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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[F.D. Flam] Population decline vs hungry kids
Humanity is about to turn a major population corner, according to a new estimate. A recent article in the Lancet predicts that by 2030, we’ll no longer be reproducing fast enough to replace ourselves. We aren’t about to go extinct, but this is an unexpected trajectory. As recently as 2017, the United Nations predicted human numbers wouldn’t peak until 2100 when we’d reach more than 11 billion people. According to the new estimate, our numbers could rise from the curr
ViewpointsJune 20, 2024
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[Wang Son-taek] Exploded mines and approaching crisis
Following the battle of balloons between South Korea and North Korea with leaflets and trash, ominous scuffles are continuing in the Demilitarized Zone on the Korean Peninsula. According to a briefing by the South Korean Joint Chiefs of Staff on Monday, dozens of North Korean soldiers were killed or injured when landmines exploded around the border. Separately, dozens of North Korean soldiers crossed the Military Demarcation Line (MDL) and retreated to the north of the line after receiving
ViewpointsJune 20, 2024
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[Editorial] Party for one person
Last week, the prosecution indicted Lee Jae-myung, leader of the main opposition Democratic Party of Korea, without detention on suspicion of being involved in Ssangbangwool’s illegal payment of money to North Korea. It came days after the first-trial court had sentenced Lee Hwa-young, former vice governor of Gyeonggi Province, to nine years and six months in connection with the case. The case concerns allegations that Kim Sung-tae paid North Korea a total of $8 million at Lee Hwa-young&rs
EditorialJune 20, 2024
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[Editorial] Striking a balance
The Yoon Suk Yeol administration is now seeking to revise laws on property and inheritance taxes as part of efforts to lessen the tax burden on the public and companies, a policy direction that will meet the demands of many taxpayers, but there are concerns as to whether these policies are really needed given measures already taken. Sung Tae-yoon, director of national policy at the presidential office, appeared on a TV program Sunday where he stressed there was a need to overhaul or abolish the
EditorialJune 19, 2024
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[Sławomir Sierakowski] Real winners of European election
The way to defeat the populist far right, it seems, is to oppose it tooth and nail. Polish Prime Minister Donald Tusk can attest to that. Since ousting Poland’s populist Law and Justice (PiS) party from power last fall, he has been uncompromising in opposing the anti-democratic illiberalism that it represents. And in the European Parliament election, his Civic Coalition (KO) had the best performance of all major mainstream parties in the EU, securing a surprising 37.1 percent of the vote
ViewpointsJune 19, 2024
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[Kim Seong-kon] On the 74th anniversary of the Korean War
June 25 is the 74th anniversary of the Korean War. In 2050, The Korean War will be a century-old tragic disaster that devastated the Korean Peninsula in the mid-20th century. Sadly, it has already become “the forgotten war,” and by 2050, perhaps no one will remember it at all. Still, however, a question arises, “Will South Korea be safe and sound until 2050?” We certainly hope so. Yet, considering belligerent North Korea’s frequent provocations, we cannot ignore the
ViewpointsJune 18, 2024
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[Lee Byung-jong] Trash balloons and psychological warfare
After the end of the Cold War, the first president of the Czech Republic, Vaclav Havel, confessed that his lifelong fight against Communism and for democracy was inspired by propaganda broadcasting from the US government. As a dissident, poet and playwright, he spent a few hours every night listening to the Voice of America or Radio Free Europe that broadcast news and pop culture from the US and the West. Through those programs, he began to yearn for freedom and democracy. In fact, many experts
ViewpointsJune 18, 2024
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[Grace Kao] Trendz ‘glows’ toward global stage
I first saw Trendz -- Havit, Leon, Yoonwoo, Hankook, ra.L, Eunil, and Yechan -- outside of “Music Bank” and then “Show! Music Core” during their fan meetings in April 2023. I vividly remember their stage performances of “New Dayz.” They wore baseball uniforms at "Music Bank," so Yechan’s slide at the beginning of the song was especially cute. Besides, I loved the song. However, what was most remarkable was that all seven members not only spoke
ViewpointsJune 18, 2024
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[Editorial] Seek more opinions
The Korean Commercial Act stipulates that directors shall perform their duties in good faith for the interest of the company. Financial authorities seek to revise the act by adding shareholders in league with the company. The revision is meant to impose on directors the duty of working for the interest of shareholders as well as for the company. This step is part of the government’s “Corporate Value-Up” program aimed at boosting the Korean stock market. Lee Bok-hyun, governor o
EditorialJune 18, 2024
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[Editorial] Seek to avert chaos
A sense of fear is spreading among patients as doctors at major hospitals are set to go ahead with the planned walkouts in protest of the government’s decision to boost the medical school enrollment quota. With no sign of a breakthrough, concerns abound about how the government will respond to the ultimatum that the country’s biggest doctors’ group issued Sunday. Medical professors -- who also serve as senior doctors -- at four hospitals affiliated with Seoul National Universit
EditorialJune 17, 2024
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[Yoo Choon-sik] Labor market and domestic demand
Among numerous indicators used to measure a certain aspect or aspects of economic activities, labor market statistics are widely known for reflecting economic conditions belatedly compared to some other leading indicators such as sentiment indices. Moreover, labor data is one of the least dynamic indicators in South Korea due to the country’s rigid labor market structure. In contrast to countries with more flexible labor market structures, such as the United States, the unemployment rate i
ViewpointsJune 17, 2024
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[Wang Son-taek] Distorted myth of strong response
On the Korean Peninsula, military tensions have surged to another high. The tensions began to increase on May 10, when North Korean defector groups sent balloons with anti-North Korea leaflets from South Korea to the North. On May 28, the North sent hundreds of balloons filled with garbage, including excrement, and released a statement that mocked the same balloons as freedom of expression from the South and that balloons from the North are in violation of international law. On May 31, South K
ViewpointsJune 14, 2024
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[Robert Fouser] Seoul as a coffee capital
The other day, I was asked what comes to mind when I think of Seoul. I thought for a moment and answered: coffee. Great coffee is everywhere. Judging by the number of cafes, variety of flavors and level of consumption, Seoul has become one of the world’s biggest coffee capitals. How and why did Seoul become a great coffee city? Coffee arrived in Korea with imperialism in the late 19th century. Emperor Gojong loved coffee and often drank it at the Jeonggwanheon in at the palace Deoksugung.
ViewpointsJune 14, 2024
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[Editorial] Doing it right
South Korea’s financial authorities are now expected to ponder the timing of a rate cut in a more cautious way as the US Federal Reserve decided Wednesday (US time) to freeze the benchmark interest rates at between 5.25-5.5 percent for a seventh-straight time. The Fed’s decision came after fresh inflation data issued earlier in the day slightly moderated last month but still above its 2 percent inflation target. The US benchmark rates have been kept unchanged since July last year. Th
EditorialJune 14, 2024
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[Editorial] Prepare for earthquakes
A magnitude 4.8 earthquake struck near Buan, North Jeolla Province, early Wednesday, sending off alerts across the nation and causing minor property damage. Although no injuries were reported, the strong quake highlighted the need for tight, systematic preparations against tremor-related disasters. The temblor struck near the southwestern county at 8:26 a.m. at an estimated depth of 8 kilometers, according to the Korea Meteorological Administration. Firefighter and Interior Ministry officials sa
EditorialJune 13, 2024
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[Mariana Mazzucato, Giovanni Tagliani] Economic shortsightedness is jeopardizing Italy‘s G7 ambitions
On June 13-15, Italy will host the 50th G7 summit in Fasano. Ahead of the meeting, Prime Minister Giorgia Meloni’s government announced an ambitious Africa-centered development plan and invited the leaders of several African countries and the African Union to attend -- the largest number of representatives from the continent at a G7 summit since 2017. Meloni unveiled her Africa initiative, known as the Mattei Plan, at the Italy-Africa Summit earlier this year. It aims to establish internat
ViewpointsJune 12, 2024
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[Kim Seong-kon] What to do with ‘no kids zones’
“No kids zones” in South Korea have caught the attention of the foreign press lately. In Le Monde, for example, an article appeared with the title: “South Korea’s ‘no kids zones’ flourish in cafes and restaurants.” Some time ago, The Washington Post, too, reported on South Korea’s no kids zones in an article entitled, “Is it discrimination if you can’t bring your kids to a restaurant?” According to the Le Monde article, the low bi
ViewpointsJune 12, 2024
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[Editorial] Negative growth in 2040s
South Korea’s current economic performance is not spectacularly impressive, but it is not so bad in a way that heralds serious trouble -- at least for now. The long-term outlook, however, suggests that something dramatic should be done to avoid a crisis stemming from a shrinking workforce and the dearth of innovative products. The Korea Development Institute said Tuesday in a monthly report that the Korean economy was showing some signs of improvement in the strength of export growth, thou
EditorialJune 12, 2024
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[Career Compass] Craft yourself as a unique talent
With more than 23 years of experience, Dong Hyun (Ryan) Kim, senior director of Asia Pacific Regional Data and Analytics at the Coca-Cola Company, based in Singapore, is recognized as a global expert in his field. I met with him to hear about his career path. Q: You are a global expert in data and analytics. What is data and analytics? A: Simply put, it enables faster and better decision-making, which ultimately leads to better in-market execution. Companies typically have three core business
ViewpointsJune 11, 2024
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[Editorial] Seek ways to defuse tensions
As North Korea continued to send trash-carrying balloons across the border, South Korea resumed the loudspeaker propaganda broadcasts Sunday, signaling escalating tensions on the Korean Peninsula. Although the smelly and noisy campaigns in recent weeks are not deadly clashes, the pace of the tit-for-tat exchanges is fast enough to raise serious security concerns. Despite Seoul’s repeated warnings, Pyongyang keeps sending waste-loaded balloons. South Korea’s military said Monday that
EditorialJune 11, 2024