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[Editorial] New floor leaders

The three major political parties have all picked their new floor leaders amid high expectations for a more productive National Assembly.The three new whips have one thing in common: strong communication skills. Effective communication is essential to successful political negotiations, but...

Updated : 2016.05.05 17:56

[Editorial] Trump’s ascension

The upcoming U.S. presidential election will almost certainly be a showdown between Hillary Clinton of the Democratic Party and Donald Trump of the Republican Party, as the two candidates have each all but clinched the nominations of their parties.A former first lady, Clinton has already c...

Updated : 2016.05.05 17:55

[Editorial] Social germs

The case of harmful sterilizers used in humidifiers shows that a combination of social germs, such as money-grubbing corporations and negligent government officials, could pose an immense threat to public health. The primary blame, of course, should go to the makers of the toxic sterilizer...

Updated : 2016.05.04 17:39

[Editorial] Fair society

One essential thing you need to live in a fair society is solid legal justice, for which highly ethical and capable legal professionals -- prosecutors, judges and lawyers -- are indispensable. Sadly, this is not the case with Korean society. A recent case highlights that the legal communit...

Updated : 2016.05.04 17:31

[Editorial] Foreign residents

Justice Ministry data showed early this week that the number of foreign nationals in South Korea, including tourists, has topped 1.9 million for the first time, heralding the upcoming era of 2 million foreigners.The figure of 1.94 million foreign nationals far surpasses the population of D...

Updated : 2016.05.03 17:52

[Editorial]Car sale crisis

Hyundai Motor Group has suffered a rapid drop in car sales in China so far this year, although the market has been the most lucrative revenue source for the second-largest South Korean conglomerate.Hyundai Motor posted 229,011 units in Chinese sales during the first quarter, down 18.2 perc...

Updated : 2016.05.03 17:48

[Editorial] Constraints on FX policy

Korea has avoided being designated as a “currency manipulator” by the United States, but the government needs to be more cautious in undertaking foreign exchange operations, as Washington has put the nation on its “monitoring list” along with China, Japan, Germany and Taiwan.The U.S. T...

Updated : 2016.05.02 17:48

[Editorial] Bank recapitalization

A debate is raging over how to recapitalize the two state-run banks that have to lead the government‘s corporate restructuring process.The Korea Development Bank and the Export-Import Bank of Korea are in urgent need of capital increases as restructuring of the troubled shipping and shipb...

Updated : 2016.05.02 17:48

[Editorial] Park in Iran

There are two major points President Park Geun-hye is focusing on in her current historic visit to Iran: economic cooperation and nonproliferation vis-a-vis North Korea. Park, who arrived in Tehran on Sunday as the first South Korean head of state to visit Iran since the two countries form...

Updated : 2016.05.01 17:39

[Editorial] Self-ruining greed

Korea’s workforce is so polarized that unionized workers at big conglomerates are often called “labor aristocrats” as they enjoy privileges their counterparts at the bottom of the labor market -- workers at small firms, part-timers or short-term contract workers -- could never dream of....

Updated : 2016.05.01 17:29

[Editorial] More stimulus

The government has designated May 6 as a temporary holiday, allowing people to take a four-day break from May 5, which is Children’s Day in Korea.The designation is intended to boost the economy by stimulating sluggish domestic consumption. The Korea Chamber of Commerce and Industry propo...

Updated : 2016.04.29 18:17

[Editorial] Jobs for youth

The government has come up with another set of measures to tackle the worsening youth unemployment problem. The package, the sixth of its kind put forward by the incumbent government, however, is unlikely to put a big dent in youth joblessness.The measures came after the unemployment rate ...

Updated : 2016.04.29 18:14

[Editorial] Talk of coalition

Talk of forming a coalition government has become a topic in politics since the April 13 general election, which relegated the ruling party to the second-largest party and which did not give any party a majority control of the parliament. The proposal for a coalition government comes mostl...

Updated : 2016.04.28 17:10

[Editorial] Pain of restructuring

The founding families of Korea’s chaebol have both positive and negative public images. In hard times, the negative image tends to overwhelm the positive one. Chaebol families are often identified as the main culprit when their businesses go bad to the point of bankruptcy or government-ai...

Updated : 2016.04.28 17:09

[Editorial] Second chances

One hundred days remain before the 31st Summer Olympic Games kick off for a 17-day competition in Rio de Janeiro.A noteworthy event for local spectators is whether the country’s soccer team will advance to the semifinals, as they did four years ago in London, taking bronze. Fans are pinni...

Updated : 2016.04.27 17:15