• 최종편집 2024-07-12(금)

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  • Ministry of Foreign Affairs Hosts APEC Seaweed-Based Sustainable Bioenergy Workshop
      On June 25th, the Ministry of Foreign Affairs hosted the 'Asia-Pacific Economic Cooperation (APEC) Seaweed-Based Sustainable Bioenergy Workshop'. This event brought together experts from the seaweed bioenergy sector, both domestic and international, including industry leaders, researchers, academics, diplomats in South Korea, and government officials from APEC member countries.  The workshop is a part of the Ministry’s initiative this year, leveraging the APEC fund to promote cooperation within APEC for sustainable seaweed-based bioenergy production. The primary goal was to assess the potential of seaweed for climate change adaptation and bioenergy production, and to discuss collaborative strategies for expanding production. Seaweed is increasingly recognized for its rapid growth, high carbon sequestration capacity, and relatively low environmental impact, especially as the Asia-Pacific region faces rising energy transition demands.  Industry experts from South Korea, the United States, Japan, the United Kingdom, and France presented on the global status and potential of seaweed-based bioenergy, along with current research and technological trends. Additionally, government officials from APEC member countries including Malaysia, Vietnam, Indonesia, China, Chile, the Philippines, and Taiwan shared insights into their national policies and industrial status, and discussed policy measures for regional cooperation.  Yoon Hyun-soo, Director-General for Climate and Environmental Diplomacy at the Ministry of Foreign Affairs, highlighted the potential of seaweed as a sustainable bioenergy feedstock and carbon sink during his opening remarks. He emphasized its role in addressing climate change and enhancing eco-friendly energy independence in the Asia-Pacific region. Yoon expressed hopes that South Korea, with its advanced aquaculture technologies and vast marine resources, would expand cooperation with APEC countries to promote regional knowledge sharing, research activities, and enhance industry capabilities.  The workshop is seen as a significant contribution towards exploring cooperation for climate change adaptation and achieving clean energy transition in the Asia-Pacific region. It has laid the foundation for the growth of climate-related industries. The Ministry of Foreign Affairs reiterated its commitment to ongoing diplomatic efforts for regional climate change adaptation and clean energy transition in the future.
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    2024-07-01
  • Ministry of Science and ICT Launches 'CCU Mega Project' to Reduce Greenhouse Gases
      The Ministry of Science and ICT has announced the official launch of the "CCU Mega Project," which aims to reduce greenhouse gases using Carbon Capture & Utilization (CCU) technology. The project kicked off on June 19 with a call for the selection of a demonstration site.  CCU technology captures carbon dioxide emitted from power generation and industrial processes and converts it into useful materials. The rapid deployment of this technology is essential to achieving the national greenhouse gas reduction target by 2030. To support this goal, the Ministry unveiled the "Advanced Carbon Capture & Utilization Technology Strategy" last December, focusing on the early commercialization of CCU technology.  CCU technology has faced high technical difficulty and low economic feasibility, hindering its commercialization. The CCU Mega Project aims to create successful cases through joint public-private demonstrations, promoting the widespread adoption of CCU technology in the private sector.  To ensure fairness and objectivity in the selection process, an evaluation committee composed of experts will be operated. The committee will evaluate the suitability of the site and the specificity of the demonstration plan to select the final demonstration site.  Vice Minister Chang-Yoon Lee of the Ministry of Science and ICT stated, "CCU technology is a key means to achieve carbon neutrality. We will achieve the national greenhouse gas reduction target without fail and enhance the carbon neutrality response capability of the domestic industry through successful implementation of the CCU Mega Project based on cooperation with related companies." 
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    2024-06-24
  • Ministry of Strategy and Finance Issue Foreign Exchange Equalization Fund Bonds in 2024
      [Leaders Times] On June 14, the government officially announced a mandate announcement for the issuance of foreign currency-denominated foreign exchange equalization funds bonds, making this year's issuance of foreign currency bonds official.    The issuance is the first U.S. dollar bond issuance since 2021, and it is meaningful to establish the status of a "regular bond issuer" by continuing the issuance of bonds that have been suspended.    Through this, the fund was created in 1967 under the abbreviation of foreign exchange equalization fund bonds. In order to prevent confusion in the foreign exchange market by speculative forces, the government intervenes in the foreign exchange market and issues bonds issued by the government in the form of payment guarantees to stabilize the exchange rate) will continue to create demand, securing a window for the government's foreign currency procurement that can be used at any time, if necessary,    It is expected to serve as an opportunity for domestic companies and financial institutions, which have recently been actively issuing foreign currency bonds, to fulfill their original function of providing a reference rate (benchmark), so that they can raise foreign currency at lower interest rates.    In addition, by introducing an advanced issuance method this time, it plans to actively attract excellent SSA (Sovereigns, Supranationals & Agencies) investors such as governments, central banks, international organizations, and policy financial institutions in each country.   This SSA-centered issuance is expected to have the effect of diversifying capital raising routes by expanding the base of investors, which were previously concentrated in Asian/asset management companies, to European/U.S./SSA high-quality investors, and in the mid-term to long-term, global high-quality investors are expected to spread their interest throughout domestic institutional bonds.    Moreover, the increased status through attracting high-quality investors is expected to serve as a factor in issuing foreign bonds at lower interest rates (increasing bond prices) in the future, and the stability of foreign bonds circulating in the market after issuance is expected to improve due to the nature of SSA investors who prefer to hold them for a long time rather than frequent transactions for investment returns.   It is also a significant change that foreign debt can minimize the so-called "building effect" of absorbing the demand for bond investment by other domestic institutions. As the government and domestic policy financial institutions pioneer a new group of investors called SSA, existing investors such as SSA who have purchased foreign debt are expected to expand their investment capacity, which will give domestic institutions an opportunity to raise foreign currency funds more easily.    Meanwhile, the government will also make every effort to prepare for issuance, including public relations for investors, so that the issuance of foreign bonds can be successful this year.    Prior to the issuance, a face-to-face investor presentation (road show) in London, where many SSA investors reside, is scheduled, followed by a "Global Investor Call (GIC)" for investors around the world, including Asia and the Americas, and plans to closely monitor trends in the international financial and bond issuance markets on a daily basis through active communication with market participants.  
    • Global News
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    2024-06-21
  • President Yoon Suk-Yeol Welcomes UAE on HistoricVisit to South Korea
      On May 28, President Yoon Suk-yeol and his spouse welcomed President Mohamed bin Zayed Al Nahyan of the United Arab Emirates (UAE) to Changdeokgung Palace in Seoul, marking the first official meeting between the two leaders.    President Mohamed's visit holds significant diplomatic importance as it signifies the first visit by a sitting UAE president since his inauguration in May 2022. The two leaders engaged in a comprehensive two-day itinerary, including friendly meetings, a banquet, an official welcoming ceremony, and a summit meeting.    Their first stop was Changdeokgung Palace, where President Yoon and President Mohamed strolled through the Buyongji area, engaging in discussions covering various topics, including Korean culture.    Subsequently, the leaders enjoyed a traditional performance titled "Hakyeonhwadaemu," symbolizing respect for UAE's cultural traditions, notably their affinity for birds, as showcased by their national bird, the falcon.    Following the performance, President Yoon and President Mohamed exchanged dialogues in an informal and cordial setting, fostering closer ties between their nations.    Transitioning from the palace, the leaders convened at the Blue House for a presidential banquet, further solidifying the bonds between South Korea and the UAE. President Yoon expressed his warm welcome to President Mohamed, highlighting the significance of his historic state visit in advancing the "special strategic partnership" between the two countries. President Mohamed, in turn, expressed gratitude for the gracious hospitality extended to him and conveyed optimism for the outcomes of the visit.    President Yoon Suk-yeol's hosting of President Mohamed bin Zayed Al Nahyan exemplifies South Korea's commitment to strengthening diplomatic relations with the UAE and underscores the importance of international cooperation in today's global landscape. 
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    2024-06-03
  • 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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    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.  
    • Global News
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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.       
    • Global News
    • 영어뉴스
    2024-03-18

실시간 영어뉴스 기사

  • South Korea Chair the Minerals Security Partnership (MSP) from July 2024
      Starting from July 1, 2024, South Korea will assume the chairmanship of the Minerals Security Partnership (MSP) for one year, with Kang In-seon, the 2nd Vice Minister of Foreign Affairs, serving as chair.   Critical minerals are essential resources for advanced industries such as semiconductors, batteries, and electric vehicles, which are pivotal to South Korea's economic development. They are also crucial for the transition to clean energy needed to achieve global net-zero goals. However, the deposits and refining facilities for these minerals are concentrated in a few countries, and factors such as the weaponization of resources make it challenging to secure a stable supply chain based solely on economic logic.   In response, the South Korean government has continuously strived to secure a resilient and stable supply chain for critical minerals from an economic security perspective. The government has strengthened bilateral and multilateral consultations with resource-rich countries in Africa, Central Asia, and Southeast Asia, and actively participated in international discussions, including the MSP.  The MSP was launched in June 2022 to secure and diversify a stable global supply chain for critical minerals. Currently, 14 countries—South Korea, the United States, the United Kingdom, Japan, Canada, Sweden, France, Australia, Finland, Germany, Norway, Italy, India, and Estonia—and the EU are participating in the MSP.  As the chair following the United States, South Korea plans to lead cooperation among MSP member countries to ensure that the ongoing MSP pilot projects achieve substantial and tangible outcomes. Additionally, South Korea will set long-term goals for the MSP and preside over the MSP Senior Officials Meetings twice a year. The government will also promote cooperation between MSP member countries and resource-rich nations, closely monitor international trends in the critical minerals industry, share this information with the industry, and actively seek to expand opportunities for South Korean companies to participate in related businesses.  The South Korean government is making comprehensive efforts to swiftly and systematically respond to supply chain crises. Taking on the MSP chairmanship is expected to enhance the country's leadership in the critical minerals supply chain sector, expand the scope of economic security, and elevate its status as a key global player.
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    2024-07-08
  • Ministry of Foreign Affairs Hosts APEC Seaweed-Based Sustainable Bioenergy Workshop
      On June 25th, the Ministry of Foreign Affairs hosted the 'Asia-Pacific Economic Cooperation (APEC) Seaweed-Based Sustainable Bioenergy Workshop'. This event brought together experts from the seaweed bioenergy sector, both domestic and international, including industry leaders, researchers, academics, diplomats in South Korea, and government officials from APEC member countries.  The workshop is a part of the Ministry’s initiative this year, leveraging the APEC fund to promote cooperation within APEC for sustainable seaweed-based bioenergy production. The primary goal was to assess the potential of seaweed for climate change adaptation and bioenergy production, and to discuss collaborative strategies for expanding production. Seaweed is increasingly recognized for its rapid growth, high carbon sequestration capacity, and relatively low environmental impact, especially as the Asia-Pacific region faces rising energy transition demands.  Industry experts from South Korea, the United States, Japan, the United Kingdom, and France presented on the global status and potential of seaweed-based bioenergy, along with current research and technological trends. Additionally, government officials from APEC member countries including Malaysia, Vietnam, Indonesia, China, Chile, the Philippines, and Taiwan shared insights into their national policies and industrial status, and discussed policy measures for regional cooperation.  Yoon Hyun-soo, Director-General for Climate and Environmental Diplomacy at the Ministry of Foreign Affairs, highlighted the potential of seaweed as a sustainable bioenergy feedstock and carbon sink during his opening remarks. He emphasized its role in addressing climate change and enhancing eco-friendly energy independence in the Asia-Pacific region. Yoon expressed hopes that South Korea, with its advanced aquaculture technologies and vast marine resources, would expand cooperation with APEC countries to promote regional knowledge sharing, research activities, and enhance industry capabilities.  The workshop is seen as a significant contribution towards exploring cooperation for climate change adaptation and achieving clean energy transition in the Asia-Pacific region. It has laid the foundation for the growth of climate-related industries. The Ministry of Foreign Affairs reiterated its commitment to ongoing diplomatic efforts for regional climate change adaptation and clean energy transition in the future.
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    2024-07-01
  • UN Memorial Cemetery in Busan.
    Throughout history, there exist moments that shape nations, redefine borders, and secure freedoms cherished by millions. The Korean War stands as a poignant testament to such a defining chapter, where the bravery and sacrifice of United Nations and Korean soldiers became the foundation upon which modern South Korea flourishes today. As I reflect on my recent attendance at the 74th UN Korea War Commemoration in Busan, I am compelled to underscore the profound impact of honoring those who fought for our liberties. The event was not merely a commemoration but a stark reminder of the detrimental period in the Korean Peninsula from 1950 to 1953. It was a solemn occasion where veterans, dignitaries, and citizens alike gathered to pay homage to the fallen heroes. The ceremony, consisting of singing the National Anthem and 6/25 Korean War song as well as the placing of flowers and bowing, was a gesture of respect toward those who sacrificed their lives, so that we may live in a society of liberty. Thus, at the heart of the commemoration lay a poignant truth: the freedom we cherish today in South Korea was purchased at a high price—the blood, sweat, and tears of those who fought tirelessly on our behalf. Their courage transcended borders, their sacrifice transcended time, leaving an unforgettable mark on our conscience. As I listened to the older generation slowly join the singing by the younger generation’s choir, I was in awe: the events of the Korean War will never be forgotten, as we have collectively endured it as a culture.   The Korean War was not just a conflict of ideologies; it was a crucible that tested the resilience of humanity. The UN troops, combined by those from countries like the United States, Canada, Australia, and many others, underscored a collective commitment to defend freedom and democracy against aggression. For South Korea, these soldiers were not just allies; they were the vanguard against tyranny and oppression, ensuring that the light of liberty continued to shine amidst the darkness of conflict. The UN soldiers who stood shoulder to shoulder with Korean forces exemplified the highest ideals of international cooperation and selflessness. Their efforts went beyond military strategy; they embodied a steadfast commitment to uphold justice and preserve peace—a legacy that continues to resonate in today's interconnected world.  The 74th UN Korean War Commemoration in Busan was a profound testament to the enduring significance of remembrance and gratitude. It reinforced the importance of preserving the memory of those who made the ultimate sacrifice for our freedom and reaffirmed our responsibility to honor their legacy. As we look towards the future, let us never forget the lessons of the past nor diminish the sacrifices that secured our present liberties. May we always cherish and respect the fallen UN and Korean soldiers who contributed immeasurably to our lives, as the help of the U.S. and UN forces was crucial in maintaining the democracy and freedom we are able to enjoy now, so we are forever indebted to both the fallen and active soldiers who share the same goal: preserving the freedom and liberty of the Korean people and the world. 
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    2024-06-26
  • Ministry of Science and ICT Launches 'CCU Mega Project' to Reduce Greenhouse Gases
      The Ministry of Science and ICT has announced the official launch of the "CCU Mega Project," which aims to reduce greenhouse gases using Carbon Capture & Utilization (CCU) technology. The project kicked off on June 19 with a call for the selection of a demonstration site.  CCU technology captures carbon dioxide emitted from power generation and industrial processes and converts it into useful materials. The rapid deployment of this technology is essential to achieving the national greenhouse gas reduction target by 2030. To support this goal, the Ministry unveiled the "Advanced Carbon Capture & Utilization Technology Strategy" last December, focusing on the early commercialization of CCU technology.  CCU technology has faced high technical difficulty and low economic feasibility, hindering its commercialization. The CCU Mega Project aims to create successful cases through joint public-private demonstrations, promoting the widespread adoption of CCU technology in the private sector.  To ensure fairness and objectivity in the selection process, an evaluation committee composed of experts will be operated. The committee will evaluate the suitability of the site and the specificity of the demonstration plan to select the final demonstration site.  Vice Minister Chang-Yoon Lee of the Ministry of Science and ICT stated, "CCU technology is a key means to achieve carbon neutrality. We will achieve the national greenhouse gas reduction target without fail and enhance the carbon neutrality response capability of the domestic industry through successful implementation of the CCU Mega Project based on cooperation with related companies." 
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    2024-06-24
  • North Korean Defector Ahn Chung Guk’s Art Exhibition: “Form from the Other Side (저 너머의 형태)”
      [Leaders Times] From March 5 to June 28, 2024, artist Ahn Chung Guk’s special abstract art exhibition will take place at the Unification Ministry’s Uni-Korean Cultural Center in Magok-dong Gangseo-gu, Seoul. Anyone can enjoy his work from every day except Sunday and Monday 10 a.m. until 5 p.m. This exhibition, ‘Form from the Other Side,’ comprises 30 works in three series: Circle, Light, and Wall.Ahn Chung Guk, a North Korean defector, escaped from North Korea when he was fifteen in 2009, and he enrolled and graduated from Hongik University majoring in painting. Currently, he is working as a freelance artist. To him, the subject of ‘North Korean defection’ is a significant idea to represent his experiences and heartwarming memories. Still, he expressed there is a need for more study about North Korea because words like ‘North Korean government’ or ‘North Korean human rights’ are heavily complicated. Ahn said he wants to have the opportunity to talk about North Korea with one of the projects.In one of three series, the Circle series, the moon and circular lights, which helped An Chung Guk find his way in the dark when he was living in Onsong, North Hamgyong, are painted. Moonlight was a compass of life that constantly guided his sight, and his experiences and memories under the moonlight became one of the compositions that formed his identity and settled down his distinct features in his artwork.Also, in the Light series, various neon colors are used. Ahn Chung Guk was shocked by their bright and colorful appearances when he first arrived in China. His astonishing conversion to his big decision that he would take the Light series forever. In Ahn Chung Guk’s Wall series, his works incorporate cement, copper, and acrylic. He usually uses cement. His experience working under his father, a carpenter, helped him use this material to create art. He uses his unique mesh fixing method. Firstly, he pours cement on the canvas and sharpens it with sandpaper. After repeating these processes, he secures the mesh on the cement and approaches his distinctive artwork by spreading out copper and scribbling.Ahn Chung Guk believes the beauty of aesthetics is ‘whatever looks like himself,’ so he exhibits the works that show himself. Most of his works represent “identity.” Particularly, his signature, which appears harmoniously as a painting on the canvas, is more highly located on the canvas than that of other general artists. This intention indicates an incomplete condition in that he is still looking for his identity, unlike other people living stable lives in society.Likewise, his own thoughts on the beauty of art also show up in the materials used in his works. The features of cement and copper, such as roughness, rustiness, and flow, represent his life, which has undergone rough experiences as a North Korean defector. Their changing color and shape over time symbolize Ahn Chung Guk’s sense of identity, which is continuously evolving.It is also important to keep in mind that Ahn focuses on the values of visitors’ perspectives rather than solely the author’s intention in the arts. Therefore, he recommends that visitors appreciate the artwork before checking the titles. He hopes all the authors, visitors, and artworks harmonize during his art exhibition, ‘Form from the Other Side.’ This hope appears in his artworks. Ahn Chung Guk's paintings evoke sympathy in anyone.
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    2024-06-21
  • Ministry of Strategy and Finance Issue Foreign Exchange Equalization Fund Bonds in 2024
      [Leaders Times] On June 14, the government officially announced a mandate announcement for the issuance of foreign currency-denominated foreign exchange equalization funds bonds, making this year's issuance of foreign currency bonds official.    The issuance is the first U.S. dollar bond issuance since 2021, and it is meaningful to establish the status of a "regular bond issuer" by continuing the issuance of bonds that have been suspended.    Through this, the fund was created in 1967 under the abbreviation of foreign exchange equalization fund bonds. In order to prevent confusion in the foreign exchange market by speculative forces, the government intervenes in the foreign exchange market and issues bonds issued by the government in the form of payment guarantees to stabilize the exchange rate) will continue to create demand, securing a window for the government's foreign currency procurement that can be used at any time, if necessary,    It is expected to serve as an opportunity for domestic companies and financial institutions, which have recently been actively issuing foreign currency bonds, to fulfill their original function of providing a reference rate (benchmark), so that they can raise foreign currency at lower interest rates.    In addition, by introducing an advanced issuance method this time, it plans to actively attract excellent SSA (Sovereigns, Supranationals & Agencies) investors such as governments, central banks, international organizations, and policy financial institutions in each country.   This SSA-centered issuance is expected to have the effect of diversifying capital raising routes by expanding the base of investors, which were previously concentrated in Asian/asset management companies, to European/U.S./SSA high-quality investors, and in the mid-term to long-term, global high-quality investors are expected to spread their interest throughout domestic institutional bonds.    Moreover, the increased status through attracting high-quality investors is expected to serve as a factor in issuing foreign bonds at lower interest rates (increasing bond prices) in the future, and the stability of foreign bonds circulating in the market after issuance is expected to improve due to the nature of SSA investors who prefer to hold them for a long time rather than frequent transactions for investment returns.   It is also a significant change that foreign debt can minimize the so-called "building effect" of absorbing the demand for bond investment by other domestic institutions. As the government and domestic policy financial institutions pioneer a new group of investors called SSA, existing investors such as SSA who have purchased foreign debt are expected to expand their investment capacity, which will give domestic institutions an opportunity to raise foreign currency funds more easily.    Meanwhile, the government will also make every effort to prepare for issuance, including public relations for investors, so that the issuance of foreign bonds can be successful this year.    Prior to the issuance, a face-to-face investor presentation (road show) in London, where many SSA investors reside, is scheduled, followed by a "Global Investor Call (GIC)" for investors around the world, including Asia and the Americas, and plans to closely monitor trends in the international financial and bond issuance markets on a daily basis through active communication with market participants.  
    • Global News
    • 영어뉴스
    2024-06-21
  • High-Level Conference on Responsible Military Use of Artificial Intelligence (REAIM) Convenes Latin American Regional Council
        [Leaders Times] The second high-level conference on the responsible military use of artificial intelligence (AI), co-hosted by the South Korean government and the Netherlands, is scheduled for September in Seoul. In preparation, a regional council was held in Santiago, Chile, from June 13 to 14.    This Latin American Regional Council, jointly hosted by South Korea, the Netherlands, Chile, and Costa Rica, marks the fifth such meeting, following earlier councils for Asian nations in Singapore (February 26 to 27), Southeast Europe, the Middle East, the South Caucasus, and Central Asia in Turkey (May 22 to 23), Europe and North America via video conference (May 30), and Africa in Kenya (June 5 to 6). The Santiago council was attended by foreign and defense officials from 14 Latin American countries, along with experts from the United Nations Institute for Disarmament Research, the Centre for Humanitarian Dialogue, and other regional specialists.    These regional councils aim to deepen understanding and engagement in the military application of AI across different regions. The insights gathered from these meetings will guide the South Korean government in hosting the upcoming REAIM conference effectively.    REAIM conferences focus on fostering international cooperation in the responsible development, deployment, and utilization of military AI. The inaugural meeting was held in The Hague, Netherlands, in February 2023, and the forthcoming session will continue these discussions in Seoul from September 9 to 10, 2024.  
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    2024-06-20
  • South Korea Joins the Mangrove Alliance for Climate to Combat Climate Change
      [Leaders Times]  The Korea Forest Service announced on the 17th that South Korea has become the 42nd member of the Mangrove Alliance for Climate (MAC), a collaborative effort led by the United Arab Emirates (UAE) and Indonesia. This alliance, which includes nations like Germany, India, and Japan, aims to combat climate change through the protection and restoration of mangrove forests.    The MAC is a consultative body established to safeguard mangrove ecosystems, which are crucial for carbon sequestration and natural disaster mitigation. South Korea's admission into the alliance was influenced by its successful mangrove restoration initiatives in Vietnam, Guyana, and the Pacific Islands, as well as in areas of Indonesia affected by the 2005 tsunami.    Mangrove forests, consisting of trees and shrubs that thrive along tropical and subtropical coastlines, are noted for storing four to five times more carbon than terrestrial rainforests. These ecosystems not only provide vital habitats for diverse marine species but also offer robust protection against natural disasters such as tsunamis and rising sea levels.   The increasing frequency and intensity of these disasters, driven by climate change, have highlighted the significance of mangroves in carbon dioxide absorption and marine ecosystem preservation.    Nam Sung-hyun, head of the Korea Forest Service, stated, "We are committed to advancing mangrove restoration projects to shield vulnerable developing nations from the impacts of natural disasters like tsunamis and typhoons… By enhancing collaboration with fellow MAC member countries, South Korea aims to play a key role in global disaster management and climate change mitigation."  
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    2024-06-20
  • President Yoon Attends Korea-Turkmenistan Business Forum
      On June 11th, President Yoon Suk-yeol participated in the "Korea-Turkmenistan Business Forum" at the Turkmenistan Chamber of Commerce and Industry. The event, held as part of President Yoon's state visit, was co-organized by the Korea Chamber of Commerce and Industry and the Turkmenistan Chamber of Commerce and Industry. In his keynote speech, President Yoon highlighted the steady expansion of exchanges between Korea and Turkmenistan since a Korean company first secured the contract for the Galkynysh Gas Field desulfurization facility in 2009. He praised the business leaders from both countries for their proactive communication and close cooperation, which have brought the two nations closer together.  President Yoon emphasized the abundant opportunities for collaboration between Turkmenistan, the world's fourth-largest natural gas holder, and Korea, which possesses significant industrialization experience and advanced technology. He urged both nations to accelerate economic cooperation, drawing a parallel to the renowned Turkmen horse, the Akhal-Teke, known for its speed and endurance. Highlighting the importance of enhancing cooperation in the energy resources sector, President Yoon noted that Korean companies have been recognized for their technological prowess and expertise by successfully constructing numerous plants in Turkmenistan. He expressed his hope that Korean companies would continue to actively participate in Turkmenistan's plant projects.  President Yoon also stressed the need to invigorate trade and investment between the two countries. He expressed his anticipation that the recently signed "Trade and Investment Promotion Framework (TIPF)" would further enhance exchanges and cooperation among businesses from both nations. Additionally, he mentioned the swift conclusion of the "Investment Guarantee Agreement" to establish an institutional foundation that ensures companies can invest with confidence. Furthermore, President Yoon underscored the importance of effectively utilizing Turkmenistan's air and sea routes. He noted that expanding air routes connecting the two countries would facilitate the movement of people and goods. Collaboration with Korea's globally competitive shipbuilding industry, he added, would significantly aid Turkmenistan's access to the Caspian Sea.
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    2024-06-17
  • ParkAttends WHO Executive Board Meeting as Korea's Representative
    The Ministry of Health and Welfare announced that Park Min-soo, the Second Vice Minister of Health and Welfare, attended the 155th Executive Board meeting held in Geneva from June 3 to June 4. He participated as the executive board member for Korea in the World Health Organization (WHO).   The WHO Executive Board comprises 34 executive board members, each serving a three-year term. Currently, the Western Pacific region is represented by Korea, Brunei, Australia, China, and Micronesia.   During the 77th World Health Assembly, which took place from May 27 to June 1, 2024, 12 new executive board members, including Korea, were unanimously confirmed by member states. Park Min-soo was designated as Korea's executive board member.   This marks the eighth time Korea has been elected to the executive board since joining the WHO in 1949. Notably, this is the first instance of Korea rejoining the board just one year after the previous term ended. Korea will play a pivotal role in representing the Western Pacific region in WHO's decision-making processes until the end of its term in May 2027.   During the recent Executive Board meeting, Park Min-soo participated in discussions on key agenda items, including the outcomes of the 77th World Health Assembly, the results of the Programme, Budget, and Administration Committee, and the results of the Standing Committee on Health Emergency Preparedness and Response.   Park Min-soo stated, "As an executive board member for the next three years, Korea will contribute to strengthening the global health system by sharing our experiences and continuing to cooperate with other executive board members and member states."
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    2024-06-10
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