Go to Contents Go to Navigation

Yonhap News Summary

All News 13:10 February 01, 2017

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

S. Korea stops issuing visas for Chinese instructors at local institute

INCHEON -- South Korea has stopped issuing or extending visas for Chinese language instructors at the local branch of a Chinese non-governmental organization affiliated with its education ministry, sources said Wednesday.

The Ministry of Justice has not issued or extended the one-year E-2 teaching visa for instructors at Confucius Institute in South Korea since late last year, according to local universities.

Fake South Korean banknotes decreased sharply in 2016: BOK

SEOUL -- The number of counterfeit South Korean banknotes detected here dropped 58.3 percent in 2016 from a year earlier, the central bank said Wednesday.

A total of 1,373 counterfeit bills were found last year, compared to 3,293 in the previous year, according to the Bank of Korea (BOK).

(2nd LD) S. Korea, U.S. military chiefs vow strong deterrence to counter N.K. threats

SEOUL -- The military chiefs of South Korea and the United States on Wednesday reaffirmed the two countries' commitment to forming a strong joint defense posture against North Korea's provocations, South Korea's Joint Chiefs of Staff (JCS) said.

Gen. Lee Sun-jin, the chairman of the JCS, stressed the need to strengthen deterrence against North Korea's growing nuclear and missile threats during his phone talks with his U.S. counterpart Marine Corps Gen. Joseph Dunford, the military said.

(2nd LD) S. Korea's exports rise 11.2 pct on-year in Jan.

SEJONG -- South Korea's exports rose 11.2 percent in January from a year earlier on brisk overseas sales of semiconductors and petrochemicals, the government said Wednesday.

Outbound shipments came to US$40.3 billion last month, up from $36.2 billion tallied a year earlier, according to the Ministry of Trade, Industry and Energy.

(LEAD) S. Korea's industrial output gains 4.3 pct on-yr in Dec.

SEJONG -- South Korea's industrial output rose for the second straight month in December from a year earlier on the back of increased production of semiconductors and machinery, government data showed Wednesday.

Production in the mining, manufacturing, gas and electricity industries rose 4.3 percent in the last month of 2016 from a year ago, continuing its upward march from a 5.3 percent rise in November, according to the data by Statistics Korea.


(Yonhap Feature) S. Koreans jumping on electric car bandwagon

SEOUL -- Mesmerized by the brilliant ideas of "eccentric" CEO Elon Musk, Kim Sae-hae didn't hesitate to preorder Tesla Motors Inc.'s latest pure electric car model in April, only a week after its unveiling.

The 36-year-old writer-cum-painter made a reservation for the Model 3, launched on March 31, as it generates no emissions, comes with greater per-charge range capabilities and sells for an affordable US$35,000.

(LEAD) KT's operating performance jumps 11.4 pct in 2016

SEOUL -- South Korean telecom giant KT Corp. said Wednesday that its operating profit jumped 11.4 percent on-year in 2016, thanks to reduced costs and a solid rise in revenue from both wireless and fixed-line Internet services.

KT reported an operating profit of 1.44 trillion won, compared to 1.2 trillion won posted a year earlier, the company said in a regulatory filing.

(Yonhap Interview) Lawyer taps into real estate business, aims to change market

SEOUL -- The real estate market is where legal experts have an edge in dealing with various transactions, said a lawyer who has been embroiled in a controversy after setting up a real estate agency here.

Kong Sung-bae, 45, established Trust Lifestyle in Seoul in January last year, drawing intense criticism from real estate agents.

(LEAD) U.S. should give up hope engagement can lead to N.K. denuclearization: expert

WASHINGTON -- The United States should give up on any last-remaining hope that engagement with North Korea could lead to its denuclearization, a U.S. expert told a Senate hearing Tuesday, calling for all-round pressure on Pyongyang to rethink its nuclear pursuit.

Nicholas Eberstadt, a senior analyst at the American Enterprise Institute, made the remark during the Senate Foreign Relations Committee hearing, as some experts have stepped up calls for reopening negotiations with Pyongyang to curb its dangerously accelerating nuclear and missile programs.

Send Feedback
How can we improve?
Thanks for your feedback!