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[Editorial] Grand compromise

One of the biggest problems in the Korean economy is that its labor market is not flexible by global standards. This problem stems from, among other things, the overprotection of permanent workers, especially those at well-unionized conglomerates. This ironically results in an increase in ...

Updated : 2014.11.28 21:12

[Editorial] Already overdue

It is common for the National Assembly to hold up key legislative bills because of a partisan standoff, the vested interests of lawmakers or even laziness. But the lack of progress on the legislative work for a landmark anticorruption bill is unsettling, all the more so because corruption,...

Updated : 2014.11.28 21:11

[Editorial] Welcome to the 21st century

Samsung Group has decided on a path that allows it to focus on its core businesses with the sales of its chemical and defense units to Hanwha Group announced Wednesday.The conglomerate is selling its chemical unit Samsung General Chemicals and its defense unit Samsung Techwin as well as se...

Updated : 2014.11.27 21:14

[Editorial] Plight of security guards

An apartment complex in the wealthy neighborhood of Apgujeong-dong in Seoul has apparently given termination notices to its security guards, technicians and supervisors. A total of 106 people stand to lose their jobs.This is the same apartment complex where a security guard recently set hi...

Updated : 2014.11.27 21:13

[Editorial] Seeds for new politics

Korean politics is associated more with words like defiance, confrontation and deadlock than with negotiation, concession and compromise. This is one of the reasons the public has little confidence in politicians. One recent case that exposed the deep illness of Korean politics was the par...

Updated : 2014.11.26 20:47

[Editorial] No more delay

It is distressing that the National Assembly keeps dragging its feet on passing the bill to levy income tax on clergy members. The National Assembly Finance Committee’s tax subcommittee held a meeting with representatives of leading religious groups early this week. The subcommittee is wo...

Updated : 2014.11.26 20:47

[Editorial] Ethical dilemmas

It is a welcome development that a growing number of Korean individuals and corporations are choosing to donate to charities. As the year comes to an end, more donations will be made to help those in need.A particular form of donation preferred by Koreans is to be twinned with a certain re...

Updated : 2014.11.25 21:01

[Editorial] China’s rate cuts

China’s rate cuts aimed at propping up its flagging economic growth are likely to prove a double-edged sword for Korea’s exporters. Shipments to China may rebound from a declining trend while competition with Chinese products will probably intensify in the global market.China’s central ...

Updated : 2014.11.25 21:01

[Editorial] The wind of change

The Ministry of Personnel Management, launched last week, kicked off its operations by announcing that it would fill 10 of its top positions with experts from the civilian sector. The ministry was established to eradicate the type of collusion between the bureaucracy and the private sector...

Updated : 2014.11.24 20:56

[Editorial] Funeral fraudsters

The passing of a family member is a time of great grief and distress. Families are usually unprepared for the funeral, making them easy prey for overcharging by funeral directors.It is common knowledge that catering businesses overcharge for the meals served at wakes, as do florists who se...

Updated : 2014.11.24 20:56

[Editorial] Lessons from Japan

The number of foreign tourists to Japan has been on a sharp increase this year, helping boost the world’s third-largest economy at a time when it is struggling with sluggish domestic consumption.In the first 10 months of the year, more than 11 million foreign travelers visited Japan, brea...

Updated : 2014.11.23 21:03

[Editorial] N.K. rights act

The two main political parties are to submit their separate bills aimed at helping improve North Korea’s dire human rights conditions to a parliamentary committee on foreign affairs and unification Monday. The committee chairman, Rep. Yu Ki-jun from the conservative ruling Saenuri Party, ...

Updated : 2014.11.23 21:03

[Editorial] Illegal Chinese fishing

The reorganization of the Korea Coast Guard should be the start of a more rigorous policing of our waters against illegal fishing by the Chinese.Illegal fishing in the West Sea is at its height ahead of the December to March ban on catching blue crabs. According to the Korea Coast Guard in...

Updated : 2014.11.21 21:27

[Editorial] Act honorably

Japanese Prime Minister Shinzo Abe still does not get it: The best way to regain the country’s honor is to own up to its history and sincerely apologize for its past wrongdoings.In an interview with the conservative daily Sankei Shimbun published Thursday, Abe noted that Japan’s honor h...

Updated : 2014.11.21 21:27

[Editorial] Milestone resolution

North Korea’s isolated and impoverished regime has sought to secure its survival by building a nuclear arsenal and placing its people under harsh control.Its adherence to nuclear and ballistic missile programs has led to international economic sanctions, deepening the predicament of the r...

Updated : 2014.11.20 21:12