Articles by Yonhap
Yonhap
Yonhap-
Hwang Sun-hong chosen as caretaker boss of nat'l football team
U-23 Korean national team manager Hwang Sun-hong was chosen Tuesday to concurrently helm the senior national team as its interim manager. The Korea Football Association (KFA) made the announcement following a meeting of its National Team Committee, which is responsible for appointing coaches for national teams across different age brackets. "Hwang is a coach affiliated with the KFA and has recently demonstrated his achievements with his team's victory at the Hangzhou Asian Games,"
Soccer Feb. 27, 2024
-
Seoul shares end lower ahead of US economic data
South Korean stocks ended more than 0.8 percent lower Tuesday as investors were in cautious mode ahead of the release of major US economic data later this week. The local currency gained ground against the US dollar. The benchmark Korea Composite Stock Price Index retreated 22.03 points, or 0.83 percent, to 2,625.05. Trade volume was slightly heavy at 567.4 million shares worth 12.4 trillion won ($9.3 billion), with decliners sharply beating gainers 745 to 149. Institutions led the decline by un
Market Feb. 27, 2024
-
Retail sales rise 8.2% in Jan. on robust online performance
Retail sales in South Korea advanced 8.2 percent on-year in January following the robust performance of online platforms, the industry ministry said Tuesday. The combined sales of 25 major offline and online retailers came to 15.7 trillion won ($11.78 billion) last month, compared with 14.5 trillion won a year earlier, according to the data compiled by the Ministry of Trade, Industry and Energy. Offline store sales edged down 0.3 percent last month, as the Lunar New Year holiday fell in February
Economy Feb. 27, 2024
-
US diplomat voices hope for S. Korea to offer more defense material support to Ukraine
A US diplomat expressed hopes Monday for South Korea to provide more defense material support to Ukraine, stressing the importance of air defense assistance for Ukrainian forces striving to fend off Russian attacks. Speaking at a forum, Yuri Kim, principal deputy assistant secretary of state for Europe and Eurasian affairs, underscored the need for continued aid to Ukraine, as US military support to the war-ravaged country has stalled with a funding bill held up in the House due to Republican op
Foreign Affairs Feb. 27, 2024
-
Vice FM urges N. Korea to cease provocations at UN disarmament conference
Second Vice Foreign Minister Kang In-sun urged North Korea to return to denuclearization talks and to cease its nuclear and missile programs, the foreign ministry said Tuesday. Kang made the remark during her speech at the high-level segment of the UN Conference on Disarmament in Geneva on Monday, saying the North's illegal nuclear and missile programs are the "most urgent tasks" to address for international peace and security. "North Korea's nuclear and missile obsessio
Foreign Affairs Feb. 27, 2024
-
Seoul shares open lower ahead of key US economic data
South Korean stocks started lower Tuesday as investors took a cautious mode ahead of major US economic data releases later this week, including the Federal Reserve's preferred measure of inflation. The benchmark Korea Composite Stock Price Index dropped 4.77 points, or 0.18 percent, to 2,642.31 in the first 15 minutes of trading. Overnight, the US stock market closed lower on profit-taking following a rally last week. Investors were also taking a wait-and-see mode ahead of the release of th
Market Feb. 27, 2024
-
US Commerce secretary highlights 'tough' talks under way with chipmakers over grants
US Commerce Secretary Gina Raimondo reiterated Monday that "tough" talks have been under way with advanced semiconductor companies over grants to be awarded under a program to reinvigorate chip manufacturing in the United States. Speaking at a forum, Raimondo said that the US government has thus far received over 600 statements of interest from relevant companies, and that "leading-edge" companies alone have requested more than $70 billion in grants for their manufacturing pr
World Business Feb. 27, 2024
-
Seoul shares down on disappointing 'value-up' program
South Korean stocks closed lower Monday as investors dumped local shares on the government's weaker-than-expected plans to boost corporate value. The Korean won edged down against the US dollar. The benchmark Korea Composite Stock Price Index fell 20.62 points, or 0.77 percent, to close at 2,647.08, ending a two-day winning streak. Trade volume was heavy at 519.6 million shares worth 10.8 trillion won ($8.1 billion), with decliners sharply beating gainers 657 to 231. Institutions and individuals
Market Feb. 26, 2024
-
S. Korea to tighten export controls on Russia, Belarus
South Korea plans to tighten export controls on Russia and Belarus for items that can potentially be used for military purposes, the trade ministry said Monday. The announcement came after South Korea added 682 items with actual or potential military use to the list of items to be banned from shipping to Russia and Belarus last week. "The ministry will bolster the implementation of export controls under ties with related organizations, as there will be more attempts to dodge export controls
Foreign Affairs Feb. 26, 2024
-
Seoul shares open lower on profit-taking
South Korean stocks started lower Monday as investors sought profits after a recent rally. The benchmark Korea Composite Stock Price Index retreated 15.89 points, or 0.6 percent, to 2,651.81 in the first 15 minutes of trading. The main index rose for two straight sessions at the end of last week on the back of Nvidia-led gains in semiconductor shares. Market heavyweights led the negative opening. Top-cap Samsung Electronics fell 0.27 percent, and leading oil refinery SK Innovation slid 1.62 perc
Market Feb. 26, 2024
-
Trump could see trade deficit with S. Korea with 'concern' if reelected: US expert
Former President Donald Trump could view America's growing trade deficit with South Korea with "concern" if reelected, a prominent US expert has said, as his campaign proposal for new tariffs has raised worries among nations. Wendy Cutler, a vice president of the Asia Society Policy Institute and former negotiator of a South Korea-US free trade agreement, made the remarks during a press meeting, noting that Trump continues to place "such a big emphasis on trade deficits."
Foreign Affairs Feb. 26, 2024
-
S. Korea to offer tax incentives to boost value of listed firms
The financial regulator said Monday that it will work to incentivize efforts by local businesses to enhance their own value that will in turn lead to increased returns to investors. The move comes as part of efforts to end the "Korea Discount," where local shares are traded at prices lower than their fundamentals. A seminar, attended by Kim Joo-hyun, the head of the Financial Services Commission, was held on the day to discuss how to encourage local firms to improve their value. "
Politics Feb. 26, 2024
-
Hyundai, Kia's overseas car production tops 3.68m units in 2023: data
The combined overseas production of Hyundai Motor Co. and Kia Corp. surpassed 3.68 million units in 2023, setting the biggest offshore output since the outbreak of the COVID-19 pandemic, data showed Monday. According to data from the Korea Automobile Manufacturers Association, Hyundai Motor and Kia, South Korea's leading automakers, produced 3,678,831 finished vehicles at 13 overseas production bases last year. Hyundai produced 2,243,069 vehicles in eight countries -- the United States, Ind
Industry Feb. 26, 2024
-
Concerns over public health deepen as mass walkout by trainee doctors enters 7th day
Concerns over public health deepened Monday as surgeries were delayed or reduced as thousands of trainee doctors didn't come to work for the seventh day in a row in protest of the government's plan to boost the number of medical students. About 8,000 trainee doctors have left worksites to protest against the plan to admit 2,000 more students to medical schools next year from the current 3,058 seats to address a shortage of doctors. Adding to the chaos at hospitals, fellow doctors, who have been
Social Affairs Feb. 26, 2024
-
Hospitals experience disruptions on extended doctors' walkout
Major hospitals across the country continued to experience disruptions Saturday as thousands of trainee doctors remained off their jobs for the fifth consecutive day in protest against the government's plan to raise the medical school enrollment quota. Nearly 100 general hospitals have canceled or postponed nonessential procedures and turned away non-emergency patients, prioritizing service for severe emergency cases to minimize the growing strain on the medical system. As of Thursday night
Social Affairs Feb. 24, 2024
Most Popular
-
1
[Exclusive] Korean military set to ban iPhones over 'security' concerns
-
2
Korean, Romanian leaders discuss defense tech, nuclear energy
-
3
[Graphic News] 77% of young Koreans still financially dependent
-
4
S. Korea calls on Japan to confront history amid Yasukuni Shrine visit
-
5
Yoon’s jailed mother-in-law excluded from latest parole list
-
6
Hybe and Min Hee-jin, CEO of Hybe sublabel Ador, lock horns
-
7
[Pressure points] Leggings in public: Fashion statement or social faux pas?
-
8
Yoo Jae-suk, Yoo Yeon-seok team up in 'Whenever Possible'
-
9
Korea’s homegrown nanosatellite successfully launches into space
-
10
Aging population to drive down Korea's housing prices from 2040: experts