• MDCP Holds 9th Operating Committee Meeting

    The 9th Operating Committee meeting of theMulti-agency Donor Coordination Platform for Ukraine (MDCP) took place in Kyiv, Ukraine, on April 10. The meeting was attended by Kang Seok-hee, South Korea’s government representative supporting Ukraine’s reconstruction efforts. This was the first in-person meeting since South Korea joined the MDCP in February 2023.  Major donor countries and institutions at the meeting expressed their unwavering support for Ukraine’s reconstruction and recovery efforts. They issued a joint statement outlining financial support direction for Ukraine for 2024-25. The statement emphasized contributions to Ukraine’s urgent recovery needs in 2024, such as protecting energy infrastructure and securing alternative power sources. Countries also agreed to launch a Business Advisory Council, composed of private enterprises, at the upcoming Ukraine Recovery Conference in Berlin in June 2024.  Attendees praised Ukraine’s commitment to reforms and efforts to secure sustainable economic growth. They highlighted the importance of enhancing the effectiveness of international support and expanding the participation of the private sector in the reconstruction and recovery process.  South Korea reiterated its commitment to supporting Ukraine through humanitarian aid and long-term reconstruction in areas such as infrastructure, healthcare, and education. This support aligns with the 'Ukraine Peace Solidarity Initiative' announced during President Yoon Seok-yeol's visit to Ukraine in July 2022.  The next MDCP Operating Committee meeting is scheduled to take place in Berlin in June during the Ukraine Recovery Conference.

• ASEAN-ROK Dialogue: Strengthening Partnerships and Addressing Regional Challenges

    The annual Deputy Ministerial Meeting between Korea and ASEAN countries, known as the 'ASEAN-ROK Dialogue,' convened on April 4th to assess the current state of cooperation and discuss future directions. This year marked the 35th anniversary of establishing the ASEAN-ROK dialogue relations, underscoring the significance of the occasion.    The dialogue aimed to establish the Comprehensive Strategic Partnership (CSP), representing the highest level of partnership between Korea and ASEAN. It provided a platform to review the current state of Korean-ASEAN cooperation, exchange views on future development directions, and discuss regional and international situations.    In the opening remarks, Deputy Minister Chung Byung-won emphasized the importance of strengthening relations with ASEAN and the full-scale implementation of the Korean-ASEAN Solidarity Initiative (KASI). He highlighted strategic coordination, digital transformation, and climate change response as key areas for mutual cooperation.    The Deputy Minister elaborated on how the Korean-ASEAN Solidarity Initiative contributes to ASEAN's goal of building three pillars of community by 2025. He emphasized the need to expand cooperation in future industries such as digital technology, electric vehicles, and smart cities to enhance supply chain stability and resilience.    Participants also exchanged views on major regional and international issues, including the situation on the Korean Peninsula, developments in the South China Sea, the issue of Myanmar, the Israel-Hamas conflict, and the war in Ukraine.    ASEAN reaffirmed its support for Korea's North Korea policy, including its ‘Audacious Initiative.’ The dialogue concluded with a renewed commitment to strengthen partnerships and address regional challenges, underscoring the importance of cooperation between Korea and ASEAN in promoting peace, stability, and prosperity in the region.    Overall, the ASEAN-ROK Dialogue provided a valuable opportunity for both sides to deepen cooperation, enhance mutual understanding, and address shared challenges in the years ahead.  

• Convening the 3rd summit for democracy

    On March 18, 2024, the Korean government, alongside the governments of the United Kingdom, Ecuador, and the United States, co-hosted the Third Democracy Summit Ministerial Meeting in Seoul. Focused on the theme of 'AI/Digital Technology and Democracy,' the summit aimed to address the evolving intersection of technological innovation and democratic principles.  The Ministerial Meeting marked the initiation of the Third Democracy Summit, which spanned three days from March 18 to March 20, and drew over 400 participants. Among them were approximately 30 government officials at the ministerial and vice-ministerial level, representatives from diplomatic corps stationed in Korea, as well as individuals from civil society, industry, and academia.  In the welcoming remarks, President Yoon Suk-yeol underscored the pivotal role of democracy in Korea's journey, rooted in universal values such as freedom, human rights, and the rule of law. He expressed Korea's commitment to sharing its democratic development experience with the global community through the Summit.  Foreign Minister Cho Tae-yeol, in his opening speech, highlighted the significance of technological innovation amid global democratic challenges. He emphasized the intertwined nature of artificial intelligence, digital technology, and democracy, acknowledging both the opportunities and challenges.  Throughout the Ministerial Meeting, representatives from participating governments emphasized the imperative for democratic nations to exchange policies and experiences concerning digital technology's impact on democracy. They stressed the need for collaborative efforts to harness the benefits of digital innovation while safeguarding democratic values.   The meeting facilitated comprehensive discussions on the implications of rapidly advancing artificial intelligence and digital technology for future generations' democracy. It served as a platform for fostering international consensus on the responsible use of emerging technologies in alignment with democratic principles.  

• Enhancing International Cooperation for Research on Emerging Infectious Disease Response among Korea, U.S., and Japan

      The Korea Centers for Disease Control and Prevention (KCDC) and the National Institute of Health (NIH), under the leadership of Director Park Hyun-young and Director Jang Hee-chang respectively, have announced the forthcoming 2024 International Conference on Emerging Infectious Diseases in the Pacific Rim (EID). Scheduled to take place from March 5th to 8th, the event will span four days and will be hosted at the Grand Hyatt Incheon Hotel.    This collaborative effort is spearheaded by the National Institute of Allergy and Infectious Diseases (NIAID) of the United States, in partnership with the Japan Agency for Medical Research and Development (AMED) and the Korea National Institute of Infectious Diseases (NIID). Additionally, the International Vaccine Institute (IVI) will participate as a partner institution.   The conference will commence with welcoming remarks from Director General Ji Young-mi of the KCDC, Dr. Diane Griffin, a Professor at the Johns Hopkins Bloomberg School of Public Health, and Dr. Hiroshi Kiyono from Chiba University. The overarching theme of the conference will revolve around "Rapid Emergence of Pathogens Due to Climate Change and Pandemic Preparedness."    As an integral part of the event, the NIID will organize the 2nd International Symposium for Infectious Diseases Research Institutes Cooperation (IDRIC) on March 8th, aimed at bolstering collaboration among domestic and international research institutions.    Under the theme "Current Status and Rapid Development Strategies for Vaccine and Therapeutics Development against Pandemic Preparedness," IDRIC will feature discussions focusing on the development of vaccines and treatments in response to the "Government-wide Mid-to-Long-Term Plan for Preparedness against Emerging Infectious Diseases."    Director Jang Hee-chang of the NIID expressed, "We plan to enhance close cooperation with domestic and international institutions and companies by developing treatments and vaccines for emerging infectious diseases in cooperation with the United States, Japan, and others, and upgrading infrastructure, such as establishing a national advanced vaccine development center."    

• Deputy Minister Im Sang-joon Represents South Korea at 6th United Nations Environment Assembly

  The Ministry of Environment has announced that Deputy Minister Im Sang-joon participated in the '6th United Nations Environment Assembly' held in Nairobi, Kenya, from February 29th to March 1st. He represented the South Korean government, engaging in discussions aimed at enhancing multilateral cooperation to tackle global environmental crises.  The United Nations Environment Assembly, convened biennially in Nairobi, Kenya, serves as a platform where ministers and deputy ministers from UN member countries convene to deliberate on the United Nations Environment Programme's (UNEP) work plans, budgets, and adopt resolutions and declarations, making it the highest-level environmental conference.  The focus of the 6th United Nations Environment Assembly centered on "Effective, Comprehensive, and Sustainable Multilateral Action for Climate Change, Loss of Biodiversity, and Environmental Pollution (including air and plastic pollution)." Representatives from over 190 countries attended, including Inger Andersen, the Executive Director of the United Nations Environment Programme, as well as representatives from civil society and non-governmental organizations.  Deputy Minister Im Sang-joon emphasized concrete measures to address environmental crises through national statements. He underscored South Korea's role as a 'green ladder' to effectively deliver resources to developing countries in combatting climate change. Furthermore, he urged UN member countries to expedite the conclusion of the plastic agreement within the year to tackle the plastic crisis.  Moreover, South Korea contributed to the adoption of a resolution proposed by the United States to enhance global air quality by participating as a co-sponsor. This contribution underscores the nation's commitment to multinational efforts aimed at addressing air pollution.   Deputy Ministerstated, "We must act to become the change we envision," and added, "South Korea will continue to play a central role as a pivotal country leading global changes to address climate change, loss of biodiversity, and air and plastic pollution."  

• The 7th ROK-UN Office for the Coordination of Humanitarian AffairsPolicy Consultation

  The Ministry of Foreign Affairs recently convened the 7th ROK-OCHA Policy Consultation in New York in collaboration with the United Nations Office for the Coordination of Humanitarian Affairs (OCHA) on February 16th. The meeting saw the participation of Director Won Do-yeon from the Development Cooperation Bureau representing South Korea, alongside Ms. Joyce Msuya, Deputy Executive Director of OCHA, who served as the senior representative.    During the meeting, both parties engaged in discussions highlighting the pivotal role of OCHA's coordination capacity amidst escalating global humanitarian crises attributed to conflicts and climate change. Emphasis was placed on exploring tangible cooperation measures aimed at effectively addressing humanitarian crises. Moreover, strategic cooperation plans between South Korea and OCHA were deliberated upon, particularly in light of South Korea's forthcoming assumption of the presidency of the UN Security Council's non-permanent member for the 2024-2025 term, with a focal point on humanitarian assistance.    Director Won underscored the imperative of realizing the vision of a globally pivotal state and contributing substantially to the international community in alignment with South Korea's status and prestige. He elaborated on the comprehensive review of strategic cooperation relations with major humanitarian organizations, including OCHA, aimed at enhancing the efficacy of humanitarian assistance efforts.    Deputy Executive Director Ms. Msuya commended the South Korean government's endeavors in bolstering humanitarian assistance amid unprecedented humanitarian crises. She highlighted the progressing cooperation between ROK and OCHA.    Furthermore, discussions encompassed humanitarian situations and future prospects globally, with a focus on regions such as Ukraine, Myanmar, and Sudan. Various cooperation measures in disaster response were explored, alongside an agreement to collaborate on expanding the involvement of South Korean experts in OCHA and augmenting the visibility of South Korea's contributions.

• Streptococcal Toxic Shock Syndrome (STSS): All You Need to Know

        [Leaders Times] Streptococcal Toxic Shock Syndrome (STSS)      ∨ Invasive infection by Group A strep bacteria can cause STSS when they spread into the body.      ∨ According to the Centers for Disease Control and Prevention (CDC), the mortality rate for STSS is around 30~70%.     ∨ Recommend medical care to high-risk groups (adults 65 years old or older, diabetic patients, etc.) if they have possible symptoms, such as fever, rash, hypotension, etc.      ∨ Infection prevention (washing hands and cough etiquette) is essential.    ㆍ High-risk groups:    - Adults 65 years old or older     - Diabetic patient     - Case that injury caused by recent surgery     - Viral infection, which can occur in exposed wounds (Varicella)     - Alcoholism   ㆍPossible symptoms:     - High fever and Rash    - Hypotension (Low blood pressure)     - Tachypnea (Rapid breathing) and Dyspnea (Shortness of breath)     - Muscle aches    - Surgical site infections     - Edema      Symptoms, route of infections, and treatments   ㆍSign and symptoms:     - Early signs and symptoms: mild symptoms, such as sore throat, like influenza (flu) in the early      - STSS can develop into high fever, rash, Hypotension, Dyspnea, Necrotizing fasciitis, and multiple organ dysfunction syndrome       · Route of infection:    - Infection through mucous membrane and the part of wound     - Coughs and sneezes (respiratory droplets) spread viral infection.          · Treatment and vaccine:    - There are no vaccines for STSS    - Quick treatment at a medical facility is necessary when possible symptoms* come out     * High fever, Rash, Hypotension, Muscle aches, Surgical site infections, Edema, etc.      Prevent STSS  · Practice cough etiquette · Wash hands often   · Do not touch your eyes, nose, and mouth with unwashed hands  · Clean and cover wounds with a clean bandage  · See a doctor when possible symptoms occur  * (Suspicious symptoms) High fever, Rash, Hypotension, Muscle aches, Surgical site infections, Edema, etc.  · Recommendation of vaccination for Varicella and Influenza   *  Risk infections of Group A strep bacteria can increase because of infection of Varicella and Influenza           ※ Streptococcal Toxic Shock Syndrome (STSS) is not defined as a legal infectious disease in Korea, but a medical facility operates sentinel surveillance through △ Epidemiological surveillance for patients with scarlet fever and △ Monitors acute respiratory infections (AirNet)!  

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  2024-04-01

• How is the blossoming season predicted in spring?

        [Leaders Times] Pretty spring flowers!     How is the blossom season predicted in spring?   Climate change instigates flowers blooming even earlier.     Daily articles report the blossom season appearing earlier than in the past century. How can we anticipate the blooming of flowers, which vary depending on each region, town, or avenue? And why is flowering influenced by climate change?    Temperature and photoperiod are necessary for blooming.   According to one study, plants recognize seasonal change, which is affected by temperature and photoperiod (the length of light), and flowers bloom when they get the best conditions for flowering. So, diverse services announce the blossom season, except for the weather service after examining the highest temperature and the blooming day.  ※ The weather service does announce the fluorescence of flowers; they do not predict the blossom season. Services such as forest service and private weather services were provided starting in 2016.    What was the standard of the past blossoming day?    Weather services make seasonal observations that identify the progress of climate change through observation, analysis, and estimation of the sample tree. They have recorded the generation and fluorescence, full of blooming Japanese apricot flowers, forsythias, azaleas, and cherry blossoms with the naked eye.    Usually, full blooms are 2-3 days after fluorescence or around a week if they are late.  Check the data for blooming flowers and forecast them before enjoying spring flowers!   

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  2024-04-01

• Minister Lee Jong-ho Represents Korea at the 2024 Nuclear Energy Summit in Brussels

    Minister Lee Jong-ho of the Ministry of Science and ICT recently participated as the senior representative of Korea at the '2024 Nuclear Energy Summit.' The summit, held at the Brussels Expo on March 21 and co-hosted by the International Atomic Energy Agency and Belgium, gathered stakeholders from 38 countries, including nuclear operating nations and those intending to expand or initiate nuclear power generation and industry.    This milestone event marked the first multilateral summit in the field of nuclear energy, focusing on conveying messages emphasizing the crucial role of nuclear energy in addressing climate change, enhancing energy security, and promoting economic prosperity and development. It also aimed to foster active support for expanding nuclear capabilities from countries seeking to transition from fossil fuels to clean energy, ensuring the continued innovation of nuclear technology and industry.    Minister Lee highlighted Korea's commitment to expanding nuclear power, citing initiatives such as the construction of Shin Hanul Units 3 and 4, the continued operation of existing nuclear power plants, and independent technology development for next-generation nuclear reactors including small modular reactors (SMRs). The minister emphasized the importance of continued investment in innovative research and development, such as SMRs, as promising technologies for tripling global nuclear power generation capacity by 2050.    The summit provided an opportunity for nuclear research institutions and industries in Korea, such as the Korea Atomic Energy Research Institute, Korea Hydro & Nuclear Power Co, to engage in discussions with relevant agencies from key partner countries on cooperation projects.    In conclusion, Minister Lee's participation in the 2024 Nuclear Energy Summit underscored Korea's commitment to global cooperation in nuclear energy, highlighting its role as a leader in nuclear technology innovation and its dedication to contributing to a sustainable energy future.  

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  2024-04-01

• The 3rd Summit for Democracy

  [Leaders Times] The Korean government will host the Summit for Democracy on March 18-20.    The Summit for Democracy, led by US President Biden, was the global conference system in  2010. In March 2023, the United States, in cooperation with South Korea, Costa Rica, the  Netherlands, and Zambia, held the Secondary Summit for Democracy.    On the first day, March 18, the third Summit for Democracy will proceed to the ministerial  conference about the subject ‘AI, Digital Technology and Democracy.’The opening ceremony,  including a discussion and workshop led by internal and external civil society, will be held on the  second day, March 19.    The third Summit for Democracy will be held with a virtual meeting on March 20 at night.  President Yoon Suk Yeol will organize a virtual summit with the prime minister of Denmark,  Mette Frederiksen, and Kenyan President William Ruto. Moreover, three countries—South  Korea, Denmark, and Kenya—will preside over each session of the Summit for Democracy.  President Yoon Suk Yeol will lead a second session on ‘Technology, election, and fake news.’     This Summit for Democracy, hosted on ‘Democracy for Future Generations,’ will be the  opportunity to plant certainty in global youth, who will play a leading role in the future and  actively reflect their voices. During the Summit for Democracy, varied arguments will progress,  and designs will be planned to be published to support global youth-empowering innovation.    Our government holds the Summit for Democracy because our democratic leadership enforces to  reflect international society’s high credibility and expectations. Our government contributes to  democracy promotion by sharing the experiences and outcomes of Korea, where it has developed  and fostered democracy in international society. Through this process, the government will push  ahead with its vision of a global hub country.       

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  2024-03-18

• CJK+ASEAN Young Ambassador Program2024: A Collaboration Initiative by TCS for Future Cooperation

    In a bid to foster forward-looking cooperative relationships among students from Japan, China, and South Korea, a program has been initiated in China where participants exchange views on global issues. This year marks the program's 10th iteration, and for the first time, it has been expanded to include students from ASEAN countries, thereby broadening its regional reach.  The exchange program, organized by the Trilateral Cooperation Secretariat operates under agreements between the governments of the three countries and recruits students annually. This milestone 10th edition sees the inclusion of students from ASEAN (the Association of Southeast Asian Nations) countries. The opening ceremony, held in Nanning, southern China, on Feb. 27th, saw the participation of 50 students from nine countries.  Participating students expressed their aspirations to "share expertise and technologies among East Asian countries facing common challenges" and to "forge lasting friendships and continue exchanges throughout their lives."  Following the ceremony, students received lectures from experts on various issues, including the disparity between developed and developing countries.  Lee Hee-sup, Secretary-General of the TCS, emphasized the importance of mutual understanding among young people for forward-looking cooperation. He stated, "By expanding exchanges among the three countries, we aim to promote cooperation for the future of East Asia."  The exchange program ran for 10 days, during which participants exchanged opinions on common issues such as aging populations and climate change, thereby deepening their understanding of international cooperation.

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  2024-03-18

• Cofounding Angel for Kor-Fils’s Journey with Leaderstimes,

      I contributed to donating aid to single parent Korean Filipino households since 2021. Starting off as a journalist for Leaderstimes, I got in touch with the Philippines coordinator Mr. Kong to help create the NGO with Global Leaders Club. As our organization funded the education for Filipino children throughout the years, I decided to visit two of the families supported by Angel for Kor-Fils’s Journey in Silang, Philippines.   Silang, situated an hour away from Metro Manila, unfolded as a testament to the socio-economic disparities prevailing in the country, as the families supported by the nonprofit organization resided in homes with bare minimum support.   Despite the challenges posed by their living conditions, Jisoo and Jinju, two remarkable individuals aged 10 and 16, opened their homes and hearts to me. What stood out amidst these challenging circumstances was the extraordinary passion for education exhibited by Jisoo and Jinju. Jisoo, at the age of 10, harbors dreams of becoming a medical doctor, with a fervent interest in science. As she delves into the intricacies of biology, exploring different organs, her aspiration to contribute to the medical field shines brightly. On the other hand, 16-year-old Jinju found a love for accounting and business, looking to start her own business one day to support her family.   These dreams, woven with determination and resilience, are particularly remarkable given their humble beginnings. The undying enthusiasm for education and clear career goals set Jisoo and Jinju apart. Our culture exchange trip, sharing Korean culture through gifting folktale books and a traditional Korean board game Yut-nori, hoped to encourage the young scholars to embrace both their Korean and Filipina identities while pursuing their educational goals. I have no doubt that the girls will find success as long as they maintain their persistence and patience.   I realized how much potential there is in every child through conversations with the families during the trip. Providing scholarships and support for education, I was honored to be able to provide the chance for economically disadvantaged to shine. With Leaderstimes and Global Leaders Club, I seek to continue my multicultural, philanthropy and expand Angel for Kor-Fils’s Journey to more households in need. As we’ve already expanded into Cambodia, I hope Global Leaders Club members will join in our support for the underprivileged.

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  2024-02-29

• President Yoon Suk-yeol Vows to Establish Best Investment Environment

    President Yoon Suk-yeol has committed to fostering a world-class investment environment, aiming to attract global investors and bolster economic growth in South Korea. His pledge comes as a significant step towards enhancing korea's competitiveness in the international market.    In a recent announcement, President Yoon underscored the importance of creating an attractive investment landscape that aligns with global standards. He emphasized the need to streamline regulations, expand incentives, and provide robust support mechanisms to facilitate foreign investment across various sectors.    Acknowledging the pivotal role of foreign investment in driving economic progress, President Yoon expressed gratitude to foreigninvestment companies for their contributions to the Korean market. He highlighted the record-breaking influx of foreign investment in the previous year, amounting to approximately $32.7 billion, as a testament to Korea's potential as an investment destination.    The President's commitment to dismantling barriers and implementing investor-friendly policies reflects a proactive approach towards positioning Korea as a preferred destination for international businesses. By prioritizing transparency, efficiency, and innovation, President Yoon aims to elevate Korea's standing as a leading hub for global investment.    Furthermore, President Yoon's vision extends beyond mere economic growth; he envisions Korea as a beacon of opportunity and prosperity for companies seeking expansion and collaboration. By fostering a conducive environment for investment, he seeks to stimulate job creation, promote technological advancement, and drive sustainable development initiatives.    President Yoon's pledge to establish a world-class investment environment resonates with stakeholders across various sectors, including business leaders, government officials, and industry experts. The collective effort to cultivate an ecosystem that nurtures innovation and entrepreneurship underscores Korea's commitment to driving inclusive growth and fostering long-term prosperity.    As President Yoon embarks on this ambitious endeavor, he calls for collaboration and partnership among all stakeholders to realize the shared vision of a dynamic and resilient economy. With unwavering determination and strategic foresight, President Yoon aims to chart a path towards sustained prosperity and global leadership in the realm of investment and economic development.

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  2024-02-19

• Smart Animal Husbandry, First Step for Future Livestock Industry

  Minister Song Mi-ryung visited the smart livestock farm in Pyeongtaek-si, Gyeonggi Province, encouraged youth ranchers, listened to the difficulty of the place, and discussed the expansion of smart animal husbandry. Livestock facility[Leaders Times] On February 6th at 4:30, Minister of Agriculture, Food and Rural Affairs Song Mi-ryung visited the smart piggery in Pyeongtaek-si, Gyeonggi Province, observed the place of smart animal husbandry, and conducted a meeting about a method of expansion of smart animal husbandry with youth ranchers who are practicing future smart livestock. Livestock farm (Rosefarm), where she visited, is a smart piggery that optimizes feed supplements to retrench approximately 19% of feed cost compared with normal farms, considering the growth stages of mother pigs and piglets and brings a system of exhausting air in the center and air washer in to decrease odor innovatively. Minister Song declared the schemes to reinforce necessary support for the expansion of smart livestock and to emphasize smart animal husbandry as the powerful way of advancing the livestock industry that overcomes the problems of livestock farming through the scientific control of odor and animal disease and the improvement of production. Also, she heard diverse opinions from youth ranchers, smart equipment manufacturers, and people from a public institution that certifies livestock products (KAPE) at the meeting after visiting a smart piggery.At this meeting, the youth ranchers suggested ▲enforcement of expansion and supplement of smart farms focused on solutions, ▲increasing opportunity and experience of youth farmers, such as practical education, and ▲establishing big data platforms for the smart equipment and expansion of the use of solutions. Minister Song responded that the Agriculture, Food and Rural Affairs will create a performance model of each type and field for smart animal husbandry and increase the opportunity experience steadily. Moreover, she declared to find a varied improvement plan for the achievement and creation of smart livestock. Minister of Agriculture, Food and Rural Affairs Song Mi-ryung said that future growing industrialization of the agricultural industry needs to foster an agricultural innovative ecosystem that encourages youth ranchers’ creative ideas and capability. She requested that fervor and innovation youth ranchers who were at the meeting might endeavor to expand to a good model of society with related organization.”

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  2024-02-08

• Hosting the First Asia Maritime Security Agency Chiefs Meeting in Korea

      The Korea Coast Guard has announced its plans to host the 20th Asia Maritime Security Agency Chiefs Meeting in South Korea this year, marking a significant development as it will be the first time the event is held in the country. This initiative is in response to the growing importance of maritime security, aligned with the Indo-Pacific strategy, and aims to strengthen maritime security cooperation among key nations in the Indo-Pacific region.   Established in 2004, the Asia Maritime Security Agency Chiefs Meeting serves as a collaborative organization with the participation of 22 countries in Asia, including Korea, China, Japan, and various Southeast Asian nations. Additionally, the organization includes one region (Hong Kong) and two international organizations, namely ReCAAP-ISC for Asia-Pacific counter-piracy cooperation and UNODC for the United Nations Office on Drugs and Crime.    The upcoming meeting, scheduled to take place in Incheon in June and September, will be organized into five expert groups. These groups will focus on discussing critical topics such as capacity-building for maritime security agencies in the Asian region, prevention of maritime crime, marine environmental protection, search and rescue operations, and information exchange. The primary objective is to deliberate on collaborative measures to enhance safety and security in maritime environments.    Of particular note is the meeting's emphasis on addressing the pressing issue of drug trafficking through the seas into domestic territories. Member countries plan to enhance practical information exchange, strengthen cooperation, and establish an international collaborative framework among Asian nations.    Kim Jong-wook, the head of the Korea Coast Guard, stated, "Considering that this is the first time Korea is hosting the meeting of Asian maritime security agencies, we are preparing various programs, including promoting Hallyu culture. We aim to share the capabilities of the Korean Coast Guard with Asian nations, actively contribute to strengthening maritime security cooperation with key nations in the Indo-Pacific region, and strive to fulfill our role and responsibilities as a global central nation in the international community."

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  2024-01-22

• President Yoon Suk-yeol Attends 2024 Securities and Derivatives Market Opening Ceremony

    On the morning of January 2nd, President Yoon Suk-yeolattended the '2024 Securities and Derivatives Market Opening Ceremony' held at the Korea Exchange Seoul Office. This marks a significant event, as it is the first time in history that the incumbent president has participated in the stock market opening ceremony.    President Yoon, who had attended similar ceremonies during his presidential campaign, emphasized the pivotal role of the capital market in the development of a free-market economy. His presence at the event today signifies a commitment to encouraging the advancement of the nation's capital market.    In his address, the President characterized the stock market as the 'arena of mutual growth,' where the nation and businesses grow together. He also referred to it as the 'ladder of opportunities,' supporting the accumulation of the nation's assets. President Yoon highlighted the importance of activating the financial investment sector to prevent social stratification and enhance societal dynamism.    Addressing the undervaluation of the stock market in South Korea, despite the presence of globally competitive companies, President Yoon expressed his commitment to resolving the 'Korea Discount' through the deregulation of the capital market during his term.    The President announced plans to prepare 'short selling reform measures' smoothly, promote the abolition of the financial investment income tax, and positively consider amendments to commercial laws to enhance benefits for small shareholders. Additionally, he disclosed intentions to significantly expand programs supporting the formation of national assets, such as Individual Savings Accounts (ISA).    In conclusion, President Yoon pledged to support a fair market through continuous communication with market participants. The event saw the attendance of approximately 160 professionals from the financial investment industry. Notable government and authority figures present included Prime Minister Cho Sang-mok, who also serves as the Minister of Economy and Finance, Financial Services Commission Chairman Kim Joo-hyun and so on.

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  2024-01-08

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• The constant rise of Russian crude oil export

    Despite Western sanctions against Russia over the war in Ukraine, Russian oil exports continue to rise.    The EU, G7 and Australia introduced a price cap of $60 per barrel for Russian crude oil in December last year, pushing to curb war financing through Russian crude oil exports.    However, Russian crude oil exports rose 50%this spring due to rising crude oil prices and a reduction in Russian crude oil discount rates.    In August, Russian crude oil exports via sea transport were mostly shipped without Western insurance. (The crude oil price cap is implemented in the form of restrictions on transportation and insurance services)    Russia plans to neutralize Western sanctions by finding new export destinations, such as recently starting exports of CPC Blend crude oil to the United Arab Emirates (UAE).    According to Russia's policy to diversify oil export lines, Russia's largest crude oil importers are currently China, India, and Turkey, and exports to Brazil, Sri Lanka, and Pakistan have also increased.    Meanwhile, the crude oil recently exported to the United Arab Emirates is CPC Blend crude oil, which was produced in Kazakhstan and supplied to the international market through the Russian Black Sea port. The UAE has not joined sanctions against Russia.    The U.S. Office of Foreign Assets Control (OFAC) pointed out that CPC blends are not subject to sanctions if they are originally from Kazakhstan. It is crucial for importers to check a certificate of origin.    According to some crude oil market officials, some crude oil exported from Russia is sometimes turned from Russian crude oil to Kazakhstan's origin.  

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  2023-10-02

• President Macron announces France's 'green transition package'

    French President Macron announced the so-called ’green transition package’ on the 25th, which includes a series of measures to halve France's greenhouse gas emissions by 2030.    President Macron emphasized that France's eco-friendly transition should not be an unreasonable obligation, suggesting that a series of measures in the package were designed as an incentive method.    With the U.K.'s recent retreat for its climate change response goals ahead of the election and Germany expressing skepticism about the EU's environmental legislation plan, President Macron expressed his willingness to respond to climate change through the package without presupposing the burden on citizens.    The government plans to add 7 billion euros to next year's budget to cope with climate change. 2.2 billion euros will be provided to enhance building energy efficiency, 1.8 billion euros to develop advanced energy technologies such as hydrogen and biomass, and 1.4 billion euros to develop farms and forests.    President Macron recently mentioned that France's 50 largest greenhouse gas emitters promised to reduce greenhouse gas emissions by 45% on the condition of financial support, and plans to close two remaining coal plants in 2027. (The second coal plant was scheduled to close in 2022, but it was extended due to the energy crisis.)   However, thereis skepticism about whether France, which belongs to theEU joint electricity market, will be able to regain control ofelectricityprices within the year independently.       Meanwhile, the package mainly focuses on emissions reduction targets and clean technology industry production targets. The French government will announce biodiversity strategies and specific plans in October and December, respectively.  

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  2023-10-02

• Three countries including Poland announce ban on Ukraine's grain imports

      Poland, Hungary and Slovakia have announced the introduction of a ban on Ukrainian grain imports.    The EU Commission has announced that it will not extend temporary import restrictions on Ukrainian grain from five countries: Poland, Hungary, Slovakia, Romania and Bulgaria.    The measure was agreed by the EU Commission and five Middle Eastern European countries, including Poland, earlier this year.It was introduced to temporarily ban imports to prevent the inflow of cheap grain from Ukraine, resulting in market disruptions and damaging farms.    Poland has expressed opposition to the decision which refusesthe extension, announcing a ban on imports of Ukrainian wheat and corn to protect the interests of Polish farmers.   In particular, wind power, which has been called a success story in Europe, faces various challenges.EU plans to propose a "European Wind Power Package" bill that will support rapid permits, improvement of power auction systems, manpower, financing, and stable supply chains.    Meanwhile, the Ukrainian government plans to file a complaint with the WTO against three countries, Poland, Hungary and Slovakia.Ukrainealready imposed retaliatory measures on some Polish agricultural products.    TarasKachka, head of Ukraine's trade representative, pointed out that the public backlash against the EU from Poland, Hungary and Slovakia could cause the biggest structural concerns regarding the EU's international trust as a partner representing all member states.    In particular, since Poland's import restrictions have the greatest impact on Ukrainian farmers, the government plans to ban the import of Polish agricultural products such as fruits and vegetables unless Poland withdraws the measures.    Regarding the claims that they protect farmers from falling prices due to the influx of low-cost Ukrainian grains, Ukraine criticized that grain prices are determined at a global level.    

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  2023-09-25

• PresidentYoon Suk Yeol had a meeting with U.N. Secretary General António Guterres

    President Yoon Suk Yeol, who is visiting New York to attend the 78th high-level session of the U.N. General Assembly, met with U.N. Secretary-General António Guterresat the U.N.on September 19.They exchanged views on Korea-U.N. cooperation, Korean Peninsula issues and the war in Ukraine.    President Yoon emphasized the importance of global solidarity centered on the United Nations in today's era of complex crises and expressed his willingness to play a responsible role considering our international status. In particular, Korea expressed its eagerness to actively contribute to the promotion of peace in the international community as a non-permanent member of the Security Council for the term 2024-25. Moreover, President Yoonrevealed our contribution to establishing peace in Ukraine, the biggest global issue.    Meanwhile, President Yoon said he expects to continue working with the United Nations to prevent North Korea's provocations and to substantially improve the human rights situation in North Korea.    Secretary-General Guterres expressed his gratitude for the Korean government's activities and contributions to the United Nations.He expects to communicate more closely to resolve major international issues during the period of Korea's non-permanentmember for the Security Council. In addition, Secretary-Generalreaffirmed his commitment to cooperation in denuclearizingand improving human rights in North Korea.    This was the third meeting between President Yoon and the Secretary-General.The meeting is believed to have served as an opportunity to strengthen cooperation between the two sides on North Korea and global issues as well as the cooperative relationship between South Korea and the United Nations.

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  2023-09-25

• The President of EUCommission had an annual State-of-the-Union speech

    EU Commission President Ursula von der Leyen delivered her last annual State-of-the-Union speech during the five-year tenure at the European Parliament on the 13th.    [Main contents of the speech]   ● Supporting the company's green transformation   As the Green Deal entersthe next stage, the EU plans to continue supporting European industries in the entire process of eco-friendly transformation. As part of this, the Net-Zero Industry Act (NZIA) and the Critical Raw Materials Act (CRMA) have already been proposed.   In the process of eco-friendly transformation, a series of ‘green transformation conversations’ with the industry will be held to identify the risks and support needs of the ecosystem by industry and to develop an industry-specific approach.   Wind power, which has been called a successful case in Europe, faces various challenges.EU plans to propose a ‘European Wind Power Package’ bill to support rapid licensing, power auction system improvement, manpower and financing, and stable supply chains.    ● Chinese electric vehicles   The executive committeementioned the global electric vehicle market is overflowing with low-cost Chinese vehicles. Huge government subsidies intentionally lowered the price. To address Chinese market distortion, the EU plans to launch an investigation into Chinese electric vehicles.   According to the principle that the EU is open to competition but avoids competition to the bottom, the EU plans to protect its boundary from Chinese unfair competition but continue to maintain dialogue.    ● EU economic challenges   [Inflation] It isexpected to be difficult to meet interest rate targets in the medium term.The energy prices have entered a stabilizing stage, with gas prices falling from 300 euros per MWh last year to around 35 euros now. It is considering whether the policy model for gas price stabilization can be applied to other fields such as critical raw materials or eco-friendly hydrogen. Unlike the previous oil crisis, this energy crisis served as an opportunity to accelerate huge investments in renewable energy and eco-friendly transformation in Europe.    

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  2023-09-18

• South Korea's efforts to prevent desertification in Northeast Asia will be announced to the world

  The National Institute of Forest Science of the Korea Forest Service (Director Bae Jae-soo) announced the results of Korea's afforestation project to prevent desertification and reduce yellow dust in Northeast Asia, including China and Mongolia, at the 9th Kubuqi Desert held on August 26 and 27.   The Kubuqi International Desert Forum in China has been held every two years since 2007. The forum invites international organizations related to desertification prevention, such as the United Nations Convention to Combat Desertification (UNCCD), high-ranking Chinese officials, and experts from each country.    Dr. Park Ki-hyung of the Forest Ecology Research Department of the National Forest Research Institute presented the results of the Korea-China and Korea-Mongolia Desertification Prevention Project since 2000 and the effects of forestation through field research.   After the announcement, Chinese experts and local media, including China's National Forestry Plantation Bureau, expressed a lot of interest and gratitude for Korea's achievements in forestation projects to prevent desertification and long-term monitoring research.    "Korea has been carrying out afforestation projects since the early 2000s to prevent desertification in Northeast Asia. It is necessary to propose more accurate afforestation technology and tree species to new projects by analyzing the current situation, good points and improvements." said Yang Hee-moon. He also noted, "We will continue to establish a long-term monitoring and evaluation system through international joint research with China and Mongolia.”    

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  2023-09-18

• President Yoon Suk Yeol attends 24th Korea-ASEAN Summit

    President Yoon Suk Yeol, who is visiting Jakarta, Indonesia to attend the 24th Korea-ASEAN Summit on September 6 (Wed), had in-depth discussions on the achievements of Korea-ASEAN cooperation and the direction of future cooperation. The participating countries adopted the 'Korea-ASEAN Summit Joint Statement on AOIP Cooperation'.    The president welcomed the "Korea-ASEAN Solidarity Initiative (KASI)" announced by the Korean government last year, which has expanded the scope and depth of cooperation. President Yoon stressed that the KASI is based on firm support for ‘ASEAN Centrality’ and ASEAN Outlook on Indo-Pacific(AOIP) regarding the Indo-Pacific region.    The president also noted that efforts to strengthen cooperation between South Korea, the U.S. and Japan opened a new era of trilateral cooperation at the Camp David summit in August. The three countries stressed that they would coordinate their Indo-Pacific strategies and discover new areas of cooperation based on their full support for the ASEAN-led regional architecture.    President Yoonemphasized the urgent need for strong solidarity and close cooperation between countries to overcome the global complex crisis facing the international community today. Based on the KASI, the Korean government presented specific and practical contribution measures.    First, the president said he would strengthen security cooperation with ASEAN countries to protect a rule-based order for universal values. To this end,cooperation in the fields of defense, cyber security, drugs, and terrorism will be strengthened.    Second, the president expressed his willingness to contribute to ASEAN's creation of new growth engines, bridging the development gap, and common prosperity. Announcing that the ‘Korea-ASEAN Digital Innovation Flagship Project’ will be launched next year, the president promised that the Korean government will continue to provide the necessary support to boost private investment in future industries such as digital, electric vehicles, batteries and smart cities.    Third, the president said he would actively promote cooperation with ASEAN in the field of climate change response and health. The‘Partnership for Korea-ASEAN Methane Action,’ which was launched in July, will systematically support ASEAN's methane reduction efforts and contribute to strengthening its ability to respond to infectious diseases by continuing cooperation with ASEAN in vaccine production and treatment development.    Meanwhile, President Yoon noted that South Korea has risen from the ruins of war and made a leap to become an advanced country.Korea aims to provide a platform to share these development experiences and seek solutions to the challenges facing humanity through theWorld Expo2030 Busan.    

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  2023-09-11

• EU pushes for 'European Defense Production Act' within this year

    The EU Commission plans to push for the ‘European Defense Production Act’ to strengthen the EU's capacity in the defense industry, which will stipulate R&D and joint procurement.    Due to the war in Ukraine, the EU will push for the introduction of the ‘European Defense Production Act’ by reducing the lack of regional defense production capacity and the need to quickly supply defense materials if necessary.    The bill was recently discussed at the EU Defense Ministers' Council.Detailed information is expected to be announced at the annual corrective speech by EU Commission President Ursula von der Leyen on the 13th (Wed).    The bill will be used as a permanent legal framework for the production and supply of defense supplies in case of emergency, based on the ‘European DefenceIndustry Reinforcement through Common Procurement Act (EDIRPA),’which is a short-term framework for strengthening joint procurement and ammunition production capabilities.    The Single Market Emergency Instrument (SMEI) stipulates that in the event of an emergency, the executive officer orders the company to supply specific orders first, and the obligation to report corporate inventory. EU Council postponed bill negotiations and agreements, citing excessive corporate interference and lack of consultation time.    The Commission proposed an interim review of the EU budget in June, but the European Defense Production Act was excluded due to the use of additional budgets through the review.   Accordingly, it is pointed out that the "European Defense Fund" to support the development of technology in the defense industry and the "Peace facility" to finance exports of lethal and non-lethal weapons to third countries can be used as financial resources for the bill.    However, it is unclear how the ‘European DefenseProduction Act’ will be related to the European Defense Investment Program (EDIP) already proposed by the executive committee to exempt the defense industry from VAT.  

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  2023-09-11

• President Yoon Suk Yeolpresides over the State Council for Deliberation and Resolution of the '2024 Budget'

  “Sound finance is the reason why major international credit rating agencies positively evaluate Korea's external credibility." the president said in a Cabinet meeting to deliberate and resolve the 2024 budget bill at the presidential office in Yongsan.  The president cited a 2.8 percent increase in total spending next year to 656.9 trillion won, the slowest increase after 2005. "By reviewing all financial projects, we drastically cut the budget for political subsidies and interest cartels to carry out a total 23 trillion won of expenditure restructuring."  First of all, the Korean government will focus on three key areas: realizing welfare for the weak, strengthening the nation's essential roles such as defense and rule of law, and securing growth engines to create high-quality jobs.  The president also emphasized youth independence, tuition support, and job-related budgets in detail.  Regarding youth independence and tuition support, the president mentioned "We will raise the allowance for youth who prepare for self-reliance from 400,000 won to 500,000 won. We plan to support 2,750 youth who are closely managed before and after the end of the protection period.”  Regarding the budget for responding to climate change,"We will invest 6.3 trillion won to overhaul the national flood response system," adding, "We will push for river dredging and maintenance in earnest for the safety and measurement of the people."  The president said"More than 200 billssubmitted to take care of the people's livelihood and the economy are not crossing the threshold of the National Assembly.Please make all-out efforts to focus on major bills dealing with our people's livelihoods and future food."      

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  2023-09-04

• Foreign Minister Park Jin attends the 'Bled Strategy Forum'

    Foreign Minister Park Jin attended the opening ceremony of the ’Bled Strategic Forum’ hosted by Slovenia's Foreign Ministry and the ‘Center for European Perspective’ on August 28 through the invitation of Slovenian Foreign Minister Tanja Fajon.  Park was the first South Korean foreign minister to attend the Bled Strategy Forum to strengthen ties with countries in the Middle East at the forefront of the war, given that the war in Ukraine is not only sensitive to security and national interests in the region.  A total of seven figures, including five foreign ministers (Korea, Slovenia, Switzerland, and Canada) and two vice minister-level officials, attended the Bled Strategy Forum ‘Multilateralism’ session as panels.  During the session, Park explained the results of the August 19 Camp David Korea-Japan summit, Korea-China relations, and the situation on the Korean Peninsula.He proclaimed that South Korea will work closely with the U.S., Japan, and Slovenia next year to strengthen multilateralism at the U.N. level.  Minister Park stressed that cooperation between South Korea, the U.S. and Japan has been firmly institutionalized through the Camp David Korea-U.S. and Japan summit, which has important implications for forming a global order, including Europe, as well as Northeast Asia and the Indo-Pacific region.  In particular, Korea-U.S.-Japan cooperation and Korea-China friendship are not at odds with each other.The Korean government's basic position is to develop healthy and mature relations with China based on mutual respect, mutual benefit, and common interests.  As a non-permanent member of the Security Council next year, Park vowed that Korea will contribute to the peace and security of the international community.He proposed to actively cooperate with Slovenia, which is scheduled to be appointed as a non-permanent member of the Security Council next year.      

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  2023-09-04