Articles by Yonhap
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N. Korea to convene key party meeting next month
North Korea has decided to convene a key ruling party meeting next month to review progress in its ongoing projects for the first half of the year, state media reported Saturday. The North's leader Kim Jong-un led a politburo meeting of the Workers' Party of Korea (WPK) on Friday, which decided to convene a plenary meeting of the party's central committee late next month, according to the Korean Central News Agency (KCNA). "Kim Jong-un referred to the necessity to convene the
North Korea May 25, 2024
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Arrest warrant issued for embattled popera star Kim Ho-joong
A Seoul court on Friday issued an arrest warrant for embattled popera star Kim Ho-joong on charges of ramming into a taxi while driving under the influence and fleeing the scene. Kim's arrest comes two days after prosecutors applied for an arrest warrant on charges of crashing into a stationary taxi in the opposite lane in Seoul's southern district of Gangnam on the night of May 9 while driving drunk. He then allegedly left the scene without taking post-accident measures. The Seoul Cen
Social Affairs May 24, 2024
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S. Korea's innovative Traffic Culture Index spotlighted at OECD transport ministers' gathering
In terms of traffic safety, South Korea has seen a remarkable improvement over the past decade across various metrics. According to the International Transport Forum, the country has seen a 49.2 percent decrease in road deaths between 2012 and 2022. The number of passenger car occupants killed in road crashes dropped by 63.8 percent, while that of pedestrians killed in traffic accidents fell by 54 percent. Industry experts attribute such improvements to an overall enhancement of public awarene
Mobility May 24, 2024
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Seoul shares dip over 1% on rate woes
South Korean stocks closed lower for the fourth consecutive day Friday on deepening concerns over a possible delay in US rate cuts. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index shed 34.21 points, or 1.26 percent, to close at 2,687.60. Trade volume was moderate at 491.3 million shares worth 12.01 trillion won (US$8.8 billion), with losers sharply outnumbering winners 618 to 263. Foreigners and institutions dumped local shares worth 377.4 billion w
Market May 24, 2024
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Govt. to reduce tariffs on fresh food imports to curb inflation
The finance ministry on Friday warned of uncertainties regarding inflation and vowed preemptive steps by extending tariff quota reduction on imports of agricultural products and boosting government reserves. "Prices of farm produce and petroleum products have fallen recently, but uncertainties remain high over the geopolitical situation in the Middle East and weather conditions in summer," First Vice Finance Minister Kim Byoung-hwan said during an economy-related vice ministers' m
Social Affairs May 24, 2024
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Moon says Korean Peninsula in 'crisis phase,' calls for efforts to solidify peace values
Former South Korean President Moon Jae-in said Thursday the security situation on the Korean Peninsula is in a "crisis" phase where military conflicts could flare up "at any moment," as he called for diplomatic efforts to promote peace. Moon made the remarks in a video message for a peace forum in Washington, as tensions have persisted on the peninsula with Pyongyang continuing its weapons tests in the absence of bilateral engagements with South Korea and the United States. &
Politics May 24, 2024
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Seoul shares open lower tracking Wall Street slump
South Korean stocks opened sharply lower Friday, tracking overnight losses on Wall Street amid lowering hopes for the US Federal Reserve's early rate cuts. The benchmark Korea Composite Stock Price Index shed 34.27 points, or 1.26 percent, to 2,687.54 in the first 15 minutes of trading. The S&P 500 fell 0.7 percent, the Dow Jones Industrial Average slid 1.5 percent, and the tech-heavy Nasdaq Composite went down 0.4 percent as hotter-than-expected economic reports raised speculations the
Market May 24, 2024
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S. Korea to hold rotating presidency of UN Security Council next month
South Korea will undertake the rotating presidency of the UN Security Council next month for the first time in a decade, Seoul's top envoy to the UN said Thursday, unveiling plans to push for in-depth discussions on cybersecurity and other global issues. In a press meeting, Ambassador Hwang Joon-kook said that South Korea, a nonpermanent UNSC member, will hold the presidency for one month -- a position that rotates among the council's 15 member states on a monthly basis. Seoul last held the UNSC
Foreign Affairs May 24, 2024
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Police arrest mastermind behind last year's palace vandalism
Police said Thursday they have arrested a suspect who allegedly commissioned teenagers to paint graffiti on the walls of a historic palace in central Seoul to advertise an illegal streaming website. The 30-something suspect, who was arrested the previous day, faces charges for violating the Cultural Heritage Protection Act, as well as other charges including the distribution of obscene materials, according to the Seoul Metropolitan Police Agency. The arrest comes about five months after the susp
Social Affairs May 23, 2024
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Yoon's dinner with SME biz leaders features spicy chicken ramyeon, frozen gimbap
President Yoon Suk Yeol hosted a dinner for businesspeople from small and medium-sized enterprises Thursday as part of efforts to praise their contribution to the economy, featuring surprise menu items: spicy chicken ramyeon and frozen gimbap. Yoon attended the annual SMEs Entrepreneur's Day held at the presidential office for the third consecutive year, which drew around 500 people from SMEs, venture companies and startups. The guests also included Samsung Electronics Chairman Lee Jae-yong
Politics May 23, 2024
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Court rejects popera star Kim's request to delay arrest warrant hearing
A Seoul court on Thursday rejected a request by embattled popera star Kim Ho-joong to postpone an arrest warrant application hearing on his reckless driving charges. The previous day, prosecutors applied for an arrest warrant for Kim on charges of ramming into a stationary taxi in the opposite lane with his vehicle late on the night of May 9 in Seoul's southern Gangnam district while driving drunk. He then allegedly left the scene without taking post-accident measures. The Seoul Central Dis
Social Affairs May 23, 2024
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Yoon meets ex-US Secretary Pompeo, discusses Korean Peninsula issues
President Yoon Suk Yeol met with former US Secretary of State Mike Pompeo to discuss issues surrounding the Korean Peninsula, as well as the Seoul-Washington alliance, the presidential office said Thursday. During the meeting held in Seoul with Pompeo, who served as the top US diplomat under then President Donald Trump from 2018 to 2021, Yoon asked him to continue to pay close attention to South Korea's efforts to seek peace on the Korean Peninsula backed by the strong alliance. Yoon also e
Foreign Affairs May 23, 2024
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S. Korea, Czech Republic discuss nuclear power cooperation at bilateral economic talks
South Korea asked the Czech Republic on Thursday to pay closer attention to the ongoing bilateral efforts for cooperation in the commercial nuclear power plant sector, Seoul's foreign ministry said. Kim Hee-sang, deputy foreign minister for economic affairs, delivered the request to Petr Tresnak, deputy industry minister of the Czech Republic, during their joint economic dialogue earlier in the day, the ministry said. Kim used the session to highlight South Korean industry's strengths
Foreign Affairs May 23, 2024
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S. Korea remains unchanged on China-Taiwan issue: foreign ministry
South Korea remains committed to respecting the "One China" policy amid tensions in the Taiwan Strait following the inauguration ceremony of Taiwanese President Lai Ching-te earlier this week, the foreign ministry said Thursday. Earlier in the day, China's military began two days of what it calls "punishment" drills around the island, just days after the inauguration ceremony, which Beijing strongly condemned. "There is no change in our government's stance of r
Foreign Affairs May 23, 2024
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Vice FM visits Iranian Embassy in Seoul to express condolences over death of Iranian president
First Vice Foreign Minister Kim Hong-kyun visited the Iranian Embassy in Seoul on Thursday to extend condolences over the death of Iranian President Ebrahim Raisi who was killed in a helicopter crash earlier this week, a Seoul official said. The official said South Korean Ambassador to Iran Kim Jun-pyo plans to attend a memorial service to pay respects to the late president on behalf of the government as soon as the venue is arranged by Tehran. Iran's state media confirmed Raisi's deat
Foreign Affairs May 23, 2024
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