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[Editorial] Second reckoning

EditorialJun 3, 2022

The main opposition Democratic Party of Korea suffered a crushing defeat in the local elections. The ruling People Power Party won by a landslide in the race for 17 metropolitan mayors and provincial governors, which was the highlight of the June 1 local polls. The conservative People Power Party took 12 constituencies including Seoul, while the liberal Democratic Party won in five regions, four of them being traditionally supportive of the party. In the first nationwide poll held 22 days afte
[Photo News] The day after the election

PoliticsJun 2, 2022

No more loud music, street banners and canvassing trucks. Local elections are over in South Korea now. The usual post-election scenes here include winners making a visit to symbolic sites such as a war memorial as a show of their commitment to serving the people, while losers take time to reflect on the results. Similar scenes took place on Thursday. Here are some photos that show what went down a day after the nationwide local elections, which came just three months after a nail-biting presi
[Photo News] BMW M celebrates 50th anniversary

IndustryJun 2, 2022

BMW’s M division vehicles are on display at the BMW Driving Center located in Yeongjongdo, Incheon, on Thursday. BMW Korea plans to hold a series of promotional events, including a special exhibition at the center to celebrate the 50th anniversary of the German carmaker’s high-performance motorsport brand for the next two months. (BMW Korea)
Hong adds Daegu mayor to his unconventional career trajectory

PoliticsJun 2, 2022

Even by the standards of South Korea’s convoluted politics, Hong Joon-pyo has had a rather unusual career trajectory. He was a five-time lawmaker, twice elected governor of South Gyeongsang Province and head of the main conservative party for two separate stints. He was the party’s presidential candidate five years ago and recently was a runner-up in its presidential primary, losing to Yoon Suk-yeol who went on to take the top state office. In Wednesday’s election, Hong
[해커스 TOEIC] 토익 점수 Up 단어, Part 5 문제

English EyeJun 2, 2022

2) 파트 5 3문제 1. As expected, the new supermarket had an enormous ------- on the small grocery stores owned by families in the community. (A) effort (B) impact (C) contact (D) prestige 해석 -- 예상대로, 새 슈퍼마켓은 그 지역 가구들이 소유한 작은 식료품점들에 엄청난 영향을 주었다. 해설 -- 명사 어휘 문제 ‘슈퍼마켓은 작은 식료품점에 엄청난 영향을 주었다’라는 문맥이 되어야 하므로 ‘영향’이라는 뜻의 명사 (B) impact가 정답이다. 참고로 (A) effort는 ‘노력, 수고’, (C) contact는 ‘연락, 접촉’, (D) prestige는 ‘위신, 명망’의 의미임을 알아둔다. 어휘 as expected
[Kim Myong-sik] Disturbing anti-intellectualism in politics

ViewpointsJun 2, 2022

Most South Korean adults must probably know what the “586 Generation” means. If you are a foreigner unfamiliar with Korean politics, let me explain. It refers to the bunch of midcareer politicians who were born in the 1960s and entered college in the turbulent 1980s, so naturally who now are in their (late) 50s. The 586 Generation, or just “586” for short, emerged as a group occupying a big turf in Korean political topography when many people who were active in pro-democ
[Doyle McManus] To deter China on Taiwan, Biden needs to reassure

ViewpointsJun 2, 2022

Last week, in an unscripted moment, President Joe Biden warned bluntly that if China invades Taiwan, the United States will come to the island’s defense. “We’ve made a commitment,” Biden told reporters at a news conference in Tokyo. Including military action? “Yes,” he replied. That isn’t what US policy on Taiwan says -- not officially, at least. The White House and State Department hurriedly tried to walk back the president’s words. “O
[Editorial] Cultivating chip industry

EditorialJun 2, 2022

The South Korean government plans to nurture more than 3,000 skilled experts for the semiconductor industry by 2027, the Ministry of Science and ICT said Monday, a move that follows the high-profile visit of US President Joe Biden to a Samsung Electronics facility amid the global shortage of chips. The announcement of the plan itself is timely for the domestic semiconductor industry, which is home to the world’s biggest memory chipmaker Samsung and the second-largest DRAM supplier SK hyni
[Contribution] Why hydrogen alliance among Korea, Japan, and Australia is important

IndustryJun 1, 2022

The future of hydrogen looks promising in East Asia, as the region’s largest carbon emitters -- Korea and Japan -- have adopted a stance toward importing substantial amounts of hydrogen from abroad. The two countries have quite similar energy profiles that have resulted in comparable decarbonization approaches, especially with respect to the use of hydrogen to replace fossil energy sources. However, the fact that Korea and Japan lack renewable power, gas production as well as carbon stor
[Photo news] Egg prices to rise

IndustryJun 1, 2022

Egg cartons fill the shelves at a hypermarket in Seoul on Wednesday. South Korea-based Maeil Dairies raised the shipping prices of products ranging from eggs to processed milk and flavored milk up to 11 percent amid inflation woes, beginning Wednesday. (Yonhap)
Ruling party wins 10 of 17 key local election races: exit poll

PoliticsJun 1, 2022

The ruling People Power Party was projected to win 10 of the 17 metropolitan mayoral and gubernatorial posts, including Seoul mayor, in Wednesday's local elections, according to a joint exit poll by three major TV broadcasters. The main opposition Democratic Party was expected to grab four posts, including the governorships in the Jeolla provinces, according to the poll conducted by KBS, MBC and SBS. Three races, including the contest for Gyeonggi govenor, were too close to call. In a sepa
Voter turnout at 50% as polls close for ordinary voters

PoliticsJun 1, 2022

Voter turnout for South Korea's local elections stood at 50 percent as of 6 p.m. Wednesday, as polls closed nationwide for ordinary voters, according to the country's election authorities. This is 10.2 percent points lower than the level recorded at the same time in the previous local elections in 2018. Voting by COVID-19 positive voters and those in quarantine commenced at 6:30 p.m. and will last until 7:30 p.m. Some 20.62 percent of the registered voters cast their ballots during the two
Korea Quiz (5) Road trip to North Korea?

Hashtag KoreaJun 1, 2022

Test your knowledge of Korea with our weekly quiz on the language, culture, history or anything K-related. Answer: ⓑ 　 South Koreans can travel to far-flung, exotic destinations if they want, but there is one place that remains off limits -- North Korea. The irony of this is that the two countries are just 195 kilometers apart, from capital to capital. By road, it would be around a three-hour drive. 　 To put this in context, the distance between Seoul
[영어답게 표현하기] 유용한 비즈니스 영어 표현들

English EyeJun 1, 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. <비용> 1 A: I can’t believe that we’re paying $23 to ship a product worth only $11. B: If shipping charges keep eating into our budget, we should just start delivering the products ourselves. A: 단지 11달러의 가치가 있는 상품을 위해 23달러의 배송비를 써야 한다니 믿을 수 없어. B: 배송비가 계속 예산을 잡아먹으면 상품을 직접 배송해야 합니다. SITUATION
[Jean Pisani-Ferry] The eurozone’s unusual policy playbook

ViewpointsJun 1, 2022

The economic situation in Europe is truly disconcerting. Annual inflation in the eurozone has reached a record-high 7.4 percent, yet banks still lend to each other at negative rates. In April, year-on-year inflation in Estonia was a hair’s breadth shy of 20 percent, but only 5.4 percent in Malta. Public debt as a share of GDP is at unprecedented levels, yet German bond yields remain significantly below their long-term average, and spreads, though rising, are still contained. Across the con