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  • How Much Does Park Know about the Military?

    photo North Korea has failed in economic self-reliance, while South Korea has failed in achieving military self-reliance. The North's failure is so bad that even pro-North Korean activists in the South are reluctant to live there. But w...

  • Are Wealthy People Criminals?

    photo At a recent dinner gathering, a person asked what needed to be done to boost domestic consumption. A former cabinet member said that it could be easily done when the National Assembly and the news media behaved themselves. His rep...

  • Return to a Medieval Hereditary Society

    photo Golden rice fields look forlorn and serene. The scenery of harvest, the result of farmers' sweaty work, looks picturesque. But it has a heartbreaking story of political economics of its own. Farmers make a living, send their child...

  • The Odyssey of 20-Somethings

    photo A recent posting on a humor website reads, “Ten-somethings have no discretion; 20-somethings have no answer; 30-somethings have no house; 40-somethings have no money; 50-somethings have no job; 60-somethings have no strength; and...

  • Labor Productivity of South and North Korea

    Slow economic growth and a sharp drop in labor productivity has shrunk North Korea’s real gross domestic product by 12 percent since 1990, when it was 35.0 trillion [South Korean] won. In 2013, the North’ real GDP was 30.8 trillion won. A further decline in labor productivity will create additional problems in the course of reunification of the Korean peninsula. The labor productivity gap between North and South Korea will widen and the cost burden of reunification on South Koreans could rise exponentially.
    Expansion of economic cooperation between the two Koreas could close the widening gap in labor productivity. The possibility for improvement has been displayed already at the Kaesong (Gaeseong) Industrial Complex, a showcase of inter-Korean economic cooperation.

  • Singles Share Living Spaces and Lifestyles

    photo Twenty people in their early to mid-thirties are living on a shared housing scheme called "People in Our Neighborhood." Six students of a Buddhist university who dreamed of making a living as farmers began the arrangement three y...

  • Virtue is the Key to Happy Longevity

    photo In this age of centenarians, aging well is becoming as important as well-being. It is time people thought seriously about how to age and how to spend their later years. How did our ancestors, whose average life span was ...

  • Lee Sir-goo: “I’m not sure about beating Naver...

    photo One of the biggest business stories in Korea this year was the merger of Daum Communications and Kakao on October 1. Founded in 1995, Daum Communications is one of the first-generation tech start-ups. It created the highly popular...

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