Articles by Yonhap
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Seoul shares open higher on large cap gains
South Korean stocks opened higher Monday on large cap gains, tracking advances on Wall Street last week. The benchmark Korea Composite Stock Price Index added 13.6 points, or 0.51 percent, to 2,669.93 in the first 15 minutes of trading. The advance follows Wall Street gains last week. The Dow Jones Industrial Average closed 0.4 percent higher Friday, while the tech-heavy Nasdaq spiked 2.03 percent. In Seoul, most large caps were in positive terrain. Market bellwether Samsung Electronics went up
Market April 29, 2024
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N. Korea decries US shipment of long-range tactical missiles to Ukraine as 'mean' policy
North Korea condemned the United States on Monday for sending longer-range tactical missiles to Ukraine for use in its fight against Russia, claiming that Washington cannot turn the tide of the war with such a "mean" policy. The White House confirmed last week that the US has sent a "significant" number of Army Tactical Missile Systems missiles to Ukraine for use inside the Ukrainian territory following Russia's use of North Korean ballistic missiles against Kyiv. An unn
North Korea April 29, 2024
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S. Korea, Cuba agree to open diplomatic missions
South Korea and Cuba have agreed to open diplomatic missions in each other's countries, Seoul's foreign ministry said Sunday, as a follow-up step to the establishment of their diplomatic relations earlier this year. A South Korean delegation, led by Song Si-jin, director general for planning and management at the foreign ministry, visited Havana from Wednesday through Saturday and discussed efforts to open the missions with Cuban officials, the ministry said in a release. "The t
Foreign Affairs April 28, 2024
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2.2 magnitude quake hits near southern county of Hapcheon
A 2.2 magnitude earthquake struck near South Korea's southern county of Hapcheon on Sunday, the weather agency said. The quake struck 11 kilometers northeast of the county 242 km southeast of Seoul at 10:33 a.m. at a latitude of 35.61 degrees north and a longitude of 128.28 degrees east at a depth of 14 km, according to the Korea Meteorological Administration. The agency advised people to watch out for their safety as shaking may be felt in areas near the epicenter of the quake. About 50 pe
Social Affairs April 28, 2024
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Doctor group's incoming head renews call for govt. to scrap medical school quota hike for dialogue
The incoming head of South Korea's leading doctors' lobby group reiterated on Sunday the call for the government to scrap the planned medical school quota hike in order to initiate dialogue with the medical community. About 12,000 trainee doctors have left their worksites since Feb. 20 in protest of the plan to boost the number of medical students by 2,000, causing delays in medical treatments, with some emergency rooms partially limiting their treatment of critically ill patients. Lim
Social Affairs April 28, 2024
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New head of doctors' association vows war in case of disadvantage to medical professors
The new head of the doctors' association vowed Saturday to wage an all-out war against the government in case of any disadvantage to medical professors considering taking weekly breaks in support of the ongoing walkout by junior doctors. Lim Hyun-taek, the president-elect of the Korean Medical Association, is known for his hawkish stance in the ongoing stalemate with the government regarding an increase in the medical school enrollment quota. "The Ministry of Health and Welfare's treatment
Social Affairs April 28, 2024
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S. Korean stock markets' trading volume down 11% in April
South Korean stock markets' trading volume dipped 11 percent in April from a month earlier amid growing uncertainties, including the geopolitical tension stemming from the Middle East, data showed Sunday. The combined daily average trading volume in the main Kospi, tech-heavy KOSDAQ and small businesses-focused KONEX markets, came to 20.2 trillion won ($14.6 billion) in April as of Friday, according to the Korea Exchange, the country's bourse operator. The amount marked an 11 percent d
Market April 28, 2024
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N. Korea reaffirms plan to bolster space reconnaissance capabilities
North Korea on Saturday reiterated its commitment to launching more reconnaissance satellites into orbit this year after putting its first spy satellite into orbit in November. Pyongyang "will carry out an important mission to enhance its space reconnaissance capabilities as planned to monitor and control the US and other hostile forces' military movements and aggressive attempts," an unnamed spokesperson of the North's National Aerospace Technology Administration (NATA) said
North Korea April 27, 2024
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N. Korea denounces US condemnation of human rights violations
North Korea on Saturday lashed out at the recent release of the United States' annual report on human rights situations in the reclusive country, calling it an act of interfering in the country's "internal affairs." Earlier this week, the US State Department released the 2023 Country Reports on Human Rights Practices, pointing out that North Koreans remained exposed to various types of human rights abuses last year, including forced repatriations, extrajudicial killings, fo
North Korea April 27, 2024
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
US Secretary of State Antony Blinken said Friday that he renewed calls for China to exert its influence to press North Korea to cease its "dangerous" activities and return to dialogue during his talks with top Chinese officials in Beijing. Blinken made the remarks during a press conference after he had separate meetings with Chinese President Xi Jinping, Foreign Minister Wang Yi, Minister of Public Security Wang Xiaohong and other officials in the Chinese capital on the day. The secr
Foreign Affairs April 27, 2024
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'The Roundup: Punishment' becomes fastest 2024 film to top 2 mln admissions
The Korean crime-action film "The Roundup: Punishment" surpassed 2 million admissions on Saturday, three days after its release, its distributor said. It became the fastest film of 2024 to date to reach the milestone, according to ABO Entertainment. The fourth installment of "The Roundup" crime-action film franchise starring Ma Dong-seok opened big Wednesday, drawing 820,000 moviegoers nationwide, and topped 1 million the following day. As of 9 a.m. Saturday, it accounted f
Culture April 27, 2024
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S. Korea, US lay out respective visions for new defense cost-sharing deal: US negotiator
South Korea and the United States outlined their respective visions for a new bilateral defense cost-sharing deal during their first round of negotiations in Honolulu this week, the top US negotiator said Friday. Linda Specht, senior advisor and US lead negotiator for security agreements at the State Department, made the remarks after the initial round of talks over the deal, named the Special Measures Agreement (SMA) took place from Tuesday through Thursday. The talks are aimed at determining
Foreign Affairs April 27, 2024
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S. Korea, Japan could consider simplified entry agreement: Seoul official
South Korea and Japan could consider adopting a simplified entry procedure for people traveling between the two countries, as an effort to keep the momentum going in the dramatic improvement in bilateral relations, a Seoul official said Friday. The official made the suggestion as one of the possibilities that the two neighbors could explore, likening the idea to the Schengen Agreement in Europe that allows nationals of the signatory countries and eligible members to travel freely without borde
Foreign Affairs April 26, 2024
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Seoul shares rise 1% on tech, financial gains despite overnight US losses
South Korean stocks closed higher Friday as investors purchased tech and financial blue chips despite overnight losses on Wall Street. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index rose 27.71 points, or 1.05 percent, to 2,656.33. Trade volume was moderate at 443 million shares worth 9.93 trillion won ($7.21 billion). Winners outpaced losers 460 to 405. Institutions and foreign investors combined bought a net 537 billion won, while retail investors unl
Market April 26, 2024
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DP leader says he will meet Yoon without conditions
Main opposition leader Lee Jae-myung said Friday he will meet with President Yoon Suk Yeol without preconditions, after the two sides struggled unsuccessfully to set the agenda for what would be their first-ever talks since Yoon came into office. Yoon proposed a meeting in a phone call with Lee last Friday, after the ruling People Power Party was routed in the April 10 parliamentary elections, leaving the National Assembly under the control of Lee's Democratic Party. Details of the meeting,
Politics April 26, 2024
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