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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

Japan's defense chief will visit next week

By Jun Ji-hye Gen NakataniJapanese Defense Minister Gen Nakatani will visit South Korea next week, the Ministry of National Defense said Tuesday.During the trip, he is expected to hold talks with his South Korean counterpart, Han Min-koo, about mutual security-related issues, ministry officials said.“Japan has delivered its hope to hold the defense ministers’ talks between the two countries,” the ministry said. “The two sides are working on detailing the schedule.”During their talks, the two defense ministers are expected to discuss the passage of a set of controversial security bills at Tokyo’s parliament that allow Japan’s Self-Defense Forces to assist other countries in armed conflict in the name of the right to collective self-defense ― the use of force to support an ally under attack.Tokyo has constantly expressed its hope to explain the passage of the laws to Seoul, apparently wary of the latter’s concerns over the former’s possible entrance on and near South Korean territory.Nakatani is also expected to stress the

Oct 13, 2015By Jun Ji-hye
Japan's defense chief will visit next week
South Korea

US nuclear carrier to train in East Sea

By Jun Ji-hyeSouth Korea and the United States will begin a joint maritime drill which will feature the USS Ronald Reagan, a Nimitz-class nuclear-powered aircraft carrier, on Oct. 26 in the East Sea, military officials said Tuesday.The drill is expected to raise tensions on the Korean Peninsula as North Korea has condemned such joint drills as “war practices.”The participation of the 101,400-ton carrier comes amid possibilities that North Korea may still stage a provocation such as firing long-range missiles or conducting a nuclear test.The maritime training will be timed with the planned participation of two F-22 Raptor stealth fighters in a defense exhibition here that will take place for six days from Oct. 20.An official said, on the condition of anonymity, that the military will carry out the drill “quietly,” without disclosing it to the media, in order not to provoke North Korea ahead of the reunion event of families separated by the 1950-53 Korean War, which is also scheduled to begin on Oct. 20.The carrier will arrive at the port of Busan on Oct. 18 to

Oct 13, 2015By Jun Ji-hye
South Korea

N. Korea parade sends message to US

By Jun Ji-hyeNorth Korea sought to display its capability to miniaturize nuclear weapons and attack the United States during its military parade Saturday, analysts said Monday.During the parade, marking the 70th anniversary of the ruling Workers’ Party, North Korea appears to have shown off its ability to miniaturize nuclear weapons by showcasing modified ballistic missiles and soldiers carrying chest packs with nuclear symbols.The Kim Jong-un regime claimed that the KN-08 intercontinental ballistic missiles (ICBM) were loaded with small and diversified nuclear warheads and that it had troops trained to infiltrate into enemy territory to launch nuclear attacks.Experts said showing off the KN-08s was directly aimed at Washington because they are believed to be capable of traveling 12,000 kilometers and hitting the U.S. mainland.“Kim Jong-un did not mention nuclear weapons during his 25-minute speech, apparently wary of China’s Liu Yunshan, who attended the event,” said Sejong Institute senior researcher Hong Hyun-ik.“But the parade featured KN-08s as well

Oct 12, 2015By Jun Ji-hye
South Korea

Encryption machine stolen

By Jun Ji-hye An encryption machine used by Korean defense officials was stolen overseas last year, the Ministry of National Defense said Monday.The belated disclosure raises concerns that the military’s cryptosystem used for transmitting and receiving confidential documents overseas may have been leaked.According to the ministry, it learned on Oct. 16 last year that the encryption equipment went missing in a foreign country. The ministry refused to disclose the name of the country, citing possible diplomatic disputes.The equipment had been kept for three years at a local office of the Agency for Defense Development (ADD).The National Intelligence Service and the Defense Security Command carried out an investigation, but eventually failed to clarify when exactly the equipment was stolen.  Investigators also failed to find out who took the machine and why.A defense official said on condition of anonymity that the device was last used on June 3 of last year. This showed that ADD officials sojourning in that country remained ignorant about the loss of the sensitive item

Oct 12, 2015By Jun Ji-hye
South Korea

Sanctions against draft dodgers to be strengthened

By Jun Ji-hyeThe government is considering strengthening sanctions against those who were exempted from mandatory military service after giving up their Korean citizenship in an effort to prevent draft dodgers from taking improper advantage of a change of nationality.  Measures would include restricting their employment in Korea and increasing their taxes.The Military Manpower Administration (MMA) said Friday that it has submitted the measures to the National Assembly Defense Committee as part of addressing problems raised during a parliamentary audit session.Rep. Ahn Gyu-baek of the main opposition New Politics Alliance for Democracy claimed at the session last month that the number of those who were exempted from service through renunciation of citizenship has increased over the past three years to 4,386 in 2014 from 2,842 in 2012 and 3,075 in 2013.Citing data submitted by the MMA, he also noted that 18 sons of high-ranking public officials were exempted from service this year after giving up their Korean citizenship.The lawmaker added that there have also been cases where peo

Oct 9, 2015By Jun Ji-hye
South Korea

Defense minister's trip to US triggers speculation about THAAD

By Jun Ji-hyeDefense Minister Han Min-koo is expected to accompany President Park Geun-hye to the United States next week, officials said Thursday.The announcement has triggered speculation that the possibility of Washington deploying an advanced missile defense system in Korea and Seoul’s purchase of F-35 stealth fighters could be discussed during Park’s summit with U.S. President Barack Obama on Oct. 16.It is quite rare for the defense chief to accompany the President on an overseas trip. The defense chief usually remains in the country while a president is away due to possible provocation by North Korea.A government official told reporters on the condition of anonymity, “Han may be included in Park’s entourage due to the possibility that pending defense and security issues between the two countries could be discussed.”Han denied speculation that the deployment of the terminal high altitude area defense (THADD) system on the Korean Peninsula was on the summit agenda.“The THADD issue will not be discussed during the summit,” he told lawmaker

Oct 8, 2015By Jun Ji-hye
South Korea

Park receives letter from Abe

 By Jun Ji-hyePresident Park Geun-hye received a letter from Japanese Prime Minister Shinzo Abe, Thursday, in which he called for maintaining exchanges and cooperation between the two countries.The letter was delivered by Natsuo Yamaguchi, the leader of Japan’s New Komeito Party, which has partnered with Abe’s Liberal Democratic Party to form a ruling coalition. He paid a courtesy call on Park during his visit to Korea. He arrived on Wednesday and will leave Friday.After his courtesy call, Yamaguchi told reporters, “Prime Minister Abe said the two countries maintained exchanges and cooperation well after the normalization of Seoul-Tokyo relations in 1965. He also said he expects the two countries will create a future together.”  In response, Park was quoted as saying to Yamaguchi that she is looking forward to meeting with Abe in the trilateral summit between Korea, China and Japan, expected to be held in late October or early November.“I told President Park that Korea and Japan should look at the trilateral summit as an opportunity to expand b

Oct 8, 2015By Jun Ji-hye
Park receives letter from Abe
South Korea

JCS refuses to share new wartime plan with Assembly

By Jun Ji-hyeThe Joint Chiefs of Staff (JCS) has rebuffed a request from the National Assembly to share details of a new joint wartime operational plan between Seoul and Washington, dubbed Operation Plan (OPLAN) 5015.There have been media reports that the two allies created the new wartime plan in an apparent bid to address growing concerns over North Korea’s evolving nuclear capability and its weapons of mass destruction (WMD).The military is now looking into the leak of such confidential information at the request of the United States Forces Korea, which is worried that the new plan could provoke North Korea.The Assembly has asked the JCS to share details of the plan; however, the latter refused to do so.According to reports, former JCS Chairman Choi Yoon-hee and U.S. Forces Korea Commander Gen. Curtis Scaparrotti reportedly signed OPLAN 5015 in June to replace the existing OPLAN 5027.The former is focused on preemptive strikes on strategic places in North Korea, including its nuclear and missile facilities, in the event of war, while the latter is about how to defend the cou

Oct 7, 2015By Jun Ji-hye
South Korea

Korea, UK Navy chiefs discuss further cooperation

By Jun Ji-hyeThe Navy chiefs of Korea and the United Kingdom discussed measures to enhance cooperation at Gyeryongdae military headquarters in South Chungcheong Province, Tuesday.Chief of Naval Operations Adm. Jung Ho-sub and Chief of Naval Staff at the Royal Navy Adm. George Michael Zambellas attended a meeting during which they considered ways of expanding military education and cooperation between the two countries in order to contribute to the maintenance of international peace.“The two also held in-depth conversation on how to enhance the two countries’ cooperation in the defense industry sector,” the Navy said. “They exchanged views on the security condition of the Korean Peninsula as well.”Ahead of the meeting, Adm. Jung hosted a welcoming ceremony for his U.K. counterpart.Adm. Zambellas is visiting Korea for four days from Monday to attend the naming ceremony of a combat support ship manufactured by Daewoo Shipbuilding & Marine Engineering. The ceremony is scheduled for Wednesday.The Korean company won a contract in 2012 to provide four comba

Oct 6, 2015By Jun Ji-hye
South Korea

JCS chief-nominee grilled about views on May 16 coup

Lee Sun-jinBy Jun Ji-hyeJoint Chiefs of Staff Chairman-nominee Lee Sun-jin was grilled over his controversial views about the military coup led by deceased former President Park Chung-hee on May 16, 1961, during a confirmation hearing at the National Assembly, Monday.At the center of contention was Lee’s master’s thesis at which he described the military coup led by then-Maj. Gen. Park, the father of President Park Geun-hye, as a “military revolution.” The late Park seized power through the coup until 1979 when he was assassinated by his intelligence chief.When Rep. Moon Jae-in, chairman of the main opposition New Politics Alliance for Democracy (NPAD), called on Lee to clearly express his position about the issue, Lee answered: “It is improper to talk about a personal view at this place.”Rep. Moon said the view of a person who will be the JCS chairman is not personal.“If you regard the military’s intervention in politics as revolutionary, we cannot entrust you with the military,” he said.The JCS chairman is the top post in the mi

Oct 5, 2015By Jun Ji-hye
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