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South Korean news agency

Yonhap News Agency (Korean: 연합뉎슀) is a major South Korean news agency. It is based in Seoul, South Korea. Yonhap provides news articles, pictures and other information to newspapers, TV networks and other media in South Korea.

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U.S. Sanctions North Korean Generals, Entities for Supporting Russia's War

The U.S. Treasury and State Departments sanctioned 12 North Korean individuals and 7 entities for providing military and financial support to Russia's war in Ukraine and advancing North Korea's ballistic missile program, including two generals accompanying over 11,000 North Korean troops deployed to...

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South Korean President Impeached After Martial Law Declaration

South Korean President Yoon Suk Yeol was impeached on Saturday following his controversial declaration of martial law on December 3rd, which was met with widespread public outrage and led to a 204-85 parliamentary vote in favor of impeachment, with Prime Minister Han Duck-soo taking over as acting p...

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South Korea-U.S. Alliance Remains Strong Despite Impeachment

Acting President Han Duck-soo held phone calls with U.S. President Biden and USFK commander General LaCamera on December 15, following President Yoon Suk Yeol's impeachment, to reaffirm the strong South Korea-U.S. alliance and maintain joint defense posture against potential North Korean provocation...

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US Offers \$5 Million Reward for Information on North Korean IT Firms

The U.S. State Department is offering a \$5 million reward for information on two North Korean IT firms, Yanbian Silverstar and Volasys Silverstar, and 14 individuals accused of generating \$88 million in illicit revenue through the exploitation of workers and deception of U.S. businesses.

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"S. Korean Ex-Defense Minister Arrested in Connection with Alleged Presidential Insurrection"

"South Korean authorities arrested former Defense Minister Kim Yong-hyun on Wednesday for allegedly helping President Yoon Suk Yeol stage a six-hour-long insurrection last week, marking the first arrest in the ongoing investigation into the events."

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South Korea's Job Growth Slows to 123,000 in November Amid Sectoral Declines

South Korea added 123,000 jobs in November 2024, a slowdown from earlier in the year and attributed to losses in construction (-96,000), wholesale and retail (-89,000), and manufacturing (-95,000), while public health and social welfare saw growth (113,000).

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200 Russian and North Korean Soldiers Killed in Ukraine

Ukraine's Defense Intelligence estimates that about 200 Russian and North Korean soldiers were killed fighting in combined units against Ukrainian forces in the Kursk region, with a language barrier reportedly causing friendly fire incidents; Ukrainian President Volodymyr Zelenskyy warned of potenti...

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U.S. Affirms Alliance with South Korea Following President's Impeachment

Following South Korea's National Assembly vote to impeach President Yoon Suk Yeol on December 14th, the United States affirmed its commitment to the U.S.-South Korea alliance, expressing support for South Korea's democratic processes and its acting President Han Duck-soo. The impeachment stemmed fro...

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South Korean President Yoon Suk Yeol Impeached

The South Korean National Assembly impeached President Yoon Suk Yeol on December 14, 2024, following his declaration of martial law on December 3rd and subsequent accusations of abuse of power, with five members of his own party joining the opposition to support the motion.

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"South Korea's Credit Rating Remains Stable Despite Political Turmoil"

"Three major global credit rating agencies—Moody's, Fitch, and S&P—maintained South Korea's stable credit rating despite the recent political turmoil, including a short-lived martial law declaration and an upcoming impeachment vote, citing the country's strong government systems and proactive commun...

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Korean Air Completes Asiana Acquisition, Forming Global Mega-Carrier

Korean Air completed its acquisition of Asiana Airlines on December 11, 2024, creating a mega-carrier expected to rank 10th globally, after securing approval from 13 countries and addressing US competition concerns via code-sharing partnerships. This merger faces integration challenges and potential...

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Austin Reaffirms U.S. Security Commitment to South Korea, Japan Amid Regional Threats

U.S. Defense Secretary Lloyd Austin reaffirmed America's "ironclad" security commitment to South Korea and Japan during his December 10, 2024, visit to Tokyo, citing threats from North Korea, China, and Russia, and highlighting plans for enhanced trilateral cooperation and joint force headquarters.

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