South Korean share prices to be range-bound next week

The Korea Herald > Opinion > Editorial

[Editorial] Disregard for law

The ruling Saenuri Party can hardly be seen as a respecter of the law, as its leaders are turning a blind eye to allegations that close aides to President Park Geun-hye illegally intervened in candidate nomination for the April 13 general election.Earlier this week, a local news outlet rev...

Updated : 2016.07.22 18:10

[Editorial] Gaming culture

The Ministry of Culture, Sports and Tourism has come up with a new set of measures to promote Korea’s slumping game industry.Dubbed “A Five-Year Plan to Enhance the Gaming Culture,” the new measures focus more on creating a healthy gaming culture than supporting game developers. The pol...

Updated : 2016.07.22 18:09

[Editorial] Losing weight

Obesity has become a social concern that needs the attention of government officials, politicians, as well as individuals. One does not need the authorities to explain why being overweight is becoming a global phenomenon: People are consuming more calories, sugar and fat. They live in an i...

Updated : 2016.07.21 16:49

[Editorial] Under siege

It is obvious that President Park Geun-hye is under siege. She faces hostility on many fronts -- the media, opposition parties and even ruling party members as well as residents from a region that had previously been loyal to her. First, the controversy over one of her most trusted Blue Ho...

Updated : 2016.07.21 16:48

[Editorial] Gender inequality

Two years ago, the government established a task force, composed of major conglomerates and civic groups, on narrowing the nation’s gender gap and increasing women’s participation in the workforce.Despite the effort, South Korea still has an enormous gender gap, with the World Economic F...

Updated : 2016.07.20 16:51

[Editorial] Internal conflict

Pyongyang has test-fired three ballistic missiles in an apparent protest against the Seoul’s decision to deploy the Terminal High Altitude Area Defense system in the southern county of Seongju, North Gyeongsang Province.Like military officials’ interpretation, the North’s missile launch...

Updated : 2016.07.20 16:47

[Editorial] Inconsistent policies

Since 2013, the Ministry of Education has sought to weed out poorly managed universities as demand for higher education is forecast to drop due to the falling population of high school graduates.Yet the ministry has made little progress thus far. Last month, Hanlyo University in Gwangyang,...

Updated : 2016.07.19 16:35

[Editorial] Reform the prosecution

Justice Minister Kim Hyun-woong and Prosecutor General Kim Soo-nam apologized Monday over the arrest of Jin Kyung-joon, a senior prosecutor, for taking bribes from a leading online games firm. On Sunday, Jin became the first high-ranking prosecutor in the 68-year history of the nation’s ...

Updated : 2016.07.19 16:33

[Editorial] THAAD disputes

The latest developments surrounding the deployment of the Terminal High Altitude Area Defense system here are exposing problems this country faces whenever it confronts an issue like this: incompetent government, populist politicians and selfish residents.The primary blame for the U.S. ant...

Updated : 2016.07.18 17:20

[Editorial] Safeguarding justice

Rep. Kim Cheol-min and 14 other members of The Minjoo Party of Korea have drafted a bill to restrict the power of the president to grant special amnesties. The bill should prompt the National Assembly to address the issue, which comes up whenever there is a presidential pardon.The bill aim...

Updated : 2016.07.18 17:20

[Editorial] Minimum wage

The nation’s minimum wage per hour for next year has been set at 6,470 won ($5.70), a growth of 7.3 percent from the current 6,030 won. The new minimum wage translates to 1.35 million won per month for employees who work full time.Opposition lawmakers expressed their regret over the decis...

Updated : 2016.07.17 16:51

[Editorial] Inflated shock

Samsung Electronics is drawing close attention in the capital market as its stock prices have risen 8.4 percent over the past three weeks since the impact of the Brexit referendum hit the KOSPI. It closed at 1.518 million won ($1,337) last Friday, compared with 1.4 million won on June 24.I...

Updated : 2016.07.17 16:51

[Editorial] Suicidal walkout

It is not unusual for large Korean unions to down tools at the wrong time and for the wrong cause. But the news that unions of major shipbuilders and the top automaker are moving to strike is truly disappointing.  The unions of eight major shipbuilding firms held a joint news conference a...

Updated : 2016.07.15 17:32

[Editorial] Fallen star

The scandal involving senior prosecutor Jin Kyung-joon and Nexon founder Kim Jung-ju is another reminder of how negligent the elite in this country are in abiding by the law and upholding minimum ethical standards.  Jin was put into custody Thursday on graft charges, and it has yet to be ...

Updated : 2016.07.15 17:31

[Editorial] Youth unemployment

A year ago, the government publicized its plan to create more than 200,000 jobs for those aged between 15 and 34 by 2017 in collaboration with six major business associations.Besides that, over the past few years, Korea’s economic policymakers have come up with another set of countermeasu...

Updated : 2016.07.14 16:52