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Yonhap News Summary

All News 17:40 January 22, 2016

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

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(LEAD) N. Korea detains American for hostile acts against Pyongyang

SEOUL -- North Korea said Friday that it has arrested a U.S college student for allegedly conducting hostile acts against the North's regime.

Warmbier Otto Frederick, a student at the University of Virginia in the U.S. is being questioned by North Korean officials after being caught taking part in anti-North Korea activity, the North's official Korean Central News Agency said in a brief dispatch.

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S. Korea to allow companies to fire 'noticeably' underperforming workers

SEOUL -- The government announced Friday contentious labor guidelines as part of its efforts to make the rigid labor market more flexible and help revitalize the sagging economy.

The guidelines finalized and released by the Ministry of Labor and Employment ease restrictions for employers to fire "noticeably" underperforming workers and allow companies to change employment rules more easily.

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(LEAD) Seoul shares soar on eurozone stimulus hopes

SEOUL -- South Korean stocks surged Friday as investor sentiment was lifted by rising hopes for the eurozone's stimulus. The local currency closed sharply higher against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) soared 38.9 points, or 2.11 percent, to end at 1,879.43 after trading almost flat throughout the afternoon session. Trade volume was high at 400 million shares worth 4.34 trillion won (US$3.62 billion), with winners beating losers 599 to 210.

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(2nd LD) Alpine skiing venue officially opens for competition

JEONGSEON, South Korea -- A South Korean alpine skiing venue for an upcoming Winter Games test event officially opened Friday, two days after receiving its approval from the sport's international governing body.

The Jeongseon Alpine Centre, the venue for the International Ski Federation (FIS) Alpine Skiing World Cup on Feb. 6-7, was declared ready for the competition in an opening ceremony.

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S. Korea denounces Japan for Dokdo claim

SEOUL/TOKYO -- South Korea called on Japan Friday to drop its reckless claim to sovereignty over a pair of rocky islets in the East Sea.

It was responding to a Tokyo speech by Japan's top diplomat Fumio Kishida. He reiterated that Dokdo belong to Japan and said his government will deliver the position constantly.
(END)

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