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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 to pay state visit to US from April 24-29

Korean President Yoon Suk Yeol, left, and U.S. President Joe Biden pose for a photo during their summit at a hotel in Phnom Penh, Cambodia in this Nov. 13, 2022 file photo. YonhapPresident Yoon Suk Yeol will pay a state visit to the United States from April 24-29 to hold a summit with U.S. President Joe Biden and mark the 70th anniversary of the bilateral alliance, a presidential official said Thursday.Yoon will be the first South Korean president since Lee Myung-bak in 2011 to pay a state visit to the U.S., Principal Deputy National Security Adviser Kim Tae-hyo told reporters while announcing the details of his trip.Yoon and Biden will hold a summit at the White House on April 26 after an official welcoming ceremony and before a state dinner where they will be joined by first ladies Kim Keon Hee and Jill Biden."The two leaders will spend a lot of time together over the course of many events ... celebrate the achievements of the South Korea-U.S. alliance accumulated over 70 years, and exchange in-depth views on the alliance's way forward," Kim Tae-hyo said.The summit will mark the si

Apr 20, 2023
Yoon to pay state visit to US from April 24-29
  • White House announces details on Yoon's state visit to US

Yoon vows to work toward fair opportunities for disabled people

President Yoon Suk Yeol interviews with Reuters at the presidential office in Yongsan, Seoul, April 19. YonhapPresident Yoon Suk Yeol vowed Thursday to work harder to create a society where disabled people enjoy the same fair opportunities as non-disabled people.Yoon made the remark in a message marking the 43rd Day of People with Disabilities, saying the aim of his administration's philosophy of freedom is to give all people the opportunity for self-realization."There can be no exceptions. If for whatever reason, the freedom of one person is not guaranteed, we must join forces to guarantee it," he wrote on Facebook.Yoon said his government announced a 2023-2027 comprehensive plan for disabled people based on that philosophy last month, with a focus on giving people the option to choose the services they need and providing integrated care to the seriously disabled. "We will carry out tailored assistance services without a hitch and continuously make improvements through communication with the field," he said."We will work harder to create a society where the disabled enjoy the same f

Apr 20, 2023
Yoon vows to work toward fair opportunities for disabled people

INTERVIEW Moon calls for new paradigm for peace on Korean Peninsula

Hyunjin Preston Moon, the founder and chairman of the Global Peace Foundation (GPF), speaks during a joint interview with Korean media outlets at a hotel in New Delhi, India, April 13. Courtesy of GPFGlobal Peace Foundation aims to gather 10 million people's support for Korean unification by 2025By Lee Hyo-jin NEW DELHI, India ― In the last few decades, South Korea and its neighboring countries have engaged in various diplomatic efforts to make North Korea abandon its nuclear ambitions, which threaten the peace and stability of the Korean Peninsula and the international community.Under such efforts, numerous talks were held both at bilateral and multilateral levels. Some noteworthy agreements, such as the 2018 Pyongyang Joint Declaration, seemed to bring the two Koreas closer to achieving peace.Nevertheless, to this day, Pyongyang still shows no signs of giving up its nuclear arms, in what it calls “self-defense” capabilities. In recent months, the reclusive regime has been ratcheting up tensions on the peninsula through a barrage of missile tests as well as verbal provoc

Apr 20, 2023By Lee Hyo-jin
[INTERVIEW] Moon calls for new paradigm for peace on Korean Peninsula

Ancient Indian spirit meets Korean peacebuilding movement

Dignitaries of the 2023 Global Peace Leadership Conference, including Hyunjin Preston Moon, fourth from left, chairman of Global Peace Foundation, pose during a high plenary session held in New Delhi, April 13. Courtesy of Global Peace FoundationScholars, spiritual leaders gather in New Delhi to discuss shared global challenges By Lee Hyo-jin NEW DELHI, India ― India is a land of spiritual heritage, with its dynamic history and culture dating back to the beginning of human civilization. The South Asian nation now has a population of more than 1.3 billion, earning the title of the largest democratic country in the world. On the global stage, India is raising its presence as a bridging nation between various power states. Holding presidencies of both the G20 and the Shanghai Cooperation Organization (SCO) this year, much attention is paid to how the country will position itself as the leader of emerging and developing nations.The rising geopolitical position of India served as a perfect background for the Global Peace Foundation (GPF), a Washington D.C.-based non-profit group, to host

Apr 20, 2023By Lee Hyo-jin
Ancient Indian spirit meets Korean peacebuilding movement

ANALYSIS Yoon asked to focus on key economic issues at summit with Biden

This combination of two file photos shows South Korean President Yoon Suk Yeol in Seoul, May 10, 2022, and U.S. President Joe Biden in Washington, D.C., May 15, 2022. Leaked U.S. intelligence documents suggesting that Washington spied on South Korea have put the country's president in a delicate situation ahead of a state visit to the U.S. AP-YonhapUS visit won't fundamentally change Yoon's approval rating: Washington experts By Kim Yoo-chulMaintaining a solid job approval rating is of utmost importance to any state leader. Public backing offers leaders the expanded political space and capital needed to drive their strategic policy initiatives.It is not always true to say that a state leader's low job approval rating should constrain their ability to move forward with foreign policy objectives, but when it comes to relations with the U.S., Japan and North Korea, there is a very high degree of domestic political polarization.Within that context, if President Yoon Suk Yeol's job approval rating remains consistently low, his administration and foreign policy teams could become much more

Apr 20, 2023By Kim Yoo-chul
[ANALYSIS] Yoon asked to focus on key economic issues at summit with Biden

INTERVIEW Bad deal is better than no deal to halt North Korea's nuclear ambitions

A video grab shows North Korean leader Kim Jong-un, right, showing his watch to then U.S. President Donald Trump during the second U.S.-North Korea summit in Hanoi, Vietnam, on Feb. 27, 2019. EPA-YonhapNuclear scientist Siegfried Hecker encourages Yoon, Biden to devise fresh approach at April 26 summit to dismantle North Korea's nuclear program By Kang Hyun-kyungSiegfried Hecker, professor emeritus at Stanford University and director emeritus at Los Alamos National Laboratory / Courtesy of Siegfried HeckerIn 2019, then U.S. President Donald Trump received bipartisan support, despite coming home empty-handed on the heels of a failed summit with North Korean leader Kim Jong-un in Vietnam's capital. The rationale of U.S. senators who backed Trump, regardless of their party affiliations, was that sometimes no deal is better than a bad deal to curb North Korea's nuclear ambitions. And this was also true at that time, because the U.S. would have made too many concessions otherwise to strike a deal with North Korea. But Siegfried Hecker, an internationally renowned expert in plutonium scien

Apr 20, 2023By Kang Hyun-kyung
[INTERVIEW] Bad deal is better than no deal to halt North Korea's nuclear ambitions

Can used goods trading platforms make money?

Daangn Market Co-Founder and Co-CEO Kim Jae-hyun / Korea Times photo by Choi Won-sukDaangn says portfolio diversification key to long-term profit By Lee Kyung-minDaangn Market and Joonggonara ― Korea's two leading online flea market platform operators ― are struggling to find a breakthrough strategy to offset years of operating losses, a concern amplified by overall rising costs of labor, transaction fees, maintenance and promotion campaigning, according to market watchers and company officials, Tuesday.Further clouding the prospects for the once-booming contactless service industry players over the past few COVID-19 pandemic years are a lack of sustainable profit models, compounded further by the thinning patience of profit-driven venture capitalists amid dimming outlook for handsome returns. Also weighing on them is fierce competition in the rapidly saturating market, as evidenced by a growing number of online platforms including traders of high-end pre-owned designer brand goods. KB Securities researcher Lee Soo-kyung said the online platforms should outline a strategy for growth,

Apr 19, 2023By Lee Kyung-min
Can used goods trading platforms make money?

Opposition leader slams Yoon for hinting at military aid to Ukraine

President Yoon Suk Yeol, left, walks past main opposition Democratic Party of Korea leader Lee Jae-myung, right, at the ceremony to mark the 63rd anniversary of the April 19, 1960, pro-democracy uprising by students at the April 19th National Cemetery in Seoul, April 19. YonhapOpposition leader Lee Jae-myung urged President Yoon Suk Yeol on Wednesday to reconsider his remarks suggesting the conditional possibility of providing non-humanitarian aid to Ukraine, saying the move would seriously hurt the national interest.Yoon said in an interview with Reuters published earlier in the day that Korea could provide aid beyond humanitarian or financial support if Ukraine comes under a large-scale attack against civilians, signaling a shift in Seoul's policy of not providing lethal weapons to Ukraine. "Offering military support to a region in conflict is an act that harms the national interest and we should never do it," Lee told reporters after a party event at the National Assembly. "In diplomacy, nothing is more important than the lives and safety of our people and the national interest."N

Apr 19, 2023
Opposition leader slams Yoon for hinting at military aid to Ukraine

Top executives of more than 100 Korean firms to accompany Yoon on upcoming US visit: FKI

In this Nov. 13, 2022 file photo, Korean President Yoon Suk-yeol, left, and U.S. President Joe Biden pose for a photo during their summit at a hotel in Phnom Penh. YonhapMore than 100 Korean companies, including top conglomerates like Samsung and SK, will form a business delegation to accompany President Yoon Suk Yeol on his upcoming state visit to the United States next week, a major Korean business lobby said Wednesday. The 122-member delegation will travel to Washington to support what will be the first state visit to the country by a Korean president in 12 years and help promote the economic relationship between the two nations, the Federation of Korean Industries (FKI) said in a release. Yoon is scheduled to make a state visit to the U.S. and hold a summit with President Joe Biden on April 26. The delegation consists of 19 large enterprises, 85 small and medium-sized companies, 14 business organizations, and four public entities, all of which were selected after two rounds of reviews on their performances and prospects in trade and investment with the U.S., the FKI said. Busines

Apr 19, 2023
Top executives of more than 100 Korean firms to accompany Yoon on upcoming US visit: FKI

Yoon to take 122-person business delegation to US

Choi Sang-mok, senior presidential secretary for economic affairs, holds a briefing on President Yoon Suk Yeol's upcoming state visit to the United States at the presidential office in Seoul, April 19. YonhapPresident Yoon Suk Yeol will take a 122-person business delegation with him on his visit to the United States next week to bolster cooperation between the two countries across diverse sectors ranging from advanced technologies to cultural content, his office said Wednesday.The delegation will be made up of chiefs of conglomerates, including Samsung Electronics Executive Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won and Hyundai Motor Group Chairman Euisun Chung, and the heads of six major business associations, including the Federation of Korean Industries and the Korea Chamber of Commerce and Industry, among others."It will be the largest business delegation since the launch of the Yoon Suk Yeol administration, with promising small- and medium-sized enterprises accounting for 70 percent of the total," Senior Presidential Secretary for Economic Affairs Choi Sang-mok told r

Apr 19, 2023
Yoon to take 122-person business delegation to US
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