Articles by Yonhap
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S. Korean stock markets' trading volume down 11% in April
South Korean stock markets' trading volume dipped 11 percent in April from a month earlier amid growing uncertainties, including the geopolitical tension stemming from the Middle East, data showed Sunday. The combined daily average trading volume in the main Kospi, tech-heavy KOSDAQ and small businesses-focused KONEX markets, came to 20.2 trillion won ($14.6 billion) in April as of Friday, according to the Korea Exchange, the country's bourse operator. The amount marked an 11 percent d
Market April 28, 2024
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N. Korea reaffirms plan to bolster space reconnaissance capabilities
North Korea on Saturday reiterated its commitment to launching more reconnaissance satellites into orbit this year after putting its first spy satellite into orbit in November. Pyongyang "will carry out an important mission to enhance its space reconnaissance capabilities as planned to monitor and control the US and other hostile forces' military movements and aggressive attempts," an unnamed spokesperson of the North's National Aerospace Technology Administration (NATA) said
North Korea April 27, 2024
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N. Korea denounces US condemnation of human rights violations
North Korea on Saturday lashed out at the recent release of the United States' annual report on human rights situations in the reclusive country, calling it an act of interfering in the country's "internal affairs." Earlier this week, the US State Department released the 2023 Country Reports on Human Rights Practices, pointing out that North Koreans remained exposed to various types of human rights abuses last year, including forced repatriations, extrajudicial killings, fo
North Korea April 27, 2024
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
US Secretary of State Antony Blinken said Friday that he renewed calls for China to exert its influence to press North Korea to cease its "dangerous" activities and return to dialogue during his talks with top Chinese officials in Beijing. Blinken made the remarks during a press conference after he had separate meetings with Chinese President Xi Jinping, Foreign Minister Wang Yi, Minister of Public Security Wang Xiaohong and other officials in the Chinese capital on the day. The secr
Foreign Affairs April 27, 2024
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'The Roundup: Punishment' becomes fastest 2024 film to top 2 mln admissions
The Korean crime-action film "The Roundup: Punishment" surpassed 2 million admissions on Saturday, three days after its release, its distributor said. It became the fastest film of 2024 to date to reach the milestone, according to ABO Entertainment. The fourth installment of "The Roundup" crime-action film franchise starring Ma Dong-seok opened big Wednesday, drawing 820,000 moviegoers nationwide, and topped 1 million the following day. As of 9 a.m. Saturday, it accounted f
Culture April 27, 2024
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S. Korea, US lay out respective visions for new defense cost-sharing deal: US negotiator
South Korea and the United States outlined their respective visions for a new bilateral defense cost-sharing deal during their first round of negotiations in Honolulu this week, the top US negotiator said Friday. Linda Specht, senior advisor and US lead negotiator for security agreements at the State Department, made the remarks after the initial round of talks over the deal, named the Special Measures Agreement (SMA) took place from Tuesday through Thursday. The talks are aimed at determining
Foreign Affairs April 27, 2024
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S. Korea, Japan could consider simplified entry agreement: Seoul official
South Korea and Japan could consider adopting a simplified entry procedure for people traveling between the two countries, as an effort to keep the momentum going in the dramatic improvement in bilateral relations, a Seoul official said Friday. The official made the suggestion as one of the possibilities that the two neighbors could explore, likening the idea to the Schengen Agreement in Europe that allows nationals of the signatory countries and eligible members to travel freely without borde
Foreign Affairs April 26, 2024
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Seoul shares rise 1% on tech, financial gains despite overnight US losses
South Korean stocks closed higher Friday as investors purchased tech and financial blue chips despite overnight losses on Wall Street. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index rose 27.71 points, or 1.05 percent, to 2,656.33. Trade volume was moderate at 443 million shares worth 9.93 trillion won ($7.21 billion). Winners outpaced losers 460 to 405. Institutions and foreign investors combined bought a net 537 billion won, while retail investors unl
Market April 26, 2024
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DP leader says he will meet Yoon without conditions
Main opposition leader Lee Jae-myung said Friday he will meet with President Yoon Suk Yeol without preconditions, after the two sides struggled unsuccessfully to set the agenda for what would be their first-ever talks since Yoon came into office. Yoon proposed a meeting in a phone call with Lee last Friday, after the ruling People Power Party was routed in the April 10 parliamentary elections, leaving the National Assembly under the control of Lee's Democratic Party. Details of the meeting,
Politics April 26, 2024
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Seoul shares open higher on tech, financial gains
South Korean stocks opened higher Friday as investors purchased techs and financials despite overnight losses on Wall Street. The benchmark Korea Composite Stock Price Index rose 20.16 points, or 0.77 percent, to 2,648.78 in the first 15 minutes of trading. Overnight, Wall Street lost ground as Meta and other big tech companies retreated as the US economy expanded at a sharply slower-than-expected pace in the first quarter. The S&P 500 dropped 0.5 percent, and the tech-heavy Nasdaq shed 0.6
Market April 26, 2024
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Ship linked to NK arms shipments to Russia is moored in China: State Dept.
A Russian vessel, reportedly implicated in North Korea's arms transfers to Russia, is moored in China, a State Department spokesperson said Thursday, adding to speculation about Beijing's support for Moscow's war efforts in Ukraine. The spokesperson made the remarks as Secretary of State Antony Blinken is currently in China, where he plans to discuss with senior Beijing officials a range of regional and global issues, including the war in Ukraine and North Korean threats. Citing B
North Korea April 26, 2024
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10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
South Korea fell to Indonesia 11-10 on penalties to be eliminated from the Olympic men's football qualifiers in Qatar on Thursday, unable to grab a ticket to Paris after losing their best scorer and head coach in the second half. Indonesia's 12th kicker Pratama Arhan scored after Lee Kang-hee was denied by Ernando Ari in the nailbiting shootout in the quarterfinals of the Asian Football Confederation U-23 Asian Cup at Abdullah bin Khalifa Stadium in Doha. This tournament doubles as the
Soccer April 26, 2024
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Aides fail to coordinate agenda for Yoon-Lee meeting
Aides to President Yoon Suk Yeol and opposition leader Lee Jae-myung held their second meeting Thursday to coordinate the agenda for what would be the first-ever meeting between Yoon and Lee, but failed to reach an agreement, both sides said. Yoon proposed the meeting in a phone call with Lee last Friday, after the ruling People Power Party was routed in the April 10 parliamentary elections, leaving the National Assembly under the control of Lee's Democratic Party (DP). Thursday's prep
Politics April 25, 2024
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Overdue wages for migrant workers average 6.63 mln won: survey
Overdue wages for migrant workers averaged 6.63 million won ($4,825), a survey conducted by the state human rights watchdog showed Thursday. The survey, which was conducted on 379 migrant workers who are currently working in the country or have worked here for over a year, also showed the average number of times wages were overdue was 1.09, according to the National Human Rights Commission of Korea. By amount, 34.4 percent of the respondents said they were due between 1 million won and 3 million
Social Affairs April 25, 2024
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Seoul shares dip 1.76 % over tech, battery slump
South Korean stocks plummeted more than 1.7 percent Thursday as investors sought profits following the previous session's sharp rise amid mixed overnight results on Wall Street. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index slumped 47.13 points, or 1.76 percent, to 2,628.62. Trade volume was slim at 304 million shares worth 8.72 trillion won ($ 6.35 billion), with losers outpacing winners 487 to 360. Institutions and foreign investors combined so
Market April 25, 2024
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