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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Opinion

Columnists

13. Song Kyung-jin

No global economic recovery in sight without vaccine leadership

Just over a month ago, the mood for the global economy was more positive and optimistic with increasing vaccinations and the fiscal stimulus packages in the United States and around the world. The International Monetary Fund projected global growth of 6 percent in 2021 and 4.4 percent in 2022 after a contraction of 3.3 percent in 2020. Its growth projections for Asia were even higher with 7.6 percent in 2021 and 5.4 percent in 2022 after a contraction of 1.5 percent in 2020.

2021-05-04 17:16

Why Korea needs flexible and prosperous Indo-Pacific vision

I take the liberty of guessing that perhaps it is the by-elections taking place in the two largest cities in Korea that forced the government to make two rushed announcements in the space of a week. One was about the immediate possibility of a Korea-U.S. summit within the month of April, and the other was the possibility of a Korea-China bilateral summit soon after the COVID-19 pandemic comes under control. Neither was confirmed by the counterparts. It has in effect undermined the credibility of the Korean government. But at the bottom of it all lies the alleged fact that Korea feels lost wi...

2021-04-06 17:19

WTO leadership race

Apart from the COVID-19 pandemic, there was another event in 2020 that Korea should not miss taking stock of, registering the results in our collective memory in order to strive for more refined diplomacy. It was Korea's decision to enter into the race for the director-general of the World Trade Organization (WTO). There are four criteria that provide useful guidelines for this reflection: the regional rotation rule, broadly applied; competition between candidates; internal and external coordination and communication; and strategic objectives.

2021-03-09 16:51

Pension reform: the sooner, the better

Korea is one country that should be prepared quickly to take on the imminent challenges posed by the rapid shifts in demography and thus the pension regimes in order to make them fairer and more sustainable for its people.

2020-01-01 17:53

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