Articles by Yonhap
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Senior trade officials from S. Korea, US discuss 3-way talks with Japan
Senior trade officials from South Korea and the United States discussed preparations for the upcoming three-way talks of industry chiefs with Japan, Seoul's industry ministry said Thursday. The discussion was made as Deputy Minister for Trade Yang Byeong-nae met with officials from the US Department of Commerce and the Office of the US Trade Representative during his three-day visit to Washington this week, according to the Ministry of Trade, Industry and Energy. Seoul and Washington also d
Foreign Affairs April 18, 2024
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S. Korean parliamentary chief calls for stronger S. Korea-US efforts to address NK threats
South Korea's National Assembly Speaker Kim Jin-pyo stressed the need Wednesday to beef up joint deterrence efforts by Seoul and Washington to address evolving North Korean military capabilities, which he said pose a "direct" threat to the continental United States. Kim made the remarks during a forum hosted by the Institute for Korean Studies at George Washington University, urging Pyongyang to cease its nuclear threats and return to the "path of denuclearization." &quo
North Korea April 18, 2024
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Seoul shares down for 4th day on geopolitical, rate policy woes
South Korean stocks dipped nearly 1 percent Wednesday to expand their losing streak to a fourth day as investors' concerns heightened on hawkish remarks by US Federal Reserve officials and escalating tension in the Middle East. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index plunged 25.45 points, or 0.98 percent, to close at 2,584.18. Trade volume was a little slim at 400.5 million shares worth 9.5 trillion won (US$6.8 billion), with decliners outp
Market April 17, 2024
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Indo-Pacific deal on supply chains takes effect in S. Korea
A US-led Indo-Pacific agreement on supply chains went into effect in South Korea, Seoul's trade ministry said Wednesday. The Indo-Pacific Economic Framework was launched by US President Joe Biden in 2022, involving 14 member nations, including South Korea, the United States and Japan. "The government plans to come up with measures to utilize the IPEF, as the country needs a policy that supports the industrial supply chain," Trade Minister Cheong In-kyo told a meeting with corporat
Economy April 17, 2024
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13,000 medical students to seek injunction against medical school quota hike
Some 13,000 medical students plan to collectively seek court injunctions to halt their schools' expansion of admission quotas, a lawyer said Wednesday, as the walkout by protesting trainee doctors continued for nearly two months. The injunction requests will be filed next Monday by students from 32 medical schools outside Seoul against the presidents of their universities, asking the court to halt the schools' revision of admission plans to reflect increased medical school seats, said
Social Affairs April 17, 2024
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Seoul shares open higher on bargain hunting
South Korean stocks started higher Wednesday as investors hunted for bargains following a sharp slide the previous day sparked by escalating tensions in the Middle East. The benchmark Korea Composite Stock Price Index gained 8.58 points, or 0.33 percent, to 2,618.21 in the first 15 minutes of trading. Overnight, the S&P 500 fell 0.2 percent and the tech-heavy Nasdaq edged down 0.1 percent, while the Dow Jones Industrial Average gained 0.2 percent. US Federal Reserve Chair Jerome Powell said
Market April 17, 2024
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US 'incredibly concerned' about suspected NK-Iran military ties
The United States is "incredibly concerned" about long-suspected military cooperation between North Korea and Iran, a State Department spokesperson said Tuesday. Matthew Miller, the spokesperson, made the remarks in response to a question about whether America has concerns about Iran working with Pyongyang on nuclear and ballistic missile programs. "Certainly, that's something we've been incredibly concerned about," Miller told a press briefing. Having established diplomatic
Foreign Affairs April 17, 2024
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NK leader celebrates completion of 10,000 new homes in Pyongyang
North Korean leader Kim Jong-un has attended a ceremony marking the completion of building another 10,000 new homes in Pyongyang, state media said Wednesday. Kim attended the ribbon-cutting ceremony Tuesday for the completion of new apartments in the Hwasong district of Pyongyang as part of a housing project to build a combined 50,000 new homes in the capital by 2025, the Korean Central News Agency said. Kim called for workers to attain the remaining goals for the five-year project to "turn
North Korea April 17, 2024
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Vice FM, ICAO chief share concerns over N. Korean missile launches
Second Vice Foreign Minister Kang In-sun held talks with the chief of a United Nations agency on international civil aviation to discuss ways to strengthen their partnership, the foreign ministry said Tuesday. Kang met with Juan Carlos Salazar, secretary-general of the International Civil Aviation Organization, to share concerns over North Korea's missile launches and explore ways to enhance cooperation. During the meeting, Kang said North Korea's missile and spy satellite launches pos
Foreign Affairs April 16, 2024
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Govt., doctors differ widely on how to resolve medical reform stalemate amid prolonged walkout
Despite ongoing efforts to find a breakthrough regarding the prolonged walkout by doctors, the government and doctors differ widely on how to discuss medical reform plans, as doctors have demanded one-on-one talks rather than discussions within a consultative body for public consensus. More than 90 percent of South Korea's 13,000 trainee doctors have walked off the job in protest since Feb. 20 in protest of the government's push to increase the number of medical school seats by 2,000 s
Social Affairs April 16, 2024
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S. Korea, Australia hold vice-ministerial talks on Indo-Pacific strategy, bilateral ties
Senior diplomats of South Korea and Australia held talks in Seoul on Tuesday to discuss joint efforts to boost bilateral cooperation in their Indo-Pacific strategies and a wide range of issues, the foreign ministry said. Deputy Foreign Minister Chung Byung-won met with his Australian counterpart, Elly Lawson, deputy secretary of the Strategic Planning and Coordination Group at the Australian foreign ministry, Seoul's ministry said. The two sides shared the view that their bilateral ties a
Foreign Affairs April 16, 2024
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Seoul shares sink over 2% on escalating tension in Middle East
South Korean stocks sank more than 2 percent Tuesday as Israel warned of a retaliation over Iran's drone and missile attack over the weekend. The Korean won also fell sharply against the US dollar. The benchmark Korea Composite Stock Price Index plunged 60.8 points, or 2.28 percent, to close at 2,609.63. Trade volume was moderate at 557 million shares worth 11.9 trillion won ($8.48 billion), with decliners outpacing gainers 771 to 124. Foreigners offloaded a net 272 billion won, while indiv
Market April 16, 2024
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S. Korea to provide $12m to conflict-ridden Sudan
South Korea will provide $12 million in humanitarian assistance to Sudan and the neighboring countries struggling with a yearlong conflict between rival military factions, the foreign ministry said Tuesday. Choi Jai-chul, South Korean Ambassador to France, announced the plan Monday (local time) during an international humanitarian conference in Paris, as he voiced concerns over the worsening situation in Khartoum. "Our government will continue to join international efforts to assist countri
Foreign Affairs April 16, 2024
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Seoul shares open sharply lower as Israel warns of retaliation
South Korean stocks started sharply lower Tuesday tracking overnight losses on Wall Street amid the escalating tension between Israel and Iran. The benchmark Korea Composite Stock Price Index dropped 36.34 points, or 1.36 percent, to 2,634.09 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average fell 0.65 percent and the tech-heavy Nasdaq declined 1.79 percent. Tensions continued to escalate in the Middle East after Israel warned of retaliation after Iran conducted a dr
Market April 16, 2024
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Senior US officials discuss N. Korea, Taiwan, South China Sea in talks with Beijing officials
Senior US officials discussed with Beijing officials a range of regional and global issues, including North Korea, the Taiwan Strait and the South China Sea during their visit to China this week, the State Department said Monday. Assistant Secretary of State for East Asian and Pacific Affairs Daniel Kritenbrink and National Security Council Senior Director for China and Taiwan Affairs Sarah Beran met with Executive Vice Foreign Minister Ma Zhaoxu and Yang Tao, director general of the North Ameri
North Korea April 16, 2024
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