KoreaTimes(202) - Editorial, Opinion, page 1

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Opinion

Editorial

Tue, October 19, 2021 | 23:08

Failure to reveal truth

The National Assembly's audit of the Gyeonggi provincial government turned into a political battle over a land development scandal, Monday. Lawmakers of the ruling Democratic Party of Korea (DPK) went all-out to defend Gyeonggi Province Governor Lee Jae-myung who was peppered with a barrage of questions from representatives of the main opposition People Power Party (PPP).

Park Yoon-bae2021-10-19 17:09

Washington going too far

The Moon Jae-in administration has announced its position regarding the controversial U.S. demands for global semiconductor makers, including Samsung Electronics, to hand over sensitive trade secrets. The government's statement was little more than a formality, saying it had delivered its concerns over Washington's request and would positively discuss the matter. Considering ...

2021-10-19 17:00

Long way to go

President Moon Jae-in and Japanese Prime Minister Fumio Kishida failed to narrow their differences on key issues, such as Japan's forced wartime labor and sex slavery, in their first phone call Friday, 11 days after the latter took office. They only agreed to disagree on those historical issues which have continued to strain bilateral ties.

Shim Jae-yun2021-10-18 17:26

Make fuel taxes flexible

With retail oil prices soaring here, led by the recent surge in international crude prices, there are growing calls for cutting domestic fuel taxes to ease the burden on households and small businesses. Last week, the retail price for gasoline surpassed 1,700 won ($1.44) per liter on average nationwide, the highest in seven years.

2021-10-18 17:00

Persisting chip shortage

South Korea's automotive and electronics industries are bearing the brunt of the persisting global semiconductor shortage. More worrisome is that the chip crunch shows no signs of easing anytime soon. This may slow the pace of the country's recovery from COVID-19's economic fallout unless radical action is taken.

Park Yoon-bae2021-10-17 16:58

Eased lending control

The financial authorities have taken a step back from their draconian lending regulations. “We won't stop the jeonse (home rental based on large deposits) loans or lending to help pay back the balance for apartment purchases until the end of this year,” Financial Services Commission (FSC) Chairman Koh Seung-beom said last Thursday.

2021-10-17 16:57

Reinventing nuclear power

French President Emmanuel Macron stressed the importance of nuclear power while unveiling his “France 2030” plan for reindustrialization Tuesday. The plan features, among others, investment of 8 billion euros ($9.29 billion) for the development of small module reactors (SMRs), management of nuclear waste and expansion of infrastructure for hydrogen power generation.

Shim Jae-yun2021-10-15 16:42

Returning to normal

South Korea is busy setting out a new strategy for allowing life to return to normal next month, phasing out strict quarantine measures and social distancing rules against COVID-19. This is welcome news as Koreans are eager to get out of the dark tunnel after undergoing the unprecedented public health crisis.

Park Yoon-bae2021-10-14 17:10

Corporate governance reform

SK Group said that it would reform its governance structure to guarantee its affiliates' boards of directors the abilities to exercise their authority and fulfill their responsibilities as the highest decision-making bodies. To this end, the group will enable the active involvement of its subsidiaries' boardrooms in corporate operations, ranging from recommending CEOs to thei...

2021-10-14 16:08

Dig deeper into scandal

President Moon Jae-in instructed a swift and thorough investigation into suspicions surrounding a lucrative land development project in Daejang-dong, Seongnam City, Gyeonggi Province, Tuesday. It is the first time Moon has commented on the issue, indicating how seriously he takes it.

Shim Jae-yun2021-10-13 17:00

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