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Opinion

Editorial

Wed, March 3, 2021 | 01:38

Conciliatory gesture

President Moon Jae-in has made a conciliatory gesture toward Japan to mend soured ties with Tokyo. In a nationally televised speech marking the March 1 Independence Movement Day, he said that Korea was ready to discuss strengthening cooperation with Japan. However, it is hard to expect a breakthrough any time soon because the Asian neighbor shows no signs of compromise over h...

Park Yoon-bae2021-03-02 17:23

Time for exit strategy

Fiscal deficits and national debt are rising in many countries as governments have implemented massive stimulus packages to overcome the economic slump caused by the COVID-19 pandemic. Speedy vaccine rollouts in major countries are also raising expectations about a global economic recovery, triggering inflation concerns. Against this backdrop, a private think tank has warned ...

2021-03-02 17:22

Apologize to victims

Professor John Mark Ramseyer of Harvard Law School acknowledged recently his mistake of describing Japan's wartime sex slaves as “voluntary prostitutes.” “I don't have any Korean contracts,” Ramsey was quoted as saying by fellow Harvard Law School professor Jeannie Suk Sersen. Disclosing an email she received from Ramsey, the ethnic Korean professor went on to quote him as sa...

Shim Jae-yun2021-03-01 16:38

Looming shortage of auto chips

Carmakers here are struggling with the global shortage of automotive semiconductors. Production disruptions are partly due to the pandemic, but it's just a matter of time before a full-blown crisis hit them.

Shim Jae-yun | 2021-03-01 16:36

Pinnacle of populism

The ruling Democratic Party of Korea (DPK) has set a bad precedent for a pork barrel project by approving a bill at the National Assembly on building a new airport in Busan. On Friday, the controversial bill was passed through the Assembly's plenary session in a 181-33 vote with 15 abstentions.

Park Yoon-bae2021-02-28 16:40

Stop playing with numbers

The worldwide greenhouse gas emissions in 2030 will fall by a mere 0.5 percent from 2010. The U.N. Framework Convention on Climate Change (UNFCCC) made this gloomy forecast based on emission reduction targets from its member countries, which fell far short of attaining carbon neutrality in time for 2050. Korea submitted its 2015 reduction plan again by changing only calculati...

2021-02-28 16:39

Ruling on conscientious objection

The Military Manpower Administration (MMA) made an unprecedented decision Wednesday, allowing a man in his 30s, accused of refusing to fulfill his mandatory military service over his beliefs in nonviolence and pacifism, to engage in alternative service. The decision is significant in that it is the first time the government has recognized the conscientious objection of milita...

Shim Jae-yun2021-02-26 17:43

Expedient decision

The Ministry of Trade, Industry and Energy has decided to extend the expiration period of a building plan for two new nuclear reactors by two years until the end of 2023. Yet the decision is seen as an expedient measure to evade responsibility for President Moon Jae-in's controversial nuclear phase-out policy.

Park Yoon-bae2021-02-25 16:59

Swelling household debt

Korea's household debt reached a record high of 1,726 trillion won ($1.55 trillion) as of the end of last year, according to data released by the Bank of Korea. Household debt refers to purchases on credit and loans extended by financial institutions, including commercial lenders and mutual savings banks, to the people in a household. No less worrisome than the largest-ever a...

2021-02-25 16:55

Hydrogen alliance

Hyundai Motor and POSCO are stepping up their collaboration to jointly develop technology to replace coal with hydrogen to produce steel and set up an eco-friendly mobility infrastructure. According to industry sources Wednesday, the nation's largest automaker and the top steelmaker have embarked on full-fledged efforts to implement a Feb. 16 agreement to jointly set up a hyd...

Shim Jae-yun2021-02-24 16:52

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