Yonhap — Page 33

Organization · 1160 published stories · 82 outlets

Lee Gains Stronger Mandate as Ruling Party Scores Landslide Victory in Local Elections

South Korea's ruling Democratic Party won a landslide victory in Wednesday's local elections, securing 12 of 16 key mayoral and gubernatorial races and nine of 14 National Assembly by-elections. President Lee Jae Myung pledged to cooperate with newly elected local governments regardless of party affiliation, while also expressing regret over ballot paper shortages that disrupted voting in Seoul. The main opposition People Power Party called for a revote over the irregularities.

1 outlet · 4 articles Jun 4

Seoul shares close at record high above 8,800 as AI rally powers KOSPI

South Korean stocks closed at a fresh record high above the 8,800-point level on Tuesday, driven by continued optimism over artificial intelligence and strong gains in chipmakers. The KOSPI added 13.11 points to end at 8,801.49, while the local currency fell sharply against the U.S. dollar. The rally comes amid a global AI-driven surge that has also lifted Japan's Nikkei above 68,000 for the first time.

2 outlets · 11 articles Jun 1

South Korea touts 'self-reliant' defense amid evolving North Korean and global threats

At the Shangri-La Dialogue in Singapore, South Korean Defense Minister Ahn Gyu-back emphasized Seoul's push for stronger self-reliant defense capabilities alongside deepening its alliance with the United States. He also highlighted North Korea's closer alignment with Russia as a 'key variable' in global security and met with counterparts from the Philippines, Norway, and Japan to discuss defense cooperation.

1 outlet · 5 articles May 31

South Korea's Rival Parties Make Final Push in Battleground Regions Ahead of June 3 Elections

As South Korea heads into June 3 local elections, the ruling Democratic Party and main opposition People Power Party are focusing their final campaigns on key battleground regions. The vote is widely seen as a test of President Lee Jae Myung's first year in office, with early voting turnout reaching a record 23.51 percent. A deadly explosion at a Hanwha Aerospace factory has prompted both parties to suspend or tone down campaign activities in the final days.

1 outlet · 4 articles May 31

Police accelerate probe into deadly Seoul overpass collapse

South Korean police have intensified their investigation into the collapse of the Seosomun Overpass in Seoul, which killed three people and injured three others. Raids have been conducted on the Seoul city government and contractors, and four engineering officials have been booked on suspicion of occupational negligence. The collapse occurred during a safety inspection after demolition work was halted due to structural concerns.

1 outlet · 5 articles May 31