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Yonhap News Summary

All News 17:07 January 19, 2016

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

S. Korea hits back after Abe denies forced nature of sex slavery

SEOUL -- South Korea made clear Tuesday that Korean women were forced against their will to provide sexual services for Japanese soldiers during World War II, rebutting contrary claims by the Japanese prime minister.

South Korea and Japan reached a landmark deal last month to resolve the issue of the so-called comfort women through an apology from Japanese Prime Minister Shinzo Abe and payment of Japanese state-funded reparations to the South Korean victims.

S. Korea's venture investment hits record high in 2015

SEOUL -- South Korea's venture-related investments reached an all-time high in 2015, fueled by a spike in the number of promising start-up companies and more funds in the market, official data showed Tuesday.

Investments in venture companies totaled 2.08 trillion won (US$1.72 billion) last year, a 27.2 percent surge from just under 1.64 trillion won a year earlier, according to the data by the Small and Medium Business Administration (SMBA).

(LEAD) Seoul shares up 0.6 pct on China stimulus hopes

SEOUL -- South Korean stocks rose 0.6 percent on Tuesday as investors bet on another Chinese stimulus after data showed weaker growth of the world's No. 2 economy. The Korean won gathered ground against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) added 11.19 points to end at 1,889.64. Trade volume was moderate at 327 million shares worth 4.43 trillion won (US$3.67 billion), with losers beating winners 505 to 304.

Park calls for fundamental measures against child abuse

SEOUL -- President Park Geun-hye instructed officials Tuesday to come up with fundamental measures to prevent child abuse following the arrest of a couple over the death of their son.

She called on school and other relevant authorities to quickly confirm and take necessary actions if a student remains absent from school for a long time.

Umbrella union walks out of talks with gov't, management

SEOUL -- South Korea's major umbrella labor union declared Tuesday the breakdown of a trilateral deal on labor reform, citing the government's "unilateral" push for a plan to make the labor market more flexible.

It also said it will not participate in future talks with management and the government to address major labor issues.ci

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