Most Popular
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Korean labor force to shrink by 10 million by 2044: report
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[AtoZ Korean Mind] Does your job define who you are? Should it?
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Allegations surrounding BTS resurface, enraged fans demand apology
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Students with history of violence will be barred from becoming teachers
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Top prosecutor pledges 'speedy, strict' probe into first lady's luxury bag allegations
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Medical feud leaves hospitals in financial crisis
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'Super Rich in Korea' will leave viewers appreciating Korea more: producers
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'Queen of Tears' riding high on Netflix chart
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Samsung mocks Apple over iPhone alarm glitch
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Chip up cycle won’t stay long: SK chief
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[Mohamed A. El-Erian] Sleepwalking through America’s unemployment crisis
NEWPORT BEACH ― It was relegated to the Q&A session, rather than featured prominently in the opening statement, at last week’s first-ever press conference of U.S. Federal Reserve Board Chairman Ben Bernanke. It is an issue that too many in Washington, DC are willing to dismiss as “transitory,” despite visible evidence to the contrary. It is extremely vulnerable to high oil and food prices. And it
May 8, 2011
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[Editorial] Follow-up action
With the Korea-EU free trade agreement ratified earlier in the week and set to take effect in July, Korean companies are gearing up for an opportunity to expand their exports to the 27-member European Union. At the top of the list of potential beneficiaries are automakers, television manufacturers and footwear companies, whose products would be exempted from high tariffs.The EU is set to phase out
May 6, 2011
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Despite the euphoria, this is still the long war
When you cut the head off a snake, it dies. U.S. officials would be wise to stop making allusions to decapitated reptiles when referring to al-Qaida after Osama bin Laden’s death because this organization remains alive and active across the Middle East, Asia, Africa, Europe and, yes, the United States.Killing bin Laden deals a significant blow to al-Qaida, but be assured, it lives to fight again.T
May 6, 2011
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[Hans-Werner Sinn] The ECB’s secret bailout strategy
MUNICH ― Why did Greece, Ireland, and Portugal have to seek shelter under the European Union’s rescue umbrella, and why is Spain a potential candidate?For many, the answer is obvious: international markets no longer want to finance the “PIGS.” But that is only half true. In fact, international markets have not financed any of them to a considerable extent for the past three years; the European Cen
May 6, 2011
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[Jeffrey D. Sachs] Global economy’s corporate crime wave
NEW YORK ― The world is drowning in corporate fraud, and the problems are probably greatest in rich countries ― those with supposedly “good governance.” Poor-country governments probably accept more bribes and commit more offenses, but it is rich countries that host the global companies that carry out the largest offenses. Money talks, and it is corrupting politics and markets all over the world.H
May 6, 2011
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Triple disaster and the Constitution
Japan on Tuesday marked the 64th anniversary of the enforcement of the postwar Constitution just as the entire nation, including its people, private enterprises, and the central and local governments, is struggling to overcome the consequences of the March 11 earthquake and tsunami that devastated northeastern Japan.The anniversary also came at a time when the lives of the people in Fukushima Pref
May 6, 2011
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Game makers must boost security measures
There was a time when all one had to worry about from video games were ― for parents ― their affects on children’s homework and eyesight, possible violent content, their cost and ― for game makers ― pirated game cassettes.Those good old days were officially over yesterday (May 2) as video game giant Sony apologized for a security breach that caused the loss of some 77 million accounts’ personal in
May 6, 2011
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[Suthichai Yoon] None willing to serve in Thai opposition
Now that we are on the verge of a new election, the important questions to ask are: Should a mediocre Thai government be given a second chance? Does a failed opposition party deserve to be the next government?To put it in another way: How do we know that a party that doesn’t perform well as a government would do better if voted back in? And how do we know that a party that refuses to be a strong o
May 6, 2011
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[Matthew Lynn] The next stage of euro crisis
Greece? Been there. Ireland? Done that. Portugal? Got the T-shirt. For the past year, countries sharing the euro have been going bust one by one.So where’s next? Plenty of people will point the finger at Spain. Some at Italy. A few single out Belgium, a country with high debts, and no government.But they should be looking somewhere else: France.It is increasingly politically unstable, its debt pos
May 5, 2011
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U.S. ties with Middle East after Osama bin Laden
The dramatic killing of Osama bin Laden after a 40-minute gun battle in a Pakistani hill station mansion is, as President Obama rightly said, a triumph of justice. It is a symbolic and historic milestone in the war on terror, marking the end of a frustrating, decade-long manhunt.By continuing to pursue bin Laden years after 9/11, the United States sought to demonstrate that it has staying power an
May 5, 2011
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[J. Bradford DeLong] Economics profession faces a crisis
BERKELEY ― The most interesting moment at a recent conference held in Bretton Woods, New Hampshire ― site of the 1945 conference that created today’s global economic architecture ― came when Financial Times columnist Martin Wolf quizzed former U.S. Treasury Secretary Larry Summers, President Barack Obama’s ex-assistant for economic policy. “(Doesn’t) what has happened in the past few years,” Wolf
May 5, 2011
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[Trudy Rubin] How could birther nonsense happen in U.S.?
When President Obama told the media why he had released his long-form Hawaiian birth certificate, all I could think of was Pakistan.Yes, Pakistan, where no conspiracy theory is too bizarre and you’ll hear that 9/11 was a Zionist plot ― and Osama bin Laden a U.S. agent. Ordinary Pakistanis turn to conspiracy theories to explain the overwhelming problems that face them. But those unhinged theories d
May 5, 2011
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Turkish journalism sent behind bars
VIENNA ― In a study released in early April, the Organization for Security and Cooperation in Europe’s Representative on Freedom of the Media, Dunja Mijatovi, reported that 57 journalists are currently in prison in Turkey, mostly on the basis of the country’s antiterrorism laws. With 11 more Turkish journalists also facing charges, the total number could soon double the records of Iran and China,
May 5, 2011
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[Sergei Karaganov] Washington and Moscow still need nuclear deterrence
MOSCOW ― Two years ago last month in Prague, U.S. President Barack Obama put forward his visionary idea of the world free of nuclear weapons. A year ago, a new strategic arms treaty between Russia and the U.S. was signed in the same city. Now the worldwide wave of support for a full ban on nuclear weapons, or “nuclear zero,” is being transformed into a debate about nuclear deterrence. Indeed, the
May 5, 2011
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[Lee Jae-min] The perfect not the enemy of the good
Ironically, it was Pascal Lamy, director-general of the World Trade Organization in Geneva, who made a case for the importance of prompt ratification and implementation of Korea’s free trade agreements with the European Union and the United States. At the Trade Negotiation Committee meeting last Friday, the WTO chief officially acknowledged that the Doha negotiation is now “on the brink of failure
May 4, 2011
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[Doyle McManus] The right budget battle to watch
You’ve no doubt been hearing the harrowing warnings about what might happen if Congress refuses to lift the federal government’s debt ceiling, as some conservative Republicans have threatened.If the federal government gets anywhere near defaulting on its debts, President Obama warned this month, that “could plunge the world economy back into recession.”Even House Speaker John A. Boehner, R-Ohio, O
May 4, 2011
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U.S. must help neighbors fight drug wars
When President Obama visited El Salvador in March, he offered an acute analysis of the danger represented by homegrown criminal gangs and international narcotics cartels. This is a shared problem with a shared responsibility, the president declared.Nice speech, but where’s the beef? The unrestricted flow of drugs into the United States via Central America ― or Mexico, or the Caribbean ― represents
May 4, 2011
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[Dick Polman] GOP desperately seeking viable candidate
Pop quiz: Who is Fred Karger?I doubt you’d know. Sounds like a guy who’d sell you Sheetrock or life insurance.And yet, the folks who run the South Carolina Republican Party are very interested in Fred Karger ― so interested, in fact, that they want him on stage on Thursday as a presidential candidate in the first Republican debate of the 2012 campaign, slated for airing on Fox News. They’ve invite
May 4, 2011
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[Jonathan Alter] Bin Laden’s death may be marker in U.S. history
Are we at a hinge of history? When I heard the news about Osama bin Laden and saw the cathartic outpouring of pride in this country, my mind went back not just to Sept. 11, but to a couple of other dates that mark the course of global events, pregnant with promise or peril.We won’t know for years the consequences of the killing of bin Laden for U.S. foreign policy; they might be transitory. But th
May 4, 2011
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[Brahma Chellaney] Osama bin Laden and Pakistan
NEW DELHI ― The killing of Osama bin Laden by United States special forces in a helicopter assault on a sprawling luxury mansion near Islamabad recalls the capture of other al-Qaida leaders in Pakistani cities. Once again, we see that the real terrorist sanctuaries are located not along Pakistan’s borders with Afghanistan and India, but in the Pakistani heartland.This, in turn, underlines another
May 4, 2011