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Yonhap News Summary

2018/03/05 13:32

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

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(2nd LD) Moon's envoy says trip aimed at facilitating U.S.-N.K. denuclearization talks

SEOUL -- South Korea seeks to persuade North Korea to resume denuclearization dialogue with the United States and the international community, the chief of a South Korean delegation to the North said of his mission Monday, hours before the five-member team leaves for the reclusive state.

"Most of all, I will deliver President Moon Jae-in's sincere and firm resolution to maintain the dialogue and improvement in relations between the South and the North, which were fostered on the occasion of the PyeongChang Winter Olympics, to denuclearize the Korean Peninsula," Chung Eui-yong told a press briefing.

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(LEAD) N.K. reports S. Korean delegation's planned trip to Pyongyang

SEOUL -- South Korean President Moon Jae-in's special envoys will visit Pyongyang "soon," North Korea's state media reported Monday in a short dispatch.

A delegation led by Chung Eui-yong, the chief of the presidential National Security Office, will visit the North soon, the Korean Central News Agency (KCNA) said, without elaborating on details.

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S. Korea, U.S. to start military cost-sharing talks this week

SEOUL -- South Korea and the United States will open negotiations this week to renew their cost-sharing agreement for about 28,500 American troops stationed here, the foreign ministry said Monday.

The first round of meetings will be held in Honolulu, Hawaii, from Wednesday to Friday. The current arrangement signed in 2014 is set to expire on Dec. 31.

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(LEAD) Main opposition chief agrees to join Moon's meeting with party leaders

SEOUL -- Hong Joon-pyo, the leader of the main opposition Liberty Korea Party (LKP), agreed to join this week's meeting between President Moon Jae-in and political leaders, his aide said Monday.

Moon will host the meeting with the leaders of five parties at Cheong Wa Dae on Wednesday, focusing on recent developments in cross-border relations, and other security and diplomatic issues, presidential aides said.

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U.S. says denuclearization remains goal of any engagement with N.K.

WASHINGTON -- Denuclearization will remain the goal of any engagement with North Korea, the U.S. State Department said Sunday, as South Korea prepared to send a high-level delegation to the reclusive regime.

The five-member delegation led by President Moon Jae-in's chief national security adviser, Chung Eui-yong, will visit Pyongyang Monday, the South's presidential office, Cheong Wa Dae, said earlier in the day.

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Trump has not mentioned exemptions to steel tariffs: U.S. commerce secretary

WASHINGTON -- U.S. President Donald Trump has so far made no indication he will exempt certain countries from tariffs on steel imports, U.S. Commerce Secretary Wilbur Ross said Sunday.

Trump is expected to impose tariffs on steel and aluminum imports this week, a move certain to affect South Korean steel producers. On Thursday, he said he would introduce a tariff of 25 percent on steel and 10 percent on aluminum.

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Chinese investors turn net buyers of Korean stocks in 2017

SEOUL -- Chinese investors turned net buyers of South Korean stocks in 2017 as Seoul and Beijing mended fences after a row over an advanced U.S. missile shield, data showed Monday.

Investors from the neighboring country bought a net 388 billion won (US$358 million) worth of South Korean stocks last year, a sharp turnaround from net selling worth 1.6 trillion won in 2016 and 136 billion won the previous year, according to the data from the Financial Supervisory Service.

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GM Korea's Changwon plant suffers tumbling sales over 4 years

SEOUL -- Sales of vehicles made at GM Korea's plant in the southern city of Changwon have plunged 40 percent over the last four years, industry data showed Monday, casting doubt on its future viability.

GM Korea's Changwon plant produces the Spark city car, and Damas and Labo small commercial vehicles. It is one of GM Korea's three plants in South Korea. The two others are in Gunsan on the west coast and Bupyeong south of Seoul.

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S. Korea starts annual training for 2.75 mln reservists

SEOUL -- South Korea began its regular training session Monday for the nation's 2.75 million-strong reserve forces, according to the Ministry of National Defense.

They will go through three-day trainings in consecutive order at more than 260 sites nationwide, it said.

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