KoreaTimes(202) - Editorial, Opinion, page 1

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Opinion

Editorial

Sat, April 10, 2021 | 21:27

Housing policy coordination

Oh Se-hoon took office as the new Seoul mayor Thursday, so all eyes are turning to which housing policies he will come up with. As one of his main campaign pledges, Oh pledged to speed up deregulation to provide 185,000 houses in the next five years by invigorating the private sector-led reconstruction and redevelopment of urban areas.

Shim Jae-yun2021-04-09 17:18

Opposition's landslide victory

The main opposition People Power Party (PPP) won a landslide victory in Wednesday's mayoral by-elections in Seoul and Busan, dealing a fatal blow to the ruling Democratic Party of Korea (DPK). The outcome was a direct result of the arrogance, self-righteousness, hypocrisy and incompetence that have characterized the Moon Jae-in administration and the DPK over the last four ye...

Park Yoon-bae2021-04-08 17:30

Korean shipbuilders' revival

Korean shipbuilders regained the No. 1 spot in the world after pulling off a 10-fold increase in the number of orders won in the first quarter of the year compared to 2020. They received 5.32 million compensated gross tons (CGTs) in new orders for 126 ships in the first three months, accounting for 52 percent of the global total of 1,024 CGTs for 323 vessels and beating out t...

2021-04-08 17:30

North's Olympic decision

North Korea has decided not to attend the Tokyo Summer Olympics set to commence July 23, virtually ending the Moon Jae-in administration's bid to utilize the sporting event as an opportunity to revitalize his peace initiative on the Korean Peninsula. The North's Olympic Committee cited the need to protect players from the persistent COVID-19 pandemic.

Shim Jae-yun2021-04-07 17:05

Disclosure of suspect's identity

Police have disclosed the identity of a suspect who allegedly murdered two sisters and their mother at an apartment in northern Seoul, March 23. The Seoul Metropolitan Police Agency held a committee meeting Monday and concluded that disclosing the man's personal information, including his name and photo, was in the best interests of the public, given the heinous nature of the...

2021-04-07 17:03

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

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

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

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