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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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Defense

LIG Nex1 participates in drone roadshow in Saudi Arabia

An LIG Nex 1 official, right, speaks with an official from the drone team of Tuwaiq Academy, a Saudi Arabian educational institution, during the “Korea-Saudi Arabia Drone Roadshow” held in Riyadh, Saudi Arabia, from Monday to Wednesday (local time). Courtesy of LIG Nex 1By Lee Hyo-jin Local defense company LIG Nex1 participated in a three-day drone roadshow in Riyadh, the capital of Saudi Arabia, earlier this week, where it introduced its anti-drone systems and services currently utilized in various local state-run facilities and infrastructure.It took part in the “2023 Korea-Saudi Arabia Drone Roadshow” held at the Naif Arab National Guard Security Sciences University (NAUSS) from Monday to Wednesday (local time), according to the firm. NAUSS is an intergovernmental educational institution involving 20 Middle Eastern nations including United Arab Emirates (UAE), Jordan, Syria, Qatar and Yemen, specializing in security and crime issues.LIG Nex1's participation comes in the wake of a deal inked in May of this year with the Korea Airports Corporation to install

Aug 31, 2023By Lee Hyo-jin
LIG Nex1 participates in drone roadshow in Saudi Arabia
Defense

River-crossing drill

Military vehicles cross a makeshift floating bridge during a river-crossing drill involving the Korean Army's 2nd Engineering Brigade and 3rd Armored Brigade in Hwacheon, Gangwon Province, Thursday. Yonhap

Aug 31, 2023By Lee Hyo-jin
River-crossing drill
North Korea

Pyongyang's missile provocation challenges S. Korean military headquarters

A news report on a North Korean missile launch is aired on a TV screen at Seoul Station, Thursday. YonhapN. Korea conducts military drills aimed at 'occupying entire territory of the South'By Lee Hyo-jinNorth Korea fired two short-range ballistic missiles (SLBM) toward the East Sea on Wednesday night; hours after the U.S. dispatched strategic bombers to the Korean Peninsula for joint aerial drills with South Korea.Defense analysts viewed the North's late-night provocation, which came amid an annual South Korea-U.S. military exercise, as a warning to show that it is capable of launching an attack at any time, targeting the South's critical military facilities.The two SLBMs were fired between 11:40 p.m. and 11:55 p.m., Wednesday, from Sunan, a district of Pyongyang, according to South Korea's Joint Chiefs of Staff (JCS). Both missiles flew about 360 kilometers before falling into the waters off the east coast. “The time of the launch and flight distance of the missiles suggest that the North was sending a message that it can launch an attack any time on our critical military faci

Aug 31, 2023By Lee Hyo-jin
Pyongyang's missile provocation challenges S. Korean military headquarters
Foreign Affairs

South Korea seeks to stabilize relations with China, Russia

President Yoon Suk Yeol shakes hands with his Chinese counterpart Xi Jinping during their summit at a hotel in Bali, Indonesia, in this Nov. 15, 2022 photo. YonhapSeoul, Beijing, Tokyo in talks to hold trilateral summit within this year: foreign ministryBy Lee Hyo-jin South Korea seeks to stabilize diplomatic relations with China and Russia that have grown strained amid increasing geopolitical confrontations between Seoul, Washington, Tokyo on one side and Pyongyang, Beijing and Moscow on the other.Maintaining stable relations with China and Russia is becoming an important task for South Korea as Pyongyang gears up to reopen its borders after a years-long COVID-19 lockdown and normalize relations with its two key allies.Analysts viewed that China has been sending some positive signals in response to South Korea's move to improve bilateral relations, as it grows increasingly wary of the expansion of the U.S.-led order in Northeast Asia, as seen from the Seoul-Washington-Tokyo trilateral summit held at Camp David earlier this month.“It is too early to say that there will be rapid

Aug 30, 2023By Lee Hyo-jin
South Korea seeks to stabilize relations with China, Russia
Defense

S. Korea, US, Japan hold naval drills to counter N. Korean threats

South Korea, the United States and Japan hold a joint naval drill in international waters south of Jeju Island, Tuesday. Courtesy of South Korean NavyNK leader slams 'gang bosses' of trilateral partnershipBy Lee Hyo-jin South Korea, the United States and Japan held trilateral missile defense drills on Tuesday, in a show of force against growing North Korean military threats, including a recent rocket launch. The exercise, which took place in international waters south of Jeju Island, involved three Aegis destroyers: ROKS Yulgok Yi, USS Benfold and JS Haguro, according to the South Korean Navy.The Navy said the exercise was held in response to Pyongyang's growing missile and nuclear threats including the recent launch of a space vehicle, which “clearly violates U.N. Security Council resolutions that ban any launches by North Korea using ballistic technologies.”North Korea launched what it called a military spy satellite, the Malligyong-1, on Thursday ― a second attempt following the first failed launch in May ― which also ended in failure. The North is poised to make anoth

Aug 29, 2023By Lee Hyo-jin
S. Korea, US, Japan hold naval drills to counter N. Korean threats
Politics

Ideological dispute over historical figures engulfs Korean politics

A bust of independence fighter Hong Beom-do is seen outside the Ministry of National Defense's headquarters in Yongsan District, Seoul, Monday. YonhapGov't considers relocating bust of independence fighter from defense ministryBy Lee Hyo-jin Ideological conflicts surrounding historical figures are escalating among politicians, as the government seeks to relocate the bust of independence fighter Hong Beom-do, which currently stands near the defense ministry building.The Ministry of National Defense said Monday that it is considering relocating the bust citing Hong's past involvement with Soviet communist forces. The plan has triggered protests from opposition parties and an association representing independence fighters.The dispute is a recurring theme in Korean politics where conservatives and liberals tend to hold different views on Korea's history following its independence from Japanese colonial occupation from 1910 to 1945.“There have been recent indications about General Hong Beom-do's affiliation with the Communist Party and other activities related to it,” said def

Aug 28, 2023By Lee Hyo-jin
Ideological dispute over historical figures engulfs Korean politics
  • Gwangju's plan to honor communist composer stirs controversy
North Korea

Worsening food shortage forces Pyongyang to reopen borders

An Air Koryo commercial plane is seen through barbed wire as it taxies on the tarmac at Beijing Capital International Airport in Beijing, Aug. 22. AP-YonhapNorth Koreans abroad return home after over three yearsBy Lee Hyo-jin North Korea on Sunday approved the return of its citizens from abroad after over three years of stringent COVID-19 lockdowns, taking a big step toward aligning with global efforts to “live with the virus," according to analysts. Experts say that the Kim Jong-un regime's decision is likely driven by an exacerbating food crisis and economic difficulties, although the isolated nation still remains wary of a full-scale reopening of its borders.Pyongyang's state media, Korean Central News Agency (KCNA), reported Sunday that North Korean citizens who had been staying abroad were recently allowed to return home, marking the first approval of international passenger travel since the reclusive regime shut its borders in January 2020.“Concerning the easing of the worldwide spread of the infectious disease, the citizens of the Democratic People's Republic of Ko

Aug 27, 2023By Lee Hyo-jin
Worsening food shortage forces Pyongyang to reopen borders
Politics

Gov't plan to remove busts of pro-Soviet independence fighters causes stir

Busts of five Korean independence fighters are seen during an unveiling ceremony at the Korean Military Academy in Seoul in this 2018 file photo. Korea Times fileBy Lee Hyo-jin A plan by the Ministry of National Defense to remove the busts of Korean independence fighters from the military academy, citing their involvement with the Soviet Communist Party, is causing a stir in political circles.Local media outlets reported last week that the defense ministry is reviewing whether to remove the busts of five independence fighters currently standing in front of the main building of the Korean Military Academy in Seoul. The independence fighters represented are Hong Beom-do, Ji Cheong-cheon, Lee Beom-suk, Kim Jwa-jin and Lee Hoe-young. The ministry, which initially denied the reports, later confirmed that discussions are underway about relocating the monuments.“Considering the identity of the military academy, which is a place for nurturing officers to protect liberal democracy and South Korea against potential aggression from communist countries like North Korea, there have been con

Aug 27, 2023By Lee Hyo-jin
Gov't plan to remove busts of pro-Soviet independence fighters causes stir
North Korea

North Korean hackers targeted S. Korea-US military drills: police

gettyimagesbankBy Lee Hyo-jinNorth Korean hackers carried out cyberattacks throughout the last several months targeting combined military drills between South Korea and the United States, according to Gyeonggi Nambu Provincial Police Agency, Sunday.Despite the continued cyberattacks, the police confirmed that no military-related information was compromised.Through a months-long investigation, law enforcement authorities found that the hacking attempts were orchestrated by “Kimsuky,” a state-backed North Korean hacking group.Beginning April 2022, the North Korean hacking group sent malicious emails to employees of a domestic War Game operating company, who were dispatched to the South Korea-U.S. combined military exercise battle simulation center since February this year. In January, the hackers succeeded in installing a malicious code on one of the company's computers after hijacking the email account of a staff member. Since then, the hackers were able to spy on emails sent and received by the employees of the War Game operating company on a real-time basis and gained un

Aug 20, 2023By Lee Hyo-jin
North Korean hackers targeted S. Korea-US military drills: police
North Korea

Will North Korea agree to hold joint military drills with Russia?

North Korean leader Kim Jong Un, front right, talks with Russian Defense Minister Sergei Shoigu, left, during a military parade to mark the 70th anniversary of the armistice that halted fighting in the 1950-53 Korean War, on Kim Il-sung Square in Pyongyang, July 27, in this photo released by the Korean Central News Agency. AP-YonhapMoscow proposes Pyongyang to conduct joint military exercise: NISBy Lee Hyo-jin As Pyongyang moves to forge closer ties with Moscow, South Korea's spy agency suggested that Russia has proposed North Korea conduct joint military exercises. But analysts were divided on whether Pyongyang ― which has not held a combined military exercise with other nations since the end of the Cold War ― will accept the proposal. South Korea's National Intelligence Service (NIS) said, Thursday, that Moscow proposed Pyongyang conduct joint military drills and the related talks supposedly took place during Russian Defense Minister Sergei Shoigu's visit to Pyongyang last month when he met with North Korean leader Kim Jong-un.“Intelligence reports show that Russia recently p

Aug 18, 2023By Lee Hyo-jin
Will North Korea agree to hold joint military drills with Russia?
  • Latest NK missile sparks new debate over possible Russian role
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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.