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Sun, January 29, 2023 | 17:21
Escalating chip war
The global semiconductor war is intensifying. Above all, China's “rise” in the chip-making industry is alarmingly fast. According to a report published by the U.S. Semiconductor Industry Association (SIA), China increased its share of the global semiconductor market to 7 percent in 2021, up from 5 percent in 2018-20. That was the result of Beijing's extensive support for Chin...
2022-11-24 16:17
Stop siding with North Korea
The United Nations Security Council (UNSC) has failed to take action against North Korea's recent missile provocations due to opposition from China and Russia. The North has fired 63 ballistic missiles this year alone, including eight intercontinental ballistic missiles (ICBMs), all in violation of UNSC resolutions. Despite 10 UNSC sessions convened so far this year to discus...
2022-11-23 17:00
Strikes amid economic gloom
The Korean Confederation of Trade Unions (KCTU) is threatening to hold a series of large strikes, vowing to expand labor rights. At a press conference held in front of the National Assembly on Tuesday, the KCTU, one of the country's two umbrella labor organizations, called for the enactment of an additional law to prevent fatal accidents at construction sites and extending th...
2022-11-23 16:45
Life getting harder
Households at the bottom 20 percent of the income bracket saw their average real income fall 6.5 percent in the third quarter of this year from a year earlier, according to Statistics Korea on Monday. Meanwhile, the richest 20 percent's inflation-adjusted average income declined only 2 percent. This indicates that the poor have been far more severely affected by deteriorating...
2022-11-22 17:15
Prioritize deregulation for startups
About 25 percent of Korean startups are considering relocating overseas due to excessive regulations, according to a recent survey by the Korea International Trade Association. Nothing more aptly shows the problem of bureaucratic red tape here than this opinion poll. If firms that have just started business face this problem, more companies that have grown and reached maturit...
2022-11-22 16:45
Climate crisis fund
On Sunday, the world agreed to establish a fund to compensate poor and vulnerable countries for the “loss and damage” they have suffered due to climate change. The fund calls for wealthy and industrialized nations, which are more responsible for causing the climate crisis, to contribute money to help developing countries to cope with it. This decision is a step forward by the...
2022-11-21 17:05
Arrest of 'right-hand man'
Jeong Jin-sang, vice chief of staff to Lee Jae-myung, chairman of the main opposition Democratic Party of Korea (DPK), was arrested early Saturday morning over bribery and other charges connected to a high-profile real estate development project. Jeong, widely known as Lee's “right-hand man,” is suspected of receiving nearly 140 million won ($105,000) between 2013 and 2020 fr...
2022-11-21 16:45
Mounting nuclear threats
North Korea's launch of an intercontinental ballistic missile (ICBM) last week has raised tensions further on the Korean Peninsula and in East Asia. The North test-fired a Hwasong-17 ICBM at Pyongyang International Airport on Friday, according to its state-run Korean Central News Agency (KCNA).
2022-11-20 17:05
Extending 52-hour workweek
A blue-ribbon panel to reform the labor market has unveiled a plan to change the working hour system. Last Thursday, the presidential Future Labor Market Research Committee presented a direction to revise the current 52-hour workweek. The plan calls for, among others, modifying the extended working hour management period from the current weekly to monthly or longer units.
2022-11-20 16:46
Budget plan under attack
Rival political parties are bickering over next year's budget worth 639 trillion won ($476 billion). The budget settlement committee of the National Assembly started deliberating on the 2023 fiscal expenditure plan Thursday, but faces a bumpy road due to a bitter disagreement between the ruling People Power Party (PPP) and the main opposition Democratic Party of Korea (DPK).
2022-11-18 17:00
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1Cambodian ministers highlight potential for growth, cooperationCambodian ministers highlight potential for growth, cooperation
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4Korea to lift indoor mask mandate Monday Korea to lift indoor mask mandate Monday
5Suicidal pedestrian saved over Han River bridge Suicidal pedestrian saved over Han River bridge
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7Seoul International School celebrates 50th anniversary Seoul International School celebrates 50th anniversary
8Youth, foreign drug offenders increase threefold in 5 years Youth, foreign drug offenders increase threefold in 5 years
9Japan considers upholding past apologies to mend ties with Korea Japan considers upholding past apologies to mend ties with Korea
10Slowed Fed rate hike, China's reopening to boost KOSPI Slowed Fed rate hike, China's reopening to boost KOSPI
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