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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

Surveillance gear installed in coastal, vulnerable area

By Jun Ji-hyeThe Defense Acquisition Program Administration (DAPA) has installed high-performance surveillance gear in vulnerable areas on the coast to enhance its day and night guard, the military procurement agency said Monday.It is also combining newly established gear with existing equipment such as thermal observation devices (TOD) to set up a complex monitoring system.“For the past 18 months, the agency has conducted consultations with about 2,000 land owners of coastal areas in the East, West and South Sea to install 250 surveillance equipments there,” the DAPA said in a statement. “The DAPA has constructed more than 500 kilometers of communication lines to build up the network.”The agency assessed that the project was successful as it completed the military’s guard mission over a short period of time.“The completion enabled the units in charge of guarding the coast to quickly detect enemies trying to invade the nation’s sea border surreptitiously,” the DAPA said. “In cases where such enemies land on beaches, the units will

Jan 12, 2015By Jun Ji-hye
South Korea

NK rejects resolution for S-N talks

By Jun Ji-hye North Korea has refused to accept a resolution approved by South Korean National Assembly calling for the resumption of inter-Korean talks, the Ministry of Unification said, Friday.“We tried to deliver the resolution Thursday afternoon and Friday morning, but the North rejected it, citing orders from above,” a ministry official said on the condition of anonymity.The resolution that passed the Assembly’s plenary session on Dec. 9 called on the two Koreas to talk and cooperate in a bid to thaw tensions on the peninsula.Expressing regret over Pyongyang’s continuous military provocations, the resolution also asked for talks without conditions to discuss humanitarian assistance for people in the repressive state.The resolution also called for the need to step up efforts to conduct inter-Korean parliamentary talks.“It is regretful that the North has declined to accept the resolution, despite its calls for more active dialogue and negotiations,” the ministry official said.The rejection came amid reconciliatory atmosphere building up on

Jan 9, 2015By Jun Ji-hye
People & Events

Daughter of SK chairman to serve at naval destroyer

Choi Min-jeongBy Jun Ji-hye The second daughter of SK Chairman Chey Tae-won has been assigned to serve on the Navy’s 4,400-ton destroyer, Chungmugong Yi Sun-shin, naval officials said Friday.Commissioned as an ensign on Dec. 1, Choi Min-jeong will complete training necessary to serve on the ship by April 3.“She will be assigned to the destroyer on April 6,” said an official. “She will assist the vessel’s operations officer.”Choi was selected randomly by computer as are all naval personnel, he added.The 23-year-old volunteered for Navy’s Officer Candidate School (OCS) in April last year and passed the physical checkup and interview in July. The OCS yearly picks some 300 applicants, including ten to 20 femalesAfter being accepted into the OCS, she went through a 10-week training course before being commissioned as an ensign, the equivalent to an Army second lieutenant. Her term of service is three years.Choi joining the Navy attracted huge attention as it is rare for the children of conglomerate owners in Korea to volunteer for military se

Jan 9, 2015By Jun Ji-hye
Daughter of SK chairman to serve at naval destroyer
South Korea

Seoul, U.S. differ over North's N-tipped missile technology

By Jun Ji-hye The United States Defense Department said Thursday it has yet to secure specific evidence to prove that North Korea has attained the technology needed to miniaturize a nuclear warhead.The view was slightly different from South Korea’s latest analysis in its 2014 Defense White Paper that the reclusive state’s capability has reached the “considerable” level to make a warhead small enough to place on a missile.This meant the North was closer to developing a long-range nuclear missile capable of reaching the U.S. mainland.In response to a question about the U.S. assessment of the North’s nuclear capabilities, Pentagon spokesman Col. Steve Warren said, “Gen. Scaparrotti stood in our briefing room several months ago and spoke, I think, very eloquently about this. He said that it is prudent for him as a commander to prepare for such a contingency, but that we have no evidence yet that they have achieved that level of technology.”Gen. Scaparrotti is commander of the U.S. Forces Korea (USFK).Washington’s assessment came a few

Jan 9, 2015By Jun Ji-hye
South Korea

Military to recruit civilians for PX

By Jun Ji-hyeThe Ministry of National Defense said Thursday that it will replace soldiers that serve at shops on military bases, known as post exchanges (PX), with civilians as part of efforts to reduce the total number of troops.The initiative is part of the ministry’s five-year plan and features a move to open the doors of service support units to private companies in order to cut down the number of soldiers by 2,500 by the year 2019.Soldiers assigned to laundry and waste disposal will also be replaced with civilians.“The short-term goal is to reduce the number by 800 by the year 2017,” said the ministry in a press release. “We will enter into contracts with private companies in order to entrust them with managing duties conducted by service support units.”Those who have been working on such duties will be reassigned to combat forces, it added.The ministry noted that the plan was designed to cut down expenses of defense budget by 240 billion won ($219 million) and reinvest this money in core fields such as the development of military technology.The pla

Jan 8, 2015By Jun Ji-hye
South Korea

Some Saenuri lawmakers back special probe into 'memogate'

By Jun Ji-hyeA power struggle is emerging within the ruling Saenuri Party because a faction with ties to former President Lee Myung-bak are telling President Park Geun-hye and her supporters to accept a demand from the opposition for a special counsel to investigate the “memogate” scandal.Rep. Lee Jae-oh, de facto leader of Lee supporters, said Wednesday, “Documents, which were no better than tabloid gossip, were leaked from Cheong Wa Dae, causing enormous chaos in society. No one is taking responsibility for this.”The five-term lawmaker said that presidential chief of staff Kim Ki-choon should be among those held responsible. .The pro-Lee faction is trying to make the most of public opinion that the findings of prosecutors, which concluded the scandals were based on fabricated rumors, were not enough to quell many unanswered questions.The scandal centered on leaked memoranda from Cheong Wa Dae that suggested there was a power struggle involving Park’s younger brother, Ji-man, and a former confidant, Jeong Yun-hoe.  Lee’s followers began to in

Jan 8, 2015By Jun Ji-hye
South Korea

Setup of ground operations command delayed again

By Jun Ji-hyeThe military’s plan to establish a command to be in charge of the Army’s ground operations has been delayed again until the year 2018.Government sources mainly attributed the postponement to the continuing delay in retaking wartime operational control (OPCON) of South Korean troops from the United States.Though the government has not officially stated the exact timeline for the plan, it reportedly set 2015 as the year for setting up the new command after two delays since 2010.“At the end of last year, the Ministry of National Defense set 2018 as the target year to establish the command,” said a source, requesting anonymity.Another source noted that the authorities probably think that more time is needed for South Korea to secure enough capability to regain the wartime OPCON of its troops from Washington.The comprehensive plan to reform the military structure to ensure more flexible troop management was designed to merge ROK 1st and 3rd Armies to create the Ground Operations Command that will lead frontline units.The envisioned command would be tas

Jan 7, 2015By Jun Ji-hye
South Korea

Seoul sees Tokyo's Dokdo claim as obstacle in bilateral relations

By Jun Ji-hyeJapan’s territorial claim to Korea’s Dokdo Islets is an obstacle that disrupts efforts by the two countries to foster future-oriented relations, according to the 2014 Defense White Paper.The latest biennially produced document, released Tuesday by the Ministry of National Defense, stated that Seoul will “strictly cope with Tokyo’s outrageous assertions” over its easternmost islets.Such a strong expression apparently reflects awareness that provocative moves by the Shinzo Abe administration concerning Dokdo have reached a serious level.Two years ago, the book only described Tokyo’s claims as an element that Seoul “needs to overcome.”The latest in a series of provocative moves by Japan was the creation of a video clip renewing its claims to Dokdo. Its state agency in charge of territorial issues posted the 17-minute clip on YouTube on Dec. 24 to argue that Japanese people fished in waters surrounding Dokdo in the past.The results of Tokyo’s state approval process for middle-school textbooks, expected to be announced in

Jan 7, 2015By Jun Ji-hye
South Korea

N. Korea close to making nuke-tipped missiles

By Jun Ji-hyeNorth Korea has attained the “considerable” level of technology needed to miniaturize a nuclear warhead, according to the 2014 Defense White Paper Tuesday.This analysis means Pyongyang is ever closer to developing a long-range nuclear missile capable of reaching as far as the United States.“The North is believed to have secured some 40 kilograms of weapons-grade plutonium by reprocessing spent nuclear fuel rods multiple times, the paper added.As a result, the United States is expected to put more pressure on Seoul to adopt its missile defense (MD) system at the risk of angering China.The biennial analysis concluded that the North’s third nuclear test conducted in February, 2013, accelerated efforts to make a warhead small enough to place at the tip of a missile.The assessment in the 2012 version stated that the North carried out nuclear tests twice in October 2006 and May 2009.Pyongyang has yet to demonstrate its miniaturization capability publically, officials and experts said.“The assessment regarding its capability for small nuclear warhe

Jan 6, 2015By Jun Ji-hye
N. Korea close to making nuke-tipped missiles
South Korea

S. Korea, US in row over compensation for faulty missile

By Jun Ji-hyeSouth Korea and the United States have come into conflict over a demand made by Seoul that the latter provide compensation for a defective mid-range ship-to-air missile.According to the Defense Acquisition Program Administration (DAPA) and the National Assembly’s Defense Committee, the Navy found a malfunction in a SM-2 missile while conducting the RIMPAC (Rim of the Pacific) exercise in July 2010, in Hawaii.“The missile failed to shoot down a target,” said a DAPA official. “We understood that the failure was due to a flaw in the missile.”The SM-2 missile is the Navy’s first anti-aircraft missile with a range of 148 kilometers. In May 2010, the Navy purchased Raytheon’s 84 SM-2s under the foreign military sales (FMS) format covered by guarantees from the U.S. government. Each missile costs $1.77 million.Since then, the DAPA and the U.S. side have been negotiating over compensation, according to the arms procurement agency.“Washington has refused to provide compensation, saying the contract stated there were no regulations r

Jan 5, 2015By Jun Ji-hye
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