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Yonhap News Summary

2018/05/18 17:33

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


Court recognizes surrogate mother as legal parent

SEOUL -- A court ruled Friday that a surrogate mother is legally the parent of the child she has given birth to, instead of the genetic parents.

The Seoul Family Court made the appellate decision against a couple who filed the suit against a local district office for refusing to take the couple's application to register the child's birth.


Businessmen renew call to visit shuttered industrial complex in N. Korea

SEOUL -- A group of South Korean businessmen on Friday renewed their call to visit the shuttered industrial complex in North Korea to inspect facilities they left behind.

The latest request came amid fresh tensions on the Korean Peninsula over North Korea's threat to freeze inter-Korean dialogue in protest against an ongoing joint air drill between South Korea and the United States.


(LEAD) Seoul stocks close higher on institutional buying

SEOUL -- South Korean stocks finished higher on Friday as institutional buyers scooped up large-cap shares on news that China had offered to reduce its trade surplus with the United States. The Korean won rose against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) added 12.2 points, or 0.5 percent, to close at 2,460.65. Trade volume was moderately high at 424.4 million shares worth 6.3 trillion won (US$6.1 billion), with gainers outnumbering losers 608 to 225.


Air Force attributes April fighter crash to pilot's error

SEOUL -- South Korea's Air Force on Friday attributed last month's deadly fighter jet crash to a pilot's failure to maintain a safe flight altitude while focusing on the proper distance from a plane in front, officials said.

On April 5, the F-15K warplane of the 11th Fighter Wing crashed into a 839-meter-high mountain in Chilgok, North Gyeongsang Province, killing two pilots in their 20s.


Moon looks to narrow gap between U.S., N.K. at summit with Trump

SEOUL -- South Korean President Moon Jae-in will try to use his summit with U.S. President Donald Trump to broker a nuclear deal between the United States and North Korea, a presidential aide said Friday.

The meeting is scheduled for Tuesday in Washington, three weeks before the U.S. president and North Korean leader Kim Jong-il hold their first summit in Singapore.


KDB, GM ink deal to rescue GM Korea

SEOUL -- State-run Korea Development Bank (KDB) and General Motors Co. on Friday signed a binding agreement on the rescue package for the U.S. carmaker's local unit, GM Korea Co., an industry source said.

Details of the agreement were not disclosed due to confidentiality obligations, but Friday's signing ended months of uncertainty surrounding GM Korea.


Moon commemorates 1980 democratic movement with pledge to find truth

SEOUL -- President Moon Jae-in on Friday commemorated the Gwangju pro-democracy uprising in 1980, with a renewed pledge to bring to justice those responsible for the military's bloody crackdown.

"Today, I solemnly commemorate those killed in Gwangju and look back on the tears of many citizens who did not hold back to defend the values of democracy," Moon wrote in a Facebook message.