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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 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

Yoon vetoes legislation requiring gov't purchase of surplus rice

President Yoon Suk Yeol speaks during a Cabinet meeting at the presidential office in Seoul, April 4. YonhapPresident Yoon Suk Yeol on Tuesday vetoed a contentious bill requiring government purchase of surplus rice, marking his first veto of a bill since he took office.Yoon rejected the revision to the Grain Management Act during a Cabinet meeting, requesting the National Assembly to reconsider the bill amid criticism that it would lead to a waste of government resources.The legislation, which the opposition-controlled National Assembly passed on March 23, 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.Political parties have been sharply divided over the bill, which comes as rice demand has been on a steady decline due mainly to changes in diets and eating habits. The ruling People Power Party (PPP) has argued the measure will worsen overproduction of rice and cause prices to fall further, while the main opposition Democratic Party of Korea (DPK) has claimed it

Apr 4, 2023
Yoon vetoes legislation requiring gov't purchase of surplus rice

New national security adviser hopes for close communication with US counterpart

New National Security Adviser Cho Tae-yong speaks to reporters at the presidential office in Seoul, March 30. YonhapNational Security Adviser Cho Tae-yong voiced hope for close communication with his U.S. counterpart, Jake Sullivan, as they held their first phone conversation since Cho took office last week, the presidential office said Tuesday.During Monday's call, Cho noted that the two countries' National Security Councils have maintained close communication and cooperation in the process of restoring the Korea-U.S. alliance since the inauguration of the Yoon administration.He also "expressed hope to continue to closely communicate at every level, given that the two countries' foreign affairs and national security authorities have been preparing for the Korea-U.S. summit in close consultation, and suggested he and National Security Adviser Sullivan consult frequently for the development of Korea-U.S. relations as global and comprehensive strategic allies," the presidential office said.The summit is scheduled to take place April 26 during President Yoon Suk Yeol's state visit to Wa

Apr 4, 2023
New national security adviser hopes for close communication with US counterpart

Opposition criticizes Yoon over Jeju Massacre ceremony no-show

Main opposition Democratic Party of Korea Chairman Rep. Lee Jae-myung, center, sings the national anthem at a commemoration ceremony of the Jeju April 3 Uprising and Massacre at Jeju 4.3 Peace Park on Jeju Island, Monday. YonhapBy Nam Hyun-wooThe main opposition Democratic Party of Korea (DPK) on Monday slammed President Yoon Suk Yeol for not attending a commemoration ceremony for the Jeju April 3 Uprising and Massacre, which killed tens of thousands of people amid ideological conflicts on Jeju Island in the late 1940s and early 1950s. The DPK held its Supreme Council meeting on the southern island and accused the Yoon administration of disrespecting the spirit of the uprising.“The president's promise for a complete resolution to April 3 has gone sour,” DPK Chairman Lee Jae-myung said. “Due to the administration's retrograde movements, there are far-right activists who are disavowing the April 3 Uprising.”The uprising began on the island on April 3, 1947, when ideological conflict was in full swing in Korea after it was liberated from Japan's 1910-45 colonial

Apr 3, 2023By Nam Hyun-woo
Opposition criticizes Yoon over Jeju Massacre ceremony no-show

Woman nabbed for hinting at terrorism against Yoon

President Yoon Suk Yeol greets people during his visit to the Seomun market, Daegu, 237 kilometers southeast of Seoul, April 1, YonhapA woman in her 20s has been apprehended on suspicion of posting a social media message suggesting a terrorist attack against President Yoon Suk Yeol, police said Monday.The woman, whose identity was withheld, is accused of disclosing a plan to visit Seomun Market with a "bomb" in the message posted in time for Yoon's visit to the traditional market in Daegu, 237 kilometers southeast of Seoul, last Saturday.She also captured and attached an article on Yoon's visit to her message.The president visited the market Saturday afternoon after throwing out the ceremonial first pitch at a baseball game at Samsung Lions Park in the same city to mark the start of a new season. There was no violence reported during his visit to the market.The Daegu Nambu Police Station said the woman was apprehended at her home at 9:20 p.m. Saturday and has since been under investigation on attempted blackmail and other charges.The suspect reportedly told police that she did not ha

Apr 3, 2023
Woman nabbed for hinting at terrorism against Yoon

ANALYSIS Japan asked to reciprocate after Yoon's concessions

Colleague students march toward for the presidential office during a rally to oppose the visit of South Korean President Yoon Suk Yeol to Japan, in Seoul, March 16, 2023. AP-YonhapJapanese politicians should not risk bilateral ties by pursuing short-term political gains By Kim Yoo-chulAre relations between South Korea and Japan finally getting back on track? Not surprisingly, U.S. President Joe Biden hailed President Yoon Suk Yeol's very bold act of statesmanship aimed at normalizing ties with Japan. This came as South Korea announced plans to establish a voluntary private fund with most of the money coming from South Korean firms instead of honoring 2018 ruling by the country's top court, which ordered two Japanese companies to compensate their South Korean victims of forced wartime labor. The Japanese companies refused to accept the ruling, arguing that the issue had been settled in 1965 when the two countries normalized diplomatic relations. Washington hopes for a Seoul-Tokyo relationship that is unfettered by historical disputes and able to pursue mutual interests in the reg

Apr 3, 2023By Kim Yoo-chul
[ANALYSIS] Japan asked to reciprocate after Yoon's concessions

Opposition lawmakers consider visit to Fukushima Prefecture this week

Lawmakers of the main opposition Democratic Party of Korea (DPK) hold a rally, March 30, denouncing the Korean government's response to Japan's planned release of radioactive wastewater from Fukushima's nuclear power plant into the ocean. Korea Times photo by Ko Young-gwonBy Lee Hyo-jin Some lawmakers of the main opposition Democratic Party of Korea (DPK) are planning to travel to Fukushima Prefecture later this week, as part of efforts to deter Japan's planned release of radioactive wastewater from the tsunami-stricken Fukushima Daiichi Nuclear Power Plant.During their three-day visit, starting Thursday, the lawmakers will seek meetings with officials from Tokyo Electric Power (TEPCO), residents, fishers and lawmakers in the northeastern region of Japan. They will also conduct on-site inspections near the crippled power plant. The DPK members are also planning to visit the Japanese Embassy in Seoul, Wednesday, to lodge complaints.The move comes in protest of the Yoon Suk Yeol administration's lack of response on the issue. The DPK has been criticizing the government for not taking s

Apr 2, 2023By Lee Hyo-jin
Opposition lawmakers consider visit to Fukushima Prefecture this week

Key figure in development corruption scandal to be tried starting this week

Kim Man-bae, the owner of the asset management company Hwacheon Daeyu, arrives at the Seoul Central District Court to attend a court review on his arrest warrant over a massive realty development corruption scandal, in this file photo taken Feb. 17. Korea Times fileA Seoul court is poised to kick off its trial of Kim Man-bae, the owner of an asset management firm at the center of a high-profile development corruption scandal, this week, legal sources said Sunday.The Seoul Central District Court plans to hold its first hearing of Kim, who has been additionally indicted on charges of concealing criminal proceeds from the lucrative urban development project, on Wednesday afternoon, they said.The case has grabbed keen public attention for months, especially as Lee Jae-myung, the leader of the main opposition Democratic Party, is potentially involved in it. The development project was launched in 2015 while he was the mayor of Seongnam, Gyeonggi Province.Prosecutors earlier indicted Kim, the largest shareholder of Hwacheon Daeyu Asset Management, with detention on charges of stashing a co

Apr 2, 2023
Key figure in development corruption scandal to be tried starting this week

President Yoon throws out ceremonial 1st pitch at KBO Opening Day game

President Yoon Suk Yeol, left, throws out the ceremonial first pitch before a Korea Baseball Organization opening day game between the NC Dinos and the Samsung Lions at Daegu Samsung Lions Park in Daegu, some 240 kilometers southeast of Seoul, April 1. YonhapPresident Yoon Suk Yeol threw out the ceremonial first pitch at a baseball game Saturday to mark the start of the new season.Yoon had the honor before a Korea Baseball Organization (KBO) opening day game between the NC Dinos and the home team Samsung Lions at Daegu Samsung Lions Park in Daegu, some 240 kilometers southeast of Seoul.Yoon, a former prosecutor, was based in Daegu from 2014 to 2016. He has described himself as a baseball fan and attended a Korean Series game in Seoul during his presidential campaign in November 2021.President Yoon Suk Yeol throws out the ceremonial first pitch before a Korea Baseball Organization opening day game between the NC Dinos and the Samsung Lions at Daegu Samsung Lions Park in Daegu, some 240 kilometers southeast of Seoul, April 1. YonhapYoon is the sixth president to throw the first pitch a

Apr 1, 2023
President Yoon throws out ceremonial 1st pitch at KBO Opening Day game
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