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Opinion

Editorial

Mon, July 4, 2022 | 22:14

Stop controlling police

The Ministry of the Interior and Safety is seeking to establish a new bureau to tighten its grip over the police, raising concerns about the political neutrality of the police force. Specifically, the ministry plans to upgrade its current bureau of public safety policy, which isn't classified as an official administrative unit, to an official unit so it can oversee various po...

2022-06-15 16:54

Take preemptive action

Local financial markets have tumbled over growing concerns about a global economic recession amid soaring inflation. The Korea Composite Stock Price Index (KOSPI) hit a 19-month low of 2,492.97 Tuesday, on its downward march for the sixth consecutive day. It plunged by 3.52 percent Monday, affected by a sharp fall in U.S. share prices Friday. The local currency also continued...

Park Yoon-bae2022-06-14 17:07

Speed up deregulation

The government has decided to ease or lift 30 regulations to remove stumbling blocks businesses face when investing in new industries, such as electric and hydrogen cars and information-communication technology (ICT) convergence. The decision, made at a recent meeting of the Regulatory Reform Committee, is designed to beef up new industries, including wind power, drone, biote...

2022-06-14 17:00

Growing threats from North

North Korean leader Kim Jong-un has vowed to adopt a “power-for-power” stance against external threats and to protect his country's sovereignty. Kim also proposed a “head-on” confrontation policy to enhance the North's right to self-defense.

Shim Jae-yun2022-06-13 17:00

Horrible hate crime

A fire caused by suspected arson broke out at a building housing law firms in Daegu last Thursday, killing seven people and injuring 48 others. The suspected perpetrator, a man in his 50s, was found dead at the scene along with a lawyer and five employees from the same law office on the building's second floor.

2022-06-13 16:55

Expanding diplomatic horizons

President Yoon Suk-yeol's plan to attend a NATO summit will mark a turning point in South Korea's multilateral diplomacy. The gathering, scheduled for June 29 and 30 in the Spanish capital of Madrid, will provide a rare opportunity for Yoon to expand the country's diplomatic horizons by stepping up security cooperation with the regional alliance.

Park Yoon-bae2022-06-12 17:05

Inauspicious economic signs

Korea's current account returned to a deficit in April for the first time in two years. According to the Bank of Korea (BOK) on Friday, the monthly shortfall came to $80 million (100.5 billion won) in the balance of the current account, a broad measure of the nation's global trade in goods and services as well as net earnings on cross-border investments.

2022-06-12 16:55

Shameful in-house discord

A dispute within the ruling People Power Party (PPP) is escalating, with PPP Chairman Lee Jun-seok and some stalwart party lawmakers exchanging salvoes. The in-house feud began when Lee attempted to set up a new apparatus to overhaul the current candidate nomination system ahead of the parliamentary elections in 2024. Lee returned home Thursday from his visit to war-torn Ukra...

Shim Jae-yun2022-06-10 17:00

More support for chipmaking

President Yoon Suk-yeol has instructed his Cabinet members to map out special measures to boost the semiconductor industry and nurture talented workers. “Semiconductors are a national security asset and a mainstay of our economy, accounting for 20 percent of the total exports,” Yoon said during a Cabinet meeting Tuesday.

Shim Jae-yun2022-06-09 17:00

Ease workers' tax burden

Consumer prices have risen by 2 percent a year on average over the past decade. The upward trend has become steeper since the latter half of 2021. The monthly inflation rate jumped 5.4 percent year-on-year last month, the highest in 13 years and nine months. The surge is making the pandemic-hit lives of people even more difficult.

2022-06-09 16:46

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