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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Seoul to host winter festival from Dec. 13
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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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N. Korea, Russia court softer image: From animal diplomacy to tourism
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[Today’s K-pop] Blackpink’s Jennie, Lisa invited to Coachella as solo acts
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Smugglers caught disguising 230 tons of Chinese black beans as diesel exhaust fluid
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Korean Air offers special flights for mileage users
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Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
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[Kim Seong-kon] Demagogy ruins our friendship with neighbors
John F. Kennedy once said, “Geography has made us neighbors. History has made us friends. Economics has made us partners, and necessity has made us allies. Those whom God has so joined together, let no man put asunder.” Indeed, no one can force us to change such a God-given situation. Having a good neighbor is crucial for having a peaceful life. On the contrary, a bad neighbor is like a recurring nightmare that you have to suffer and endure every day. Therefore, what kind of a neigh
ViewpointsJuly 19, 2023
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[Chris Edelson] Surreal prospect of Trump's reelection
In the wake of Donald Trump’s federal indictment, the former president remains legally eligible to run again -- even if he is convicted, and even (bizarrely) if he is incarcerated, which is unlikely to occur before the election. In a functioning, healthy democracy, Trump would be denied the Republican Party’s nomination. GOP elites would stand together to reject his candidacy and rally behind a nominee who is not facing criminal prosecution related to willful retention of classified
ViewpointsJuly 19, 2023
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[Editorial] Household debt issue
South Korea’s household debt is growing at an alarming pace amid lingering concerns about financial risks that might shoot up depending on a combination of internal and external factors. The debt service ratio, or DSR, for households in Korea stood at 13.6 percent last year, the second-highest among 17 major countries, the Bank of International Settlements said in a report. Australia ranked first with 14.7 percent DSR. The DSR is used as a metric by lenders and borrowers to measure the pro
EditorialJuly 19, 2023
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[Howard Davies] Buffer madness
Speaking at this summer’s European Central Bank Forum in Portugal, Gita Gopinath, the International Monetary Fund’s first deputy managing director, set out what she described as “Three Uncomfortable Truths for Monetary Policy.” But it was the speech itself that often made for awkward listening. Gopinath’s first truth was that “inflation is taking too long to get back to target” and that “sustained high inflation makes bringing down inflation more d
ViewpointsJuly 18, 2023
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[Andrew Sheng] The promises and perils of the tech war
How well or badly is the US-China chip war going? After the Biden administration announced its industrial strategy to revitalize domestic manufacturing, create jobs, strengthen American supply chains and accelerate future industries, the CHIPS and Science Act of 2022 will give as much as $280 billion over the next decade to support US semiconductor chip industry. Goodbye free markets, hello industrial policy. The outcome of the US-China rivalry hinges on the technology edge and how to use such t
ViewpointsJuly 18, 2023
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[Editorial] Quick fix won't work
The damage from the weekend's torrential rain is enormous across the country. A dayslong downpour brought mountain slopes crashing down on houses. Swollen rivers burst their banks, inundating villages and farmland. A multipurpose dam overflowed. Regular train services were interrupted. There has been huge property damage, but above all, many people lost their lives. According to the Central Disaster and Safety Countermeasures Headquarters of the Ministry of the Interior and Safety, 41 peopl
EditorialJuly 18, 2023
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[Peter Singer] The coming disruption of animal production
One day, we may look back on 2023 as the year when it became apparent that the gigantic industry of raising animals for food was heading the same way as the industry that for most of the 20th century dominated how we record and store images. Is this year the equivalent, for animal production, of 1989, when the first digital camera aimed at the general public was launched? There are signs that it might be, starting with the Israeli Ministry of Health’s approval, in April, of a dairy produc
ViewpointsJuly 17, 2023
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[Editorial] Medical workers’ strike
Unionized medical workers ended their two-day strike Friday, a relatively brief walkout. However, it caused operational disruption at hospitals and much inconvenience to patients across the nation, showing how much damage such a strike could generate -- even in a short period of time. After all, hospitals play crucial roles of treating and saving people in their local communities. Massive disruptions started by a walkout could delay surgical operations and emergency treatment, putting innocent p
EditorialJuly 17, 2023
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[James Stavridis] NATO's Arctic windfall: Finland, Sweden
In the wake of Finland’s and Sweden’s accession to the North Atlantic Treaty Organization, the alliance can take a well-deserved victory lap. I commanded troops from both nations in Afghanistan, and Swedish forces in the Libyan campaign of 2011. The countries have professional and motivated personnel equipped with superb technology systems, from advanced fighter jets to stealthy naval corvettes. This spells trouble for Russian President Vladimir Putin’s military, already much d
ViewpointsJuly 17, 2023
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[Nani Jansen Reventlow] Righting imperialism's wrongs
At long last, European countries have begun to grapple with their colonial legacies. In the Netherlands, the government has issued an apology for the country’s role in the global slave trade, and the king has “asked for forgiveness.” The United Nations Special Rapporteur on the Rights of Indigenous Peoples has urged Denmark to “address the negative impacts” of its colonization of Greenland. And in the United Kingdom, media outlets, the Church of England, and cities
ViewpointsJuly 14, 2023
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[Editorial] Boost nuclear energy
The government expressed its intention to construct new nuclear power plants. Minister of Trade, Industry and Energy Lee Chang-yang said in the 29th meeting of the Energy Committee on Monday that it is necessary to consider expanding capacity to supply nuclear energy and hydrogen to meet the increasing demand for electric power. The Yoon Suk Yeol administration scrapped the previous Moon Jae-in administration's policy, which was to phase out nuclear energy in favor of transitioning more rap
EditorialJuly 14, 2023
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[Carl P. Leubsdorf] Dangerous criticisms of Biden
Despite differences on abortion and Ukraine, most members of the large Republican presidential field have generally followed former President Donald Trump’s lead in roundly condemning President Joe Biden. While some of that criticism is justified -- his difficulty in taming inflation, or his mishandling of Afghanistan, for example -- some is not. And the most dangerous example of mistaken Republican Party condemnation of Biden is the continuing assertion that the current administration i
ViewpointsJuly 13, 2023
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[Wang Son-taek] Another scenario for Fukushima wastewater problem
Japan's discharge of contaminated water from the Fukushima nuclear plant seems imminent. As the International Atomic Energy Agency reported that the discharge plan meets safety standards, the only thing that remains is Japanese Prime Minister Fumio Kishida’s decision on the discharge date. Some Japanese media are predicting the release in August. The prospect that the Japanese government will push ahead with the release underscores the IAEA's final report. It is also a boon for
ViewpointsJuly 13, 2023
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[Editorial] Absence of oversight
The National Election Commission, whose reputation suffered a serious setback over a nepotism dispute in recent months, is now in hot water again as a new inspection has revealed different types of irregularities. The Board of Audit and Inspection conducted a regular inspection and announced Monday that 128 employees of the election watchdog violated the country’s anti-graft law by misusing taxpayer money. The audit shows that some NEC committees did not pay the non-permanent commissioners
EditorialJuly 13, 2023
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[Yuliya Tymoshenko] What Ukraine brings to NATO
This week, almost every Ukrainian will be looking longingly toward Lithuania’s capital, Vilnius. It is there, at the summit of NATO’s leaders, that our place in Europe and the West will begin to be decided. Although virtually all Ukrainians dream of NATO membership, the brutal fighting in which we have been forced to engage since Russia invaded our country nearly 18 months ago has taught us hard lessons in realism. So, we are well aware that making our NATO dream a reality will be
ViewpointsJuly 12, 2023
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[Kim Seong-kon] Asian students in affirmative action controversy
History will remember 2022 and 2023 as pivotal times when the US Supreme Court overturned two monumental legal precedents in America: women’s abortion rights and affirmative action. Conservatives say that times have changed now and we no longer need the two. However, liberals worry that America has become hopelessly conservative due to the justices appointed by former President Donald Trump. The 2022 decision of the US Supreme Court that reversed the famous 1973 Roe v. Wade case that dec
ViewpointsJuly 12, 2023
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[Editorial] Signs of insolvency
Jitters over a run on the Korean Federation of Community Credit Cooperatives, also known as MG Community Credit Cooperatives, are showing signs of calming down. Withdrawals subsided and many of those who rushed to withdraw savings are redepositing them. According to an inter-agency response team, deposit withdrawals from KFCC turned to a downward trend on July 7. They shrank about 1 trillion won ($765 million) from a day earlier. Demand for deposit withdrawal came to a lull about 10 days after i
EditorialJuly 12, 2023
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[Jean Guerrero] US top court waging war on youth
The Supreme Court's right-wing majority seems to be declaring war on young people. In recent days alone, the court has halted affirmative action in colleges, derailed student loan debt forgiveness and approved discrimination against LGBTQ+ couples in certain cases. The conservative justices seem hellbent on making the country a more hostile place for Gen Z and millennials, the most diverse voters in terms of race, ethnicity, gender identity and sexual orientation. Many young people see in
ViewpointsJuly 11, 2023
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[Stephen Mihm] How Titanic became a money-making scheme
The ill-fated passengers who died trying to visit the wreck of the Titanic paid an extraordinary price for the privilege: $250,000 each. This is hardly surprising, given how many people view the story of the doomed ship with intense, if morbid, fascination. While it’s tempting to blame James Cameron for this state of affairs, that’s not quite right. Our obsession with the Titanic tragedy, along with monetizing it, has far deeper roots. Even as the corpses of those who died in the tra
ViewpointsJuly 11, 2023
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[Editorial] Flawed telecom policy
The Ministry of Science and ICT on Thursday unveiled a set of plans aimed at lowering mobile subscription fees and increasing competition in the telecom market. One key measure is to allow a fourth carrier to enter the mobile telecom market dominated by three players -- SK Telecom, KT and LG Uplus. With a new player in the fray, the government hopes competition among the carriers will intensify in a way that will lead to more affordable monthly subscription plans. The new plan of the ICT Ministr
EditorialJuly 11, 2023