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Yonhap News Summary

2018/05/10 17:16

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

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(3rd LD) Kim says Trump meeting will be positive for Koreas

SEOUL -- North Korean leader Kim Jong-un has said that his upcoming meeting with U.S. President Donald Trump will be a positive development in light of recent tensions on the Korean Peninsula.

Kim made the remark to visiting U.S. Secretary of State Mike Pompeo on Wednesday, the North's state media reported. Pompeo was in Pyongyang, a second visit to the reclusive country in more than a month.

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(2nd LD) Trump welcomes arrival of three Americans released from N. Korea

SEOUL -- U.S President Donald Trump on Thursday welcomed the arrival of three Americans released by North Korea a day earlier in yet another conciliatory gesture ahead of the upcoming summit between the two countries.

Kim Dong-chul, Tony Kim and Kim Hak-song -- all Korean-Americans who were detained on charges of espionage or "hostile acts" against the communist regime -- were set free after U.S. Secretary of State Mike Pompeo met North Korean leader Kim Jong-un in Pyongyang for the second time in 40 days.

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(2nd LD) GM Korea to get US$7.15 bln investment in rescue deal

SEOUL -- The South Korean government and General Motors Co. agreed to a US$7.15 billion lifeline to keep afloat the U.S. carmaker's ailing local unit, officials here said Thursday.

Under the agreement, GM will convert $2.8 billion worth of debt owed by GM Korea Co. into shares and extend loans worth $3.6 billion to the local unit for facility investment, South Korean Finance Minister Kim Dong-yeon told reporters.

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(LEAD) GM to establish Asia Pacific headquarters in S. Korea

SEOUL -- General Motors Co. will establish an Asia Pacific headquarters in South Korea and push for the manufacturing of key auto parts in its local design and technology center as part of its effort to show long-term commitment to growth in the country, Seoul's commerce ministry said Thursday.

Paik Un-gyu, South Korean minister of trade, industry and energy, and GM International President Barry Engle signed a memorandum of understanding (MOU) on cooperation for development of South Korea's auto industry.

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(2nd LD) S. Korean foreign minister to meet Pompeo in D.C.

SEOUL -- South Korean Foreign Minister Kang Kyung-wha will travel to the United States this week for talks with Secretary of State Mike Pompeo on North Korea and alliance issues, her ministry announced Thursday.

Kang plans to hold her first official meeting with Pompeo as Seoul's top diplomat in Washington D.C. on Friday, and they will hold a joint press conference, the ministry said.

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