KoreaTimes - Editorial

Entertainment & Arts

Qatar 2022

SCMP
Asia

Entertainment & Arts

Qatar 2022

SCMP
Asia

Opinion

Editorial

Tue, December 6, 2022 | 23:27

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

Law enforcement agencies have declared war on drugs, as the use of narcotics has become more widespread in Korea, which was once touted as being “drug-free.” In a weekly meeting last Friday, Prosecutor General Lee Won-seok vowed to crack down on drug crimes, saying, “We have passed the critical point.” In August, Yoon Hee-keun, the new commissioner general of the Korean Natio...

2022-10-12 17:27

Boost chip industry

Lawmakers of the ruling and opposition parties have taken flak for causing a special bill promoting the domestic semiconductor industry to languish at the National Assembly amid rising partisan conflicts. Despite rapid changes in global semiconductor industry conditions, they have yet to deliberate on the bill which was submitted in August. The Yoon Suk-yeol administration ea...

Shim Jae-yun2022-10-11 17:24

High-risk debtors

There were about 381,000 high-risk households with total combined financial debt amounting to 69.4 trillion won ($48.7 billion) as of the end of last year, the Bank of Korea said Monday. High-risk households refer to those heavily burdened by servicing debts and mired in difficulty repaying their borrowings through asset sales, according to the BOK.

2022-10-11 17:08

Don't play with nukes

North Korea has gone too far in making nuclear threats to South Korea and the United States. It conducted a series of military drills from Sept. 25 to Oct. 9 in response to combined naval exercises between the South and the U.S., according to the North's Korean Central News Agency (KCNA).

Park Yoon-bae2022-10-10 17:09

Responsible ruling party

The ruling People Power Party (PPP) has emerged from its protracted internal feud caused by the ethics panel's disciplinary action against Lee Jun-seok, the party's former leader, over allegations that he accepted sexual favors as bribes and abetted an attempt to destroy evidence of the incident.

2022-10-10 16:59

Signs of economic woes

South Korea's current account, a broad measure of its global trade in goods and services as well as net earnings on cross-border investments, returned to a deficit in August for the first time in four months. This is raising fears of an economic crisis as the country is likely to continue to suffer a simultaneous phenomenon of twin deficits - fiscal and current account defici...

Park Yoon-bae2022-10-09 17:07

'Semiconductor winter'

Samsung Electronics' operating profit in the third quarter plunged 31.7 percent to 10.8 trillion won ($7.6 billion) from a year ago. It could be called an “earnings shock,” hovering far below the stock market consensus of 11.86 trillion won. The disappointing result was due to weak semiconductor sales, eclipsing relatively good performance by displays and smartphones. A direc...

2022-10-09 16:32

Escalating tensions on peninsula

South Korea and the United States resumed joint drills with a U.S. aircraft carrier on Friday in response to North Korea's repeated military provocations. The North flew 12 fighter jets and bombers on Thursday, prompting the South to deploy 30 fighters around the heavily fortified border area. Hours earlier, the North fired two short-range ballistic missiles into the East Sea.

Shim Jae-yun2022-10-07 17:00

1 2 3 4 5 6 7 8 9 10

Top 10 Stories

1	Drunk US soldier beats up taxi driver in Seongnam

2	Samsung Electronics' 1st female president shatters glass ceiling

3	PHOTOSWorld Cup 2022 France vs Poland

4	11 students from multicultural backgrounds and teacher awarded for accomplishments

5	PHOTOSWorld Cup 2022 Korea vs Brazil

6	Hyundai, Lotte expand secondhand items stores

7	Interior minister further cornered over responsibility in Itaewon tragedy

8	Samsung chief picks UAE as destination of 1st trip after becoming chairman

9	NK leader nominated again for tyrant of the year

10	INTERVIEWAuthor of 'Silent Invasion' warns against non-citizens' right to vote

DARKROOM