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Opinion

Editorial

Mon, July 4, 2022 | 20:43

Do not abuse pardons

President Moon Jae-in is considering pardoning former President Lee Myung-bak, Samsung Electronics Vice Chairman Lee Jae-yong and former South Gyeongsang Province Governor Kim Kyung-soo, one of his close confidants, on the occasion of May 8 Buddha's Birthday, a day before his five-year term ends.

2022-05-02 16:57

Mend ties with Japan

South Koreans are paying keen attention to whether Seoul can improve soured relations with Tokyo after a new conservative president takes office May 10. Recent developments are raising cautious optimism about a diplomatic breakthrough between the two countries.

Park Yoon-bae2022-05-01 17:10

Urgent pension reform

Ahn Cheol-soo, the head of the presidential transition team, announced a plan recently to establish a public pension reform committee to discuss the pension system as a whole and push for its structural reform. The team will stop at reaffirming the Yoon Suk-yeol administration's intention to push for pension reform, while a proposed committee will make decisions on the detail...

2022-05-01 16:55

Dumfounding embezzlement

It is dumbfounding that an employee of Woori Bank, one of the country's major commercial banks, was arrested for embezzling more than 61.4 billion won ($47 million). The case is all the more shocking in that it took place at the headquarters of the nation's fourth-largest lender despite the need for it to manage money securely. According to the bank and the police Thursday, t...

Shim Jae-yun2022-04-29 16:43

Strengthen alliance

Incoming President Yoon Suk-yeol and U.S. President Joe Biden are scheduled to hold their first summit in Seoul on May 21 to discuss how to strengthen the alliance and deepen the partnership between the two countries. The summit will come only 11 days after Yoon is sworn in as president May 10. This will mark the earliest-ever meeting between the leaders of the allies followi...

Park Yoon-bae2022-04-28 17:06

Regulatory loophole

Kim Bom-suk, the Korean American who founded Coupang and chairs the e-commerce giant's board of directors, has avoided the Fair Trade Commission's designation of him as the conglomerate's head this year. Announcing the 2022 list of companies subject to detailed information disclosure Wednesday, the FTC said it would maintain Coupang's status as a conglomerate “without a head....

2022-04-28 16:55

Politicized airport project

The blueprint for an international airport to cover the country's southeastern region got the green light at a Cabinet meeting Tuesday. The Ministry of Land, Infrastructure and Transport said 13.7 trillion won ($11 billion) will be invested in the offshore airport, scheduled to open in 2035.

2022-04-27 17:00

Self-destructive behavior

North Korean leader Kim Jong-un has declared his resolve to ramp up his country's nuclear capabilities and use such weapons for other purposes beyond war deterrence. “Though the basic mission of the nuclear forces is to deter war, we must carry out the second mission if any forces attempt to infringe on the fundamental interests of the state,” Kim was quoted as saying by the ...

Shim Jae-yun2022-04-27 17:00

Fears of a weakening won

The Korean won is likely to become weaker against the U.S. dollar, raising concerns about its devastating effects on the financial markets and the economy. On Tuesday, the local currency hit a two-year low of 1,250.8 won per dollar, down 0.9 won from the previous day.

Park Yoon-bae2022-04-26 17:10

Support for chip-making industry

Since the U.S.-China trade conflict began to escalate, Korea has been suffering from the largest setback in the shipment of semiconductors among major exporters, according to a report released by the Federation of Korean Industries (FKI). More specifically, since the United States regulated the supply of semiconductors to China in 2018, the U.S. market shares of Taiwan and Ja...

2022-04-26 16:55

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