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Yonhap News Summary

2017/11/02 13:30

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The following is the first summary of major stories moved by Yonhap News Agency on Thursday.

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(2nd LD) Xi suggests 'sound, stable' China-N.K. ties in message to Kim

SEOUL -- Chinese President Xi Jinping sent a rare message to North Korean leader Kim Jong-un, expressing hope for "sound and stable" relations between the two countries, Pyongyang's state media reported Thursday in a probable sign of papering over their recent stand-offs.

Xi was replying Wednesday to Kim's congratulatory message last week on his re-election as the leader of the ruling Communist Party of China (CPC) at the 19th Congress of the party. Xi will remain in power at least until 2022.

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S. Korea's top diplomat to visit China to discuss cooperation

SEOUL -- South Korea's foreign minister is pushing to visit Beijing this month to meet her Chinese counterpart and discuss cooperation on North Korea and other issues of mutual concern, a diplomatic source said Thursday.

Kang Kyung-wha is seeking to meet Chinese Foreign Minister Wang Yi. Her trip to China will likely come later this month after accompanying President Moon Jae-in to Indonesia, Vietnam and the Philippines from Nov. 8-15, according to the source.

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Police set to restrict anti-U.S. rallies during Trump visit

SEOUL -- Police are set to restrict street rallies against the United States or President Donald Trump in areas near the presidential office in central Seoul during his visit to South Korea next week.

The Seoul Metropolitan Police Agency has given notices rejecting most of the 50 applications for rallies filed by 220 progressive civic groups under the name of Collective Action for "No Trump," according to police officials Thursday.

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Samsung Group affiliates make up third of market cap on main bourse

SEOUL -- Samsung Group shares account for roughly one-third of market capitalization on South Korea's main bourse as they continue to gain ground, data showed Thursday.

Finance market analyzer FN Guide put the total market cap of 15 Samsung Group affiliates at 529.36 trillion won (US$476.25 billion) as of Wednesday's closing. It marks a 9.04 percent increase since Oct. 10, when the main KOSPI market reopened after the 10-day Chuseok, or autumn harvest, holiday.

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S. Korean sales of Galaxy Note 8 hit 1 mln units

SEOUL -- The combined sales of Samsung Electronics Co.'s Galaxy Note 8 smartphone in South Korea have reached 1 million units, industry data showed Thursday, a little over a month after the device hit local shelves.

The South Korean tech giant started official sales of the 6.3-inch phablet on Sept. 21, selling 850,000 units through preorders, which kicked off a week earlier. The figure eclipsed numbers for the ill-fated Galaxy Note 7, which managed to draw in 380,000 preorders.

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(LEAD) S. Korea's top fair trade regulator calls for tougher biz reform

SEJONG -- The head of South Korea's antitrust watchdog urged local business heavyweights Thursday to put more effort into achieving fair competition and coexistence with smaller companies and regaining public confidence.

"I know our businesses have tried to make changes and helped smaller companies share the fruit (of our success)," Fair Trade Commission (FTC) Chairman Kim Sang-jo said before talks with leaders of the five top conglomerates. "But from ordinary people's point of view, there is still a long way to go."

  

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S. Korea should benchmark Germany to develop football: Bundesliga legend

SEOUL -- South Korean football legend Cha Bum-kun said Thursday his country should benchmark Germany to develop the sport in a healthy way.

Cha, arguably South Korea's best footballer ever, said he believes that the men's national football team can overcome its current crisis by learning from Germany, the defending FIFA World Cup champions and current No. 1 in the world.

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(Yonhap Feature) 'Warrior Division,' a gem of S. Korea-U.S. alliance

SEOUL -- The Joint Communique of the defense ministerial talks between South Korea and the U.S. last week included a clause that is quite meaningful but drew little media attention.

The statement said that Defense Minister Song Young-moo "expressed encouragement and gratitude to the 2nd Infantry Division for its contribution to the defense of the Korean Peninsula and peace in Northeast Asia."

  

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