KoreaTimes(202) - Editorial, Opinion, page 11

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Opinion

Editorial

Sat, May 15, 2021 | 04:51

Upward growth projection

The Organization for Economic Cooperation and Development (OECD) revised its growth outlook for the Korean economy Tuesday to an annualized 3.3 percent, up from its December estimate of 2.8 percent. The Paris-based club of industrial economies also readjusted its 2021 growth forecast for the global economy to 5.6 percent from the earlier projection of 4.2 percent. It cited th...

Park Yoon-bae | 2021-03-11 17:00

Snowballing national debt

South Korea's national debt has continued to snowball, and according to the Ministry of Finance and Economy (MOFE), Tuesday, it is expected to reach 965.9 trillion won ($84.7 billion) by the end of the year. This estimate includes the first extra budget bill of 2021 which has already been submitted to the National Assembly.

Shim Jae-yun2021-03-10 17:12

Politicians' bad behavior

Two politicians have created a stir by having drinks with a group of more than five acquaintances in violation of the country's COVID-19 social distancing guidelines banning gatherings of five or more people, it was belatedly reported Monday. According to MBC-TV, Rep. Jang Kyung-tae of the ruling Democratic Party of Korea (DPK) and Lee Jun-seok, a former Supreme Council membe...

2021-03-10 17:00

Zero tolerance on speculators

The government has apologized for suspected land speculation by officials at the state-run Korea Land and Housing Corporation (LH), and announced measures to prevent any recurrence. On Tuesday, Prime Minister Chung Sye-kyun expressed his apology for the shocking speculation scandal which has left people feeling disappointed and betrayed. He then vowed to adopt a policy of “ze...

2021-03-09 16:52

Step toward better alliance

Seoul and Washington have reached an agreement on how to share the costs of the upkeep of the U.S. Forces Korea (USFK). It is fortunate that both countries have narrowed their differences and concluded the long-drawn-out negotiations on the issue.

Park Yoon-bae2021-03-09 16:52

Scaled-down combined exercise

South Korea and the United States began a two-day springtime combined military exercise Monday. The Joint Chiefs of Staff (JCS) said the allies decided to scale down the computer-simulated drill, in consideration of the overall circumstances such as the persistent COVID-19 pandemic and appropriate combat readiness. The JCS added they also took into account the need to facilit...

Shim Jae-yun2021-03-08 17:02

Transparent policy-making

The state audit agency has concluded that there were no procedural problems in the Moon Jae-in administration's nuclear phase-out policy. Announcing the results of its inspection Friday, the Board of Audit and Inspection (BAI) said it found no illegalities or procedural flaws in its review.

2021-03-08 17:00

No time for discord

Unification Minister Lee In-young has come under international criticism for questioning whether U.S. and U.N. sanctions on North Korea have been effective in pushing it to denuclearize. He touched off the controversy by saying in a recent interview with the Financial Times that it was time to review the efficacy of such sanctions.

Park Yoon-bae2021-03-07 17:09

'RE100' campaign

The government has decided to introduce the global “RE100” campaign in Korea. The Ministry of Trade, Industry and Energy said about 60 agencies and businesses had indicated they would participate in the so-called “K-RE100” project, Korea's localized rebranding of what is a global drive. The worldwide movement calls for meeting 100 percent of power demand with renewable energy...

2021-03-07 16:35

Controversial resignation

Prosecutor General Yoon Seok-youl resigned Thursday to protest the ruling bloc's campaign to weaken the state prosecution service. In a brief press conference in front of the Supreme Prosecutors' Office he said, “I can no longer see the collapse of justice and common sense which our society has built up for a long time.” He said he would make maximum efforts to safeguard the ...

Shim Jae-yun | 2021-03-05 16:39

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