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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Opinion

Editorial

Sun, January 29, 2023 | 11:48

Opposition going too far

The main opposition Democratic Party of Korea (DPK) seems to have gone too far in attempting to block the prosecution from investigating allegations that its new Chairman Lee Jae-myung spread false information during the presidential campaign. On Monday, the DPK filed a complaint with the Seoul Central District Prosecutors' Office against President Yoon Suk-yeol for allegedly...

Park Yoon-bae2022-09-06 17:04

Deregulating eco-friendly cars

The government has decided to reform regulations on eco-friendly vehicles, such as electric and hydrogen fuel cell cars. The decision came at the second task force meeting for regulatory reform chaired by Minister of Economy and Finance Choo Kyung-ho on Monday.

2022-09-06 16:52

Curb prices before Chuseok

Inflationary pressure abated to a certain degree in August for the first time in seven months. According to data from the Statistics Korea on Friday, consumer prices rose by 5.7 percent year-on-year last month, after reaching a 24-year high of 6.3 percent in July. This is raising expectations that inflation already reached its peak.

Shim Jae-yun2022-09-05 16:11

The Seoul Metropolitan Government has announced plans to raise taxi fares to help alleviate the chronic taxi shortage at night. The basic taxi fare is expected to rise from the current 3,800 won ($2.80) for the first 2 kilometers to 4,800 won for 1.6 kilometers. The taxi meter will also rise faster, with the fare increasing by 100 won for either 131 meters or 30 seconds, comp...

2022-09-05 16:10

Comply with summons

Rep.Lee Jae-myung, new leader of the main opposition Democratic Party of Korea (DPK), should comply with a summons issued by the prosecution as part of efforts to shed light on allegations that he lied during the presidential campaign. He has no reason to refuse to cooperate in confirming whether the allegations are true or not. If he snubs the summons without sufficient reas...

Park Yoon-bae2022-09-04 16:06

Vicious online sex crimes

The police have launched an investigation into an online sexual crime in which the perpetrators produced and distributed materials sexually exploiting minors on messenger app Telegram. Besides the prime suspect, identified as “L,” at least eight individuals joined the crime as accomplices, and more than 350 sexual exploitation videos and photos have been confirmed.

2022-09-04 16:05

BTS military duty in dispute

The Ministry of National Defense has taken flak for having rekindled a dispute over the possible military service exemption for K-pop superstar group BTS. On Wednesday, Minister Lee Jong-sup told lawmakers he has ordered officials to carry out a public survey to help determine whether to apply such special treatment to the boy band.

Shim Jae-yun2022-09-02 17:09

Soaring trade deficit

South Korea has posted a snowballing trade deficit, dealing a severe blow to the export-oriented economy. The shortfall reached $9.47 billion last month, the largest amount since the country began compiling trade data in 1956, according to the Ministry of Trade, Industry and Energy on Thursday.

Park Yoon-bae2022-09-01 16:48

Pitiable investment loss

The National Pension Service said it posted an 8 percent investment loss for the first half of this year. The six-month loss totaled 76.7 trillion won ($57 billion), a sum sufficient to give pensions to all the recipients for about two and a half years. The state pension fund attributed its poor investment returns to plunging stock markets at home and abroad due to global mon...

2022-09-01 16:45

Verdict on Lone Star case

An international tribune has ordered South Korea to pay $216.5 million to the Texas-based private equity firm Lone Star Funds, virtually putting an end to the decade-long legal battle. The International Centre for Settlement of Investment Disputes (ICSID) announced its decision in an investment-state dispute, according to the Justice Ministry on Tuesday. However, the ministry...

Shim Jae-yun2022-08-31 17:29

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