Most Popular
-
1
Jung's paternity reveal exposes where Korea stands on extramarital babies
-
2
Samsung entangled in legal risks amid calls for drastic reform
-
3
Heavy snow alerts issued in greater Seoul area, Gangwon Province; over 20 cm of snow seen in Seoul
-
4
[Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'
-
5
Agency says Jung Woo-sung unsure on awards attendance after lovechild revelations
-
6
[Health and care] Getting cancer young: Why cancer isn’t just an older person’s battle
-
7
Prosecutors seek 5-year prison term for Samsung chief in merger retrial
-
8
K-pop fandoms wield growing influence over industry decisions
-
9
Korea's auto industry braces for Trump’s massive tariffs in Mexico
-
10
[Graphic News] International marriages on rise in Korea
-
[William Pesek] A story of hubris run amok
The lesson from recent economic data and policy moves in Asia is this: Hubris still has its costs. In recent years, Asia believed its own press a little too much. The way it steered around the financial crisis of 2008, the dizzying stock gains, the migration of bankers from New York to Hong Kong and the region’s mergers-and-acquisitions binge were all interpreted as immutable signs of Asia’s economic arrival. Decoupling-from-the-West euphoria flooded emerging markets in general. The BRIC economi
July 18, 2012
-
The narrowness of the Olympic ideal
Looking ahead to the Olympics this month, Adam Gopnik cleverly writes in The New Yorker that “Americans become passionate about athletes we have never heard of participating in games we do not follow trying to please judges we cannot see according to rules we do not know.”Gopnik sees this fascination bred by nationalism. But within American culture, we should also be attuned to the narratives of individual excellence that dominate coverage of the Olympics. These narratives extol the virtue of si
July 17, 2012
-
[Daniel Fiedler] Open primaries are for legislatures
As the 2012 presidential election season in South Korea heats up a major dispute is brewing over the process by which the political parties will select their presidential candidates. Many of the less popular candidates have argued for opening up the candidate selection process to all voters in a thinly veiled attempt to improve their abysmal chances. However, this proposal for an open primary process has been rejected by the leading candidates due to concerns of fraud and opportunistic voting by
July 17, 2012
-
Time to stop bullying the ‘soft’ sciences
Once, during a meeting at my university, a biologist mentioned that he was the only faculty member present from a science department. When I corrected him, noting that I was from the Department of Psychology, he waved his hand dismissively, as if I were a Little Leaguer telling a member of the New York Yankees that I too played baseball.There has long been snobbery in the sciences, with the “hard” ones (physics, chemistry, biology) considering themselves to be more legitimate than the “soft” one
July 17, 2012
-
Korean unification talks: More than just six parties
On July 20, the Korea Institute for National Unification and the Korean Political Science Association will hold a joint forum Korean Unification from an International Perspective. The forum is unique in being one of the few efforts to draw in perspectives on Korean unification beyond the participants of the long stalled six-party talks. It may seem logical that the participants in the six-party talks take center stage in any forum on the Korean Peninsula. China, Japan, Russia, and the United Sta
July 17, 2012
-
[Kim Seong-kon] Haunted by phantom of the past
South Korea is a country where evil specters of the past are constantly reappearing during the election season. When the Roh Moo-hyun administration was launched in 2002, for example, radical leftist politicians attempted to shut down Seoul National University as if the first-rate university was the axis of evil. Similarly, a high-ranking member of the Democratic United Party recently declared that if his party won this year’s presidential election, he would abolish Seoul National University as
July 17, 2012
-
Bringing capital controls under control
Until recently, respectable opinion frowned on all barriers to money flowing across borders. Today, the old thinking has been overturned. Sometimes, it’s agreed, capital controls are necessary. The old consensus was wrong and won’t be missed. The new view, however, lacks clarity and, when it comes to application, effective oversight. Capital controls may sometimes be necessary ― but they are always dangerous and open to abuse. These policies need to be better considered and more carefully superv
July 16, 2012
-
[David Ignatius] Neurotic U.S.-Pakistan relationship
WASHINGTON ― Why did it take Washington nearly eight months to apologize for the deaths of 24 Pakistani soldiers? But you know the answer: It’s because the U.S. and Pakistan have the most neurotic, mutually destructive “friendly” relationship in the world. Secretary of State Hillary Clinton finally said the magic words in a July 3 phone call with her Pakistani counterpart: “We are sorry for the losses suffered by the Pakistani military.” A tepid apology, but enough that the Pakistanis agreed to
July 16, 2012
-
Boots were made for talking, about who we are
If you have been reading newspapers or websites, listening to the radio or watching TV over the past few weeks, you have probably heard the news: “You CAN judge a person by his shoes.” Beginning in mid-June, word of a psychology article titled “Shoes as a source of first impressions” began circling the globe. Describing an experiment by researchers from the University of Kansas and Wellesley College, many reports declared that shoes alone reveal just everything about the wearer’s personality. “O
July 16, 2012
-
Embracing detente: Korea-Japan relations
The relationship between Tokyo and Seoul is in the news again ― and for all the wrong reasons. Last week, in an apparent sign of bilateral warming, a report from Korea’s Yonhap News Agency indicated that Japan and Korea were on the cusp of formalizing a longstanding commitment to share intelligence and security information on North Korea’s WMD programs. The story claimed that government sources in Seoul were prepared to sign off on a General Security of Military Information Agreement (GSOMIA) wi
July 16, 2012
-
[Shashi Tharoor] Frugal innovation pervades India
NEW DELHI ― India’s sliding economy has inspired gloom and doom far and wide, but increasingly bearish sentiment is misplaced. India still offers hope, but, to understand why, you have to leave macroeconomic indicators aside and go micro. To take one example: Google the phrase “frugal innovation,” and the first 20 search results all relate to India.Indian companies have long recognized the opportunities in meeting previously overlooked demand at the “bottom of the pyramid.” Shampoo sachets origi
July 16, 2012
-
[Malcolm Fraser] Is Obama playing a China card?
MELBOURNE ― According to the United States Federal Reserve, Americans’ net worth has fallen 40 percent since 2007, returning to its 1992 level. Progress towards recovery will be slow and difficult, and the U.S. economy will be weak throughout the run-up to November’s presidential and congressional elections. Can any incumbent ― and especially President Barack Obama ― win reelection in such conditions?To be sure, the blame for America’s malaise lies squarely with Obama’s predecessors: Bill Clinto
July 15, 2012
-
Let’s make unforgettable memories at Yeosu Expo
The Yeosu Expo opened almost two months ago. The number of visitors so far is 2.8 million, or 52,000 per day on average. The turnout is much lower than hoped. It falls far short of the 8 million targeted by the Yeosu Expo Organizing Committee.The committee is doubling efforts to attract visitors during the one month left before the finale. It says visitors will enjoy more diverse and interesting programs during this period. For example, the Expo Pop Festival takes place at 8 o’clock every night,
July 15, 2012
-
Disney’s fantasyland meets North Korea’s
North Korea’s brushes with Disney tend to be less than magical. The Kim Dynasty’s first foray to the place where dreams come true ended in a nightmare. In 2001, the brother of leader Kim Jong-un tried to enter Japan to visit Tokyo Disneyland. His Dominican Republic passport and lack of Spanish skills piqued the interest of customs officers, and was an endless source of embarrassment for their Dear Leader father, Kim Jong-il, who died in December. Eleven years after his brother’s attempted visit
July 15, 2012
-
[Daniel A. Bell] Why Chinese regime is not facing imminent collapse
BEIJING ― The purge of Chongqing’s Party chief, Bo Xilai, is China’s most serious political crisis in recent decades. What seemed like a relatively stable system of political transition ― two five-year terms for top leaders ― has been thrown into chaos.Or so we are told. Such predictions about the collapse of China’s political system have been constantly repeated since the suppression of the pro-democracy uprisings in 1989. But the system didn’t collapse then, and it won’t collapse now.The key r
July 15, 2012
-
Could we have wars without manipulation?
Testifying before a Senate committee a few months ago, U.S. Secretary of State Hillary Clinton lamented that America was “in an information war, and we are losing that war.” This week, she blew a fuse at the “Friends of Syria” meeting in Paris, saying that Russia and China should “pay a price” for not supporting regime change in Syria.Here’s a thought: How about using the power of truth to get things done rather than cover and manipulation?Russia and China aren’t following America’s script for o
July 13, 2012
-
[Joel Brinkley] An irredeemable U.N. council
You should probably sit down before you read this.Syria has put its name up for membership on the United Nations Human Rights Council, and it will most likely win a seat.Yes, Syria, the state that has slaughtered close to 15,000 of its own people over the last 16 months, including hundreds of women and children. It’s on track to take a seat on the United Nations body whose mission is to uphold human rights around the world.The United States happened to find Syria’s name on a roster of candidates
July 13, 2012
-
Harness small firms’ potential to revitalize Japan
Small and midsize companies account for 90 percent of domestic enterprises, and are a huge potential source of technological and human capital. We hope they will play a significant role in kick-starting the economy.A panel of the Economy, Trade and Industry Ministry formed to investigate the future of small and midsize businesses recently announced its proposals for revitalizing this sector. The panel’s report compiled the views of workers at small and midsize companies including managers, femal
July 13, 2012
-
Trust in banks shaken again
Bolstering public trust in banks is once again on the agenda following the Libor inter-bank rates scandal now spreading in the Western banking industry. When will banks that are too big to fail ever learn?A prime banking failure from the drying up of credit, after balance sheets were gutted on reckless bets, was exposed as a result of the derivatives fiasco of 2008. Companies were left stranded. Joblessness rose, asset values fell. Trust in banks hit the depths. It raised this poser: Of what use
July 13, 2012
-
The health of America
Health care reforms put forward by U.S. President Barack Obama have passed constitutional scrutiny. In an anxiously awaited, bitterly divided 5-4 ruling, the U.S. Supreme Court ruled the week before last that the bulk of the bill, put into law in 2010, can go into effect.The decision upholds the most important piece of social legislation put forward in the United States for decades, but in a sad commentary on the static perspective of many Americans, the overwhelming majority of the commentaries
July 13, 2012