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Yonhap News Summary

All Headlines 18:23 September 02, 2016

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

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Samsung announces global recall of Galaxy Note 7

SEOUL -- Samsung Electronics Co. on Friday announced an unprecedented global recall of its Galaxy Note 7 after several of the phablets caught fire while being charged, promising to offer new replacements to all of the buyers at home and abroad.

Samsung apologized for the recall in a news conference in Seoul, saying that its investigation has found the fire was caused by faulty battery cells.

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(2nd LD) Park leaves for Russia to attend economic forum, summit with Putin

SEOUL -- President Park Geun-hye on Friday left for Vladivostok, Russia, to attend an economic forum and a summit with her Russian counterpart Vladimir Putin, as part of her eight-day trip that also includes visits to China and Laos.

In the eastern Russian port city, Park will attend the annual Eastern Economic Forum (EEF), a venue to discuss ways to bolster regional cooperation in developing Russia's resource-rich Far East.

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Rapper Psy founds new label under YG Entertainment

SEOUL -- South Korean rapper Psy has established his own music label, his management agency said Friday.

"Psy founded PSYG, an independent label under YG. He has already finished the relevant documentation work in June," YG Entertainment said.

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(2nd LD) E-Land sells casual fashion brand for US$890 mln

SEOUL -- South Korean fashion and retail conglomerate E-Land Group said Friday it has sold Teenie Weenie, a casual clothing brand, to a Chinese women's fashion brand for 1 trillion won (US$890.7 million) as part of efforts to cut its debt.

Teenie Weenie, a bear-themed casual wear brand owned by the group's Chinese arm, was sold to V-GRASS, an upscale Chinese clothing brand, 12 years after its operation in China.

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Most S. Koreans oppose relocation of comfort woman statue: poll

SEOUL -- Most South Koreans are opposed to the removal of a girl statue symbolizing Korean wartime sex slaves that is located in front of the Japanese Embassy regardless of a landmark deal reached between Seoul and Tokyo last year, a survey showed Friday.

In the survey conducted by local pollster Gallup Korea, 76 percent of South Koreans polled said they were against the relocation, with those that said it can be moved standing at just 10 percent of the total. The survey showed the remaining 14 percent of respondents failing to give a reply.
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