Latest news with #Newsis
CTV News
2 days ago
- Climate
- CTV News
Heavy rains in South Korea leave 17 dead and 11 others missing
A damaged convenience store building is seen after heavy rains in Gapyeong, South Korea, Sunday, July 20, 2025. (Lee Young-hwan/Newsis via AP) SEOUL, South Korea — Torrential rains that slammed South Korea for five days have left 17 people dead and 11 others missing, the government said Sunday. One person was killed on Sunday after their house collapsed during heavy rain and another person was found dead after being swept away by a swollen stream in Gapyeong, a town northeast of Seoul, the Interior and Safety Ministry said. The ministry said 10 people were discovered dead and four others were reported missing in the southern town of Sancheong over the weekend after heavy downpours caused landslides, house collapses and flash floods there. A ministry report said that one person died in the southern city of Gwangju. It said that seven others remain missing in Gwangju, Gapyeong and elsewhere. Earlier last week, a person was also killed when their car was buried by soil and concrete after a retaining wall of an overpass collapsed in Osan, just south of Seoul, during heavy rain. Three others were found dead in a submerged car, a swollen stream and a flooded basement in southern South Chungcheong province. As of 4 p.m. on Sunday, about 2,730 people remain evacuated from their homes, the ministry report said. The rain stopped in most of South Korea on Sunday, and heavy rain alerts have been subsequently lifted throughout the country, ministry officials said. Since Wednesday, southern regions have received up to about 600-800 millimeters (24-31 inches) of rain, according to the ministry report. President Lee Jae Myung expressed deep sympathy to those who lost their loved ones and suffered financial damage due to the heavy downpours. Lee said the government will push to designate areas hit hard it by the downpours as special disaster zones. The designation would provide them with greater financial and other recovery support from the government.
CTV News
2 days ago
- Climate
- CTV News
Heavy rains in South Korea leave 14 dead and 12 others missing
A damaged convenience store building is seen after heavy rains in Gapyeong, South Korea, Sunday, July 20, 2025. (Lee Young-hwan/Newsis via AP) SEOUL, South Korea — Torrential rains that slammed South Korea for five days have left 14 people dead and 12 others missing, the government said Sunday. One person was killed on Sunday after their house collapsed during heavy rain and another person was found dead after being swept by a swollen stream in Gapyeong, a town northeast of Seoul, the Interior and Safety Ministry said. The ministry said eight people were discovered dead and six others were reported missing in the southern town of Sancheong on Saturday after heavy downpours caused landslides, house collapses and flash floods there. A ministry report said that six people remain missing in Gapyeong and the southern city of Gwangju. Earlier last week, three people were found dead in a submerged car, and a person was also killed when their car was buried by soil and concrete after a retaining wall of an overpass collapsed in Osan, just south of Seoul, during heavy rain. As of 9 a.m. on Sunday, about 3,840 people remain evacuated from their homes, the ministry report said. The rain stopped in most of South Korea on Sunday, and heavy rain alerts have been subsequently lifted throughout the country, ministry officials said. Since Wednesday, southern regions have received up to about 600-800 millimetres (24-31 inches) of rain, according to the ministry report.
Korea Herald
5 days ago
- Politics
- Korea Herald
Korean court rejects ex-leader Yoon's request to be freed
A South Korean court rejected ousted former President Yoon Suk Yeol's request to be freed from prison on Friday, Newsis news agency said, denying his argument that his detention during an investigation into his bid to impose martial law was unlawful. (Reuters)
Reuters
6 days ago
- Business
- Reuters
South Korea says framework US trade deal possible by August, farm market access on table
SEOUL, July 14 (Reuters) - South Korea's top trade envoy said on Monday it may be possible to strike an "in-principle" trade deal with the United States by an August 1 deadline and signalled Seoul may be open to allow greater access to its agriculture markets, local media reported. Minister for Trade Yeo Han-koo, who held high-level talks with U.S. officials last week, said South Korea was seeking to avoid "unfair" U.S. tariffs on sectors key to its industrial prowess that would undermine industrial cooperation with its main security ally and trading partner, media reports said. "I believe it's possible to reach an agreement in principle in the U.S. tariff negotiations, and then take some time to negotiate further," the Newsis news agency quoted Yeo as telling local media reporters. "Twenty days are not enough to come up with a perfect treaty that contains every detail." "We need to make a strategic judgment in the case of the agriculture and livestock sectors," Yeo was quoted as saying, adding "sensitive" areas may need continued protection but some aspects may be considered as part of the overall framework. There was "considerable progress" in the discussion with U.S. officials over cooperation in key industrial sectors as part of the trade talks, Yeo was cited as saying, but Washington needed to cut industry-specific tariffs on autos and steel. On Sunday in Maryland, U.S. President Donald Trump told reporters "South Korea wants to make a deal right now," without elaborating what would cement a deal or speculate on a time frame for getting negotiations done. South Korea is in a race to reach a compromise trade pact in the hope of avoiding a 25% tariff slapped on its exports by Trump that is set to kick in on August 1, after a late start to negotiations with a new president voted in last month. President Lee Jae-myung took office on June 4 following the ouster of his predecessor Yoon Suk Yeol over a failed martial law attempt. The six months of political turmoil forced Seoul to initially focus on technical discussions over Trump's demands. Top South Korean officials held meetings in Washington after Trump's announcement, including to negotiate cuts or exemptions from import duties on steel and autos. A senior South Korean trade official said earlier this month Washington had shown a willingness to consider exemptions on sectoral tariffs, as it had when agreeing a deal with Britain, if South Korea proposed a clear offer to reduce trade deficits. South Korea earned a record $55.6 billion trade surplus with the U.S. in 2024, up 25% from 2023, led by rising car exports, according to Korea Customs Service data. South Korea's effective tariff rates stand at near-zero under a free trade agreement first signed in 2007 then revised in 2018 under Trump's first term, according to economists.
Business Times
15-07-2025
- Business
- Business Times
South Korea says framework US trade deal possible by August, farm market access on table
[SEOUL] South Korea's top trade envoy said on Monday (Jul 14) it may be possible to strike an 'in-principle' trade deal with the United States by an Aug 1 deadline and signalled Seoul may be open to allow greater access to its agriculture markets, local media reported. Minister for Trade Yeo Han-koo, who held high-level talks with US officials last week, said South Korea was seeking to avoid 'unfair' US tariffs on sectors key to its industrial prowess that would undermine industrial cooperation with its main security ally and trading partner, media reports said. 'I believe it's possible to reach an agreement in principle in the US tariff negotiations, and then take some time to negotiate further,' the Newsis news agency quoted Yeo as telling local media reporters. 'Twenty days are not enough to come up with a perfect treaty that contains every detail.' 'We need to make a strategic judgment in the case of the agriculture and livestock sectors,' Yeo was quoted as saying, adding 'sensitive' areas may need continued protection but some aspects may be considered as part of the overall framework. There was 'considerable progress' in the discussion with US officials over cooperation in key industrial sectors as part of the trade talks, Yeo was cited as saying, but Washington needed to cut industry-specific tariffs on autos and steel. On Sunday in Maryland, US President Donald Trump told reporters, 'South Korea wants to make a deal right now', without elaborating on what would cement a deal or speculate on a time frame for getting negotiations done. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up South Korea is in a race to reach a compromise trade pact in the hope of avoiding a 25 per cent tariff slapped on its exports by Trump that is set to kick in on Aug 1, after a late start to negotiations with a new president voted in last month. President Lee Jae-myung took office on Jun 4 following the ouster of his predecessor Yoon Suk-yeol, over a failed martial law attempt. The six months of political turmoil forced Seoul to initially focus on technical discussions over Trump's demands. Top South Korean officials held meetings in Washington after Trump's announcement, including to negotiate cuts or exemptions from import duties on steel and autos. A senior South Korean trade official said earlier this month Washington had shown a willingness to consider exemptions on sectoral tariffs, as it had when agreeing a deal with Britain, if South Korea proposed a clear offer to reduce trade deficits. South Korea earned a record US$55.6 billion trade surplus with the US in 2024, up 25 per cent from 2023, led by rising car exports, according to Korea Customs Service data. South Korea's effective tariff rates stand at near-zero under a free trade agreement first signed in 2007, then revised in 2018 under Trump's first term, according to economists. REUTERS
