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Opinion

Editorial

Fri, January 29, 2021 | 00:20

Walking diplomatic tightrope

President Moon Jae-in's phone conversation with his Chinese counterpart Xi Jinping, Tuesday, has raised more worries than hopes. It came at a delicate time when new U.S. President Joe Biden is seeking to strengthen America's alliances with other countries, including South Korea, to counter the rise of China.

Park Yoon-bae2021-01-28 16:42

Delivery workers' strike

The trilateral agreement on preventing delivery workers' deaths from overwork is facing a crisis after just six days. The Parcel Delivery Workers' Solidarity Union said Wednesday that it would enter into an indefinite strike from Friday because the logistics companies have already abrogated the accord.

2021-01-28 16:20

Economic contraction

The Korean economy contracted 1 percent in 2020 from the previous year, largely due to the fallout from the COVID-19 pandemic, according to the Bank of Korea (BOK). This represents its worst performance since the Asian financial crisis hit the country in 1998 when the country's gross domestic product (GDP) shrank 5.1 percent.

2021-01-27 17:59

Unqualified to uphold law

Monday's confirmation hearing for Justice Minister nominee Park Beom-kye failed to clear up suspicions against him but rather confirmed that the three-term lawmaker had many reasons to be disqualified. The ruling Democratic Party of Korea (DPK) defended him, stating, “There were no serious problems.” Yet it's doubtful that he is qualified to lead the Ministry of Justice, give...

2021-01-27 17:59

The progressive Justice Party has faced its worst crisis since its establishment in 2012 with its leader resigning over sexual misconduct Monday. Chairman Kim Jong-cheol stepped down for sexually harassing a female lawmaker of the minority party.

Park Yoon-bae2021-01-26 16:57

Broader family concepts

The Ministry of Gender Equality and Family is moving to recognize unmarried or cohabiting couples as a legally defined family. Korea's Civil Act limits the definition of a family to spouses, lineal blood relatives, brothers and sisters. The Framework Act on Healthy Families, which constitutes the basis of various family policies, also defines a family as the “basic social uni...

2021-01-26 16:52

Mapping out new strategy

The United States has vowed to map out a “new strategy” for the denuclearization of North Korea in consultation with its allies. White House Press Secretary Jen Psaki said Friday that President Joe Biden believes North Korea's ballistic missiles and other nuclear proliferation-related activities constitute a serious threat to international peace and security. “The U.S. still ...

Shim Jae-yun2021-01-25 17:38

Trade imbalance with Japan

South Korea's trade deficit with Japan amounted to $20.84 billion last year, up from the $19.16 billion recorded in 2019 when Seoul's trade shortfall with Tokyo fell below $20 billion for the first time since 2003. In 2020, South Korea posted its largest trade deficit with the Middle East owing to oil imports - its deficit with Japan was the second-largest.

2021-01-25 17:36

Damage compensation

The Moon Jae-in administration and the ruling Democratic Party of Korea (DPK) have started the legislative process to allow small businesses and the self-employed to get state compensation for their losses arising from COVID-19. The move has gained momentum since Prime Minister Chung Sye-kyun instructed the Ministry of Economy and Finance, Thursday, to work out measures to he...

Park Yoon-bae2021-01-24 17:02

Cold-headed restructuring

LG Electronics has floated the idea of shedding its smartphone business unit, which has accumulated aggregated losses of 5 trillion won ($4.52 billion). “We have reached a moment to make the best decision concerning our mobile business by coolly weighing its present and future competitiveness,” CEO Brian Kwon said in an email sent to employees. The management is reportedly ex...

2021-01-24 17:00

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