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Reporter : Ahn Seong-jin
Sat, February 24, 2024 | 01:08
[Editorial] Impact of higher oil prices
Rising international crude prices are causing a spike in domestic oil prices, increasing inflationary pressure and dimming the business outlook for local enterprises. The higher oil costs are likely to dampen Korea’s economic recovery. The prices of U.S. West Texas Intermediate (WTI) and Brent crude stood at $109.30 and $116.00 a barrel Monday, respectively. This represents a...
[Editorial] Intensifying conflicts
A clash is intensifying between the incoming and outgoing administrations over President-elect Yoon Suk-yeol's plan to relocate the presidential office to the of Ministry of National Defense compound in Yongsan, central Seoul. In an apparent rejection of the plan, President Moon Jae-in said, "I will carry out my final mission as head of state, chief executive and commander of...
[Editorial] Reform of ruling party
The ruling Democratic Party of Korea (DPK) is still reeling from the aftermath of its defeat in the March 9 presidential election. It is now run by an interim leader after Chairman Song Young-gil resigned, taking responsibility for the election loss to Yoon Suk-yeol of the main opposition People Power Party (PPP). 여당인 더불어민주당이 3월 9일에 있은 대선 패배의 여파로 여전히 휘청거리고 있다. 윤석열 당시 국민의힘 후보에...
[Editorial] Hasty relocation decision
On Sunday, President-elect Yoon Suk-yeol announced a decision to relocate the presidential office from Cheong Wa Dae to the Ministry of National Defense building in Yongsan, central Seoul. The decision is part of his campaign pledge to move out of a symbol of the "imperial" presidency and better communicate with the people. 윤석열 대통령 당선인은 일요일 청와대에서 용산 국방부 청사로 청와대 이전을 결정했다. 이번 결...
[Editorial] Limiting presidential powers
President-elect Yoon Suk-yeol has reaffirmed his plan to eliminate the office of the senior presidential secretary for civil affairs. The office has been used to "control political opponents and conduct clandestine probes into civilians under the excuse of verifying personnel," Yoon said during a meeting with Ahn Cheol-soo, chairman of the presidential transition committee, M...
[Editorial] Disastrous forest fires
The nation is bracing for increasing damage from multiple wildfires in eastern coastal areas after the first fire broke out in Uljin, North Gyeongsang Province, Friday. Prompted by high winds and dry conditions, the fires burned 21,765 hectares of forest, equivalent to a third of Seoul City, in Uljin and other coastal regions as of 6 p.m. Monday, according to the Central Disa...
[Editorial] Time for national unity
Yoon Suk-yeol, the candidate of the main conservative opposition People Power Party (PPP), was elected as the country’s next president, Wednesday. He secured 48.56 percent of the vote, defeating Lee Jae-myung of the ruling Democratic Party of Korea (DPK) who garnered 47.83 percent. Yoon, a former prosecutor general and political novice, won the election by the narrowest margi...
[Editorial] Fielding single candidate
Two opposition presidential candidates have reached a last-minute agreement on fielding a single candidate, raising their chances of winning in the March 9 election. Under the accord announced Thursday, Ahn Cheol-soo of the minor People's Party dropped out of the race and declared his support for Yoon Suk-yeol of the main opposition People Power Party (PPP). 야권 대선 후보 2명이 막판 단...
[Editorial] Belated, lukewarm move
The United States and its Western allies are stepping up their sanctions on Russia over its comprehensive invasion of Ukraine. In his first State of the Union address Tuesday, U.S. President Joe Biden said he would ban Russian aircraft from U.S. airspace in retaliation for the aggression in Ukraine. “When dictators do not pay a price for their aggression, they cause more chao...
[Editorial] Reckless optimism
It is still premature to talk about a return to normal life as Korea is waging an uphill battle against the COVID-19 pandemic. The number of daily new infections stayed above 170,000 for the second straight day Thursday due to the fast spread of the highly contagious Omicron variant. The figure showed an explosive increase from 49,549 on Feb. 9 to 90,439 on Feb. 16, almost do...
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