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Reporter : Kim Jae-kyoung
Tue, February 27, 2024 | 10:11
Peace treaty proposal drawing caution
President Moon Jae-in needs to take a more cautious approach with his initiative to sign a “peace treaty” with North Korea until Pyongyang agrees to halt the development of its missile and nuclear programs, international experts said Sunday. They are voicing concerns that pushing for his idea despite the North’s ongoing provocations could in the end drive a wedge between South Korea and the United States. The U.S. is now seeking harsher sanctions against the reclusive country in cooperation with its allies following the launch of an intercontinental ballistic missile (ICBM), Tuesday, capable...
ICBM test to harden Trump's resolve on NK
The United States is likely to take new steps to contain North Korea’s development of missile programs by pursuing sanctions against China and some Southeast Asian countries, analysts said Friday.
[INTERVIEW] Trilateral cooperation crucial to tackle N. Korea issue
Trilateral cooperation among South Korea, the United States and Japan will be crucial in finding a breakthrough on North Korean nuclear and missile issues, according to a former special adviser to the U.S. State Department. She believes such efforts will not only show the allies’ strong unity but also help coordinate responses to North Korea, while urging China to play a bigg...
N. Korea seeking to forestall S. Korea's lead in talks
North Korea is seeking to forestall South Korea’s attempt to take a leadership role in nuclear talks by using its missile technology as leverage, according to experts on the North. They said that the latest test of an intercontinental ballistic missile (ICBM) has made it clear that Pyongyang led by its young leader Kim Jong-un will never give up its ambition to become a nucle...
'Good start but no breakthroughs'
President Moon Jae-in should have his administration develop strategies to address substantive issues from the Korea-U.S. summit as soon as possible, according to American experts on Korea. They said the summit between Moon and U.S. President Donald Trump could be considered a “win-win” in that the two leaders developed rapport, but Seoul should not be too excited about the j...
Samsung Electronics needs more ties for innovation
SINGAPORE - Samsung Electronics must form more alliances with startups and smaller firms to find new business models and accelerate innovation, according to a leading academic expert on this. “Korean chaebol have ushered new ways of thinking about global innovation, and they’ve proven that massive industrial investment and cooperation could lead to global success,” Bruno Lanv...
BOK rate hike unlikely until next year
The Bank of Korea (BOK) is unlikely to raise its key interest rate until next year due to a possible economic downturn in the quarters to come, global economists forecast. They warned that credit tightening could kill the positive effects of the fiscal stimulus currently being pushed forward by President Moon Jae-in and his administration. The warning comes after BOK Governor Lee Ju-yeol recently hinted at a tightening of monetary policy by saying, “There is a need to adjust the extent of monetary easing should economic conditions show a marked improvement.”
Moon should lead ASEAN diplomacy
SINGAPORE - President Moon Jae-in has pledged to pursue multiple-track diplomacy since he took office. He believes now is the time for South Korea to diversify its diplomacy because it has been too occupied with its relations with the four great powers - the United States, China, Japan and Russia. This approach has limited its diplomatic strategies at times of uncertainty dee...
Borrowers get more vulnerable to income shock
The Korean government should come up with macroprudential measures to curb household debt to prevent the excessively rising debt from becoming a source of financial instability, a number of global economists warn. They said more and more households with lower income are becoming susceptible to higher interest rates. “It should be mindful that a group of borrowers with poor credit ratings and low income as well as self-employed borrowers are vulnerable to unfavorable interest rates and income shocks,” said Sumio Ishikawa, lead economist for Korea at the ASEAN+3 Macroeconomic Research Office (...
Moon urged to re-examine employment plan
Global economists have called on President Moon Jae-in to re-examine his jobs creation policy because it could become a heavy social burden in the long term and undermine the nation’s economic growth potential. They urged Moon and his policymakers to look closely into the efficiency and productivity of the public sector jobs they seek to create in order to avoid serious pitfalls.