This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

APNewsBreak: Google Exec Chairman To Visit NKorea

It was not immediately clear who Schmidt and Richardson expect to meet in North Korea, a country that does not have diplomatic relations with the United States. North Korea has almost no business with companies in the U.S., which has banned the import of North Korean-made goods.

Schmidt, however, has been a vocal advocate of providing people around the world with Internet access and technology.

As Google's chief executive for a decade until 2011, Schmidt oversaw Google's ascent from a small California startup focused on helping computer users search the Internet to a global technology giant making inroads into mobile phone markets as well as mapping.

Google now has offices in more than 40 countries, including all three of North Korea's neighbors: Russia, South Korea and China, another country criticized for systematic Internet censorship.

After being accused of complying with China's strict Internet regulations, known as "the Great Firewall of China," Google pulled its search business from the world's largest Internet market in 2010 by redirecting traffic from mainland China to Hong Kong. The company maintains other businesses in China, but a recent transparency report shows Google's services there sporadically are blocked.

Since stepping aside as CEO, Schmidt has served as Google's executive chairman, largely responsible for the company's external relationships with policymakers, business partners and governments around the world.

And in recent months, Schmidt had been working with Jared Cohen, a former U.S. State Department policy and planning adviser who heads Google's New York-based think tank, on a book about the Internet's role in shaping society. "The New Digital Age" is due to be published in April.

Schmidt's message: The Internet and mobile technology have the power to lift people out of poverty and political oppression.

"The spread of mobile phones and new forms of connectivity offer us the prospect of connecting everybody," he said in commencement speech at Boston University in May. "When that happens, connectivity can revolutionize every aspect of society: politically, socially, economically."

2 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,619.51 +23.16 0.13%
S&P 500 2,063.12 +5.48 0.27%
NASDAQ 4,986.8670 +28.3990 0.57%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs