Articles by Yonhap
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S. Korea, African nations hold foreign ministers' meeting ahead of summit
South Korea and more than 40 African nations held a foreign ministerial meeting to discuss cooperation ahead of a leaders' summit later this week, Seoul's foreign ministry has said. The rare gathering on Sunday came as South Korea is set to host the first-ever Korea-Africa summit for Tuesday and Wednesday, bringing together the leaders of 25 of the 48 participating countries. The talks were led by Foreign Minister Cho Tae-yul and Mohamed Salem Ould Merzoug, his counterpart from Maurita
Foreign Affairs June 3, 2024
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Seoul shares open higher on rate-cut hopes
South Korean stocks got off to a strong start Monday as moderate US inflation raised hopes for a possible rate cut by the Federal Reserve. The benchmark Korea Composite Stock Price Index rose 33.76 points, or 1.28 percent, to 2,670.28 in the first 15 minutes of trading. The US personal consumption expenditures price index, excluding food and energy costs, increased 0.2 percent in April, meeting market expectations. The PCE index is one of the key barometers for the US central bank to set its ton
Market June 3, 2024
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Yoon to meet 10 African leaders ahead of Korea-Africa Summit
President Yoon Suk Yeol was set to have a series of meetings with leaders of 10 African nations Monday to discuss ways to expand cooperation on the eve of the first-ever Korea-Africa Summit, the presidential office said. Yoon will hold back-to-back meetings with leaders from Lesotho, Ivory Coast, Mauritius, Zimbabwe, Togo, Rwanda, Mozambique, Sao Tome and Principe, Guinea-Bissau and Cape Verde at the presidential office in Seoul. The leaders were in South Korea to attend the inaugural Korea-Afri
Foreign Affairs June 3, 2024
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N. Korea says it will stop sending trash-filled balloons, will resume if S. Korea sends leaflets
North Korea said Sunday it will temporarily stop sending trash-filled balloons across the border to South Korea, though it also threatened to resume such operations if Seoul sends more anti-Pyongyang leaflets. In a statement carried by the official Korean Central News Agency (KCNA), North Korean Vice Defense Minister Kim Kang-il claimed Pyongyang had sent 3,500 balloons, carrying 15 tons worth of debris, toward South Korea between Tuesday night and Sunday morning. Kim offered to temporarily halt
North Korea June 2, 2024
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KBO club Eagles hire Olympic gold medal-winning skipper Kim Kyung-moon as new manager
The Hanwha Eagles announced Sunday that Kim Kyung-moon, who led South Korea to the 2008 Olympic baseball gold medal, will be their new manager. The Eagles signed Kim to a three-year deal worth 2 billion won ($1.4 million), including a signing bonus of 500 million won. Kim's hiring comes six days after his predecessor, Choi Won-ho, resigned to take the fall for the team's struggles. Kim, 65, will be managing in the Korea Baseball Organization (KBO) for the first time since June 2018. Ki
Baseball June 2, 2024
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NSC expected to discuss resuming loudspeaker campaign over North's launch of trash-carrying balloons
The presidential National Security Council is expected to discuss a plan to resume propaganda campaigns via loudspeakers across the border with North Korea, in response to the North's launch of some 600 balloons carrying trash to the South, a source close to the matter said Sunday. The NSC meeting will be held Sunday afternoon and presided over by National Security Adviser Jang Ho-jin, according to the office of President Yoon Suk Yeol. Earlier in the day, South Korea's military said N
Defense June 2, 2024
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N. Korea sends some 720 more trash-carrying balloons to S. Korea, continues GPS jamming for 5 days
North Korea has sent around 720 more balloons carrying trash to South Korea and continued jamming GPS signals for five straight days against the South, Seoul's military said Sunday, as South Korea's presidential office was considering taking countermeasures. South Korea's Joint Chiefs of Staff said it has detected some 720 balloons that floated across the Military Demarcation Line separating the two Koreas and fell in different parts of the country between 8 p.m. Saturday and 1 p.m. Sunday. The
North Korea June 2, 2024
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Household loans from 5 major banks expand for 2nd consecutive month in May
Household loans extended by five major lenders in South Korea rose for the second straight month in May on a rise in mortgage and credit loans, industry data showed Sunday. Household loans extended by the five top lenders added 4.7 trillion won ($3.39 billion) from a month earlier to 702.7 trillion won as of end-May, according to data compiled by Yonhap News Agency. It marked the second consecutive on-month growth from 4.4 trillion won in April, following a 2.2 trillion-won drop in March. The ga
Economy June 2, 2024
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N. Korea sends some 90 balloons carrying trash to S. Korea: Seoul's military
North Korea sent around 90 balloons carrying trash to South Korea on Saturday, Seoul's military said, after it launched hundreds of similar balloons across the inter-Korean border earlier this week. As of 11 p.m., the Joint Chiefs of Staff said it had detected around 90 balloons that floated across the Military Demarcation Line separating the two Koreas and fell in Seoul and Gyeonggi Province. The North appears to have started sending the balloons at around 8 p.m., with the fallen balloons
Defense June 1, 2024
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Seoul envoy lambasts N.Korea satellite launch as 'one of the most expensive fireworks'
South Korea's top envoy to the UN denounced North Korea's failed satellite launch this week as "one of the most expensive fireworks" on Friday, stressing that it has used its scarce resources for the launch despite persistent food shortages. Ambassador Hwang Joon-kook made the remarks as the UN Security Council (UNSC) held an open meeting to discuss the North's launch of the satellite on Monday, which Seoul, Washington and others criticized as a violation of UNSC resolut
North Korea June 1, 2024
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NewJeans makes Billboard's 21 Under 21 list for 2024
South Korean girl group NewJeans has been named the only K-pop artist on Billboard's 21 Under 21 list for 2024. The list, released on May 31 (US time), honors the most influential young artists under the age of 21 in the music industry, based on album and song sales, streaming numbers, as well as overall influence within the industry. Billboard noted, "NewJeans has established a singular presence in K-pop since debuting just two years ago," highlighting its remarkable achievements
K-pop June 1, 2024
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N. Korea continues GPS jamming attack for 4th day
North Korea attempted to jam GPS signals near the western sea border for the fourth consecutive day Saturday, the South's military said. The military detected the jamming signals directed toward the islands near the Northern Limit Line in the Yellow Sea, the de facto western maritime boundary between the two Koreas, starting at about 6 a.m., according to a South Korean military official. The latest attempt has not hindered any military operations, the official said, although similar recent
North Korea June 1, 2024
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Exports extend gains to 8th straight month in May
South Korea's exports extended on-year gains to the eighth straight month in May on the back of strong shipments of semiconductors, data showed Saturday. Outbound shipments rose 11.7 percent on-year to $58.1 billion last month, according to the data compiled by the Ministry of Trade, Industry and Energy. Imports shed 2 percent on-year to $53.1 billion last month, resulting in a trade surplus of $4.96 billion. South Korea has been maintaining a trade surplus for 12 consecutive months. It was
Economy June 1, 2024
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S. Korea, US, Japan condemn N.Korea launches, reaffirm peninsula denuclearization goal
Senior diplomats of South Korea, the United States and Japan "strongly" condemned North Korea's recent satellite and missile launches, and reaffirmed their commitment to the "complete" denuclearization of the Korean Peninsula as they held trilateral talks in Virginia on Friday. US Deputy Secretary of State Kurt Campbell, South Korean Vice Foreign Minister Kim Hong-kyun and Japanese Vice Foreign Minister Masataka Okano issued a joint statement after the meeting at Campbell's p
North Korea June 1, 2024
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10 countries, EU voice 'resolute' opposition to NK-Russia arms transfers
Ten countries, including South Korea, and the European Union (EU) expressed firm opposition Friday to the expanding arms transfers between North Korea and Russia, urging the two countries to stop the illegal activities meant to aid Moscow's war in Ukraine. The countries made the call in a joint statement released under the names of their foreign ministers, affirming that the recent sanctions designated by each country in relation to the suspected arms deals represent "a coordinated eff
World News May 31, 2024
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