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.
A monument honoring Adm. Son Won-il, a Korean War veteran who played a key role in the success of the Battle of Incheon, has been erected in Incheon, according to the Ministry of Patriots and Veterans Affairs.
South Korea and member states of the United Nations Command (UNC) pledged a united front against North Korea's threats during a defense ministerial meeting in Seoul, Tuesday.
Artificial intelligence (AI) is increasingly shaping military strategies, as is evident in the ongoing war in Ukraine and the latest conflicts in the Middle East. AI is being utilized in various military applications, including autonomous weapons, logistics, strategy development, cybersecurity and even decision-making processes.
Seven months ago, when President Yoon Suk Yeol unveiled his ambitious medical reform plan, which included a significant increase in medical school admission quotas, it was widely welcomed by the public. The plan garnered nearly 80 percent of support, surveys showed, as people positively viewed Yoon's bold move to address the nation's chronic doctor shortage.
President Yoon Suk Yeol and Japanese Prime Minister Fumio Kishida held a summit in Seoul, Friday, where they reaffirmed their commitment to strengthening bilateral partnerships that will continue beyond Kishida's term, which ends later this month.
The Philippine government urged Korean authorities to ensure that Filipino caregivers in Seoul receive the minimum wage, Thursday, stressing that equal treatment under Korea’s Foreign Employment Act was a key condition of the bilateral pilot project.
Kim Tae-hyo, a key foreign policy aide to President Yoon Suk Yeol, suggested that a potential return of former U.S. President Donald Trump could weaken the U.S. security umbrella, in a rare expression of concern by a government official regarding the potential victory of the Republican candidate, analysts said Wednesday.
The South Korean military is set to purchase Polish loitering munitions within this year, a move experts believe will significantly bolster the nation's ability to counter North Korea's purported suicide drones. The Polish drones, proven effective on the battlefield in Ukraine against Russian forces, could be a game changer in airborne warfare, analysts said.
Defense Minister nominee Kim Yong-hyun rebuked speculations that his appointment is part of a broader government plan to declare martial law, a claim raised by the opposition bloc, Monday.
Prosecutors are intensifying their investigation into bribery allegations involving former President Moon Jae-in, focusing on claims that his former son-in-law was appointed as a local airline executive in exchange for favors granted to the firm's founder, officials said Sunday.