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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.

Expert stresses effectiveness in combating money laundering

Kevin Stephenson, inaugural director of the Financial Action Task Force’s Training andResearch Institute, speaks during a press conference at the Press Center in central Seoul, Monday./ Courtesy of Financial Services CommissionBy Nam Hyun-wooThe paradigm of combating money laundering is changing from technical compliance to effectiveness in the wake of North Korea’s fifth nuclear test, says Kevin Stephenson, inaugural director of the Financial Action Task Force’s (FATF) Training and Research Institute (TREIN).The 54-year-old American, a former executive secretary of Egmont Group, has been tapped as the inaugural head of the anti-money-laundering institute which opened in Busan on Tuesday.FATF is a Paris-headquartered international organization mandated to combat money laundering and financing of terrorism. Currently, it is headed by Juan Manuel Vega-Serrano from Spain who succeeded former Financial Services Commission (FSC) Chairman Shin Je-yoon.During his term, Shin proposed the idea of establishing a research and training institution and the Korean gover

Sep 22, 2016
Expert stresses effectiveness in combating money laundering

NGO seeks global support for unification

Seo In-teck, co-chairman of Action for Korea United (AKU), speaks at the United Nations GeneralAssembly hall on Aug. 16. / Courtesy of AKUBy Kim Hyo-jinWhile the world is moving to slap the toughest-ever sanctions on North Korea following its latest nuclear test, a South Korean NGO is calling for unification of the two Koreas louder than ever. Seo In-teck, co-chair of Action for Korea United (AKU), launched a global campaign for reunification of the two Koreas and introduced it during an International Young Leaders Assembly (IYLA) held at the United Nations Aug. 16. Seo, who participated as a South Korean representative at the summit, said AKU will create a cultural platform that seeks support from global citizens for reunification of the Korean Peninsula.As part of such efforts, AKU plans to publish a song in collaboration with world-famous music producers Jimmy Jam and Terry Lewis by next year, he said.Jam and Lewis, who made a joint speech later that day, vowed to make a song that has an “impact beyond the charts,” exemplifying Michael Jackson’s “We are the

Sep 21, 2016
NGO seeks global support for unification

Enescu competition winner

Korean violinist Kim Gye-hee is applauded by jury members after winning the final of the George Enescu International Competition violin section at the Romanian Athenaeum concert hall in Bucharest, Romania, Monday. / EPA-Yonhap

Sep 20, 2016

Korean-Japanese Ahn to perform pansori

Ahn Sung-minBy Kwon Mee-yooAhn Sung-min, a third-generation Korean-Japanese pansori performer, will sing the full-length "Sugung-ga" at the Korea Cultural House in southern Seoul, Wednesday.Ahn, 50, has been learning pansori, a traditional Korean narrative musical genre, for 18 years, splitting her time between Korea and Japan and becoming the first Korean-Japanese to master the Intangible Cultural Property No. 5 pansori earlier this year.Full-length pansori performances take hours and it is more common these days to perform only highlights instead of the full version. Only those very skilled and masterful can perform full-feature pansori and this is Ahn's first time doing it. "Sugung-ga" is one of the five surviving pansori plays, revolving around the tale of a cunning rabbit's visit to the Dragon King of the Sea."I was overwhelmed by the sound of pansori at first, but as I learned the craft, I became fascinated by the life story embodied in the lyrics," Ahn said.Though she holds Korean citizenship, Ahn did not speak Korean at all until she entered university. She entered a club of

Sep 20, 2016
Korean-Japanese Ahn to perform pansori

VANK founder promotes hidden heroes

VANK founder Park Gi-taeBy Kim Tae-gyuVoluntary Agency Network of Korea (VANK) founder Park Gi-tae will embark on a campaign of letting youngsters learn about those who fought for the independence of the country from the Japanese colonial rule (1910-1945).VANK is a non-governmental organization dedicated to promoting a positive image of Korea. With about 130,000 members, it carries out various projects such as asking overseas Internet sites to correct false data about the nation.“We know that many of our ancestors shed their blood to attain independence but few know exactly who they were. Accordingly, we will start a promotional campaign to highlight them,” Park said. “Specifically, we will make a 10-minute video clip each month on independence activists and share them with everybody. It will be provided in Korean and there will also be a version with English subtitles available on YouTube.”The first video footage this week will be about Jeon Myeong-un and Jang In-hwan, who shot and killed American diplomat Durham Stevens in the United States in 1908.Empl

Sep 19, 2016
VANK founder promotes hidden heroes

Kwangdong wins design award for nutritious tonic product

Kwangdong Pharmaceutical’s nutritious tonic product Kyungokgo / Courtesy of Kwangdong PharmaceuticalBy Chung Hyun-chaeKwangdong Pharmaceutical received an award at a domestic design competition, K-Design Award 2016, for the packaging of its nutritious tonic product. The product is Kyungokgo which won the Gold Winner prize in the communication category of the award. It is an over-the-counter drug that helps users fight fatigue and weariness. Its ingredients include ginseng, honey, crudus and hoelen.“I believe that changing its packaging to a type of pouch has contributed to improving the product’s brand image,” said Lee Sang-min, creative director of the design center. In the past, Kyungokgo was packaged in a jar requiring spoons to consume, which was inconvenient for consumers. It debuted in 1963 when Kwangdong was founded.“We also used a traditional Korean font to help improve the image of the drug and its credibility,” Lee said. The color of the packaging was changed to black and gold, which gives a feeling of exclusivity, he added. &ld

Sep 19, 2016
Kwangdong wins design award for nutritious tonic product

Ahn to lead automobile program

A football star-turned-TV personality, Ahn Jeong-hwan, talks during the press conference for “Top Gear Korea: Season 7” at CGV in Yeouido, Seoul, last friday. / Courtesy of CJ E&MBy Kim Jae-heun Former national football player Ahn Jeong-hwan has a new career as a TV personality. He is everywhere on TV from a cooking-variety program to a parenting reality series. Recently he was invited to take over the new emcee role in season 7 of “Top Gear Korea,” the Korean adaptation of BBC’s popular Top Gear show.Although, the football star has no experience directly related to the automobile industry, the main producer chose Ahn for the role with the hope that the former athlete would appeal to the hearts and minds of car lovers as well as general viewers.  “What is special in the new season is that we added one more host to make it four in total,” said producer Choi Young-rak during the press conference at the CGV movie theater in Yeouido, Seoul, last Friday. “Our expectations are that our new MC will add some entertaining elem

Sep 13, 2016
Ahn to lead automobile program

Former HUFS president named professor emeritus

Park ChulBy Choi Ha-youngPark Chul, former president of Hankuk University of Foreign Studies (HUFS) and a renowned expert on Spanish writer Miguel de Cervantes, became an honorary professor of the university’s department of Spanish, Sept. 1, according to the school, Tuesday. Park served as president of the university from 2006 to 2014, and concentrated his studies on “Don Quixote,” Cervantes major work, while visiting Spain afterward. After his retirement as a professor last month, he has been focusing on research as an honorary professor rather than lectures, said Moon Nam-kwon, the dean of the department.“Park is an expert who has achieved a lot in his research on the work of Cervantes, as one of two life members of the Real Academia Espanola in Asia,” Moon told The Korea Times. Park, current chairman of the directors for the Korea Center for Cervantes Studies, completed translating all of Cervantes publications into Korean in 2014. “With my colleagues at the center, I will continuously study and popularize Cervantes’ work by giving lecture

Sep 13, 2016
Former HUFS president named professor emeritus

CJ Cheiljedang CEO promoted to vice chairman

CJ Cheiljedang Vice Chairman Kim Chul-haBy Lee Hyo-sikThe head of CJ Cheiljedang has been promoted to vice chairman for his role in spearheading Korea’s largest food company during the absence of Chairman Lee Jay-hyun over the past few years.In the latest personnel reshuffle, CJ Cheiljedang CEO Kim Chul-ha, who has been serving as a member of the group’s four-member emergency management committee, became vice chairman, CJ said Monday.Kim, who earned a bachelor’s degree in microbiology from Seoul National University, joined CJ Cheiljedang in 2007 as the head of the firm’s bio research institute. Until May 2011 when Kim took the company’s top office, he had led its research and development activities, building the foundations for a range of innovative bio products.The CEO has been restructuring Cheiljedang’s product portfolio, sorting out conventional, unprofitable items to focus more on introducing new ones to cater to rapidly changing consumer tastes.In 2015, the company earned 8.15 trillion won in sales, up 41 percent from 5.78 trillion won in 201

Sep 12, 2016
CJ Cheiljedang CEO promoted to vice chairman

Singaporean speaks of charms of riding

The team from BMW Motorrad Singapore takes a group photograph at the port city of Busan, Aug. 31, before embarking on a motorcycling trip. /  Courtesy of Korea Tourism OrganizationAnthony ChawBy Kim Bo-eun “Riding in Singapore, one mostly sees cityscapes,” said Anthony Chaw, 44, a Singaporian bike rider and manager of BMW Motorrad’s Singapore office. Motorrad is the German carmaker’s motorcycle manufacturing unit. “I liked Korea’s smaller roads along the countryside with less traffic, especially winding roads ― riding trips here offer an experience I wouldn’t be able to enjoy in Singapore,” he said in an interview in Seoul, Wednesday.Chaw came here on Aug. 31 with 18 of his clients and fellow riders for a biking tour arranged by the Korea Tourism Organization.In Singapore, Chaw often goes riding with his clients, and they cross the border into Malaysia and southern Thailand for longer roads and better scenery.“But I felt it was time for my clients to grow; to take on a greater adventure ― and Korea was our first des

Sep 9, 2016
Singaporean speaks of charms of riding
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