[Editorial] Damaging consent

The Democratic Party of Korea on Monday decided to push through a bill to require the government to obtain consent from the National Assembly before allowing exports of defense articles. If the Defense Industry Development and Support Act is revised as written by Democratic Rep. Kim Byung-joo, the government will have to ask the Assembly if it assents to such exports. Lawmakers will then have 30 days to deliberate on the request behind closed doors and make a decision. Every instance of defense

Nov. 7, 2024

[Editorial] Intel, a cautionary tale

In South Korea, Intel and Samsung Electronics used to be mentioned together as the leading examples of innovative frontrunners in the global tech business. Yes, they were; however, they no longer enjoy such flattering comparisons. Trouble-laden Intel is set to be replaced by Nvidia on the Dow Jones Industrial Average index Friday, a shocking setback for the US-based chipmaker in a changing landscape where even a technology behemoth can get kicked out of the index of blue-chip companies. The deci

Nov. 6, 2024

[Editorial] Beat populism

The National Assembly on Monday started in earnest to deliberate on the 667.4 trillion won ($483.4 billion) government budget for next year. The budget increased a modest 3.2 percent year over year. Deliberation ends in the general meeting of the Special Committee on Budget and Accounts on Nov. 29. Voting on the budget bill is slated for Dec. 2 in the Assembly plenary session. The ruling People Power Party makes much of fiscal austerity, while the main opposition Democratic Party of Korea regard

Nov. 5, 2024