Lee Hyo-jin covers the Bank of Korea, the banking industry and broader financial news. Her previous beats include foreign affairs, North Korea and general reporting on Korean society.
REPORTERSNOTEBOOK Unification minister's remarks send mixed signals on NK policy

Unification Minister Chung Dong-young speaks during a parliamentary audit session at the National Assembly in Seoul, Oct. 14. Yonhap
Chung Dong-young's comments on scaling down Korea-US military drills, 'two-state' theory catch security officials off guard
A minister’s words carry particular weight — all the more so when that minister leads the agency steering North Korea policy for the Lee Jae Myung administration, which seeks rapprochement with Pyongyang.
In recent months, Unification Minister Chung Dong-young's statements have often appeared uncoordinated with other security and foreign policy officials, leaving them scrambling to keep the government's message straight.
On Thursday, he told reporters that scaling down South Korea-U.S. joint military exercises might be necessary to create conditions for renewed U.S.-North Korea diplomacy.
On Monday, ministry spokesperson Yoon Min-ho clarified that Chung's comment reflected the broader implications of the exercises. While relevant ministries communicate closely, no specific adjustments are being discussed, the spokesperson said, suggesting that Chung's remarks had not been coordinated with defense officials in advance.
This is not the first time the unification minister's comments on military drills have raised eyebrows.
When Chung took office in July, he said he would recommend scaling down the annual South Korea-U.S. Ulchi Freedom Shield exercise in August, leaving military officials puzzled since preparations for the drills were nearly complete. In September, Chung suggested halting live-fire and field exercises along the inter-Korean border.
"Soldiers need to train. We cannot unilaterally stop the exercises unless the other side [North Korea] does it first," Defense Minister Ahn Gyu-back said during an October press conference, drawing a line at Chung's suggestions.
Chung's approach to inter-Korean relations, including his advocacy for a "peaceful two-state" arrangement between South and North Korea, has also underscored a lack of coordination with security officials.
In September, he stated that the government should recognize that "the two Koreas are separate states in reality." This put him at odds with National Security Advisor Wi Sung-lac, who said the government does not endorse or take a position on the two-state theory.
Chung later clarified that his comments reflected the unification ministry's stance, not the official position of the entire government.
The latest confusion arose amid speculation that U.S. President Donald Trump and North Korean leader Kim Jong-un might hold a summit on the sidelines of the Asia-Pacific Economic Cooperation (APEC) meeting that was held in late October.
On Oct. 15, the unification minister said in an interview that there was a high chance of a Trump-Kim meeting taking place during the APEC summit, citing "related information and data." He was among the few officials to express firm confidence in the prospect, as others struck a more cautious tone.
The following day, the Ministry of Foreign Affairs issued a statement regarding Chung's remarks, saying it had "no knowledge of any concrete progress" in U.S.-North Korea talks. It was highly rare for a ministry to publicly contradict a minister of another department.
Within and beyond the ministry, some worry that Chung's increasingly bold remarks could undermine his long-cultivated reputation as a veteran North Korea policymaker.
Chung, who also served as unification minister under former President Roh Moo-hyun, is a key advocate of the Sunshine Policy — a landmark engagement strategy that sought reconciliation with Pyongyang through dialogue and economic cooperation.
His return to Cabinet was viewed as a boost to a ministry that had been largely sidelined under former President Yoon Suk Yeol, whose administration took a hawkish stance on North Korea.
Since taking office, Chung has quickly restored key functions that were scaled back under Yoon, such as inter-Korean dialogue channels and humanitarian exchange programs, earning him praise from within the ministry.
Still, even a veteran policymaker can create confusion when his voice clashes with the rest of the government.
With hopes rising for a possible U.S.-North Korea summit early next year, Chung's leadership will require careful coordination with other security officials to ensure his bold ideas can translate into a coherent policy.