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.
South Korea is facing an increasingly complex dilemma over whether to provide military aid to Ukraine, caught between the diverging stances of U.S. President Joe Biden and President-elect Donald Trump, according to analysts, Wednesday.
South Korea expects the United States to maintain its commitment to extended deterrence under the incoming Donald Trump administration despite growing concerns that Washington may adopt a budget-conscious approach to defense cost-sharing and the deployment of U.S. strategic military assets.
The arrest of self-proclaimed power broker Myung Tae-kyun is intensifying the political crisis for President Yoon Suk Yeol, who faces allegations of election interference alongside his wife, Kim Keon Hee. The arrest is at the center of a growing scandal that continues to unfold around Myung, according to political watchers, Friday.
China is preparing to appoint Dai Bing, its deputy representative to the United Nations, as its new envoy to Korea, a move diplomatic analysts see as Beijing’s latest effort to repair its strained relationship with Seoul.
U.S. President-elect Donald Trump appointed key security aides known for their hard-line stance toward America's geopolitical adversaries, including China and Iran, fueling speculation that he may revive his so-called "maximum pressure" strategy against North Korea as well, analysts said Wednesday.
Foreign Minister Cho Tae-yul expressed optimism on Tuesday that the South Korea-U.S. alliance will remain solid under the incoming Donald Trump administration, dismissing concerns that the president-elect's "America First" policies could weaken the decades-long partnership.
A burial ceremony for Rod Asanapan, a Thai veteran of the 1950-53 Korean War, takes place at the U.N. Memorial Cemetery in Busan, Monday, marking the first such burial of a Thai veteran in South Korea. Asanapan, who served in the Thai Medical Corps and participated in major battles from November 1952 to October 1953, passed away in June 2023 at the age of 100. The ceremony coincided with "Turn Toward Busan," South Korea’s annual Nov. 11 ceremony paying tribute to United Nations forces who supported the South during the war. Yonhap
Speculation is growing that Russia may have provided North Korea with military technology to advance its intercontinental ballistic missile (ICBM) program, given that the latest launch in October was conducted without a new engine test, according to analysts, Monday.
President Yoon Suk Yeol reached the halfway point of his five-year term, Sunday, but there is little to celebrate. His midterm report card is marked by an approval rating below 20 percent, making Yoon one of Korea’s least popular leaders at this stage of a presidency.