KoreaTimes(202) - Editorial, Opinion, page 7

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Opinion

Editorial

Sat, May 15, 2021 | 05:38

LG's exit from mobile biz

LG Electronics has decided to pull out of the mobile phone business after recording losses for 23 consecutive quarters. Twenty-six years after LG set foot in the mobile handset industry, the company is withdrawing under the weight of nearly 5 trillion won ($4.4 billion) in accumulated losses. The smartphone sector has enormous strategic value as the hub of a hyper-connected s...

2021-04-06 17:24

Looming danger of debt

The country's national debt has increased to its highest level, driven by the unprecedented public health crisis. The Ministry of Economy and Finance said Tuesday that the national debt, comprised of bond issuances and borrowing by central and local governments, hit a record 846.9 trillion won ($750.5 billion) as of the end of last year, up 17.1 percent from 2019.

Park Yoon-bae2021-04-06 17:24

VIP treatment for suspect

Kim Jin-wook, head of the Corruption Investigation Office for High-ranking Officials (CIO), is under fire for offering his official car to Lee Sung-yoon, chief of the Seoul Central District Prosecutors' Office, to help the latter secretly enter his office in Gwacheon, south of Seoul, for questioning as a suspect.

Park Yoon-bae | 2021-04-05 17:22

Keep diplomatic balance

China needs to play a more active role in denuclearizing North Korea and facilitating peace and stability on the Korean Peninsula. The Asian giant is certainly the only country that can still exercise influence over the North on key issues. That's why Seoul is trying to enlist cooperation from Beijing to resume stalled denuclearization talks between Pyongyang and Washington a...

2021-04-04 17:58

Signs of inflation

The signs of inflation are alarming. According to Statistics Korea, the consumer price index rose 1.5 percent year-on-year in March, marking the largest gain in 14 months since January last year. Prices of agricultural, livestock and fisheries products, which have spearheaded the recent price rise by soaring 16.2 percent in February, jumped 13.7 percent in March. The upward t...

2021-04-04 17:57

Stop hate crimes against Asian Americans

Amid rising attacks on people of Asian descent in the United States, the entire Asian American and Pacific Islander (AAPI) community, including Korean Americans, has been increasingly vulnerable to safety threats. U.S. President Joe Biden Tuesday denounced the hate crimes by saying, “We can't be silent in the face of rising violence against Asian Americans.'' Stressing that t...

2021-04-02 17:12

Populist campaign promises

The ruling Democratic Party of Korea (DPK) has gone too far in making populist campaign promises in its bid to woo voters ahead of the April 7 mayoral by-elections in Seoul and Busan. Such promises are not simply unrealistic, but also run counter to policy directions of the party and the Moon Jae-in administration.

Park Yoon-bae2021-04-01 17:14

Sell-off of chipmaker

Magnachip Semiconductor said it will be acquired by Wise Road Capital, a Chinese private equity fund, for about $1.4 billion. Magnachip was spun off in 2004 from Hynix Semiconductor, currently SK hynix, the world's second-largest maker of DRAM chips. The company's flagship product is the OLED (organic light-emitting diode) display driver integrated circuit (DDI). In the marke...

2021-04-01 17:13

Looming vaccine 'drought'

South Korea is hitting a snag in securing enough COVID-19 vaccine at a time when competition for vaccinations is heating up around the world. The health authorities have raised concerns that this looming vaccine “drought” may hamper the country's inoculation plan that envisions administering vaccines to 12 million people in the first half of the year and having more than 70 p...

2021-03-31 17:32

Stop making false claims

The Japanese government has again come under criticism for approving school textbooks making territorial claims to South Korea's easternmost islets of Dokdo. Japan's education ministry approved 30 social studies textbooks and six small atlases for first year high school students Tuesday. Most of the textbooks describe Dokdo as “Japan's indigenous territory” that is illegally ...

Shim Jae-yun2021-03-31 17:32

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