Mark Lippert, the US ambassador to South Korea, was rushed to the hospital for surgery after an activist attacked him during a breakfast meeting in Seoul on March 5, 2015. Kim Ju-sung / Yonhap / AP Photo
Mark Lippert, the US ambassador to South Korea, was rushed to the hospital for surgery after an activist attacked him during a breakfast meeting in Seoul on March 5, 2015. Kim Ju-sung / Yonhap / AP Photo
Mark Lippert, the US ambassador to South Korea, was rushed to the hospital for surgery after an activist attacked him during a breakfast meeting in Seoul on March 5, 2015. Kim Ju-sung / Yonhap / AP Photo
Mark Lippert, the US ambassador to South Korea, was rushed to the hospital for surgery after an activist attacked him during a breakfast meeting in Seoul on March 5, 2015. Kim Ju-sung / Yonhap / AP Ph

North Korea applauds slash attack on US ambassador in Seoul


  • English
  • Arabic

SEOUL // The US ambassador to South Korea was attacked on Thursday by a knife-wielding activist who slashed his face and arm. The incident was applauded by North Korean state media as “just punishment”.

The United States condemned the “act of violence” which saw Mark Lippert rushed to hospital. His condition stabilised after two-and-a-half hours of surgery that included 80 stitches to a deep gash on his right cheek.

Witnesses described how a man armed with a 25-centimetre paring knife had lunged across a table and attacked Mr Lippert at a breakfast function in central Seoul.

The assailant, dressed in traditional Korean clothes and identified as Kim Ki-jong, 55, was immediately wrestled to the ground and taken into police custody.

During the assault, Mr Kim screamed a slogan in favour of reunifying the divided Korean peninsula, and later shouted his opposition to ongoing joint US-South Korean military exercises.

North Korea’s official KCNA news agency called the attack “just punishment” and a valid “expression of resistance” that reflected South Korean public opposition to the joint drills which went ahead over Pyongyang’s bitter protests.

South Korean president Park Geun-hye condemned the “intolerable” assault, saying it was tantamount to an attack on the South Korea-US military alliance.

The assailant was a known maverick activist who had been handed a two-year suspended sentence in 2010 for throwing a rock at the then Japanese ambassador to Seoul.

Video footage showed Mr Lippert, 42, being rushed from the event and bundled into a police car, one hand pressing a cloth to his bleeding right cheek, and his other hand and clothes smeared with blood.

One of the surgeons said that if the cut on his face had been just a little lower it might have severed his carotid artery “which would have been life-threatening”.

He was to remain in hospital for three to four days under observation.

“Doing well & in great spirits!” Mr Lippert tweeted from hospital, saying he and his family were “deeply moved” by messages of sympathy and support.

“Will be back ASAP to advance US-ROK alliance,” he said.

The US state department condemned the “act of violence” and both president Barack Obama and secretary of state John Kerry called Mr Lippert to offer personal wishes for his recovery.

Mr Lippert was part of Mr Obama’s inner circle during the then senator’s rise to the White House.

He took on senior roles in national security and defence after the 2008 presidential campaign, before becoming ambassador to Seoul in October last year.

The Korea Council for Reconciliation and Cooperation, which hosted the breakfast function, apologised for the lack of security at the event.

Mr Kim runs a small activist group that pushes for reunification with North Korea and regularly organises protests against Japanese territorial claims to a group of small islands controlled by South Korea.

A unification ministry official said the attacker had visited North Korea at least half a dozen times between 2006 and 2007.

Writing on the group’s blog on Tuesday, Mr Kim had complained that the joint US-South Korea drills were blocking dialogue between North and South Korea and preventing reunions for family members divided by the 1950-53 Korean War.

The annual exercises kicked off earlier this week and triggered a surge in tensions with the North.

Nearly 30,000 US troops are permanently stationed in South Korea and the United States would assume operational command in the event of an armed conflict with the North.

* Agence France-Presse

Voy!%20Voy!%20Voy!
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Omar%20Hilal%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Muhammad%20Farrag%2C%20Bayoumi%20Fouad%2C%20Nelly%20Karim%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Day 3, Abu Dhabi Test: At a glance

Moment of the day Just three balls remained in an exhausting day for Sri Lanka’s bowlers when they were afforded some belated cheer. Nuwan Pradeep, unrewarded in 15 overs to that point, let slip a seemingly innocuous delivery down the legside. Babar Azam feathered it behind, and Niroshan Dickwella dived to make a fine catch.

Stat of the day - 2.56 Shan Masood and Sami Aslam are the 16th opening partnership Pakistan have had in Tests in the past five years. That turnover at the top of the order – a new pair every 2.56 Test matches on average – is by far the fastest rate among the leading Test sides. Masood and Aslam put on 114 in their first alliance in Abu Dhabi.

The verdict Even by the normal standards of Test cricket in the UAE, this has been slow going. Pakistan’s run-rate of 2.38 per over is the lowest they have managed in a Test match in this country. With just 14 wickets having fallen in three days so far, it is difficult to see 26 dropping to bring about a result over the next two.

Dark Souls: Remastered
Developer: From Software (remaster by QLOC)
Publisher: Namco Bandai
Price: Dh199

Abu Dhabi race card

5pm Abu Dhabi Fillies Classic Prestige Dh110,000 1,400m

5.30pm Abu Dhabi Colts Classic Prestige Dh110,000 1,400m

6pm Abu Dhabi Championship Listed Dh180,000 1,600m

6.30pm Maiden Dh80,000 1,600m

7pm Wathba Stallions Cup Handicap Dh80,000 1,400m

7.30pm Handicap (TB) |Dh100,000 2,400m

The specs

Engine: four-litre V6 and 3.5-litre V6 twin-turbo

Transmission: six-speed and 10-speed

Power: 271 and 409 horsepower

Torque: 385 and 650Nm

Price: from Dh229,900 to Dh355,000

Final scores

18 under: Tyrrell Hatton (ENG)

- 14: Jason Scrivener (AUS)

-13: Rory McIlroy (NIR)

-12: Rafa Cabrera Bello (ESP)

-11: David Lipsky (USA), Marc Warren (SCO)

-10: Tommy Fleetwood (ENG), Chris Paisley (ENG), Matt Wallace (ENG), Fabrizio Zanotti (PAR)

Specs

Engine: 51.5kW electric motor

Range: 400km

Power: 134bhp

Torque: 175Nm

Price: From Dh98,800

Available: Now