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Yonhap News Summary

2018/02/27 17:00

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


(2nd LD) Prosecutors demand 30 years in prison for ousted President Park

SEOUL -- Prosecutors on Tuesday demanded 30 years in prison for former President Park Geun-hye, who was ousted in a massive corruption scandal that toppled her from office early last year.

They also asked the Seoul Central District Court to fine her 118.5 billion won (US$110.4 million).


(2nd LD) Koreas hold talks on N.K.'s participation in Paralympics

SEOUL -- South and North Korea held working-level talks Tuesday to discuss details of the North's participation in the Paralympics to be held in the South next month.

Officials from the two sides met at the Tongilgak administrative building on the northern side of the Demilitarized Zone (DMZ) that bisects the two Koreas, according to Seoul's unification ministry.


(2nd LD) Chinese plane enters S. Korea's air defense zone: JCS

SEOUL -- China flew a military aircraft into South Korea's air defense identification zone (KADIZ) for over four hours Tuesday without giving prior notification, defense authorities here said.

The plane came close to South Korean territory, prompting the Air Force to scramble fighter jets to monitor its activity, according to the Joint Chiefs of Staff (JCS). More than 10 planes, including F-15ks and KF-16s, were dispatched.


S. Korea vows efforts to broker U.S.-N. Korea talks

SEOUL -- South Korea pledged on Tuesday to continue its efforts to broker dialogue between the United States and North Korea as the two countries still differ on the conditions for opening talks.

"In pursuing diplomacy on the North Korean nuclear program, South Korea will continue its efforts to persuade the North to quickly come to the table for U.S.-North Korea talks while also maintaining its close communications and consultations with the U.S. side," foreign ministry spokesman Noh Kyu-duk said in a press conference.


Video disclosed of Japan's massacre of Korean sex slaves during WWII

SEOUL -- A video was made public Tuesday for the first time of the scene of a 1944 massacre by Japanese troops of Korean women during World War II.

The video adds to the existing documentary evidence that the Japanese military shot 30 Korean girls to death in the western Chinese city of Tengchong, near Myanmar, on Sept. 13, 1944.


(3rd LD) BOK holds key rate steady at 1.50 pct in Feb.

SEOUL -- South Korea's central bank on Tuesday kept its key rate unchanged for the second month in a row as Asia's fourth-largest economy experiences slow growth momentum.

In a widely expected move, the monetary policy board of the Bank of Korea (BOK) voted to hold the key rate steady at 1.50 percent, maintaining its wait-and-see stance.


(2nd LD) S. Korea to swiftly discuss normalization plan for GM Korea: regulator

SEOUL -- South Korea's top financial regulator said Tuesday the government will swiftly proceed with negotiations with General Motors Co. on a turnaround plan, including the government's potential support measures, for the U.S. carmaker's troubled local unit.

Choi Jong-ku, chairman of the Financial Services Commission, told lawmakers that due diligence on GM Korea will be conducted without delay.


Creditors to hold meeting on fate of Kumho Tire

SEOUL -- Creditors of Kumho Tire Co. will hold a meeting this week to discuss the fate of the troubled tiremaker as its management and labor union failed to agree on a turnaround plan, the state-run creditor bank said Tuesday.

Korea Development Bank said it will hold the meeting on Wednesday.


Lotte Corp. merges with six units to enhance corporate transparency

SEOUL -- Lotte Corp., the holding company of Lotte Group, said Tuesday it has merged with six of its unlisted affiliates in a move by the retail giant to enhance transparency.

The mergers of the investment divisions of the six affiliates with the holding company were approved at the annual shareholders' meetings of the seven companies.