KoreaTimes - Editorial

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Asia

Entertainment & Arts

Qatar 2022

SCMP
Asia

Opinion

Editorial

Sun, December 4, 2022 | 10:23

Dangers of monopolies

The breakdown of Kakao services has wreaked unprecedented havoc on Korean society and laid bare the problems with the online platform behemoth. It has disrupted payment, mobility and portal services as well as a messenger app that has some 43 million users. On Tuesday, Kakao Corp. said it normalized most of its operations and is offering services almost in full swing, except ...

Shim Jae-yun2022-10-18 17:04

A baker's death

Last Saturday, an employee in her 20s died at a factory affiliated with SPC Group, known for the Paris Baguette bakery chain, after her upper body was caught in a sauce mixer. The victim, who majored in baking in high school, had worked hard, dreaming of opening her own bakery. Many people are grieving her death and are also outraged by the apparent lack of concern the compan...

2022-10-18 16:43

Stop partisan feuding

Lawmakers of the ruling and opposition parties have come under severe criticism for turning the National Assembly's audit and inspection of the government and related agencies into a venue for political wrangling. It is wrong for them to put narrow-minded partisanship before national interests in the face of looming economic woes and rising military threats from North Korea.

Park Yoon-bae2022-10-17 17:15

Heavy reliance on foreign software

The proportion of foreign-made software has hit an all-time high in Korea's public sector, including government agencies and offices. According to the Ministry of the Interior and Safety, the localization ratio of public-sector software stood at 40.7 percent last year, the lowest since relevant statistics began to be compiled in 2017. The ratio rose to 44.69 percent in 2018 b...

2022-10-17 17:04

Setback to Kakao

The country's tech giant, Kakao Corp., suffered service disruptions due to a fire at a data center Saturday. The incident shows how vulnerable our wired digital society is to such a malfunction.

Park Yoon-bae2022-10-16 17:08

Unfit labor council chief

Kim Moon-soo, chair of the presidential Economic, Social and Labor Council, was forced out of the conference room during a National Assembly audit of government agencies Wednesday, due to his controversial remarks that come close to ideological branding. Above all, Kim called former President Moon Jae-in a “Kim Il-sung-ist,” a follower of the North Korean founder.

2022-10-16 17:07

Humiliating defeat in UN

It is humiliating that South Korea has failed to retain its seat on the United Nations Human Rights Council (UNHRC). It is the first time the nation has been denied council membership since it was founded in 2006. South Korea got 123 votes in a U.N. General Assembly in New York, Wednesday, coming in fifth among eight Asian countries competing to attain a slot for the council'...

Shim Jae-yun2022-10-14 17:18

Viable deterrence options

The Yoon Suk-yeol administration is weighing various measures to strengthen deterrence against ever-mounting nuclear threats from North Korea. Yet it is tricky to sort out viable options as there are risk factors to consider. What's certain is that South Korea needs a new strategy as the Kim Jong-un regime is going all out to develop and deploy tactical nuclear warheads that ...

Park Yoon-bae2022-10-13 17:05

Another big-step rate hike

The Bank of Korea (BOK) delivered another big-step rate hike on Wednesday by raising its benchmark interest rate from 2.5 percent to 3 percent. It is the first time in 10 years that the rate has climbed up to the 3 percent range. In addition, the central bank raised the policy rate for the fifth consecutive time, marking another first in its history. The successive rate incre...

2022-10-13 17:00

'Worst is yet to come'

The International Monetary Fund (IMF) said Tuesday the global economy will slow further to register 2.7 percent growth next year, 0.2 point lower than a previous forecast made in July. This is 0.5 point lower than a 3.2-percent estimate for this year. The IMF also expected Korea's growth to slide to 2 percent next year from 2.6 percent this year.

Shim Jae-yun2022-10-12 17:53

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