Most Popular
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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Marine Corps commander summoned by CIO for questioning on alleged influence-peddling case
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S. Korean children, teens grow taller, mature faster than before: study
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Army takes group action against Hybe for neglecting BTS
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Some junior doctors are returning: Health Ministry
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Ador CEO's request for exclusive right to terminate NewJeans' contract with Hybe refused in February
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Debate rages over ‘overly fatty’ samgyeopsal
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Naver will consider company benefits in deciding on selling Line shares: CEO
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[Weekender] Korean psyche untangled: Musok
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Woman dangling from power lines rescued by residents holding blanket
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[Editorial] Wet blanket on relations
Textbooks that Japan’s elementary school students will use from next year contain distorted information about Korean and Japanese history. The government-approved textbooks apparently water down the coercive nature of Japan’s wartime wrongdoings and strengthen its sovereignty claim to South Korea's Dokdo islets, among other things. Historical distortions in textbooks has been getting worse, with Japan increasing ambiguous expressions and unfounded arguments to avoid admitting re
EditorialMarch 30, 2023
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[Lee Kyong-hee] A long way to rekindle Kim-Obuchi spirit
“Thousands of kilometers from their homeland, there were Koreans on the South Pacific islands. They were civilian laborers who built bases for Japanese forces and at times were driven into battle as cannon fodder.” The narration opens “Koreans in the Pacific War,” a KBS documentary based on declassified material from the US National Archives and Records Administration. The 40-minute film, produced in 2021, mostly consists of United News film footage. It traces US Marines
ViewpointsMarch 30, 2023
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[Editorial] Mounting debt problems
The banking crisis, sparked by a loss of confidence by depositors and investors, toppled several banks in the US and Switzerland. It is now spreading into the eurozone. Given the tightly interlinked nature of financial systems across the globe, it is too naive to expect that South Korea would be left unscathed. The failures of Silicon Valley Bank and Signature Bank in the past few weeks sparked turmoil in the global banking sector. After the collapse of Credit Suisse, which was taken over by UBS
EditorialMarch 29, 2023
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[Kim Seong-kon] Living with ChatGPT and GPT-4
These days, artificial intelligence programs such as ChatGPT and GPT-4 are the talk of the town around the world. According to the press, approximately 100 million people are now conversing with ChatGPT every day. ChatGPT is convenient enough that people use it whenever necessary, heavily depending on it for many functions. ChatGPT can give us not only necessary information and knowledge, but also valuable advice and guidance. Thanks to the manifold conveniences of ChatGPT, there are now fewer r
ViewpointsMarch 29, 2023
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[Contribution] Kazakhstan on way to important milestone
The start of this year could not have been any more different for Kazakhstan when compared to the tragic events of January 2022. Just over 12 months ago, our country was amid a violent coup attempt orchestrated by groups that wanted to see our nation collapse. There was a real possibility that Kazakhstan’s statehood would fall apart from within, which would have had reverberating consequences well beyond Central Asia. Fortunately, our country managed to not only recover from the wounds of
Diplomatic CircuitMarch 28, 2023
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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