[Editorial] Fiscal reckoning ahead

Moody’s Investors Service downgraded the United States’ sovereign credit rating from Aaa to Aa1 on Friday — the first time in more than a century that it had done so. With US debt now surpassing $36 trillion and political dysfunction entrenched in Washington, even the world’s most trusted reserve currency is not immune to market skepticism. The downgrade is more than a symbolic setback for the US; it serves as a cautionary tale for countries like South Korea, where the warning signs are increasi

May 21, 2025

[Editorial] Keep your promise

Lee Jae-myung, presidential candidate of the liberal Democratic Party of Korea, on Sunday proposed amending the nation's Constitution to allow a president to serve two four-year terms. He said the two-term presidency would not apply to the sitting president, as specified by the current Constitution. This means that if he is elected as the next president, he would serve a single five-year term even if the Constitution is amended while in office. His proposal strengthens the power of the National

May 20, 2025

[Editorial] A resignation too late

As South Korea’s presidential election approaches on June 3, former President Yoon Suk Yeol formally left the conservative People Power Party on Saturday and urged voters to rally behind the party’s embattled presidential candidate, Kim Moon-soo. Yoon’s departure came not from a moment of clarity or political integrity but from growing unrest within the People Power Party, which has struggled to reconcile its democratic image with a former leader tainted by constitutional disgrace. On April 4, Y

May 19, 2025