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Yonhap News Summary

All Headlines 16:50 May 30, 2018

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

(LEAD) Top N. Korean official heads to New York for talks with Pompeo

BEIJING -- A high-ranking North Korean official left Beijing for New York on Wednesday apparently to meet with U.S. Secretary of State Mike Pompeo.

Kim Yong-chol, vice chairman of the Central Committee of the Worker's Party of Korea, took Air China flight CA981, according to diplomatic sources here.

N. Korea, U.S. can narrow differences on denuclearization: Seoul official

SEOUL -- North Korea and the United States have differences on how to achieve denuclearization but the gap could be bridged, Seoul's unification minister said Wednesday.

In a speech at an event in central Seoul attended by ambassadors from European countries, Cho Myoung-gyon emphasized that North Korean leader Kim Jong-un remains strongly committed to denuclearizing the Korean Peninsula.

Top military officials of S. Korea, U.S., Japan hold talks

SEOUL -- Top military officials of South Korea, the United States and Japan have held talks over joint efforts to ensure regional peace and stability, Seoul's Joint Chiefs of Staff (JCS) said Wednesday.

Seoul's JCS Chairman Gen. Jeong Kyeong-doo and his U.S. and Japanese counterparts, Gen. Joseph F. Dunford and Adm. Katsutoshi Kawano, attended the meeting at the U.S. Pacific Command (PACOM) headquarters in Hawaii on Tuesday (local time).

(LEAD) S. Korea's short-term foreign debt ratio edges up in Q1

SEJONG -- South Korea's short-term foreign debt rose slightly in the first quarter of the year, with its ratio to the total also rising, the finance ministry said Wednesday.

The country's total external debt stood at US$433.9 billion at the end of March, up $15.1 billion from three months earlier, according to the ministry.

(LEAD) Seoul stocks slump on Italian crisis, U.S.-China trade row

SEOUL -- South Korean stocks dropped nearly 2 percent Wednesday, as investors were spooked by Italy's political crisis and the revived trade tensions between the United States and China, analysts said. The Korean won fell against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) shed 48.22 points, or 1.96 percent, to close at 2,409.03. Trade volume was large at 563.4 million shares worth 8.8 trillion won (US$8.15 billion), with losers overwhelming gainers 629 to 222.

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