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Column Blockchain-Based Mobile ID Shines in Crisis as a Digital Trust Infrastructure
In September, a fire broke out during the relocation of lithium-ion batteries for the uninterruptible power supply (UPS) at the National Computing and Information Service in Daejeon, temporarily restricting access to many digital administrative information services. This incident has prompted a comprehensive review of the operational environment of digital government systems in the event of disasters. Even during this recent national computing network outage, the blockchain-based mobile identification service for the public continued to operate stably without interruption, demonstrating the excellence of the technology. The blockchain-based national mobile ID is a government identity management system that the government has spent years developing. After announcing plans to introduce mobile IDs in the 2019 Digital Government Innovation Initiative, South Korea established the world’s first blockchain-based mobile ID issuance system in 2021. With the introduction of the mobile resident r
2025.11.13 13:51
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Policy Pulse The One-Month Nobel Prize Aftermath... Accumulation and Innovation in Society and Universities
At the end of each year, when the Nobel Prize winners are announced, our society and universities are gripped by a sense of regret and self-reproach. This sentiment typically lasts for about a month before it fades from memory as the year draws to a close. The reason our society and universities yearn for the Nobel Prize is not only because it represents social recognition of intellectual assets and serves as an indicator of a long-term research ecosystem, but also because it carries a weight that goes beyond words in terms of national image and research self-esteem. At the same time, as a form of intellectual diplomatic capital, the Nobel Prize recipients greatly enhance the nation’s prestige, which is why the government continues to aspire to this achievement. There are two essential conditions for fulfilling this aspiration: accumulation and innovation. Korean society is particularly characterized by a strong reset culture. When the president changes, national policies change; when
2025.11.13 13:23
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Reporter’s Notebook Peter Thiel’s Email That Predicted the U.S. ‘Socialism’ Wave Five Years Ago
An email written in 2020 by Peter Thiel, co-founder of PayPal and Palantir, has become a hot topic. Thiel predicted that the younger generation would turn away from capitalism, and this prediction has become reality with the election of Zohran Mamdani, a 34-year-old political newcomer and democratic socialist, as mayor of New York. Thiel’s insights are drawing renewed attention in light of this change that has occurred in New York, the heart of capitalism. At the time, Thiel sent an email to Facebook (now Meta) executives, including Mark Zuckerberg, stating, "When 70% of Millennials say they support socialism, we should not simply dismiss them as foolish, entitled, or brainwashed. We must try to understand why." He pointed out that the social contract between generations had been broken, citing excessive student loan debt and housing costs as reasons why young people have turned away from capitalism. As Thiel’s five-year-old email resurfaced following Mamdani’s election, Thiel gave an
2025.11.13 12:00
Jihye Choi's Trend 2025
Order Your Mood... The Era of "Mood Curation"
"What would you like to have today?" "Hmm... One serving of disappointment, please."In May 2025, Japanese beverage company Suntory opened a unique pop-up bar called "Glass and Words" in Shibuya, Tokyo. Here, instead of ordering a cocktail by name, customers order by mood. Empty glasses are lined up on the shelves, and coasters are inscribed with words expressing emotions such as excitement, longing, and irritation. When a customer selects their current mood, the bartender creates a cocktail tailored to that feeling. After selling out every seat since its first event in 2024 and generating significant buzz, the bar expanded its reservation booths and diversified its menu even further in 2025. The "mood curation" market has been growing rapidly in recent times. Mood curation refers to a method of recommending products or services as if "prescribing" them, based on the user's current emotional state. Whereas traditional curation relied on objective data such as preferences, purchase histo
2025.11.13 11:19
First Fleet-Level Exercise for Maneuver Fleet... No Time to Stall Naval Buildup
On the morning of November 10, after a 30-minute flight aboard a Navy UH-60 Black Hawk helicopter, we arrived 70 kilometers east of Pohang, North Gyeongsang Province. Despite waves of 1.5 to 2.0 meters, the Navy's first fleet-level maneuver exercise was underway. Observing the fleet maneuver exercise firsthand from the vertical launch system (VLS) deck at the stern of the Ryu Seongryong-class destroyer was a spectacular sight. Leading the formation was the Ryu Seongryong-class destroyer, flanked by the Jeongjo Daewang-class and Yulgok Yi I-class destroyers on either side, with two additional destroyers, and the Cheonji and Daebong-class logistics support ships positioned in the center. The fleet demonstrated advanced maneuvering, narrowing the distance between vessels to just about 270 meters. The Aegis destroyers participating in this exercise included the Jeongjo Daewang-class (DDG-II, 8,200-ton class), and the Yulgok Yi I-class and Ryu Seongryong-class (DDG-I, 7,600-ton class), tota
2025.11.13 10:59
Inside Chodong
A Desirable Reduction in Separate Taxation Rates for Dividend Income
President Lee Jaemyung's policy shift from real estate to stocks faced stronger opposition within the government and ruling party than from the opposition party, especially regarding tax issues. Both the major shareholder requirements and the separate taxation of dividend income, which had a significant impact on the stock market this year, were met with resistance. The government cited concerns over 'decreased tax revenue,' while some ruling party lawmakers argued that it amounted to a 'tax cut for the wealthy.' Initially, the government proposed lowering the threshold for major shareholder status, which determines the imposition of capital gains tax on stocks, from 5 billion won to 1 billion won. Some ruling party lawmakers supported the government's proposal, arguing it would eliminate tax breaks for the wealthy. However, the plan was ultimately scrapped after a sharp stock market decline triggered by disappointed investors. The government's proposal for the separate taxation of div
2025.11.13 08:00
AI Bubble Fears: Different from the 'Dot-Com Bubble'
The stock price of Palantir, a leading U.S. artificial intelligence (AI) company, plunged nearly 8% on the 4th and fell another 6.8% on the 6th, fueling what is being called the "AI bubble scare." This anxiety spread to the KOSPI index, which dropped 2.9% on the 5th and 1.8% on the 7th.Since the launch of ChatGPT on November 30, 2022, until the end of August this year, Goldman Sachs' "GS AI Leaders Basket"?comprising nine stocks representing the AI industry such as Nvidia, Palantir, and TSMC?soared 756% during the same period, five times the 148.8% rise of the Nasdaq index. Given this, concerns about a bubble in AI stocks are only natural. But are the share prices of AI companies truly at risk of a severe collapse due to excessive overvaluation? Or, how should investors reasonably interpret the recurring fears of an AI bubble? The fundamental cause of the debate over an AI stock bubble lies in the significant gap between how investors in related companies and the public market assess l
2025.11.13 06:51
THE VIEW
The Era of "Earnings Surprises" Driven by AI
The third-quarter earnings announcements of American companies are coming to a close. Contrary to the market’s apprehensive outlook, the actual results have far exceeded expectations. Despite concerns over economic slowdown, many companies have returned to profit growth, demonstrating that the fundamentals of the U.S. economy remain robust. The primary driving force behind this growth is undoubtedly artificial intelligence (AI). What is particularly encouraging is that the momentum of AI-driven growth is spreading beyond a handful of tech stocks to the broader market. The most notable aspect of this earnings season is the proportion of companies that exceeded analysts’ forecasts. According to Barclays Research, the “earnings surprise” ratio this quarter reached its highest level in the past 16 years. Even amid high inflation and interest rates, companies have managed costs efficiently and protected their profitability. This indicates that the market’s resilience is much stronger than a
2025.11.12 14:10
A Nation Where Even Redevelopment Becomes Political Strife
"If the Seoul Metropolitan Government and the central government keep fighting, it's obvious that the redevelopment project will be delayed again. What are ordinary people like us supposed to do?" At the press conference for Sewoon District 4 held in front of Jongmyo in Seoul on the 11th, a resident expressed their frustration in this way. The redevelopment of Sewoon District 4, which residents have waited over 20 years for, is now at risk of being derailed due to conflict between the city and the central government. "There have already been 100 people who passed away just waiting for redevelopment. We can no longer wait while suffering financial losses." The redevelopment of Sewoon Shopping Center is an unavoidable reality. Concrete is falling from the ceiling of the shopping center, which was completed in 1968. Residents who have spent decades alongside the shopping center are now fighting a wait with no end in sight. After then-Seoul Mayor Lee Myungbak launched the redevelopment of
2025.11.12 11:06
Reporter’s Notebook
Making Sure the Call for an 'AI Powerhouse' Is Not in Vain
"I work at a government-funded research institute, but it is extremely difficult to obtain government data. The best I can do is ask someone I know inside the government to get it for me," the researcher lamented. This was the complaint of a researcher in the field of social policy whom I met last spring. Despite working at an institution that advises the government, the researcher wore a bitter expression, saying that obtaining government data was just as difficult as when working in the private sector (at a university). Listening to this, I realized that if the quality of policy research depends on personal connections, there is a clear need for improvement. Still, I brushed it off, thinking that, given the nature of government data, some restrictions were inevitable. It took only a few months for me to realize how complacent that thought was. When I recently visited another government-funded research institute, I heard the same complaint. The researcher there, who is developing an a
2025.11.12 10:33
In the News
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- Russian Communist Party Awards Lenin Prize to Kim Jong Un... "Continued Strengthening of Bilateral Friendship"