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Yonhap News Summary

All News 18:04 June 07, 2018

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

S. Korea seeks early declaration of Korean War ending

SEOUL -- South Korea is pushing for an early agreement with North Korea and the United States to officially end the Korean War, a largely symbolic, political move to pave the way for a peace regime on the peninsula, the Ministry of Foreign Affairs said Thursday.

"Three-way discussions among the South, the North and the U.S. are underway on the declaration of an end to the war," ministry spokesman Noh Kyu-duk said at a twice-weekly press briefing.

(LEAD) President names special counsel to investigate opinion rigging scandal

SEOUL -- President Moon Jae-in appointed a special counsel Thursday to investigate a opinion rigging scandal that involves one of his confidants.

The president named prosecutor-turned-lawyer Huh Ik-Bum as a special prosecutor, Moon's office Cheong Wa Dae said.

S. Korea's foreign ministry to send 10 officials to Trump-Kim summit

SEOUL -- South Korea's foreign ministry will send 10 officials, including its top nuclear envoy, to Singapore for next week's summit between the United States and North Korea, its spokesman said Thursday.

Lee Do-hoon, the nuclear envoy, along with the ministry's public relations staff, will depart for the Southeast Asian country on Sunday ahead of the talks between U.S. President Donald Trump and North Korean leader Kim Jong-un slated for Tuesday.

Parties rev up campaign ahead of early voting for local elections

SEOUL -- South Korean parties ramped up their campaigns to appeal for voters Thursday, one day before two days of early voting for the June 13 local elections and parliamentary by-elections.

The ruling Democratic Party (DP) is seeking to boost voter turnout in early voting in an effort to cement what's expected to be a sweeping victory in both elections on the back of high public support for President Moon Jae-in.

S. Korea, Russia agree on further economic cooperation

SEJONG -- South Korea and Russia agreed on Thursday to expand cooperation in such areas as IT, finance and the fourth industrial revolution, Seoul's finance ministry said Thursday.

During the 17th South Korea-Russia Joint Committee on Economic, Scientific and Technological Cooperation meeting in Seoul, the two countries discussed a variety of issues, such as developing infrastructure in the Russian Far Eastern region, as well as a potential trilateral project between the two Koreas and Russia amid a sharp easing of tensions on the Korean Peninsula.

(LEAD) S. Korea says electronic cigarettes contain 5 carcinogens

SEOUL -- South Korea's health authorities said Thursday that five "cancer-causing" substances were found in heat-not-burn electronic cigarettes sold in the local market, with the level of tar detected exceeding that of conventional cigarettes.

The International Agency for Research on Cancer under the World Health Organization classifies certain substances belonging to group 1 as being carcinogenic to humans. Substances are placed in this category when there is clear evidence of being harmful to people.

(LEAD) Gov't working on measures to ease income inequality: finance minister

SEOUL -- The government is reviewing a set of measures to help ease widening income inequality, the country's chief economic policymaker said Thursday.

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

S. Korea loses legal battle with Iranian group over sale of Daewoo Electronics

SEOUL -- The South Korean government has lost a legal dispute with an Iranian firm over the failed takeover of Daewoo Electronics in 2011, officials here said Thursday.

Iran's Dayyani group, a major shareholder of Entekhab Industrial Group, sought an investor-state dispute settlement after South Korea's state-run Korea Asset Management Corp. (KAMCO) canceled a contract to sell a major stake in Daewoo Electronics to Entekhab in 2011 due to funding uncertainties.

Dayyani filed the complaint with the International Center for Settlement of Investment Disputes (ICSID), criticizing Seoul for violating a bilateral investment treaty and demanding the Korean government pay 93.5 billion won (US$87.4 million).

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