The proposition that major currency devaluations are more likely to come immediately after, rather than before, an election is being tested anew. In the biggest voting year in history, the implications could be far-reaching. Economists will recall the Nobel laureate economist William D. Nordhaus’ influential 1975 paper, “The Political Business Cycle.” According to Nordhaus, in the year leading up to an election, governments are more inclined to pursue fiscal and monetary expans

Today, we are witnessing a sharp confrontation between authoritarian countries and democratic countries. It is like deja-vu for those of us who recollect the clashes between Communist countries and the “Free World” after World War II. Authoritarian countries have a nostalgic longing for their glorious past and dream of recovering their former power and territories. The democratic countries try to stop them from invading other countries and promote peaceful coexistence instead. So

By Salohiddin Kirom, Tajikistan's ambassador to South Korea April 27 marked the 32nd anniversary of the establishment of diplomatic relations between the Republic of Tajikistan and the Republic of Korea. Under the astute leadership of President Emomali Rahmon, Tajikistan has witnessed remarkable progress and development since its independence. The country has established a robust political and legal foundation, fostering stability and prosperity. Tajikistan's international standing has

Samsung Electronics said Monday it has opened the Samsung Olympic Experience Zone ahead of the upcoming Olympics in Paris. The venue, a collaboration with Pritzker Architecture Prize winner Jean Nouvel, will operate from March 3 to Oct. 31 to display diverse Galaxy devices. Samsung has been the official partner of the Olympics and Paralympics for about four decades. (Samsung Electronics)

Renault Korea opens a new showroom in Daegu on Monday as part of the carmaker's brand revamp announced earlier this year. The latest showroom is the third of its kind here to embrace the French carmaker's new showroom concept, called "rnlt©." The showroom also features a range of lifestyle products under the brand name, "The Originals." (Renault Korea)

Doosan Robotics demonstrates the efficiency of its robotic solution for cooking fried food at a high school in Chuncheon, Gangwon Province, according to the company on Tuesday. The robotic solution is capable of cooking fried dishes for 500 people in two hours by operating six frying baskets at once. (Doosan Robotics)

2) 해커스 텝스 문법 Part Ⅰ Choose the best answer for the blank. 1. A: It’s taking too long to post these pictures. B: I know. They _____ have been up by now. (a) would (b) should (c) could (d) must 해석 A: 이 그림들을 게시하는 데 시간이 너무 오래 걸리네. B: 그러게 말이야. 지금쯤이면 그것들은 업로드 되었어야 하는데. 해설 적절한 조동사 채우기: should 의미에 맞는 조동사를 채우는 문제이다. '이 그림들을 게시하는 데 시간이 너무 오래 걸리네'라는 A의 말에 B가 '그러게 말이야. 지금쯤이면 그것들은 업로드 되었어야 하는데'라고 답하는 문맥이 되어야 하므로, 빈칸 뒤의 have p.p.와 함께 쓰여 ‘~해야 했다(그런데 하지 않았다)’라는 뜻을 완성하는 조동사 (b) should

Economics has always had a strange and much-debated relationship with money. For a long time, economists -- including Nobel laureates like Merton Miller and Franco Modigliani -- regarded money merely as a medium of exchange. But by building on the work of John Maynard Keynes and Hyman Minsky, economists have since moved beyond a narrow focus on the quantity of money to consider its structural influence on the real economy and the financial system. A structural understanding of money and finance

SK Group Chairman Chey Tae-won (left), who doubles as chair of the Korea Chamber of Commerce and Industry, and Bi Jinquan, executive vice chairman of the China Center for International Economic Exchanges, a state think tank, meet in Beijing on Monday to discuss ways to expand economic cooperation between the two countries. This meeting was held to check on the implementation status of the agenda items discussed at the fourth edition of the Korea-China High-Level Economic Dialogue, jointly hosted

Kumho Tire held a brand experience day at the Vairano Circuit in Milan on April 21 to offer European dealers hands-on experiences with the Korean brand, the tire maker said Monday. The company plans to bolster its presence in the European market even further, as it has seen an average of 20 percent annual growth rate in its regional revenue over the last five years. The Korean tire maker has set out the record-high goal of reaching 4.56 trillion won ($3.3 billion) in annual sales this year after

Pending Bill: Partial Amendment to the Financial Investment Services and Capital Markets Act Proposed by Yun Chang-hyun (People Power Party) ● Under the Financial Investment Services and Capital Markets Act, only regulations concerning issuance apply to investment contract securities due to their atypical characteristics and limited distribution potential. However, unlike before, online transaction platforms have made it easier for investors to trade investment contract securities. Therefore,

Min Hee-jin, CEO of Ador (a subsidiary of Hybe) has accused Hybe and its other subsidiary Belift Labs of plagiarism over the similarity between supergroup NewJeans (Ador) and new girl group Illit (Belift Labs). In turn, Hybe has asked Min Hee-jin to step down and has accused her of “breach of trust” in its press release. To any casual K-pop fan familiar with both groups, there is little doubt that Illit’s sound and choreography is reminiscent of NewJeans. However, many other ne

South Korea's economy expanded at a much faster pace than expected in the first quarter of this year, offering relief to those concerned about the severe slump experienced last year persisting for an extended period. This news is especially welcome for a country still grappling with domestic instability and uncertain global geopolitics. However, beyond the social and political instability at home and longstanding global geopolitics, there are other pressing issues that demand attention: t