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Opinion

Editorial

Mon, July 4, 2022 | 21:43

Too small a hike

The government raised the adjusted unit fuel cost - a key element of the nation's electricity rates - by 5 won per kilowatt-hour for the third quarter on Monday. The raised power rates will go into effect Friday, costing about 1,535 won ($1.20) more a month on average for a four-member family.

2022-06-28 16:57

Diplomatic test for Yoon

President Yoon Suk-yeol will make his multilateral diplomatic debut when he attends a NATO summit in Madrid, Spain, June 29 and 30. Yet he needs to take a pragmatic, but careful approach toward security cooperation with NATO as the summit offers both opportunities and challenges for Korea.

Park Yoon-bae2022-06-27 17:05

Uproot voice phishing

The Supreme Prosecutors' Office (SPO) announced last week that it will launch a joint investigation team to eradicate voice phishing scams that caused losses of more than 700 billion won ($543 million) last year alone. The SPO said it will form the team with such relevant agencies as the National Police Agency, the Financial Services Commission and the National Tax Service.

2022-06-27 16:55

Lack of coordination

President Yoon Suk-yeol cannot avoid criticism for causing controversy over his government's decision-making process on the flexible application of the 52-hour workweek system. Controversy erupted last Friday, one day after Labor Minister Lee Jeong-sik announced a policy direction to make the rigid workweek more flexible as part of labor reforms.

Park Yoon-bae2022-06-26 17:03

Worrying national debt

One of the Yoon Suk-yeol administration's key economic policies is bold tax cuts. For starters, it plans to slash the top corporate tax rate by 3 percent, lower the property holding tax for owners of only one home to the 2020 level and reduce the stock transaction tax by 0.03 percent.

2022-06-26 17:00

Police reshuffle in dispute

President Yoon Suk-yeol vented anger at the Korean National Police Agency (NPA) Thursday for having released an unapproved document to the press regarding the reshuffle of senior police officers. Yoon said the appointment “failed to get approval from the president as well as the Ministry of the Interior and Safety.” He described the incident as tantamount to “disruption of na...

Shim Jae-yun2022-06-24 17:00

End of nuclear phase-out

President Yoon Suk-yeol has promised to rebuild the nuclear energy industry which has been devastated by his predecessor's nuclear phase-out policy over the past five years. This promise is part of Yoon's campaign commitment to resume construction of Shin Hanul reactors 3 and 4 and to export 10 nuclear reactors by 2030.

Park Yoon-bae2022-06-23 17:11

Boosting housing supply

The Yoon Suk-yeol administration announced its first real estate policy package Tuesday. Above all, the government has decided to expand benefits for “good landlords” while raising the mortgage ceiling for tenants to prevent a rental home shortage expected to hit tenants in August.

2022-06-23 17:00

Opening new space era

Korea successfully launched a homegrown rocket Tuesday, opening a new space era. The Nuri blasted off from the Naro Space Center in Goheung, a coastal village in South Jeolla Province, and placed its payload of satellites into the target altitude of 700 kilometers above the Earth. The Korea Aerospace Research Institute (KARI) confirmed Wednesday that the performance verificat...

Shim Jae-yun2022-06-22 17:00

Public firms need overhaul

President Yoon Suk-yeol called for strong measures Tuesday to reform public companies and state-run agencies struggling with low profitability and bloated debt. In a Cabinet meeting, Yoon said, “Public-sector reform is a task that cannot be delayed any further,” noting that the combined debt of public institutions here soared to 583 trillion won ($452 billion) at the end of 2...

2022-06-22 16:55

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