Articles by Yonhap
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Seoul shares open tad higher on US gains
South Korean shares opened a tad higher Thursday tracking overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index (Kospi) added 1.75 points, or 0.07 percent, to 2,612.11 in the first 15 minutes of trading. US stocks rebounded on Wednesday, one day after posting sharp declines on concerns of a downturn in the artificial intelligence and semiconductor market. The Dow Jones Industrial Average gained 0.79 percent to close at 43,077.70, with the tech-heavy Nasdaq advancing 0.2
Market Oct. 17, 2024
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NK constitution 'clearly' defines S. Korea as 'hostile' state: KCNA
North Korea said Thursday its constitution clearly defines South Korea as a "hostile state," highly suggesting that Pyongyang has amended its constitution in line with leader Kim Jong-un's order to codify the South as an enemy, not a partner for reconciliation and unification. The Korean Central News Agency made the report while reporting on the North's blowing up earlier this week of roads and railways connected to South Korea that were once considered key symbols of inter-K
North Korea Oct. 17, 2024
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Zelenskiy sets out 'victory plan' as Ukraine faces precarious moment
Balmforth KYIV (Reuters) -- President Volodymyr Zelenskiy unveiled his much anticipated "victory plan" on Wednesday, calling on his allies to take urgent steps to bolster Kyiv at a precarious moment in a bid to end the war with Russia next year. As Moscow's forces advance in the east and a bleak winter of power cuts looms, he told parliament his plan contained five main points that were in the hands of his allies, including an unconditional invite to join NATO now and weapons supp
World News Oct. 16, 2024
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S. Korea 'closely' monitoring possibility of N. Korea sending troops for Ukraine war
The defense ministry said Wednesday it is "closely" monitoring for signs of North Korea possibly sending troops to support Russia in its war against Ukraine, following media reports of Russia forming a battalion of North Koreans. Ukrainian media outlets earlier reported that Russia is organizing a special battalion that is expected to include up to 3,000 North Koreans due to manpower shortages amid concerns over deepening military cooperation between the two countries. "As there
North Korea Oct. 16, 2024
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Seoul shares end 2-day rise on slump in techs, financials
South Korean stocks ended lower Wednesday due to losses in tech shares amid concerns over their earnings. The local currency lost ground against the US dollar. The benchmark Korea Composite Stock Price Index lost 23.09 points, or 0.88 percent, to close at 2,610.36, ending the two-session winning streak. Trading volume was moderate at 429.5 million shares worth 9.8 trillion won ($7.2 billion), with losers outnumbering gainers 551 to 323. Foreign investors led the daily drop, dumping a net 664.3 b
Market Oct. 16, 2024
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S. Koreans head to polls in local by-elections
South Koreans voted Wednesday to elect the education chief of Seoul and four local government heads, with the result expected to serve as a litmus test of public sentiment since the April general elections. Up for grabs in Wednesday's by-elections are five local administrative seats — the superintendent of the Seoul Metropolitan Office of Education, as well as the heads of Busan's Geumjeong District, Incheon's Ganghwa County, and the Yeonggwang and Gokseong counties in South
Politics Oct. 16, 2024
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N. Korea's state media keeps mum about its explosion of inter-Korean roads
North Korea's state media on Wednesday remained silent about its explosion of inter-Korean roads connected to South Korea the previous day. North Korea blew up parts of the Gyeongui and Donghae roads north of the Military Demarcation Line on Tuesday, a move seen as highlighting its commitment to severing ties with South Korea. In August, North Korea cut off the Gyeongui and Donghae railways. The Rodong Sinmun, the North's main newspaper targeting the domestic audience, did not carry an
North Korea Oct. 16, 2024
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Seoul education chief by-election pits conservative ex-lawmaker against progressive professor
Voters in Seoul headed to the polls on Wednesday to select the city's new education superintendent in a by-election, with a close race expected between a conservative former lawmaker and a progressive honorary Seoul National University sociology professor. The superintendent seat of the Seoul Metropolitan Office of Education is one of five local administrative positions up for grabs in Wednesday's by-elections, with voting running from 6 a.m. to 8 p.m. The position was vacated when lef
Politics Oct. 16, 2024
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US urges N. Korea to stop actions that raise conflict risk after blowing up of cross-border roads
The United States called on North Korea Tuesday to stop actions that would increase the risk of conflict, after Pyongyang blew up roads linked to South Korea in a rancorous removal of land routes once seen as a symbol of inter-Korean cooperation. State Department spokesperson Matthew Miller made the call, reiterating Washington's calls for Pyongyang to come back to diplomacy. "We are monitoring the situation in the DPRK in close coordination with our Republic of Korea allies," he
Foreign Affairs Oct. 16, 2024
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S. Korea, US, Japan to hold vice-ministerial talks amid N. Korea tensions
Senior diplomats from South Korea, the United States, and Japan were set to meet in Seoul on Wednesday amid rising tensions following North Korea's destruction of roads to the South and accusations of drone flights by the South over its capital. The three-way talks come a day after the North blew up cross-border roads in a move underscoring its commitment to completely sever ties with the South after North Korean leader Kim Jong-un vowed to abandon the goal of unification and treat the Sout
Foreign Affairs Oct. 16, 2024
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Seoul shares open sharply lower on US losses
South Korean stocks started sharply lower, tracking overnight losses on Wall Street. The benchmark Korea Composite Stock Price Index lost 29.41 points, or 1.12 percent, to 2,604.04 in the first 15 minutes of trading. Overnight, US stocks closed sharply lower due to poorer-than-expected earnings outlooks of chip equipment-maker ASML Holdings. The Dow Jones Industrial Average fell 0.75 percent, and the tech-heavy Nasdaq Composite tumbled 1.01 percent. In Seoul, most shares opened weaker across the
Market Oct. 16, 2024
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Russian court extends detention of S. Korean national for another month: media
A Russian court has renewed the detention period of a South Korean national arrested in Moscow on suspected espionage charges for another month until mid-November, Russian media reported Tuesday. The Moscow court made the decision on the South Korean, surnamed Baek, as it turned down Baek's appeal against an earlier court decision in June that extended his detention for three months until September, the TASS and Rio Novosti news agencies reported. Baek has been held in the Lefortovo detenti
Foreign Affairs Oct. 15, 2024
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Kiss of Life sets sights on Coachella, releasing 'Lose Yourself'
Rising K-pop girl group Kiss of Life has set its sights on one of the biggest stages in music: Coachella. With the release of its third EP, "Lose Yourself," on Tuesday, the four-member group revealed its aspirations to perform at the renowned North American music festival. The group, known for hits like "Shhh," "Bad News" and "Sticky," held a press showcase in Seoul to discuss the new album and future ambitions. "We've had this big dream of perfo
K-pop Oct. 15, 2024
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S. Korea picks adviser for oil, gas exploration in East Sea
South Korea's state-run oil developer said Tuesday it has picked an adviser for the exploration of potential oil and gas reserves off the nation's East Sea. The Korea National Oil Corp has named S&P Global as the adviser for a project in the East Sea that could potentially uncover between 3.5 billion and 14 billion barrels of gas and oil. If confirmed, the quantity would be sufficient to meet the country's gas demand for up to 29 years and its oil demand for four years. The KN
Industry Oct. 15, 2024
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Starlink services may be available in S. Korea next year: sources
US space firm SpaceX may launch its Starlink satellite internet services in South Korea next year, industry sources said Tuesday. According to the sources, the science ministry had notified the revisions of related regulations for Starlink's internet services. After a six-month period, the science ministry will launch the process for the approval of a deal between SpaceX and its Korean unit, Starlink Korea. The sources said once all required processes are completed, SpaceX will launch the s
Technology Oct. 15, 2024
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