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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.

'Mount Geumgang tourism doesn't violate UN sanctions': Moon

President Moon Jae-in, fifth from left, delivers his opening speech at the start of a dinner meeting with Cheong Wa Dae press corps held in Nokjiwon at the presidential office, Friday. YonhapBy Kim Yoo-chul, Do Je-haeReopening Mount Geumgang tourism doesn't violate sanctions, President Moon Jae-in said Friday, adding his administration would pursue a new approach to make the joint inter-Korean project happen.“Regarding the Mount Geumgang tourism project, tourism itself doesn't violate the United Nations Security Council (UNSC) sanctions. But what matters is that the transfer of payment is something that would violate the economic sanctions,” President Moon said at the start of a dinner meeting with Cheong Wa Dae press corps held in Nokjiwon at the presidential office, according to press pool reports.Moon said the South Korean government would pursue a “new way” for an early resumption of the inter-Korean tour program. “Because of the ongoing UNSC sanctions, it's difficult to push forward with existing methods,” Moon said. Regarding the specifics of

Oct 25, 2019By Kim Yoo-chul
'Mount Geumgang tourism doesn't violate UN sanctions': Moon

Moon orders measures to promote fairness in college admissions

President Moon Jae-in speaks during a meeting with education-related ministers at the central government complex in Seoul, Friday. YonhapBy Do Je-haePresident Moon Jae-in convened a meeting with ministers in charge of education, Friday, to order an overhaul of the university admissions system at the central government complex in Gwanghwamun. It was the first time for Moon to preside over a meeting specifically on education since he took office in May 2017. The meeting, which was not included in the regular announcement of the President's weekly schedule last week, seems to have been arranged urgently after Moon's remarks on the issue at the National Assembly earlier this week raised some confusion among those in the education sector, as well as parents and students.“The people are desperately calling for the promotion of fairness in education. The government should take this to heart as our education system is facing a crisis from a lack of public trust. More people are feeling hopeless, believing that education has become a means to inherit one's parents' socioeconomic status,

Oct 25, 2019By Do Je-hae
Moon orders measures to promote fairness in college admissions

Judicial proceedings open for Cho's cousin

Former Justice Minister Cho Kuk's cousin is brought to a detention center after facing the prosecution's questioning at the Seoul Central District Court in southern Seoul, on Oct. 16. YonhapBy Kim Jae-heunThe Seoul Central District Court, Friday, held judicial proceedings to look into corruption allegations against former Justice Minister Cho Kuk's relative Cho Beom-dong, a person of interest in the scandal that involves the Cho family's suspicious investment in a private equity fund (PEF).It was held in preparation for a trial for the ex-minister's cousin, who is currently facing various charges including violation of the economic crime law. Cho Beom-dong has allegedly manipulated the stock price and embezzled the money of a company called Co-Link Private Equity. He did not appear at court as he was not required to do so. This is the second time the court held judicial proceedings for Cho Kuk's relatives. A pre-trial hearing for Chung Kyung-sim, wife of the former justice minister, was held last week Friday over charges of forgery of a private document.The cousin is said to be the d

Oct 25, 2019By Kim Jae-heun
Judicial proceedings open for Cho's cousin

EXCLUSIVE 'Moon-Abe summit should take place before GSOMIA ends'

Rep. Takeo Kawamura of the Liberal Democratic Party Korea Times fileBy Park Ji-wonTOKYO ― A senior Japanese ruling party lawmaker stressed the need for a summit between South Korean President Moon Jae-in and Japanese Prime Minister Shinzo Abe before the final ending of an intelligence-sharing pact. “In order to invite President Moon Jae-in to the 2020 Tokyo Olympics, it is important to have certain outcomes before the official cancellation of the General Security of Military Information Agreement (GSOMIA), which falls on Nov. 23. If President Moon holds his summit with Abe before Nov. 23, then that would be very substantial in terms of maintaining healthy bilateral relations,” Rep. Takeo Kawamura, a senior member of the Japan-South Korea Parliamentarians' Union and a member of Liberal Democratic Party of Japan (LDP), told The Korea Times in an exclusive interview at his Tokyo office, Thursday.His remark on the possible summit came a day after South Korean Prime Minister Lee Nak-yon agreed with Abe on the need to maintain communication channels to resolve the ongoing bilat

Oct 25, 2019By Park Ji-won
[EXCLUSIVE] 'Moon-Abe summit should take place before GSOMIA ends'
  • Compromise deal being discussed on forced labor row

Koreas to begin talks over Mount Geumgang

Unification Minister Kim Yeon-chul, left, briefs Yoon Sang-hyun, chairman of the National Assembly's Foreign and Unification Committee, at the Assembly, Friday. YonhapBy Kim Yoo-chulSouth Korea has accepted an offer from North Korea to discuss issues relating to the fate of South Korea-built buildings at Mount Geumgang in North Korea, after the North announced its plans to remove facilities there, Unification Minister Kim Yeon-chul said Friday.“The North sent a notice to the ministry about the Mount Geumgang issue and we accepted an offer of discussion,” Kim told Rep. Yoon Sang-hyun at the National Assembly, according to press pool reports. “As facilities in the resort area were built by a South Korean company, we have to explore ways how to protect intellectual properties.”Yoon is chairman of the Assembly's Foreign and Unification Committee.The unification minister added that his ministry was in close consultations with Hyundai Asan, the South Korean company that has exclusive rights to resort-related businesses at Mount Geumgang, to fine-tune strategies for

Oct 25, 2019By Kim Yoo-chul
Koreas to begin talks over Mount Geumgang
  • N. Korea wants discussions on removing S. Korean facilities at Mt. Geumgang

Compromise deal being discussed on forced labor row

Prime Minister Lee Nak-yon, left, shakes hands with Japanese Prime Minister Shinzo Abe, at the latter's residence in Tokyo on Oct. 24. YonhapBy Lee Min-hyung, Park Ji-wonSEOUL/TOKYO ― Japan offered “a couple ideas and suggestions” to South Korea for a possible compromise deal regarding compensation for wartime forced labor as one way to resolve the ongoing bilateral feud, South Korean Prime Minister Lee Nak-yon said Thursday. “Japan has made some suggestions (on ways to resolve the row), and it is untrue that Tokyo did nothing (to find the middle ground),” Lee told reporters upon arriving at Seoul Air Base in Seongnam, Gyeonggi Province. During his visit to Tokyo, the prime minister held a 21-minute talk with Japanese Prime Minister Shinzo Abe at Abe's office. They agreed to keep talking about their trade dispute and historical issues, though the meeting didn't produce any announcements. PM Lee declined to comment on the specific suggestions Japan offered to South Korea. Earlier reports said South Korea suggested the idea of creating a joint fund with the Sout

Oct 25, 2019By Lee Min-hyung
Compromise deal being discussed on forced labor row
  • EXCLUSIVE 'Moon-Abe summit should take place before GSOMIA ends'

Frozen food vending machine

Pulmuone officials test a frozen food vending machine installed at a share house in Gangnam-gu, Seoul, Friday. The food firm said the vending machine is able to showcase not only room temperature foods but also cold and frozen foods, thus offering more various choices for share house residents who prefer home meal replacements. Courtesy of Pulmuone

Oct 25, 2019By Nam Hyun-woo
Frozen food vending machine

South Korea decides to give up developing country status at WTO

Deputy Prime Minister and Finance Minister Hong Nam-ki addresses at the Seoul Government Complex, Friday, that South Korea has decided to give up its developing country status at the World Trade Organization. YonhapSouth Korea said Friday it has decided to give up its developing country status at the World Trade Organization in a concession to the United States over reform of the global trade body.The announcement came as U.S. President Donald Trump has been pushing to make sure that self-declared developing countries do not take advantage of special and differential treatment that come with the status.Trump had warned that the U.S. would no longer treat any WTO member that Washington says is not a developing country as one if no substantial progress were made in overhauling the rules of the Geneva-based trade body by mid-October.The U.S. has proposed that the WTO strip countries of developing country status if they meet certain criteria ― being members of the Group of 20 advanced economies, being members of the Organization for Economic Cooperation and Development, being high-income

Oct 25, 2019
South Korea decides to give up developing country status at WTO
  • Gov't hit for poor handling of WTO developing country status

Gunsan to establish EV hub

President Moon Jae-in speaks during a ceremony to launch an electric vehicle cluster in Gunsan, North Jeolla Province, Thursday. YonhapBy Do Je-hae President Moon Jae-in traveled to Gunsan, 200 km southwest of Seoul, Thursday, to announce his plan to establish a cluster for future cars to advance the regional economy. “Now, a new cluster of electric vehicles (EVs) is being created in Gunsan and Saemangeum. With an investment of 412.2 billion won by 2022, over 1,900 jobs are expected to be created,” Moon said during a signing ceremony at the Myungsin Press for the EV cluster, which will consist of five regional companies producing electric cars, buses, trucks and carts. Cheong Wa Dae explained that the plan is part of Moon's regional job creation model for the nation, after Gwangju, Miryang, Daegu, Gumi and Hoengseong, Gangwon Province. The Gunsan job model is aimed at reviving the regional economy, which has suffered in the wake of the closure of big companies formerly based in the region, such as GM and Hyundai Heavy Industries, which closed its Gunsan shipyard. After GM

Oct 24, 2019By Do Je-hae
Gunsan to establish EV hub

South Korea, Japan agree to mend frayed ties

Prime Minister Lee Nak-yon, left, shakes hands with Japanese Prime Minister Shinzo Abe before their summit in the latter's official residence in Toyko, Thursday. Korea Times photo by Choi Won-sukBy Park Ji-wonTOKYO ― Prime Minister Lee Nak-yon and Japanese Prime Minister concurred Thursday on the need for Seoul and Tokyo to improve their deteriorated relations. During a meeting at Abe's official residence in Tokyo, Thursday, the two agreed to continue dialogue in order to prevent bilateral relations from worsening. But they failed to reach an agreement on specific issues including wartime forced labor during the Japanese occupation of Korea. A senior South Korean government official said that as Abe has expressed his willingness to improve relations via open dialogue, there is the possibility of a summit between him and President Moon Jae-in on the sidelines of next month's APEC gathering in Chile.“We don't want to rule out the possibility of President Moon having a summit with Abe next month. Before this can happen, however, there are lots of issues to be addressed and touched

Oct 24, 2019By Park Ji-won
South Korea, Japan agree to mend frayed ties
  • US urges S. Korea to renew GSOMIA with Japan: Pentagon
  • 'Moon-Abe summit possible at APEC'
  • PHOTOS PM teaches Japanese Korean
  • US steps up pressure to restore GSOMIA
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