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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Opinion

Editorial

Thu, June 1, 2023 | 11:06

Stop escalating tensions

North Korea test-fired an intercontinental ballistic missile (ICBM) toward the East Sea on Thursday, further raising tensions on the Korean Peninsula. It also launched two short-range ballistic missiles. The test-firing posed a great threat to South Korea and its neighboring countries in East Asia although the ICBM seems to have failed in flight. It was also a grave threat to...

Park Yoon-bae2022-11-03 17:13

Shocking export drop

Amid the continuing trade deficit, even exports have declined. According to the Ministry of Trade, Industry and Energy, Korea's foreign shipments in October fell 5.7 percent year-on-year to $52.48 billion. It was the first time in two years that monthly exports have decreased. In contrast, imports jumped 9.9 percent, resulting in a trade deficit for seven consecutive months f...

2022-11-03 16:23

Hope for reactor exports

Seoul and Warsaw signed a letter of intent (LOI) Monday for the construction of Poland's second nuclear power station. State-run Korea Hydro Nuclear Power (KHNP) signed the LOI with ZE PAK, Poland's largest solar power plant and Polska Grupa Energetyczna (PGA), a state-owned power utility. They will assess the feasibility of building the nuclear plant in Patnow, central Polan...

Shim Jae-yun2022-11-02 17:01

Ticking debt bomb

The Korean economy is sliding into a debt trap amid soaring interest rates as all economic players - households, enterprises and government - are increasingly weighed down by debt.

2022-11-02 16:22

No more hateful comments

Some online commenters have invited public rage by posting hateful messages and spreading disinformation about the Halloween crowd disaster in Itaewon which killed at least 156 people, including 26 foreign nationals. They cannot avoid criticism for dishonoring the victims and aggravating the pain and sorrow of the bereaved families.

Park Yoon-bae2022-11-01 17:06

Concerns grow over 'twindemic'

Korea reported 58,379 new COVID-19 cases on Tuesday, marking a rebound to the 50,000 level for the first time in 46 days. The surge is causing concerns over a resurgence of infections during the winter. “If the daily average of new COVID-19 cases rises abruptly after lingering at around 20,000 for weeks, it means another new wave is coming,” Jung Ki-seok, a top adviser to the...

2022-11-01 16:37

Lack of precautions

The nation is in deep grief, mourning the victims of the Halloween tragedy which occurred on Saturday night. On Monday, people lined up to pay tribute to the victims at altars installed near the accident site in Itaewon, as well as at Seoul Plaza and in other cities around the country. We again express our deep condolences to the bereaved families of the 54 people, including ...

Shim Jae-yun2022-10-31 17:00

State firms' soaring debt

The combined debt of the nation's 39 state corporations with assets of 2 trillion won ($1.4 billion) or more is expected to reach 632.8 trillion won this year. The figure represents an increase of 82.2 trillion won from last year. Of the increased debt, 30.9 trillion won is attributed to Korea Electric Power Corp.

2022-10-31 16:34

Halloween nightmare

An unprecedented deadly crowd crush has sent shockwaves throughout the country. The tragedy occurred in Itaewon, a popular Seoul nightlife district, on Saturday night when huge crowds of partygoers gathered for Halloween celebrations. It killed at least 154 people, mostly in their late teens and 20s. Twenty-six foreign nationals from 14 countries including China, Iran, Russia...

Park Yoon-bae2022-10-30 17:11

Lack of concrete measures

The government will provide funds totaling 50 trillion won ($35 billion) for small and medium-sized enterprises (SMEs) struggling amid soaring inflation, high interest rates and the dropping value of the Korean won against the U.S. dollar. It will also ease lending rules for first-time home buyers to take out mortgage loans of up to 50 percent for homes worth over 1.5 billion...

2022-10-30 16:54

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