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Yonhap News Summary

All Headlines 17:30 April 06, 2018

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

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Ousted leader Park gets 24 years in prison

SEOUL -- Former President Park Geun-hye was sentenced to 24 years in prison and 18 billion won in fine on Friday in a massive corruption scandal that toppled her from power early last year.

In a live televised trial, the Seoul Central District Court meted out the guilty verdict for the 66-year-old former leader, about a year after her arrest in late March of 2017.

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S. Korean officials visit venue of inter-Korean summit for possible renovation

SEOUL -- A group of top South Korean officials made a rare trip Friday to the joint security area (JSA) inside the heavily fortified Demilitarized Zone, the venue of recent inter-Korean dialogue and an upcoming summit between the leaders of the two divided Koreas.

The one-day trip came as South Korean President Moon Jae-in and North Korean leader Kim Jong-un are set to hold their first meeting on the South Korean side of the JSA on April 27.

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(LEAD) Seoul stocks end lower on renewed trade tensions

SEOUL -- Seoul stocks finished lower Friday as investor sentiment weakened after the U.S. President Donald Trump reignited fears over a trade war with China. The Korean won fell against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) fell 7.94 points, or 0.33 percent, to close at 2,429.58. Trade volume was moderate at 446 million shares worth 6.9 trillion won (US$6.45 billion), with losers outnumbering gainers 492 to 315.

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(2nd LD) LG Electronics operating profit up 20.2 pct in Q1

SEOUL -- LG Electronics Inc. said Friday its first-quarter operating profit is estimated to have increased 20.2 percent from a year earlier, apparently on strong performances of home appliances and TVs.

The operating profit came to 1.1 trillion won (US$1.02 billion) in the January-March period, compared with 921 billion won posted a year earlier, the South Korean tech giant said in a regulatory filing.

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(LEAD) Samsung Securities mistakenly paid stocks as dividend to employees

SEOUL -- Samsung Securities Co. said Friday it mistakenly paid its employees stock dividends, prompting the brokerage's share prices to fall.

Under an employee stock ownership plan, Samsung Securities had originally planned to pay dividends of 1,000 won (US$0.93) to its employees. However, the brokerage paid dividends of 1,000 shares after a worker processed the wrong figure.

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Main opposition party opposes extra budget proposal

SEOUL -- The main opposition Liberty Korea Party (LKP) on Friday renewed its opposition to the government's proposal for an additional budget worth 3.9 trillion won (US$3.69 billion) aimed largely at creating jobs for young people.

The party called it a political move to win the hearts of young voters ahead of the June local elections, rejecting the government's claim that it is meant to preemptively address deepening concerns about the country's high youth unemployment.

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(3rd LD) Military retrieves black box of crashed F-15K fighter jet

SEOUL/CHILGOK, South Korea -- The Air Force said Friday it has retrieved the black box of an F-15K fighter jet that crashed into a mountain earlier this week.

The flight data recorder is expected to help in finding out the exact cause of the incident that killed two pilots in their 20s.
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