KoreaTimes(202) - Editorial, Opinion, page 1

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Opinion

Editorial

Sun, May 16, 2021 | 17:04

More support for chip makers

President Moon Jae-in came with an ambitious plan to set up the world's best semiconductor production facilities for South Korea to lead the global supply chain of the chips. During a speech at the semiconductor plant of Samsung Electronics in Pyeongtaek, Gyeonggi Province, Thursday, he also pledged to provide relevant companies with diverse incentives in terms of tax, financ...

Shim Jae-yun2021-05-14 16:30

Shame on law enforcement

Lee Sung-yoon, head of the Seoul Central District Prosecutors' Office, who will stand trial for allegedly abusing his power, has left an indelible blot on the law enforcement agency. On Wednesday, he was indicted on charges of exercising undue influence in 2019 to stop an investigation into a travel ban illegally imposed on a former ranking official.

Park Yoon-bae2021-05-13 16:40

Easing vaccine hesitancy

The government is right to decide to subsidize the medical expenses of people suffering from severe side effects after receiving COVID-19 vaccines, even if there is insufficient evidence to prove causality. The expanded support is available for those who have been excluded from compensation because of the lack of evidential data, even if they were admitted to intensive care u...

2021-05-13 16:30

Embrace opposing voices

President Moon Jae-in has taken flak for refusing to accept growing calls -- not only from the opposition but also his own party -- for him to withdraw his nomination of “problematic” figures as Cabinet ministers. He reaffirmed his intention to appoint such figures Tuesday, requesting the National Assembly to send confirmation hearing reports on three nominees -- Lim Hye-sook...

Shim Jae-yun2021-05-12 16:40

Spur anti-corruption probe

Since its launch in January, the country's new anti-corruption investigation agency has begun probing power abuse allegations involving Seoul's education chief as its first case. The Corruption Investigation Office for High-ranking Officials (CIO) said Monday that it had assigned its first case number to an investigation involving Seoul Metropolitan Office of Education Superi...

2021-05-12 16:30

Income disparity deepens

Low-income earners suffered the most from the economic fallout from the COVID-19 pandemic, according to a report released Monday by the Bank of Korea (BOK). The central bank's report noted that people in the bottom 20 percent of the income ladder saw their earnings tumble 17.1 percent year-on-year during the nine months from April 2020 when the country began to feel the virus...

Park Yoon-bae2021-05-11 16:40

Impact of looming inflation

Various commodity prices are surging, sounding the alarm for crucial industries, including manufacturing and construction. For example, iron ore prices topped $200 per ton last Thursday, pushing the prices of steel products, such as hot-rolled coils, pipes and plates, to record-high levels. Some construction sites had to suspend work due to the scarcity of rebar.

2021-05-11 16:30

Lay legal groundwork

Rep. Lee Yong-woo of the ruling Democratic Party of Korea (DPK) Friday submitted a cryptocurrency bill to the National Assembly requiring relevant businesses to register with, or get permission from, the financial authorities. If they engage in unlicensed “crypto business,” they will face up to five years in prison or a 50 million won ($41,500) fine. Rep. Lee said the bill wa...

Shim Jae-yun2021-05-10 16:40

Recurring industrial accidents

Workers have continued to fall victim to industrial accidents despite efforts to increase safety practices in the workplace. A 40-year-old subcontractor at the Hyundai Heavy Industries (HHI) Ulsan plant died following a fall while engaged in welding work Saturday morning, Parents' Day. That afternoon, a 43-year-old regular worker at Hyundai Steel's Dangjin plant died in an ac...

2021-05-10 16:30

Loss of public trust

President Moon Jae-in enters his fifth and last year in office Monday, but he is in no mood for a celebration due to the loss of public trust in his administration. Regrettably, he is not receiving high scores for his performance as the country's head of state.

Park Yoon-bae2021-05-09 17:08

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