Articles by Yonhap
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Seoul shares open higher on techs, cars, following holiday break
South Korean stocks started higher Monday following a three-day break including the weekend on the back of robust gains from tech and automobile shares. The benchmark Korea Composite Stock Price Index added 30.66 points, or 1.16 percent, to 2,673.02 in the first 15 minutes of trading. Tech shares led the overall gains, with Samsung Electronics rising 1.36 percent and No. 2 chipmaker SK hynix climbing 4.03 percent. Leading carmaker Hyundai Motors added 1.2 percent, and its smaller rival Kia Motor
Market March 4, 2024
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S. Korea, US begin key annual military drills amid NK threats
South Korea and the United States kicked off a major combined military exercise Monday to reinforce deterrence against North Korea's nuclear and missile threats amid concern Pyongyang could use the maneuvers as a pretext for provocations. The annual Freedom Shield exercise got under way for an 11-day run amid heightened tensions over Pyongyang's continued saber-rattling, including artillery firings near the western sea border and a series of missile launches. The springtime exercise ma
Defense March 4, 2024
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Son Heung-min scores 1st Premier League goal in 2 months
Tottenham Hotspur captain Son Heung-min has scored his first Premier League goal in two months. Son scored the team's third goal in the 88th minute of their 3-1 win over Crystal Palace at Tottenham Hotspur Stadium in London on Saturday. After pouncing on the loose ball in the opponent territory just past the halfway line, Son went on a mad dash toward the box and fired a right-footed shot into the bottom right corner for his team-leading 13th marker of the campaign. It was Son's first
Soccer March 3, 2024
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S. Korea's 1st spy satellite transmits 'good-resolution' images of central Pyongyang
South Korea's first military spy satellite has successfully transmitted "good-resolution" images of central Pyongyang back home following the satellite's launch in December, military sources said Sunday. The first indigenous South Korean military spy satellite was placed into orbit from Vandenberg Space Force Base in California on Dec. 2, allowing South Korea to independently gain satellite imagery on the North Korean military and leadership. According to the sources, the ele
Defense March 3, 2024
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KEPCO, Korea Gas report combined liabilities of nearly W250tr last year: data
Korea Electric Power Corp. and Korea Gas Corp., two major state-run companies, have reported combined liabilities of nearly 250 trillion won ($187.1 billion) as of end-2023 due to hikes in global energy prices, data showed Sunday. KEPCO has said in a regulatory filing its total debt reached 202.4 trillion won last year, up 9.6 trillion won from a year earlier. Korea Gas' total debt came to 47.4 trillion won, down from 52 trillion won in 2022, according to the company's regulatory filin
Economy March 3, 2024
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US investigations into F-16 crashes in S. Korea ongoing amid public safety concerns
The US military's investigations into three recent F-16 fighter jet crashes in South Korea remain ongoing, a US Air Force official has said, as safety concerns remain unabated over the series of crashes. Last May, a US F-16 crashed in Pyeongtaek, 60 kilometers south of Seoul, followed by another crash into the West Sea in December and a third one into the waters in January. All three pilots from the crashes ejected from the aircraft and were rescued. Ten months on since the May crash, its c
Defense March 3, 2024
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Ex-PPP leader to run for seat in less conservative Hwaseong city
Lee Jun-seok, leader of the newly launched New Reform Party, said Saturday that he will run for a parliamentary seat representing a constituency in Hwaseong, a metropolitan city near Seoul considered traditionally a liberal stronghold. Lee, a former leader of the ruling conservative People Power Party, made the announcement in a Facebook post that he will run for the constituency that covers Dongtan 2 New Town in the upcoming April 10 elections. "Hwaseong is a difficult area for conservativ
Politics March 2, 2024
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1 crew member missing from capsized fishing boat off Jeju found dead
One of the two crew members missing from the fishing boat that capsized off the southern island of Jeju the previous day was found dead, the Coast Guard said Saturday. The body of the crew member was discovered at around 12:30 p.m. in waters about 22 kilometers away from the accident site by a fishing boat that was helping with the rescue work, the Jeju Coast Guard officials said. Officials later identified the body as one of the two fishermen, in his 50s, who went missing after the boat overtur
Social Affairs March 2, 2024
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Tensions loom as doctors plan mass rally in deepening clash over med school quota
Tensions were rising Saturday as defiant doctors were set to hold a mass rally over the weekend in protest against the government plan to increase medical school admissions, with no sign of a breakthrough amid growing risks of a major medical disruption. The Korea Medical Association, the largest doctors' lobby group, plans to stage a large demonstration in western Seoul on Sunday in a show of resistance against the government's plan to add 2,000 more seats to the medical school admission quota
Social Affairs March 2, 2024
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'Exhuma' tops 5 mln admissions in 10 days since release
Director Jang Jae-hyun's occult flick "Exhuma" continues its strong box-office performance, surpassing 3 million cumulative viewers in just one week since its release. According to the distributor Showbox on Saturday, the supernatural thriller topped 5 million cumulative viewers earlier in the day, becoming the most-viewed film released this year. Starring Choi Min-sik and Kim Go-eun, it follows two shamans, a feng shui expert and a mortician, who team up to get to the bottom of a
Film March 2, 2024
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DP leader Lee retains ticket to his constituency for April elections
The main opposition Democratic Party (DP) leader Lee Jae-myung retained the ticket as the party's single candidate to his constituency for the upcoming April 10 elections, the party announced Saturday. The DP's nomination committee made the announcement as it unveiled the decisions on the candidate nominations for seven other constituencies, with about a month left before the parliamentary votes expected to serve as a political litmus test for the Yoon Suk Yeol government. The announce
Politics March 2, 2024
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S. Korea takes part in multinational drills in Thailand
South Korea's Navy and Marine Corps joined the United States and Thailand in a large-scale annual multinational exercise in the Southeast Asian country to enhance amphibious landing capabilities and humanitarian operations, officials said Saturday. The Cobra Gold exercise took place on a coastal area in Thailand on Friday, involving three landing ships of the South Korean Navy, including the 4,900-ton No Jeok Bong vessel, six armored vehicles, F-16 fighter jets and C-130 transport aircraft,
Defense March 2, 2024
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S. Korea's meat consumption exceeds rice intakes for 2nd year
South Koreans' meat consumption exceeded rice intakes for a second consecutive year, a report showed Saturday. According to the report by the state-run Korea Rural Economic Institute, the country's per-capita meat consumption was estimated at 60.6 kilograms last year, up 1.3 percent from the previous year's 59.8 kg. Last year's meat consumption was higher than per-capita rice intake of 56.4 kg, according to the report. The report said the meat consumption will rise to 61.4 kg
Consumer March 2, 2024
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Poland preparing technical inspection at diplomatic mission in N. Korea: VOA
Poland is in talks with North Korea to conduct a technical inspection at its diplomatic mission in Pyongyang, a US news outlet reported Saturday, after a few other European countries have taken similar steps amid prospects of reopening the missions in the North after years of the pandemic-driven shutdown. Poland is "discussing with the DPRK authorities a suitable time for both sides to conduct a technical mission in Pyongyang," the Voice of America reported, citing a written comment fr
North Korea March 2, 2024
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Fishing boat capsizes off Jeju; 1 dead, 2 missing
SEOGWIPO -- A fishing boat with 10 crew members on board capsized off the southern island of Jeju on Friday, leaving one of them dead and two others missing, the Coast Guard said. Five South Korean and five Vietnamese were aboard the 33-ton vessel when it overturned in waters about 12 nautical miles off the city of Seogwipo at 7:24 a.m., Coast Guard officials said. Eight crew members -- three South Koreans and five Vietnamese -- were rescued by a nearby fishing boat, but one of them, a South K
Social Affairs March 1, 2024
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