Articles by Yonhap
Yonhap
Yonhap-
S. Korea held by Thailand in World Cup qualifying match at home
South Korea settled for a 1-1 draw against Thailand in their latest World Cup qualifying match at home Thursday, a disappointing result coming on the heels of off-field controversy for the national team. Captain Son Heung-min scored in the 42nd minute but Suphanat Mueanta had the answer for Thailand in the 61st minute at Seoul World Cup Stadium in Group C action of the second round in the Asian Football Confederation (AFC) qualification for the 2026 FIFA World Cup. South Korea, world No. 22, s
Soccer March 21, 2024
-
FM says S. Korea can negotiate defense cost sharing with US on 'favorable conditions'
South Korea should be able to engage in negotiations on defense cost-sharing with the United States under "favorable conditions," its top diplomat said Thursday, promising efforts to ensure the new deal will be reached at a reasonable level. Foreign Minister Cho Tae-yul made the remarks as the allies are expected to soon launch the negotiations on determining Seoul's share of the costs for the upkeep of the 28,500-strong US Forces Korea. The two countries announced their respect
Foreign Affairs March 21, 2024
-
Korean Air to sign $13.7 bln deal to buy 33 Airbus A350 jets
Korean Air Co., South Korea's No. 1 flag carrier, said Thursday it plans to sign a $13.7 billion deal with Airbus to buy 33 units of its latest A350 series aircraft. The company said the deal, which includes 27 A350-1000s and six smaller-sized A350-900s, will be clinched to supplement its long-term fleet operations as it retires its older aircraft. The A350-1000 is the largest in the A350 family, accommodating up to 410 passengers, and uses advanced composite materials to reduce fuel cons
Industry March 21, 2024
-
Samsung Display to pay out dividends for 1st time
Samsung Display Co. said Thursday it will pay out dividends for the first time since its establishment in 2012, a move that will lead its parent company Samsung Electronics Co. to receive about 5.6 trillion won ($4.2 billion) in dividends. At a shareholders' meeting Tuesday, Samsung Display decided to deliver 25,400 won per share in dividends totaling 6.65 trillion won, the company said in a regulatory filing. Samsung Electronics is the top shareholder of Samsung Display with an 84.8 perc
Companies March 21, 2024
-
Police officer arrested on suspicion of leaking drug probe info over late actor Lee Sun-kyun
A police officer was arrested Thursday for allegedly leaking information on a drug probe into late actor Lee Sun-kyun, who took his own life late last year, police said. The Gyeonggi Nambu Provincial Police's anti-corruption and financial crime unit arrested the officer at the Incheon Metropolitan Police Agency earlier in the day on suspicion of leaking a report on the investigation regarding Lee, according to investigative officials. In January, police began looking into how the informat
Social Affairs March 21, 2024
-
S. Korean shares jump over 2% on hopes for US rate cuts; won sharply up
South Korean shares rallied by more than 2 percent Thursday amid growing hopes for US rate cuts in the near future. The local currency also rose sharply against the US dollar. The benchmark Korea Composite Stock Price Index surged 64.72 points, or 2.41 percent, to close at 2,754.86, the highest in nearly two years since April 5, 2022 when the index closed at 2,759.20. Trade volume was heavy at 811.8 million shares worth 13.8 trillion won ($10.4 billion), with gainers outnumbering losers 655 to 2
Market March 21, 2024
-
S. Korea, US stage urban warfare drills in border city
South Korea and the United States were staging combined urban combat training this week to bolster their readiness against threats in urban areas and underground facilities, Seoul's Army said Thursday. The five-day Army exercise kicked off at an urban operations training ground in the border city of Paju, 37 kilometers northwest of Seoul, on Monday. The exercise mobilized some 400 troops, including soldiers from the South's 9th Infantry Division, a US infantry platoon and other units,
Defense March 21, 2024
-
1 S. Korean dead, 1 missing after chemical tanker capsizes off western Japan
A South Korean chemical tanker has capsized off Japan's west coast, leaving one South Korean dead and another missing, officials said. Eight of the 11 crew members on board the Keoyoung Sun vessel died after it capsized in waters near an island off the city of Shimonoseki in the Yamaguchi Prefecture on Wednesday, Seoul's foreign ministry and Japanese news outlets said, citing Japan's coast guard officials. The crew members included two South Koreans, including the captain, as well
Social Affairs March 21, 2024
-
Seoul shares open sharply higher on hopes for US rate cuts
South Korean stocks opened sharply higher Thursday following record-high finishes on Wall Street afforded by hopes for US rate cuts this year. The benchmark Korea Composite Stock Price Index added 37.38 points, or 1.39 percent, to 2,727.52 in the first 15 minutes of trading. The US Federal Reserve kept its policy rate intact for a fifth consecutive session Wednesday at the 5.25 to 5.50 percent range but signaled as many as three rate cuts within the year. The Dow Jones Industrial Average climbed
Market March 21, 2024
-
US unveils some $20 billion in grants, loans to Intel
The White House announced a plan Wednesday to award Intel Corp. nearly $20 billion in grants and loans, marking the Joe Biden administration's largest funding scheme under its initiative to strengthen domestic semiconductor production. The Department of Commerce has reached a preliminary agreement with Intel to provide up to $8.5 billion in grants and $11 billion in loans under the CHIPS and Science Act, it said, as South Korea's Samsung Electronics Co. and Taiwan Semiconductor Manufac
World Business March 21, 2024
-
US Fed keeps key rate unchanged for 5th straight time, signals 3 rate cuts this year
The US Federal Reserve on Wednesday held its benchmark lending rate steady for a fifth consecutive time and signaled that it could lower the rate three times this year in line with policymakers' previous projections. After the two-day Federal Open Market Committee meeting, the central bank announced its decision to maintain the rate in the 5.25 to 5.50 percent range. FOMC members' latest median economic projections showed that the federal funds rate would be cut to 4.6 percent at the e
World Business March 21, 2024
-
US must continue to invest in 28,500 American troops in S. Korea: USFK commander
The commander of US Forces Korea emphasized the need Wednesday to continue to invest in 28,500 American service members in South Korea through various training programs to defend South Korea against evolving North Korean threats. Gen. Paul LaCamera made the remarks amid lingering concerns that should former President Donald Trump return to the White House, he could consider reducing the USFK troop level, though the current level is stated in the US National Defense Authorization Act. Those conce
Foreign Affairs March 21, 2024
-
Yoon vows to improve conditions for family business succession
President Yoon Suk Yeol vowed Wednesday to improve the conditions for family business successions as he lamented local conglomerates' reluctance to grow their value out of fear of having to pay a larger inheritance tax. Yoon made the promise during a special lecture marking the 51st Commerce & Industry Day in front of some 1,000 people, including the chief executives of large family-run conglomerates, such as Samsung Electronics, Hyundai Motor Group and LG Group. "Many companies
Economy March 20, 2024
-
Seoul shares soar over 1% on Samsung
South Korean shares closed more than 1 percent higher Wednesday on a rally in top cap Samsung Electronics and before the results of the Federal Reserve's rate-setting meeting. The local currency stayed unchanged against the US dollar. The benchmark Korea Composite Stock Price Index surged 33.97 points, or 1.28 percent, to close at 2,690.14. Trade volume was heavy at 710 million shares worth 12.6 trillion won ($9.3 billion), with gainers outnumbering losers 481 to 380. Foreign investors turn
Market March 20, 2024
-
2 missing after S. Korean chemical tanker capsizes off western Japan
A South Korean chemical tanker capsized off Japan's west coast Wednesday, leaving two crew members missing, Japan's coast guard officials said. The Keoyoung Sun vessel, carrying 11 crew members, made the distress call to the Japanese Coast Guard at around 7 a.m., reporting that it was tilting in waters near an island of the Shimonoseki city in the Yamaguchi Prefecture. Of the 11 crew members on board -- two South Koreans, eight Indonesians and one Chinese -- nine have been rescued and
Social Affairs March 20, 2024
Most Popular
-
1
Tensions heighten ahead of first president-opposition chief meeting
-
2
Seoul to provide housing subsidy to married couples with newborns
-
3
[KH Explains] No more 'Michael' at Kakao Games
-
4
Rapper jailed after public street fight with another rapper
-
5
Woman gets suspended term for injuring boyfriend with knife
-
6
Samsung chief bolsters ties with Germany’s Zeiss
-
7
Nominee for chief of anti-corruption body pledges 'independence, effectiveness'
-
8
NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
-
9
Med schools expect 1,500+ new admission slots next year
-
10
KT launches new mobile plans for foreign residents