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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Final push to forge UN treaty on plastic pollution set to begin in Busan
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Industry experts predicts tough choices as NewJeans' ultimatum nears
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Korea to hold own memorial for forced labor victims, boycotting Japan’s
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Nvidia CEO signals Samsung’s imminent shipment of AI chips
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Job creation lowest on record among under-30s
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Opposition chief acquitted of instigating perjury
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[Robert J. Fouser] The center will hold in Korea
As the demonstrations against President Park Geun-hye built up, foreigner observers were impressed by the level of civility in crowds so large. Violent incidents were rare, shops were not looted, and the trash was picked up. The crowds, numbering over 1 million at times in Gwanghwamun, sang and chanted peacefully. The crowds included families with children and high school students in uniform as well as the predictable activist groups.On Dec. 9, the National Assembly followed through on its threa
Dec. 20, 2016
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[Wahnkil Chung] Hummingbird effect in health care industry
When explaining a small change leading to much bigger and often unanticipated changes, in addition to “butterfly effect” of chaos theory, the “hummingbird effect” is often used.An invention of mechanical printing by Gutenberg in 1440s enabled the mass production of Bibles, which contributed to the Christian reformation. It also allowed numerous people to include reading as a daily routine, which led to the discovery that many people are far sighted. Demand for reading glasses exploded which prom
Dec. 19, 2016
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[Lee Chang-hoon] Hanjin Group’s Cho and Franco-Korean Relations
Since obtaining its independence, South Korea has maintained a close and friendly relationship with France, which was the second western European state after Britain to recognize the government of the Republic of Korea as the only legitimate government on the Korean peninsula. France has been Korea’s strong ally since the end of the Korean War.Numerous individuals and organizations alike have historically maintained friendly relations between the two countries, particularly religious and busines
Dec. 19, 2016
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[Conor Sen] Trump‘s economic stimulus, one tweet at a time
There’s a paradox in what Rust Belt voters want economically from the new government. They want the government to facilitate job creation, but they don’t want the creation of government jobs. Donald Trump may have figured out a way to thread this needle with the help of his Twitter account. Trump’s challenge is simple -- how do you create a resurgence for workers in the Rust Belt when decades of market forces, automation and trade deals have led to employment stagnation in much of the region? So
Dec. 19, 2016
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[John McColl] Preventing NATO-Russian escalation
After expressing skepticism of the NATO alliance during his campaign, US President-elect Donald Trump is now beginning to craft a foreign policy that could have far-reaching implications for Europe’s fraught security situation. The United States’ potential disengagement from the Alliance comes just as relations between NATO and Russia have reached an all-time low. With both sides expanding their military activities significantly, Europe needs bold new ideas about how to manage possible future co
Dec. 19, 2016
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[Andres Oppenheimer] Trump’s cabinet looks like plutocracy
President-elect Donald Trump has picked a cabinet dominated by business tycoons with no government experience or patience for history lessons. In other words, he will be surrounded by people like himself.There is nothing wrong with appointing successful corporate barons, rather than government bureaucrats, to top cabinet posts: It’s an old American tradition.When President Dwight D. Eisenhower appointed GM’s chief executive officer Charles Wilson as secretary of defense in 1953, he famously said
Dec. 19, 2016
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[Ram Garikipati] India’s demonetization and Korea’s currency reform
India’s Prime Minister Narendra Modi stunned the nation when he made a public announcement at 8 p.m. on Nov. 8 that 86 percent of the currency in circulation -- 500-rupee (US$7.40) and 1,000-rupee notes -- would no longer be legal tender at the stroke of midnight. The ostensible reason for this was to fight rampant corruption and the underground economy along with counterfeit notes printed by Pakistan to fuel terrorism in India.He asked the Indian citizens to bear the short-term inconvenience fo
Dec. 18, 2016
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[Mohamed A. El-Erian] Fed Day commentary seen from a distance
This Fed Day was an unusual experience: I was in Dubai, which meant the Federal Open Market Committee announcement came at 11 p.m., and the press conference that followed didn’t end until after midnight. The time difference provided an unusual sense of distance from the often frantic atmosphere that typically follows a policy announcement by the world’s most powerful central bank.This more detached feeling triggered some interesting thoughts about the challenges facing the high-frequency financi
Dec. 18, 2016
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[Barry Ritholtz] 10 books to make winter pass faster
New Year’s is fast approaching, along with cold and snowy weather. That’s when I begin to think about the books I want to enjoy sitting next to a warm fire.I managed to get through most of the books on my summer reading list. Now, it is time to tee up a new round of reading. Enjoy. 1. “The Undoing Project: A Friendship That Changed our Minds” by Michael LewisYou are going to read Lewis’ new book, and you are going to enjoy it immensely. As I wrote last week, “Lewis almost casually takes the read
Dec. 18, 2016
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[Ram Garikipati] India’s demonetization and Korea’s currency reform
India’s Prime Minister Narendra Modi stunned the nation when he made a public announcement at 8 p.m. on Nov. 8 that 86 percent of the currency in circulation -- 500-rupee ($7.40) and 1,000-rupee notes -- would no longer be legal tender at the stroke of midnight. The ostensible reason for this was to fight rampant corruption and the underground economy along with counterfeit notes printed by Pakistan to fuel terrorism in India.He asked the Indian citizens to bear the short-term inconvenience for
Dec. 18, 2016
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Why the ‘One China’ policy works
In questioning the “One China” policy that has governed US-China relations for nearly four decades, President-elect Donald Trump seems to believe he is wielding powerful leverage to persuade leaders in Beijing to give the US a better deal on trade. In fact, he is setting himself up to fail -- and ignoring the more effective tools at his disposal.The 1979 decision to withdraw diplomatic recognition from Taiwan and acknowledge the Beijing regime as the “sole legal government” of China has benefite
Dec. 18, 2016
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[Andres Oppenheimer] Human rights would likely take beating under Tillerson
President-elect Donald Trump’s decision to nominate Exxon Mobil’s CEO Rex Tillerson as secretary of state is sounding alarm bells among human rights groups. And there are good reasons for it.Tillerson, 64, who like Trump has no government experience, is best known for his close ties with Russia’s authoritarian President Vladimir Putin, who awarded him the Kremlin’s Order of Friendship prize in 2013.As a lifetime Exxon employee, Tillerson has befriended some of the world’s worst human rights offe
Dec. 18, 2016
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Exxon’s inside man as secretary of state
Plenty of ink will be spilled in the coming days from critics anxious about Donald Trump’s secretary of state nominee’s ties with Russia — when ever-opportunistic Sen. Marco Rubio is on the list (a spot he reserved Sunday with the tweet, “Being a ‘friend of Vladimir’ is not an attribute I’m hoping for in a #SecretaryOfState”), you know it’s getting serious. But there’s another major reason for the US Senate to keep Exxon Mobil Corp. CEO Rex W. Tillerson out of Foggy Bottom. Exxon Mobil is curre
Dec. 16, 2016
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[David Ignatius] US straddle in Syria was bound to fail
The fall of Aleppo is a human catastrophe. It’s also a demonstration of the perils of choosing the middle course in a military conflict. Sometimes it‘s possible to talk and fight at the same time. But in Syria, America’s decision to pursue a dual-track, halfway approach made the mayhem worse. A battered Secretary of State John Kerry made one more plea Thursday for a peaceful evacuation of what‘s left of Aleppo. At a State Department briefing, he used the strongest language to describe the situa
Dec. 16, 2016
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[Bill Emmott] Japanese Foreign Policy in the Trump Era
December will be a month of reconciliation for Japanese Prime Minister Shinzo Abe, as he meets with leaders from two countries that fought Japan in World War II: the United States and Russia.It might seem promising that Abe is hosting Russian President Vladimir Putin and then being hosted by US President Barack Obama in such short order. But these events actually presage an uncomfortable, potentially destabilizing time for Japan – and all of East Asia.On Dec. 26, Abe will shake hands with Obama
Dec. 15, 2016
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[Chong Zi Liang] What‘s next for global trade: Is it US vs China in trade pacts?
In one corner, there is the United States; in the other, China. The solesuperpower trying to maintain its top position versus a dormant giant now increasingly ready to assume what it deems its rightful place in the world.Or so the popular narrative goes. It sees both nations vying for influence in the region by binding other countries to them through trade deals: the Trans-Pacific Partnership, which the US is a part of, and the Regional Comprehensive Economic Partnership, which China is in.This
Dec. 15, 2016
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[Cai Hong] Abe should also seek reconciliation for ‘trail of unspeakable cruelty’
On Dec. 26, Shinzo Abe will be the first Japanese prime minister to visit Pearl Harbor, on which Japan launched a sneak attack on Dec. 7, 1941, dragging the United States into the war. He will not apologize for the attack during his visit, as it is intended to “console” its victims.Japan‘s Prime Minister Shinzo Abe wants closure for his country’s war past, and he is seeking reconciliation with the US.But by uttering no apology, Abe hopes to continue to keep the focus of attention away from Japan
Dec. 15, 2016
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[Robert B. Reich] The creeping tyranny of Donald Trump
On the evening of Dec. 7, minutes after a local Indiana union leader, Chuck Jones, criticized Donald Trump on CNN for falsely claiming that he had kept 1,100 Carrier jobs in the United States, Trump tweeted, “Chuck Jones, who is President of United Steelworkers 1999, has done a terrible job representing workers. No wonder companies flee country!”Since that tweet went out, some news organizations have reported that Jones has received death threats.A few days before, Boeing CEO Dennis Muilenburg w
Dec. 15, 2016
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[Rachel Marsden] CIA‘s Russian hacking claims invalid without technical disclosures
Anonymous US government officials claim that the Central Intelligence Agency has a secret report concluding that Russia provided hacked emails to WikiLeaks with the specific objective of securing Donald Trump’s presidential victory. This was originally reported by the Washington Post late last week and is now being echoed by politicians who stand to benefit from the narrative -- namely, establishment Republicans who oppose Trump and Democrats whose shot at power was destroyed by him.So far, no o
Dec. 15, 2016
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[Ned Forney] One man’s difference
Throughout Korea’s long and proud existence, its people have witnessed remarkable triumphs and tragedies. While some eras of Korean history are remembered more fondly or sadly than others, one period stands out as the most tumultuous and heroic. The 20th century. In a span of less than 100 years, from the early 1900’s to the late 1980’s, Korea moved from an agrarian, largely isolated kingdom to a modern and democratic nation with the world’s 13th-largest economy. During this time it also experie
Dec. 14, 2016