Articles by Yonhap
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10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
South Korea fell to Indonesia 11-10 on penalties to be eliminated from the Olympic men's football qualifiers in Qatar on Thursday, unable to grab a ticket to Paris after losing their best scorer and head coach in the second half. Indonesia's 12th kicker Pratama Arhan scored after Lee Kang-hee was denied by Ernando Ari in the nailbiting shootout in the quarterfinals of the Asian Football Confederation U-23 Asian Cup at Abdullah bin Khalifa Stadium in Doha. This tournament doubles as the
Soccer April 26, 2024
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Aides fail to coordinate agenda for Yoon-Lee meeting
Aides to President Yoon Suk Yeol and opposition leader Lee Jae-myung held their second meeting Thursday to coordinate the agenda for what would be the first-ever meeting between Yoon and Lee, but failed to reach an agreement, both sides said. Yoon proposed the meeting in a phone call with Lee last Friday, after the ruling People Power Party was routed in the April 10 parliamentary elections, leaving the National Assembly under the control of Lee's Democratic Party (DP). Thursday's prep
Politics April 25, 2024
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Overdue wages for migrant workers average 6.63 mln won: survey
Overdue wages for migrant workers averaged 6.63 million won ($4,825), a survey conducted by the state human rights watchdog showed Thursday. The survey, which was conducted on 379 migrant workers who are currently working in the country or have worked here for over a year, also showed the average number of times wages were overdue was 1.09, according to the National Human Rights Commission of Korea. By amount, 34.4 percent of the respondents said they were due between 1 million won and 3 million
Social Affairs April 25, 2024
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Seoul shares dip 1.76 % over tech, battery slump
South Korean stocks plummeted more than 1.7 percent Thursday as investors sought profits following the previous session's sharp rise amid mixed overnight results on Wall Street. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index slumped 47.13 points, or 1.76 percent, to 2,628.62. Trade volume was slim at 304 million shares worth 8.72 trillion won ($ 6.35 billion), with losers outpacing winners 487 to 360. Institutions and foreign investors combined so
Market April 25, 2024
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N. Korea warns of 'practical actions' over US seeking new mechanism to monitor sanctions
North Korea on Thursday decried the United States over efforts to build a new mechanism for the monitoring of sanctions enforcement against the North and warned of "powerful practical actions" to build up its military strength. The US has pledged to work with South Korea and other countries to establish an alternative with the mandate of a UN expert panel monitoring sanctions enforcement that's set to expire at the end of April following Russia's veto to extend it last month.
North Korea April 25, 2024
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Senior officials from S. Korea, US discuss cooperation in chip industry
Senior trade officials from South Korea and the United States have discussed ways to broaden cooperation in the semiconductor sector, officials said Thursday. Deputy Minister for Trade Yang Byeong-nae met with his US counterpart, Ramin Toloui, in Seoul earlier in the day during which Yang asked Toloui to offer sufficient support for South Korean firms seeking to invest in the US Last week, the US government revealed a plan to grant Samsung Electronics Co. up to $6.4 billion to support its chipma
Industry April 25, 2024
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Seoul shares open weaker on tech, battery slump
South Korean stocks opened weaker Thursday as investors sought profits following the previous session's sharp rise amid mixed overnight results on Wall Street. The benchmark Korea Composite Stock Price Index fell 26.04 points, or 0.97 percent, to 2,649.71 in the first 15 minutes of trading. On Wednesday, the main index spiked nearly 2 percent, backed by chipmakers and batterymakers. Overnight, Wall Street closed mixed as a disappointing earnings report from Meta Platforms put investors on e
Economy April 25, 2024
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US will take steps for three-way engagement on nuclear deterrence with S. Korea, Japan: Campbell
The United States will take steps "in time" to have three-way engagements on nuclear deterrence with South Korea and Japan, a senior US diplomat said Wednesday, reiterating America's "firm" security commitment to the Asian allies. Deputy Secretary of State Kurt Campbell made the remarks, noting ongoing efforts to ensure the credibility of the US' "extended deterrence" commitment through bilateral platforms with the allies in the face of shared challenges,
Foreign Affairs April 25, 2024
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Landers slugger Choi Jeong becomes new KBO career home run leader
SSG Landers slugger Choi Jeong is the new home run king in South Korean baseball. Choi launched his 468th home run off Lotte Giants starter Lee In-bok at Sajik Baseball Stadium in the southeastern city of Busan on Wednesday, passing former Samsung Lions star Lee Seung-yuop on the all-time home run list in the Korea Baseball Organization. With the Landers trailing 7-4, Choi came up with two outs in the top of the fifth inning for his third plate appearance. Choi drilled a first-pitch slider and s
Baseball April 24, 2024
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NewJeans fans send protest truck against agency chief in conflict with Hybe
Some fans of girl group NewJeans staged a protest outside the building of K-pop giant Hybe in Seoul on Wednesday, deploying a "protest truck" to voice their grievances against the chief of its sub-label in an escalating conflict with the parent company. "Min Hee-jin should no longer use NewJeans and its family," blared an electronic billboard mounted on the truck sent by the members of Bunnies, the group's fandom. Min is the CEO of ADOR. Other messages repeatedly flashed
K-pop April 24, 2024
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Seoul shares jump 2% on rally in techs, batteries
South Korean stocks soared 2 percent Wednesday as tech, secondary battery and other market heavyweights rallied following overnight gains on Wall Street. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index climbed 52.73 points, or 2.01 percent, to 2,675.75. Trade volume was moderate at 319 million shares worth 10.06 trillion won ($7.34 billion). Winners outpaced losers 610 to 270. Institutions and foreign investors combined bought a net 855.3 billion won, w
Market April 24, 2024
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'The Roundup: Punishment' breaks all-time ticket reservation record for Korean films: distributor
"The Roundup: Punishment" set a ticket reservation record for Korean films of all time on its opening day, Wednesday, its distributor said, signaling a robust start for the highly anticipated film. The latest installment in "The Roundup" crime-action franchise starring Ma Dong-seok amassed over 830,000 presold tickets at theaters nationwide, accounting for a whopping 95.5 percent of all box-office ticket reservations as of 8 a.m., ABO Entertainment said, citing figures from t
Film April 24, 2024
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4 conglomerates see combined operating profit plunge 65% last year: report
Four major conglomerates saw their combined operating profit plunge 65 percent last year, hit by sluggish sales amid an economic slowdown, a report showed Wednesday. Some 306 affiliates of four conglomerates -- Samsung, SK, Hyundai Motor and LG -- posted a combined operating profit of 24.51 trillion won ($17.9 billion) in 2023, down from 71.91 trillion won a year earlier, according to the report by the Korea CXO Institute, a corporate data firm. Samsung Group, the country's biggest conglome
Economy April 24, 2024
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S. Korea, US stage space training against NK GPS jamming threats
South Korea and the United States have conducted joint space exercises to fend off North Korea's global positioning system jamming attacks and other space-based threats, the Air Force said Wednesday. The Air Force's Space Operation Squadron and the US Space Forces Korea formed an integrated team to conduct the training as part of the Korea Flying Training, an annual large-scale airpower drill. It marked the first time that an integrated space operation team attended the KFT, a two-week
Defense April 24, 2024
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Trade minister meets head of African trade bloc
Trade Minister Cheong In-kyo has met Wamkele Mene, the secretary general of the African Continental Free Trade Area, in Seoul and they discussed ways to expand economic ties, officials said. The AfCFTA, the largest trade bloc in Africa, officially came into force in January 2021. During the meeting, Cheong said the launch of the AfCFTA is significant considering the growing protectionism around the globe, Seoul's trade ministry said. The upcoming summit between South Korea and African natio
Foreign Affairs April 24, 2024
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