Xi Jinping and Vladimir Putin ended their Moscow summit last week by showcasing economic help and diplomatic support China will provide the now supplicant banana-less republic that is Putin’s Russia today. But even more importantly, the two autocratic presidents were careful not to spotlight this year’s most important reality: Apparently, their famous “no limits” partnership they boldly declared in 2022, just three weeks before Putin invaded Ukraine, has limits, after all

In Dobong-gu in northeast Seoul, the Seoul Robot & AI Museum (Seoul: RAIM), which was built mostly by robots and drones, is nearing completion. Scheduled to open this fall, the museum represents a daring effort to integrate robotics into the construction of a public building. Experiments in robotics development and implementation are active in South Korea and hold the potential to turn the country into the undisputed leader in robotics. In 2021, South Korea ranked first in the world in robot de

President Yoon Suk Yeol completed a surprise visit to Tokyo last week. The two leaders of South Korea and Japan agreed to finish the 12-year-old confrontation and open a cooperative relationship toward the future. As a result, GSOMIA, or the Military Information Protection Agreement, was normalized. Japan will lift export restrictions on Korea, while Korea will drop its WTO complaint over Japan's unfair trade practices. Japan welcomed the Korean government's proposal for a significant

In the brief but spectacular collapse of Silicon Valley Bank, we may just have witnessed the best banking crisis ever. It might even have been useful. Nobody got seriously hurt, except bank executives who made bad decisions and shareholders who weren't paying attention. Those Silicon Valley libertarians who spent years demanding that government get out of the way earned their comeuppance when they begged the Federal Reserve to save them. "Where is (Federal Reserve Chair Jerome H.) Powe

Georgia and South Korea have more in common than meets the eye. The sheer size of the economy and population aside, fundamentally, both countries share a long-lasting historical experience of struggle for independence and freedom. Nowadays, both Georgia and South Korea find themselves in a complex geostrategic regional environment, yet their adherence to the rule-based international order and shared values of democracy, human rights and the rule of law is unwavering. A closer look at economy in

According to newspaper reports, today’s young people in Korea feel lucky and proud to be born in South Korea. There is a plethora of reasons. For example, recently, the United Nations dubbed South Korea as a developed country, which suits the country in every sense. Indeed, South Korea has now become a fully developed, advanced country both economically and technologically. South Korea’s economy is the 4th largest in Asia and 13th in the world. Its military power, too, ranks 6th out

Fifty years ago this month, in March 1973, the Bretton Woods arrangement of fixed exchange rates was abandoned, and the world’s major currencies -- including the US dollar, pound, yen, and Deutsche Mark -- were allowed to float. At the time, the system’s demise was generally considered a policy failure. But the shift from fixed to flexible exchange rates was probably inevitable. The international monetary system that was designed at Bretton Woods, New Hampshire, in 1944, helped lay t