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Yonhap News Summary

All News 17:11 June 03, 2016

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

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(3rd LD) Gov't to regulate older diesel cars, promote EV to tackle fine dust

SEOUL -- The South Korean government on Friday said it will toughen restrictions on old diesel vehicles while promoting sales of environment-friendly cars to address public health concerns over fine dust.

At a gathering of senior policymakers chaired by Prime Minister Hwang Kyo-ahn, the government decided to take steps to make electric vehicles (EVs) account for 30 percent of all automobile sales by 2020.

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Daewoo Shipbuilding in final stage of crafting self-restructuring program

SEOUL -- Embattled shipbuilder Daewoo Shipbuilding & Marine Engineering Co. is in the final stage of mapping out its self-restructuring scheme to raise some 5.2 trillion won (US$4.39 billion), more than the previously proposed 4 trillion won, after coming under pressure from creditors and financial authorities to plan a stronger rehabilitation scheme, industry sources said Friday.

Under the plan being crafted, Daewoo Shipbuilding intends to sell two of its five floating docks, which could translate into a 30-percent cut in its overall production facilities.

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(LEAD) Shangri-La Dialogue to discuss N.K. nuclear issue, S. China Sea rows

SINGAPORE -- An annual regional defense ministers' summit, the Asia Security Summit, kicked off its three-day run in the city-state of Singapore on Friday, with North Korea's ever-growing nuclear ambitions and South China Sea rows expected to top this year's agenda.

The regional forum, also known as the Shangri-La Dialogue after its venue of the Shangri-La Hotel, will bring together defense ministers, security and diplomatic officials, as well as academics from 52 countries, including the host country, South Korea, the United States, China, Japan and France.

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Prosecutors summon former chiefs of Lotte Mart, Homeplus

SEOUL -- South Korean prosecutors on Friday questioned the former heads of major discount chains Lotte Mart and Homeplus as part of their high-profile probe into the toxic humidifier disinfectant scandal.

The Seoul Central District Prosecutors' Office summoned Lee Chul-woo, former chief executive of Lotte Mart, and Lee Seung-han, former president of Homeplus. Both led the companies when the retailers sold allegedly toxic humidifier disinfectants between 2004 and 2011.

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LG joins hands with cultural agency to promote cultural heritage

SEOUL -- South Korean tech firm LG Electronics Inc. on Friday said it has signed an agreement with the country's cultural agency to sponsor promotion projects for the nation's cultural assets.

Under the deal, LG will promote various cultural assets, such as palaces and castles, through advertisements on Times Square billboards in New York, it said.

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First KCON France draws curtains in Paris

SEOUL -- The world's largest K-pop festival wrapped up its latest edition in Paris with South Korean President Park Geun-hye as one of the guests, convention organizers said Friday.

The one-day KCON France, hosted by South Korean entertainment giant CJ E&M, wowed some 13,500 K-culture fans who swarmed to Accor Hotels Arena for the Korean pop culture event on Thursday night.
(END)

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