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The jobs debacle
The number of new jobs in July was only 5,000, the lowest number since the 2007-2008 global financial meltdown. Last year, the average monthly gain was 300,000 jobs. The number of unemployed has been hovering over one million for seven consecutive mo…
Aug 18,2018
Listen to public opinion
Seven out of 10 Koreans surveyed want power to come primarily from nuclear reactors. A group of scholars on nuclear reactors and energy policies unveiled a latest poll finding that showed 69.3 percent backing reactors operating at current levels or a…
Aug 18,2018
A nonpartisan step
We welcome the agreement between President Moon Jae-in and floor leaders of the five political parties at the Blue House to set up a consultative body to exchange their views on government policies. The floor leaders said they felt Moon’s sincerity i…
Aug 17,2018
Still sticking to a phase-out?
Although expected, the results nevertheless were stunning. The country’s state operator of nuclear reactors, Korea Hydro & Nuclear Power, logged 550 billion won ($487 million) in net losses on consolidated basis in the first half. The operation rate …
Aug 17,2018
It’s up to Pyongyang
In a speech on Liberation Day on Wednesday, President Moon Jae-in stressed that we can achieve genuine liberation by establishing a common economic community with North Korea. We agree. The division of our land shortly after our liberation from Japan…
Aug 16,2018
Still morally guilty
Former South Chungcheong Gov. An Hee-jung was found not guilty on charges of raping and sexually assaulting his personal secretary on multiple occasions during his first trial. A Seoul District Court cleared An by disagreeing with the plaintiff’s cla…
Aug 16,2018
The rush to a summit
The United States’ concerns are deepening after the two Koreas agreed to hold a third summit in Pyongyang in September. The Department of State on Monday stressed that improving inter-Korean relations cannot proceed without the denuclearization of No…
Aug 15,2018
Revisiting the nuclear phase-out
Korea’s top state enterprise and utility powerhouse Korea Electric Power Corporation (Kepco) is slipping deeper into crisis. Its consolidated operating loss widened to 814.7 billion won ($717 million) in the first half of the year, a steep turnaround…
Aug 15,2018
Moon’s challenges
In Monday’s high-level meeting in Panmunjom, South and North Korea agreed to hold a third summit between President Moon Jae-in and North Korean leader Kim Jong-un in Pyongyang in September. Despite some progress in fixing the time for a summit, the …
Aug 14,2018
Time to wake up
The government chooses to stay in self-denial despite loud and obvious alarms about the Korean economy. It claims the economy is recovering well even as data points to the opposite. The Organization for Economic Cooperation and Development’s (OEC…
Aug 14,2018
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