Authorities must take proactive measures to defuse ticking household, PF loan bombs

The banking crisis, sparked by a loss of confidence by depositors and investors, toppled several banks in the US and Switzerland. It is now spreading into the eurozone. Given the tightly interlinked nature of financial systems across the globe, it is too naive to expect that South Korea would be left unscathed. The failures of Silicon Valley Bank and Signature Bank in the past few weeks sparked turmoil in the global banking sector. After the collapse of Credit Suisse, which was taken over by UBS

Majority opposition party fast-tracks populist bills to plenary vote

The legislature should be a space where its members mediate and resolve social conflicts. But their negotiations over contentious issues are hard to watch, as only antagonism and confrontation seem to exist between the rival parties. The main opposition Democratic Party of Korea, which holds an overwhelming majority of 169 seats in the 300-member National Assembly, is wielding its legislative power as it pleases. The Assembly's passage of a revision to the Grain Management Act last Thursday