Top U.S. envoy urges N. Korea to release detained Americans

The Korea Herald > Opinion > Editorial

[Editorial] Weaker yen

Data released by the central bank last week showed that the profitability of Korea’s listed firms slipped in the second quarter as a stronger won hit manufacturing exporters. The average ratio of operating profit to sales, a key gauge of profitability, stood at 4.2 percent in the April-Ju...

Updated : 2014.09.30 20:10

[Editorial] FTA with China

Korea and China held their 13th round of free trade talks in Beijing last week, making little headway in resolving differences over sensitive matters.Negotiators from the two countries have been under pressure to reach a deal by the end of this year, as agreed by President Park Geun-hye an...

Updated : 2014.09.30 20:10

[Editorial] Detainees in N.K.

North Korea has a long history of detaining foreign citizens, especially Americans, on baseless criminal charges to use them for propaganda and “hostage diplomacy,” which is largely aimed at gaining concessions from foreign governments. As part of the anachronistic policy, the North is c...

Updated : 2014.09.29 20:48

[Editorial] Distrust of finance sector

Officials of successive administrations and industry executives have long voiced the need to bring the nation’s financial firms up to the same level as companies like Samsung Electronics and Hyundai Motor. So there has been a lot of hoopla, with government officials pledging support for g...

Updated : 2014.09.29 20:48

[Editorial] Cyberexodus

As was expected, the country’s IT companies are feeling the impact of the government’s announcement that it will monitor cyberspace activities in real time.On Sept. 18, the Supreme Prosecutor’s Office announced that it would establish a special team of five prosecutors and investigators...

Updated : 2014.09.28 20:50

[Editorial] Pardon for chaebol chiefs

President Park Geun-hye’s pledge of nontolerance for white collar crimes by chaebol chiefs may be the latest among a string of election promises being cast off.On Sept. 24, Justice Minister Hwang Kyo-ahn hinted at the possibility of releasing jailed businessmen on parole or granting them ...

Updated : 2014.09.28 20:50

[Editorial] Battling dementia

Dementia is a cruel disease that dilapidates not only patients but also their families. Its psychological, physical and financial impact is so severe that we often encounter tragic cases in which people affected by the illness commit suicide, mercy killing or even murder. As Korea’s socie...

Updated : 2014.09.26 22:41

[Editorial] Real safety innovation

The government has outlined its plan to draw up the Safety Innovation Master Plan, which is aimed at upgrading the nation’s safety system, in which numerous defects were exposed by the tragic sinking of the Sewol ferry in April. Officials said the master plan, which will be completed by F...

Updated : 2014.09.26 22:40

[Editorial] Keep pressing N.K.

North Korea’s appalling human rights situation has come under global scrutiny again, this time at the U.N. General Assembly and at a ministerial meeting on North Korean human rights in New York City.Addressing the U.N. General Assembly on Wednesday, President Park Geun-hye urged North Kor...

Updated : 2014.09.25 21:02

[Editorial] Another Blue House fiasco

There is an old saying that goes, “Personnel matters are everything.” Taking that maxim to heart, top businesses allocate great resources to finding the right people for the right positions. However, the Blue House seems to think it is an exception, much to its embarrassment and the emba...

Updated : 2014.09.25 21:02

[Editorial] Self-employment blues

A gloomy but often neglected aspect of the country’s job market is the large proportion of self-employed individuals struggling with excessive competition and income stagnation amid the prolonged economic downturn.Self-employed people account for nearly a quarter of the total employed pop...

Updated : 2014.09.24 19:50

[Editorial] Global contributions

An administration official said this week that South Korea was seeking to extend the deployment of its troops in South Sudan and Lebanon as part of its contribution to U.N. peacekeeping efforts around the globe. Last week, the Foreign Ministry announced a plan to increase Seoul’s grant ai...

Updated : 2014.09.24 19:50

[Editorial] Pension reform

A forum on how to reform public employees’ pensions was aborted Monday as members of the government employees’ union blocked proceedings in a National Assembly conference room. The conference, organized by the ruling party, was to discuss a reform plan proposed by the Korea Pension Assoc...

Updated : 2014.09.23 20:43

[Editorial] Outside directors

As the Sewol ferry disaster has exposed holes in the nation’s public safety system and broader problems in society, the fiasco at KB Financial Group has laid bare a host of flaws in Korea’s financial system. The immediate cause of the crisis at KB was a boardroom feud that went out of co...

Updated : 2014.09.23 20:42

[Editorial] Big Brother in cyberspace

The country’s prosecutors have assumed the role of an Orwellian Big Brother, acting “pre-emptively” against dissemination of false information by monitoring activities in cyberspace and immediately removing false information as it is discovered.The new measures were announced after the ...

Updated : 2014.09.22 19:50