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Lee Hyo-jin

Korea Times Finance Reporter

Lee Hyo-jin covers the Bank of Korea, the banking industry and broader financial news. Her previous beats include foreign affairs, North Korea and general reporting on Korean society.

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Foreign Affairs

Cambodians bristle at Korean president's now-deleted post on scam rings

A now-deleted social media post by President Lee Jae Myung about Southeast Asian phishing crime rings has stirred unease among Cambodians, who saw the phrasing as unfairly characterizing the country as a hotbed of scams. In recent months, Korean authorities and the Cambodian government have cooperated to crack down on crime rings based in Cambodia involving Koreans, as part of broader efforts to combat transnational online scam operations. The controversy centers on a message Lee posted last Friday on X, formerly Twitter, in both the Korean and Khmer languages. The post shared a Korean media report suggesting that Chinese scam rings operating in Cambodia had stopped recruiting Koreans for fear of a crackdown by Korean authorities. "Do you think my warning that those who mess with Koreans will lose everything is just empty talk?" the president wrote. "When the Republic of Korea commits, it follows through to the very end." His message, however, had the unintended effect of angering Cambodians. "The visual appearance of his tweet was diplomatically clumsy, as it did not bring about an impor

Feb 3, 2026By Lee Hyo-jin and Park Ung
Cambodians bristle at Korean president's now-deleted post on scam  rings
Society

Korean adoptees welcome fresh inquiry into rights violations in adoption process

Overseas adoptees welcomed the government’s plan to resume and expand investigations into suspected misconduct in Korea's overseas adoption system that sent roughly 200,000 Korean children to Western countries, mostly between the 1960s and 1980s. The work will be carried out by the Truth and Reconciliation Commission (TRC), an independent government body tasked with probing human rights abuses and mass killings committed by or involving the state during the 1950‑53 Korean War and under postwar authoritarian regimes. The third TRC is scheduled to launch on Feb. 26, following revisions to the Framework Act on Settling the Past for Truth and Reconciliation, passed by the National Assembly last Thursday. The changes paved the way for the new commission. "By establishing TRC3, this parliament has chosen truth over silence, and justice over denial," Peter Moller, an adoptee from Denmark and co-founder of the Danish Korean Rights Group, told The Korea Times. "For those affected by institutionalization and adoption, truth-finding is not only about past wrongdoing, but about restoring identit

Feb 3, 2026By Lee Hyo-jin
Korean adoptees welcome fresh inquiry into rights violations in adoption process
Politics

Lee doubles down on housing policy in social media posts

President Lee Jae Myung expressed his firm resolve to stabilize housing prices, drawing sharp criticism from the main opposition People Power Party (PPP), which accused him of targeting owners of multiple homes instead of offering effective policy solutions. In a series of posts on X, formerly Twitter, Lee criticized the PPP and some media outlets for what he described as waging "groundless attacks" on the government's real estate policies. Lee took aim Sunday at media coverage highlighting the potential side effects of tougher capital gains taxes on multiple-home owners. The reporting followed his recent statement that the government would not extend the current exemptions from higher capital gains taxes to people who own more than one residence. "If principled reporting is too much to ask, I sincerely hope the media will at least refrain from defending 'destructive' speculation on the housing market or engaging in excessive and unfair attacks on the government," Lee wrote. In a post the previous day, the president likened opposition party members to "kindergarteners just learning how t

Feb 1, 2026By Lee Hyo-jin
Lee doubles down on housing policy in social media posts
Politics

Lee calls on workers to swiftly adapt to 'unavoidable' AI robotics era

President Lee Jae Myung said Thursday that workers must adapt swiftly to the era of artificial intelligence (AI), in an apparent message to Hyundai Motor's labor union, which has strongly opposed the carmaker's planned introduction of humanoid robots at production facilities. "A labor union appears to have announced that it will stop robots from entering production sites. That may be part of its overall protest strategy," Lee said during a meeting with senior aides at Cheong Wa Dae. "But once the massive wagon starts rolling, we cannot stop it," Lee said, likening the current situation to the past, when the introduction of steam engines triggered machine-breaking protests by laborers worried about losing jobs. Lee added: "Ultimately, society has to adapt quickly. People need to learn new skills and adjust rapidly to the new environment." The president stressed the importance of preparing workers for technological change rather than resisting it, as AI-driven automation accelerates across industries. He also underscored the need for fundamental policies to prepare for extreme polarization

Jan 29, 2026By Lee Hyo-jin
Lee calls on workers to swiftly adapt to 'unavoidable' AI robotics era
Foreign Affairs

Trump's 'Board of Peace' cannot replace UN, says foreign minister

The “Board of Peace” initiated by U.S. President Donald Trump, supposedly aimed at addressing the Gaza conflict, cannot replace the United Nations, Foreign Minister Cho Hyun said on Thursday. The top diplomat's remarks came as Korea weighs a decision on whether to accept an invitation to join the Washington-led international group, an offer the government confirmed it received last week. “Even if the United Nations becomes paralyzed, it cannot be replaced (by the Board of Peace). The U.N. will continue to be as it is. When the time comes, it will carry out the role entrusted to it,” Cho said at a forum hosted by the Kwanhun Club, an association of senior journalists. Cho said no decision had yet been made on whether Seoul would join the initiative, adding that the invitation had arrived “rather abruptly” and was now under review. The top diplomat voiced support for Trump's broader peace objectives. “Even if we do not immediately sign on to join, we support the U.S.' efforts to promote international peace,” he said. Trump officially launched the Board of Peace last week at

Jan 29, 2026By Lee Hyo-jin
Trump's 'Board of Peace' cannot replace UN, says foreign minister
Defense

UNC asserts authority in DMZ as ruling party pushes for civilian access

The U.S.-led United Nations Command (UNC) reasserted its authority Wednesday over the thin, landmine-strewn strip separating the two Koreas, signaling a widening rift with South Korea’s ruling party and the Ministry of Unification over who controls access to the demilitarized zone. "The substantive provisions within the Armistice Agreement make it clear that the UNC commander is responsible for military and civil administration within the southern half of the DMZ," a UNC official said during a closed-door briefing in Seoul. The remarks come as debate intensifies over proposed legislation that would allow civilians to enter the demilitarized zone without prior approval from the UNC. Under the Armistice Agreement that halted the Korean War in 1953, all access to the zone currently requires UNC authorization. Last year, lawmakers of the ruling Democratic Party of Korea proposed a bill that would give the South Korean government greater leeway to approve nonmilitary access to the DMZ. Unification Minister Chung Dong-young has expressed support for the bill. Supporters of the bill argue tha

Jan 28, 2026By Lee Hyo-jin
UNC asserts authority in DMZ as ruling party pushes for civilian access
North Korea

Funeral in Seoul seen as chance to revive stalled inter-Korean dialogue

A funeral for former Prime Minister Lee Hae-chan, a key figure in inter-Korean relations, is drawing attention over whether North Korea will send official condolences — a rare move that, if made, could signal a small opening after years of strained ties. Lee, who was serving as the vice chair of the Peaceful Unification Advisory Council, died Sunday during a trip to Vietnam. He was 73. His body is scheduled to arrive at Incheon International Airport early Tuesday and will be transferred to Seoul National University Hospital, where funeral services will be held. The funeral will be held over five days as a “social funeral,” jointly organized by the Peaceful Unification Advisory Council — a designation reserved for figures who made significant contributions to the state and society. For Seoul, a condolence message from Pyongyang would serve as a key diplomatic barometer. As one of the chief architects of the Sunshine Policy of rapprochement with the North, Lee was a central figure in inter-Korean relations, and a formal gesture from North Korean leader Kim Jong-un would signal a lo

Jan 26, 2026By Lee Hyo-jin
Funeral in Seoul seen as chance to revive stalled inter-Korean dialogue
Foreign Affairs

As Korea weighs joining Trump's 'Board of Peace,' experts see more gains than risks

Korea faces a diplomatic dilemma after receiving U.S. President Donald Trump’s invitation to join the “Board of Peace,” a Washington-led initiative initially framed around the Gaza conflict but expected to evolve into a broader global forum. Foreign policy experts, meanwhile, contend that Seoul has little choice but to secure a seat at the table. As of Sunday, the Korean government has not announced whether it would accept or reject the invitation, which it confirmed receiving earlier that week. Cheong Wa Dae said it was reviewing participation and would take into account the board’s contributions to peace and stability and Korea’s potential role in the forum. Several traditional U.S. allies in Europe, including France and the United Kingdom, have either declined to join or expressed reluctance. Russia has reportedly discussed participation on the condition of unfreezing Russian assets held in the U.S. in exchange for a $1 billion contribution. Amid the differing reactions from the invited states, analysts view Korea as likely to eventually accept the offer, as there is little

Jan 23, 2026By Lee Hyo-jin
As Korea weighs joining Trump's 'Board of Peace,' experts see more gains than risks
North Korea

South Korea earmarks $11.6 mil. for inter-Korean cooperation projects

The South Korean government said Thursday it has approved 17.1 billion won ($11.6 million) in funding for projects promoting inter-Korean exchanges in cultural, humanitarian and economic cooperation. Experts on North Korea said the move is significant, signaling that the Ministry of Unification has reasserted its leading role in overseeing such initiatives. The decision came at a meeting of the Inter-Korean Exchange and Cooperation Promotion Committee, chaired by Unification Minister Chung Dong-young. It was the committee’s first in-person meeting in four years. At the meeting, the committee approved funding for seven inter-Korean projects. Among them was 2.6 billion won for the inter-Korean compilation of the "Gyeoremal Dictionary," a joint project to document the Korean language as used in both Koreas. Another 845 million won was allocated for projects related to the joint excavation of the Manwoldae Palace site in the North Korean city of Gaesong, as the government seeks to revive the long-stalled cultural heritage initiative that has been suspended since 2018 amid heightened inter-

Jan 22, 2026By Lee Hyo-jin
South Korea earmarks $11.6 mil. for inter-Korean cooperation projects
North Korea

President prioritizes 'peaceful coexistence' over unification with North Korea

President Lee Jae Myung said Wednesday that the nation's ultimate goal of Korean unification is not an immediate priority, stressing that avoiding conflict and pursuing peaceful coexistence with North Korea should come first. His remarks reflect a pragmatic assessment of the current state of inter-Korean relations, with Pyongyang remaining unresponsive to the Lee administration’s repeated overtures toward rapprochement. "Unification feels like a distant prospect at the moment. We would be fortunate simply to avoid a war. Setting that aside for now, we must do everything possible to move toward a situation in which peaceful coexistence is achievable," Lee said during a New Year's press conference at Cheong Wa Dae. Lee also emphasized the importance of Washington's role in easing tensions with Pyongyang. "In that process, the role of the United States is very important," he said. "U.S. President Donald Trump is, in some ways, an unconventional figure. But I believe that quality could prove helpful in resolving issues on the Korean Peninsula." The president added that he was prepared to pl

Jan 21, 2026By Lee Hyo-jin
President prioritizes 'peaceful coexistence' over unification with North Korea
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CEO & Publisher: Oh Young-jinDigital News Email: webmaster@koreatimes.co.krTel: 02-724-2114Online newspaper registration No: 서울,아52844Date of registration: 2020.02.05Masthead: The Korea TimesCopyright © koreatimes.co.kr. All rights reserved.