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Opinion

Editorial

Mon, April 19, 2021 | 15:02

Change for survival

President Moon Jae-in conducted a Cabinet reshuffle Friday in a desperate bid to regain public support following his party's crushing defeat in the April 7 mayoral by-elections. The shakeup is also aimed at helping him avoid becoming a lame-duck president with about one year left before the end of his term.

2021-04-18 16:40

Saving SsangYong Motor

SsangYong Motor has been placed under court receivership once again. Last Thursday, the Seoul Bankruptcy Court approved corporate rehabilitation procedures for the automaker, ordering the company to submit a restructuring plan by July 1. The troubled SsangYong stands at a crossroads, with its fate resting in the hands of the court about a decade years after it emerged from a ...

2021-04-18 16:30

Warning against debt explosion

The International Monetary Fund (IMF) has issued a warning for Korea to take preemptive measures against a possible “explosion” of its national debt due to the ongoing low birthrate coupled with rapid aging of the population. Andreas Bauer, assistant director and Korea mission chief for the IMF, said, “Korea's strong fundamentals, including a robust manufacturing sector and a...

2021-04-16 17:28

Looming vaccination delay

South Korea is likely to suffer setbacks in its vaccination drive against COVID-19 with concerns growing that the country may not secure a sufficient supply due to reported side effects in vaccines produced by AstraZeneca and Johnson & Johnson. More worrisome is that Korea appears to be facing a new wave of infections this spring.

2021-04-15 17:13

Illusionary jobs report

Korea reported the first job gains in 13 months in March, putting an end to a downturn that has continued since the COVID-19 pandemic outbreak. The number of employed people totaled 26.92 million last month, up 314,000 from a year earlier, according to Statistics Korea's jobs report released Wednesday. “The employment situation may probably have entered a recovery phase,” the...

2021-04-15 17:12

Global chip battle

U.S. President Joe Biden has stressed the importance of the semiconductor industry and pledged to make huge investments in the area. During a virtual meeting hosted by the White House, Monday, Biden said, “We're investing aggressively in areas like semiconductors and batteries; that is what they're doing and others, so must we.”

2021-04-14 17:11

Prioritize coronavirus fight

New Seoul Mayor Oh Se-hoon is pushing ahead with the city's own quarantine measures, saying the current anti-coronavirus restrictions have failed to address people's livelihoods. The move comes amid growing complaints from small business owners reeling from financial woes owing to the central government's uniform social distancing regulations.

2021-04-14 17:11

Retract wrong decision

Japan said Tuesday that it has decided to release more than 1 million tons of treated radioactive water from the wrecked Fukushima nuclear plant into the Pacific Ocean. The release seems inevitable on the part of Japan; but is drawing a furious reaction from neighboring countries such as South Korea and China due to safety concerns.

2021-04-13 17:03

Growing need for carbon tax

Four government ministries, including the Ministry of Economy and Finance, have recently requested the Korea Institute of Public Finance to conduct research into how to put a dollar value on carbon emissions. Industry watchers say the Moon Jae-in administration, which has declared achieving carbon neutrality by 2050, seems to have taken the first steps toward introducing a ca...

2021-04-13 17:03

'Win-win' battery deal

LG Energy Solution and SK Innovation agreed Sunday to settle a dispute over the theft of trade secrets, ending the two-year-long legal battle. The agreement is welcome, though belated. It will benefit all relevant parties, including the respective Korean companies. It is also a win for the U.S. administration of President Joe Biden.

2021-04-12 17:17

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