Articles by Yonhap

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Disability rights group lodges complaint with rights watchdog over leader's arrest
A disability rights advocacy group said Tuesday it will file a complaint with the state human rights watchdog against police for arresting the group's leader without informing him of his Miranda rights. The Solidarity Against Disability Discrimination claimed the police used violence and failed to announce the Miranda warning while arresting its leader, Park Kyoung-seok, during a subway protest last week. Park, 63, was apprehended on the platform of Seoul's Hyehwa Station at 8:50 p.m.
Social Affairs Nov. 28, 2023
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S. Korea pushes for using commercial satellites in military communication
South Korea will push for using commercial satellites in low Earth orbit in a military communication system to efficiently enhance combat capability of the armed forces, the state arms procurement agency said Tuesday. The Defense Rapid Acquisition Technology Research Institute under the state-run Agency for Defense Development signed a 39.8 billion won ($30.6 million) project with Hanwha Systems Co. for development of the military communication system using Hanwha's commercial satellites op
Defense Nov. 28, 2023
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S. Korea's Busan making last-ditch efforts to bring World Expo on voting day
The vote for the host city of the 2030 World Expo is set to take place in Paris on Tuesday, with South Korea's southeastern city of Busan making last-ditch efforts to pull off an upset in the competition against two other candidates. The host country will be selected by the member states of the Bureau International des Expositions, the body responsible for overseeing the global event that can generate economic benefits and jobs, during its general assembly later in the day. Busan is contend
Politics Nov. 28, 2023
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Seoul shares open higher despite US losses
South Korean stocks started a tad higher on Tuesday despite overnight losses on Wall Street. The benchmark Korea Composite Stock Price Index rose 15.98 points, or 0.64 percent, to 2,511.64 in the first 15 minutes of trading. In the United States, major stock indices closed in negative territory, with the Dow Jones Industrial Average losing 0.16 percent and the Nasdaq Composite declining 0.07 percent. In Seoul, large-cap shares led the positive start. Market bellwether Samsung Electronics rose 0.
Market Nov. 28, 2023
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US says N. Korean actions along DMZ increasing risk of military tensions, miscalculations
North Korea's actions taking place along the inter-Korean border are raising the risk of military tensions and miscalculations, a State Department spokesperson said Monday, as the recalcitrant regime began reinstalling guard posts and heavy firearms there. Seoul's defense ministry has said that North Korean troops were spotted installing temporary guard posts and carrying weapons inside the Demilitarized Zone separating the two Koreas, after Pyongyang declared it would not be bound by
North Korea Nov. 28, 2023
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N. Korea says spy satellite took photos of White House, Pentagon, key US naval base
North Korea said Tuesday the country's military spy satellite has taken photos of the White House, the Pentagon and nuclear aircraft carriers docked at a US naval base. Leader Kim Jong-un viewed the photos on Monday and Tuesday when he received an operations report from the Pyongyang General Control Center of the National Aerospace Technology Administration, according to the official Korean Central News Agency said. He observed satelite photos of the White House and the Pentagon taken at 11:36 p
North Korea Nov. 28, 2023
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Hyundai Motor to halt Asan factory in Korea for EV factory construction
Hyundai Motor plans to halt its factory in Asan, South Korea, to construct an electric vehicle plant in the period between Dec 31. 2023 to Feb. 13 2024, the South Korean automaker said in a regulatory filing on Monday. Hyundai Motor said it plans to resume operations at the Asan factory on Feb. 14.
Industry Nov. 27, 2023
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S. Korea, AIIB discuss stronger partnership, new investment chances
South Korea and the China-led Asian Infrastructure Investment Bank (AIIB) discussed ways Monday to boost bilateral cooperation on the financial sector and conduct various joint infrastructure projects, the finance ministry here said. The discussion took place during the meeting between Finance Minister Choo Kyung-ho and AIIB President Jin Liqun held in Seoul earlier in the day, according to the Ministry of Economy and Finance. Choo asked for the AIIB chief's support for South Korean com
Market Nov. 27, 2023
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Hamas releases more hostages, says it will seek to extend deal
DEIR AL-BALAH, Gaza Strip — The fragile cease-fire between Israel and Hamas was back on track Sunday as the militants freed 17 more hostages, including 14 Israelis and the first American, in a third exchange under a four-day truce that the US said it hoped would be extended. In turn, Israel released 39 Palestinian prisoners. Most hostages were handed over directly to Israel, waving to a cheering crowd as they arrived at an air force base. Others left through Egypt. Israel’s army said
World News Nov. 27, 2023
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2 Taiwanese display firms ordered to pay damages to LG for price-fixing
Two Taiwanese display makers have been ordered to pay a combined 32.8 billion won ($25.1 million) in damages to LG Electronics Inc. for fixing the prices of LCD panels, sources said Monday. The Seoul Central District Court recently delivered the ruling in a compensation suit filed by LG and six of its overseas branches in January 2014 against AUO Corp. and HannStar Display Corp., both based in Taiwan. AUO, formerly AU Optronics Corp., and nine other LCD manufacturers and distributors were accuse
Companies Nov. 27, 2023
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Yoon's approval rating up for 2 weeks to 38.1 pct
President Yoon Suk Yeol's approval rating increased for two consecutive weeks to 38.1 percent, according to a poll released Monday. The survey, conducted by the polling agency Realmeter, showed that the positive assessment of Yoon's performance went up by 2.5 percentage points from the previous week, while 58.9 percent of respondents disapproved of his performance, down 3.1 percentage points. Yoon's approval rating, which had previously lingered in the mid-30 percent range since t
Politics Nov. 27, 2023
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S. Korea attends NATO-led cyberdefense exercise
South Korea is set to attend an international cyberdefense exercise led by the North Atlantic Treaty Organization for the first time to enhance collaboration with NATO in the cyberspace domain, the defense ministry said Monday. NATO's flagship annual cyber exercise, called Cyber Coalition 2023, takes place in Estonia from Monday to Friday, involving 35 NATO members and partners as well as the European Union to strengthen their joint ability to counter threats in the cyber domain. South Kore
Defense Nov. 27, 2023
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S. Korea to double ceiling of immediate tax refund for foreign tourists
South Korea will double the maximum limit of purchases eligible for an immediate tax refund by foreign tourists to 5 million won ($3,831) next year to attract overseas visitors and bolster the tourism industry, the finance ministry said Monday. Currently, the country provides on-the-spot tax refunds for an individual purchase of up to 500,000 won at designated stores, with a maximum cap being set at 2.5 million won on total payments. "Starting Jan. 1, 2024, the maximum per-payment amount fo
Economy Nov. 27, 2023
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N. Korea claims S. Korea violated key inter-Korean agreements
North Korea claimed Monday that South Korea has breached a 2018 inter-Korean military accord and other key agreements between the two Koreas, condemning joint military drills between Seoul and Washington as a provocative act that violates the military accord. The condemnation came as North Korea vowed last week to resume all military measures halted under the 2018 deal and deploy new weapons to the border in response to Seoul's partial suspension of the military tension reduction accord ove
North Korea Nov. 27, 2023
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BOK likely to keep policy rate unchanged on slowdown, hope for Fed's rate freeze, easing inflation
The weak economic momentum, along with the hope for the Federal Reserve's rate freeze next month and moderating inflation, may prod South Korea's central bank to keep its policy rate unchanged again this week. But the Bank of Korea is likely to say that it will keep its restrictive monetary policy stance amid still high inflation and soaring household debts. On Thursday, the BOK is widely predicted to leave the rate, which currently stands at 3.5 percent, unchanged, which would be the seventh st
Economy Nov. 27, 2023
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