Articles by Yonhap
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S. Korea, US, Japan discuss supply chains, AI at economic dialogue
National security officials of South Korea, the United States and Japan discussed efforts to boost cooperation in supply chains, emerging technologies and digital areas in a regular dialogue session, the presidential office said Wednesday. The third session of the economic dialogue took place in South Korea's southeastern port city of Busan earlier in the day, led by Wang Yun-jong, presidential secretary for economic security and his respective US and Japanese counterparts -- Tarun Chhabra
Politics March 13, 2024
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Blinken to visit S. Korea next week for democracy summit
US Secretary of State Antony Blinken will visit South Korea next week to attend a session of the Summit for Democracy, a US-led multination gathering formed to boost solidarity and shared values among democratic countries. Blinken is expected to arrive at Osan Air Base in Pyeongtaek, 60 kilometers south of Seoul, on Sunday, and take part in the ministerial segment of the forum Monday, according to people with knowledge of the matter. He will also hold bilateral talks with his South Korean counte
Foreign Affairs March 13, 2024
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Seoul shares end higher on overnight US tech rally
South Korean stocks finished higher Wednesday, tracking overnight Wall Street gains driven by megacap tech stocks. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index rose 11.76 points, or 0.44 percent, to 2,693.57. Trade volume was moderate at 491 million shares worth 10.7 trillion won ($8.14 billion), with winners beating losers 444 to 429. Foreign investors led the overall gains, buying a net 334 billion won worth of shares, while institutions and re
Market March 13, 2024
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Protesting medical students to press for schools' granting of their leave of absence requests
Medical students nationwide have resolved to request their schools grant leave of absence applications they filed in collective action protesting the government's plan to dramatically raise the medical school enrollment quota, their association said Wednesday. The Korean Medical Student Association said the decision was unanimously reached during a plenary session over the weekend. Under the resolution, members from all 40 medical schools across the country will ask their respective schools
Social Affairs March 13, 2024
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S. Korean, US defense officials visit Samsung's chip plant
South Korean and US defense officials overseeing technology policies visited Samsung Electronic Co.'s semiconductor plant this week, Seoul's defense ministry said Wednesday, amid efforts to bolster information and communication technology cooperation. Cheon Seung-hyun, head of the defense ministry's Intelligent Information Policy Bureau, and Leslie A. Beavers, the Pentagon's principal deputy chief information officer, made the visit Monday at the plant in Suwon, 30 kilometers
Defense March 13, 2024
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Seoul shares open higher on US stock gains
South Korean stocks opened slightly higher Wednesday, tracking overnight Wall Street gains driven by megacap tech stocks. The benchmark Korea Composite Stock Price Index rose 8.85 points, or 0.33 percent, to 2,690.66 in the first 15 minutes of trading. Overnight, Wall Street logged strong gains as investors shored up Nvidia, Oracle and other big tech stocks despite higher-than-expected February consumer price data. The Dow Jones Industrial Average rose 0.61 percent, and the S&P 500 gained 1.
Market March 13, 2024
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On-year job additions rise over 300,000 for 2nd month in Feb.
South Korea added more than 300,000 jobs for the second consecutive month in February led by solid job growth in the manufacturing sector amid rising exports, data showed Wednesday. The number of employed people came to 28.04 million last month, up 329,000 from a year earlier, according to the data compiled by Statistics Korea. It is the second month in a row that the number of new jobs has exceeded 300,000. In January, 380,000 jobs were added after three months of job additions below 300,000. F
Social Affairs March 13, 2024
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Jungkook becomes longest-charting K-pop soloist on Billboard Hot 100 after Psy
Jungkook of K-pop juggernaut BTS has become the longest-charting K-pop solo artist on US Billboard's Hot 100 main singles chart after Psy. According to the latest chart unveiled Tuesday, Jungkook's "Standing Next to You" stayed on the chart for 18 consecutive weeks, the second-longest run for any K-pop soloist in history, following Psy's record of 31 consecutive weeks with "Gangnam Style" in 2012. This week, the BTS vocalist ascended two spots to reach No. 85.
K-pop March 13, 2024
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Iraqi general visits S. Korea to examine KAI's Surion helicopter
A senior Iraqi Army general visited South Korea last week to look over a homegrown utility helicopter, sources said Wednesday, raising speculation over the Middle Eastern country's potential purchase of the aircraft. Lt. Gen. Samir Zaki Hussein Al-Maliki, commander of Iraq's Army Aviation Command, arrived in South Korea on March 4 for a four-day visit to meet with South Korean military and defense company officials, according to the sources from the defense industry and relevant author
Defense March 13, 2024
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Germany shares results from recent inspection of its embassy in N. Korea
A senior German official briefed a South Korean official on the outcome of his delegation's recent inspection of its embassy in North Korea, the foreign ministry said Tuesday. Earlier in the day, German State Secretary of the Federal Foreign Office Thomas Bagger also discussed bilateral ties and regional security in his talks with First Vice Foreign Minister Kim Hong-kyun in Seoul. Last month, the German delegation visited Pyongyang to inspect the site of its embassy for the first time si
Foreign Affairs March 12, 2024
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New envoy to Australia posts greetings on website amid appointment row
South Korea's new ambassador to Australia officially assumed his post with a greeting on the embassy's website Tuesday amid controversy over his alleged influence-peddling case related to the death of a young Marine last year. Lee Jong-sup, who served as defense minister from 2022 to 2023, left for Australia on Sunday, two days after the justice ministry lifted his travel ban. "Our embassy will play a role in promoting peace and stability in the region, including the denucleariz
Politics March 12, 2024
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Ryu Hyun-jin pleased with 1st KBO preseason outing, thanks fans for support
After pitching in front of home fans for the first time in over a decade, Hanwha Eagles starter Ryu Hyun-jin said Tuesday he was mostly happy with his performance. The 36-year-old left-hander pitched four innings of one-run ball against the Kia Tigers in a preseason game in the Korea Baseball Organization (KBO) at Hanwha Life Eagles Park in Daejeon, some 140 kilometers south of Seoul. It was Ryu's first official KBO game since Oct. 4, 2012. He first pitched for the Eagles from 2006 to 201
Baseball March 12, 2024
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Seoul shares close higher on tech, battery gains
South Korean stocks ended higher Tuesday as investors scooped up tech, battery and other blue chips. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index rose 21.97 points, or 0.83 percent, to 2,681.81. Trade volume was moderate at 390 million shares worth 9.45 trillion won ($7.3 billion). Losers, however, beat winners 495 to 365. Institutions led the overall gains, buying a net 508 billion won, while foreign and retail investors unloaded shares. Han Ji-
Market March 12, 2024
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Foreign ministry says providing consular assistance to S. Korean national arrested in Russia
The foreign ministry said Tuesday it has been providing consular assistance to a South Korean national arrested in Russia reportedly on espionage charges. Russia's TASS news agency reported Monday that South Korean citizen Baek Won-soon has been held in the Lefortovo detention facility in Moscow since late February, and a court extended his detention until June 15, citing a law enforcement official. Baek was arrested by Russian law enforcement earlier this year in the Russian Far East city
Foreign Affairs March 12, 2024
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Seoul shares open higher on tech, energy gains
South Korean stocks opened slightly higher Tuesday on gains in tech, energy and other blue chips. The benchmark Korea Composite Stock Price Index rose 5.99 points, or 0.23 percent, to 2,665.83 in the first 15 minutes of trading. Tech shares opened a tad higher, with No. 2 chipmaker SK hynix adding 0.12 percent and LG Electronics rising 1.15 percent. Energy and chemical shares went up, with leading refiner SK Innovation and top chemical maker LG Chem climbing 1.69 percent and 2.75 percent, respec
Market March 12, 2024
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