The government has hinted at a delay in launching a greenhouse gas emission trading system. A government bill put on public notice last November set the start date on Jan. 1, 2013. The Presidential Committee on Green Growth reported to President Lee Myung-bak on Thursday it would make the bill more flexible regarding the timing of implementation and allocation of emissions permits before submitti...

The decision by Standard & Poor’s to cut Japan’s sovereign credit rating by a notch to AA minus has again highlighted the fiscal mess that the Tokyo government has gotten itself into. Japan’s public debt is expected to hit 204 percent of GDP this year, the world’s highest ratio. The liabilities are forecast to surpass 1,000 trillion yen next year and, according to the International Monetary Fund...

North Korea’s chronic food shortage is no secret. Still, few would have imagined that underfed soldiers go AWOL, take farm animals away from nearby houses for food or rob civilians of their personal possessions. That is what Radio Free Asia of the United States has recently reported, quoting North Korean residents. It also reported the North Korean military has virtually canceled an annual winter...

The foot-and-mouth disease does not show any sign of subsiding. It has already spread to almost all regions in the nation. Shielded so far from the scourge of the animal disease are only two regions ― the two Jeolla provinces and Jeju Island. More than 2.7 million head of cows and pigs have been culled since the first case of the disease was reported in North Gyeongsang Province in late November...

Koreans appear to be taking an increasingly narrow definition of the family. According to a recent survey, only 23.4 percent of Koreans consider their paternal grandparents to be part of the family while 20.6 percent recognized their maternal grandparents as family members. Five years ago, 63.8 percent of Koreans counted their paternal grandparents in while 47.4 percent viewed their maternal gran...

A controversy has flared up over President Lee Myung-bak’s promise on Monday to help domestic corporations set up R&D centers in Seoul and the adjoining Gyeonggi Province. Meeting with the heads of the nation’s top 30 conglomerates, Lee said, “Corporations need high-caliber staff to increase exports and expand investment. Having R&D centers in the capital area would help attract talented research...

Economics textbooks say the market price of a good is determined by its supply and the demand for it. But demand and supply are not the only determinants in Korea. Not mentioned in the textbooks is the brute power of the Korean government, which can also influence prices. According to a weekly survey conducted on Jan. 7, 48 of the 79 daily necessitates gained and 29 declined in price. There was ...

Two weeks ago, the Korean National Police Agency issued a statement promising to end verbal abuse, beatings and other types of harassment and violence done to recruits and junior combat police. But before the ink was dry, six junior combat police went AWOL, claiming that they had been subjected to all types of abuse in barracks located in Gangwon Province. After deserting the base on the early S...

It may just be a coincidence that U.N. Secretary General Ban Ki-moon was in Oman last week while the South Korean Navy’s Cheonghae Unit rescued all 21 crewmembers of the cargo ship Samho Jewelry from Somali pirates. Some here speculate that Ban’s meeting with Omani King Qaboos bin Said Al Said may have been conducive to Oman’s support for the operation. Among his many duties as the chief executi...

Lawmakers of the National Assembly Defense Committee suggested in a roundtable with Defense Minister Kim Kwan-jin Monday that the government consider exchanging the five Somali pirates captured in the Navy commandos’ raid on the Samho Jewelry Friday with the crew of the Geummi 305 now in captivity in Somalia. Minister Kim said it was a good idea, but we do not think so. Ruling and opposition par...

Korea lost two great women writers in less than three years. Park Wan-suh, who died of cancer Friday at the age of 79, will be buried in a Catholic cemetery in Yongin, Gyeonggi Province, today. We are doubly saddened by her death as it so quickly followed the departure of Park Kyung-ri in May 2008. The passing away of the two Parks who were loved by their contemporaries not only as the writers o...

A group of opposition lawmakers left for Washington, D.C., Monday to stage a campaign against the Korea-U.S. free trade agreement which awaits ratification by the two countries’ legislatures. They are accompanied by some members of the radical Minjunochong (Korean Confederation of Trade Unions), a farmers’ association and a few other civic groups on the trip. These politicians include Rep. Chun ...

The court appears to be exercising greater caution in issuing arrest warrants now than before, making it more difficult for prosecutors to detain criminal suspects for an inquiry. That may be a source of frustration or even anger for prosecutors. But it should be welcomed from the viewpoint of human rights protection. On Jan. 13, a Seoul district court turned down a request from a prosecutor for...

The 1987 constitutional amendment was primarily aimed at putting an end to military-backed dictatorships. With democracy fully restored now, few would dispute that this aim has been attained. But the downside is what many regard as a flawed governance system. It is generally agreed that the president, banned from seeking a second term in office, has no more than three years in which to effective...

Rep. Chung Dong-young, a supreme council member of the main opposition Democratic Party, has added fuel to an escalating debate on welfare reform by calling for wealth taxes to finance the party’s universal welfare scheme. Chung, who was the DP’s candidate for the 2007 presidential election, proposed on Thursday the introduction a wealth tax and a welfare tax. The wealth tax targets the nation’s...