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Opinion

Columnists

Who will win cryptocurrency race first: private vs. public sector?

By 2022, there will be a tax levied by the Korean government on any income from cryptocurrency trading. Some said that it is too early or too much with a proposed 20 percent tax rate because the financial regulators have not come up with rules to protect investors yet. There is no unified or consistent regulatory framework on crypto currencies and assets while there is a rapi...

2021-05-09 18:40

Just another Korea-US summit

WASHINGTON - The flurry of rhetoric from Pyongyang, Seoul and Washington bears out one of the great verities of the perpetual North-South Korean confrontation: the more things change, the more they stay the same. Or, more simply, same-old, same-old.

2021-05-06 17:42

Korea has too many small firms and it's hurting economic growth

From the 1950s to the mid-1990s, Korea pulled off an economic miracle: industrializing faster than virtually any nation in history. This process enabled Korea eventually to become the world's 10th largest economy today.

2021-05-06 17:29

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 eve...

2021-05-04 17:16

As Merkel era ends, German politics in flux

With Angela Merkel in her final weeks of power, the German post-war political landscape was in a wider, historic ferment last week, with the Green Party sensationally topping national polls.

2021-05-04 17:05

Semiconductors: Digital gold

It may not be surprising that, among the topics that will be discussed between President Moon Jae-in and President Joe Biden at their scheduled summit meeting in Washington, D.C. on May 21, will be North Korea, climate change and cooperation on COVID-19 vaccines. But more noteworthy is that semiconductors will also be high on the agenda.

2021-05-03 17:32

Myanmar's junta backed into corner?

As events in Myanmar continue to spiral into a dangerous descent of bloody civil conflict this strategic Southeast Asian nation has nearly reached a tipping point. Diplomacy is needed to defuse the crisis before it spins out of control with unpredictable consequences.

2021-05-03 17:29

Academic wokeness, Korean style

In a 2008 article titled, “Elite Korean Schools, Forging Ivy League Skills,” the New York Times wrote about how successful specialized South Korean high schools had been in developing high-performing students geared to getting accepted into top Ivy League schools in the U.S. How successful were they? If SAT scores are a key performance indicator, then, “Their (Daewon) average...

2021-05-02 17:27

Myanmar democracy genie will not return to bottle

All eyes are now on Myanmar following the country's Feb. 1 military coup and the arbitrary detention of members of the government, including State Counsellor Aung San Suu Kyi, President Win Myint and others. The three-finger salute raised by Myanmar's U.N. envoy Kyaw Moe Tun at the U.N. General Assembly on Feb. 26 eloquently epitomized the scope and level of the ongoing pro-d...

2021-04-29 17:30

Can Korean firms still prosper in China?

Last month, Hyundai Motor announced its plans to address its declining market share in China. A shift in Chinese consumer preferences toward SUVs, together with retaliation for the deployment of THAAD, resulted in a decline in the automaker's sales from 1.14 million vehicles in 2016, to less than 686,000 in 2019.

2021-04-29 17:25

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