Articles by 김케빈도현
김케빈도현
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This is no way to mend Europe’s banks
Europe urgently needs to repair a banking system that’s weighing on the region’s economy. Governments say they understand, but they still aren’t taking the task seriously.The issue is global standards for capital -- the bedrock financing that makes banks capable of absorbing losses without going bust. Lack of capital in 2008 turned financial setbacks into a full-scale crisis. Regulators agreed on tougher capital standards back in 2010; now, the Basel Committee on Banking Supervision, which inclu
Viewpoints Oct. 30, 2016
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[Editorial] Park’s job
All the recent presidents here encountered difficulties in the final phase of their presidencies due to wrongdoings committed by their relatives, aides and associates. Some of them went to jail on charges of exploiting their close relationships with the president and engaging in corruption or influence-peddling. President Park Geun-hye has fallen into crisis due to the snowballing scandal that centers on her longtime associate Choi Soon-sil. For all the similarities, there is one big difference
Editorial Oct. 27, 2016
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US, South Korea must shore up alliance to keep North in check
The US and South Korea have held a ‘two-plus-two’ meeting of foreign and defence ministers in Washington, during which they positioned the improvement in North Korea’s nuclear and missile capability as ‘a direct threat’ while also announcing specific policies to deal with the situation. The policies include a US pledge to continue providing South Korea with extended deterrence, the main pillar of which is a nuclear umbrella. The two nations have also agreed to establish high-level dialogue aimed
Viewpoints Oct. 27, 2016
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[Salman Haidar] Building with Brics
Goa has just played host to an impressive group of heads from different parts of the world, weighty figures who lead countries that have recently emerged into prominence and collectively bid fair to reshape processes of international cooperation. Brics, whose Summit meeting brought these high dignitaries to India, is a relatively new grouping of emerging countries -- Brazil, Russia, India, China and South Africa -- that is to say of countries that have come out of relative obscurity in global co
Viewpoints Oct. 27, 2016
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[Ravindra Kumar] Selling a brand named nationalism
It’s time to worry when an utterly illogical proposition begins to sound half-way logical because it has been repeated over and over again, and because glaring gaps in reason have been plugged with dollops of nationalism. The ongoing cultural war between India and Pakistan, flagged off by a controversy surrounding the screening of a Bollywood film and culminating in a ban by Pakistan of all Indian content, is a case in point. The Bollywood film stars a Pakistani actor, Fawad Khan, who apparently
Viewpoints Oct. 27, 2016
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[David Ignatius] Middle East knows to be wary of America‘s promises
When America fights its wars in the Middle East, it has a nasty habit of recruiting local forces as proxies and then jettisoning them when the going gets tough or regional politics intervene. This pattern of “seduction and abandonment” is one of our least endearing characteristics. It’s one reason the US is mistrusted in the Middle East. We don‘t stick by the people who take risks on our behalf in Iraq, Egypt, Lebanon and elsewhere. And now, I fear, this syndrome is happening again in Syria, as
Viewpoints Oct. 27, 2016
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China gears up: As plenary session opens, internal issues rule
As the US political campaign encourages simplistic views of foreign affairs, with candidates assuming falsely that voters cannot handle the complexities, the view of China making the rounds tends to be left out a lot.In fact, that nation of 1.3 billion, with an enormous, growing economy, governed through an archaic, at least in principle highly ideological structure, tends to be so preoccupied with its own internal problems as to be virtually incapable of presenting any real threat to the United
Viewpoints Oct. 27, 2016
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[Narciso Reyes Jr] Embracing the dragon
With stinging words in Beijing against our top ally, America, President Rodrigo Duterte is taking the Philippines on a foreign policy adventure that carries with it immense socio-economic import and potentially dangerous geopolitical repercussions.If he goes beyond catchy rhetoric and actually sets in motion policies and events that cuts the Philippines’ deep and complex ties with America -- a paradigm shift that will place it firmly in the political-military orbit of such countries as the hermi
Viewpoints Oct. 27, 2016
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[Kim Hoo-ran] Culture sector falls victim to avarice of president’s confidante
President Park Geun-hye’s brief apology Tuesday afternoon that lasted all of 1 1/2 minutes was the final blow for those who had been holding out hope that what they had seen in the news was not true. Watching Park on television admit to seeking Choi Soon-sil’s assistance made stomachs churn. She said that she consulted with Choi, who had helped her during difficult times, so as to be “thorough” and out of “pureness of heart.” If this is how Park truly views the situation, then she can be accused
Viewpoints Oct. 26, 2016
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[Editorial] China’s tourism limit
The Chinese government appears to be embarking on economic retaliation against South Korea over the decision by Seoul and Washington to station the Terminal High Altitude Area Defense system on the peninsula.Beijing’s action targets the tourism industry here, as it has instructed its private travel agents to cut the number of tourists to Korea by 20 percent on-year. The state-led regulations will also reportedly include curbing low-price package tours and discouraging shopping in Korea.The trave
Editorial Oct. 26, 2016
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The US can stay friends with the Philippines
For a moment last week, Philippine President Rodrigo Duterte seemed to have orchestrated one of the most dramatic geopolitical shifts in Asia since the end of the Cold War -- abandoning the US, his country’s longtime ally, for rival China. Characteristically, he did so with zero subtlety. In responding, the US should avoid making the same mistake.That’s not to say Duterte’s anti-US comments in Beijing last week should be dismissed as the ravings of a hot-tempered diplomatic lightweight. He remai
Viewpoints Oct. 26, 2016
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[Michael Hiltzik] AT&T-Time Warner merger raises host of doubts for consumers
Apparently we’re supposed to sympathize with giant conglomerates AT&T and Time Warner. They’re so beleaguered by changes in their core businesses that their only path to survival, so they say, is a merger valued at $84.5 billion that will keep their fleeing customers corralled. Consumer advocates aren’t buying this. Politicians across the spectrum aren’t buying this — who would expect to find Donald Trump, the Hillary Clinton campaign and Democrats in the US Congress, who all are expressing doub
Viewpoints Oct. 26, 2016
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[Ana Palacio] The Brexit Paradox
The French mathematician Blaise Pascal famously said, “It is not certain that everything is uncertain.” Had he been around for Brexit, he might not be so sure. While a moderate outcome remains likely, uncertainty and animosity have been on the rise in recent weeks. This is the Brexit paradox: The longer it takes for pragmatism to re-enter the debate, the higher the chance that the chilling effect of the unknown will cause permanent damage to both the United Kingdom and the European Union.This wa
Viewpoints Oct. 26, 2016
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[Kim Myong-sik] Ewha University barely saves 130-year reputation
“If you don’t see it, I’m a woman from Edae. You can’t put me into the big house!” Kim Hye-su famously said in the 2006 hit movie “Tazza.” The glamorous actress, playing a gambling house madam, was resisting a police detective trying to arrest her in a raid. “Edae” here is short for Ewha Womans University, the oldest women’s university in Korea and reputedly the largest in the world, with 25,000 students and 210,000 graduates.Without understanding the special place this school has in Korean soci
Viewpoints Oct. 26, 2016
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Beijing’s gas development in East China Sea violates trust with Japan
A promise between Japanese and Chinese leaders appears to have been one-sidedly discarded similar to a mere scrap of wastepaper, and this should not be overlooked.China has started operating two gas fields near the Japan-China median line in the East China Sea. In early October, the Maritime Self-Defense Force confirmed gas flares at the production sites and photographed them.This means 12 of the 16 offshore facilities that China has constructed are now in operation.Demarcation between Japan and
Viewpoints Oct. 26, 2016
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