Go Search Go Contents Go to bottom site map

Yonhap News Summary

2018/03/07 17:00

Article View Option

The following is the seond summary of major stories moved by Yonhap News Agency on Wednesday.


(LEAD) Seoul stocks close lower on lingering concerns of trade war

(ATTN: ADDS bond yields at bottom)

SEOUL -- South Korean stocks closed lower Wednesday over lingering fears of a global trade war after a key advocate of free trade and aide of U.S. President Donald Trump resigned. The Korean won rose against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) fell 9.59 points, or 0.4 percent, to close at 2,401.82. Trade volume was moderate at 405 million shares worth 8.02 trillion won (US$7.5 billion).

The local stock market opened lower as foreign and institutional investors remained net sellers of local stocks.


FM Kang to attend EU's foreign council meeting this month

SEOUL -- Foreign Minister Kang Kyung-wha will attend the European Union's foreign ministerial meeting this month to discuss the latest progress in inter-Korean relations, the foreign ministry said Wednesday.

Her attendance at the Informal Foreign Council of the EU on March 19 has been arranged at the invitation of the EU. It's the first time a South Korean foreign minister will attend the monthly meeting of foreign ministers of the EU member countries, according to the Ministry of Foreign Affairs.

The council, presided over by EU High Representative for Foreign Affairs and Security Policy Federica Mogherini, exceptionally invites officials from outside of EU to discuss major foreign affairs issues.


S. Korea vows efforts for better inter-Korean ties

SEOUL -- The South Korean government will make efforts to keep alive the current reconciliatory mood between the two Koreas to improve inter-Korean ties and bring peace to the divided peninsula, the South's pointman on North Korea said Wednesday.

Unification Minister Cho Myoung-gyon's remarks came one day after the government announced that South and North Korea have agreed to hold a summit in late April in the wake of South Korean special envoys' trip to the North.

"The government will utilize the current momentum to develop inter-Korean ties in a stable manner and bring peace to the Korean Peninsula," Cho said in a congratulatory speech at an event hosted by the Korean Council for Reconciliation and Cooperation (KCRC), the country's major pro-unification group.


(LEAD) Moon reiterates denuclearization goal, rules out eased sanctions on N.K.

(ATTN: UPDATES throughout with new info)

SEOUL -- President Moon Jae-in reiterated Wednesday that South Korea won't settle for anything short of the ultimate goal of the denuclearization of North Korea.

During a meeting with party leaders, Moon also said he has no plan to ease sanctions against Pyongyang for the sake of his summit with North Korean leader Kim Jong-un slated for late next month.

Moon hosted the lunch meeting with the leaders of five political parties, including the ruling Democratic Party and the main opposition Liberty Korea Party, to explain the results of his special envoys' two-day visit to the North this week.


Prosecutors' office requests firing of senior prosecutor charged with sexual misconduct

SEOUL -- The Supreme Public Prosecutors' Office requested Wednesday that the justice ministry fire a senior prosecutor who has been arrested and indicted on charges of sexual misconduct, officials said.

The 48-year-old prosecutor, identified by his surname Kim, was arrested last month for allegedly making forced physical contact with a junior female prosecutor subordinate to him during an office dinner in January. He was later found to have sexually abused another colleague.

Kim has admitted to the charges.


Super Junior to drop repackaged album next month

SEOUL -- Popular K-pop boy band Super Junior will release new songs in a repackaged album next month, the group's management agency said Wednesday.

The new release will be the repackaged edition of the group's eighth full-length album "Play," which was released in November, Label SJ, affiliated with the S.M. Entertainment, said without giving the date of the group's return.

Choi Siwon, the member who is taking time for self-reflection after a fatal incident involving his family's pet dog, will take part in the new album, according to the company.


S. Korean doctor feels proud to present Paralympics award at home

SEOUL -- South Korean doctor Whang Youn-dai said Wednesday she feels proud to present a Paralympics award named after her in her home country for the first time in 30 years.

The International Paralympic Committee (IPC) established "Whang Youn Dai Achievement Award," at the 1988 Summer Paralympics in Seoul to recognize Whang's lifelong contributions to people with impairments. The award, formerly named "Whang Young Dai Overcome Prize" until 2006, has been presented to two athletes -- a male and a female -- at the end of each Paralympic Games.

"Thirty years is not a short time," Whang said. "I feel proud as a Korean that such an award is given under the name of a woman in a small country."


S. Korea, UAE to hold economic cooperation meeting this week

SEJONG -- South Korea and the United Arab Emirates (UAE) will hold an economic cooperative meeting this week to discuss a wide array of pending issues, the finance ministry here said Wednesday.

In the sixth round of talks slated for Friday in Seoul, South Korea's Finance Minister Kim Dong-yeon and his UAE counterpart Sultan Saeed Nasser Al Mansoori will seek to cooperate in the energy and infrastructure sectors, as well as in the fourth industrial revolution and science technology segments.

South Korea and the UAE have been holding the minister-level economic meetings in order to strengthen bilateral cooperation in the energy, infrastructure and intellectual property sectors.