• 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.  

• 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.

• 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.

• 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.

• 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.  

• 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.  

• 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.   

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  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.

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  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.  

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  2023-11-17

• The Ministry of Foreign Affairs requests IAEA and CTBTO to play an active role in addressing the North Korean nuclear issue

    Lee Joon-il, head of the Foreign Ministry's North Korean nuclear diplomacy planning team, visited Vienna, Austria, to discuss North Korean nuclear issues, including the recent situation on the Korean peninsula with the International Atomic Energy Agency (IAEA) and the Comprehensive Nuclear-Test-Ban Treaty Organization (CTBTO).    In a meeting with IAEA Deputy Secretary-General Massimo Aparo on Thursday, Lee said North Korea has continued illegal nuclear activities and missile provocations. He also highlighted the nuclear threat to South Korea by stipulating the Nuclear Forces Act, including the pre-emptive nuclear use doctrine in the Constitution. Lee called on the IAEA to continue to play an active role in a united international response, as the North Korean nuclear issue is one of the most significant threats to the non-proliferation regime as well as international peace and stability.     Deputy Secretary-General Aparo expressed serious concern about North Korea's nuclear activities, saying the IAEA is closely monitoring North Korea's nuclear activities and maintaining readiness for verification. As stated in the IAEA's annual secretary-general's report released in August, Aparo urged North Korea to comply with the Security Council's resolutions and cooperate with the IAEA in implementing the safety measures agreement.    On the morning of October 6, Lee visited Robert Floyd, secretary-general of the CTBTO. While outlining South Korea's efforts to deter North Korea's provocations and complete denuclearization, Lee said that if North Korea, the only country in the world to conduct a nuclear test in the 21st century, proceeds with another nuclear test despite repeated warnings from the international community.It will also pose a major challenge to the CTBTO, the only international organization aimed at preventing a nuclear test.    Lee evaluated that the CTBTO is interested in the North Korean nuclear issue and continues to monitor related trends. He urged the international community to take the lead in responding quickly to North Korea's actual nuclear test and creating public opinion of condemnation.Secretary-General Floyd said the CTBTO maintains a 24-hour monitoring system for North Korea's nuclear test sites in close cooperation with the international community, including South Korea. He also called upon North Korea to refrain from conducting further nuclear tests.

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  2023-11-06

• President Yoon Suk Yeolholdsan emergencymeeting over the Israel-Hamas war

      On October 11, President Yoon Suk Yeol held an emergency economic security inspection meeting at the presidential office in Yongsan on the Israeli-Hamas war.    President Yoon has urged relevant ministries to prepare for the potential escalation as the conflict between Israel and Hamas heads toward an all-out war. With thousands of casualties already reported, the positions and interests of various countries have become deeply intertwined.    The Middle East crisis,in addition to the war in Ukraine, is likely to worsen international vulnerability in various sectors, including energy security and supply chain issues. It is important to take appropriate risk management measures to minimize the damage of the people.    President asked all relevant ministries to thoroughly prepare for any damage or danger to our people in terms of economy and security based on the issues discussed. He also noted, “We will closely examine and analyze the economic and security agreements that the Israel-Hamas crisis gives us, and continue to respond.”

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  2023-10-16

• President Yoon Suk Yeol hosted 75th Armed Forces Day celebration

      President Yoon Suk Yeol hosted the 75th Armed Forces Day celebrations at Seoul Airport andGwanghwamun area on Sep. 26. The characteristics of the Armed Forces Day event are as follows.    First, after 10 years since 2013, large-scale ceremonies and marches were held to show off the strong prowess of the Armed Forces. For the first time among the previous presidents, the president participated in the city march with the public, soldiers, and invited guests, making the Armed Forces Day event a place of communication with the people.    Second, on the occasion of the 70th anniversary of the Korea-U.S. alliance, the largest U.S. Forces Korea ever participated, showing the solidity of the ROK-U.S. joint defense posture. In the aerial split, U.S. Air Forces participated to protect the airspace of the Korean Peninsula.Moreover, more than 300 U.S. combat troops from South Korea participated in the afternoon march to declare the solidity of thealliance.    Third, through the exhibition of the latest development equipment and large-scale air division, the Korean military showed off its prowess as a strong force in the world. The latest domestic development equipment such as Long-distance Surface-to-Air Missile (L-SAM), the core of the Korean three-axis system, and Korea's next-generation Light Armed Helicopter (LAH) participated, giving a glimpse of the development of the Korean Armed Forces based on advanced science and technology and the status of South Korea as one of the world's four largest defense exporters.    This year's march was held for the first time in history as a "March with the People" in which the president marched from the statue of King Sejong, along with the ordinary people, Korean soldiers, and invited guests. At the end of the event, the president sent endless confidence in the military as commander-in-chief and asked the people to show their full interest and support for our military.  

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  2023-10-09

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

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

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  2023-09-04

• 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.  

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  2023-07-31

• Minister of Government Legislation Lee Wan-Kyu Visits U.S. Legislative Institutions

    [Leaders Times] Lee Wan-Kyu, Minister of Government Legislation, visited various U.S. legal institutions,includingthe U.S. Legislative Office of the House of Representatives, the State Department, the Department of Justice, and the Small and Medium Business Administration, from June 28th to July 2nd, for a three-night and five-day schedule.    The visit aims to strengthen cooperation in the legal field between the two nations through exchanges with U.S. legal institutions, commemorating the 70th anniversary of the ROK-U.S. alliance. It also seeks to explore ways to improve the legal administration in Korea by sharing the experiences and cases of the U.S. legal administration as a global standard.    On the afternoon of the 28th, Lee met with E. Wade Ballou Jr., the Legislative Counsel of the U.S. House of Representatives, and received an explanation about the overall legislative process of the U.S. Congress and the role of the House Judiciary Committee. They also discussed ways to effectively reflect the voice of the U.S. federal government, which does not have the right to submit bills, in the legislative process.    On June 29, the Minister also met Steven F. Fabry, the Deputy Legal Advisor of the U.S. Department of State. During this meeting, he listened to the role of the Department of State in diplomatic-related legislation and treaty-making processes. They also discussed institutional and non-institutional mechanisms to facilitate communication with Congress and resolve conflicts during the legislative process.    Afterward, Lee held meetings with Martin Lederman, the Deputy Assistant Attorney General in the Department of Justice's Office of Legal Counsel, and others. The Department of Justice's Office of Legal Counsel has many things in common with the Ministry of Government Legislation, as it is responsible for providing legal advice to the President and federal government agencies, as well as conducting legal reviews of congressional bills and presidential executive orders.    This meeting provided an opportunity to learn about the legal advisory system of the Office of Legal Counsel and gain important insights for Korea’s Legal Affairs Bureau, including recent cases related to the separation of powers between the U.S. Congress and the executive branch.    On June 30, the Minister met with Patrick Delehanty, the Director of the Office of Advocacy at the U.S. Small Business Administration, to share the experiencesof both countries in identifying and rectifying unfair laws and regulations that burden small business owners and SMEs. During this meeting, Lee introduced a recent case in which the Legal Affairs Bureau suspended or reduced sanctions to support small business owners who faced difficulties due to COVID-19 and economic crises.   Meanwhile, during meetings with various U.S. institutions, the Minister requested support and interest from the U.S. regarding Busan's bid to host the World Expo in 2030.    In addition, he met with Cho Hyun-Dong, the Korean Ambassador to the U.S., Park Il-Young, an Executive Director at the World Bank, and Kim Sang-Yeop, the Director of KOTRA Washington, to exchange views on major legal trends in the U.S.    Chief Lee Wan-Kyu expressed his thoughts on the visit, stating, "The United States is the country that gave birth to modern democracy with the presidential system," and further mentioned, "Through this visit, I will expand exchanges with advanced legal countries, including the U.S., and share and seek ways to improve the legal system of the Republic of Korea through diverse and substantive legal exchanges with countries around the world."

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  2023-07-28

• Foreign Minister Park Jin had meeting with IAEA Secretary-General

    Foreign Minister Park Jin met with Rafael Mariano Grossi, secretary general of the International Atomic Energy Agency(IAEA), who is visiting Korea, at the Foreign Ministry building on July 8.  Grossi explained to Minister Park the contents of the IAEA's comprehensive report on the safety of Japan's Fukushima nuclear power plant sewage discharge plan.  Minister Park explained that the Korean government has consistently maintained that contaminated water should be treated in an objective and scientific way, in accordance with international law and international standards under the principle of putting people's health and safety as priority.  On the other hand, Minister Parkrecalled Korea's continuous cooperation with the IAEA in nonproliferation and peaceful use of nuclear power as a founding member of the IAEA, especially the country's successful role as chair of the IAEA board for one year in the past.  Furthermore, Minister Park highly evaluated the IAEA's effort to resolve the North Korean nuclear issue, which has the highest authority and expertise in the field of nuclear nonproliferation.Both sides made an agreement for continuing cooperation more closely in response to the North Korean nuclear provocation. Ministeralso emphasizes the effort made by the IAEA and Secretary-General Grossito ensure the safety of nuclear power plants in Ukraine.

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  2023-07-17

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.  

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  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.

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  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.

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  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.

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  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.   

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  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.

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  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.  

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  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.  

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  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.  

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  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.

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  2023-11-13