KoreaTimes(202) - Editorial, Opinion, page 1

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Opinion

Editorial

Wed, January 27, 2021 | 02:57

The progressive Justice Party has faced its worst crisis since its establishment in 2012 with its leader resigning over sexual misconduct Monday. Chairman Kim Jong-cheol stepped down for sexually harassing a female lawmaker of the minority party.

2021-01-26 16:57

Broader family concepts

The Ministry of Gender Equality and Family is moving to recognize unmarried or cohabiting couples as a legally defined family. Korea's Civil Act limits the definition of a family to spouses, lineal blood relatives, brothers and sisters. The Framework Act on Healthy Families, which constitutes the basis of various family policies, also defines a family as the “basic social uni...

2021-01-26 16:52

Mapping out new strategy

The United States has vowed to map out a “new strategy” for the denuclearization of North Korea in consultation with its allies. White House Press Secretary Jen Psaki said Friday that President Joe Biden believes North Korea's ballistic missiles and other nuclear proliferation-related activities constitute a serious threat to international peace and security. “The U.S. still ...

2021-01-25 17:38

Trade imbalance with Japan

South Korea's trade deficit with Japan amounted to $20.84 billion last year, up from the $19.16 billion recorded in 2019 when Seoul's trade shortfall with Tokyo fell below $20 billion for the first time since 2003. In 2020, South Korea posted its largest trade deficit with the Middle East owing to oil imports - its deficit with Japan was the second-largest.

2021-01-25 17:36

Damage compensation

The Moon Jae-in administration and the ruling Democratic Party of Korea (DPK) have started the legislative process to allow small businesses and the self-employed to get state compensation for their losses arising from COVID-19. The move has gained momentum since Prime Minister Chung Sye-kyun instructed the Ministry of Economy and Finance, Thursday, to work out measures to he...

2021-01-24 17:02

Cold-headed restructuring

LG Electronics has floated the idea of shedding its smartphone business unit, which has accumulated aggregated losses of 5 trillion won ($4.52 billion). “We have reached a moment to make the best decision concerning our mobile business by coolly weighing its present and future competitiveness,” CEO Brian Kwon said in an email sent to employees. The management is reportedly ex...

2021-01-24 17:00

Corruption probe body kicks off

Kim Jin-wook started work Friday as the inaugural head of the new Corruption Investigation Office for High-ranking Officials (CIO) after receiving a certificate of appointment from President Moon Jae-in a day earlier. Kim's appointment comes in the wake of fierce conflict between the ruling and opposition parties over the establishment of the CIO and the selection of its firs...

2021-01-22 16:41

New start for all

Joe Biden was sworn in as the new president of the United Sates on Wednesday, raising the hope that his administration will restore the democracy severely damaged by his predecessor, Donald Trump. In his inaugural address, he called for unity by promising to bring America together. As he said, unity is the path forward to end divisive politics and heal the U.S.

2021-01-21 17:10

Female ministers' exits

President Moon Jae-in's reshuffle of three Cabinet members Wednesday sharply lowered the share of female ministers in his administration. The chief executive replaced Foreign Affairs Minister Kang Kyung-wha and SMEs and Startups Minister Park Young-sun with male nominees. The number of female ministers fell from five to three or from 27.7 percent to 16.6 percent of the total ...

2021-01-21 17:06

Bid to restart talks

President Moon Jae-in tapped former national security adviser Chung Eui-yong as his new foreign minister Wednesday, replacing Kang Kyung-wha. The nomination is taken to mean Moon's unswerving determination to revive the “peace process” on the Korean Peninsula, which has remained stalled since the collapse of a second North Korea-U.S. summit in Hanoi in February 2019.

2021-01-20 17:10

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