• 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."    

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

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

• 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

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

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

  • 뉴스
  • 정치

  2023-09-04

• Pakistan Textile Industry Crisis

  Pakistan's textile industry is facing fierce competition with Asian countries, with its declining position.   The majortextile-exporting countries are China, Germany, Bangladesh, Vietnam, and Pakistan.  Pakistan is the world's fifth-largest cotton exporter, with its textile industry accounting for 60% of the country's total exports.They are facing a crisis due to rising energy costs and national political conditions caused by the war in Ukraine.  Textile exports fell about 15% from $19.3 billion in Fiscal Year 21/22 to $16.5 billion in Fiscal Year22/23.  Pakistan Textile supplies cotton, knitwear, and linen to global brands such as ZARA, H&M, and Adidas.  Production fell to an all-time low, particularly as the worst downpour in 2022 flooded 45% cotton crops. As a result, exports were difficult due to a shortage of raw materials and an increase in production costs.  The clothing and textile sector accounts for about 40% of Pakistan's manufacturing workers.Unfortunately, it is estimated that 25-30% of textile factories are currently out of operation and about 700,000 jobs have been lost.  The Pakistani government announced plans to increase textile exports to $25.3 billion in 2025 and raise cotton production to 20 million bales by 2027.  However, Pakistani textile producers said that due to political instability and economic turmoil, it would not be possible to meet the textile export target.    

  • 뉴스
  • 경제

  2023-08-28

• Germany falls short of EU greenhouse gas reduction targets

    Germany is expected to pay up to 30 billion euros in fines for over-emission of more than 150 million tons of carbon, compared to the EU's carbon emission target.  The EU tries to accelerate the ‘Fit for 55’ package to reduce greenhouse gas emissions by at least 55%, compared to 1990 by 2030. In March, the EU adopted an amendment to Effort Sharing Regulation (ESR) to reduce carbon emissions by 40% compared to 2005.  ESR differentiates carbon emission targets for each member country according to the size of its economy. The five richest countries, including Germany, have been obliged to reduce carbon emissions by 50%.  In the case of Germany, it is analyzed that carbon emissions in the construction and transportation sectors have increased significantly. Accordingly, Germany was expected to purchase Certified Emission Reduction(CER)from other countries.  Germany chose an integrated reduction target, not a sector-specific one, stillconcernedabout the possibility that more than 200 million tons of excessive carbon emissionscould be produced by 2030.  Germany has already purchased 11 million carbon credits from Bulgaria, the Czech Republic and Hungary at low prices in the past.Analysts predict the implementation of the Fit for 55 package will reduce residual emissions and set high prices.  The gap between Germany's target and actual emissions is expected to grow 15 times from 2021 to 2027. As a result, at least 7.5 billion to30 billion euros of fines are expected in the future.  

  • 뉴스
  • 정치

  2023-08-28

• EU-U.S. Steel and Aluminum Tariff Negotiations Facing Challenges

    [Leaders Times] Negotiations between the EU and the U.S. on steel and aluminum tariffs are encountering difficulties as the October deadline approaches.    Both sides reached an agreement in October 2021, where the U.S., instead of exempting the 25% steel and 10% aluminum tariffs imposed by the previous Trump administration on national security grounds, agreed to impose tariff rate quotas (TRQ) based on the previous year's imports for EU steel and levy 25% and 10% , respectively, on steel exceeding the TRQ. This agreement took effect on January 1st and is set to expire on December 31st, with the provision that if no agreement is reached by the October 31st negotiation deadline, retaliatory tariffs by the U.S. on EU goods and the reinstatement of U.S. steel and aluminum tariffs will likely occur in the following year.    Regarding these negotiations, EU diplomatic sources have explained that both sides still have significantly differing positions, suggesting that reaching an agreement within the October 31st deadline is unlikely. However, it is worth noting that the timing for the reimposition of tariffs on steel and others is set for January of next year. Therefore, even if the October deadline for negotiations passes, there remains the possibility of further negotiations to prevent tariff reimposition.    The U.S. proposed replacing the steel and aluminum tariffs from the Trump administration with new tariffs based on carbon dioxide (CO2) emissions in the metal production process. This proposal aimed to protect U.S. steel industries with lower CO2 emissions during production and was seen as effectively maintaining the Trump administration's steel tariffs.    According to CRU International, a London-based private analytical company, the U.S. steel industry emits 1.24 tons of CO2 per ton of steel for flat steel, lower than Europe's 1.97 tons and the global average of 2 tons. For long steel products like wire, bars, and sections, the U.S. emits 460 kg of CO2 per ton of steel, compared to the EU's 810 kg and the global average of 1.88 tons. However, it is noted that the U.S. emits more CO2 in aluminum production compared to Europe.   The EU believes that the U.S. proposal has the potential to violate WTO agreements and that it must completely block any attempts by the U.S. to reintroduce steel tariffs based on national security in the future.    The EU has advocated for a "sustainable steel and aluminum agreement" by integrating its Carbon Border Adjustment Mechanism (CBAM), designed to create a level playing field for fair competition in the absence of carbon pricing systems like in the U.S., with traditional trade remedies. Regarding CBAM, the U.S. argued that its steel exports to the EU account for less than 1% of its total production, suggesting that the steel industry would not be significantly affected by CBAM. However, the U.S. demanded that the EU exempt its products from CBAM in case of future expansion. The EU currently opposes this.    To implement tariffs based on CO2 emissions and CBAM, both sides need data on carbon emissions for their domestic and imported steel products. They have agreed to establish a working group for data exchange and the development of a common emissions calculation method.    Regarding CO2 emissions data for steel, Ambassador Katherine Tai, U.S. Trade Representative, mentioned that her office has commissioned a CO2 emissions assessment report for dozens of steel and aluminum products produced in the U.S., which will also be disclosed to the EU. However, the deadline for this report is January 28, 2025, making it impossible to assess the CO2 emissions of various steel products by the EU-U.S. steel negotiation deadline of October 31st.    Therefore, it is suggested that both sides reach a general framework agreement beyond the negotiation deadline to prepare for the time after the submission of relevant reports. Additionally, even if the agreement on taxing based on carbon emissions fails, the U.S. and EU are likely to operate their respective tariff systems based on their own methods.  

  • 뉴스
  • 정치

  2023-08-22

• ASEAN-Related Summits in Indonesia: Collaborative Efforts and Key Discussions

    [Leaders Times] The East Asia Summit (EAS) and the ASEAN Plus Three Senior Officials’ Meeting (APT SOM) were convened on August 3, 2023, in Bali, Indonesia, the chairing country for 2023. Delegates from all ASEAN Member States, including the Plus Three Countries, and Timor-Leste as an observer, along with the Deputy Secretary-General of ASEAN responsible for the ASEAN Political-Security Community, attended these crucial meetings.   The ASEAN-related Senior Official's Meetings are typically held twice a year. Following the session in March this year, participants in this meeting discussed matters related to the follow-up actions to the July ASEAN-related Foreign Ministers' Meeting and preparations for the upcoming Summit scheduled for September.    During the morning session of the Senior Official's Meeting of the East Asia Summit (EAS), participants exchanged views on preparations for the EAS Summit and discussed measures to enhance its effectiveness. Additionally, a briefing was provided on the preparatory status of the ASEAN-India-Pacific Forum (AIPF), which is scheduled to coincide with the Summit, and there was a commitment to collaborate to ensure its success.    Lee Jang-Keun, the Ambassador of the Republic of Korea to ASEAN, reaffirmed South Korea’s support for ASEAN centrality and the ASEAN Outlook on the Indo-Pacific (AOIP). He also outlined efforts to strengthen cooperation with ASEAN in line with South Korea's Indo-Pacific strategy and the Korea-ASEAN Initiative (KASI). Ambassador Lee emphasized South Korea's commitment to implementing the EAS Action Plan (2024-2028), as adopted during the July EAS Foreign Ministers' Meeting, and supported the bolstering of the chairing country's role in the EAS.    Ambassador Lee pointed out that despite international concerns and warnings, North Korea had indicated its intent to continue nuclear and missile development through ballistic missile launches and last week's so-called ‘Victory Day’ military parade. To deter these actions, he underscored the importance of a resolute and unified international response, including measures to block funding sources for nuclear and missile development. Furthermore, concerns regarding dire human rights and humanitarian conditions in North Korea were expressed, highlighting the significance of international cooperation in addressing these issues.   Ambassador Lee also articulated South Korea's principled stance concerning the Ukraine conflict, Myanmar’s post-Coup crisis, and the territorial disputes in the South China Sea.   In the afternoon's ASEAN+3 Senior Official's Meeting, participants reviewed the state of ASEAN+3 cooperation, focusing on the theme of this year's chairing country, and discussed avenues for enhancing collaboration. Ambassador Lee elaborated on South Korea's contributions and initiatives for reinforced collaboration, particularly in substantive areas of inter-member cooperation such as finance and food security, as well as in areas of high ASEAN demand such as digital transformation and climate change adaptation.     Furthermore, Ambassador Lee conveyed South Korea's dedication to revitalizing trilateral cooperation among Korea, Japan, and China as chairing countries of the Korea-Japan-China Summits and as representative coordinators for ASEAN+3. He stressed the significance of maintaining open lines of communication and fostering strong cooperation with the governments of these two nations.        

  • 뉴스
  • 정치

  2023-08-22

• EU worries over Russia's attempt to expand its influence in developing countries through low-cost food

    The EU warned that Russia is seeking to expand its influence by exploiting economic vulnerabilities in developing countries and global food insecurity, such as proposing grain exports at discounted prices.  In a recent letter to developing countries and G20 members, EU foreign and security policy chief Joseph Borrell warned that Russia is trying to expand its influence over developing countries by using food as a weapon, including discounted grain exports to economically vulnerable countries. This is because the rise in grain prices is becoming a reality due to food security concerns after Russia's dismantlement of the Black Sea grain agreement.   Borrell stressed that developing countries should insist on with a clear and unified voice Russia's return to the Black Sea grain agreement and the suspension of attacks on Ukraine's agricultural infrastructure.  The move came in response to Putin's comments last week that Russia is ready to become an alternative exporter of Ukrainian grain in terms of commercial trade and aid to African countries.  Earlier, Russia refused to extend the agreement, saying that the export of Russian fertilizers and grains promised by the Black Sea grain agreement has not been implemented successfully. Since then, Russia has launched attacks on major agricultural infrastructure in Ukraine. Global food security concerns have emerged as a global issue due to rising grain prices.  The EU says it has no plan to impose any sanctions on Russian grain and fertilizer exports to third countries. EU is doing its best to ensure that sanctions against Russia do not affect third countries' food security.  

  • 뉴스
  • 경제

  2023-08-14

• President of Yoon Suk Yeol met with Peter Wennink, the CEO of ASML

    On the afternoon of July 28, President Yoon Suk Yeol met with Peter Wennink, CEO of ASML in the Netherlands, who visited Korea at the presidential office in Yongsan. The meeting between the president and Wenninkwas the second time following a meeting with semiconductor companies held in November last year following the Korea-Dutch summit.  ASML, one of the best semiconductor exposure equipment companies in the world, held a groundbreaking ceremony to create the "ASML Semiconductor Equipment Cluster" in Hwaseong-si, Gyeonggi-do on November 16, 2022. The cluster is expected to be completed in 25 years with a remanufacturing and training center through an investment worth about 240 billion won.  At this meeting, the president praised ASML, the only company that supplies extreme ultraviolet exposure equipment essential for semiconductor ultra-fine processes.    Earlier, in three meetings with Dutch Prime Minister Mark Rutte, the president shared the perception that the two countries, which share the universal values of liberal democracy and market economy, are ideal partners for economic security cooperation. Therefore, he stressed that if ASML establishes additional semiconductor equipment production plants in Korea following existing investments, it will greatly contribute to creating synergy between the semiconductor industries of the two countries as well as stabilizing global semiconductor supply chains.  Wennink, CEO of ASML,said he is very happy that the construction of a semiconductor cluster in Hwaseong, which began construction in November last year, is progressing smoothly. Furthermore, he positively evaluated the growth of Korean semiconductor companies, which are major customers, and Korea's investment conditions.    In the future, the president will continue to make various efforts to attract investment in Korea through continuous on-site communication with the global semiconductor industry.  

  • 뉴스
  • 정치

  2023-08-07

• EU-U.S. negotiations on steel and aluminum tariffs stalled

    Negotiations on steel and aluminum tariffs between the EU and the U.S. have been stalled before the imminent deadline in October.    An EU diplomatic official explained that the positions of the two sides are still largely divided, suggesting that it is not easy to reach an agreement within the negotiation deadline.    ● U.S. position The U.S. has proposed replacing the Trump administration's steel and aluminum tariffs with new tariffs based on carbon dioxide (CO2) emissions from the metal production process.  The U.S. proposal tried to protect the U.S. steel industry with low CO2 emissions in the production process, virtually keeping the same effect as Trump administration's steel tariffs intact.  ● the EU's position The EU believes the U.S. proposal could violate the WTO agreement and should be completely blockedby the possibility of the U.S. attempt to reimpose steel tariffs based on national security in the future.  The EU argued for signingthe"Sustainable Steel and Aluminum Agreement" by combining the "Carbon Border Adjustment Mechanism (CBAM) introduced to create a fair competitive environment with the United States with traditional trade remedies.   ● Evaluation of steel CO2 emissions Tariffs and CBAM imposition based on CO2 emissions require carbon emission data for each domestic and overseas steel product.EU and U.S. agreed to launch a working group to exchange related data and develop common emission calculation methods.  Regarding the steel CO2 emissions data, Katherine Tai's Trade Representative has asked the U.S. International Trade Commission (ITC) to evaluate CO2 emissions of dozens of steel and aluminum products produced in the country,which will also be released to the EU.  However, the deadline for this report is January 28, 2025.It is impossible to evaluate CO2 emissions of various types of steel products until October 31, this year, the deadline for EU-U.S. steel negotiations.  

  • 뉴스
  • 정치

  2023-08-07

• President of Yoon Suk Yeol presides over the 29th Cabinet meeting

    President Yoon Suk Yeol stressed the importance of speeding up the recovery and supporting the areas affected by heavy rains in his closing remarks at the Cabinet meeting on July 18.    In his remarks, the president said, "Taxpayers' money should be actively used to wipe people's tears caused by disasters." President also called for "reducing all political subsidies inflowed for corruption and putting them into 100% conservation ofdamaged farms andcollapsed villages." Furthermore, the president reiterated, "We have imposed fiscal austerity to spend money on things like this. Government can spend an abundance of money to wipe the tears of the people."  Regarding the recent trip to Eastern Europe, the president said, "It is impossible to have global economic cooperation without global security cooperation with NATO members and partners," adding, "Security cooperation is the basis for economic cooperation, high-tech science, and technology cooperation."  The president also mentioned, "We should show through actions, not just words, that we support Ukraine and share values." President emphasized that strengthening global security cooperation is the way for strengthening economic cooperation.  

  • 뉴스
  • 정치

  2023-07-31

• NAGAYAMEDIA visits nickel mining site in Sulawesi, Indonesia

    NAGAYAMEDIA visited the ‘nickel mine’site in Sulawesi, Indonesia, to understand local trends in the ‘nickel raw ore,’ a key mineral for secondary batteries.  They departed Incheon International Airport on April 27 and arrived at the Kolaka Nickel Mining Site via Jakarta.The trip proceeded with the help of Nagaya Technologies Pte Ltd.  Through the opinions of officials at the industrial site, it was possible to confirm the local trends and industrial status of ‘nickel raw ore.’  The Indonesian government has banned the export of nickel raw ore overseas since January 2020. Accordingly, nickel is being exported to smelted places. There are 15 nickel smelters in operation in Indonesia, of which 14 are owned by Chinese companies, excluding one small nickel smelter operated by the Indonesian government. This shows China's global market dominance, with nickel smelted through 15 smelters accounting for 37% of the world's supply.  In this industrial structure, there is no way for Korean companies to participate. In other words, there is no choice but to import the final smelted nickel from China's home country. Korea is attempting to decouple the nickel supply chain, and for this, a smelter should be built and operated in Indonesia. However, most current Korean companies are not interested in the construction and operation of smelters. In addition, even if a Korean company builds and operates a smelter, the task remains whether it will be able to win the local nickel raw ore procurement competition.  Local manager mentioned that “In order for Korean companies to establish a stable nickel supply chain, they will need to find local partner companies, seek ways to procure raw minerals through equity investments in nickel mines, and build and operate smelters."  

  • 뉴스
  • 경제

  2023-07-31