select languages
sns RSS mobile twitter
weather
mostview_topstock
mostview_bottom
latestnewslatestnews RSS
News Summary
Home > News Summary
Yonhap News Summary
The following is the second summary of major stories moved by Yonhap News Agency on Monday.

  
---------------
(LEAD) No plan to address controversy on banner at football match: official
SEOUL -- South Korea has no plan to address the controversy on a banner put up by local football fans during their country's recent match against Japan, an official said Monday.

   South Korea lost to Japan 2-1 in the final East Asian Cup match in Seoul on Sunday, as Japan captured the regional tournament for the first time.

  
---------------
Prosecution raids firm set up by ex-president's son
SEOUL -- State prosecutors on Monday raided a data security company established by a son of former President Chun Doo-hwan as part of efforts to collect massive unpaid fines levied on him for amassing large ill-gotten money during his presidency in the 1980s.

   Chun was ordered by a court in 1997 to return to the state coffers the 220 billion won (US$198.2 million) he was found to have illegally accumulated during his term. But he refused to make the payment, saying he was nearly penniless.

  
---------------
(LEAD) Seoul shares down 0.57 pct ahead of FOMC meeting
SEOUL -- South Korean stocks closed 0.57 percent lower Monday as investors took a wait-and-see approach ahead of the policy-setting meeting of the United States Federal Open Market Committee (FOMC) slated for this week, analysts said. The local currency rose against the U.S. dollar.

   The benchmark Korea Composite Stock Price Index (KOSPI) shed 10.92 points to close at 1,899.89. Trading volume was moderate at 331.6 million shares worth 4.08 trillion won (US$3.67 billion), with losers outpacing gainers 588 to 220.

  
---------------
Doosan chief likely to lead biz lobby KCCI
SEOUL -- Park Yong-maan, the chairman of Doosan Group, was nominated as head of the Seoul chapter of the Korea Chamber of Commerce and Industry (KCCI), one of the local leading business lobbies, the KCCI said Monday.

   The nomination is set to be endorsed by members of the Seoul Chamber of Commerce and Industry on Aug. 12, a routine selection process for a new chairman, the KCCI said in a statement.

  
---------------
N. Korean imports of Chinese grain drop 8.4 pct in H1
SEOUL -- North Korea's imports of Chinese grain fell 8.4 percent on-year in the first half of 2013 mainly due to a better harvest last fall, a report said Monday.

   The report by the Korea Rural Economic Institute (KREI) showed Pyongyang's imports of flour, rice, corn and other grain products reaching 124,228 tons in the January-June period, compared with 135,648 tons a year earlier

---------------
Ex-tax chief denies taking bribes from CJ
SEOUL -- A former chief of the national tax agency on Monday denied charges that he took bribes from CJ Group in return for providing favors during a tax audit into the local food and entertainment conglomerate.

   Jeon Goon-pyo, who led the National Tax Service (NTS) from July 2006 to November 2007, has been accused by his former staff of receiving cash and expensive watches from CJ Group in late 2006.

  
---------------
(LEAD) LG Uplus swings to black in Q2
SEOUL -- LG Uplus Corp., South Korea's No. 3 mobile carrier, said on Monday it swung to black in the second quarter from a year earlier thanks largely to increased profit from its wireless business.

   Net profit reached 81.5 billion won (US$73.5 million) in the April-June period, compared with a loss of 32.1 billion won a year earlier, the company said in a regulatory filing.

  (END)
HOMEtop