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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.

Korean finance minister to meet Japanese counterpart next month amid thawing relations

This photo provided by the Ministry of Economy and Finance shows Minister Choo Kyung-ho, left, and his Japanese counterpart, Shunichi Suzuki, posing for a photo after their meeting in Washington, April 13. YonhapKorean Finance Minister Choo Kyung-ho has said he will meet with his Japanese counterpart, Shunichi Suzuki, next month, the first meeting between the finance ministers of the two neighbors in nearly seven years in the latest sign of a thaw in diplomatic relations.The agreement was made in Washington where the two attended the G20 Finance Ministers and Central Bank Governors' meeting, Choo said last Thursday (local time)."Since the two leaders initiated a watershed moment (for cooperation) during their summit, we need to start working-level consultations in each sector, and there is a need to expand cooperative relations with Japan's finance ministry in economy and finance," Choo said while meeting with Korean reporters.Choo will meet with Suzuki on the sidelines of the 56th Asian Development Bank Annual Meeting to be held in Songdo, Incheon, from May 2-5.It will mark the firs

Apr 16, 2023
Korean finance minister to meet Japanese counterpart next month amid thawing relations

INTERVIEW US urges China to play role to stop human rights abuses in North Korea

Sung Kim, the U.S. special representative for North Korea, speaks during a meeting with his counterparts from South Korea and Japan at the foreign ministry in Seoul, April 7. YonhapUS Special Representative for North Korea Sung Kim voices concerns about China's forced repatriation of North Korean refugees By Kang Hyun-kyungThe United States will continue its diplomatic efforts to build pressure on China to scrap its forced repatriation of North Korean refugees as the brutal policy has resulted in unspeakable human rights violations of those returned to the North, according to a U.S. nuclear envoy. “We are concerned by reports that potentially hundreds of North Koreans are detained in the PRC and will face forced repatriation when the border reopens,” Sung Kim, the U.S. special representative for North Korea, said in a written interview with The Korea Times on Friday. The PRC stands for the People's Republic of China.Kim, who concurrently serves as U.S. ambassador to Indonesia, said the U.S. government has raised North Korea-related issues at “almost every recent sen

Apr 15, 2023By Kang Hyun-kyung
[INTERVIEW] US urges China to play role to stop human rights abuses in North Korea

Yoon's approval rating falls to 27%: poll

President Yoon Suk Yeol during a meeting in his Seoul office/ YonhapPresident Yoon Suk Yeol's approval rating fell below 30 percent for the first time in five months, a poll showed Friday.In the poll of 1,002 adults conducted by Gallup Korea from Tuesday to Thursday, the positive assessment of Yoon's performance declined 4 percentage points from the previous week to 27 percent. Yoon's disapproval rating was 65 percent, up 4 percentage points from the previous week.This marked the first time that Yoon's approval rating has sunk below the 30 percent mark since the third week of November.After taking office in May last year, Yoon's approval rating fell below the 30 percent mark for the first time in late July in the wake of internal turmoil at the ruling party and a controversy surrounding the launch of a police bureau within the interior ministry.It had stayed in the 30 percent range since late last year after dipping to an all-time low of 24 percent in early August and late September amid public outcry over an unpopular policy to lower the school entry age and a hot-mic incident durin

Apr 14, 2023
Yoon's approval rating falls to 27%: poll

S. Korea, US to sign cybersecurity pact during Yoon-Biden summit

President Yoon Suk Yeol shakes hands with his U.S. counterpart Joe Biden during their summit at a hotel in Phnom Penh, Cambodia, Nov. 13, 2022. YonhapBy Nam Hyun-wooSouth Korea and the United States are expected to sign a cybersecurity pact during a summit between Presidents Yoon Suk Yeol and Joe Biden later this month, a senior Seoul official said on Friday.“As a result of the South Korea-U.S. summit, a separate document on cybersecurity will be announced,” the official told South Korean correspondents in Washington. “The document will be about reconfirming the two countries' mutual trust on cybersecurity, as well as generating and analyzing more trustworthy information.”The official continued by saying that the document will likely contain “measures that can rebuild the two countries' trust (on cybersecurity) in terms of putting them into practice.” He also implied that the pact will include an expansion of cybersecurity information sharing between the two countries. "With the (South Korea-U.S.) alliance commemorating its 70th anniversary, it is

Apr 14, 2023By Nam Hyun-woo
S. Korea, US to sign cybersecurity pact during Yoon-Biden summit

Korea, Japan to hold face-to-face export meeting in Seoul next week

Korean President Yoon Suk Yeol, left, and Japanese Prime Minister Fumio Kishida shake hands prior to their expanded summit talks at the latter's residence in Tokyo on March 16. Korea Times fileKorea and Japan will hold a face-to-face meeting in Seoul next week to discuss their policy measures on exports of strategic and other items as they have vowed to put each other back on their respective list of trusted trade partners, Seoul's industry ministry said Friday.The 10th round of the exports management policy dialogue will be held in Seoul from April 18-20 and will be attended by director-level officials from industry ministries of the two nations, according to the Ministry of Trade, Industry and Energy.Ahead of the planned meeting, Seoul and Tokyo held a virtual meeting on Monday, Wednesday and Thursday, during which they discussed their policy management regarding exports of strategic items and the "catch-all" system, among other issues.The catch-all scheme calls on exporters to obtain a situational permit for items believed to be put to military use, though they are not listed as s

Apr 14, 2023
Korea, Japan to hold face-to-face export meeting in Seoul next week

Ruling party expresses regret over Japan's renewed claim to Dokdo

Ruling People Power Party leader Kim Gi-hyeon, center, visits the memorial of former President Park Chung-hee in western Seoul, April 14. YonhapThe ruling People Power Party (PPP) leader on Friday called on Japan to show more "sincere remorse" over historical issues after Tokyo's renewed territorial claims to Dokdo in its latest annual diplomatic book.The claim, strongly disputed by South Korea that has long maintained effective control of the set of rocky islets in the East Sea, was included in the 2023 Diplomatic Bluebook that was reported to the Japanese Cabinet earlier this week."It's nonsense for Japan to insist Dokdo is part of its territory," Rep. Kim Gi-hyeon told reporters after visiting the memorial of former President Park Chung-hee in western Seoul.Kim also noted, however, it would be premature to expect Japan to change its stance on Dokdo and other historical issues just because of President Yoon Suk Yeol's recent overtures to the neighboring nation.During their summit last month, Yoon and Prime Minister Fumio Kishida agreed to resume shuttle diplomacy, or regular visits

Apr 14, 2023
Ruling party expresses regret over Japan's renewed claim to Dokdo

No reason to believe US tapped S. Korea's presidential office: official

The presidential office in Yongsan District, Seoul / Courtesy of presidential officeThere still exists no hard evidence that the United States has eavesdropped on conversations at Korea's presidential office, a ranking Korean official said Thursday.The official said there was no reason to believe the U.S. conducted any malicious activities in Seoul."From what the Korean government has determined so far, there isn't any reason to conclude that the U.S. has wiretapped us," the official said while meeting with reporters in Washington, asking not to be identified."We believe there has not been any malicious activities" committed by the U.S., the official added.Earlier news reports suggested that U.S. intelligence services may have eavesdropped on conversations at Korea's presidential office, citing classified documents allegedly leaked from the U.S. Department of Defense and shared on social media.Kim Tae-hyo, principal deputy national security adviser at the Korean presidential office, earlier said there was no reason to believe the U.S. has acted with any malicious intention toward Seo

Apr 14, 2023
No reason to believe US tapped S. Korea's presidential office: official
  • US guardsman to appear in court over Pentagon documents leak

INTERVIEW 'When in South Korea, do as Southerners do'

Kim Hong-kyun, the founder of trucking company S.P. Transport / Courtesy of Korea Hana FoundationThis is a fifth in a series of interviews with North Korean defectors and their assimilation into South Korea―ED. Self-made businessman advises fellow North Korean defectors to hang in there, think like South Koreans, if they want to succeedBy Kang Hyun-kyungKim Hong-kyun seems to be the man who can literally “make a living by selling sand to desert people.” Koreans use the phrase “doing sand business in the desert” to refer to people with exceptional business and survival skills. In the desert, sand is everywhere, so common that few people believe one can make ends meet there by selling sand. As always, however, people with extraordinary business acumen discover opportunities in areas that others overlook. With persistent effort and a never-give-up attitude, they achieve things that initially looked to be impossible. Kim, 59, is such a person. He saw business opportunities in a trucking company when he arrived in South Korea in 2001, 11 years after he left North K

Apr 14, 2023By Kang Hyun-kyung
[INTERVIEW] 'When in South Korea, do as Southerners do'

Assembly passes bills on regional airports

A military trainer airplane lands at a military airport in Gwangju, South Jeolla Province, about 270 kilometers south of Seoul, Thursday. YonhapThe National Assembly on Thursday passed a pair of bills for relocating military airports in the southern cities of Daegu and Gwangju.One of the bills involves a plan to move a military airport and a civilian airport in Daegu, 237 kilometers southeast of Seoul, to a new integrated airport to be constructed in two nearby counties in North Gyeongsang Province.The city aims to begin construction in 2025 and open the new airport in 2030. The special act includes provisions for financial support from the central government and measures to expedite the project, including exemptions from preliminary feasibility studies when necessary. The other bill aims to relocate a military airport in the southwestern city of Gwangju, about 270 kilometers south of Seoul, to a site in the nearby South Jeolla Province.The legislation establishes the legal basis for the central government's financial and administrative support for the project. The site for the new a

Apr 13, 2023
Assembly passes bills on regional airports

Assembly rejects grain bill vetoed by Yoon in revote

Lawmakers take part in a revote for a revision to the Grain Management Act at the National Assembly in Seoul, April 13. Yonhap The National Assembly on Thursday voted down a contentious bill requiring the government purchase of surplus rice that was put up for a revote after President Yoon Suk Yeol vetoed the legislation.The revision to the Grain Management Act was rejected in a 177-112 vote.Yoon rejected the revision bill during a Cabinet meeting last week, requesting the National Assembly reconsider the bill amid concerns that it could lead to a waste of government resources.Two-thirds approval is needed for a bill rejected by the president to be passed by parliament again. The main opposition Democratic Party of Korea (DPK), which railroaded the bill on March 23, only holds 169 out of 300 seats.The DPK has argued the vetoed bill can protect farmers and stabilize rice prices, as rice demand has been on a steady decline due mainly to changes in diet and eating habi

Apr 13, 2023
Assembly rejects grain bill vetoed by Yoon in revote
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