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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

UPP fails to attract foreign reporters

Oh Byung-yoon, left, a former lawmaker of the now-disbanded Unified Progressive Party (UPP), speaks as Kim Jae-yeon, also a former UPP legislator, listens during a press conference for foreign correspondents in Korea at the Korea Press Center in Seoul, Monday. / Korea Times photo by Choi Won-sukBy Jun Ji-hyeMembers of the recently dissolved Unified Progressive Party (UPP) invited foreign reporters to a news conference, Monday, in an apparent bid to turn international attention on its struggle against the Constitutional Court’s decision to disband the party and strip its five lawmakers of their parliamentary seats.However, the effort apparently failed because only a few foreign reporters attended the event.Of about 40 reporters who attended the conference at the Korea Press Center, Seoul, only about 10 were from foreign media outlets. Around half of them were Koreans working as correspondents for foreign media here and remaining others were camera crew.Most participants were Korean reporters. “My company has little interest in the UPP issue, probably because the party is n

Jan 5, 2015By Jun Ji-hye
South Korea

S. Korea's arms exports record high in 2014

By Jun Ji-hye The nation’s arms exports reached $3.6 billion in 2014, the largest yearly amount since 2006 when the Defense Acquisition Program Administration (DAPA) was established, according to DAPA Sunday.In 2013, sales of exported weapons stood at $3.42 billion.“The figure has gradually increased since 2006 and recorded the highest level last year,” said a DAPA official.In 2006, the agency’s total exports reached only $250 million.“The increased value of exports is evidence that the technology of the nation’s defense industry has developed that much,” the official said. “In the past, the nation mainly exported simple components such as ammunition, but now the trend has changed to exporting weapons system such as warships, aircraft and self-propelled howitzers.”The export market has also widened to Europe and South America as well as Southeast Asia, he added.For instance, a major deal was signed on Dec. 17 by Samsung Techwin Co. and Poland’s defense contractor Huta Stalowa Wola. Under the deal, the former sold 120 lo

Jan 4, 2015By Jun Ji-hye
South Korea

Whether to change title hits main opposition

By Jun Ji-hye An internal dispute has flared up within the New Politics Alliance for Democracy (NPAD) over whether the party needs to change its name back to the Democratic Party (DP).The controversy was sparked by comments made by Reps. Moon Jae-in and Park Jie-won, the leading candidates for the party chairmanship, who pledged to adopt the party’s previous name once a new chairman is elected at the national convention slated for Feb. 8.On New Year’s Day, Moon told reporters that he wants to rename the party as the New Politics Democratic Party with Democratic Party as the abbreviated form, while Park prefers to only use the Democratic Party.“The first thing I will do once elected will be to change the name of the party,” said Park.A few hours later, Moon also said, “I will include changing the party’s name in my election pledges with consent from Rep. Ahn Cheol-soo.”They both said that the current name is too long and cited the need to restore the shorter name which has been in circulation for some 50-years.Their pledges immediately pr

Jan 4, 2015By Jun Ji-hye
South Korea

Parties face tasks carried over to 2015

By Jun Ji-hyeLawmakers are under pressure this year to solve several “knotty” issues that they failed to deal with last year.Such matters include a controversial constitutional revision, revising electoral districts in line with current demographics, and passing a North Korean human rights bill.A group of lawmakers, including Rep. Lee Jae-oh of the ruling Saenuri Party, has been pushing for the constitutional revision that would establish a system of power-sharing between the president and the prime minister, as well as a two-term presidency so that incumbents could run for a second term.But their calls have made slow progress as President Park Geun-hye expressed her opposition, saying constitutional change would open up “another economic black hole.”Lawmakers advocating the revision launched a pan-national organization last month to boost public support, heralding a possible dispute with the head of state.The rival parties are bracing for a fierce battle as they need to adjust electoral districts.The Constitutional Court decided on Oct. 30 that the legitimate

Jan 1, 2015By Jun Ji-hye
South Korea

NK leader shows strong will to improve ties

By Jun Ji-hyeNorth Korean leader Kim Jong-un expressed willingness to improve relations with South Korea during his New Year message, as evidenced by a reference to the possibility of holding an inter-Korean summit.Experts say his remarks regarding South-North relations were more straightforward and detailed than ever this year. They noted that, similar to President Park Geun-hye, Kim is apparently placing great significance on the year 2015, which marks the 70th anniversary of Korea’s liberation from Japan’s colonial rule.  “The two Koreas need to write a new history in their relations. A big shift and revolution through communication, negotiation and contact is necessary for such relations. I will make every effort toward that end,” Kim said.During last year’s message, Kim used the somewhat vague expression that he would create an “atmosphere” to improve inter-Korean relations.Park Young-ho, a senior researcher at the Korea Institute for National Unification, cited that the 70th anniversary of liberation is as meaningful for the N

Jan 1, 2015By Jun Ji-hye
South Korea

Moon, Park begin election fight for NPAD chairmanship

Moon Jae-inPark Jie-wonBy Jun Ji-hye Reps. Moon Jae-in and Park Jie-won, the leading candidates standing for chairmanship of the main opposition party, are stepping up their election campaigns.The New Politics Alliance for Democracy (NPAD) is planning to hold a national convention on Feb. 8 to select who will be its new leader.Moon, a former presidential candidate, launched an attack against Park while declaring his bid, Monday.“Park is a good person and very talented, but he has failed to change the party,” said Moon. “I have a bigger will and am more sincere about creating innovation in the NPAD. I am better at putting plans into practice.”Park shot back Tuesday, saying Moon’s proposals to reform the party fell short of expectations.“He made several suggestions while declaring his bid. But most of them were similar to those I have proposed so far,” said Park.Moon’s proposals included conducting transparent nominations, resolving factional disputes and enhancing manpower to study democratic policies. He said he will turn the party

Dec 31, 2014By Jun Ji-hye
Moon, Park begin election fight for NPAD chairmanship
South Korea

NK repeats calls for joint probe into Sony hacking

By Jun Ji-hye North Korea is continuing to deny allegations that it carried out a cyber attack on Sony Pictures, and is urging the U.S. government to accept its offer to conduct a joint investigation into the incident.“The United States needs to accede to our demands for the probe before it experiences bigger mishaps,” stated the Minju Chosun, one of Pyongyang’s state-controlled media outlets, Tuesday.The argument came after the Federal Bureau of Investigation (FBI) said that the repressive state was responsible for the Sony hacking, without providing evidence to support the claim because of the “protection of sensitive sources.”U.S. President Barack Obama said that Washington would respond “proportionally” to the attack.The repressive state has repeatedly expressed anger at Sony’s comedy movie “The Interview,” which is about a CIA plot for a TV show host and his producer to assassinate North Korean leader Kim Jong-un.“The U.S. is even considering putting us back on its list of terrorism sponsors without submittin

Dec 31, 2014By Jun Ji-hye
South Korea

Lee's 'resources diplomacy' under scrutiny

Former President Lee Myung-bakBy Jun Ji-hye The National Assembly approved the establishment of a committee Monday that will look into the alleged bungled “resources diplomacy” of former President Lee Myung-bak. The special parliamentary committee plans to conduct a 100-day investigation starting Jan. 12.The main opposition New Politics Alliance for Democracy (NPAD) called for Lee and his elder brother, former lawmaker Lee Sang-deuk, as well as Finance Minister Choi Kyung-hwan, who was then trade, industry and energy minister, to be questioned over the policy.“We will see whether there were any irregularities,” said Rep. Noh Young-min of the NPAD, chairman of the investigation committee.The Lee administration has been accused of spending tens of billions of dollars on various natural resources development projects overseas with few results.Enormous losses have already been proven in a probe by the Board of Audit and Inspection.“There have been various suspicions of corruption and officials’ excessive push for projects to make achieve

Dec 30, 2014By Jun Ji-hye
Lee's 'resources diplomacy' under scrutiny
South Korea

Seoul asks NK for talks

By Jun Ji-hye The government proposed Monday holding minister-level inter-Korean talks next month to discuss mutual concerns including the reunion of families separated during the 1950-53 Korean War.Unification Minister Ryoo Kihl-jae told a press briefing that a presidential committee to prepare for unification sent a fax message to the North offering dialogue.“We are looking forward to receiving a positive reply,” he said.The recipient of the message is Kim Yang-gon, a secretary in charge of South Korea affairs at the ruling Workers’ Party.The committee was launched on July 15 with a mission to build trust between the two Koreas and lay the groundwork for unification. President Park Geun-hye is chairwoman, while Minister Ryoo and former Korean Ambassador to China Chung Chong-wook serve as deputy heads.“The South and the North will have to meet each other and discuss ways toward peaceful unification as Korea is to mark the 70th anniversary of liberation from Japan’s 1910-45 colonial rule in the coming year,” Ryoo said.He added that he would le

Dec 29, 2014By Jun Ji-hye
South Korea

3-way intelligence sharing pact takes effect

By Jun Ji-hye South Korea, the United States and Japan have signed a pact to share sensitive intelligence on North Korea’s nuclear and missile programs amid increased threats to the region made by the repressive state, the Ministry of National Defense said Monday.The pact became effective at midnight Monday (Korean Time) after a trilateral arrangement was signed last week by Seoul’s Vice Defense Minister Baek Seung-joo and his U.S. and Japanese counterparts Robert Work and Masanori Nishi, respectively. The arrangement was delivered to the U.S. side earlier in the day, the ministry said.It is the first such agreement that would open the door for Seoul and its former colonial ruler to share military secrets. However, the two countries will not directly share their intelligence in a move to calm public resistance to the move that stems from the bitter memory of Japan’s 1910-1945 colonial rule of the Korean Peninsula.Under the signed pact, Washington will mediate between Seoul and Tokyo upon their respective approval to pool their information.“The three count

Dec 29, 2014By Jun Ji-hye
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