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Yonhap News Summary

All News 14:02 January 10, 2017

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

(LEAD) Lawyers defend Park's actions in 2014 ferry disaster

SEOUL -- President Park Geun-hye's lawyers set out to defend her actions during a 2014 ferry disaster Tuesday as the Constitutional Court opened its third hearing on her impeachment.

Park was impeached by parliament last month over a corruption scandal and allegations that she neglected her duty during the sinking that killed more than 300 people in April 2014.

(News Focus) Rising consumer prices fuel concern about stagflation

SEOUL -- Prices of fresh groceries and other daily necessities have jumped in recent months despite the prolonged economic slowdown, sparking concerns over whether South Korea could face stagflation.

South Korea's consumer price index increased 1.3 percent in December from a year earlier. Sizzling heat and a typhoon that hit South Korea last year attributed to the rising costs of agricultural products.

N.K. leader's public activity in decline since 2013: data

SEOUL -- North Korean leader Kim Jong-un's public activity has been on the decline since 2013 as he is seen to have established his power base, reducing the need to show his presence publicly, a Seoul government official said Tuesday.

S. Korea creates poster to highlight impact of N. Korea sanctions

SEOUL -- South Korea has recently created a graphic poster which sums up sanctions imposed on North Korea and the devastating effects they have had on the communist country, officials said Tuesday. Seoul plans to use the poster to ramp up cooperation with the incoming Trump administration in pressuring Pyongyang.

S. Korea to spend 937.2 bln won in 2017 for Winter Olympic preparations

SEOUL -- South Korea plans to spend 937.2 billion won (US$779.7 million) this year in support for the 2018 PyeongChang Winter Olympic and Paralympics Games preparations, the sports ministry said Tuesday.

(LEAD) Ruling party whip vows to speed up reform

SEOUL -- Rep. Chung Woo-taik, the floor leader of the ruling Saenuri Party, pledged Tuesday to speed up efforts to reform and normalize the party, one day after it appointed the members of its ad hoc leadership committee.

Acting president says S. Korea-Japan deal on enslavement should be respected

SEOUL -- Acting President and Prime Minister Hwang Kyo-ahn said Tuesday the South Korea-Japan agreement clinched in 2015 on settlement of the enslavement of Korean women by Japan during World War II should be respected.

"(South Koreans) should refrain from making remarks or actions that can worsen the situation surrounding the sexual enslavement issue," Hwang said during a Cabinet meeting.

'Guardian' reclaims No. 1 spot over 'Hwarang' on TV chart

SEOUL-- "Guardian: The Lonely and Great God" topped a TV popularity chart in the last week of December, overtaking "Hwarang" to reclaim its lead, data showed Tuesday.

"Guardian" which airs Fridays and Saturdays on cable channel tvN, scored 287.7 points on the Content Power Index (CPI), becoming No. 1 among TV programs during the week of Dec. 26-Jan. 1

S. Korea on verge of losing momentum: report

SEJONG -- The South Korean economy is feared to lose its recovery momentum as rising uncertainties at home and abroad created a strong drag on domestic demand, a government report said Tuesday.

"Despite a rebound in exports, the recovery momentum will likely weaken due to faltering private consumption amid continuing external and internal uncertainties," the finance ministry said in its monthly economy assessment report called the "Green Book."


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