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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.

Biden presidency to bring opportunities for Korea's diplomacy

President Moon Jae-in, left, and Trade Minister Yoo Myung-hee take part in a virtual signing ceremony of the RCEP, the world's largest FTA, on Nov.15, at Cheong Wa Dae. Experts note that Korea is well positioned to serve as a catalyst for dialogue with its rising status as a middle power and an active player in multilateral trade and diplomacy. Courtesy of Cheong Wa Dae US President-elect expected to pursue 'balanced relation' with ChinaBy Do Je-hae The presidency of U.S. President-elect Joe Biden will bring meaningful opportunities for Korea's diplomacy, as the former vice president is expected to pursue “balanced relations” with China, according to Zhao Ma, a U.S.-based expert on U.S.-China relations, Friday.The change in the U.S. administration, in his view, will create a better environment for South Korea to play a greater role as a mediator on various issues surrounding the Korean Peninsula. Ma's view came as Chinese State Councilor and Foreign Minister Wang Yi

Nov 27, 2020By Do Je-hae
Biden presidency to bring opportunities for Korea's diplomacy
  • 'Koreas should control their peninsula's fate': Chinese Foreign Minister

Lotte affiliates support underprivileged

Members of Lotte World's Charlotte volunteer team make Braille word cards for visually impaired children, marking “White Cane Safety Day” on Oct. 15. / Courtesy of Lotte GroupLotte Group is engaging in a diverse range of activities to ensure the conglomerate upholds its corporate social responsibility.Its holding company Lotte opened a book cafe at the Air Force 8195 unit in the county of Gunwi, North Gyeongsang Province, earlier this month. It was set up to provide those in the military with a space where they can read and relax, as the area lacks such facilities, given its mountain location. Lotte's affiliates have also been carrying out activities to provide support to those in need.Lotte Foundation has provided job-seeking college students with a variety of programs, as students face difficulties in a tough job market amid COVID-19.The foundation has offered videos on YouTube, where instructors provide tips on how to apply to companies and others that introduce Lotte's affiliates and what kind of work they require. The videos also featured startup CEOs, to provide inf

Nov 27, 2020
Lotte affiliates support underprivileged

Will Samsung Life face FSS's punitive measures?

Samsung Life Insurance is facing Financial Supervisory Service scrutiny. / Korea Times file By Anna J. ParkThe country's financial watchdog plans to hold another round of committee meetings on Dec. 3 to decide on measures against Samsung Life over allegations the insurer did not appropriately pay cancer patients' hospice charges and on separate allegations that it violated restrictions on major shareholders.The Financial Supervisory Service (FSS) held a sanctions review committee meeting on Nov. 26, from 2 p.m. to the late evening, but failed to reach a conclusion on the day. “The FSS's sanctions review committee continued until late in the evening, listening to statements from Samsung Life's related officials and legal representatives,” the FSS said in a text message to reporters late Thursday. “But due to a lack of time, Thursday's meeting was ended and the FSS will resume the meeting on Dec. 3 for further deliberation.” The committee is scrutinizing allegations S

Nov 27, 2020By Anna J. Park
Will Samsung Life face FSS's punitive measures?

Moon launches presidential committee on carbon-neutral campaign

A special strategic meeting at Cheong Wa Dae on Friday, presided by South Korean President Moon Jae-in, announced a presidential order to launch a pan-governmental “2050 Carbon Neutrality Committee” to meet the national goal of lowering the country's carbon emission to zero by 2050. At the backdrop is a banner that reads “2050 Before Too Late.” YonhapSouth Korean President Moon Jae-in speaks during the Friday's Cheong Wa Dae meeting. YonhapPresident Moon Jae-in announced a plan Friday to establish a presidential body on South Korea's stated goal of going carbon neutral by 2050 as part of a "strong pan-governmental system" to push for the vision.He said the envisioned government-private organization, tentatively named the "2050 Carbon Neutrality Committee," is meant to implement the policy speedily.The government will also seek to create a new vice-ministerial position to be in charge of energy policy at the Ministry of Trade, Industry and Energy, the president added.He was speaking at an interagency meeting on drawing up carbon-neutral strategies, joined by th

Nov 27, 2020
Moon launches presidential committee on carbon-neutral campaign

Which Korean companies lead in gender equality?

By Kim Bo-eun gettyimagesbank Consumer goods and IT companies, and foreign financial firms all had superior scores regarding gender equality, according to ratings by corporate tracker CEO Score and Women in Innovation, a corporate body fostering female leaders. Korea's top 500 companies were rated in terms of gender ratios in employment and executives, pay discrepancies, and on programs fostering female employees.The top 10 were: Naver, Amorepacific, Youngone Corporation, Kakao, Citibank Korea, Hanmi Pharmaceutical, Hansae Fashion Worldwide, CJ CGV, LF and Standard Chartered Bank Korea.Consumer goods companies accounted for four of the top 10 spots, followed by services industry firms with three.Women made up 25 percent or more of mid- and senior-level managerial positions at these companies. They also had mentoring programs to foster female executives, or a committee to organize events for female employees. The companies also had superior welfare benefits regarding c

Nov 27, 2020By Kim Yoo-chul
Which Korean companies lead in gender equality?

NSC reviews COVID-19 situation, regional cooperation on infectious diseases

A street in Hongdae, one of the busiest entertainment districts in Seoul, is nearly empty, Thursday, as COVID-19 spread continues across the country and the government enforced tougher social distancing rules. YonhapSouth Korea's top national security officials on Thursday reviewed the new coronavirus situation and President Moon Jae-in's earlier proposal to establish regional cooperation on infectious diseases involving North Korea, Cheong Wa Dae said. The members of the National Security Council's standing committee checked the country's responses to the resurgent COVID-19 and vowed to take necessary measures to stem its spread, according to the presidential office. They also discussed how to push for Moon's proposal to launch a "Northeast Asia Cooperation Initiative" for infectious disease control and public health, involving the two Koreas, China, Japan, and Mongolia. Moon made the suggestion in September in his address to the United Nations General Assembly.The officials also reviewed the military's war remains excavation work inside the Demilitarized Zone (DMZ) and decided to c

Nov 26, 2020
NSC reviews COVID-19 situation, regional cooperation on infectious diseases

Wang Yi's visit shows rising strategic importance of Korea for Beijing

President Moon Jae-in, right, greets Chinese State Councilor and Foreign Minister Wang Yi during a meeting at Cheong Wa Dae, Thursday. YonhapKorea, China working to improve conditions for Xi's visit By Do Je-hae Korea and China agreed to strengthen ties ahead of the 2022 30th anniversary of their opening of diplomatic relations and cooperate further on bilateral issues of concern such as the COVID-19 pandemic, and denuclearization of the Korean Peninsula during a visit to Seoul by Chinese State Councilor and Foreign Minister Wang Yi. But the highly anticipated visit by the foreign minister did not bring much headway with regard to Chinese President Xi Jingping's reciprocal visit to Korea. The Chinese minister arrived in Seoul late Wednesday to meet with President Moon Jae-in and officials in charge of security and diplomacy, after a two-day visit to Japan where he met with new Prime Minister Yoshihide Suga. President Moon underlined China's role in moves to achieve peace on the Korean Peninsula during his meeting with Wang at Cheong Wa Dae, Thursday. “In particular, I would lik

Nov 26, 2020By Do Je-hae
Wang Yi's visit shows rising strategic importance of Korea for Beijing

Prosecutors protest justice minister's suspension of top prosecutor from duty

A banner with a message supporting Prosecutor General Yoon Seok-youl stands in front of the Supreme Prosecutors' Office in southern Seoul, Thursday, two days after Justice Minister Choo Mi-ae ordered his suspension from duty and took steps to discipline him over alleged interference in sensitive investigations. YonhapBy Jung Da-minProsecutors are protesting Justice Minister Choo Mi-ae's ordering of the suspension from duty of Prosecutor General Yoon Seok-youl and her attempts to discipline him over alleged interference in sensitive investigations, saying the move went against the principle of guaranteeing the political neutrality and independence of the prosecution.The heads of the six high prosecutors' offices in Seoul, Daejeon, Daegu, Busan, Gwangju and Suwon have all expressed such concerns in a statement which Daegu office chief prosecutor Jang Young-soo uploaded on the prosecution's intranet, Thursday, on behalf of the six.“Based on historical experience, the prosecutor general's term of office is a legal device to block political pressure from outside and secure the indep

Nov 26, 2020
Prosecutors protest justice minister's suspension of top prosecutor from duty

Chief prosecutor seeks injunction against justice minister's order to suspend him

Prosecutor General Yoon Seok-youl / Korea Times fileThe prosecution chief sought an injunction Wednesday against the justice minister's move to suspend and discipline him over allegations of interference in sensitive investigations, his lawyer said.Prosecutor General Yoon Seok-youl filed the request with the Seoul Administrative Court online, seeking to halt the execution of Justice Minister Choo Mi-ae's order to suspend him from his duty, attorney Lee Wan-kyu said. Yoon will also lodge a formal lawsuit on Thursday to nullify the measure, he added. Choo issued the order Tuesday while seeking a disciplinary measure against Yoon, citing six counts of alleged misdeeds and power abuses. The two have been at loggerheads over prosecution reforms and a raft of controversial cases, including those involving politicians and Yoon's relatives.Two groups of prosecutors, in Seoul and Busan, issued statements Wednesday in protest of what they called Choo's "illegal and unjust" measure. "Justice Minister Choo's action seriously undermines the rule of law and violates the independence of the prosecu

Nov 26, 2020
Chief prosecutor seeks injunction against justice minister's order to suspend him
  • Parties divided over Choo-Yoon conflict

Winners of Korea Times-APLN Essay Contest

The Korea Times and the Asia-Pacific Leadership Network for Nuclear Non-Proliferation and Disarmament (APLN) announced the winners of the first Korea Times―APLN Essay Contest, Tuesday. They are, from left, Ministry of Foreign Affairs Award winner Yoo Dong-suk, The Korea Times Award winner Alexander M. Hynd and Asia-Pacific Leadership Network Award winner Cho Fiona Hye-min. Courtesy of Yoo Dong-suk, Alexander M. Hynd, Cho Fiona Hye-minThe Korea Times is pleased to announce the winners of the first Korea Times-Asia-Pacific Leadership Network for Nuclear Non-Proliferation and Disarmament (APLN) Essay Contest for graduate and undergraduate students writing on the theme of “Youth, Disarmament and Peace in the Asia-Pacific Region.”Yoo Dong-suk, a student at the Middlebury Institute of International Studies in Monterey, the U.S., won the Ministry of Foreign Affairs Award. Alexander M. Hynd at University of New South Wales Sydney won The Korea Times Award, while Cho Fiona Hye-min at Ewha Womans University won The Asia-Pacific Leadership Network Award. Yoo will receive 2 million w

Nov 26, 2020By Kim Rahn
Winners of Korea Times-APLN Essay Contest
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