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Jun Ji-hye

Korea Times Finance Reporter

Jun Ji-hye, a reporter at the finance desk of The Korea Times, focuses primarily on economic policy and government agencies, mainly covering the Ministry of Finance and Economy, the Ministry of Budget and Planning, the National Tax Service and the Korea Customs Service. She previously covered financial authorities, including the Financial Services Commission and the Financial Supervisory Service, and earlier worked on the political, city and business desks, reporting on a wide range of issues.

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South Korea

Korean war veteran donates Victoria Cross to S. Korea

British Korean War veteran William Speakman holds a flower with his eyes closed before laying it in a memorial monument at the War Memorial of Korea in Seoul, Tuesday. Speakman donated nearly 10 medals he received during his 40 years of military service to the Korean government. / Korea Times photo by Choi Won-sukSpeakman wishes to be buried on hill where he foughtBy Jun Ji-hyeAn 88-year-old British Korean War veteran donated 10 of his medals, including the Victoria Cross (VC), to South Korea as an expression of his affection for the country he fought for and its people, Tuesday.The donation from William Speakman, who was a 24-year-old private during the 1950-53 war, comes as he is revisiting here with about 80 veterans and their families at the invitation of the Ministry of Patriots and Veterans Affairs.“I donate my medals to the people in South Korea because what they have done since the war finished has really touched me,” Speakman, seating in a wheelchair, told a news conference at the War Memorial of Korea in Yongsan. “They rebuilt South Korea. I am very proud

Apr 21, 2015By Jun Ji-hye
South Korea

US soldiers to experience Korean culture

By Jun Ji-hyeThe Ministry of National Defense will run a series of programs to provide United States Forces Korea (USFK) soldiers with opportunities to experience various aspects of Korean culture, including taekwondo, the ministry said, Monday.The event, dubbed “Friends Forever,” will begin Tuesday with a two-day program during which U.S. soldiers will learn taekwondo from the 3rd Army Corps taekwondo team and the national team.“The taekwondo program will take place at a gymnasium in the defense ministry,” the ministry said in a statement. “U.S. soldiers will learn the origin and history of taekwondo, its basic posture and self-defense martial arts, as well as how to break wooden boards.”Another program features a two-day tour of the ancient palaces and museums in Seoul, which will run twice, on May 27 and June 9.That will be followed by another two-day tour of the ancient Suwon Castle and the Second Fleet Command in Gyeonggi Province from July 8.The command displays the wreckage of the ill-fated corvette Cheonan, which was sunk by a North Korean

Apr 20, 2015By Jun Ji-hye
South Korea

Soldiers to borrow mobile phones from PX

By Jun Ji-hyeThe Ministry of National Defense started a program Monday to allow soldiers to borrow mobile phones from shops on military bases, known as post exchanges (PX), when they go on vacation.“From now on, soldiers who leave their base for vacation will be able to borrow a mobile phone from the PX and use it until they return,” ministry spokesman Kim Min-seok said at a regular briefing.The department in charge of soldiers’ welfare said in its statement that it decided to implement the service to help ease the inconvenience of soldiers who have not been able to subscribe to a mobile phone service during their military term.“On top of that, the measure will enable each unit to grasp the location of soldiers in case of unexpected accidents,” the department said.Soldiers can borrow mobile phones by simply depositing money without paying the basic rate. The PX will give the balance back when they return the phones.Those who stay at barracks can also use the phones, but only at the PX due to security reasons, the department said.“We installed Mobil

Apr 20, 2015By Jun Ji-hye
South Korea

'Sung influenced Sri Lanka for Ban's election'

By Jun Ji-hye Deceased Keangnam Enterprises Chairman Sung Woan-jong claimed that he contributed considerably to the election of Ban Ki-moon as United Nations secretary general, Sung’s associates were quoted as saying by a vernacular newspaper.Sung claimed that he had close ties with then Sri Lanka President Mahinda Rajapaksa, whom he urged to persuade his country’s candidate, Jayantha Dhanapala, to withdraw his candidacy and support Ban in the 2006 election for the post.During the initial stage of the election, former Thailand Deputy Prime Minister Surakiart Sathirathai and India’s Shashi Tharoor, who served as U.N. under secretary general, were cited as favorites.After the U.N. Security Council conducted three straw votes but failed to choose a winner, Sri Lanka’s Dhanapala withdrew his candidacy, declaring his support for Ban, at the end of September.Following the Sri Lankan candidate’s resignation, Ban moved to the top with 14 yes votes and one abstention from the 15 member states during the fourth straw poll on Oct. 2.The General Assembly electe

Apr 17, 2015By Jun Ji-hye
South Korea

NK warns of nuke war against US

Hyon Yong-cholBy Jun Ji-hyeNorth Korea said Thursday that it is ready to wage nuclear war against the United States if the country and its followers continue military provocations that amount to signaling an impending attack.“The U.S. and South Korea have pushed forward with joint military exercises despite our demand for their suspension,” said Hyon Yong-chol, the chief of Pyongyang’s People’s Armed Forces, during an international security conference in Moscow. “Tension on the Korean Peninsula has reached boiling point.”Citing Washington’s wish to deploy the Terminal High Altitude Area Defense (THAAD) system on the peninsula, Hyon said, “The U.S. is revealing its true colors to confront China and Russia.”He claimed that the North’s possession of nuclear weapons “is the direct result of the hostile policy by the U.S. and is aimed at eliminating its nuclear threat.”Hyon added that Pyongyang will continue to beef up its military unless the U.S. stops its hostile policies.South Korea attacked the repressive state fo

Apr 17, 2015By Jun Ji-hye
NK warns of nuke war against US
South Korea

Bribery list, Sewol dominate final interpellation session

Prime Minister Lee Wan-koo bows before going back to Seoul after being denied access to a group memorial altar for the victims in the Sewol disaster in Ansan, Gyeonggi Province, Thursday. Relatives of the victims blocked Lee, criticizing the government for its bungled management of the aftermath of the manmade disaster that left 304 dead. / YonhapBy Jun Ji-hyeThe main opposition New Politics Alliance for Democracy (NPAD) continued to grill Prime Minister Lee Wan-koo over his inclusion on Sung Woan-jong’s “bribery list” during the final interpellation session of the National Assembly, Thursday.The ruling Saenuri Party focused on setting up follow-up measures after last year’s sinking of the ferry Sewol.The opposition brought forth new evidence about Lee-Sung ties. Rep. You Sung-yop of the NPAD pressed Lee for an answer to allegations that he received 30 million won ($28,000) from Sung, former chairman of Keangnam Enterprises, on April 4, 2013, during the lead-up to by-elections that month.“It has been reported that Lee’s driver testified concretely

Apr 16, 2015By Jun Ji-hye
  • Park willing to back special investigation
South Korea

Forex rate may favor Airbus over tanker deal

By Jun Ji-hyeThe fluctuating exchange rate may affect the defense acquisition agency’s decision on who wins the Air Force contract to deploy four in-flight refueling tankers by 2019, according to industry observers, Wednesday.Three competitors ― Boeing, Airbus Defense & Space, and Israel Aerospace Industries (IAI) ― presented their opening bidding prices to the Defense Acquisition Program Administration (DAPA), Tuesday.Generally, companies present bidding prices about 30 to 40 times in accordance with their review of changes in the market.The DAPA earlier said it will review prices suggested by firms by the end of this month before conducting an overall evaluation in May and making a final decision in June between Boeing’s KC-46, Airbus’s A330 MRTT (Multi Role Tanker Transport) and IAI’s KC-767 MMTT (Multi Mission Tanker Transport).Observers say the firms are paying close attention to the exchange rate as it can have a considerable effect in price competition. The price ratio accounts for 20 percent of the overall bidding for the 1.4 trillion won

Apr 15, 2015By Jun Ji-hye
South Korea

Navy improves maritime rescue capability

By Jun Ji-hyeThe Navy said Tuesday that it has deployed a CH-47 helicopter to the southern port city of Jinhae, South Gyeongsang Province, to improve rescue services in maritime disasters.The helicopter, the biggest in the South Korean military, has state-of-the-art equipment and a crew of a dozen.“The Navy deployed the CH-47 on April 7 in Jinhae in order not to waste the golden hour when maritime disasters occur,” the Navy said in a statement.“The helicopter enables rescue workers to move to a location quickly and begin operations right after they arrive.”The deployment is part of the Navy’s overall measures to improve maritime disaster management in the wake of the deadly sinking of ferry Sewol on April 16 of last year that left more than 300 dead or missing. The Navy came up with the measures to mark the first anniversary of the Sewol disaster.The “golden hour” refers to the time in which rescue personnel need to start treating a patient to afford them the best chance of survival.In the case of maritime disaster, the first 60 minutes is&nb

Apr 14, 2015By Jun Ji-hye
South Korea

Parties clash over probe into slush funds

Prime Minister Lee Wan-koo drinks a glass of water during a National Assembly interpellation session in Yeouido, Seoul, Monday. / YonhapPM vows to cooperate with investigatorsBy Jun Ji-hyeThe main political parties engaged in a spat Monday over whether all the parties should be investigated over alleged illicit political funds given by former Keangnam Chairman Sung Woan-jong.The clash was triggered by Saenuri Party Chairman Kim Moo-sung, who told reporters that he was willing to be questioned, and that the opposition parties should follow his lead.“I was responsible for the 2012 presidential poll in the governing camp. As far as I know, there was no illegality,” he said. “I am willing to accede to the investigation, and the opposition also needs to do so, as there should be no difference between rival parties regarding fund raising for the presidential election.”Kim made the comments based apparently on the belief that Sung had many connections in the political arena irrespective of which parties they belonged to.  Sung, who was found dead Thursday in an

Apr 13, 2015By Jun Ji-hye
South Korea

Park, Carter hard on North Korea

Defense Minister Han Min-koo gives U.S. Secretary of Defense Ash Carter a tour of the wreckage of the frigate Cheonan, torpedoed by North Korea on March 26, 2010, at the Second Fleet Command in Pyeongtaek, Gyeonggi Province, Friday. Carter asked the ministry to visit it in order to pay tribute to 46 sailors who were killed in its sinking. / YonhapBy Jun Ji-hye, Kang Seung-wooPresident Park Geun-hye told U.S. Secretary of Defense Ash Carter Friday that no rewards should be given to North Korea for its provocations.The visiting top U.S. defense official consented to Park during his courtesy visit to Cheong Wa Dae, the presidential office said in a briefing."Despite the apparent results of investigations by the international community, the North has denied responsibility for its torpedoing of the frigate Cheonan," Park said."We should not tolerate the North's vicious cycle of creating tension rewarded with economic aid."Carter said that it is vital for Seoul and Washington to adhere to principles that do not reward the North's bad behavior, Cheong Wa Dae said.Park also said that a condi

Apr 10, 2015By Jun Ji-hye
Park, Carter hard on North Korea
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