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Opinion

Editorial

Fri, November 27, 2020 | 08:33

Debate over relief funds

A debate is gaining momentum over the push for a new emergency relief package to help the coronavirus-battered people and businesses. The rival political parties feel the need for the package after the government tightened social distancing guidelines Tuesday to contain the resurgent COVID-19 pandemic.

Park Yoon-bae2020-11-26 16:11

Valuable social agreement

The Economic, Social and Labor Council Wednesday reached a social agreement on the introduction of a “co-determination system” and “job-based pay system” at public institutions. Albeit largely declaratory, the accord is significant because the government, unions and experts have secured momentum to push for reforms over which management and workers have mixed interests, throu...

2020-11-26 16:05

Anachronistic move

Justice Minister Choo Mi-ae has certainly gone too far in her fight against Prosecutor General Yoon Seok-youl. On Tuesday, she suspended Yoon from duty over alleged “misdeeds.” She also revealed a decision to take disciplinary action against him.

Park Yoon-bae2020-11-25 17:15

Constraint on unsecured loans

Major commercial banks are scrambling to cut their unsecured loan balance prematurely following the government's announcement of a plan to tighten its debt service ratio (DSR) regulation. NH NongHyup slashed the caps on unsecured loans and prime rates early last week, and KB Kookmin began applying measures for the strengthened DSR rule Monday. Other banks are also making simi...

2020-11-25 17:00

Hasty expectations

Unification Minister Lee In-young said Monday that inter-Korean relations will be renewed with the resumption of communications channel via a now-destroyed liaison office within the Gaeseong Industrial Park. During a debate at the National Assembly, Lee, however, stopped short of calling for North Korea's apology for the demolition of the building in June.

Shim Jae-yun2020-11-24 17:00

Polarizing home ownership

The number of owners of multiple homes and those who do not own even a single ones have both sharply increased in the last year, reflecting the widening gap between the haves and have-nots. The polarizing housing market shows the Moon Jae-in administration's policy to combat real estate speculation has completely failed to halt the rise in home prices and has only deepened th...

2020-11-24 17:00

Chinese FM's visit

Chinese Foreign Minister Wang Yi plans to visit Seoul from Nov. 25 to 27 for talks with his South Korean counterpart Kang Kyung-wha on diverse pending issues including the envisioned visit to Seoul by Chinese President Xi Jinping. Wang's visit draws attention as it comes amid prospective lingering tension between the United States and China ahead of the shift of presidency in...

Shim Jae-yun2020-11-23 17:10

Regrettable ruling

A Seoul court has put the brakes on the prosecution's move to seize former President Chun Doo-hwan's residence in western Seoul as a means to collect unpaid fines. The Seoul High Court ruled Friday that the entire residence cannot be seized entirely although Chun, 89, refuses to pay huge penalties.

2020-11-23 17:00

Level 2 social distancing

Quarantine authorities have warned the “third wave of coronavirus outbreaks” is already in progress affecting the entire nation as the number of daily new COVID-19 cases surpassed 300 for the fifth consecutive day Sunday. The Korea Disease Control and Prevention Agency (KDCA) is considering raising the social distancing level by one notch to Level 2 from 1.5.

Shim Jae-yun2020-11-22 17:00

Widening income gap

The average monthly income of families in the bottom-20 percent earning bracket stood at 1.63 million won ($1,469) in the third quarter, down 1.1 percent from a year ago, according to Statistics Korea's household survey. In comparison, that of the top-20 percent range climbed 2.9 percent to 10.39 million won. As a result, Korea's distribution ratio for disposable income, a ya...

2020-11-22 17:00

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