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Yonhap News Summary

2018/02/12 18:10

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

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S. Korea, Uzbek hold biz meeting over wider cooperation

SEJONG -- Businessmen from South Korea and Uzbekistan held a meeting in Tashkent on Monday to push for greater cooperation between the two nations, Seoul's finance ministry said.

The meeting, also attended by government officials from the both sides, including South Korean Finance Minister Kim Dong-yeon, was arranged to hear the voices of businessmen.

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China's envoy met with N. Korean delegation during Olympic visit: Beijing

BEIJING -- A high-ranking Chinese official met with Kim Yong-nam, the president of the Presidium of the North Korean assembly, during their visits to South Korea last week, China's foreign ministry confirmed Monday.

"Han Zheng, a member of the Politburo Standing Committee of the Communist Party of China, met with the head of the North Korean delegation and had exchanges during his visit to attend the PyeongChang Olympic Games as a special envoy of President Xi Jinping," Chinese Foreign Ministry spokesman Geng Shuang said in a press briefing.

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(LEAD) Seoul shares end higher on bargain hunting

SEOUL -- South Korean stocks ended higher Monday helped by bargain hunting by retail investors and gains on Wall Street. The Korean won rose against the U.S. dollar.

The benchmark Korea Composite Stock Price Index gained 21.61 points, or 0.91 percent, to close at 2,385.38. Trade volume was moderate at 344.76 million shares worth 6.41 trillion won (US$5.91 billion), with losers outnumbering gainers 458 to 361.

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N. Korea key topic at forum of S. Korean, Japanese lawmakers

SEOUL -- How to deal with North Korea was one of the main topics when lawmakers from South Korea and Japan held a discussion in Seoul on Monday, officials said, amid a thaw in inter-Korean relations spurred by North Korea's Olympics charm offensive.

Relations between South Korea and North Korea have warmed rapidly in recent weeks after North Korean leader Kim Jong-un said in his New Year's Day address that the country was willing to participate in the PyeongChang Winter Olympics. The two Koreas have since worked out the details and the North has sent not only athletes but also hundreds of other people as part of a cheering squad and an art troupe.

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S. Korea to abolish guardhouse system, appellate court

SEOUL -- The Ministry of National Defense on Monday announced a judicial reform plan focused on abolishing the military appellate court and the guardhouse system.

"The government has devised the military judicial reform plan with an aim to accommodate growing calls for innovation and to substantially guarantee conscripts' constitutional rights and human rights," the ministry said, adding the plan will be put into action as part of its wider military reform scheme.

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(LEAD) More funds of Samsung chairman found in borrowed name accounts

SEOUL-- Financial authorities have found more funds of Samsung Group's ailing chairman, Lee Kun-hee, in bank and brokerage accounts held under other people's names, a lawmaker said Monday, days after Lee was booked for suspected tax evasion.

In a report submitted to Rep. Park Chan-dae of the ruling Democratic Party, the Financial Supervisory Service said it has found that Lee kept money in 32 more "borrowed-name" accounts.

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