my timesThe Korea Times
jjh

Jun Ji-hye

Korea Times Finance Reporter

Hello, I am Jun Ji-hye, a reporter at The Korea Times. I primarily cover financial authorities and write articles on a wide range of topics related to finance and capital markets. If you have any information to share, feel free to email me at jjh@koreatimes.co.kr, and I will review it carefully. I am committed to always doing my best to communicate with readers through high-quality articles.

Go to Email

Read more

South Korea

Defense ministry caught diverting funds

By Jun Ji-hyeThe Ministry of National Defense diverted funds to illegally subsidize a school for the children of military officers, the state auditor announced Thursday.Between 2011 and 2014, the ministry received a total of 35 billion won ($30 million) in subsidies allocated to build a dormitory for Hanmin High School, a boarding school for the children of officers founded last year in Paju, Gyeonggi Province.However, the money was used to build a new school building, not a dormitory, according to the Board of Audit and Inspection (BAI).The auditor said the ministry consequently violated the National Finance Act because the government subsidy was used for other purposes.An inspection was launched at the request of the National Assembly, looking into the Ministry of Strategy and Finance, the Ministry of Education and the Ministry of National Defense.  The state auditor said the use of government subsidies in the construction of the school building also violated the Elementary and Secondary Education Act that states the government cannot form a financial basis to establish a priv

Dec 24, 2015By Jun Ji-hye
South Korea

Evidence of NK's Cheonan attack damaged

By Jun Ji-hye A handwritten “number one” in Korean script is clearly visible on the propeller of a North Korean torpedo in the above photo taken on May 15, 2010, about two months after the North sank a South Korean warship, Cheonan. But it can be seen that the script has almost been erased in the photo below, taken Wednesday, due to corrosion of the propeller. / YonhapA propeller of a North Korean torpedo, which has been regarded as conclusive evidence proving the North’s responsibility for the deadly attack on the ROKS Cheonan in 2010 is corroding rapidly without proper preservation measures.Officials said Wednesday the propeller, currently on display at a Ministry of National Defense building, has corroded badly over the past five years. What was handwritten on the propeller, apparently by a North Korean solider, is almost erased and can be hardly recognized.  The handwriting of “number one” in Korean was cited as key evidence showing that the North was responsible for the sinking of the 1,200-ton Cheonan in the West Sea in March 2010, killin

Dec 23, 2015By Jun Ji-hye
Evidence of NK's Cheonan attack damaged
South Korea

Generals caught misusing military vehicles

By Jun Ji-hyeA total of 10 generals and other high ranking military officers have been caught using military vehicles for private purposes, the state auditor said Wednesday.This is the first time that the Board of Audit and Inspection (BAI) has investigated the use of military vehicles.The BAI said that the 10 are among those who are under investigation for misusing military vehicles and the tax-free fuel provided for the vehicles. It plans to announce the results of its audit soon and ask the military to take disciplinary measures.The suspects include a division commander of a border unit, the agency said, without disclosing any names.“They were caught using official vehicles to go and play golf during weekends or holidays, or to attend private gatherings,” said a government official on condition of anonymity. “Some appeared to use the vehicles during their vacations.”  The inspection came after the National Assembly asked the state auditor in September to look into whether the ministry set clear criteria for the use of vehicles by the military, which al

Dec 23, 2015By Jun Ji-hye
South Korea

Seoul-Beijing EEZ talks face touch road ahead

Second Vice Foreign Minister Cho Tae-yul, right, and Chinese Vice Foreign Minister Liu Zhenmin shake hands at the Ministry of Foreign Affairs in central Seoul, Tuesday, ahead of their talks to solve disputes over overlapping exclusive economic zones in the West Sea. / YonhapOfficials meet in Seoul for first time in seven yearsBy Jun Ji-hyeKorea and China resumed talks Tuesday to resolve their overlapping exclusive economic zones (EEZ) in the West Sea, the first round of discussions on the issue since 2008.However, many experts say the negotiations will take years because the two sides remain poles apart on key issues.The dialogue began again after President Park Geun-hye and her Chinese counterpart Xi Jinping reached an agreement to do so in July 2014.An EEZ is a sea zone that extends 200 nautical miles from a nation’s coastline in which special rights regarding exploration and the use of marine resources are provided under the United Nations Convention on the Law of the Sea (UNCLOS).The longstanding bilateral dispute has continued because the EEZs of the two sides partial

Dec 22, 2015By Jun Ji-hye
Seoul-Beijing EEZ talks face touch road ahead
South Korea

Seoul, Beijing to resume EEZ talks Tuesday

By Jun Ji-hyeKorea and China will hold talks in Seoul Tuesday on the demarcation of their maritime boundaries, aimed at resolving the issue of their overlapping exclusive economic zones (EEZ) in the West Sea, according to the Ministry of Foreign Affairs, Monday.The talks, led by Second Vice Foreign Minister Cho Tae-yul and Chinese Vice Foreign Minister Liu Zhenmin, come after President Park Geun-hye and her Chinese counterpart Xi Jinping agreed in July 2014 to reopen negotiations to solve bilateral disputes over the overlapping EEZs.From 1996 to 2008, Seoul and Beijing held 14 rounds of director-level negotiations over the demarcation, but to no avail due to a wide difference of opinion between the two sides.The negotiations were upgraded from the director level to the vice ministerial level this time in an effort to resolve the longstanding dispute, the ministry said.  The EEZ is a sea zone which stretches out 200 nautical miles from the coastline, over which a country has special rights regarding the exploration and use of marine resources.Korea claims that a median line

Dec 21, 2015By Jun Ji-hye
South Korea

T-50 crash in Indonesia unnerves KAI

T-50 trainer jetBy Jun Ji-hyeThe crash of a T-50 supersonic trainer in Indonesia that killed two pilots, Sunday, is expected to deal a blow to Korea Aerospace Industries’ (KAI) bid to win a 10 trillion won deal in the U.S., aimed at replacing the U.S. Air Force’s outdated fleet of T-38 training aircraft in 2017.The KAI T-50 Golden Eagle was co-developed in 2006 with Lockheed Martin, using the U.S. firm’s core technologies, including the avionics system and engine.Defense observers say if problems with the aircraft are determined to be the cause of the crash, it will deal a serious blow to the plans of Korea’s sole aircraft manufacturer to join the T-X program, through which the U.S. plans to purchase 350 new aircraft.The U.S. government is expected to give public notice of the bid in the second half of next year.On Sunday, the aircraft taking part in an aerobatic show spun out of control and crashed into an air force base complex near Adi Sutjipto Airport in Yogyakarta, a tourist destination on the main island of Java, according to the AP.It was the first cras

Dec 21, 2015By Jun Ji-hye
South Korea

UN sanctions sticking point to inter-Korean tours

By Jun Ji-hyeThe government said Sunday that United Nations sanctions that ban “bulk cash” transfers to North Korea cannot be ignored while South Korea is considering resuming the suspended joint tour program to Mount Geumgang.“It is hard to say clearly that the U.N. sanctions and the resumption of the tour program are unrelated to each other,” said a high-ranking government official, on condition of anonymity.The official noted that the heart of the question is whether bulk cash is siphoned into the North’s development of weapons of mass destruction (WMDs), adding that it is important how Pyongyang uses the money it would earn from a resumption of the tour program.The comment came after the South proposed, during the vice ministerial talks on Dec. 11 and 12, holding working-level talks with the North in late January to discuss the resumption of the joint tour program. Pyongyang repeatedly urged Seoul to discuss the issue during the meeting.However, opponents have raised concerns that the resumption of the tours could violate U.N. sanctions that ban bulk

Dec 20, 2015By Jun Ji-hye
South Korea

Ban says talks on possible visit to NK still under way

By Jun Ji-hye U.N. Secretary-General Ban Ki-moon said Wednesday that discussions with North Korean officials are still under way to determine when his first visit to the repressive state will take place.“It’s still under discussion with the authorities of North Korea,” Ban said in a year-end news conference. “I sincerely hope that we will be able to find a mutually convenient date as soon as possible. And this is all I can tell you at this time.”The remark came after Stephane Dujarric, spokesman for the U.N. chief, first confirmed on Nov. 18 that the talks with Pyongyang on Ban’s visit are ongoing.If Ban’s visit is realized, he is highly likely to meet with North Korean leader Kim Jong-un. During the meeting, Ban is expected to talk about a variety of pending issues including the North's nuclear ambitions and human rights violations.Should the trip happen, Ban will be the third U.N. secretary-general to visit North Korea after Kurt Waldheim in 1979 and Boutros Boutros-Ghali in 1993, but his envisioned visit is drawing keen attention in p

Dec 17, 2015By Jun Ji-hye
South Korea

Lockheed will upgrade KF-16 jets

KF-16 fighter jet$1.9 bill contract to be signed soonBy Jun Ji-hyeThe nation’s arms procurement agency said Wednesday that it has concluded a deal with U.S. defense giant Lockheed Martin on a project to upgrade the warfare capabilities of the ROK Air Force’s 134 KF-16 fighter jets.Defense Acquisition Program Administration (DAPA) spokesman Col. Kim Si-cheol said the two sides are negotiating over a price of about $1.9 billion (2.2 trillion won), and are planning to sign the deal by the end of the year.The announcement came about a year after an initial deal with the U.K.-based BAE Systems was canceled after the DAPA was asked by the U.S. to pay 800 billion won more -- 500 billion won to the U.S. government and 300 billion won to BAE. At the time, the U.S. and the company cited that the risk cost in implementing the project had increased.“DAPA will push for the project by changing companies in order to upgrade the aircraft from BAE Systems to Lockheed Martin, and also push Lockheed to provide the active electronically scanned array (AESA) radar for the fleet from Ray

Dec 16, 2015By Jun Ji-hye
Lockheed will upgrade KF-16 jets
South Korea

Disabled South Sudanese boy treated in Korea

An 11-year-old South Sudanese boy, Reng Garang Reng, receives treatment for his bowed legs at the Gangnam Severance Hospital in Seoul, Wednesday, while his cousin Ayuen Deng Reng looks on. / Courtesy of Joint Chiefs of Staff By Jun Ji-hye An 11-year-old South Sudanese boy suffering from being bow-legged is receiving surgery and treatment at Gangnam Severance Hospital in Seoul, thanks to financial support from the hospital and Chunil Automobile, an import car dealer in Korea.Reng Garang Reng, who has had difficulty walking due to being bowlegged, arrived in Korea Tuesday, and will undergo surgery Thursday.The support from the hospital came at the suggestion of Korea’s Hanbit Unit made up of 280 Koreans, mostly engineers and medical specialists, stationed in South Sudan as part of the U.N. peacekeeping forces there.The hospital vowed to pay 40 million won ($34,000) and the company 20 million won to pay for all the expenses for the surgery, treatment and accommodation here, according to the Joint Chiefs of Staff (JCS).  The company previously signed a memorandu

Dec 16, 2015By Jun Ji-hye
Disabled South Sudanese boy treated in Korea
previous page
166167168169170
next page

Top 5 stories

Korea Times
About Us
Introduction
History
Contact Us
Products & Services
Subscribe
E-paper
RSS Service
Content Sales
Site Map
Policy
Code of Ethics
Ombudsman
Privacy Policy
Youth Protection Policy
Terms of Service
Copyright Policy
Family Site
Hankookilbo
Dongwha Group
FacebookXYoutubeInstagram
CEO & Publisher: Oh Young-jinDigital News Email: webmaster@koreatimes.co.krTel: 02-724-2114Online newspaper registration No: 서울,아52844Date of registration: 2020.02.05Masthead: The Korea TimesCopyright © koreatimes.co.kr. All rights reserved.