Yonhap — Page 31

Organization · 1160 published stories · 82 outlets

Protests Over Ballot Shortages Enter Fifth Day in Seoul; Sports Bodies Urge Government Action

Demonstrators in Seoul continued for a fifth day to demand a re-run of last week's local elections, protesting ballot shortages that disrupted voting at dozens of polling stations. The protests have paralyzed sports federations based at the counting site, prompting the national Olympic body to urge government intervention. Police have escalated an investigation into the shortages, while the election commission's leadership has resigned.

2 outlets · 6 articles Jun 9

President Lee Returns from Europe Trip, Plans to Brief Diplomats and Press

President Lee Jae Myung has returned to Seoul after a 10-day trip to Europe that included visits to Belgium, Italy, and the Vatican, and attendance at the G7 summit in France. He is set to brief foreign ambassadors and the press on the trip's outcomes, which included agreements with Italy and discussions on inter-Korean peace with Pope Leo XIV.

1 outlet · 11 articles Jun 9

KRX Triggers Buy-Side Sidecar as KOSPI Surges on Middle East Peace Hopes

South Korea's stock exchange activated a buy-side sidecar as the KOSPI spiked on optimism over a potential U.S.-Iran deal. The surge, driven by tech stocks and AI sentiment, marks continued volatility in the market, with sidecar triggers this year reaching levels not seen since the 2008 financial crisis.

1 outlet · 4 articles Jun 9

South Korea to Mark 100th Anniversary of 1926 Student-Led Independence Movement

South Korea will commemorate the centennial of the June 10 independence movement with a ceremony in Seoul and posthumous honors for 13 participants, according to the veterans ministry and Yonhap reports.

1 outlet · 2 articles Jun 9

South Korean President Lee Heads to Europe for G7 Summit, Bilateral Talks

South Korean President Lee Jae Myung has embarked on a 10-day trip to Europe, which includes attending the G7 summit in France and visits to Belgium, Italy, and the Vatican. In Belgium, he and Prime Minister Bart De Wever agreed to expand investment in strategic industries and signed an MOU on SME cooperation.

1 outlet · 3 articles Jun 9

Lee Young-pyo predicts second-place finish for South Korea in World Cup group

Former World Cup hero Lee Young-pyo predicts South Korea will finish second in Group A behind Mexico, citing experience and Son Heung-min's crucial role in the upcoming match against the co-hosts.

1 outlet · 2 articles Jun 9

South Korea's Q1 GDP Growth Revised Up to 1.8%, Fastest in Over Five Years

South Korea's economy expanded 1.8% in the first quarter, the fastest quarterly growth in over five years, according to revised Bank of Korea data. Exports and facility investment led the surge, boosted by strong global demand for semiconductors. The central bank hinted at a possible upward revision to its annual growth forecast.

1 outlet · 3 articles Jun 9

Kim Jong-un and Xi Jinping Pledge New Era of Cooperation in Pyongyang Summit

North Korean leader Kim Jong-un and Chinese President Xi Jinping agreed to expand cooperation and strengthen strategic coordination during Xi's first visit to Pyongyang in seven years. While both sides hailed a new chapter in ties, analysts noted the absence of any public mention of North Korea's nuclear program, suggesting a shift in China's priorities.

6 outlets · 19 articles Jun 8

SK hynix accelerates HBM4 production with new equipment order and sample shipments

SK hynix has ordered HBM production equipment from Hanmi Semiconductor in a deal worth 44.2 billion won, reportedly to expand output for Nvidia. The company also began shipping samples of its 12-layer HBM4E chip to major customers, claiming over 20% power efficiency gains.

1 outlet · 2 articles Jun 8

Samsung Heavy Industries Secures Major FLNG Contract, Reports Vary on Value and Client

Samsung Heavy Industries has secured a contract to build a floating LNG facility, with reports differing on the deal's value and timeline. One report cites a 3.65 trillion-won deal with an African client, while another mentions a 4.33 trillion-won agreement with a North American client. A third report links the project to Louisiana, with government investment support.

1 outlet · 3 articles Jun 8

Special Counsel Seeks Two-Year Prison Term for Former President Yoon in Election Law Case

A special counsel team has requested a two-year prison sentence for former South Korean President Yoon Suk Yeol over alleged violations of the Public Officials Election Act during his 2022 campaign. Separately, police have referred Yoon to prosecutors for allegedly failing to report a luxury bag received by his wife, who is also on trial. Yoon was earlier sentenced to life imprisonment for his role in a martial law attempt.

1 outlet · 2 articles Jun 8

KOSPI plunges over 8% on tech sell-off, Fed rate worries; won rebounds after authorities' verbal intervention

South Korean stocks crashed more than 8% on Monday, triggering a circuit breaker, as investors fled tech shares amid U.S. inflation fears and AI profitability concerns. The won initially hit a 17-year low before rebounding after financial authorities' verbal intervention.

1 outlet · 6 articles Jun 8

Xi Arrives in Pyongyang for First Visit in Seven Years, Kim Offers Personal Welcome

Chinese President Xi Jinping arrived in Pyongyang for a two-day state visit, his first in nearly seven years, and was personally welcomed by North Korean leader Kim Jong-un at the airport. The visit underscores China's efforts to reinforce ties with its traditional ally amid growing intimacy with Russia, while the US and Japan reaffirmed their commitment to North Korea's complete denuclearization.

1 outlet · 6 articles Jun 8

Jeju Province Sends Medical Supplies and Citrus Saplings to North Korea

Jeju Province has shipped dialysis machines, tangerine saplings, and other supplies worth 160 million won to North Korea as part of an inter-Korean cooperation project. The items arrived at Nampho port on May 4, with approval from South Korea's unification ministry. This marks a rare humanitarian exchange amid strained inter-Korean relations.

1 outlet · 2 articles Jun 8

South Korean duo fall short at U.S. Women's Open as Korda claims title

Chun In-gee finished fourth and Kim Sei-young fifth at the 81st U.S. Women's Open, as Nelly Korda won her latest major. Both Koreans reflected on near misses, while rankings shifts followed the tournament.

1 outlet · 3 articles Jun 8

Xi calls for stronger China-North Korea ties in op-ed ahead of Pyongyang visit

Chinese President Xi Jinping published an op-ed in North Korea's Rodong Sinmun calling for deeper strategic communication and unwavering bilateral ties ahead of his first state visit to Pyongyang in nearly seven years. Xi emphasized a multipolar world, inclusive economic globalization, and upholding the UN-centered international system.

2 outlets · 4 articles Jun 8

South Korea's Kim Seung-gyu draws strength from newborn daughter in World Cup opener

South Korean goalkeeper Kim Seung-gyu, a new father, dedicated his performance in the team's 2-1 World Cup victory over Czechia to his newborn daughter, crediting a pre-match video call for an extra boost. The 35-year-old made crucial saves late in the match and spoke about his long journey back from injury and his rivalry with Jo Hyeon-woo.

1 outlet · 2 articles Jun 8

Lee to hold press conference marking first anniversary of inauguration

President Lee Jae Myung will hold a press conference on June 8 at Cheong Wa Dae to mark the first anniversary of his inauguration, where he will review his first year and outline policy goals for the second year. The event, his fourth since taking office, will cover economic, political, and social issues.

1 outlet · 3 articles Jun 7

South Korea's President Orders Probe Into Ballot Shortage, Calls for Election Commission Reform

President Lee Jae Myung of South Korea has expressed deep regret over ballot shortages that disrupted local elections, ordered a joint investigation by prosecutors and police, and proposed fundamental reform of the National Election Commission, possibly through a constitutional amendment. Thousands of protesters have demanded a rerun, while the president has rejected claims of election fraud.

2 outlets · 11 articles Jun 7

South Korean Authorities Pledge Stern Action Against Forex Speculation as Won Weakens

South Korea's top financial policymakers have vowed to take stern action against speculative trading amid the won's sharp decline to its weakest level since 2009. The government is launching inspections into possible illegal foreign exchange activities, while the customs agency has uncovered hundreds of billions of won in illegal trading this year.

1 outlet · 8 articles Jun 7