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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.

Yoon meets with Korean business executives in India

President Yoon Suk Yeol speaks during a meeting with overseas Koreans residing in India at a hotel in New Delhi, India, Friday (local time). Joint Press CorpsPresident Yoon Suk Yeol pledged Sunday to provide active assistance to Korean businesses operating in India, the presidential office said.Yoon made the pledge during a lunch meeting with a dozen executives from the local divisions or affiliates of South Korean companies, including Hyundai Motor Co., Samsung Electronics Co. and LG Electronics Inc.The attendees discussed current conditions in the Indian market, their corporate strategies, and difficulties involving local customs procedures, administration and infrastructure.Yoon encouraged the business executives who are elevating Korea's brand image in various sectors of the Indian economy and promised to provide active assistance to help them make the most of the strategic opportunities offered by the Indian market and to resolve their difficulties,According to the presidential office, around 530 Korean companies are currently operating in India. (Yonhap)

Sep 10, 2023
Yoon meets with Korean business executives in India
  • Korea, Japan share commitment to 3-way summit involving China

DPK locks horns with prosecution over leader's interrogation

Main opposition Democratic Party of Korea Chairman Lee Jae-myung reclines in his tent in front of the National Assembly, Sunday, marking the 11th day of his indefinite hunger strike against the Yoon Suk Yeol administration. YonhapBy Lee Hae-rinThe main opposition Democratic Party of Korea (DPK) and the prosecution traded barbs, Saturday, as questioning over DPK Chairman Lee Jae-myung's alleged involvement in an illegal money transfer to North Korea, ended inconclusively after eight hours. The politician has been summoned again for additional questioning this week.The prosecution claimed that the politician was uncooperative throughout the questioning and gave unrelated answers to the questions asked, while Lee and the opposition party said the investigators failed to present incriminating evidence. The two sides also clashed over the prosecution's request for Lee to be questioned again on Tuesday, as the opposition party criticized the prosecution's move as a way to further humiliate its leader. Saturday's interrogation marked Lee's fifth appearance before the prosecution, as he has

Sep 10, 2023By Lee Hae-rin
DPK locks horns with prosecution over leader's interrogation

Yoon likely to replace gender equality, defense ministers this week

Gender Equality and Family Minister Kim Hyun-sook arrives at her office at Government Complex Seoul, Sept. 1. NewsisBy Lee Hyo-jin President Yoon Suk Yeol is likely to replace three to four ministers, including the gender equality and defense ministers, as early as this week in an effort to keep his policy momentum going in preparation for general elections slated for April next year, according to several ruling party sources and media reports, Sunday. Both the gender equality and defense ministers have been facing mounting public criticisms in recent weeks over the poor planning and unpleasant conditions experienced at the World Scout Jamboree in August, and over the death of a young Marine during a search operation for people affected by the downpours in July, respectively. Other ministers that may be affected by the president's envisioned Cabinet reshuffle could include both the culture and ICT ministers, according to sources. Speculation is high that Gender Equality and Family Minister Kim Hyun-sook, who is under scrutiny over her ministry's mishandling of the quadrennial Jambore

Sep 10, 2023By Lee Hyo-jin
Yoon likely to replace gender equality, defense ministers this week

DPK leader questioned over illegal money transfers to N. Korea

Main opposition Democratic Party of Korea leader Lee Jae-myung leaves the National Assembly to appear before prosecutors for questioning over allegations of his involvement in illegal money transfers to North Korea, Sept. 9. YonhapOpposition leader Lee Jae-myung appeared before prosecutors Saturday for questioning over accusations that he was involved in a company's alleged illegal money transfers to North Korea.Lee, chairman of the main opposition Democratic Party of Korea (DPK), showed up at the District Prosecutors Office in Suwon, 30 kilometers south of Seoul, at 10:18 a.m., marking his fifth appearance for prosecution questioning. He was last questioned Aug. 17 about a separate case.Lee has been under investigation over a series of corruption allegations that he claims were fabricated.The latest probe centers on allegations that Ssangbangwool Group, an underwear manufacturer, unlawfully remitted $8 million to North Korea between January 2019 and January 2020 on behalf of Gyeonggi Province.Prosecutors suspect that $3 million was intended to facilitate Lee's planned visit to Pyong

Sep 9, 2023
DPK leader questioned over illegal money transfers to N. Korea

Yoon approves dismissal motion of commissioner for conflict of interest violation

President Yoon Suk Yeol speaks during a Cabinet meeting at the presidential office in Seoul, Aug. 29. Yonhap President Yoon Suk Yeol approved a motion for the dismissal of a left-leaning commissioner of the state media regulation agency Friday for violating conflict-of-interest rules, the presidential office said.Earlier in the day, the Anti-Corruption and Civil Rights Commission announced that Choung Min-young, one of the nine commissioners of the Korea Communications Standards Commission (KCSC) recommended by the opposition bloc, had breached the law prohibiting commissioners from engaging in personal activities related to their duties.Yoon, currently on an overseas trip to Indonesia and India, approved the motion, which had been submitted by the Ministry of Personnel Management, the presidential office said in a press release.Choung, a lawyer by profession, had previously represented TV broadcaster MBC in a lawsuit concerning the broadcasting of a subtitled video

Sep 8, 2023
Yoon approves dismissal motion of commissioner for conflict of interest violation

PPP files ethics complaint against opposition lawmaker for calling defector-turned-lawmaker 'trash'

Rep. Tae Young-ho, left, speaks to Rep. Lee Jae-myung, right, of the main opposition Democratic Party, Sept. 7, where Lee has been staging an indefinite hunger strike. YonhapThe ruling People Power Party (PPP) on Friday filed a complaint with the parliamentary ethics committee against an opposition lawmaker for openly calling a North Korean defector-turned-lawmaker "trash." Rep. Park Young-soon of the main opposition Democratic Party (DP) hurled the insult toward Rep. Tae Young-ho of the PPP during a parliamentary interpellation earlier this week after Tae accused DP lawmakers of remaining silent about the North's human rights issue."Stringent disciplinary action is necessary for the unimaginably defamatory and insulting remarks," Rep. Jang Dong-hyeok, a floor spokesman for the PPP, told reporters.Following the controversy, Tae made a brief visit to the site where DP leader, Rep. Lee Jae-myung, has been on an indefinite hunger strike against President Yoon Suk Yeol's government. Tae called for an apology and demanded the resignation of Park, saying that in North Korea, the term "tras

Sep 8, 2023
PPP files ethics complaint against opposition lawmaker for calling defector-turned-lawmaker 'trash'

S. Korean nuclear envoy voices concerns over forced repatriation of NK defectors in meeting with UN rapporteur

South Korea's top nuclear envoy, Kim Gunn, right, poses with Elizabeth Salmon, the U.N. special rapporteur for North Korea's human rights, after having a meeting in Seoul, Thursday. Courtesy of Ministry of Foreign AffairsSouth Korea's top nuclear envoy on Thursday met with the U.N. special rapporteur for North Korea's human rights issues to discuss the repatriation of defectors and other pending issues, Seoul's foreign ministry said Thursday.During his meeting with Elizabeth Salmon, Kim Gunn expressed concerns that North Korean defectors may be forcibly repatriated to their home country amid reports that the secretive regime appears to be opening up its borders after years of stringent COVID-19 lockdown.Echoing Kim's concerns, Salmon expressed her commitment to support the issue with continuing interest, the ministry said.Separately, she also met Chun Young-hee, head of the ministry's Korean Peninsula Peace Regime Bureau, and exchanged views on the human rights problem in the North. Salmon arrived in Seoul on Monday for a nine-day visit to meet with Seoul officials and North Korean d

Sep 7, 2023
S. Korean nuclear envoy voices concerns over forced repatriation of NK defectors in meeting with UN rapporteur

S. Korea's nuclear watchdog gives green light to operate new reactor

From left are Shin Hanul No. 1 and Shin Hanul No. 2 reactors in the nation's eastern coastal county of Uljin. Courtesy of Korea Hydro & Nuclear PowerSouth Korea on Thursday gave the final nod for the operation of a new nuclear reactor, marking the first such approval under the current President Yoon Suk Yeol administration.The Nuclear Safety and Security Commission (NSSC) gave the go-ahead for the Shin Hanul No. 2 reactor in the coastal county of Uljin, 218 kilometers southeast of Seoul, at a meeting held earlier in the day.Completed in August last year, the reactor has a power generation capacity of 1,400 megawatts and utilizes the APR1400 technology.The reactor will enter into commercial operation after six months of testing, according to the NSSC.Since taking office last year, Yoon has expressed his commitment to reverse the nuclear phase-out policy of the previous liberal administration and rebuild the country's nuclear energy industry.The Shin Hanul 1 nuclear reactor went into full operation in December last year after getting approval in July 2021. (Yonhap)

Sep 7, 2023
S. Korea's nuclear watchdog gives green light to operate new reactor

Yoon, Cambodian PM agree to further expand bilateral trade

President Yoon Suk Yeol, left, shakes hands with Cambodia's Prime Minister Hun Manet, during a summit held in Jakarta, Indonesia, Thursday. Joint Press Corps-YonhapSouth Korean President Yoon Suk Yeol and Cambodian Prime Minister Hun Manet agreed Thursday to further expand bilateral trade by actively using their recently implemented free trade agreement, the presidential office said.The two leaders held their first summit on the margins of annual summits involving the Association of Southeast Asian Nations, with Yoon congratulating the prime minister on his inauguration last month.The two agreed to actively use the South Korea-Cambodia FTA that took effect last December and a customs agreement signed in April to further increase bilateral trade that reached a record $1.05 billion last year, the presidential office said in a press release.Yoon stressed that North Korea's recent launches of what it claims are satellites are a clear violation of multiple U.N. Security Council resolutions and requested the prime minister's attention and support for the international community's firm resp

Sep 7, 2023
Yoon, Cambodian PM agree to further expand bilateral trade

Korea signs free trade pact with Philippines

Korea's Trade Minister Ahn Duk-geun, front right, shakes hands with his Philippine counterpart, Alfredo Pascual, after signing the Korea-Philippines free trade agreement in Jakarta, Indonesia, Thursday (local time), with President Yoon Suk Yeol and Philippine President Bongbong Marcos in attendance. YonhapSeoul to offer help with Jakarta's 2039 nuclear power project By Nam Hyun-wooJAKARTA ― Korea and the Philippines signed a free trade agreement, Thursday, marking the fifth bilateral free trade pact Seoul inked with a member of the Association of Southeast Asian Nations (ASEAN).Following the pact, Korea and the Philippines will remove tariffs on approximately 95 percent of items traded between the two sides. In particular, duties on Korean cars and automotive parts will be lifted, opening up a lucrative market for Korean carmakers.Korea's Minister for Trade Ahn Duk-geun and Philippines' Secretary of Trade and Industry Alfredo Pascual signed to the FTA at a summit between President Yoon Suk Yeol and his Filipino counterpart Bongbong Marcos in Jakarta. The two countries reached agreeme

Sep 7, 2023By Nam Hyun-woo
Korea signs free trade pact with Philippines
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