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Yonhap News Summary

2018/08/08 17:09

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

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Samsung Electronics to invest 180 tln won over next 3 years

SEOUL -- Samsung Electronics Co. said Wednesday it plans to invest 180 trillion won (US$160 billion) over the next three years, apparently in response to the South Korean government's request to expand investment and employment.

The South Korean tech giant said it decided to expand investment to revitalize the national economy and foster new growth engines. The company also decided to directly hire 40,000 more employees in the cited period.

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S. Korean taekwondo athletes vow to prove reputation at Asian Games

JINCHEON, South Korea -- South Korea aims to win nine gold medals in taekwondo at this year's Asian Games, hoping it can reaffirm its reputation as the birthplace of the martial art.

South Korea will send 18 taekwondo practitioners -- 10 for sparring, also known as "kyorugi," and eight for poomsae -- to the Asian Games in Indonesia. All taekwondo events will be held at JCC Plenary Hall in Jakarta from Aug. 19-23.

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Asiana shifts to H1 net loss on FX losses, fuel costs

SEOUL -- Asiana Airlines Inc., South Korea's second-biggest airline by sales, said Wednesday it swung to a net loss in the first half as a strong won drove up currency losses and fuel costs.

Asiana Airlines reported it was in the red by 54.8 billion won (US$49 million) for the January-June period, shifting from a net profit of 21.3 billion won a year earlier, the company said in a statement.

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S. Korea, Panama to seek closer economic ties in vice FM talks

SEOUL -- Senior South Korean and Panamanian diplomats will hold talks here later this week on deepening economic and other ties between the two sides, Seoul's foreign ministry said Wednesday.

In a meeting with María Luisa Navarro, Panama's vice minister for multilateral affairs and cooperation, on Friday, her South Korean counterpart Cho Hyun plans to discuss ways to promote bilateral trade.

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Ex-tax agency chief acquitted in NIS fund trial

SEOUL -- A Seoul court acquitted a former national tax agency chief Wednesday of charges that he conspired with the state intelligence agency in a covert operation to uncover alleged wrongdoing by late former President Kim Dae-jung.

Former National Tax Service (NTS) chief Lee Hyun-dong was indicted in March for allegedly causing about 600 million won (US$553,000) in losses to state coffers and taking 120 million won in bribes from the agency to carry out the operation against the former president between 2010-2012 during the then Lee Myung-bak government.

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Dodgers' Ryu Hyun-jin solid in 2nd straight rehab start

SEOUL -- The injured Los Angeles Dodgers pitcher Ryu Hyun-jin has tossed another solid game in minor league rehab as he inches toward a return to the bigs.

Pitching for the Dodgers' Triple-A club, the Oklahoma City Dodgers, the South Korean left-hander held the Reno Aces (an Arizona Diamondbacks affiliate) to one earned run on five hits over five innings at Greater Nevada Field in Reno, Nevada, on Tuesday (local time). Ryu struck out three and didn't walk any.

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S. Korea aims to complete probe on cause of BMW fires this year

SEOUL -- South Korea is moving to complete an investigation into the cause of fires in BMW vehicles within this year, while considering adopting punitive damages against carmakers that fail to meet safety requirements, the transport ministry said Wednesday.

During her visit to the state-run Korea Transportation Safety Authority (TS), Kim Hyun-mee, minister of land, infrastructure and transport, called on automotive engineers and experts to finish a probe into the cause of recent fires by December.

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