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Yonhap News Summary

2017/10/13 18:30

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

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(LEAD) Seoul court extends ex-president's detention

SEOUL -- A Seoul court on Friday extended the detention of former President Park Geun-hye who stands trial in a massive corruption case that led to her ouster early this year.

The Seoul Central District Court approved an additional arrest warrant for Park, acknowledging that she may destroy evidence.

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(LEAD) Seoul stocks retreat from record high

SEOUL -- South Korean stocks fell slightly Friday, pulling back from a record high, led by a sell-off by foreign and local retail investors. The Korean won rose against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) fell 1.14 points, or 0.05 percent, to close at 2,473.62. Trade volume was moderate at 233 million shares worth 6.7 trillion won (US$5.93 billion).

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Oliver Stone says Weinstein shouldn't be condemned in sex scandal

BUSAN -- American master director Oliver Stone said on Friday that movie mogul Harvey Weinstein should not be condemned until he is proven guilty of sexual abuse.

"I'm a believer that you wait until this thing gets to trial," the director said at the 22nd Busan International Film Festival where he is serving as chair of the event's competition jury. "I believe a man shouldn't be condemned by a vigilante system. It's not easy what he's going through, either."

  

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British tenor Paul Potts to sing in halftime show of S. Korean pro football match

SEOUL -- British tenor Paul Potts, who gained international stardom after winning a talent contest in 2007, will perform in the halftime show of a South Korean pro football league match this weekend, the event's organizer said Friday.

Suwon Samsung Bluewings said Potts will sing at halftime of their K League Classic match against Ulsan Hyundai FC at Suwon World Cup Stadium in Suwon, Gyeonggi Province, on Sunday.

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S. Korea, Indonesia in 'close consultations' over KF-X program cost

GWACHEON -- South Korea and Indonesia are maintaining a close partnership over a fighter jet development project, code-named KF-X, despite concerns about agreed cost sharing, Seoul's arms agency said Friday.

Last year, the two countries signed a deal that calls for Jakarta to pay 20 percent of the total cost, estimated at 8.1 trillion won (US$7.1 billion). The program, led by South Korea, aims to develop 4.5th-generation fighter jets by the mid-2020s.

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S. Korea, U.S. to hold joint maritime drills against N. Korea

SEOUL -- The South Korean and U.S. navies will kick off high-profile joint drills off the coast of the peninsula next week, the allies announced Friday.

The two sides plan to conduct the Maritime Counter Special Operations exercise (MCSOFEX) from Oct. 16-26, in the East Sea and the Yellow Sea, also known as the West Sea.

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Parties welcome extension of S. Korea-China currency swap deal

SEOUL -- South Korea's political parties welcomed the agreement between Seoul and Beijing to extend their currency swap deal Friday as an opportunity to defuse tensions over the deployment of a U.S. missile defense system to Korea and enhance mutual trust.

The two sides agreed to renew the arrangement worth 64 trillion won (US$55 billion) this week amid growing concerns that the diplomatic feud over the installation of the Terminal High Altitude Area Defense (THAAD) system could stymie their financial cooperation.

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