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Opinion

Editorial

Sun, May 29, 2022 | 05:03

Ruling on peak wage system

The nation's top court on Thursday ruled against the peak wage system designed to reduce salaries gradually for senior workers from the age of 55 until retirement. The Supreme Court upheld decisions by both the district and appellate courts that ordered compensation for a former employee of the Korea Electronics Technology Institute.

Shim Jae-yun2022-05-27 17:00

Huge business investments

On Tuesday, four of Korea's major conglomerates announced massive business investment plans totaling nearly 600 trillion won ($472 billion). For starters, Samsung Group will spend 490 trillion won over the next five years to develop new growth engines such as semiconductors, biopharmaceuticals and artificial intelligence. Hyundai Motor Group's three flagship units also plan t...

2022-05-26 17:00

Toward gender equality

President Yoon Suk-yeol has been the target of criticism for his apparent lack of conviction and willingness to tackle gender inequality. This issue emerged once again during a press conference on May 21 following his summit with visiting U.S. President Joe Biden, when a journalist from Washington Post threw a question to Yoon regarding his male-dominated Cabinet.

Shim Jae-yun2022-05-26 17:00

Japan's unwelcome move

U.S. President Joe Biden's support for Japan's bid to become a permanent member of the United Nations Security Council (UNSC) is raising questions over the Asian giant's qualifications. He should have considered South Korea and other Asian neighbors about such a move.

Park Yoon-bae2022-05-25 17:02

Fair and neutral speaker

The main opposition Democratic Party of Korea (DPK) elected five-term lawmaker Kim Jin-pyo as its candidate for the next National Assembly speaker Tuesday. Given that the speaker position usually goes to the party with the most seats, Kim will ultimately assume the speakership.

2022-05-25 16:55

Growing US-China rivalry

U.S. President Joe Biden launched the Indo-Pacific Economic Framework (IPEF) during his visit to Japan on Monday. The framework is Biden's new economic initiative to step up cooperation in supply chains, digital trade, clean energy and anti-corruption efforts among member nations in the region.

Park Yoon-bae2022-05-24 17:08

Another infectious disease

Monkeypox, a new viral disease, is showing signs of spreading globally. Last Saturday, the World Health Organization said it expected to confirm more cases of contagion as the U.N. agency expanded its scope of infection tracking. According to media reports, 92 confirmed cases and 28 suspected cases of monkeypox had been reported in 12 countries, causing concerns about the eme...

2022-05-24 16:51

Take detailed steps

President Yoon Suk-yeol and U.S. President Joe Biden agreed to step up joint efforts to deter increasing nuclear and missile threats from North Korea. For this, the two leaders agreed to expand combined military exercises and reactivate the suspended Extended Deterrence Strategy and Consultation Group (EDSCG) at the earliest date.

Shim Jae-yun2022-05-23 17:25

Neglected defense spending

It's not surprising that the new administration has cut defense spending earmarked in this year's original budget to raise funds for the 59 trillion won ($463 billion) extra budget President Yoon Suk-yeol proposed earlier this month to compensate small merchants hit by the COVID-19 pandemic. The government created about 7 trillion won by restructuring non-essential expenditur...

2022-05-23 16:09

Broadening alliance

President Yoon Suk-yeol and his U.S. counterpart Joe Biden have committed to expanding the two countries' military alliance into a “global comprehensive strategic alliance” to deepen their cooperation in economy and technology. This new meaning of an alliance is set to open a new horizon in bilateral relations to ensure peace, stability and prosperity not only on the Korean P...

Park Yoon-bae2022-05-22 17:10

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