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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

Korean national executed in China for drug trafficking

The Chinese national flag is seen in Beijing in this April 2020 file photo. Reuters-YonhapBy Lee Hyo-jin China executed a Korean man who had been convicted of drug trafficking, Friday, marking the first execution of a Korean national in nine years, according to Seoul's Ministry of Foreign Affairs. “We have been informed that a Korean national, who was sentenced to death on charges of drug trading, was executed today,” a senior foreign ministry official told reporters, without disclosing the man's identity. The execution was carried out by Guangzhou Intermediate People's Court of Guangdong province, the second-lowest local people's court in China.The sentence was enforced despite the Korean government's repeated requests through various channels to reconsider or postpone the execution, the official added, expressing regret on humanitarian grounds.The man was arrested by the Chinese authorities in 2014 for possessing five kilograms of methamphetamine with the intent to distribute. He was sentenced to death by a local court in 2019 and an appeals court upheld the verdict in

Aug 4, 2023By Lee Hyo-jin
Korean national executed in China for drug trafficking
Foreign Affairs

Foreign embassies on alert over health, safety concerns at Jamboree

A participant is carried on a stretcher at a medical center of the 25th World Scout Jamboree, which is taking place in Saemangeum, in North Jeolla Province, Friday. Reuters-Yonhap At least 600 young Scouts suffered heat exhaustion By Lee Hyo-jin and Kwon Mee-yooForeign embassies in Korea are on high alert as tens of thousands of young participants at the World Scout Jamboree ― taking place on the reclaimed land of Saemangeum, North Jeolla Province ― are grappling with an unrelenting heat wave and poor facility management.Since the first official day of the global scout gathering on Tuesday, over 600 participants have suffered heat-related diseases such as headaches, dizziness and exhaustion as of Thursday, according to the Jamboree organizers. A total of 39,304 young Scouts from 155 countries are taking part in the 12-day event, significantly lower than the more than 43,000 originally expected. “Things are still in limbo. We want to see the medical facilities and fo

Aug 4, 2023By Lee Hyo-jin
Foreign embassies on alert over health, safety concerns at Jamboree
  • PHOTOS Growing safety concerns at Jamboree
  • British Scouts to pull out of Saemangeum Jamboree campsite amid heat wave
  • US Scouts to pull out of heatwave-hit jamboree in South Korea
  • World Scout Jamboree continues despite US, UK withdrawals amid heat wave
Foreign Affairs

Park Jin likely to retain FM post amid Cabinet reshuffle

Foreign Minister Park Jin speaks during a briefing at the foreign ministry building in Seoul, March 6. Korea Times photo by Seo Jae-hunBy Lee Hyo-jin The future of Foreign Minister Park Jin ― whether he would retain his ministerial position or return to the National Assembly ― is drawing keen attention in diplomatic circles here as President Yoon Suk Yeol mulls another Cabinet reshuffle. However, Park is unlikely to be replaced in the near future due to tough competition in the ruling People Power Party's (PPP) candidacy nomination and President Yoon Suk Yeol's approval of the top diplomat's performance in office, according to political sources, Thursday. Yoon, who went on a weeklong summer vacation from Wednesday, is expected to replace some of his ministers after he returns so as to tighten his grip on state affairs.While details of the Cabinet lineup change remain unknown, some speculate that the foreign minister, who is a four-term PPP lawmaker might be on the list, especially after Yoon recently replaced the unification minister in an apparent signal to refresh his foreign polic

Aug 3, 2023By Lee Hyo-jin
Park Jin likely to retain FM post amid Cabinet reshuffle
Foreign Affairs

Polish president to arrive in Seoul Aug. 9

President Yoon Suk Yeol and Polish President Andrzej Duda shake hands after their summit at the Presidential Palace in Warsaw, July 13 (local time). Korea Times photo by Seo Jae-hoonBy Lee Hyo-jin Polish President Andrzej Duda is set to arrive in Korea on Aug. 9 for a four-day visit to attend the World Scout Jamboree currently taking place in the nation, according to diplomatic sources, Wednesday.The Polish president's trip to Korea, which is the first of its kind in five years, is being closely watched by local defense companies as the European country has emerged as a major buyer of Korean weapons systems.A source familiar with the matter told The Korea Times that Duda will arrive in Seoul on Aug. 9 and travel to the southeastern port city of Busan the next day. From Aug. 11 to 12, the Polish president will visit the southwestern city of Gwangju and Saemangeum in Buan, North Jeolla Province, to attend the 25th World Scout Jamboree. The major event gathering over 43,000 Scouts from around the world kicked off on Tuesday and will run through Aug. 12.Duda's attendance at the Jamboree

Aug 2, 2023By Lee Hyo-jin
Polish president to arrive in Seoul Aug. 9
Foreign Affairs

S. Korea, Japan expected to boost security ties in trilateral summit with US

President Yoon Suk Yeol poses with U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida, center, ahead of a trilateral meeting on the sidelines of the G7 summit in Hiroshima, Japan, May 21. AP-YonhapBy Lee Hyo-jin An upcoming three-way summit between the leaders of South Korea, the United States and Japan will provide much-needed momentum for the two Asian nations to boost security cooperation, analysts said Wednesday, as Washington pushes to cement trilateral cooperation to tackle common challenges the three countries face.U.S President Joe Biden invited President Yoon Suk Yeol and Japanese Prime Minster Fumio Kishida for a three-way meeting at Camp David in Maryland on Aug. 18, which would be the first standalone trilateral summit. The three leaders have held joint meetings on the sidelines of multilateral gatherings until now, but have never held a formal trilateral summit. The three leaders are expected to announce a joint statement highlighting strengthened trilateral cooperation against North Korea's aggression and closer economic ties. While negotiations are unde

Aug 2, 2023By Lee Hyo-jin
S. Korea, Japan expected to boost security ties in trilateral summit with US
Foreign Affairs

Korea still fails to follow int'l child abduction pact despite diplomatic engagements: US report

John Sichi, a U.S. citizen whose Korean spouse ran off with their child, stages a treadmill protest in front of Dongdaemun Design Plaza in Seoul, November 30, 2022. Korea Times photo by Shim Hyun-chulReport details high-level meetings between Seoul, Washington on international child abduction cases that remain unresolvedBy Lee Hyo-jinKorea remains non-compliant with international parental child abduction conventions regarding cases involving U.S. children, despite diplomatic engagements between Seoul and Washington, according to a U.S. State Department report published, Monday (local time).The report, titled “Action Report on International Child Abduction,” detailed specific actions taken by the State Department in response to countries that have been showing a pattern of non-compliance with the 1980 Hague Convention on the Civil Aspects of International Child Abduction. Other than Korea, the non-compliant nations listed in the report were Argentina, Belize, Brazil, Bulgaria, Ecuador, Egypt, Honduras, India, Jordan, Peru, Romania, Russia and the United Arab Emirates.Inter

Aug 1, 2023By Lee Hyo-jin
Korea still fails to follow int'l child abduction pact despite diplomatic engagements: US report
Defense

Korean military struggles to recruit cadets

Cadets of the Reserve Officer Training Corps (ROTC) throw their hats in the air during a commencement and commissioning ceremony at the Army Cadet Military School in Goesan, North Chungcheong Province, Feb. 28. NewsisNumber of ROTC applicants plunges to record low By Lee Hyo-jin The ROK military is facing a severe shortage in the Reserve Officers' Training Corps (ROTC) applicants as young people increasingly shun the junior officer position apparently because of pay rates and the long service periods.According to the Army, the Korean Military Academy will announce an additional recruitment notice for ROTC candidates in August. The decision comes as the application rate for the ROTC program hit a record low this year, with the number of applicants falling short of the number of available spots. It is the first time the Army will seek additional recruitment processes for cadets since the ROTC system was introduced here in 1961. ROTC is a college-based officer commissioning program, under which cadets undergo physical and military education for four semesters and then serve for 24 to 36

Jul 31, 2023By Lee Hyo-jin
Korean military struggles to recruit cadets
Defense

Seoul speeds up deployment of anti-drone measures against N. Korea's evolving threats

This photo, released by Pyongyang's state-run Korean Central News Agency, shows an unmanned surveillance drone during a military exhibition to mark the 70th anniversary of the armistice that halted fighting in the 1950-53 Korean War, which is celebrated as Victory Day in the North. YonhapExperts doubt capability of North Korea's newly developed dronesBy Lee Hyo-jin South Korea is seeking to speed up the deployment of anti-drone killers after North Korea unveiled new surveillance and attack drones that appeared to be almost identical to the U.S. Global Hawk and Reaper unmanned aerial vehicles (UAVs).Defense analysts agreed on the need for the South Korean military to improve its counter-drone system against North Korea's evolving military threats, but viewed that the capabilities of Pyongyang's drones showcased during its latest military parade are exaggerated and do not pose immediate threats to the South.South Korea's Defense Acquisition Program Administration (DAPA) is expected to hold a briefing session with local defense companies about its portable drone jammer project at the Go

Jul 30, 2023By Lee Hyo-jin
Seoul speeds up deployment of anti-drone measures against N. Korea's evolving threats
Defense

Yoon lauds sacrifice of UN veterans of Korean War

President Yoon Suk Yeol applauds veterans who fought in the 1950-53 Korean War during a ceremony to commemorate the 70th anniversary of the armistice held at the Busan Cinema Center in Busan, Thursday. During the opening ceremony, Yoon greeted 62 U.N. veterans who fought for South Korea. Korea Times photo by Seo Jae-hunS. Korea commemorates 70th anniversary of armistice agreementBy Lee Hyo-jin President Yoon Suk Yeol, Thursday, expressed gratitude to veterans and allied nations for their sacrifice and dedication to defend South Korea from communist forces during the 1950-53 Korean War.“South Korea today stands on the shoulders of United Nations (U.N.) forces' sacrifices and dedication, on their blood-stained uniforms. The country was able to safeguard its freedom from the forces of communist totalitarianism through their sacrifices and dedication,” he said in a speech during a ceremony commemorating the 70th anniversary of the Korean Armistice Agreement. Signed on July 27, 1953, the armistice or ceasefire agreement halted fighting in the Korean War, which started with an

Jul 27, 2023By Lee Hyo-jin
Yoon lauds sacrifice of UN veterans of Korean War
  • Yoon, delegates from 22 countries pay tribute at UN cemetery
Defense

Veterans ministry highlights collective efforts for global peace with 22 countries

Patriots and Veterans Affairs Minister Park Min-shik, right of center in the rear, and government representatives of the 22 countries that helped South Korea in the 1950-53 Korean War, observe a moment of silence before the Ministerial Summit on Veterans Affairs at a hotel in Busan, Tuesday. YonhapMajor ceremony marking 70th anniversary of armistice set for todayBy Lee Hyo-jinMinister of Patriots and Veterans Affairs Park Min-shik proposed a joint declaration, Wednesday, with 22 countries that helped South Korea in the 1950-53 Korean War, pledging collective efforts toward maintaining global peace and values of freedom. “Through the joint declaration, we hope to share the value of prosperity and freedom achieved through 70 years of solidarity with our ally nations, and I hope this will serve as a new starting point of an alliance for the 70 years to come,” Park said. Park's proposal was made during the Ministerial Summit on Veterans Affairs with the 22 countries in commemoration of the 70th anniversary of the signing of the Korean Armistice Agreement that halted the inter

Jul 26, 2023By Lee Hyo-jin
Veterans ministry highlights collective efforts for global peace with 22 countries
  • Remains of 7 S. Korean troops killed during Korean War handed over to Seoul
  • Rare archival footage sheds light on post-war reconstruction efforts in Korea
  • Remains of 7 South Korean troops killed during Korean War return home
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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.