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Yonhap News Summary

All Headlines 16:15 November 13, 2017

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

(LEAD) Late singer's wife sues journalist for implicating her in death of her daughter

SEOUL -- The widow of late singer Kim Kwang-seok filed a suit and an injunction Monday against a TV journalist and her brother-in-law for implicating her in the death of her daughter 10 years ago.

Seo Hae-soon lodged a defamation suit against Lee Sang-ho and his media company and against Kim Kwang-bok, her brother-in-law, seeking about 600 million won (US$536,000) in damages, her lawyer Park Hoon said in a Facebook post.

Protesters clash over installation of ex-president's statue

SEOUL -- Supporters of late South Korean dictator Park Chung-hee clashed with anti-Park groups Monday over the installation of his statue, currently being carried out by a foundation in western Seoul.

The President Park Chung Hee Memorial Foundation held a ceremony earlier to celebrate the planned installation of a 4.2-meter-high bronze statue of the former president on its front lawn.

American nabbed while trying to enter N. Korea

UIJEONGBU, South Korea -- A U.S. citizen was arrested by South Korean police Monday for crossing the Civilian Control Line (CCL) near the inter-Korean border without a permit in an alleged attempt to enter North Korea, authorities concerned said.

The CCL was drawn just below the Demilitarized Zone bisecting the two Koreas from the west to the east in 1954 to strictly protect the security of military facilities and operations there.

(LEAD) ECCK says S. Korea, EU need to start talks for FTA amendments

SEOUL -- The head of the European Chamber of Commerce in Korea (ECCK) on Monday called on the South Korean government to start negotiations to amend the existing free trade agreement (FTA) with the single market to ensure an equal playing field for businesses operating in the country.

Seoul and the EU discussed the need to amend the six-year-old trade pact in 2015 but there has since been no progress. "The ECCK will appreciate it if the South Korean government and the EU government start negotiations on (a South Korea-EU FTA) amendment package," ECCK President Christoph Heider said in a press conference.

(3rd LD) Bareun Party picks former presidential candidate as new leader

SEOUL -- The minor opposition Bareun Party picked its former presidential candidate, Rep. Yoo Seong-min, as its new leader on Monday in an election overshadowed by internal division, mass defections and its reduced presence in parliament.

The economist-turned-lawmaker secured 56.6 percent of the vote, beating five other contenders, including Reps. Ha Tae-kyeung, Jeong Woon-chun and Park In-sook. His election was based on the combined results of a vote by party delegates and a public opinion survey.

Moon pledges increased cooperation with ASEAN, joint efforts to build peace

MANILA -- South Korea will work to greatly expand its economic ties with Southeast Asian countries and enhance their joint efforts to ensure prosperity and peace in their shared region, South Korean President Moon Jae-in said Monday.

The pledge came in a meeting with 500 business leaders from 10 member countries of the Association of Southeast Asian Nations (ASEAN). Moon arrived in Manila on Monday for the ASEAN-South Korea summit, slated for later in the day. He is also set to attend the ASEAN Plus Three summit, which will involve the leaders of Japan and China.

S. Korea, ASEAN leaders gather to exchange digital content

SEOUL -- Government policymakers and business leaders from South Korea and the Association of Southeast Asian Nations (ASEAN) will gather in Seoul later this week to expand content-related exchanges and seek future tieups, the ICT ministry said Monday.

The annual Korea-ASEAN Digital Content Conference will bring together 120 content strategists and managers, business executives and government officials on Tuesday, the Ministry of Science and ICT said.

S. Korean firms accept gov't compensation over Kaesong complex shutdown

SEOUL -- South Korean companies that operated factories at the now-shuttered joint industrial park in North Korea said Monday they will accept the tens of billions of won in compensation recently offered by the government, yet decided to seek additional support.

On Friday, the government said it will provide compensation to hundreds of domestic companies who suffered losses from investments in inter-Korean projects that were suspended due to political tension.

(LEAD) Seoul stocks down on U.S. tax reform jitters

SEOUL -- South Korean stocks finished lower on Monday as investors locked in profits from recent gains and fretted over the delay in corporate tax cuts in the United States. The Korean won fell against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) shed 12.6 points, or 0.5 percent, to close at 2,530.35. Trade volume was relatively small at 263.65 million shares worth 6 trillion won (US$5.35 billion), with losers outnumbering gainers 424 to 375.

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