Friday, July 1, 2022
Round-up of important news from major Korean dailies and from international media today
The Korea Post ( www.koreapost.com )
“Belarus, Korea continuously increase cooperation in IT, various other areas”
Ambassador Andrew Chernetsky of the Republic of Belarus in Seoul said, “The year 2022 was declared as ‘Year of Remembering the History’ based on objective views of the past history.” Ambassador Chernetsky made the remarks at a reception he hosted at the Lotte Hotel in Seoul on June 29, 2022 in celebration of the 30th anniversary of diplomatic relations between Korea and Belarus.
Hyundai, Kia face investigation in Germany over suspected diesel defeat devices
German authorities have raided Hyundai and Kia motor premises owing to suspicions that they put over 210,000 diesel vehicles with suspected illegal defeat devices. Around 140 prosecutors and investigators in Frankfurt and Luxembourg were mobilized to raid eight premises of the South Korean automakers in the two countries earlier in the day, the Frankfurt prosecutors’ office in Germany said on June 28.
Constitutional reform aims to ensure honor, dignity of the human
On June 20, President of Uzbekistan Shavkat Mirziyoyev held a meeting with members of the Constitutional Commission. The full text of the speech of the President of Uzbekistan at the meeting is published below. Speech by the President of the Republic of Uzbekistan Shavkat Mirziyoyev at the meeting with the members of the Constitutional Commission of the Oliy Majlis on June 20, 2022
Chosun Ilbo (http://english.chosun.com)
Civil Service Jobs Lose Luster Among Young Koreans
Applicants for government jobs in their 20s and 30s are dwindling as the civil service, long considered a lifelong safe haven by risk-averse young Koreans, loses its luster. Another factor is that there are simply fewer young people than there used to be, but jobseekers say the benefits of public-sector jobs are decreasing.
Korean COVID Vaccine Approved for Use
Korea's first homegrown COVID-19 vaccine has been given the green light for use here, the Ministry of Food and Drug Safety said Wednesday. SKYCovione or GBP510 was developed by SK Bioscience and the University of Washington's Institute for Protein Design. Korea now has both a COVID treatment with Celltrion's Regkirona, approved in February 2021, and a vaccine,
Yoon Meets Biden, Kishida for Overdue 3-Way Summit
President Yoon Suk-yeol met with U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida on the sidelines of a summit of NATO countries in Madrid, Spain on Wednesday. It was the first three-way summit in almost five years. They saw eye to eye on the gravity of North Korea's nuclear and missile threats and agreed to step up pressure on North Korea.
Joongang Ilbo (https://koreajoongangdaily.joins.com )
Yoon Suk-yeol debuts on international stage with NATO speech
President Yoon Suk-yeol told NATO leaders Wednesday that the way to lead North Korea to denuclearization is by showing firm resolve. Yoon marked his formal debut on the international stage with a three-minute address at a closed-door session of the North Atlantic Treaty Organization and partner countries in Madrid.
Nooks and crannies of Korea's Blue House tell a history of their own
The Blue House’s Main Office Building opened its doors to the public on May 26. A long line of visitors buzzing to see the building that housed Korea's past presidents forms outside the building every day. On weekends, the line to get inside can be hours long. The high ceiling and the red-carpeted staircase typical of European palaces and government offices take center stage upon entering the building.
Yoon, Kishida and Biden meet in Madrid, vow cooperation on North
The leaders of South Korea, Japan and the United States agreed to strengthen three-way cooperation to tackle Pyongyang's escalating nuclear and missile threats Wednesday. President Yoon Suk-yeol, Japanese Prime Minister Fumio Kishida and U.S. President Joe Biden met on the sidelines of the NATO Summit in Madrid and exchanged views on regional and global issues, including North Korean denuclearization, according to Seoul's presidential office.
The Dong-A Ilbo (http://english.donga.com/)
Labor, management voice discontent over minimum wage rise
The Minimum Wage Commission has set the minimum wage at 9,620 won per hour and 2,010,580 won per month for 2023, up 5 percent from this year. As the representatives from labor and management could not bridge their gap, the bill proposed by the commissioners representing public interests was passed through a vote, delivering the verdict on time for the first time in eight years.
Hackers Lazarus steals cryptocurrency worth $100 million
Lazarus, a group of hackers believed to be closely linked to North Korea, is suspected of having stolen virtual money worth 100 million dollars or 130 billion won, reported British blockchain forensics company Elliptic Enterprises on Wednesday (local time), adding that blockchain tech firm Harmony fell victim to a theft of approximately 100 million dollars’ cryptocurrency last Friday, for which Lazarus is the most likely suspect.
Xi Jinping visits Hong Kong by high-speed rail
Chinese President Xi Jinping arrived in Hong Kong by high-speed rail to celebrate 25th anniversary of the return of Hong Kong from British rule and attend the inauguration ceremony of Hong Kong’s incoming chief executive John Lee on Friday. This is the first travel out of the mainland China for President Xi in 893 days since his visit to Myanmar in January 2020 as President Xi stayed in China due to the COVID-19 pandemic.
Maeil Business News Korea (http://www.pulsenews.co.kr/)
Samsung Elec makes a head start in 3nm chipset mass production
Samsung Electronics Co. has become the industry’s first to start mass production of 3-nanometer (nm) chipsets based on Gate-All-Around (GAA) transistor architecture, the South Korean chip giant announced Thursday. The faster migration to the 3nm process enabling higher performance through greater chip density would raise competitiveness against foundry leader TSMC which previously set the second-half for 3-nano application for Intel chips.
Korea’s output, capex turn positive in May, but growth sustainability uncertain
South Korea’s factory output marginally improved from the previous month in May, together with corporate investment after a triple fall in April, but it remains to be seen whether industrial activity would sustain growth against multiple scourges on the global and domestic demand from strong prices.
S. Korea’s minimum wage proposed to rise 5% to $7.4 next year
South Korea’s minimum hourly wage for next year has been proposed to go up by 5 percent – similar to this year’s gain - to 9,620 won ($7.39), a decision that has upset employers and employees both facing a tougher year with inflation gaining to the levels last seen in crisis-stricken 1998.
HanKyoReh Shinmun (http://english.hani.co.kr)
S. Korea, US, Japan vow to bolster cooperation on N. Korean nukes, missiles
During a summit in Madrid, Spain, on Wednesday, the leaders of South Korea, the US and Japan agreed to expand cooperation based on democratic values and deliberate closely on ways to enhance the level of trilateral security cooperation in response to North Korea’s nuclear weapon and missile programs. Given reports that North Korea is about to carry out a seventh nuclear test, South Korea, the US and Japan are expected to work together to ratchet up pressure on the North.
Partners, not competitors: China protests NATO attempts to label it a “challenge”
China is fiercely protesting attempts by the North Atlantic Treaty Organization, or NATO, a US and European security alliance, to define it as a “systemic challenge.” As its strategic rivalry with the US intensifies, China would find its room to maneuver severely constrained if Europe assumes a stance of clear opposition. On Tuesday, Beijing made use of numerous diplomatic channels to denounce the moves by NATO.
N. Korea blasts Yoon for having “shaken dark hands with NATO”
North Korea’s state-run Korean Central News Agency (KCNA) published a report Wednesday denouncing South Korean President Yoon Suk-yeol’s attendance at this week’s NATO summit. The piece, credited to Society for International Politics Study researcher Kim Hyo-myong, criticized South Korea’s officials as “volunteering to play the role of point man and bullet shield for ‘Eastern Crusade’ by NATO.”
The KyungHyangShinmun (http://english.khan.co.kr/)
Nuri Successfully Released Cube Satellite by Chosun University Team, But Ground Station Confirmed Only Partial Reception of Signals
The performance verification satellite that went into orbit on the Korean launch vehicle Nuri (KSLV-II) successfully released a (mini) cube satellite created by a team of Chosun University students. The satellite was then able to transmit some information on its status to the ground station. However, researchers believe it may take some time for the satellite to stabilize its position.
Will the Democratic Party Single-handedly Elect the National Assembly Speaker? Democratic Party Lawmakers to Meet One Day Before the July Extraordinary Session Opens
On June 30, the Democratic Party of Korea will hold a general meeting of the party’s lawmakers and discuss the July special session. After repeatedly struggling to negotiate with the People Power Party on parliamentary leadership, the Democratic Party is expected to consider single-handedly electing the National Assembly speaker first.
Lee Myung-bak Temporarily Released for 3 Months Due to Suspended Sentence: Will This Lead to a Pardon?
The prosecution decided to suspend the sentence of former president Lee Myung-bak (81), who is serving a sentence of 17 years in prison for embezzling slush funds from DAS, for three months. The decision came a year and seven months after Lee was imprisoned and is expected to trigger a political debate on his pardon.
Yoon Heads Home from Spain after NATO Summit
President Yoon Suk Yeol headed home after a five-day trip to Spain after attending a summit of the North Atlantic Treaty Organization (NATO) and a series of bilateral talks with global leaders. He is set to return at around Friday noon. President Yoon held bilateral summit meetings with the leaders of the Czech Republic, Canada and Britain on Thursday on the sidelines of the NATO summit.
KCNA: N. Korea's First COVID-19 Cases Emerged from Area Near Border with S. Korea
North Korea has claimed that the country's first cases of COVID-19 emerged from an area near the border with South Korea, apparently blaming the South for the outbreak of the virus. Quoting the inspection results of the North's state emergency epidemic prevention headquarters, the Korean Central News Agency (KCNA) reported on Friday that several persons coming from the area of Ipho-ri in Kumgang County in Kangwon Province to the capital city in mid-April had a fever.
2023 Minimum Wage Set at 9,620 Won in 5% Rise
Next year's minimum wage has been set at nine-thousand-620 won per hour, up five percent from this year. The Minimum Wage Commission, the rate-setting body of nine representatives each from labor, business and the general public, made the decision on Wednesday. After labor and management failed to come up with workable proposals during the Wednesday session that started at 3 p.m., representatives from the general public proposed the five-percent increase at around 10 p.m.
Yoon, NATO chief hail new partnership, new S. Korean mission to NATO
President Yoon Suk-yeol met with the chief of the North Atlantic Treaty Organization (NATO) on Thursday and discussed South Korea's plans to enter into a new partnership agreement with the organization and open a mission to NATO in Belgium, his office said.
Autopsy fails to determine cause of Gwangju family's deaths
Police investigating the mysterious deaths of a 10-year-old girl and her parents found in a car sunk in waters off the southwestern coast said Thursday they have failed to determine the exact cause of their deaths after an autopsy. The National Forensic Service performed forensic autopsies on the remains of Cho Yu-na, a Gwangju elementary school student
N. Korea appears to have discharged water from dam near inter-Korean border: gov't official
North Korea appears to have released water from a dam near the inter-Korean border, while remaining unresponsive to Seoul's request for prior notice, a South Korean government official Thursday. "It is presumed that North Korea has recently opened the floodgates of Hwanggang Dam," the unification ministry official told reporters amid reports that the impoverished North is suffering torrential rains in many parts of the country.
The Korea Herald (http://www.koreaherald.com)
Yoon’s NATO trip ‘achieved goals beyond expectations’: presidential office
President Yoon Suk-yeol’s first overseas trip had exceeded expectations, the presidential office said Wednesday, crediting the administration’s two-track strategy of attending security-themed NATO meetings and economy-focused bilateral summits.
Awkward yet cordial: Yoon and Kishida's encounters in Spain
The South Korea-Japan bilateral summit some had hoped for did not materialize, but both nations’ leaders appeared sincere at this week’s NATO summit about wanting to improve relations. The invitation of the two countries to the Western military alliance gathering in Madrid, Spain, drew attention to the possibility of a bilateral summit between President Yoon Suk-yeol and Prime Minister Fumio Kishida.
Yoon expresses hope for improved Seoul-Tokyo ties
President Yoon Suk-yeol expressed hope of improving South Korea-Japan relations to his Japanese counterpart, Fumio Kishida, during a brief encounter at the NATO summit, Seoul’s presidential office said Wednesday. According to the presidential office, Yoon and Kishida had a short conversation at the dinner party hosted by Spain’s King Felipe VI on Tuesday.
The Korea Times (http://www.koreatimes.co.kr)
Will Korea-US-Japan military drills happen?
Japanese Prime Minister Fumio Kishida's remarks during his meeting with President Yoon Suk-yeol and U.S. President Joe Biden, Wednesday (local time), are creating a stir here as Kishida floated the idea of holding a trilateral military drill, which South Korea has been sensitive about. On the sidelines of the NATO summit in Madrid, Spain, the three heads of state sat down together for the first time in nearly five years.
'Tangible outcome' in arms deal with Poland expected soon
A possible deal to export weapons to Poland could be President Yoon Suk-yeol's first achievement in his diplomatic efforts to promote South Korean industries in Europe, with the presidential office saying "a tangible outcome will likely come in the near future."
Yoon heads home after attending NATO summit in Spain
President Yoon Suk-yeol left Spain on Thursday to head home after attending the North Atlantic Treaty Organization (NATO) summit, and holding a series of bilateral and multilateral meetings on the sidelines on his first overseas trip as president. The four-day visit to Madrid came weeks after his inauguration on May 10, giving him the chance to hold his first in-person meetings with world leaders, including Japanese Prime Minister Fumio Kishida and Australian Prime Minister Anthony Albanese.
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