Articles by Yonhap
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Seoul shares open lower on Wall Street losses
Seoul shares got off to a weak start Friday on overnight losses on Wall Street. The benchmark Korea Composite Stock Price Index fell 23.81 points, or 0.84 percent, to 2,800.54 in the first 15 minutes of trading. Overnight, Wall Street shares tumbled as a weeklong decline in tech and chip stocks expanded to other blue chips. The S&P 500 and Nasdaq composite dropped 0.78 percent and 0.7 percent, respectively, and the Dow Jones Industrial Average slumped 1.29 percent. In Seoul, most blue chips
Market July 19, 2024
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N. Korean leader discusses military ties with visiting Russian vice defense minister
North Korean leader Kim Jong-un has discussed the "importance and necessity" of military cooperation with Russia's vice defense minister, state media reported Friday, amid Pyongyang's deepening military alignment with Moscow. Kim met with a Russian military delegation, headed by Aleksey Krivoruchko in Pyongyang on Thursday, according to the Korean Central News Agency (KCNA). He has become the first known ranking Russian military official to visit North Korea since Russian Pre
North Korea July 19, 2024
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S. Korean military resumes loudspeaker broadcasts near border in response to NK balloons
South Korea's military conducted propaganda loudspeaker broadcasts toward North Korea in response to its latest launch of trash-carrying balloons into the South, the Joint Chiefs of Staff said Friday. The broadcasts took place from Thursday evening to early Friday in areas near where the balloons were launched, the JCS said in a notice to reporters. It did not provide further details. "The military's response going forward will fully depend on North Korea's actions," the
Defense July 19, 2024
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S. Korea, Canada agree to enhance regional security, economic cooperation
Top diplomats of South Korea and Canada held talks Thursday to discuss ways to expand cooperation in regional security, the economy, technology and other areas, Seoul's foreign ministry said. During the meeting, Foreign Minister Cho Tae-yul and his Canadian counterpart, Melanie Joly, adopted an "action plan" to further develop the comprehensive partnership in broad areas encompassing security, the economy, supply chains, technology, health and climate change. Cho and Joly vowed to
Foreign Affairs July 18, 2024
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Hospitals process resignations of nearly 7,700 trainee doctors
Local training hospitals have completed processing the resignations of nearly 7,700 trainee doctors who have left their posts over the past five months to protest the medical school quota hike, the health ministry said Thursday. According to data compiled by the Ministry of Health and Welfare, 56.5 percent of the 14,531 trainee doctors expressed their intention to leave since they left their hospitals in late February. As 7,707 candidates have applied for the training program starting in Septemb
Social Affairs July 18, 2024
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PM 'not concerned' about impact of Trump reelection on S. Korea-US relations
Prime Minister Han Duck-soo said Thursday he is not concerned about the impact Donald Trump's potential reelection as US president could have on South Korea-US relations, given the American people's strong support for the alliance. Han made the remark during a meeting with reporters at the government complex in the central city of Sejong amid speculation the Republican presidential nominee could threaten to reduce the US troop presence in Korea or raise trade barriers against the Asian
Politics July 18, 2024
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N. Korea resumes sending trash-carrying balloons into S. Korea: JCS
North Korea has again launched balloons presumed to be carrying trash toward South Korea, the Joint Chiefs of Staff said Thursday. The JCS said the balloons appeared to be travelling toward the northern part of Gyeonggi Province that surrounds Seoul. It advised the public to not touch fallen balloons and report them to the military or police. North Korea is estimated to have launched more than 2,000 trash-carrying balloons since late May in a tit-for-tat move against anti-Pyongyang leaflets sent
North Korea July 18, 2024
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Seoul shares fall over concerns of potential US-China chip row
Seoul shares retreated Thursday led by tech stocks over concerns that the United States may tighten chip sales to China. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index (Kospi) shed 18.67 points, or 0.67 percent, to close at 2,824.35. Trade volume was slightly heavy at 632.9 million shares worth 15.1 trillion won ($10.9 billion), with losers outnumbering winners 602 to 275. Foreign investors dumped local shares worth 381 billion won, while retail in
Market July 18, 2024
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Czech bid paves way for S. Korea's advance into nuclear energy market in Europe: industry minister
South Korean Industry Minister Ahn Duk-geun said Thursday that the country's recent winning of a nuclear power project in the Czech Republic will pave the way for its active advance into the broader European nuclear energy market. On Wednesday, the state-run Korea Hydro & Nuclear Power was selected as a preferred bidder to build two reactors at the Dukovany power plant by beating France's EDF. "We were able to secure a bridgehead to export nuclear reactors to Europe, which is
Economy July 18, 2024
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Prominent N. Korean defector named head of unification council
A prominent North Korean defector was named as the new head of the presidential advisory council on unification, the presidential office said Thursday. President Yoon Suk Yeol has tapped Tae Yong-ho, a former North Korean deputy ambassador to Britain, as the secretary general for the Peaceful Unification Advisory Council, chief of staff Chung Jin-suk said during a press briefing. Tae is the first North Korean defector to serve in the deputy ministerial post since the council was established in 1
Politics July 18, 2024
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N. Korea discharges border dam water without notice: environment ministry
North Korea appears to have started discharging water from the upstream of a dam near the inter-Korean border in the early hours of Thursday without giving prior notice to South Korea, the environment ministry said. Satellite imagery taken at 3 a.m. showed the downstream of the North's Hwanggang Dam on the Imjin River had broadened in width, a change not visible from photos taken at 10 p.m. Wednesday, according to the environment ministry. However, the amount of water released is not presum
North Korea July 18, 2024
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6 K-pop albums among top 10-selling CD albums in US in 1st half
K-pop albums have accounted for six of the 10 most-sold CD albums in the United States in the first half of this year The six albums were from boy groups Tomorrow X Together, Ateez, Stray Kids, Enhypen, and Seventeen, plus girl group TWICE, according to the 2024 Midyear Music Report released Tuesday by Luminate, an American music and entertainment industry data research firm. Tomorrow X Together's sixth EP, "minisode 3: Tomorrow," was the second most-sold CD album, with 190,000 un
K-pop July 18, 2024
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Seoul shares open lower on Wall Street losses
Seoul shares opened lower Thursday as most blue chips retreated following weak overnight trading on Wall Street. The benchmark Korea Composite Stock Price Index fell 2.17 points, or 0.08 percent, to 2,863.92 in the first 15 minutes of trading. Overnight, Wall Street underwent stagnant trading over concerns of potentially worsening trade tensions between the United States and China, with chip shares taking heavy beatings. The S&P 500 and Nasdaq composite dropped 1.3 percent and 2.6 percent, r
Market July 18, 2024
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Torrential rain alerts issued across capital area; expressways in Seoul partly closed
Heavy downpours pelted the broader Seoul area and adjacent regions on Thursday, leading to the evacuation of hundreds of residents due to safety concerns and the cancellation of dozens of flights. Northern areas of Gyeonggi Province surrounding Seoul were among the hardest hit, including Paju near the inter-Korean border, which received hourly precipitation of 75.1 millimeters at one point early Thursday morning. The accumulated rain in the Paju areas from midnight to 6 a.m. reached as much as 1
Social Affairs July 18, 2024
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US lawmaker says Republicans are united, have 'high expectations' for Trump's victory
A Korean American congresswoman on Wednesday highlighted Republicans' "high expectations" for former President Donald Trump's victory in the November general election as she touched on the atmosphere of an ongoing GOP national convention in Wisconsin. In a phone interview with Yonhap News Agency, Rep. Michelle Park Steel (R-CA) noted a palpable sense of unity among party members at the Republican National Convention in Milwaukee, where Trump was formally nominated as the GOP
Foreign Affairs July 18, 2024
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