Most Popular
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Now is no time to add pressure on businesses: top executives
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CJ CheilJedang to spur overseas growth with new Hungary, US plants
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Blackpink's solo journeys: Complementary paths, not competition
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Nationwide rail disruptions feared as union plans strike from Dec. 5
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Seoul to host winter festival from Dec. 13
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N. Korea, Russia court softer image: From animal diplomacy to tourism
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Smugglers caught disguising 230 tons of Chinese black beans as diesel exhaust fluid
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[Today’s K-pop] Blackpink’s Jennie, Lisa invited to Coachella as solo acts
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Main opposition pushes to ease, not postpone, tax on crypto gains
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Actor Song Joong-ki welcomes second child in Rome
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[Editorial] Health insurance deficit
South Korea’s public health system is still mired in a protracted dispute between the government and doctors over the medical school enrollment quota. On top of the current debacle, there is a potentially devastating problem that needs more attention from policymakers: the growth of the country’s health insurance deficit. According to research submitted to the Korean Association of Health Economics and Policy, the accumulated deficit of Korea’s health insurance will top 563 tri
EditorialJuly 12, 2024
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[Room Tone]Industry premieres: Glitz, glamour and grind
Industry film premieres are a delicate high-wire act where glitz and glamour can quickly devolve to grind, depending on your bias toward large social gatherings. From the stressful hunt for parking to navigating the after-party, the night is abundant with the complexities of a blockbuster film production. First off, dress code: Assuming you aren’t walking the photo line, there is none. Its important to note that during the winter months, the theaters really crank up the thermostat
ViewpointsJuly 11, 2024
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[Wang Son-taek] Yoon needs to work on diplomacy, not just security
As South Korea and Russia exchanged vulgar words again, the relationship between the two countries reached a new low. The trouble began on July 8 with a foreign media interview of President Yoon Suk Yeol ahead of his attendance at the NATO summit in Washington. He said Russia should consider who is more important to Russia between South and North Korea. He then warned that South Korea's possible provision of weapons to Ukraine depends on the level and content of cooperation between Russia a
ViewpointsJuly 11, 2024
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[Editorial] Watch CIO probe
President Yoon Suk Yeol on Tuesday vetoed a bill mandating a special counsel investigation into alleged external pressure on the military response to a Marine’s death. It is a reasonable veto. A bill for a special counsel probe of the case was first proposed by the main opposition party and passed the previous National Assembly, but Yoon sent it back to the Assembly on May 21. It failed to pass an Assembly re-vote on May 28. The Democratic Party of Korea proposed a modified version of the
EditorialJuly 11, 2024
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[Kim Seong-kon] Conspicuous forms of discrimination in our society
Anyone who has lived in South Korea long enough has likely encountered subtle or even open forms of discrimination. Perhaps one of the most conspicuous forms of discrimination in Korea is ageism. Ageism is taboo in most advanced countries, but in Korea, a supposedly Confucian country, many people openly practice it. Not long ago, our newspapers were full of headlines declaring the urgency of revoking senior citizens’ privilege of riding the subway for free or carrying out pension reforms t
ViewpointsJuly 10, 2024
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[Ylli Bajraktari] NATO must confront disinformation
NATO’s July summit in Washington marks the 75th anniversary of the alliance’s establishment, and it comes at a critical juncture. As threats to global stability evolve beyond conventional military domains, NATO must confront the barrage of disinformation undermining its unity and values. Specifically, member countries must prevent hostile authoritarian regimes from manipulating public opinion by leveraging technology to wage “cognitive warfare.” Fittingly, the summit is e
ViewpointsJuly 10, 2024
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[Sung Soo Eric Kim] Why generative AI must be regulated
I visited the Louvre Museum a couple of months ago, where legends and mythologies of humankind are preserved. Before the age of scientific reasoning in the 19th century, humankind lived based on beliefs and myths since we could not prove or scientifically reason what someone else observed. What became a legend and then a truth was based on what we wanted to see as a truth from a compelling story told by others. We could record what we see with modern recording technology during the Industrial Re
ViewpointsJuly 10, 2024
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[Editorial] Tighten loan conditions
South Korea’s household loans surged at an embarrassing pace last week, ringing alarm bells for financial authorities over local home buyers rushing to take out mortgage loans from banks, often beyond their repayment capacity, in a bid to ride a recovery period in the housing market. The combined household loans from the country's five major banks -- KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank and NongHyup Bank -- climbed by around 2.2 trillion won ($1.6 billion) in the first
EditorialJuly 10, 2024
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[Editorial] Impeachment right abuse
The main opposition party’s recent move to impeach prosecutors is hard to accept from a common-sense point of view. It seems ill-founded and threatens to undermine the rule of law. The Democratic Party of Korea proposed a motion last week to impeach four prosecutors, three of whom either investigated or commanded investigations of allegations linked to its former leader, Rep. Lee Jae-myung. The complaints include concerns about development projects and Ssangbangwool Group’s illegal c
EditorialJuly 9, 2024
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[J. Bradford DeLong] How humanity lost control
How can we be at least 15 times richer than our pre-industrial Agrarian Age predecessors, and yet so unhappy? One explanation is that we are not wired for it: Nothing in our heritage or evolutionary past prepared us to deal with a society of more than 150 people. To operate our increasingly complex technologies and advance our prosperity, we somehow must coordinate among more than 8 billion people. We therefore have built massive societal machines comprising market economies, government and corp
ViewpointsJuly 9, 2024
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[Ana Palacio] The global implications of Iran’s election
The first round of Iran’s presidential election unfolded with little fanfare last weekend. But as the country prepares for a runoff -- in which voters will choose between the reformist Masoud Pezeshkian and the hardline anti-Western Saeed Jalili -- the world should be paying attention. At a time of deep tensions and shifting alliances, the results will reverberate across the region and beyond. The election’s backdrop is messy, to say the least. The death of Iran’s last presiden
ViewpointsJuly 8, 2024
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[Yoo Choon-sik] What foreign investors want from South Korea
One of the most frequently discussed phrases this year in South Korea regarding the economy and financial markets was "Korea Discount,’" and the government has made addressing this issue one of its top economic policy goals. In fact, President Yoon Suk Yeol has presided over high-profile meetings to discuss ways to address the issue, and relevant government agencies have either taken steps or promised to do so. The phrase "Korea Discount" refers to the local stock m
ViewpointsJuly 8, 2024
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[Lee Byung-jong] The disappearing incumbency premium
Across the globe, existing political power is being challenged and toppled. Sitting presidents, prime ministers and ruling parties are being badly beaten. Just last week, the Conservative Party in the UK lost its power for the first time in 14 years. A week earlier, French President Emmanuel Macron’s party faced a similar fate. Ruling parties in India and South Africa lost their majorities in parliamentary elections for the first time in decades. And let’s not forget South Korea&
ViewpointsJuly 8, 2024
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[Editorial] Samsung’s surprise earnings
Samsung Electronics, the indisputable market bellwether in South Korea, tends to affect investor sentiment strongly. This fact was well demonstrated Friday when its better-than-expected second-quarter earnings prompted investors to cheer, which in turn helped the Kospi close higher. Samsung said in a regulatory filing Friday that it expects operating profit for the April-June period to reach 10.4 trillion won ($7.5 billion), up 1,452 percent from 670 billion won a year ago, helped by the recover
EditorialJuly 8, 2024
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[Editorial] Rift over media control
The Korea Communications Commission has gone through a fast-paced reshuffle of the top position this week, touching off a dispute over the broadcasting watchdog’s irregular and unilateral decision-making structure, amid concerns about its failure to stay independent and process regulatory policies based on a consensus-based system. On Tuesday, President Yoon Suk Yeol accepted the voluntary resignation of KCC Chairman Kim Hong-il in the face of an impeachment vote in the National Assembly,
EditorialJuly 5, 2024
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[Editorial] Unavoidable path
In South Korea, those who were born between 1964 and 1974, which is a period when the country’s economic development began in earnest, are called the second baby-boom generation. They number 9.54 million, accounting for 18.6 percent of the country’s total population and as much as 33 percent of 28.91 million Koreans who are in some form of employment. Also, their population is 35.3 percent larger than 7.05 million first-generation boomers born between 1955 and 1963. Beginning in 2015
EditorialJuly 4, 2024
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[Peter Singer] Will Biden spoil it all?
After US President Joe Biden’s stumbling and unconvincing performance during the debate with former President Donald Trump on June 27, it is no exaggeration to say that the future of our planet may depend on a decision he must make. Does he want to go down in history as the man who was responsible for the disastrous consequences of a second Trump presidency? Will he join others whose lifelong efforts to do good were undone by their refusal to put the public interest first? For progressives
ViewpointsJuly 4, 2024
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[Wang Son-taek] A third option for US President Biden
Since the surprising TV debate on June 27, the Democratic Party of the US has been heated with controversy as to whether President Joe Biden should renounce his reelection bid. Voices calling for Biden to step aside express severe frustration that the debate revealed the longtime politician’s lack of cognitive ability. They argue that if Biden runs in the election in November, he will surely lose, so he should be replaced as the Democratic presidential candidate in the form of resigning hi
ViewpointsJuly 4, 2024
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[Kim Seong-kon] The image of South Korea overseas
I recently came across an intriguing article on alot.com by Ron Winkler, entitled, “AI shows what people actually look like in these 30 countries.” The writer asked an artificial intelligence system what the average person would look like in the 30 included countries, and the article features 30 images of people presented by AI for each country, followed by the writer’s brief comments on them. AI personifies South Korea as a charming K-pop girl with the background of “the
ViewpointsJuly 3, 2024
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[Christine Ledbetter] Ethics crisis at US Supreme Court
A photo of Ruth Bader Ginsburg is pinned by a magnet to my refrigerator door, nestled among pictures of my grandchildren. With her head bowed, she is reading briefs during intermission at Arena Stage’s 2018 production of August Wilson’s “Two Trains Running” in Washington. I saw her numerous times at cultural events in DC during my eight years there. But I never introduced myself or told her she was my hero. I feared being embarrassingly inarticulate. Imagine having a he
ViewpointsJuly 3, 2024