Most Popular
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Xi says he will consider S. Korea visit
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Opposition party leader ends 24-day hunger strike for treatment
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[Weekender] Behind the scenes of Korean food crazes
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US finalizes national security 'guardrails' for CHIPS funding
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[Herald Interview] ‘Another Body,’ a riveting documentary on devasting effects of deepfake porn
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[Hello Hangeul] The making of Korean language textbooks featuring BTS
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Esports legend Faker seeks to lead Korean surge at Asian Games
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From traditional to trendy, three of Seoul's top yukhoe spots
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Yoon pushes for Xi’s visit to firm up ties with China
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Allies vow stern measures against Russia-N. Korea arms deal
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[Editorial] No compromise
The legislature should be a space where its members mediate and resolve social conflicts. But their negotiations over contentious issues are hard to watch, as only antagonism and confrontation seem to exist between the rival parties. The main opposition Democratic Party of Korea, which holds an overwhelming majority of 169 seats in the 300-member National Assembly, is wielding its legislative power as it pleases. The Assembly's passage of a revision to the Grain Management Act last Thursday
EditorialMarch 28, 2023
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[Andrew Sheng] The global game of ChessGo
The geopolitical scenarios are so scary that we need new narratives to try and understand where it will all end -- nuclear annihilation or climate burning? Games are imitations of real life. They teach players how to think how the other would act, with better players learning to appreciate how the other player reads them. As all games are defined by rules, two-player games are actually far simpler than multi-player games. That is exactly where the global game has shifted, from a unipolar singl
ViewpointsMarch 28, 2023
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[VIEWPOINT] The constitution of Uzbekistan enshrines norms of environmental law
Today our life is undergoing profound qualitative changes. Cardinal reforms are rapidly forming a completely new image of our society. The new edition of our constitution contains special norms on ensuring environmental rights of citizens, in particular, everyone has the right to a comfortable environment, reliable information about its condition, the state takes measures on improvement, restoration and protection of the environment, maintaining the ecological balance, protection of the e
Diplomatic CircuitMarch 27, 2023
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[Editorial] Two sides of the same coin
Two contrasting stories concerning cryptocurrency are currently in the news. First, bitcoin pulled off a strong rally this month, renewing investor appetite for the world’s largest cryptocurrency. Second, Do Kwon, the co-founder of Terraform Labs -- once a high-flying darling of the crypto market before crashing spectacularly -- was arrested in Montenegro on March 23. Few people can deny the fact that cryptocurrencies tend to be more volatile than other traditional investment tools. The cr
EditorialMarch 27, 2023
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[Howard Davies] US financial regulatory system is still broken
When a bank fails, attention inevitably turns to its regulators. Who was asleep at the wheel? Who failed to spot the warning signs? The failure of Silicon Valley Bank is no exception. In the United States, these questions are often directed at many different agencies, since the system is complex and hard for outsiders to understand. So, the conclusion is often an inverted form of John F. Kennedy’s famous observation after the Bay of Pigs fiasco, to the effect that “success has many
ViewpointsMarch 27, 2023
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[Martin Schram] Xi, Putin ‘no limits’ pact has limits
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
ViewpointsMarch 27, 2023
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[Editorial] Young people resting
Last month, nearly 500,000 young people aged 15 to 29 gave up looking for a job. According to Statistics Korea, the population of young people choosing to be unemployed without looking for jobs increased to 497,000 in February, the largest number since related statistics were first compiled in January 2003. To make matters worse, youth employment shrank for four months in a row and the recent shrinkage was the biggest since February 2021. The overall employment situation was not positive, either
EditorialMarch 24, 2023
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[Robert J. Fouser] The new robotics superpower
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
ViewpointsMarch 24, 2023
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[Wang Son-taek] Japan must take sincere measures
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
ViewpointsMarch 23, 2023
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[Editorial] Raise deposit insurance limits
It is fairly rare for rival parties in South Korea to agree on any single policy. Quite surprisingly, politicians from both the ruling and opposition parties have put forth the same proposal: a hike of deposit insurance limits. “South Korea needs a new deposit insurance limit suitable for its stature as a nation with expanding economic power,” Sung Il-jong, the top policymaker of the ruling People Power Party, said Tuesday. Sung said Korea should reconsider the current deposit insura
EditorialMarch 23, 2023
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[Doyle McManus] SVB's demise a blessing in disguise
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
ViewpointsMarch 23, 2023
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[Contribution] Georgia-Korea FTA is a win-win for both partners
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
Diplomatic CircuitMarch 22, 2023
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[Editorial] Long-awaited cooperation
A bill that increases tax credits for semiconductor facility investment is expected to be approved by the National Assembly this month. Under the bill, tax credits will rise from the current 8 percent to 15 percent for semiconductor facility investment by large companies and from 16 percent to 25 percent for that by small and medium-sized companies. The majority opposition Democratic Party of Korea initially opposed the government-proposed 15 percent tax credit for large companies. It argued tha
EditorialMarch 22, 2023
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[Kim Seong-kon] If you are proud of your country, act accordingly
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
ViewpointsMarch 22, 2023
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[Jeffrey Frankel] Fifty years of floating currencies
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
ViewpointsMarch 22, 2023
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[Editorial] Electoral reform
Political parties in South Korea are set to discuss electoral reform measures next week in a bid to fix the problems with the current mixed-member proportional representation system. But the outlook for a breakthrough is far from positive, given that major parties and their lawmakers seem unlikely to give up their vested interests. All lawmakers from the ruling People Power Party, the main opposition Democratic Party of Korea and the minor opposition Justice Party are scheduled to attend a parli
EditorialMarch 21, 2023
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[Daniel DePetris] China brokers Iran-Saudi deal but the US benefits
There was a time, only a few short years ago, when Saudi Arabia’s Crown Prince Mohammed bin Salman thought Iran’s supreme leader, Ayatollah Ali Khamenei, was worse than Adolf Hitler. “I believe that the Iranian supreme leader makes Hitler look good,” Prince Mohammed told The Atlantic’s Jeffrey Goldberg in a 2018 interview. Hitler may have tried to conquer Europe, he said, but Iran is “trying to conquer the world.” Contrast those alarmist words with a dip
ViewpointsMarch 21, 2023
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[LZ Granderson] Don't blame Mexico on gun, drug
Ken Salazar, the US ambassador to Mexico, met with the Los Angeles Tiems for more than an hour while visiting California in November. Her was eager to talk up the celebrations surrounding the US-Mexico diplomacy bicentennial. We were eager to talk about the border. The pas de deuk featured a lot of platitudes, a couple of tense moments, and a number I can't shake: 13,000. That was the estimate Salazar gave for the number of Mexicans who were studying at our universities at the time. Many of
ViewpointsMarch 21, 2023
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[George Soros] Updating my Munich predictions
It is exactly one month ago that I gave a speech on the eve of the Munich Security Conference. Since then, so many remarkable things have happened -- and have happened so fast -- that it is worth comparing my predictions of a month ago with the actual developments. The biggest changes have occurred in the global climate system. By this, I mean actual climate events and climate scientists’ understanding of those events. The main message I wanted to convey in Munich was that the global clima
ViewpointsMarch 20, 2023
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[Editorial] A new beginning
President Yoon Suk Yeol returned home Friday night from his two-day visit to Japan. Through his meeting with Japanese Prime Minister Fumio Kishida, he kick-started summit diplomacy with Japan after a 12-year hiatus. The summit is a turning point in bilateral relations and a new starting point for mutual visits by the leaders of both countries. Yoon made a difficult first move to normalize South Korea’s relations with Japan. The summit owes much to his bold decision. The Yoon administration
EditorialMarch 20, 2023