Articles by Yonhap
Yonhap
Yonhap-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
Seoul shares close lower ahead of US employment data
South Korean shares closed slightly lower Friday as investors took to the side ahead of US employment data. The local currency rebounded against the US dollar. The benchmark Korea Composite Stock Price Index shed 7.02 points, or 0.26 percent, to close at 2,676.63. Trading volume was slim at 329.8 million shares worth 7.7 trillion won ($5.65 billion), with losers outnumbering gainers 477 to 390. The index had opened higher, tracking overnight gains on Wall Street that followed dovish remarks from
Market May 3, 2024
-
Loyalist to DP leader Lee elected as party's new floor leader
The main opposition Democratic Party on Friday elected a lawmaker closely aligned with Democratic Party leader Lee Jae-myung as its new floor leader. Rep. Park Chan-dae, a member of the DP's Supreme Council who was reelected for a third term in the general elections, was named floor leader at a general meeting of party lawmakers, becoming the party's first floor leader under the current 22nd National Assembly. Park was the sole candidate for the post. Announcing his run for the floor l
Politics May 3, 2024
-
S. Korean-coached Indonesia fall short of direct Olympic football spot
Coached by South Korean native Shin Tae-yong, Indonesia have just missed out on the final direct Asian berth in this year's Olympic men's football tournament. Indonesia lost to Iraq 2-1 in extra time in the third-place match of the Asian Football Confederation U-23 Asian Cup at Abdullah bin Khalifa Stadium in Doha on Thursday. This AFC tournament also serves as the final Asian qualifying tournament for the Paris Olympics, and the top three countries each earned guaranteed spots in Fran
Soccer May 3, 2024
-
N. Korean economic delegation returns from Iran amid suspected military ties
NK delegation-Iran N. Korean economic delegation returns from Iran amid suspected military ties SEOUL, May 3 (Yonhap) -- A North Korean economic delegation has returned home from Iran, Pyongyang's state media said Friday, ending a rare trip that raised suspicions of possible weapons cooperation between the two nations. The delegation, headed by External Economic Relations Minister Yun Jong-ho, arrived in Pyongyang on Thursday after visiting Iran, the Korean Central News Agency said in a one
North Korea May 3, 2024
-
Naver Q1 net income soars 1,171.9% on growth of major businesses
South Korean tech giant Naver Corp. said Friday its first-quarter net profit soared 1,171.9 percent from a year earlier on the overall growth of its major businesses, including its search platform and e-commerce. Its net profit reached 555.8 billion won ($404 million) in the January-March period, compared with 43.7 billion won a year ago, the company said in a regulatory filing. The operating profit jumped 32.9 percent on-year to a quarterly high of 439.3 billion won, and sales rose 10.8 percent
Technology May 3, 2024
Most Popular
-
1
Korean labor force to shrink by 10 million by 2044: report
-
2
[AtoZ Korean Mind] Does your job define who you are? Should it?
-
3
Allegations surrounding BTS resurface, enraged fans demand apology
-
4
Students with history of violence will be barred from becoming teachers
-
5
Probe of first lady on Dior bag allegations set to begin
-
6
'Super Rich in Korea' will leave viewers appreciating Korea more: producers
-
7
Top prosecutor pledges 'speedy, strict' probe into first lady's luxury bag allegations
-
8
Medical feud leaves hospitals in financial crisis
-
9
'Queen of Tears' riding high on Netflix chart
-
10
Chip up cycle won’t stay long: SK chief