Articles by Yonhap
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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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Renowned Korea expert released after arrest for allegedly acting as unregistered agent for S. Korea
A renowned Korean American foreign policy expert was arrested this week on allegations of acting as an unregistered agent for the South Korean government, the US attorney's office in New York said Wednesday. Sue Mi Terry, who formerly worked for the Central Intelligence Agency, the National Security Council and US think tanks, was arrested in New York on Tuesday, the office in the Southern District of New York said in a release, as she was accused of offenses under the Foreign Agents Regi
Politics July 18, 2024
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Defending champions Pohang Steelers reach Korea Cup semifinals
Defending champions Pohang Steelers advanced to the last four at the top national football tournament Wednesday. Pohang defeated FC Seoul 5-1 in the quarterfinals of the Korea Cup at Pohang Steel Yard in the southeastern city of Pohang, moving closer to a record sixth Korea Cup title. Two other clubs with five titles apiece, Jeonbuk Hyundai Motors and Suwon Samsung Bluewings, were both eliminated earlier in this year's tournament. Jeong Jae-hee netted two goals, while Oberdan, Lee Ho-jae
Soccer July 17, 2024
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Goobne Chicken opens 1st outlet in Philippines
GN Food, the operator of Goobne Chicken, South Korea's leading roast chicken franchise, said Wednesday it has opened its first outlet in the Philippines as part of its expansion strategy. The first Goobne outlet in the Southeast Asian country is located in Bonifacio Global City, a central business district in Taguig, Metro Manila, the company said in a statement. GN Food has increased its overseas outlets to 40 in 11 countries, including Japan, China and the United States, since 2014, when
Market July 17, 2024
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Seoul shares end lower on profit taking
Seoul shares finished lower Wednesday as foreign investors locked in profits following a two-session winning streak despite overnight Wall Street gains. The local currency rose against the US dollar. The benchmark Korea Composite Stock Price Index shed 22.80 points, or 0.8 percent, to close at 2,843.29. Trade volume was slightly heavy at 534.4 million shares worth 13.6 trillion won ($9.85 billion), with losers outnumbering winners 460 to 409. Foreign investors dumped local shares worth 261.4 bil
Market July 17, 2024
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Yoon delays regional trip amid heavy rain
President Yoon Suk Yeol postponed his planned trip to the southern region Wednesday due to heavy rain, sources said. Yoon was scheduled to attend a meeting on regional cooperation in South Chungcheong Province, but the presidential office, mayors and governors agreed to delay the schedule to focus on measures against the heavy downpour, sources said. "The president is receiving real-time reports on damage across the nation and has urged the heads of each local government to concentrate reco
Social Affairs July 17, 2024
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