[Weekender] China’s rising clout in Korea

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[Editorial] $5.54m toys?

If former President Lee Myung-bak had made good on his promise, robotic fish would be swimming along with carp and other freshwater fish and carrying out the task of monitoring water quality in the nation’s four major rivers. None of the developed prototypes, however, can properly perform...

Updated : 2014.08.01 21:20

[Editorial] Earnings plunge

Samsung Electronics suffered a 24.6 percent decline in its quarterly operating income, from 9.53 trillion won in the second quarter of 2013 to 7.19 trillion won in the second quarter this year. The deep cut in its operating income came as a shock to industry analysts, with earlier earnings...

Updated : 2014.08.01 21:20

[Editorial] Tragedies at barracks

A recent series of apparent suicides by three conscripts has amplified concerns over problems with South Korea’s troop management system.A Navy sailor was found dead on his vessel Monday, a day after two Army privates were discovered hanged in their barracks in separate locations near the...

Updated : 2014.07.31 20:56

[Editorial] After by-elections

The conservative ruling Saenuri Party won a landslide victory in Wednesday’s parliamentary by-elections, consolidating its absolute majority in the 300-seat National Assembly.The Saenuri Party gained 11 of the 15 seats up for grabs, while the liberal main opposition New Politics Alliance ...

Updated : 2014.07.31 20:56

[Editorial] Tax without exception

Taxing the incomes of people belonging to religious groups has long been an elusive issue in Korea. As a matter of fact, the first proposal to tax priests, ministers and monks was made in 1968 by the first director of the National Tax Service. Intermittently over the following decades, the...

Updated : 2014.07.30 21:06

[Editorial] Collusive bidding

The Fair Trade Commission has slapped a record fine on major builders for their alleged collusion in bidding for a project to build a new high-speed railroad.The antitrust watchdog imposed a combined 435.5 billion won in fines on 28 major construction and engineering companies for allegedl...

Updated : 2014.07.30 21:05

[Editorial] Middle-power voice

Foreign ministers from five middle-power countries last Saturday issued a joint statement condemning the July 17 downing of a Malaysian passenger airplane in eastern Ukraine.In their statement, the top diplomats from Mexico, Indonesia, South Korea, Turkey and Australia said the incident wa...

Updated : 2014.07.29 20:35

[Editorial] Keeping competitive edge

A survey released last week showed foreigners regard Korea as a country with cutting-edge technology. In the Foreign Ministry-commissioned survey of about 6,000 citizens from 17 nations, most respondents said technology and Samsung, the leading mobile phone maker, were the words that first...

Updated : 2014.07.29 20:35

[Editorial] Humane China

There are palpable changes in China’s relations with South and North Korea. In short, China is closer than ever with South Korea and on worse terms than ever with the North. There is one thing, however, that has not changed in spite of the latest development in the dynamics of relations i...

Updated : 2014.07.28 20:45

[Editorial] Fine-tune carbon scheme

The government’s plans to launch a carbon emissions trading scheme next year have become a hot subject of national debate because of the strong call from industries to delay it until 2020. New Deputy Prime Minister Choi Kyung-hwan’s pro-business stance is adding to the intensity of the d...

Updated : 2014.07.28 20:45

[Editorial] Pulling Park’s leg?

Last week, the U.N. Committee on Human Rights called on Japan to ensure that effective, independent and impartial investigations be launched into wartime sex slavery and to offer an apology to “comfort women,” who were forced to work in its military brothels. The Japanese government unde...

Updated : 2014.07.27 19:27

[Editorial] Coding in schools

Well into an era of information and communications technology, Britain, the United States and other developed countries are moving to teach computer science to students in primary and secondary schools. They find it necessary for everyone to understand and learn computer programming at an ...

Updated : 2014.07.27 19:27

[Editorial] Autonomous schools

Twenty-five self-governing private high schools that went into operation in 2010 are undergoing a review by metropolitan and provincial education offices. The outcome will determine whether or not the schools will be allowed to retain their status as self-governing schools or whether they ...

Updated : 2014.07.25 21:28

[Editorial] Taxing cash reserves

Few would dispute the ruling Saenuri Party is pro-business. The conservative party and its administrations have cut corporate taxes, controlled sharp wage inflation and revised laws when deemed cumbersome to business activities. The party and its administrations have provided the business ...

Updated : 2014.07.25 21:28

[Editorial] Gray Korea

As Korean society ages at one of the world’s fast paces, few demographic figures regarding the low birthrate and the ever-increasing elderly population still surprise us. Yet, the latest statistics from the OECD should be a cause for concern. According to the latest old-age support rates ...

Updated : 2014.07.24 20:57