Articles by Yonhap
![Yonhap](https://res.heraldm.com/content/koreaherald/hgrp_profile/dummy_62x62.jpg)
Yonhap
Yonhap-
Trump picks Ohio Sen. Vance as vice presidential running mate
Former President Donald Trump on Monday announced Sen. J.D. Vance of Ohio as his vice presidential running mate, as the Republican Party kicked off a national convention to officially crown Trump as the GOP nominee for the November general election. Trump made the announcement on the 39-year-old critic-turned-supporter in a social media post as GOP delegates and others gathered at the four-day Republican National Convention in Milwaukee, the largest city in the battleground state of Wisconsin. V
Foreign Affairs July 16, 2024
-
Delinquency ratio on bank loans rises for 2nd month in May
The delinquency ratio on loans extended by banks in South Korea rose for a second consecutive month in May, data showed Tuesday. The delinquency ratio on banks' won-denominated loans stood at 0.51 percent at end-May, up 0.03 percentage point from a month earlier, according to the data from the Financial Supervisory Service. The rise follows a 0.05 percentage-point on-month increase in April. The May reading marks a 0.15 percentage-point rise from a year earlier. The amount of newly overdue
Economy July 16, 2024
-
Import prices rebound in June on rise in costs of petrochemicals, raw materials
South Korea's import prices rebounded in June as a rise in prices of petrochemical goods and raw materials offset a fall in oil prices, central bank data showed Tuesday. The import price index rose 0.7 percent last month from a month earlier following a 1.3 percent on-month dip the previous month, according to the preliminary data from the Bank of Korea (BOK). From a year earlier, prices also rose 9.7 percent last month following a 4.7 percent on-year advance the previous month, the data sh
Economy July 16, 2024
-
Trump formally nominated as 2024 Republican presidential nominee
The Republican Party formally nominated former President Donald Trump as the GOP standard-bearer for the Nov. 5 general election on Monday, as a weekend assassination attempt against him has brought more voter attention to his campaign and further cemented his support base. GOP delegates crowned Trump as the presidential nominee for a third time in a roll call vote as the Republican Party Convention kicked off its four-day run in Milwaukee in the battleground state of Wisconsin, two days after h
Foreign Affairs July 16, 2024
-
Kentucky governor meets with S. Korean battery firms to woo investment
Kentucky Gov. Andy Beshear met with officials from South Korea's major electric vehicle (EV) battery and materials companies in a bid to attract additional investment to the US state, industry sources said Monday. The Kentucky governor came to Korea on Sunday for meetings on Monday with executives of car battery maker SK On Co. and Lotte Chemical Corp., which makes EV battery materials, according to the sources. He also plans to meet officials from LG Chem Ltd., which owns about an 80 perce
Industry July 15, 2024
-
Seoul shares end higher as investors assess Trump shooting
Seoul shares closed slightly higher Monday as investors digested the aftermath of the assassination attempt of former US President Donald Trump over the weekend. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index rose 3.92 points, or 0.14 percent, to 2,860.92. Trade volume was moderate at 418 million shares worth 12 trillion won ($8.67 billion), with gainers outnumbering losers 491 to 381. Foreigners sold a net 80.7 billion won, while individuals offlo
Market July 15, 2024
-
Civic group files complaint against Yoon for vetoing special probe bill
A civic group filed a complaint Monday against President Yoon Suk Yeol for vetoing a bill mandating a special counsel investigation into the military's response to a Marine's death. The civic group, known as the "National Action for Judicial Justice," filed the complaint with the Corruption Investigation Office for High-ranking Officials, accusing Yoon of abusing his power to block the appointment of a special counsel to look into allegations the presidential office and the d
Social Affairs July 15, 2024
-
Natl. football coach Hong Myung-bo asks for fans' support, looks to build distinct culture
As he begins his second tour of duty as head coach of the South Korean men's national football team, Hong Myung-bo asked for support from disgruntled fans Monday. Hong traveled to Europe on Monday to interview candidates for assistant coaching positions on his backroom staff. He's scheduled to make stops in Spain and Portugal in what could be a weeklong trip. It will be his first official activity as the men's national team boss since the Korea Football Assciation announced Saturd
Soccer July 15, 2024
-
First lady ordered return of luxury bag on same day she received it, aide claims
A close aide to first lady Kim Keon Hee has claimed that Kim ordered the return of a Dior bag she received as a gift from a pastor on the same day it was given, sources said Monday. Kim's aide, surnamed Yoo, made the statement during questioning at the Seoul Central District Prosecutors Office in early July as part of the ongoing investigation into the luxury bag scandal, according to the legal sources. The scandal centers on allegations that Kim illegally received a Dior handbag worth abou
Social Affairs July 15, 2024
-
Seoul shares open nearly flat amid US rate cut hopes
Seoul shares opened nearly flat Monday as investors continued to cash in profits amid expectations over a rate cut by the Federal Reserve in September on the back of eased inflation. The benchmark Korea Composite Stock Price Index edged up 0.03 point to stand steady at 2,857.03 in the first 15 minutes of trading. On Friday, all three major US indexes gained ground amid growing hopes for the Fed's rate cut this year. In Seoul, top tech giant Samsung Electronics remained unchanged, while No.
Market July 15, 2024
-
US Indo-Pacific commander says S. Korea's acquisition of nuclear submarines could be considered in future: Yoon's office
The chief of the US Indo-Pacific Command has said the introduction of nuclear-powered submarines in South Korea could be considered in the future depending on its operational analysis, the presidential office said Sunday. "From the standpoint of submarine warfare, I think it's important as allies and partners to find the most efficient and effective ways to combine our capabilities in ways that most effectively defend our alliances and partnerships," Commander Adm. Samuel Paparo s
Defense July 14, 2024
-
S. Korea's average export price of cars hits record high in H1
The average price of South Korean automobiles shipped overseas hit a new record high in the first half of 2024, data showed Sunday, following the growing demand for premium models. According to data compiled by the Korea Automobile & Mobility Association, the average price of car exports reached $25,224 over the January-June period, up 0.5 percent from $25,079 recorded a year earlier. The increase came amid growing demand for eco-friendly models, as well as SUVs and commercial cars, which ty
Economy July 14, 2024
-
Enhypen's second LP sells 1.88 million copies on release day
K-pop boy group Enhypen has broken its own first-week sales record by selling more than 1.88 million copies of its second full-length album, a market tracker said Saturday. Sales of the album, titled "Romance: Untold," reached 1,883,143 units on Friday alone, the day of its release, according to Hanteo Chart, a leading local album sales tracker. It broke the group's previous record of 1.87 million copies set in November last year with its latest EP, "Orange Blood." The
K-pop July 13, 2024
-
Football federation finalizes hiring of Hong Myung-bo as men's head coach
The South Korean national football federation said Saturday it has finalized its hiring of Hong Myung-bo as the new men's national team head coach, following a drawn-out process of replacing Jurgen Klinsmann. The Korea Football Association said its board of directors approved Hong's appointment in a vote held from Wednesday to Friday, with 21 of 23 eligible voters supporting the 55-year-old tactician. The KFA announced Hong's nomination last Sunday, and the final step through th
Soccer July 13, 2024
-
Ruling party hails Seoul-Washington nuclear deterrence pact as 'strong deterrent'
The ruling People Power Party on Saturday lauded the joint nuclear deterrence guidelines signed by Seoul and Washington, describing them as a potent deterrent against North Korea's provocations. "Mutual trust between South Korea and the United States, restored under the Yoon Suk Yeol administration, has become a strong deterrent against the North Korean regime's reckless provocations," the PPP's spokesperson Ho Jun-seok said. On Thursday (US time) in Washington, DC, th
Foreign Affairs July 13, 2024
Most Popular
-
1
Qoo10 liquidity crisis sparks massive complaints, fears of wider damage
-
2
Yoon urges municipalities to embrace foreigners
-
3
What is happening at Hybe?
-
4
S. Korea to consent to Japan's Sado mines gaining World Heritage status: official
-
5
Korea unveils tax reform bill to spur economy
-
6
Actor’s excessive airport security sparks probe into human rights violations
-
7
Man who let his father die due to financial difficulties to be released on parole
-
8
Actor Yoo Ah-in accused of sexual attack
-
9
S. Korea, China shifting from tensions to cooperation: Seoul
-
10
LG Electronics achieves record earnings in Q2