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Opinion

Editorial

Mon, July 4, 2022 | 21:18

Wrong candidacy

Lee Jae-myung, former presidential candidate of the ruling Democratic Party of Korea (DPK), has touched off controversy with his bid to run in the June 1 parliamentary by-election. Saturday, he declared his candidacy for a National Assembly seat representing Gyeyang-B district in Incheon, west of Seoul. His move came a day after the DPK selected him as the candidate.

Park Yoon-bae2022-05-08 16:32

Era of chip alliance

The U.S. and Japan have agreed to jointly develop 2-nanometer semiconductors. The 2-nm chips are so advanced that even the world's memory chip frontrunners, such as Samsung Electronics and TSMC, do not have the technology to mass produce them. Japanese media outlets reported that “the U.S.-Japanese alliance aims to develop cutting-edge semiconductors ahead of their Korean and...

Park Yoon-bae | 2022-05-08 16:30

Stop dirty political games

The incoming Yoon Suk-yeol administration finds it difficult to form a Cabinet ahead of the May 10 inauguration of the country's new president. It is all the more so as the soon-to-be opposition Democratic Party of Korea (DPK) is playing politics with the confirmation hearings of Prime Minister-nominee Han Duck-soo and other ministerial appointees.

Park Yoon-bae2022-05-06 17:06

Looming perfect storm

The nation is faced with multiple risk factors arising from growing inflationary pressure, rate hikes and the depreciation of the Korean won against the U.S. dollar. Consumer prices soared 4.8 percent in April from a year earlier, marking the highest growth since October 2008 amid a global financial crisis. As the government expects the inflationary pressure will increase for...

Shim Jae-yun2022-05-05 17:15

Full-scale rebuilding

HDC Hyundai Development has decided to demolish all eight apartment buildings at a complex under construction in Gwangju and rebuild them. The builder decided so, judging that it could hardly dissipate would-be residents' safety concerns if it rebuilds only one partially collapsed building. We hope the decision will ultimately serve as an occasion for the company facing a cri...

Shim Jae-yun2022-05-05 17:08

Major national tasks

The presidential transition committee on Tuesday announced 110 national tasks to be pursued by the incoming Yoon Suk-yeol incoming administration. The initiatives are designed to promote four values - national interests, pragmatism, fairness and common sense - with the motto of ensuring “another leap for the Republic of Korea: a nation of people living well together.”

Shim Jae-yun2022-05-04 17:00

Long overdue probe

Police raided Seongnam City Hall on Monday over allegations that Lee Jae-myung, former presidential candidate of the ruling Democratic Party of Korea, received donations from companies via the city's football club, Seongnam FC, while serving as the city's mayor. Bundang Police Station sent investigators to search five divisions of the municipal government.

Park Yoon-bae2022-05-04 16:47

Tyranny of majority

The outgoing Moon Jae-in administration and the ruling Democratic Party of Korea (DPK) have completed a legislation process to deprive the prosecution of its investigative powers, despite strong opposition from the main opposition People Power Party (PPP) as well as prosecutors, lawyers and professors. The ruling camp cannot deflect criticism for railroading related bills thr...

Park Yoon-bae2022-05-03 17:04

Putting off retirement age

The idea of extending the retirement age has come under the spotlight again. On Monday, the presidential transition committee raised the need to put off retirement to cope with demographic changes resulting from rapid population aging and an extremely low birthrate.

2022-05-03 17:00

Slimmer presidential office

President-elect Yoon Suk-yeol unveiled the list of his senior aides Sunday, as part of his campaign pledge for a slimmer presidential office comprised of the offices of two chiefs of staff and five senior secretaries. This contrasts with the incumbent Moon Jae-in administration's “three offices and eight senior secretaries.” Most notable is the appointment of Kim Sung-han, a ...

Shim Jae-yun2022-05-02 17:00

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