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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

Officials visit NK for trans-Korea project

By Jun Ji-hyeA South Korean delegation arrived in North Korea’s northern port city of Rajin, Tuesday, to study the feasibility of a joint logistics project to transport coal from Russia and between the two Koreas.A train departing from Russia’s Vladivostok crossed the border into North Korea carrying a team of 20 government officials and corporate representatives from POSCO, Hyundai Merchant Marine and Korail, according to the Ministry of Unification.The three countries are now inspecting facilities ahead of the launch of the so-called Rajin-Khasan project, aimed at transporting bituminous coal produced in Western Siberia to South Korean ports through North Korea’s Rajin and Russia’s Khasan.The facilities have been tested successfully twice ― the South Korean firms previously received 45,000 tons and 140,000 tons of Russian bituminous coal through Khasan and Rajin.A third test is now underway.This time, 120,000 tons of bituminous coal will be transported to Rajin along a 54-kilometer railroad linking the North Korean city to Khasan.Then, ships will transp

Nov 17, 2015By Jun Ji-hye
South Korea

Terrorist attacks in Paris sparks debate on anti-terrorism bills

By Jun Ji-hyeA debate on whether to pass a number of long-dormant anti-terrorism bills was reignited between the rival parties, Monday, following the terrorist attacks on Paris that killed over 130 people.First submitted to the National Assembly 14 years ago soon after the Sept. 11 terrorist attacks, the bills have been pending due to wide differences on their content between the rival parties.The ruling Saenuri Party said that the long-awaited anti-terrorism legislation, which would provide the National Intelligence Service (NIS) with a control tower role for the prevention of terrorism, should be passed this time, citing the events in Paris as the reason to do so.But the main opposition New Politics Alliance for Democracy (NPAD) expressed concern that such bills will only give the NIS superpowers outside the law that will enable the agency to carry out surveillance of civilians.A total of five bills, all submitted by Saenuri Party lawmakers, are currently pending at the 19th National Assembly ― mostly calling for the establishment of a counter-terrorism center at the NIS which

Nov 16, 2015By Jun Ji-hye
South Korea

FBI's help sought in defense corruption probe

‘American arms dealer bribed Korean officials’ By Jun Ji-hyeKorean investigators have asked the U.S. Department of Justice and the Federal Bureau of Investigation (FBI) to provide banking records of a Korean-American arms dealer involved in a high-profile defense corruption scandal here, the prosecution said Monday.Ham Tae-heon, an American citizen, is facing allegations that he bribed Agency for Defense Development (ADD) President Jung Hong-yong and former Joint Chiefs of Staff (JCS) Chairman Choi Yoon-hee in exchange for business favors.The 59-year-old is known to be running an arms brokerage firm and an Army tank components manufacturer in Korea.The prosecution’s request to the U.S. is part of its efforts to secure evidence. A request from it for an arrest warrant for Ham was rejected by a district court Wednesday.According to prosecutors, Ham admitted that he gave Jung’s son tens of millions of won to help him cover the cost of studying abroad.  The ADD is a state-run defense research center. The money was given to his son soon after Jung wa

Nov 16, 2015By Jun Ji-hye
South Korea

Kim Jong-un's reign of terror continues

By Jun Ji-hye The alleged dismissal of Choe Ryong-hae, one of North Korean leader Kim Jong-un’s key confidants, has once again provided evidence of the young dictator’s continued reign of terror, analysts said Friday.They said that Choe, once cited as Pyongyang’s no. 2 man following the 2013 purge of former no. 2 man Jang Song-thaek, seems to have been relieved of his post as secretary of the Central Committee of the ruling Workers’ Party and now be performing hard labor on a collective farm.Just two months ago, Kim dispatched Choe to Beijing where he met with Chinese President Xi Jinping during China’s celebrations of the 70th anniversary of the end of World War II.Observers say Kim showed once again that he is a barbaric dictator by promptly removing Choe -- although the leader did not go to extremes by sparing his life this time. The reason for the punishment against Choe is unknown.They noted that punishments against high-ranking officials in the North include execution, hard labor at a collective farm and writing a paper of self-criticism at ho

Nov 13, 2015By Jun Ji-hye
South Korea

NPAD committed to national security ahead of elections

By Jun Ji-hye The main opposition New Politics Alliance for Democracy (NPAD) is showing signs of a commitment to national security in what seems to be an effort to appeal to middle-of-the-road voters before next year’s general elections.To that end, the NPAD has established an intraparty institute for defense analysis, Thursday, made up of 20 former military commanders. They will work as researchers, suggesting alternatives to the government’s security policies, according to the party.Those who joined the NPAD include Song Young-moo, former chief of naval operations, and Lee Yong-ha, former vice chief of staff of the Air Force.Many see this as the party’s move to attract a wider range of voters with just five months before the April 13 general elections.The move is also in line with NPAD Chairman Rep. Moon Jae-in’s emphasis on the importance of national security.“We will do our best with a large number of people joining the party in order to win the general elections,” NPAD spokeswoman Rep. Yoo Eun-hae said.With the defense research center, th

Nov 13, 2015By Jun Ji-hye
South Korea

Turn Toward Busan honors fallen UN soldiers

Korean War veterans who fought under the U.N. flag salute during the Turn Toward Busan ceremony, arranged by the Ministry of Patriots and Veterans Affairs, at the U.N. Memorial Cemetery in Busan, Wednesday. / YonhapBy Jun Ji-hyeThe late Robert Steed Holman McCotter when he joined the British Army in 1948./ Courtesy of the Ministry of Patriots and Veterans AffairsBUSAN — Hundreds of Korean War veterans around the world offered a moment of silence on Wednesday, turning to face the direction of Busan where the fallen U.N. soldiers killed during the war are buried.In the South Korean port city, 40 veterans from 11 countries including the United States, the United Kingdom, Canada and Turkey attended the ceremony that began at 11 a.m. in the United Nations Memorial Cemetery (UNMCK).The Turn Toward Busan ceremony, arranged by the Ministry of Patriots and Veterans Affairs, was simultaneously observed in Canada, New Zealand and the Philippines. The ceremony was held in some 40 cities of the 21 nations that fought together to safeguard freedom decades ago.The cemetery is the only place i

Nov 11, 2015By Jun Ji-hye
South Korea

KF-X project requires much more scientists

By Jun Ji-hyeThe state-run defense science center plans to hire 40 more researchers and technicians who will be tasked with developing an advanced radar system for the country’s domestically made fighter jets.This is part of a plan to develop Korea’s own jet, codenamed KF-X, by 2025.An official from the Agency for Defense Development (ADD) told reporters on the condition of anonymity, “We asked the government to more than triple the number of research personnel to develop the active electronically scanned array (AESA) radar to 50.”The AESA radar is one of the four core technologies necessary for developing high-tech fighter jets. The remaining three are infrared search and track (IRST), electronic optics targeting pod (EOTGP) and radio frequency (RF) jammer.Currently, less than 20 people at the ADD are working on the radar system.The official noted that the institute is also going to ask the government to increase the relevant budget.The KF-X project calls for the development of the fighter jets to replace the Air Force’s aging fleet of F-4s and F-5s. Th

Nov 10, 2015By Jun Ji-hye
South Korea

ROK naval band to attend Japanese forces' music festival

By Jun Ji-hyeA South Korean naval band will attend an annual music festival hosted by Japan’s Self-Defense Forces from Wednesday in Tokyo for a five-day run, according to the Ministry of National Defense, Monday.This is the first time for a Korean military band to participate in the event since 2007.The participation is in line with a recent agreement between defense chiefs to strengthen bilateral military exchanges.   The ministry said the 59-member naval band, which includes nine civilian dancers, will play “Arirang,” a Korean traditional folk song, during its performance. They will also jointly perform with bands of the United States and Japan.The participation of the nation’s military band in the Japanese forces’ music festival was agreed upon during the bilateral meeting between Defense Minister Han Min-koo and his Japanese counterpart, Gen Nakatani, on Oct. 20 in Seoul.However, some critics raised questions about whether it is proper for a military unit to perform in a festival hosted by Japanese forces amid ongoing controversies concerni

Nov 9, 2015By Jun Ji-hye
South Korea

Korean War veterans to visit Korea

By Jun Ji-hyeNinety veterans of the Korean War from U.N. allied nations and their families will visit Korea next week, the Ministry of Patriots and Veterans Affairs said Friday.The war veterans and their families from 11 countries, including the United States, the United Kingdom, Canada and Turkey, will arrive here Monday for a six-day visit at the invitation of the ministry.They will attend a commemorative ceremony to be held Wednesday in honor of and as a tribute to the U.N. soldiers killed during the 1950-53 Korean War.The Turn Toward Busan International Commemorative Ceremony will be held at the U.N. Memorial Cemetery in the southern port city of Busan. The ceremony calls on people from around the world to offer a one-minute silent tribute to fallen U.N. soldiers by facing toward Busan wherever they are at 11 a.m.Those invited include Vincent Courtenay, a Canadian Korean War veteran, who in 2007 first inspired commemorative ceremonies to be held worldwide to give silent tribute simultaneously to fallen U.N. soldiers.The family of British Korean War veteran Robert Steed Holman McC

Nov 6, 2015By Jun Ji-hye
South Korea

Ex-spy chief joins Saenuri Party

By Jun Ji-hyeKim Man-bokKim Man-bok, a former director of the National Intelligence Service (NIS) who was one of the closest aides to the late President Roh Moo-hyun, has joined the ruling Saenuri Party, the party said Thursday.His joining of the conservative party triggered mixed reactions from liberals and conservatives.Kim served as NIS director during the liberal Roh administration; and the party has filed several complaints against him over the past years.Saenuri lawmaker Kim Yong-tae told reporters that Kim applied for a party membership by fax three months ago, and the party accepted it.Rumors are circulating that the former spy chief is attempting to run for a parliamentary seat in his hometown, Gijang-gun in Busan.Criticism is arising even from the party about whether it was a proper decision to approve Kim’s membership as he played a core role in the Roh government’s inter-Korean policy, which the Saenuri Party fiercely criticized.The party filed a complaint against Kim with the prosecution in 2008 for his suspected leak of memos from the 2007 inter-Korean talks

Nov 5, 2015By Jun Ji-hye
Ex-spy chief joins Saenuri Party
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