Watching Government: Asian ascension

The Republic of Korea (South Korea) became a full member of the Paris-based International Energy Agency Mar. 28. "We heartily welcome [South] Korea into the IEA," Robert Priddle, the agency's executive director, said. "The country's very robust economy and its key strategic position in East Asia mean that its presence among us will greatly enhance energy security in its region and throughout the world." South Korea formally applied for full IEA membership in April 2001. Since then, it has enjoyed the status of a "de facto member country," according to IEA.The country also met a key requirement of full membership status last year by setting aside aside emergency oil stocks equal to...

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