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Opinion

Editorial

Wed, April 14, 2021 | 08:03

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

Korean shipbuilders' revival

Korean shipbuilders regained the No. 1 spot in the world after pulling off a 10-fold increase in the number of orders won in the first quarter of the year compared to 2020. They received 5.32 million compensated gross tons (CGTs) in new orders for 126 ships in the first three months, accounting for 52 percent of the global total of 1,024 CGTs for 323 vessels and beating out t...

2021-04-08 17:30

North's Olympic decision

North Korea has decided not to attend the Tokyo Summer Olympics set to commence July 23, virtually ending the Moon Jae-in administration's bid to utilize the sporting event as an opportunity to revitalize his peace initiative on the Korean Peninsula. The North's Olympic Committee cited the need to protect players from the persistent COVID-19 pandemic.

Shim Jae-yun2021-04-07 17:05

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