Korea Times Business Reporter
Kang Seung-woo is the Business Desk editor at The Korea Times. Prior to this position, he covered politics, national affairs, finance and sports.
Police officers, along with a sniffer dog, search the National Tax Service's headquarters at government complex in Sejong, Thursday, after an email sent to the foreign ministry said bombs had been planted at major facilities nationwide. Five emails, believed to have been sent from Japan, contained threats to blow up Korea's major facilities, including the Supreme Court and Seoul City Hall. Yonhap
Two FA-50GFs, below, which have been delivered to the Polish Air Force, make their maiden flight alongside a MiG-29 fighter over Warsaw, Poland, Tuesday (local time), to celebrate the Central European country's Armed Forces Day. The two light attackers, manufactured by Korea Aerospace Industries, are the first in a shipment of 48 FA-50s that Poland purchased last year. Courtesy of Korea Aerospace Industries
By Kang Seung-wooRecently, there is a growing sentiment that elderly motorists should be banned from driving as fatal crashes involving older adult drivers are on a sharp rise in Korea. Proponents of the ban are claiming that, those who are advanced in years, experience faster declines in cognitive function and physical health compared to previous decades. By the same logic, there is an increasing awareness of the need for certain measures to check aging politicians' fitness for office through, for example, a cognitive test or even by enacting legislation to specify maximum age limits for their retirement. The reason is that their decision-making can change the direction of the country despite their cognitive decline, which prompts many to reach a consensus that it is necessary to take a more serious approach to the matter. Coincidentally, the issue of aging politicians is resurfacing in the United States. According to U.S. media outlets, U.S. Senate Minority Leader Mitch McConnell, 81, suddenly froze for over 20 seconds during a press conference late last month and was walked away
Korea Aerospace Industries (KAI) CEO Kang Goo-young, back row six from right, poses with Polish Air Force officers and KAI staff during his visit to a Polish air base in Minsk, Wednesday (local time). Last September, Poland signed a deal with KAI to purchase 48 FA-50 light attackers with the first two aircraft being delivered to the Central European country earlier this week. KAI plans to deliver a total of 12 FA-50GFs to Poland by the end of this year. Courtesy of Korea Aerospace Industries
Wynn Palace Cotai / Courtesy of Wynn Palace CotaiBy Kang Seung-woo Wynn Resorts will participate in the “Experience Macao, Unlimited ― Macao Promotion in Korea” roadshow later this week in Seoul, in which it will promote its two properties in the “Las Vegas of Asia.”Organized by the Macao Government Tourism Office (MGTO), the roadshow is scheduled to take place from Friday to Monday at Times Square Mall in western Seoul and the American hotel and casino operator will showcase all of the various travel experiences on offer at the two acclaimed integrated resorts in the city ― Wynn Macau and Wynn Palace.Wynn Palace is the first and only resort in the world with more than one thousand rooms to receive Forbes Travel Guide Five-Star Awards, while Wynn Macau remains as the only resort in the world to earn eight Forbes Travel Guide Five-Star Awards.Wynn will also present an array of enticing exclusive travel offers throughout the event. Roadshow visitors who register to become Wynn Insider members at the Wynn exhibit are welcome to participate in exciting activities
New KOICA President Chang Won-sam speaks during his inauguration ceremony at the agency's headquarters in Seongnam, Gyeonggi Province, Monday. Courtesy of KOICA By Kang Seung-woo Chang Won-sam, a career diplomat, has been sworn in as the president of the Korea International Cooperation Agency (KOICA), stressing the need to expand official development assistance (ODA) and carry out strategic development cooperation in tandem with the nation's foreign policy. His inauguration ceremony took place, Monday, at the KOICA headquarters in Seongnam, Gyeonggi Province. Chang, a law graduate of Seoul National University, joined the Ministry of Foreign Affairs in 1984, where he served in key posts, including director general for Northeast Asian Affairs and senior coordinator for bilateral trade. He also served as minister at the Korean Embassy in China, Ambassador of Korea to Sri Lanka, consul general of Korea in New York, and Secretary-General of the Northeast Asian History Fo
Patriots and Veterans Affairs Minister Park Min-shik, front row third from left, and Incheon International Airport Corp. (IIAC) President Lee Hag-jae, front row fourth from left, participate in a signing ceremony to commemorate the 70th anniversary of the Korean War armistice at Incheon International Airport, Thursday. Through the partnership, the IIAC will give special treatment to Korean War veterans and people of national merit when they use the airport. Yonhap
A statue of the late Korean War hero Paik Sun-yup is unveiled at the Dabudong War Memorial Museum in Chilgok County, North Gyeongsang Province, Wednesday. Defense Minister Lee Jong-sup, Veterans Affairs Minister Park Min-shik and other dignitaries attended the unveiling ceremony. Paik was South Korea's first four-star general and most renowned war hero, who led key battles during the 1950-53 war. He died on July 10, 2020. Yonhap
By Kang Seung-woo Kurt Campbell, the White House Indo-Pacific coordinator, said, Thursday, South Korea, Japan and the United States will explore ways to boost trilateral cooperation ― probably on North Korea's nuclear program and China's assertiveness ― in an envisaged three-way summit.Kurt Campbell"President Biden extended an invitation to both Prime Minister Kishida and President Yoon to come to Washington later this summer for a three-way summit between the leaders," he said in a video speech for a forum hosted by Yonhap News Agency and the unification ministry."(In the envisioned summit), we will celebrate the remarkable progress that's been made in the bilateral relationship between Japan and South Korea, and see what steps we can take to make sure we lock that progress in and to see what's possible to 'trilateralize' areas of cooperation going forward.”Biden proposed such a summit when he met with Yoon and Kishida on the sidelines of the Group of Seven summit in Hiroshima, Japan last month, to bolster deterrence against the North and strengthen the free and open internati
Lee Jun-il, the foreign ministry's director-general for North Korean nuclear affairs, briefs reporters on South Korea's unilateral sanctions on North Korea's weapons-financing activities at the ministry in Seoul, Wednesday. YonhapBy Kang Seung-wooSouth Korea added a Russian national of Korean descent to its unilateral sanctions list for his alleged involvement in the illegal financing of North Korea's weapons of mass destruction (WMD) programs, an act that violates United Nations Security Council sanctions, the foreign ministry said, Wednesday.This is the first time that the South Korean government has imposed unilateral sanctions on an individual of Korean descent, the ministry added. The Russian national, named Choi Chon-gon, was one of two individuals as well as two organizations that are subject to the Seoul-led sanctions concerning Pyongyang's military development plan. The other three set to face sanctions are So Myong, head of the North's Foreign Trade Bank branch in Vladivostok, and two companies owned by Choi ― Hanne Ulaan LCC and Epsilon. “Our government's unilateral