KoreaTimes(202) - Editorial, Opinion, page 9

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Opinion

Editorial

Mon, May 10, 2021 | 16:43

Turbulent e-commerce market

Portal operator Naver and retailer Shinsegae have formed a strategic alliance, heralding a seismic change in Korea's e-commerce market. On Tuesday, the two companies agreed to a share swap deal valued at 250 billion won ($221 million). Naver is an online platform giant, and Shinsegae is a top offline retailer and distributor.

2021-03-18 17:00

Flawed circulation audits

The actual number of paid-for newspapers is much smaller than the audited circulation figures announced annually by the Korea Audit Bureau of Certification (ABC), the Ministry of Culture, Sports and Tourism said in a report released Tuesday after it conducted a sampling survey on three national dailies. The average ratio of paid copies to circulation reported was 63 percent, ...

2021-03-17 16:49

Stop provocative acts

North Korea has come under criticism for repeating its outdated hostile rhetoric against South Korea and the United States. While denouncing the springtime joint military drill between Seoul and Washington, Kim Yo-jong, the sister of North Korean leader Kim Jong-un, warned of the possible collapse of inter-Korean relations Tuesday.

Shim Jae-yun2021-03-17 16:49

'Tax bombshell'

Government-assessed housing prices have surged this year, raising concerns about a far greater tax burden on homeowners, especially those with only one home who are facing higher property taxes. So there are growing calls to ease the tax burden on those possessing a single home who are not engaged in any form of real estate speculation.

Park Yoon-bae2021-03-16 16:57

Lending rate shock

A recent report has illustrated how severe the impact of a rise in lending rates will be on households and the self-employed here. According to data released by the Bank of Korea, a 1 percentage point hike in the interest rate increases households' aggregate interest payments by 11.8 trillion won ($10.4 billion); while the self-employed will have to pay 5.2 trillion more in i...

2021-03-16 16:50

Warning over Fukushima water

A group of U.N. experts has issued a warning to the Japanese government over its controversial plan to dump contaminated water from the Fukushima nuclear plant into the Pacific. “Contaminated water still remaining at the plant poses major environmental and human rights risks and any decision to discharge it into the Pacific Ocean cannot be an acceptable solution,” the experts...

Park Yoon-bae2021-03-15 16:59

Trilateral cooperation

The U.S. State Department emphasized the importance of cooperation with South Korea and Japan in dealing with North Korea as Secretary of State Antony Blinken embarked on his visit to Asia, Monday. Blinken is thus expected to discuss ways of solidifying the trilateral alliance during his visits to Seoul and Tokyo. On Sunday, the department said in a statement, “No relationshi...

Shim Jae-yun2021-03-15 16:59

Loss of public trust

Land, Infrastructure and Transport Minister Byeon Chang-heum offered to resign over the mounting land speculation scandal involving a state housing developer Friday. President Moon Jae-in expressed his willingness to accept Byeon's resignation, but not immediately.

Park Yoon-bae2021-03-14 17:05

Coupang's successful US debut

Coupang made a successful debut on the New York Stock Exchange last Thursday. The Korean e-commerce giant's shares closed the day's trading at $49.25, up 40.71 percent from its initial public offering price of $35. The company's aggregate market value amounted to $88.65 billion (100.7 trillion won), becoming the largest-scale IPO on the NYSE by a foreign company since Alibaba...

2021-03-14 17:03

Declining competitiveness

It is appalling that Seoul Metropolitan City's global competitiveness has continued to decline sharply over the past five years. According to A.T. Kearney, an international consulting firm based in the United States, Seoul's global ranking slipped from 11th place among 150 cities around the world in 2015 to 17th last year. Most worrying is the fact that the capital city's ran...

Shim Jae-yun2021-03-12 17:00

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