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[Editorial] Second Middle East boom

President Park Geun-hye is in the middle of a tour of four Middle East nations, hoping to lay the ground for what she calls a “second Middle East boom” for the Korean economy. Park’s nine-day visit to Kuwait, Saudi Arabia, United Arab Emirates and Qatar is timely in that it comes as Kor...

Updated : 2015.03.03 18:55

[Editorial] Averting crisis

Household debts are casting stormy clouds over the Korean economy as their size and pace of growth are reaching dangerous levels. The Bank of Korea said that household credit hit a new record high and expanded at record pace in the fourth quarter of 2014, mainly due to a surge in household...

Updated : 2015.03.03 18:55

[Editorial] Corporate tax hike

Finance Minister Choi Kyung-hwan last week reiterated his cautious stance against raising the country’s corporate tax rate, which currently ranges from 10 to 22 percent.In a parliamentary interpellation session, he warned that levying heavier taxes on corporations could hold them back fro...

Updated : 2015.03.02 20:10

[Editorial] Merkel in Tokyo

Japanese Prime Minister Shinzo Abe may hope German Chancellor Angela Merkel’s upcoming visit to Tokyo will serve his efforts to put his country on what he views as a normal track seven decades after the end of World War II. Merkel will make a two-day working visit to Japan next week. At a...

Updated : 2015.03.02 20:09

[Editorial] Settling history

In a speech marking the 96th anniversary of the March 1 Independence Movement, President Park Geun-hye urged Japan to resolve the issue of its military sexual slavery during World War II.Reminding Japan of the Korean government’s position that future bilateral relations must be based on a...

Updated : 2015.03.01 18:18

[Editorial] No longer safe

Two killing sprees in a week involving hunting rifles have raised alarm about the dangers of firearms in Korea, where people have so far felt safe from guns. On Wednesday, a man in Sejong City killed three people before shooting himself, apparently over a dispute about money with his ex-lo...

Updated : 2015.03.01 18:18

[Editorial] Revolving door

President Park Geun-hye appointed Lee Byung-kee, head of the National Intelligence Service, as the new Blue House chief of staff, inviting criticism for yet another revolving door appointment. Known as a close associate of Park who was part of her 2007 presidential campaign team, Lee was c...

Updated : 2015.02.27 20:28

[Editorial] Commitment to reform

The allegation that the National Intelligence Service manipulated the press during the 2009 investigation of former President Roh Moo-hyun on suspicion of receiving bribes is yet another reminder of the NIS’ predilection for meddling in politics.Earlier this week, Lee In-kyu, a former dir...

Updated : 2015.02.27 20:27

[Editorial] Dereliction of duty

The main opposition party’s boycott of a parliamentary confirmation hearing for a Supreme Court justice nominee can hardly be justified. It may only deepen public concern about whether the New Politics Alliance for Democracy is really committed to abiding by the principles of procedural d...

Updated : 2015.02.26 20:55

[Editorial] Political reform

The National Election Commission this week submitted draft revisions to laws on elections and political activities to the National Assembly. Its proposals are meant to reflect changing conditions in efforts to reform politics. Serious consideration needs to be given to some proposed measur...

Updated : 2015.02.26 20:55

[Editorial] Yellow dust worsens

Yellow dust swept into Korea on Sunday carrying with it fine dust particles that contain various pollutants, including carcinogens. Although the yellow dust phenomenon occurs primarily in the spring, the country was hit on Monday by what the Korea Meteorological Administration said was the...

Updated : 2015.02.25 19:00

[Editorial]Playing it safe

Three out of 10 middle and high school students in a survey last year said that they had no job goals in mind. The hopes, expectations and dreams ― the typical characterization of youth ― seem to have been snuffed out in today’s youngsters. In the survey of 180,000 elementary, middle an...

Updated : 2015.02.25 18:59

[Editorial] Widening wage gap

A recent report shows the wage gap in Korea has been widening between large and small companies and between regular and irregular employees.The average monthly wage at enterprises with fewer than 300 employees remained at 2.04 million won ($1,830) last year, accounting for 56.7 percent of ...

Updated : 2015.02.24 19:59

[Editorial] Third year in office

President Park Geun-hye, who enters the third year of her five-year term Wednesday, is being pressed to carry forward her key reform agenda and regain public trust in her leadership.Her aides say no special event is scheduled to mark the day, probably reflecting the uneasy atmosphere over ...

Updated : 2015.02.24 19:59

[Editorial] State health insurance surplus

The National Health Insurance Service recorded a 4.6 trillion won surplus in 2014, its largest ever. After four consecutive years of surplus, the accumulated figure now stands at more than 12.8 trillion won.In announcing the figures, the Ministry of Health and Welfare said that the continu...

Updated : 2015.02.23 19:28