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Opinion

Editorial

Mon, August 15, 2022 | 07:00

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

Looming economic woes

The deteriorating economic and financial situation can be compared to an approaching perfect storm. People have already begun to bear the brunt of triple shocks - runaway inflation, higher interest rates, and the weakening local currency. Their pains are likely to become acuter as the economic outlook is getting bleaker amid concerns about a global recession.

Park Yoon-bae2022-06-21 17:00

Sustaining technological lead

“To survive, technology comes first, second and third,” Samsung Electronics Vice Chairman Lee Jae-yong said last Saturday, returning from his 12-day European tour. Stressing the importance of technology, Lee also said, “Our job is to bring talented people and create a flexible corporate culture.”

2022-06-21 16:55

Better communication

President Yoon Suk-yeol has been taking questions from reporters and answering them on his way to work 18 times since he took office May 10. Unprecedented in Korean politics, this move is in stark contrast to what his predecessor Moon Jae-in did. Moon held 11 press conferences during his five-year presidency.

Shim Jae-yun2022-06-20 17:00

BTS hiatus for future

K-pop superstar group BTS sent shock waves through fans and news media last week by announcing they will take a break from group activities to pursue solo projects, pleading exhaustion. But the seven-member boy band denied rumors of disbandment, saying the members will continue releasing their own solo albums.

2022-06-20 16:50

'Political revenge' claim

Prosecutors and police are stepping up their investigations into corruption and power abuse scandals involving the previous administration. Such investigations are necessary to get to the bottom of the scandals and bring to justice those responsible for law violations. They are also crucial to upholding the rule of law and defending democracy.

Park Yoon-bae2022-06-19 17:07

Declining competitiveness

Korea ranked 27th in global competitiveness this year among 63 countries surveyed by the International Institute for Management Development (IMD), a business school for executives in Lausanne, Switzerland, falling by four notches from 2021. The previous Moon Jae-in administration received praise when the U.N. Conference on Trade and Development (UNCTAD) classified Korea as a ...

2022-06-19 16:55

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