Most Popular
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Industry experts predicts tough choices as NewJeans' ultimatum nears
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Jung's paternity reveal exposes where Korea stands on extramarital babies
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Seoul city opens emergency care centers
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Opposition chief acquitted of instigating perjury
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Samsung entangled in legal risks amid calls for drastic reform
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[Exclusive] Hyundai Mobis eyes closer ties with BYD
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[Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'
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[Herald Review] 'Gangnam B-Side' combines social realism with masterful suspense, performance
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Agency says Jung Woo-sung unsure on awards attendance after lovechild revelations
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Why S. Korean refiners are reluctant to import US oil despite Trump’s energy push
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[Editorial] Fixing flawed tax system
There is no doubt adjusting tax rates is a tricky task. If the rates are too high, the burden on companies and households will increase disproportionately in a way that can undermine economic activity. If the rates are too low, the government may struggle to secure enough funds for welfare and other essential state projects. As for South Korea’s tax system, taxes are too high on both companies and households. In particular, a growing number of middle-class households are hit by burdensome
EditorialNov. 25, 2022
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[Lee Kyong-hee] Muffled voices haunt the ‘Alley of Wailing’
Kim Ji-hyeon and Kim Hyeon-su were probably headed for marriage – but they decided to celebrate Halloween in Itaewon. An envelope for a cash wedding gift beside a drying stalk of white chrysanthemum implies the couple’s unfulfilled dreams. Post-it notes surround the tragic mementos, conveying the wishes of their family members. “Live happily in heaven. From Your Daddy, Mommy and Little Brother.” “Dear Hyeon-su, please take good care of Ji-hyeon. My beloved daughter,
ViewpointsNov. 24, 2022
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[Martin Schram] Searching for a new age of leaders
Someday, history’s chroniclers will label this November as the month when America’s political elites and also America’s just plain people of the left, center and right suddenly began trying to see beyond the horizon -- urgently hoping to discover their next generation of leaders. Looking right, we are seeing the Trumpers looking beyond Trump. Looking a bit to the left of them, we are seeing the Never Trumpers, Republicans who are still sane and patriotic; but now they are wonde
ViewpointsNov. 24, 2022
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[Editorial] Not the time to strike
Trade unions are going on the offensive, fanning concerns over a dismal outlook for the Korean economy and its weakening growth momentum. The Korean Confederation of Trade Unions announced on Tuesday that it will go on a general strike. Its demands to the government and the National Assembly are wide. They include the legislation of a special law on construction safety to root out fatal accidents on construction sites, the perpetuation and expansion of the "safe truck freight rates" sy
EditorialNov. 24, 2022
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[Kim Seong-kon] Things we miss when we reminisce about the past
There are things we miss very much when we reminisce about the past. For example, old people miss the days when they were young and healthy with infinite possibilities. When they were young, they were confident they could do anything, even though they were reckless at times. At that time, they were still innocent and untainted. Now old and withered, they now realize that simply being young was a beauty in itself. What else would old people want now, except for perennial youth anyway? We also m
ViewpointsNov. 23, 2022
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[Matt Pearce] Money can't buy you respect
Twitter has always been a weird place, but things have gotten more feral the last couple of weeks thanks to the service’s off-putting new owner, Elon Musk. A role model in the worst way, his trolling and despotic workplace practices have set the tone for a grass-roots insurrection inside the internet’s so-called town square. Let’s start with the users defiling the site with parodies of Musk and prominent corporations. It’s an obvious effort to monkey-wrench Musk’s e
ViewpointsNov. 23, 2022
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[Editorial] Startups and regulations
At a time when a solid startup ecosystem is playing a greater role in introducing new technologies and innovating services, South Korea still remains a tough market saddled with regulations even for local ventures, a recent report showed. On the surface, official figures regarding the Korean startup market don't look so bad. After all, the country runs the Ministry of SMEs and Startups, a state agency fully dedicated to nurturing startups in a way that helps the broader economy find a fresh
EditorialNov. 23, 2022
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ASEAN Korea Center promotes ASEAN game companies at G-Star
BUSAN — The ASEAN Korea Center (AKC) set up a pavilion for game companies from seven ASEAN countries to connect them with potential investors and customers who participated in G-Star, the largest gaming exhibition in Korea, which returned after a three-year hiatus due to the pandemic. At the pavilion, ASEAN companies presented business models, partnership possibilities, potential technologies and contact points for global operations. The venue also provided an opportunity for them to learn
Foreign AffairsNov. 22, 2022
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'Korea-Poland should take bilateral ties to next level'
South Korea and Poland have been building strong business ties, a high-ranking Polish official said, pointing to a recent massive defense equipment deal as an example. But the foundation of such cooperation should be political dialogue between the two governments, he said. Marcin Przydacz, deputy foreign minister of Poland, told The Korea Herald in a recent interview that it was strategic partnership between South Korea and Poland that has provided a base for defense, security and economic ties
Foreign AffairsNov. 22, 2022
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[Contribution] Hallyu set to revive in intellectual property
Hallyu, referring to the overseas popularity of Korean culture, has now become one of the biggest cultural phenomena across Asia and the globe. Historians, however, say that this Hallyu was even observed about 400 years ago in Southeast Asia during the Joseon Dynasty period in the history of the Republic of Korea. The star at the time was Scholar Lee Su-gwang (1563-1629) who wrote the supposed first Korean encyclopedia in the early 17th century. It is said that he once encountered an envoy from
ViewpointsNov. 22, 2022
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[James K. Galbraith] Think again about inflation and the Fed
Two days after the midterm elections in the United States, the Financial Times reported that US inflation has slowed, markets are “giddy,” and the Federal Reserve may now ease up on its interest-rate hikes. The timing was strategic, given that the push from oil prices ended in June, and that overall price changes have been low since July. With the election over, it seems, now it is safe to admit the facts. Just this past August, Harvard economist Jason Furman wrote that “underl
ViewpointsNov. 22, 2022
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[Editorial] Probe heading for Lee
Jeong Jin-sang, a vice chief of staff to the Democratic Party of Korea chairman Lee Jae-myung who is regarded as one of Lee's alleged two closest confidants, was detained by the prosecution Saturday. He is suspected of accepting 140 million won ($103,000) in bribes on six occasions from February 2013 to October 2020 from a small party of speculators including Kim Man-bae and Nam Wook in return for giving them an array of favors that enabled them to make astronomical returns from investing i
EditorialNov. 22, 2022
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2022 Asia 100 years Forum
SUSTAINABLE ASIAN COMMUNITY The Uzbekistan Embassy's deputy chief of mission, Zokir Saidov (third from left) and the Bangladesh Embassy’s First Secretary Samuel Murmu (left) attend the 2022 Asia 100 Years Forum held in Gwangju on Friday. Co-hosted by the Northern Economic and Cultural Center and The Korea Herald, the forum explored ways to cooperate in regional politics, economy, society, culture and environment with a vision of establishing a sustainable Asian community. Philippine
Foreign AffairsNov. 22, 2022
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[Sławomir Sierakowski] The rocket attack that wasn't
The rocket strike that killed two Poles near their country’s border with Ukraine on Nov. 15 proved to be a test not so much of defense policy as of the information policy of Poland, Ukraine, and NATO. Only the Americans passed. The European allies and Ukraine floundered, revealing a shocking lack of preparation for a scenario that could have been predicted almost from the beginning of the war. Poland is the largest country on NATO’s eastern flank and serves as the most important logi
ViewpointsNov. 21, 2022
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[Elizabeth Shackelford] Will US foreign policy change after the midterms?
Though foreign policy played no real role in the outcome of the midterm elections, that outcome matters for foreign policy. Friends and allies around the world are likely breathing a sigh of relief that the predicted red wave never crashed. Our partners around the globe have been pleased by President Joe Biden’s “America is Back” foreign policy, and all signs point to that direction continuing. Supporters of democracy the world over are also taking comfort in the fact that Dona
ViewpointsNov. 21, 2022
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[Editorial] NK’s ICBM tests
North Korea on Saturday released photos of its leader Kim Jong-un conducting an on-site inspection of the regime’s test-firing of a Hwasong-17 intercontinental ballistic missile, revealing new details about its dangerous missile game that continues to heighten tensions on the Korean Peninsula. According to Pyongyang’s state media Korean Central News Agency, the missile was launched from Pyongyang International Airport on Friday. The missile flew 999.2 kilometers in one hour, eight mi
EditorialNov. 21, 2022
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[Robert J. Fouser] US midterms mark return to stability
The midterm elections in the United States last week upended the political scene. The Republicans had expected to ride a wave of discontent to take control of both houses of the US Congress, but, after more than a week of counting votes, the Democrats remain in control of the Senate. The Republicans will end up with a paper-thin majority in the House of Representatives, not the large margin they had expected. What happened? Historically, the president’s party loses seats in both houses i
ViewpointsNov. 18, 2022
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[Editorial] Majority party's tyranny
The Yoon Suk-yeol administration proposed a total of 77 bills in the six months since its inauguration on May 10. None of them have passed the National Assembly. The opposition Democratic Party of Korea, with its 169-seat majority in the 300-seat National Assembly has put a brake on them. This is a legislative tyranny. The Yoon administration revised 19 tax codes to reduce the tax burden on the people and invigorate the private economy, and submitted them to the Assembly. But the Democratic Part
EditorialNov. 18, 2022
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[David A. Hopkins] Republicans’ underlying problems
Is it Dr. Mehmet Oz’s fault that the “red wave” expected by many Republicans didn’t materialize on Election Day? Did the Pennsylvania Senate candidate violate the physician’s Hippocratic Oath -- “first, do no harm” -- by inflicting severe damage to his own party’s electoral fortunes? You might think so, given the tenor of many post-election analyses. One of the main storylines of this year’s campaign has depicted a dramatic tension between
ViewpointsNov. 17, 2022
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[Kim Myong-sik] Lee Jae-myung’s fate hangs in the balance
“The prosecutors’ job is to protect the people from crimes. Only criminals fear the prosecution that does its job properly. “The true prosecution reform, the real reform of criminal justice system is to establish a just law enforcement system to deal sternly with socially powerful people. There are countries on the earth that can do so and countries that cannot, but the Republic of Korea should be one that can do it. Because the Koreans are great people who have achieved indu
ViewpointsNov. 17, 2022