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Yonhap News Summary

All News 17:13 January 24, 2017

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

S. Korea, U.S. air forces conduct joint pilot-rescue drill

SEOUL -- The air forces of South Korea and the United States are conducting a two-week joint military drill to hone their skills on rescuing downed pilots in enemy territory, the military said Tuesday.

The biannual drill comes amid growing threats from North Korea. In his New Year's address, leader Kim Jong-un said the North had entered the final stage of preparations to test-fire an intercontinental ballistic missile that could reach the U.S. mainland.

S. Korea, China, Japan to hold talks on collaboration in South America

SEOUL -- South Korea, China and Japan will hold talks this week to discuss trilateral collaboration on issues involving the Central and South American region, the foreign ministry said Tuesday, a rare three-way dialogue which comes amid on-going diplomatic tensions among the neighbors.

The trilateral talks will bring together the Central and South American affairs director-generals from the three countries in Beijing on Wednesday for the 10th round of meetings on the issue, according to the Ministry of Foreign Affairs.

(2nd LD) Bareun Party launched after splitting from Saenuri

SEOUL -- The Bareun Party, which spun off from the ruling Saenuri Party as a parliamentary negotiation body in December, officially became an independent party on Tuesday.

After about a month of preparation, it will become the No. 4 party in the 300-seat National Assembly with more than 30 lawmakers.

(LEAD) Samsung SDI suffers Q4 operating loss over Galaxy Note 7 woes

SEOUL -- Samsung SDI Co., a maker of electric car batteries, said Tuesday it posted an operating loss for the fourth quarter of last year, hit by the global recall of the Galaxy Note 7 smartphones.

Samsung SDI, believed to be a supplier for the discontinued Note 7 smartphones, reported an operating loss of 58 billion won (US$49.8 million) for the October-December quarter last year, the company said in a regulatory filing.

(2nd LD) LG Display swings to black in Q4

SEOUL -- LG Display Co., a flat panel maker, said Tuesday that it swung to the black in the fourth quarter from a year earlier, largely thanks to a rise in panel prices and a diversified product portfolio.

Its net profit reached 825 billion won (US$706 million) in the October-December period, compared with a loss of 13.5 billion won a year earlier, it said in a regulatory filing.

Samsung BioLogics suffers loss in 2016

SEOUL -- Samsung BioLogics, a biopharmaceutical unit of South Korea's top conglomerate Samsung Group, suffered a loss last year despite a sharp rise in sales, the company said Tuesday.

Sales more than tripled to 295 billion won (US$252.6 million) in 2016 from 91.28 billion the previous year, the company said in a regulatory filing.

Despite the spike in sales, the company posted a net loss of 177 billion won.

(LEAD) 'Pokemon Go' officially launched in S. Korea

SEOUL -- The popular augmented reality (AR) game "Pokemon Go" was officially released in South Korea on Tuesday, six months after becoming a global hit with millions of downloads.

Users can download the "Pokemon Go" official application from the Google Play Store and Apple's App Store, and it is available in Korean, game developer Niantic Inc. said.

Growth rate of Chinese tourists in S. Korea rebounds after 5 months

SEOUL -- The growth rate of Chinese tourists arriving in South Korea rebounded in December after falls for five months, data showed Tuesday, despite diplomatic tensions between the two neighbors over Seoul's plan to deploy an advanced U.S. missile defense system.

The data compiled by the Korea Tourism Organization showed that 535,536 Chinese visited South Korea last month, up 15.1 percent from a year earlier.

(LEAD) S. Korea's crowdfunding is half success: data

SEOUL -- Crowdfunding in South Korea has been half successful over the first year, data showed Tuesday, as the authorities pledged more efforts to promote the system.

A total of 18 billion won (US$15.4 million) has been raised so far from 7,172 investors to fund 121 projects, according to the Financial Services Commission (FSC).

S. Korea to host its first Comic Con in August

SEOUL -- Fans of comic books and pop culture in South Korea will no longer have to go abroad to enjoy international comic conventions.

Read Exhibitions, the world's leading event organizer, said Tuesday that it will hold South Korea's first Comic Con event at the COEX exhibition center in southern Seoul from Aug. 4 through 6.

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