Most Popular
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Korea added to key bond index
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South Korean author Han Kang wins 2024 Nobel Prize in literature
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North Korea notifies UN Command of plans to fortify border with South
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Will Apple quit smart ring race with Samsung?
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[Breaking] South Korea's Han Kang wins 2024 Nobel literature prize
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[KH explains] Will CATL’s Korean push reshape battery alliance with Hyundai, Kia?
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More deaths in ICU following doctors' mass walkout: lawmaker
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Security issues to take center stage at ASEAN summit
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North Korea already cut off inter-Korean roads in Aug.: JCS chief
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NewJeans’ Hanni to attend National Assembly audit as witness
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[F.D. Flam] Population decline vs hungry kids
Humanity is about to turn a major population corner, according to a new estimate. A recent article in the Lancet predicts that by 2030, we’ll no longer be reproducing fast enough to replace ourselves. We aren’t about to go extinct, but this is an unexpected trajectory. As recently as 2017, the United Nations predicted human numbers wouldn’t peak until 2100 when we’d reach more than 11 billion people. According to the new estimate, our numbers could rise from the curr
June 20, 2024
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[Wang Son-taek] Exploded mines and approaching crisis
Following the battle of balloons between South Korea and North Korea with leaflets and trash, ominous scuffles are continuing in the Demilitarized Zone on the Korean Peninsula. According to a briefing by the South Korean Joint Chiefs of Staff on Monday, dozens of North Korean soldiers were killed or injured when landmines exploded around the border. Separately, dozens of North Korean soldiers crossed the Military Demarcation Line (MDL) and retreated to the north of the line after receiving
June 20, 2024
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[Sławomir Sierakowski] Real winners of European election
The way to defeat the populist far right, it seems, is to oppose it tooth and nail. Polish Prime Minister Donald Tusk can attest to that. Since ousting Poland’s populist Law and Justice (PiS) party from power last fall, he has been uncompromising in opposing the anti-democratic illiberalism that it represents. And in the European Parliament election, his Civic Coalition (KO) had the best performance of all major mainstream parties in the EU, securing a surprising 37.1 percent of the vote
June 19, 2024
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[Kim Seong-kon] On the 74th anniversary of the Korean War
June 25 is the 74th anniversary of the Korean War. In 2050, The Korean War will be a century-old tragic disaster that devastated the Korean Peninsula in the mid-20th century. Sadly, it has already become “the forgotten war,” and by 2050, perhaps no one will remember it at all. Still, however, a question arises, “Will South Korea be safe and sound until 2050?” We certainly hope so. Yet, considering belligerent North Korea’s frequent provocations, we cannot ignore the
June 18, 2024
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[Lee Byung-jong] Trash balloons and psychological warfare
After the end of the Cold War, the first president of the Czech Republic, Vaclav Havel, confessed that his lifelong fight against Communism and for democracy was inspired by propaganda broadcasting from the US government. As a dissident, poet and playwright, he spent a few hours every night listening to the Voice of America or Radio Free Europe that broadcast news and pop culture from the US and the West. Through those programs, he began to yearn for freedom and democracy. In fact, many experts
June 18, 2024
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[Grace Kao] Trendz ‘glows’ toward global stage
I first saw Trendz -- Havit, Leon, Yoonwoo, Hankook, ra.L, Eunil, and Yechan -- outside of “Music Bank” and then “Show! Music Core” during their fan meetings in April 2023. I vividly remember their stage performances of “New Dayz.” They wore baseball uniforms at "Music Bank," so Yechan’s slide at the beginning of the song was especially cute. Besides, I loved the song. However, what was most remarkable was that all seven members not only spoke
June 18, 2024
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[Yoo Choon-sik] Labor market and domestic demand
Among numerous indicators used to measure a certain aspect or aspects of economic activities, labor market statistics are widely known for reflecting economic conditions belatedly compared to some other leading indicators such as sentiment indices. Moreover, labor data is one of the least dynamic indicators in South Korea due to the country’s rigid labor market structure. In contrast to countries with more flexible labor market structures, such as the United States, the unemployment rate i
June 17, 2024
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[Wang Son-taek] Distorted myth of strong response
On the Korean Peninsula, military tensions have surged to another high. The tensions began to increase on May 10, when North Korean defector groups sent balloons with anti-North Korea leaflets from South Korea to the North. On May 28, the North sent hundreds of balloons filled with garbage, including excrement, and released a statement that mocked the same balloons as freedom of expression from the South and that balloons from the North are in violation of international law. On May 31, South K
June 14, 2024
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[Robert Fouser] Seoul as a coffee capital
The other day, I was asked what comes to mind when I think of Seoul. I thought for a moment and answered: coffee. Great coffee is everywhere. Judging by the number of cafes, variety of flavors and level of consumption, Seoul has become one of the world’s biggest coffee capitals. How and why did Seoul become a great coffee city? Coffee arrived in Korea with imperialism in the late 19th century. Emperor Gojong loved coffee and often drank it at the Jeonggwanheon in at the palace Deoksugung.
June 14, 2024
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[Mariana Mazzucato, Giovanni Tagliani] Economic shortsightedness is jeopardizing Italy‘s G7 ambitions
On June 13-15, Italy will host the 50th G7 summit in Fasano. Ahead of the meeting, Prime Minister Giorgia Meloni’s government announced an ambitious Africa-centered development plan and invited the leaders of several African countries and the African Union to attend -- the largest number of representatives from the continent at a G7 summit since 2017. Meloni unveiled her Africa initiative, known as the Mattei Plan, at the Italy-Africa Summit earlier this year. It aims to establish internat
June 12, 2024
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[Kim Seong-kon] What to do with ‘no kids zones’
“No kids zones” in South Korea have caught the attention of the foreign press lately. In Le Monde, for example, an article appeared with the title: “South Korea’s ‘no kids zones’ flourish in cafes and restaurants.” Some time ago, The Washington Post, too, reported on South Korea’s no kids zones in an article entitled, “Is it discrimination if you can’t bring your kids to a restaurant?” According to the Le Monde article, the low bi
June 12, 2024
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[Career Compass] Craft yourself as a unique talent
With more than 23 years of experience, Dong Hyun (Ryan) Kim, senior director of Asia Pacific Regional Data and Analytics at the Coca-Cola Company, based in Singapore, is recognized as a global expert in his field. I met with him to hear about his career path. Q: You are a global expert in data and analytics. What is data and analytics? A: Simply put, it enables faster and better decision-making, which ultimately leads to better in-market execution. Companies typically have three core business
June 11, 2024
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[Grace Kao] International fans on the way to 'Music Bank'
One of my favorite activities when I’m in South Korea is to watch the idols arrive at KBS’ “Music Bank” on Friday morning. While “Music Bank” is broadcast Friday evenings, there is a promenade of idols who arrive in the morning in preparation for prerecording and their live performance later in the day. Fans can line up near the entrance and watch them pose for the official photographers before entering the building. This may be the closest they will get to se
June 11, 2024
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[Yoo Choon-sik] Divide between exports, domestic demand
South Korea’s revised gross domestic product data, released late last week, showed its economy grew at the fastest rate in just over two years during the first quarter of this year. While the overall growth rate matched the earlier official estimates, details from the revised data raise a louder alarm about the magnitude of the slump in domestic demand. The country’s GDP grew by a seasonally adjusted 1.3 percent in the January-March period over the previous quarter, the same as the o
June 10, 2024
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[Paolo Cesarini, Christophe Leclercq, Maria Joao Rodrigues] Europe needs a democracy commissioner
When European Commission President Ursula von der Leyen took office in December 2019, she established a “new push for European democracy” as one of her six policy priorities. After the European Parliament elections on June 6-9, one of the biggest threats to democracy still needs to be adequately addressed: the risks confronting Europe’s media sector. To be sure, EU lawmakers have taken important steps that will help safeguard media. The Digital Markets Act, limiting the power o
June 7, 2024
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[Room Tone] Thoughts on talent compensation
Recently, there has been a surge in discussions about the Korean television industry, focusing particularly on the rising production costs of scripted dramas. A key area drawing media attention is the economics of talent compensation, especially for A-list talent at the very top of every casting list. In order to better understand the economics of talent compensation, let us turn to the Korean film industry. For the past two decades, the Korean film industry has thrived on the success of its dom
June 6, 2024
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[Winnie Byanyima, Joseph E. Stiglitz] How to protect world from next pandemic
“History teaches us that the next pandemic is a matter of when, not if,” warned World Health Organization Director-General Tedros Adhanom Ghebreyesus earlier this year. He is right. That is why it is vital that the world’s governments successfully conclude their work of negotiating an accord on pandemic prevention, preparedness, and response. Negotiators were not able to meet the latest deadline for an agreement. They need more time, but they must also be mindful that time is r
June 6, 2024
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[Wang Son-taek] Trash balloons vs. leaflet balloons
North Korea sent over around a thousand balloons filled with trash, including excrement, to South Korea, scattering them across the country. The garbage itself is filthy, but the base nature of North Korea's actions is even more despicable. This incident is also a disgraceful and embarrassing display of the current state of inter-Korean relations. Why did this humiliating situation occur? How should we respond? A lot of angry South Koreans might think the answer should be to accuse North Ko
June 6, 2024
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[Kim Seong-kon] Remembering John Barth and the Korean 1980s
Recently, the celebrated American author John Barth passed away, leaving behind his long-lasting legacy of postmodern literature. In his monumental essay, “The Literature of Exhaustion” (1967), Barth declared that literary realism and conventional modes of literary representation had used up their possibilities in the postmodern era of electronic media and pop culture. In his 1982 sequel essay “The Literature of Replenishment,” he proposed “postmodernism” as a
June 4, 2024
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[Ellen Johnson Sirleaf, Binaifer Nowrojee] More women are needed at the top
Mexico has just elected its first female president, following a rare contest between two women. But while this result represents welcome gains for gender equality, it was an outlier. The broader picture is disheartening. Consider, for example, another recent election. Thirty years after the end of apartheid and the first free vote -- and despite impressive strides (led by women) toward gender equality in other domains -- the people of South Africa still have not had a chance to elect a woman to
June 4, 2024