Interest rate hikes and supply chain disruptions caused by global inflation have been adding to concerns about the possibility of recession. The Russian-Ukrainian War and the growing rivalry between the US and China have divided the world into economic blocs and have fueled competition among countries to secure supply chains that serve their best interests. This artificial reshaping of the global economy has led to market rigidity and distorted resource distribution. The private sector alone can

In the wake of the collapse of the cryptocurrency exchange FTX, and amid reports that FTX’s founder, Sam Bankman-Fried, diverted billions of dollars of clients’ funds, some observers have linked the alleged financial malpractice to ideas widely held within the “effective altruism” movement, which Bankman-Fried says inspired him. More specifically, they point to the ethical view that the end justifies the means. Effective altruism holds that one of our aims should be to do

In recent days we see an increase in calls for a negotiated solution of the war in Ukraine. From the chairman of the Joint Chiefs, from progressive members of Congress and from leading international relations scholars, a growing number of voices urge the US to invest in negotiations between Russia and Ukraine and to give peace a chance. According to some reports, the Biden administration is also warming up to the thought. It’s a dangerous idea. Fears of nuclear escalation between Russia an

Kim Ji-hyeon and Kim Hyeon-su were probably headed for marriage – but they decided to celebrate Halloween in Itaewon. An envelope for a cash wedding gift beside a drying stalk of white chrysanthemum implies the couple’s unfulfilled dreams. Post-it notes surround the tragic mementos, conveying the wishes of their family members. “Live happily in heaven. From Your Daddy, Mommy and Little Brother.” “Dear Hyeon-su, please take good care of Ji-hyeon. My beloved daughter,

Someday, history’s chroniclers will label this November as the month when America’s political elites and also America’s just plain people of the left, center and right suddenly began trying to see beyond the horizon -- urgently hoping to discover their next generation of leaders. Looking right, we are seeing the Trumpers looking beyond Trump. Looking a bit to the left of them, we are seeing the Never Trumpers, Republicans who are still sane and patriotic; but now they are wonde

There are things we miss very much when we reminisce about the past. For example, old people miss the days when they were young and healthy with infinite possibilities. When they were young, they were confident they could do anything, even though they were reckless at times. At that time, they were still innocent and untainted. Now old and withered, they now realize that simply being young was a beauty in itself. What else would old people want now, except for perennial youth anyway? We also m

Twitter has always been a weird place, but things have gotten more feral the last couple of weeks thanks to the service’s off-putting new owner, Elon Musk. A role model in the worst way, his trolling and despotic workplace practices have set the tone for a grass-roots insurrection inside the internet’s so-called town square. Let’s start with the users defiling the site with parodies of Musk and prominent corporations. It’s an obvious effort to monkey-wrench Musk’s e

BUSAN — The ASEAN Korea Center (AKC) set up a pavilion for game companies from seven ASEAN countries to connect them with potential investors and customers who participated in G-Star, the largest gaming exhibition in Korea, which returned after a three-year hiatus due to the pandemic. At the pavilion, ASEAN companies presented business models, partnership possibilities, potential technologies and contact points for global operations. The venue also provided an opportunity for them to learn

Seoul, Warsaw have more to cooperate on than massive defense deals, including Ukraine, says deputy foreign minister of Poland

Hallyu, referring to the overseas popularity of Korean culture, has now become one of the biggest cultural phenomena across Asia and the globe. Historians, however, say that this Hallyu was even observed about 400 years ago in Southeast Asia during the Joseon Dynasty period in the history of the Republic of Korea. The star at the time was Scholar Lee Su-gwang (1563-1629) who wrote the supposed first Korean encyclopedia in the early 17th century. It is said that he once encountered an envoy from

Two days after the midterm elections in the United States, the Financial Times reported that US inflation has slowed, markets are “giddy,” and the Federal Reserve may now ease up on its interest-rate hikes. The timing was strategic, given that the push from oil prices ended in June, and that overall price changes have been low since July. With the election over, it seems, now it is safe to admit the facts. Just this past August, Harvard economist Jason Furman wrote that “underl

SUSTAINABLE ASIAN COMMUNITY The Uzbekistan Embassy's deputy chief of mission, Zokir Saidov (third from left) and the Bangladesh Embassy’s First Secretary Samuel Murmu (left) attend the 2022 Asia 100 Years Forum held in Gwangju on Friday. Co-hosted by the Northern Economic and Cultural Center and The Korea Herald, the forum explored ways to cooperate in regional politics, economy, society, culture and environment with a vision of establishing a sustainable Asian community. Philippine

The rocket strike that killed two Poles near their country’s border with Ukraine on Nov. 15 proved to be a test not so much of defense policy as of the information policy of Poland, Ukraine, and NATO. Only the Americans passed. The European allies and Ukraine floundered, revealing a shocking lack of preparation for a scenario that could have been predicted almost from the beginning of the war. Poland is the largest country on NATO’s eastern flank and serves as the most important logi

Though foreign policy played no real role in the outcome of the midterm elections, that outcome matters for foreign policy. Friends and allies around the world are likely breathing a sigh of relief that the predicted red wave never crashed. Our partners around the globe have been pleased by President Joe Biden’s “America is Back” foreign policy, and all signs point to that direction continuing. Supporters of democracy the world over are also taking comfort in the fact that Dona

The midterm elections in the United States last week upended the political scene. The Republicans had expected to ride a wave of discontent to take control of both houses of the US Congress, but, after more than a week of counting votes, the Democrats remain in control of the Senate. The Republicans will end up with a paper-thin majority in the House of Representatives, not the large margin they had expected. What happened? Historically, the president’s party loses seats in both houses i