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Yonhap News Summary

Yonhap News Summary 12:50 October 15, 2018

The following is the first summary of major stories moved by Yonhap News Agency on Monday.

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(LEAD) S. Korean president and BTS bring rare cultural event to France

PARIS -- South Korean President Moon Jae-in received possibly the most enthusiastic welcome he has ever enjoyed from a foreign population Sunday when he hosted a cultural event to mark his trip to France that offered a rare performance by famous South Korean boy group BTS.

Some 400 French officials and fans hailed both Moon and BTS in the event held in the heart of Paris to celebrate Moon's four-day state visit that began Saturday.

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Moon says world needs to show N. Korea made 'right' decision

PARIS -- The international community needs to prove that North Korea has made the right decision to give up its nuclear ambition, South Korean President Moon Jae-in said Sunday, apparently stressing the need to start easing international sanctions against the communist state.

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Foreign investors remain net buyers of local stocks in September

SEOUL -- Offshore investors remained net buyers of South Korean stocks for a third consecutive month in September, data showed Monday.

Foreign investors bought a net 580 billion won (US$510.9 million) worth of local stocks last month, according to data by the Financial Supervisory Service (FSS), compared with net buying of 1.1 trillion won a month earlier.

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(3rd LD) Koreas hold high-level talks to discuss implementation of summit agreement

SEOUL/PANMUNJOM -- South and North Korea are holding high-level talks Monday to discuss the implementation of the summit agreement their leaders reached last month.

South Korean Unification Minister Cho Myoung-gyon is leading a five-member delegation to the talks that began around 10 a.m. at the truce village of Panmunjom. His North Korean counterpart is Ri Son-gwon, chairman of the Committee for the Peaceful Reunification of the Country.

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Moon to hold summit with Macron, seek concessions for N. Korea

PARIS -- South Korean President Moon Jae-in was set to meet with French President Emmanuel Macron on Monday for talks that will likely focus on North Korea amid his efforts to peacefully denuclearize the communist state.

Moon arrived in Paris on Saturday on a four-day state visit. The Moon-Macron summit will mark the second of its kind following their first meeting held on the sidelines of the Group of 20 summit in Germany last year.

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S. Korea excludes defector-turned-journalist from covering talks with N. Korea

SEOUL -- South Korea's unification ministry has excluded a North Korean defector-turned-journalist from joining pool reporters for Monday's high-level talks with the North.

Citing safety concerns and other "special" circumstances, the ministry earlier decided to exclude Kim Myeong-sung of the Chosun Ilbo, a local daily newspaper, from the group of reporters to be sent to the truce village of Panmunjom for the high-level talks with North Korea.

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Pope Francis said to hope to visit N.K. next spring: ruling party chief

SEOUL -- South Korea's ruling party chief said Monday that he heard Pope Francis is hoping to visit North Korea next spring as its leader Kim Jong-un has invited him to Pyongyang.

Lee Hae-chan, the chairman of the Democratic Party (DP), made the remark without revealing the source of the information.

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Korean crime thriller dethrones 'Venom' at box office

SEOUL -- "Dark Figure of Crime" has achieved a come-from-behind win against "Venom" in the competition for the weekend box office top spot.

The Korean crime thriller brought in 552,989 admissions in its second weekend in movie theaters, beating out the Hollywood superhero blockbuster for the No. 1 spot, according to data from the Korean Film Council on Monday.

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Imported commercial car sales fall 27 pct in Sept. on weak demand

SEOUL -- Sales of imported commercial vehicles fell 27 percent last month from a year earlier on lower demand, a local automobile association said Monday.

The number of newly registered imported commercial vehicles fell to 271 units in September from 367 a year ago, the Korea Automobile Importers and Distributors Association (KAIDA) said in a statement.

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September's exports dip 8.2 pct to US$50.6 bln: customs office

SEJONG -- South Korea's outbound shipments reached US$50.6 billion last month, falling 8.2 percent from a year earlier due to fewer overall working days, customs data showed Monday.

The country's imports also fell 1.6 percent on-year to $41 billion last month, resulting in a trade surplus of $9.6 billion and marking the 80th consecutive month that the balance stayed in the black, according to the data compiled by the Korea Customs Service.

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