Articles by Yonhap
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Vice FM visits UAE for talks on economic, energy cooperation
First Vice Foreign Minister Kim Hong-kyun has visited the United Arab Emirates for discussions on strengthening cooperation in core areas of mutual interest, his office said Saturday. Kim met with Khaldoon Khalifa Al Mubarak, chairman of the Executive Affairs Authority of Abu Dhabi, and Ahmed Ali Al Sayegh, minister of state at the Ministry of Foreign Affairs, on Friday for talks on boosting cooperation in the areas of economy, peaceful nuclear power, the defense industry and energy, according t
Foreign Affairs April 20, 2024
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Details of meeting between Yoon, opposition leader undecided: presidential office
Details, including the time and form, of a proposed meeting between President Yoon Suk Yeol and main opposition leader Lee Jae-myung have yet to be set, the presidential office said Saturday. In a message to the press, Yoon's office also dismissed media reports that the date for what would be their first-ever meeting has been confirmed. On Friday, the presidential office said Yoon proposed holding the meeting next week after congratulating Lee of the Democratic Party and other party members
Politics April 20, 2024
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Foreign Ministry denounces heightening tensions in Middle East
The Foreign Ministry expressed concerns Saturday over the escalating tensions in the Middle East, calling on all stakeholders to refrain from actions that could worsen the crisis. The ministry also said it condemns actions that led to recent explosions in Iran. "We strongly denounce any move that escalates regional tension, including the explosion that occurred in Iran on Friday," it said in a released statement. The statement comes after Israel reportedly staged attacks against Iran t
World News April 20, 2024
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Gold trading volume spikes amid Mideast crisis
The trading volume of gold in South Korea has jumped sharply this month amid escalating tensions in the Middle East, data showed Saturday. The daily trading volume of gold in the country came to 16.9 billion won ($12.25 million) as of Friday, according to the data from the Korea Exchange, the country's bourse operator. The reading marks a sharp increase from a daily average of 6.86 billion won for March. Such an increase follows tensions in the Middle East, prompted by Iran's drone and
Economy April 20, 2024
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Chinese man behind drug scam targeting teens nabbed in Cambodia
A Chinese national suspected of supplying drugs that were used for a high-profile scam case, where young students were deceived into consuming drug-laced drinks, has been arrested in Cambodia, South Korea's spy agency said Friday. The National Intelligence Service, which has been probing the case in cooperation with the Cambodian police, said the 38-year-old charged with supplying methamphetamine to the drug ring that produced and distributed the beverages was apprehended in Phnom Penh on
Social Affairs April 19, 2024
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Seoul envoy for N.K. human rights urges solidarity in Argentina, Mexico
South Korea's envoy for North Korean human rights visited Argentina and Mexico for discussions on improving the rights situation in Pyongyang, the foreign ministry said Friday. Ambassador Lee Shin-wha met government officials, experts and activists from nongovernmental organizations during her four-day trip to the Latin American countries, according to the ministry. In Buenos Aires, she called for the international community's support and attention to the North's human rights viol
North Korea April 19, 2024
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Yoon, Romanian president to hold summit in S. Korea next week
Romanian President Klaus Iohannis will visit South Korea next week to hold a summit with President Yoon Suk Yeol and discuss cooperation in arms and nuclear energy, among other sectors, Yoon's office said Friday. Iohannis will pay an official visit to South Korea from Monday to Thursday, during which the leaders will meet to discuss areas of "strategic cooperation" between the two countries, the presidential office said. The two held talks last July on the sidelines of a North Atl
Foreign Affairs April 19, 2024
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S. Korea voices strong regrets over Japanese textbooks distorting wartime history
South Korea lodged a strong protest against Japan on Friday after Tokyo approved new school textbooks that downplay the coercive nature of its wartime atrocities and reinforce its territorial claims to Dokdo. The foreign ministry also called in Japanese Ambassador to South Korea Koichi Aiboshi to deliver the formal protest message after Tokyo's education ministry approved two history textbooks for middle school students. The textbooks were said to have been approved last month, but the anno
Foreign Affairs April 19, 2024
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Seoul shares dip over 1.5% on escalating Israel-Iran tensions; won sharply down
South Korean stocks plummeted by more than 1.5 percent on Friday as investors shed risky assets on escalating tensions in the Middle East. The Korean won fell sharply against the US dollar. The benchmark Korea Composite Stock Price Index dropped 42.84 points, or 1.63 percent, to close at 2,591.86, trimming some of the losses after falling more than 3 percent during the session. Trade volume was high at 799 million shares worth 13.85 trillion won (US$10 billion), with losers outpacing gainers 629
Market April 19, 2024
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S. Korea not invited to G7 summit meeting this year: sources
South Korea appears not to have been invited to this year's summit of the Group of Seven countries set for June in Italy, diplomatic sources familiar with the matter said Friday. South Korea was "not included" in a list of countries invited to the upcoming summit set to take place in Apulia, Italy, from June 13-15, the sources said. The G7 consists of the United States, Britain, Canada, France, Germany, Italy and Japan. Italy is serving as the rotating presidency of the G7 for thi
Foreign Affairs April 19, 2024
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Economics professor, ex-BOK official named as new monetary policymakers
The Bank of Korea said Friday that an economics professor and a former BOK official have been recommended to replace two outgoing monetary policymakers of the central bank. Lee Soo-hyung, a professor at Seoul National University, and Kim Jong-hwa, a former BOK deputy governor, were named to sit on the BOK's seven-member rate-setting board. If appointed by President Yoon Suk Yeol, Lee and Kim will start their four-year terms by replacing Suh Young-kyung and Cho Yoon-je, respectively. Lee and
Economy April 19, 2024
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N. Korea slams US envoy's Asian tour as 'aid-begging' trip to enliven anti-Pyongyang sanctions
North Korea on Friday denounced the recent visit to South Korea and Japan by the top US envoy to the United Nations, calling it an "aid-begging" trip to invigorate the "weakened illegal" sanctions against Pyongyang. Late last month, the UN Security Council failed to extend the mandate of the panel of experts monitoring the enforcement of sanctions against the North's nuclear and missile programs due to Russia's veto. The operation of the panel is set to expire on Ap
North Korea April 19, 2024
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Seoul shares open sharply lower amid waning hope for early rate cuts
South Korean stocks started sharply lower Friday amid expectations over a delay in US interest rate cuts this year. The benchmark Korea Composite Stock Price Index fell 37 points, or 1.4 percent, to 2,597.7 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average edged up 0.06 percent, while the tech-heavy Nasdaq decreased 0.52 percent, extending losses for a fifth consecutive month. New York Federal Reserve President John Williams has said that he feels no urgency to cut
Market April 19, 2024
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Exchange rate volatility does not pose 'significant' economic challenges in Korea's case: IMF official
Exchange rate volatility does not present 'significant" economic challenges to South Korea, an official at the International Monetary Fund said Thursday, advising policymakers in Seoul not to "overly" focus on what moves the US Federal Reserve will take. During a press briefing, Krishna Srinivasan, director of the IMF's Asia and Pacific Department, made the remarks as concerns deepened over the recent depreciation of the Korean won at a time when Asia's fourth large
Economy April 19, 2024
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Govt. likely to accept university chiefs' request to lower med school enrollment quota
The government is likely to accept a request made by the chiefs of six national universities to lower their medical school enrollment quotas for next year, officials said Friday. The six universities, all located outside the capital region, made the request Thursday amid an ongoing standoff between the government and the medical community over the government's decision to increase total medical school admissions by 2,000 starting next year. The six -- Gangwon National University, Kyungpook
Social Affairs April 19, 2024
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