Korea is reportedly seeking to ramp up its currency swap line with China from the present $26 billion to the level of the recently expanded Korea-Japan foreign exchange swap deal. In their summit on Oct. 19, President Lee Myung-bak and Japanese Prime Minister Yoshihiko Noda agreed to boost their swa

Libyans are rejoicing at the death of their former dictator Muammar Gadhafi, but the party can’t last long. The hard business of creating a modern state lies ahead. As a first step, the ruling National Transitional Council needs to quickly form an interim government that will include representatives

The foiled plot by agents of the Iranian regime to assassinate the Saudi ambassador to the United States has officials in the Obama Administration furiously scratching their heads for an “appropriate” response.All too often with Iranian provocations, U.S. policy options swing ineffectually between the uncreative (economic sanctions) to the unrealistic (military strikes). One option sure to get the attention of the ruling mullahs in Tehran ― and that could help set the stage for a future democrat

The death of Muammar Gadhafi is a cause for joy in Libya, and for concern. Some worry that the ruling National Transitional Council will force its way to permanent power; others that Islamist elements will seek to put the country under Shariah law; and there is also the danger of the nation splitting into three parts. But there is another tremendous threat to Libya’s progress waiting quietly next door. Algeria’s military junta is terrified that a rebellious spirit may finally cross its borders.

The global financial crisis in 2008 highlighted the need to tighten oversight of greedy financiers. At the same time, it also brought into the spotlight the importance of protecting financial consumers, as it was millions of individual households that bore the brunt of the devastating financial tsun

The prosecution is investigating allegations of corruption surrounding the light rail transit project in Yongin City, Gyeonggi Province. Prosecutors have already banned some 30 people involved in the project, including two former mayors of the city, from leaving the country. The project started in 2

A new survey shows that a majority of Europeans want the United States to continue exerting “strong leadership in world affairs.”One wonders why Europe holds so much faith in America right now when Americans, trapped in a deep national malaise, have so little faith in themselves.The survey, by the G

Why would Seiji Maehara, chairman of the Democratic Party of Japan’s Policy Research Committee, raised the idea of establishing a new fund for South Koreans who acted as so-called comfort women during wartime? We cannot help but question his recent remarks on this matter.Maehara this month met with

In online bidding held by the Taipei City Government for “lucky” license plate numbers, a businessman spent NT$3.589 million to pick up “8888-88.” During an anniversary sale in Taipei 101 Mall, nine shoppers each spent more than NT$10 million, and another spent NT$50 million, at a single store. With

It was an utterly senseless act for the Ministry of Patriots and Veterans Affairs to deliver 5,000 won to the sister of a soldier killed in the Korean War as “compensation” for war dead. Officials came down to the amount, not enough to buy a bowl of noodles, by quoting the fixed 50,000-whan governme

When new Japanese Prime Minister Yoshihiko Noda visited Korea on his first overseas trip since taking office 50 days ago, he must have known perfectly well that issues between the two neighboring countries extend to both the past and the future. He touched on the past only a little by bringing with