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Opinion

Editorial

Sat, November 27, 2021 | 16:55

Declining tax competiveness

Amid growing tax resistance in the wake of the “comprehensive real estate tax bomb,” South Korea's tax competitiveness was found to have dropped most drastically among the member countries of the Organization for Economic Cooperation and Development (OECD). According to a report from the Korea Economic Research Institute (KERI) Thursday, the nation's tax competitiveness fell ...

Shim Jae-yun | 2021-11-26 12:45

Additional rate hike

The Bank of Korea (BOK) raised its key policy rate by 0.25 percentage points to 1 percent Thursday, as part of its efforts to tame inflation and reduce household debt. The hike came three months after the central bank ramped the rate up by a quarter point. This means that the low interest rate era is coming to an end as additional rate hikes are expected next year.

Park Yoon-bae2021-11-25 17:09

New start for Samsung

Samsung Electronics has chosen Taylor, Texas, as the site of its new $17 billion U.S. semiconductor plant. Samsung said it took tax benefits and other investment incentives into account in selecting the U.S. city. The decision will enable the world's largest memory chip maker to focus on its goal of emerging as the top foundry company - which manufactures semiconductors for o...

2021-11-25 16:59

BTS success continues

Korean superstar BTS is making a brilliant contribution to expanding the clout of Korean popular culture called “K-content” here worldwide. The sensational boy band snatched a Grammy nomination for the second straight year Tuesday, though it failed to get a slot in its four major categories. If BTS secures a Grammy on Jan. 31 next year, it will be the first Korean pop artist ...

Shim Jae-yun2021-11-24 17:10

Speed up booster shots

The neutralizing antibody levels from the AstraZeneca (AZ) vaccinations remain at one-fifth and one-seventh of those of the Pfizer and Moderna shots, respectively, according to a National Institute of Health study of 969 medical workers. Furthermore, the amounts of neutralizing antibodies from the AZ shots tend to halve three months after inoculation, with the vaccine showing...

Park Yoon-bae2021-11-24 17:05

Leaving indelible stain

Disgraced former President Chun Doo-hwan passed away Tuesday at 90 after battling chronic ailments. His death left an indelible stain on the modern history of Korea because of his misdeeds before and during his iron-fisted rule.

Park Yoon-bae2021-11-23 17:10

Youth employment project

Hyundai Motor Group has promised to create 46,000 jobs over the next three years. The country's top automotive conglomerate will directly hire 30,000 people while helping its suppliers and subcontractors recruit 16,000 workers. On Monday, Hyundai announced the plan during a partnership agreement event between the group and the Prime Minister's Office in Goyang, northwest of S...

2021-11-23 16:59

Property tax bomb

The Moon Jae-in administration is facing growing tax resistance from owners of multiple and high-priced homes who will have to pay a much higher property tax next month. The number of people subject to the so-called comprehensive real estate tax amounts to 947,000 this year, up 42 percent from 667,000 last year, the Ministry of Economy and Finance said Monday. This accounts f...

Shim Jae-yun2021-11-22 17:00

Shame on police

Police officers' bungled responses to serious crimes have resulted in some innocent citizens being killed or seriously injured. As a result of these tragedies, doubts are arising over the ability of the police to maintain law and order.

2021-11-22 17:00

Possible Olympics boycott

U.S. President Joe Biden's confirmation about a possible boycott of the Beijing Winter Olympics is likely to further strain already tense relations with China. On Thursday, Biden said he was considering a U.S. diplomatic boycott of the Olympic Games over China's human rights abuses.

Park Yoon-bae2021-11-21 17:03

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