Most Popular
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Cash-strapped Tmon, WeMakePrice file for court receivership
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[KH Explains] Korea-Japan breakthrough? Watershed weekend faces challenges
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Korea to tackle wedding charges, housing regulations to boost birth rate
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S. Korea wins 3rd straight gold in men's archery team event
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S. Korean women archers dominate Olympics for 36 years
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[Business Diplomacy] As Trump targets EVs, Hyundai-Kia shifts gears to hybrids
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Tall tales and theories on S. Korea's dominance in archery
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Internet drives K-pop stars to overwork
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Heat wave, tropical nights to persist this week
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'My Name Is Gabriel' losing viewership battle with 'Jinny's Kitchen'
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[Editorial] Predictability matters
The Financial Services Commission, South Korea’s top financial regulator, has suddenly delayed the planned implementation of the second phase for tighter debt service ratio limits. But the delay is feared to send misleading signals to the financial and real estate markets. The FSC announced Tuesday that tougher rules on household loans will be applied from the beginning of September, instead of July. The decision for the two-month delay came less than a week before the new rules were to be
EditorialJune 28, 2024
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[Wang Son-taek] New strategy after the treaty in Pyongyang
On June 19, North Korea and Russia signed a historic partnership treaty in Pyongyang. The strategic and comprehensive treaty exceeded general predictions and was evaluated as restoring the military alliance. The restoration of the alliances drew keen attention from major media worldwide as it shook the strategic balance around the Korean Peninsula. A controversial topic of South Korea's nuclear armament has been revived in Seoul and Washington. The South Korean government also strongly cond
ViewpointsJune 27, 2024
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[Ana Palacio] Putin-Kim pact offers opportunity
June has been a busy month for Russian President Vladimir Putin. In a speech at Russia’s Ministry of Foreign Affairs, he outlined his terms for peace negotiations with Ukraine and proposed establishing an alternative international security system in collaboration with China. A week later, during a two-day visit to Pyongyang, he signed a strategic defense pact with North Korean dictator Kim Jong-un. Russia and North Korea pledged to provide each other with immediate military assistance in t
ViewpointsJune 27, 2024
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[Editorial] Youth job blues
The number of young working-age people who are unemployed and yet refuse to look for jobs has begun to increase again after falling for nine months. A Statistics Korea survey released Sunday found that 398,000 people aged 15 to 29 “just rested” at home last month doing nothing to make money or search for jobs. The figure was up 13,000 from a year earlier. Most unemployed people look for jobs, but these people do not. They give up seeking jobs and just take a rest though they have no
EditorialJune 27, 2024
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[Kim Seong-kon] Those who don the mask of justice
We often confuse justice with revenge and punish someone we hate in the name of justice. Indeed, personal acts of vengeance and political vendettas tend to wear the mask of justice. That is why Michel Foucault warned us; “Justice must always question itself, just as society can exist only by means of the work it does on itself and on its institutions.” Indeed, we should cast doubt on the people who claim that they can bring justice to our society, because what is called “justic
ViewpointsJune 26, 2024
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[Editorial] Improve safety standards
A massive fire broke out at a lithium battery plant in Hwaseong, Gyeonggi Province, Monday, leaving 23 people dead and eight injured. As one of the worst chemical plant accidents in South Korea, it raises questions about the cause of the fire and the lack of safety measures. All the deceased victims were found on the second floor of the gutted warehouse at the plant of lithium battery maker Aricell, where the fire started at 10:31 a.m. Monday. Firefighters rushed to the three-story, reinforced c
EditorialJune 26, 2024
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[Grace Kao] Six degrees of Astro's JinJin
Life is full of surprises, and you never know where it will take you. This was the theme of my recent meeting and dinner with JinJin of Astro. JinJin is the leader and main rapper of the boy group. Hit singles included their bubbly debut song, “Hide & Seek,” and later songs such as “Crazy Sexy Cool,” “Blue Flame,” “After Midnight,” and “Candy Sugar Pop.” Most recently, Astro released the single “Circles” to celebrate the eig
ViewpointsJune 25, 2024
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[Editorial] Food prices too high
Food is 56 percent more expensive in Korea than in member countries of the Organization for Economic Cooperation and Development, according to a Bank of Korea report last week. Prices of clothing and shoes were 61 percent higher than the OECD average last year. Housing was 23 percent more expensive. On the other hand, electricity, natural gas and water bills were 36 percent cheaper than the OECD average. This is largely because the government suppresses the prices artificially for political reas
EditorialJune 25, 2024
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[Yoo Choon-sik] What MSCI’s assessment means for South Korea
South Korea again failed to obtain the reclassification of its stock market as a developed market by global index provider MSCI after the country reimposed a full ban on stock short selling, which overshadowed positive assessment among foreign investors of the country’s efforts to lower the barrier for access to financial markets here. According to a statement released last week, Morgan Stanley Capital International recognized and welcomed some of the measures that South Korea has announce
ViewpointsJune 24, 2024
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[Mary Rasenberger] Pay for art used to train AI
Amid the hype surrounding Apple’s new deal with OpenAI, one issue has been largely papered over: The AI company’s foundational models are, and have always been, built atop the theft of creative professionals’ work. The arrangement with Apple isn’t the only news from OpenAI. Among recent updates and controversies including high-level defections, last month the company quietly announced Media Manager, scheduled for release in 2025. A tool purportedly designed to allow creat
ViewpointsJune 24, 2024
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[Editorial] Turning point
The abrasive confrontation between the Yoon Suk Yeol administration and doctors over the increase in the medical school enrollment quota faces a turning point after medical professors at the hospitals affiliated with Seoul National University decided to end their collective action and a new body representing more doctors was launched. Medical professors who serve as senior doctors at Seoul National University Hospital announced Friday that they would end an indefinite walkout amid mounting conce
EditorialJune 24, 2024
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[Editorial] Dangerous cooperation
North Korean leader Kim Jong-un and Russian President Vladimir Putin signed a new “comprehensive strategic partnership” treaty in Pyongyang on Wednesday, a development that has triggered concerns about heightened geopolitical tensions on the Korean Peninsula. Under the comprehensive strategic partnership, North Korea and Russia agreed to offer military assistance “without delay” by mobilizing all means possible if either is attacked, according to the full text of the trea
EditorialJune 21, 2024
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[Serendipity] Lost in Yunchan Lim's universe
I almost did not make it to pianist Yunchan Lim’s recital at the Bucheon Art Center on Monday night. In my harried state after work, I got Bucheon and Bupyeong mixed up and called for a cab to the Bupyeong Art Center. Both Bucheon and Bupyeong are cities in Gyeonggi Province, about 30 minutes apart by car. Both have an art center. The 1,445-seat concert hall was packed, tickets for Lim’s recital having sold out in 50 seconds. Among those in the audience were 15 lucky Bucheon resident
ViewpointsJune 20, 2024
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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
ViewpointsJune 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
ViewpointsJune 20, 2024
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[Editorial] Party for one person
Last week, the prosecution indicted Lee Jae-myung, leader of the main opposition Democratic Party of Korea, without detention on suspicion of being involved in Ssangbangwool’s illegal payment of money to North Korea. It came days after the first-trial court had sentenced Lee Hwa-young, former vice governor of Gyeonggi Province, to nine years and six months in connection with the case. The case concerns allegations that Kim Sung-tae paid North Korea a total of $8 million at Lee Hwa-young&rs
EditorialJune 20, 2024
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[Editorial] Striking a balance
The Yoon Suk Yeol administration is now seeking to revise laws on property and inheritance taxes as part of efforts to lessen the tax burden on the public and companies, a policy direction that will meet the demands of many taxpayers, but there are concerns as to whether these policies are really needed given measures already taken. Sung Tae-yoon, director of national policy at the presidential office, appeared on a TV program Sunday where he stressed there was a need to overhaul or abolish the
EditorialJune 19, 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
ViewpointsJune 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
ViewpointsJune 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
ViewpointsJune 18, 2024