[Robert Fouser] Accepting migrants in South Korea

Last week, the Ministry of the Interior and Safety reported that 2,459,542 foreign residents were living in South Korea as of November 2023. In the ministry's case, the term “foreign residents” includes foreign nationals living in the country for three months or more as well as most naturalized citizens. The number of foreign residents, which is close to reaching almost 5 percent of the population, is the highest in South Korean history. The continued increase in the number of f

ViewpointsNov. 1, 2024

[Wang Son-taek] Diplomatic composure in tumultuous times

The world is undergoing significant shifts, and the pace of these changes can often provoke anxiety and uncertainty. Across continents, events are unfolding with potentially profound impacts on global stability. Former US President Donald Trump is positioning himself for another term that could potentially reshape the liberal order. North Korea is sending troops to Russia to fight Ukraine, creating new geopolitical complexities. In Japan, a new prime minister faces political instability, increas

ViewpointsOct. 31, 2024

[Kim Seong-kon] Living in the animal kingdom

These days, intellectuals lament that humans behave as if they were living in the animal kingdom. It means that we have lost our humanity and act like animals. An animal’s primary concern is to eat and survive. In addition to searching or hunting for food, some animals flock together and others fight for dominance over territorial disputes. Of course, animals also have some admirable traits, such as caring and sharing, but these behaviors tend to be limited to family or individuals within

ViewpointsOct. 30, 2024

[Grace Kao] Taking gratitude into our own hands

I received a handwritten thank-you card from my childhood friend’s daughter this week. I sent a birthday check a little while ago. I very much appreciated it, and it shows that my friend has taught her daughter well, and that her daughter has good manners. I constantly remind my students to write thank-you notes (even a simple email message). I dare not ask them to handwrite thank-you cards. However, every so often, a handwritten thank-you card will appear. It is an exceedingly rare event.

ViewpointsOct. 29, 2024

[Yoo Choon-sik] Monetary policy confined by apartment prices

South Korea’s economy posted surprisingly weak growth in the third quarter, as exports declined due to cooling demand from major markets like China, while construction investment plummeted amid a persistent slump in the domestic real estate market, according to official estimates from the central bank. Disappointing growth and slowing inflation typically point to a need for loosening in monetary policy to support the economy. However, most analysts predict the Bank of Korea will not lower

ViewpointsOct. 28, 2024

[Allison Schrager] Populism bad for economic growth

The degrowth movement, which had a moment a few years ago, is over -- and not a moment too soon. As nations in Europe and North America face mounting debt and aging populations, politicians are again talking about how to increase economic growth. There’s only one problem: No one is advocating policies that will actually work. Doing that would require embracing change, which is the last thing any politician beholden to populism wants to do. The best recent illustration is former President D

ViewpointsOct. 28, 2024

[Lee Byung-jong] President Park’s legacy

In this season of Nobel Prize awarding, South Koreans were happily surprised twice. The biggest news was of course the winning of the Nobel Prize in literature by the novelist Han Kang. Equally important, but perhaps less noticed news was the fact that the three winners of the Nobel Prize in economics revealed their work was largely inspired by the success of the Korean economy. In studying why some countries succeed economically, while others fail, they used Korea as a prime example of a succ

ViewpointsOct. 25, 2024

[Jeffrey Frankel] What causes prosperity?

Why have some countries grown rich and others not? The three winners of this year’s Nobel Prize in Economic Sciences -- Daron Acemoglu, Simon Johnson and James A. Robinson -- offer a simple answer: institutions. Countries with “inclusive” institutions -- which underpin an open society, accountable government, economic freedom and the rule of law -- do better than those with “extractive” institutions that reward those in power. The World Bank’s institutional qu

ViewpointsOct. 24, 2024

[Wang Son-taek] Basic guidelines of intelligence agency

Over the past few days, the Korean Peninsula has been exposed to a flood of sensitive security issues. Above all, the news that North Korea was sending 12,000 special forces troops to Russia drew attention not only from South Korea but also from the international community. This explosive story changed the mood of major domestic politics. In particular, the quantity of negative stories about President Yoon Suk Yeol and his wife has decreased to a certain extent. There was also an incomprehensibl

ViewpointsOct. 24, 2024

[Kim Seong-kon] Becoming both a progressive and a conservative

If someone says that they are both a progressive and a conservative, or leftwing and rightwing, we may think that they are a sly opportunist, a hopelessly contradictory person, or a case of dissociative identity disorder. Not anymore. Today, a perfectly normal person can become such a broadminded person who can cross the border between the two and embrace them, if they have courage and capacity. Moreover, they are an ideal person we need in order to build a non-polarized, better society. The ren

ViewpointsOct. 23, 2024

[Neeraj Rajasekar] Wrong conversation about voter fraud

For the past decade, the United States has been mired in a repetitive, pointless conversation about “voter fraud,” helped in no small part by Donald Trump’s efforts to undermine voters’ faith in the electoral process. During the presidential debate with Kamala Harris in early September, Trump insisted that he was the true winner of the 2020 election, and he has repeatedly hinted that he will not accept the election results this November if they are not in his favor. Since

ViewpointsOct. 23, 2024