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Opinion

Columnists

Why dollar as reserve currency is America's Achilles heel

Here's a thought experiment. The government can wave a magic wand and automatically reduce the price of exports by 15 percent and increase the price of imports by the same.

2022-07-21 16:59

Korea's advanced industry success story

Nations are in a fierce win-lose competition for global market share in advanced, traded-sector technology industries, because winning enables not only prosperity, but economic and national security - especially for allied nations where China's gain often comes at their loss.

2022-06-14 16:24

Roadmap for Korea-US technology cooperation

The last decade has made it clear that China did not move toward open trade, freer markets, or political liberalization as so many expected. Instead, under President Xi Jinping, China doubled down on authoritarian politics and mercantilist economic and trade policies. This would be problematic enough on its own, but China appears to be also seeking global economic and political hegemony - so it can be challenged by no one.

2022-05-19 16:55

Time to expand R&D credit for large Korean firms

Technological innovation is the foundation of economic progress, and research and development is the rocket fuel of innovation. That's why governments around the world provide financial support for R&D, both directly through grants and indirectly through tax incentives for companies, big and small.

2022-05-11 16:15

Korea should participate in proposed Indo-Pacific Economic Framework

The Biden administration has launched its Indo-Pacific Economic Framework (IPEF) to increase economic cooperation among Pacific region democratic nations. Korea should be an active participant. In an effort to bring together democratic, rule-of-law Pacific-rim nations in a new trading bloc, it was clearly a disappointment that the United States did not join the Trans-Pacific Partnership (TPP) trade agreement.

2022-04-21 16:16

Has Russia awakened democracies to cooperate vis-a-vis China's economic aggression?

The Russian invasion of Ukraine is a horrific violation of international norms and human rights. Putin's actions have sent a wake-up call to much of the world. And rightly, many countries and companies are taking steps to penalize Russia for its aggressive actions, including economic sanctions. This includes a number of major technology companies, including ones in the United States and Korea.

2022-03-09 16:12

Korea's 'untact' initiative is unbelievable

Last year tens of millions of people outside Korea watched and enjoyed “Squid Game.” Hopefully this year other nations will “watch” and learn from Korea's new and innovative “untact” initiative.

2022-02-10 16:52

Calm down: AI isn't magic, just software

It's easy to get caught up in artificial intelligence (AI) hype. We are bombarded with claims that AI is a transformative technology: more powerful than a locomotive, able to leap tall buildings in a single bound. In other words, AI is the “Superman” of all technologies, doing things no other technology could ever do.

2022-01-06 16:29

What can be done to slow down China's technological advancement?

In the Greek myth about swift-footed Atalanta, the daughter of the king who must marry anyone who beats her in a race, her challenger, Hippomenes, dropped three golden apples during the race because he knew that Atalanta would have to stop to pick them up, and it was only in this way that he could win the race.

2021-12-09 16:52

On clean energy innovation, nothing to cheer about

The U.N. climate conference going on in Glasgow is focusing on whether national governments are willing to ramp up their commitments to reduce greenhouse gas emissions. President Moon Jae-in recently announced a commitment for Korea to cut its greenhouse gas emissions 40 percent by 2030.

2021-11-04 16:55

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