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Opinion

Editorial

Mon, July 4, 2022 | 20:52

Currency swap deal

South Korea and the United States are seeking to discuss measures to stabilize the Korean won against the U.S. dollar during the upcoming summit between President Yoon Suk-yeol and U.S. President Joe Biden on Saturday. “We are discussing ways of strengthening cooperation to help stabilize the international finance and foreign exchange markets,” according to Kim Tae-hyo, first...

Shim Jae-yun2022-05-20 17:00

New era of alliance

President Yoon Suk-yeol will hold his first summit with U.S. President Joe Biden in Seoul on Saturday, raising hopes of a new era of alliance between the two countries. The two leaders are committed to developing the bilateral security alliance into a comprehensive strategic alliance for economy and technology.

Park Yoon-bae2022-05-19 17:10

Eradicating financial crimes

The prosecution has reinstated the Financial and Securities Crime Joint Investigation Team to crack down on increasingly intelligent stock market crimes. Justice Minister Han Dong-hoon ordered its reinstallation as soon as he took office Tuesday, and the team began business the following day. The joint investigation team was once called the “Grim Reaper of Yeouido” among stoc...

2022-05-19 16:55

Disregard for neutrality

The National Assembly speaker is supposed to remain nonpartisan in order to narrow differences between the ruling and opposition parties and move toward bipartisanship. That's why the speaker needs to operate the legislature in a fair and neutral manner.

Shim Jae-yun2022-05-18 17:00

Checking police power

The Ministry of the Interior and Safety has begun discussing ways to rein in the police force, which will be mightier following the recent passage of two bills intended to strip the prosecution of its investigative powers.

2022-05-18 16:55

Honor May 18 spirit

Wednesday will mark the 42nd anniversary of the May 18, 1980, pro-democracy movement in Gwangju. This year's commemoration carries significance as President Yoon Suk-yeol asked all his senior aides and lawmakers of the ruling People Power Party (PPP) to attend a state memorial ceremony to be held at the May 18th National Cemetery in the southwestern city.

Park Yoon-bae2022-05-17 17:09

Growing food protectionism

Food protectionism is spreading across the world. Following the ban on palm oil exports by the world's largest supplier, Indonesia, the second-largest wheat producer, India, recently suspended the foreign shipment of its crops. The two countries have taken urgent steps to meet their domestic demand first, as the surge in international grain prices is pushing up their domestic...

2022-05-17 17:00

Joining US-led initiative

President Yoon Suk-yeol said Monday he will discuss the issue of the U.S.-led Indo-Pacific Economic Framework (IPEF) initiative during his planned summit with U.S. President Joe Biden on May 21. “We will focus on ways to strengthen global supply channels through the IPEF,” Yoon said in his first budget speech at the National Assembly.

Shim Jae-yun2022-05-16 17:00

Cryptocurrency crash

The crash of TerraUSD (UST) cryptocurrency and its sister token Luna last week is sending shockwaves through the global crypto market. UST, a stablecoin designed to maintain its value at $1, plunged to as low as 23 cents Wednesday. Luna, which is traded in exchange for TerraUSD to maintain its peg to $1, lost almost all of its value, wiping out billions of dollars of wealth o...

2022-05-16 16:55

Accept COVID-19 aid offer

North Korea appears to be facing a more serious COVID-19 situation than previously thought. On Sunday, it reported 15 additional deaths from the coronavirus and 296,180 more people with fever symptoms detected between Friday evening and 6 p.m. Saturday. The tally came three days after the North announced its first official COVID-19 cases since the pandemic began over two year...

Park Yoon-bae2022-05-15 17:10

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