Articles by Yu Kun-ha
Yu Kun-ha
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The Iranian Nuclear Threat Goes Global
The current drive to prevent Iran from developing a nuclear arsenal reflects two important, and interrelated, changes. From Israel’s perspective, these changes are to be welcomed, though its government must remain cautious about the country’s own role.The first change is the escalation of efforts by the United States and its Western allies to abort the Iranian regime’s nuclear quest. This was instigated in part by the International Atomic Energy Agency’s finding in November 2011 that Iran is ind
Viewpoints Feb. 23, 2012
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Ways to revitalize Korean football
Korean football has been in a state of complacency for at least 10 years. Numerous examples of deceit and chicanery in Korean football have been unveiled recently. Korean football has neglected to develop infrastructure in communities and the K-league. Also, K-league players have been found to very frequently partake of match-fixing and illegal gambling. Moreover, the Korean Football Association has acted in ways that are entirely inscrutable to the general public. For instance, it recently repl
Viewpoints Feb. 23, 2012
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[Editorial] The final year
President Lee seems to have more regrets than satisfaction as he enters the final year in his five-year tenure. In a rare press conference on Wednesday, the president was particularly apologetic about graft cases involving people around him. He said his heart stopped when another name popped up from among his aides and relatives in a corruption scandal.Newspapers featured improprieties related to Lee’s associates on the fourth anniversary of his inauguration. “I have no words to say to the peopl
Editorial Feb. 23, 2012
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[Editorial] U.N. focus on defectors
More than 30 North Korean defectors caught in Shenyang by Chinese security police are facing repatriation to the North. The problems of North Korean defectors in China are hardly new, but this time, the situation is much more serious than before. The new North Korean leader, Kim Jung-un, openly threatened in January to “exterminate three generations of the family” of anyone who defects during the 100-day mourning period for his deceased father, Kim Jong-il.As the arrested defectors could face pu
Editorial Feb. 22, 2012
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[Editorial] Vetting campaign pledges
A quarrel has flared up between the government and political parties over the latter’s welfare-related campaign promises.On Monday, the Ministry of Strategy and Finance announced it had launched a task force to study the feasibility of the welfare proposals presented by the ruling Saenuri Party and the main opposition Democratic United Party.The schemes floated by the two parties included quadrupling the salaries of conscripted soldiers to about 400,000 won, free child care services for kids und
Editorial Feb. 22, 2012
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Why Obama enjoys adulation among blacks
In his new book, “The Persistence of the Color Line: Racial Politics and the Obama Presidency,” Harvard law professor Randall Kennedy offers up the most sober (and sobering) assessment of Barack Obama’s grappling with race to date. The book looks at the big media events such as the controversy around Reverend Jeremiah Wright, the arrest of Henry Louis Gates and the forced resignation of Shirley Sherrod. But it is arguably at its most trenchant where it is most humble.An example of this occurs ea
Viewpoints Feb. 22, 2012
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[Robert Reich] Playing billionaire election game
How many billionaires does it take to buy a presidential election? We’re about to find out. The 2012 campaign is likely to be a battle between one group of millionaires and billionaires supporting President Obama and another group supporting his GOP rival.Perhaps this was the inevitable result of the Supreme Court’s grotesque decision in Citizens United v. Federal Election Commission in 2010, which opened the floodgates to unrestricted campaign money through so-called “super PACs.” But I’m not s
Viewpoints Feb. 22, 2012
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Greece risks suffering same fate as Argentina
NEWPORT BEACH ― Let me set the scene: an increasingly discredited economic policy approach gives rise to growing domestic social and political opposition, street protests and violence, disagreements among official creditors, and mounting concerns among private creditors about a disorderly default. In the midst of all of this, national leaders commit to more of the same harsh austerity measures that they have been unable to implement for two years. Official creditors express skepticism, in privat
Viewpoints Feb. 22, 2012
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[Nouriel Roubini] The four downside risks to global economic growth
RIO DE JANEIRO ― Since late last year, a series of positive developments has boosted investor confidence and led to a sharp rally in risky assets, starting with global equities and commodities. Macroeconomic data from the United States improved; blue-chip companies in advanced economies remained highly profitable; China and emerging markets slowed only moderately; and the risk of a disorderly default and/or exit by some members of the eurozone declined.Moreover, under its new president, Mario Dr
Viewpoints Feb. 22, 2012
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Facebook and China have too much in common to ‘like’
Mark Zuckerberg is pulling off a feat bigger than becoming the world’s richest 20-something: thriving in the cyber age even before “friending” the most populous nation and biggest Internet market. Facebook Inc.’s founder will soon have to “like” China, where his website is banned. A post-initial-public-offering Facebook will have shareholders demanding that it tap China’s 1.3 billion people, and now. Such is life when your business model is predicated on ever-growing ranks of users updating, sha
Viewpoints Feb. 22, 2012
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A new agenda for European economic growth
BRUSSELS ― Austerity alone cannot solve Europe’s economic and financial crisis. Growth and jobs need to be promoted with equal zeal. European Union leaders now recognize this: kick-starting growth in 2012 was high on the agenda at the European Council’s meeting on January 30. But the big question remains: How?The need for immediate action is clear. The eurozone’s economy contracted in the last three months of 2011; even Germany’s shrank. The new year is looking grim. France is flat-lining (as is
Viewpoints Feb. 21, 2012
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[Lee Jae-min] ETS tax laudable but misplaced
The global aviation industry is still scratching its head while digesting the contents of the latest bid by Brussels to curb greenhouse gas emissions. Starting from Jan. 1, the EU included the aviation industry in its CO2 Emission Trading System and started imposing extra taxes on airliners. Actual payments will not take place until 2013, but the system is now up and running. A very laudable effort indeed, but here is the trick: This program of the EU applies to all foreign airlines as well, if
Viewpoints Feb. 21, 2012
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Asia’s development and importance of leadership
Asia’s development has been so successful that it has been labeled a “miracle.” However, if this is true for economic growth, the picture looks far less impressive if you look at other dimensions of economic development. A return of leadership is needed. Looking at Asia’s phenomenal economic growth figures since the second half of the 20th century, it becomes easy to understand why international observers have used the word “miracle.” From 1975 to 2000 East Asia grew faster than any other region
Viewpoints Feb. 21, 2012
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[Kim Seong-kon] The charm of living in Korea
Twenty-eight years ago when I was at the L.A. airport waiting for a plane to Seoul, I watched on television clashes between riot police and the tear-gassed students of South Korea, who were protesting against the military dictatorship. I was embarrassed and reluctant to go back to Korea, even though I was returning home after six years in the States. Upon arriving at Gimpo Airport, I was taken aback by the unfriendliness and arrogance of the immigration and customs officers, who treated internat
Viewpoints Feb. 21, 2012
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Laudable but Misplaced: EU’s Aviation ETS Tax
The global aviation industry is still scratching its head while digesting the contents of the latest bid by Brussels to curb greenhouse gas emissions. Starting from Jan. 1, the EU included the aviation industry in its CO2 Emission Trading System and started imposing extra taxes on airliners. Actual payments will not take place until 2013, but the system is now up and running. A very laudable effort indeed, but here is the trick: This program of the EU applies to all foreign airlines as well, if
Viewpoints Feb. 21, 2012
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