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Yonhap News Summary

2017/11/28 17:09

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

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(LEAD) S. Korean stocks end higher on institutional buying

SEOUL -- South Korean stocks ended higher Tuesday helped by increased buying by institutions. The Korean won rose against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) added 6.38 points, or 0.25 percent, to 2,514.19.

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(LEAD) Speaker designates 25 subordinate budget bills as parties lock horns over spending plan

SEOUL -- National Assembly Speaker Chung Sye-kyun designated a series of subordinate bills for the government's 2018 budget proposals Tuesday, as rival parties engaged in grueling negotiations with the deadline for the budget approval just four days away.

Among 45 subordinate bills that the government and ruling and opposition parties proposed, Chung selected 25, including a disputed tax reform bill aimed at increasing tax rates for top-earning individuals and firms.

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S. Korea, China set for talks on fighting terrorism

SEOUL -- South Korea and China will hold talks this week in Beijing to discuss joint efforts to fight terrorism, the foreign ministry said Tuesday.

The anti-terrorism consultative meeting, slated for Thursday in the Chinese capital, will bring together the South Korean foreign ministry's Director-General for International Organizations Bureau Lee Jang-keun and his Chinese counterpart Liu Guangyuan as well as officials from other government bodies, the Ministry of Foreign Affairs said.

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(2nd LD) Moon replaces senior political aide amid corruption scandal

SEOUL -- President Moon Jae-in on Tuesday promoted his secretary for political affairs, Han Byung-do, to fill the void left by his former supervisor who resigned over a graft scandal earlier this month.

Han, a former first-term lawmaker, was named to replace Jun Byung-hun, who faces a bribery investigation.

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(Yonhap Feature) Relief and reflection after quake-delayed college entrance exam

SEOUL -- South Koreans heaved a collective sigh of relief Thursday when the annual college entrance test finished without disruption in the southeastern city of Pohang. The test, originally scheduled for a week before, was delayed across the country after a 5.4 magnitude earthquake rattled the city, injuring scores and damaging hundreds of buildings, including schools.

More than 20,000 police officers and fire fighters were deployed near the city's test sites, and about 200 buses were on standby to move students to alternative sites in case serious quakes occurred during the daylong exam. Despite a minor aftershock, the students ended the test safely.

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(LEAD) Google aims to use AI to benefit everyone

SEOUL-- Google Inc. aims to make artificial intelligence (AI) technology more available so it can benefit everyone, the company's engineers said Tuesday.

"Our goals are to make Google products more useful, help businesses and developers innovate, and provide researchers with tools to tackle humanity's big challenges," Jeff Dean, head of the Google Brain Team, told reporters.

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Prosecutors detain 3 Woori Bank officials over unfair hiring of employees

SEOUL -- Prosecutors detained three Woori Bank officials Tuesday over allegations of the lender's unfair hiring of employees last year.

It is the first time that Woori Bank officials have been taken into custody since the prosecution launched the investigation into allegations that the bank hired 16 entry-level staff last year who are related to senior government officials, important clients and other influential people.

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(2nd LD) China partly lifts bans on S. Korean trips

BEIJING/SHANGHAI/SEOUL -- China's tourism authorities decided Tuesday to partially lift its bans on group tours to South Korea, sources said, as Seoul and Beijing move to repair bilateral relations badly frayed by the deployment of a U.S. defense system in South Korea.

At meetings earlier in the day, China's National Tourism Administration made a decision to allow offline tourist agencies in Beijing and Shandong Province to sell package tours to South Korea, the industry sources said.

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