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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

'Seoul won't oppose US missile inceptors'

By Jun Ji-hye The government would not necessarily object to U.S. Forces Korea (USFK) deploying its latest interception system as part of its missile defense program, a defense official told The Korea Times on Tuesday.“If deployed, the primary purpose of the Terminal High-Altitude Area Defense (THAAD) missile defense battery would be to defend its troops,” said the official. “We think this is not the same thing as Seoul participating in the U.S. missile defense program.”The clarification represents a subtle change from an earlier stance taken by the Ministry of National Defense, when it said it never intended to cooperate with the United States on a defense shield that would ostensibly target North Korean ballistic missiles. China and Russia claim that they are also real targets of any such U.S. system on the Korean Peninsula.“Interoperability between the KAMD (Korea Air and Missile Defense) and the U.S. missile defense system is necessary to better deal with North Korean threats,” the official added.The explanation came a day after repor

Sep 2, 2014By Jun Ji-hye
'Seoul won't oppose US missile inceptors'
South Korea

Korea top choice for US missile shield

By Jun Ji-hyeThe United States has put South Korea at the top of a list of countries where it can station missiles for the U.S. anti-missile defense shield, sources said Monday.This contradicts the government’s position that it will not join the Washington-led network of interceptors against ballistic missile attacks not just from North Korea but also China.China has been adamant in its opposition to U.S. missiles being stationed on the Korean Peninsula.“The U.S. has finished an on-the-spot survey and a review of military influence that the deployment may bring about early this year,” said a source on condition of anonymity.“The final decision will be made soon about whether the U.S. military will bring the Terminal High-Altitude Area Defense (THAAD) missile defense battery into South Korea.”There has been speculation that the defense chiefs of the two countries will make a final decision at their annual Security Consultative Meeting (SCM) in Washington in October.Defense Minister Han Min-koo plans to attend the meeting.The advanced missile-defense syste

Sep 1, 2014By Jun Ji-hye
South Korea

Korea top choice for US missile shield

By Jun Ji-hyeThe United States has put South Korea at the top of a list of countries where it can station missiles for the U.S. anti-missile defense shield, sources said Monday.This contradicts the government’s position that it will not join the Washington-led network of interceptors against ballistic missile attacks not just from North Korea but also China.China has been adamant in its opposition to U.S. missiles being stationed on the Korean Peninsula.“The U.S. has finished an on-the-spot survey and a review of military influence that the deployment may bring about early this year,” said a source on condition of anonymity.“The final decision will be made soon about whether the U.S. military will bring the Terminal High-Altitude Area Defense (THAAD) missile defense battery into South Korea.”There has been speculation that the defense chiefs of the two countries will make a final decision at their annual Security Consultative Meeting (SCM) in Washington in October.Defense Minister Han Min-koo plans to attend the meeting.The advanced missile-defense syste

Sep 1, 2014By Jun Ji-hye
Korea top choice for US missile shield
South Korea

US renews call for NK denuclearization

By Jun Ji-hyeThe United States has again called on North Korea to end its nuclear program.The White House said on Sunday that North Korea should denuclearize, maintaining its stance, despite speculation of a possible shift in U.S. policy toward Pyongyang.National Security Council spokesman Patrick Ventrell made it clear that the communist state would have to show it was genuine about denuclearization, if it wants to resume negotiations with Washington.The speculation came amid a report that U.S. officials allegedly made a secret trip to the North. The report gained impetus as North Korean Foreign Minister Ri Su-yong was planning to visit the U.S. to attend the U.N. General Assembly in September. If that happens, Ri’s visit to the U.S. would be the first by a North Korean foreign minister in 15 years. “We remain open to dialogue with North Korea, but will continue to judge North Korea by its actions, not its words,” Ventrell said in a statement sent to Yonhap News Agency. “We are not interested in talks for the sake of talks.“U.S. principles in

Sep 1, 2014By Jun Ji-hye
South Korea

Assembly opens Monday with bleak outlook

By Jun Ji-hyeThe National Assembly begins a 100-day regular session, Monday, but there is little likelihood of normal parliamentary procedures functioning to pass a backlog of pending bills on time.The outlook remains bleak because of the continuing impasse between rival parties over a special bill intended to establish a committee to investigate the aftermath of the ferry Sewol disaster that claimed more than 300 lives in April.Confrontation over the contents of this proposed legislation caused deadlock in the Assembly during July and August, resulting in no bills being passed at all.As there is no apparent sign of a breakthrough, there are deep concerns over further delays on passing other bills related to raising people’s living standards and boosting the ailing economy.The main opposition New Politics Alliance for Democracy (NPAD) has been under growing pressure to return to the National Assembly by terminating its street protest.“We will attend the opening ceremony Monday,” said the NPAD in a statement. However, the party has yet to decide on whether to agree o

Aug 31, 2014By Jun Ji-hye
South Korea

Allies likely to discuss NK dialogue

By Jun Ji-hyeKim Kwan-jinA top presidential security aide is expected to visit Washington this month to coordinate a new approach aimed at resuming talks with North Korea.“We are working on preparing National Security Office (NSO) chief Kim Kwan-jin’s visit,” Cheong Wa Dae spokesman Min Kyung-wook said at a briefing Sunday.Sources say that the visit will likely take place around the Sept. 6-10 Chuseok holiday.Min said that Kim will pay a visit to the White House and meet his counterpart National Security Adviser Susan Rice.The two are expected to discuss softening the May 24, 2010 sanctions against North Korea as well as the communist state’s nuclear program.The so-called May 24 Measures, imposed by former President Lee Myung-bak after the North torpedoed the South Korean frigate, Cheonan, in March 2010, froze nearly all government-level interactions and aid for Pyongyang. Since the incident, visiting North Korea has been strictly forbidden and only a few civic groups have been allowed to visit and provide humanitarian aid.The former defense minister was appoi

Aug 31, 2014By Jun Ji-hye
Allies likely to discuss NK dialogue
South Korea

Early voting begins for June 4 local elections

Park Won-soon, left, Seoul mayoral candidate of the main opposition New Politics Alliance for Democracy, takes a selfie with his wife Kang Nan-hee after they cast ballots at the early voting station in Guro-gu, Seoul, Friday. The two-day early voting period is closed today. / YonhapBy Jun Ji-hyeTwo-day early voting for the June 4 local elections began Friday amid expectations it will help increase turnout. The turnout on the first day stood at 4.75 percent.The system was introduced when the Election Law was revised in 2012 and first used in 2013 April by-elections.This latest poll is the first time the system is being used at a national level.The system aims to help people who work irregular hours and others with difficulties in finding the time to exercise their right.Voters can cast ballots at any of the nation’s 3,506 polling stations from 6 a.m. to 6 p.m.Only a valid identification card with a picture is required. Officials will conduct finger scans at the polling stations, while prior registration is unnecessary.A polling station has been set up at Incheon International Ai

May 30, 2014By Jun Ji-hye
South Korea

Populist pledges abound for June 4 elections

By Jun Ji-hyeCandidates for the June 4 local elections are desperately trying to outdo each other by making populist campaign pledges to woo voters.Skeptics are increasingly expressing concern about how such overly “populist-oriented” pledges will be financed.Chung Mong-joon, Seoul mayoral candidate for the ruling Saenuri Party, has been criticized by his opponents for pledging to restart a suspended-plan to construct an international business district in Yongsan.Asked about how he intends to fund it during a televised debate on Monday, he talked of raising 45 trillion won ($44 billion) of private investment.The plan for construction of the international district led by KORAIL and Lotte Tours Co. was suspended last year due to financial constraints and conflict among the various parties, thereby making it one of the worst failed business ventures in recent years.Park Won-soon, former Seoul mayor and a member of the main opposition New Politics Alliance for Democracy (NPAD), claimed, “Reliance on private investment is a dangerous idea as it will severely damage publi

May 27, 2014By Jun Ji-hye
South Korea

Domestic anti-submarine torpedo successfully test-fired

By Jun Ji-hyeHongsangeo torpedo being launched / Courtesy of DAPAThe Defense Acquisition Program Administration (DAPA) said Monday that it successfully test-fired an indigenous anti-submarine torpedo, paving the way for its long-delayed mass production.In test firings on May 7 and 23, the Hongsangeo, or “Red Shark” torpedo hit its intended underwater targets three straight times, DAPA said. The success came after two earlier failures.“The three straight successes prove that complaints about product quality raised by the Navy in August 2012 have been answered,” said a DAPA official. “Improvements have stopped the malfunction of components resulting from water entry impact.”The official added that mass production of the torpedo will likely begin next month.DAPA and other defense agencies including the Agency for Defense Development (ADD) have jointly conducted technology analysis and performance tests over the past two years after receiving complaints from the Navy.These came after one Hongsangeo failed to hit its target and went missing during testi

May 26, 2014By Jun Ji-hye
Domestic anti-submarine torpedo successfully test-fired
People & Events

Korea should ensure maritime sovereignty

Rep. Ha Tae-keung of the ruling Saenuri party speaks during an interview with The Korea Times at his office in the National Assembly Members' Office building in Seoul Friday. / Korea Times photo by Shim Hyun-chulBy Jun Ji-hye Controversy surrounds President Park Geun-hye’s plan to disband the Korea Coast Guard (KCG), announced after she held it responsible for failing to effectively deal with the deadly sinking of the Sewol ferry.Rep. Ha Tae-keung of the ruling Saenuri Party cited the need for an independent entity to be in-charge of guarding the nation’s coasts despite the planned disbandment of the KCG.The first-term lawmaker representing the port city of Busan’s Haeundae district is a member of the National Assembly’s committee on agriculture, forestry, ocean and fisheries.“President Park’s stance is understandable because she would have needed to give a clear message to “irresponsible” public servants and any organizations that fail to fulfill their duty first as a strict punishment,” Ha said during a recent int

May 25, 2014By Jun Ji-hye
Korea should ensure maritime sovereignty
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