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Yonhap News Summary

All News 17:00 January 10, 2017

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

S. Korea to launch advisory group for probe into N.K. human rights abuses

SEOUL -- South Korea plans to launch a civilian advisory group this week to support the country's official probe into North Korea's human rights abuses, government officials said Tuesday.

A new government records agency aimed at documenting North Korea's human rights violations plans to hold its first meeting with the advisory group on Wednesday to discuss how to effectively investigate the situation in the North, according to Seoul's unification ministry.

S. Korea, U.S. to cooperate for safe use of nuclear energy

SEOUL -- South Korea and the United States have agreed to push for joint research and information sharing for the safe use of nuclear energy, the foreign ministry said Tuesday.

The agreement was reached in a meeting in Washington on Monday (local time) between South Korean Vice Foreign Minister Ahn Chong-ghee and U.S. Deputy Secretary of Energy Elizabeth Sherwood-Randall, according to the ministry.

Moon vows drastic reform of top chaebol groups

SEOUL -- South Korea's presidential front-runner Moon Jae-in on Tuesday pledged drastic reform of chaebol to end the corruptive connection between them and political power and fix their unfair domination of the national economy.

In an address to an economic policy forum, the former head of the opposition Democratic Party said he would focus on the nation's four largest family-controlled business groups, namely Samsung, Hyundai Motor, SK and LG.

(LEAD) S. Korea to foster blockchain financial services

SEOUL -- South Korea's financial authorities on Tuesday announced a plan to launch a full-scale pilot project this year on blockchain-powered financial services.

South Korea, known for its ICT prowess, has accelerated its drive for capitalizing on the new platform.

(2nd LD) Cosmetics firms under heavy selling over China's retaliation concerns

SEOUL/BEIJING -- South Korean cosmetics makers hit 52-week lows on the local stock market Tuesday amid increased concerns over a standoff between South Korea and China over a U.S. missile defense system.

In Beijing, it has been confirmed that the Chinese authorities have recently refused to approve imports of massive amounts of South Korean cosmetics, apparently due to the rising conflict over the missile defense system called THAAD.

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