Articles by Yonhap
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Seoul shares open higher on bargain hunting
South Korean stocks started higher Wednesday as investors hunted for bargains following a sharp slide the previous day sparked by escalating tensions in the Middle East. The benchmark Korea Composite Stock Price Index gained 8.58 points, or 0.33 percent, to 2,618.21 in the first 15 minutes of trading. Overnight, the S&P 500 fell 0.2 percent and the tech-heavy Nasdaq edged down 0.1 percent, while the Dow Jones Industrial Average gained 0.2 percent. US Federal Reserve Chair Jerome Powell said
Market April 17, 2024
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US 'incredibly concerned' about suspected NK-Iran military ties
The United States is "incredibly concerned" about long-suspected military cooperation between North Korea and Iran, a State Department spokesperson said Tuesday. Matthew Miller, the spokesperson, made the remarks in response to a question about whether America has concerns about Iran working with Pyongyang on nuclear and ballistic missile programs. "Certainly, that's something we've been incredibly concerned about," Miller told a press briefing. Having established diplomatic
Foreign Affairs April 17, 2024
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NK leader celebrates completion of 10,000 new homes in Pyongyang
North Korean leader Kim Jong-un has attended a ceremony marking the completion of building another 10,000 new homes in Pyongyang, state media said Wednesday. Kim attended the ribbon-cutting ceremony Tuesday for the completion of new apartments in the Hwasong district of Pyongyang as part of a housing project to build a combined 50,000 new homes in the capital by 2025, the Korean Central News Agency said. Kim called for workers to attain the remaining goals for the five-year project to "turn
North Korea April 17, 2024
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Vice FM, ICAO chief share concerns over N. Korean missile launches
Second Vice Foreign Minister Kang In-sun held talks with the chief of a United Nations agency on international civil aviation to discuss ways to strengthen their partnership, the foreign ministry said Tuesday. Kang met with Juan Carlos Salazar, secretary-general of the International Civil Aviation Organization, to share concerns over North Korea's missile launches and explore ways to enhance cooperation. During the meeting, Kang said North Korea's missile and spy satellite launches pos
Foreign Affairs April 16, 2024
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Govt., doctors differ widely on how to resolve medical reform stalemate amid prolonged walkout
Despite ongoing efforts to find a breakthrough regarding the prolonged walkout by doctors, the government and doctors differ widely on how to discuss medical reform plans, as doctors have demanded one-on-one talks rather than discussions within a consultative body for public consensus. More than 90 percent of South Korea's 13,000 trainee doctors have walked off the job in protest since Feb. 20 in protest of the government's push to increase the number of medical school seats by 2,000 s
Social Affairs April 16, 2024
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S. Korea, Australia hold vice-ministerial talks on Indo-Pacific strategy, bilateral ties
Senior diplomats of South Korea and Australia held talks in Seoul on Tuesday to discuss joint efforts to boost bilateral cooperation in their Indo-Pacific strategies and a wide range of issues, the foreign ministry said. Deputy Foreign Minister Chung Byung-won met with his Australian counterpart, Elly Lawson, deputy secretary of the Strategic Planning and Coordination Group at the Australian foreign ministry, Seoul's ministry said. The two sides shared the view that their bilateral ties a
Foreign Affairs April 16, 2024
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Seoul shares sink over 2% on escalating tension in Middle East
South Korean stocks sank more than 2 percent Tuesday as Israel warned of a retaliation over Iran's drone and missile attack over the weekend. The Korean won also fell sharply against the US dollar. The benchmark Korea Composite Stock Price Index plunged 60.8 points, or 2.28 percent, to close at 2,609.63. Trade volume was moderate at 557 million shares worth 11.9 trillion won ($8.48 billion), with decliners outpacing gainers 771 to 124. Foreigners offloaded a net 272 billion won, while indiv
Market April 16, 2024
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S. Korea to provide $12m to conflict-ridden Sudan
South Korea will provide $12 million in humanitarian assistance to Sudan and the neighboring countries struggling with a yearlong conflict between rival military factions, the foreign ministry said Tuesday. Choi Jai-chul, South Korean Ambassador to France, announced the plan Monday (local time) during an international humanitarian conference in Paris, as he voiced concerns over the worsening situation in Khartoum. "Our government will continue to join international efforts to assist countri
Foreign Affairs April 16, 2024
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Seoul shares open sharply lower as Israel warns of retaliation
South Korean stocks started sharply lower Tuesday tracking overnight losses on Wall Street amid the escalating tension between Israel and Iran. The benchmark Korea Composite Stock Price Index dropped 36.34 points, or 1.36 percent, to 2,634.09 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average fell 0.65 percent and the tech-heavy Nasdaq declined 1.79 percent. Tensions continued to escalate in the Middle East after Israel warned of retaliation after Iran conducted a dr
Market April 16, 2024
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Senior US officials discuss N. Korea, Taiwan, South China Sea in talks with Beijing officials
Senior US officials discussed with Beijing officials a range of regional and global issues, including North Korea, the Taiwan Strait and the South China Sea during their visit to China this week, the State Department said Monday. Assistant Secretary of State for East Asian and Pacific Affairs Daniel Kritenbrink and National Security Council Senior Director for China and Taiwan Affairs Sarah Beran met with Executive Vice Foreign Minister Ma Zhaoxu and Yang Tao, director general of the North Ameri
North Korea April 16, 2024
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N. Korea has capability to genetically engineer biological military products: US report
North Korea has the capability to genetically engineer biological military products, an annual US report showed Monday, noting Pyongyang has a "dedicated, national-level offensive" biological weapons program. The State Department issued the report, titled "Adherence to and Compliance with Arms Control, Nonproliferation and Disarmament Agreements and Commitments." It was prepared in consultation with the Department of Defense, Department of Energy and the Joint Chiefs of Staff
North Korea April 16, 2024
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S. Korea, US hold NK human rights talks in Washington
Diplomats from South Korea and the United States held a new session of their bilateral dialogue on North Korean human rights in Washington on Monday, as the two sides see a close link between Pyongyang's weapons programs and its rights conditions. Chun Young-hee, director general for the Korean Peninsula peace regime at Seoul's foreign ministry, and Julie Turner, the US special envoy for North Korean human rights issues, led the second session of the dialogue that was relaunched in Nov
North Korea April 16, 2024
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Yoon discusses Mideast tensions, NK issues with US envoy
President Yoon Suk Yeol held talks with the top US envoy to the United Nations on Monday to discuss issues ranging from tensions in the Middle East to UN sanctions against North Korea, his office said. Yoon's meeting with Ambassador Linda Thomas-Greenfield took place at the presidential office as part of her four-day trip to South Korea that also involved talks with the foreign and defense ministers. The two called for joint efforts to help resolve the Mideast crisis and extend comprehensiv
Foreign Affairs April 15, 2024
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US envoy, FM Cho discuss ways to build new mechanism for NK sanctions monitoring
The top US envoy to the United Nations and Foreign Minister Cho Tae-yul discussed ways to build a new mechanism for monitoring the enforcement of UN sanctions on North Korea, Cho's office said Monday, after Russia vetoed a resolution meant to renew the monitoring mandate. The meeting between Cho and Ambassador Linda Thomas-Greenfield came amid growing concerns that Moscow's rejection to extend the mandate for the UN Panel of Experts on North Korean sanctions could undermine internation
Foreign Affairs April 15, 2024
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S. Korea makes positive assessment of $6.4 bln grants for Samsung Electronics
South Korea on Monday reacted positively to a US plan to award up to $6.4 billion in grants to support Samsung Electronics Co.'s chipmaking investment in central Texas, calling it a "favorable" result. The assessment came after Washington said it has reached a nonbinding preliminary agreement with Samsung to provide the grants under the CHIPS and Science Act to support the tech giant's expected investment of more than $40 billion, in the establishment of a "leading-edge
Industry April 15, 2024
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