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  • Despite Abe’s Policies, Korea-Japan Relations S...

    photo Shinzo Abe is about to begin his third term as prime minister of Japan. In the snap parliamentary elections held on December 14, Abe’s Liberal Democratic Party (LDP) won 291 seats in the 475-member Lower House. Adding the seats o...

  • Conditions of an Advanced Nation and Capacity fo...

    photo During a visit to Korea, I was asked to describe the conditions of an advanced nation. My thoughts turned to Britain, where I am staying now. The British economy, together with the U.S. economy, is making a solid turnaround. Thoug...

  • Low Salary and Miseries of the World

    photo What is the wage level that corresponds to your definition of “low wage labor”? Since everybody constructs a world of their own in their minds, and money seems to be in perpetual paucity for many of us, it is natural that people...

  • A Tribute to Korean Fathers

    photo A movie that I wanted to see was released yesterday. It is "Ode to My Father" (its Korean title is "Gukje Sijang" referring to Gukje Market in Busan) directed by Yoon Je-kyoon and starring Hwang Jung-min and Kim Yun-jin. After I w...

  • Korea’s Trade Growth and Current Trends

    In 2014, Korea’s external trade reached US$1 trillion for the fourth straight year with its total trade volume expected to hit a record high, well above that of 2011. Robust performance by small and medium-sized enterpr...

    Economic and Business Keys of 2015

    Anticipating what lies ahead for the domestic economy and business community in the New Year, Hyundai Research Institute has chosen 10 keys for 2015. They include events such as Korea matching Japan’s per capita GDP, is...

  • Traditional Smiths in Modern-day Seoul

    photo The firepower is over 2,000 degrees Celsius. The younger brother lifted a rectangular red-hot spring steel with tongs, burrowing in the furnace raging with flame. It is cast iron just before being melted. The older brother, who is...

  • The Sea Completes Silk Road

    photo Jeong Su-il, director of the Korea Institute of Civilizational Exchanges (KICE) and a pioneer in the study of the Silk Road, has recently published two books, “The Cyclopedia of Sea Silk Road” and “Silk Road,” in par...

  • Koreans’ Germany Fantasy a Little Inflated

    photo There was a time when products made in the USA and made in Japan were considered the best you could get. Everything from everyday appliances to policies and politics were imported from the two countries. When it came to economic s...

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