Articles by Yonhap
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10 rescued, 1 missing after fishing boat sinks off south coast
A fishing boat carrying 11 people sank off the country's south coast Thursday, leaving three dead and another missing, the Coast Guard said. Four South Korean and seven foreign crew members were aboard the 139-ton trawler when it sank in waters 4.6 nautical miles south of Yokji Island off the coastal city of Tongyeong, some 330 km south of Seoul, after sending a distress call at 4:12 a.m., the Coast Guard said. Ten crew members were rescued by the Coast Guard and nearby boats, including thr
Social Affairs March 14, 2024
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N. Korea unveils new battle tank with leader Kim boasting their striking power
North Korea has unveiled a new battle tank during training exercises, state media reported Thursday, amid ongoing joint military drills between South Korea and the United States. North Korean leader Kim Jong-un drove a new tank himself during the "training match" between tank units Wednesday in a bid to inspect tank troops' actual combat capabilities, according to the Korean Central News Agency. Calling them "the most powerful tanks in the world," Kim expressed satisfact
North Korea March 14, 2024
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White House official calls S. Korea democracy 'champion' ahead of democracy summit
A White House official on Wednesday highlighted "real value in the symbolic nature" of South Korea hosting the third Summit for Democracy next week, casting the Asian country as a democracy "champion." Kelly Razzouk, National Security Council senior director for democracy and human rights, made the remarks as Seoul is preparing to host the summit, a US-led initiative to promote solidarity among democracies, from Monday to Wednesday. "As President Biden said when we conve
Foreign Affairs March 14, 2024
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Taeyoung shares suspended amid debt restructuring
Shares of Taeyoung Engineering & Construction Co., a troubled mid-sized builder, were suspended Wednesday due to its negative net asset balance amid an ongoing debt restructuring, company officials said. Its main creditor, the state-run Korea Development Bank, said it is extending the deliberation period for the restructuring plan by up to one month to allow more time before finalizing plans to normalize the company. Taeyoung, the 16th-largest builder in South Korea in terms of constructio
Industry March 13, 2024
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Top envoy to Moscow meets deputy Russian FM over detained S. Korean national
MOSCOW -- South Korea's top envoy to Russia asked for Moscow's cooperation in relation to the arrest of a South Korean national in Russia reportedly on espionage charges, according to the South Korean Embassy in Moscow on Wednesday. Ambassador Lee Do-hoon met with Russian Deputy Foreign Minister Andrey Rudenko and requested the Russian government actively cooperate to ensure the safety and protect the rights of the South Korean national, the embassy said. The meeting took place at th
Foreign Affairs March 13, 2024
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S. Korea, US, Japan discuss supply chains, AI at economic dialogue
National security officials of South Korea, the United States and Japan discussed efforts to boost cooperation in supply chains, emerging technologies and digital areas in a regular dialogue session, the presidential office said Wednesday. The third session of the economic dialogue took place in South Korea's southeastern port city of Busan earlier in the day, led by Wang Yun-jong, presidential secretary for economic security and his respective US and Japanese counterparts -- Tarun Chhabra
Politics March 13, 2024
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Blinken to visit S. Korea next week for democracy summit
US Secretary of State Antony Blinken will visit South Korea next week to attend a session of the Summit for Democracy, a US-led multination gathering formed to boost solidarity and shared values among democratic countries. Blinken is expected to arrive at Osan Air Base in Pyeongtaek, 60 kilometers south of Seoul, on Sunday, and take part in the ministerial segment of the forum Monday, according to people with knowledge of the matter. He will also hold bilateral talks with his South Korean counte
Foreign Affairs March 13, 2024
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Seoul shares end higher on overnight US tech rally
South Korean stocks finished higher Wednesday, tracking overnight Wall Street gains driven by megacap tech stocks. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index rose 11.76 points, or 0.44 percent, to 2,693.57. Trade volume was moderate at 491 million shares worth 10.7 trillion won ($8.14 billion), with winners beating losers 444 to 429. Foreign investors led the overall gains, buying a net 334 billion won worth of shares, while institutions and re
Market March 13, 2024
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Protesting medical students to press for schools' granting of their leave of absence requests
Medical students nationwide have resolved to request their schools grant leave of absence applications they filed in collective action protesting the government's plan to dramatically raise the medical school enrollment quota, their association said Wednesday. The Korean Medical Student Association said the decision was unanimously reached during a plenary session over the weekend. Under the resolution, members from all 40 medical schools across the country will ask their respective schools
Social Affairs March 13, 2024
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S. Korean, US defense officials visit Samsung's chip plant
South Korean and US defense officials overseeing technology policies visited Samsung Electronic Co.'s semiconductor plant this week, Seoul's defense ministry said Wednesday, amid efforts to bolster information and communication technology cooperation. Cheon Seung-hyun, head of the defense ministry's Intelligent Information Policy Bureau, and Leslie A. Beavers, the Pentagon's principal deputy chief information officer, made the visit Monday at the plant in Suwon, 30 kilometers
Defense March 13, 2024
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Seoul shares open higher on US stock gains
South Korean stocks opened slightly higher Wednesday, tracking overnight Wall Street gains driven by megacap tech stocks. The benchmark Korea Composite Stock Price Index rose 8.85 points, or 0.33 percent, to 2,690.66 in the first 15 minutes of trading. Overnight, Wall Street logged strong gains as investors shored up Nvidia, Oracle and other big tech stocks despite higher-than-expected February consumer price data. The Dow Jones Industrial Average rose 0.61 percent, and the S&P 500 gained 1.
Market March 13, 2024
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On-year job additions rise over 300,000 for 2nd month in Feb.
South Korea added more than 300,000 jobs for the second consecutive month in February led by solid job growth in the manufacturing sector amid rising exports, data showed Wednesday. The number of employed people came to 28.04 million last month, up 329,000 from a year earlier, according to the data compiled by Statistics Korea. It is the second month in a row that the number of new jobs has exceeded 300,000. In January, 380,000 jobs were added after three months of job additions below 300,000. F
Social Affairs March 13, 2024
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Jungkook becomes longest-charting K-pop soloist on Billboard Hot 100 after Psy
Jungkook of K-pop juggernaut BTS has become the longest-charting K-pop solo artist on US Billboard's Hot 100 main singles chart after Psy. According to the latest chart unveiled Tuesday, Jungkook's "Standing Next to You" stayed on the chart for 18 consecutive weeks, the second-longest run for any K-pop soloist in history, following Psy's record of 31 consecutive weeks with "Gangnam Style" in 2012. This week, the BTS vocalist ascended two spots to reach No. 85.
K-pop March 13, 2024
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Iraqi general visits S. Korea to examine KAI's Surion helicopter
A senior Iraqi Army general visited South Korea last week to look over a homegrown utility helicopter, sources said Wednesday, raising speculation over the Middle Eastern country's potential purchase of the aircraft. Lt. Gen. Samir Zaki Hussein Al-Maliki, commander of Iraq's Army Aviation Command, arrived in South Korea on March 4 for a four-day visit to meet with South Korean military and defense company officials, according to the sources from the defense industry and relevant author
Defense March 13, 2024
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Germany shares results from recent inspection of its embassy in N. Korea
A senior German official briefed a South Korean official on the outcome of his delegation's recent inspection of its embassy in North Korea, the foreign ministry said Tuesday. Earlier in the day, German State Secretary of the Federal Foreign Office Thomas Bagger also discussed bilateral ties and regional security in his talks with First Vice Foreign Minister Kim Hong-kyun in Seoul. Last month, the German delegation visited Pyongyang to inspect the site of its embassy for the first time si
Foreign Affairs March 12, 2024
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