• 최종편집 2024-05-17(금)

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  • SouthKorea'sNuclearAffairsDiplomacyHeadMeetsU.S.,Japan,andChinaRepresentativesat NEACD
        [LeadersTimes]LeeJoon-il,theDirector-GeneralforNorthKoreanNuclearAffairsatSouthKorea’s foreign ministry, held a series of discussions with representatives from the UnitedStates, Japan, and China during the 32nd Northeast Asian Cooperation Dialogue (NEACD),whichtook place from May9 to 10 inTokyo, Japan.    On May 9, Lee met with Liu Xiaoming, the Special Representative of the ChineseGovernmentonKoreanPeninsulaAffairs.Theyexchangedviewsonthecurrentsituationonthe peninsula and discussed future countermeasures.   On the same day, Lee held talks with the U.S. Senior Official for the DPRK Jung Pak andHiroyukiNamazu,theDirector-GeneralofAsianandOceanianAffairsBureauattheJapan’sforeign ministry. The three leaders expressed deep regret over North Korea's continuednuclear and missile development and provocations, which poses a serious threat to peace andstabilityon theKorean Peninsula andto the internationalcommunity.    The representatives also shared their concerns about the deepening illegal cooperation,including arms trade, between North Korea and Russia, and decided to continue leadinginternational efforts to prevent such activities. In particular, as members of the SecurityCouncil, they agreed to push for thorough implementation of sanctions against North Korea.This comes after Russia's veto ended the UN Security Council's expert panel mission onNorth Korea. The three countries also evaluated cooperative efforts among South Korea, theU.S., and Japan, including a working-group meeting on countering North Korea's cyberthreats.     The envoys agreed to continue cooperation on human rights and humanitarian issues,including matters concerning abductees, detainees, prisoners of war, and North Koreandefectors overseas.LeeexplainedSouth Korea'sunificationeffortstoexpand universalvaluesoffreedomandhumanrights,whileU.S.andJapaneserepresentativesreaffirmedtheirsupport for a free and peaceful unified Korean Peninsula as expressed in the Camp Davidjoint statement.    On May 10, Lee discussed North Korea's nuclear issues with U.S. senior official Jung Pak.They agreed to maintain close cooperation with the goal of complete denuclearization. Theyalso discussed preparing for all possibilities, including potential provocations from NorthKorea such as an additional satellite launch and unilateral attempt to change the status quo inthe West Sea. Following the successful operation of the South Korea-U.S. Working Group tocounter cyber threats, they agreed to continue efforts to prevent North Korea from evadingsanctions and blocking illegal funding sources. Lee highlighted South Korea's efforts toimprove human rights and humanitarian issues in North Korea, and both sides agreed tostrengthen their cooperation in these areas. They emphasized the importance of China'sconstructive role in resolving Korean Peninsula issues and agreed to maintain communicationwith China through various levels of consultation.
    • Global News
    • 영어뉴스
    2024-05-16
  • Ministry of Oceans and Fisheries and International Maritime Organization (IMO)Jointly Discuss Autonomous Ship Policy
      [Leaders Times] The Ministry of Oceans and Fisheries announced that a policy discussionwiththeInternationalMaritimeOrganization(IMO)willbeheldattheIMOheadquartersinLondon, England, on May 14th.    The ministry has been organizing this policy debate since last year to enhance Korea'stechnological competitiveness and facilitate its entry into new markets by leading thediscussion on international standards for autonomous ships—Maritime Autonomous SurfaceShips (MASS). Around 300 government officials and experts from member countriesparticipated in last year's debate, generating significant interest and positive responses.    This year's event will be themed "Sailing Together: Driving for a Future-Proof IMO MASSCode."ItwillfeatureacongratulatoryspeechbyYoonYeo-chul,AmbassadortotheUnitedKingdom and the Republic of Korea's Ambassador to the IMO, along with presentations bydomestic and international experts. Korea will also showcase empirical cases of MASStechnologydeveloped by itsresearch institutes and industry.    Minister of Oceans and Fisheries Kang Kyung-hyung stated, "MASS is one of the key issuesthe IMO is focusing on, alongside decarbonization. It is crucial to actively engage in settinginternationalstandards."Headded,"WeexpectthatKoreawillestablishitsimageasaleaderin autonomous ships through this policy discussion and foster cooperation with manymember countries."    
    • Global News
    • 영어뉴스
    2024-05-16
  • Streptococcal Toxic Shock Syndrome (STSS): All You Need to Know
          [Leaders Times] Streptococcal Toxic Shock Syndrome (STSS)      ∨ Invasive infection by Group A strep bacteria can cause STSS when they spread into the body.      ∨ According to the Centers for Disease Control and Prevention (CDC), the mortality rate for STSS is around 30~70%.     ∨ Recommend medical care to high-risk groups (adults 65 years old or older, diabetic patients, etc.) if they have possible symptoms, such as fever, rash, hypotension, etc.      ∨ Infection prevention (washing hands and cough etiquette) is essential.    ㆍ High-risk groups:    - Adults 65 years old or older     - Diabetic patient     - Case that injury caused by recent surgery     - Viral infection, which can occur in exposed wounds (Varicella)     - Alcoholism   ㆍPossible symptoms:     - High fever and Rash    - Hypotension (Low blood pressure)     - Tachypnea (Rapid breathing) and Dyspnea (Shortness of breath)     - Muscle aches    - Surgical site infections     - Edema      Symptoms, route of infections, and treatments   ㆍSign and symptoms:     - Early signs and symptoms: mild symptoms, such as sore throat, like influenza (flu) in the early      - STSS can develop into high fever, rash, Hypotension, Dyspnea, Necrotizing fasciitis, and multiple organ dysfunction syndrome       · Route of infection:    - Infection through mucous membrane and the part of wound     - Coughs and sneezes (respiratory droplets) spread viral infection.          · Treatment and vaccine:    - There are no vaccines for STSS    - Quick treatment at a medical facility is necessary when possible symptoms* come out     * High fever, Rash, Hypotension, Muscle aches, Surgical site infections, Edema, etc.      Prevent STSS  · Practice cough etiquette · Wash hands often   · Do not touch your eyes, nose, and mouth with unwashed hands  · Clean and cover wounds with a clean bandage  · See a doctor when possible symptoms occur  * (Suspicious symptoms) High fever, Rash, Hypotension, Muscle aches, Surgical site infections, Edema, etc.  · Recommendation of vaccination for Varicella and Influenza   *  Risk infections of Group A strep bacteria can increase because of infection of Varicella and Influenza           ※ Streptococcal Toxic Shock Syndrome (STSS) is not defined as a legal infectious disease in Korea, but a medical facility operates sentinel surveillance through △ Epidemiological surveillance for patients with scarlet fever and △ Monitors acute respiratory infections (AirNet)!  
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    • 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!   
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    • 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
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    2024-03-18
  • Cofounding Angel for Kor-Fils’s Journey with Leaderstimes,
        I contributed to donating aid to single parent Korean Filipino households since 2021. Starting off as a journalist for Leaderstimes, I got in touch with the Philippines coordinator Mr. Kong to help create the NGO with Global Leaders Club. As our organization funded the education for Filipino children throughout the years, I decided to visit two of the families supported by Angel for Kor-Fils’s Journey in Silang, Philippines.   Silang, situated an hour away from Metro Manila, unfolded as a testament to the socio-economic disparities prevailing in the country, as the families supported by the nonprofit organization resided in homes with bare minimum support.   Despite the challenges posed by their living conditions, Jisoo and Jinju, two remarkable individuals aged 10 and 16, opened their homes and hearts to me. What stood out amidst these challenging circumstances was the extraordinary passion for education exhibited by Jisoo and Jinju. Jisoo, at the age of 10, harbors dreams of becoming a medical doctor, with a fervent interest in science. As she delves into the intricacies of biology, exploring different organs, her aspiration to contribute to the medical field shines brightly. On the other hand, 16-year-old Jinju found a love for accounting and business, looking to start her own business one day to support her family.   These dreams, woven with determination and resilience, are particularly remarkable given their humble beginnings. The undying enthusiasm for education and clear career goals set Jisoo and Jinju apart. Our culture exchange trip, sharing Korean culture through gifting folktale books and a traditional Korean board game Yut-nori, hoped to encourage the young scholars to embrace both their Korean and Filipina identities while pursuing their educational goals. I have no doubt that the girls will find success as long as they maintain their persistence and patience.   I realized how much potential there is in every child through conversations with the families during the trip. Providing scholarships and support for education, I was honored to be able to provide the chance for economically disadvantaged to shine. With Leaderstimes and Global Leaders Club, I seek to continue my multicultural, philanthropy and expand Angel for Kor-Fils’s Journey to more households in need. As we’ve already expanded into Cambodia, I hope Global Leaders Club members will join in our support for the underprivileged.
    • 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.
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    2024-02-19
  • Smart Animal Husbandry, First Step for Future Livestock Industry
    Minister Song Mi-ryung visited the smart livestock farm in Pyeongtaek-si, Gyeonggi Province, encouraged youth ranchers, listened to the difficulty of the place, and discussed the expansion of smart animal husbandry. Livestock facility[Leaders Times] On February 6th at 4:30, Minister of Agriculture, Food and Rural Affairs Song Mi-ryung visited the smart piggery in Pyeongtaek-si, Gyeonggi Province, observed the place of smart animal husbandry, and conducted a meeting about a method of expansion of smart animal husbandry with youth ranchers who are practicing future smart livestock. Livestock farm (Rosefarm), where she visited, is a smart piggery that optimizes feed supplements to retrench approximately 19% of feed cost compared with normal farms, considering the growth stages of mother pigs and piglets and brings a system of exhausting air in the center and air washer in to decrease odor innovatively. Minister Song declared the schemes to reinforce necessary support for the expansion of smart livestock and to emphasize smart animal husbandry as the powerful way of advancing the livestock industry that overcomes the problems of livestock farming through the scientific control of odor and animal disease and the improvement of production. Also, she heard diverse opinions from youth ranchers, smart equipment manufacturers, and people from a public institution that certifies livestock products (KAPE) at the meeting after visiting a smart piggery.At this meeting, the youth ranchers suggested ▲enforcement of expansion and supplement of smart farms focused on solutions, ▲increasing opportunity and experience of youth farmers, such as practical education, and ▲establishing big data platforms for the smart equipment and expansion of the use of solutions. Minister Song responded that the Agriculture, Food and Rural Affairs will create a performance model of each type and field for smart animal husbandry and increase the opportunity experience steadily. Moreover, she declared to find a varied improvement plan for the achievement and creation of smart livestock. Minister of Agriculture, Food and Rural Affairs Song Mi-ryung said that future growing industrialization of the agricultural industry needs to foster an agricultural innovative ecosystem that encourages youth ranchers’ creative ideas and capability. She requested that fervor and innovation youth ranchers who were at the meeting might endeavor to expand to a good model of society with related organization.”
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    2024-02-08

실시간 영어뉴스 기사

  • Poland and Two Other Countries Impose Ban on Grain Imports from Ukraine
      [Leaders Times] The European Commission (EC) has declared that it will not extend the temporary import restrictions on Ukrainian grains, which were initially agreed upon by Poland, Hungary, Slovakia, Romania, and Bulgaria earlier this year. These measures were introduced to prevent the influx of cheap Ukrainian grains, which could disrupt the market and harm domestic farmers. However, Poland, Hungary, and Slovakia have announced a ban on the exclusive import of grain from Ukraine.    Hungary, believing that the EC has ignored the challenges facing European agriculture, has taken unilateral action to prohibit the import of 24 agricultural products from Ukraine, including grains, sunflower seeds, some meats, honey, and eggs. Poland also opposes the decision of the EC not to extend the restrictions and has announced a ban on the import of Ukrainian wheat, maize, and other products to protect the interests of its own farmers. Likewise, Slovakia has imposed restrictions on the import of four grain products from Ukraine, including wheat, maize, and sunflower seeds, to prevent excessive pressure on the local agricultural market and maintain a fair marketplace for farmers.    Meanwhile, the Ukrainian government filed a complaint to the World Trade Organization (WTO) against three countries, Poland, Hungary and Slovakia, and impose retaliatory measures on some Polish agricultural products. The three states will be sued based on the WTO agreement, not the EU-Ukraine bilateral agreement, in order to file a complaint with the international community about how some member states behave toward the EU and its EU trading partners. Furthermore, since Poland's import restrictions have the greatest impact on Ukrainian farmers, it plans to ban the import of Polish agricultural products such as fruits and vegetables unless Poland withdraws the measures.     TarasKachka, Deputy Minister of Economy and Trade Representative of Ukraine, noted that public opposition to the EU from Poland, Hungary and Slovakia could raise the biggest structural concerns regarding the EU's international trust as a partner representing all member states.Regarding Poland and others' claims that it protects farmers from falling prices due to the influx of low-cost grain from Ukraine, he criticized that grain prices are determined at a global level, and that Poland's measures have little impact on the price of its agricultural products and will not be of much help to farmers.
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    2023-10-22
  • The EU Commission to Review Subsidies for Chinese Wind Turbine Manufacturers
      [Leaders Times] The EU Commission is contemplating the launch of an investigation into subsidies provided to Chinese wind turbine manufacturers, following its previous inquiry into Chinese electric vehicle subsidies.    Last week, the European Commissioner for Justice Didier Reynders hinted at a potential probe into subsidies for Chinese wind components. He pointed out that any Chinese government subsidies to the wind industry should be examined, much like the investigation into electric vehicle subsidies.    The European Commissioner for Energy Kadri Simpson also weighed in on the matter on the 9th (Monday), expressing the desire to avoid trade conflicts with China. However, she emphasized that if there is evidence of illegal trade practices like dumping, taking action would be necessary.     Nevertheless, some EU member states are exercising caution, as they view this investigation as highly political and potentially detrimental to EU-China relations.    The European wind industry has been grappling with challenges such as unfair competition from inexpensive Chinese products, lengthy permit procedures, rising inflation, and fragile supply chains, making it difficult to meet the EU's 2030 target of 60 gigawatts (GW) of offshore wind power.    Conversely, China is bolstering its domestic turbine production through government support and low-cost loans. As a result, Chinese companies have entered the market with lower production costs, roughly one-third of those of European or American counterparts, thus widening the gap between China and the West.    Meanwhile, the Brussels-based Bruegel Institute has spent at least a year examining China's subsidy practices. However, this investigation may not offer immediate solutions to the challenges currently faced by the European wind industry.    While Chinese wind turbine exports to the EU are smaller compared to electric vehicles, the Chinese government is expected to respond similarly to the electric vehicle subsidy investigation when this inquiry is initiated.     Given that an escalating trade dispute between the EU and China is against the interests of both sides, it's unlikely that the EU will impose countervailing tariffs on wind turbines at this juncture. The gap in turbine production costs between the analyzed country and the West continues to widen.  
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    2023-10-22
  • EU Environment Ministers Agree on CO2 Emission Cuts for Heavy-Duty Vehicles
        [Leaders Times] On October 16th, 2023, the EU Environment Council reaffirmed their stance regarding revised CO2 emission reduction targets for new freight vehicles.     In February, the EU Commission proposed amendments to enforce a 45% reduction in CO2 emissions by 2030 for new heavy-duty trucks and buses compared to 2019, with more substantial reductions of 65% and 90% set for 2035 and 2040, respectively.    The EU Council accepted the Commission's CO2 reduction targets as they were presented. However, they agreed to postpone the 100% CO2 reduction target for city buses until 2035, instead of the initially proposed 2030, with an 85% interim reduction target for 2030.    This decision was made considering that some member countries, including France, the Czech Republic, and Romania, have already invested in biogas-powered city buses in provincial cities.    In addition, the EU Commission will propose related amendments by 2027, after conducting an analysis of the law's impacts. They will also publish an analysis report on the recharging challenges faced by hydrogen and electric trucks operating within and outside the EU, addressing Poland's specific request.    The introduction of the Carbon Correction Factor (CCF), a major focus of the amendment, did not gain approval. With support from the Czech Republic, Slovakia, and Poland, Italy proposed deducting the portion of biofuels and synthetic fuels when calculating carbon emissions through the introduction of carbon adjustment coefficients.    On the other hand, a number of member countries, including Germany, Denmark, and Sweden, opposed the introduction of carbon adjustment coefficients. They argued that this would undermine the amendment's intended purpose. Notably, heavy-duty vehicle industries such as Volvo also objected to the introduction of these coefficients.    As a compromise, it was agreed to reassess how carbon adjustment coefficients could contribute to the carbon-neutralization of large vehicles when reevaluating the bill in 2027.    Meanwhile, the European Parliament is scheduled to confirm its position on the amendment on October 24.    
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    • 정치
    2023-10-22
  • EU Commission launches investigation into Chinese EV subsidies
      The EU Commission officially launched an investigation into whether Chinese electric vehicle subsidies are causing damage to the EU electric vehicle industry.    The items under investigation are electric batterycars manufactured in China, regardless ofbrand.EU plans to look into the detailsof whether subsidies received by production companies and exporters cause damage to the European auto industry.    The Commission may impose provisional countervailing duties within nine months after the commencement of the investigation. The provisional duties will convert into a final tariff according to the final results within 13 months.    The investigation into Chinese electric vehicle subsidies came after European Commission President von der Leyen expressed her investigation plan at the European Parliament's annual address last month.The whole procedure is based on executive authority.    France pressed for aninvestigation of Chinese electric vehicle subsidies on the commission, saying the European electric vehicle industry is suffering from a surge in imports of Chinese electric vehicles.   On the other hand, Germany is cautious about invoking trade relief measures against China, fearing that its auto industry may suffer damage due to a full-scale trade dispute with China.    In response, China's Ministry of Commerce expressed deep concern and strong opposition as the survey negatively affects bilateral economic and trade relations. Chinese authorities stressed close monitoring ofEuropean future measuresand presented their willingness to firmly protect the legitimate interests and rights of Chinese companies.  
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    2023-10-16
  • 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
  • President Yoon Suk Yeol delivered keynote speech at 78th U.N. General Assembly
        President Yoon Suk Yeol delivered a keynote speech at the plenary session of the United Nations General Assembly on September 20.    At a general discussion at the U.N. General Assembly held under the theme of "Restoring Trust and Reigning Global Solidarity," President Yoon expressed his willingness to contribute actively to resolve challenges including global gaps.   President Yoon pointed out that the gap between countries is widening amid a complex crisis such as the division of values and ideologies caused by the war in Ukraine,the contraction of the global economy and the escalation of the food and energy crisis. In particular, the president raised three global gaps, which are the development gap, climate gap, and digital gap, suggesting support directions to mitigate the disparity.    First of all, President Yoon stressed that countries with financial resources and technological capabilities should play a responsible role in bridging the development gap. Despite this year's tight fiscal stance, President emphasized that he has expanded the size of the official development aid (ODA) government budget by more than 40 percent next year. With the expanded ODA, Korea will promote customized development cooperation for recipient countries.    With extreme climates such as heatwaves, heavy rains, and typhoons becoming a daily occurrence in relation to the climate gap, the Green ODA will be expanded by donating an additional $300 million to the Green Climate Fund (GCF) to help climate-vulnerable countries reduce carbon emissions. In particular, the Korean government would widely utilize and share Carbon-Free Energy (CFE) such as nuclear power plants and hydrogen as well as renewable energy as a realistic alternative to achieving carbon neutrality goals.   President Yoon noted that Korea will play a responsible role in protecting international peace and security as a non-permanent member of the Security Council for 2024-2025. In accordance with the pledge of the 'Ukraine Peace Solidarity Initiative', Koreawill implement comprehensive support programs such as security, humanitarian and reconstruction for Ukraine. It reiterated its intention to donate $300 million next year and prepare a long-term support package of more than $2 billion.    President Yoon has attended the U.N. General Assembly for the second consecutive year, strengthening the international community's support base for our foreign policy.  
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    2023-10-09
  • The constant rise of Russian crude oil export
      Despite Western sanctions against Russia over the war in Ukraine, Russian oil exports continue to rise.    The EU, G7 and Australia introduced a price cap of $60 per barrel for Russian crude oil in December last year, pushing to curb war financing through Russian crude oil exports.    However, Russian crude oil exports rose 50%this spring due to rising crude oil prices and a reduction in Russian crude oil discount rates.    In August, Russian crude oil exports via sea transport were mostly shipped without Western insurance. (The crude oil price cap is implemented in the form of restrictions on transportation and insurance services)    Russia plans to neutralize Western sanctions by finding new export destinations, such as recently starting exports of CPC Blend crude oil to the United Arab Emirates (UAE).    According to Russia's policy to diversify oil export lines, Russia's largest crude oil importers are currently China, India, and Turkey, and exports to Brazil, Sri Lanka, and Pakistan have also increased.    Meanwhile, the crude oil recently exported to the United Arab Emirates is CPC Blend crude oil, which was produced in Kazakhstan and supplied to the international market through the Russian Black Sea port. The UAE has not joined sanctions against Russia.    The U.S. Office of Foreign Assets Control (OFAC) pointed out that CPC blends are not subject to sanctions if they are originally from Kazakhstan. It is crucial for importers to check a certificate of origin.    According to some crude oil market officials, some crude oil exported from Russia is sometimes turned from Russian crude oil to Kazakhstan's origin.  
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    2023-10-02
  • President Macron announces France's 'green transition package'
      French President Macron announced the so-called ’green transition package’ on the 25th, which includes a series of measures to halve France's greenhouse gas emissions by 2030.    President Macron emphasized that France's eco-friendly transition should not be an unreasonable obligation, suggesting that a series of measures in the package were designed as an incentive method.    With the U.K.'s recent retreat for its climate change response goals ahead of the election and Germany expressing skepticism about the EU's environmental legislation plan, President Macron expressed his willingness to respond to climate change through the package without presupposing the burden on citizens.    The government plans to add 7 billion euros to next year's budget to cope with climate change. 2.2 billion euros will be provided to enhance building energy efficiency, 1.8 billion euros to develop advanced energy technologies such as hydrogen and biomass, and 1.4 billion euros to develop farms and forests.    President Macron recently mentioned that France's 50 largest greenhouse gas emitters promised to reduce greenhouse gas emissions by 45% on the condition of financial support, and plans to close two remaining coal plants in 2027. (The second coal plant was scheduled to close in 2022, but it was extended due to the energy crisis.)   However, thereis skepticism about whether France, which belongs to theEU joint electricity market, will be able to regain control ofelectricityprices within the year independently.       Meanwhile, the package mainly focuses on emissions reduction targets and clean technology industry production targets. The French government will announce biodiversity strategies and specific plans in October and December, respectively.  
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    2023-10-02
  • Three countries including Poland announce ban on Ukraine's grain imports
        Poland, Hungary and Slovakia have announced the introduction of a ban on Ukrainian grain imports.    The EU Commission has announced that it will not extend temporary import restrictions on Ukrainian grain from five countries: Poland, Hungary, Slovakia, Romania and Bulgaria.    The measure was agreed by the EU Commission and five Middle Eastern European countries, including Poland, earlier this year.It was introduced to temporarily ban imports to prevent the inflow of cheap grain from Ukraine, resulting in market disruptions and damaging farms.    Poland has expressed opposition to the decision which refusesthe extension, announcing a ban on imports of Ukrainian wheat and corn to protect the interests of Polish farmers.   In particular, wind power, which has been called a success story in Europe, faces various challenges.EU plans to propose a "European Wind Power Package" bill that will support rapid permits, improvement of power auction systems, manpower, financing, and stable supply chains.    Meanwhile, the Ukrainian government plans to file a complaint with the WTO against three countries, Poland, Hungary and Slovakia.Ukrainealready imposed retaliatory measures on some Polish agricultural products.    TarasKachka, head of Ukraine's trade representative, pointed out that the public backlash against the EU from Poland, Hungary and Slovakia could cause the biggest structural concerns regarding the EU's international trust as a partner representing all member states.    In particular, since Poland's import restrictions have the greatest impact on Ukrainian farmers, the government plans to ban the import of Polish agricultural products such as fruits and vegetables unless Poland withdraws the measures.    Regarding the claims that they protect farmers from falling prices due to the influx of low-cost Ukrainian grains, Ukraine criticized that grain prices are determined at a global level.    
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    2023-09-25
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