Yonhap — Page 30

Organization · 1160 published stories · 82 outlets

South Korea Loses 40,000 Jobs in May, First Decline in 17 Months

South Korea's job market contracted in May, with employment falling by 40,000 year-on-year, the first drop in 17 months. The decline was driven by losses in manufacturing and science-technology services, while the government attributed the downturn to economic uncertainties linked to the prolonged Middle East conflict. Youth employment also saw a sharp fall, with the employment rate for those aged 15-29 dropping to 43.8%.

1 outlet · 4 articles Jun 11

Another South Korean Vessel Passes Through Strait of Hormuz Amid Ongoing Tensions

A second South Korean-operated vessel has successfully transited the Strait of Hormuz, reducing the number of stranded ships and sailors. An LNG carrier with eight Korean crew members departed after consultations between the shipper and a foreign charterer. Meanwhile, an earlier stranded oil tanker arrived in Ulsan, carrying Kuwaiti crude, as Seoul continues to seek alternative routes for oil imports.

1 outlet · 5 articles Jun 10

South Korea's Defense Chief Outlines Military Reform Plan to Tackle Future Warfare and Manpower Shortages

South Korean Defense Minister Ahn Gyu-back has called for a comprehensive military overhaul by 2040, emphasizing AI integration and manned-unmanned teaming to address future warfare challenges and a shrinking pool of eligible recruits. The plan includes maintaining troop levels at 500,000 while increasing the proportion of officers and expanding outsourcing in non-combat roles.

1 outlet · 2 articles Jun 9