[Editorial] Quixotic war on prices

Shortly after he was inaugurated in February 2008, President Lee Myung-bak selected 52 daily necessities and put their prices under tight control. Still, items whose prices gained continued to outnumber those whose prices fell.Since inflationary pressure started to build appreciatively during the second half of last year, the Lee administration has been monitoring changes in their prices around th

July 21, 2011

[Editorial] Scary bullet trains

It’s really past time for Korea Railroad Corp. to stop the operations of its problem-ridden bullet trains and make a comprehensive safety check. This year alone, KTX high-speed trains have stopped 36 times for various reasons, including derailment and equipment malfunctions. This is an unmistakable sign that something is seriously wrong with Korail’s high-speed trains. In a latest incident that to

July 20, 2011

[Editorial] Unification tax

On Aug. 15 last year, President Lee Myung-bak proposed the introduction of a unification tax to secure the funds that would be needed to finance reunification with North Korea. Given that the North is, for all intents and purposes, an economic basket case, it is impossible to dispute the need for the South to prepare for reunification. But this does not necessarily mean that the public would welco

July 20, 2011

[Editorial] Rival’s assessment

It may be pleasing for our manufacturing giants to hear a major Japanese business newspaper admit Korea’s overtaking or close chase of Japanese rivals in the global market with such top-line products as cars, ships and appliances. But what is important is paying attention to how they assess the factors of success and failure in the intense rivalry between the two neighbors.In an article titled “So

July 19, 2011

[Editorial] Free lunch poll

“Are you in favor of providing free school lunch ― by stages until 2014 ― for students from families in the lower 50 percent income level?”“Are you in favor of providing free school lunch for all students regardless of their families’ income level ― from this year at elementary schools and from next year at middle schools?”The above are the two questions that will be asked to Seoul citizens when a

July 19, 2011

[Editorial] Unions at Samsung

Samsung Group’s virtual absence of working trade union gives the 200,000 employees at its 78 subsidiaries both pride and embarrassment. As the nation’s labor movement entered a new phase with the legalizing of multiple unions at a single workplace, some change may be expected at Samsung. But what has so far happened at Korea’s number one conglomerate disappoints many unionists.A labor union at Sam

July 18, 2011

[Editorial] Looking at Fukushima

The world has had other affairs since the March 11 earthquake and tsunami in northeast Japan. Media outlets are devoting less and less space and time to the aftermath of the disaster. But employees of the Fukushima No. 1 Power Plant, government officials, the residents of Fukushima prefecture and volunteers are still struggling at the limits of human perseverance to contain the nuclear damage that

July 18, 2011

[Editorial] Japan’s nonsensical move

Japan’s Foreign Ministry has perplexed us by ordering its officials not to use Korean Air for a month starting today. The reason for this ban was a demonstration flight the private airliner recently conducted with its newly introduced Airbus A380 over Dokdo, Korea’s easternmost islets.One may wonder why the Japanese ministry instructed a boycott of the Korean carrier for test flying its newest pas

July 17, 2011

[Editorial] Korea-China defense ties

South Korea and China have agreed to restore bilateral military relations, which have remained sour following North Korea’s torpedoing of the South’s warship Cheonan in March last year and subsequent shelling of Yeonpyeong Island in October. The agreement was reached between Defense Minister Kim Kwan-jin and his Chinese counterpart Liang Guanglie during their talks in Beijing on Friday.According t

July 17, 2011

[Editorial] Chaebol-driven economy

Korea’s economy is led by a handful of large business groups, most of them being family-controlled chaebol. Their influence is growing, as evidenced by an increase in their contribution to the nation’s gross domestic product. The 10 largest business groups, on an asset basis, accounted for 75.6 percent of GDP last year, up 20.6 percentage points from 2008.Another measure of their dominance in the

July 15, 2011

[Editorial] For-profit hospitals

The long drawn-out controversy over the establishment of for-profit hospitals in Korea has been rekindled as the government and the ruling Grand National Party seek to pass bills allowing such hospitals on Jeju Island and in the Incheon Free Economic Zone. If passed through the National Assembly in August as planned, the bills will allow private investors to set up and operate hospitals in the two

July 14, 2011

[Editorial] Small is beautiful

The government and the ruling Grand National Party have agreed to increase the number of welfare staff at local governments by 30 percent to improve the administration of social welfare programs. Under the plan, announced Wednesday, the government would add 7,000 new public officials to the existing workforce by 2014.The plan is aimed at easing the shortage in field workers responsible for deliver

July 14, 2011

[Editorial] Difference or prejudice

The bills that are not moving along in the process of legislation number 6312. As the leader of the ruling Grand National Party says, it is shameful for each standing committee of the National Assembly to sit on hundreds of bills.The ruling party has decided to speed up the legislation process when the National Assembly opens an extraordinary session next month. That is a welcome decision. Among t

July 13, 2011

[Editorial] Roads to reelection

Lawmakers are jockeying for position ahead of party nominations, though eight long months are left until the next general elections. Some are abandoning their existing constituencies in search of new electoral districts. Others are jumping ship in factional regrouping.But these efforts to enhance their chances of being nominated again should not come as a surprise. All members of the National Asse

July 13, 2011

[Editorial] Unrealistic proposal

Rep. Chung Dong-young, an executive member of the opposition Democratic Party, raised the issue of co-hosting the 2018 Winter Olympics with North Korea and DP Chair Sohn Hak-kyu endorsed it in a top-level meeting Monday at Alpensia Resort, which will be the main venue of the Games seven years later. “We should consider it seriously and earnestly,” he said. The party’s rank-and-file loyalists appar

July 12, 2011

[Editorial] Supporting ‘hallyu’

As Korean movies, TV dramas and music and dance shows gain popularity worldwide, there are calls for greater government support to accelerate their dissemination, preferably through the work of overseas Korean cultural missions. We believe there are better ideas.It is true that popular entertainment products contribute a lot to a country’s overall profile and their so-called brand power. Koreans,

July 12, 2011

[Editorial] Corporate luxury cars

Companies buy luxury cars for a variety of business purposes. Keeping fleets of expensive cars might demonstrate business strength and add to corporate creditability. Nothing wrong if company owners, their spouses and children holding executive positions drive these corporate cars for commuting or on local tours with domestic or foreign clients.It is a totally different matter, however, if the son

July 11, 2011

[Editorial] 2018 and North Korea

Even at the height of celebrations over winning the right to host the 2018 Winter Olympic Games in the city of PyeongChang, South Koreans have a shadow of anxiety as to how North Koreans might be reacting to it. This is because the past decades history of inter-Korean relations over the includes some extremely serious incidents which analysts linked to the North’s attempt to disrupt major sports f

July 11, 2011

[Editorial] Household change

A family comprising parents and two children has long been the Korean household prototype. But households are changing like everything else. A recent census has proven that model to be outdated. The new findings demand a change in housing, welfare and other government policies that are focused on the outdated prototype.In 2000, households of four people ― mostly parents and children ― accounted fo

July 10, 2011

[Editorial] Abuse in the barracks

Acts of physical abuse committed out of personal malice and those of harsh discipline administered without being sanctioned are prevalent in the barracks. One report comes after another about enlisted men being humiliated, beaten up, sexually abused or ill treated in other ways. But the military authorities have taken few effective measures to prevent them.A report from the Ministry of National De

July 10, 2011