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Yonhap News Summary

2016/11/21 17:04

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

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(3rd LD) Opposition parties officially pursue Park's impeachment

SEOUL -- South Korea's two opposition parties formally decided to try to impeach President Park Geun-hye on Monday, one day after she was implicated as an accomplice in a corruption and influence-peddling scandal surrounding her confidante.

During a general meeting of lawmakers, the main opposition Democratic Party decided to set up a working-level apparatus for Park's ouster. Earlier in the day, the minor People's Party also adopted the impeachment push as its official line.

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N. Korean people ordered to prepare to move late leaders' portraits

SEOUL -- North Korea is making its people put together plans to move the relics and portraits of their late leaders -- Kim Il-sung and his son Jong-il -- to safe places in the event of an emergency like war, a U.S. broadcaster, monitored here, reported Monday.

"Of late, preparations to transfer the two Kims' relics and portraits displayed at the provincial artifacts centers are underway in case of a contingency," The Radio Free Asia (RFA) said, citing a source in the country's northeastern North Hamgyong Province.

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(2nd LD) S. Korean shares end lower on institutional selling

SEOUL -- South Korean shares closed lower Monday as institutions and retail investors sought to reduce risky shares ahead of what local analysts called an imminent U.S. rate hike. The local currency further lost ground against the U.S. greenback.

The benchmark Korea Composite Stock Price Index (KOSPI) lost 8.53 points, or 0.43 percent, to 1,966.05. Trading volume was slim at 213.7 million shares, worth 3.2 trillion won (US$2.7 billion) with losers outnumbering gainers 645 to 168.

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Trump set to implement change in N. Korean policies: lawmakers

SEOUL -- A group of South Korean lawmakers who visited the United States last week to meet experts with ties to U.S. President-elect Donald Trump said Monday that the new administration is set to bring various changes to North Korean policies which may potentially include dialogue.

During their visit, the bipartisan delegation met various officials to discuss various economic and political issues, as well as the future of the Seoul-Washington alliance. The experts included Richard Haas, who is considered a top foreign policy adviser to Trump.

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Accomplice in shooting deaths of 3 S. Koreans in Philippines arrested

SEOUL -- Police said Monday a 34-year-old South Korean suspected of collaborating with an accomplice in the shooting deaths of three compatriots in the Philippines last month was arrested.

The Seoul Metropolitan Police Agency (SMPA) said they arrested the man, identified only by his surname Kim, in Changwon, 400 kilometers southeast of Seoul, on Friday and asked a local court to issue a warrant to formally detain him.

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Scientists discover molecule to treat Alzheimer's disease

SEOUL -- A group of South Korean scientists has discovered a new molecule that can be used to treat Alzheimer's disease, the state-run science laboratory said Monday, a discovery that could help reduce the number of people suffering from the neurological disorder down the road.

Alzheimer's disease is a disorder characterized by cognitive symptoms of learning and memory deficits. Such cognitive impairments are attributed to brain atrophy resulting from progressive neuronal and synaptic loss.

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Songdo's mammoth project will kick off next year: lawmaker

INCHEON -- A project to surround the Songdo International City in Incheon, west of Seoul, with artificial canals and a lake is expected to kick off in the latter half of next year, a ruling party lawmaker said Monday.

"The Incheon city government and Incheon Free Economic Zone Authority (IFEZ) have agreed to start the 'Songdo Waterfront Project' in October next year," Rep. Min Kyung-wook of the Saenuri Party said at a news conference held after a meeting between the Incheon mayor, and ruling and opposition party lawmakers over the issue.

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