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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

FBC chief criticized for ideologically biased comments

By Jun Ji-hyeThe main opposition New Politics Alliance for Democracy (NPAD) went all out over the weekend to criticize the chairman of the Foundation for Broadcast Culture (FBC), the majority shareholder in the public broadcaster MBC, for making ideologically biased comments against the NPAD chairman.The NPAD Chairman Moon Jae-in said Saturday that FBC Chairman Ko Young-joo was ultraconservative and referred to him as an “internal enemy” who threatens democratic society.The criticism came after Ko said he was sure that Moon was a “communist” during an audit session of the National Assembly’s Science, ICT, Future Planning, Broadcasting and Communications Committee, Friday.Ko first made such a comment in 2013 at an open forum at which he said, “I am sure that the nation would be communized if Moon became president because he is a communist.”During an audit session, Rep. Jun Byung-hun of the NPAD asked Ko whether it was true that he called Moon a communist. Ko answered: “I did not say Moon was a communist. But I just said I was s

Oct 4, 2015By Jun Ji-hye
South Korea

NIS to file complaint against former director

Former spy agency chief hit for leaking classified informationBy Jun Ji-hye Kim Man-bok, former National Intelligence Service directorFormer National Intelligence Service (NIS) director Kim Man-bok, who recently disclosed classified information about the existence of a hotline between former leaders of the two Koreas, is likely to face an investigation by the prosecution.An NIS official told reporters Saturday that the spy agency is planning to file a complaint with the prosecution against Kim for allegedly violating the NIS law that bans divulging classified information.The NIS law stipulates that former and incumbent NIS officials must not leak classified information acquired during their terms of service. The law also stipulates that former and incumbent officials should obtain permission from a NIS director in advance when they want to publish or openly talk about things related to their duties.The move came after Kim, who served as a NIS director during the Roh Moo-hyun administration, said in an interview with Joongang Ilbo published Thursday that the hotline was oper

Oct 4, 2015By Jun Ji-hye
NIS to file complaint against former director
South Korea

800km-range missiles to be deployed by 2017

By Jun Ji-hyeThe military intends to complete the development of ballistic missiles with a range of 800 kilometers and deploy them by 2017, officials said Thursday.This is in response to North Korea’s nuclear and missile capacities, officials said, noting that the 800 kilometer-range missiles will put the whole of the North within striking distance.“The missile development plan was included in the Agency for Defense Development’s (ADD) five-year roadmap initiated by the Park Geun-hye government,” a government official told reporters, asking not to be named.When Park was sworn in early 2013, the military only possessed ballistic missiles that have a range of 300 kilometers. This was the first time that the time frame for the extension of ballistic missiles’ range was disclosed.The South Korean military has developed a ballistic missile with a range of 500 kilometers (Hyunmoo-2B). This was test-fired in Taean, South Chungcheong Province, in June. It is expected to be deployed to units of the Army’s missile command before the end of the year, accordin

Oct 1, 2015By Jun Ji-hye
South Korea

'Additional 150,000 US troops needed when NK collapses'

By Jun Ji-hyeAn additional 150,000 U.S. troops would be necessary to secure North Korea’s nuclear and other weapons of mass destruction in the event of the reclusive state’s collapse, according to a U.S. think tank, Wednesday.The RAND Corp. said in a report, “Building the Army We Will Need,” that North Korea might suddenly collapse ― either as a result of war or the failure of its economy and government. “After such a collapse, a key U.S. concern would be to find, seize, secure and remove its WMD (weapons of massive destruction), in particular its nuclear weapons,” the report said.“In such an event, the greatest burden would likely fall on U.S. forces to eliminate these weapons … We estimate that a North Korean collapse would require an additional 150,000 U.S. troops over and above the forces already stationed and presumed to be available in the Asia-Pacific region.”About 28,500 U.S. troops are currently stationed in South Korea to help deter threats from North Korea because 1950-53 Korean War ended in a truce, not a peace t

Sep 30, 2015By Jun Ji-hye
South Korea

Japan's defense chief to visit Korea to attend military games

By Jun Ji-hyeJapanese Defense Minister Gen Nakatani is expected to visit Korea early next month to attend the upcoming Military World Games to be held here for 10 days from Oct. 2, according to the Ministry of National Defense, Thursday.A military official said on the condition of anonymity, “The Japanese minister has delivered his hope to participate in the games to us.”Nakatani’s visit seems highly likely to be accomplished as the International Military Sports Council (CISM), the organizer of the Games, already gave a positive response to Japan’s request to attend the games as an observer for the first time since they began in 1995. Tokyo had refrained from participating in the quadrennial global sports event for soldiers because the status of its the Self-Defense Forces (SDF) was not equivalent to that of other countries.  Nakatani’s visit is also likely to lead to a meeting with his South Korean counterpart Han Min-koo.The defense chiefs of the two nations agreed to resume discussions on mutual concerns and the two’s defense cooperati

Sep 24, 2015By Jun Ji-hye
South Korea

Mini drones to monitor NK border units

RemoEye-002BBy Jun Ji-hyeThe Ministry of National defense said Wednesday that indigenous mini drones will be deployed with Army and Marine border units to monitor North Korean units.The Defense Acquisition Program Administration (DAPA) held an event to celebrate initial production of the RemoEye-002Bs in Daejeon the same day.“From this year to 2017, RemoEye-002Bs will be deployed with border infantry units of the 1st and 3rd Army, as well as units of the Marine Corps,” the ministry said in a release.  The small unmanned aerial vehicle is 1.4 meters long and 1.8 meters wide.It can carry out a mission to send images to a ground station in real time for more than an hour; and has a maximum speed of 80 kilometers per hour, the ministry said.The development of the drone was started in 2012, and it is programmed for automatic fly and return in day or night.“The RemoEye-002B’s performance can be compared to that of drones from the United States and Israel,” the DAPA said in a release. “It also is priced competitively, raising export possibilities.&rd

Sep 23, 2015By Jun Ji-hye
Mini drones to monitor NK border units
South Korea

DAPA under fire over F-35 deal

By Jun Ji-hyeThe state-run arms procurement agency is drawing fire for allegedly lying about the terms of a contract on the transfer of technologies in a 7.3 trillion won deal to purchase 40 F-35 stealth fighters.When the Defense Acquisition Program Administration (DAPA) signed the deal with Lockheed Martin in September last year, it said it would receive 25 core technologies from the U.S. firm, along with the aircraft, and use them to develop indigenous fighter jets.However, it admitted Tuesday that it could not receive four of the technologies because the U.S. government did not allow Lockheed to transfer them.It is alleged that DAPA was already aware during price negotiations with the U.S. firm that the transfer of the four was unlikely.Additionally, the transfer was not included in the official terms of the contract as Lockheed just promised to seek government approval for it under the offset agreement.During a National Assembly audit session Tuesday, lawmakers charged that the agency therefore lied about the contract.Rep. Moon Jae-in, chairman of the main opposition New Politics

Sep 23, 2015By Jun Ji-hye
South Korea

Two Air Force officers caught selling marijuana

By Jun Ji-hyeTwo Air Force officers were caught selling marijuana, and are currently serving sentences in a military prison, Rep. Chung Mi-kyung of the ruling Saenuri Party disclosed Tuesday.Citing data submitted by the Ministry of National Defense ahead of a parliamentary audit, Chung said two first lieutenants, whose names are withheld, sold marijuana to six civilians 23 times from November last year to March this year.Military prosecutors indicted them in April.The two were friends and made direct deals with buyers in Seoul.One supplier is the relative of one of the convicted officers, a first lieutenant, who was sentenced to six months in prison after a military trial was held in June.The other first lieutenant was sentenced to eight months in prison because he smoked and sold marijuana.They are now waiting for an appeal hearing.The second-term lawmaker, who belongs to the National Assembly Defense Committee, noted that the number of drug criminals in military was four in 2013, but the number jumped to 17 in 2014.As of June this year, seven were caught using drugs.The lawmaker sa

Sep 22, 2015By Jun Ji-hye
South Korea

Ugandan minister's death troubles Korea Foundation

By Jun Ji-hyeA Korean organization denied responsibility Monday for the death of a Ugandan minister who died of heart failure on a plane while flying back to his country on Sept. 12.Uganda’s Interior Minister Gen. Aronda Nyakairima had been in Korea at the invitation of the Korea Foundation.Local media in Uganda speculated that the foundation had paid little attention to his health while he was in Korea.A foundation official said, “During his stay, the minister mentioned that he had a stomach ache, but he didn’t want to be treated in a hospital.”The official said a stomach ache and headache were common symptoms for people who travel long distances, apparently due to time differences and other factors.Nyakairima, who visited Korea for seven days from Sept. 6, died on Sept. 12 on a plane heading for Dubai while on his way home.An autopsy reportedly showed the cause of death was acute heart failure.Some Ugandan media quoted government officials as saying Korea failed to take proper measures, including hospital care.The Korean Embassy in Uganda asked the Korea Fou

Sep 21, 2015By Jun Ji-hye
South Korea

Military imposes light penalties on data leakers

By Jun Ji-hyeAn opposition lawmaker claimed Monday that the military has been too lenient when punishing soldiers and officers found to have leaked confidential information.Rep. Lim Nae-hyun of the main opposition New Politics Alliance for Democracy (NPAD) said during a parliamentary audit session that soft penalties encourage further leaks.He cited an Army staff sergeant, caught posting confidential data on an online community portal on Aug. 20. As punishment, his monthly salary was reduced by one third for one month.The staff sergeant at a front-line unit posted details of an information announcement that aired in his barracks. The content included an order for personnel to be on standby in preparation for further provocations from the North after the two Koreas exchanged artillery fire across the western quarter of the inter-Korean border.The staff sergeant whose name is being withheld was investigated by the Defense Security Command (DSC).The first-term lawmaker who belongs to the National Assembly Legislation and Judiciary Committee pointed out that the Military Secrets Protecti

Sep 21, 2015By Jun Ji-hye
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