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SCMP
Asia

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. Song Kyung-jin

Making the Korean economy more resilient

Last week the International Monetary Fund (IMF) increased its global growth forecast for 2023 slightly from the previous 2.7 percent last October to 2.9 percent on the back of decreasing inflation and China's earlier-than-expected re-opening. The Korean economy seems a misfit to this global growth scenario, being the only major economy whose growth forecast was adjusted downw...

2023-02-12 16:50

Kim Sung-woo

Korea's RE100 policy and sustainability

Countries around the world are creating increasingly favorable conditions for renewable energy supply. Take the examples of the U.S.' Inflation Reduction Act (IRA) and the European Union's plan to expand the supply of renewable energy, RePower EU.

2023-02-12 16:40

. John J. Metzler

Talking sense to the Taliban?

It seems like a profound contradiction; trying to convince Afghanistan's Taliban authorities to accept foreign humanitarian help for their own starving population. Thus as beleaguered Afghan civilians endure a brutal winter, the sanctimonious Islamic fundamentalist regime in Kabul has largely restricted international aid agencies because they employ women.

2023-02-09 17:00

Troy Stangarone

Can Korea become a green energy powerhouse?

Late last year, Korea released its first Indo-Pacific strategy. The initial commentary on the strategy often focused on issues of the great power competition or whether the document had mentioned China enough. While the development of Indo-Pacific strategies by countries in Asia, North America, and Europe is being driven by the emergence of a new great power rivalry, the most...

2023-02-09 17:00

Mitch Shin

Seoul's nuclear gambit is not in favor of alliance politics

South Korean President Yoon Suk-yeol has begun the New Year by provocatively underscoring his hawkish approach to North Korea, evident since his presidential campaign days. In early January, however, he may have overstepped his brief by suggesting that if the threats from North Korea grow, South Korea could consider developing nuclear weapons or asking the United States to re...

2023-02-07 17:00

Cho Hee-kyoung

Facing up to the cold reality

A lot of people got a nasty surprise when they received their gas bills in January. Price had gone up by at least one-third compared to the same period last year. For many, the increase more than doubled their energy bill affecting the least well-off the most.

2023-02-07 17:00

. Kim Won-soo

Japan's new security policy: normalizing or remilitarizing?

The Japanese government has announced a new security policy aimed at acquiring counter-strike capabilities and doubling its defense expenditure over the next five years. This is a significant departure from Japan's long-held policy of limiting its security posture strictly to self-defense. It is also the second step taken by the Liberal Democratic Party (LDP)-led government t...

2023-02-06 17:00

Park Jung-won

Possible nuclear armament for South Korea

President Yoon Suk Yeol said recently that if North Korea's nuclear threats continued to worsen, South Korea would need to consider redeploying U.S. tactical nuclear weapons in South Korea and possibly establish its own nuclear armament. He pointed out that South Korea has the scientific and technological capability to develop such weapons within a short timeframe.

2023-02-06 16:40

. Deauwand Myers

Korea's defense question and Bandow's piece

Way back in May of 2013, geopolitical analyst Doug Bandow wrote an incendiary, yet not widely read, column for the conservative think tank the Cato Institute about South Korea's defense posture and its dependence on the United States for military preparedness. The title, and you won't believe it: “South Korea: Close Friend of the U.S., and a Defense Welfare Queen.” The subtit...

2023-02-05 17:00

Peter S. Kim

Investing wisdom of a black rabbit

This year, we bid goodbye to the Year of the Tiger and welcome the Year of the Rabbit. For those who care, people born in the year of the rabbit are said to be peaceful types who avoid confrontation and possess high intelligence. On the other hand, they are also susceptible to jealousy and pessimism.The year 2023 is also notable for the year of the black rabbit, which comes a...

2023-02-05 16:40

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Top 10 Stories

1	Korean firms balk at donating to fund compensating victims of Japan's forced labor

2	Main opposition leader indicted, faces calls to resign

3	World water day

4	Sexual assaults by Korean diplomats continue despite zero-tolerance policy

5	Outback Steakhouse sees sales soar as it opens stores in large shopping malls

6	Consumers choose to travel abroad over purchasing luxury goods

7	INTERVIEWRetired FSC chief finds inspiration exploring Koreans' ancestral roots

8	Autistic golfer appointed as ambassador of veterans ministry-affiliated country club

9	Korean pension fund hit by overseas banking crisis

10	Investment banks compete for HMM sale advisory roles

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