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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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North Korea

ANALYSIS What North Korea's recent silence means for South Korea, US

A news program shows an image of North Korean leader Kim Jong-un, on a TV screen at Seoul Station in Seoul, April 11. AP-YonhapPyongyang expected to resume armed provocations targeting S. Korea-US joint drill set for May 25By Lee Hyo-jin North Korea seems to be caught in a dilemma on how to respond to a landmark nuclear deal between the United States and South Korea signed recently, which could be a reason why the reclusive regime has refrained from military provocations in the last few weeks, according to analysts.However, the experts viewed that the North is likely to break its silence and stage a major show of force later this month, targeting the largest-ever joint live-fire drills between Seoul and Washington slated for May 25 to June 15.In recent months, the Kim Jong-un regime has been ramping up the development of nuclear weapons and missiles, launching a barrage of missile tests including its first solid-fuel intercontinental ballistic missile (ICBM) on April 13. But the North has refrained from additional military provocations for over a month since then.It was widely antici

May 15, 2023By Lee Hyo-jin
[ANALYSIS] What North Korea's recent silence means for South Korea, US
Society

Teachers' Day

Teachers at Youngshin Elementary School in Daegu wash their students' feet during a Teachers' Day ceremony, Monday. Yonhap

May 15, 2023By Lee Hyo-jin
Teachers' Day
Society

Celebrating Coming-of-Age Day

Students wearing hanbok, the traditional Korean attire, participate in a Coming-of-Age Day ceremony held at Dongnae Hyanggyo, a Confucian school built during the 1392-1910 Joseon Dynasty, in Busan, Monday. Coming-of-Age Day falls on the third Monday of every May. Yonhap

May 15, 2023By Lee Hyo-jin
Celebrating Coming-of-Age Day
Politics

Ex-president visits Cheonggye Stream

Former President Lee Myung-bak crosses Cheonggye Stream in downtown Seoul, followed by his supporters and former aides, Monday. The restoration project of the stream in 2005 is considered one of Lee's major achievements during his time in office as Seoul mayor from 2002 to 2006. Joint Press Corps

May 15, 2023By Lee Hyo-jin
Ex-president visits Cheonggye Stream
Foreign Affairs

Seoul, Tokyo at odds over inspection of Fukushima nuclear power plant

An aerial view shows the Fukushima Daiichi Nuclear Power Plant in Okuma, Fukushima prefecture, Japan, in this photo taken by Kyodo News on March 17, 2022. Reuters-YonhapForeign ministries hold meeting to discuss details on experts' visitBy Lee Hyo-jin Korea and Japan are apparently at odds over the exact purpose and role of a Korean inspection team, which is set to be dispatched to the tsunami-stricken nuclear power plant in Fukushima later this month.Seoul is seeking an on-site inspection to evaluate the safety of Japan's planned release of radioactive water into the Pacific Ocean, while Tokyo seems to perceive the visit more as an opportunity to brief its neighbor country before beginning the discharge process as early as this summer.Under an agreement reached during a summit between President Yoon Suk Yeol and Japanese Prime Minister Fumio Kishida on May 7, a group of local experts will travel to the Fukushima Daiichi Nuclear Power Plant on May 23 and stay for a couple days, or possibly a longer period.“The purpose of the inspection is to conduct an overall safety review of

May 12, 2023By Lee Hyo-jin
Seoul, Tokyo at odds over inspection of Fukushima nuclear power plant
  • Korea, Japan agree on Seoul team's four-day visit to assess nuclear water release plan
  • Rival parties bicker over Seoul's plan to send team to assess Fukushima water release plan
  • Korea to test radiation in ships' ballast water from 6 Japanese prefectures
Defense

A glimpse inside a Korean fighter jet manufacturing plant

A prototype of the KF-21 fighter jet prepares for a test flight at the headquarters of Korea Aerospace Industries (KAI) in Sacheon, South Gyeongsang Province, Tuesday. Joint Press CorpsKorea on track to supply initial batch of FA-50s to Poland in JulyBy Lee Hyo-jin SACHEON, South Gyeongsang Province ― On the afternoon of May 9, more than a dozen engineers were busily working on the assembly lines at a manufacturing plant of the Korea Aerospace Industries (KAI).Based in Sacheon, South Gyeongsang Province, around 430 kilometers away from Seoul, KAI is the country's sole aircraft maker. The fixed-wing aircraft production facility, measuring 21,600 square meters in area, is where KAI's fighter jets are manufactured.“This facility has been in operation for the last 30 years. As you can see, there are no pillars in this building, which shows our philosophy that we will produce planes of any size,” said Lee Sang-hui, head of KAI's Aircraft Production Department, as he showed reporters around the facility.During a media tour organized by the Defense Acquisition Program Administra

May 12, 2023By Lee Hyo-jin
A glimpse inside a Korean fighter jet manufacturing plant
Foreign Affairs

Skepticism grows over Korea's inspection of Fukushima wastewater

Protesters wearing masks of President Yoon Suk Yeol and Japanese Prime Minister Fumio Kishida participate in a rally against the Japanese government's decision to release treated radioactive water from Fukushima nuclear power plant, in front of the Japanese Embassy in Seoul, May 6. AP-YonhapInspection feared to be misused to justify Japan's wastewater release plan By Lee Hyo-jin Doubts are rising over the effectiveness of a team of Korean experts heading to Japan to inspect treated radioactive wastewater set to be discharged from a tsunami-hit nuclear power plant, as the level of access the group will be granted remains unclear.There are even concerns that the Korean team could be used by Japan to justify the release of the treated wastewater.During a summit between President Yoon Suk Yeol and Japanese Prime Minister Fumio Kishida, Sunday, Japan agreed to allow the visit by a team of Korean experts to inspect the safety of the treated radioactive water from the Fukushima Daiichi nuclear plant ahead of the planned discharge into the Pacific Ocean.The group of local experts will be dis

May 10, 2023By Lee Hyo-jin
Skepticism grows over Korea's inspection of Fukushima wastewater
  • Korea, Japan to hold working-level meeting on Seoul's Fukushima inspection
  • Top-notch experts to inspect Japan's crippled Fukushima power plant: govt
Society

EXCLUSIVE Police officer indicted 3 years after accidental shooting of ex-USFK sergeant

Arnold Samberg, 66, a retired U.S. Air Force tech sergeant, sobs during an interview with The Korea Times in Pyeongtaek, Gyeonggi Province, March 3, recalling the day he was shot by a stray bullet fired by a Korean police officer who was attempting to shoot an aggressive dog. Korea Times photo by Choi Won-sukBy Lee Hyo-jin A local police officer who accidentally shot a retired U.S. Air Force tech sergeant in the jaw three years ago while trying to subdue a dog, was indicted earlier this week, according to the prosecutors' office.The victim, Arnold Samberg, 66, welcomed the indictment in the investigation that was launched in 2020. Samberg is a retired United States Forces Korea (USFK) soldier who lives in Pyeongtaek, Gyeonggi Province.An official at the Pyeongtaek branch of the Suwon District Prosecutors' Office told The Korea Times, Tuesday, that prosecutors indicted the police officer on charges of professional negligence resulting in injuries. If convicted, the officer could face up to five years in prison or up to a 20 million won ($15,000) fine.“At this point, I just feel

May 10, 2023By Lee Hyo-jin
[EXCLUSIVE] Police officer indicted 3 years after accidental shooting of ex-USFK sergeant
Foreign Affairs

1st YEAR in OFFICE Yoon overtly aligns with US to counter NK threats

President Yoon Suk Yeol poses with U.S. President Joe Biden on the North Portico of the White House in Washington, D.C., ahead of a state dinner, April 26. AP-YonhapGov't tasked with breaking ice with ChinaBy Lee Hyo-jin Prosecutor-turned-president Yoon Suk Yeol, who had no foreign policy experience until his inauguration in May 2022, went through a tough first year as South Korea faced mounting challenges on the global stage.The Yoon administration was tasked with dealing with heightening nuclear tensions with North Korea, intensifying power struggles between the United States and China, as well as geopolitical consequences stemming from Russia's invasion of Ukraine.In particular, the increasingly confrontational U.S.-China relationship has forced South Korea to walk a tightrope between Beijing, its largest trade partner, and Washington, a long-standing ally since the 1950-53 Korean War.Unlike his predecessor Moon Jae-in, who pursued strategic ambiguity between the two nations, Yoon quickly chose a clear path: pivoting away from Beijing and tilting toward Washington.Such an approach

May 9, 2023By Lee Hyo-jin
[1st YEAR in OFFICE] Yoon overtly aligns with US to counter NK threats
  • 1st YEAR in OFFICE Much-troubled, gaffe-laden start to Yongsan era
  • 1st YEAR in OFFICE Yoon spends 1st year struggling to divide world into friends or foes
Foreign Affairs

Korean traditional cuisine, liquor served at dinner for Kishida

President Yoon Suk Yeol and first lady Kim Keon Hee, on the left side, treat visiting Japanese Prime Minister Fumio Kishida and his wife Yuko Kishida to a Korean dinner at the presidential residence in Yongsan District, Seoul, Sunday. Courtesy of presidential office By Lee Hyo-jinFollowing their summit, Sunday, President Yoon Suk Yeol and Japanese Prime Minister Fumio Kishida bonded over traditional Korean cuisine paired with rice wine during dinner at the presidential residence.According to the presidential office, Yoon and his wife Kim Keon Hee spent the evening with the prime minister and his wife Yuko Kishida at the presidential residence in Hannam-dong, Yongsan District, during which the Japanese first couple was treated to traditional Korean food.The dinner began at around 7:30 p.m., followed by some cultural events.A total of eight Korean delicacies, along with side dishes such as kimchi and seasoned vegetables, were served.Among the main dishes were “gujeolp

May 7, 2023By Lee Hyo-jin
Korean traditional cuisine, liquor served at dinner for Kishida
  • Yoon and Kishida seek to transcend historical issues to normalize ties
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