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Opinion

Columnists

Welcoming President-elect's attention to economic security diplomacy

Many Koreans had a sleepless night on March 9 when the ballot counting was underway until the wee hours of the next day in a very tight presidential race. Yoon Suk-yeol garnered a razor-thin victory over his opponent Lee Jae-myung, who conceded his defeat. It was a scene symbolizing Korea's mature democracy.

2022-03-15 16:02

New security environment requires gov't to reorganize

Not just trade but also semiconductors, batteries, artificial intelligence, aerospace, and various climate technologies are increasingly becoming critical strategic factors determining the national security of a country beyond its economic strength. National and corporate investment decisions take into account security elements more than ever before. Economic issues are inextricably intertwined with foreign affairs and security issues.

2022-02-08 16:35

Inflation, supply chain resilience, RCEP and CPTPP

The buzzword in the global economy at the moment is “inflation.” The global economy is projected to grow 4.7 percent in 2022 from 6.1 percent (estimated) in 2021, according to the Morgan Stanley real gross domestic product (GDP) forecasts.

2022-01-11 16:39

Why Korea can become global leader in ESG

A tectonic shift is taking place around the world. Making more profits is no longer seen as the only prime purpose of businesses. Environment, social and governance (ESG) is a global standard by which businesses determine their activities to be responsible and sustainable. Most businesses firmly believe that an ESG strategy is directly linked to corporate growth, competitiveness and survival. The global race has already kicked off.

2021-12-14 16:33

The urea water crisis and trust-building diplomacy

A “urea water” crisis has swept through Korea and its ripple effects are still very much underway. For industrial use, urea is a byproduct of the combustion of natural gas and coal. Korea has borne the brunt of China's recent export ban on urea, as it depends on the neighboring country for almost all of its urea imports. From January to September of this year, Korea imported 97.6 percent of its urea from China, according to the Ministry of Trade, Industry and Energy here.

2021-11-21 15:58

Candidates, show your vision on statecraft and help us vote

Judging by the latest political news stories, we are deep into election season, which culminates with the presidential vote slated for March 9, 2022. Unfortunately, the candidates seem to be in a race to insult and attack each other, often putting their feet in their mouths in the process. Neither is this entertaining nor appreciated. This type of campaigning simply irks voters and makes them grow weary. Voters do not want to see the Trumpification of Korean politics. They want to hear the vision each candidate has to govern the country and ensure that Korea continues to be a vibrant and thr...

2021-10-31 17:05

How Quad can become inclusive regional initiative

By Song Kyung-jin History recalls that there were at least two Sept. 15ths in the early part of the 21st century on which extraordinary events happened: 2008 and 2021. On Sept. 15, 2008, the world economy witnessed the biggest-ever bankruptcy of an investment bank, Lehman Brothers. The need for China's cooperation to combat the Great Recession at that time eclipsed the needs of the Quad. Exactly 13 years later, the launch of a security initiative around the Indo-Pacific, called the AUKUS (standing for “Australia, the United Kingdom and the United States”) partnership, was announc...

2021-09-29 17:05

Respect for innovation is key to faster global vaccine supply

As countries around the world are still struggling to vaccinate their populations, their efforts are undermined by the insufficient and inequitable production and supply of COVID-19 vaccines. According to “Our World in Data,” 32.4 percent of the world population has received at least one dose of a COVID-19 vaccine, and 24.4 percent has been fully vaccinated as of Aug. 22.

2021-08-24 15:41

Presidential hopefuls should ensure fair educational opportunities

The political season is heating up to be as hot as the weather this summer. Few conversations nowadays end without a mention of the presidential candidates and political developments. The next presidential election is scheduled to take place on March 9, 2022, so it is perhaps too early for the candidates to draw public attention to the key points of their campaign agenda. Great attention to a candidates' campaign agenda has in fact never been a salient feature of South Korean politics, compared to candidates' characteristics and personal histories full of hardships. However, the buzzword run...

2021-07-27 17:01

World needs global Korea

Foreign policy becomes domestic policy only when it is presented with the right background, direction and information. Before and after the G7 Leaders' Summit on June 11-13 in Cornwall, the U.K., the whole of Korea was mired in excitement and ire simultaneously out of confusion and misleading information from the government and supposed experts.

2021-06-29 17:05

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