Most Popular
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Hyundai Motor eyes 80,000 jobs, W68tr investment at home by 2026
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Seoul bus drivers go on general strike, cause morning rush hour delays
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Official campaigning kicks off for April 10 elections
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Dialogue hopes fade as doctors pick hard-liner as new head
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Korea enters full election mode
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Coupang pledges W3tr to expand Rocket Delivery nationwide by 2027
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[Election Battlefield] Political novice to face off star politician in ‘swing district’
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[Kim Seong-kon] The April 2024 election will decide our future
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Seoul’s bus union prepares for strike
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[Herald Interview] Son Suk-ku chooses to be swayed by others in navigating life
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[Editorial] Libya and North Korea
By all accounts, 99 percent of the North Korean people are not aware of what happened in Libya last week, let alone the violent pro-democracy movements in other Middle East and North African nations since last spring. The other 1 percent are the top-level party and administration officials and businesspeople who travel to China and other parts of the world. Agencies monitoring the North’s print and broadcast media reported that they have been completely silent about the death of Moammar Gadhafi
Oct. 25, 2011
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[Editorial] A last chance
The new Japanese government is showing a subtle change in approach to its responsibility for the “comfort women” during World War II ― one of the most troubling issues between Japan and South Korea. If Tokyo has any sincerity, they should first consider the short time left to resolve the problem. The issue must be settled before all the victims pass away. New debates started in Tokyo over remarks by Seiji Maehara, a former foreign minister and present chairman of the ruling Democratic Party of J
Oct. 24, 2011
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[Editorial] Back in Geneva
As U.S. and North Korean envoys began talks in Geneva on Monday to resume the six-party talks in Beijing, many Koreans recalled the bilateral accord signed by the two countries 17 years ago in the same Swiss city to halt North Korea’s then-nascent nuclear program. The 1994 “Agreed Framework,” which had a title chosen to evade the Senate ratification procedure in the U.S. and was thus legally non-binding, was a product of extraordinary circumstances on the Korean Peninsula ― the death of DPRK fou
Oct. 24, 2011
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[Editorial] Zero-interest student loans
The trade union of Korea Exchange Bank surprised many on Thursday by announcing that it would promote a 1 trillion won interest-free loan program for college students. The union’s plan calls for KEB to provide 5 million won interest free to a total of 200,000 students over five years starting next year. It also proposes to cover the interest costs of the program, which would total 150 billion won, with contributions from the bank’s 6,500 employees and the bank’s profits.If implemented as planned
Oct. 23, 2011
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[Editorial] Global currency swaps
Korea is reportedly seeking to ramp up its currency swap line with China from the present $26 billion to the level of the recently expanded Korea-Japan foreign exchange swap deal. In their summit on Oct. 19, President Lee Myung-bak and Japanese Prime Minister Yoshihiko Noda agreed to boost their swa
Oct. 23, 2011
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[Editorial] Consumer protection
The global financial crisis in 2008 highlighted the need to tighten oversight of greedy financiers. At the same time, it also brought into the spotlight the importance of protecting financial consumers, as it was millions of individual households that bore the brunt of the devastating financial tsun
Oct. 21, 2011
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[Editorial] White elephant in Yongin
The prosecution is investigating allegations of corruption surrounding the light rail transit project in Yongin City, Gyeonggi Province. Prosecutors have already banned some 30 people involved in the project, including two former mayors of the city, from leaving the country. The project started in 2
Oct. 21, 2011
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[Editorial] Compensating war dead
It was an utterly senseless act for the Ministry of Patriots and Veterans Affairs to deliver 5,000 won to the sister of a soldier killed in the Korean War as “compensation” for war dead. Officials came down to the amount, not enough to buy a bowl of noodles, by quoting the fixed 50,000-whan governme
Oct. 20, 2011
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[Editorial] Stronger leadership
When new Japanese Prime Minister Yoshihiko Noda visited Korea on his first overseas trip since taking office 50 days ago, he must have known perfectly well that issues between the two neighboring countries extend to both the past and the future. He touched on the past only a little by bringing with
Oct. 20, 2011
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[Editorial] Escalating credit card row
Some 70,000 restaurant owners from across the nation rallied in Seoul on Tuesday, calling for a cut in the fees they pay to credit card companies. The demonstration came one day after credit card issuers announced a plan to lower the fees for restaurants and other small shops from the current low en
Oct. 19, 2011
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[Editorial] Baby boomers need support
A growing number of Korean baby boomers who have retired from their main lifetime jobs are starting up microenterprises to earn a livelihood. But they are exposing themselves to the risk of poverty as their chances of success are low due to their lack of experience and unfavorable economic condition
Oct. 19, 2011
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[Editorial] Success or half success?
Two years after work started to help the four major rivers serve industries and rural life, river beds have been deepened, banks streamlined and hundreds of kilometers of bike lanes built on both sides of the waterways. To the great relief of President Lee Myung-bak and his development-minded aides,
Oct. 18, 2011
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[Editorial] Lee’s property
President Lee must regret that he followed the advice of his aides to buy property in his son’s name to build a house for his retirement. He must feel doubly sorry that his own party showed little sympathy for him and instead regarded him as a burden in the upcoming elections. The land in Naegok-don
Oct. 18, 2011
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[Editorial] Kim Han-sol spotlight
The international media, including South Korean newspapers and networks, has found a new celebrity in the 16-year-old grandson of North Korean dictator Kim Jong-il. The activities of Kim Han-sol at an international school in Bosnia are competitively covered by the European, Japanese and Korean media
Oct. 17, 2011
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[Editorial] China and N.K. refugees
Large numbers of North Koreans cross the Amnok (Yalu) and Duman (Tumen) Rivers into China to escape from hunger and repression. Only the privileged few get official travel permission for business or visits with their relatives but most risk their lives as they swim across narrow and shallow points o
Oct. 17, 2011
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[Editorial] ‘Occupy Yeouido’ rally
Anti-capitalism protests, which took shape in New York a month ago to decry Wall Street bankers, swept across the world Saturday. Angry protesters rallied in hundreds of cities all over the world, denouncing greedy financiers and ineffectual politicians for ruining the global economy and condemning
Oct. 16, 2011
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[Editorial] Prosecution-police clash
The prosecution and the police are again locking horns over police officers’ right to open criminal investigations. In June, the two law enforcement agencies fought bitterly over the issue, which prompted the resignation of the then prosecutor general, Kim Joon-gyu. The dispute was papered over with
Oct. 16, 2011
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[Editorial] Whither labor movement?
More than 100 days have passed since the multiple labor union system went into effect on July 1. According to the Ministry of Employment and Labor, a total of 498 new unions were established during the first 100 days. These unions appear to be already exerting palpable influence on Korea’s labor mov
Oct. 14, 2011
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[Editorial] Speed up FTA ratification
The U.S. Congress has finally ratified the Korea-United States free trade agreement, demonstrating America’s commitment to upgrading and expanding the long-standing military alliance between the two countries to encompass the economic dimension. With Washington completing its part of the deal, the b
Oct. 14, 2011
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[Editorial] Lee’s land purchase
The controversy over plots of land President Lee Myung-bak purchased in the name of his son is not dying down even though he has started the process of registering it under his name. The fault is Lee’s own.Lee bought the land in the outskirts of Seoul in May this year to build a new home in which to
Oct. 13, 2011