Most Popular
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1 in 3 Koreans live alone, family types becoming diverse
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Korea, Japan finance chiefs vow to tame rampant FX market volatility
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K-pop group's manager dismissed for setting up spycam in theater dressing room
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K-pop singer lost consciousness after being hit by foul ball, cancels show
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Contentious grain bill put directly to plenary meeting for vote
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Korean Muslim YouTuber's plan to build mosque in Incheon goes viral
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Why is Apple Pay struggling to get purchase in Korea?
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Yoon's office denies considering liberal figures for key posts
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Trilateral talks acknowledge ‘serious’ slumps of won, yen
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[Today’s K-pop] BTS pop-up event to come to Seoul
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[Yvette Wohn] Korean modern art needs permanent home
As an art enthusiast living in New York whose pastime is spent traveling to see art, I have never felt more proud to be Korean. Since last year, there have been so many special exhibitions of Korean art and solo exhibits of Korean artists taking place in the US and Europe. Adding to my excitement is the fact that there is more modern Korean art (from the 1860s to the 1970s) on display, which is relatively hard to find outside of Korea. These days, however, there seems to be a surplus of Korean a
March 19, 2024
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[Yoo Choon-sik] Korea’s construction industry slump deepens
South Korea’s economy is widely expected to post a pick-up in growth this year thanks to a recovery in exports after months of extremely poor performance. However, a recent series of data points to the slump in domestic demand worsening, and the construction sector’s troubles are particularly worrying as project-financing loans remain a key risk to the economy. Some of the project-financing loans, which surged in line with the booming property market, especially during the previou
March 18, 2024
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[J. Bradford DeLong] The mystery of US interest rates
In the United States, the long-term real safe interest rate – the inflation-adjusted return on low-risk investments such as Treasuries – is, in addition to “financial conditions,” the key mechanism influencing both the incentive to build and the balance of net exports (owing to its effect on the exchange rate). From early March to mid-May 2022, this metric jumped by more than one percentage point as the bond market realized that the US Federal Reserve would soon curtail i
March 18, 2024
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[Carl P. Leubsdorf] Another key date in US history?
With Donald Trump, everything is often the biggest ever or the grandest ever. His political movement, he often proclaims, is the greatest in American history. And Nov. 5, when he hopes to regain the presidency, “will be the most important day in our nation’s history.” Really? Bigger than July 4, 1776? Or the day Abraham Lincoln issued the Emancipation Proclamation? Or the day the Berlin Wall fell, marking the end of the Cold War and portending the collapse of the Soviet Union?
March 15, 2024
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[Career Compass] Mentor is invaluable asset. Get one, or more
Is having a mentor a good idea? I want to try it but don’t know much about how the relationship works. Where do I find a good mentor, and what do I discuss with the mentor? Yes, having a mentor is an invaluable asset. A mentor is hugely beneficial for both professional and personal growth. Think of a mentor as an advisor, a supporter and a confidant. Mentors lend their ears, share their experiences and offer wisdom to help you overcome challenges and achieve your goals. However, like a
March 14, 2024
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[Noelle Lenoir] Can UNRWA officials be prosecuted?
There is growing evidence that some employees of the UN Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) have been involved in terrorism-related activities in Gaza. If true, and if the problem turns out to be more widespread than is currently known, the implications would be profound. An official UN body being complicit in war crimes would be one of the greatest scandals in the organization’s history. According to an Israeli intelligence document, a dozen UNRWA emplo
March 14, 2024
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[Kim Seong-kon] ‘Home is where the heart is’
What is “home”? The English word “home” has diverse meanings. It refers to not only “home,” but also “house,” “hometown” and “homeland.” English-speaking people also use expressions, such as “homeless,” “home for sale,” “high school homecoming” or “homecoming queen.” Well-known English phrases include: “There’s no place like home,” “Home, sweet home&rdqu
March 13, 2024
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[Reed Galen] Why Trump can’t win
Donald Trump was the unlikeliest of American presidents. When he launched his campaign in 2016, the closest he had come to executive authority was pretending to fire contestants on a business-themed reality show. As ridiculous as it seemed, the image of Trump sitting behind a massive boardroom table uttering his imitable catchphrase -- “You’re fired” -- convinced millions of American voters, including many who hadn’t voted previously, that he was a man who knew how to get
March 12, 2024
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[Grace Kao] What are American BTS Army events like?
“BTS finds you when you need them most.” Army, the name of BTS’ fandom, is likely the largest and most devoted fandom in K-pop. While non-K-pop fans may envision Army as primarily young women who scream and cheer at concerts, fans in fact come from many backgrounds. This is particularly true of American BTS fans, who also find comfort both through the community of fans and the content BTS provides. Earlier this year, I attended two BTS Army cup sleeve events in Connecticut, a s
March 12, 2024
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[Jieun Kiaer] Could better English education boost Korea’s birth rate?
I read recently that the average birth rate per woman in South Korea has fallen to 0.72 despite $270 billion in government incentives. Although there are undoubtedly multiple reasons for this, as someone specializing in language education, I began to question whether English language teaching might be a contributing factor. The expression “English Fever,” has often been linked to the well-known phenomenon among South Korean parents who traditionally perceive education as the pathway
March 11, 2024
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[Yoo Choon-sik] Worrying signals from 2023 GDP data
South Korea’s economy grew 2.2 percent in real terms during the final quarter of last year compared to the same period in 2022, marking an acceleration from a 1.4 percent rise in the third quarter and bringing growth for the entire of 2023 to 1.4 percent, according to revised data released by the country’s central bank last week. The headline figures looked fine overall, with growth accelerating in the October-December period compared to the preceding quarter, defying fears that Asia
March 11, 2024
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[Robert J. Fouser] Conditions for dealing with South Korea’s baby bust
South Korea’s low fertility rate made the news again recently after a government report predicted that the rate would fall to a new low of 0.72 children per woman in 2023. The country’s fertility rate is already the lowest in the world, despite a spate of recent policy initiatives to address the issue. The rate is expected to fall below 0.70 in 2024, which is far below the replacement rate of 2.1 needed to maintain a stable population without any immigration. Though the lowest in the
March 8, 2024
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[Wang Son-taek] Election schedules and provocations of North Korea
With April's general election about a month away, predictions of more provocations from North Korea have increased. They say that North Korea is carrying out armed provocations to cause social chaos in South Korea ahead of the general election. Although large-scale South Korea-US joint military drills in March or an annulment of military agreement between the South and the North in November last year are direct factors in heightening military tensions, interpretation using the possible conn
March 7, 2024
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[Gernot Wagner] What does Trump mean for the climate?
It is easy to see how Donald Trump’s election to a second term would negatively affect the world’s climate -- and not just the political one. During his first term, more than 125 US environmental rules and policies were rolled back. Trump returning to the White House would be significantly worse for the environment and public health, and the damage would be harder to reverse. However, the technological revolution and fundamental market forces driving the low-carbon transition are too
March 7, 2024
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[Kim Seong-kon] Are we on the brink of World War III?
Recently, authoritarian leaders from formerly imperialist countries are threatening the world that they will start World War III if their territorial expansion policy and dream of restoring their glorious past meet challenges from other countries. Accordingly, people are beginning to worry about the possibility of World War III, which could likely be a nuclear war resulting in global annihilation. In The Telegraph, Sherelle Jacobs recently wrote an intriguing article entitled: “World War T
March 6, 2024
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[Noah Feldman] Supreme Court buries fantasy of keeping Trump off ballot
The Supreme Court has unanimously concluded that Colorado can’t keep Donald Trump off the ballot. Section 3 of the 14th amendment, which says that a former officeholder who becomes an insurrectionist can’t hold federal office, won’t save us from a potential second Trump presidency. The court correctly rejected what I would call the National Treasure theory of the US Constitution, according to which an obscure, almost discarded provision could have determined the outcome of a pr
March 6, 2024
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[Cynthia M. Allen] Tech without morality and IVF ruling
I have spent several days reading coverage of the recent Alabama Supreme Court ruling that recognized extrauterine embryos as children. Then I read the court’s actual decision and found that the two -- the coverage and the ruling -- have almost nothing in common. Headlines decry how the court has effectively “ended in-vitro fertilization” in the state, with breathless reports of clinics closing. Panicked current and prospective IVF parents, even some in Texas are described as &
March 5, 2024
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[Mariana Mazzucato, Ilan Strauss] The algorithm and its discontents
In a new lawsuit in the United States against Meta, 41 states and the District of Columbia argue that two of the company’s social-media products -- Instagram and Facebook -- are not just addictive but detrimental to children’s well-being. Meta is accused of engaging in a “scheme to exploit young users for profit,” including by showing harmful content that keeps them glued to their screens. According to one recent poll, 17-year-olds in the US spend 5.8 hours per day on s
March 5, 2024
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[Yoo Choon-sik] Chip exports recovery masks deeper issues
South Korea announced robust export figures for February last week, instilling a glimmer of hope that the nation could see an uptick in economic growth this year after enduring one of its lowest rates in modern history. The government emphasized that the surge in semiconductor sales abroad drove the brisk exports in February. On the surface, February's exports grew by just 4.8 percent from a year ago, according to data from the Ministry of Trade, Industry, and Energy. However, the average d
March 4, 2024
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[Carl P. Leubsdorf] Ukraine’s battles drag on
Two years after Vladimir Putin sought to wipe it off the European map, Ukraine still stands. But its future remains in doubt. The resistance of House Republicans has stalled the provision of more vital US aid. And the past few months have not been kind to Ukrainian troops on the country’s hundreds of miles of battlefields. That the embattled country still stands is a surprise to both sides -- an unpleasant one to Putin, who was confident his mighty legions could score a quick success, and
March 1, 2024