Articles by Yonhap
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Top 0.1 pct of wage earners in Seoul made average 1.4 bln won in 2022
The top 0.1 percent of wage earners in Seoul made an average of 1.4 billion won ($1.05 million) in 2022, triple the amount earned by the same cohort in Gangwon Province, data showed Sunday. According to the data compiled by the National Tax Service and released by Rep. Yang Kyung-sook of the main opposition Democratic Party, there were 6,213 people in the top 0.1 percent wage bracket in Seoul. The southern island of Jeju came second with 1 billion won, followed by Gyeonggi Province with 950 mill
Social Affairs Feb. 11, 2024
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N. Korea sets sights on Fourth Industrial Revolution technology
North Korea appears to be setting its sights on Fourth Industrial Revolution technology, such as artificial intelligence, in a bid to explore ways to expand its applications. The Rodong Sinmun, North Korea's main newspaper, reported Dec. 24 that global competition for science and technology has been intensifying, citing efforts to apply AI to the education sector and the increased use of virtual reality (VR) and augmented reality (AR) technology. The Korean Central Broadcasting Station, the
North Korea Feb. 11, 2024
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Unification minister vows to push for reunion of separated families despite N. Korean provocations
South Korea's point man on North Korea said Saturday the government will keep pushing for the reunion of families separated by the 1950-53 Korean War, saying Pyongyang's provocations will not deter Seoul's drive. Kim made the remark after attending an annual gathering of separated families and others who were born in North Korea but ended up south of the border following the war. To mark the Lunar New Year, they came to pay their respects to their ancestors and family members in N
North Korea Feb. 10, 2024
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US envoy for NK human rights to visit S. Korea, Japan this month
The US special envoy for North Korean human rights will visit South Korea and Japan this month to mark the 10th anniversary of the release of a landmark UN report on the North's rights violations, the State Department said Friday. Ambassador Julie Turner's two-nation trip from Monday through Feb. 22 comes as activists and government officials in Seoul and Washington have paid renewed attention to the 2014 UN Commission of Inquiry (COI) report that accused North Korean officials of &quo
North Korea Feb. 10, 2024
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S. Korea may face outflow of foreign investment if US delays rate cuts: report
South Korea may face an outflow of foreign investment from its financial market should the widely anticipated US rate cuts be further delayed, according to a report Saturday. The report from the Korea Center for International Finance (KCIF) noted that current conditions remained favorable for a steady rise in foreign investment, citing the upcycle in the semiconductor industry. "Favorable conditions for an inflow of foreign capital have been created for now, considering the shift in global
Economy Feb. 10, 2024
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Soju exports surpass $100 mln for 1st time in 10 yrs: data
Exports of soju, distilled Korean liquor, topped $100 million for the first time in 10 years in 2023, data showed Saturday. According to the Korea Customs Service, outbound shipments of soju reached $101.4 million in 2023, an increase of 8.7 percent from 2022. The last time soju exports surpassed $100 million was in 2013. Soju is a distilled liquor made of ethyl alcohol and water, with the addition of sweeteners. An industry source said soju sold overseas had been mostly consumed by South Korean
Industry Feb. 10, 2024
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Traffic building up on highways as people travel on Lunar New Year
Traffic on major highways began to build up across South Korea on Saturday morning as millions of people hit the road on the Lunar New Year. This year's holiday began Friday, marked by the traditional exodus of people from Seoul and its surrounding areas to their hometowns. On the second day of the long weekend Saturday, more people headed out of the capital region, while others were making their way back to Seoul. According to the state-run Korea Expressway Corp., a drive from Seoul to the
Social Affairs Feb. 10, 2024
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Smaller political powers agree to merge into new party ahead of general elections
Four political parties and factions led by politicians who have left the ruling People Power Party (PPP) and the main opposition Democratic Party (DP) have agreed to merge into one new party ahead of the April general elections, officials said Friday. The envisioned party, named the Reform Party, will be jointly led by former Prime Minister and DP leader Lee Nak-yon and former PPP leader Lee Jun-seok, according to the officials. Lee, the former DP leader, will lead the new party's election
Politics Feb. 9, 2024
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5.2m cars to hit the road on 1st day of Lunar New Year holiday
Some 5.2 million cars were expected to hit the road nationwide Friday, the first day of the Lunar New Year holiday, as people head to their hometowns. Among such cars, some 490,000 vehicles were expected to leave the greater Seoul area for provincial regions, while 370,000 cars were forecast to travel into the city, according to the Korea Expressway Corp. The agency expected traffic congestion on roads heading to provincial regions to have peaked between 11 a.m. and noon and to ease around 8 p.m
Social Affairs Feb. 9, 2024
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Yoon meets with street sweepers on Lunar New Year holiday
President Yoon Suk Yeol held a breakfast meeting with sanitation workers of a Seoul ward Friday to wish them a happy Lunar New Year and thank them for their hard work, his office said. During his meeting with street sweepers of Dongjak Ward in southern Seoul, Yoon asked them about their working conditions over bowls of "tteokguk," a soup made with rice cakes, often eaten on the holiday. Yoon thanked them for starting work in the early morning hours, even on holidays, and stressed that
Politics Feb. 9, 2024
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Industry ministry launches support group ahead of S. Korea-Africa summit in June
The industry ministry has launched a support group ahead of a summit between South Korea and African nations slated for June, aiming to enhance bilateral economic cooperation, according to officials Friday. The Korea-Africa Economic Cooperation Public-Private Support Group will make efforts to prepare for the upcoming summit that will pave the way for South Korea's deeper cooperation with the continent with a 1.4 billion population, according to the Ministry of Trade, Industry and Energy. &
Industry Feb. 9, 2024
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NK leader calls S. Korea 'primary foe,' vows to protect country with power
North Korean leader Kim Jong-un has again called South Korea the North's "primary foe" and vowed to guard the country through power rather than negotiations, state media said Friday. Kim's remarks came as the North has recently abandoned its decadeslong policy of seeking reunification with the South and called for codifying the commitment to "completely occupying" the South Korean territory in the event of war. "Defining the South Korean puppets as the most harmful prima
North Korea Feb. 9, 2024
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US expresses deep concern over Russia's reported move to release frozen NK assets
WASHINGTON -- A US State Department spokesperson expressed deep concern Thursday over a media report that Russia has allowed the release of millions of dollars in frozen North Korean assets and may be helping the North with access to international banking networks. The New York Times published the report this week, noting that Moscow's such assistance has come after the North's transfer of weapons to Russia for use in Ukraine. "Of course, it is something that we're deeply con
North Korea Feb. 9, 2024
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S. Korea joins elephant walk during US-led multinational air exercise
South Korea has been conducting a US-led multinational air exercise, along with four other nations, in Guam since earlier this month to enhance joint operability, the Air Force said Friday. The annual Cope North exercise has been taking place at the Andersen Air Force Base in Guam since Monday, involving more than 80 military aircraft and some 3,000 troops from six countries, including Japan, Australia, France and Canada. On the first day, a coalition of 33 aircraft, involving South Korea's
Defense Feb. 9, 2024
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Govt. mandates 'holdback period' for govt.-funded films
The culture ministry has recently mandated films receiving government funding must wait a certain period after their silver screen debut before becoming available on IPTVs and streaming platforms. The so-called holdback period was specified as a condition for new Korean films receiving government funding in a public notice posted on Jan. 31 for the funding program, ministry officials said Friday. Details of the holdback period have yet to be disclosed. However, officials said the ministry intend
Culture Feb. 9, 2024
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