Since June, the Prime Minister’s Office has sought to mediate a conflict between the prosecution and the police over criminal investigation rights. But the office could not come up with a compromise that was satisfactory to both sides. To resolve the long drawn-out dispute once and for all, it had to invoke its authority to force a compromise on them.On Wednesday, the PMO announced its final answer to the knotty problem in the form of a draft to revise the relevant presidential ordinance. The dr

Despite the government’s opposition, a plan to collect more taxes from the very wealthy to increase welfare spending is gaining traction among lawmakers of the ruling Grand National Party.In an about-face, GNP leader Hong Joon-pyo expressed on Tuesday his support for the scheme, which is being promoted by Rep. Chung Doo-un, head of the Youido Institute, the party’s think tank. Hong stressed the need to impose a higher income tax on the super-rich. Under the current tax system, he said, people ea

In today’s information society businesses are becoming globalized and interlinked with each other on the Internet. In addition, companies are handling larger amounts of data and managing confidential information. This obviously increases the potential risks of cyber security and privacy on the Internet for businesses.According to a survey in 2010 from the Korea Internet & Security Agency, Korean businesses seem in grave danger of information security vulnerabilities because of hidden risks. Firs

The forthcoming Durban conference comes at a major crossroads in international relations, with continuing economic malaise in the West being counterpoised with the increasingly rapid shift of power to emerging economies. Mirroring this structural change is a fundamental shift in the center of gravity of the global climate change debate that few have yet to recognize. While the outlook for Durban is highly uncertain, a critical mass of countries are currently advancing landmark domestic climate c

You’ve probably never heard of Taunus Corp., but according to the Federal Reserve, it’s the U.S.’s eighth-largest bank holding company. Taunus, it turns out, is the North American subsidiary of Germany’s Deutsche Bank AG, with assets of just over $380 billion. Deutsche Bank holds a large amount of European government and bank debt; it also has considerable exposure to lingering real estate problems in the U.S. The bank, therefore, could become a conduit for risk between the two economies. But wh

One area where the U.S. indisputably leads the world is incarceration. There are 2.3 million people behind bars, almost one in every 100 Americans. The federal prison population has more than doubled over the past 15 years, and one in nine black children has a parent in jail. Proportionally, the U.S. has four times as many prisoners as Israel, six times more than Canada or China, eight times more than Germany and 13 times more than Japan. With just a little more than 4 percent of the world’s pop

Germany, with the help of the European Central Bank, has achieved a level of dominance in Europe it hasn’t enjoyed since World War II. It is to that period, and a bit earlier, that it might look for lessons on how to save a troubled European project. The rapid fall of euro-area governments in recent days demonstrates the enormous influence Germany and the ECB have gained over sovereign nations. By withholding the money needed to restore confidence in struggling countries’ finances, they have hel

Jamie has felt terrible pain in his stomach for a few weeks. So he squeezes some time out of his hectic schedule and knocks on the door of the regular clinic near his place. After undergoing 20 minute-long endoscopy, he staggers to a seat opposite the doc, and find himself hearing the words, the very words breaking his dizzy body into tiny splinters ... “You have gastric cancer, I’m sorry, it’s terminal...”After that, Jamie’s battle for life begins, leaving no stone unturned to catch even the la

Soaring student debt is a problem that only Congress can answer. Until it acts, students and their families will keep falling deeper into debt.For years, state support of higher education has dropped drastically, pushing tuitions up. At the same time, most American families have seen their incomes shrink, forcing them to borrow more and more if they want to send their kids to college. It’s no wonder the total amount of money Americans owe for higher education is now more than what we owe on cred

The White House decision to back a California-based maker of advanced solar panels with a $535 million loan guarantee in 2009 looks seedier by the day. By all appearances, this deal and subsequent debacle had more to do with campaign cash and hoodwinking voters than it did with green energy.Solyndra Inc. burned through its loans in just two years, filed for bankruptcy and threw its employees on the street.If the story stopped there, it would be bad enough. But a trail of emails trickling out ove