Articles by Yonhap
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Yoon calls for US lawmakers' support for S. Korean firms
President Yoon Suk Yeol on Friday called on a group of US lawmakers to support South Korean companies operating in the world's largest economy, the presidential office said. Yoon made the request to the visiting US delegation in Seoul while discussing measures to strengthen bilateral ties in a wide range of areas from security, economy and technology to culture and space, according to his office. "Active investment and economic cooperation between South Korea and the United States have
Politics March 29, 2024
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N. Korea's FM reaffirms unwillingness to talk with Japan over abduction issue
The North Korean foreign minister on Friday reaffirmed Pyongyang's stance that it does not have any intention to hold talks with Japan on the abduction issue, a day after Japanese Prime Minister Fumio Kishida voiced willingness to push for a summit with the North. Choe Son-hui made the remarks in a statement released by the North's official Korean Central News Agency, saying the issue "cannot be settled and has nothing to be solved." "The DPRK has nothing to solve as reg
North Korea March 29, 2024
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Yoon approves resignation of ambassador to Australia amid controversy over his appointment
President Yoon Suk Yeol on Friday approved the resignation of Ambassador to Australia Lee Jong-sup amid mounting criticism of his appointment and departure that came despite the fact that he was subject to an investigation. Lee offered his resignation earlier Friday, 25 days after he was appointed to the position, as he has been under intense scrutiny since he was named the ambassador in Canberra early this month, after revelations that he had been banned from leaving the country over the invest
Politics March 29, 2024
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Spy cameras found at 26 early voting stations nationwide: interior ministry
The interior ministry said Friday it has inspected all early voting stations across the country ahead of the April 10 parliamentary elections and found spy cameras at 26 facilities as of 6 p.m. The inspection took place a day after police detained a YouTuber in his 40s on suspicions of installing spy cameras at early voting polling stations in two cities -- Incheon and Yangsan --, where early voting will take place. Police said they have found spy cameras at five stations in Incheon, west of Seo
Politics March 29, 2024
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Seoul shares end almost flat ahead of key US inflation report
South Korean stocks finished nearly unchanged Friday as investors took a wait-and-see stance ahead of a key US inflation report that would set the tone for the Federal Reserve's rate-setting decision. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index added 0.81 point, or 0.03 percent, to close at 2,746.63. Trade volume was moderate at 485.5 million shares worth 11 trillion won ($8.17 billion), with losers beating winners 603 to 270. Foreign inves
Market March 29, 2024
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Govt. vows not to backtrack increased medical school admission quotas despite doctors' walkout
The government's ongoing push for medical reform is for the people, and it cannot be subject to negotiations, the health ministry said Friday, effectively rejecting the medical community's call for modifying the state plan to markedly raise medical school enrollment quota. More than 90 percent of the country's 13,000 trainee doctors have been on strike in the form of mass resignations since Feb. 20 to protest the government's decision to increase the medical school enrollment
Social Affairs March 29, 2024
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MLB debut a dream-come-true moment for Giants outfielder Lee Jung-hoo
After collecting his first major league hit and RBI in his very first game Thursday, San Francisco Giants outfielder Lee Jung-hoo said his dream has become reality. "I am happy to have played my first game. I've been dreaming of this moment," Lee told Yonhap News Agency in the visiting clubhouse at Petco Park in San Diego, where the Giants lost to the home team Padres 6-4. Lee went 1-for-3 with an RBI from a sacrifice fly in the top of the seventh. "I don't have any regr
Baseball March 29, 2024
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Industrial output rises for 4th month; retail sales fall in February
South Korea's industrial output rose for the fourth consecutive month in February on the back of increasing semiconductor production, but retail sales fell amid high inflation, data showed Friday. Industrial output increased 1.3 percent on-month last month, following a 0.4 percent rise the previous month, according to the data compiled by Statistics Korea. Industrial production has been on a constant increase since December. Last month's growth came as the output in the overall mining
Economy March 29, 2024
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Seoul shares start nearly flat ahead of US inflation data
South Korean stocks opened almost unchanged Friday ahead of a key inflation report from the United States. The benchmark Korea Composite Stock Price Index added 0.13 point to 2,745.95 in the first 15 minutes of trading. US stocks finished mixed Thursday, as the Dow Jones Industrial Average edged up 0.12 percent and the Nasdaq composite lost 0.12 percent. US core personal consumption expenditures price index data, the Fed's preferred gauge of inflation, is slated for Friday. In Seoul, market
Market March 29, 2024
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UNSC fails to extend mandate of expert panel monitoring NK sanctions enforcement
A divided UN Security Council failed Thursday to extend the mandate of the expert panel charged with monitoring the enforcement of sanctions against North Korea, in an unprecedented move likely to undermine global efforts to curb Pyongyang's nuclear and missile threats. The council failed to adopt a new resolution meant to extend the mandate of the Panel of Experts by another year as Russia vetoed it amid its call for an annual extension of UNSC sanctions against Pyongyang. The panel's mandate i
North Korea March 29, 2024
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Yellow dust advisories issued for parts of S. Korea
The environment ministry said Thursday it has issued yellow dust advisories for parts of the country, including the greater Seoul area, as fine dust caused by sandstorms is expected to blanket the country. The ministry said the advisories have been issued at the "attention" level, the lowest in its four-notch warning system, for the Seoul metropolitan area and Gangwon, South Chungcheong and North Gyeongsang provinces as of 5 p.m. The national weather agency said yellow dust has been de
Social Affairs March 28, 2024
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BTS' Suga begins boot camp training as social service agent
Suga of the K-pop sensation BTS began receiving basic military training at a boot camp in a central region Thursday as part of his ongoing alternative service, according to the group's agency. The rapper, whose original Korean name is Min Yoon-gi, has been serving as a social service agent since September, an alternative form of military service in South Korea. Suga entered the Army training camp in Nonsan, located 152 kilometers south of Seoul, BigHit Music said, adding that the move is in
K-pop March 28, 2024
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Seoul shares down for 2nd day ahead of US inflation data
South Korean stocks ended slightly lower Thursday ahead of the release of a key US inflation report due later this week and on remarks by a Fed official that more data are necessary to cut rates. The local currency gained against the US dollar. The benchmark Korea Composite Stock Price Index lost 9.29 points, or 0.34 percent, to close at 2,745.82. Trade volume was moderate at 412.5 million shares worth 11.7 trillion won ($8.69 billion), with losers beating winners 561 to 290. Institutions remain
Market March 28, 2024
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Russia's foreign intelligence chief visits N. Korea this week
Russia's foreign intelligence chief visited North Korea earlier this week to discuss ways to bolster cooperation in responding to spying and plotting activities by hostile forces, Pyongyang's state media reported Thursday. Sergei E. Naryshkin, director of the External Intelligence Bureau, visited Pyongyang between Monday and Wednesday, according to the Korean Central News Agency. Naryshkin met with Ri Chang-dae, the North's state security minister, and working-level talks were als
North Korea March 28, 2024
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Seoul shares start lower despite US gains
South Korean stocks opened a tad lower Thursday despite gains on Wall Street. The benchmark Korea Composite Stock Price Index lost 1.98 points, or 0.07 percent, to 2,753.13 in the first 15 minutes of trading. US stocks finished higher to end their three-day losing streak on Wednesday. The Dow Jones Industrial Average jumped 1.2 percent, and the Nasdaq composite gained 0.5 percent. In Seoul, large-cap shares led the bearish start. Leading battery maker LG Energy Solution dropped 1.1 percent, and
Market March 28, 2024
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