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[Editorial] Food safety

The government’s 5.6 trillion-won ($5 billion) free school meals scheme has been found to be supplying improper lunches to many of the nation’s 6.14 million students.A government task force inspected between April and July some 2,400 food suppliers and lunch operators and visited 274 of ...

Updated : 2016.08.24 16:27

[Editorial] Political gridlock

Escalating inter-party hostility threatens to kill the 11 trillion-won ($9.7 billion) extra budget bill, which is intended to ease the pain of corporate restructuring and stimulate the sluggish economy.The ruling Saenuri Party, the main opposition The Minjoo Party of Korea and the minor op...

Updated : 2016.08.24 16:27

[Editorial] Similar path

The leadership race of The Minjoo Party of Korea is following the path taken by the ruling Saenuri Party, which in its recent leadership contest ended up consolidating the hegemonic power of its mainstream faction that is largely unpopular outside the party. None of the Minjoo candidates —...

Updated : 2016.08.23 16:25

[Editorial] Heed warnings

North Korea poses a constant security threat to South Korea, yet recent developments call on us -- government and public alike -- to take extra caution against possible provocations from the rogue regime. Tension had already been running high on the Korean Peninsula since the UN imposed th...

Updated : 2016.08.23 16:25

[Editorial] Outrageous remarks

Despite the agreement with the government of South Korea in late 2015, Japan has yet to halt its distortions of historical facts about the wartime sex slavery during the Japanese colonial rule of the peninsula.On the English website of its foreign ministry, a senior Japanese official again...

Updated : 2016.08.22 16:21

[Editorial] Oil producers

International crude prices, which retreated in July after a noteworthy rebound during the first half, are spiraling again this month.Dubai crude, which peaked at $48 per barrel on June 8, plunged to $38 on Aug. 2. But it has bounced back over the past few weeks to surpass $44 per barrel. W...

Updated : 2016.08.22 16:20

[Editorial] Independent think tank

A private think tank aspiring to become Korea’s answer to the Brookings Institution of the United States has been launched.  The Future Consensus Institute was founded by Cho Chang-geol, the founder and honorary chairman of Hanssem Co., Korea’s leading interior company that provides fur...

Updated : 2016.08.21 17:33

[Editorial] Futile defense

The row over Woo Byung-woo, senior presidential secretary for civil affairs who is dogged by accusations of corruption, has taken a new turn as the powerful presidential aide was referred to the prosecution for investigation last week. Lee Seok-su, the special inspector general who has in...

Updated : 2016.08.21 17:31

[Editorial] Timely trips

President Park Geun-hye will visit Russia and China next month, amid backlash from the two countries over South Korea and the US’ decision to station the Terminal High Altitude Area Defense system on the peninsula.After her visit to Vladivostok for the Eastern Economic Forum from Sept. 2-...

Updated : 2016.08.19 16:12

[Editorial] Sales decline

About 4 in every 10 units of the nation’s top 10 conglomerates saw their sales fall during the first half of the year.Data from the Korea Exchange showed that 26 of 68 listed firms, or 38.2 percent, of the 10 business groups suffered a drop in sales on-year.On a consolidated basis, five o...

Updated : 2016.08.19 16:09

[Editorial] Time for restructuring

The Korean business community is abuzz with talk of corporate restructuring, as a special law took effect last week to help companies suffering from an oversupply in their industrial sectors reorganize their businesses.The Special Act on Corporate Revitalization, commonly called the “one-...

Updated : 2016.08.18 16:31

[Editorial] Unstable regime

North Korea’s deputy ambassador in London has defected to South Korea with his family, suggesting the growing instability of the North’s regime under a ruthless and reckless young leader.The Unification Ministry on Wednesday confirmed domestic and British media reports that Thae Yong-ho,...

Updated : 2016.08.18 16:30

[Editorial] Crooked bench

There is no doubt that the judiciary should have the highest ethical standards. The corruption scandal involving the founder of the Nature Republic cosmetics firm shows that it is not the case in Korea. Prosecutors are investigating a senior judge who allegedly kept suspicious ties with Ju...

Updated : 2016.08.17 17:00

[Editorial] Hard to change

Two recent events gave clues as to what is on President Park Geun-hye’s mind. The first one is her latest Cabinet appointments and the second one is her Liberation Day address. On Tuesday, Park replaced three Cabinet ministers and four vice minister-level officials, which, as opposition p...

Updated : 2016.08.17 17:00

[Editorial] Rally’s continuation

The US’ three major stock price indexes including the Dow Jones industrial average reached an all-time high last week in the wake of brisk operating performances of major US businesses.The noteworthy American rally is fueling expectations that the Korea’s benchmark Kospi -- which is also...

Updated : 2016.08.16 16:35