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[Editorial] Controversial remote work

EditorialAug 11, 2022

On Monday, when South Korea was slammed by a record downpour, President Yoon Suk-yeol said he noticed some apartment complexes submerged by flash flooding on his way home after work. Unlike other high-ranking officials who returned to their offices to handle the disaster, Yoon continued to ride back to his house in Seocho-dong, Seoul, and stayed there all night. It is deeply regrettable that Yoon decided to handle the apparently dangerous situation that was threatening citizens from home,
[영어답게 표현하기] 유용한 비즈니스 영어 표현들

English EyeAug 10, 2022

지난 회에 이어, 유용한 비즈니스 영어 표현들을 소개합니다. ‘비즈니스 영어’라는 게 따로 떨어져 존재하는 것은 아닙니다만, 일상 회화에서 흔히 볼 수 없는 표현들을 활용하는 것도 사실입니다. 저희 책 『나는 더 영어답게 말하고 싶다 비즈니스 편』에서 뽑은 표현들입니다. <투자> 1 A: What’s your retirement plan? B: I’m counting on this investment to give me a high ROI in order for me to retire by the time I’m 60. A: 은퇴 계획이 어떻게 돼? B: 60세가 되면 은퇴할 수 있도록 이번 투자가 높은 수익률을 가져다주길 기대하고 있어. SITUATION ‘투자 수익률’을 표현할 때 평범하게 I’m looking for investmen
[Joseph E. Stiglitz] Why the Inflation Reduction Act matters

ViewpointsAug 10, 2022

US Senate Democrats’ compromise bill, the Inflation Reduction Act of 2022, addresses not just inflation, but also several key longstanding problems facing our economy and society. There is a simmering debate about the causes of today’s inflation; but regardless of what side one takes, this bill represents a step forward. For those worried about excessive demand, there is more than $300 billion in deficit reduction. And on the supply side, the bill would mobilize $369 billion of inv
[Kim Seong-kon] The crisis of democracy and world peace

ViewpointsAug 10, 2022

Recently, I came across two intriguing articles that I read with great enthusiasm. One was “On My 100th Birthday, Reflections on Archie Bunker and Donald Trump” by Norman Lear and the other was “Pacifism is the wrong response to the war in Ukraine” by Slavoj Zizek. Both articles were penetrating and insightful, tackling vital issues regarding the crisis of democracy and world peace we are now facing. In a column that recently appeared in the New York Times, Norman Lear
[Editorial] Uphold people’s will

EditorialAug 10, 2022

President Yoon Suk-yeol showed a humble attitude to the “will of the people.” It is desirable. Taking questions from the press as he returned from a weeklong vacation on Monday, Yoon said that his vacation was a time to reinforce his belief that his duty to the people is to examine their will carefully and uphold it while sticking to his original intentions. Asked if he has a reshuffle on his mind, he said he would look at all the problems from the perspective of the people and tak
[Land of Squid Game] No obligation for tipping

Hashtag KoreaAug 9, 2022

Tipping workers is rare in Korea and therefore, you‘re not obliged to provide a tip after you take a taxi or eat at a restaurant. You won’t, however, offend anyone by leaving a small token of appreciation for their exceptional service. Koreans traveling abroad might, however, forget to tip, but this is merely because they are not used to doing so in Korea. By Min Byoung-chul Min Byoung-chul is an endowed chair professor at Chung-Ang University who is widely known as a multi
[Federico Fubini] Did Kremlin use proxies to bring down Draghi?

ViewpointsAug 9, 2022

Russian President Vladimir Putin’s fingerprints appear to be all over the recent political developments that culminated in Mario Draghi’s resignation as Italy’s prime minister. Following Russia’s invasion of Ukraine in late February, Draghi responded decisively by supporting strong sanctions against Russia and by offering political, financial and military support to Ukraine. But both acts required overcoming resistance from populist parties within his own national-unity
[Joel Griffith] Main culprits behind priciest housing

ViewpointsAug 9, 2022

With so much attention fixed on soaring prices for gasoline and groceries, one can almost overlook the fact that we’re also enduring an affordable housing crisis. The question is, why? Spanning the pandemic era from February 2020 through May 2022, home prices soared 43.5 percent. Over the past 12 months, home prices are up 19.7 percent, while residential property prices in the United States, adjusted for inflation, are now 6.7 percent above the prior all-time record levels of the 2006 bu
[Editorial] Pandemic impact

EditorialAug 9, 2022

It appeared that South Korea was finally pulling out of the COVID-19 pandemic before the summer holiday season started. But highly transmissible omicron strains, led by BA.5, are hitting the nation, sending the number of new infections spiking in recent weeks. Nonetheless, the government does not have a plan to restore strict social restriction rules on the assumption that the country can handle the current resurgence and, over time, infections will fade away. It is not certain whether such
[Photo News] Seoul floods: Scenes of chaos on Monday night

Social affairsAug 8, 2022

Heavy downpours battered Seoul on Monday, flooding homes and roads and causing traffic chaos in parts of the city, including Gangnam. No casualties were reported as of midnight. Here are some photos from the mayhem. Major roads in Daechidong in southern Seoul are completely submerged. (Yonhap) Rainwater pours into the Isu subway station in southern Seoul on Monday night. (Yonhap) Cars are seen half-submerged in a flooded
‘Over 500,000 dogs are raised for meat in Korea’

Social affairsAug 8, 2022

Over 520,000 dogs are being raised for meat in South Korea as of this February, with about 388,000 slaughtered a year, a study revealed Monday. There are a total of 1,156 dog farms across the country and they each keep an average of 450 animals. The total number of restaurants serving dog meat across the country is 1,666. These are the findings of a two-month field study conducted by the country’s government-civilian consultative body on dog meat consumption, which was announced Monda
KB Financial Group wins Red Dot Award

MoneyAug 8, 2022

KB Financial Group said Monday that its wine collection using its character design won the Red Dot Award for Brands and Communication Design. The character design, which the firm created to boost its image as a friendly bank open to ordinary Koreans, is aimed at raising domestic wine sales amid the pandemic when small business owners face greater economic challenges, the firm added. “We are grateful for the award because we feel acknowledged for our efforts to help those most in need,&r
[Contribution] Envisioning sustainable and mutually beneficial future of ASEAN and Korea

Foreign affairsAug 8, 2022

Aug. 8th, 2022 is the 55th anniversary of the ASEAN’s foundation. Congratulations on ASEAN Day through this page. It is not an overstatement that ASEAN Member States have manifested their earnest efforts to seek peace and prosperity in the region since its establishment, overcoming unexpected obstacles over the past five and a half decades. Last May, I had the chance to meet the president and vice president of a university in Vietnam, a member of “Passage to ASEAN Association,&rdq
[Lee In-hyun] Why Koreans perform well in international music competitions

ViewpointsAug 8, 2022

I heard great news this year in June: Lim Yun-chan got the first prize in the Van Cliburn Piano International Competition. He was the youngest winner since the competition was first established in 1962. The news was sensational in the field of classical music. When the news came out, I saw many people around the world start to get interested in classical music and Korean musicians. Usually, when a person becomes a winner in major competitions, he/she gets famous quickly and tons of scheduled pe
[Editorial] Establish rule of law

EditorialAug 8, 2022

The police on Thursday forcibly disbanded about 200 unionized lorry owner-drivers who were blocking the only road to the Gangwon factory of HiteJinro, the country’s largest maker of soju and beer, in Hongcheon, Gangwon Province. The police arrested some of the illegal demonstrators for disobeying the dispersal order. It was the first time for the Yoon Suk-yeol administration to disperse a labor union’s illegal demonstration by force.　 The lorry owner-drivers, belonging to the H