Most Popular
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Korean industries gauge impact of Biden's steep tariffs on China
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Do Korean doctors make too much money?
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Is FTC's conglomerate listing a boon or bane for Hybe?
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NewJeans to headline palace show
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Why Korean crime stories typically feature nameless, faceless perpetrators
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Coupang's Kim Bom escapes chaebol chief designation again
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Rare mid-May heavy snow warning issued over mountainous areas of Gangwon
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Debate on 'no-seniors zones' heats up
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CIO chief nominee to explain allegations at confirmation hearing
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Court refuses injunction on medical school expansion
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[Editorial] Peak wage system
Domestic banks are among the first companies in Korea to adopt a peak salary system, which extends retirement age for senior employees in return for gradually reducing their salaries in the years leading up to retirement. They introduced the new arrangement one after another following an example set
EditorialSept. 16, 2011
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[Jonathan Weil] European bank blowups hidden with shell games
The last time the world had a major banking crisis, fair-value accounting rules were near the top of the list of scapegoats most likely to be denounced by government and industry leaders. Not so this go-around. Today many of Europe’s largest financial institutions are seemingly on the brink again, d
ViewpointsSept. 16, 2011
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[Robert Reich] Perry’s plan to help blue states
Of all the nonsense Texas Gov. Rick Perry spews about states’ rights and the 10th amendment, his dumbest is the notion that states should go it alone. “We’ve got a great Union,” he said at a Tea Party rally in Austin in April 2009. “There’s absolutely no reason to dissolve it. But if Washington cont
ViewpointsSept. 16, 2011
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Japan’s new trade chief must act on nuke issues
Former chief Cabinet secretary Yukio Edano was named economy, trade and industry minister Monday to succeed Yoshio Hachiro, who resigned over insensitive remarks and actions toward disaster-hit areas.Edano served as secretary general of the Democratic Party of Japan and chief Cabinet secretary under
ViewpointsSept. 16, 2011
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No end in sight 10 years on
Ten years after the Sept. 11 terrorist attacks on the United States, people still remember the collapse of the two World Trade Center towers. But the world has changed in those 10 years. The 9/11 attacks have greatly changed the Middle East, the U.S. and even the world. But it’s hard to tell who has
ViewpointsSept. 16, 2011
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Burma is not changing enough for recognition
The speech by Burmese Foreign Minister U Wunna Muang Lwin to the United Nations Human Rights Council in Geneva earlier this week was very impressive. He discussed at length the progress his country has been making since the new government under President Thein Sein was formed in March. He said Burma
ViewpointsSept. 16, 2011
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[Frank Ching] As China rises, so does fear
The latest issue of Foreign Affairs magazine carries an article on the inevitability of China becoming the next superpower, one of a mounting cascade of articles on America’s decline and China’s rise. For many Chinese, it is high time for their country to regain its rightful place in the world,
ViewpointsSept. 16, 2011
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[Editorial] Cornered opposition party
The main opposition Democratic Party appeared to be coming roaring back when its gamble paid off in the April parliamentary by-elections. Its leader, Sohn Hak-kyu, ran in one of the ruling Grand National Party’s conservative bastions and won.Then came an ill-advised decision by Oh Se-hoon, the GNP-a
EditorialSept. 15, 2011
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[Editorial] Abandoning principle?
In his confirmation hearing on Wednesday, Unification Minister-nominee Yu Woo-ik said he would exercise “flexibility in methodology” in relations with North Korea while maintaining a “principled approach” to them. In making this remark, did he mean to be deliberately ambiguous or did he have a probl
ViewpointsSept. 15, 2011
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[Shahid Javed Burki] The war on terror is most costly for Pakistan
ISLAMABAD ― The 9/11 terrorist attacks in the United States sent shock waves around the world from which Pakistan has still not recovered. Indeed, Pakistan’s participation in what former President George W. Bush called the “global war on terror” has produced overwhelmingly negative consequences, as
ViewpointsSept. 15, 2011
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[Joel Brinkley] Durban III set for Islamophobia
Scores of states are meeting at the United Nations later this month for a hatefest that promises to be so odious that a dozen Western countries, including the United States, have already announced that they will not attend.It’s called Durban III, the third iteration of a conference first held in Sou
ViewpointsSept. 15, 2011
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Boomers turn conservative as they grow old
Baby boomers who came of age during the social and political upheavals of the 1960s and 1970s tended to call themselves Democrats, and as time passed, that identification strengthened. In 1969, far more in the 18- to 29-year-old age cohort ― the front end of the baby boom ― called themselves Democra
ViewpointsSept. 15, 2011
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[Trudy Rubin] War on terrorism a phantom
Did we win the war on terrorism?Ten years after 9/11, Osama bin Laden is dead, and al-Qaida is fractured. There’s been no second attack (although intelligence chatter has picked up possible threats during anniversary commemorations).So people ask: Did we win?Not really. What we’ve won is hard knowle
ViewpointsSept. 15, 2011
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[Park Sang-seek] Ideological polarization in capitalist democracies
After the cold war ended, the ideological conflict between East and West ended and the wind of democracy blew in the East and the South, but history has not ended. Instead, the North-South divide which had already emerged in the cold war period has become more serious and a new grand debate on the c
ViewpointsSept. 15, 2011
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[Editorial] R&D collaboration
According to a report published by the National Science and Technology Council, the Korean government, research institutes, universities and corporations invested a total of 43.85 trillion won ($37.93 billion) in R&D in 2010, up 15.6 percent from the previous year. The high increase rate is notewort
EditorialSept. 14, 2011
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[Editorial] Curbing household loans
Last month, domestic banks were criticized for abruptly halting the extension of fresh loans to households. They took the surprise move to comply with the regulator’s policy to rein in household debt. But it was an act that totally ignored the inconvenience that people in urgent need of loans would
EditorialSept. 14, 2011
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[Omar Ashour] Long journey from 9/11 to the Arab Spring
CAIRO ― Al-Qaida’s operating environment today is vastly different from the one in which it launched its most notorious operation, the 9/11 terror attacks. Osama bin Laden, al-Qaida’s founder and charismatic leader, was killed by United States Navy Seals in Pakistan in May. Three brutal Middle East
ViewpointsSept. 14, 2011
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[David Ignatius] The payoff of quiet leadership
WASHINGTON ― Barack Obama got elected president in part because he promised to change the foreign-policy priorities of a Bush administration that was unpopular abroad, had strained relations with key allies and was facing a growing Iranian challenge and a continuing menace from al-Qaida. So wha
ViewpointsSept. 14, 2011
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[William Pesek] Obama’s soul mate down under may be down
It’s as predictable as political leadership gets: When things go awry at home, escape overseas for a while, grip and grin with a foreign head of state and change the subject. Barack Obama may have this tried-and-true strategy in mind as he plans to visit Australia, which is about as far as a U.S. pr
ViewpointsSept. 14, 2011
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[Jaime O’Neill] Hard times have spawned great art, but not these hard times, it seems
Economists and politicians told us that the recession was over, though some of them now worry about it taking a double dip. For those of us living farther from the ledger sheets and closer to the reality of what’s happening in our towns and on our streets, this has been and remains a depression. It’
ViewpointsSept. 14, 2011