Most Popular
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Seoul blanketed by heaviest Nov. snow, with more expected
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NewJeans to terminate contract with Ador
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NewJeans terminates contract with Ador, embarks on new journey
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Seoul snowfall now third heaviest on record
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Korean Air gets European nod to become Northeast Asia’s largest airline
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Samsung shakes up management, commits to reviving chip business
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Hybe consolidates chairman Bang Si-hyuk’s regime with leadership changes
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Heavy snow of up to 40 cm blankets Seoul for 2nd day
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Chaos unfolds as rare November snowstorm grips Korea for 2nd day
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BOK makes surprise 2nd rate cut to boost growth
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[Christine M. Flowers] Attack on Scalise was a hate crime
I just got finished writing a column about how the internet is vile and vicious and people have become poisonous vipers in the privacy of their basements. It was in direct reaction to the blowback I received this week to my Bill Cosby essay, which, as my editor noted “broke the internet.”I think she gives me too much credit, because I have it on good authority that the internet is like the child-proof seal on over-the-counter medicine and can never be broken, but I appreciate the shout-out.And t
June 19, 2017
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[Michael Schuman] Has Asia learned from the 1997 crisis?
Kim Dae-jung, the former president of South Korea, once told me a story that perfectly captures the spirit of reform that followed the 1997 Asian financial crisis. He was on an official trip to Vietnam when a panicked visitor from Seoul sought an audience. It was Kim Woo-choong, the flamboyant founder of Daewoo Group, then Korea’s second-largest business house. Over breakfast in Hanoi, the businessman said his companies were spiraling toward financial ruin and begged the president for help.In th
June 18, 2017
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[Park Sang-seek] North Korea and Syria: Two evil states
North Korea and Syria are two powder kegs in the world at the moment. By comparing these two states we may be able to find solutions to the two crises.The North Korean crisis is directly related to the division of Korea into two separated states by the Allied Powers in World War II in 1945, whereas the Syrian crisis was touched off by a domestic democratic movement influenced by the Arab Spring in 2011. The main cause of the North Korean crisis is the North Korean regime’s complete distrust and
June 18, 2017
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[David Ignatius] When there’s a family quarrel in the Middle East, ‘let Rex handle it’
The sudden embargo on Qatar pushed this month by the United Arab Emirates and Saudi Arabia has peeved the State Department and Pentagon, drawing sharp criticism of those two close Gulf allies.The Qatar flap has also opened a fascinating window on the inner workings of the Trump administration’s foreign policy. It’s a rare instance in which Secretary of State Rex Tillerson, the quiet man in the Trump team, appears to have convinced the president to back off his initial course and, as a White Hous
June 18, 2017
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[Noah Smith] The robot takeover is greatly exaggerated
There’s lots of fretting these days that automation will displace huge numbers of workers. It makes sense to be worried. Although adoption of machines in the past didn’t make human labor obsolete, there’s no guarantee that future technology will work the same. Maybe this is an issue in the long-term, but for now, at least, automation probably isn’t taking away many jobs.To hear me confidently declare that may come as a surprise to some, given the steady flow of articles sounding the alarm about
June 18, 2017
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[Bernard-Henri Levy] Emmanuel Macron and the post-revolutionary idea
No, Parisian voters are not “vomitatious,” as the pathetic Henri Guaino proclaimed Monday after losing his seat in the National Assembly. Staying home from the polls, which we have been told for 30 years benefits the National Front, cannot now be used to explain the surge of La Republique en Marche!, French President Emmanuel Macron’s new political party. And no, Macron is not beginning a dictatorial career at 39, any more than Charles de Gaulle did at 67.In short, pretty much nothing said about
June 18, 2017
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[Other view] How Asia can take the lead on climate
Ever since the US announced its withdrawal from the Paris agreement, China and India have been hailed for firmly recommitting to the global emissions pact. The praise is fair: It’s good that two of the world’s three biggest greenhouse-gas emitters have renewed their promise to act. But if they really hope to lead on climate, they’ll have to be more ambitious.Both countries were climate laggards until recently, prone to blaming the West for rising concentrations of greenhouse gases. Now they’re g
June 18, 2017
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Is US ready for another Russian hacking?
Let’s put aside for a moment the question of whether anyone connected to President Donald Trump colluded with Russia in its attempts to hack the 2016 election. Let’s not get into an argument about whether the effort changed any votes, not to speak of the outcome. Let’s not even worry about whether Vladimir Putin himself was involved. The fact is, the hacking was massive, sophisticated and far more widespread than previously thought. According to a new report from Bloomberg, hackers broke into th
June 16, 2017
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[Michael Pettis] Can China really rein in credit?
China’s regulators, it seems, are on the attack. Guo Shuqing, chairman of the China Banking Regulatory Commission, announced recently that he’d resign if he wasn’t able to discipline the banking system. Under his leadership, the CBRC is stepping up scrutiny of the role of trust companies and other financial institutions in helping China’s banks circumvent lending restrictions.The People’s Bank of China has also been on the offensive. It has recently raised the cost of liquidity, attacked riskier
June 16, 2017
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[David Ignatius] Trump would be wise to ignore his friends and leave Mueller in place
Forewarned is forearmed. So perhaps the country is lucky that President Trump’s allies have floated the possibility that he might fire special counsel Robert Mueller. This speculation allows citizens to reflect on the consequences of such an action.Trump has already taken the country to a darker place than even his sharpest critics would have imagined six months ago. He has brought to the White House the values of a failed Atlantic City casino owner turned reality-TV star. We don’t have to belie
June 15, 2017
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[David Shambaugh] China rethinks its global role in the age of Trump
In his short time in office, President Donald Trump has done a good job of making China great again. His isolationist rhetoric and unilateral actions -- such as pulling out of the Paris climate accord and the Trans-Pacific Partnership -- have made it much easier for China to advance its claim to global leadership, as dismayed US allies and partners proclaim that the US can no longer be “completely depended on,” as German Chancellor Angela Merkel put it. In stark contrast to Trump, China has reaf
June 15, 2017
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[Tyler Cowen] Economists’ view of Qatar cutoff is a little scary
Experts on international relations typically approach foreign affairs using different tools than economists use. The analysts -- with their knowledge rooted in a deep study of a particular country or region -- deploy complex, interdisciplinary models with many moving parts and less formalism. Economic models of foreign policy are more likely to assume some kind of rational behavior, use more game theory and treat the capture of wealth as a significant political end.Suffice to say, economic model
June 15, 2017
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[Satyajit Das] The old are eating the young
Edmund Burke saw society as a partnership between those who are living, those who are dead, and those who are yet to be born. A failure to understand this relationship underlies a disturbing global tendency in recent decades, in which the appropriation of future wealth and resources for current consumption is increasingly disadvantaging future generations. Without a commitment to addressing this inequity, social tensions in many societies will rise sharply.Central to the issue is that the rapid
June 15, 2017
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[Philippe Aghion & Benedicte Berner] How Macron keeps winning
Emmanuel Macron’s one-man revolution in French and European politics continued this weekend, as he will soon be able to add a huge parliamentary majority to his cause, if the results from the first round of the French parliamentary election hold. Such an outcome appears to be very likely.Eliminating the old “right-left” divide in French politics by uniting “reformists” of the left, the right, and the center, was the challenge that Macron set for himself when he created his En Marche! movement in
June 15, 2017
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[Other view] Open protest against Putin is notable
Demonstrations in the streets of Russian cities and towns Monday, directed against the rule and culture of President Vladimir Putin, contradicted the image and role of him and his government in recent relations with the United States.The demonstrations were allegedly directed against Putin and the corruption and heavy-handed nature of his rule. He has been in power since 1999.They were allegedly directed by Putin’s best-known, relatively youthful opponent, Aleksei Navalny. On Monday he was promp
June 15, 2017
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[Andrew Sheng] Remembering July 1997
Was it only 20 years ago that we were at the Convention Center in Hong Kong celebrating the return of Hong Kong to China on July 1, 1997? The night before, in searing rain that disguised the tears of many colonials, we watched the last Gov. Chris Pattern sail away from Victoria Harbor. The next day, as the impeccably white-gloved Chinese People‘s Liberation Army soldier unfurled China’s national flag to signal the creation of the Hong Kong Special Administrative Region, I recall thinking what De
June 14, 2017
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[James Kirchick] Britain’s election demonstrates perils of too much democracy
In this social media age, when every minutia of our lives can be voted thumbs up or down, the notion of there being “too much democracy” offends modern sensibilities. So conditioned are we to exalt individual choice that anyone who suggests certain policy decisions are best left to elected representatives (or -- gasp -- experts) risks the accusation of being a dread “elitist.”But Britain’s election last week reminds us that there is, in fact, such a thing as too much democracy.That some things s
June 14, 2017
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[Adam Minter] China’ skyscraper age is over
At more than 600 meters, Shanghai Tower is the world’s second-tallest building. It looms over its neighbors -- the world’s ninth and 19th tallest buildings -- in a supercluster of supertall structures unlike any other in the world. The only problem? Finding people to work there: Only 60 percent of Shanghai Tower is rented out, and only a third of current tenants have actually occupied their leased space.In this sense, Shanghai Tower signifies the end of an era. Its plight suggests some major cha
June 14, 2017
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[Jonathan Allen] Trump should admit his actions were wrong
Perhaps President Donald Trump didn’t technically obstruct justice when he fired James Comey, the FBI director who was investigating his associates and campaign. Maybe he did.Either way, Trump’s actions were scandalous. The US Congress and the American public should expect a higher standard of conduct from the American president than the bare-minimum bar of “it wasn’t technically illegal.”Comey, who at the time was the nation’s top criminal investigator, decided to take notes after his unusually
June 14, 2017
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[Other view] Harvard unaccepts: The Ivy League school rejects for online awfulness
It’s amazing that 10 high school seniors smart enough to get into Harvard were also dumb enough to join a Facebook chat group called “Harvard memes for horny bourgeois teens.” According to the Harvard Crimson and other published reports, at least 10 acceptance letters for the Class of 2021 were rescinded after admissions investigated a tip that some incoming students were exchanging disturbing memes and images in a private Facebook chat room. One can safely assume that the 10 now-uninvited stud
June 14, 2017