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Yonhap News Summary

All News 17:15 September 06, 2016

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

(LEAD) S. Korea, U.S. top envoys on N. Korean nuke to hold talks next week

SEOUL -- South Korea and the United States' top negotiators on North Korea's nuclear program will hold talks in Seoul next week, the foreign ministry said Tuesday as the allies seek retaliatory action against North Korea's repeated military provocations.

The ministry's special representative for Korean Peninsula Peace and Security Affairs Kim Hong-kyun agreed with his U.S. counterpart Sung Kim to meet on Sept. 13, the Ministry of Foreign Affairs said, referring to their phone conversation a day earlier

(LEAD) Gov't to strengthen monitoring of hepatitis C

SEOUL -- The health ministry rolled out a set of measures Tuesday to further prevent and monitor the spread of hepatitis C following the recent mass infection of the virus here.

The Ministry of Welfare and Health said it will examine all hepatitis cases instead of selected samples, as the early diagnosis of hepatitis C virus infection is crucial to preventing a mass infection.

Regulator expands 'communication' with foreign financial firms

SEOUL -- South Korea's financial regulatory body said Tuesday it has decided to hold a regular meeting with "all foreign financial companies" in a bid to help resolve their troubles in doing business here.

The Financial Services Commission (FSC) has held a quarterly meeting with the representatives of foreign firms since March 2014 to collect their opinions on ways to improve the business conditions of Asia's fourth-largest economy. It involved only those from companies based in countries related to the South Korea-U.S. or South Korea-Europe free trade agreements as well as their embassies in Seoul.

Moody's says S. Korea's fiscal health and foreign reserves in good shape

SEOUL -- A delegation of U.S. ratings agency Moody's Investors Service said South Korea's fiscal health and foreign reserves are in good shape, the central bank said Tuesday.

The delegation led by Marie Diron, senior vice president at Moody's, also said South Korea's economy shows signs of relatively solid growth compared with other economies.

LG Chem mulls merger with bio affiliate

SEOUL -- LG Chem Ltd., South Korea's top chemicals firm, on Tuesday said it is considering a merger with its bio unit, LG Life Sciences Ltd., in a bid to diversify its business portfolio.

"We are reviewing an option to merge LG Life Sciences, but nothing has been decided yet," LG Chem, a chemical unit of South Korean conglomerate LG Group, said in a regulatory filing.

S. Korea to develop new indigenous multipurpose satellite

SEOUL -- South Korea will develop a new multipurpose satellite entirely with indigenous technology and put it into orbit in 2021 in line with efforts to emerge as a global power in the space sector, science ministry said Tuesday.

The Ministry of Science, ICT and Future Planning said it will hold the first meeting on Wednesday to discuss the details of the satellite, also known as the Arirang 7.

(LEAD) Seoul stocks hit year's new highs on Samsung

SEOUL -- South Korean stocks advanced 0.31 percent to hit this year's new highs on Tuesday, aided by a rally in top market cap Samsung Electronics, but market sentiment remained calm as investors took to the sidelines to cash in recent gains ahead of the U.S. Fed's rate decision later this month. The Korean won fell slightly against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) added 6.45 points to close at 2,066.53. Trade volume was moderate at 457 million shares worth 4.03 trillion won (US$3.65 billion), with losers outnumbering gainers 450 to 332.

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