{ BUSINESS ae Castlégar News December 20, 1987 SEOUL (CP) — South Kotea is trying to voluntarily restrain its exports to Canada, increase direct investment there and open its domestic market to Canadian products. But trade and business experts here say the growing trade imblance in Seoul's favor won't be reduced until Canadian become more ive and seize the opportunities open to them. South Korea-ran a trade deficit with Canada every year until 1983. But it possesses one of the fastest-growing economies in the world and the trade situation has changed dramatically. Last year, Seoul exported about $1.7 billion Cdn worth of goods to Canada, according to official Canadian figures. Canada sold only about $1 billion worth of goods to South Korea, leaving Ottawa with a deficit of about $700 million in bilateral trade. TRY TO BUY MORE “We are trying to buy more products from countries with which we have a trade surplus, like Canada,” says Yu Deuk-hwan, direction general of international trade promotion for the government in Seoul. “And we are trying to self-restrain our exports to those countries with which we have a trade surplus because a rapid increase in (surplus) trade will cause some difficulties like (increased) trade frictions. “Basically, we are trying to make balanced and expanded trade between our two countries,” Yu adds. South Korea is encouraging its businessmen to invest in Canada. Hyundai, for example, is building a car-assembly plant in Bromont, Que., and a parts factory in Newmarket, Ont. And, under pressure from Canada and other western countries, it's removing or reducing its mainly non-tariff barriers against imports as well as opening up to foreign competition such previously closed areas of its economy as life insurance and financial services. UP TO CANADIANS But such South Korean efforts won't be enough to redress the imbalance in trade as long as Canadian businessmen remain preoccupied with the United States market and ignore’ the vast opportunities in the rest of the world, says Ken Bushell, vice-president and manager in South Korea for the Bank of Montreal. “It's a spectacular time for Canadian businessmen to be looking at this market,” he says. “(But) we've got to get off our tails and start pene trating.” It will be a long process, Bushell warns. Like many other Asian countries, South Korea is not a “quick deal” kind of place. Personal contact and trust is crucial but needs to be developed over a long period of time. Nonetheless, opportunities for Canadian abound, Yu and Bushell agree. HAS MANY NEEDS South Korea has virtually no natural resources and must import both the raw materials and most of the machinery for its burgeoning export industry. South Korea slows exports | Bushell says there's still room for growth in traditional Canadian exports such as minerals and timber. But he predicts a booming market for “middle-tech” products in the chemical and communications industries, among others, ¥ 's a huge market, he says for Canadian resources and expertise in industries that employ a higher degree of technology than the traditional South Korean light industries of textiles, electronics and foot- wear. THREE AREAS Another Canadian familiar with trade issues here, who did not want to be identified, says there are a few broad areas where Ottawa is pushing Seoul for greater access to its market. He says a move toward increased Canadian exports of natural resources is “coming along,” although there have been only a few steps to liberalize South Korea's heavily protected domestic agricultural sector. He says the real growth areas should be new technology and manufactured products. But success in those terms lies mostly in the hands of private Canadian businessmen, he adds. “Korea's policy is to move sourcing away from Japan (with which it runs a massive $6 billion US deficit) to countries such as the US.and Canada (where it has a huge surplus). “It's a great opportunity to get in there and sell.” No Pickups Dec. 25 & Dec. 26 Friday, Dec, 26 Pickup Will Be Picked Up Monday, Dec, 28 New Year's Day, Jan. 1 Pickup Will Be Made Monday, Jan. 4 ABOUT FREE TRADE Koreans concerned By JIM SHEPPARD ess SEOUL — When discussing threats to his country's vital export trade, the South Korean government official is a “very much concerned” man. Yu Deuk-hnan is South Korea's unfaili ¢ Antidumping charges laid in several western countries against South Korean products. In Canada, the Revenue Department decided Hyundai has been illegally dumping its cars in the country below the going price in Korea and imposed a 36-per-cent duty on them. That p1 'y ruling is subject to confirmation or director general of international trade p: . So “very much concerned” is about the strongest expression the mid-40ish senior offical will use. He uses it at least seven times during a 30-minute inter. view in his office overlooking the barren hills of northern Seoul, a clear indication of how seriously Yu and his government consider those threats. High on the list of Yu's concerns are the proposed Canada-US. free-trade deal and trade protectionist senti- ments in several foreign countries. South Korea exports about 40 per cent of its gross national product. The government estimated in late November that its current account surplus for the year would be the equivalent of about $12 billion Cdn. It uses these profits to pay off the massive foreign debt it built up over the past two decades to finance its “economic miracle,” the transformation from a poor, agricultural land to one of the world’s fastest-developing industrial powers. But this export growth has touched off threats of angry retaliation in the West from governments that fear cheaper imports will undercut the prices of domestically produced goods, resulting in job losses. So Yu, pausing frequently, clearing his throat re- peatedly and choosing his words with care, says he's “very much concerned” about a lot of things: e South Korean's continued access to vital US. and Canadian markets if the free-trade deal is approved by Canada’s Parliament and the US. Congress. Great Christmas Gift. . . Genuine Sheepskin Seat Covers UNIVERSAL STRAP-ONS Reg. $89.95 $79.95 MULTIFIT SLIPCOVERS Reg. $124.95 $109.95 time GEM CASTLEGAR Expires dec. 3). KY LITA BE your OWN BOSS *6000 Allows you to OWN & OPERATE your own business. Call or write . . . JOHN MADSEN, CA President “INTERCHANGE Box 82008, North Bu VS5C 5P2 (604) poner Castlegar Savings 3) Credit Union Holiday Hours OPEN Tuesday, Dec. 22.10 a.m. - 5 p.m. Wednesday, Dec. 23 10 a.m.-5 p.m. Thursday, Dec. 24 . 10 a.m.-3 p.m. Tuesday, Dec. 29... 10 a.m.-5 p.m. Wednesday, Dec. 30 10 a.m.-5 p.m. Thursday, Dec. 31 .. 10 a.m.-5 p.m. Saturday, Jan. 2 HAVE A SAFE & HAPPY HOLIDAY Castleaird Plaza Slocan Park 365-7232 226-7212 © The fate of South Korean investment in new factories and industries in several western countries, including Canada, designed- at least partly to get around further threats to its exports. © The widely discussed possibility that Canada and other western countries will soon remove South Korea from the list of developing countries entitled to lower tariffs under the so-called Generalized System of Preference. © The world trend to increasing protectionism. Much of the western attack on South Korea exports is unfair, Yu suggests. “You could use jonism to solve other ji problems — deficit reduction, (lack of) competitiveness,” he complained. Most experts agree South Korea and other newly industrialized countries such as Taiwan, Hong Kong and Singapore face serious and often unfair threats to their vital trade with North America and Europe. “There's a strong feeling among major developed countries that some of the more advanced developing countries should cease to be treated as if they are still relatively poor,” says Hugh Corbett, director of the London-based Trade Policy Research Centre, an indepen- dent privately funded organization. Action by the major developed countries manifests itself primarily in the move toward removing preferential treatment from the newly developed countries and forcing them to pay higher duties on their exports. rhe sess My, the old fashioned delights of Christmas make yours a wonderful holiday. The Management and Staff would like to extend. Season's Greetings to all our customers, and thank you for your patronage. Wallace Horning Peter Vatkin Vi Stoushnow Mabel tsakson Ann Proud Terry Phillips De jis Krahn dy Baker Audrie Maxwell Chris Day Christine Markin Katrin Liebenow berg Linde Buday Gladys Leckie Angie Verhaeghe Lee Newton Shirley Isabel Jones if Phyllis Goldsbury Carol McLean Elaine Martin Leona Me Marriana Westinghouse Elsie Rysen Dean Horning Donna Yackel Natalie Koorbotott Tina Boker Karen Hughes Weekly Stocks TORONTO (CP) — North declines 1,286 to 383 with 310 American stock markets re- issues unchanged on heavy sumed their mid-December volume of 276.2 million rally on Friday to post solid shares. Givers Wiican RUMEN “The Gifts That Keep Giving" Bontempi Keyboards Effect Pedals Guitar Amplifiers Electric & Accoustic Guitars Allat Low, Low Christmas Prices! Libra Music 640 Rossland Ave. 364-2922 gains for the week — a record one in New York despite Thursday's stumble. “It was a super week,” en- thused Leon Tuey, a techni- cal analyst with Dominion Securities in Toronto. “Bonds were strong, com- modity prices firmed up at the end of the week, the U.S. dollar was strong and the (stock) markets performed well.” In New York, the Dow Jones industrial average — which had lost 50 points Thursday — climbed 50.90 on Friday to close at 1,975.30, a weekly gain of 108.26. Advances out b ©MCMLXXXVII Leon Shaffer Goinick Adv., Inc. Castlegar Rebel forward sneaks @ net in an attempt to score a wraparound goal on the Grand Forks Border Bruin netminder. The Rebels beat the Border Bruins 7-1 Friday at the Community Complex. —CosNewsPhoto by Phil Colderbank Rebels victorious scoresheet on a goal by assistant cap- two more before the period ended. victory by a Canadian team here since the historic 1972 ‘ Summit Series. ‘The victory, with some excellent netminding by Sean Burke, lifted Canada into a first-place tie with Sweden and Czechoslovakia in the sixteam Izvestia tournament, all at 21, Canada, which has never won the round-robin tourna- goal against Soviet goaltender Vitaly Samoilov midway in the second period following earlier goals by Sergei Svetlov and Igor Larionov. - “know everyone in this dressing room remembers the ‘T2 series,” said Berry. “For us to come in here and take one do,” King said outside « noisy dressing room. “To me, I'm looking to those games in Calgary. “T'm pleased that we won . . . . But in every game, whether we win or lose, we're always looking for other ‘we played pretty well, but there's still some ‘Berry's game-winner came st 8:49 of the third period Soviet away from them in their own barn is a great ment.” Berry said the victory would be a big morale booster in this Olympic season. “We've always been believers that ina one-game series anything can happen,” said the veteran national team for- ward. “We saw that in 1980 (at the Lake Placid Olympics) with the U.S. “I think this just confirms there is a possibility for us to beat them. You watch the Canada Cup team play these guys and you say you've never seen hockey like it. But we're capable of playing with them.” Veteran defenceman Randy Gregg, who. the when he banged a Cliff Ronning past the bad "72 series as a fan and wit Paul dramati goal in the final minute of Game 8, said he was just as excited at this momentuss victory in Luzhniki arena, the site of that memorable 1972 series. “This is a very special stadium,” said Gregg. “It's the Montreal Forum of a very big and dominating country .. . . “The Soviets had a lot to lose this in this building and in a very prestigious tournament. This gives the fellas a very good feeling.” the Soviet fans weren't impressed. They whistled loudly in derision when the Canadian players saluted them with Fs E o< rails ie HAPPY HOLIDAY R Moh ii FROM MOHAWK! and | k for party needs. C'mon in and take advantage of holiday savings! TWO FOR THE ROAD Present this coupon and receive a discount of $2.00 off your next minimum 30 litre ga OUPON Dec. 20 to Dec. 25, 1987. 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CASTLEGAR 1415 Columb MOHAWK By BRENDAN NAGLE Staff Writer The Castlegar Rebels had little trouble with the Grand Forks Border Bruins as the Rebels embarrassed the Bruins 7-1 in KIJHL play Friday night... Captain Dave Terhune led the Rebels in scoring with two goals and one assist. Taylor Harding got the Rebels’ first goal with just over two minutes gone in the first period with assists coming from Keith Semenoff and Ter- hune. From there it was all Rebels as they séored two more goals in the last two minutes of the first pericd. Semenoff scored on a pass from Harding with 1:24 left on the clock. The Rebels rounded off the first-period tain Kevin Koorbatoff with helpers coming from Tony Nazeroff and Jeff Adams with only six seconds left on the clock. ~The Rebels continued tozoll in the second on an unassisted goal from Dave Zarikoff. That goal made it 4-0 Rebels with five minutes gone in the second. The embattled Bruins finally got ‘on the scoresheet — for what would be the only time in the game — on a goal by Kevin Pavin. Assistant captain Mike Lewis got the lone assist on the goal that came with 3:24 left in the second. That goal sparked the Rebels who answered the lone Bruin marker with Walter Sheloff converted a pass from Dave Zarikoff with 2:52 left in the second and Terhune hit the back of the net with 1:06 left on a pass from Semenoff. The final period was relatively quiet as no goals were scored until Terhune scored his second of the night from Semenoff and Adams. Rebel goaltender Nick Colvin had a solid game, turning away 29 of the 30 shots that came his way. It was a good game for the Rebels after Tuesday's 86 loss to the Trail Junior Smoke Eaters. The Rebels remain on top of the KIJHL west standings. y 1 HABS STREAK ENDS ‘ Buffalo beats Montreal MONTREAL (CP) — Doug Smith and Adam Creighton staked Buffalo to an early-two goal lead Saturday night, and the Sabres, backed by the brilliance of goaltender Jacques Cloutier, held on for a 2-1 National Hockeyk League victory over Montreal, ending the Canadiens nine-game unbeaten string. The Canadiens, with six victories and three ties in their ukndefeated stretch, had been held to a 2-2 tie by the Sabres in Buffalo one night earlier. Cloutier played.a key role in the outcome, as he did in the rematch, making 38 saves. Smith, who had only one assist in his last eight games, fired his fourth goal on the first shot: of the game at 3:55. Creighton, the lankyk centre, fired a wrist shot beyond goaltender Brian Hayward about 10 minutes later. — Troy Murray scored two goals as the Chieago Blackhawks defeated the Toronto Maple Leafs 6-2 in NHL action Saturday night. Rik Wilson, Curt Fraser, Steve Larmer and Everett Sanipass added one each in a victory accomplished with ridiculous ease. Mark Osborne and Dale DeGray scored for the listless Leafs, who had been beaten Friday night by the Washington Capitals. Chicago won its second game in a row on the road after a 12-game losing streak in opposition rinks. Chicago and Toronto both have 18-17-2 records for 28 points each in the Norris Division. Toronto outshot Chicago 41-29. WHALERS 4 OILERS 3 EDMONTON (CP) — Paul Lawiless’s first goal in nearly two months snapped a 3-3 tie and gave the Hartford Whalers a well-deserved 4-3 National Hockey League victory over the Edmonton Oilers Saturday night. Lawless, whose only other goal this season came on Oct. 24, beat rookie goaltender Daryl Reaugh on a breakaway at 5:56 of the third period. Lawless was sent free by Ulf Samuelsson’s long breakaway pass to centre. The superb play of Reaugh, making his first start of the season, was the main reason the Oilers were still in the game in the final period. In only his second NHL start — he played one full game in 1984-85 when called up from junior — Reaugh faced 41 shots. PENGUINS 4 RANGERS 3 PITTSBURGH (AP) — Randy Cunneyworth scored two goals and Gilles Meloche made 43 saves, including 18 in the third period, as the Pittsburgh Penguins defeated the New York Rangers 4-3 in NHL action Saturday night. Cunneyworth now has eight goals in his last six games and Meloche, the oldest player in the league at 37, is 6-2-1 in his last nine starts. He has started six consecutive games. Leading 2-1 after one period, the Penguins succeeded on their first two power-play chances L Mario Lemieux scored his 28th off Phil Bourque's pass at 1:47 and Lemieux set up Cunneyworth’s 18th at 4:04 to make it 41. DEVILS 3 north stars 1 BLOOMINGTON, Minn. (AP) — Craig Wolanin scored off a faceoff midway through the second period to break a 1-1 tie Saturday night, lifting the New Jersey Devils to a 3-1 NHL victolry over the Minnesota North Stars. cellar with their fifth straight loss and sixth in seven games. With 9:16 gone in the second, Mark Johnson won a faceoff and sent the puck back to Wolanin at the right point. Wolanin’s shot deflected off the left leg of Minnesota defenceman Bob Brooke and into the net past the stick side of goalie Jon Casey. BLUES 7 BRUINS 5 BOSTON (AP) — Tony McKegney’s scored his 12th goal of the season late in the game to cap a St. Louis rally from a deficit, and the Blues went on to defeat the HL their hockey sticks at the end of the game. For his part, head coach Dave King was low key about the turn of events, “It's certainly a tremendous feeliig to win a gaine here at Investia against the Soviets, because that’s really tough to” MOSCOW (CP) If Sowiet hockey coach Viktor Tikhonov was on the hot seat before Saturday's Izvestia tournament game against Canada, it could feel be downright scorching following a 3-2 upset loss to Canada. It was the first time a Canadian team had beaten the Soviet national hockey structure here that there is “T’m not saying this is the catalyst that’s going to make that happen, but I guess in coaching we're all under the heat. Even the. Soviet national coach can be under the heat a little bit.” Tikhonov has been under pressure here because of runner-up finishes at the Canada Cup and the world cham Tikhonov troubled hockey system for working the players too hard and tiring them out before events. ‘Tikhonov said he doesn't believe that is at the root of the team’s “I wouldn't say we were tired. We have had the same situation before.” didn't help his situation, but he thinks it's too early to worry about the team's state of affsirs. “It's wrong to judge by two or three games,” he said at a news conference after the game. “This is just one of the stages of preparation “We are looking at our goalies to find the best one.” he said. “They All stars chosen for game Nanaimo Clippers, will lead a strong ‘Rebels. Boston Bruins 7-5 for their sixth ive NI win. Doug Gilmour led the St. Louis comeback with two goals and two assists in the Blues’ four-goal streak to overcome a 3-0 first-period Boston lead. Gilmour scored his second goal of the game into an empty net with eight seconds remaining. Perry Jay Miller, who entered the game with six career goals in 183 games, scored twice in five minutes, sandwich goals around one by teammate Ceoff Courtnall, Keith Crowder and Ken Linseman also tallied for the Bruins. ryt rf i ii F Canucks send | players to minors