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9 bridges leading to Russia’s Far East
Last month, the world’s first ice-breaking LNG carrier successfully completed a 19-day voyage through the polar region. The ship broke through ice and transported LNG without help from another icebreaker. This ship costs 360 billion won ($319 million…
Sept 19,2017
The success of Koreans in the LPGA
Korean players have won 13 out of the 24 LPGA tournaments in the 2017 season thus far. Among those 13 wins are three of the four majors. In 1988, Ku Ok-hee became the first Korean player to win an LPGA tournament. Since then, Korean players have won …
Sept 13,2017
Time to redeploy tactical nukes
In the face of a hydrogen bomb, conventional weapons are literally useless. Nevertheless, we welcome President Moon Jae-in’s achievement in his telephone conversation with U.S. President Donald Trump to lift the 500-kilogram (1,102-pound) restriction…
Sept 08,2017
My memories of Diana
Exactly 20 years ago today, Aug. 31, Princess Diana died in a fatal car accident in Paris. On the morning of that tragic Sunday in 1997, I woke up to an emergency call from Newsweek. Diana Spence of the top-caliber weekly news magazine told me th…
Sept 04,2017
Stop blaming others for air pollution
Did you know that South Korea joined the ranks of the world’s most populated countries? Korea used to be one of the cleanest countries in the world, but now it’s one of the most polluted. The reasons are clear. South Korea is filled with coal plan…
Aug 30,2017
Don’t ignore medical service industry
With increased incomes and aging of the population, demand for high-quality medical care is increasing, and the medical industry is considered one of the key high-added-value industries. The fundamental reason for the developed world to consider the …
Aug 28,2017
Ways for banks to survive
The explosive response to the second online-only bank Kakao Bank underscores the potential value in online platforms in the age of digitalization and automation as the result of the fourth industrial revolution. Kakao Bank exits only in cyberspace wi…
Aug 25,2017
The only country that raises corporate tax
The government announced a plan to increase the corporate tax rate from up to 22 percent to up to 25 percent. The 3 percent increase is the most significant in any administration. Civil group People’s Solidarity for Participatory Democracy argues tha…
Aug 23,2017
Korean start-ups stuck in regulations
Only ten years ago, companies that led the global economy were in the finance or manufacturing sectors. But it has changed completely, and now, top companies are in mostly digital IT businesses. Traditionally strong American companies and emergin…
Aug 21,2017
Energy for the 4th industrial revolution
The energy market in the 1970s had a series of turbulences. Two oil shocks hit the global economy. As the “peak oil” theory that proposed a decrease in global oil production spread, fear over exhaustion of oil reserves grew. However, while everyone d…
Aug 15,2017
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