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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 deliver address at US Congress during state visit

President Yoon Suk Yeol poses with House Foreign Affairs Committee Chairman Michael McCaul, fifth from left, and other members of a bipartisan U.S. congressional delegation that visited the presidential office in Yongsan District, Seoul, Wednesday. Courtesy of presidential officeBy Nam Hyun-wooPresident Yoon Suk Yeol will deliver an address at a joint session of the U.S. Congress during his state visit to Washington later this month.“U.S. House Foreign Affairs Committee Chairman Michael McCaul and a bipartisan congressional delegation visited the presidential office on Wednesday afternoon, and McCaul invited Yoon to give an address at a joint session of the U.S. Congress,” presidential spokesperson Lee Do-woon said. “Yoon said he would be pleased to deliver an address at the podium of the U.S. Congress on the special occasion of the 70th anniversary of the Korea-U.S. alliance,” Lee said.Yoon is scheduled to make a state visit to the U.S. later this month and will have a summit with U.S. President Joe Biden on April 26. The congressional address is reportedly s

Apr 5, 2023By Nam Hyun-woo
Yoon to deliver address at US Congress during state visit

Korea to actively recruit foreign talent in public sector

Minister of Personnel Management Kim Seung-ho speaks during a briefing at Government Complex Seoul, Aug. 16, 2022. Courtesy of Ministry of Personnel ManagementBy Lee Hyo-jinThe Korean government seeks to actively hire foreign nationals in the public sector, reflecting the need for more global talent in the country's rising industries such as space and ICT. The Ministry of Personnel Management on Wednesday preannounced a revision to the presidential ordinance on the recruitment of civil servants, which is aimed at allowing the ministry to launch a candidate database of foreign nationals for senior-level positions in the public sector.Under the revised measures, the government will be able to collect the personal information of foreign nationals who visit state-run organizations or attend international conferences organized by the Korean government. Under the individual's consent, the ministry will collect personal data including name, gender, nationality, occupation, email address, field of expertise and work experience.The collected information will be registered in a database for po

Apr 5, 2023By Lee Hyo-jin
Korea to actively recruit foreign talent in public sector

Main opposition urges Japan to suspend Fukushima water discharge

Members of the main opposition Democratic Party of Korea's task force on Japan's plan to release radioactive water from the crippled nuclear power plant in Fukushima talk to reporters after making a visit to the Japanese Embassy in central Seoul, April 5. YonhapA group of lawmakers from the main opposition Democratic Party of Korea (DPK) visited the Japanese Embassy in Seoul on Wednesday and urged Tokyo to suspend its plan to release radioactive water from the crippled Fukushima nuclear power plant into the sea until neighboring countries approve of the idea. The DPK's task force on the Fukushima water release plan made the request in a meeting with Daisuke Namioka, minister of economic affairs at the Japanese Embassy, on the eve of their planned visit to Japan in connection with the matter. Five lawmakers from the task force plan to travel to Fukushima for three days starting Thursday to assess the circumstances surrounding the water release and request information on the release plan.In Wednesday's meeting, the task force also delivered a statement calling on Japan to make sure tha

Apr 5, 2023
Main opposition urges Japan to suspend Fukushima water discharge

Gov't, ruling party to strengthen response to school violence

The government and the ruling People Power Party hold a policy consultation meeting on their response to school violence at the National Assembly in western Seoul, April 5. YonhapThe government and the ruling People Power Party (PPP) decided Wednesday to push for tougher measures against school violence, including having such records taken into account in both the early and regular college admission processes, and kept until employment.The PPP and the government held a policy consultation meeting at the National Assembly and discussed various measures to raise awareness on school bullying, the PPP's top policymaker Park Dae-chul said.The measures include extending the length of time a record of school violence will be kept in a student's file, including up until a student finds a job, and taking such records into consideration in both the early and regular college admission processes, according to Park.Park said the government and the PPP also discussed beefing up support for victims, strengthening teachers' authority and facilitating character-building education for students, includ

Apr 5, 2023
Gov't, ruling party to strengthen response to school violence

Economics professor, former procurement agency head named as new BOK policymakers

Chang Yong-sung, left, an economics professor at Seoul National University and Park Chun-sup, former chief of the Public Procurement Service / Korea Times fileAn economics professor and a former procurement agency chief have been recommended to replace two outgoing monetary policymakers of the Bank of Korea (BOK), the central bank said Wednesday. Chang Yong-sung, an economics professor at Seoul National University, and Park Chun-sup, former chief of the Public Procurement Service, were named to sit on the BOK's seven-member rate-setting board.If appointed by President Yoon Suk Yeol, Chang and Park will start their four-year terms by replacing Joo Sang-yeong and Park Ki-young, respectively, whose terms end April 20.Chang and Park were recommended by the BOK and the Financial Services Commission, according to the central bank.Eyes are on the monetary policy stance of the new board members.The BOK sought steep rate hikes throughout last year to tame inflation. In February, the BOK held it steady for the first time in about a year amid worries over an economic slowdown. The central bank

Apr 5, 2023
Economics professor, former procurement agency head named as new BOK policymakers

Voting for by-elections kicks off

A voter takes part in early voting for by-elections at a polling station in Changnyeong, South Gyeongsang Province, March 31. YonhapKoreans headed to the polls Wednesday to cast their ballots in by-elections.Up for grabs are nine seats, including one parliamentary seat in Jeonju, 194 kilometers south of Seoul, one lower-level council head, one superintendent for education, two in provincial and metropolitan councils, and four in lower-level councils.Eligible voters can cast ballots at polling stations from 6 a.m. to 8 p.m., according to the National Election Commission. COVID-19 patients and those in quarantine will be able to vote from 8:30 p.m. to 9:30 p.m.Some 1.3 million voters are eligible to vote, according to the interior ministry.Two-day early voting took place last week. (Yonhap)

Apr 5, 2023
Voting for by-elections kicks off

Korea to diversify trade partnerships, portfolio amid uncertainties: finance minister

Finance Minister Choo Kyung-ho speaks during a meeting with economy-related ministers in Seoul, April 5, YonhapKorea will diversify its free trade partnerships with more nations to address the growing economic uncertainties and jitters in the global supply chain, the finance minister said Wednesday.Finance Minister Choo Kyung-ho made the remark ahead of a closed-door meeting, where economy-related ministers discussed various issues, including expanding free trade deals and coping with protectionism from major countries, according to the Ministry of Economy and Finance."Recently, the global economy and the financial market have been facing volatility and uncertainty following aggressive monetary-tightening moves in major economies," Choo said, pointing out that the prolonged Russo-Ukrainian war also is weighing on Asia's No. 4 economy.Korea's exports fell for the sixth consecutive month in March due mainly to weak global demand for semiconductors amid an economic slowdown, with the country suffering a trade deficit for 13 months in a row.To revitalize slowing exports, Choo said the co

Apr 5, 2023
Korea to diversify trade partnerships, portfolio amid uncertainties: finance minister

Yoon vetoes revised bill requiring gov't to buy surplus rice

President Yoon Suk Yeol bangs the gavel during a Cabinet meeting at the presidential office in Yongsan District, Seoul, Tuesday. Yoon exercised his right to veto a revision of the Grain Management Act. Courtesy of presidential officeRelations between gov't, opposition party lapse into gridlockBy Nam Hyun-wooPresident Yoon Suk Yeol vetoed a revision of the Grain Management Act, Tuesday, which was passed unilaterally by the main opposition Democratic Party of Korea (DPK) last month to require the government to purchase surplus rice. This marks the first case of Yoon exercising his right to send a bill back to the National Assembly.During a Cabinet meeting, Yoon returned the disputed bill to the Assembly, requesting lawmakers to reconsider the revision that the opposition claims is aimed at protecting farmers and stabilizing prices.“(The revision) is a populist bill which goes against the national agricultural goal of improving productivity and farmers' income and does not help the progress of the rural community,” Yoon said. “The revision is nothing more than a coerci

Apr 4, 2023By Nam Hyun-woo
Yoon vetoes revised bill requiring gov't to buy surplus rice

Yoon lauds Samsung's massive investment plan in South Chungcheong Province

President Yoon Suk Yeol speaks during an investment announcement ceremony held at Samsung Display's factory in Asan, South Chungcheong Province, Tuesday. Joint Press CorpsSamsung Display to invest $3.1 billion in OLED plant by 2026By Lee Hyo-jin President Yoon Suk Yeol on Tuesday hailed Samsung Display's announced investment of 4.1 trillion won ($3.1 billion) in its manufacturing plant in Asan, South Chungcheong Province, by 2026, a move that is expected to create 26,000 jobs in the region. The display-making affiliate of Samsung Electronics unveiled the investment plan aimed at ramping up production capacity of organic light-emitting diodes (OLED) used for tablets and laptops. The completion of the 4.1 trillion won investment project will enable the company to secure the world's No. 1 production capacity of IT OLED panels. Samsung Display also seeks to launch various programs to support its subcontractors through joint technology development, manufacturing innovation and advance payments to raise the competitiveness of local materials, parts and equipment companies.Yoon, who attende

Apr 4, 2023By Lee Hyo-jin
Yoon lauds Samsung's massive investment plan in South Chungcheong Province

Main opposition slams Yoon's veto of grain bill

Lawmakers of DPK and the heads of a farmers' group stage a head-shaving protest at the National Assembly in Seoul to oppose expected veto of a bill requiring government purchase of surplus rice, April 3. YonhapThe main opposition Democratic Party of Korea (DPK) denounced President Yoon Suk Yeol's veto of a contentious bill requiring government purchase of surplus rice Tuesday, calling it a "frontal rejection" of the National Assembly's legislative right.Yoon vetoed the revision to the Grain Management Act, which the opposition-controlled National Assembly passed on March 23, in a Cabinet meeting, marking his first veto of a bill since he took office. The bill requires the government to buy excess rice if production exceeds estimated demand by 3-5 percent, or if prices fall by 5-8 percent or more compared with the previous year."This is a frontal rejection of the National Assembly's legislative right," DPK floor leader Park Hong-keun said. "We are deeply enraged with the Yoon Suk Yeol administration that holds the survival rights of farmers hostage and uses the presidential veto for p

Apr 4, 2023
Main opposition slams Yoon's veto of grain bill
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