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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.

SK Inc.'s advanced materials sales surpass $758 million in 3Q

SK Group Chairman Chey Tae-won speaks during a SK Night event held in Washington on Sept. 21. Courtesy of SK GroupBy Kim Jae-heunSK Inc.'s consolidated sales in the advanced materials business sector exceeded 1 trillion won ($758.2 million) for the first time in the third quarter, the company notified on its official website, Monday. It is a notable achievement that analysts attribute to the company's competitive profit structure amid its sluggish performance in the frontline semiconductor business. According to the company, its sales and operating profit in the advanced material business between July and September, this year, marked 1.02 trillion won and 259 billion won, respectively. The company's revenue and profit both soared 31 percent and 62 percent, respectively, year-on-year. This result includes the business performances of SK Siltron, a semiconductor wafer producer under SK Inc.'s Advanced Materials Investment Center, and SK Materials, a semiconductor and display material company. SK Siltron's sales in the third quarter of this year showed 630 billion won, up by 32 per

Nov 15, 2022
SK Inc.'s advanced materials sales surpass $758 million in 3Q

Opposition leader's 'right-hand man' questioned over bribery, corruption charges

This photo shows Jeong Jin-sang, a vice chief of staff to the Democratic Party of Korea Chair Lee Jae-myung. Korea Times fileProsecutors questioned one of opposition leader Lee Jae-myung's closest confidants Tuesday over bribery and corruption charges connected to a high-profile real estate development scandal, officials said. Jeong Jin-sang, a vice chief of staff to Democratic Party of Korea (DPK) Chairman Lee, who is also known as Lee's "right-hand man," appeared at the Seoul Central District Prosecutors Office in southern Seoul to face questioning. Reporters were not able to cover Jeong's arrival as he reportedly asked his appearance to be private.The questioning suggests the investigation is closing in on Lee.Jeong is accused of having received nearly 140 million won ($105,788) from real estate developers at the center of the high-profile property development corruption scandal in the Daejang-dong district of Seongnam, just south of Seoul, between 2013 and 2020 in return for business favors.Jeong had served as a senior policy secretary to Lee while he served as the Seongnam mayor

Nov 15, 2022
Opposition leader's 'right-hand man' questioned over bribery, corruption charges

Yoon, China's Xi to hold first summit in Bali

This compilation image shows President Yoon Suk-yeol, left, and a file photo of Chinese President Xi Jinping provided by Xinhua. YonhapPresident Yoon Suk-yeol will hold his first summit with Chinese President Xi Jinping in Bali on Tuesday, his office said, with North Korea certain to dominate the talks amid concern it could conduct another nuclear test.The two leaders will meet at 5 p.m. (local time) on the sidelines of a Group of 20 summit. Xi told Yoon during a brief encounter ahead of a G20 session that he looks forward to their summit, and Yoon thanked Xi for sending his congratulations on Yoon's election in March, according to deputy presidential spokesperson Lee Jae-myoung.The summit will come on the heels of a separate meeting between U.S. President Joe Biden and Xi the previous day. Biden told reporters afterward that he told Xi he thought China had an obligation to try to make it clear to North Korea it should not go ahead with what would be its seventh nuclear test and that the United States would have to "take certain actions that would be more defensive" in the event the

Nov 15, 2022
Yoon, China's Xi to hold first summit in Bali

'Audrey Hepburn cosplay'? Opposition alleges Korea's first lady copied British actress

In the photo on the left, South Korea's first lady Kim Keon-hee holds a Cambodian child suffering from heart disease during her visit to the boy's home in Phnom Penh, Saturday. In the photo on the right, actress Audrey Hepburn holds a child during her visit to a UNICEF-assisted feeding center in Baidoa, Somalia, in 1992. Courtesy of presidential office, captured from UNICEF FacebookBy Nam Hyun-wooFirst lady Kim Keon-hee is back under the microscope on Monday, this time for her charity work during President Yoon Suk-yeol's visit to Cambodia for the Association of Southeast Asian Nations summit. She was photographed holding a boy suffering from a congenital heart disease, and some opposition politicians are claiming that she tried to imitate an image of “Roman Holiday” star Audrey Hepburn in war-torn Somalia back in 1992.According to the presidential office, Kim, who is accompanying President Yoon Suk-yeol on his trip to Cambodia and Indonesia, visited the child's home on Saturday. Kim was supposed to meet the boy a day earlier when she visited Hebron Medical Center in Phno

Nov 14, 2022By Nam Hyun-woo
'Audrey Hepburn cosplay'? Opposition alleges Korea's first lady copied British actress

ANALYSIS At G20, Yoon seeks to boost cooperation with US, Japan to rein in NK threats

President Yoon Suk-yeol holds a trilateral meeting with U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida in Phnom Penh, Cambodia, Nov. 13. Reuters-YonhapYoon-Biden-Kishida talks to help Seoul engage in major diplomatic initiatives By Kim Yoo-chulA few days after the end of large-scale aerial drills by the United States and South Korean forces, President Yoon Suk-yeol is seeking to tip the balance of regional diplomacy toward the U.S. and Japan over China in a bid to contain North Korea's growing nuclear threats.There were no specific deliverables from Yoon's in-person meetings with Japanese Prime Minister Fumio Kishida and U.S. President Joe Biden on the sidelines of their participation in a summit of the G20 gathering of countries in Bali, the resort island in Indonesia.Yoon agreed with Kishida to continue talks for an early resolution of key pending issues, but the South Korean presidential office did not add any details about how and when. Yoon and Biden once again reaffirmed their firm commitment to the complete denuclearization of the Korean Peninsula in accord

Nov 14, 2022By Kim Yoo-chul
[ANALYSIS] At G20, Yoon seeks to boost cooperation with US, Japan to rein in NK threats

DPK leader raps interior minister over 'unpardonable slur' over Itaewon tragedy

Interior and Safety Minister Lee Sang-min attends a plenary session of the parliamentary steering committee at the National Assembly in Seoul, Nov. 8. YonhapOpposition leader Lee Jae-myung slammed Interior Minister Lee Sang-min on Monday over what he called an "unpardonable slur" the minister made over his responsibility for the Itaewon crowd crush, further increasing pressure on him to resign.The minister came under fire after he said in a recent media interview that he wanted to "throw his resignation in a fancy manner" amid mounting pressure to resign as minister in charge of public safety, but resigning is not an attitude a responsible person can take."The minister's 'fancy' remark goes beyond a level embarrassing to hear. It is an unpardonable slur," Rep. Lee of the main opposition Democratic Party of Korea (DPK) told the party's Supreme Council meeting. "It is truly astonishing he can make such an expression in front of the site where so many people lost their lives."Lee said it should be a matter of course to fire the minister.Main opposition Democratic Party of Korea leader L

Nov 14, 2022
DPK leader raps interior minister over 'unpardonable slur' over Itaewon tragedy

Prosecutors to grill opposition leader's 'right-hand man' over corruption allegations

Lee Jae-myung, center, leader of the main opposition Democratic Party of Korea, bangs the gavel to open a meeting of the party's Supreme Council at the National Assembly in Seoul, Nov. 14. YonhapA ranking Democratic Party of Korea (DPK) official, nicknamed the "right-hand man" of opposition leader Lee Jae-myung, has been asked to appear before prosecutors later this week to face questioning about his corruption allegations, judicial officials said Monday.Jeong Jin-sang, a vice chief of staff to DPK Chairman Lee, will be summoned as a criminal suspect to the Seoul Central District Prosecutors Office in southern Seoul on Tuesday, they said. He was initially asked to appear before prosecutors last Friday but requested the schedule be delayed.Jeong is accused of having received nearly 140 million won ($106,100) from real estate developers at the center of a high-profile property development corruption scandal in the Daejang-dong district of Seongnam, just south of Seoul, between 2013 and 2020 in return for offering business favors.Jeong had served as a senior policy secretary to Lee whil

Nov 14, 2022
Prosecutors to grill opposition leader's 'right-hand man' over corruption allegations

First lady meets with hospital officials to discuss treatment for Cambodian child

First lady Kim Keon-hee, right, receives a cross from Lee Young-don, chief of Hebron Medical Center at the hospital in Phnom Penh in this photo provided by the presidential office, Nov. 13. YonhapFirst lady Kim Keon-hee revisited a hospital in Phnom Penh to discuss ways to provide treatment for a Cambodian child with a congenital heart disease, the presidential office said Monday.Kim returned to Hebron Medical Center, which was established by a Korean pediatrician and remains largely run by Korean medical professionals, on Sunday, two days after her first visit and hours before departing for Indonesia on the second leg of her regional tour with President Yoon Suk-yeol.The second visit came after Kim visited the home of a Cambodian child, 14-year-old Ratha, who underwent heart surgery at the hospital, and learned that the family had little means to pay for his second surgery because the father died before he was born and the mother is unhealthy, leaving him in the care of his sister-in-law who works as a cleaner.The hospital's chief, Lee Young-don, told the first lady that a longtime

Nov 14, 2022
First lady meets with hospital officials to discuss treatment for Cambodian child
  • Yoon arrives in Indonesia for G-20 summit

Yoon arrives in Indonesia for G-20 summit

President Yoon Suk-yeol and first lady Kim Keon-hee arrive at Ngurah Rai International Airport in Bali, Indonesia, Nov. 13. YonhapPresident Yoon Suk-yeol arrived in Bali, Indonesia, late on Sunday for a two-day visit that will include his attendance at a Group of 20 (G-20) summit and various business events.In Bali, Yoon will continue his two-nation tour that took him first to Phnom Penh, Cambodia, for summits involving the Association of Southeast Asian Nations, and separate summits with the leaders of the United States, Japan, Cambodia, Thailand and the Philippines.On Monday, Yoon will take part in a Korea-Indonesia business roundtable and a B20 summit involving businesses from the G-20 nations.On Tuesday, he will attend the first day of the G-20 summit, and give speeches at one session on food, energy, and security, and another on health.There is speculation Yoon could meet for the first time with Chinese President Xi Jinping on the events' sidelines.Yoon is scheduled to depart Bali late Tuesday and return to Seoul early Wednesday. (Yonhap)

Nov 14, 2022
Yoon arrives in Indonesia for G-20 summit
  • First lady meets with hospital officials to discuss treatment for Cambodian child

Yoon says NK denuclearization is precondition for peaceful Indo-Pacific

President Yoon Suk-yeol attends an East Asia Summit in Phnom Penh, Nov. 13. YonhapPresident Yoon Suk-yeol said Sunday that North Korea's denuclearization is a precondition for peace in the Indo-Pacific region and that South Korea remains prepared to provide unsparing assistance should the North decide to denuclearize.Yoon made the remarks during an East Asia Summit in Phnom Penh, which brought together the leaders of member states of the Association of Southeast Asian Nations and eight dialogue partners, including South Korea, the United States, Japan and China."President Yoon said North Korea's denuclearization must come first for a peaceful Indo-Pacific, and that should North Korea launch another intercontinental ballistic missile or stage a nuclear test despite the repeated concerns and warnings of the international community, the international community should respond firmly," his office said in a press release."At the same time, he said the door to dialogue with North Korea is always open and reaffirmed that should North Korea take steps to denuclearize, we will provide unsparin

Nov 13, 2022
Yoon says NK denuclearization is precondition for peaceful Indo-Pacific
  • Yoon, Biden, Kishida agree to strengthen deterrence against N. Korea
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