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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Opinion

Editorial

Wed, March 29, 2023 | 22:10

Shameful boycott

The main opposition Democratic Party of Korea's (DPK) boycott of President Yoon Suk-yeol's budget speech at the National Assembly on Tuesday cannot be justified under any circumstances. It was a shameful act that deserves criticism for the dereliction of duty as a responsible political party.

Park Yoon-bae2022-10-25 17:06

Local councilors' greed

Local councilors around the country are under criticism over their greedy moves for higher pay. Many are pushing for a significant hike in their own salaries, officially claimed as expenses for their activities, for the next four years ahead of the Oct. 31 deadline. Critics are right to say these councilors are lining their pockets while turning a blind eye to the people's li...

2022-10-25 16:53

Protect victims first

The Ministry of Justice has announced amendment bills to the Stalking Punishment Act and the Electronic Device Attachment Act, alarmed by the shocking murder of a subway worker by her former coworker at Sindang Station in Seoul. The amendments come in response to a public outcry over the government's failure to properly address stalking crimes and violence against women.

2022-10-24 17:08

Return to one-man rule

Chinese President Xi Jinping has emerged stronger as he grabbed a historic third term as general secretary of the Chinese Communist Party (CCP) on Sunday for another five-year stay in power. Xi was named again as the head the Central Military Commission in charge of the People's Liberation Army. Xi managed to consolidate his power by filling the seven-member Politburo Standin...

Shim Jae-yun2022-10-24 17:08

Deepening financial pinch

The domestic money market has suddenly been thrown into a panic, making it ever more difficult for businesses, particularly construction companies and brokerages, to raise funds. This has created a financial pinch, deepening fears about chain reaction of corporate bankruptcies and a subsequent financial crisis.

Park Yoon-bae2022-10-23 17:07

Material, parts and equipment

The Ministry of Trade, Industry and Energy has announced the Yoon Suk-yeol administration's material, parts, and equipment industrial policy direction. The five-year plan calls for, among others, expanding the number of core strategic technologies in relevant industries from 100 to 150. The ministry changed its previous focus to reorganize the supply chain and respond to the ...

2022-10-23 16:43

Let probes go on

Political tensions are escalating as prosecutors gear up to investigate a “slush fund” allegedly spent on main opposition Democratic Party of Korea (DPK) Chairman Lee Jae-myung's presidential campaign. Prosecutors raided the DPK's headquarters Thursday to seize evidence of the illicit money, but to no avail due to fierce resistance from party members. The DPK threatened to qu...

Shim Jae-yun2022-10-21 17:21

Specter of Asian crisis

The Japanese yen and the Chinese yuan have remained weak against the U.S. dollar, deepening concerns about capital outflows from Asia and raising the specter of a region-wide financial crisis. The falling value of the currencies of the two economic giants has also put downward pressure on other Asian currencies, including the Korean won, amid the dollar’s strength.

Park Yoon-bae2022-10-20 17:13

Contradictions at shipyards

The government unveiled measures Wednesday to narrow the gap among shipbuilding workers and improve the dual structure of main contractors and subcontractors. The dual labor structure refers to the gap in wages and working conditions between workers at main contractors and subcontractors. It has been a chronic problem in the industry over the past three decades. In short, wor...

2022-10-20 17:12

Revealing the truth

Prosecutors sought arrest warrants Tuesday for former Defense Minister Suh Wook and former Coast Guard Commissioner General Kim Hong-hee over the previous administration's alleged mishandling of the killing of a South Korean fisheries official by North Korean soldiers in September 2020. Suh and Kim face diverse charges, such as abuse of power, dereliction of duty and fabricat...

Shim Jae-yun2022-10-19 17:00

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Top 10 Stories

1	Revised Japanese textbooks distort wartime forced labor, catching Korea off guard

2	Clock ticks for China's massive repatriation of N. Korean defectors

3	Gold price nears all-time high amid financial jitters

4	BMW launches new XM

5	Ramsar wetland in Han River cleaned up for protected birdlife

6	North Korea unveils tactical nuclear warheads

7	Civic groups in Gwangju await meeting with Chun Doo-hwan's grandson

8	CJ CheilJedang sees chicken as next big seller after frozen dumpling

9	2024 budget to focus on tackling low birthrate

10	Over 1,000 financially vulnerable Koreans apply for new emergency gov't loans

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