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Yonhap News Summary

All News 13:30 January 22, 2016

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

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(LEAD) Chief nuclear envoys of Japan, China hold talks on N. Korea
(ATTN: ADDS details in para 5)

BEIJING -- The chief nuclear envoys of Japan and China held talks in Beijing this week during which they discussed North Korea's nuclear issue, China's foreign ministry said Friday.

Kimihiro Ishikane, director-general of the Japanese foreign ministry's Asian and Oceanian Affairs Bureau, met his Chinese counterpart, Wu Dawei, on Thursday, the Chinese ministry said in a brief statement.

The two sides "exchanged views on the Korean Peninsula nuclear issue," the statement said, without elaborating further.

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(LEAD) Park proposes five-nation talks over N. Korea
(ATTN: UPDATES with more comments by Park)

SEOUL -- President Park Geun-hye proposed Friday that South Korea hold talks with the United States, China and other regional partners to discuss ways to denuclearize North Korea.

"We should find various and creative approaches, including attempting to hold five-way talks excluding North Korea," Park said in a meeting with officials on how to deal with North Korea.

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Seoul shares up 1.74 pct in late morning trade

SEOUL -- South Korean stocks traded 1.74 percent higher Friday morning as investors' sentiment was boosted by the possible quantitative easing moves hinted by the eurozone.

The benchmark Korea Composite Stock Price Index (KOSPI) climbed 32.04 points to 1,872.57 as of 11:20 a.m.

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(LEAD) Gov't to unveil possible 4th mobile carrier next week

SEOUL -- South Korea's ICT ministry said Friday it will determine whether to license the country's fourth mobile carrier next week after months of deliberation on candidates.

The three candidates passed an initial government assessment in November in line with the ministry's plan to inject more competition into the market, which is currently dominated by only three -- SK Telecom Co., KT Corp. and LG Uplus Corp.

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S. Korean watchdog probing Volkswagen over advertising

SEJONG -- South Korea's antitrust watchdog has opened a formal investigation into suspicions that Volkswagen AG misled consumers with false and exaggerated advertisements on their vehicles that have been cited for emissions cheating, a source said Friday.

The source at the Fair Trade Commission (FTC) said Volkswagen is under investigation because it sent out ads claiming its diesel vehicles passed U.S. and European emissions tests in flying colors, and in particular, the Euro 5 standard.

(END)

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