• 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)!  

  • 뉴스
  • 의료

  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!   

  • 뉴스
  • 사회

  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.  

  • Global News
  • 영어뉴스

  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.       

  • Global News
  • 영어뉴스

  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.

  • Global News
  • 영어뉴스

  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.

  • Global News
  • 국제후원활동

  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.

  • 뉴스
  • 경제

  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.”

  • 뉴스
  • 경제

  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."

  • 뉴스
  • 정치

  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.

  • 뉴스
  • 경제

  2024-01-08

실시간 영어뉴스 기사

• The revised version of the 'EU Environmental Crime Directive,' which introduces criminal penalties for corporate environmental offenses, has been adopted.

    The European Parliament, the Council of the EU, and the European Commission have reached a final agreement on the amended draft of the 'EU Environmental Crime Directive.' This amendment permits the imposition of custodial sentences on management for significant corporate environmental crimes.    The revised draft, introduced in December 2021 to penalize and prevent major environmental crimes by corporations, is set to take effect in February of the next year, following formal approval by the European Parliament and subsequently by the Council of the EU.   The amendment underscores the 'polluter pays' principle, seeking to prevent future environmental crimes by imposing robust criminal penalties on companies involved in significant environmental offenses.    Moreover, in instances of environmental pollution occurring concurrently in multiple member states, the directive coordinates responses and facilitates effective sanctions to avert environmental pollution.    For companies breaching the directive and causing fatal accidents, the representative could face a maximum prison sentence of 10 years. In cases of significant environmental pollution (Qualified Offence) not resulting in fatalities, the maximum prison sentence is 8 years, while for other offenses, it is a maximum of 5 years.    Additionally, companies may be fined up to 5% of their global annual revenue, with the option of imposing a fixed fine ranging from 2.4 to 4 million euros. However, member states can select the fine rate between 3-5% and can impose a fixed fine between 2.4 to 4 million euros.    While there may be some variability in the fine amounts among member states, the definition of environmental crimes under this directive, encompassing deforestation, marine pollution, and the production of goods through the illegal exploitation of natural resources, uniformly applies across the EU.   On a separate note, environmental advocacy groups have welcomed the incorporation of the concept of 'Ecocide,' marking the world's first acknowledgment of ecocide as one of the environmental crimes punishable under criminal law.    However, criticism has arisen concerning the exclusion of illegal, unreported, and unregulated fishing (IUU fishing) from the environmental crimes that the directive can penalize.  

  • 뉴스
  • 정치

  2023-11-27

• The Korea Forest Service Addresses Key Global Agenda Items for Desertification Prevention

    The Korea Forest Service represented South Korea at the '21st Session of the United Nations Convention to Combat Desertification Implementation Review Committee (UNCCD CRIC21),' held in Uzbekistan from November 13 to 20. During the event, the agency engaged in discussions with international organizations and key countries to address crucial global agenda items for desertification prevention.    The UNCCD CRIC serves as a periodic evaluation body that convenes to review the implementation status of the United Nations Convention to Combat Desertification (UNCCD) 2018–2030 strategy and formulate improvement measures. The 21st session included participants such as the Global Mechanism of the UNCCD (UNCCD GM), the United Nations Environment Programme (UNEP), the Food and Agriculture Organization (FAO), and countries from the Asia-Pacific region.   As South Korea's representative delegation, the Korea Forest Service discussed topics such as ▲ Land Degradation Neutrality (LDN) goal implementation, ▲ Inter-governmental Working Group (IWG) reports for drought response, and ▲ policy frameworks (dust and sandstorms, drought, land ownership, and gender equality) with country delegations. The agency demonstrated achievements in forming a consensus on the need for enhanced cooperation with the Asia-Pacific region and the expansion of financial support.    The Korea Forest Service has actively participated in UNCCD initiatives, proposing the 'Changwon Initiative' for achieving Land Degradation Neutrality (LDN) at the 10th session of the UNCCD Conference of the Parties (COP10 in 2011, held in Changwon, Gyeongsangnam-do), and presenting the 'Peace Forest Initiative (PFI)' for cross-border environmental cooperation at the 14th COP (COP14 in 2019, held in India). These initiatives have received support from member countries and the international community, and the agency continues to collaborate with UNCCD, driving projects forward.   Yong-Gwon Lee, Overseas Resource Affairs Commissioner, stated, "We will continue to collaborate with UNCCD, developing and promoting institutional frameworks such as the Changwon Initiative and Peace Forest Initiative. Through this, we aim to fulfill our role as a leading forestry nation globally, contributing to global desertification prevention by incorporating these initiatives into actual forest policies worldwide.

  • 뉴스
  • 사회

  2023-11-27

• President Yoon Suk-yeol Attended APEC CEO Summit, Highlighting Enhanced Connectivity in the Asia-Pacific Region

    During his visit to San Francisco for the APEC summit on November 15 (local time, Wednesday), President Yoon Suk-yeol outlined a cooperative direction to enhance mutual connectivity within APEC. President’s keynote speech at the APEC CEO Summit focused on three key areas: 1. trade, investment, and supply chains, 2. digital, and 3. future generations. President Yoon emphasized Korea's commitment to contributing to APEC as a global hub.    Firstly, the President commended APEC for reducing intra-regional trade barriers and strengthening member countries' capacities. He argued for expanding APEC's role as a guardian of the multilateral trading system. President proposed prioritizing their enhancement as APEC's top task, emphasizing the importance of resilient supply chains. This includes suggesting the establishment of an early warning system within APEC to share member countries' experiences for supply chain resilience.    Furthermore, President Yoon highlighted the importance of achieving connectivity and immediacy in the era of deepening digitalization. Stressing the need for seamless data flow across borders and the elimination of digital disparities between nations, he underscored the necessity of new norms and orders suitable measures for the digital age. He emphasized APEC's significant role, given its diverse socio-cultural and geographical characteristics. President Yoon mentioned Korea's active participation in international discussions on establishing digital norms based on the Digital Bill of Rights announced in September.   Lastly, the President highlighted the importance of active exchange among the young generation for discovering innovative ideas and creating new business opportunities. He proposed discussing the 'Youth Scientist Exchange Initiative' at the APEC level, allowing young people in the Asia-Pacific region with degrees in science and technology, engaged in research and development, to freely move and exchange experiences within APEC.   The APEC CEO Summit, a business forum held as a side event of the APEC summit, was organized by the National Center for APEC, managing the APEC Business Advisory Council (ABAC) Secretariat for the host country, the United States, this year. The summit, themed "Sustainability, Inclusivity, Resilience, Innovation," attracted around 1,200 participants, including business leaders and scholars from APEC member economies.

  • 뉴스
  • 정치

  2023-11-20

• EU Drives 12th Round of Sanctions, Emphasizing Oil Measures and Exploring Further Actions for Diamond Sector

    The EU is contemplating the reinforcement of sanctions against Russia in its 12th round. The draft of these sanctions highlights the dependence on voluntary proof by operators at various stages of the supply chain for enforcing a cap on Russian oil prices via maritime transport.    To improve the effectiveness of the oil price cap and prevent false claims, the draft suggests the inclusion of detailed ancillary cost disclosure requirements, enabling operators at different supply chain stages to share this information.    This measure is a response to recent instances of Russian oil prices exceeding the $60 per barrel cap due to illicit maritime exports, currently approaching $80 per barrel, prompting measures to curb this trend.    As part of the 12th round of sanctions, the EU is also considering sanctions on liquefied petroleum gas (LPG) as an extension of measures targeting the Russian fossil fuel sector.    The EU is reinstating sanctions on the Russian diamond sector, an action opposed by Belgium, within the framework of the 12th round of sanctions. Currently, Russia's state-owned mining company, Alrosa, produces one-third of the world's diamonds. While the U.S. has already prohibited Russian diamond trade to cut off funding for the war, the EU has yet to reach an agreement on sanctions, partly due to strong opposition from Belgium's diamond industry.    Recent signals of Belgium easing its opposition and potentially accepting diamond sanctions indicate that Russia's diamond sector might be included in the 12th round of sanctions.    According to the draft of the 12th round of sanctions, the targeted items include diamond gemstones and non-industrial synthetic diamonds, with the import ban scheduled to take effect from January 1, 2024.   Meanwhile, the EU Council at the Ambassador level is slated to discuss additional sanction proposals on the 17th, with expectations for an agreement by mid-December or the end of the year, although the final agreement remains uncertain.

  • 뉴스
  • 정치

  2023-11-20

• Foreign Minister Park Jin Addresses APEC Foreign Affairs and Trade Meeting

    [Leaders Times] Foreign Minister Park Jin actively participated in the Asia-Pacific Economic Cooperation (APEC) Joint Ministerial Meeting on Foreign Affairs and Trade, held in San Francisco, U.S., on Nov. 14. The discussions focused on devising strategies for fostering a sustainable and inclusive future in the Asia-Pacific region, addressing global challenges such as health crises, supply chain disruptions, and climate change.    Minister Park underscored the importance of establishing a robust network by strengthening both physical and human connectivity throughout the entire Asia-Pacific region. In his role as the leader of the 'Supply Chain Connectivity Framework Action Plan (SCFAP)' within APEC, Korea pledged to contribute to enhancing supply chain resilience in the region. This commitment involves initiatives related to customs procedures and cooperation projects for the digitization of supply chains. Minister Park expressed Korea's dedication to actively supporting the digitization of the APEC Enterprise Transportation Card (ABTC) and expanding inclusivity, particularly for women and small and medium-sized enterprises (SMEs), to foster improved human connectivity.    Recognizing the necessity of increasing digital connectivity to achieve inclusive growth and bridge the digital gap in the region, Minister Park highlighted over 40 projects implemented through Korea's Digital Innovation Fund since 2019. These projects have contributed to the digital transformation of the region and bolstered the digital capabilities of developing countries. He urged APEC member countries to collaborate in establishing ethical norms for digital technology, aiming to maximize benefits and mitigate risks.    Minister Park also showcased Korea's commitment to addressing global climate change through contributions to the Green Climate Fund (GCF) and the Global Green Growth Organization (GGGI). With the recent launch of the Carbon Free Alliance in October, he expressed confidence that it would play a crucial role in achieving carbon neutrality in the region. Minister Park sought the interest and active participation of member countries in these initiatives.   In addition to these discussions, Minister Park appealed for the support of APEC member countries for hosting Korea's 2030 Busan Expo. Recalling the significance of Busan hosting Korea's first APEC summit in 2005, he emphasized that the Busan World Expo aligns with APEC's vision of sustainable and inclusive growth. Minister Park stressed that the Busan World Expo would serve as an ideal platform for global discussions on solutions to complex crises, including climate change, digital gaps, and inequality.   

  • 뉴스
  • 정치

  2023-11-17

• EU Commission Advances the Establishment of 'Small Modular Reactor (SMR) Industrial Alliance'

    [Leaders Times] At the 16th European Nuclear Energy Forum on Tuesday, the European Commission revealed its strategy to champion the Small Modular Reactor Industry Alliance.    To foster the growth of the European clean energy sector, the Commission is bringing together industrial associations comprising governments, researchers, and civil society, spanning areas like batteries, solar power, and hydrogen. The goal is to cultivate a supportive regulatory framework that encourages European manufacturing and facilitates the exchange of technology and expertise.    Despite varying opinions among EU member states regarding nuclear power, the Commission has taken a measured stance on supporting nuclear projects due to their high costs and prolonged construction timelines. Last year, a group of 12 member states, led by France, formed a 'nuclear energy union' advocating for the classification of nuclear energy as eco-friendly. Recently, energy ministers from these countries urged the formation of an EU-level SMR industrial alliance in a joint letter to the Commission.    The Commission perceives a shifting perspective on nuclear power, recognizing its importance in enhancing energy supply chain security, achieving climate and energy objectives, and bolstering European technological leadership and strategic autonomy in the energy sector.   In response, Energy Commissioner Kadri Simson announced at the European Nuclear Energy Forum that preparations for the creation of the EU SMR Industrial Alliance will commence in the coming months. By establishing a regulatory framework through the SMR Industry Alliance, the EU aims to secure a competitive edge globally, particularly against China and the United States.    However, Ursula von der Leyen, the President of the European Commission, remains skeptical about supporting the nuclear industry, stating that she does not view nuclear power as a strategic technology for achieving climate neutrality in Europe. Some member states, including Germany and Austria, oppose supporting the nuclear industry, potentially hindering the progress of the SMR Industry Alliance.    Meanwhile, France insists that nuclear power should be treated on par with renewable energy, and EU funding institutions like the European Investment Bank (EIB) and the European Development and Reconstruction Bank (EBRD) should provide equal support.    Notably, the nuclear industry is expected to generate around 300,000 jobs by 2050.

  • 뉴스
  • 정치

  2023-11-17

• Industry Collaboration: South Korean Companies Advocate for Inclusion in EU Carbon Border Adjustment Mechanism

  [Leaders Times] The Ministry of Trade, Industry, and Energy, in partnership with the European Commission (EU), conducted a briefing session on the Carbon Border Adjustment System (CBAM) at the Korea Chamber of Commerce and Industry on November 15. This information session, initiated in December last year following the acceptance of AhnDuk-geun's proposal by the European Union (EU), aimed to foster collaboration through field support activities.    During the event, Gerassimos Thomas, European Commission Director-General for Taxation and Customs Union, elucidated the key aspects of the CBAM and its future operational framework. The CBAM transition period began in October and is anticipated to be fully implemented from 2026.    With over 150 participants from diverse industries such as steel, automobiles, and electronics, as well as representatives from research institutes and law firms, there was significant interest in the CBAM. The Q&A session saw lively discussions on the disparities between the Korea-EU emission calculation method, reporting method, and the carbon emission trading system (ETS).    In his opening speech, the Deputy Minister of Trade Byung Nae Yang emphasized the importance of effective communication between EU officials and Korean companies to bridge the gap between policy intentions and practical challenges. He pledged government support in establishing a reasonable CBAM implementation law by incorporating the voices of the industry during consultations with EU authorities.    Furthermore, the South Korean government, including the Ministry of Industry, Ministry of Economy and Finance, Ministry of Environment, and Ministry of SMEs and Startups, has conveyed its stance on the CBAM through high-level interviews and working-level technical consultations with the European Union (EU). These efforts aim to explain South Korea's systems, including the Korea Carbon Emission Trading System (K-ETS), ensuring that the country's conditions are considered in the future enactment of the CBAM implementation legislation.  

  • 뉴스
  • 정치

  2023-11-17

• President Yoon Suk Yeol's Meeting with International Criminal Court (ICC) Judge Piotr Hofmański

    On November 13, President Yoon Suk Yeol engaged in discussions with Judge Piotr Hofmański, the President of the International Criminal Court (ICC), during the ICC's high-level seminar in the Asia-Pacific region hosted in Korea. The meeting focused on exploring avenues for cooperation between Korea and the ICC, as well as addressing regional and international political concerns.    President Yoon expressed strong support for the Republic of Korea's commitment to a norm-based international order grounded in freedom, human rights, and the rule of law. He reaffirmed Korea's dedication to collaborating with the ICC to achieve international criminal justice and uphold global peace.    Highlighting the heightened global attention on the ICC's role in addressing severe crimes worldwide, President Yoon commended the ICC's persistent efforts to pursue justice despite facing various challenges.    Judge Piotr Hofmański conveyed appreciation to Korea for its active support of the ICC's initiatives, including substantial human and financial contributions over the past two decades. Recognizing Korea as a key norm-setting nation in the establishment of the ICC and the development of the Rome Statute, he expressed a desire to further strengthen bilateral cooperation in the future.    Hofmański specifically acknowledged Korea's significant contribution of judges to the ICC, emphasizing the country's valuable role in supporting the court's activities. He expressed optimism about the prospect of Koreans, including young professionals, assuming full-time positions within the court's secretariat in the years to come.  

  • 뉴스
  • 정치

  2023-11-17

• U.S. announces massive additional sanctions to deter Russian war capabilities

      The U.S. government imposed further sanctions on Russia last Thursday, targeting the energy and drone sectors, and implementing measures to preventRussia's future war capabilities.    Energy sector   The United States has imposed restrictions on Russia's liquefied natural gas (LNG) exportsas a major LNG exporter and is pushing to expand LNG exports to Europe. As part of these measures, sanctions were applied to companies and individuals involved in the development, operation, and ownership of the Siberian Arctic-2 liquefied natural gas project.The sanctions on Arctic-2 LNG are designed to curtail Russia's future energy production capacity. Although Arctic-2 LNG is set to begin LNG exports shortly, theimpact of the sanctions remains unknown.    Drone Sector   The sanctions have extended to the drone sector, targeting companies and individuals involved in the design, production, and component procurement networks of KUB-BLA and Lancet suicide drones. Notable additions to the sanctions list include companies like ZALA Aero and A Level Aerosystems CST, aiming to curb Russian drone production capabilities that pose a threat on the Ukrainian front. Aleksandr Zakarov, the owner of ZALA drone, and affiliated individuals have also been subjected to sanctions.    Prevention of sanctions bypass   To counter sanctions evasion, the U.S. has addressed companies in the United Arab Emirates, Turkiye, and China, accusing them of exporting dual-use goods crucial for Russia's war efforts. Turkiye and UAE-based companies exporting banned parts to Russia, along with three Chinese companies supplying electro-optical equipment, cameras, and radars, have been added to the sanctions. This move comes amid diplomatic pressure on countries and companies to deter bypass activities.    Meanwhile, Russia has claimed that they are adapting toU.S. sanctions, implying that the West might experience more adverse effects from these measures.  

  • 뉴스
  • 정치

  2023-11-13

• EU Commission reviews Chinese wind turbine subsidies

    The EU Commission has considered an investigation into Chinese wind turbine manufacturers following an examination into Chinese electric vehicle subsidies. Didier Reynders, the EU Commissioner for Justice, suggested apossible investigation into subsidies for Chinese wind components last week. He emphasized the necessity for a response similar to the case of electric vehicle subsidies if there are indications of excessive Chinese government support for the wind industry.    Energy Commissioner Kadri Simpson, while urging caution against trade conflicts with China, acknowledged that if evidence of illegal trade practices like dumping emerges, taking certain measures would be inevitable. Some EU member states, however, take a cautious stance, considering the current situation as a highly political move that could strain relations with China.    The European wind industry faces challenges of unfair competition from inexpensive Chinese products. EU member states struggle to meet the EU's 2030 goal of 60 gigawatts(GW) of offshore wind power due to long permit procedures, high inflation, and fragile supply chains.    On the other hand, China is expanding its domestic turbine production through support from low-cost government loans.China has recently started full-fledged operations by winning orders for some renewable energy turbines in Serbia.    By using governmental subsidies, China expands domestic turbine production which operates at roughly one-third of the production cost compared to European or American companies. The widening cost gap impacts the European wind industry.   According to the Brussels-based think tank Bruegel, an investigation into China's subsidy practices would take at least a year, making it unable to address the immediate challenges confronting the European wind industry. Despite China's wind turbine exports to the EU being less significant than those of electric vehicles, it is anticipated that the Chinese government will adopt a comparable position to the scrutiny of electric vehicle subsidies once an investigation into wind turbines is initiated.    However, given that the intensifying trade dispute between the EU and China is contrary to the interests of both sides, the EU is unlikely to impose countervailing tariffs on wind turbines. The growing gap in turbine production costs between China and the West remains a significant challenge.

  • 뉴스
  • 정치

  2023-11-13