Articles by Yonhap
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N. Korea slams US, other countries for seeking alternative to UN sanctions monitoring panel
North Korea on Sunday denounced the United States and other countries for seeking an alternative to the United Nations monitoring panel that enforced sanctions against Pyongyang, saying that such a move will be doomed to face "self-destruction." North Korean Ambassador to the UN Kim Song issued a statement condemning Seoul, Washington, Tokyo and 47 other countries for jointly calling for "objective" and "independent" analysis regarding the enforcement of anti-North
North Korea May 5, 2024
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Combined operating profit of 7 TV home shopping channels plunges 39.6 pct last year
Seven channels selling goods on television in South Korea saw their combined operating profit plunge 39.6 percent on-year in 2023, according to industry data Sunday, hurt by intense competition with social media and livestreaming platforms. The combined operating profit of the seven TV home shopping channels stood at 327 billion won (US$241 million) last year, compared with a combined profit of 541.1 billion won in 2022, according to the data released by the Korea TV Homeshopping Association. It
Consumer May 5, 2024
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S. Korea, China, Japan in talks to hold trilateral summit May 26-27: official
South Korea is in final consultations with China and Japan to hold a long-stalled trilateral summit of their leaders on May 26 and 27, according to the foreign ministry on Saturday. "South Korea, Japan and China agreed to hold the summit at the earliest date convenient for all sides," an official at the ministry said. "We have been in consultations with Japan and China as the current chair country." Japanese Prime Minister Fumio Kishida and Chinese Premier Li Qiang are expect
Foreign Affairs May 4, 2024
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Police tracking down bomb threat on public facility
South Korean police on Saturday were searching for the individual who sent an email threatening to detonate bombs at a public facility on Children's Day. Police said they received a report from a local news outlet about the email, which detailed plans to place "high-performance bombs in public facilities in Korea, where many children visit," on Sunday. Written in English, the email declared the bombs would go off Sunday, describing the act as retaliation against U.S. President Joe
Social Affairs May 4, 2024
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Man arrested while threatening woman with weapon in Gangnam
A man in his 40s was arrested by police while threatening a woman with a weapon in Seoul's southern district of Gangnam on Saturday morning, officials said. Police said they dispatched officers to the scene after receiving an emergency report that a man is holding a woman hostage in a store selling household items near Gangnam Subway Station at about 9:30 a.m., and the officers arrested the suspect about 25 minutes later. The victim is known to have been safely rescued. Police said they wer
Social Affairs May 4, 2024
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Missing S. Korean traveler in Paris found safe after 2 weeks
A South Korean reported to have been missing for over two weeks while traveling in Paris was found alive and unharmed, ministry officials said Saturday. The South Korean Embassy in France said they were able to identify the whereabouts of the missing 30-year-old male, identified only as Kim. He is reportedly safe, the embassy said, though it did not provide further details as per the family's request. Kim flew into France from India around April 17 but disappeared on April 19, a day after m
Foreign Affairs May 4, 2024
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Marine Corps commander summoned by CIO for questioning on alleged influence-peddling case
The anti-corruption investigation office was questioning the commander of the Marine Corps on Saturday as part of a probe into an alleged influence-peddling case related to the death of a young Marine last year, officials said. Marine Corps Commandant Lt. Gen. Kim Kye-hwan appeared at the Corruption Investigation Office for High-ranking Officials (CIO) in Gwacheon, south of Seoul, Saturday morning, while remaining tight-lipped when reporters asked him questions. Kim is suspected of being involve
Social Affairs May 4, 2024
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Defense chiefs of US, Australia, Japan decry NK-Russia military cooperation
The defense chiefs of the United States, Australia and Japan denounced growing military cooperation between North Korea and Russia, including their weapons transactions, during their trilateral talks in Hawaii this week, according to a joint statement released Friday. US Secretary of Defense Lloyd Austin and his Australian and Japanese counterparts, Richard Marles and Minoru Kihara, held the meeting on Thursday to discuss a range of regional and global issues, including North Korea, Russia'
Defense May 4, 2024
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US announces extension on graphite use for EV tax credits through 2026
The US government announced a decision Friday to extend tax credits for electric vehicles containing Chinese graphite until the end of 2026 -- an extension that followed a demand from EV manufacturers. On the Federal Register, the Treasury Department posted the final rules on the clean energy vehicle provisions of the Inflation Reduction Act that included the temporary exemption of graphite from rules on the use of minerals from "foreign entities of concern," including from China, Russ
Economy May 4, 2024
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S. Korea, US share need for joint response to China's solar panel excess capacity
Senior diplomats from South Korea and the United States discussed the need for a joint response to potential ramifications from overcapacity in China's solar industry during their talks on energy security in Houston, Texas this week, a Seoul official said Friday. South Korea's Deputy Foreign Minister for Economic Affairs Kim Hee-sang made the remarks as he and US Assistant Secretary of State for the Bureau of Energy Resources Geoffrey Pyatt led the 10th Energy Security Dialogue on Tues
Foreign Affairs May 4, 2024
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Top prosecutor orders speedy investigation into first lady's alleged acceptance of luxury handbag
South Korea's top prosecutor has instructed his staff to create a team dedicated to investigating allegations that first lady Kim Keon Hee accepted a luxury handbag in 2022, legal sources said Friday. Prosecutor General Lee One-seok made the call during a regular meeting with Song Kyung-ho, chief of the Seoul Central District Prosecutors Office, on Thursday, according to the sources. First lady Kim has come under fire after a local media outlet released video footage last November that show
Politics May 3, 2024
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Lawmakers express woes over Japan's actions against Naver
Lawmakers denounced Japan's actions against South Korea's top internet portal operator as "excessive," saying they potentially throw cold water on the improving bilateral relations, and urged Japan on Friday to quickly and wisely resolve a simmering row over Japan's demand for South Korea's internet platform operator to reduce its presence in Japan's most popular mobile messenger app. Tokyo demanded LY Corp., the operator of Line, the most widely used messenger
Foreign Affairs May 3, 2024
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Medical students file appeal after court denial of injunction to halt quota hike
Hundreds of medical school students have filed an appeal against a district court's recent decision to deny an injunction they sought to halt their schools from increasing admission quotas, their lawyer said Friday. Earlier this week, the Seoul Central District Court dismissed an injunction request filed by 485 medical students of three state-run universities to stop their university presidents from altering medical school admission plans. The legal action was part of several suits filed by
Social Affairs May 3, 2024
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Hankook Tire takes over control of Hanon Systems
Hankook Tire and Technology Co. on Friday reached a deal to buy a controlling stake in Hanon Systems Corp., the world's second-largest heat pump systems maker for automobiles, for 1.73 trillion won ($1.27 billion). Under the deal with private equity firm Hahn & Co., Hankook Tire will buy a 25 percent stake in Hanon Systems and an additional interest via rights offerings. Hankook Tire already owns 19.49 percent in Hanon Systems after spending 1.08 trillion won in 2014. With the additiona
Companies May 3, 2024
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S. Korea, Japan, China agree to create new financing facility against regional crises
South Korea, China and Japan agreed Friday to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations, by launching a new financing facility program meant to extend greater support in case of a financial crisis, Seoul's finance ministry said. The agreement was made during a trilateral meeting of South Korea's Finance Minister Choi Sang-mok, Japan's Finance Minister Shunichi Suzuki and China's Finance Minister Liu Kun held
Foreign Affairs May 3, 2024
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