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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

US may deploy new military assets

By Jun Ji-hye and Joint Press CorpsU.S. Secretary of Defense Ash Carter said Thursday that many newer military capabilities his country is investing in will be deployed on the Korean Peninsula, citing that it is one of the most dangerous places in the Asia-Pacific region.“We are building new stealth fighters, new stealthy bombers and several new ship classes, all equipment and so forth because this is a very demanding theater,” Carter said on the first day of his visit here.“We have some of the most demanding kinds of situations and potential military situations also out here… You will see a lot of new stuff showing up here first. And that is deliberate and that is appropriate,” he said referring to the Washington’s much-publicized policy of a “rebalance” toward the Asia-Pacific region.He made the remarks during a town hall meeting with 200 troops of the U.S. Forces Korea (USFK) at Osan Air Base in Seongtan, Pyeongtaek County, Gyeonggi Province.This is his first visit to South Korea since he took the office in February.Carter stressed

Apr 9, 2015By Jun Ji-hye
  • Carter nearly fails in Sherman test
South Korea

On-site probe on energy diplomacy begins

By Jun Ji-hyeThe Board of Audit and Inspection (BAI) began on-site inspections Wednesday in eight countries to examine the failed energy diplomacy conducted under the Lee Myung-bak government.High-ranking officials including the board’s secretary general joined the inspection teams. It is unprecedented for the state auditor to dispatch high-level officials for on-site inspections.“Officials with ample experience joined the teams as the inspections involve complex issues,” said BAI Secretary General Kim Young-ho. “The teams will thoroughly examine what has happened to the projects.”  The BAI has formed five teams to examine sites including a bituminous coal mine in Australia, a copper mine in Chile and an oilfield in Canada. The teams will also inspect 13 overseas branches of the Korea National Oil Corp., Korea Gas Corp. and the Korea Resources Corp.The state auditor also included two experts from the Korea Energy Economics Institute.The inspections are part of the BAI’s investigation targeting three state-run energy companies, the Ministry of

Apr 8, 2015By Jun Ji-hye
People & Events

CEO works to introduce tidal power tech

Eun Hee-jinBy Jun Ji-hye Eun Hee-jin, CEO of  Korwind On-/Offshore Investment GmbH, a Hamburg-based company that focuses on the offshore energy production, has worked hard to bring the technology for generating power from tides to Korea.Her efforts could bear fruit at the 7th World Water Forum which will take place from April 12 through 17 in Daegu and North Gyeongsang Province.Ekornergy, Korwind’s Korean corporation also headed by Eun, will sign a memorandum of agreement (MOA) with Netherlands-based tidal and river turbine manufacturer Tocardo International B.V. and Korean firm CharLotte Wiz E&C next Wednesday during the forum.“Along with the signing ceremony, we will give a presentation to government officials from the Ministry of Land, Infrastructure and Transport,” Eun said during a recent interview.The MOA outlines an energy project to produce 1MW of energy from offshore areas in South Jeolla Province, which have been famous for its strong tides.“I have been focused on securing suitable places where water turbines can be placed. Offshor

Apr 8, 2015By Jun Ji-hye
CEO works to introduce tidal power tech
South Korea

Opposition may end unbeaten run of elections in Gwanak-B

Moon Jae-in, second from left, chairman of the New Politics Alliance for Democracy (NPAD), and other party members call on former President Lee Myung-bak to attend the National Assembly hearings over his failed energy diplomacy during a rally at the Assembly in Yeouido, Seoul, Tuesday. The banner in Moon’s hands reads: “Lee should be accountable for wasting 6 billion won of taxpayers’ money.”/ YonhapBy Jun Ji-hyeThe opposition is concerned in the lead-up to the April 29 by-elections over the possible loss of Gwanak-B district.Liberal candidates have beaten conservatives in the constituency since the first ever democratic general elections in 1988.Their continuous success comes from the fact that a considerable number of citizens living there are from the Honam region, which encompasses Gwangju and South and North Jeolla Provinces, a significant representative force with liberal parties.The district is also packed with “gosiwon,” a low-cost rental room that does not require a deposit, in which young people live to prepare for state examinations. The

Apr 7, 2015By Jun Ji-hye
Opposition may end unbeaten run of elections in Gwanak-B
South Korea

Moon says ready to appear energy probe

Ruling party rejects call for ex-president to testify in energy investigationBy Jun Ji-hyeThe rival parties clashed Monday over former President Lee Myung-bak appearing at National Assembly hearings on the failed energy diplomacy under his administration.Rep. Moon Jae-in, chairman of the main opposition New Politics Alliance for Democracy (NPAD), said he was willing to appear at the hearings and called on Lee to follow his lead.“The ruling Saenuri Party has said that Lee will appear before the hearings if I do,” Moon told a party meeting.The Saenuri Party rejected the offer, describing it as political maneuvering, but left room for extending the period of the parliamentary investigation.Moon’s remarks came after the four-day hearings scheduled for March 31, April 1, 3, and 6 as part of the Assembly’s probe did not take place.The delay has raised concerns that the probe could end without any real results. These concerns are given credence by the fact that the special investigative committee’s remit will expire today.“Lee was a key figure in charge o

Apr 6, 2015By Jun Ji-hye
South Korea

University students may have to undergo mobilization exercise

By Jun Ji-hye The Ministry of National Defense said Friday it was moving to include university students in reserve forces training in an effort to balance reserve exercise obligations.“Authorities are discussing the measure as a way to enhance fighting power as the nation has faced a lack of soldiers in active service,” a high-ranking official told reporters, asking not to be named.“The ministry will make a final decision after conducting opinion polls to study public sentiment and reviewing the national security situation.”Under present laws, reserve forces need to undergo a three-day mobilization exercise at a designated military base annually for four years after finishing their national service.But university students were excluded from 1971 to guarantee their right to learn. Their duty has been replaced with an eight-hour education program at their schools.Critics have queried this practice, citing the decreasing number of reserve forces.In the 1970s, about 4 million reserves were available to be mobilized, but that number has fallen to 2.9 million.C

Apr 3, 2015By Jun Ji-hye
South Korea

NPAD struggles in April by-elections

Rep. Moon Jae-in, chairman of the New Politics Alliance for Democracy, speaks at a meeting with families of the victims of the 1948 Jeju Uprising on Jeju Island, Friday. / YonhapBy Jun Ji-hye The main opposition New Politics Alliance for Democracy (NPAD) is struggling in the run up to the April 29 by-elections apparently due to formidable candidates running against them that could split liberal voters.According to the latest opinion poll, NPAD candidates are trailing independent candidates or those from the ruling Saenuri Party in districts that traditionally favor the party.The survey conducted by the JoongAng Ilbo on Tuesday and Wednesday  showed that the Saenuri Party’s Oh Shin-hwan was the most preferred candidate with support of 34.3 percent in Seoul's Gwanak-B constituency, followed by the NPAD's Jung Tae-ho with 15.9 percent.The Union of the People’s Chung Dong-young garnered 13.3 percent. Chung, a former senior adviser and presidential candidate for the NPAD, left the party in December to launch the Union of the People.In the Seogu-B district of Gwa

Apr 3, 2015By Jun Ji-hye
South Korea

'Lockheed has provided S. Korea with THAAD information'

By Jun Ji-hyeU.S. aerospace giant Lockheed Martin has given South Korea and the United States information on its Terminal High Altitude Area Defense (THAAD) system, according to foreign media outlets.It added to the speculation circulating in Seoul over the possible deployment of the advanced missile interceptor system.Dan Garcia, Lockheed’s senior manager for international air and missile business development, was quoted by Reuters, Tuesday, as saying the firm has provided information to Seoul and Washington to support a possible sale of its THAAD system.The remarks were construed by some as meaning that the two countries have actually started discussing the deployment of the system including its expense.South Korea and the U.S. have maintained that discussions have not taken place about the deployment on the Korean Peninsula.But the U.S. Forces Korea recently admitted that it had conducted a survey of locations where the interceptor could be deployed. The cited places according to vernacular newspapers included Pyeongtaek in Gyeonggi Province, Wonju in Gangwon Province, Daegu

Apr 2, 2015By Jun Ji-hye
South Korea

THAAD emerges as hot issue in Assembly

By Jun Ji-hyeWhether to deploy THAAD has emerged as a hot potato for the National Assembly’s April session, which will begin from Tuesday.The ruling Saenuri Party and the main opposition New Politics Alliance for Democracy (NPAD) have remained sharply divided over the issue.The governing party held a meeting of its lawmakers Wednesday to draw up its stance toward potential deployment of a Terminal High Altitude Area Defense (THAAD) system in South Korea.Ruling party floor leader Rep. Yoo Seong-min, a noted supporter for the deployment, told lawmakers, “The issue is directly related to the life of the people. The governing party will deliver its stance to Cheong Wa Dae after collecting various opinions of its members through free discussion.”He made clear that he does not intend to stick to his personal opinion about the issue.“I want Rep. Kim Sung-chan, the governing party’s representative of the National Defense Committee, to lead the discussion,” Yoo said.  Yoo has so far openly talked about the need for the deployment, saying THAAD should b

Apr 1, 2015By Jun Ji-hye
South Korea

Refueling tanker deal expected by June

By Jun Ji-hyeThe defense acquisition agency said Wednesday that it will decide a winner among three competitors as early as May and no later than June for the Air Force’s project to deploy four in-flight refueling tankers by 2019.“The Defense Acquisition Program Administration (DAPA) will carry out a final check in May before selecting a model and signing a contract in May or June.” said a DAPA official.  The three competitors are Boeing’s KC-46; Airbus Defence & Space’s A330 MRTT (Multi Role Tanker Transport) and Israel Aerospace Industries’ (IAI) KC-767 MMTT (Multi Mission Tanker Transport).The state-run procurement agency initially planned to make a final decision by the end of last year. But the plan was postponed due to a delay in negotiations and budget problems.A transfer of tests and evaluation functions from DAPA to the Ministry of National Defense and the Joint Chiefs of Staff has also contributed to the delay, the official noted.The 1.4 trillion won ($1.4 billion) project is designed to improve airborne operations of fighters an

Apr 1, 2015By Jun Ji-hye
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