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Yonhap news agency is a sole news agency in South Korea that supplies domestic and foreign news and information to newspaper and TV broadcast[?] and other subscribers in South Korea. It was founded on December 19, 1980 after the merger of Hapdong News Agency[?] and Orient Press[?].

From the homepage:

As the sole news agency in the Republic of Korea, Yonhap maintains contracts, news exchange and cooperation agreements and other pacts with 47 foreign news agencies including AP, AFP[?], Xinhua[?], Kyodo, Itar Tass[?], and DPA.

Yonhap, the host news agency of the 1988 Seoul Summer Olympics[?],
is a company whose shareholders embrace all of South Korea's broadcasting networks and newspapers. Yonhap, elected twice to the board of the Organization of Asia-Pacific News Agencies(OANA), hosted the OANA Executive Board meetings in October 1982[?] and in September 1993[?] in Seoul.

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