On the eve of the G20 summit in Seoul, Simon Johnson, professor at the Sloan School of Management, Massachusetts Institute of Technology and the former chief for the International Monetary Fund, explains the issue.
Computer networks at two major South Korean banks and 3 broadcasters crashed Wednesday, prompting speculation of a cyberattack by North Korea. But South Korean authorities say there's no conclusive evidence yet to determine who is responsible.
South Koreans are spending money with reckless abandon, taking out loans and maxing out credit cards to pay their bills. They're doing it, usually, in hopes of improving their socioeconomic status, but economists say they may be banking on an unsteady foundation.
SungWoo Lee is a baseball superfan from Seoul, South Korea. He travelled to Kansas City this year to see his favorite team, the Royals, play and he may have brought a little magic with him. So now he's on his way back for the World Series.