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Wed, August 15, 2018 | 09:04

Opinion > Editorial >

Hope for breakthrough

The two Koreas have agreed to hold the third summit between Moon Jae-in and Kim Jong-un in Pyongyang next month. The agreement is raising expectations that the summitry will break a stalemate in negotiations between North Korea and the United States over how to denuclearize the North.

Editorial | 2018-08-14 16:59

Expectations of farmers

New Agriculture, Food and Rural Affairs Minister Lee Gae-ho began work last Friday, ending five months of an administrative vacuum. Farmers' expectations of Lee are high, as the new minister has executed agricultural policy over the past three decades at both central and provincial governments.

Editorial | 2018-08-14 16:20

Record tax revenue

It may be good news that the national tax revenue hit a record high of 157.2 trillion won ($138.6 billion) in the first half of the year. The total represents a 13.9 percent rise from 137.9 trillion won a year earlier.

Editorial | 2018-08-13 16:59

Policy shift required

Without removing complex and cumbersome regulations deterring the inflow of new technology, the economy will face a bleak future. One such regulation is a rule on banning nonfinancial institutions from owning more than a 4 percent stake in a bank's voting stock.

Editorial | 2018-08-13 16:20

Violation of sanctions

The Moon Jae-in government has laid bare the truth about allegations that North Korea exported coal to South Korea after transshipping it at Russian ports. Three domestic trading firms brought in 35,038 tons of North Korean coal and pig iron worth 6.6 billion won ($5.86 million) in seven shipments between April and October last year.

Editorial | 2018-08-12 16:40

The government is considering measures to ensure the sustainable operation of the National Pension Fund, which could run out of money faster than predicted.

Editorial | 2018-08-12 16:20

President's woes

President Moon Jae-in's approval rating has plummeted to a record low since he took office in May 2017, reflecting the people's mounting disappointment in his administration.

Editorial | 2018-08-10 16:56

Catalyst for deregulation

Politicians are stepping up efforts to relax regulations on internet-only banks, by easing the rule that keeps nonfinancial companies from holding controlling stakes in financial firms.

Editorial | 2018-08-10 13:59

'Special activity funds'

Assembly produces half-baked measures for transparency The National Assembly is under fire for its insufficient response to mounting calls for reform of the so-called "special activity funds" for lawmakers.Floor leaders Hong Young-pyo of the ruling Democratic Party of Korea (DPK), Kim Sung-tae of the Liberty Korea Party (LKP) and Kim Kwan-young of the Bareunmirae Party (BMP) got together Wednesday to discuss ways to promote the transparency of the special allowance. The meeting came amid heavy criticism of lawmakers for abusing the funds that are supposed to be used to assist them in their o...

Editorial | 2018-08-09 17:30

Massive investment

Samsung Electronics unveiled a much-anticipated investment and employment plan Wednesday. The tech giant will spend 180 trillion won ($161 billion) and hire 40,000 workers over the next three years, helping to reinvigorate the sluggish economy and develop new growth engines for both Samsung and Korea Inc.

Editorial | 2018-08-09 16:20

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California wildfires