U.S. Congress gives final approval to N. Korea sanctions bill

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[Editorial] Blind opposition

One of the key mandates and missions of the opposition is to watch over the government in power, criticize it and offer alternatives if it does something wrong.  But the Korean opposition often sticks to opposition for the sake of opposition without offering options. The opposition is hol...

Updated : 2016.02.12 17:11

[Editorial] Different this time

China becomes a focus of international attention whenever North Korea escalates tensions by nuclear tests or long-range missile launches. It is because the international community looks to China, the sole socialist ally and economic patron of North Korea, for reining in the world’s most ...

Updated : 2016.02.12 17:11

[Editorial] Peninsular tensions rise

There is no time to cry over spilled milk. The Park administration has taken retaliatory action against North Korea’s long-range missile provocation following a nuclear test. It chose to close down the Gaeseong industrial complex. The government announcement Wednesday was a surprise to t...

Updated : 2016.02.11 18:09

[Editorial] Short-selling divide

South Korea’s small investors are expressing their anger at some securities firms for reportedly cooperating with corporate investors over their short-selling practices. A recent move to transfer their stocks to the accounts of other securities firms is gaining support from more and more...

Updated : 2016.02.11 18:09

[Editorial] 'One-shot' law

After many twists and turns, the Corporate Vitality Enhancement Act has been finally enacted. The legislation is aimed at revitalizing Korea’s major industries, such as shipbuilding and steelmaking, which have been suffering from oversupply.  The so-called “one-shot” law is designed to...

Updated : 2016.02.10 17:38

[Editorial] Sanctions with teeth

Ignoring repeated warnings from the global community, North Korea has launched a long-range rocket. Pyongyang claimed the launch was part of its scientific space program, but it was a thinly disguised ballistic missile test. In any case, the rocket launch Sunday, which came a month after ...

Updated : 2016.02.10 17:34

[Editorial] Vacation risks

Lunar New Year vacation will be from Saturday to Wednesday for most Korean citizens, a large portion of whom will meet with family and relatives. Some Koreans will make trips abroad while there is also an expected influx of inbound tourists to Korea, in particular from China.  Economic p...

Updated : 2016.02.05 15:02

[Editorial] TPP pressure

Some trade-related agencies and businesses in South Korea seem to be ill at ease over the nation’s absence from talks for the Obama administration-initiated Trans-Pacific Partnership, a kind of regional economic bloc. Concerns are being raised after 12 potential members — including Japa...

Updated : 2016.02.05 15:00

[Editorial] North Korea ups the ante

North Korea has demonstrated its determination to up the ante in its confrontation with the United States and the world community by deciding to push ahead with a long-range missile test later this month. The North has notified international maritime and telecommunications agencies of its...

Updated : 2016.02.04 17:18

[Editorial] Performance culture

As part of its labor reform campaign, the government is set to launch a drive aimed at transforming the wage systems of domestic financial institutions. As a first step, the Financial Services Commission is pushing to introduce performance-based pay to the nine state-invested financial ins...

Updated : 2016.02.04 17:17

[Editorial] Enemy within

On Tuesday, Rep. Ahn Cheol-soo and his supporters officially launched the People’s Party, a breakaway group from The Minjoo Party of Korea, the main opposition party.  The party put forward many nice words -- like political reform, politics for the people and a healthy and strong third p...

Updated : 2016.02.03 17:45

[Editorial] Caviar bill

It is not rare for our public officials and executives of commercial firms to use their corporate cards for wrong purposes. Yet the case of the former CEO of Arirang TV-Radio channel leaves us speechless.  Bang Suk-ho stepped down as CEO of the nation’s sole English-language channel afte...

Updated : 2016.02.03 17:44

[Editorial] Shady conglomerate

A revelation from the Fair Trade Commission on Lotte Group is embarrassing the public again, following last year’s feud between the group founder’s two sons over taking the reins of the conglomerate. A noteworthy point was that founder Shin Kyuk-ho and his friendly powers — including f...

Updated : 2016.02.02 18:15

[Editorial] Upgrade legal services

South Korea is destined to open up its legal services market as mandated by the free trade agreements with the European Union and U.S. -- which took effect in July 2011 and March 2012, respectively -- within five years of their implementation. Last month, the issue came to the fore again ...

Updated : 2016.02.02 18:14

[Editorial] Same kind of politics

First thing that Kim Jong-in did after he became the interim leader of the main opposition party Thursday was to breach a bipartisan agreement.  The Minjoo Party of Korea agreed with the ruling Saenuri Party on Jan. 23 to pass two bills, one on revitalizing the economy and the other on N...

Updated : 2016.02.01 17:05