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[Tyler Cowen] Let robots teach American schoolkids

ViewpointsJul 19, 2017

For all the talk about whether robots will take our jobs, a new worry is emerging, namely whether we should let robots teach our kids. As the capabilities of smart software and artificial intelligence advance, parents, teachers, teachers’ unions and the children themselves will all have stakes in the outcome.I, for one, say bring on the robots, or at least let us proceed with the experiments. You can imagine robots in schools serving as pets, peers, teachers, tutors, monitors and therapists, amo
[Pascal-Emmanuel Gobry] Macron caves to the military

ViewpointsJul 19, 2017

French President Emmanuel Macron had steamrolled every adversary in his path -- until he tried to take on the military.Macron has embarked on a spell of budgetary austerity, a move that will hurt growth but is being pursued out of a misplaced desire to meet the European Union’s arbitrary 3 percent deficit target. As part of that effort, the previous government had announced cuts to the defense budget of $968 million for this year, which Macron pledged to uphold.Gen. Pierre de Villiers, the highl
[Jonathan Allen] Willingness of Republicans to provide cover for Trump gone

ViewpointsJul 19, 2017

President Donald Trump is losing the Republican Congress.The June 2016 meeting between a Russian lawyer and Donald Trump Jr., Jared Kushner and Paul Manafort, among others, underscores what was obvious to anyone paying close attention to the election before ballots were cast: Russia wanted Trump to win, and Trump wanted Moscow’s help.Until that meeting was revealed, though, there was a little wiggle room for Trump’s reluctant defenders to dismiss evidence of collusion as circumstantial. Now, the
[Editorial] Conditions for talks

EditorialJul 19, 2017

The US has responded negatively to the South Korean government’s proposals to hold military and Red Cross talks with North Korea.White House Press Secretary Sean Spicer said at a briefing, “Any type of conditions that would have to be met are clearly far away from where we are now.”Asked about Trump’s reaction to the offers for talks, Spicer said, “Those comments came out of the Republic of Korea (South Korea) and I would refer you back to them.”The US State and Defense departments reportedly al
KCCI chairman urges voluntary changes in businesses, more jobs

EconomyJul 19, 2017

JEJU ISLAND, Jeju Province -- Amid growing tension in the corporate community over the government’s chaebol reform drive and planned minimum wage hike, the head of the nation’s top business lobbying organization Wednesday called for voluntary changes and efforts to create more jobs.Stressing the public role of businesses in the South Korean economy, Park Yong-maan, chairman of the Korea Chamber of Commerce and Industry, said that the time is ripe for businesses to respond to growing
Producer prices down 0.4% in June on oil price drop

EconomyJul 19, 2017

South Korea’s producer prices fell slightly for a fourth straight month in June, reflecting the recent drop in oil and raw material prices, the nation’s central bank data showed Wednesday.The producer price index as of the end of June stood at 101.79, down 0.4 percentage points from the previous month and 0.9 percentage points up from the end of last year, according to provisional data released by the Bank of Korea.The corresponding index, indicating the price fluctuation of products
[Monitor] Everland tops list of most popular destinations

IndustryJul 19, 2017

Everland Resort, an amusement park owned by Samsung, topped to the list of the most popular tourist destinations in South Korea for both Koreans and foreign visitors, according to the Korea Culture and Tourism Institute.A total of 6.96 million people visited Everland, located in Yongin, Gyeonggi Province, in 2016. It marks the second consecutive year for the resort to top the list.Following was the palace Gyeongbokgung, sitting at the center of the capital. Its rank shot up three slots from 2015
[Advertorial] Eximbank donates cars for multicultural centers

IndustryJul 19, 2017

Hong Young-pyo, executive director of the Export-Import Bank of Korea (third from left, front row), Community Chest of Korea Secretary-General Park Chan-bong (second from right) and eight recipients from centers for multicultural families, including Ahn Dae-hwan, head of the Korea Migration Foundation (center), pose at a donation event held at the Eximbank of Korea headquarters in Seoul on Tuesday. (Eximbank)The Export-Import Bank of Korea said Wednesday it donated eight cars to centers supporti
Moon’s policies carry high costs for economy

EconomyJul 19, 2017

Concerns have been raised that a set of policies being shaped by the Moon Jae-in administration will result in cutting deep into the competitiveness and efficiency of the Korean economy by aggravating its high-cost structure.Economists are beginning to ring alarms over this possibility, noting the country has already seen its major industries losing their competitive edge in the global market in the face of mounting challenges from foreign rivals while facing difficulties finding new growth engi
Hyundai to widen access to performance cars

TransportJul 19, 2017

HWASEONG, Gyeonggi Province -- The N project by Hyundai Motor does not ring a bell at first glance, despite its sleek slogan of high-performance driving. But when taking a ride in the passenger seat for a test drive of the Racing Midship, the flagship symbol of the project, one begins to understand what South Korea’s largest automaker is setting out to achieve.Dubbed N project’s “rolling test-lab,” the Veloster-based RM16 is the fastest car by the South Korean carmaker to date, as it surpasses 1
[Herald Interview] Hyundai cautious on separating N brand

TransportJul 19, 2017

HWASEONG, Gyeonggi Province -- Having Genesis as an independent brand from Hyundai Motor was intended to maximize its image. But when it comes to the N project, the carmaker’s drive to produce high performance vehicles on a commercial level, Hyundai seems to be more restrained.“As for whether Hyundai will launch a separate division or brand for high performance vehicles like Mercedes-Benz’s AMG remains to be seen,” said Im Se-bin, director of the High Performance Vehicle Development Group at Hyu
Posco hosts forum to encourage use of cutting-edge tech

IndustryJul 19, 2017

As the first steelmaker in the world to construct a smart factory for steel production, Posco said at a forum Wednesday that applying the system to the entire manufacturing process and eventually combining smart technology to management is key to maximizing performance.During the Smart Posco Forum 2017, Posco Chairman Kwon Oh-joon delivered a speech, saying, “In the era of the ‘fourth industrial revolution,’ Posco must continue to take on challenges to realize a smart Posco.”“We will expand the
GS chairman stresses bold investments in face of uncertainty

IndustryJul 19, 2017

GS Group Chairman Huh Chang-soo (GS Group)GS Group Chairman Huh Chang-soo on Wednesday emphasized the importance of making bold investments ahead of others for growth in the fast-changing industrial landscape at a meeting with executives.Some 150 executives of GS affiliates participated in the meeting held to prepare for the third quarter at GS Tower in Gangnam district, southern Seoul. “The more uncertain the future is, the more we need to make bold investment choices ahead of others to secure
Nexen Heroes sign ex-MLB outfielder Michael Choice

BaseballJul 19, 2017

The Korean Baseball Organization’s Nexen Heroes announced yesterday that they have agreed terms with former major league outfielder Michael Choice. Michael Choice in a game with the Texas Rangers in 2014. (AFP)By KBO rules, teams are allowed three foreign players, one of whom must be a position player. Choice will take the foreign position player spot vacated by first baseman Danny Dorn, who was recently put on waivers by Nexen. Last year Dorn hit .295 with 16 homers and 70 RBIs for Nexen, but s
KBO midseason update: MVP and Rookie of Year standings

BaseballJul 19, 2017

Using a statistic called WAR, KIA’s Choi Hyung-woo and Nexen’s Lee Jeong-hoo currently stand as runaway front-runners in the 2017 KBO MVP and Rookie of the Year races, respectively.WAR, or wins above replacement, is a statistic that attempts to compute player value, allowing for players across positions and time periods to be compared. Roughly-speaking, the average WAR for a starting position player or pitcher is around 2.In addition to WAR, Choi is currently at or near the top of the KBO leader