KoreaTimes(202) - Editorial, Opinion, page 1

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Opinion

Editorial

Fri, October 22, 2021 | 15:48

More than verbal slip

Yoon Seok-youl, a leading presidential contender of the main opposition People Power Party (PPP), has invited severe criticism for making controversial remarks about former authoritarian President Chun Doo-hwan. During a meeting with party officials in the southeastern port city of Busan, Tuesday, Yoon said that Chun did a good job in politics although he seized power through...

2021-10-21 17:10

Setback in overseas drilling, mining

The global supply chain is faltering, as prices of major energy resources, including oil, coal and gas, are surging at the same time as the world faces its “great logistical turmoil.” Resource-poor Korea should have already secured overseas resources to prepare for a crisis such as this. However, the country has failed to do so because of a lack of preparation.

2021-10-21 16:50

Repeated provocations

North Korea test-fired a new-type of submarine-launched ballistic missile (SLBM) Tuesday, scoffing at the U.S. and South Korea's efforts to restart stalled denuclearization talks. Pyongyang should realize that its military provocations will only raise tensions on the Korean Peninsula and deepen its isolation from the international community.

2021-10-20 17:00

Real risk of depopulation

The Ministry of the Interior and Safety has designated 89 cities, counties and districts nationwide as “depopulation areas” that are in danger of disappearing owing to population decline. The designated areas will receive 1 trillion won ($850 million) in annual subsidies over the next decade for job creation. The areas will also be given additional points during reviews for s...

2021-10-20 17:00

Failure to reveal truth

The National Assembly's audit of the Gyeonggi provincial government turned into a political battle over a land development scandal, Monday. Lawmakers of the ruling Democratic Party of Korea (DPK) went all-out to defend Gyeonggi Province Governor Lee Jae-myung who was peppered with a barrage of questions from representatives of the main opposition People Power Party (PPP).

2021-10-19 17:09

Washington going too far

The Moon Jae-in administration has announced its position regarding the controversial U.S. demands for global semiconductor makers, including Samsung Electronics, to hand over sensitive trade secrets. The government's statement was little more than a formality, saying it had delivered its concerns over Washington's request and would positively discuss the matter. Considering ...

2021-10-19 17:00

Long way to go

President Moon Jae-in and Japanese Prime Minister Fumio Kishida failed to narrow their differences on key issues, such as Japan's forced wartime labor and sex slavery, in their first phone call Friday, 11 days after the latter took office. They only agreed to disagree on those historical issues which have continued to strain bilateral ties.

2021-10-18 17:26

Make fuel taxes flexible

With retail oil prices soaring here, led by the recent surge in international crude prices, there are growing calls for cutting domestic fuel taxes to ease the burden on households and small businesses. Last week, the retail price for gasoline surpassed 1,700 won ($1.44) per liter on average nationwide, the highest in seven years.

2021-10-18 17:00

Persisting chip shortage

South Korea's automotive and electronics industries are bearing the brunt of the persisting global semiconductor shortage. More worrisome is that the chip crunch shows no signs of easing anytime soon. This may slow the pace of the country's recovery from COVID-19's economic fallout unless radical action is taken.

2021-10-17 16:58

Eased lending control

The financial authorities have taken a step back from their draconian lending regulations. “We won't stop the jeonse (home rental based on large deposits) loans or lending to help pay back the balance for apartment purchases until the end of this year,” Financial Services Commission (FSC) Chairman Koh Seung-beom said last Thursday.

2021-10-17 16:57

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