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Industrial accident deaths increase despite toughened punishment The number of workers who died from industrial accidents in the first quarter reached 253. Such deaths have since continued. In April, 38 people died in a fire at the construction site of a warehouse in Icheon, Gyeonggi Province, and a cement factory worker in Gangwon Province was killed after getting caught in a conveyor belt last..

Prosecutors may request arrest warrant for Lee Jae-yong Samsung Group is trying to save Lee Jae-yong, the heir-apparent of the nation's largest conglomerate, from criminal charges including using suspected illegal methods in the transfer of the group's managerial control. Lee and some top-ranking executives asked the prosecution, Tuesday, to convene a committee of outside experts to review the v..

Time to review our fight against pandemic The latest infections at “contact-free” business facilities illustrate that the COVID-19 pandemic will leave no aspect of our lives untouched. It's a dampening realization since the public was just getting over the Itaewon night club infections. But it can serve as a timely juncture to review and readjust the battle against the unknown. Responsible for s..

SpaceX launch inspires Korea to join space race more actively SpaceX, a private company founded by Tesla CEO Elon Musk, made history Saturday by sending NASA astronauts into space aboard the Crew Dragon spacecraft using a Falcon 9 rocket. The launch was the first manned space flight from the U.S. in nine years and the first by a private company. With the successful launch, NASA can rely on Space..

Lawmaker should not hide behind privileges An activist-turned-lawmaker has failed to provide a clear explanation about allegations that she misappropriated donations for the surviving victims of Japan's wartime sexual slavery. On Friday, Yoon Mee-hyang of the ruling Democratic Party of Korea called a press conference at the National Assembly only to deny all the accusations leveled against her. ..

What have relevant officials done to keep manufacturers at home? The Gumi branch of the Citizens' Coalition for Economic Justice (CCEJ) staged a rally in front of Cheong Wa Dae last Sunday, calling for the government to counterbalance LG Electronics' overseas relocation of TV production lines. It was noteworthy that citizens in Gumi, some 250 km southeast of Seoul, showed by action their concern..

North Korea should not bolster deterrence capacity North Korea is again raising tensions on the Korean Peninsula by stating it will bolster its nuclear weapons capabilities. This worrisome move was highlighted Sunday in a report from the North's official Korean Central News Agency (KCNA) that Kim Jong-un presided over a meeting of the Central Military Commission of the ruling Workers' Party to d..

Yuan's depreciation could wreck Korean economy The escalating rivalry between the U.S. and China is prompting a Cold War that could revive new rounds of a trade and technology war. It is also raising the specter of a currency war between the world's two largest economies. Market watchers are worried about a potential currency war after the People's Bank of China (PBOC) set the yuan midpoint guid..

Legislators should focus on economic recovery The 21st National Assembly will host legislators chosen by voters who quintessentially called for generational and political changes, and a bipartisan floor for a “New Korea.” Because the 20th Assembly that wraps up Friday has done one of the worst jobs in passing legislation ― just 39 percent of the 25,000 bills registered ― there is a hope that the..

Rate cut not panacea; other policies should follow Bowing to the reality the infectious and persistent COVID-19 virus has wrought, the central bank forecast that South Korea's economy will contract 0.2 percent this year. This figure is worse than the 0.2 percent growth the Korea Development Institute recently estimated, and one that lurks closer to the 1.2 percent contraction the International M..