Credit loans for stock purchases reach yearly high

The Korea Herald > Opinion

[Editorial] Amendment needed

Last year, local journalists as well as private school organizations filed four separate petitions, asking the Constitutional Court to review the antigraft law, also called the Kim Young-ran Act. However, the court had said the law does not put direct restriction on contact between journa...

Updated : 2016.07.29 17:46

[Editorial] Corporate tax

The tax code revision pushed this week has somewhat reflected policymakers’ efforts to maximize the effect of the government-led supplementary budget worth 11 trillion won ($9.8 billion). The taxation policy involves easing tax burdens on the corporate sector. The easing is somewhat laud...

Updated : 2016.07.29 17:45

[J. Bradford DeLong] History gives lessons in inequality

The Berkeley economist Barry Eichengreen recently gave a talk in Lisbon about inequality that demonstrated one of the virtues of being a scholar of economic history. Eichengreen, like me, glories in the complexities of every situation, avoiding oversimplification in the pursuit of conceptu...

Updated : 2016.07.29 17:43

[Robert B. Reich] Does Hillary Clinton get it?

Does Hillary Clinton understand that the biggest divide in American politics is no longer between the right and the left, but between the antiestablishment and the establishment? I worry she doesn’t...

Updated : 2016.07.29 17:42

[Editorial] Working from home

The government’s campaign to raise the nation’s low fertility rate is not working, based on data for May released by Statistics Korea.  During the six months since December, the number of newborns fell each month compared to a year ago. In May, 34,400 babies were born, a drop of 5.8 per...

Updated : 2016.07.28 16:12

[Editorial] Domestic tourism

More Koreans are traveling abroad despite the economic slowdown and a spate of terrorist attacks worldwide. The number of Koreans who went overseas in the first half of the year reached 10.6 million, up 16.2 percent from a year ago, according to the Korean Tourism Organization. Travel agen...

Updated : 2016.07.28 16:12

[David Ignatius] Is Venezuela the Fidelistas’ last stand?

WASHINGTON -- In a bizarre turn of fate, the diehard supporters of Fidel Castro’s left-wing ideology seem to be fighting their last battle in Venezuela, as the frustrated, hungry population there pushes for democracy and change.The political stalemate in Venezuela continued this week as t...

Updated : 2016.07.28 16:08

[Faith Bautista & Jeff Nino Lim] Bloodless victory possible in South China Sea

Since Spain conquered the Philippines 495 years ago, this country’s destiny has too often been determined by great foreign powers.  However, former President Benigno Aquino III’s suit at the Permanent Court of Arbitration in The Hague in 2013 concerning the South China Sea has set the s...

Updated : 2016.07.28 16:05

[Chon Shi-yong] Mayor Park preparing for flight

Seoul Mayor Park Won-soon is a strong potential presidential candidate for the liberal camp, but he has neither confirmed nor denied his presidential ambitions. The mayor maintained this position duri...

Updated : 2016.07.28 16:04

[Editorial] Legend or myth?

Nexon founder Kim Jung-ju belongs to a new breed of entrepreneurs who have engineered Korea’s information technology boom and built their own business empires. In many respects, Kim and his fellow IT gurus like Naver’s Lee Hae-jin, Kakao founder Kim Beom-soo and NCSoft founder Kim Taek-j...

Updated : 2016.07.27 16:21

[Editorial] Chinese way

China, like many other countries, has many faces. It boasts the world’s second-largest economy, military power and advanced technologies in some sectors like aerospace. At the same time, China has yet to overcome backwardness in its political and economic system and various social norms w...

Updated : 2016.07.27 16:21

[Bo Lidegaard] Hillary and the Scandinavian-American dream

This week, Hillary Clinton will address the Democratic National Convention in Philadelphia to accept her party’s presidential nomination and present its platform. When she does, she will define her vision of, among other things, the social contract in America.It will be a crucial moment. ...

Updated : 2016.07.27 16:19

[David Ignatius] Can a rebuked China manage anger? 

China suffered a significant setback this month in its bid for dominance in the South China Sea, and its leaders are following a familiar script after such reversals: They’re making angry statements ...

Updated : 2016.07.27 16:18

[Editorial] Probing prosecutors

The prosecution has been exercising exclusive authority to indict and control police investigations.The late President Roh Moo-hyun had tried to set up an independent entity in an apparent bid to check the power of prosecutors, but failed due to tough resistance from the prosecution and co...

Updated : 2016.07.26 16:28

[Editorial] Fast-aging Korea

Recent government data sounded the alarm on the need for South Korea to urgently brace itself for a rapidly aging society.  Statistics Korea said that the number of citizens aged 100 or older had surged 72 percent from 2010. The figure showed that 3,159 centenarians were living in the cou...

Updated : 2016.07.26 16:28