• Overseas Consuls General Meeting Discusses Global Multilateral Diplomacy

    The Overseas Consuls General Meeting in 2024 concluded with a final topic discussion on the morning of April 25th, centering on "Global Multilateral Diplomacy." The session saw the participation of Kang In-sun, Vice Minister of Foreign Affairs, alongside the consuls general. The discussion was structured into three parts, each addressing crucial aspects of international relations.   In the first segment, emphasis was placed on enhancing contributions to international peace and security by elevating democratic standards and engaging in activities within the UN Security Council. This included exploring avenues for expanding Korea's role in promoting global stability.    Vice Minister Kang, in her opening remarks, underscored the significance of Korea's multilateral diplomacy amidst geopolitical and geoeconomic shifts. She urged a thoughtful consideration of goals, stressing the consul general's crucial role in realizing Korea's ambition as a global pivotal state.    During the subsequent session, Kwon Ki-hwan, Director-General for Multilateral Diplomacy, highlighted Korea's commitment to strengthening international solidarity based on universal values like democracy and human rights. He outlined plans for Korea to play a more active role in global affairs during its upcoming term on the UN Security Council.    In the following segment, Kim Hee-sang, Director-General for Economic Diplomacy, outlined the government's vision on key global economic issues, including supply chains, digitalization, AI, climate, and energy. He discussed Korea's strategies for engagement within major multilateral economic forums such as the G7, G20, APEC, and OECD.    In the final session, Kwon Ki-hwan reiterated the importance of effective implementation of global South diplomacy by Korea through initiatives like advanced-country-type Official Development Assistance (ODA) and strengthening strategic partnerships with major donor countries.    The topic discussions served as a platform to share Korea's vision and contributions to the international community, gather insights from the consul general, and propose policies to bolster Korea's role as a "global pivotal state" in multilateral diplomacy. 

• 2024 World Climate Industry EXPO to be Jointly Hosted by South Korea and the International Energy Agency

    The Ministry of Trade, Industry, and Energy of South Korea and the International Energy Agency (IEA) have announced their plans to jointly host the 2024 World Climate Industry Expo. This collaboration reflects a shared understanding of the urgent need for international cooperation in promoting zero-carbon energy solutions such as nuclear power, renewable energy, hydrogen, and carbon capture, storage, and utilization (CCUS) to address the global climate crisis and enhance energy security.  The World Climate Industry Expo, first established last year, integrates 30 domestic energy and environment exhibitions along with investment attraction events. The South Korean government has made efforts to facilitate this joint hosting with the IEA, including sending a letter from the Prime Ministerand holding a meeting with IEA Executive Director Fatih Birol. With the active participation and guidance of the IEA, this year's expo is set to evolve into a truly international event.  The theme for this year's expo is "Opening the Era of Zero-Carbon Energy through Climate Technology," with a focus on discussions about accelerating the transition to sustainable clean energy. The expo is expected to serve as a global platform for advancing the spread of zero-carbon energy technologies and initiatives, following the agreements made at the UN Climate Change Conference last December.  IEA Executive Director Fatih Birol will deliver a keynote speech during the event and present the IEA's analysis of major energy technologies essential for achieving global climate goals. Professor James Bacchus is also set to give a keynote address. Major global companies such as Samsung, Hyundai Motors, Tesla, and Ørsted will showcase the latest and future technologies related to zero-carbon energy.  Lee Ho-hyeon, Director of Energy Policy, stated, "I welcome IEA Executive Director Fatih Birol's decision to co-host the expo for the spread of zero-carbon energy." He added, "We will work with the IEA to elevate the World Climate Industry Expo into a leading international event for addressing the climate crisis." 

• 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."    

• 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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• Germany permanently ends nuclear power generation after grid separation.

    Germany will permanently end nuclear power generation on the 15th (Sat) by separating the power grid of the remaining three nuclear power plants.  Germany announced its withdrawal from nuclear power in 2002.Under Angela Merkel’s leadership, the movement to exit nuclear power has accelerated since the Fukushima nuclear crisis in 2011.  The timing of the shutdown of the three nuclear power plants was originally scheduled for the end of 2022.It was postponed due to the suspension of Russian gas supplies.  Despite the energy crisis, Germany plans to separate three nuclear power plants from the power grid, including the southernIasr2, the southwestern Neckarwestheim, and the northwest Emsland, which supplied 6% of Germany's total energy last year.  Germany's share of nuclear power generation in 1997 was 30.8%.  The German government emphasized that the energy crisis is under control by securing gas reserves and establishing LNG infrastructure as a measure to stabilize energy supply and demand following the suspension of the Russian gas supply.  Furthermore, in response to energy supply instability caused by Russian gas and the disposal of nuclear power generation, the proportion of renewable energy will be increased to 80% by 2030.  To this end, Olaf Scholz suggests installing four to five wind turbines every day for years to come. However, it would be difficult to achieve the goal considering the current speed, which installed only 551 wind turbineslast year.  

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  2023-05-06

• Six U.S. global companies in hydrogen, semiconductor, and eco-Friendly sector invest $1.9 billion

    The Ministry of Trade, Industry and Energy announced that six U.S. companies attended the meeting held at the U.S. Chamber of Commerce and Industry on April 25 (local time). The companies decided to invest worth $1.9 billionand report it to the Korean government.    The investment was significantly increased from the $1.15 billion which was reported at the roundtable held last September. It is meaningful that the two countries strengthen strategic economic and technological partnerships and cooperate more closely in supply chain and economic security.  The main contents of this investment report are to build clean hydrogen, semiconductor and semiconductor equipment parts,waste plastic recycling facilities and eco-friendly ultra-low temperature logistics network facilities in Koreain the fields of Air Products (Plug Power), On Semiconductor (Greene Tweed), and EMP Belstar, respectively.  ① Air Products' Green Ammonia-Green Hydrogen Terminal and Cracking production facilities, ②Plug Power's hydrogen technology R&D center, and hydrogen fuel cells are expected to contribute to the commercialization of clean hydrogen in Korea greatly.   ③ On Semiconductor's silicon carbidesemiconductor production facility and④Greene Tweed's special O-ring production facility for semiconductor equipment are expected to have a positive effect on strengthening the supply chain and technology cooperation between South Korea and the U.S. in the semiconductor sector, which is the core of economic security.  ⑤PureCycle Technologies' waste plastic recycling facility and ⑥ EMP Belstar's eco-friendly ultra-low temperature distribution center are expected to play a major role in transforming the domestic industrial structure to achieve carbon neutrality.  Minister Lee Chang-yang praised the investment report, saying that the Korea-U.S. allianceisdeveloping into an investment alliance beyond a military and security alliance.  The Ministry of Industry said they will actively support the successful implementation of this investment while continuing to improve the foreign investment environment by strengthening investment incentives for high-tech industries and innovating regulations that are discriminatory or do not meet global standards.  

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  2023-05-06

• President Yoon's speech; Alliance of Freedom, Alliance in Action

    President Yoon Suk Yeol looked back on the 70-year history of the alliance based on the common values of liberal democracy, the rule of law, and human rights in a speech at the U.S. Capitol on April 27. He presented a blueprint for the alliance that the two countries will pursue together in the future.  The speech was held in English for about 44 minutes under the theme of "Alliance of Freedom, Alliance in Action." The president recalled the process of launching the Korea-U.S. alliance as they fought together to defend liberal democracy on the Korean Peninsula and thanked the veterans for their sacrifice and dedication to Korea.   The president stressed that the U.S. had been together until today's prosperous Republic of Korea, overcoming the terrible scars and ruins of the war. The Republic of Korea, the only example in modern world history that has emerged as a ‘recipienttothe donor country,’ is the success of the Korea-U.S. alliance itself.  Finally, the president pointed out that the cooperative stage of the Korea-U.S. alliance, which has universal values, is expanding beyond not only the Korean Peninsula but to the Indo-Pacific regions and around the world. The area of cooperation will also expand beyond diplomatic and security to high-tech fields, space, and cyberspace.He asked the U.S. Congress to join him on a new journey toward the future of the two countries.  More than 500 U.S. House and Senatewho attended the meeting responded enthusiastically throughout the speech, giving 60 applause and 26 standing ovation. The U.S. Congressshowed bipartisan support for the alliance, which is considered the most successful alliance in history.  After the speech, the president attended a reception hosted by Chairman McCarthy and chatted with 31 key members of the U.S. House and Senate selected as the reception committee. The participants said the speech was a monumental moment to celebrate the successful history of the Korea-U.S. alliance and show their vision to move forward.  

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  2023-05-01

• G7 Energy ministers' meeting agrees to expand offshore wind and solar power capabilities by 2030

    The G7 energy ministers agreed to set targets by expanding solar and offshore wind power generation capacity by 2030, recognizing gas as another transitional energy source.  [Renewable energy (solar and offshore wind power)] The G7 Energy Ministers' meeting agreed on the 16th (Sun) to strengthen renewable energy capabilities while recognizing each country's own ways to achieve carbon neutrality to achieve the joint goal of climate neutrality by 2050.  In order to strengthen the capacity of renewable energy,the goal of expanding 150 gigawatts of offshore wind power generation capacity in all G7 member countries by 2030 and securing more than 1terawatt of solar power generation capacity has been set.  [Nuclear power] Countries that chose nuclear power as a way to achieve climate neutrality agreed to actively support the development and construction of small and other advanced reactors and to help form a working group to easereliance on Russiancivilian nuclear-related items.  [Natural gas] Japan, which imports most of its energy needs, urged to maintain liquefied natural gas (LNG) as a transitional energy source for energy conversion for at least 10-15 years.  In response, the G7 stated in its agreement that investment in the gas sector could be suitable for responding to potential energy market disruptions caused by the war in Ukraine on the condition that it meets its climate response goals.  Meanwhile, the G7 agreed to set 2040 as a new deadline for eradicating further environmental destruction by plastics, ten years earlier than its previous goal.

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  2023-05-01

• President Yoon Suk Yeol, Solution to Korea-Japan relation is to fulfill the promiseand make a decision for the future

    At the forefront of shorts video made by the president’s office, “The Buck Stops Here’ come on the scene.The president’s office tried to stress that the solution is president’s responsible decisionto resolve the strained Korea-Japan relationship over the past five years.  Further, the president’s office disclosed President Yoon's remarks, which emphasized that the solution to Korea-Japan relation is a promise to the people and a decision for the future, along with ‘shorts video.’   President Yoon asked the State Council members for policy support, saying, "We have made it clear from the beginning that it is urgent to resolve the issue of forced mobilization as soon as possible and promote exchanges in the economic, security, and culture sectors between Korea and Japan."  A total of 10 countries and international organizations, including Japan, the United States, the EU, the United Kingdom, Germany, Canada, Australia, Norway, Finland and the United Nations, have expressed their support.  U.S. President Joe Biden said, "The announcement of Korea and Japan has opened a new chapter in groundbreaking cooperation and partnership between the two closest allies of the U.S.," followed by support from U.S. Senate Foreign Relations Committee Chairman Bob Menendez and Republican Secretary James Risch.  The UN also announced in its official position, "UN Secretary-General Antonio Guterres welcomes recent positive exchanges and future-oriented dialogue between Korea and Japan."  The Yoon government said they will do their best by communicating closely with the victims to sincerely explain the announcement and listen to the victims' opinions. They will also strive to ensure the actual rights of victims and develop future-oriented relations between Korea and Japan, while continuing follow-up measures to ensure that solutions supported by the international community can be successfully implemented.  

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  2023-04-16

• Food and Agriculture Organization (FAO) World Food Price Index decreases 2.1%

    According to theFood and Agriculture Organization (FAO) of the United Nations, the World Food Price Index fell 2.1%to 126.9 pointsfrom the previous month (129.7 points) in March 2023. Grain, milk, and dairy item prices fell, whereas meat and sugar prices rose.    In March 2023, the grain price index fell 5.6% to 138.6 points from February (146.7 points). Wheat prices fell due to a combination of factors. Most of all, the supply was sufficient worldwide, and Ukraine's continued wheat exports due to the extension of the Black Sea Grain Initiative affected the price drop. Good crop forecasts in Australia and Europe and competition for export prices from Russia were also factors for the price drop. Corn prices fell in South America as supply increased for the harvest season and the Black Sea grain export consultative body was extended. Rice prices fell as the harvest season approached in major exporters such as India, Vietnam and Thailand.  In the case of oil and fat prices, it recorded 131.8 points, down 3.0% from the previous month (135.9 points). Palm oil prices rose due to reduced output because of worsening climate conditions, including floods in major Southeast Asian producers, and Indonesia's temporary suspension of export permits. Soybean oil prices fell along with soybean prices. The price of rapeseed oil fell due to sufficient global supply, and sunflower seed oil fell due to slowing international demand.  In the case of meat, it was 113.0 points, up 0.8% from the previous month (112.1 points). International prices of beef also rose as domestic prices rose due to the prospect of a drop in supply of the U.S. pork prices.However, despite the spread of avian influenza in several major exporters, the price of poultry meat fell due to low demand for imports.    In the case of sugar, it rose 1.5% from the previous month (125.2 points) to 127.0 points. The rise in sugar prices follows forecasts of lower output in India, Thailand and China. However, Brazil's sugarcane harvest outlook was good, so the price increase was not significant. As international crude oil prices fall, more Brazilian sugarcane is injected into sugar production, not ethanol, and the Brazilian real's weakness against the U.S. dollar were also reasons for lowering sugar prices.  

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  2023-04-15

• President Yoon Suk Yeol attended the 2nd Summit for Democracy

    President Yoon Suk Yeol attended the Indo-Pacific Regional Meeting of the 2nd Summit for Democracy held at the Shilla Hotel in Seoul on the morning of March 30 and delivered a welcoming speech.  The president mentioned "South Korea announced the Indo-Pacific Strategy of Freedom, Peace and Prosperity in December last year.Today's meeting is a place to declare our government's willingness to practice the humanitarian strategy.""The meeting is significant in that countries in the Indo-Pacific region, which have increased geopolitical importance, gather to reaffirm their willingness to protect democracy.”  President Yoon said "Democracy is a community decision-making system to guarantee freedom and human rights.The dissemination of false information,violence, intimidation,and fraudulent rent-seeking activities led by certain groups distort and neutralize democracy,"He also warned of a threat to democracy. "Everything that goesagainst the truth is corruption, which threatens democracy and suppresses freedom. Law based investigation and strict punishment are the basis for responding corruption" He emphasized"Countries that share universal values of freedom, human rights, the rule of law and democracy should work together to deal with transnational corruption crimes. Korea will take the lead in promoting democracy."  In addition, the president said he will push for a $100 million development cooperation project over the next three years in areas that can contribute to democracy promotion for countries in the Pacific region in need of support and democracy promotion programs involving the government and the private sector.  Meanwhile,the leaders of South Korea and the U.S. announced in a joint statement that South Korea will host the third democratic summit.The president took a role as a leader in promoting democracy around the world, referring directly to the fact that he confirmed the hosting of theSummit through the 1st session and the welcoming speech to the regional meeting.

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  2023-04-09

• Second G20 Sherpa Meeting in Kumarakom, India

      Song In-chang, the G20 ambassador for international cooperation (G20 Sherpa), attended the second G20 Sherpa meeting held in Kumaracom, India, from 3.30 to 4.2.  This is the second G20 Sherpa meeting held by India since December last year. Representatives of major international organizations such as the International Monetary Fund (IMF) and the Organization for Economic Cooperation and Development (OECD) attended to discuss △ digital economy, △ inclusive and resilient growth, △ green development and lifestyle for the environment.  In addition, discussions were focused on the △world economy, △digital transformation, △trade and investment, △employment, △energy transition △environment and climate sustainability.  Ambassador Song stressed that the G20 should play its role as the world's top economic consultative body, including the recovery of the global economy and the resolution of uneven growth.  Major countries urged the G20 to lead the international community's efforts, such as achieving Land Degradation Neutrality (LDN) and implementing the Kunming-Montreal Global Biodiversity Framework(GBF), which is important for sustainable development.  Ambassador Song welcomed the fact that hydrogen was treated as an important discussion task.He mentioned that the supply of carbon-free and low-carbon hydrogen using nuclear power plants and natural gas as well as renewable energy could contribute to revitalizing the global hydrogen ecosystem for energy conversion.  The next G20 Sherpa meeting is expected to be held in Hampi, Indiato continue practical discussions on the results of the G20 summit. The Korean government will actively participate in G20 consultations to resolve pending issues such as food and energy instability, climate crisis, anddigital gap.    

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  2023-04-09

• Status of EU trade agreement negotiations with major trading partners

    Although the EU is actively seeking to sign a trade agreement with its trading partners to diversify its supply chain, it is said that it will be difficult to produce concrete results during the current Swedish EU Council presidency.  Unlike the previous board of directors, such as France, the Swedish presidency promotes the easing of excessive supply chain dependence on some countries, including China and Russia, through an active external trade expansion strategy.  However, the EU's policy to expand the free trade agreement is also slow due to globalization and contraction of free trade because of the Cold War-type geopolitical power struggle, and pressure from the U.S. to check China.  The following is the status of negotiations with major trading partners currently being pursued by the EU.  [EU-New Zealand Trade Agreement] Sweden plans to reach a trade agreement with New Zealand during its term as chairman of the board of directors.Sweden tries to obtain European Parliament approval by the end of this year.But it is unclear whether a deal will be concluded.  [Revised EU-Mexico Trade Agreement] The EU plans to conclude negotiations with Mexico to revise the modernization of the trade agreement in the second half of this year for the summit between the two countries. However, the Swedish Presidency is seeking to declare a settlement of the agreement before the EU-South America summit, which will be heldJuly this year.   [Ukraine Special Status Extension]Tariff-free benefits for supporting Ukraine goods are set to expire in June. Under the leadership of the Swedish Presidency, who has been pushing hard for Ukraine’s support, the EU Council and the European parliament are expected to approve the extension of benefits.  

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  2023-04-03

• EUROPE PARLIAMENT&EU Board of directors agrees to 80% reduction in greenhouse gas in maritime transport sector by2050

    On the 23rd (Thursday), the European Parliament and the EU Board of directors agreed on the so-called ‘FuelEU Maritime Initiative’ to reduce greenhouse gas emissions in the maritime transport sector by 80%.  The ‘FuelEU Maritime Initiative’ is a plan to reduce greenhouse gas emissions in the maritime transport sectorwhich accounts for 3-4% of the EU's total greenhouse gas emissions. It’s a part of so-called “Fit for 55” packages to reduce greenhouse gas emissions by 55% compared to1990.    [Rate of Reduction] Under the agreement, greenhouse gas emissions in the maritime transport sector will be mandated to be reduced by 2% in 2025, 6% in 2030, 14.5% in 2035, 31% in 2040, 62% in 2045, and 80% in 2050.  [Reduction method] Unlike the air transport sector, greenhouse gas reduction in the maritime transport sector has adopted a method of gradually reducing total greenhouse gas emissions without requiring the use of specific fuels. It is also mandatory to reduce methane and nitrogen oxide emissions along with CO2 emissions.  [Fines] Fines will be imposed if greenhouse gas reduction obligations are not fulfilled, and the collected fines will be used as project subsidies to decarbonize the maritime transport sector.  [Implementation Monitoring] The executive shall monitor the implementation of the regulations and whether the competitiveness of the maritime transport sector is reduced due to the regulations.  Meanwhile, the maritime transport and biofuel industries welcomed the agreement, saying it was necessary to expand investment and increase the supply of synthetic fuels to meet the goal of decarbonizing the maritime transport sector.  On the other hand, the Green Party of the European Parliament criticized the EU's leading role in sustainable maritime transport fuel research and development by setting an extremely low ratio of mandatory use of synthetic fuels.  

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  2023-04-03