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Opinion

Editorial

Fri, July 19, 2019 | 00:44

The price of delay

The trade row between the United States and China as well as Japan's economic retaliatory measures have overshadowed the Korean economy. There is another major downside risk - possible trade friction with the European Union.

Na Jeong-ju2019-07-07 17:11

Battle of pride?

Seoul is considering taking “corresponding” measures against Tokyo's export restrictions, triggered by a South Korean court's ruling on forced labor during the colonial era. President Moon Jae-in plans to hold a meeting this week with chief executives of conglomerates, including Samsung, SK, Hyundai and LG, which are directly affected by the economic retaliation.

Na Jeong-ju2019-07-07 15:55

Abe's trade war

Japanese Prime Minister Shinzo Abe has pulled the trigger on a trade war against South Korea in an apparent retaliation over a diplomatic dispute related to wartime forced labor. On Thursday, Tokyo took its first step: tightening regulations on exports of three key materials Korean firms need to manufacture memory chips and display panels.

Park Yoon-bae2019-07-05 16:59

Set companies free

Korea Chamber of Commerce and Industry Chairman Park Yong-maan has vented his frustration with the reality facing domestic businesses confined by numerous regulations. “New industries are already stuck in a jungle of regulations, but new regulations are being made continuously,” the KCCI head said on Facebook.

Park Yoon-bae2019-07-05 16:30

Lingering questions

N. Korean boat case reflects loosened surveillance Defense Minister Jeong Kyeong-doo admitted the failure of surveillance on the east coast during a press conference, Wednesday, to announce the results of a government investigation into the undetected arrival of a small wooden North Korean boat at Samcheok Port.What if North Korean commandos were on it? We have to imagine thi...

Na Jeong-ju2019-07-04 18:31

Abe's absurd assertions

Japanese Prime Minister Shinzo Abe has insisted his government's export restrictions on semiconductor materials to Korea conform to World Trade Organization rules and do not breach free trade principles. “The Korean government has altered the measures it had implemented based on trust between nations,” Abe said in an interview with the Yomiuri Shimbun, Tuesday. “Our move is i...

Park Yoon-bae2019-07-04 16:20

Bleaker growth outlook

No one likes to see the country's economic growth forecast go down. But on Wednesday, the government lowered this year's projection by 0.2 percentage points to between 2.4 percent and 2.5 percent. This downward revision was inevitable due to a continued decline in exports and investment.

Park Yoon-bae2019-07-03 17:42

Fiscal health of 'Mooncare'

President Moon Jae-in has boasted of his generous healthcare policy, dubbed “Mooncare.” On Monday he said people have seen their medical bills decreasing since January 2018 thanks to the new plan. According to the Ministry of Health and Welfare, 36 million patients have saved an aggregate of around 2.2 trillion won ($1.9 billion) in combined healthcare bills since then.

Park Yoon-bae2019-07-03 17:40

Return to starting line

The historic meeting between U.S. President Donald Trump and North Korean leader Kim Jong-un at the inter-Korean border, Sunday, has provided fresh momentum for their countries' denuclearization talks.

Na Jeong-ju | 2019-07-02 16:50

Exports in trouble

Warning lights are flashing on the exports front for Korea. In its export-driven economy, outbound shipments account for 55 percent of gross domestic product. However, semiconductors, which represent more than 20 percent of overseas shipments, and other flagship items are faltering, shaking all of Korea Inc. that has grown by selling goods and services abroad.

Park Yoon-bae2019-07-02 16:20

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