Most Popular
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Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
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Wealthy parents ditch Korean passports to get kids into international school
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Man convicted after binge eating to avoid military service
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First snow to fall in Seoul on Wednesday
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Industry experts predicts tough choices as NewJeans' ultimatum nears
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Final push to forge UN treaty on plastic pollution set to begin in Busan
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Nvidia CEO signals Samsung’s imminent shipment of AI chips
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Opposition chief acquitted of instigating perjury
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Korea to hold own memorial for forced labor victims, boycotting Japan’s
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[Exclusive] Hyundai Mobis eyes closer ties with BYD
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[Tulsathit Taptim] Thai connections in Panama Papers
It requires financial genius to stash mountains of money in tax havens, as revealed by the Panama Papers, but it probably takes greater intellect to defend the offshore hidey-holes. The Anti-Money Laundering Office all of a sudden has a tightrope to walk following reports of Thai connections in the leak that is rocking the world.The names of 16 Thais have been found listed among the huge trove of documents revealing individuals and entities from countries around the globe who set up secret offsh
April 14, 2016
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[Jeffrey Frankel] The domestic threat to U.S. leadership
U.S. President Barack Obama has racked up a series of foreign-policy triumphs over the last 12 months. But one that has gained less attention than others was the passage last December of legislation to reform the International Monetary Fund, after five years of obstruction by the U.S. Congress. As the IMF convenes in Washington, D.C., for its annual spring meetings from April 15-17, we should pause to savor the importance of this achievement. After all, if the United States had let yet another y
April 14, 2016
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[Albert R. Hunt] Rivals should be in cahoots to stump Trump
Donald Trump is getting some unlikely assistance from his opponents in his uphill effort to win a majority of Republican presidential delegates. Ted Cruz and John Kasich remain too busy battling each other to unite in opposition to the front-runner.Cruz and Kasich have the same goal: to prevent Trump from getting close to the 1,237 delegates he needs for the nomination. Yet in remaining contests in New York, California, New Jersey and elsewhere, the battle between the two of them sets back that
April 13, 2016
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[Peter Singer] Can artificial intelligence be ethical?
Last month, AlphaGo, a computer program specially designed to play the game Go, caused shockwaves among aficionados when it defeated Lee Se-dol, one of the world’s top-ranked professional players, winning a five-game tournament by a score of 4-1.Why, you may ask, is that news? Twenty years have passed since the IBM computer Deep Blue defeated world chess champion Garry Kasparov, and we all know computers have improved since then. But Deep Blue won through sheer computing power, using its ability
April 13, 2016
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[Kim Myong-sik] Dealing humbly with our remains after death
Lawyer Kim Chang-kook, an old friend of mine, died of liver cancer last week. His body -- thinned by the long bout of illness -- was cremated, with the remains placed in an earthen jar that was buried under a pine tree. He had caught hepatitis C many years ago and the disease had developed into liver cirrhosis, then to cancer. He had a liver transplant operation five years ago but the cancer had spread to his lung and other organs. Early last year, his doctor told him that he had 12 months to li
April 13, 2016
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[Kim Ji-hyun] Aging with grace
A few weeks ago, there was a bit of a row among a couple of Korean ladies living in Tokyo.To cut a long story short, an older lady ended up apologizing to a younger one for trying to force her to see things from her viewpoint. I thought that was the end of that, but after dining with one of them – the older one – last week, I could see she still refused to believe she had done anything wrong. She complained that the younger woman had asked for advice and that she had imparted it, with the expect
April 13, 2016
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[Nir Kaissar] Who’s afraid of financial robo-advisers?
The Massachusetts Securities Division recently fired a shot heard around the robo-adviser world when it declared that the online financial advisers may not be up to snuff as fiduciaries for investors. If that’s the case, it means they may not qualify as investment advisers in Massachusetts.Regulators must of course hold all financial advisers to a high standard, but robo-advisers -- the most investor friendly financial innovation since the index fund -- are on the frontlines in the fight for bet
April 13, 2016
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[Kim Seong-kon] Calling for modern Renaissance men and women
There is a Korean saying: “To find water, concentrate on digging one well at a time.” It means we need to become professionals and specialists, not shallow amateurs. But times have changed. These days, we need people who can dig as many wells as possible in order to benefit many people. Indeed, the present age calls for open-minded men who have a global perspective rather than parochial views, and erudite men who have wide perception rather than men of narrow specialties.We need Renaissance men
April 12, 2016
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[Robert J. Fouser] Does Korea need an upper house?
Today marks the 20th time that Koreans have gone to the polls to vote for members of the National Assembly. Since the founding of the Republic of Korea in 1948, elections for the National Assembly have been the most regular of all elections. From 1971 to 1987, presidential elections were suspended and elections for local government offices were held for the first time in 1995. National Assembly elections, by contrast, have been held regularly every three to five years, though voter fraud and int
April 12, 2016
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[Francis Wilkinson] The ambition of Bernie Sanders
Ambition is the most consistent, yet variable, component of public life. Lincoln and FDR had it, and that was good. Benedict Arnold and Joseph McCarthy had it, too. And that turned out very bad.Bernie Sanders is not often described as an ambitious man. But you don’t run for mayor of your city without a dash of ego and drive. You don’t leverage that position into a congressional seat without wanting more. And no one ends up a U.S. senator without the gnawing, often insatiable, hunger peculiar to
April 12, 2016
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[Guy Verhofstadt] Europe’s rule-of-law crisis
From the rubble of two world wars, European countries came together to launch what would become the world’s largest experiment in unification and cooperative: shared sovereignty. But, despite its impressive achievements over the decades, the European project now risks disintegration.An unresolved financial crisis, a refugee crisis, a deteriorating security environment and a stalled integration process have created throughout Europe a toxic, unstable political environment in which populism and na
April 12, 2016
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[David Ignatius] Military leaders GOP could draft for president
As Republicans head toward what could be a stalemated convention, they might recall how the party healed itself in 1952 in what was known as the “winter of discontent.” The Republicans drafted a military leader, Gen. Dwight D. Eisenhower, as their presidential candidate.The looming showdown between Donald Trump and Ted Cruz is a potential “train wreck,” to quote my colleague Charles Krauthammer. Neither front-runner seems likely to have the 1,237 delegates needed for a first-ballot victory. If e
April 12, 2016
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U.S. man due to die because he is black
Duane Buck was convicted in 1997 of murdering his ex-girlfriend and a male friend. After a Texas jury determined that he was likely to pose a continuing danger to society, it sentenced him to death. How did the jury conclude that he posed a future threat (a finding that state law requires as a condition for imposing the death penalty)? Simple: Buck is black and, according to a psychologist who testified at the sentencing hearing, race is one of a number of “statistical factors” that can be used
April 11, 2016
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[Andrew Sheng] Casting light from the shadows
In solving mysteries, the detective Sherlock Holmes used to say that “once you eliminate the impossible, whatever remains, no matter how improbable, must be the truth.”We have been so used through our conventional training to look for keys under the light of the lamp at night that we often forget to look in the shadows.We live in an age when we base all decisions on what statisticians produce as “facts and numbers.” The trouble with statistics is that all measurements are subject to errors and o
April 11, 2016
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[Ram Garikipati] Warnings on cigarette packs
As expected, South Korean tobacco-makers and retailers have expressed their opposition to the Health Ministry’s new antismoking policies, which require all firms to fix health warning illustrations on their cigarette products. However, the ministry is not being swayed by their arguments and has refused to stand down.The new measures, which will be implemented later this year, require health warnings consisting of text and images to be printed on the top 50 percent of the front panels of all ciga
April 11, 2016
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[Stephen Mihm] Shocked by the Panama Papers?
The revelations about offshore accounts contained in the “Panama Papers” are sensational, but they are unlikely to put an end to these tax havens favored by the world’s rich and powerful.Rather, the disclosures are a reminder that these shelters have been around for close to a century, and have proved remarkably resilient even as they periodically aroused public outrage and calls for reform. In fact, an earlier scandal may have laid the foundation for the tax havens that are now under scrutiny.S
April 11, 2016
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[Rachel Marsden] Offshore banking perverts global capitalism
The largest data leak in history — 11.5 million documents, coined the “Panama Papers” — is providing a glimpse into the 1-percenters’ world of offshore banking. So far, data obtained from Mossack Fonseca, a Panamanian law firm that specializes in setting up offshore shell companies (more than 200,000 of them, allegedly), has been linked to heads of state, celebrities, business leaders and other wealthy individuals from all over the world — all hiding behind elaborate fronts.An anonymous source p
April 11, 2016
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[Emily S. Chen] Surrender of Japan’s peace constitution
In February, Japanese Prime Minister Shinzo Abe called on the National Diet to amend Article 9 of the country’s constitution, which renounces war as a means of settling disputes. Drafted by the United States after World War II, the constitution contains “some parts (that) do not fit into the current period,” Abe said. He is particularly concerned with the constitutional provision that prohibits Japan from maintaining “land, sea, and air forces,” arguing that it seems to be in direct contradictio
April 10, 2016
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[Mark Gilbert] New reasons to worry about Europe’s banks
European banks have lost their mojo. A toxic combination of negative interest rates, comatose economies and a regulatory backdrop that might euphemistically be described as challenging is wreaking havoc with bank business models. Their collective market value has dropped by a quarter so far this year. The smoke signals emanating from the European Central Bank in recent weeks suggest regulators aren’t blind to this. Daniele Nouy, who chairs the ECB’s bank supervisory board, said earlier this week
April 10, 2016
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[Gareth Evans] Learning from military intervention in Libya
There are important lessons to be learned from what went wrong with the NATO-led military intervention in Libya in 2011. U.S. President Barack Obama was right about that in his recent wonderfully frank interview in the Atlantic. But if we are not to compound the world’s misery, we have to take away the right lessons from that intervention.We can agree that Libya is now a mess, with Islamic State forces holding significant ground, the United Nations-facilitated peace process faltering, and atroci
April 10, 2016