Articles by Yonhap
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Job additions rebound to over 200,000 in April amid rising exports
South Korea added more than 200,000 jobs in April on the back of the marked increase in manufacturing jobs on export growth, data showed Friday. But the number of people who remained unemployed and sought a job surged by the most in more than three years amid demographic changes, according to the data compiled by Statistics Korea. The number of employed people came to 28.69 million last month, up 261,000 from a year earlier. The country added more than 300,000 new jobs in both January and Februa
Social Affairs May 17, 2024
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Seoul shares start tad lower on profit taking
South Korean stocks started a tad lower Friday following the previous day's rally amid hopes for a US rate cut. The benchmark Korea Composite Stock Price Index shed 6.19 points, or 0.22 percent, to 2,746.81 in the first 15 minutes of trading. On Wall Street, major stock indices closed lower Thursday after their record high on the previous day on data showing a slowdown in inflation. The Dow Jones Industrial Average fell 0.1 percent, and the Nasdaq Composite lost 0.26 percent. In Seoul, most
Market May 17, 2024
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N. Korea slams planned S. Korea-US military drills, warns of 'catastrophic aftermath'
North Korea on Friday denounced a plan by South Korea and the United States to stage their joint annual military drills in August, warning that they could face a "catastrophic aftermath" if they carry out the exercise. The Ulchi Freedom Shield by Seoul and Washington is a "nuclear attack exercise" against Pyongyang that will involve state-of-the-art military equipment, including nuclear strategic assets, according to the Korean Central News Agency. In December 2023, South Kor
North Korea May 17, 2024
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Trump may like to 'solve' N. Korean nuclear problem if reelected: ex-official
Former President Donald Trump may like to "solve" North Korea's nuclear quandary if reelected, a former US official during Trump's presidency said Thursday, noting how to address the issue is "unpredictable." Allison Hooker, former senior director for Asia at the National Security Council, made the remarks, underscoring that leader-level diplomacy with North Korea is the "right " approach given that North Korean leader Kim Jong-un is the "top decision
North Korea May 17, 2024
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Police raid popera singer Kim Ho-joong's house over hit-and-run suspicions
Police raided famous popera singer Kim Ho-joong's house in Seoul on Thursday over suspicions that he caused a hit-and-run accident while drunk driving last week, officials said. Investigators from Seoul Gangnam Police Station searched Kim's house as well as the home and office of the head of Think Entertainment, an agency representing Kim, to figure out the whereabouts of Kim and his manager following the incident. Kim is suspected of fleeing after hitting a taxi while drunk driving in
Politics May 16, 2024
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Russia, China oppose 'military intimidation' against N. Korea by US, allies: report
The leaders of Russia and China issued a joint statement opposing what they call "acts of military intimidation" against North Korea by the United States and its allies, a Russian news report said Thursday. Russian President Vladimir Putin and Chinese President Xi Jinping issued the statement following a bilateral summit in Beijing, according to Russian news agency TASS. "The parties oppose the acts of military intimidation by the US and its allies that escalate confrontation with
Politics May 16, 2024
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S. Korea, China discuss stronger supply chain ties during ministerial talks
South Korea and China discussed ways Thursday of strengthening bilateral cooperation on supply chains of critical minerals and key industry items, Seoul's finance ministry said. The discussions were made during the 18th Korea-China Meeting on Economic Cooperation held virtually between South Korea's Finance Minister Choi Sang-mok and Zheng Shanjie, chairman of China's National Development and Reform Commission (NDRC), according to the Ministry of Economy and Finance. It was the fi
Diplomatic Circuit May 16, 2024
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Artwork symbolizing S. Korean abductees in N. Korea on display at garden show
The unification ministry on Thursday unveiled an artwork inspired by three forget-me-nots at a garden show in an effort to raise public awareness of South Koreans detained in North Korea. Earlier this year, the government created an image of three blue forget-me-nots as a symbol of South Korean abductees, detainees and prisoners of the 1950-53 Korean War in hope of their safe repatriation from the repressive regime. The artwork by artist Nanan Kang, comprising a glass greenhouse filled with the
North Korea May 16, 2024
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Seoul shares up for 2nd day on revived rate-cut hopes; won soars to near 2-month high
South Korean stocks finished nearly 1 percent up Thursday as hopes for a possible US rate cut boosted investor sentiment here. The local currency sharply rose to an almost two-month high against the US dollar. The benchmark Korea Composite Stock Price Index added 22.66 points, or 0.83 percent, to 2,753, after reaching an intraday high of 2,773.46 points. Trade volume was moderate at 510.3 million shares worth 13 trillion won ($9.66 billion), with gainers outpacing decliners 531 to 345. Foreign i
Market May 16, 2024
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First lady to attend luncheon with Cambodian PM in return to public duties
First lady Kim Keon Hee will attend an official luncheon with the visiting Cambodian prime minister Thursday, the presidential office said, marking her return to public duties after she withdrew in December amid corruption allegations. The first lady will join President Yoon Suk Yeol, Cambodian Prime Minister Hun Manet and his wife during the luncheon, which will be held at the presidential office following a summit between the leaders. The last time Kim appeared in public was in December when s
Social Affairs May 16, 2024
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Critical court decision looms over fate of govt.'s plan to hike medical school quota
An appellate court in Seoul was to deliver a critical ruling Thursday that would determine the fate of the government's highly contested plan to increase the nationwide medical school admission quota, officials said. The Seoul High Court will issue a ruling at around 5 p.m. on an injunction filed by the medical community seeking to halt the government's plan to increase the medical school quota by 2,000, court officials said. A court rejection of the request would pave the way for the
Social Affairs May 16, 2024
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Seoul shares start sharply higher on hopes for US rate cut
South Korean stocks got off to a strong start Thursday on hopes for the US Federal Reserve's possible rate cut after slower-than-expected inflation in the world's largest economy. The benchmark Korea Composite Stock Price Index gained 35.69 points, or 1.31 percent, to 2,766.03 in the first 15 minutes of trading. Overnight, the US stock market closed at record highs, with the Dow Jones Industrial Average rising 0.88 percent and the tech-heavy Nasdaq composite jumping 1.4 percent. The la
Market May 16, 2024
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S. Korea, US to hold 2nd round of defense cost sharing talks next week
South Korea and the United States will hold their second round of negotiations in Seoul next week on the sharing of the costs for the upkeep of American soldiers stationed here, Seoul officials said Thursday. The talks, set for Tuesday through Thursday, come about a month after the allies launched the negotiations on determining how much Seoul should shoulder for the stationing of the 28,500-strong US Forces Korea. The first round of the SMA talks took place in Hawaii. The current six-year deal,
Defense May 16, 2024
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Rare mid-May heavy snow warning issued over mountainous areas of Gangwon
A rare mid-May warning of heavy snow was issued Wednesday over mountainous areas in northern Gangwon Province. The warning went into effect at 7:20 p.m. as snow, which had started shortly beforehand, was forecast to continue into Thursday morning, accumulating up to 7 centimeters in highland and other mountain areas of northern Gangwon. A heavy snow warning is issued when snowfall accumulation is expected to reach five centimeters or more within a 24-hour period. It marks the first mid-May heavy
Social Affairs May 15, 2024
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Yoon meets minor party leader Cho in public for first time in 5 yrs
President Yoon Suk Yeol exchanged Wednesday somewhat awkward greetings with Cho Kuk, leader of a minor opposition party, in their first public encounter in years after the two became at odds with each other over the investigation into Cho's family. The brief meeting took place when Yoon was leaving an event held in celebration of Buddha's birthday in central Seoul, where many other key political figures were also present. Yoon greeted Cho, the leader of the Rebuilding Korea Party, by s
Politics May 15, 2024
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