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The Korea Herald > Opinion > Editorial

[Editorial] Budget focus

Finance Minister Yoo Il-ho has stressed that policymakers will put job creation on the front burner in managing the 2017 budget, which features a 10.7 percent growth in allocation for the job creation segment.The budget for boosting employment is 17.5 trillion won ($15.6 billion), aimed at...

Updated : 2016.08.31 16:48

[Editorial] Owner’s retreat

Creditors have decided not to bail out the debt-saddled Hanjin Shipping, a main unit of Hanjin Group. In the wake of the banking sector’s rejection of the rescue fund, the nation’s largest container shipping firm will be pressured by the financial regulator to dispose of its viable asset...

Updated : 2016.08.31 16:47

[Editorial] Hydrogen vehicles

The government and a group of automobile and energy companies have teamed up to promote hydrogen-powered vehicles. They launched the Hydrogen Fusion Alliance last week to make more effort in putting more hydrogen vehicles on the road and building the infrastructure needed.Leading the allia...

Updated : 2016.08.30 16:30

[Editorial] No more gridlock

The 20th National Assembly is to open its first 100-day regular session Thursday. Before the session opens, it seems appropriate to remind legislators of the message that Korean voters delivered to political parties through the April general election.The election replaced a two-party syste...

Updated : 2016.08.30 16:30

[Editorial] Tripartite ties

Culture ministers from South Korea, China and Japan have agreed to work together to coordinate cultural activities throughout the upcoming Olympic Games in East Asia. The three countries will hold non-sport events -- dubbed the “Culture Olympics” -- during the 2018 PyeongChang Winter Oly...

Updated : 2016.08.29 16:43

[Editorial] Currency swap

The currency swap between South Korea and Japan will likely resume in the coming months as the two countries’ finance ministers reached a consensus on Saturday to promptly start negotiations on the bilateral financial pact.The two countries’ previous currency swap deal expired in Februar...

Updated : 2016.08.29 16:42

[Editorial] Seoul-Moscow ties

South Korea and Russia are set to reinforce government- and business-level cooperation on Moscow’s plans to develop the Russian Far East.Russia plans to support Korean firms investing into its projects to build cold storage facilities and modernize harbors in Vladivostok, according to the...

Updated : 2016.08.28 16:39

[Editorial] Debt and rates

South Korea’s combined household debt was at an all-time high of 1.25 quadrillion won ($1.12 trillion) as of June 2016, and is projected to reached a fresh record during the third quarter of this year.While there is a possibility the nation’s consumer debt will exceed the 1.3 quadrillion...

Updated : 2016.08.28 16:38

[Editorial] Too big a loophole

The astounding gender discrimination case at the liquor-maker Kumbokju should remind all -- labor and rights officials, civic groups as well as law-enforcement authorities -- that South Korea still has a long way to go to get rid of this social ill. The Daegu-based distiller had shocked th...

Updated : 2016.08.26 16:14

[Editorial] Mapping out compromise

The government’s decision to put off its verdict on Google’s request to allow the transfer of Korean digital map data to its overseas servers illustrates the tricky nature of the issue. A pan-government committee reviewing the case said that it needed more time to discuss the issue -- am...

Updated : 2016.08.26 16:13

[Editorial] Comical twist

The scandal surrounding Woo Byung-woo, the senior presidential secretary for civil affairs, exposes the foolishness of President Park Geun-hye and her administration. The prosecution has launched an investigation into Woo, as requested by the independent inspector general, Lee Suk-su, who ...

Updated : 2016.08.25 16:40

[Editorial] Near implosion?

President Park Geun-hye’s policy on North Korea -- and more broadly, unification -- has been built on “trustpolitik,” which calls for the two Koreas to build trust through engagement and cooperation so that they can eventually achieve unity. The president’s flagship policy, however, ha...

Updated : 2016.08.25 16:39

[Editorial] Food safety

The government’s 5.6 trillion-won ($5 billion) free school meals scheme has been found to be supplying improper lunches to many of the nation’s 6.14 million students.A government task force inspected between April and July some 2,400 food suppliers and lunch operators and visited 274 of ...

Updated : 2016.08.24 16:27

[Editorial] Political gridlock

Escalating inter-party hostility threatens to kill the 11 trillion-won ($9.7 billion) extra budget bill, which is intended to ease the pain of corporate restructuring and stimulate the sluggish economy.The ruling Saenuri Party, the main opposition The Minjoo Party of Korea and the minor op...

Updated : 2016.08.24 16:27

[Editorial] Similar path

The leadership race of The Minjoo Party of Korea is following the path taken by the ruling Saenuri Party, which in its recent leadership contest ended up consolidating the hegemonic power of its mainstream faction that is largely unpopular outside the party. None of the Minjoo candidates —...

Updated : 2016.08.23 16:25