Ha Ji-won outshines U.S. muses at TROA event

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[Editorial] Employment policy

Government figures showed this week the number of self-employed individuals and irregular workers has been rising continuously. This trend raises the need for government officials to review their existing employment policy and work out measures to enhance job stability.The number of self-e...

Updated : 2014.10.30 20:46

[Editorial] Debt management

In her address to the National Assembly on Wednesday, President Park Geun-hye called for legislative support for her efforts to revitalize the country’s sluggish economy. She said her administration would risk further piling up fiscal deficits to spend money needed to pull the economy out...

Updated : 2014.10.30 20:45

[Editorial] Pork-barrel squandering

The four-river development project pushed during the Lee Myung-bak administration is a typical pork-barrel project motivated more by politics than by economic and policy considerations. The project consumed a huge amount of taxpayers’ money ― 22 trillion won ― mainly because it was a pe...

Updated : 2014.10.29 20:58

[Editorial] Nuke threat looms larger

A report that North Korea is believed to have the capability to deliver a small nuclear warhead on a missile should be a wake-up call to President Park Geun-hye. This is all the more so because these days Park seems more concerned with improving ties with North Korea than with dealing with...

Updated : 2014.10.29 20:58

[Editorial] Reassessing balloons

Balloons containing anti-North Korean leaflets sent across the border have become a contentious issue not only in inter-Korean relations but also among South Koreans.Members of a conservative group that gathered at Imjingak near the Demilitarized Zone on Saturday to send balloons containin...

Updated : 2014.10.28 20:53

[Editorial] Difficult decision

The families of the 10 Sewol victims who remained missing as of Sunday took the courageous step of discussing whether the recovery efforts should be continued.The families agreed to vote on whether to allow the salvage operation to start, requiring a two-thirds majority, or six votes in fa...

Updated : 2014.10.28 20:53

[Editorial] Middle class sentiment

Nearly 75 percent of Koreans considered themselves middle class in 1989, a year after the country hosted the Summer Olympic Games in Seoul. The number plummeted to 20.2 percent last year, according to government surveys.Over the cited period, Korea’s per capita gross national income jumpe...

Updated : 2014.10.27 20:06

[Editorial] Sluggish economy

Bank of Korea Gov. Lee Ju-yeol held a rare breakfast meeting with a group of top corporate executives Friday to call for more investment. He noted that lowering the base rate earlier this month was partly aimed at bolstering growth and hoped that the measure would help businesses increase ...

Updated : 2014.10.27 20:06

[Editorial] Realistic security

Relying on a friend or neighbor for your own security is not something to be proud of. Yet, the decision to delay Seoul’s takeover of the wartime operational control of its troops from the U.S. seems rational given the current security situation on the peninsula, notably the growing nucle...

Updated : 2014.10.26 21:03

[Editorial] Timing is important

The government and the parties are accelerating their push to reform the deficit-ridden pension system for government workers. The ruling and opposition parties have each launched a task force, which they said would hold joint meetings if necessary. The strongest push comes from the govern...

Updated : 2014.10.26 21:03

[Editorial] Revenue shortfall

Government data this week showed Korea’s tax collection continuing to fall below target this year amid a prolonged economic slump.In the first eight months of this year, the government collected 136.6 trillion won ($129.3 billion) in national taxes, down 300 billion won from a year earlie...

Updated : 2014.10.24 17:06

[Editorial] Talk gone too far?

South Korean officials appear somewhat taken aback by the remark by U.S. Secretary of State John Kerry that the U.S. is prepared to reduce its military presence in Asia if North Korea rejoins nuclear talks and follows through on its denuclearization commitment.Kerry made the comment in Ber...

Updated : 2014.10.24 17:06

[Editorial] More than a gesture

North Korea has released one of three American citizens it had in confinement. Although Pyongyang did not give any indication of the fate of the other two American detainees, the release of Jeffrey Edward Fowle is seen as a gesture of goodwill toward the U.S. and the international communit...

Updated : 2014.10.23 20:44

[Editorial] Our ill-armed military

Defense acquisition is vulnerable to corruption around the world, largely due to collusive links between the military and contractors. Korea is no exception, and we are accustomed to news reports about corruption involving procurement of arms and military equipment. Nevertheless, the seemi...

Updated : 2014.10.23 20:44

[Editorial] History repeats itself

At a casual glance, the recent string of events on the Korean Peninsula is puzzling. However, if we heed the notion that there is a method to North Korea’s madness, the events of the last few weeks pertaining to Pyongyang and Seoul are no longer an enigma.It began with the unexpected visi...

Updated : 2014.10.22 19:35