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To: chip who wrote (168390)	7/8/2009 5:56:25 AM
From: Proud Deplorable	Respond to of 312555

07-07-2009 17:56 Ecuador Welcomes Korean Investors Raphael Correa Ecuadorian President By Kim Sue-young Korea Times Correspondent QUITO, ? Ecuadorian President Raphael Correa said Monday that South Korean investors will see ``benefits and amazing achievements,'' if they invest in the Latin American country. Correa also said his country can learn a lot from the economic growth Korea has achieved over the past decades. He made the remarks during a meeting with a Korean delegation comprised of about 40 government officials and business leaders at the presidential palace. As part of the resource diplomacy promoted by President Lee Myung-bak, the group, dubbed the ``Economic Cooperation Caravan,'' began a trip to four resource-rich Latin American countries ? the other three are Venezuela, Bolivia and Mexico ? last week. ``I can clearly say that Korean investors will gain great achievements and a large amount of profits by joining projects here,'' the President said. The Ecuadorian leader noted that his country maintains law and order regarding politics and the economy in an attempt to dispel any worries that foreign investors may have. Foreign companies have had difficulty doing business here because of political instability triggered by frequent regime changes and thus, many of Western companies which established themselves in Ecuador in the initial stages withdrew. ``The government is transparently dealing with taxation and public funds,'' President Correa said. ``So, foreign investors will have no problem in future projects. If there is corruption, please, let me know.'' President Correa, who often passionately delivers speeches on local televisions without wearing a tie, showed an interest in learning of the experiences of economic development in South Korea. ``I acknowledge that Korea's experiences are more applicable to Ecuador than those of Europe or other advanced countries because it achieved economic development in such a short period of time,'' he said. Recalling that South Korea was poorer than the Latin American country in the 1960s, the President said its economy is an amazing achievement in Asia. ``For that reason, I think we can learn a lot from Korea,'' he said. Welcoming the delegation led by former Ambassador to Spain Lee Chun-seun, Correa expressed hope that the two countries will hold more talks to strengthen cooperation. According to a senior Ecuadorian official, the President is seeking to visit Seoul next year, though it has yet to be confirmed. Earlier in the day, the delegation met with Ecuador's ministers managing electricity, energy and petroleum and discussed ways to boost cooperation in those fields. During the meeting, Alecksey Mosquera, minister of electricity and renewable energy, said Ecuador has selected Hyundai Engineering as a preferred bidder for a $30-million project to build a hydropower plant here. ksy@koreatimes.co.kr ============ ============ ============ Ecuador studies impact of The Simpsons on kids 5 days ago QUITO (AFP) — Hit US cartoon series "The Simpsons" will no longer be shown during prime-time in Ecuador while the government ponders its impact on children, a broadcaster said. Teleamazonas said it would no longer be allowed to broadcast the often satirical exploits of Homer, Marge, Bart, Lisa and Maggie, between 6:00 am and 9:00 pm, pending a government investigation. A government-backed regulator will assess the program's impact on "boys, girls and teenagers," and wants to restrict its broadcast "to assure the protection" of younger audiences. "It is not going to go off the air, but we had to change its slot to 5:30 am," Pablo Ortiz, Teleamazonas' lawyer told AFP. The state TV watchdog said it was concerned by the impact of "programs and messages that promote violence, racial and gender discrimination." The body recently pushed Japanese cartoon "Dragon Ball Z" from its normal slot. The investigation is expected to last 90 days. In June 2008, Venezuelan private television channel Televen was sanctioned for showing The Simpsons during family viewing times. Like Venezuela, Ecuador's TV and radio schedules are cleared for weekly, and often lengthy, discourses by the country's leftist president. Copyright © 2009 AFP. All rights reserved. More »