The Korea Herald

[Editorial] Integrity in danger

Jul 8, 2011

The Board of Audit and Inspection has recently told the National Pension Service to fire an executive and sanction two others for tampering with performance evaluations of brokerage companies that ca...
[Editorial] Test for GNP leaders

Jul 8, 2011

The newly elected five leaders of the ruling Grand National Party will hold a workshop tomorrow with key members of the party’s policymaking team to discuss how they would promote policies aimed at i...
[Editorial] A drop in real wages

Jul 7, 2011

When wage earners are asked if they are better off today than before, many will probably be quick to say no. Such an instant response is borne out by new wage figures. Worse still, few signs indicate...
[Editorial] Winter Games for Korea

Jul 7, 2011

Korea’s ardent, decade-long pursuit of the Winter Olympic Games was rewarded when Jacques Rogge uttered one long-awaited word, “PyeongChang.” Its selection as the venue of the 2018 Winter Games in th...
[Editorial] Era of multiple unions

Jul 6, 2011

New labor unions are mushrooming at companies following the enforcement on July 1 of the law allowing multiple unions in a single workplace. According to the Ministry of Employment and Labor, a total...
[Editorial] Overdue restructuring

Jul 6, 2011

The Financial Supervisory Commission has finally decided to take a scalpel to the ailing savings bank industry. The regulator disclosed Monday a scheme to distinguish between viable and nonviable ban...
[Editorial] Ruling party stewards

Jul 5, 2011

The Grand National Party has elected its new executive council, including the party chairperson, which will be responsible for the day-to-day operation of the governing party through next year’s parl...
[Editorial] Incomplete service

Jul 5, 2011

Upon resigning from his office Monday, Supreme Prosecutor General Kim Jun-kyu cited the legal maxim, “pacta sunt servanda,” which means “promises (agreements) must be kept.” He was referring to the N...
[Editorial] KEB dividends

Jul 4, 2011

Upon reports of Korea Exchange Bank’s release of huge dividends to its shareholders, a wave of criticism has been hurled at the Texas-based Lone Star Funds, which will collect nearly a half trillion ...
[Editorial] Illegal wealth transfer

Jul 3, 2011

Chaebol owners have long sought to transfer their wealth to their children without paying taxes. One way they have developed in recent years is to have their group affiliates place sweet deals on com...
[Editorial] A new growth strategy

Jul 3, 2011

On Thursday, the government unveiled the economy management plan for the second half. Minister of Strategy and Finance Bahk Jae-wan said the government would put the policy focus on stabilizing the l...
[Editorial] A shift in policy

Jul 1, 2011

The economic policy of President Lee Myung-bak’s administration sounded more convincing than before when it revised its 2011 economic outlook on Thursday. It lowered its growth target from 5 percent ...
[Editorial] Ill-advised protest

Jul 1, 2011

One senior prosecutor has tendered his resignation in protest against the process of revising the code of criminal procedure currently underway. Several others are offering to follow suit under press...
[Editorial] Violence-free Assembly

Jun 30, 2011

The Korean National Assembly has long been notorious for violence. In one of the worst cases that took place in December 2008, opposition lawmakers even brought hammers and electric saws to smash the...
[Editorial] Tackling household debt

Jun 30, 2011

The financial regulator has come up with a packages aimed at defusing the ticking household debt bomb. The measures, unveiled Wednesday, appeared more focused on slowing the rapid growth of household...

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