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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Nationwide rail disruptions feared as union plans strike from Dec. 5
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Blackpink's solo journeys: Complementary paths, not competition
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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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Actor Song Joong-ki welcomes second child in Rome
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Main opposition pushes to ease, not postpone, tax on crypto gains
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[Editorial] Global chips race
With the US and Japan pulling out all the stops to reclaim global leadership in semiconductor manufacturing, South Korea risks losing its competitive edge in chipmaking if it doesn’t speed up deregulation and innovation. US Commerce Secretary Gina Raimondo said last week the US would need a second CHIPS Act if it wants to “lead the world” in the semiconductor supply chain and meet demand from artificial intelligence technologies. The CHIPS and Science Act, signed by US Presiden
EditorialFeb. 26, 2024
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[Robert J. Fouser] Turning Seoul’s dead streams into parks
Ask former residents of Seoul, Korean and foreign alike, what they miss most about the city, many will cite the mountains in and around the city. Indeed, few major cities of Seoul’s size have as many accessible mountains as Seoul. But Seoul has another important natural feature: streams. The streams may not be as flashy as the mountains, but in recent years they have played an important role in improving the quality of life in the city. One of the most accessible and popular streams is t
ViewpointsFeb. 23, 2024
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[Editorial] Deepfake risks in election
Threats of "deepfake" videos and photos are mounting ahead of South Korea’s parliamentary election slated for April 10, posing a serious challenge to both election watchdog officials and voters as forged content is easy to make and circulate thanks to the fast-evolving artificial intelligence capabilities. The National Election Commission said Monday it caught 129 deepfakes in violation of the election laws between Jan. 29 and Feb. 16, a significant number that deserves public at
EditorialFeb. 23, 2024
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[Wang Son-taek] Pyongyang-Tokyo talks a two-edged sword
North Korea and Japan are not hiding signs that they recently had behind-the-scenes talks on a possible summit. While the so-called new Cold War structure is being discussed and worries about the potential war breaking are spreading, interest is increasing rapidly in whether the contact between North Korea and Japan could be a critical event that can change the dynamics of Northeast Asia. It remains to be seen whether the two parties can hold a summit, as there are many obstacles. The most signi
ViewpointsFeb. 22, 2024
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[Martin Schram] A week of Valentines and courtship
One way or another, Valentine’s Day week seemed mostly consumed with the complicated courtships of Donald Trump. Anchors with famous faces spent most of the week pinballing between Trump’s criminal and civil cases in courthouses in New York City, Washington, DC, Atlanta and south Florida. They kept us up-to-the-minute on the maneuverings involving 91 charges contained in the four indictments involving America’s 45th president. They include criminal cases focusing on Trump&rsquo
ViewpointsFeb. 22, 2024
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[Editorial] Get to the specifics
More than 9,000 trainee doctors at hospitals across South Korea have offered to resign or have stopped working in protest of the government’s plan to increase the annual medical school freshman quota by 2,000. As a result, between 30 and 50 percent of surgeries have been postponed at the nation's five largest hospitals. The Ministry of Health and Welfare has issued orders for over 6,000 interns and residents to return to work, and plans to take administrative action such as revoking t
EditorialFeb. 22, 2024
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[Editorial] Poor investment decisions
The financial risks prompted by the slowdown of the commercial real estate market in the US and elsewhere are now spilling over to South Korean banks at a worrying pace, suggesting that they are likely to incur great losses, partly due to their poor investment decisions. According to data from the office of Rep. Yang Kyung-sook of the main opposition Democratic, the country’s top five financial groups -- KB Kookmin, Shinhan, Hana, Woori, NH NongHyup -- invested a total of 20.38 trillion wo
EditorialFeb. 21, 2024
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[Kim Seong-kon] We should prepare for the worst-case scenario
Watching the deplorable, childish skirmishes between our politicians these days, experts on the Korean Peninsula wonder if South Koreans are sufficiently aware of their precarious situation in the vortex of unparalleled international crises. If they were, our politicians would not indulge in such pathetic political scuffles, while the future of their country is nebulous at best. In the late 19th century, our ancestors were neither good at reading international change nor at foreseeing what lay a
ViewpointsFeb. 21, 2024
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[Nabil Ahmed] Cracks in the New Gilded Age
The past 12 years have been extremely good for the ultra-rich. The fortunes of billionaires -- a group comprising the 2,640 wealthiest people on the planet, most of whom are men -- has more than doubled. The wealth gap between the top 0.01 percent and the bottom half of the world’s population has increased by 50 percent since the 2008 global financial crisis. The aftermath of COVID-19 and the war in Ukraine have been particularly lucrative for the ultra-wealthy as they reaped an enormous w
ViewpointsFeb. 20, 2024
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[Harry Litman] How verdict will hit Trump empire
Over the course of an 11-week fraud trial before New York Justice Arthur Engoron, Donald Trump practically begged for a harsh verdict. On Friday, he got his wish and then some. Engoron issued a scathing 92-page decision that ordered Trump and his co-defendants to pay $364 million for defrauding the people of New York. And that gargantuan figure actually understates the price tag: With the addition of prejudgment interest required under New York law, Trump is looking at closer to $500 million. Co
ViewpointsFeb. 20, 2024
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[Editorial] Hands off the mouth
The Presidential Security Service has done it again. It looks worse this time, and they should come up with a better response to hecklers -- because there will be more. It happened when President Yoon Suk Yeol was giving a speech at the graduation ceremony of the Korea Advanced Institute of Science & Technology in Daejeon on Friday. A man in a graduation cap and gown stood up from the audience and began yelling that Yoon should restore the state budget for research and development, which the gov
EditorialFeb. 20, 2024
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[Editorial] Lethal collision course
The conflict between the Yoon Suk Yeol administration and doctors over the plan to increase the medical school enrollment quota is expected to intensify Monday as doctors are scheduled to take collection action the next day. An escalation in the clash came after the Ministry of Health and Welfare announced that it would increase the medical school freshmen quota by 2,000 next year -- a drastic increase from the current 3,058 seats -- as part of efforts to resolve chronic shortages of doctors in
EditorialFeb. 19, 2024
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[Jieun Kiaer] Will translation still be necessary in the AI age?
"Once you overcome the one-inch-tall barrier of subtitles, you will be introduced to so many more amazing films." At the 2020 Golden Globes award ceremony, Bong Joon-ho, director of the internationally successful film Parasite, spoke of the one-inch barrier. The one-inch barrier refers to the hurdle of Western, English-speaking audiences when they are faced with watching foreign language films. However, the one-inch barrier that Bong talks about might already belong to the past, now th
ViewpointsFeb. 19, 2024
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[Yoo Choon-sik] South Korea’s value-up program and its true goals
South Korean stock prices have been on an unexpectedly strong rally in the past several weeks, even without any significant changes to the generally bleak macroeconomic and corporate earnings prospects, and despite the global geopolitical situation deteriorating further. Market players and commentators broadly attribute the rally to growing hopes among investors that the Yoon Suk Yeol administration’s so-called corporate value-up program, centering around possible requirements on companies
ViewpointsFeb. 19, 2024
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[Andreas Kluth] Ditch the ‘Rules-Based International Order’
People have laid down their lives for love, freedom, justice, the fatherland and more. But nobody has ever died clutching the banner of the Rules-Based International Order. It’s time to junk that cliche, and replace it with something more fitting. That’s not only because the term is an Orwellian linguistic atrocity with all the emotive oomph of a Powerpoint slide. It’s also a shibboleth that, when used by American diplomats in particular, makes US foreign policy look hypocritic
ViewpointsFeb. 16, 2024
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[Editorial] Trump risk at large
South Korea faces a plethora of risks this year, and among the most chilling is Donald Trump’s probable election as US president. Given his history as US president from 2017-2021, the gist of his foreign policy is clear: America will cut its spending on collective defense with its allies, unless they significantly increase their share of the funding. This will likely include less military drills with South Korea and Japan. During a campaign rally last Saturday, Trump complained about what
EditorialFeb. 16, 2024
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[Tobias Bunde, Sophie Eisentraut] No one wins in a lose-lose world
If the international community was ever on track toward a more peaceful and just global order, it was during the early post-Cold War years. While global governance was not free of flaws, the risk of a great-power war seemed low, and poverty was declining. Moreover, the initial results of summits dedicated to promoting development and safeguarding the environment raised hopes for breakthrough solutions to humanity’s most pressing problems. But geopolitical tensions and economic uncertainty
ViewpointsFeb. 15, 2024
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[Editorial] Fast-paced AI race
The South Korean government seems to be aware that artificial intelligence increasingly plays a crucial role in diverse technology sectors and it is imperative to invest more in related industries through research and development. In a sign of its awareness, the Ministry of Science and ICT focused on digital transformation and job creation through AI initiatives Tuesday when it unveiled its major yearly plans for this year. As with other state-run policies with budget limitations, however, the S
EditorialFeb. 15, 2024
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[Editorial] A third party
A whirlwind merger among different political parties ahead of the general elections is nothing new in South Korea, but it reached a whole new level this time. Former leaders of the two main parties who are miles apart on the ideological spectrum teamed up amid growing voter disorientation with the rival parties. Four parties and factions led by lawmakers who recently quit the ruling People Power Party and the main opposition Democratic Party of Korea agreed to unite as a single party over the Lu
EditorialFeb. 14, 2024
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[Kim Seong-kon] ‘If I were born in the 1930s’
There is a trend in Korean social media lately, called “If I were born in the 1930s,” which has tremendous popularity among young people. Artificial intelligence draws your portrait in elegant 1930s-style suits or dresses with stylish hairdos and hats, which obviously appeals to Korean young men and women who are fond of fashionable trends. Ostensibly, nothing seems to be wrong with it. Yet, Koreans in their eighties and nineties may frown because of what the 1930s means in our his
ViewpointsFeb. 14, 2024