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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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Foreign Affairs

Yoon's delegation, Japanese PM agree to seek better ties

Deputy National Assembly Speaker Chung Jin-suk, fourth from left, who heads President-elect Yoon Suk-yeol's delegation for policy consultations with Japan, delivers a personal letter from Yoon to Japanese Prime Minister Fumio Kishida, fourth from right, during their meeting at the prime minister's office in Tokyo, Tuesday. YonhapBy Kang Seung-wooPresident-elect Yoon Suk-yeol's delegation and Japanese Prime Minister Fumio Kishida agreed, Tuesday, that Korea and Japan should make diplomatic efforts to repair their soured bilateral ties, according to the head of the delegation. However, the delegation didn't invite Kishida in person to attend Yoon's May 10 inauguration ceremony, saying that the ball is in the prime minister's court to decide whether he will be present. The seven-member delegation, led by National Assembly Vice Speaker Rep. Chung Jin-suk, flew to Tokyo on a five-day trip, Sunday, and paid a courtesy call to the Japanese leader at his office. “We concurred that the two countries should work hard for the development of future-oriented relations and mutual interest,

Apr 26, 2022By Kang Seung-woo
Yoon's delegation, Japanese PM agree to seek better ties
Foreign Affairs

Yoon's delegation, Japanese foreign minister agree on need to mend frayed ties

South Korea's Deputy National Assembly Speaker Chung Jin-suk, left, who heads President-elect Yoon Suk-yeol's delegation for policy consultations with Japan talks with Japanese Foreign Minister Yoshimasa Hayashi, second from right, during their meeting at the Japanese foreign ministry in Tokyo, Monday. YonhapDelegation to meet with Japanese PM Kishida WednesdayBy Kang Seung-wooPresident-elect Yoon Suk-yeol's policy consultation delegation and Japan's top diplomat concurred on the need, Monday, to bolster relations between South Korea and Japan on the occasion of Seoul's leadership change, according to the head of the team.However, the delegates did not go into detail about thorny issues over wartime history such as sexual slavery and forced labor that have prevented the neighboring countries from getting along with each other for years. The seven-member delegation, led by Vice National Assembly Speaker Rep. Chung Jin-suk, who flew to Tokyo on a five-day trip, Sunday, sat down with Japanese Foreign Minister Yoshimasa Hayashi, who was accompanied by Deputy Foreign Minister Takeo Mori.

Apr 25, 2022By Kang Seung-woo
Yoon's delegation, Japanese foreign minister agree on need to mend frayed ties
Foreign Affairs

KOICA promotes global sustainable development via science and technology program

Scientists carry out research at the Vietnam-Korea Institute of Science and Technology (VKIST), established by KOICA to support the development of science and technology in the Southeast Asian country. Courtesy of KOICA By Kang Seung-wooThe Korea International Cooperation Agency (KOICA) implemented 63.5 billion won ($51 million) in science and technology innovation projects in 2021 to contribute to innovation in developing countries, according to the state-run aid agency, Monday.April 21 marked Science Day in Korea, signifying support for the development of science and technology, while the United Nations has designated 2022 as the Year of Basic Sciences for Sustainable Development. In celebration of Science Day, KOICA shed light on various science- and technology-related projects it has carried out in developing countries to solve economic and social problems, the development cooperation agency announced Thursday. KOICA's projects are in line with the U.N. Sustainable Development Goals (SDGs) and their targets, which emphasize innovation in science and technology including strengthe

Apr 25, 2022By Kang Seung-woo
KOICA promotes global sustainable development via science and technology program
Foreign Affairs

Will Japanese PM attend Yoon's inauguration ceremony?

A delegation of President-elect Yoon Suk-yeol, led by Rep. Chung Jin-suk, third from right, of the People Power Party, speaks to reporters at Incheon International Airport, Sunday, before leaving for Japan for policy consultations. YonhapPresident-elect Yoon's delegation carries letter to JapanBy Kang Seung-wooPresident-elect Yoon Suk-yeol's delegation for policy consultations with Japan flew to Tokyo, Sunday, to invite Japanese Prime Minister Fumio Kishida to his May 10 inauguration ceremony. It is the second instance of the incoming president sending delegates to Korea's allies and partners after the United States earlier this month, a sign that the new Korean government will focus on thawing frosty ties with Japan over wartime history such as sexual slavery and forced labor. During the campaign, Yoon called for a future-oriented approach to thorny issues between the two sides.However, it remains to be seen if his fence-mending efforts will prompt the Japanese prime minister to attend the event despite objections from his ruling party, which insists on Seoul taking conciliator

Apr 24, 2022By Kang Seung-woo
Will Japanese PM attend Yoon's inauguration ceremony?
Health

Yoon holds private meeting with visiting US nuclear envoy

President-elect Yoon Suk-yeol, second from left, poses with Sung Kim, third from left, the U.S. special envoy for North Korea, Vice National Assembly Speaker Rep. Chung Jin-suk, left, and Rep. Cho Tae-yong during their meeting at Chung's residence in Seoul, Tuesday. Courtesy of presidential transition committee President-elect shows strong determination to coordinate with US on North Korea policyBy Kang Seung-wooPresident-elect Yoon Suk-yeol had an unscheduled meeting with Sung Kim, the U.S. special representative for North Korea, Tuesday, and expressed his strong determination to coordinate with the United States on North Korea's mounting threats, according to his transition team, Wednesday.Yoon had dinner with the American envoy at the residence of Vice National Assembly Speaker Rep. Chung Jin-suk in Seoul, according to the transition committee. Chung, a longtime friend of Kim, arranged the gathering that lasted more than two hours. Rep. Cho Tae-yong of the main opposition People Power Party and former Vice Foreign Minister also accompanied them. Kim is visiting Seoul on a five-day

Apr 20, 2022By Kang Seung-woo
Yoon holds private meeting with visiting US nuclear envoy
Defense

Retired Army captain elected as new veterans association chief

Korean Veterans Association President Shin Sang-tae speaks during his inauguration ceremony in the organization's office in Seoul, Friday. Courtesy of the Korean Veterans Association By Kang Seung-wooShin Sang-tae, a retired Army captain, has been elected to head the Korean Veterans Association (KVA), becoming the association's first president in its 70-year history who, at the time of his retirement, did not possess the military rank of star.According to the KVA, Shin, who also served as the vice president of the KVA, earned 252 votes from its 359 representatives to dethrone incumbent chief Kim Jin-ho with 102 votes in an online poll on April 13. The 70-year-old took the helm, Friday, and will lead the KVA for the next four years. Shin, a native of Gumi, North Gyeongsang Province, is a graduate of the Korea Army Academy at Yeongcheon and led the KVA's Seoul branch from 2009 to 2015. Before joining the military academy, he majored in public administration at Konkuk University in Seoul, where he also earned a master's degree in real estate and a Ph.D. in business administration. He is

Apr 20, 2022By Kang Seung-woo
Retired Army captain elected as new veterans association chief
North Korea

North Korea likely to resume show of force to commemorate multiple anniversaries

This photo, released Sunday, by North Korea's official Korean Central News Agency, shows the test-firing of what it claims to have been a new tactical guided weapon. EPA-YonhapBy Kang Seung-wooThere was no massive military parade nor a nuclear test when North Korea celebrated its late founder's birth anniversary, Saturday. However, Pyongyang's military show of force remains a possibility as the country is set to mark 2022 as a “revolutionary year of celebrations,” with its first step likely to be a demonstration of its military hardware later this month, according to diplomatic observers, Tuesday. North Korea is set to celebrate multiple anniversaries this year. This year is the 10th anniversary of North Korean leader Kim Jong-un's reign in power, while the reclusive nation will also be commemorating the 110th and 80th birthday anniversaries of Kim Il-sung and Kim Jong-il, the current dictator's grandfather and father, respectively. In addition, the country is scheduled to mark the 90th anniversary of the founding of the Korean People's Revolutionary Army, the predecessor

Apr 19, 2022By Kang Seung-woo
North Korea likely to resume show of force to commemorate multiple anniversaries
Foreign Affairs

Time to change conciliatory approach to North Korea: FM nominee

Foreign Minister nominee Park Jin speaks to reporters at his temporary office in Seoul, Monday. Yonhap South Korea, US nuclear envoys discuss North Korea issues By Kang Seung-wooForeign Minister nominee Park Jin suggested, Monday, that the new South Korean government will turn away from the Moon Jae-in administration's inter-Korean peace initiative amid escalating threats from North Korea.Stressing the importance of cooperating with the U.S. in handling Pyongyang's provocations and promoting peace and stability on the Korean Peninsula, the nominee said he expected to meet with the U.S. nuclear envoy, who arrived in Seoul earlier in the day for talks with his South Korean counterpart and officials of President-elect Yoon Suk-yeol's transition committee. Park, a four-term lawmaker of the conservative People Power Party who is recognized as an expert on relations with the U.S., led the ROK-U.S. Policy Consultation Delegation to Washington, D.C., earlier this month. During their visit, the delegates met with key senior officials of the Joe Biden administration such as National Security A

Apr 18, 2022By Kang Seung-woo
Time to change conciliatory approach to North Korea: FM nominee
Defense

Military veteran groups donate to building Wall of Remembrance in Washington

KATUSA Veterans Association Chairman Kim Hae-sung, second from right, and Korea Defense Veterans Association Chairman Vincent Brook, second from left, pose at the Korean War Veterans Memorial in Washington, D.C., Friday (local time) after donating $50,000 to Chairman John Tilelli, third from left, of the Korean War Veterans Memorial Foundation, in charge of the establishment of the Wall of Remembrance. Kim Jong-wook, right, the KVA chairman emeritus, and Yoon Yoon-soo, third from right, the chairman of Fila Holdings and a standing adviser to the KVA, also attended the donation ceremony. Courtesy of KATUSA Veterans Association By Kang Seung-wooThe KATUSA Veterans Association (KVA) and the Korea Defense Veterans Association (KDVA) have donated $50,000 (61 million won) to the establishment of a remembrance wall in Washington, D.C. that will feature the names of tens of thousands of American and KATUSA soldiers who lost their lives during the 1950-53 Korean War. KATUSA

Apr 16, 2022By Kang Seung-woo
Military veteran groups donate to building Wall of Remembrance in Washington
North Korea

Inter-Korean ties won't normalize if NK keeps pursuing nuclear weapons: minister nominee

Unification Minister nominee Kwon Young-se, center, speaks to reporters as he arrives at a temporary office in Seoul, Thursday, to prepare for his parliamentary confirmation hearing. YonhapBy Kang Seung-wooThe normalization of deadlocked inter-Korean ties will be unlikely as long as North Korea continues to modernize its nuclear weapons, the unification minister nominee said, Thursday. However, he also said South Korea's new Yoon Suk-yeol administration will try to build the momentum to resume talks between the two Koreas, although it will be a daunting task. Rep. Kwon Young-se, a four-term lawmaker who is currently doubling as the vice chairman of Yoon's transition committee, was selected, Wednesday, to head the unification ministry, which is in charge of inter-Korean affairs. “North Korea's denuclearization is the only path toward the normalization of inter-Korean relations,” Kwon told reporters.Citing the recent threat of the North Korean leader's sister, Kim Yo-jong, to use nuclear weapons against South Korea, and the lack of any sign from Pyongyang that it will give

Apr 14, 2022By Kang Seung-woo
Inter-Korean ties won't normalize if NK keeps pursuing nuclear weapons: minister nominee
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