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Opinion

Editorial

Sun, August 25, 2019 | 11:22

Point of no return

South Korea and Japan appear to be approaching the point of no return in their confrontation over wartime forced labor and the ensuing trade row. Concerns are growing over the developments, which could put both sides on a head-on collision course.

Park Yoon-bae2019-07-19 17:00

Localization drive

Korea's top economic policymaker has expressed determination to localize essential materials, parts and equipment as soon as possible. “To cope with Japan's export restrictions, the government will work out measures to strengthen the competitiveness of key materials, parts and equipment this month, and give speed to their localization,” Minister of Economy and Finance Hong Na...

Park Yoon-bae2019-07-19 16:20

New strategy needed

The Bank of Korea (BOK) lowered its key interest rate by 0.25 percentage points to 1.5 percent Thursday. The rate cut comes at a time when the economy is continuing to slump due to a prolonged downturn in exports and facility investment.

Park Yoon-bae2019-07-18 17:30

Half-baked reform

The Moon Jae-in administration has come up with a proposal to reform the taxi industry by mediating conflicts between conventional taxi service providers and new mobility platform operators. The plan comes as the result of protracted efforts by bureaucrats, politicians and businesspeople, but has failed to attain its initial goals, yielding to the strong resistance from exist...

Park Yoon-bae2019-07-18 17:29

North Korea's absurd demand

North Korea has hinted that it could boycott the envisioned working-level nuclear talks with the United States if the latter goes ahead with a planned joint military exercise with South Korea. This kind of tactic - using the joint drills as an excuse to justify future actions - is nothing new. But this time it needs to step back and see what the planned drill is about.

Na Jeong-ju2019-07-17 17:20

Prevent workplace bullying

Bullying in the workplace is not something that started just yesterday. The persistent pattern of mistreatment mostly by someone with authority over workers, however, has been left unattended, so far, unlike the typical school bullying.

Park Yoon-bae2019-07-17 17:20

No emotional reaction

President Moon Jae-in's strong rhetoric against Japan on Monday reflected his firm determination not to yield to the neighboring country's apparent economic retaliation over wartime forced labor issues. Moon appeared to deliver a strong message to Tokyo that the Shinzo Abe administration cannot win a trade war.

Park Yoon-bae2019-07-16 17:10

Fintech innovation

The number of people who have Kakao Bank accounts has exceeded 10 million, according to Korea's second internet-only bank, Thursday. The bank, which opened July 27, 2017, has attracted one in five Koreans as a customer in just two years. Kakao Bank's customer number far exceeds the 7.32 million of Rakuten, a Japanese internet-only bank launched in 2001.

Park Yoon-bae2019-07-16 16:37

One voice against Japan

Main opposition Liberty Korea Party (LKP) Chairman Hwang Kyo-ahn proposed “any form of dialogue” with President Moon Jae-in, Monday, to discuss countermeasures to the economic retaliation recently imposed by Japan against a Supreme Court ruling made here. Ruling Democratic Party of Korea (DPK) Chairman Lee Hae-chan welcomed Hwang's proposal immediately, indicating future talk...

Na Jeong-ju2019-07-15 17:44

Military in trouble

A recent series of incidents that have undermined military alertness testify to the seriousness of our armed forces' indiscipline and loopholes in our national security system. It is no wonder that the defense minister and the top bass of the military have been called to account before it is too late.

Park Yoon-bae2019-07-15 17:43

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