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 new initiative that South Korea, the United States and Japan have agreed to jointly launch in order to counter North Korea's escalating threats is likely to have a limited effect, according to analysts, Sunday, who think the initiative lacks a two-track strategy that combines an openness for dialogue with strong deterrence.
President Yoon Suk Yeol pledged, Thursday, to enhance government support for the local defense industry, as Korea aims to become the world's fourth-largest arms exporter by 2027.
For many Koreans, Africa may seem like a distant continent.
Justice Minister Han Dong-hoon warned, Wednesday, that Korea could disappear from the map unless the nation implements effective immigration policies, and called for parliamentary support for his ministry's push to launch a new government agency handling immigration affairs.
Korea Aerospace Industries (KAI) is seeking to boost partnerships with Egypt at the ongoing Egypt Defence Expo 2023 (EDEX) in Cairo, as the country's sole aircraft manufacturer expands its presence in the Middle East and North Africa.
North Korea is wrong to accuse the United States of having double standards when it comes to spy satellite launches, analysts said, Tuesday, as Pyongyang's action – a clear violation of international laws – contrasts with South Korea's adherence to established protocols in its satellite launch.
LIG Nex1, a Korean defense company, is participating in the Egypt Defence Expo 2023 (EDEX) in Cairo from Monday to Thursday (local time), showcasing various guided weapons.
President Yoon Suk Yeol carried out a major Cabinet reshuffle, Monday, replacing six ministers, including the finance and land ministers, ahead of general elections slated for April next year.
A space race is heating up between North and South Korea following Seoul's successful deployment of its first military reconnaissance satellite, Saturday, just over a week after Pyongyang's launch of its own satellite.
BUSAN — The foreign ministers of South Korea, Japan and China vowed, Sunday, to arrange a summit of their leaders at the earliest possible date after failing to reach an agreement on an exact timeline in their rare gathering.