Articles by Yonhap
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S. Korea, China to hold '2+2' high-level diplomatic security talks next week
South Korea and China are expected to hold "two plus two" talks of their senior foreign and defense officials early next week, diplomatic sources said Tuesday, amid rising tensions from North Korea's provocations and the prospect of another summit between the North and Russia. The vice-ministerial diplomatic and security dialogue is expected to take place in Seoul early next week, and the two sides are fine-tuning the details on the arrangement, the sources familiar with the matte
Foreign Affairs June 11, 2024
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DP policy chief says 'no budget' for oil exploration project without data
The chief policymaker of the main opposition Democratic Party said Tuesday no extra budget should be allowed for a project for potential offshore oil and gas reserves in the East Sea unless relevant data is submitted. The remark came amid growing controversies surrounding Act-Geo, the US geoscience firm that gave a positive assessment of the potential reserves, including one that the company had signed a contract with state-run Korea National Oil Corp. when it was subject to operational restrict
Industry June 11, 2024
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N. Korean soldiers briefly cross inter-Korean border, return after warning shots
About 20 North Korean soldiers briefly crossed the inter-Korean land border earlier this week and went back to the North's side after the South's military fired warning shots, the Joint Chiefs of Staff said Tuesday. The North Korean soldiers crossed the Military Demarcation Line within the Demilitarized Zone separating the two Koreas in the central section of the border at around 12:30 p.m. Sunday, according to the Joint Chiefs of Staff. The South Korean military conducted warning broa
Defense June 11, 2024
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Seoul shares open higher on Wall Street gains
South Korean stocks opened slightly higher Tuesday, tracking overnight gains on Wall Street ahead of a US Fed meeting. The benchmark Korea Composite Stock Price Index added 9.99 points, or 0.37 percent, to 2,711.16 in the first 15 minutes of trading. The positive start follows overnight gains on Wall Street, with investors taking caution ahead of the US Federal Open Market Committee meeting slated for Tuesday and Wednesday. The Dow Jones Industrial Average added 0.18 percent to close at 38,868.0
Market June 11, 2024
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3 EXO members accuse SM of 'unfair' revenue demands, renewing dispute
Three members of the popular K-pop group EXO -- Chen, Baekhyun and Xiumin -- claimed Monday their agency SM Entertainment is making an "unfair" demand over revenue from their individual activities, reigniting their conflict with the K-pop powerhouse after a year. They alleged that the agency is unjustly demanding a 10 percent royalty from revenue of their individual activities without fulfilling its end of a behind-the-scenes deal made to resolve the conflict in June last year. During
Culture June 10, 2024
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Seoul shares close lower ahead of US Fed meeting; won sharply down
South Korean shares closed lower Monday as investors took to the sidelines ahead of the US Federal Reserve's rate-setting meeting later this week. The local currency sharply lost ground against the US dollar. The benchmark Korea Composite Stock Price Index lost 21.5 points, or 0.79 percent, to close at 2,701.17. Trade volume was moderate at 499.3 million shares worth 11.16 trillion won ($8.1 billion), with losers outnumbering gainers 499 to 381. Retail investors scooped up a net 553.8 billi
Market June 10, 2024
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DP leader urges two Koreas to stop 'childish chicken game' of trash balloons, loudspeakers
Opposition leader Lee Jae-myung called on the two Koreas to halt a chain of retaliatory actions, such as South Korea's border loudspeaker broadcasts and North Korea's trash balloon campaign, calling it a "childish chicken game" that can lead to war. On Sunday, South Korea resumed propaganda loudspeaker broadcasts near the inter-Korean border for the first time in six years in retaliation against the North's recent launch of balloons carrying trash into the South. The bro
Politics June 10, 2024
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Financial authorities to develop monitoring platform for illegal short selling by March next year
The financial regulator said Monday it plans to develop a real-time monitoring system for naked stock short selling by March next year. The plan comes amid an ongoing ban on stock short selling, which was originally set to end at the end of this month. "A considerable amount of time is required to develop a centralized naked short selling monitoring system, as well as an effective algorithm to detect illegal stock short selling," the Financial Supervisory Service said in a press releas
Economy June 10, 2024
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Yoon embarks on three-nation Central Asia trip
President Yoon Suk Yeol embarked Monday on a weeklong Central Asia trip that will take him to Turkmenistan, Kazakhstan and Uzbekistan on a mission to expand cooperation in critical minerals and other key sectors. Yoon is set to make state visits to the resource-rich Central Asian nations through June 15, accompanied by first lady Kim Keon Hee and a business delegation comprising over 60 Korean companies. It marks Yoon's first overseas trip since a state visit to the Netherlands in December.
Foreign Affairs June 10, 2024
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Seoul shares open sharply lower ahead of Fed meeting
Seoul shares opened sharply lower Monday ahead of the US Federal Open Market Committee meeting this week. The benchmark Korea Composite Stock Price Index lost 28.47 points, or 1.05 percent, to 2,694.20 in the first 15 minutes of trading. The weak start follows losses on Wall Street last week. The Dow Jones Industrial Average lost 87.18 points, or 0.22 percent, to close at 38,798.99 on Friday, following stronger-than-expected employment data that weakened hopes for a US rate cut. The US Federal R
Market June 10, 2024
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NK leader's sister warns of 'new counteraction' against S. Korea
The powerful sister of North Korean leader Kim Jong-un has warned that South Korea will face unspecified "new counteraction" by the North if it keeps sending anti-Pyongyang propaganda leaflets and playing its loudspeaker broadcasts across the border. The statement by Kim Yo-jong came after the South resumed propaganda loudspeaker broadcasts toward the North for the first time in six years, in retaliation against the North's repeated sending of trash-carrying balloons. "If the
North Korea June 10, 2024
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FM Cho discusses bilateral ties, economic cooperation with Peruvian, Honduran counterparts
Foreign Minister Cho Tae-yul held talks with his counterparts from Peru and Honduras on Sunday and discussed bilateral relations and economic cooperation, among other issues, his office said. The talks took place as the two diplomats were visiting Seoul to attend a multilateral forum on cooperation between South Korea and Latin America, set for Monday. In the talks with Peru's top diplomat, Javier Gonzalez-Olaechea Franco, Cho took note of the fact that the two countries have been expanding
Foreign Affairs June 10, 2024
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NK leader's sister warns of 'new responses' against S. Korea's loudspeaker broadcast, leafleting
The powerful sister of North Korean leader Kim Jong-un warned Sunday of taking "new responses" if South Korea keeps sending anti-Pyongyang leaflets across the border and blasting loudspeaker broadcasts, calling it a "prelude to a very dangerous situation." The statement by Kim Yo-jong came after the South resumed propaganda loudspeaker broadcasts toward the North in retaliation against the North's repeated sending of trash-filled balloons amid rising tensions in the inte
North Korea June 10, 2024
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Yoon to embark on three-nation Central Asia trip this week
President Yoon Suk Yeol is set to pay state visits to Turkmenistan, Kazakhstan and Uzbekistan this week to explore expanding cooperation in critical minerals and other key sectors. Yoon will embark on the six-day trip Monday, accompanied by first lady Kim Keon Hee, and visit the resource-rich Central Asian nations through June 15, his office said. On the first leg of the trip, Yoon will arrive in Ashgabat, Turkmenistan, on Monday, hold a summit with the country's President Serdar Berdimuham
Foreign Affairs June 9, 2024
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Doctors mull all-out strike amid lingering deadlock over medical reform
South Korea's largest organization of doctors was set to announce its future course of action against the government's medical reform on Sunday, potentially including an all-out strike, amid the lingering walkout by junior doctors that has lasted nearly four months. The Korea Medical Association plans to hold a press briefing later in the day to release the result of a vote carried out last week on whether to launch a strike, including community doctors, according to medical sources. A
Social Affairs June 9, 2024
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