Articles by Yonhap
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PM says S. Korea will not tolerate any N. Korean provocations
South Korea will not tolerate any provocations from North Korea, Prime Minister Han Duck-soo said Saturday, as the country marked the 71st anniversary of the signing of the armistice that ended the 1950-53 Korean War. Han made the remark during a ceremony in Seoul commemorating the sacrifices made by U.N. forces that supported South Korea during the three-year conflict, which began with North Korean aggression and ended without a peace treaty. "Through overwhelming strength and solidarity w
Foreign Affairs July 27, 2024
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Military vetting info leak of agents spying on N. Korea
The military is conducting an investigation into a leak of personal information of agents assigned to an intelligence unit tasked with spying on North Korea, sources said Saturday. The Korea Defense Intelligence Command discovered about a month earlier that classified information, including personal data of its agents stationed overseas, had been leaked, prompting an investigation by the Defense Counterintelligence Command. The leaked information is said to have included those on official cove
Defense July 27, 2024
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About 11 pct of med students register for 2025 state licensing exam
About 11 percent of medical students have registered for next year's state licensing examination amid a prolonged walkout by trainee doctors over medical reform plans. According to the health ministry Saturday, 364 out of some 3,200 medical students eligible for the licensing examination registered before the deadline. Many medical students have been collectively boycotting classes in protest against the government's increase of the nationwide medical school quota by some 1,500 seats f
Social Affairs July 27, 2024
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S. Korea demands meeting with IOC chief over opening ceremony gaffe
The South Korean sports ministry said Saturday it is seeking a meeting with International Olympic Committee President Thomas Bach over a gaffe during the opening ceremony for the Paris Olympics in which South Korea was incorrectly introduced as North Korea during the parade of athletes. In a statement, the ministry said Jang Mi-ran, the second vice minister of sports who attended the ceremony in the French capital Friday, has asked the IOC to arrange a meeting with Bach over the incident, and
Foreign Affairs July 27, 2024
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N. Korean leader says 'kindred' ties with China to be 'firmly' carried forward
North Korean leader Kim Jong-un has said "kindred" relations with China will be "firmly" carried forward as he visited a monument symbolizing bilateral ties, state media reported Saturday, amid suspected signs of strain between the traditionally friendly countries. On Friday, Kim visited the Friendship Tower in Pyongyang, which was erected to commemorate China's participation in the 1950-53 Korean War, and paid tribute to fallen Chinese soldiers during the war, a day ahe
North Korea July 27, 2024
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Retail investors pay huge chunk of stock transaction tax in 2023
Retail investors paid 4.57 trillion won ($3.29 billion) in stock transaction tax last year, accounting for 75 percent of the total, industry data showed Saturday. The government collected around 6.06 trillion won in stock transaction tax last year, and foreign investors paid nearly 1 trillion won in the tax last year, according to the Korea Securities Depository on Saturday. The data came as the government is seeking to scrap a capital gains tax on financial investments while cutting the tax o
Market July 27, 2024
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'Games Wide Open': 33rd Summer Olympic Games kick off in Paris
PARIS -- The first Summer Olympic Games in Paris in 100 years kicked off Friday with a one-of-a-kind opening ceremony held on the city's main artery celebrating the cultural diversity of France, a marathon of a show that pushed the boundaries of what is possible in Olympic ceremonies. Some 6,800 athletes from 205 national delegations, including the Refugee Olympic team, marked the start of the 17-day competition by riding boats equipped with cameras on a 6-kilometer floating parade on the
More Sports July 27, 2024
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Parliament passes broadcasting bill, ruling party lawmakers exit in protest
The opposition-controlled National Assembly passed one of the four contentious broadcasting bills aimed at reducing the government's influence over public broadcasters Friday, with lawmakers of the ruling party leaving in protest. The passage followed the main opposition Democratic Party ending the ruling People Power Party's filibuster during a plenary session after 24 hours. The bill was then put to a vote and passed in a 183-0 vote, in which only lawmakers from opposition pa
Politics July 26, 2024
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2 YouTubers in 'mukbang' star blackmail case arrested
A local court on Friday issued arrest warrants for two YouTubers accused of blackmailing and extorting "mukbang" YouTube star Tzuyang. The Suwon District Court issued the warrants after questioning Lee Jun-hee and Jeon Kuk-jin, known by their YouTube channel names, Gujeyeok and Jujakgambeolsa, respectively, on charges of blackmail, threats and extortion against Tzuyang. The court cited the gravity of their charges, as well as concerns over secondary victimization of the YouTube s
Social Affairs July 26, 2024
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Seoul shares snap 2-day fall on large cap gains
South Korean shares closed sharply higher Friday, ending a two-day losing streak on large cap gains led by financial firms and shipbuilding companies. The local currency fell slightly against the US dollar. The benchmark Korea Composite Stock Price Index added 21.25 points, or 0.78 percent, to close at 2,731.90. Trading volume was moderate at 504.7 million shares worth 12.8 trillion won ($9.24 billion), with gainers outnumbering losers 594 to 288. Institutions purchased a net 394 billion won wor
Market July 26, 2024
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Acting chief of broadcasting regulator resigns ahead of impeachment vote
Lee Sang-in, acting chief of South Korea's state broadcasting regulator, voluntarily stepped down Friday ahead of the National Assembly's planned vote on his impeachment motion. The main opposition Democratic Party, which has the majority of seats in the National Assembly, tabled a motion to impeach Lee, apparently aimed at blocking the Korea Communications Commission from taking control of public broadcaster MBC. President Yoon Suk Yeol accepted Lee's resignation offer, his offic
Politics July 26, 2024
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2-time gold medalist Kim Woo-jin wins men's archery ranking round
Two-time Olympic champion Kim Woo-jin finished first in the men's individual archery ranking round of the Paris Olympics on Thursday. Kim scored 686 points out of a maximum 720 points at Les Invalides in the French capital to grab the top seed for the individual tournament, which begins Tuesday with the round of 64. The 32-year-old won gold medals in the men's team event at each of the past two Olympics but he has never won an individual medal. As the top male performer for South Korea
More Sports July 26, 2024
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Seoul shares open higher on Wall Street gains
South Korean shares opened higher Friday, tracking overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index added 17.01 points, or 0.63 percent, to 2,727.66 in the first 15 minutes of trading. The KOSPI had dropped for two consecutive sessions following reports of poorer-than-expected second-quarter performances by major US tech firms. The Dow Jones Industrial Average advanced 0.2 percent Thursday, ending a two-day losing streak on reports that the US economy grew at a fas
Market July 26, 2024
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Korean stocks dip nearly 2% on tech, auto losses
South Korean shares dipped by nearly 2 percent Thursday as tech and auto stocks crashed following an overnight drop on Wall Street. The local currency fell slightly against the US dollar. The benchmark Korea Composite Stock Price Index lost 48.06 points, or 1.74 percent, to close at 2,710.65. Trading volume was heavy at 433 million shares worth 13.4 trillion won ($9.67 billion) with losers outnumbering gainers 728 to 160. Foreigners remained net sellers for a second straight session, dumping a n
Market July 25, 2024
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District prosecution chief briefed on first lady's questioning before report to prosecutor general 3hrs later
The chief of the Seoul Central District Prosecutors Office was briefed on last week's questioning of first lady Kim Keon Hee more than three hours before he reported it to Prosecutor General Lee One-seok, sources said Thursday. The revelation came after the top prosecutor expressed frustrations that he had been in the dark about Saturday's questioning of Kim over a luxury bag scandal for some 10 hours, and ordered an inspection into what happened. The inspection is expected to focus on
Social Affairs July 25, 2024
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