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Yonhap News Summary

All News 17:30 June 05, 2018

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

Int'l Red Cross hopes for 'next-phase' cooperation with S. Korea on humanitarian challenges

SEOUL -- The head of an international Red Cross organization said Tuesday that he wishes to have "next-phase" cooperation with South Korea as improving inter-Korean relations draw attention to humanitarian issues in North Korea.

Peter Maurer, the head of the Switzerland-based International Committee of the Red Cross (ICRC), added that he wants to closely work with South Korea to address humanitarian issues caused by the 1950-53 Korean War.

PM says statue of forced laborer removed because it violated law

SEOUL -- Prime Minister Lee Nak-yon said Tuesday the recent removal of a statue symbolizing Korean victims of forced labor during Japanese colonial rule was because the installation of the statue near the Japanese Consulate in the southern city of Busan violated the law.

Activists installed the statue on a sidewalk about 30-40 meters away from the Japanese consulate last month after their original attempt to put it directly in front of the diplomatic mission fell through. Still, the installation was unlawful because the activists didn't get permission from road authorities.

(LEAD) Top court reveals documents related to scandal involving ex-chief

SEOUL -- The Supreme Court on Tuesday unveiled 98 documents related to allegations that its former chief justice used trials as leverage to gain presidential approval for organizational changes.

An internal probe by the National Court Administration (NCA) under the top court has found the NCA wrote about 410 documents in March 2015 on how to take advantage of high-profile cases so as to persuade senior presidential aides to support then-Chief Yang Sung-tae's plan to establish a court of appeals.

Gov't working on measures to ease income inequality

SEOUL -- South Korea's government is working on a set of measures to help ease widening income inequality, the country's chief economic policymaker said Tuesday.

Real household income increased sharply in the first quarter of 2018 from a year earlier, but the disparity in earnings worsened, government data showed.

Gov't in discussions with GM to utilize closed Gunsan factory

SEJONG -- The South Korean government is in discussions with General Motors Co. to use the closed Gunsan factory as a way to boost the local economy and employment, a senior industry official said Tuesday.

The American carmaker shut down the Gunsan factory, located 274 kilometers south of Seoul, on Thursday as part of a global restructuring plan aimed at cutting costs.

(LEAD) Seoul stocks end higher on construction, casinos

SEOUL -- South Korean shares ended higher Tuesday as construction and casinos gained on hopes of cross-border development projects in North Korea ahead of a U.S.-North Korea summit next week, analysts said. The Korean won firmed against the U.S. dollar.

The benchmark Korean Stock Price Index (KOSPI) moved up 6 points, or 0.25 percent, to close at 2,453.76. Trade volume was moderate at 485.33 million shares worth 6.91 trillion won (US$6.45 billion), with losers slightly outnumbering gainers 409 to 401.

PyeongChang shares Winter Games hosting experience with Beijing

SEOUL -- PyeongChang has started the process of sharing its Winter Olympic knowledge and experience with the next host city, Beijing.

The organizing committee for the 2018 PyeongChang Winter Olympics and Paralympics said Tuesday that the official debriefing on the competition is underway in the Chinese capital. Arranged by the International Olympic Committee (IOC) and the International Paralympic Committee (IPC), the debriefing will wrap up on Friday.

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