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Kang Seung-woo

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.

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Politics

Korea, US, Japan stage trilateral anti-submarine drills

Warships from the naval forces of South Korea, the United States and Japan participate in an exercise in international waters of the East Sea, Friday. Courtesy of Republic of Korea Navy By Kang Seung-wooThe naval forces of South Korea, the United States and Japan conducted a three-way anti-submarine warfare exercise, Friday, in international waters of the East Sea amid North Korea's growing threats, including its submarine-launched ballistic missiles (SLBMs). The drill carried added significance as it was the first of its kind in five years, as the previous administrations of Seoul and Washington had scaled back exercises in a bid to diplomatically engage North Korea.According to the Republic of Korea Navy, the drill featured its Munmu the Great destroyer and Japan's Asahi-class destroyer as well as the flagship of Carrier Strike Group (CSG) 5, including USS Ronald Reagan, Ticonderoga-class USS Chancellorsville guided-missile cruiser and Arleigh Burke-class USS Barry guided-missile destroyer. The Navy said the training was designed to strengthen the capability to respond effectively

Sep 30, 2022By Kang Seung-woo
Korea, US, Japan stage trilateral anti-submarine drills
Politics

Harris visit unlikely to help Korea resolve IRA concerns

U.S. Vice President Kamala Harris, center, talks to U.S. Navy sailors as she receives a briefing from them while on the USS Howard at Yokosuka Naval Base in Japan, Wednesday. AP-YonhapUS vice president to arrive in Seoul ThursdayBy Kang Seung-wooIt will be virtually impossible for the U.S. to allow, during U.S. Vice President Kamala Harris' visit to Seoul Thursday, some types of exceptions for South Korea in the Inflation Reduction Act (IRA) that poses a threat to the South's carmakers, according to diplomatic observers, Wednesday. Since news broke earlier this month that Harris' trip includes a meeting with President Yoon Suk-yeol, there has been speculation that the No. 2 official in the U.S. government might be able to do something to ease complaints voiced by its longtime ally about the IRA.In addition, Harris' remarks from her meeting with Prime Minister Han Duck-soo in Japan, Tuesday ― after which the first vice foreign minister accompanying Han quoted her as saying that Washington will seek ways to address Seoul's concerns over the IRA ― have further raised expectations here.

Sep 28, 2022By Kang Seung-woo
Harris visit unlikely to help Korea resolve IRA concerns
  • Yoon set to meet U.S. Vice President Harris amid N. Korea threat, IRA concerns
Foreign Affairs

World Wide Web inventor awarded Seoul Peace Prize

Tim Berners-Lee / NewsisBy Kang Seung-wooThe Seoul Peace Prize Cultural Foundation announced, Wednesday, that Tim Berners-Lee, the inventor of the World Wide Web, has been selected as the recipient of this year's Seoul Peace Prize for his dedication to developing a peace movement to secure and protect individual data sovereignty.The award was established in 1990 to commemorate the success of the 24th Olympic Games which were held in Seoul, Korea in 1988, an event in which 160 nations from around the world took part, fostering harmony and friendship.According to the foundation, the eight-member selection committee conducted an in-depth screening of the candidates, including former and current heads of state and others from a range of areas, who were committed to building international peace in the fields of human rights, democratization, international cooperation, anti-war and anti-nuclear weapons, human welfare, women, children, environment, science technology and culture. Berners-Lee, 67, developed the World Wide Web in 1989 and released it for free to people around the world. He is

Sep 28, 2022By Kang Seung-woo
World Wide Web inventor awarded Seoul Peace Prize
Defense

INTERVIEW Leonardo hopes for expanded collaborations with Korea

Leonardo's AWHero rotary uncrewed aerial system / Courtesy of LeonardoMultinational firm ready to help handle threats in Indo-Pacific By Kang Seung-wooLeonardo, a global giant in aerospace, defense and security, has a long track record of collaborating with Korea in both military and non-military sectors. The Republic of Korea (ROK) Navy has operated the firm's best-selling AW159 maritime operations helicopter, while the nation's Coast Guard, firefighting services and medical operators are also its faithful customers.Rather than resting on its laurels, the multinational company headquartered in Rome and present in Korea with its branch office is seeking to increase its collaborations with Korean industries and partners on new programs. “For us, Korea is one of the top partner and the top markets,” Alberto Pietra, Leonardo's senior vice president for Asia and Far East regional markets, said during an interview with The Korea Times on the sidelines of the Defense Expo Korea (DX Korea), Friday.Alberto PietraThe biennial military fair was held from Sept. 21 to 25, and Leonard

Sep 27, 2022By Kang Seung-woo
[INTERVIEW] Leonardo hopes for expanded collaborations with Korea
Defense

Tank, howitzer exports to Poland feared to create arms shortage in Korean military

The K2 Black PantherBy Kang Seung-wooDozens of tanks and self-propelled howitzers that were supposed to be delivered to the Republic of Korea (ROK) Army will be shipped to Poland, according to a lawmaker.In addition, some howitzers that have already been in operation for years, will also be delivered to the Central European country, raising concerns over a possible weapons shortage in the military.Korea and Poland agreed to a framework contract in July, under which Warsaw will purchase 980 K2 tanks from Hyundai Rotem and 648 K9 howitzers from Hanwha Defense as well as 48 FA-50 light attack aircraft from Korea Aerospace Industries. The deal was among Korea's most important and largest defense orders in recent years.In addition, the two sides inked follow-up contracts, last month that calls for the delivery of 180 K2 tanks from 2022 to 2025 and 212 K9 howitzers between 2022 and 2026.According to Rep. Song Ok-joo of the main opposition Democratic Party of Korea (DPK), 32 K2 tanks and 12 K9 howitzers will be exported to Poland.“The ROK Army plans to procure 10 K2 tanks this year, 1

Sep 27, 2022By Kang Seung-woo
Tank, howitzer exports to Poland feared to create arms shortage in Korean military
Foreign Affairs

Broader partnerships to solve broader challenges: How Korea is leading the way

By Ragnheiour Elin ArnadottirFrom COVID-19 to climate change to Russia's war against Ukraine, the world is weathering a perfect-storm of multiple, cascading crises. The consequences of which have spread fast and far, affecting the world's most vulnerable people the most. To face these crises, we need more financing and more importantly, we need more solidarity and more partners on-board. Ragnheiour Elin Arnadottir Earlier this month, I had the pleasure of attending the 15th edition of the Seoul Official Development Assistance (ODA) International Conference on "Expanding Horizons for Global Development Partnership.” A welcome focus at a time when it is vital to expand development financing and support the emergence of a more diverse range of development cooperation partners. To quote former United Nations Secretary General Ban Ki-moon: “(…) Broad partnerships are the key to solving broad challenges." A mantra that we, the OECD's Development Centre and our partners for

Sep 19, 2022By Kang Seung-woo
Broader partnerships to solve broader challenges: How Korea is leading the way
Politics

Leonardo poised to offer multi-solutions for national security at DX Korea

The Korean Navy's AW-159 Wildcat maritime helicopter conducts an anti-submarine warfare exercise with a frigate. Courtesy of LeonardoItalian firm deepens ties with Korean partners By Kang Seung-wooLeonardo, an Italian company specializing in aerospace, defense and security, is coming to Korea to participate in Defense Expo Korea (DX Korea) with a view to extending its offers to help Seoul boost its national security. DX Korea is a biennial defense fair and it is scheduled to take place Wednesday through Sunday at KINTEX in Goyang, Gyeonggi Province. Although the Korean military has been heavily relying on U.S. military equipment, the Italian firm, headquartered in Rome, has been maintaining deep relations with Korea for more than half a century by providing advanced tailor-made solutions to its customers from individual products to integrated systems and platforms.For example, Korea has operated Leonardo technologies including helicopters, radars, communication and surveillance systems for airborne and naval applications and naval defense systems since the early 1990s. In addition, i

Sep 19, 2022By Kang Seung-woo
Leonardo poised to offer multi-solutions for national security at DX Korea
Politics

Defense fair helps establish Korea as solid weapons exporter

Kwon Oh-sung, the president of the organizing committee for the Defense Expo Korea, poses at the headquarters of the Association of the Republic of Korea Army in Seoul. Courtesy of Association of the Republic of Korea ArmyDX Korea to take place at KINTEX Wednesday through Sunday By Kang Seung-wooKorea has been expanding its presence in the global defense industry on the back of its recent massive arms deal with Poland, worth an estimated 20 trillion won ($14.3 billion), an achievement bringing more attention to Korean-made military hardware.The agreement even encouraged President Yoon Suk-yeol last month to unveil a plan to make Korea one of the world's top four weapons suppliers. Amid the winning vibes, Kwon Oh-sung, the president of the organizing committee for the Defense Expo Korea (DX Korea), believes that the biennial defense fair can play a role in helping the country to establish itself as a solid international powerhouse in the sector. DX Korea, hosted by the Association of the Republic of Korea Army and co-organized by the Korea Trade-Investment Promotion Agency (KOTRA), i

Sep 17, 2022By Kang Seung-woo
Defense fair helps establish Korea as solid weapons exporter
Defense

KAI signs follow-up contract with Poland to sell 48 FA-50s

FA-50 light attackers / Korea Times file By Kang Seung-wooKorea Aerospace Industries (KAI) and Poland have signed a contract worth an estimated $3 billion (4.1 trillion won) to follow July's deal to export 48 FA-50 light attackers, according to the state-run arms procurement agency, Friday. The signing ceremony took place in Minsk Mazowiecki, Friday (local time), where the aircraft will be stationed, with Polish President Andrzej Duda and Defense Minister Mariusz Blaszczak in attendance as well as Eom Dong-hwan, the minister of Korea's Defense Acquisition Program Administration (DAPA), and KAI CEO Kang Goo-young. The FA-50 is a variant of KAI's T-50 supersonic trainer jet, co-developed with Lockheed Martin using some of the U.S. firm's technologies, including the avionics system and engine. It has been exported to Iraq, the Philippines and Thailand. The Republic of Korea Air Force has been operating 60 FA-50s since 2014. The signing was a follow-up arrangement to Po

Sep 16, 2022By Kang Seung-woo
KAI signs follow-up contract with Poland to sell 48 FA-50s
North Korea

Unification ministry ends 'fake news' monitoring on North Korea

By Kang Seung-wooThe Ministry of Unification is poised to finishing monitoring “fake news” on North Korea only one year after starting the program amid lingering questions on its effectiveness.According to the ministry, Wednesday, it has decided not to earmark a budget for the program for 2023. Last year, 200 million won ($143,000) was budgeted to counter disinformation in 2022.North Korean leader Kim Jong-un / Korea Times fileThe project was launched amid growing concerns that the spread of unsubstantiated rumors and speculation about the secretive state could trigger confusion and instability in society and financial markets. The monitoring system has provided corrections on unreliable information and the ministry's countermeasures on its official website. A ministry official said the ministry decided to cut the program after considering a variety of relevant factors. From the beginning, the project faced strong criticism for being ineffective and wasteful. In addition, it was also pointed out that the standards for classifying fake news and the countermeasures to be us

Sep 14, 2022By Kang Seung-woo
Unification ministry ends 'fake news' monitoring on North Korea
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