• Overseas Consuls General Meeting Discusses Global Multilateral Diplomacy

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

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

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

• MDCP Holds 9th Operating Committee Meeting

    The 9th Operating Committee meeting of theMulti-agency Donor Coordination Platform for Ukraine (MDCP) took place in Kyiv, Ukraine, on April 10. The meeting was attended by Kang Seok-hee, South Korea’s government representative supporting Ukraine’s reconstruction efforts. This was the first in-person meeting since South Korea joined the MDCP in February 2023.  Major donor countries and institutions at the meeting expressed their unwavering support for Ukraine’s reconstruction and recovery efforts. They issued a joint statement outlining financial support direction for Ukraine for 2024-25. The statement emphasized contributions to Ukraine’s urgent recovery needs in 2024, such as protecting energy infrastructure and securing alternative power sources. Countries also agreed to launch a Business Advisory Council, composed of private enterprises, at the upcoming Ukraine Recovery Conference in Berlin in June 2024.  Attendees praised Ukraine’s commitment to reforms and efforts to secure sustainable economic growth. They highlighted the importance of enhancing the effectiveness of international support and expanding the participation of the private sector in the reconstruction and recovery process.  South Korea reiterated its commitment to supporting Ukraine through humanitarian aid and long-term reconstruction in areas such as infrastructure, healthcare, and education. This support aligns with the 'Ukraine Peace Solidarity Initiative' announced during President Yoon Seok-yeol's visit to Ukraine in July 2022.  The next MDCP Operating Committee meeting is scheduled to take place in Berlin in June during the Ukraine Recovery Conference.

• ASEAN-ROK Dialogue: Strengthening Partnerships and Addressing Regional Challenges

    The annual Deputy Ministerial Meeting between Korea and ASEAN countries, known as the 'ASEAN-ROK Dialogue,' convened on April 4th to assess the current state of cooperation and discuss future directions. This year marked the 35th anniversary of establishing the ASEAN-ROK dialogue relations, underscoring the significance of the occasion.    The dialogue aimed to establish the Comprehensive Strategic Partnership (CSP), representing the highest level of partnership between Korea and ASEAN. It provided a platform to review the current state of Korean-ASEAN cooperation, exchange views on future development directions, and discuss regional and international situations.    In the opening remarks, Deputy Minister Chung Byung-won emphasized the importance of strengthening relations with ASEAN and the full-scale implementation of the Korean-ASEAN Solidarity Initiative (KASI). He highlighted strategic coordination, digital transformation, and climate change response as key areas for mutual cooperation.    The Deputy Minister elaborated on how the Korean-ASEAN Solidarity Initiative contributes to ASEAN's goal of building three pillars of community by 2025. He emphasized the need to expand cooperation in future industries such as digital technology, electric vehicles, and smart cities to enhance supply chain stability and resilience.    Participants also exchanged views on major regional and international issues, including the situation on the Korean Peninsula, developments in the South China Sea, the issue of Myanmar, the Israel-Hamas conflict, and the war in Ukraine.    ASEAN reaffirmed its support for Korea's North Korea policy, including its ‘Audacious Initiative.’ The dialogue concluded with a renewed commitment to strengthen partnerships and address regional challenges, underscoring the importance of cooperation between Korea and ASEAN in promoting peace, stability, and prosperity in the region.    Overall, the ASEAN-ROK Dialogue provided a valuable opportunity for both sides to deepen cooperation, enhance mutual understanding, and address shared challenges in the years ahead.  

• Convening the 3rd summit for democracy

    On March 18, 2024, the Korean government, alongside the governments of the United Kingdom, Ecuador, and the United States, co-hosted the Third Democracy Summit Ministerial Meeting in Seoul. Focused on the theme of 'AI/Digital Technology and Democracy,' the summit aimed to address the evolving intersection of technological innovation and democratic principles.  The Ministerial Meeting marked the initiation of the Third Democracy Summit, which spanned three days from March 18 to March 20, and drew over 400 participants. Among them were approximately 30 government officials at the ministerial and vice-ministerial level, representatives from diplomatic corps stationed in Korea, as well as individuals from civil society, industry, and academia.  In the welcoming remarks, President Yoon Suk-yeol underscored the pivotal role of democracy in Korea's journey, rooted in universal values such as freedom, human rights, and the rule of law. He expressed Korea's commitment to sharing its democratic development experience with the global community through the Summit.  Foreign Minister Cho Tae-yeol, in his opening speech, highlighted the significance of technological innovation amid global democratic challenges. He emphasized the intertwined nature of artificial intelligence, digital technology, and democracy, acknowledging both the opportunities and challenges.  Throughout the Ministerial Meeting, representatives from participating governments emphasized the imperative for democratic nations to exchange policies and experiences concerning digital technology's impact on democracy. They stressed the need for collaborative efforts to harness the benefits of digital innovation while safeguarding democratic values.   The meeting facilitated comprehensive discussions on the implications of rapidly advancing artificial intelligence and digital technology for future generations' democracy. It served as a platform for fostering international consensus on the responsible use of emerging technologies in alignment with democratic principles.  

• Enhancing International Cooperation for Research on Emerging Infectious Disease Response among Korea, U.S., and Japan

      The Korea Centers for Disease Control and Prevention (KCDC) and the National Institute of Health (NIH), under the leadership of Director Park Hyun-young and Director Jang Hee-chang respectively, have announced the forthcoming 2024 International Conference on Emerging Infectious Diseases in the Pacific Rim (EID). Scheduled to take place from March 5th to 8th, the event will span four days and will be hosted at the Grand Hyatt Incheon Hotel.    This collaborative effort is spearheaded by the National Institute of Allergy and Infectious Diseases (NIAID) of the United States, in partnership with the Japan Agency for Medical Research and Development (AMED) and the Korea National Institute of Infectious Diseases (NIID). Additionally, the International Vaccine Institute (IVI) will participate as a partner institution.   The conference will commence with welcoming remarks from Director General Ji Young-mi of the KCDC, Dr. Diane Griffin, a Professor at the Johns Hopkins Bloomberg School of Public Health, and Dr. Hiroshi Kiyono from Chiba University. The overarching theme of the conference will revolve around "Rapid Emergence of Pathogens Due to Climate Change and Pandemic Preparedness."    As an integral part of the event, the NIID will organize the 2nd International Symposium for Infectious Diseases Research Institutes Cooperation (IDRIC) on March 8th, aimed at bolstering collaboration among domestic and international research institutions.    Under the theme "Current Status and Rapid Development Strategies for Vaccine and Therapeutics Development against Pandemic Preparedness," IDRIC will feature discussions focusing on the development of vaccines and treatments in response to the "Government-wide Mid-to-Long-Term Plan for Preparedness against Emerging Infectious Diseases."    Director Jang Hee-chang of the NIID expressed, "We plan to enhance close cooperation with domestic and international institutions and companies by developing treatments and vaccines for emerging infectious diseases in cooperation with the United States, Japan, and others, and upgrading infrastructure, such as establishing a national advanced vaccine development center."    

• Streptococcal Toxic Shock Syndrome (STSS): All You Need to Know

        [Leaders Times] Streptococcal Toxic Shock Syndrome (STSS)      ∨ Invasive infection by Group A strep bacteria can cause STSS when they spread into the body.      ∨ According to the Centers for Disease Control and Prevention (CDC), the mortality rate for STSS is around 30~70%.     ∨ Recommend medical care to high-risk groups (adults 65 years old or older, diabetic patients, etc.) if they have possible symptoms, such as fever, rash, hypotension, etc.      ∨ Infection prevention (washing hands and cough etiquette) is essential.    ㆍ High-risk groups:    - Adults 65 years old or older     - Diabetic patient     - Case that injury caused by recent surgery     - Viral infection, which can occur in exposed wounds (Varicella)     - Alcoholism   ㆍPossible symptoms:     - High fever and Rash    - Hypotension (Low blood pressure)     - Tachypnea (Rapid breathing) and Dyspnea (Shortness of breath)     - Muscle aches    - Surgical site infections     - Edema      Symptoms, route of infections, and treatments   ㆍSign and symptoms:     - Early signs and symptoms: mild symptoms, such as sore throat, like influenza (flu) in the early      - STSS can develop into high fever, rash, Hypotension, Dyspnea, Necrotizing fasciitis, and multiple organ dysfunction syndrome       · Route of infection:    - Infection through mucous membrane and the part of wound     - Coughs and sneezes (respiratory droplets) spread viral infection.          · Treatment and vaccine:    - There are no vaccines for STSS    - Quick treatment at a medical facility is necessary when possible symptoms* come out     * High fever, Rash, Hypotension, Muscle aches, Surgical site infections, Edema, etc.      Prevent STSS  · Practice cough etiquette · Wash hands often   · Do not touch your eyes, nose, and mouth with unwashed hands  · Clean and cover wounds with a clean bandage  · See a doctor when possible symptoms occur  * (Suspicious symptoms) High fever, Rash, Hypotension, Muscle aches, Surgical site infections, Edema, etc.  · Recommendation of vaccination for Varicella and Influenza   *  Risk infections of Group A strep bacteria can increase because of infection of Varicella and Influenza           ※ Streptococcal Toxic Shock Syndrome (STSS) is not defined as a legal infectious disease in Korea, but a medical facility operates sentinel surveillance through △ Epidemiological surveillance for patients with scarlet fever and △ Monitors acute respiratory infections (AirNet)!  

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  2024-04-01

• How is the blossoming season predicted in spring?

        [Leaders Times] Pretty spring flowers!     How is the blossom season predicted in spring?   Climate change instigates flowers blooming even earlier.     Daily articles report the blossom season appearing earlier than in the past century. How can we anticipate the blooming of flowers, which vary depending on each region, town, or avenue? And why is flowering influenced by climate change?    Temperature and photoperiod are necessary for blooming.   According to one study, plants recognize seasonal change, which is affected by temperature and photoperiod (the length of light), and flowers bloom when they get the best conditions for flowering. So, diverse services announce the blossom season, except for the weather service after examining the highest temperature and the blooming day.  ※ The weather service does announce the fluorescence of flowers; they do not predict the blossom season. Services such as forest service and private weather services were provided starting in 2016.    What was the standard of the past blossoming day?    Weather services make seasonal observations that identify the progress of climate change through observation, analysis, and estimation of the sample tree. They have recorded the generation and fluorescence, full of blooming Japanese apricot flowers, forsythias, azaleas, and cherry blossoms with the naked eye.    Usually, full blooms are 2-3 days after fluorescence or around a week if they are late.  Check the data for blooming flowers and forecast them before enjoying spring flowers!   

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  2024-04-01

• Minister Lee Jong-ho Represents Korea at the 2024 Nuclear Energy Summit in Brussels

    Minister Lee Jong-ho of the Ministry of Science and ICT recently participated as the senior representative of Korea at the '2024 Nuclear Energy Summit.' The summit, held at the Brussels Expo on March 21 and co-hosted by the International Atomic Energy Agency and Belgium, gathered stakeholders from 38 countries, including nuclear operating nations and those intending to expand or initiate nuclear power generation and industry.    This milestone event marked the first multilateral summit in the field of nuclear energy, focusing on conveying messages emphasizing the crucial role of nuclear energy in addressing climate change, enhancing energy security, and promoting economic prosperity and development. It also aimed to foster active support for expanding nuclear capabilities from countries seeking to transition from fossil fuels to clean energy, ensuring the continued innovation of nuclear technology and industry.    Minister Lee highlighted Korea's commitment to expanding nuclear power, citing initiatives such as the construction of Shin Hanul Units 3 and 4, the continued operation of existing nuclear power plants, and independent technology development for next-generation nuclear reactors including small modular reactors (SMRs). The minister emphasized the importance of continued investment in innovative research and development, such as SMRs, as promising technologies for tripling global nuclear power generation capacity by 2050.    The summit provided an opportunity for nuclear research institutions and industries in Korea, such as the Korea Atomic Energy Research Institute, Korea Hydro & Nuclear Power Co, to engage in discussions with relevant agencies from key partner countries on cooperation projects.    In conclusion, Minister Lee's participation in the 2024 Nuclear Energy Summit underscored Korea's commitment to global cooperation in nuclear energy, highlighting its role as a leader in nuclear technology innovation and its dedication to contributing to a sustainable energy future.  

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  2024-04-01

• The 3rd Summit for Democracy

  [Leaders Times] The Korean government will host the Summit for Democracy on March 18-20.    The Summit for Democracy, led by US President Biden, was the global conference system in  2010. In March 2023, the United States, in cooperation with South Korea, Costa Rica, the  Netherlands, and Zambia, held the Secondary Summit for Democracy.    On the first day, March 18, the third Summit for Democracy will proceed to the ministerial  conference about the subject ‘AI, Digital Technology and Democracy.’The opening ceremony,  including a discussion and workshop led by internal and external civil society, will be held on the  second day, March 19.    The third Summit for Democracy will be held with a virtual meeting on March 20 at night.  President Yoon Suk Yeol will organize a virtual summit with the prime minister of Denmark,  Mette Frederiksen, and Kenyan President William Ruto. Moreover, three countries—South  Korea, Denmark, and Kenya—will preside over each session of the Summit for Democracy.  President Yoon Suk Yeol will lead a second session on ‘Technology, election, and fake news.’     This Summit for Democracy, hosted on ‘Democracy for Future Generations,’ will be the  opportunity to plant certainty in global youth, who will play a leading role in the future and  actively reflect their voices. During the Summit for Democracy, varied arguments will progress,  and designs will be planned to be published to support global youth-empowering innovation.    Our government holds the Summit for Democracy because our democratic leadership enforces to  reflect international society’s high credibility and expectations. Our government contributes to  democracy promotion by sharing the experiences and outcomes of Korea, where it has developed  and fostered democracy in international society. Through this process, the government will push  ahead with its vision of a global hub country.       

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  2024-03-18

• CJK+ASEAN Young Ambassador Program2024: A Collaboration Initiative by TCS for Future Cooperation

    In a bid to foster forward-looking cooperative relationships among students from Japan, China, and South Korea, a program has been initiated in China where participants exchange views on global issues. This year marks the program's 10th iteration, and for the first time, it has been expanded to include students from ASEAN countries, thereby broadening its regional reach.  The exchange program, organized by the Trilateral Cooperation Secretariat operates under agreements between the governments of the three countries and recruits students annually. This milestone 10th edition sees the inclusion of students from ASEAN (the Association of Southeast Asian Nations) countries. The opening ceremony, held in Nanning, southern China, on Feb. 27th, saw the participation of 50 students from nine countries.  Participating students expressed their aspirations to "share expertise and technologies among East Asian countries facing common challenges" and to "forge lasting friendships and continue exchanges throughout their lives."  Following the ceremony, students received lectures from experts on various issues, including the disparity between developed and developing countries.  Lee Hee-sup, Secretary-General of the TCS, emphasized the importance of mutual understanding among young people for forward-looking cooperation. He stated, "By expanding exchanges among the three countries, we aim to promote cooperation for the future of East Asia."  The exchange program ran for 10 days, during which participants exchanged opinions on common issues such as aging populations and climate change, thereby deepening their understanding of international cooperation.

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  2024-03-18

• Cofounding Angel for Kor-Fils’s Journey with Leaderstimes,

      I contributed to donating aid to single parent Korean Filipino households since 2021. Starting off as a journalist for Leaderstimes, I got in touch with the Philippines coordinator Mr. Kong to help create the NGO with Global Leaders Club. As our organization funded the education for Filipino children throughout the years, I decided to visit two of the families supported by Angel for Kor-Fils’s Journey in Silang, Philippines.   Silang, situated an hour away from Metro Manila, unfolded as a testament to the socio-economic disparities prevailing in the country, as the families supported by the nonprofit organization resided in homes with bare minimum support.   Despite the challenges posed by their living conditions, Jisoo and Jinju, two remarkable individuals aged 10 and 16, opened their homes and hearts to me. What stood out amidst these challenging circumstances was the extraordinary passion for education exhibited by Jisoo and Jinju. Jisoo, at the age of 10, harbors dreams of becoming a medical doctor, with a fervent interest in science. As she delves into the intricacies of biology, exploring different organs, her aspiration to contribute to the medical field shines brightly. On the other hand, 16-year-old Jinju found a love for accounting and business, looking to start her own business one day to support her family.   These dreams, woven with determination and resilience, are particularly remarkable given their humble beginnings. The undying enthusiasm for education and clear career goals set Jisoo and Jinju apart. Our culture exchange trip, sharing Korean culture through gifting folktale books and a traditional Korean board game Yut-nori, hoped to encourage the young scholars to embrace both their Korean and Filipina identities while pursuing their educational goals. I have no doubt that the girls will find success as long as they maintain their persistence and patience.   I realized how much potential there is in every child through conversations with the families during the trip. Providing scholarships and support for education, I was honored to be able to provide the chance for economically disadvantaged to shine. With Leaderstimes and Global Leaders Club, I seek to continue my multicultural, philanthropy and expand Angel for Kor-Fils’s Journey to more households in need. As we’ve already expanded into Cambodia, I hope Global Leaders Club members will join in our support for the underprivileged.

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  2024-02-29

• President Yoon Suk-yeol Vows to Establish Best Investment Environment

    President Yoon Suk-yeol has committed to fostering a world-class investment environment, aiming to attract global investors and bolster economic growth in South Korea. His pledge comes as a significant step towards enhancing korea's competitiveness in the international market.    In a recent announcement, President Yoon underscored the importance of creating an attractive investment landscape that aligns with global standards. He emphasized the need to streamline regulations, expand incentives, and provide robust support mechanisms to facilitate foreign investment across various sectors.    Acknowledging the pivotal role of foreign investment in driving economic progress, President Yoon expressed gratitude to foreigninvestment companies for their contributions to the Korean market. He highlighted the record-breaking influx of foreign investment in the previous year, amounting to approximately $32.7 billion, as a testament to Korea's potential as an investment destination.    The President's commitment to dismantling barriers and implementing investor-friendly policies reflects a proactive approach towards positioning Korea as a preferred destination for international businesses. By prioritizing transparency, efficiency, and innovation, President Yoon aims to elevate Korea's standing as a leading hub for global investment.    Furthermore, President Yoon's vision extends beyond mere economic growth; he envisions Korea as a beacon of opportunity and prosperity for companies seeking expansion and collaboration. By fostering a conducive environment for investment, he seeks to stimulate job creation, promote technological advancement, and drive sustainable development initiatives.    President Yoon's pledge to establish a world-class investment environment resonates with stakeholders across various sectors, including business leaders, government officials, and industry experts. The collective effort to cultivate an ecosystem that nurtures innovation and entrepreneurship underscores Korea's commitment to driving inclusive growth and fostering long-term prosperity.    As President Yoon embarks on this ambitious endeavor, he calls for collaboration and partnership among all stakeholders to realize the shared vision of a dynamic and resilient economy. With unwavering determination and strategic foresight, President Yoon aims to chart a path towards sustained prosperity and global leadership in the realm of investment and economic development.

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  2024-02-19

• Smart Animal Husbandry, First Step for Future Livestock Industry

  Minister Song Mi-ryung visited the smart livestock farm in Pyeongtaek-si, Gyeonggi Province, encouraged youth ranchers, listened to the difficulty of the place, and discussed the expansion of smart animal husbandry. Livestock facility[Leaders Times] On February 6th at 4:30, Minister of Agriculture, Food and Rural Affairs Song Mi-ryung visited the smart piggery in Pyeongtaek-si, Gyeonggi Province, observed the place of smart animal husbandry, and conducted a meeting about a method of expansion of smart animal husbandry with youth ranchers who are practicing future smart livestock. Livestock farm (Rosefarm), where she visited, is a smart piggery that optimizes feed supplements to retrench approximately 19% of feed cost compared with normal farms, considering the growth stages of mother pigs and piglets and brings a system of exhausting air in the center and air washer in to decrease odor innovatively. Minister Song declared the schemes to reinforce necessary support for the expansion of smart livestock and to emphasize smart animal husbandry as the powerful way of advancing the livestock industry that overcomes the problems of livestock farming through the scientific control of odor and animal disease and the improvement of production. Also, she heard diverse opinions from youth ranchers, smart equipment manufacturers, and people from a public institution that certifies livestock products (KAPE) at the meeting after visiting a smart piggery.At this meeting, the youth ranchers suggested ▲enforcement of expansion and supplement of smart farms focused on solutions, ▲increasing opportunity and experience of youth farmers, such as practical education, and ▲establishing big data platforms for the smart equipment and expansion of the use of solutions. Minister Song responded that the Agriculture, Food and Rural Affairs will create a performance model of each type and field for smart animal husbandry and increase the opportunity experience steadily. Moreover, she declared to find a varied improvement plan for the achievement and creation of smart livestock. Minister of Agriculture, Food and Rural Affairs Song Mi-ryung said that future growing industrialization of the agricultural industry needs to foster an agricultural innovative ecosystem that encourages youth ranchers’ creative ideas and capability. She requested that fervor and innovation youth ranchers who were at the meeting might endeavor to expand to a good model of society with related organization.”

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  2024-02-08

• Hosting the First Asia Maritime Security Agency Chiefs Meeting in Korea

      The Korea Coast Guard has announced its plans to host the 20th Asia Maritime Security Agency Chiefs Meeting in South Korea this year, marking a significant development as it will be the first time the event is held in the country. This initiative is in response to the growing importance of maritime security, aligned with the Indo-Pacific strategy, and aims to strengthen maritime security cooperation among key nations in the Indo-Pacific region.   Established in 2004, the Asia Maritime Security Agency Chiefs Meeting serves as a collaborative organization with the participation of 22 countries in Asia, including Korea, China, Japan, and various Southeast Asian nations. Additionally, the organization includes one region (Hong Kong) and two international organizations, namely ReCAAP-ISC for Asia-Pacific counter-piracy cooperation and UNODC for the United Nations Office on Drugs and Crime.    The upcoming meeting, scheduled to take place in Incheon in June and September, will be organized into five expert groups. These groups will focus on discussing critical topics such as capacity-building for maritime security agencies in the Asian region, prevention of maritime crime, marine environmental protection, search and rescue operations, and information exchange. The primary objective is to deliberate on collaborative measures to enhance safety and security in maritime environments.    Of particular note is the meeting's emphasis on addressing the pressing issue of drug trafficking through the seas into domestic territories. Member countries plan to enhance practical information exchange, strengthen cooperation, and establish an international collaborative framework among Asian nations.    Kim Jong-wook, the head of the Korea Coast Guard, stated, "Considering that this is the first time Korea is hosting the meeting of Asian maritime security agencies, we are preparing various programs, including promoting Hallyu culture. We aim to share the capabilities of the Korean Coast Guard with Asian nations, actively contribute to strengthening maritime security cooperation with key nations in the Indo-Pacific region, and strive to fulfill our role and responsibilities as a global central nation in the international community."

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  2024-01-22

• President Yoon Suk-yeol Attends 2024 Securities and Derivatives Market Opening Ceremony

    On the morning of January 2nd, President Yoon Suk-yeolattended the '2024 Securities and Derivatives Market Opening Ceremony' held at the Korea Exchange Seoul Office. This marks a significant event, as it is the first time in history that the incumbent president has participated in the stock market opening ceremony.    President Yoon, who had attended similar ceremonies during his presidential campaign, emphasized the pivotal role of the capital market in the development of a free-market economy. His presence at the event today signifies a commitment to encouraging the advancement of the nation's capital market.    In his address, the President characterized the stock market as the 'arena of mutual growth,' where the nation and businesses grow together. He also referred to it as the 'ladder of opportunities,' supporting the accumulation of the nation's assets. President Yoon highlighted the importance of activating the financial investment sector to prevent social stratification and enhance societal dynamism.    Addressing the undervaluation of the stock market in South Korea, despite the presence of globally competitive companies, President Yoon expressed his commitment to resolving the 'Korea Discount' through the deregulation of the capital market during his term.    The President announced plans to prepare 'short selling reform measures' smoothly, promote the abolition of the financial investment income tax, and positively consider amendments to commercial laws to enhance benefits for small shareholders. Additionally, he disclosed intentions to significantly expand programs supporting the formation of national assets, such as Individual Savings Accounts (ISA).    In conclusion, President Yoon pledged to support a fair market through continuous communication with market participants. The event saw the attendance of approximately 160 professionals from the financial investment industry. Notable government and authority figures present included Prime Minister Cho Sang-mok, who also serves as the Minister of Economy and Finance, Financial Services Commission Chairman Kim Joo-hyun and so on.

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  2024-01-08

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• 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

• South Korean Foreign Minister Park Jin meets with UNRWA Executive Chairman Philippe Lazzarini

    Foreign Minister Park Jin held a meeting with Philippe Lazzarini, the Executive Chairman of the United Nations Relief and Works Agency for Palestine Refugees (UNRWA), who was visiting South Korea on the morning of October 6. The discussion focused on the current situation in the Middle East and the collaboration between South Korea and UNRWA.    Minister Park expressed his gratitude for UNRWA's active efforts in providing education, medical care, relief, and public services to approximately 6 million Palestinian refugees. He also reaffirmed South Korea's commitment to expanding its support for Palestinian refugees, emphasizing the country's responsibility within the international community.    Minister Park noted his aspirations for the continued development of the cooperative relationship between South Korea and UNRWA, taking into account UNRWA's crucial role in addressing the Palestinian refugee issue and contributing to regional stability. He also expressed South Korea's intent to make a constructive contribution to the Israeli-Palestinian matter during its non-permanent membership in the UN Security Council for the 2024-25 term.    Executive Chairman Lazzarini conveyed his appreciation for South Korea's consistent support for UNRWA's activities. He acknowledged that UNRWA faces ongoing challenges due to a chronic shortage of funds in comparison to the demand for assistance to Palestinian refugees. Lazzarini conveyed his hope to further strengthen cooperation between South Korea and UNRWA.  

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  2023-11-06

• Conference for London convention and protocol

    The 45th Conference of the Parties to the London Convention and the 18th London Protocol took place at the IMO headquarters in the UK from October 2 to 6. Korean government delegation comprising the Ministry of Oceans and Fisheries and the Ministry of Foreign Affairs participated in the conference and actively voiced Korea's stance on the key issues discussed during the event.    The London Convention and Protocol are international agreements established to prevent marine pollution by prohibiting the marine dumping of waste. Korea became a party to these agreements in 1993 and 2009, respectively. The annual Conference of the Parties assesses whether member states are adhering to waste disposal regulations outlined in the Convention.    During the conference, the Korean government presented information about its current CCS (Carbon Capture and Storage) project and emphasized the need for future guidelines on CO2 import and export. They also pledged support for the UN Plastic Convention, aimed at reducing marine microplastics, and sought attention and backing for the Intergovernmental Conference (INC-5) scheduled to be held in Korea the following year. Additionally, Korea introduced the London Protocol Human Resources Development Program (LPEM), which has been in effect since 2018, and requested interest and talent recommendations from various countries.    Regarding the contaminated water issue stemming from the Fukushima nuclear power plant, it was stressed that all parties have a collective responsibility to safeguard the marine environment. The Korean delegation requested that all information pertaining to the discharge process of contaminated water from the Fukushima nuclear power plant be transparently disclosed and that the treatment of this water should adhere to marine environment protection standards.    In response, the International Atomic Energy Agency (IAEA) delegation shared relevant information at the conference, including details on the monitoring of contaminated water from nuclear power plants at the IAEA level and the results of their analysis.     Lee Soo-ho, the Maritime Affairs and Fisheries Officer at the International Maritime Organization (IMO) and a representative from the British Embassy in the United Kingdom, who attended the general meeting of the parties, stated, "Our government actively engaged in international discussions on various marine environmental topics. We remain committed to international efforts aimed at protecting the marine environment."

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  2023-10-30

• EU Environment Ministers agree to reduce CO2 Emissions for large vehicles

    In February, the EU Commission proposed amendments mandating a 45% reduction in CO2 emissions by 2030 for new large trucks and buses compared to 2019. It also set more ambitious targets of 65% for 2035 and 90% for 2040.    The EU Council accepted the Commission's proposed CO2 reduction targets. However,they decided to delay the 100% CO2 reduction goal for city buses to 2035 instead of the initially suggested 2030, and established an interim target of an 85% reduction by 2030.    This decision takes into consideration the investments already made in biogas-operated city buses in certain provincial cities within member countries, including France, the Czech Republic, and Romania.     Additionally, the EU Commission plans to propose related amendments by 2027, following an analysis of the law's effects, impacts, and potential improvements. They will also release an analysis report on the rechargingissuesfaced by hydrogen and electric trucks operating within and outside the EU, especially in response to Poland's request.    The introduction of the Carbon Correction Factor (CCF), a pivotal element in the amendment, was finally rejected.    Italy proposed deducting the proportion of biofuels and synthetic fuels from carbon emissions calculations through the introduction of carbon adjustment coefficients.This proposal gained support from the Czech Republic, Slovakia, and Poland.    Conversely, several member countries, including Germany, Denmark, and Sweden, opposed the introduction of CCF, arguing that it undermines the purpose of the amendment. Large vehicle industries, such as Volvo, also expressed opposition to this introduction.    Ultimately, the board of directors reached a compromise, agreeing to reevaluate how the CCF could contribute to the carbon neutralization of large vehicles when reassessing the bill in 2027.    Meanwhile, the European Parliament will confirm its positionon October 24.    

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  2023-10-30

• India-Israel Trade Faces Suspension Amidst Israel-Hamas Conflict

    [Leaders Times] In 2017, India strengthened its strategic partnership with Israel and voiced support for Israel in its fight against terrorism, particularly in response to the actions of Hamas.    Recently, the Palestinian militant group, Hamas, launched a major military attack against Israel on the 7th, resulting in a substantial loss of life on both sides. This has raised concerns globally about the humanitarian crisis unfolding in the region.    Experts have warned that if the conflict between Israel and Hamas escalates, trade between India and Israel could be suspended, which would have a significant impact on various industries.     Trade between India and Israel reached $10.77 billion during the 2022-23 fiscal year, with $8.45 billion in exports and $2.32 billion in imports. India held a trade surplus of $6.13 billion, and Israel stood as India's 32nd largest trading partner. India has also made substantial investments in Israel, with accumulated foreign direct investment totaling $380 million from April 2000 to May 2023.    The Israel-Hamas crisis has led to fluctuations in international oil prices, and as India increases energy imports for its economic revival policies, the current account deficit is expected to rise. While it's noted that the likelihood of a significant increase in oil prices is limited due to most OPEC members not supporting Hamas, if the conflict continues, it could adversely affect the overall economy, including inflation and exchange rates.    This incident is expected to disrupt the U.S. Middle East Détente plan, which aims to promote reconciliation between Israel and the main Islamic bloc led by Saudi Arabia.    Moreover, the implementation of the India-Middle East-Europe Economic Corridor (IMEEC), agreed upon at the G20 summit in New Delhi last month as part of the Middle East's plan, faces challenges at present.    Some believe that the U.S.-biased Middle East reconciliation strategy has put the Palestinians in a difficult position.      China is advocating for diplomatic mediation to recognize Palestine as an independent state and discussed the Middle East situation with Russia at the Belt and Road Forum for International Cooperation to strengthen its position.

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  2023-10-22

• 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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  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