China’s boom has World Bank worried

The World Bank has a timely warning for Chinese President Xi Jinping: Don’t let all that money go to your head. The global lender didn’t refer directly to Shanghai’s stock boom or the Asian Infrastructure Investment Bank (Beiji...

[Jean Pisani-Ferry] The end of work as we know it

In 1983, the American economist and Nobel laureate Wassily Leontief made what was then a startling prediction. Machines, he said, are likely to replace human labor much in the same way that the tractor replaced the horse. Today, w...

[Editorial] Gruesome reality

National police arrested this week a low-ranking government official on charges of taking kickbacks from car importers while issuing environmental certificates for foreign automobiles. Given the rampant corruption in the civil ser...

[Editorial] Unfinished probe

The Sung Woan-jong bribery scandal has exposed many dark sides of Korean society ― pervasive corrupt links between politics and business, elections being financed by illicit money, lack of strict ethics among politicians and seni...