Chipmaking sector expected to enjoy longer-than-expected boom: BOK report

This image provided by SK hynix shows its latest HBM3E chips. Yonhap

The chipmaking sector’s upside cycle may last into the first half of next year and possibly beyond that time, giving a boost to the country’s exports, a report from the Bank of Korea said Friday.

The global chipmaking sector rebounded early last year on the back of a boom in artificial intelligence, and its rising cycle may last longer than expected, the report said.

Demand for semiconductors may continue to increase from the server, mobile and personal computer sectors, but supply may be relatively limited, it said.

“The global 안전 chipmaking sector’s upside cycle will help the country’s exports of chips, which in turn will boost the country’s overall exports,” it said.

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Korea needs to bolster ties with Czech firms to win nuclear plant project

Petr Tresnak, deputy minister of industry and trade of the Czech Republic, speaks during an interview with The Korea Times at the Czech Embassy in Seoul, Wednesday. Korea Times photo by Shim Hyun-chul

Korea should enable Czech companies to enjoy benefits from its potential nuclear power plant construction project in the Czech Republic, not just offer a lower price to outbid France for the 30 trillion won ($22 billion) project, according to a senior government official from the Central European country.Petr Tresnak, deputy minister of industry and trade of the Czech Republic, told The Korea Times that his government will also evaluate the bidders in terms of their partnerships with local companies, not only from an economic, safety and technical point of view.“There are other aspects which can be evaluated in the bidding process, such as Czech companies’ participation in the project and a bidder’s partnership with them in R&D and education,” he said during an interview at the Czech Embassy in Seoul, Wednesday.Korea Hydro & Nuclear Power (KHNP), a state-owned nuclear power plant operator that tendered for the project, has sought to boost ties with Czech companies and local communities, after the Czech government decided to pursue the construction of a new nuclear power plant in 2016.

Doosan Enerbility, one of the Korean partners of KHNP for the project, vowed to source components for new nuclear power plants from its Czech subsidiary and multiple other local equipment makers. It made the pledge during its Partnership Day event earlier this month, which was also attended by the deputy minister.These efforts led some in the Czech media to expect KHNP to beat its competitor, EDF, a French government-owned electric utility company. The Korean government has also maintained an optimistic outlook, saying that Korea is the only nation that can build high-quality nuclear power plants on time and on budget.Tresnak, who is also a nuclear engineer, acknowledged Korea as a country possessing know-how in the nuclear industry and Doosan as an important partner for his country and companies there.However, he remained cautious about predicting the preferred bidder that will be announced on July 15.“It will be quite 슬롯사이트 clear a month later,” he said.

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Namdaemun Market to hold craft beer festival next week

This aerial view of Sungnyemun Gate shows a guard-changing ceremony, June 22, 2021.  Korea Times photo by Shim Hyun-chul

An outdoor craft beer festival will be held in the heart of Seoul next week, featuring some 20 selected craft beer breweries from across the country as well as various performances, the Namedaemun Market Merchants Association said Thursday.The 2024 Namdaemun Market Day with Big Mac Craft Beer Festival will take place from May 29 to 31 in front of Sungnyemun on the corner of Namdaemun Market.Sungnyemun, a stone structure featuring an arched entrance at its center, holds the esteemed status of being Korea’s national treasure. Informally referred to as Namdaemun, it stands as a symbol of cultural heritage and historical significance in Korea.The association organized the event to commemorate the establishment of a new arcade and the modernization of the surrounding environment, initiatives that local merchants believe will play a pivotal role in drawing increased numbers of international tourists to the area.

The brewery lineup includes Reindeutsch from the southernmost coastal city of Tongyong, South Gyeongsang Province; Artmonster Brewery from Seoul’s Gangnam District; Dongducheon Brewery from Dongducheon, Gyeonggi Province; and Mont Beer from Sokcho, Gangwon Province. Notably, the three-day event will also present Namdaemun Beer, a new craft beer designed after Seoul’s iconic landmark.A ceremony commemorating the day of Namdaemun Market merchants is scheduled to take place at 11 a.m. on May 30. Following the ceremony, attendees can anticipate a live performance by Jeon Young-rok, a renowned Korean pop singer-songwriter celebrated for his prolific career, which began with his debut in 1971 and includes numerous chart-topping hits.The festival will then feature a singing contest among merchants and local residents, a DJ party, live music performances and recreational events.The association said the upcoming event will become a venue where all participants, including beer lovers, can have a good time.The event is also expected to contribute to improving the regional economy and is open to everyone. There is no entry fee.“We invite everyone to the festival, which will light up the night of Seoul,” said Moon Nam-yup, the president of the merchants association.”We plan to offer fresh and high-quality beer made by some of the best craft beer breweries in the country with some great live music in Namdaemun, a historic landmark that stands between the 카지노사이트킹 past and present.”

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Culture ministry to expand Korea Season festival to promote K-culture worldwide

 Culture Minister Yu In-chon, center, speaks during a briefing held at National Museum of Modern and Contemporary Art in Seoul's Jongno District,  Thursday. Yonhap

The Ministry of Culture, Sports and Tourism announced plans to upgrade its international strategy to promote Korean culture globally. As part of the initiative, the ministry will expand Korea Season, a major overseas festival showcasing K-culture’s rich appeal.The ministry unveiled measures to revise and supplement existing policies to elevate Korea as a global cultural hub during a briefing at the National Museum of Modern and Contemporary Art in Seoul’s Jongno District, Thursday.The Korea Season festival, first introduced in 2022, is an annual cultural exchange program targeting countries with high potential for K-culture’s success. Designed to showcase Korean culture and foster bilateral exchanges, the event was held in Mexico in 2022 and the United Kingdom in 2023.

This year’s event launched across France earlier this month ahead of the Olympic Games in Paris and is set to continue for six months in other French cities, including Avignon, Aurillac and Nantes.Culture Minister Yu In-chon outlined specific goals for Korea Season’s expansion, including selecting around 10 target countries for their characteristics, and occasions and appointing a general artistic director to improve the festival’s overall quality.”Based on this strategic initiative, we will systematically reorganize and expand existing policies,” Yu said in the briefing. “We will lead cooperation with various entities and spearhead our country’s advancement as a global cultural 온라인카지노 hub.”

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Korea to host three-way summit with China, Japan Monday

 Kim Tae-hyo, first deputy chief of the presidential National Security Office, speaks during a press briefing at the presidential office in Yongsan District, Seoul, Thursday. Yonhap

The leaders of South Korea, China and Japan will hold a trilateral summit in Seoul on Monday, the presidential office said Thursday, marking a resumption of the long-stalled meeting between the Asian neighbors.The summit will bring together President Yoon Suk Yeol, Japanese Prime Minister Fumio Kishida, and Chinese Premier Li Qiang. Since the inaugural trilateral summit in 2008, China has been represented by its No. 2 official instead of its president.Yoon will hold respective bilateral talks with Li and Kishida on Sunday afternoon, followed by a welcoming dinner involving delegations and businesspeople. The trilateral summit will take place on Monday morning, and a joint declaration will be issued after their meeting, according to the presidential office.”The upcoming summit will serve as a catalyst to fully revive and normalize the cooperation framework between (South) Korea, Japan and China. The meeting will provide an opportunity to explore future-oriented and feasible ways of cooperation that resonate with the people of the three nations,” Kim Tae-hyo, first deputy chief of the presidential National Security Office, said during a press briefing.Kim elaborated that South Korea has proposed six concrete areas of possible cooperation, which are expected to be the main agenda items: people-to-people exchanges, response to climate change, economy and trade, health and aging population, technology and science and disaster response.

“The leaders of the three countries will hold in-depth discussions on cooperative measures in these areas, and the results will be included in a joint declaration,” Kim said.He also emphasized that discussions will extend to regional and international affairs, highlighting the commitment of the three nations to collaborate in addressing global crises and fostering international peace and prosperity.These statements suggest that the upcoming discussions among the three nations will likely prioritize reaching feasible outcomes in less politically contentious areas rather than delving into regional security issues such as those concerning the Taiwan Strait and North Korea.On Wednesday, the Chinese government summoned senior South Korean and Japanese diplomats in Beijing to lodge complaints on issues related to Taiwan. This move followed a protest by the Chinese Embassy in Seoul against members of South Korea’s ruling People Power Party (PPP), Tuesday, for their participation in the inauguration ceremony of Taiwanese President Lai Ching-te held the previous day.Furthermore, it is unlikely that the joint declaration will include concrete messages against North Korea’s nuclear threats.”While the leaders will engage in free discussions, achieving consensus on issues like North Korea, denuclearization, and inter-Korean relations within a short timeframe would be challenging,” a senior presidential official said on condition of 스포츠토토존 anonymity.

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Battle of the Languages: French and English

Charles Claude Aleveque teaches French in Seoul in the late 1890s. Robert Neff Collection

Korean is said to be one of the fastest-growing languages in the world. Undoubtedly, Korean movies, dramas and K-pop have influenced the popularity of the language. Not many years ago, speaking a few words of Korean garnished undeserved praise from elderly Korean shop keepers, but those days are gone. Korean-speaking foreigners are often encountered in the streets, seen on TV or on YouTube. The number of Korean language schools are constantly increasing, and for those who cannot physically attend a language school, there are many programs online.But what was it like to learn Korean in the 1880s? Most of the early American missionaries hired Koreans to teach them the language — many of these early students did fairly well, while others, like Horace Allen, gave up quickly.In the summer of 1885, Henry Appenzeller, an American missionary, studied every day for five hours with his Korean tutor and used a French-Korean dictionary as his textbook. In a letter to his father, Appenzeller noted that he was acquiring “quite a knowledge of French” in his pursuit of learning Korean.

Appenzeller probably learned some Korean as he taught English to his students. In a letter to his friend, he wrote:“Educational work is acceptable, especially instruction in the English language. It is truly wonderful how the East takes to the English language. Everybody is anxious to learn it and proud when he knows but a few words. Even my houseboy who has picked up a few words prefers to receive his orders in it. I never saw the superiority of the glorious English over other languages as I do now and I believe she is destined to be the language of the world.”This desire to learn and practice English was often described in letters home or in contemporary books and newspaper articles. Sometimes these anecdotes were rather amusing such as the young Korean boys who pestered British sailors for cigarettes and tobacco. When they were refused, the young English scholars expressed their dissatisfaction with “volleys of British oaths.”As Appenzeller predicted, English became the “language of the world” — at least in Korea — but not without some 메이저 challenges.

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Sharon Jang: from voiceless in North Korea to author in South Korea

North Korean refugee Sharon Jang, center, poses with her book “Girl with Black Makeup” with FSI co-founders Casey Lartigue Jr., left, and Lee Eun-koo. Courtesy of Freedom Speakers International

Two weeks ago, I briefly told the story of my birthday gift battle with North Korean refugee Sharon Jang. She started it by sending almost $200 to me to celebrate my birthday a few years ago. When it was her birthday a few months later, I sent her almost $200. We have been sending that $200 to each other for a couple of years now, probably confusing any bankers wondering why neither one of us is claiming that $200. There is much more to the story with Sharon.On March 19, she visited the Freedom Speakers International office in Seoul’s Mapo District to sign a book contract. Just 12 days later, on March 31, FSI co-founder Lee Eun-koo published Sharon Jang’s memoir, “Girl with Black Makeup,” on Amazon. While it may not be a record, it is certainly unusual for an author to sign a contract merely 12 days before a book’s release.Sharon first began working on the book with us in 2018 but was sidetracked by personal circumstances, and then we got sidetracked trying to save FSI during COVID-19. We resumed work on the book again in 2022.No signed contract and not even a memorandum of understanding six years later? Authors should protect themselves at every step of the way during the book publishing process. In this case, because of our reciprocal relationships with North Korean refugees, FSI was in the role of both publisher and protector. During the process of writing the book, we explained to Sharon what we knew about book contracts in Korea and the United States so she could exercise her options. We discussed that we could work with her to prepare to publish her book with a larger publisher, but she rejected that option and said she wanted to publish the book with us.When Sharon visited our office Wednesday, I asked her why we had not signed a contract until mid-March. She was clear about the first reason: “I trust you and Eun-koo. FSI is always with me.”Sharon first joined FSI in early 2015. She has been a student in our English Empowerment Project, a public speaker, donor,

fundraiser, office staffer and now our third North Korean Refugee Author Fellow. Every interaction with her has fostered cooperation, deeper understanding and harmony.Like many North Korean refugees, Sharon bears scars from her experiences in North Korea, her escape to freedom and her adjustment to a new life. She has many reasons to be cynical and skeptical, yet she remains optimistic.When I asked Sharon to explain a bit more about not being concerned about the contract, she explained a second reason. Writing the book bolstered her self-confidence. It allowed her to reflect on her life, grow as a person and adopt a more positive outlook on life. “I reflected on my life. It fed my soul and made me a better person,” she shared. She hopes her experience can inspire others who may also be going through difficult times.In North Korea, Sharon was condemned to life as part of the “hostile” or “despised” class due to her grandfather being a South Korean soldier captured by North Korean forces near the end of the Korean War. Her parents were condemned to work in a coal mine because of their respective family social class, and Sharon suffered the same fate, assigned to work in the infamous Aoji Coal Mine.Voiceless and working long hours in a dangerous coal mine without consideration of her desires, the idea of writing a book was unthinkable when she was in North Korea. The North Korean government controls all publishing and would have severely punished her family even further for daring to express themselves independently.In freedom, she has the opportunity to tell her story. Some critics accuse North Korean refugees of hastily writing memoirs. Sharon escaped from North Korea in 2011 and arrived in South Korea in 2012. A dozen years doesn’t seem like she was in a hurry to complete a book.Jang Jin-sung, a former “psychological officer” for the North Korean regime and also an author, praised our engaging with North Korean refugees. He said we empower North Korean refugees who were “stripped of their identity at birth in North Korea.” He said, “An important aspect of adjustment is about helping people gain confidence in themselves as humans. That’s one reason that I tell people, including politicians and NGO leaders: There are many NGOs for helping North Korean refugees, but FSI is the best model for helping refugees practically and productively. Refugees can gain confidence in themselves as they adjust to living outside of North Korea, gaining the skill of speaking English that enables them to interact with anyone in the 슬롯게이밍 world.”

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Political row intensifies over special probe bill into Marine’s death

Rep. Park Chan-dae, front, floor leader of the Democratic Party of Korea, speaks during a press conference near the presidential office in Seoul, Saturday, urging President Yoon Suk Yeol to accept a special counsel probe over a Marine's death. Yonhap

The political row over a special probe bill into a Marine’s death has intensified, as the opposition bloc is pressuring President Yoon Suk Yeol to accept the Assembly-approved bill. Meanwhile, the ruling side has described the attempt as being “politically motivated.”On Saturday, the main opposition Democratic Party of Korea (DPK) and five other opposition parties — the Rebuilding Korea Party (RKP), the Reform Party, the Justice Party, the Progressive Party and the Saemirae Party — held a joint press conference near the presidential office in Seoul to call on Yoon to accept a special counsel bill passed by the opposition-controlled National Assembly last week.

The bill aims to launch a sweeping investigation into officials at the presidential office, the Ministry of National Defense and the Marine Corps, to look into the death of Marine Cpl. Chae Su-geun, who died last year during a search operation after floods, amid suspicions of political interference in order to downplay the responsibilities of ranking military officials.”Is it asking too much to ask for the truth on why a young Marine died during a search-and-rescue operation for flood victims and whether there was external pressure during the course of the investigation?” DPK floor leader Rep. Park Chan-dae said. “The president using his veto power will not hide the truth.”RKP leader Cho Kuk, known for his vocal criticism of Yoon, said, “People are demanding a special counsel probe right now.” According to recent public surveys, nearly 70 percent of the people support the special counsel probe.The first-term lawmaker-elects of the DPK 카지노사이트킹 staged a sit-in protest against the Yoon administration

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Hyundai Motor beats Volkswagen in quarterly profit for 1st time

The headquarters of Hyundai Motor and Kia in Seoul are seen in this file photo. Courtesy of Hyundai Motor Group

Hyundai Motor Group has achieved a historic milestone of surpassing Volkswagen Group for the first time in quarterly operating profit, rising to become the world’s second-most-profitable carmaker, according to data and industry officials Sunday.Hyundai Motor Group’s three carmaking affiliates — Hyundai Motor, Kia and Genesis — achieved a combined operating profit of 6.98 trillion won ($5.08 billion) in the first quarter.This slightly exceeds that of Volkswagen Group, which had an operating profit of around 6.78 trillion won during the same period.Toyota maintained its lead with a considerable margin of more than 2 trillion won compared with the runner-up. But Hyundai Motor outdid Toyota in operating profit margin.The figure for Hyundai Motor Group came in at 10.4 percent, topping the list among global carmakers. That of Toyota reached 10 percent, followed by General Motors and Volkswagen Group, which had operating profit margins of 8.7 percent and 6.1 percent, respectively, during the same period.The latest achievement was driven by Hyundai Motor Group’s diversified vehicle lineups and expanded sales for its profitable luxury vehicles.

“The sales portions of the group’s SUV lineup and Genesis-brand vehicles have increased, helping rev up its sales growth,” said Kim Sung-rae, an analyst at Hanwha Investment & Securities.The carmaker will keep improving its profitability by developing new small hybrid vehicles and manufacturing more hybrid cars by transforming part of its electric vehicle (EV)-dedicated manufacturing facility in North America, according to Kim.The carmaker recently shared its plan to produce hybrid cars at its Hyundai Motor Group Metaplant America in Georgia, which is scheduled to start operation in the fourth quarter of this year.The decision reflects the growing demand for hybrid vehicles as the global EV industry enters an early phase of chasm.The brokerage house revised Hyundai Motor’s target stock price to 290,000 won per share, maintaining its opinion of buying the shares.Other experts also shared optimistic outlooks on Hyundai Motor Group from a longer-term viewpoint, as the carmaker bets big on future mobility — such as EVs — and takes the technological lead in related sectors.“Hyundai Motor Group’s core strength lies in its complete vehicle portfolio — ranging from cars with internal combustion engines, EVs and even hydrogen-powered cars,” said Kim Pil-soo, an automotive technology professor at Daelim University College.“Hyundai Motor Group is de facto the only global carmaker that can mass-produce all of the vehicle segments at a decent level. In particular, Hyundai Motor’s technological prowess in EVs remains 온라인카지노 unmatched.”

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Late Lee Sun-kyun’s movie ‘The Land of Happiness’ to release in August

A poster for the film  “The Land of Happiness' / Courtesy of NEW

The film “The Land of Happiness,” starring the late actor Lee Sun-kyun, will hit local theaters in August, the film’s distributor NEW confirmed.The period political movie is based on a real-life event, the assassination of former President Park Chung-hee in 1979. The story revolves around a man named Park Tae-joo (Lee), who is accused of the murder of the former president and put on trial for the assassination, and his lawyer Jung In-hoo (Jo Jung-suk), who fights to save Park from facing a death sentence.The film is directed by Choo Chang-min, whose previous works includes the 2012 smash-hit historical film “Masquerade” and the 2018 thriller film “Seven Years of Night.”

This is one of two films the late actor has finished filming before he passed away in December last year, along with the thriller “Project Silence,” whose release date is yet to be determined.Lee, who garnered the spotlight with the award-winning film “Parasite,” faced allegations of illegal drug use last October, which led him to undergo three rounds of police questioning. He tested negative for drugs but was found dead amid the investigation. A senior police officer in March admitted to leaking details of a drug investigation into the deceased actor including personal information about people connected to the case.His death stirred controversy with some questioning investigation procedures on whether the police invaded his privacy by making him stand at the press photo line before his questioning sessions. A group of people from the entertainment industry, including director Bong Joon-ho, released a statement calling for a probe into 스포츠토토존 the police’s handling of the investigation.

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