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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.

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South Korea

'Explosives found in Wonsan airport ahead of Kim's inspection'

By Jun Ji-hyeExplosives found at North Korea’s refurbished Kalma International Airport at Wonsan in October caused the cancellation of leader Kim Jong-un’s planned inspection of the site, according to a U.S.-based nonprofit international broadcaster, Friday.Citing a source in Pyongyang, Radio Free Asia (RFA) reported that 100 devices, each weighing 200 grams, were found in the ceiling of an interior counter of the airport on Oct. 6 by security staff, one day ahead of Kim’s visit. The explosives are normally used to create tunnels.At the time, Kim was conducting a series of inspections of buildings and sites constructed to mark the 70th anniversary of the founding of the North’s ruling Workers’ Party that fell on Oct. 10.Citing another source, the report said that security staff are still investigating the case.The source added that the airport is not yet operating normally because the security department has demanded that the site be preserved; not ruling out the possibility that the case may remain active for some time.The report added that a resident o

Dec 4, 2015By Jun Ji-hye
South Korea

Moon attempts to recover broken relations with Ahn

By Jun Ji-hye New Politics Alliance for Democracy (NPAD) Chairman Rep. Moon Jae-in looks pensive during the party’s Supreme Council meeting at the National Assembly in Seoul, Friday./ YonhapNew Politics Alliance for Democracy (NPAD) Chairman Rep. Moon Jae-in said Friday that the party will accept 10 reformative measures proposed by former party leader Rep. Ahn Cheol-soo, apparently trying to recover the two’s damaged relations.Moon told the party’s Supreme Council that the main opposition side should reflect Ahn’s 10 proposals, aimed at rooting out corruption, in its constitution and regulation.“Moon suggested accepting Ahn’s reformative measures, and the Supreme Council voted for it,” NPAD spokesman Kim Sung-soo said.The move was regarded as Moon bidding to mend ties with Ahn that seemed to be seriously broken after the two rejected each other’s offers designed to rebuild the party to win the April general elections.On Sunday, Ahn rejected Moon’s earlier proposal to form a three-way leadership with Seoul Mayor Park Won-soon

Dec 4, 2015By Jun Ji-hye
Moon attempts to recover broken relations with Ahn
South Korea

'NK is excavating new tunnel at nuclear site'

By Jun Ji-hyeNorth Korea is believed to be excavating a new tunnel at its nuclear test site located in Punggye-ri, according to a U.S. research center that specializes in North Korea affairs, Wednesday.The conclusions reached by the center’s analysis have prompted speculation that Pyongyang is preparing for a forth nuclear test.Citing satellite imagery taken from October to November, 38 North have said that Pyongyang is excavating a new tunnel in a new area of the site in addition to the three others where the repressive state has either conducted nuclear tests or excavated tunnels in the past.“While there are no indications that a nuclear test is imminent, the new tunnel adds to North Korea’s ability to conduct additional detonations at Punggye-ri in the coming years if it chooses to do so,” said the institute.It added that it would take quite a while for the North to complete excavation of the new tunnel.   The website 38 North is run by the U.S.-Korea Institute at the Johns Hopkins School of Advanced International Studies.The isolated state has so

Dec 3, 2015By Jun Ji-hye
'NK is excavating new tunnel at nuclear site'
South Korea

US 1st armored brigade rotates to Korea in February

By Jun Ji-hyeThe United States Department of the Army has approved rotational deployment of the 1st Armored Brigade Combat Team (ABCT) of the 1st Cavalry Division from Fort Hood, Texas, to Camp Hovey, north of Seoul, in February next year, according to the Eighth Army, Wednesday.The 1st ABCT is replacing the 2nd ABCT, also from the 1st Cavalry Division, who are returning to Fort Hood.The 1st ABCT, which has the nickname “Ironhorse Team,” will deploy and conduct operations in support of U.S. Forces Korea, enhancing the capabilities of the ROK-U.S. alliance, the Eighth Army stated in a release.During their nine-month rotation, the 2nd ABCT served under the 2nd Infantry Division and the ROK-U.S. Combined Division, training with their ROK counterparts in unified land operations.The Eighth Army said that these routine deployments support the U.S. security commitment to the ROK armed forces as specified by its mutual defense treaty and presidential agreements. Such deployments are also aimed at meeting the U.S. National Security Strategy imperative to invest in the capacity of

Dec 2, 2015By Jun Ji-hye
South Korea

UN chief strongest candidate in poll

By Jun Ji-hye  United Nations Secretary-General Ban Ki-moon would beat any other candidate in the 2017 South Korean presidential election regardless of what party he would represent, a poll showed Tuesday.Ban won all hypothetical two-way races, with ruling Saenuri Party Chairman Rep. Kim Moo-sung, main opposition New Politics Alliance for Democracy (NPAD) Chairman Rep. Moon Jae-in and Seoul Mayor Park Won-soon, according to the survey, conducted by Realmeter.The result indicates that, although Ban has not yet commented publicly on his possible presidential bid, he has high chances of being elected Korea’s next president.Assuming that Ban runs under the banner of the NPAD against the Saenuri Party’s Kim, the U.N. chief garnered 55.1 percent support to the latter’s 31.7 percent.Under the assumption that Ban runs under the banner of the governing party against Moon, the former earned 55 percent support to the latter’s 33.9 percent. Against Mayor Park, the lifetime diplomat secured 51 percent to Park’s 38.1 percent.“Ban had the upper hand reg

Dec 1, 2015By Jun Ji-hye
UN chief strongest candidate in poll
South Korea

Marine Corps to defend Jeju

By Jun Ji-hyeA newly established Marine Corps brigade was tasked with defending Jeju Island and the surrounding waters, Tuesday.The 9th Brigade, comprised of some 500 marines, will replace the Jeju Defense Command which was disbanded on the same day. The command had been jointly operated by the Navy and the Marine Corps.The Navy, meanwhile, has set up the Jeju Naval Base Squadron composed of some 1,000 sailors.The Marine Corps said the new brigade will carry out integrated defense and counter-attack operations against regional provocation in a variety of situations including enemy invasion or terrorist attacks.The brigade will also conduct reconnaissance patrols at key facilities such as airports and harbors located in the South Sea region as well as responding to non-military emergencies such as natural disasters.Marine Corps Commander Lt. Gen. Lee Sang-hoon hosted the foundation ceremony attended by 500 people including marines, sailors, veterans, politicians and citizens, as well as the Navy’s 3rd Fleet Commander Kim Jong-il, on the resort island.“The activation of the

Dec 1, 2015By Jun Ji-hye
South Korea

Many NK defectors resort to selling sex in South

By Jun Ji-hyeA considerable number of female defectors from North Korea have become sex workers here after experiencing difficulties adjusting to life in the South, according to media reports.KBS, a state-run broadcaster, aired a program on Sunday night about the plight of some 40 to 50 female defectors who work at “ticket dabangs,” coffee shops that illegally sell sex, in Hwaseong, Gyeonggi Province. Some of these places are owned by North Korean defectors.The women are usually in their late 30s to mid 40s. The clients, mostly in their 50s to 70s, are not only residents of Hwaseong, but travel to the town from other regions.The women spend time with clients in karaoke and go to motel rooms with them as well as delivering coffee, which is the ostensible business activity.A female defector told the program that each client pays 25,000 won ($22) per hour for singing together in karaoke rooms. Another woman asked for a more than 100,000 won to provide sexual services when a member of the production crew disguised as a client contacted her.It was already known that ticket dab

Nov 30, 2015By Jun Ji-hye
South Korea

Koreas agree to hold vice ministerial talks

By Jun Ji-hye South and North Korea agreed Friday to hold vice ministerial talks on Dec. 11 in the North Korean border city of Gaeseong, raising hopes for easing strained inter-Korean relations.The agreement came after 11 hours of marathon negotiations that began at 12:50 p.m., Thursday, at the truce village of Panmunjeom.“We agreed that the delegation will be headed by vice ministerial-level officials. We will decide on the number of members at each other’s convenience,” said a joint press release after the meeting.The agreement followed a landmark inter-Korean deal reached on Aug. 25 when military tensions were heightened on the Korean Peninsula after a North Korean landmine in the South-controlled section of the Demilitarized Zone maimed two South Korean soldiers.In the talks, Seoul and Pyongyang are expected to discuss whether to resume the suspended Mount Geumgang tour program and normalize reunions of war-separated families, raising expectations for a thaw in inter-Korean relations.“The South stressed that the separated families issue is a major pro

Nov 27, 2015By Jun Ji-hye
Koreas agree to hold vice ministerial talks
South Korea

Consultation body for KF-X making little progress

By Jun Ji-hye Korea and the U.S. have made little progress in the establishment of a defense technology consultative body to help Korea’s troubled fighter jet program.Officials say that the two sides have yet to exchange their views on how to form the organization since the plan was announced earlier this month.The fighter jet project, codenamed KF-X, is now undergoing difficulties due to the Americans’ refusal to transfer relevant technologies from their F-35 stealth jet.“Korea and the U.S. agreed to establish the consultative group to support the KF-X project at a government level, but the plan has yet to take shape,” said Defense Ministry spokesman Kim Min-seok during a regular briefing, Thursday.   On Nov. 2, Defense Minister Han Min-koo and U.S. Defense Secretary Ash Carter decided to establish the Defense Technology Strategy and Cooperation Group, co-chaired by Korea’s Ministry of National Defense and Ministry of Foreign Affairs, and the American Department of Defense and Department of State, with participation from other relevant ag

Nov 27, 2015By Jun Ji-hye
Opinion

Only Park can clean up mess about Lockheed deal

By Jun Ji-hyeIt seems almost impossible for Korea to develop its indigenous fighter jets by the designated year of 2025 due to growing uncertainties over technology transfer from the United States.Nobody among military and government officials has taken responsibility for the botched deal with Lockheed Martin. It seems highly likely Korea will fail to receive related technologies from the U.S. firm.The Korean arms procurement agency’s repeated lies about contract terms with Lockheed have made things worse, prompting calls for a full probe into the project. Some politicians are even demanding cancellation of the Lockheed deal, asking the government to start the fighter jet program from square one.Despite all the mess, there have been no explanations from President Park Geun-hye, where the buck stops.The U.S. government first refused in April to allow Lockheed Martin, the F-35 manufacturer, to hand over four core technologies, including the active electronically scanned array (AESA) radar, to Korea for security reasons. The 8.5 trillion won KF-X project is aimed at developing fig

Nov 26, 2015By Jun Ji-hye
Only Park can clean up mess about Lockheed deal
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