Most Popular
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Hyundai Motor eyes 80,000 jobs, W68tr investment at home by 2026
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Seoul bus drivers go on general strike, cause morning rush hour delays
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Official campaigning kicks off for April 10 elections
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Korea enters full election mode
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Dialogue hopes fade as doctors pick hard-liner as new head
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Coupang pledges W3tr to expand Rocket Delivery nationwide by 2027
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[Election Battlefield] Political novice to face off star politician in ‘swing district’
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[Kim Seong-kon] The April 2024 election will decide our future
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Immigrant woman stabbed to death by Korean husband
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Seoul’s bus union prepares for strike
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[Amando Doronila] Sovereignty issues with China a test for President Aquino
China has launched its first aircraft carrier, signaling its growing naval power that’s likely to increase tensions between Beijing and smaller Asian maritime states, including the Philippines, over territorial claims on islands in the West Philippine Sea (South China Sea).The 67,000-ton, 302-meter
Aug. 19, 2011
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[Andrew Sheng] Controls on capital flows: From heresy to orthodoxy
On Sept. 1, 2011, it would be 13 years to the day when Malaysia first introduced capital controls to stem the effects of the Asian financial crisis on the domestic economy. In 1998, it was heresy to introduce controls on capital flows, since it was International Monetary Fund orthodoxy to liberalize
Aug. 19, 2011
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[Mohamed A. El-Erian] ECB’s role in eurozone endgame
NEWPORT BEACH ― Central bank purists are confused. How can the European Central Bank, a Germanic institution, now be in the business of buying government bonds issued by five of its 17 members? Why is this monetary authority acting like a fiscal agency? Isn’t the ECB supposed to be a politically ind
Aug. 18, 2011
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[Michael O’Hanlon] The United States still has a promising future
Amid all the talk of gloom and doom in the United States, with the stock market’s near-crash and the renewed threat of a double-dip recession, it is worth pausing to remember that the United States remains the greatest country on Earth. It is also the country with the most promising future. I make t
Aug. 18, 2011
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[Edward Glaeser] Targets for future spending cuts
There is a time to spend and a time to cut and we are now in an age of austerity. Even since Standard & Poor’s downgraded the U.S.’s “AAA” credit rating earlier this month, some Keynesians still favor more spending. They say the threat that the economy will dip back into recession calls for more pub
Aug. 18, 2011
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[Uri Dromi] Voice of protest in Israel says enough is enough
For the last few weeks, Israel has been experiencing an unprecedented phenomenon: Hundreds of thousands of people are rallying in the streets, demanding social justice. The numbers are mind-boggling: 300,000 Israelis is the equivalent of 18 million Americans. And this is not a one-shot rally. The pr
Aug. 18, 2011
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[William D. Cohan] Ending the moral rot on Wall Street (Part 3)
The following is the last installment of a three-part article on Wall Street corruption and remedies for it. ― Ed.Since 1970, when financial companies began selling shares to the public, the industry has ensnared the rest of us in repeated crises of its own making. There was the crash of 1987 and th
Aug. 18, 2011
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[Nouriel Roubini] Market-oriented economy doomed?
NEW YORK ― The massive volatility and sharp equity-price correction now hitting global financial markets signal that most advanced economies are on the brink of a double-dip recession. A financial and economic crisis caused by too much private-sector debt and leverage led to a massive re-leveraging
Aug. 17, 2011
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[William Pesek] Economic suicide is only a scandal or two away
The Philippines can be a scandalmonger’s paradise. At this very moment, editors are pressed to decide which controversy goes on the front page: the suicide story, the car scam, Chopper-gate or the asylum follies. Each of them sells newspapers and each is linked to a central figure: Gloria Arroyo, wh
Aug. 17, 2011
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[Nina Khrushcheva] Democracy and walls of August
MOSCOW ― History’s milestones are rarely so neatly arrayed as they are this summer. Fifty years ago this month, the Berlin Wall was born. After some hesitation, Nikita Khrushchev, the Soviet Union’s leader, allowed his East German counterpart, Walter Ulbricht, to erect a barrier between East and Wes
Aug. 17, 2011
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[Simon Johnson] The real U.S. crisis is not the debt downgrade
The U.S. has a fiscal crisis, but not the one that everyone is talking about. Standard and Poor’s proved beyond a reasonable doubt that the U.S. still has the world’s preeminent reserve currency. When shocks hit ― and investors have no idea who or what might be next in line for a downgrade ― they bu
Aug. 17, 2011
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[William D. Cohan] Ending the moral rot on Wall Street (Part 2)
The following is the second installment of a three-part article on Wall Street corruption and remedies for it. ― Ed.Was all of this immoral, unethical and illegal behavior a mere aberration, brought on in the years leading up to the financial crisis by an atypical combination of greed and hubris? Sa
Aug. 17, 2011
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[David Ignatius] Department of Internet Defense
ASPEN, Colo. ― “Cyber-security” is one of those hot topics that has launched a thousand seminars and strategy papers, without producing much in the way of policy. But that’s beginning to change, in one of 2011’s most important but least noted government moves. This summer, with little public fa
Aug. 16, 2011
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[Bob Keeler] Chipping away at Environment Protection Agency
Long before he became our president, Ronald Reagan was widely known for a line he delivered often: “At General Electric, progress is our most important product.” What he didn’t emphasize was GE’s other important product: pollution. The huge company is fully or partly responsible for dozens of Superf
Aug. 16, 2011
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[Kim Seong-kon] K-pop is not enough on its own
Despite the increasing popularity of K-pop and Korean TV dramas overseas, Korean literature does not seem to attract foreigners’ attention much. With the possible exception of Shin Kyung-sook’s “Please Look after Mom,” which was on the New York Times bestseller list for a while, Korean literature in
Aug. 16, 2011
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[William D. Cohan] Ending the moral rot on Wall Street (Part 1)
The following is the first installment of a three-part article on Wall Street corruption and remedies for it. ― Ed.What will it take for Americans to finally get the message that much of Wall Street, in its current form, is a corrupt enterprise in need of a top-to-bottom overhaul, a task that the ye
Aug. 16, 2011
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[Pankaj Mishra] London’s rioters are Thatcher’s grandchildren
I am often asked, when in the U.S. or Europe, whether I feel frightened while traveling through such obviously dangerous places as Afghanistan and Kashmir. It’s hard for me to explain, and so I never confess, that I feel more insecure on the streets of Tower Hamlets, a London borough just south of T
Aug. 16, 2011
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[Joel Brinkley] Settlements keep Mideast unsettled
GUSH ETZION, West Bank ― Shaul Goldstein knows that most everyone on earth dislikes him and his kind. For some it’s visceral hatred. For others he represents the largest obstacle to solving a problem everyone everywhere wants resolved.“We are the enemy of the world,” he volunteered without any promp
Aug. 15, 2011
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[J. William Leonard] When national secrecy gets out of hand
Every 6-year-old knows what a secret is. But apparently our nation’s national security establishment does not.Consider this strange case from earlier this year. On June 8, the National Security Agency, a top-secret government spy agency, heralded the “declassification” of a 200-year-old publication,
Aug. 15, 2011
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[Brahma Chellaney] Ethnic tremors an obstacle to stability in China
NEW DELHI ― In the face of spreading civil unrest among China’s Uighur population, the Chinese government’s love-fest with its all-weather ally, Pakistan, may be starting to sour. Indeed, the authorities in China’s Xinjiang province are charging that a prominent Uighur separatist that they captured
Aug. 15, 2011