Articles by Yonhap
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Yoon to soon accept resignation of gender equality minister: officials
President Yoon Suk Yeol is expected to soon accept the resignation offer of Gender Equality Minister Kim Hyun-sook, officials said Tuesday. Kim offered to resign in September to take responsibility for the mismanagement of the 25th World Scout Jamboree the previous month but was retained pending a replacement. Yoon had tapped Kim Haeng, a former member of the ruling People Power Party's interim leadership panel, as the new gender minister, but she withdrew herself from consideration during
Politics Feb. 20, 2024
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Seoul shares close lower on profit-taking
South Korean stocks finished sharply lower Tuesday as investors locked in gains after a recent rally. The local currency also fell against the US dollar. The benchmark Korea Composite Stock Price Index lost 22.47 points, or 0.84 percent, to close at 2,657.79, ending a two-day winning streak. On Monday, the index finished at 2,680.26, the highest closing price since May 31, 2022, when it was 2,685.9. Trade volume was heavy at 596.3 million shares worth 9.7 trillion won ($7.2 billion), with losers
Market Feb. 20, 2024
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DP floor leader says democracy has regressed under Yoon govt., calls for support in general elections
Rep. Hong Ihk-pyo, the floor leader of the main opposition Democratic Party, said Tuesday that democracy has regressed under the government of President Yoon Suk Yeol, calling for voter support for the party in the April 10 parliamentary elections. Hong made the remarks during an address at the National Assembly as representative of the largest parliamentary negotiating bloc, asserting that the Yoon administration has failed to uphold fairness and common sense as previously promised. "In ju
Politics Feb. 20, 2024
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Seoul shares open lower on profit-taking
South Korean stocks started lower Tuesday as investors hunted for profits following a recent rally. The benchmark Korea Composite Stock Price Index retreated 9.74 points, or 0.36 percent, to 2,670.52 in the first 15 minutes of trading. The main bourse soared more than 1 percent Friday and Monday on the back of strong foreign buying. Market heavyweights traded in negative territory across the board. No. 1 memory chipmaker Samsung Electronics fell 0.41 percent, and leading battery maker LG Energy
Market Feb. 20, 2024
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Biden govt. announces potential $1.5 billion award to chipmaker GlobalFoundries
The US government announced a plan Monday to award roughly $1.5 billion to the New York-based chipmaker, GlobalFoundries, to strengthen domestic semiconductor production, drawing attention to its support plans for foreign firms like Samsung Electronics. The Joe Biden administration said that the Commerce Department and GF signed a non-binding preliminary memorandum of terms to provide the proposed funding under the CHIPS and Science Act to support "significant capacity expansion" and t
World News Feb. 20, 2024
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With swimming world title in tow, Kim Woo-min confident he can go faster
South Korean swimmer Kim Woo-min has been improving his personal best times in the 400-meter freestyle at an impressive rate. The 22-year-old isn't about to stop, not with the Olympics on the horizon. Kim arrived back home Monday evening from Qatar, where he won the men's 400-meter freestyle gold medal at the World Aquatics Championships with a personal-best time of 3:42.71. He also helped South Korea capture silver in the men's 4x200m freestyle relay. In the 400m freestyle, Kim s
More Sports Feb. 19, 2024
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Swimming world champion Hwang Sun-woo eyes Olympic medals
One by one, South Korean swimmer Hwang Sun-woo has been crossing things off his to-do list. Next up for the freshly minted world champion in the men's 200-meter freestyle will be an Olympic medal -- or make that medals. Hwang returned home Monday after grabbing two medals at the World Aquatics Championships in Qatar earlier this month. First, he won the 200m freestyle gold medal for his first world title and his third career medal from the competition. Then he capped it off by anchoring Sou
More Sports Feb. 19, 2024
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S. Korea, Netherlands launch semiconductor dialogue
South Korea and the Netherlands on Monday launched a dialogue on the semiconductor industry in an effort to boost bilateral cooperation on the advanced sector, the industry ministry here said. The two nations held the inaugural meeting of the director-level Korea-Netherlands Semiconductor Dialogue in the Dutch city of Eindhoven on the day, according to the Ministry of Trade, Industry and Energy. The meeting was held as the two sides agreed in December to establish a working-level dialogue channe
Foreign Affairs Feb. 19, 2024
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Yoon calls for utmost efforts to protect people's lives amid threat of doctors' walkout
President Yoon Suk Yeol called on the government Monday to make utmost efforts to protect the people's lives and health amid a looming walkout by doctors protesting a planned increase in the medical school enrollment quota, his office said. Yoon issued the call during his weekly meeting with Prime Minister Han Duck-soo, according to presidential spokesperson Kim Soo-kyung. "Please make utmost efforts in the response to protect the people's lives and health," he was quoted as
Politics Feb. 19, 2024
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Trainee doctors take collective action against gov't medical policy
Trainee doctors began submitting their letters of collective resignation Monday in protest against the government's plan to boost the number of medical students, while the health ministry ordered all of them to keep providing medical treatment. Worries mounted as doctors warn of a large-scale strike and other responses in opposition to the government's decision to add 2,000 to the country's medical school enrollment quota next year, marking a sharp rise from the current 3,058 seat
Social Affairs Feb. 19, 2024
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Seoul shares spike over 1% on foreign buying binge
South Korean stocks rose more than 1 percent higher for the second straight session Monday on the back of a foreign buying spree. The local currency slightly increased against the US greenback. The benchmark Korea Composite Stock Price Index added 31.5 points, or 1.19 percent, to close at 2,680.26, following a 1.34 percent jump Friday. Trade volume was slim at 413.7 million shares worth 9.6 trillion won ($7.2 billion), with gainers beating decliners 617 to 261. Foreigners were net buyers with 60
Market Feb. 19, 2024
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Health ministry orders all trainee doctors to keep providing medical treatment
The health ministry on Monday ordered all trainee doctors to keep providing medical treatment, as they moved to submit their letters of collective resignation in protest against the government's plan to boost the number of medical students. "From now on, the government issues an order for the provision of medical treatment to be maintained by the trainee doctors at all 221 training hospitals nationwide," Second Vice Health Minister Park Min-soo told reporters. Park strongly criticized
Social Affairs Feb. 19, 2024
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N. Korea touts sole leadership system on key anniversary
North Korea called Monday for loyalty to its leader Kim Jong-un and touted the monolithic leadership system as it marked the 50th anniversary of the announcement of the country's key guiding principle. In an editorial piece, the Rodong Sinmun, the North's main newspaper, highlighted late leader Kim Jong-il's announcement in 1974 of the monolithic ideological principle of "Kimilsungism." "The sole leadership system bolsters our revolution and is also the dignity and
North Korea Feb. 19, 2024
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S. Korea finishes swimming world championships with record 5 medals
South Korea has finished the 2024 World Aquatics Championships in Qatar with a record five medals, nearly matching the total it had won at all previous competitions combined. With three medals from swimming and two more from diving, South Korean athletes set themselves up nicely for the Paris Olympics this summer. Prior to the Feb. 2-19 competition in Doha, South Korea had won six medals at all previous world championships. In collecting a handful of medals in Qatar, South Korean athletes also m
More Sports Feb. 19, 2024
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Govt. to fully allow telemedicine services in case of doctors' collective action: PM
Prime Minister Han Duck-soo said Monday that the government will fully expand telemedicine services if doctors walk off their jobs in protest of the government's plan to increase medical school admissions. Thousands of trainee doctors, such as residents at Seoul's five major general hospitals, were poised to submit their resignations en masse later Monday, raising concerns it would cripple hospital operations and patient care. The envisioned collective action is part of a protest again
Social Affairs Feb. 19, 2024
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