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Yonhap News Summary

All Headlines 17:00 May 03, 2018

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

(LEAD) Cheong Wa Dae launches new commission to implement outcome of N. Korea summit

SEOUL -- South Korea launched a presidential commission Thursday to implement the outcome of a historic summit held between its president, Moon Jae-in, and North Korean leader Kim Jong-un that calls for a wide range of measures aimed at denuclearizing the North and formally ending the Korean War.

The new commission is formed around an earlier organization established to help prepare for the historic summit held last week at the border village of Panmunjom.

Seoul eyes regional support for Panmunjom Declaration of peace

SEOUL -- South Korea is seeking to have the leaders of Japan and China sign off a special statement supporting the outcome of South Korean President Moon Jae-in's recent historic summit with North Korean leader Kim Jong-un, an official from Seoul's presidential office Cheong Wa Dae said Thursday.

"Cheong Wa Dae is pushing for a special statement of the leaders supporting the Panmunjom Declaration," Cheong Wa Dae spokesman Kim Eui-kyeom told reporters.

S. Korean bourse ends lower on concerns over U.S. monetary policy, drop in construction shares

SEOUL -- South Korean stocks ended lower Thursday as foreign and institutional investors offloaded construction stocks to engage in profit-taking. The won fell against the U.S. dollar.

The benchmark Korea Composite Stock Price Index fell 18.36 points, or 0.73 percent, to 2,487.25

(Yonhap Interview) S. Korean financial sector to play role in unification process

SEOUL -- A former senior official of the U.S. federal deposit insurer said Thursday that South Korean financial institutions will play a big part in the highly anticipated process of inter-Korean economic cooperation and in possible unification down the road.

The historic summit between South Korean President Moon Jae-in and North Korean leader Kim Jong-un on Friday promised to build peace on the Korean Peninsula. The two Koreas are still technically at war as the 1950-53 Korean War ended in an armistice and not a peace treaty.

S. Korean FM to visit Cuba for multilateral meeting

SEOUL -- South Korean Foreign Minister Kang Kyung-wha will travel to Cuba next week to join a multilateral meeting on regional cooperation, her ministry said Thursday, as Seoul seeks to improve ties with the Latin American country, which has a long-time friendship with North Korea.

Kang plans to attend the latter part of the biennial session of the Economic Commission for Latin America and the Caribbean (ECLAC) that opens in Havana on Monday. She will begin a two-day trip there Wednesday.

(LEAD) Hyundai to launch Veloster N performance car next month

HWASEONG, South Korea -- Hyundai Motor Co., South Korea's biggest carmaker by sales, said Thursday it will launch the high-performance Veloster N hatchback in the domestic market next month.

The move is part of the Korean auto giant's efforts to strengthen its brand image as solid carmaker by adding high-performance models to its product lineup.

Ex-President Chun indicted for allegedly defaming victims, families of Gwangju uprising

GWANGJU, South Korea -- Former President Chun Doo-hwan has been indicted without physical detention on the charge of defaming victims and their surviving families from a 1980 bloody crackdown on a pro-democracy uprising in the southern city of Gwangju, a regional prosecution office said Thursday.

The Gwangju District Prosecutors' Office said it charged the 87-year-old former Army general-turned-president from 1980-88 for writing distorted accounts about the victims and his government's crackdown on the protest in his three-volume memoir published early last year.

(LEAD) Online shopping purchases hit record high in March

SEJONG -- Purchases made using the Internet and mobile devices in South Korea continued to show solid growth in March, reaching the highest ever level, government data showed Thursday, demonstrating the popularity of smartphones, fast delivery and convenient payment options with South Korean shoppers.

The total value of transactions made with computers, smartphones and tablets reached a record 8.96 trillion won (US$8.32 billion) in March, up 20.1 percent from a year earlier, according to the data from Statistics Korea.

(LEDA) Samsung releases new image sensor for smartphone makers

SEOUL -- Samsung Electronics Co. said Thursday it released a new 16-megapixel image sensor that is expected to help smartphone producers significantly reduce development time.

The South Korean tech giant said it released the ISOCELL Slim 3P9 image sensor, which will has been built to allow today's sleekly designed smartphones to take "bright and vivid" pictures.

(LEAD) Dodgers' Ryu Hyun-jin leaves start early with groin injury

SEOUL -- Los Angeles Dodgers' South Korean starter Ryu Hyun-jin has left his start early with a left groin strain.

Ryu lasted just 1 1/3 innings against the Arizona Diamondbacks at Chase Field in Phoenix on Wednesday (local time), with the Dodgers ahead 1-0.

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