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Opinion

Editorial

Thu, December 12, 2019 | 18:02

Do not abuse filibuster

The conservative main opposition Liberty Korea Party (LKP) faces severe criticism for filing to use a filibuster in the National Assembly on all 199 bills awaiting votes. The filing Friday led to the plenary session being postponed with no outstanding bills being dealt with.

2019-12-01 17:11

Widening political scandals

Presidential aides are under investigation over allegations that they interfered in a mayoral election in a bid to help President Moon Jae-in's longtime friend become a successful candidate. The aides deny the allegations. However suspicions are growing that Cheong Wa Dae meddled in last year's local election by getting the police to investigate then Ulsan Mayor Kim Gi-hyeon ...

2019-12-01 17:09

The central bank slashed its outlook for this year's economic growth again Friday, to 2 percent - the fourth downward revision this year. This would be the lowest annual growth in a decade. The Bank of Korea (BOK) said slumping exports as well as weak domestic sales and corporate investment are weighing on Korea Inc.

2019-11-29 16:38

Comprehensive real estate tax

The government began to send out its bills for the comprehensive real estate holding tax to property owners Wednesday last week. Taxpayers appear confused and shocked with far higher amounts compared with the previous year. Especially disgruntled are those homeowners whose property values rose above 900 million won ($763,000) this year as they were slapped with a higher tax r...

2019-11-29 16:37

Bizarre request to US

Main opposition Liberty Korea Party (LKP) floor leader Rep. Na Kyung-won is in the hot seat following media reports that she asked the United States to avoid holding any possible summit with North Korea during the general election in South Korea, scheduled for April 15 next year.

2019-11-28 17:52

Insincere budget review

Concerns are mounting that the Assembly will do a rough-and-ready job - yet again - of examining the government's planned budget for next year. The legal deadline to pass the budget is Dec. 2. However, the review process at the National Assembly Subcommittee on Budgets and Accounts is being delayed because of partisan squabbling. The initial goal of finishing deliberations by...

2019-11-28 17:47

'Truth game' won't work

The latest squabble between Seoul and Tokyo over an agreement on keeping a military intelligence-sharing pact alive does not bode well for their efforts to find a negotiated solution to an ongoing trade and diplomatic row. It has made South Koreans question if Japan is ready to resume dialogue to discuss a potential exit from the dispute.

2019-11-27 18:00

Row over fast-tracked bills

The floor leaders of the three major parties met Tuesday and Wednesday to discuss bills on electoral and prosecutorial reforms that were fast-tracked. But their meetings ended with no agreement.

2019-11-27 17:59

N. Korea's artillery firing

The South Korean military confirmed Tuesday that North Korea conducted an artillery firing drill near the inter-Korean maritime border in the West Sea, Saturday. The exercise clearly violated an inter-Korean military agreement reached Sept. 19 last year to avoid any activities that could heighten tensions along the border. This suggests the Kim Jong-un regime is no longer wil...

2019-11-26 17:25

Falling profitability

Korean companies earned an average 66 won in net profit before corporate taxes for every 1,000 won of sales last year. According to Statistics Korea, the combined sales of 13,144 firms totaled 2,455 trillion won ($2.086 trillion) in 2018, up nearly 5 percent from the previous year. Their net profits, however, stood at 162 trillion won, down more than 6 percent. The situation ...

2019-11-26 17:22

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