KoreaTimes(202) - Editorial, Opinion, page 1

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Opinion

Editorial

Wed, April 14, 2021 | 23:48

Global chip battle

U.S. President Joe Biden has stressed the importance of the semiconductor industry and pledged to make huge investments in the area. During a virtual meeting hosted by the White House, Monday, Biden said, “We're investing aggressively in areas like semiconductors and batteries; that is what they're doing and others, so must we.”

Shim Jae-yun2021-04-14 17:11

Prioritize coronavirus fight

New Seoul Mayor Oh Se-hoon is pushing ahead with the city's own quarantine measures, saying the current anti-coronavirus restrictions have failed to address people's livelihoods. The move comes amid growing complaints from small business owners reeling from financial woes owing to the central government's uniform social distancing regulations.

2021-04-14 17:11

Retract wrong decision

Japan said Tuesday that it has decided to release more than 1 million tons of treated radioactive water from the wrecked Fukushima nuclear plant into the Pacific Ocean. The release seems inevitable on the part of Japan; but is drawing a furious reaction from neighboring countries such as South Korea and China due to safety concerns.

Park Yoon-bae2021-04-13 17:03

Growing need for carbon tax

Four government ministries, including the Ministry of Economy and Finance, have recently requested the Korea Institute of Public Finance to conduct research into how to put a dollar value on carbon emissions. Industry watchers say the Moon Jae-in administration, which has declared achieving carbon neutrality by 2050, seems to have taken the first steps toward introducing a ca...

2021-04-13 17:03

'Win-win' battery deal

LG Energy Solution and SK Innovation agreed Sunday to settle a dispute over the theft of trade secrets, ending the two-year-long legal battle. The agreement is welcome, though belated. It will benefit all relevant parties, including the respective Korean companies. It is also a win for the U.S. administration of President Joe Biden.

Shim Jae-yun2021-04-12 17:17

First domestic fighter jet

South Korea unveiled a prototype of its first domestically developed supersonic fighter jet, Friday, joining an elite group of global aerospace manufacturers. In a ceremony held in the southeastern city of Sacheon, President Moon Jae-in hailed the rollout of the twin-engine fighter, dubbed the KF-21 and named Boramae (hawk), saying, “A new era in independent national defense ...

2021-04-12 17:16

Semiconductor shortage

The world is suffering an increasingly acute shortage of semiconductors, particularly for automotive use. South Korea is no exception. That's why Industry Minister Sung Yun-mo has promised to work out measures to address the shortfall.

Park Yoon-bae2021-04-11 18:00

Setting bad precedent

The National Pension Service (NPS)'s fund operation committee decided Friday to raise the share ceiling for its “strategic investments” in local stocks. The latest decision will raise the cap for the portion of the NPS' investment in local stocks to 19.8 percent of the entire portfolio from the current 18.8 percent. The move will likely slow the pension fund's selling spree o...

2021-04-11 17:59

Housing policy coordination

Oh Se-hoon took office as the new Seoul mayor Thursday, so all eyes are turning to which housing policies he will come up with. As one of his main campaign pledges, Oh pledged to speed up deregulation to provide 185,000 houses in the next five years by invigorating the private sector-led reconstruction and redevelopment of urban areas.

Shim Jae-yun2021-04-09 17:18

Opposition's landslide victory

The main opposition People Power Party (PPP) won a landslide victory in Wednesday's mayoral by-elections in Seoul and Busan, dealing a fatal blow to the ruling Democratic Party of Korea (DPK). The outcome was a direct result of the arrogance, self-righteousness, hypocrisy and incompetence that have characterized the Moon Jae-in administration and the DPK over the last four ye...

Park Yoon-bae2021-04-08 17:30

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