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Korea should go all-out to reinvigorate economy The U.S. Fed has lowered its benchmark interest rate by 0.25 percentage points for the first time in 10 years and eight months. It also has decided to end the "quantitative tightening" ― retrieving money from the market ― two months ahead of schedule. The Fed's rate cut had been anticipated and kept pace with its South Korean..

Korea, Japan should not give up diplomatic efforts South Korea and Japan risk heading for an all-out trade war. The prospects for a negotiated solution look dim because the two countries failed to narrow their differences during their foreign ministers' meeting Thursday. The ministers met in Bangkok on the sidelines of the annual ministerial talks of the Association of Southea..

Policymakers should see why manufacturing sector is dying The situation facing the nation's manufacturing industry is getting increasingly ominous. Dark clouds are weighing down all related figures, ranging from corporate performance and indices to business sentiment and outlook. Samsung Electronics' second-quarter performance report released Wednesday backed up this gloomy re..

Economy should be put on crisis management mode SK hynix has decided to reduce its production of memory chips. The decision by the world's second-largest semiconductor maker is aimed at weathering the continuous price drops resulting from a supply glut through an output cut. SK will curtail the production of DRAMs from the fourth quarter of this year. SK had a 25.8 percent of ..

Plaintiffs who won a compensation suit against Mitsubishi Heavy Industries for its wartime forced labor filed a formal request to a local court Tuesday to seize and liquidate the Japanese firm's assets in Korea, after the company refused to abide by a November Supreme Court ruling in their favor. The request came amid an escalating feud between the two countries following the ..

North Korean missiles give reality check for Seoul, Tokyo The foreign ministers of South Korea and Japan had talks over the phone for about 20 minutes, Friday ― their first conversation since Tokyo restricted exports of three key industrial materials to Seoul on July 4. This, hopefully, will be a meaningful first step to normalize dialogue channels between the two countries,..

4 out of 10 flight cancellations are bound for Japan A Korean consumer boycott of Japanese products, to protest Japan's export curbs to Korea, has expanded to the tourism sector, and a number of travelers are canceling their trips to the neighboring country. According to local website WeMakePrice (WMP), Thursday, the cancellation rate for flight tickets to Japan has risen five..

Lawmakers should pass bill aimed at eliminating corruption The government has proposed a bill aimed at preventing conflicts of interest involving civil servants and lawmakers. The bill comes six years after a similar bill was aborted in the process of deliberation at the National Assembly. The Anti-Corruption and Civil Rights Commission (ACRC) plans to present a bill to the As..

Yet publishers feeling pressure for Japan-bashing Japanese novels and musicians are two rare creatures remaining in calm waters amid the stormy Japan-bashing in Korea. Koreans are simmering and trying to boycott anything related to the neighboring country as Japan plays its trade card to put pressure on the Korean economy in return for the local court's rulings demanding Japan..

Major convenience stores and large discount stores are turning to "patriotic marketing" as the "Boycott Japan" movement intensifies, according to industry officials, Friday. Following the widespread boycott as a result of Japan's export curb on high-tech materials, convenience store GS25 said they will exclude Japanese beer from an "eight cans for 15,000 won ($12.6)" discount ..