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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.

Woo named new president of EBS

Woo Jong-bumBy Kwon Ji-younWoo Jong-bum, former CEO and president of Jeju MBC, has been appointed CEO and president of the Korea Educational Broadcasting System (EBS), the Korea Communications Commission (KCC) said Friday.The KCC said 12 candidates answered its open call for applicants, and four were interviewed on Nov. 25. The final decision was made at a KCC general meeting, Friday.Woo was conferred his certificate of appointment Monday, and his three-year term will end on Nov. 29, 2018.Woo studied education at Yonsei University, and has served as head of MBC’s radio network, director of Daejeon’s Traffic Broadcasting Network and is currently a standing auditor for 88 Country Club, a golf club owned and operated by the Ministry of Patriots and Veterans Affairs.

Nov 30, 2015
Woo named new president of EBS

Kodeco founder passes away at 96

Choi Gye-wolBy Yoon Ja-young Kodeco Group Chairman Choi Gye-wol, who set up Korea’s first overseas investment company in Indonesia, passed away on Nov. 27. He was 96.Born in Changwon, South Gyeongsang Province, in 1919, Choi moved to Japan with his family when he was six years old. He graduated from Waseda University, majoring in law.After gaining trading experience with Japanese companies, he founded Korea Development Company (Kodeco) in Indonesia in 1963, which focused on developing timber in Kalimantan. Borrowing $4.5 million from the Korean government, Kodeco became the country’s first overseas investment company.The successful development of the virgin forest on Indonesia’s Borneo enabled Choi to advance into the energy business, developing an oil field in Madura, Java, that produced liquefied natural gas (LNG) in 1994.In 1995, he was awarded by the Indonesian government for his contributions to the country’s economic development.He expanded his business into diverse sectors, including rubber, cement and thermal power generation. However, his activit

Nov 30, 2015By Yoon Ja-young
Kodeco founder passes away at 96

LG Uplus calls SK Telecom's takeover of broadcaster 'illegal'

LG Uplus Corp., South Korea's smallest mobile carrier, said Monday that the latest takeover of a local broadcaster by its bigger rival SK Telecom Co. is "illegal," claiming that the move will distort the market order.Earlier this month, top mobile carrier SK Telecom struck a deal to buy CJ Hellovision, the country's biggest operator of cable channels and Internet TV content in a bid to tap into the media platform business."(SK Telecom's) move to monopolize the broadcasting and telecom industry through an illegitimate merger and acquisition must not be tolerated," LG Uplus said in an official statement.Citing a local law firm, LG Uplus also said the merger violates South Korea's fair trade rules that regulate mergers with top industry players."It is the norm that competition among numerous players is more beneficial to consumers than merger deals among conglomerates," LG Uplus added, "The deal will distort the market order."Under the deal, SK Telecom will purchase a 30-percent stake in CJ Hellovision from parent firm CJ O Shopping. SK Telecom also has the option to buy an additional 2

Nov 30, 2015

Activist encourages IT firms to cut emissions

Gary Cook, a Greenpeace International activistBy Kim Se-jeong Energy companies have been the target globally of campaigns to reduce greenhouse gas emissions.Gary Cook, a Greenpeace International activist, 47, has a different target: IT companies.In the United States and Europe, Cook has been pushing IT companies like Facebook, Apple and Google to use renewable energy for their data centers.After five years of successful campaigns, he is moving his target to IT companies in Asia.He was in Korea in June for the campaign. He returned home with a commitment from Naver, Korea’s most-visited web portal, to use renewable energy for its data center in Chuncheon, Gangwon Province. Naver became Asia’s first IT company to make such a commitment.This week, he was back in Korea to launch the second phase of the campaign. He made a policy proposal to the Korean government, asking it to give IT companies more room to play when it comes to supplying power for the data centers.In the U.S., Facebook made the commitment in 2011 and pushed the government of North Carolina to change the

Nov 27, 2015By Kim Se-jeong
Activist encourages IT firms to cut emissions

Arrow instead of sword

A statue of the revered Admiral Yi Sun-sin (1545-1598) is unveiled at the Naval Academy in Changwon, South Gyeongsang Province, Friday, the country’s first that shows him with an arrow and a bow instead of a sword./ Yonhap

Nov 27, 2015

Culture Day

Culture, Sports and Tourism Minister Kim Jong-deok, left, joins Hongik University President Kim Young-hwan after signing a memorandum of understanding at the National Theater Company of Korea in Seoul, Thursday. They agreed to work together on exhibitions and performances that encourage participation from local residents in line with the ministry’s “Culture Day” project. / Yonhap

Nov 26, 2015

Singapore's respects to Kim

Former Singapore Prime Minister Goh Chok Tong expresses his condolences on behalf of the Singaporean government in a guestbook for the death of former South Korean President Kim Young-sam at the Korean Embassy in Singapore, Thursday. He paid silent tribute and offered flowers to Kim at a memorial altar set up at the embassy. Goh, currently emeritus senior minister,served as prime minister during Kim’s presidential term from 1993 to 1998./ Courtesy of the South Korean Embassy to Singapore

Nov 26, 2015

KAIST professor to lecture at renowned tech forums

Lee Keon-jaeBy Lee Min-hyungLee Keon-jae, a professor at the Korea Advanced Institute of Science and Technology (KAIST), is going to America to speak at two internationally renowned forums, in recognition for his developing flexible NAND flash memory chips.Lee, 40, will visit the United States next month to attend the International Electron Devices Meeting (IEDM) in December to explain his technique for producing flexible NAND chips. He is also invited to the International Solid-State Circuits Conference (ISSCC) scheduled to take place in February next year. The two forums are the world’s most pre-eminent seminars on electronic devices and semiconductor technology, KAIST said Thursday. It is rare for a Korean professor to be invited to lecture there.The professor studied materials science and engineering at Yonsei University before obtaining a doctorate in materials engineering at the University of Illinois at Urbana-Champaign in 2006. He has served as a professor at KAIST’s Department of Electrical Engineering since 2009.Recently he has focused on developing technologies

Nov 26, 2015
KAIST professor to lecture at renowned tech forums

Female F-16 pilot dreams big

Air Force First Lt. Jin Seo-young  / Courtesy of Air ForceBy Kang Seung-woo Air Force First Lt. Jin Seo-young of the 20th Fighter Wing is the nation’s 19th female F-16 fighter pilot.What makes the 25-year-old Jin special is that her mother and sister, who are retired soldiers, inspired her to become a pilot.Her mother, Park Kyung-ja, is a retired Army staff sergeant who worked at the 2nd Operations Command in Daegu until 1984, and her sister, Jin Yoo-young, is a retired Army captain.“I appreciate all the attention I’m getting because I come from a military family, but I have set my sights on fulfilling my duties as a fighter pilot regardless of that,” said Jin, who is now undergoing combat readiness training.“I am working hard to be the best F-16 pilot I can be.”Jin said her decision to join the military was influenced by her mother’s career.“When I was young, my mother often told me about the military and it led me to long to become a soldier,” she said.“Although there are differences from what I imagined, I have

Nov 25, 2015By Kang Seung-woo
Female F-16 pilot dreams big

Gov't to streamline public sector to improve efficiency, competitiveness

South Korea will aggressively streamline the public sector to improve efficiency and build up competitiveness, the country's top economic czar said Wednesday.In a meeting with the heads of the country's state-owned enterprises (SOEs) and public agencies, Finance Minister Choi Kyung-hwan said the central government plans to scrutinize the energy, environment and education sectors starting next month.He said screening and evaluating how public organizations operate in these three sectors will allow policymakers to reduce redundancy and permit SOEs and agencies to concentrate on core areas that can enhance efficiency.The official, who doubles as deputy prime minister in charge of economic affairs, added that policymakers will also check if operations carried out by public corporations and agencies overlap those of the private sector."In the case of overlap, measures will be taken to resolve such problems," Choi said.The minister then said under the incumbent administration, debt held by public sector corporations has been slashed by some 500 billion won ($437.1 million), while tackling

Nov 25, 2015
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