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Yonhap News Summary

All News 17:00 June 16, 2017

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

S. Korea backs China-led AIIB's efforts for sustainable infrastructure

SEOUL -- South Korea's finance minister vowed Friday to fully support a China-led infrastructure bank's efforts to build sustainable infrastructure as he expressed hope that such measures will help create jobs and promote inclusive growth.

Finance Minister Kim Dong-yeon also said the Asian Infrastructure Investment Bank (AIIB) should come up with a comprehensive strategy for investments to stay on the path of progress.

(LEAD) Seoul stocks end almost flat amid profit-taking

SEOUL -- South Korean stocks finished almost flat Friday as foreign investors dumped local shares to lock in recent gains, offsetting a buying spree by institutions and individuals, analysts said. The Korean won sharply lost ground against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) inched up 0.18 point, or 0.01 percent, to close at 2,361.38. Trade volume was slim at 323.92 million shares worth 5.7 trillion won (US$5.1 billion), with losers outnumbering gainers 439 to 365.

S. Korea, Japan should seek to issue joint declaration on comfort women: lawmaker

SEOUL -- South Korea and Japan should seek to issue a joint declaration over Japan's sexual enslavement of Korean women during World War II rather than renegotiating a 2015 bilateral deal struck over the comfort women issue, an influential ruling party lawmaker said Friday.

Moon Hee-sang of the Democratic Party who visited Tokyo last month as President Moon Jae-in's special envoy made the remark in a radio interview.

(Yonhap Interview) 'Loner' speed skating coach makes seamless transition to life in S. Korea

SEOUL -- Exactly a month into his stint as an assistant South Korean speed skating coach, Dutchman Bob de Jong has made a seamless transition to life in the new country, and hardly anything has fazed him.

The former Olympic 10,000m champion lives in the dormitory inside the National Training Center, which lies in a relatively remote, northeastern part of Seoul. While he has taken long bike rides on the weekend, de Jong likes it just fine inside the athletes' quarters, for he is a natural-born loner.

(LEAD) Moon urges AIIB to make sustainable, people-oriented investment

SEOUL-- South Korean President Moon Jae-in on Friday called for sustainable and people-oriented investment by a China-led regional development bank and vowed to share his country's development experience to help less developed countries in the region.

"Today, the world is directing its attention to the dynamics in Asia. Asia accounts for 60 percent of the global population and more than one-third of global gross domestic product," Moon said in his congratulatory remarks marking the start of a three-day annual meeting of the Asian Infrastructure Investment Bank (AIIB) on South Korea's southern resort island of Jeju.

Head of Red Cross announces resignation

SEOUL -- The chief of South Korea's Red Cross on Friday offered to resign, expressing hope that her successor will help promote inter-Korean reconciliation, officials said.

Kim Sung-joo, president of the Korean Red Cross, announced her resignation, three months before her three-year term ends, according to the Korean Red Cross. She will step down June 30.

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