Word: koreans
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...Correspondent Frank Gibney's first-person account from the battlefront, the war in Korea was only four days old when he became TIME Inc.'s first casualty. He is now out of the hospital and back on the job. You may recall his timely appraisal of the Korean situation in our June 5 issue. Before he became head of our Tokyo bureau, Gibney had served four years in the U.S. Navy, where he learned Japanese and was aide and flag lieutenant to Admiral Robert M. Griffin in Japan...
After Japan surrendered, U.S. Lieut. General John R. Hodge moved into South Korea with 72,000 troops while Colonel General I. M. Chistyakov occupied North Korea with 100,000 troops. The two generals were supposed to set up an all-Korean government, but the Russians stalled all negotiations. The Russians demanded that every Korean who opposed Communism be barred from the proposed government. After a two-year stalemate, the U.S. raised the Korea question in the United Nations. Russia refused to let any U.N. observers into North Korea. In May 1948 a U.N. commission supervised free elections in South Korea...
...Hills, N.Y. home of U.N. Secretary General Trygve Lie. The caller was Ambassador Ernest Gross, U.S. deputy representative to the United Nations. The U.S., said Gross, wanted Lie to call an emergency meeting of the Security Council to deal with the invasion of South Korea by Russian-backed North Korean troops. Burly Trygve Lie buckled down to action immediately, did not get back to bed that night...
When Gross had finished, small, intense Dr. John Chang, South Korean Ambassador to the U.S., was allowed to address the Council. In calm, precise English, Chang declared that the invasion was "an all-out effort. . . to bring my country under the domination of the Communist-supported puppet regime of North Korea." Slowly and with emphasis, Chang told the tense delegates: "We are determined to resist, and will lay down our lives. This is a crime against humanity. . . We appeal to the Security Council to act forthwith...
Fears of war, rising from the Red invasion of Korea this week, scared the stock market into its biggest drop in nearly four years. When the New York Stock Exchange opened, the day after the Korean fighting started, a huge wave of panicky selling began. By day's end, trading totaled 3,910,000 shares, the heaviest since May 21, 1940, when Hitler's Panzer divisions were sweeping through northern France. The selling sent the Dow-Jones industrial average tumbling 10.41 points, the biggest single day's break since the September crash...