Most Popular
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‘Drag lawmakers out’: Yoon’s chilling order to commander
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Korean millennials, Gen Z make presence felt at protests
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NewJeans manager files workplace harassment complaint against Ador CEO Kim Ju-young
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Speak or not to speak? K-pop stars face dilemma amid national crisis
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Joint investigation team on Yoon launched
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Yoon refuses to resign, defends martial law against 'monstrous' opposition
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Prosecutors tighten grip on Kim
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Will ruling party lawmakers change course?
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Milwaukee Tools launches small yet powerful impact wrench
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Assembly passes reduced budget plan, special counsel
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[Lee Kyong-hee] True blessing from Han Kang’s Nobel Prize
The news of Han Kang being awarded the Nobel Prize in literature carried me to the winter of 1970, when I started my journalism career at The Korea Times. My tasks included assisting the managing editor, who was creating the Modern Korean Literature Translation Awards, the first of its kind. In considering the more than 50 years that have transpired for Korean literature -- and Korean culture at that -- it may be said that the Nobel Prize is a crowning achievement for one Korean and a watershed
ViewpointsNov. 4, 2024
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[Room Tone] Go the distance
An acquaintance recently asked me, "Hey, why do you love running?" My response was, "I don’t. I love having run." It might sound like a flippant remark, but it’s the honest truth; the act of running itself still feels like a form of legalized torture. For the past 20 years, I've had a love-hate relationship with running. There are moments when I bathe in the euphoric haze of a post-run high, contrasted with times when my frail ankles scream in agony fro
ViewpointsNov. 1, 2024
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[Robert Fouser] Accepting migrants in South Korea
Last week, the Ministry of the Interior and Safety reported that 2,459,542 foreign residents were living in South Korea as of November 2023. In the ministry's case, the term “foreign residents” includes foreign nationals living in the country for three months or more as well as most naturalized citizens. The number of foreign residents, which is close to reaching almost 5 percent of the population, is the highest in South Korean history. The continued increase in the number of f
ViewpointsNov. 1, 2024
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[Editorial] Tackle tech roadblocks
The confrontation between the US and China over high-stakes technology sectors is expected to intensify next year as a new set of rules set up by the US will restrict investment in China. The question is how the rules will affect South Korea, which maintains close trade relations with both the US and China. In the short term, such rules are likely to have a limited impact on Korea’s technology industries, according to experts in Seoul, but in the long term, there are shifting factors that
EditorialNov. 1, 2024
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[Wang Son-taek] Diplomatic composure in tumultuous times
The world is undergoing significant shifts, and the pace of these changes can often provoke anxiety and uncertainty. Across continents, events are unfolding with potentially profound impacts on global stability. Former US President Donald Trump is positioning himself for another term that could potentially reshape the liberal order. North Korea is sending troops to Russia to fight Ukraine, creating new geopolitical complexities. In Japan, a new prime minister faces political instability, increas
ViewpointsOct. 31, 2024
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[Editorial] Fiscal expedient
The government forecasts tax revenue to be 29.6 trillion won ($21.4 billion) short this year. The Ministry of Economy and Finance said Monday that it will use 14 to 16 trillion won in three funds to make up for the shortage. The three are: the foreign exchange stabilization fund, the national housing and urban fund and the public capital management fund. It will not issue government bonds. The government plans to cover the rest of the shortfall by withholding some 6.5 trillion won in national ta
EditorialOct. 31, 2024
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[Kim Seong-kon] Living in the animal kingdom
These days, intellectuals lament that humans behave as if they were living in the animal kingdom. It means that we have lost our humanity and act like animals. An animal’s primary concern is to eat and survive. In addition to searching or hunting for food, some animals flock together and others fight for dominance over territorial disputes. Of course, animals also have some admirable traits, such as caring and sharing, but these behaviors tend to be limited to family or individuals within
ViewpointsOct. 30, 2024
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[Editorial] Currency risks
South Korea’s financial authorities cautiously watch the fluctuation of the Korean currency’s value against the US dollar in recent weeks, a fresh warning sign that may threaten to undermine the recovery of the country’s economy. The Korean won against the dollar opened at 1,390.5 won on Monday before hitting an intraday high of 1391.5 won. It closed down at 1,385 won. On Tuesday, the Korean currency has ended at 1,386.5 won. In the short term, the fluctuations in the past two
EditorialOct. 30, 2024
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[Grace Kao] Taking gratitude into our own hands
I received a handwritten thank-you card from my childhood friend’s daughter this week. I sent a birthday check a little while ago. I very much appreciated it, and it shows that my friend has taught her daughter well, and that her daughter has good manners. I constantly remind my students to write thank-you notes (even a simple email message). I dare not ask them to handwrite thank-you cards. However, every so often, a handwritten thank-you card will appear. It is an exceedingly rare event.
ViewpointsOct. 29, 2024
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[Editorial] Multicultural era
The number of foreign residents living in the country for three months or longer as of November last year hit an all-time high of 2,459,542, a report by the Ministry of the Interior and Safety showed last week. The report defines all foreign nationals living in Korea for over three months, naturalized citizens who are not ethnically Korean and children born here to foreign national parents as "foreign residents." This record was attributed to a surge in the numbers of foreign workers a
EditorialOct. 29, 2024
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[Yoo Choon-sik] Monetary policy confined by apartment prices
South Korea’s economy posted surprisingly weak growth in the third quarter, as exports declined due to cooling demand from major markets like China, while construction investment plummeted amid a persistent slump in the domestic real estate market, according to official estimates from the central bank. Disappointing growth and slowing inflation typically point to a need for loosening in monetary policy to support the economy. However, most analysts predict the Bank of Korea will not lower
ViewpointsOct. 28, 2024
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[Editorial] Poor approval rating
Gaining and maintaining popularity is not necessarily the top priority for a president. After all, the person who leads the nation often has to embrace policies that may generate protests but need to be enacted for the country’s future. However, data on the popularity of a president can be viewed from a different angle. If the president's approval rating remains near rock bottom, and the reasons for such dismal results are related to bad policies or unwise decisions, the data inevitab
EditorialOct. 28, 2024
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[Allison Schrager] Populism bad for economic growth
The degrowth movement, which had a moment a few years ago, is over -- and not a moment too soon. As nations in Europe and North America face mounting debt and aging populations, politicians are again talking about how to increase economic growth. There’s only one problem: No one is advocating policies that will actually work. Doing that would require embracing change, which is the last thing any politician beholden to populism wants to do. The best recent illustration is former President D
ViewpointsOct. 28, 2024
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[Editorial] A glimmer of hope
It is a pleasant surprise that South Korea's number of newborn babies rose on-year for two months in a row in August, a development that offers a glimmer of hope for the country struggling to resolve its demographic crisis. Korea has long suffered a dismal birth rate, painting a negative picture of economic health in tandem with the rapidly aging population. But according to data compiled by Statistics Korea, 20,098 babies were born in August, marking a respectable 5.9 percent increase from
EditorialOct. 25, 2024
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[Lee Byung-jong] President Park’s legacy
In this season of Nobel Prize awarding, South Koreans were happily surprised twice. The biggest news was of course the winning of the Nobel Prize in literature by the novelist Han Kang. Equally important, but perhaps less noticed news was the fact that the three winners of the Nobel Prize in economics revealed their work was largely inspired by the success of the Korean economy. In studying why some countries succeed economically, while others fail, they used Korea as a prime example of a succ
ViewpointsOct. 25, 2024
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[Jeffrey Frankel] What causes prosperity?
Why have some countries grown rich and others not? The three winners of this year’s Nobel Prize in Economic Sciences -- Daron Acemoglu, Simon Johnson and James A. Robinson -- offer a simple answer: institutions. Countries with “inclusive” institutions -- which underpin an open society, accountable government, economic freedom and the rule of law -- do better than those with “extractive” institutions that reward those in power. The World Bank’s institutional qu
ViewpointsOct. 24, 2024
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[Wang Son-taek] Basic guidelines of intelligence agency
Over the past few days, the Korean Peninsula has been exposed to a flood of sensitive security issues. Above all, the news that North Korea was sending 12,000 special forces troops to Russia drew attention not only from South Korea but also from the international community. This explosive story changed the mood of major domestic politics. In particular, the quantity of negative stories about President Yoon Suk Yeol and his wife has decreased to a certain extent. There was also an incomprehensibl
ViewpointsOct. 24, 2024
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[Editorial] Start discussion again
Lee Jung-kuen, chair of the Korean Senior Citizens Association, said in his inaugural address on Monday that he will propose that the government raise the official age at which people are considered senior citizens from the current 65 to 75. The minimum age is used for senior citizen welfare benefits, including free subway rides, free vaccinations and the basic old-age pension. Noting that Korea’s senior population is expected to double from the current 10 million to 20 million by 2050, he
EditorialOct. 24, 2024
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[Kim Seong-kon] Becoming both a progressive and a conservative
If someone says that they are both a progressive and a conservative, or leftwing and rightwing, we may think that they are a sly opportunist, a hopelessly contradictory person, or a case of dissociative identity disorder. Not anymore. Today, a perfectly normal person can become such a broadminded person who can cross the border between the two and embrace them, if they have courage and capacity. Moreover, they are an ideal person we need in order to build a non-polarized, better society. The ren
ViewpointsOct. 23, 2024
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[Neeraj Rajasekar] Wrong conversation about voter fraud
For the past decade, the United States has been mired in a repetitive, pointless conversation about “voter fraud,” helped in no small part by Donald Trump’s efforts to undermine voters’ faith in the electoral process. During the presidential debate with Kamala Harris in early September, Trump insisted that he was the true winner of the 2020 election, and he has repeatedly hinted that he will not accept the election results this November if they are not in his favor. Since
ViewpointsOct. 23, 2024