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Yonhap News Summary

All Headlines 17:30 March 06, 2018

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

(LEAD) Ruling party scrambles to minimize fallout from sexual abuse scandal

SEOUL -- The ruling Democratic Party scrambled Tuesday to minimize the fallout from sexual abuse allegations involving one of its most prominent members, as it gears up for the June local elections.

Its task force on sexual violence convened an emergency session and decided to call for "stern punishment" for An Hee-jung, who resigned as governor of the central South Chungcheong Province earlier in the day over allegations he had forceful sexual relations with a female secretary four times over the past eight months.

GM Korea faces over 2 tln won in debt to come due in April

SEOUL -- GM Korea Co., the South Korean unit of General Motors Co., has to deal with over 2 trillion won (US$1.86 billion) in debt that matures at the end of next month, even as its creditors have yet to carry out due diligence ahead of providing financial support, the company said Tuesday.

At the end of this month, GM Korea is scheduled to pay 700 billion won in debt back to its parent company GM. It is also due to pay nearly 1 trillion won worth of debts maturing in early April borrowed from GM affiliates, a company official said over the phone.

Latest U.S. sanctions on N.K. likely to help peacefully resolve nuclear problem: official

SEOUL -- South Korea on Tuesday expressed hope that the U.S.' recent imposition of sanctions on North Korea for its alleged use of chemical weapons will help efforts to peacefully resolve the North's nuclear stalemate.

"The latest action by the U.S. can be seen as part of the international community's joint efforts to bring the North out to the path of denuclearization through strong sanctions and pressure," foreign ministry spokesman Noh Kyu-duk told reporters during a regular press briefing.

(LEAD) Ex-President Lee subpoenaed for prosecution questioning next week

SEOUL -- Former President Lee Myung-bak has been asked to appear for questioning next week over a string of suspicions of bribery and other irregularities, officials said Tuesday.

The Seoul Central District Prosecutors' Office subpoenaed Lee to come to the office for questioning as a suspect at 9:30 a.m. on March 14, officials said.

(LEAD) Moon calls for dialogue with N. Korea, increased deterrence

SEOUL -- South Korean President Moon Jae-in reiterated his call for dialogue with North Korea on Monday but also stressed the need to strengthen the combined defense capabilities with the United States, noting peace cannot last without strong military power.

"The foundation of peace is nothing but strong military power and defense readiness that do not tolerate any provocation," the president said while attending the graduation ceremony of the Korea Military Academy.

S. Korea braces for military cost-sharing talks with U.S.

SEOUL -- South Korea has "diverse" scenarios in mind for the upcoming negotiation with the United States on military cost-sharing for the hosting of some 28,500 American troops, the foreign ministry said Tuesday.

Officials of South Korea and the U.S. will have their first round of meetings in Honolulu, Hawaii from Wednesday to Friday to discuss a new military cost-sharing agreement.

Sexual abuse at job sites increasing sharply

SEOUL -- The number of female consultations on sexual harassment at the workplace almost tripled in the last five years, with more than half of such victims having suffered various disadvantages after making their disclosures, an organization for women employees said Tuesday.

Female workers made a total of 692 sexual abuse-related consultations via "Equal Lines," which operates in 10 major cities, including Seoul, last year, the Korean Women Workers Association, the operator of the lines, said.

(LEAD) Seoul stocks end higher on rally of exporters

SEOUL -- South Korean stocks ended higher Tuesday as Samsung Electronics and other export stocks rallied on easing fears of a global trade war. The Korean won rose against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 36.35 points, or 1.53 percent, to close at 2,411.41. Trade volume was moderate at 395 million shares worth 6.51 trillion won (US$6.05 billion).


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