[Kim Seong-kon] Living in the age of ‘difference’ and ‘crossover’

Since the 1960s, literary critics have preached the importance of “difference” and “crossover.” Inspired by postmodernism, they have urged us to respect differences and to be open to crossovers in every sphere of our lives.As ...

[Lee Jae-min] Intervention or non-intervention

In the time of a national economic emergency, governments are inclined to take extraordinary measures to save the national economy. Situations could require drastic steps and direct intervention by agencies. A responsible governme...

[Editorial] Foreign residents

Justice Ministry data showed early this week that the number of foreign nationals in South Korea, including tourists, has topped 1.9 million for the first time, heralding the upcoming era of 2 million foreigners.The figure of 1.94...

[Editorial]Car sale crisis

Hyundai Motor Group has suffered a rapid drop in car sales in China so far this year, although the market has been the most lucrative revenue source for the second-largest South Korean conglomerate.Hyundai Motor posted 229,011 uni...

[Kim Haeng-jung] A family month present

On April 16, something unusual happened at our farmhouse, marking a milestone in our rural life since we started farming and gardening about 10 years ago. My wife and I held an unveiling ceremony of stone toads in commemoration of...

Mexico’s faltering fight against corruption

Corruption in Mexico is not just a legal and moral problem. It is an economic one. The annual cost amounts to 5 percent of gross domestic product, according to one report, which also found that almost half of business owners said ...

[Thitinan Pongsudhirak] A role reversal for Myanmar and Thailand

Rarely do next-door neighbors move as rapidly in opposite political directions as Thailand and Myanmar have in recent years. After more than a half-century of military dictatorship, Myanmar has restored democratic rule, and now ha...

[Albert R. Hunt] Candidates’ claims of American decline are hype

As in any U.S. national election without an incumbent president, this race’s candidates are painting an ugly picture: The country is “going to hell,” bluntly asserts the Republican front-runner, Donald Trump.One of his Democrat...

[Editorial] Constraints on FX policy

Korea has avoided being designated as a “currency manipulator” by the United States, but the government needs to be more cautious in undertaking foreign exchange operations, as Washington has put the nation on its “monitoring l...

[Editorial] Bank recapitalization

A debate is raging over how to recapitalize the two state-run banks that have to lead the government‘s corporate restructuring process.The Korea Development Bank and the Export-Import Bank of Korea are in urgent need of capital i...

[Cass R. Sunstein] The mistake that most traders make

Do investors suffer from behavioral biases? New research demonstrates that they do: They think that a crash is far more likely than it actually is. After you read the newspaper, you might well overreact to bad news about the marke...

[Mohamed A. El-Erian] Bank of Japan finds it can’t win

Pity the Bank of Japan. Disappointed by the central bank’s decision at Thursday’s policy meeting to delay further stimulus measures, markets pushed the yen higher, making exports less competitive, and drove share prices lower, w...

[Jeffrey D. Sachs] Shift to clean energy calls for new politics

The diplomats have done their job, concluding the Paris climate agreement in December. And political leaders gathered last week at the United Nations to sign the new accord. But implementation is surely the tough part. Governments...

[Jean Pisani-Ferry] Don’t do stupid economic stuff

On Aug. 30, 2013, the United States was about to launch air strikes on Syria, where more than a thousand civilians had died in a sarin gas attack perpetrated by the army of President Bashar al-Assad. But a few hours before the str...

[Mark Buchanan] Why we fear spiders more than climate change

People tend to fear spiders and snakes more than they do electrical sockets or fireworks, even though the latter present a far greater danger. This might help explain why humans have such a hard time seeing the threat of climate c...