KoreaTimes - Editorial

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Entertainment & Arts

Qatar 2022

SCMP
Asia

Opinion

Editorial

Sun, November 27, 2022 | 00:45

Law enforcement agencies have declared war on drugs, as the use of narcotics has become more widespread in Korea, which was once touted as being “drug-free.” In a weekly meeting last Friday, Prosecutor General Lee Won-seok vowed to crack down on drug crimes, saying, “We have passed the critical point.” In August, Yoon Hee-keun, the new commissioner general of the Korean Natio...

2022-10-12 17:27

Boost chip industry

Lawmakers of the ruling and opposition parties have taken flak for causing a special bill promoting the domestic semiconductor industry to languish at the National Assembly amid rising partisan conflicts. Despite rapid changes in global semiconductor industry conditions, they have yet to deliberate on the bill which was submitted in August. The Yoon Suk-yeol administration ea...

Shim Jae-yun2022-10-11 17:24

High-risk debtors

There were about 381,000 high-risk households with total combined financial debt amounting to 69.4 trillion won ($48.7 billion) as of the end of last year, the Bank of Korea said Monday. High-risk households refer to those heavily burdened by servicing debts and mired in difficulty repaying their borrowings through asset sales, according to the BOK.

2022-10-11 17:08

Don't play with nukes

North Korea has gone too far in making nuclear threats to South Korea and the United States. It conducted a series of military drills from Sept. 25 to Oct. 9 in response to combined naval exercises between the South and the U.S., according to the North's Korean Central News Agency (KCNA).

Park Yoon-bae2022-10-10 17:09

Responsible ruling party

The ruling People Power Party (PPP) has emerged from its protracted internal feud caused by the ethics panel's disciplinary action against Lee Jun-seok, the party's former leader, over allegations that he accepted sexual favors as bribes and abetted an attempt to destroy evidence of the incident.

2022-10-10 16:59

Signs of economic woes

South Korea's current account, a broad measure of its global trade in goods and services as well as net earnings on cross-border investments, returned to a deficit in August for the first time in four months. This is raising fears of an economic crisis as the country is likely to continue to suffer a simultaneous phenomenon of twin deficits - fiscal and current account defici...

Park Yoon-bae2022-10-09 17:07

'Semiconductor winter'

Samsung Electronics' operating profit in the third quarter plunged 31.7 percent to 10.8 trillion won ($7.6 billion) from a year ago. It could be called an “earnings shock,” hovering far below the stock market consensus of 11.86 trillion won. The disappointing result was due to weak semiconductor sales, eclipsing relatively good performance by displays and smartphones. A direc...

2022-10-09 16:32

Escalating tensions on peninsula

South Korea and the United States resumed joint drills with a U.S. aircraft carrier on Friday in response to North Korea's repeated military provocations. The North flew 12 fighter jets and bombers on Thursday, prompting the South to deploy 30 fighters around the heavily fortified border area. Hours earlier, the North fired two short-range ballistic missiles into the East Sea.

Shim Jae-yun2022-10-07 17:00

Need for gender ministry

The Yoon Suk-yeol administration announced a government reorganization plan on Thursday to abolish the Ministry of Gender Equality and Family, elevate the status of the Ministry of Patriots and Veterans Affairs, and create an agency for Korean nationals abroad.

Park Yoon-bae2022-10-06 17:05

Stopgap measures won't work

The government has unveiled a set of measures to ease the nighttime taxi shortage. On Tuesday, the Ministry of Land, Infrastructure and Transport announced a plan to raise the late-night taxi-hailing fee to 5,000 won ($3.49) from the current 3,000 won. Separately, the Seoul Metropolitan Government is mulling an increase in basic fares from 3,800 won to 4,800 won.

2022-10-06 16:45

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