Tag: 코리아헤럴드

  • Hybe becomes largest shareholder in SM Entertainment  

    [

    \"Hybe

    Hybe headquarters (Hybe)

    Hybe, the K-pop company behind boy group BTS, said Wednesday it has acquired a 14.8 percent stake in its industry rival SM Entertainment to become its largest shareholder.

    Hybe said in a regulatory filing that it has paid for the purchase earlier than scheduled.

    On Feb. 10, the company agreed to buy the shares from SM‘s founder and former chief producer Lee Soo-man for 422.8 billion won (US$335.8 million) and said the deal will be sealed on March 6. Lee had an 18.46 percent stake in SM at that time.

    Lee’s remaining stake in SM will also go to Hybe within this year as the deal included a put option that gives Lee the right to sell the remaining shares at a specific price within a month from either the time when the business combination is approved or the day when the deal is sealed.

    Industry experts say the early settlement of the deal was aimed to stably end the acquisition process by becoming its largest shareholder as early as possible ahead of a meeting of SM shareholders next month.

    Hybe CEO Park Ji-won stressed in a message sent to SM‘s artists and their fans, employees and shareholders that his company respect what the rival agency’s “SM 3.0” growth strategies aim to achieve.

    SM has recently announced the strategies centered on establishing a multi-production and label system, and using the intellectual property rights of its artists also for products other than music, such as merchandise and games.

    “We‘ll actively support SM artists seeking chances to advance into overseas markets using the know-how and global network that we have built so far,” Park said.

    Hybe will share its know-how of leading overseas K-pop markets in the United States, South America and India, among others, he added.

    Hybe is home to global K-pop acts, such as BTS, Seventeen, Tomorrow X Together, Enhypen, NewJeans and Le Sserafim, while SM Entertainment is one of the country’s top K-pop agencies, with big-name K-pop acts like EXO, Red Velvet, NCT and aespa under its belt.

    “Hybe SM Entertainment will work together to create the best company that can stand shoulder to shoulder with the world‘s top three major music companies,” he said.

    Meanwhile, SM Entertainment said it will hold a meeting of shareholders on March 31 to elect new board members.

    SM Entertainment also proposed to pay a dividend of 1,200 won per share, as it posted record profits last year. (Yonhap)





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  • Korea declares emergency measures over children’s health care crisis

    [

    South Korean hospitals are scrambling to keep their children’s units running, with the government declaring emergency measures Wednesday to keep the faltering pediatric health care system afloat.

    In an emergency briefing, Minister of Health and Welfare Cho Kyoo-hong said his ministry would be adding more public pediatric intensive care centers, and implement a compensation system that will prompt larger hospitals to operate pediatric emergency rooms around the clock.

    “Investments in the pediatric medical system are investments in the future of our country,” he said.

    Earlier the same day, President Yoon Suk Yeol visited the Seoul National University Hospital’s pediatric ward and told staff that looking after the health of children was “the country’s top priority.”

    “Nothing is more important than making sure our children are getting the health care services they need,” he said. “To do that we have to build a strong pediatric medical system, especially for children in intensive care, and compensate our medical workforce better.”

    Overworked but underpaid

    In December last year, the 1,500-bed Gachon University Gil Medical Center, the largest hospital in Incheon alongside the state-run Incheon Medical Center, announced it was halting admissions of pediatric patients.

    The key reason behind what is meant to be a temporary closedown was a yearslong shortage of trainee doctors, known as residents, in pediatrics. The shortages forced existing pediatricians to be overworked.

    At the same Gil Medical Center in 2019, a pediatrics resident died while on late shift. An investigation by the Korean Intern Resident Association at the time revealed he had been working 188 hours per week on average, sometimes working as long as 50 to 55 hours per shift.

    The working conditions for residents are no better in other hospitals.

    One of the largest hospitals in Seoul in 2019 came up with a policy to not to let a single shift last longer than 36 hours. But in “emergencies,” working up to 40 consecutive hours was permissible. The Intern Resident Association said in a statement December last year that at most hospitals, residents still worked a 36-hour shift at least two to three times a week.

    Not only in Incheon but across the country, pediatricians’ offices are closing down and hospitals are limiting their pediatric services.

    In 2021, about 120 pediatric clinics ran out of business, more than any other specialty. The Korean Pediatric Society’s survey from September last year showed that across the country, only 36 percent of hospitals large enough to train residents had 24-hour pediatric emergency units.

    COVID-19 dealt a blow to pediatricians all over, but the root causes run deeper. Pediatricians say the crisis has been in the making for the past two decades.

    “The fees for pediatric services have been nearly the same since the time when a million babies were born a year. Now less than 250,000 babies are being born a year,” Dr. Ma Sang-hyuk, who has worked as a pediatrician since 1995 at Fatima Hospital in Changwon, South Gyeongsang Province, said in a phone call with The Korea Herald.

    “Simply calculated, this means pediatricians now can expect to make a quarter of what they would have made in the 1990s.”

    Almost all pediatric care is covered by the National Health Insurance Service in Korea, which means that pediatricians are remunerated mostly through patient consultation fees. In other words, how much a pediatrician makes is dependent on how many patients they see.

    According to the Health Ministry’s statistics for 2010-2020, pediatricians have consistently ranked the lowest in terms of average income among major specialists. In 2020, pediatricians made 134 million won ($102,700) a year on average, which is more than 100 million won less than the average yearly earnings of all doctors across specialties.

    Ma, who helped formulate the Yoon administration\’s pediatric health care policies while Yoon was president-elect, said that the health care crisis for children has been worsening amid the government’s indifference.

    “Yes there was COVID-19. But this isn’t something that happened overnight,” he said.

    The Health Ministry “got comfortable exploiting the cheap workforce of residents” and didn’t look to fix what was wrong until it was too late, he said. “Our government sustained the system by overworking residents at a cheaper price, to make up for the shortages in specialists.”

    He called on Yoon to follow through with his pledge to build a health care system so that hospitals, especially ERs and ICUs, no longer have to rely on residents.

    “Maybe it’s because children cannot vote. But children’s health care tends to be sidelined in our health care policies. The focus seems to be always on adult patients,” he said.

    Dr. Lim Hyun-taek, another pediatrician, said that the state health insurance system has to catch up in a way that can increase compensation for specialties such as pediatrics that are struggling to retain doctors.

    “On top of low birthrates, patient visits have dropped over COVID-19. More former pediatricians are going into aesthetic medicine, which is compensated far better (than pediatrics) because of how our system works,” he wrote in a series of Facebook posts. In the posts, Lim was referring to Korea’s fee-for-service system in which the fees for pediatric services are far lower than other “non-life-saving services.”

    “Unless the system changes in a way that can compensate pediatricians better, less young doctors will want to pursue pediatrics, and I cannot blame them,” he said.

    By Kim Arin (arin@heraldcorp.com)





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  • BTS\’ V interns as a cook in cutthroat ‘Jinny’s Kitchen\’

    [

    \"K-pop

    K-pop boy band BTS\’ V plays an intern in \”Jinny\’s Kitchen\” (tvN)

    \"From

    From left: Actors Park Seo-joon, Jung Yu-mi, Lee Seo-jin, singer V of BTS and actor Choi Woo-shik pose for photos before an online press conference. (tvN)

    Cable channel tvN’s smash-hit cooking and travel show “Youn’s Kitchen” is set to return with the spinoff series “Jinny’s Kitchen.”

    “I am at that age where I should become a boss and run my own business. I felt happy doing whatever I wanted,” actor Lee Seo-jin, the new CEO of the Korean street food restaurant featured the show, said in an online press conference Wednesday.

    Lee has worked alongside the Oscar-winning actor Youn Yuh-jung in “Youn’s Kitchen” since the show’s premiere in 2017.

    “Because ‘Youn’s Kitchen’ was promoting traditional Korean dishes to foreigners, I thought it would be interesting for Lee to sell bungeoppang overseas,” the series\’ director

    Na Young-seok said, explaining how he came up with the show\’s concept. Bungeoppang is a fish-shaped waffle filled with sweet red bean paste that is popular as a winter snack in Korea.

    “This idea developed into popular on-the-go meals and Korean street food. Luckily, we were able to open a new franchise restaurant, following the footsteps of ‘Youn’s Kitchen,’” Na added.

    Unlike the heartwarming, slow-paced “Youn’s Kitchen,” “Jinny’s Kitchen” will be more like a suspense thriller in which the restaurant crew are strictly evaluated by Lee. Throughout the series, the cast members keep each other in check and secretly reveal their own ambitions, according to the director.

    “Under a new company philosophy titled \’Making revenue is everything,\’ everyone (except Lee) worked really hard, trying to fulfill their roles. Some were saying that they wanted to open a franchise restaurant of their own, like ‘Yumi’s Kitchen,’ ‘Junny’s Kitchen’ or ‘Tae-hyung’s Kitchen,’” Na said, beaming.

    The upcoming variety show features South Korean movie stars Lee, Jung Yu-mi, Park Seo-joon, Choi Woo-shik and K-pop boy band BTS’ V. The star-studded cast sells Korean street foods including gimbap, tteokbokki, Korean-style hot dogs and more in Bacalar, a tropical destination in southern Mexico.

    \"Park

    Park Seo-joon plays a newly promoted chef in \”Jinny\’s Kitchen\” (tvN)

    Park, who is set to make his Hollywood debut in the Marvel film “The Marvels,” was surprised to discover his lesser-known greedy side.

    \”Though I got a new title, I still had a boss and a senior. Nothing really changed much for me. I always stayed inside the kitchen, working hard,\” said Park, the newly promoted chef in the series.

    “‘Jinny’s Kitchen’ is a variety show, but whenever Lee tried to close the restaurant, I started to get a little frustrated, thinking we could sell more if we worked a little longer. I felt that this is why people say, ‘Avoid the love of money,’” Park said, adding that he has come to respect people in the restaurant business even more as a result of being on the show.

    V, joining the series for the first time as an intern, said that he was more than happy to be a part of the “Jinny’s Kitchen” crew.

    \”Many tasks were waiting for me, and I had to work hard,\” V said, recalling his duties as an intern.

    “I felt grateful to be able to share unforgettable memories with everyone. As part of BTS, I considered myself as someone who couldn’t cook, but I got to be a chef in the series. After cooking some dishes, I became certain that cooking is definitely not entertaining,” V said jokingly.

    “Jinny’s Kitchen” is set to premiere at 8:50 p.m. on Friday on tvN and the streaming service Tving.

    The show will also be available in 12 countries including the US, the UK, Canada, Singapore, Hong Kong and Indonesia via Amazon Prime Video on the same day.

    By Lee Si-jin (sj_lee@heraldcorp.com)





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  • BTS\’ V interns as a cook in cutthroat ‘Jinny’s Kitchen\’

    [

    \"K-pop

    K-pop boy band BTS\’ V plays an intern in \”Jinny\’s Kitchen\” (tvN)

    \"From

    From left: Actors Park Seo-joon, Jung Yu-mi, Lee Seo-jin, singer V of BTS and actor Choi Woo-shik pose for photos before an online press conference. (tvN)

    Cable channel tvN’s smash-hit cooking and travel show “Youn’s Kitchen” is set to return with the spinoff series “Jinny’s Kitchen.”

    “I am at that age where I should become a boss and run my own business. I felt happy doing whatever I wanted,” actor Lee Seo-jin, the new CEO of the Korean street food restaurant featured the show, said in an online press conference Wednesday.

    Lee has worked alongside the Oscar-winning actor Youn Yuh-jung in “Youn’s Kitchen” since the show’s premiere in 2017.

    “Because ‘Youn’s Kitchen’ was promoting traditional Korean dishes to foreigners, I thought it would be interesting for Lee to sell bungeoppang overseas,” the series\’ director

    Na Young-seok said, explaining how he came up with the show\’s concept. Bungeoppang is a fish-shaped waffle filled with sweet red bean paste that is popular as a winter snack in Korea.

    “This idea developed into popular on-the-go meals and Korean street food. Luckily, we were able to open a new franchise restaurant, following the footsteps of ‘Youn’s Kitchen,’” Na added.

    Unlike the heartwarming, slow-paced “Youn’s Kitchen,” “Jinny’s Kitchen” will be more like a suspense thriller in which the restaurant crew are strictly evaluated by Lee. Throughout the series, the cast members keep each other in check and secretly reveal their own ambitions, according to the director.

    “Under a new company philosophy titled \’Making revenue is everything,\’ everyone (except Lee) worked really hard, trying to fulfill their roles. Some were saying that they wanted to open a franchise restaurant of their own, like ‘Yumi’s Kitchen,’ ‘Junny’s Kitchen’ or ‘Tae-hyung’s Kitchen,’” Na said, beaming.

    The upcoming variety show features South Korean movie stars Lee, Jung Yu-mi, Park Seo-joon, Choi Woo-shik and K-pop boy band BTS’ V. The star-studded cast sells Korean street foods including gimbap, tteokbokki, Korean-style hot dogs and more in Bacalar, a tropical destination in southern Mexico.

    \"Park

    Park Seo-joon plays a newly promoted chef in \”Jinny\’s Kitchen\” (tvN)

    Park, who is set to make his Hollywood debut in the Marvel film “The Marvels,” was surprised to discover his lesser-known greedy side.

    \”Though I got a new title, I still had a boss and a senior. Nothing really changed much for me. I always stayed inside the kitchen, working hard,\” said Park, the newly promoted chef in the series.

    “‘Jinny’s Kitchen’ is a variety show, but whenever Lee tried to close the restaurant, I started to get a little frustrated, thinking we could sell more if we worked a little longer. I felt that this is why people say, ‘Avoid the love of money,’” Park said, adding that he has come to respect people in the restaurant business even more as a result of being on the show.

    V, joining the series for the first time as an intern, said that he was more than happy to be a part of the “Jinny’s Kitchen” crew.

    \”Many tasks were waiting for me, and I had to work hard,\” V said, recalling his duties as an intern.

    “I felt grateful to be able to share unforgettable memories with everyone. As part of BTS, I considered myself as someone who couldn’t cook, but I got to be a chef in the series. After cooking some dishes, I became certain that cooking is definitely not entertaining,” V said jokingly.

    “Jinny’s Kitchen” is set to premiere at 8:50 p.m. on Friday on tvN and the streaming service Tving.

    The show will also be available in 12 countries including the US, the UK, Canada, Singapore, Hong Kong and Indonesia via Amazon Prime Video on the same day.

    By Lee Si-jin (sj_lee@heraldcorp.com)





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  • BTS\’ V interns as a cook in cutthroat ‘Jinny’s Kitchen\’

    [

    \"K-pop

    K-pop boy band BTS\’ V plays an intern in \”Jinny\’s Kitchen\” (tvN)

    \"From

    From left: Actors Park Seo-joon, Jung Yu-mi, Lee Seo-jin, singer V of BTS and actor Choi Woo-shik pose for photos before an online press conference. (tvN)

    Cable channel tvN’s smash-hit cooking and travel show “Youn’s Kitchen” is set to return with the spinoff series “Jinny’s Kitchen.”

    “I am at that age where I should become a boss and run my own business. I felt happy doing whatever I wanted,” actor Lee Seo-jin, the new CEO of the Korean street food restaurant featured the show, said in an online press conference Wednesday.

    Lee has worked alongside the Oscar-winning actor Youn Yuh-jung in “Youn’s Kitchen” since the show’s premiere in 2017.

    “Because ‘Youn’s Kitchen’ was promoting traditional Korean dishes to foreigners, I thought it would be interesting for Lee to sell bungeoppang overseas,” the series\’ director

    Na Young-seok said, explaining how he came up with the show\’s concept. Bungeoppang is a fish-shaped waffle filled with sweet red bean paste that is popular as a winter snack in Korea.

    “This idea developed into popular on-the-go meals and Korean street food. Luckily, we were able to open a new franchise restaurant, following the footsteps of ‘Youn’s Kitchen,’” Na added.

    Unlike the heartwarming, slow-paced “Youn’s Kitchen,” “Jinny’s Kitchen” will be more like a suspense thriller in which the restaurant crew are strictly evaluated by Lee. Throughout the series, the cast members keep each other in check and secretly reveal their own ambitions, according to the director.

    “Under a new company philosophy titled \’Making revenue is everything,\’ everyone (except Lee) worked really hard, trying to fulfill their roles. Some were saying that they wanted to open a franchise restaurant of their own, like ‘Yumi’s Kitchen,’ ‘Junny’s Kitchen’ or ‘Tae-hyung’s Kitchen,’” Na said, beaming.

    The upcoming variety show features South Korean movie stars Lee, Jung Yu-mi, Park Seo-joon, Choi Woo-shik and K-pop boy band BTS’ V. The star-studded cast sells Korean street foods including gimbap, tteokbokki, Korean-style hot dogs and more in Bacalar, a tropical destination in southern Mexico.

    \"Park

    Park Seo-joon plays a newly promoted chef in \”Jinny\’s Kitchen\” (tvN)

    Park, who is set to make his Hollywood debut in the Marvel film “The Marvels,” was surprised to discover his lesser-known greedy side.

    \”Though I got a new title, I still had a boss and a senior. Nothing really changed much for me. I always stayed inside the kitchen, working hard,\” said Park, the newly promoted chef in the series.

    “‘Jinny’s Kitchen’ is a variety show, but whenever Lee tried to close the restaurant, I started to get a little frustrated, thinking we could sell more if we worked a little longer. I felt that this is why people say, ‘Avoid the love of money,’” Park said, adding that he has come to respect people in the restaurant business even more as a result of being on the show.

    V, joining the series for the first time as an intern, said that he was more than happy to be a part of the “Jinny’s Kitchen” crew.

    \”Many tasks were waiting for me, and I had to work hard,\” V said, recalling his duties as an intern.

    “I felt grateful to be able to share unforgettable memories with everyone. As part of BTS, I considered myself as someone who couldn’t cook, but I got to be a chef in the series. After cooking some dishes, I became certain that cooking is definitely not entertaining,” V said jokingly.

    “Jinny’s Kitchen” is set to premiere at 8:50 p.m. on Friday on tvN and the streaming service Tving.

    The show will also be available in 12 countries including the US, the UK, Canada, Singapore, Hong Kong and Indonesia via Amazon Prime Video on the same day.

    By Lee Si-jin (sj_lee@heraldcorp.com)





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  • BTS\’ V interns as a cook in cutthroat ‘Jinny’s Kitchen\’

    [

    \"K-pop

    K-pop boy band BTS\’ V plays an intern in \”Jinny\’s Kitchen\” (tvN)

    \"From

    From left: Actors Park Seo-joon, Jung Yu-mi, Lee Seo-jin, singer V of BTS and actor Choi Woo-shik pose for photos before an online press conference. (tvN)

    Cable channel tvN’s smash-hit cooking and travel show “Youn’s Kitchen” is set to return with the spinoff series “Jinny’s Kitchen.”

    “I am at that age where I should become a boss and run my own business. I felt happy doing whatever I wanted,” actor Lee Seo-jin, the new CEO of the Korean street food restaurant featured the show, said in an online press conference Wednesday.

    Lee has worked alongside the Oscar-winning actor Youn Yuh-jung in “Youn’s Kitchen” since the show’s premiere in 2017.

    “Because ‘Youn’s Kitchen’ was promoting traditional Korean dishes to foreigners, I thought it would be interesting for Lee to sell bungeoppang overseas,” the series\’ director

    Na Young-seok said, explaining how he came up with the show\’s concept. Bungeoppang is a fish-shaped waffle filled with sweet red bean paste that is popular as a winter snack in Korea.

    “This idea developed into popular on-the-go meals and Korean street food. Luckily, we were able to open a new franchise restaurant, following the footsteps of ‘Youn’s Kitchen,’” Na added.

    Unlike the heartwarming, slow-paced “Youn’s Kitchen,” “Jinny’s Kitchen” will be more like a suspense thriller in which the restaurant crew are strictly evaluated by Lee. Throughout the series, the cast members keep each other in check and secretly reveal their own ambitions, according to the director.

    “Under a new company philosophy titled \’Making revenue is everything,\’ everyone (except Lee) worked really hard, trying to fulfill their roles. Some were saying that they wanted to open a franchise restaurant of their own, like ‘Yumi’s Kitchen,’ ‘Junny’s Kitchen’ or ‘Tae-hyung’s Kitchen,’” Na said, beaming.

    The upcoming variety show features South Korean movie stars Lee, Jung Yu-mi, Park Seo-joon, Choi Woo-shik and K-pop boy band BTS’ V. The star-studded cast sells Korean street foods including gimbap, tteokbokki, Korean-style hot dogs and more in Bacalar, a tropical destination in southern Mexico.

    \"Park

    Park Seo-joon plays a newly promoted chef in \”Jinny\’s Kitchen\” (tvN)

    Park, who is set to make his Hollywood debut in the Marvel film “The Marvels,” was surprised to discover his lesser-known greedy side.

    \”Though I got a new title, I still had a boss and a senior. Nothing really changed much for me. I always stayed inside the kitchen, working hard,\” said Park, the newly promoted chef in the series.

    “‘Jinny’s Kitchen’ is a variety show, but whenever Lee tried to close the restaurant, I started to get a little frustrated, thinking we could sell more if we worked a little longer. I felt that this is why people say, ‘Avoid the love of money,’” Park said, adding that he has come to respect people in the restaurant business even more as a result of being on the show.

    V, joining the series for the first time as an intern, said that he was more than happy to be a part of the “Jinny’s Kitchen” crew.

    \”Many tasks were waiting for me, and I had to work hard,\” V said, recalling his duties as an intern.

    “I felt grateful to be able to share unforgettable memories with everyone. As part of BTS, I considered myself as someone who couldn’t cook, but I got to be a chef in the series. After cooking some dishes, I became certain that cooking is definitely not entertaining,” V said jokingly.

    “Jinny’s Kitchen” is set to premiere at 8:50 p.m. on Friday on tvN and the streaming service Tving.

    The show will also be available in 12 countries including the US, the UK, Canada, Singapore, Hong Kong and Indonesia via Amazon Prime Video on the same day.

    By Lee Si-jin (sj_lee@heraldcorp.com)





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  • [History Through The Korea Herald] Capture of US spy ship symbolizes US-N. Korea tensions

    Summarize this content to 500 words
    Deep in the heart of the North Korean capital Pyongyang, moored along the Pothong River Canal, is a US Navy ship that is featured as an exhibition of the \”Victorious War Museum.\”The ill-fated vessel is USS Pueblo, the only active ship on the commissioned roster of the American Navy now held captive by another country.On Jan. 23, 1968, the world’s most powerful military was dealt an unexpected blow by the hands of a tiny communist state, when Pyongyang attacked the US Navy intelligence-gathering ship and captured it along with a crew of over 80.To this day, North Korea boasts about the 1968 attack and holds the ship up as its shining trophy.To the US, the “Pueblo Incident” remains a bitter memory, something it wants to find closure to.Last month, the US House of Representatives introduced a resolution that called on North Korea to return the hull, marking 55 years since USS Pueblo and its crew were seized. The incident resulted in the death of one crew member. The 82 other survivors were kept in North Korea for 11 months before being returned home.Crew of the USS Pueblo are released by North Korea after 11 months of captivity in this Dec. 23, 1968 file photo. (National Archives of Korea)Daring attack on USThe incident is detailed in The Korea Herald’s top story of Jan. 24, 1968, “Armed N. Koreans capture US navy vessel with 83 crew aboard in East Sea,” which shows that six officers, 75 sailors and two civilians were taken to the port city of Wonsan, Kangwon Province, in the North Korean side of Gangwon Province.The paper also shows that South Korea will hold Cabinet members Yi Ho and Kim Sung-eun responsible for the North’s failed assassination attempt on then-President Park Chung-hee. Just two days earlier, on Jan. 21, 1968, 33 armed North Korean infiltrators had been stopped just 300 meters from the presidential office, an indication of the hostile mood on the Korean Peninsula.Stunned by the capture, the US dispatched the USS Enterprise aircraft carrier to the East Sea, declaring the North’s action an “act of war,” the Jan. 24 edition shows. But no major breakthrough came, as a subsequent related article in The Korea Herald five days later — “Gov’t, US, reject proposal for swap of N. Koreans in ROK (South Korea) for hijacked ship” — shows that Pyongyang attempted to use Pueblo as leverage in negotiations with Seoul and Washington.This Jan. 24, 1968 edition of The Korea Herald carries the story of how the USS Pueblo and its 83 crew were seized by North Korea the day before. (The Korea Herald)The top story for this Jan. 30, 1968 issue of The Korea Herald says that South Korea and the US governments refused Pyongyang\’s proposal, which was to exchange the USS Pueblo and its crew for the North Korean agents who had been captured in the South. (The Korea Herald)North Korea and the US remain at loggerheads over who is to blame for the incident. The North to this day claims the USS Pueblo deliberately entered its territorial waters for espionage. But the US still says the vessel had been in international waters and any evidence or confessions of spy missions by the sailors had been fabricated.The US eventually agreed to sign an apology and admission of intruding in the North’s territorial waters and conducting espionage activities, along with reassurance that it would not happen again. But the aforementioned resolution by the US Congress and Washington’s official position of denying any wrongdoings by the Pueblo shows that this was only done to acquire the freedom of the crew.A declassified document by the US National Security Agency showed the US military had mulled various military actions, including an airstrike and raid across the Demilitarized Zone. But then-US President Lyndon B. Johnson ultimately rejected direct military engagement, and opted for the show of force with the American fleet moving to South Korea.Another memo by the NSA, released in 2004, showed that the US had feared bringing China and the Soviet Union more directly into the situation, risking escalation of the crisis and hostility on the Korean Peninsula at the height of the Cold War. The US was still knee-deep in the Vietnam War at the time, and not even a decade had passed since the Cuban missile crisis of 1962.The Pueblo crew remained in North Korea for 11 months until they were released on Dec. 23, 1968, and the testimonies indicate that the 336 days had been cruel on the prisoners. Stu Russell, one of the captured sailors, said in a recent CNN interview that he “could just feel” the total and complete hatred toward the Americans from the North Koreans.Tom Massi, another crew member, told the Washington Post they were “beaten every day, humiliated, starved, just about anything you could think of” during the 11 months of imprisonment.In 2021, a federal district court in Washington awarded $2.3 billion in damages to the Pueblo’s crew and family members in a suit against North Korea.AftermathIn addition to the inhumane treatment of the prisoners, a US National Security Agency report released in 2012, “The Capture of the USS Pueblo and Its Effect on SIGINT Operations,” shows that the ship’s loss resulted in a compromise of classified materials aboard the ship, along with a “rare view of the complex technology behind US cryptographic systems.”After the Pueblo incident, the US conducted a cryptographic damage assessment that was declassified in 2006. It concluded that despite the crew’s efforts to destroy sensitive materials, they were unable to sufficiently dispose of them due to most of the crew not being familiar with cryptographic equipment.Crew of the USS Pueblo are released by North Korea after 11 months of captivity in this Dec. 23, 1968 file photo. (National Archives of Korea)The cryptographic technicians onboard were subject to intense interrogation by the North, although the damage report concluded that the North Koreans would have eventually understood everything without their information.In addition, the incident handed a material for propaganda for the belligerent North Koreans, who seem determined to ensure that no one would forget the moment of its scarce victory against the Americans. Last month, Rodong Sinmun published by the North’s Workers’ Party of Korea celebrated the 55th anniversary of the USS Pueblo’s abduction, bumptiously stating that North Korea will “obliterate the territory of its enemies upon invaders.”As the 1950-53 Korean War never officially concluded with a peace treaty, the US and North Korea remain at odds.On Monday, the US called on the UN Security Council to act against North Korea’s recent missile provocations. The attempt yielded no result due to the opposition of two veto-wielding members, China and Russia.Between the North’s nuclear programs, ballistic missiles, exchange of tough words and intermittent efforts on the part of Seoul and Washington to bring the communist state to the negotiation table to relieve tensions on the peninsula, relations between the US and North Korea have had their ups and downs.But rarely has it gone as far south as that fateful night on Jan. 23, 1968, and the rusting prisoner docked in the North Korean capital is a testament to the tumultuous and complicated relationship between Washington and Pyongyang.By Yoon Min-sik (minsikyoon@heraldcorp.com)
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    Deep in the heart of the North Korean capital Pyongyang, moored along the Pothong River Canal, is a US Navy ship that is featured as an exhibition of the \”Victorious War Museum.\”

    The ill-fated vessel is USS Pueblo, the only active ship on the commissioned roster of the American Navy now held captive by another country.

    On Jan. 23, 1968, the world’s most powerful military was dealt an unexpected blow by the hands of a tiny communist state, when Pyongyang attacked the US Navy intelligence-gathering ship and captured it along with a crew of over 80.

    To this day, North Korea boasts about the 1968 attack and holds the ship up as its shining trophy.

    To the US, the “Pueblo Incident” remains a bitter memory, something it wants to find closure to.

    Last month, the US House of Representatives introduced a resolution that called on North Korea to return the hull, marking 55 years since USS Pueblo and its crew were seized. The incident resulted in the death of one crew member. The 82 other survivors were kept in North Korea for 11 months before being returned home.

    \"Crew

    Crew of the USS Pueblo are released by North Korea after 11 months of captivity in this Dec. 23, 1968 file photo. (National Archives of Korea)

    Daring attack on US

    The incident is detailed in The Korea Herald’s top story of Jan. 24, 1968, “Armed N. Koreans capture US navy vessel with 83 crew aboard in East Sea,” which shows that six officers, 75 sailors and two civilians were taken to the port city of Wonsan, Kangwon Province, in the North Korean side of Gangwon Province.

    The paper also shows that South Korea will hold Cabinet members Yi Ho and Kim Sung-eun responsible for the North’s failed assassination attempt on then-President Park Chung-hee. Just two days earlier, on Jan. 21, 1968, 33 armed North Korean infiltrators had been stopped just 300 meters from the presidential office, an indication of the hostile mood on the Korean Peninsula.

    Stunned by the capture, the US dispatched the USS Enterprise aircraft carrier to the East Sea, declaring the North’s action an “act of war,” the Jan. 24 edition shows. But no major breakthrough came, as a subsequent related article in The Korea Herald five days later — “Gov’t, US, reject proposal for swap of N. Koreans in ROK (South Korea) for hijacked ship” — shows that Pyongyang attempted to use Pueblo as leverage in negotiations with Seoul and Washington.

    \"This

    This Jan. 24, 1968 edition of The Korea Herald carries the story of how the USS Pueblo and its 83 crew were seized by North Korea the day before. (The Korea Herald)

    \"The

    The top story for this Jan. 30, 1968 issue of The Korea Herald says that South Korea and the US governments refused Pyongyang\’s proposal, which was to exchange the USS Pueblo and its crew for the North Korean agents who had been captured in the South. (The Korea Herald)

    North Korea and the US remain at loggerheads over who is to blame for the incident. The North to this day claims the USS Pueblo deliberately entered its territorial waters for espionage. But the US still says the vessel had been in international waters and any evidence or confessions of spy missions by the sailors had been fabricated.

    The US eventually agreed to sign an apology and admission of intruding in the North’s territorial waters and conducting espionage activities, along with reassurance that it would not happen again. But the aforementioned resolution by the US Congress and Washington’s official position of denying any wrongdoings by the Pueblo shows that this was only done to acquire the freedom of the crew.

    A declassified document by the US National Security Agency showed the US military had mulled various military actions, including an airstrike and raid across the Demilitarized Zone. But then-US President Lyndon B. Johnson ultimately rejected direct military engagement, and opted for the show of force with the American fleet moving to South Korea.

    Another memo by the NSA, released in 2004, showed that the US had feared bringing China and the Soviet Union more directly into the situation, risking escalation of the crisis and hostility on the Korean Peninsula at the height of the Cold War. The US was still knee-deep in the Vietnam War at the time, and not even a decade had passed since the Cuban missile crisis of 1962.

    The Pueblo crew remained in North Korea for 11 months until they were released on Dec. 23, 1968, and the testimonies indicate that the 336 days had been cruel on the prisoners. Stu Russell, one of the captured sailors, said in a recent CNN interview that he “could just feel” the total and complete hatred toward the Americans from the North Koreans.

    Tom Massi, another crew member, told the Washington Post they were “beaten every day, humiliated, starved, just about anything you could think of” during the 11 months of imprisonment.

    In 2021, a federal district court in Washington awarded $2.3 billion in damages to the Pueblo’s crew and family members in a suit against North Korea.

    Aftermath

    In addition to the inhumane treatment of the prisoners, a US National Security Agency report released in 2012, “The Capture of the USS Pueblo and Its Effect on SIGINT Operations,” shows that the ship’s loss resulted in a compromise of classified materials aboard the ship, along with a “rare view of the complex technology behind US cryptographic systems.”

    After the Pueblo incident, the US conducted a cryptographic damage assessment that was declassified in 2006. It concluded that despite the crew’s efforts to destroy sensitive materials, they were unable to sufficiently dispose of them due to most of the crew not being familiar with cryptographic equipment.

    \"Crew

    Crew of the USS Pueblo are released by North Korea after 11 months of captivity in this Dec. 23, 1968 file photo. (National Archives of Korea)

    The cryptographic technicians onboard were subject to intense interrogation by the North, although the damage report concluded that the North Koreans would have eventually understood everything without their information.

    In addition, the incident handed a material for propaganda for the belligerent North Koreans, who seem determined to ensure that no one would forget the moment of its scarce victory against the Americans. Last month, Rodong Sinmun published by the North’s Workers’ Party of Korea celebrated the 55th anniversary of the USS Pueblo’s abduction, bumptiously stating that North Korea will “obliterate the territory of its enemies upon invaders.”

    As the 1950-53 Korean War never officially concluded with a peace treaty, the US and North Korea remain at odds.

    On Monday, the US called on the UN Security Council to act against North Korea’s recent missile provocations. The attempt yielded no result due to the opposition of two veto-wielding members, China and Russia.

    Between the North’s nuclear programs, ballistic missiles, exchange of tough words and intermittent efforts on the part of Seoul and Washington to bring the communist state to the negotiation table to relieve tensions on the peninsula, relations between the US and North Korea have had their ups and downs.

    But rarely has it gone as far south as that fateful night on Jan. 23, 1968, and the rusting prisoner docked in the North Korean capital is a testament to the tumultuous and complicated relationship between Washington and Pyongyang.

    By Yoon Min-sik (minsikyoon@heraldcorp.com)





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  • SM announces IP monetization strategy

    SM Entertainment on Tuesday announced its intellectual property monetization strategy, a business it sees as a core growth area and the first part of the company’s ambitious SM 3.0 business project to be unveiled.

    Under the plan, the K-pop powerhouse targets at reaching 1.2 trillion won ($926 million) in revenue with an operating margin of 35 percent by 2025. This would be a 134 percent growth in sales compared to the 512.1 billion won in preliminary sales last year.

    SM plans to achieve such goal by branching beyond its primary IP business — the main revenue driver in entertainment — such as albums, digital music, concerts and artist management, to the secondary IP business, which refers to merchandise, IP licensing, fan platforms and video content business.

    SM Entertainment Chief Financial Officer Jang Cheol-hyuk said the primary IP business was the \”driving force\” behind the 30 percent growth rate per annum during the past three years.

    “Based on SM\’s such unique identity and competitiveness, we want to take another leap forward in the age of SM 3.0,” Jang said in a video on SM\’s official Youtube channel.

    The SM 3.0 project involves establishing five different production centers and independent music labels to diversify production.

    SM will first terminate business contracts with Like Planning, a production company wholly owned by SM founder Lee Soo-man, and internalize merchandise production and distribution, and the concert planning business that used to be handled by contract companies such as Dream Maker, to increase operating profit by 6 percent.

    In regard to the primary IP business, SM has aimed at hitting an average annual sales growth rate of 26 percent by 2025. The plans include launching artist IPs at least twice a year, releasing at least 40 physical albums to sell 27 million copies a year, and holding at least 400 concerts annually.

    “The merchandise and IP sales from the secondary IP business, which stands at 120 billion won, will be increased to 170 billion won by 2023, and 300 billion won by 2025. Secondary IP, which has much higher profitability compared to primary IP will become the core growth platform for SM 3.0,\” Jang said.

    To achieve that, SM plans to create a character IP for each of its artists, create webtoons, web novels and videos, expand IP licensing through agreements with global licensing partners, and expand IP distribution by establishing dedicated organizations in key regions such as the US, Europe and Japan.

    SM will also establish an integrated fan platform directly managed and operated by SM, and monetize video content to achieve 150 billion won in sales by 2025.

    “The new IP monetization strategy for SM 3.0, including the resolution of the issues in SM 2.0 described today, is a powerful growth engine for SM,\” Jang said, adding that it hopes to become an \”unrivaled leader in the K-pop industry in all aspects.\”

    \”The entire management and employees of SM, including myself, will do our best to keep the promise of meeting target results with our shareholders,” he said.

    The first outline of SM\’s ambitious road map follows a management right feud between two parties, SM and Kakao on one side and SM founder Lee Soo-man, now the largest SM shareholder Hybe, on the other.

    Earlier this month, Hybe signed a deal with Lee to buy his 14.8 percent stake in SM for 422.8 billion won, making Hybe the largest shareholder.

    Hybe is also attempting to buy off minority shareholders’ shares via a tender offer to acquire 40 percent of SM’s total shares for which it will be injecting more than 1 trillion won.

    SM has since sought to lobby shareholders to make their decision after looking into the overall strategy of SM 3.0, which the company will continue to share before Hybe’s tender offer application deadline on March 1.

    By Hong Yoo (yoohong@heraldcorp.com)





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  • S.Korea, UAE defense chiefs agree to expand joint weapons development

    \"South

    South Korean Defense Minister Lee Jong-sup (L) speaks to his UAE counterpart, Mohammed Al Bowardi, during a visit to the latter`s ministry in Abu Dhabi, the United Arab Emirates, on Feb. 21, 2023. (South Korea`s Ministry of National Defense)

    The defense chiefs of South Korea and the United Arab Emirates on Tuesday agreed to expand joint development and production of weapons, the South Korean Defense Ministry said on Wednesday.

    South Korean Defense Minister Lee Jong-sup and his Emirati counterpart Mohammed Ahmed Al Bowardi discussed defense and arms industry cooperation among other pending issues at in-person talks in Abu Dhabi, according to a statement by South Korea’s Defense Ministry.

    The bilateral defense ministerial meeting comes a month after President Yoon Suk Yeol’s state visit to the UAE for a summit with Emirati leader Sheikh Mohammed bin Zayed Al Nahyan in January.

    The two defense chiefs discussed concrete ways to implement the agreements made in January between Yoon and the Emirati leader.

    They agreed to explore ways to expand bilateral cooperation in jointly developing and producing weapons based on the memorandums of understanding on strategic defense industry cooperation and on the joint development of multirole cargo aircraft signed in January.

    Both sides agreed on cooperation in the fields of joint investment, research and technological development, according to Seoul’s Defense Ministry.

    In particular, they committed to identifying requirements for new weapons systems that can be jointly developed and produced as potential areas for joint research, the ministry added.

    Lee and Al Bowardi also agreed to strengthen military cooperation in the fields of cybersecurity, space and realistic training exercises conducted with cutting-edge simulation combat systems. However, it did not provide further details.

    In the past, South Korea and the UAE have promoted exchanges and cooperation in defense, including staging combined military exercises.

    The UAE is notably the only foreign country where South Korea has dispatched an overseas unit for the purpose of military cooperation.

    The Akh unit, which Lee visited on Sunday, has been carrying out various missions including providing education and training for the Emirati special forces and conducting combined exercises with the Emirati special forces in Abu Dhabi since its establishment in 2011.

    During the meeting, Al Bowardi reportedly said the Akh unit, which is a symbol of defense cooperation between the two countries, has been instrumental in strengthening the combat capabilities of the Emirati armed forces. Akh means “brother” in Arabic.

    After the meeting, Lee also visited Emirati troops operating South Korean-made M-SAM II surface-to-air missiles, also called “Cheongung II,” in Abu Dhabi on Tuesday.

    In January last year, South Korea exported the M-SAM II — which can defend military and industrial facilities against enemy air attacks — to the UAE. The UAE also clandestinely purchased Chunmoo multiple rocket launchers from South Korea.

    Lee attended the International Defense Exhibition & Conference, the largest and only arms and defense technology trade show in the Middle East and North Africa, along with around 30 South Korean defense contractors including LIG Nex1, Hanwha Corp. and Hyundai Rotem at the invitation of the UAE.

    Sheikh Mohammed also attended the defense exhibition, and met Hanwha Systems CEO Eoh Sung-chul on Tuesday, according to a pool report by the press corps of the South Korean Defense Ministry.

    After the meeting, Eoh said Sheikh Mohammed showed his interest in the long-range surface-to-air missile (L-SAM) interception system which South Korea has been developing with the aim of completion in 2024. The L-SAM has been designed to shoot down hostile missiles at higher altitudes than the Cheongung II and altitudes of 50 to 60 kilometers.

    By Ji Da-gyum (dagyumji@heraldcorp.com)





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  • Defense chiefs of S. Korea, UAE discuss cooperation in arms industry, cybersecurity

    \"جنوبی

    جنوبی کوریا کے وزیر دفاع لی جونگ سوپ (دائیں طرف) اور ان کے متحدہ عرب امارات کے ہم منصب، محمد احمد البواردی، منگل کو ابوظہبی میں متحدہ عرب امارات کی وزارت دفاع میں اپنی بات چیت سے قبل ایک اعزازی گارڈ کا معائنہ کر رہے ہیں، لی کے دفتر سے جاری کردہ اس تصویر میں۔ (یونہاپ)

    سیول کی وزارت دفاع نے بدھ کو بتایا کہ جنوبی کوریا اور متحدہ عرب امارات کے دفاعی سربراہان نے ابوظہبی میں ہتھیاروں کی صنعت، سائبر سیکیورٹی اور دیگر شعبوں میں دوطرفہ تعاون پر بات چیت کی ہے۔

    منگل کو ہونے والی بات چیت کے دوران، وزیر دفاع لی جونگ سوپ اور ان کے متحدہ عرب امارات کے ہم منصب، محمد احمد البواردی نے دونوں ممالک کے اسٹریٹجک دفاعی صنعت میں تعاون اور ایک کثیر الٹرول ٹرانسپورٹ طیاروں کی ترقی کے بارے میں مفاہمت کی حالیہ یادداشتوں کو نوٹ کیا جس میں ایک \”عظیم\” سنگ میل ہے۔ ان کا تعاون.

    دونوں انتظامات پر گزشتہ ماہ اس وقت دستخط ہوئے جب صدر یون سک یول نے متحدہ عرب امارات کے صدر محمد بن زید النہیان کے ساتھ سربراہی اجلاس کے لیے ابوظہبی کا دورہ کیا۔

    وزارت کے مطابق، ان انتظامات کی بنیاد پر، لی اور متحدہ عرب امارات کے دفاعی سربراہ نے \”مشترکہ سرمایہ کاری، تحقیق اور ٹیکنالوجی کی ترقی\” میں نئے تعاون کے لیے مختلف آپشنز تلاش کرنے پر اتفاق کیا۔

    خاص طور پر، انہوں نے ہتھیاروں کے نظام کی نشاندہی کرنے کے لیے مل کر کام کرنے پر اتفاق کیا، جو مشترکہ طور پر تیار اور تیار کیے جاسکتے ہیں، اور مشترکہ تحقیق کے لیے ممکنہ علاقوں کو تلاش کریں۔

    دونوں فریقوں نے سائبر اور اسپیس ڈومینز، اور سائنس پر مبنی تربیتی پروگراموں میں تعاون کو مضبوط بنانے پر بھی اتفاق کیا، جبکہ خصوصی جنگی تربیت، عوام سے عوام کے تبادلے اور دیگر شعبوں میں تعاون کے لیے اپنے جاری دباؤ کا \”انتہائی\” جائزہ لیا۔

    البواردی نے متحدہ عرب امارات میں جنوبی کوریا کے فوجی دستے کو، جسے Akh یونٹ کے نام سے جانا جاتا ہے، کو دو طرفہ تعاون کا ایک \”علامت\” قرار دیا، اور کہا کہ اس یونٹ نے UAE کی فوج کی جنگی صلاحیتوں کو تقویت دینے میں \”بڑا\” کردار ادا کیا ہے، وزارت کے مطابق۔

    2011 میں شروع کیا گیا، Akh یونٹ ملک میں مختلف مشنز انجام دے رہا ہے، جس میں متحدہ عرب امارات کے فوجیوں کی تربیت اور ہنگامی صورت حال کی صورت میں خطے میں کوریائی شہریوں کی حفاظت شامل ہے۔ اخ کا مطلب عربی میں بھائی ہے۔

    لی نے بات چیت کا استعمال شمالی کوریا کے جوہری اور میزائل خطرات کو روکنے اور جزیرہ نما کوریا میں امن کو فروغ دینے کے لیے سیول کی کوششوں کی وضاحت کے لیے کیا، اور کوششوں کے لیے متحدہ عرب امارات کی حمایت کا مطالبہ کیا۔

    وزارت کے مطابق، بات چیت کے بعد، لی نے ابوظہبی میں متحدہ عرب امارات کے ایک فوجی یونٹ کا دورہ کیا جو جنوبی کوریا کے ساختہ Cheongung II مڈرنج سطح سے ہوا میں مار کرنے والے میزائل سسٹم کو چلاتا ہے، اور وہاں موجود فوجیوں کی حوصلہ افزائی کی، وزارت کے مطابق۔ (یونہاپ)





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