In Seoul last week, the latest fashion was a drab corduroy suit, and the new word was austerity. Corduroy-clad legislators abandoned their official cars, tramped to work on foot, carrying their lunch in paper bags. Despite the cold, they wore no overcoats. All were exponents of South Korea's "Fresh Tide" society, dedicated to austerity and reform.
In the heady days after President Syngman Rhee's regime was overthrown, hopes had been high that stability and prosperity lay just ahead under the Democratic Party leadership of Dr. John Chang. But reform-minded young Koreans were...
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