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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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Defense

New member of Korea Defense Veterans Association

Korea Defense Veterans Association (KDVA) Korea Chapter President Lee Seo-young poses with Eighth U.S. Army Commanding General Lt. Gen. Willard Burleson after giving him a KDVA membership card at the Millennium Hilton Seoul, Monday. Burleson also gave a speech, during which he thanked the Korean people and KDVA members for their tremendous support for the Eighth Army and its soldiers. The KDVA, founded in 2017, is a nonprofit organization based in Virginia that advocates the Korea-U.S. alliance by supporting former and current American and Korean military service members. Courtesy of KDVA

Jun 28, 2021By Kang Seung-woo
New member of Korea Defense Veterans Association
North Korea

North Korea policy failures causing food shortage: experts

gettyimagesbankTransparency needed in humanitarian assistance to Pyongyang By Kang Seung-wooNorth Korean leader Kim Jong-un's unusual acknowledgement of a food shortage is stirring up legitimate questions about the current situation inside the reclusive state and the reasons behind his admission. Pyongyang watchers also believe the country is facing a quite serious food shortage, and they see Kim's failed major policies as the culprits for the ongoing crisis, along with the triple whammy of last fall's typhoons, COVID-19 and international sanctions. When it comes to humanitarian food assistance from South Korea and the United States, experts also question whether, if accepted, such aid will be distributed to the intended end recipients. Kim admitted on June 17 during a plenary meeting of the ruling Workers' Party that his country is facing food shortages due to last year's typhoon and floods. “By most indications, there appear to be food shortages in the range of 1.35 million to 1.5 million tons ―the worst food crisis since the Great Famine of the 1990s,” said Robert Man

Jun 27, 2021By Kang Seung-woo
North Korea policy failures causing food shortage: experts
Defense

KAI beefs up ESG efforts for sustainable management

Students at Sacheon Elementary School in Sacheon, South Gyeongsang Province, hold toy airplanes in the school gym during an Aviation Camp organized by Korea Aerospace Industries (KAI), April 14. Courtesy of KAICompany gets anti-bribery management systems certification for 1st time in Korean defense industryBy Kang Seung-woo After establishing itself as a leading presence in the nation's defense industry, Korea Aerospace Industries (KAI) is now shifting its focus to environmental, social and corporate governance (ESG) sustainable management. According to the Korea Corporate Governance Service (KCGS), KAI was awarded an A grade in its 2020 ESG overall rating for the third straight year, the first such achievement among domestic defense companies, showing that it is capable of practicing ESG management at the highest level. ESG, referring to a set of management principles and criteria, has become a watchword for the Korean business community, as it encourages efforts toward sustainability and the joint prosperity of businesses and society. The KCGS has seven levels of ratings ― S, A+, A

Jun 25, 2021By Kang Seung-woo
KAI beefs up ESG efforts for sustainable management
Defense

Osstem Implant chief wins KATUSA award

Choi Kyoo-ok, standing front row center on the podium, chairman of Osstem Implant, poses with Eighth U.S. Army Commanding General Lt. Gen. Bill Burleson, standing front row left on the podium; Kim Hae-sung, chairman of the KATUSA Veterans Association, standing front row right on the podium; and Korean and U.S. service personnel and other guests during the KATUSA Awards Ceremony and Dinner at U.S. Army Garrison Humphreys in Pyeongtaek, Gyeonggi Province, June 16. Courtesy of Osstem Implant By Kang Seung-wooChoi Kyoo-ok, chairman of Osstem Implant, one of the pioneers of the nation's dental implant industry, has received an award commemorating KATUSA veterans for their contribution to the decades-long military alliance between Korea and the United States. The KATUSA Veterans Association (KVA) held the 2021 KATUSA Awards Ceremony and Dinner at U.S. Army Garrison Humphreys in Pyeongtaek, Gyeonggi Province, June 16.To celebrate the event, ranking U.S. and Korean service

Jun 22, 2021By Kang Seung-woo
Osstem Implant chief wins KATUSA award
North Korea

'US ready to sit down with North Korea anytime'

Noh Kyu-duk, center, South Korea's special representative for Korean Peninsula peace and security affairs, poses with Sung Kim, left, the U.S. special envoy for North Korea, and Takehiro Funakoshi, the head of the Japanese Foreign Ministry's Asian and Oceanian Affairs Bureau, prior to their talks in Seoul, Monday. YonhapWashington offers conciliatory gesture again but with no enticementBy Kang Seung-wooThe United States once again extended an olive branch to North Korea, Monday, saying that it was ready to hold a meeting with the reclusive regime “anywhere, anytime” amid deadlocked nuclear talks between the two countries. However, Washington did not offer anything to entice Pyongyang back to negotiations. “Our policy calls for a calibrated, practical approach that is open to and will explore diplomacy with the DPRK,” said Sung Kim, the U.S. special representative for North Korea, ahead of a three-way meeting with his South Korean and Japanese counterparts, Noh Kyu-duk, and Takehiro Funakoshi, in Seoul. The DPRK refers to the Democratic People's Republic of Kor

Jun 21, 2021By Kang Seung-woo
'US ready to sit down with North Korea anytime'
North Korea

What enticements will Sung Kim offer to North Korea?

Sung Kim, the U.S. special representative for North Korea, arrives at Incheon International Airport, Saturday. YonhapBy Kang Seung-wooThe visit of Sung Kim, the U.S. special representative for North Korea, to Seoul is raising questions over whether Washington will offer enticements to Pyongyang in a bid to normalize stalled nuclear negotiations.Since February 2019, when the U.S.-North Korea summit ended without reaching a deal on denuclearization, the totalitarian state has continued to refuse engaging both the U.S. and South Korea, thereby hampering inter-Korean relations.Kim, who was appointed to the post last month, arrived here, Saturday, on a five-day trip, during which he is scheduled to sit down with his South Korean counterpart, Noh Kyu-duk, and hold three-way talks that will also include Japan's nuclear envoy, Takehiro Funakoshi, Monday.The planned talks come days after North Korean leader Kim Jong-un said his country should be ready for dialogue and more importantly, confrontation with the U.S., stressing the stable control of the Korean Peninsula situation in his first mes

Jun 20, 2021By Kang Seung-woo
What enticements will Sung Kim offer to North Korea?
  • Will Pyongyang return to negotiating table?
North Korea

Unification minister delays US visit

Unification Minister Lee In-young, right, and Defense Minister Suh Wook attend a Cabinet meeting at the government complex in Seoul, Tuesday. YonhapBy Kang Seung-wooUnification Minister Lee In-young has postponed his long-prepared trip to the United States as it was not expected his visit would yield desirable results, according to the ministry, Tuesday.Starting this year, Lee had been planning a trip to Washington, D.C., to meet the newly inaugurated Joe Biden administration's officials to discuss how to revive stalled North Korean nuclear negotiations and resume cross-border exchanges. Lee is a long-time advocate of engagement with the North.Inter-Korean ties have been deadlocked since the summit between the U.S. and North Korea in Hanoi, Vietnam, in February 2019 ended without a deal. “Despite having prepared for the minister's U.S. visit in late June, we decided to put it on hold after considering numerous factors,” a senior ministry official said. According to the official, ongoing uncertainties between South and North Korea as well as U.S. government officials' hect

Jun 15, 2021By Kang Seung-woo
Unification minister delays US visit
Foreign Affairs

Soured ties between Korea, Japan exposed at G7

President Moon Jae-in and Japanese Prime Minister Yoshihide Suga / YonhapForeign ministry says Tokyo canceled Moon-Suga summitBy Kang Seung-wooThe bleak state of relations between Korea and Japan, caused by historical and territorial issues, continued at last week's Group of Seven (G7) Summit in the United Kingdom, as the two heads of state failed to hold an already long-overdue summit. In addition, Tokyo was reportedly opposed to expanding the G7 so that it might include other countries, including Korea. In the lead-up to the G7 Summit, there had been speculation that President Moon Jae-in and Japan's Prime Minister Yoshihide Suga would likely have their first in-person talks on the sidelines of the event, or even a trilateral meeting including U.S. President Joe Biden. Suga took office in September of last year.However, Moon and Suga just exchanged greetings on Saturday (GMT), before the beginning of an expanded session of the summit, according to Cheong Wa Dae, and a Japanese media outlet reported that the two leaders also encountered each other at an evening banquet for a minute,

Jun 14, 2021By Kang Seung-woo
Soured ties between Korea, Japan exposed at G7
North Korea

Recent inter-Korean 'significant communication' leads to rampant speculation

National Intelligence Service Chief Park Jie-won speaks during a meeting with lawmakers at the National Assembly in Seoul, Wednesday. YonhapBy Kang Seung-woo A recent reference by National Intelligence Service chief Park Jie-won to “significant communication” taking place between South and North Korea around the time of the South Korea-U.S. summit last month has left Pyongyang watchers scrambling to find out the North's real intentions. Inter-Korean ties have been deadlocked since February 2019, when a summit between North Korea and the United States ended without a deal, as evidenced by the North cutting off all government and military communication channels with the South, and blowing up an inter-Korean liaison office in the border city of Gaeseong in June 2020.On Wednesday, South Korea's top intelligence official told lawmakers in the National Assembly's Intelligence Committee that inter-Korean communication took place before or after the May 21 summit between President Moon Jae-in and U.S. President Joe Biden in Washington, D.C.However, he did not specify when they co

Jun 11, 2021By Kang Seung-woo
Recent inter-Korean 'significant communication' leads to rampant speculation
Politics

'Lee Jun-seok effect' increases calls for generational shift in politics

Candidates running in the main opposition People Power Party's chairmanship election, including Lee Jun-seok, right, pose before their online debate in Seoul, Tuesday. YonhapBy Kang Seung-wooA generational shift in politics appears to be looming as young politicians are becoming increasingly vocal, refusing to stand in the shadows of high-profile veteran lawmakers. Political watchers believe that the phenomenon reflects a strong desire for change in Korean politics among voters who are fed up with the old guard. Lee Jun-seok, a 36-year-old former member of the main opposition People Power Party's Supreme Council who has never won a seat at the National Assembly, has been at the forefront of the new wave and is also the strongest candidate to be the PPP's next leader, according to public opinion polls. He is running against former PPP floor leaders Na Kyung-won and Joo Ho-young. Na is a former four-term lawmaker and Joo is a five-term Assemblyman.Within the ruling party, Rep. Park Yong-jin of the Democratic Party of Korea (DPK), a two-term lawmaker who is regarded as a leading figure

Jun 10, 2021By Kang Seung-woo
'Lee Jun-seok effect' increases calls for generational shift in politics
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