search close
Fri, September 22, 2023 | 21:09
Faltering car industry
It is likely that Korea will cede its status as the world’s fifth-biggest carmaker to India this year. According to the Korea Automobile Manufacturers Association (KAMA), Korea produced about 2.55 million cars in the first seven months of the year. India’s car output, in contrast, surpassed 2.57 million.
Another scandal
Another potentially explosive scandal is hitting the ruling camp. This time, it involves another alleged confidant of President Park Geun-hye who used her influence to establish foundations with massive funding from conglomerates.
Incomprehensible walkout
Union workers in the public and finance sectors are poised to go on strike this week to protest the government's push to expand the performance-based wage system. On Thursday, about 10,000 members of the Federation of Korean Public Industry Trade Unions plan to hold a rally in front of Seoul Station. The Korean Financial Industry Union will follow suit, demanding the government drop the new wage system. Next week, railway and subway workers and hospital union members will join the strike.
Combating NK nukes
The top diplomats of South Korea, the United States and Japan have called for stronger international pressure on North Korea in response to Pyongyang's fifth nuclear test, Sept. 9. In a joint statement after their meeting in New York, Sunday, the three countries said they “explored ways to work together’’ to ensure countries fully implement existing U.N. sanctions on the North. They also discussed work in the Security Council to tighten the sanctions and the possibility of taking measures of their own to restrict revenue sources for Pyongyang's nuclear and missile programs.
Spur steel restructuring
A report has created a stir over the Chuseok holiday by proposing that three out of the country's seven steel plants producing thick plates be shut down - one this year and two others gradually. The report, prepared by Boston Consulting Group at the request of the Korea Iron & Steel Association, called for cutting the annual output of thick plates by 4 to 5 million tons from the current 12 million tons being manufactured. This means that one of the three leading steel companies - POSCO, Hyundai Steel and Dongkuk Steel Mill - might have to give up producing thick plates needed mainly to make ...
Poles apart on security
Monday’s meeting between President Park Geun-hye and the heads of the ruling and opposition parties ended without any meaningful results. The participants concurred only on condemning Pyongyang's escalating nuclear brinkmanship but disagreed on how to react to the North’s nuclear tests, including the issue of deploying a U.S.-made missile defense system here.
What China should do
Since North Korea's fifth nuclear test, Friday, the world is looking to China again as the only country that can thwart the reclusive state's nuclear ambitions. In a statement released hours after the North's allegedly successful test, China's Foreign Ministry “firmly opposed" it. The statement also urged Pyongyang to “honor its commitment to denuclearization, comply with the relevant (U.N.) Security Council resolutions and stop taking any actions that worsen the situation.’’
Improving human rights
A law intended to improve human rights conditions in North Korea went into effect Sunday after 11 years of partisan wrangling. The law might be belated, considering that the United States and Japan began to enforce similar laws in 2004 and 2006, respectively.
Time to talk
Rep. Choo Mi-ae, the new leader of the main opposition Minjoo Party of Korea (MPK), devoted much of her speech Tuesday to economic matters, especially citizens’ livelihoods.
Corrupt legal circles
A spate of corruption cases involving judges, prosecutors and lawyers is prompting huge public resentment. The Supreme Prosecutors’ Office has confirmed allegations that an incumbent prosecutor received kickbacks from a businessman who was his middle and high school classmate. The senior prosecutor, surnamed Kim, is suspected of taking 15 million won ($13,500) from the businessman who was on the wanted list for his alleged embezzlement and fraud.
123 4 5678910