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CUP CORNER

Internet, Seoul
The Korean government believes the major soccer event will have a huge impact on politics, the economy, society, and culture of the country, The Korea Herald reported.
Actually lots of Koreans are confident that the World Cup is the best way to prove the country's economy is back to prosperity after the 1997 foreign exchange crisis, and believe that the tournament will successfully showcase Korea to the rest of the world.
Fernando R. Machado, Portuguese ambassador to Korea stated:
"People could have cultural shock when they arrive in Seoul for the World Cup, a city which may be much different from what they have expected."
Korea also hopes the World Cup will boost the country's economy as it did with the economies of France and a number of previous host countries.
The stock markets in France experienced a 7.7 percent upsurge during a one-month period before the start of the World Cup tournament in 1998, while the United States and Italy experienced a 2.0 percent and 7.8 percent rise of the stock prices during the World Cup in 1994 and 1990, respectively.
However, during the one-month event itself, the French stock market increased only 0.2 percent, while the stocks for Italy and the United States fell 3.5 percent and 0.7 percent, respectively.
Predictions for the effect on the Korean market vary. According to HSBC Securities' report, stock prices may fall about 6.4 percent after the tournament, while the Daishin Economic Research Institute and Seoul Securities predicted Korea Stock Exchange will experience a rise after the 2002 World Cup.
At the same time, Korea Development Institute (KDI) reported the 2002 World Cup will generate 11.48 trillion won in production and create 350,496 jobs for the Korean economy.
The tourism industry alone will generate 1.79 trillion won in production and create about 40,000 jobs during the World Cup, according to another report released by the Bank of Korea.
GERMANY ALREADY IN FINAL!
AFP, Tokyo
Does German President Johannes Rau know something the rest of the world does not?
Everyone else is writing off the World Cup chances of Rudi Voller's squad but that has not stopped the country's head of state from booking his seat for the June 30 final.
Rau will take in the match during a five-day official visit intended to strengthen bilateral ties between the world's second and third biggest economies.
"President Rau will attend the final match because the next (World Cup tournament) will be held in Germany," said German embassy spokesman Klaus Herzog. "It will be like a baton pass."
This year's tournament, co-hosted by Japan and South Korea, will start on May 31, with the final game scheduled on June 30 in Yokohama, south of Tokyo.
Germany will host the next World Cup finals in 2006.
During his visit, Rau will meet with Emperor Akihito and Empress Michiko on July 1 before meeting with Prime Minister Junichiro Koizumi on July 2, the Japanese foreign ministry said.
The president will also visit the ancient Japanese capital of Kyoto.
"The government of Japan sincerely welcomes the visit of the president and Mrs. Rau, which will further strengthen the friendly relations existing between Japan and the Federal Republic of Germany," the ministry said.
VERON PREFERS ERIKSSON TO FERGIE
London
Juan Veron opined that Sven Goran Eriksson is a better manager than Alex Ferguson, adding he prefers Eriksson's calm approach to the "strong words" of his Old Trafford boss Fergie, The Sun reported.
The Manchester United midfielder stated:
"Eriksson is the same person in the dressing room as outside.
"Ferguson will challenge the team with strong words, which is not Eriksson's way.
"For me, the best coach is the one who is best at building his relationship with his players, so they feel at ease and supported.
"You need more than just a coach, you also need a friend, to perform to the best of your ability. There aren't many like that but it is the mark of Eriksson."
The Argentina ace, who played for the Swede at Sampdoria and Lazio and cost United J28.1 million, added:
"Eriksson was very important to me - almost like a father figure when I first came to Europe.
"I had to live on my own for the first time.
"Sven was a big help during that period. For the first six months, he protected me.
"I wasn't having a good time on the field and he provided a calmness for me."