The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
  • Hangzhou Asian Games
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
  • Hangzhou Asian Games
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
  • Login
  • Register
  • Login
  • Register
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
  • 1

    Actor Song Joong-ki still hungry for new movie roles

  • 3

    Korea has world's highest senior poverty rate: data

  • 5

    Chuseok exodus begins ahead of extended 6-day holiday

  • 7

    Hyundai Steel decides to form steel pipe unit

  • 9

    S. Korea-US alliance will end NK regime in event of nuclear weapons use, Yoon says

  • 11

    INTERVIEWWellington mayor's love for Korean culture spurs collaboration

  • 13

    Rwandan artists bring diversity to Seoul's art scene

  • 15

    For closer business ties between Korea, Vietnam

  • 17

    Court rejects arrest warrant for opposition leader Lee over corruption charges

  • 19

    BOK warns of worsening household debt situation

  • 2

    S. Korea flexes military might in rare parade with US in central Seoul

  • 4

    Gov't to boost Korean language education for multiethnic students

  • 6

    Seoul Welcome Week to return for first time since pandemic

  • 8

    Guide to Chuseok celebrations across Korea

  • 10

    Korean tennis player Kwon Soon-woo embroiled in controversy after 2nd-round upset

  • 12

    Late Samsung chairman's love of animals helps change Korea's pet culture

  • 14

    INTERVIEWONEUS returns as 'mermaid prince'

  • 16

    Anti-leaflet law ruled unconstitutional

  • 18

    Over 100 money changers face suspensions, fines, criminal charges

  • 20

    Opposition leader Lee attends arrest warrant hearing at Seoul court

Close scrollclosebutton

Close for 24 hours

Open
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to the Editor
Thu, September 28, 2023 | 15:49
Thoughts of the Times
Irony of economic development
Posted : 2023-02-22 16:50
Updated : 2023-02-22 16:50
Print PreviewPrint Preview
Font Size UpFont Size Up
Font Size DownFont Size Down
  • facebook
  • twitter
  • kakaolink
  • whatsapp
  • reddit
  • mailto
  • link
By Lee Nan-hee

Usually people are not having many chances to have decent jobs as they get older. However, in some sense, this is not only a problem for seniors but also for younger people, as employment has been unstable and industry growth has stagnated in the 21st century. In this time of computer science and cutting-edge AI information technology, chances of employment and job opportunities have not been massive, as they do not require physical labor power of human beings.

Machines and computers have replaced human labor in so many areas and a large part of the whole population has been dumped into so-called industrial reserve forces. Robots are taking the places of humans in huge factories as well as small local restaurants. It is obvious that the economy has grown and developed tremendously compared to a few decades ago, but that doesn't necessarily mean that people live much happier lives today. The economy is the basic means for human lives but it never guarantees happiness or well-being.

The world and societies have changed so rapidly that I have had a hard times adapting to social changes. Lately I had to learn how to use metaverse. As I get older and older, I find it more and more difficult to adapt to new circumstances. But life expectancy has risen a lot due to the development of medical techniques. People normally say that we need to prepare to live 100 years. That is to say, when people usually retire from their jobs at the age of around 60 or 65, they have to live almost 35 or 40 years more without high-paying proper jobs. This can mean terrible or tedious, boring consumption of time for those who are not prepared for spending their time usefully and happily. What about me? I still cannot believe that I have to think about my old age and be concerned about my financial condition.

When I take a look back at my past life, the first time when I took the economy seriously was my university days, maybe junior year. It was at that time that I dared to buy the famous "Das Kapital" written by Karl Marx. It was the time of students' movement for democratization against military dictatorship, thus socialist books or critical and dissident lectures were quite widespread among university students. I don't deny that I was deeply affected by that kind of social atmosphere. Through such readings and activities, I was able to develop critical perspectives on social issues including economic class stratification, gender inequality and the division of the Korean Peninsula. Such issues looked so urgent and significant that I was quite absorbed in reading and learning about those issues. I am not sure whether I understood those books completely.

Many times I would feel that I was not fit for the economy or finance, as I was not used to striving to make much money or calculating my own profit. In this regard, I might have been a person who was not standing firmly on the ground, down to earth. I have also taken interest in metaphysical subjects. That must be the reason why I majored in literature and theology. They seem to have nothing to do with making money.

But now at the age of 55, what I am realizing is that I cannot live without economy or finance. I am still learning about many things including the economy from a Christian perspective. I hope that I can live a much happier life in my old days starting today.


Dr. Lee Nan-hee studied English in college and theology at Hanshin University.





 
miguel
wooribank
LG
Top 10 Stories
1Chuseok exodus begins ahead of extended 6-day holiday Chuseok exodus begins ahead of extended 6-day holiday
2Guide to Chuseok celebrations across KoreaGuide to Chuseok celebrations across Korea
3Korea sees record-low births in July Korea sees record-low births in July
4Political battle intensifies after court rejects Lee's arrest warrant Political battle intensifies after court rejects Lee's arrest warrant
5Hyundai E&C to build upmarket apartment complex in Seoul's Gwanak District Hyundai E&C to build upmarket apartment complex in Seoul's Gwanak District
6DMZ Open Int'l Music Festival to be held in Goyang in November DMZ Open Int'l Music Festival to be held in Goyang in November
7Lotte focuses on health care, mobility to spur growth Lotte focuses on health care, mobility to spur growth
8Two Koreas trade barbs over nuclear war Two Koreas trade barbs over nuclear war
9Defense ministry launches project to find families of unidentified fallen Korean War soldiers Defense ministry launches project to find families of unidentified fallen Korean War soldiers
10Korea on track to prove esports prowess at Asian Games Korea on track to prove esports prowess at Asian Games
Top 5 Entertainment News
1[INTERVIEW] With '30 Days,' Kang Ha-neul finds new level of comfort in acting INTERVIEWWith '30 Days,' Kang Ha-neul finds new level of comfort in acting
2Rwandan artists bring diversity to Seoul's art scene Rwandan artists bring diversity to Seoul's art scene
3[INTERVIEW] ONEUS returns as 'mermaid prince' INTERVIEWONEUS returns as 'mermaid prince'
4Kep1er unveils 'Magic Hour' with fresh perspective on love Kep1er unveils 'Magic Hour' with fresh perspective on love
5K-pop group Kingdom recalls album cover resembling Quran K-pop group Kingdom recalls album cover resembling Quran
DARKROOM
  • Turkey-Syria earthquake

    Turkey-Syria earthquake

  • Nepal plane crash

    Nepal plane crash

  • Brazil capital uprising

    Brazil capital uprising

  • Happy New Year 2023

    Happy New Year 2023

  • World Cup 2022 Final - Argentina vs France

    World Cup 2022 Final - Argentina vs France

CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Contact Us
  • Products & Services
  • Subscribe
  • E-paper
  • RSS Service
  • Content Sales
  • Site Map
  • Policy
  • Code of Ethics
  • Ombudsman
  • Privacy Statement
  • Terms of Service
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group