Articles by Yonhap
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N. Korea remains unresponsive to S. Korea's message about weekend border-crossing
North Korea remains unresponsive after South Korea sent it a message about an unidentified person having crossed the eastern inter-Korean border over the weekend, Seoul's defense ministry said Monday. On Sunday, South Korea sent the message through a western military communication line "in light of protecting our citizen," though it has yet to verify details about the person who crossed the heavily fortified border on Saturday night. The fate of the person was not immediately confirm
North Korea Jan. 3, 2022
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Seoul's daily COVID-19 cases drop below 1,000 for 1st time since mid-Nov.
Seoul's daily COVID-19 cases on Monday fell below 1,000 for the first time since mid-November, as the country has extended the enforcement of tighter social distancing measures for two more weeks, officials said. The number of cases in the capital was recorded at 993, 190 fewer compared than the 1,183 tally on Sunday and down 503 compared with a week ago, according to city health officials. Of the total, 964 were local infections and 29 were from overseas. It marked the first time Seoul's dail
Social Affairs Jan. 3, 2022
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JCS chief stresses 'basics and principles' in New Year's message before border breach
South Korea's top military officer has called for troops to stick to "basics and principles" in a New Year's message, his aide said Monday, a directive eclipsed by a botched effort to stop an unidentified person from crossing the inter-Korean border over the weekend. For delivery on the first week of the new year, Joint Chiefs of Staff (JCS) Chairman Gen. Won In-choul had the message ready on Friday, the day before the person crossed the heavily fortified border in what is decried as
Defense Jan. 3, 2022
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S. Korean performing arts scene sees revenue jump nearly 80% in 2021
The local performing arts scene saw its revenue soar nearly 80 percent in 2021 from a year earlier, thanks to eased social distancing rules and a rising vaccination rate, data showed Monday. The combined revenue of 12,000 theatrical plays, musicals, classical concerts and other performances reached 307.1 billion won ($258.1 million) last year, according to the data by the Korea Performing Arts Box Office Information System (KOPIS). The 2021 amount marked a 78.4 percent on-year surge from 172.1
Culture Jan. 3, 2022
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Military reports 8 more COVID-19 cases
South Korea's military on Monday reported eight additional COVID-19 cases, including seven breakthrough infections, raising the total caseload among its personnel to 3,311. Of the new cases, five are from the Army, one from the Navy, one from the Air Force and one from a unit under the direct control of the defense ministry. Currently, 240 military personnel are under treatment. Of the total military caseload, 1,507 are breakthrough cases. (Yonhap)
Defense Jan. 3, 2022
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Indonesia's coal exports ban to have limited impact on S. Korea: industry ministry
Indonesia's recent ban on coal exports is expected to have a limited impact on South Korea, the industry ministry said Monday, but the Seoul government set up a task force to closely manage the situation as a precaution. Last week, Indonesia announced it has banned exports of coal in January, citing concerns over widespread blackouts due to low supplies at its domestic power plants. Jakarta is one of the world's major exporters of thermal coal, and around 20 percent of South Korea's coal impor
Economy Jan. 3, 2022
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PM stresses political neutrality, discipline ahead of key elections
Prime Minister Kim Boo-Kyum on Monday called on public servants to keep political neutrality and discipline as the country prepares for the presidential and local elections this year. "Please restrain from any activity that can be misinterpreted ahead of elections," Kim said at the government's new year kick-off ceremony in Seoul. "We will strictly deal with activities regarding producing or providing government policy data in an unofficial way." South Korea is scheduled
Politics Jan. 3, 2022
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S. Korea's 5G users top 20m in November: data
The number of smartphone users on 5G mobile networks had topped 20 million as of November for the first time since the service was commercialized in 2019, data showed Monday. The total number of 5G users reached 20.19 million in November last year, accounting for around 28 percent of the total 72.57 million mobile subscriptions in the country, according to the data from the Ministry of Science and ICT. South Korea, which has a population of 52 million, first commercialized 5G networks in April
Technology Jan. 3, 2022
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Daily virus cases stay below 4,000 for 2nd straight day amid tighter antivirus curbs
South Korea's daily coronavirus cases stayed below 4,000 for the second straight day Monday as the country has extended the enforcement of its tighter social distancing measures for two more weeks to stem a surge in infections and the spread of the omicron variant. The country added 3,129 new COVID-19 infections, including 2,993 local infections, raising the total caseload to 642,207, according to the Korea Disease Control and Prevention Agency (KDCA). This marked the second straight day that
Social Affairs Jan. 3, 2022
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Korea Shipbuilding targets $17.4b in 2022 orders
Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Monday it is targeting $17.4 billion in orders this year on improving demand for ships amid the prolonged pandemic. KSOE is the world's biggest shipbuilder by order backlog and has three affiliates -- Hyundai Heavy Industries Co., Hyundai Mipo Dockyard Co. and Hyundai Samho Heavy Industries Co. -- under its wing. The order target is up 19 percent from the KSOE's target of $14.9 billion last year, the company said in a regulatory fil
Industry Jan. 3, 2022
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Value of derivatives-tied securities hits near 8-yr low in Q3
The outstanding value of derivatives-tied securities issued in South Korea touched a near eight-year low in the third quarter amid a fall in Hong Kong share prices, data showed Monday. The amount of outstanding equity-linked securities (ELS) and derivatives-linked securities (DLS) came to 79.9 trillion won ($67.1 billion) as of end-September, down 300 billion won from the previous quarter, according to the data from the Financial Supervisory Service. The September tally was the lowest value si
Economy Jan. 3, 2022
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'Spider-Man' tops 6m admissions for 1st time since pandemic
"Spider-Man: No Way Home" has surpassed a cumulative 6 million admissions for the first time since the coronavirus pandemic began in South Korea, box office data said Monday. The latest Marvel superhero film attracted 705,000 people from Friday-Sunday, bringing its combined total to 6.07 million, according to the data by the Korean Film Council. It is the first time a film has reached the 6 million line since the outbreak of the COVID-19 pandemic in the country in January in 2020. &
Film Jan. 3, 2022
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Over 1,000 file suit against govt. over vaccine pass
Over 1,000 people have jointly filed a lawsuit against the government's requirement of presenting proof of vaccination in multiuse facilities on concerns over discrimination against unvaccinated people, sources said Sunday. A total of 1,023 plaintiffs filed the suit Friday with the Seoul Administrative Court against Health Minister Kwon Deok-cheol, Korea Disease Control and Prevention Agency Commissioner Jeong Eun-kyeong, and Seoul Mayor Oh Se-hoon to challenge the so-called vaccine pass. Und
Social Affairs Jan. 2, 2022
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S. Korea's IPO market to have bumper year in 2022 with mega deals: analysts
South Korea's initial public offering (IPO) market is expected to have another bumper year in 2022 as a slew of companies, including battery maker LG Energy Solution, are planning for stock market debuts, analysts said Sunday. The amount of money raised via IPOs on the main and tech-heavy stock markets reached a record high of 20.8 trillion won ($17.5 billion) last year, according to industry data. As more firms are preparing to go public with an aim of attracting more than 1 trillion won via
Economy Jan. 2, 2022
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COVID-19 vaccine pass will be applied with 6-month validity period this week
Proof of vaccination required for access to multiuse facilities will be valid only for six months after the primary series or booster doses starting Monday, health authorities said as they seek to stem the latest upsurge in virus cases. Under the tightened measure, those who completed the primary series on July 6 last year or before will not be allowed to use those facilities starting Monday if they are not administered with a booster shot, officials said. The so-called vaccine pass is require
Social Affairs Jan. 2, 2022
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