Articles by Yonhap
Yonhap
Yonhap-
Police catch 1,681 over alleged election law violations
Police said Thursday they have caught 1,681 people and referred 46 of them to the prosecution for alleged irregularities related to the April 10 general elections. Of them, 1,468 people are undergoing investigations on charges of violating the election law, and 167 others were acquitted, according to the National Police Agency. It marks an increase of 24.5 percent, or 331 people, compared with the last general election, when 1,350 people were caught. By type of crime, those accused of spreading
Social Affairs April 11, 2024
-
Seoul shares close almost flat despite higher US inflation; won sharply down
South Korean stocks ended almost flat Thursday thanks to gains in techs and autos despite higher-than-expected US inflation that dimmed hopes for the Federal Reserve's early rate cuts. The Korean won sharply fell to the lowest point in 17 months against the US dollar. After starting 1.45 percent lower, the benchmark Korea Composite Stock Price Index pared earlier losses by rising 1.8 points, or 0.07 percent, to close at 2,706.96. Trade volume was moderate at 522.4 million shares worth 12.5
Market April 11, 2024
-
NK leader vows to deal 'death-blow' to enemy in event of confrontation
North Korean leader Kim Jong-un has vowed to mobilize all means to deal a "death-blow" to the country's enemy without hesitation should it opt for military confrontation with the North, state media said Thursday. Kim made the remark during his visit to the Kim Jong-il University of Military and Politics on Wednesday, the Korean Central News Agency said, calling the university named after Kim's late father a military training school for core commanding officers. "He said
North Korea April 11, 2024
-
Seoul shares open sharply lower on higher US inflation
South Korean stocks started sharply lower Thursday as higher-than-expected US inflation data poured cold water on investors' hopes for early rate cuts. The benchmark Korea Composite Stock Price Index plunged 39.34 points, or 1.45 percent, to 2,665.82 in the first 15 minutes of trading. Overnight, major US indexes lost ground as the release of a key measure of inflation dashed investors' hopes that the Federal Reserve may start cutting its rates soon. The US' consumer price index f
Market April 11, 2024
-
Exports rise 21.6% in first 10 days of April on solid chip sales
South Korea's exports rose 21.6 percent on-year in the first 10 days of April on robust global demand for semiconductors, data showed Thursday. Outbound shipments reached $16.44 billion in the April 1-10 period, compared with $13.52 billion tallied a year earlier, according to the data from the Korea Customs Service. Per-day exports advanced 13.5 percent on-year to $2.19 billion. Imports grew 5.8 percent on-year to $18.4 billion during the period, resulting in a trade deficit of $2 billion.
Economy April 11, 2024
-
DP wins resounding majority in crushing defeat for PPP
The main opposition Democratic Party retained a majority in the National Assembly in Wednesday's general elections in another major setback for the ruling People Power Party and President Yoon Suk Yeol. With almost all votes counted, the DP won 161 out of 254 directly contested seats, while the PPP won only 90 seats. Including proportional seats, the DP and its satellite party were expected to win 176 seats and the PPP and its satellite party 109 seats in the 300-member National Assembly. T
Politics April 11, 2024
-
Blinken renews concerns over support for Russia's defense industrial base from N. Korea, Iran, China
US Secretary of State Antony Blinken reiterated concerns Tuesday over military support for Russia's defense industrial base from North Korea, Iran and China, as Moscow continues its protracted war against Ukraine. Blinken made the remarks during a joint press conference with his British counterpart, David Cameron, in Washington, where they dealt with a range of bilateral and global issues, including what he termed, the "imperative" to get assistance to a war-ravaged Ukraine. "
Foreign Affairs April 10, 2024
-
Sullivan stresses 'synergies' in trilateral cooperation among S. Korea, US, Japan
US National Security Advisor Jake Sullivan highlighted "synergies" in trilateral cooperation between South Korea, the United States and Japan in security, technology and other fields on Tuesday, the eve of a summit between President Joe Biden and Japanese Prime Minister Fumio Kishida. Sullivan made the remarks as he previewed the White House summit on what he called issues "across the board," including defense, space cooperation and research partnerships on critical technolog
Foreign Affairs April 10, 2024
-
Yoon stresses medical reform 'for all' during visit to heart hospital
President Yoon Suk Yeol stressed Tuesday that medical reform should not come at the expense of the public or medical personnel but be made to satisfy both sides. Yoon made the point during a visit to a cardiovascular hospital in Bucheon, Gyeonggi Province, just southwest of Seoul, in his fourth such visit to a medical facility amid a prolonged walkout by junior doctors protesting a government plan to raise the medical school admissions quota. "Medical reform should be for all and not forcin
Politics April 9, 2024
-
Doctors cancel joint press conference amid signs of internal rift
A doctors' lobby group said Tuesday it was canceling a planned joint press conference with other doctors' groups and medical professors, amid signs of an apparent rift within the medical community over how to respond to the government's plan to increase the medical student quota. The Korean Medical Association made the announcement, saying they need more time for negotiations with the trainee doctors who walked off their jobs seven weeks ago in protest against raising the medica
Social Affairs April 9, 2024
-
Seoul shares close lower ahead of parliamentary elections, US inflation data
South Korean stocks ended lower Tuesday as investors grew more cautious ahead of parliamentary elections and the release of key US inflation data later this week. The Korean won fell against the US dollar. After starting higher, the benchmark Korea Composite Stock Price Index lost 12.49 points, or 0.46 percent, to close at 2,705.16. Trade volume was moderate at 458.4 million shares worth 9.48 trillion won ($6.99 billion), with decliners outpacing gainers 489 to 370. Institutions bought stocks wo
Market April 9, 2024
-
Opposition leader attends court hearing on corruption charges on eve of elections
Opposition leader Lee Jae-myung accused the Yoon Suk Yeol government of trying to knock out his political enemies as he attended a court hearing on charges connected to a development corruption scandal on the eve of the parliamentary elections Tuesday. Lee, the chair of the main opposition Democratic Party, appeared for the hearing at the Seoul Central District Court on corruption charges related to two apartment construction projects in Seongnam, south of Seoul, launched during his term as the
Politics April 9, 2024
-
N. Korea revs up festive mood ahead of late founder's birthday
North Korea has held a photo exhibition and a youth art festival to celebrate the upcoming 112th birthday of late founder Kim Il-sung, state media reported Tuesday. Kim died of heart failure in 1994 at age 82, opening the way for his son, Kim Jong-il, to take over in communism's first hereditary succession of power. Despite the senior Kim's death, his birthday, April 15, is revered as the Day of Sun and is celebrated as one of the communist country's most important national holida
North Korea April 9, 2024
-
S. Korea's 2nd spy satellite makes contact with local ground station
South Korea's second military reconnaissance satellite launched into space this week has made contact with a ground station in the country and is undergoing initial operations normally, the defense ministry said Tuesday. The satellite successfully entered orbit after being launched on a SpaceX Falcon 9 rocket from Florida at 8:17 a.m. Monday. It succeeded in communicating with an overseas ground station hours after lift-off. "Our second military reconnaissance satellite has currently e
Defense April 9, 2024
-
Big companies increase R&D investment in 2023
Big companies in South Korea increased their investments in research and development activities last year despite decreased earnings, a corporate data tracker said Tuesday. Their combined R&D investments rose 9.4 percent to 73.42 trillion won ($54 billion) in 2023 from 67.14 trillion won a year earlier, according to a recent survey of 224 firms by the data tracker CEO Score. They suffered declines in sales and operating profit due to an economic slowdown but they executed their planned R&
Companies April 9, 2024
Most Popular
-
1
Exports to US reach all-time high, widen gap with China
-
2
Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
-
3
[Music in drama] Rekindle a love that slipped through your fingers
-
4
Opposition-led Assembly unilaterally passes bill to probe Marine's death
-
5
Inflation eases in April, continues bumpy ride
-
6
Seoul Metro to seek legal action against malicious complaints
-
7
Golden chance to liquidate babies’ gold rings?
-
8
[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
-
9
Illit, mired in controversy, remains on Billboard charts for 5th week
-
10
On May Day, labor unions blast Yoon's foreign nanny proposal