Yonhap

From Wikipedia, the free encyclopedia

Yonhap

Hangul	연합뉴스 (주)
Hanja	聯合뉴스 (株)
Revised Romanization	Yeonhap Nyuseu (Ju)
McCune-Reischauer	Yŏnhap Nyusŭ (Chu)

Yonhap News Agency is a news agency in South Korea that supplies domestic and foreign news and information to newspaper and TV broadcast and other subscribers in South Korea. Yonhap (meaning "consolidated" in Korean) was established on December 19, 1980 through the merger of Hapdong News Agency and Orient Press on the model of Japan's Kyodo News Agency. It maintains various agreements with 48 non-Korean news agencies, and also has a services-exchange agreement with North Korea's KCNA agency.^[1]

Yonhap was the host news agency of the 1988 Seoul Summer Olympics, and was elected twice to the board of OANA.

Yonhap is South Korea's official news agency. It is the largest news agency in South Korea^{[citation needed]} and receives an annual government subsidy of about US$20 million.^{[citation needed]} Its largest shareholder is the Korean Broadcasting System (KBS), South Korea's largest public broadcaster. KBS is owned and operated by the government of South Korea.