Articles by Yonhap
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Seoul shares to trend lower next week on US-China trade deal uncertainties
South Korean stocks are expected to remain weak next week as the United States and China struggle to reach a deal on their yearlong trade dispute and escalating unrest in Hong Kong poses yet another risk to the local stock market, analysts said Saturday.The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,101.96 points on Friday, down 2.7 percent from last week. Earlier this week, South Korean stocks closed lower as investors remained cautious over mixed signals regarding a potent
Market Nov. 23, 2019
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[Newsmaker] 2019 MAMA takes blow from police probe over Mnet survival show
The upcoming 2019 Mnet Asian Music Awards are taking another heavy blow as an ongoing police probe over the music channel's idol survival shows is eating into its lineup.Earlier this week, police took into custody the director and chief producer of Mnet's high-profile audition show, "Produce 101," on charges that they fixed the final vote result of the show's latest fourth season.The police said they have also booked at least one ranking official at the channel's operator and entertain
Social Affairs Nov. 23, 2019
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N. Korea, Russia discuss intensifying 'strategic communications'
North Korean First Vice Foreign Minister Choe Son-hui, considered a key nuclear strategist of leader Kim Jong-un, has met with a senior Russian diplomat and discussed the need for "strategic communications and cooperation" between the two countries, the North's state media said Saturday.Choe met with Russian Vice Foreign Minister Igor Morgulov in Moscow on Friday and exchanged views on the situation on the Korean Peninsula and in the region, according to the Korean Central News Agency.
North Korea Nov. 23, 2019
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Ruling, main opposition parties welcome gov't's decision to postpone GSOMIA termination
The ruling and the main opposition parties both welcomed the government's decision Friday to conditionally suspend the expiry of a military intelligence-sharing pact with Japan.South Korea's announcement came six hours before the expiration of the General Security of Military Information Agreement (GSOMIA) at midnight, amid deteriorating ties between Seoul and Tokyo over a trade spat. The decision could also be a relief to the United States, which had pleaded with its two Asian allies not to let
Politics Nov. 22, 2019
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Senior NK official says US should take responsibility if chance of diplomacy disappears
MOSCOW -- A senior North Korean official said Friday that the US should take responsibility if the chance of diplomacy on the Korean Peninsula disappears due to a lack of action by Washington.First Vice Foreign Minister Choe Son-hui made the remarks after meeting with Russia's Deputy Foreign Minister Igor Morgulov in Moscow. She was in Moscow for their strategic cooperation on regional and international matters."If the United States does not take corresponding steps so that the chance of di
North Korea Nov. 22, 2019
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Football legend Cha receives German order of merit
South Korean football legend Cha Bum-kun received the Federal Cross of Merit from the German government Friday for his contribution to the relationship between the two countries. German Ambassador to Seoul Stephan Auer delivered the decoration from President Frank-Walter Steinmeier in a ceremony at the German Embassy in Seoul. Cha played in the Bundesliga in Germany from 1978 to 1989. Scoring 98 goals in 308 matches, he was rated as one of the best Asian players in the top German league.He
Soccer Nov. 22, 2019
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OECD cuts growth outlook for S. Korea to 2 percent
The Organization for Economic Cooperation and Development (OECD) on Thursday slashed its growth outlook for South Korea's economy this year to 2 percent amid a slowdown in global trade.The OECD's outlook represented a drop from its previous forecast of 2.1 percent in September. It said the South Korean economy would grow 2.3 percent in 2020, unchanged from its previous forecast."Economic growth will remain subdued, as the global slowdown and trade tensions hold back exports, while high unce
Economy Nov. 21, 2019
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Moon wished for NK leader's participation in ASEAN summit to create int'l support for peace: Cheong Wa Dae
The office of President Moon Jae-in expressed regret Thursday that North Korea rejected an invitation for leader Kim Jong-un to visit South Korea for the upcoming summit with Southeast Asian nations, saying Moon wants a joint opportunity to drum up international support for the Korea peace process. Cheong Wa Dae was responding to Pyongyang's statement hours earlier that Kim has decided to not to attend the Busan event scheduled for next week. Moon sent a letter to Kim on Nov. 5 to thank him fo
Politics Nov. 21, 2019
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Local PEF chosen as preferred bidder to buy SKC Kolon PI
A local private equity fund was selected the preferred bidder on Thursday to acquire a controlling stake in SKC Kolon PI Inc., a joint venture between South Korea's SKC Co. and Kolon Industries Inc. that makes polyimide (PI) film. SKC and Kolon Industries said they've selected Glenwood PE as the preferred bidder to acquire their 54.06 percent stake in SKC Kolon PI. SKC and Kolon Industries each hold a 27.03 percent stake in the PI maker. Industry insiders speculate that the deal is worth ar
Industry Nov. 21, 2019
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Esper: Unaware of any plans to withdraw troops from S. Korea
US Secretary of Defense Mark Esper said Thursday he has not heard of any plans to withdraw some American troops from South Korea unless Seoul sharply raises its share of the cost of US troop presence, according to Reuters.Esper made the remarks during a trip to Vietnam when asked about reports by a South Korean daily, Chosun Ilbo, that the US is considering bringing a brigade home from the South should Seoul refuse to accept a fivefold increase, or around US$5 billion per year, in the upkeep of
Defense Nov. 21, 2019
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"꿈속에서 동생 만나"…경찰 도움으로 70년 만에 재회한 두 형제
80대 남성이 경찰 도움을 받아 약 70년 만에 헤어진 남동생을 만났다.21일 경남 김해서부경찰서에 따르면 지난 1일 A(48)씨가 아버지 B(81)씨와 함께 관내 한림파출소를 찾아왔다A씨는 "아버지가 약 70년 전에 헤어진 남동생을 보고 싶어하는데 단서가 한림면 출신이라는 게 전부"라며 도움을 요청했다.이에 경찰은 파출소에서 보관 중이던 주변 40여개 마을 주민 전화번호를 모두 확인해 동생 이름을 가진 C(76)씨를 찾았다.마을 이장을 통해 C씨에게 연락해보니 B씨 동생이 맞고 '오랫동안 연락이 끊겨 너무 보고 싶다'는 말을 들었다. 당시 C씨는 노환에 혈관질환까지 겹쳐 부산 한 병원 중환자실에 입원 중이었다.B씨는 한달음에 중환자실로 달려가 동생과 약 70년 만에 극적으로 재회했다.그러나 동생 몸 상태가 좋지 않아 둘은 짧게 안부만 주고받은 뒤 훗날을 기약한 채 헤어졌다.B씨는 동생을 만나자 안타까운 마음과 기쁜 마음이 뒤섞여 오열한 것으로 알려졌다.B씨는 유년
한국어판 Nov. 21, 2019
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히틀러 모자, 6천500만원에 낙찰…"나치범죄 경시" 비판
독일 뮌헨에서 열린 나치의 기념품 경매에서 아돌프 히틀러의 모자 등 나치 지도부의 물품이 고가에 낙찰됐다고 AFP통신이 20일(현지시간) 전했다.경매업체 헤르만 히스토리카의 웹사이트에 따르면 이날 경매에서 나치 독일을 이끈 히틀러의 실크해트(남성 정장모자)가 5만유로(약 6천500만원)에 낙찰됐다.히틀러의 '연인'으로 알려진 에바 브라운의 의류도 1점당 수천 유로에 팔렸다.경매에서 한 구매자는 나치 상징 '스와스티카'와 독수리 디자인과 은박으로 장식된 히틀러의 저서 '나의 투쟁'을 13만유로(약 1억6천900만원)에 구입했다. 이 물품은 '나치 정권의 2인자'로 불렸던 헤르만 괴링이 한때 소유했던 것이다.'나의 투쟁'은 나치 정책의 근간이 된 유대인 증오 등 인종차별적 내용을 담고 있으며 히틀러 집권 당시 나치당원의 필독서로 통했다.이밖에 나치의 친위대장이었던 하인리히 히믈러, 히틀러의 측근이었던 루돌프 헤스 등 제2차 세계대전 당시 악명 높았던 인사의 의류와 개인물품도 경매 목록에
한국어판 Nov. 21, 2019
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N. Korea says leader Kim will not attend upcoming ASEAN summit in South Korea
North Korean leader Kim Jong-un will not attend a special summit that South Korea will host for Southeast Asian leaders next week, turning down President Moon Jae-in's invitation to the event, Pyongyang's state media said Thursday. Moon sent a personal letter on Nov. 5 to invite Kim to the South Korea-ASEAN special summit slated for next Monday and Tuesday in the southeastern port city of Busan, but North Korea could not find any reason for its leader to travel for the event, according to the Ko
North Korea Nov. 21, 2019
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US committed to maintaining current level of troops in S. Korea: defense ministry
The United States reaffirmed its commitment to maintain the current level of US troops in South Korea during last week's annual defense ministers' meeting, the defense ministry here said Thursday. It was the ministry's response to some media reports that the US is considering bringing a brigade home from the South should Seoul refuse to accept a fivefold increase, or around $5 billion per year, in the upkeep of the US Forces Korea. Negotiations are under way between the allies t
Defense Nov. 21, 2019
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Biegun says no country gets 'free ride' on shared defense burdens
WASHINGTON -- US Special Representative for North Korea Stephen Biegun said Wednesday that South Korea is an important US ally but no country gets a "free ride" on shared defense burdens.Biegun, who has been nominated as deputy secretary of state, appeared to underscore Washington's position in ongoing negotiations with Seoul over sharing the costs for the upkeep of 28,500 American troops stationed in South Korea. The latest round of talks was cut short this week after Seoul apparently
Foreign Affairs Nov. 21, 2019
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