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Ruling party lacks sense of crisis after Cho case The ruling Democratic Party of Korea (DPK) has come under growing criticism for failing to listen to the voices of the people since the nation was sharply divided over the controversial appointment of Cho Kuk as justice minister. There is a sense of crisis for the survival of the liberal party among reform-minded party members...

North should accept South's humanitarian aid offer North Korea faces a worsening food shortage due to adverse weather conditions, prompting an urgent need for food assistance to the impoverished and isolated country. The U.N. Food and Agriculture Organization (FAO) has painted a dire picture of the food situation in the North, saying that four out of every 10 North Koreans urg..

Korea, Japan should look for negotiated solution Prime Minister Lee Nakyon is scheduled to begin a three-day visit to Tokyo on Tuesday to attend Japanese Emperor Naruhito's coronation. Lee's visit is drawing attention because he is expected to try to break the ice in the frosty relations between Korea and Japan. Lee will be the highest-level Korean official to visit our Asian ..

The United States is making a "far more excessive" level of demands in the ongoing defense cost-sharing talks with South Korea, Seoul's Foreign Minister Kang Kyungwha said Thursday. "It is true that the U.S. is making a much higher level of demands than before, so preparing a pan-governmental strategy is crucial for the allies to narrow their differences on the issue," she tol..

Presale price ceiling system may rattle property market On Tuesday the government approved a controversial scheme to cap presale prices of apartments to be built on private land. It plans to announce a list of "overheated speculative areas" early next month which will be subject to the price cap. The list is likely to include Seoul's affluent southern districts and other specu..

It is imperative to reform debt-ridden state enterprises State-owned companies are often called “divine workplaces,” as they offer job security and handsome pay. They usually top the list of the most coveted jobs among college graduates. But lax management, caused mostly by a monopolized market and the nepotistic appointment of executives, tells why it is imperative to refo..

Country needs exit from Cho Kuk turmoil The largest conservative Liberty Korea Party (LKP) will organize another political rally at Gwanghwamun in central Seoul, Saturday, even though Cho Kuk has already stepped down as justice minister. LKP floor leader Rep. Na Kyungwon made it clear Friday that the party will continue to hold such rallies, describing Cho's resignation as onl..

Government should create favorable environment for doing business Samsung Display said Thursday that it would invest 13.1 trillion won ($10.9 billion) into the next-generation display business by 2025. The Samsung Electronics subsidiary aims to maintain technological competitiveness by converting part of its massive liquid crystal display (LCD) lines into state-of-the-art quan..

Seoul, Tokyo should make efforts to restore relations Japan has decided to return a South Korean-made statue symbolizing "comfort women" to an art exhibition in Nagoya after its abrupt withdrawal drew a strong backlash from artists around the world. The decision, although late, is a step in the right direction. It proves that an earlier decision to withdraw the statue from the..

Korea should boost corporate morale to prevent economy's fall The International Monetary Fund (IMF) lowered its growth forecast for South Korea this year from 2.6 percent to 2 percent in its global economic outlook released Tuesday. The IMF also revised down Korea's gross domestic product (GDP) growth for next year to 2.2 percent from the 2.8 percent projected in its April rep..