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Opinion

Editorial

Fri, July 1, 2022 | 08:00

SsangYong's restart

A local bankruptcy court approved SsangYong Motor's decision to select a consortium led by KG Group as the final bidder for the debt-stricken automaker on Tuesday. The approval came a year after SsangYong's creditors put the troubled carmaker on the block. The acquisition price is about 950 billion won ($732 million), including funds for the company's stable operation. SsangY...

2022-06-30 17:00

Crucial trilateral summit

Leaders of South Korea, the United States and Japan got together in Madrid, Spain, on Wednesday and agreed to make combined efforts to jointly tackle the growing threats posed by North Korea. They also concurred on the need to fortify three-way security, economic cooperation and U.S. extended deterrence for the allies.

Shim Jae-yun2022-06-30 17:00

Legislative dictatorship

The main opposition Democratic Party of Korea (DPK) is taking flak for seeking to convene an extra National Assembly session to elect its new speaker unilaterally. The DPK is poised to open the session in July unless there is progress in negotiations with the ruling People Power Party (PPP) to end the current impasse.

Shim Jae-yun2022-06-29 17:00

Stamp out plagiarism

An artificial intelligence (AI) research team at Seoul National University is facing allegations of plagiarism involving a thesis it presented to an international conference. Professor Yoon Sung-roh of the Department of Electrical and Computer Engineering at SNU, the correspondent author, admitted to submitting a plagiarized paper and apologized. The nation's top university b...

2022-06-29 16:53

Hasty police reform

The Ministry of the Interior and Safety is drawing a strong backlash from police officers over its push for police reform aimed at taking direct control of the law enforcement agency. On Monday, Interior and Safety Minister Lee Sang-min announced a plan to set up a police bureau at the ministry as early as next month. He stressed the need for such a bureau to better supervise...

Park Yoon-bae2022-06-28 17:06

Too small a hike

The government raised the adjusted unit fuel cost - a key element of the nation's electricity rates - by 5 won per kilowatt-hour for the third quarter on Monday. The raised power rates will go into effect Friday, costing about 1,535 won ($1.20) more a month on average for a four-member family.

2022-06-28 16:57

Diplomatic test for Yoon

President Yoon Suk-yeol will make his multilateral diplomatic debut when he attends a NATO summit in Madrid, Spain, June 29 and 30. Yet he needs to take a pragmatic, but careful approach toward security cooperation with NATO as the summit offers both opportunities and challenges for Korea.

Park Yoon-bae2022-06-27 17:05

Uproot voice phishing

The Supreme Prosecutors' Office (SPO) announced last week that it will launch a joint investigation team to eradicate voice phishing scams that caused losses of more than 700 billion won ($543 million) last year alone. The SPO said it will form the team with such relevant agencies as the National Police Agency, the Financial Services Commission and the National Tax Service.

2022-06-27 16:55

Lack of coordination

President Yoon Suk-yeol cannot avoid criticism for causing controversy over his government's decision-making process on the flexible application of the 52-hour workweek system. Controversy erupted last Friday, one day after Labor Minister Lee Jeong-sik announced a policy direction to make the rigid workweek more flexible as part of labor reforms.

Park Yoon-bae2022-06-26 17:03

Worrying national debt

One of the Yoon Suk-yeol administration's key economic policies is bold tax cuts. For starters, it plans to slash the top corporate tax rate by 3 percent, lower the property holding tax for owners of only one home to the 2020 level and reduce the stock transaction tax by 0.03 percent.

2022-06-26 17:00

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