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Yonhap News Summary

2018/04/17 12:17

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The following is the second summary of major stories moved by Yonhap News Agency on Tuesday.

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S. Korea's central bank chief to attend G-20 meeting

SEOUL -- South Korea's central bank chief will attend the upcoming Group of 20 meeting later this week to discuss current global financial and economic issues, the bank said Tuesday.

Bank of Korea (BOK) Gov. Lee Ju-yeol, who started his second four-year term in April, will head to Washington, D.C. on Wednesday for the G-20 Finance Ministers and Central Bank Governors meeting on Thursday and Friday, according to the BOK.

He will also participate in the International Monetary and Financial Committee (IMFC) conference the following day to exchange views on a global economic trend and policy coordination with world economic leaders.

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Seoul stocks down late Tuesday morning

SEOUL -- South Korean stocks traded lower late Tuesday morning as a foreign sell-off and losses in bio shares weighed down the market.

The benchmark Korea Composite Stock Price Index (KOSPI) shed 2.45 points, or 0.1 percent, to 2,455.04 as of 11:20 a.m.

The market opened trailing overnight gains on Wall Street, but it soon reversed course as foreign investors expanded their selling.

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Koreas in consultations for high-level talks this week

SEOUL -- South and North Korea are engaging in discussions to set the date for high-level talks later this week to arrange the agenda for next week's summit, an official at Seoul's unification ministry said Tuesday.

High-ranking officials from both sides are expected to meet this week to prepare for a summit to be held next Friday between President Moon Jae-in and North Korean leader Kim Jong-un.

A government official declined to give details for the high-level talks, but there is a possibility that the meeting could be held on Friday, according to a source.

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FSS chief 'politically accepts' verdict that led to his resignation

SEOUL -- Outgoing Financial Supervisory Service Gov. Kim Ki-sik, who offered to resign after an election committee claimed he violated a law when he was a lawmaker, said Tuesday that he "politically accepts" the verdict but refuted it as unconvincing.

Kim, who was appointed to the post earlier this month, expressed his intention to step down late Monday shortly after the National Election Commission (NEC) concluded that he could have broken a law in 2016, when he donated money to a lawmakers' association led by him.

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(LEAD) Samsung unveils 2018 edition of QLED TVs

(ATTN: ADDS details in paras 4-6)

SEOUL -- Samsung Electronics Co. on Tuesday showcased its latest premium QLED TV models in South Korea that boast various artificial intelligence (AI) features.

The South Korean tech giant said it will release 11 models with "intelligent displays," ranging from 55 to 82 inches throughout June, along with six more, including an 85-inch TV, by the end of this year. Samsung said it is especially focused on expanding its 2018 edition models that are sized 75 inches and above in line with market demand.

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BTS, Lee Joon-gi, Yoona voted hallyu stars of 2017: survey

SEOUL -- K-pop group BTS, actor Lee Joon-gi and actress Yoona have been chosen as the most popular "hallyu" stars of 2017, a survey showed Tuesday.

Soompi, a U.S.-based online news provider specializing in Korean pop culture, announced the winners of the 13th annual Soompi Awards, who were selected in a vote by over 163 million hallyu fans from over 190 countries around the world. Hallyu refers to the global boom of Korean pop music, TV dramas and films.

BTS won awards in five categories, taking away trophies for best artist, album, song, choreography and collaboration for its multiple releases across 2017 -- "You Never Walk Alone," "Love Yourself: Her" and a remix of "Mic Drop" featuring American DJ Steve Aoki and hip hop artist Desiigner.

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S. Korea, China to resume consultations on fisheries cooperation amid recovering ties

SEOUL -- South Korea and China will hold a meeting on fisheries cooperation next week, resuming the regular consultations that have been suspended for nearly two years over the neighbors' diplomatic feud, sources said Tuesday.

The two countries are currently discussing details of the 10th South Korea-China meeting on fisheries cooperation to be held in China sometime next week, the diplomatic sources said.

The meeting will bring together officials from the countries' foreign ministries as well as government agencies on fishing and maritime security to search for ways to stop illegal Chinese poaching on the South Korean side of the Yellow Sea.

(END)

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