[Kim Ji-hyun] What negative rates in Japan mean for Korea

TOKYO — Japanese equities have tumbled, to say the least. The country’s lending rates are below zero, and for the first time the interest rates on long-term government bonds are also negative. On Tuesday, Japan’s stock benchma...

[Steve Andreasen] Nuclear threats from North Korea and Iran

North Korea’s latest underground nuclear test -- punctuated over the weekend by the rocket launch of a satellite that most experts believe is tied to the development of a long-range ballistic missile -- has set off an avalanche o...

[Shin Yong-bae] Pinning hopes on ‘one-shot’ act  

After many twists and turns, the National Assembly last week barely passed a controversial bill aimed at boosting corporate vigor.Simply put, the special law with a three-year mandate will ease regulations stipulated in other econ...

[Editorial] 'One-shot' law

After many twists and turns, the Corporate Vitality Enhancement Act has been finally enacted. The legislation is aimed at revitalizing Korea’s major industries, such as shipbuilding and steelmaking, which have been suffering from...

[Editorial] Sanctions with teeth

Ignoring repeated warnings from the global community, North Korea has launched a long-range rocket. Pyongyang claimed the launch was part of its scientific space program, but it was a thinly disguised ballistic missile test. In a...

[Jean Pisani-Ferry] The politics of young and old

If one considers some of today’s main challenges – including climate change, pensions, public debt, and the labor market – an obvious conclusion emerges: It is relatively much worse to be young today than it was a quarter-centu...

[Kim Ji-hyun] ‘Geunhyenomics,’ or the lack thereof

The eponymous “Abenomics,” a set of reform plans named after Japanese Prime Minister Shinzo Abe, frequently turns up in the world’s media. But nobody ever refers to “Geunhyenomics” for South Korean President Park Geun-hye, a...

Syria and neighbors need peace talks to work 

Most of the world has a stake in the success of the talks on Syria which have begun in Geneva, Switzerland, weak though their prospects for success may appear to be. First of all has to be the importance of the matter for the Syr...

[Editorial] Vacation risks

Lunar New Year vacation will be from Saturday to Wednesday for most Korean citizens, a large portion of whom will meet with family and relatives. Some Koreans will make trips abroad while there is also an expected influx of inbou...

[Editorial] TPP pressure

Some trade-related agencies and businesses in South Korea seem to be ill at ease over the nation’s absence from talks for the Obama administration-initiated Trans-Pacific Partnership, a kind of regional economic bloc. Concerns a...

[Editorial] North Korea ups the ante

North Korea has demonstrated its determination to up the ante in its confrontation with the United States and the world community by deciding to push ahead with a long-range missile test later this month. The North has notified i...

[Editorial] Performance culture

As part of its labor reform campaign, the government is set to launch a drive aimed at transforming the wage systems of domestic financial institutions. As a first step, the Financial Services Commission is pushing to introduce pe...

[Kim Ji-hyun] Courtesy makes for a pleasant life

It’s pretty common knowledge that Japanese people are polite.  But it’s not just that. Not just the gestures. It’s more about the way people interact.  The basis is rather simple. It’s actually not just a blind avoidance of ...

[Kim Myong-sik] Fragmented Korean partisan politics 

It appears that North Koreans are ready to launch another rocket to demonstrate that they can send a nuclear warhead to any target in the world.  American and Japanese security officials have been trying to devise countermeasures...

[Editorial] Enemy within

On Tuesday, Rep. Ahn Cheol-soo and his supporters officially launched the People’s Party, a breakaway group from The Minjoo Party of Korea, the main opposition party.  The party put forward many nice words -- like political refo...