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Raising corporate value should be top priority Hanjin Group Chairman Cho Won-tae has defended his control over management of Hanjin KAL, the group's holding company, in a feud with his elder sister Cho Hyun-ah. During the firm's shareholders meeting Friday, 56.67 percent of shareholders supported the reappointment of the chairman as an executive director. The shareholders also..

Global cooperation key to fighting pandemic The leaders of the Group of 20 major economies have promised to step up international cooperation in fighting the coronavirus pandemic. During a video summit Thursday, they agreed to present a united front against COVID-19 ― a common threat to global public health. They also committed to do whatever it takes to minimize the negativ..

Time to minimize economic fallout from pandemic President Moon Jae-in's decision to double an economic rescue package to 100 trillion won ($80 billion) reflects his determination to minimize the economic damage arising from the coronavirus pandemic. This massive package also reflects a sense of crisis that the Korean economy may collapse due to a potential credit crunch amid t..

Good to conduct tests on all travelers from US The government said Wednesday it will conduct coronavirus tests on all passengers arriving from the United States, and place them under a mandatory two-week self-quarantine beginning Friday, regardless of whether or not they have symptoms. The administration had already implemented similar measures for all arrivals from Europe last..

Fundamental solution needed to eliminate abuse of women Public rage is soaring at a “sex slave” video case, in which heinous predators made and distributed videos and photos of women being abused, including underage girls, for commercial gain through group chat rooms of the Telegram messenger service. On Monday, President Moon Jae-in stepped in, calling for a thorough inve..

Tokyo has lost sober judgment over Dokdo sovereignty claim The Japanese government's preposterous assertion that “Korea is illegally occupying Dokdo” will likely appear in most of that country's middle school textbooks to be used next year. Tokyo's absurd territorial claim over the volcanic outcroppings in the East Sea is not exactly news but is getting stronger with every..

North should refrain from escalating tension North Korea has again come under criticism for launching what appeared to be short-range ballistic missiles toward the East Sea. The country fired the two projectiles from Sonchon in North Pyongan Province early Saturday morning. They flew about 410 km with a maximum altitude of 50 km before landing in the sea. The launches are a pr..

Nothing is more important than safety The International Olympic Committee (IOC) has finally acknowledged the need to postpone the Tokyo Olympics, scheduled for July 24 to Aug. 9, as the spread of COVID-19 worldwide has largely disrupted preparations in Japan and other countries. Japanese Prime Minister Shinzo Abe also said for the first time Monday that a postponement would be..

State should draw up guidelines about cash payments Gyeonggi Province has unveiled a plan to pay a disaster-related basic income of 100,000 won ($80) to each resident in April to help them overcome the economic fallout from the coronavirus pandemic. Gyeonggi will be the first local government here to deliver universal payments to all residents.The payment will be made in vouch..

What is needed first is to rescue companies in trouble The specter of mass layoffs is haunting the world as the coronavirus crisis throws the global economy into turmoil. The International Labor Organization (ILO) forecasts the new coronavirus will "increase global unemployment by almost 25 million," compared with 22 million in the 2008 global financial crisis. After a recent ..