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Yonhap News Summary

All News 17:28 January 05, 2018

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

(LEAD) China's nuke envoy sees 'positive' developments unfolding on Korean Peninsula

SEOUL -- China's chief negotiator on North Korea's nuclear problem on Friday welcomed "positive" developments on the Korean Peninsula after the two Koreas agreed to hold talks next week to discuss the North's possible participation in the Winter Olympics, which will be held in South Korea.

Kong Xuanyou, assistant foreign minister, made the remarks at the start of a meeting with his South Korean counterpart Lee Do-hoon. He arrived in Seoul earlier in the day for a two-day stay, during which he is to meet South Korean officials for discussions on North Korea and issues of mutual concern.

Nuke envoys of S. Korea, Japan to meet ahead of inter-Korean talks

SEOUL -- The top nuclear envoys of South Korea and Japan will meet next week to discuss North Korea's nuclear issue ahead of the upcoming inter-Korean talks on Pyongyang's possible participation in the Winter Olympics in the South, the foreign ministry said Friday.

Lee Do-hoon, the special representative for Korean Peninsula peace and security affairs, and his Japanese counterpart Kenji Kanasugi will meet in Seoul on Monday, according to the ministry.

Lt. Gen. Bills takes command of 8th Army

PYEONGTAEK, Gyeonggi Province -- Lt. Gen. Michael A. Bills on Friday assumed the duty of the commander of the Eighth Army, the backbone of U.S. Forces Korea (USFK), with a pledge to do his best to maintain the "fight tonight" posture.

The change of command ceremony was held at the Collier Fitness Center in Camp Humphreys, the unit's new home, about 70km south of Seoul.

S. Korea's foreign minister listening to views of former sex slaves of Japan

SEOUL -- South Korea's foreign minister has begun her efforts to listen to views from the victims of Japan's sexual slavery during World War II in a bid to determine the government's stance on a controversial deal with Japan over its wartime atrocities, a government source said Friday.

In December, after completing a monthslong review of the 2015 deal on the so-called comfort women issue, a foreign ministry task force concluded that there were procedural problems and that insufficient efforts were made to gather opinions from the aged victims and civic groups.

ICT minister asks mobile carriers to develop 5G technology

SEOUL -- ICT Minister Yoo Young-min met with the heads of the country's main mobile carriers Friday, asking for a joint effort to swiftly set up fifth-generation network technology.

The Ministry of Science and ICT and the firms -- SK Telecom Co., KT Corp. and LG Uplus Inc. -- have plans to start commercial operations of the 5G network in early half of 2019 and build nationwide infrastructure by 2020.

(LEAD) Another Korean victim of Japan's wartime sexual slavery dies

SEOUL -- Another elderly Korean victim of Japan's wartime sexual slavery died Friday, the Seoul-based foundation that deals with the issue said. She was 89.

The woman, only identified by her surname Lim, was hospitalized a day earlier after her health deteriorated to a critical state, the foundation said. The foundation declined to disclose further personal details of the victim, at the request of her family, it added.

Samsung executives purchase firm's shares to demonstrate devotion

SEOUL -- Samsung Electronics Co. said Friday its executives recently purchased company shares, which is seen as a gesture to express their devotion and responsibility as the leaders of the South Korean tech giant.

Samsung President Kim Hyun-suk and President Koh Dong-jin, who head the consumer electronics and mobile business, respectively, purchased 1,095 units and 1,000 units of Samsung Electronics shares, the company said through a regulatory filing.

(LEAD) Seoul stocks end higher on tech, financial gains

SEOUL -- South Korean stocks finished higher Friday as market heavyweights such as Samsung Electronics, as well as financial shares, advanced, analysts said. The Korean won fell against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 31.06 points, or 1.26 percent, to close at 2,497.52. Trade volume was moderate at 305 million shares worth 6.2 trillion won (US$5.8 billion), with gainers outnumbering losers 493 to 297.


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