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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Samsung entangled in legal risks amid calls for drastic reform
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Opposition chief acquitted of instigating perjury
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[Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'
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Heavy snow alerts issued in greater Seoul area, Gangwon Province; over 20 cm of snow seen in Seoul
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Agency says Jung Woo-sung unsure on awards attendance after lovechild revelations
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[Herald Review] 'Gangnam B-Side' combines social realism with masterful suspense, performance
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[Health and care] Getting cancer young: Why cancer isn’t just an older person’s battle
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Why S. Korean refiners are reluctant to import US oil despite Trump’s energy push
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Shared regional peace
As China is a large country with a rising influence on regional and world affairs, it is no surprise that China should have been in the spotlight at the three-day Asia Security Summit that concluded on Sunday in Singapore.Beijing hopes such regional platforms will promote dialogue and cooperation to safeguard regional peace and stability.Still some nations sought to use the Singapore forum, also known as the Shangri-La Dialogue, to try and sow seeds of discord and call for outside intervention i
June 8, 2012
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New class of vehicles
The government plans to promote a new category of “microcompact” vehicles, the first new category of vehicle to be established under the Road Transport Vehicle Law since 1963. These new cars will likely appeal to elderly people and others who will use them for shopping or visiting places near their homes. Most of them will be electric and much more environmentally friendly than current automobiles.Larger than “Category 1” motorcycles that have an engine displacement of 50 cc or less, but smaller
June 8, 2012
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[Brahma Chellaney] China’s fate driven by murky, fractured politics
NEW DELHI ― As senior leaders are purged and retired provincial officials publicly call for Politburo members to be removed, it has become clear that China is at a crossroads. China’s future no longer looks to be determined by its hugely successful economy, which has turned the country into a world power in a single generation. Instead, the country’s murky and increasingly fractured politics are now driving its fate.One need look no further than the ongoing power struggle in the run-up to this a
June 8, 2012
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Romney is dangerously naive on foreign policy
Now that Mitt Romney is certain to be the Republican nominee for president, it’s time to examine his foreign-affairs policies and background.In short, he has no significant foreign policy experience. None at all. And his policy pronouncements have been disturbing.He called President Barack Obama “naive” for announcing plans to pull troops out of Afghanistan. Well, Romney is the one who is naive, and that’s the problem. Given all the dilemmas the U.S. faces worldwide, we don’t need another presid
June 7, 2012
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[David Ignatius] A road map for solving Syria crisis
ISTANBUL ― Kofi Annan is tinkering with a radical idea for reviving his moribund peace plan for Syria ― a road map for political transition there that would be negotiated through a “contact group” that could include, among other nations, Russia and Iran. The former secretary-general’s new plan was outlined Tuesday by a diplomat who is familiar with the U.N. mission. The proposal, which is expected to be presented to the Security Council later this week, comes as Annan’s peace mediation with Pres
June 7, 2012
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Towards a Northeast Asian Renewable Energy Association
When hundreds of policymakers, industrialists, researchers, academics and NGO representatives met in Seoul for the Global Green Growth Summit 2012 on May 10 and 11, it was no wonder that the Asian region was well represented ― not only because of the location, but also due to the region’s interest in energy developments.Positive developments, like the success of Korea’s green growth policy, contributed to that interest. Challenges, like the tragedy of Fukushima, served as a stark reminder of the
June 7, 2012
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The triumph of political imperatives in Europe
MADRID ― Economics, particularly economic theories, always yield in the end to political imperatives. That is why Europe’s fast-changing political landscape, reshaped by electoral insurrections in France and Greece against German-backed fiscal austerity, is bound to affect Europe’s economic policies as well.Such an imperative has been at work throughout Europe’s postwar history. Indeed, Europe’s shift from the modest customs union of the European Economic Community to the single market and commo
June 7, 2012
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[Robert B. Reich] American jobs recovery stalls
However one looks at last Friday’s jobs report, it’s a stunning reminder of how anemic the recovery has been ― and how perilously close America is to falling into another recession.Not only has the unemployment rate risen for the first time in almost a year, to 8.2 percent, but, more ominously, May’s payroll survey showed that employers created only 69,000 net new jobs. The Labor Department’s Bureau of Labor Statistics also revised its March and April reports downward. Only 96,000 new jobs have
June 7, 2012
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Elizabeth Warren’s Cherokee chicanery
Elizabeth Warren, who on Saturday claimed the Democratic nomination for U.S. Senate from Massachusetts, still has Indian trouble. Her claim to American Indian ancestry entered a new phase last week.At first Warren said she learned that her employer, Harvard Law School, had cited her as a minority faculty member only after the Boston Herald informed her of it several weeks ago. Then last week she conceded that she herself had told Harvard that she was American Indian, though she said she told the
June 6, 2012
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[J. Bradford DeLong] The economic costs of fear
BERKELEY ― The S&P stock index now yields a 7 percent real (inflation-adjusted) return. By contrast, the annual real interest rate on the five-year U.S. Treasury Inflation-Protected Security (TIPS) is -1.02 percent. Yes, there is a “minus” sign in front of that: if you buy the five-year TIPS, each year over the next five years the U.S. Treasury will pay you in interest the past year’s consumer inflation rate minus 1.02 percent. Even the annual real interest rate on the 30-year TIPS is only 0.63
June 6, 2012
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You can’t fix the death penalty ― just end it
Californians will vote this fall on an initiative to abolish the death penalty. Proponents of the measure say it is necessary because capital punishment is too costly. Opponents argue that costs can be cut by streamlining the system.But whether one is for or against capital punishment, trying to make the process cheaper and quicker is a terrible ― and dangerous ― idea.Recently, my co-authors and I published the results of an extensive four-year investigation into the Texas execution of Carlos De
June 6, 2012
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Olympics and rise of the humble, ubiquitous ball
When the caldron is lit in London this summer and the XXX Olympics begins, one familiar participant will play a more active role than any other, taking center stage at 23 individual events. To the delight of billions, and without concern for its own well-being, it will be thrown, kicked, punched, slapped and struck with no fewer than three different instruments of torture. That abused but beloved participant is, of course, the humble, ubiquitous ball.This universal object of play has become so i
June 6, 2012
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Investing in green sectors to come out of crisis
PARIS ― Underpinning European integration is the belief that unity between nations should bring shared prosperity instead of social, political, and economic turmoil. But today’s debt crisis has exposed a fundamental weakness in the eurozone’s architecture: insufficient integration.This adds another layer of complexity, compared to the United States or Japan, to the economic challenges that the European Union faces. To paraphrase Leo Tolstoy, the European family is unhappy in its own way.The Euro
June 6, 2012
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[Daniel Fiedler] Are courts prepared to do justice?
Anyone who follows the news in South Korea is aware of the historic nature of the recent decision by the South Korean Supreme Court in favor of eight individual Korean plaintiffs who are suing the Japanese company Mitsubishi for forced labor during World War II. Especially those who read the opinion sections of the local newspapers will have seen the laud and adulation heaped upon the Supreme Court by the South Korean media.And while this decision is a step towards the judiciary becoming an equa
June 5, 2012
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Formula 1 legend makes a smart car for the street
Apple Inc., we are confident, will not be selling cars anytime soon. But the auto industry ― like music, film or, dare we say, publishing ― could use a little bit of old-fashioned disruptive innovation, and maybe Gordon Murray can provide it. Murray, the famed London-based automotive designer and entrepreneur responsible for some of the most successful Formula 1 race cars, has lately turned his attention to a less expensive, less speedy pursuit: He wants to provide a small, light, efficient car
June 5, 2012
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Why U.S. airlines need to adapt to slow growth
As the economy recovers and fuel prices ease, U.S. airlines are doing better. Prospects for the summer and the rest of 2012 look brighter, particularly because there are fewer carriers after the mergers of the last five years. Yet U.S. airlines face a long-term challenge that should concern industry executives as well as investors. That impediment isn’t wages, fuel prices or a stagnant economy. It’s growth in demand for air travel, which has been anemic at best for more than a decade, even when
June 5, 2012
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Fired up about the magic of flame at end of candle
Lately I’ve spent a lot of time trying to help scientists explain in simple words what it is they do. Why in the world, you might wonder, should a nonscientific person worry about a thing like that? There are two pretty good reasons.For one thing, before a surgeon slices me open, I’d like him or her to do at least two minutes on what this is all about. What’s the problem? What are the chances this will work? Will I be able to play the violin when I wake up?In a way, scientists are operating on u
June 5, 2012
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[Kim Seong-kon] Humanity prevails over ideology in ‘Cranes’
Hwang Sun-won’s “Cranes,” which was published in 1963, beautifully captures the tragedy of a torn country divided by political ideologies and vividly renders the Korean people’s secret wish for reconciliation of the estranged two Koreas. The story is set in a small village near the 38th Parallel during the Korean War. As North Korean troops occupy the village, Songsam flees with other refugees, but his friend Tokchae decides to remain because he cannot abandon his old father and rice field. Simp
June 5, 2012
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[David Ignatius] Finding an arena in Langley
WASHINGTON ― CIA Director David Petraeus spoke first at an April 19 memorial dinner for agency officers killed in action. He delivered well-scripted remarks and an evocation of the agency’s heroes. Then came Leon Panetta, his predecessor at the CIA and the evening’s main honoree, who delivered a stem-winding emotional speech to fervent applause. The freewheeling Panetta, now secretary of defense, has been a tough act to follow at the CIA, especially for a former four-star Army general who thrive
June 4, 2012
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How ‘death panels’ can prolong life in U.S.
Average life expectancy is one of two statistics commonly used to compare the health-care systems of different nations. (The other is infant mortality.) One of the puzzles about the U.S. system is that we spend far and away the most money per capita for health care, but we rank 50th in average life expectancy ― after Macau, Malta, and Turks and Caicos, among others. We are all familiar with statistics about how much of health-care spending takes place in the last year of life, and with stories a
June 4, 2012