South Korea captain Son Heung-min will not play in two World Cup qualifying matches later this month due to a left hamstring injury, the national football federation announced Friday. The Korea Football Association said the national team staff had decided to drop Son from the 26-man squad to "protect the player's health," after Son sustained his injury during a UEFA Europa League match for Tottenham Hotspur against Qarabag on Sept. 26 in London. Son has since missed two matches --

Soccer Oct. 4, 2024

South Korean Foreign Minister Cho Tae-yul on Friday held his first phone talks with Japan's new foreign minister, Takeshi Iwaya, and discussed bilateral ties as well as regional and global issues, Seoul's foreign ministry said. During the 25-minute conversation, Cho congratulated Iwaya on his inauguration and proposed the two sides closely communicate to expand cooperation between South Korea and Japan, the ministry said. Describing the Seoul-Tokyo ties as "very important" re

Foreign Affairs Oct. 4, 2024

Prosecutors on Friday requested an arrest warrant for Ku Young-bae, CEO of Singapore-based Qoo10, which owns Korean online shopping platforms Tmon and WeMakePrice, for alleged fraud, embezzlement and breach of duty over large-scale e-commerce insolvency incidents. The Seoul Central District Prosecutors Office also sought warrants to arrest Tmon CEO Ryu Kwang-jin and WeMakePrice CEO Ryu Hwa-hyun. The prosecution said it filed for the warrants for them considering the significance of the incident,

Social Affairs Oct. 4, 2024

Seoul shares closed slightly higher Friday, snapping three consecutive sessions of losses, as investors hunted bargains despite the escalating tensions in the Middle East. The local currency sharply fell against the US dollar. The benchmark Korea Composite Stock Price Index moved up 0.31 percent, or 8.02 points, to 2,569.71. Trading volume was moderate at 405 million shares worth 9.63 trillion won ($7.2 billion), with gainers outpacing losers at 462 to 412. Foreigners bought a net 41 billion won

Market Oct. 4, 2024

A tender offer by private equity firm MBK Partners to gain a controlling stake in Korea Zinc Inc., the world's biggest zinc smelter, is set to expire Friday, with all eyes on how the smelter's stock would perform, some analysts said. MBK, in cooperation with Young Poong Corp., the largest shareholder of Korea Zinc, raised its original tender offer price for Korea Zinc last week to 750,000 won ($567) per share from 660,000 won. In a rare counteroffer this week, Korea Zinc Chairman Choi

Economy Oct. 4, 2024

Seoul stocks opened nearly flat Friday, as investors sat on the sidelines amid the escalating geopolitical tensions in the Middle East. The benchmark Korea Composite Stock Price Index fell 0.02 percent, or 0.48 point, to 2,561.21 in the first 15 minutes of trading. Overnight, US shares lost ground amid the growing conflict between Israel and Iran, with the Dow Jones Industrial Average losing 0.44 percent and the tech-heavy Nasdaq composite falling 0.04 percent. International benchmark Brent crud

Market Oct. 4, 2024

Kim Yo-jong, the influential sister of North Korean leader Kim Jong-un, on Thursday mocked South Korea's Hyunmoo-5 missile, first showcased in a recent military parade in Seoul, as a "uselessly huge weapon." Kim Yo-jong made the remark in a statement carried by the North's Korean Central News Agency, just two days after South Korea unveiled the missile, known to be able to carry an eight-ton warhead, in a military parade marking Armed Forces Day. In a ceremony marking the ann

North Korea Oct. 3, 2024

A group of business leaders, including Samsung Electronics Co. Chairman Lee Jae-yong and Hyundai Motor Group Chairman Euisun Chung, will accompany President Yoon Suk Yeol on his visit to Singapore next week, industry sources said Thursday. Yoon is set to embark on a three-nation trip on Sunday to visit the Philippines, Singapore and Laos to attend the summit of the Association of Southeast Asian Nations and hold bilateral talks, according to his office. In Singapore, Lee is expected to attend a

Politics Oct. 3, 2024

Prime Minister Han Duck-soo vowed Thursday to complete a medical reform, saying the reform drive is an essential choice to ensure the safety of people and protect future generations. Han made the remark at a ceremony commemorating National Foundation Day, although the monthslong walkout by trainee doctors against the government's medical reform has showed little signs of progress to resolve the standoff. "We will surely complete essential medical reform to protect the lives and safety

Politics Oct. 3, 2024

South Korean and US officials on Wednesday expressed strong confidence over the present and future of the two countries' evolving alliance, calling it "ironclad" and "unwavering," as they celebrated the Korean National Day and Armed Forces Day in Washington on Wednesday. Their paean for the decadesold alliance came as Seoul and Washington have been stepping up security cooperation amid a series of regional and global security challenges, including North Korea's evol

Politics Oct. 3, 2024

FIFA has warned the Korea Football Association (KFA) of possible sanctions for violating its obligation to operate independently, in light of an ongoing probe by the sports ministry. A FIFA official confirmed to Yonhap News Agency on Thursday that the global football body had sent a letter to the KFA, referring the South Korean member association to "its statutory obligation to manage its affairs independently and to ensure that its own affairs are not unduly influenced by any third parties

Soccer Oct. 3, 2024

New Japanese Prime Minister Shigeru Ishiba plans to have his first summit with South Korean President Yoon Suk Yeol on the margins of annual regional gatherings in Laos next week, Japan's broadcaster NHK reported Thursday. The two leaders will have their first in-person meeting since Ishiba took office on Tuesday, the Japanese public broadcaster said, as both plan to participate in a series of meetings involving the 10-member Association of Southeast Asian Nations (ASEAN) in Laos. The plann

Politics Oct. 3, 2024

Two senior US diplomats will travel to South Korea next week to attend a workshop on human rights violations in North Korea and other events, the State Department said Wednesday. During their trip from Monday to Oct. 11, Special Envoy for North Korean human rights Julie Turner and Ambassador-at-Large for Global Criminal Justice Beth Van Schaack plan to co-host a high-level strategic workshop centering on accountability for human rights violations in the North, according to the department. Organi

Diplomatic Circuit Oct. 3, 2024

President Yoon Suk Yeol and Japan's new Prime Minister Shigeru Ishiba held their first phone conversation Wednesday to discuss bilateral ties and cooperation on countering threats posed by North Korea, Yoon's office said. During the call, Yoon and Ishiba agreed to work on enhancing both bilateral cooperation and trilateral collaboration involving the United States to address North Korean issues. "The leaders agreed on the need for South Korea, Japan and the United States to make

Foreign Affairs Oct. 2, 2024

Seoul shares closed lower for the third consecutive day Wednesday as investors sat on the sidelines amid the escalating tension in the Middle East following Iran's massive missile attack against Israel. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index dropped 1.22 percent, or 31.58 points, to 2,561.69. Trading volume was moderate at 341.9 million shares worth 9.38 trillion won ($7.1 billion), with losers far outnumbering winners at 705 to 177. F

Market Oct. 2, 2024