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Daily news updates provided by Joongang Daily
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Apr. 3, 2013
- Why visit Pyongyang anyway?
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Straight trees often have crooked roots. You can’t judge them just by looking at them. Google’s Executive Chairman Eric Schmidt’s visit to North Korea reminds us of that truism. In January, the chairman of world’s largest Internet search service spent four days in Pyongyang. Time is money to...
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Apr. 3, 2013
- Actions speak louder than words
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The Park Geun-hye administration’s first national security meeting at the ministerial level was held at the Blue House yesterday. The meeting was aimed at preparing countermeasures against North Korea’s belligerent moves by sharing assessments of the current situation among the ministries of ...
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Apr. 3, 2013
- Restore the overall economy
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In its first substantial step to reinvigorate the slow-moving economy, the government has announced a real estate stimuli package, comprised of significant deregulation, tax easing and incentives to get people to both buy and sell in the housing market. The all-out nature suggests the governmen...
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Apr. 2, 2013
- An economic-growth flight plan
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The Ministry of Strategy and Finance has lowered its forecast for this year’s economic growth to 2.3 percent, noting the more or less flat growth for the past seven quarters. The U.S. economy is showing signs of recovery, and it believed to be running at a 2 to 3 percent growth rate. The sec...
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Apr. 2, 2013
- Preventive diplomacy is key
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“Spring has come,” the poem says, “but it is not quite spring yet.” The challenges and crises we face are as severe as winter’s cold. Aside from our tangled domestic situation, war clouds produced by North Korea’s nuclear program continue to threaten peace in Northeast Asia. The Rebuild J...
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Apr. 2, 2013
- Set a clear economic direction
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The economic team of the new government is starting off on a shaky note. In its first economic policy review meeting, the government slashed this year’s growth forecast and warned it could run out of money in the second half. It argued that it would have to raise a supplementary budget of arou...
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Apr. 2, 2013
- Toward real prosecution reform
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Prosecution reform has become a core agenda of our society since the December presidential election. It is about time to begin a full-fledged discussion on how to achieve it. We pay keen attention to the confirmation hearings on the nominee to head the top law enforcement agency because the dir...
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Apr. 1, 2013
- China’s hacking made in the U.S.A.
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Ten years ago, while visiting International Business Machines Corporation’s software-research lab in Beijing, I observed dozens of Chinese employees moving about seemingly free of any security-related limitations. I asked the lab’s manager two questions: “Do you have any way of knowing whet...
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Apr. 1, 2013
- Why work at work?
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PHUKET - Marissa Mayer, the new CEO of Yahoo, recently created a fuss by issuing an edict that forbids anyone at the company to work from home. Mayer’s demarche received a lot of press coverage, probably more than it deserved. That may not be so surprising: she is a woman, and she allegedly ha...
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Apr. 1, 2013
- The spending conundrum
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Top economic officials are warning of a South Korean version of the fiscal “cliff” the United States faced at the end of 2012 in their campaign for a supplementary budget. They indicated at least 12 trillion won ($10.8 billion) in extra funds will be needed to be raised by the issuance of gove...
