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Yonhap News Summary

All Headlines 17:10 November 08, 2018

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

KDB to seek 3-way talks with GM Korea, union over spin-off plan

SEOUL -- The head of the state-run Korea Development Bank (KDB) said Thursday he will propose three-way talks with GM Korea and its labor union amid a deepening spat over the carmaker's plan to spin off its research unit.

Lee Dong-gull, governor of the KDB, told reporters that the proposal will be officially delivered to GM Korea and the union later in the day or Friday.

Managers shrug off rainout in baseball championship series

INCHEON -- After a pivotal game in the South Korean baseball championship series was rained out Thursday, the two managers in action maintained a business-as-usual mindset.

The SK Wyverns are leading the Doosan Bears two games to one in the best-of-seven Korean Series following their 7-2 victory on Wednesday at home, SK Happy Dream Park in Incheon, west of Seoul.

(2nd LD) S. Korean baseball championship game postponed to Friday due to rain

INCHEON -- The fourth game of the South Korean baseball championship series was rained out on Thursday.

The Korea Baseball Organization (KBO) decided to postpone Game 4 of the Korean Series between the home team SK Wyverns and the Doosan Bears at SK Happy Dream Park in Incheon, west of Seoul, to Friday. It will begin at 6:30 p.m.

(4th LD) Gen. Abrams takes office as new U.S. Forces Korea chief

PYEONGTAEK, South Korea, Nov. 8 (Yonhap) -- Army Gen. Robert B. Abrams took office as the new commander of U.S. Forces Korea (USFK) on Thursday, amid diplomatic efforts by Seoul and Washington to build a lasting peace on the divided peninsula.

The change-of-command ceremony took place at Barker Field in Camp Humphreys, a sprawling U.S. military complex in Pyeongtaek, 70 kilometers south of Seoul. It was attended by top South Korean and U.S. officials, including Seoul's Defense Minister Jeong Kyeong-doo and Indo-Pacific Command chief Adm. Philip Davidson.

Russian rector becomes honorary Seoul citizen

SEOUL -- Nikolay Kropachev, rector of Saint Petersburg State University in Russia, has been granted honorary citizenship by Seoul city in recognition of his contribution to promoting South Korea-Russia exchanges, the city government said Thursday.

The head of the oldest university in Russia is the co-chairman of the Korea-Russia Dialogue, the highest-level civic, public, industrial and academic consultation channel between the two countries, whose forums were attended by the leaders of the two nations.

Nexon Q3 net profit up 14 pct on popularity of global hits

SEOUL -- Online gaming firm Nexon Co. said Thursday its net profit for the third quarter increased 14 percent on-year on the back of the continued popularity of global hits such as "Dungeon & Fighter" and "Maple Story."

Net profit for the July-September period jumped to 223.9 billion won (US$200.3 million), the company said in a regulatory filing.

(3rd LD) Hyundai to ship refreshed G90 early next year

SEOUL -- Hyundai Motor Co., South Korea's biggest carmaker by sales, said Thursday it will ship the Genesis G90 flagship to the United States and other markets early next year, following its domestic launch this month.

The refreshed G90 sold under the independent Genesis brand at home and abroad was revealed to reporters at the model's unveiling event in southern Seoul.

(LEAD) Koreas agree to each retain 1 of 11 guard posts subject to 'compete demolition' plan

SEOUL -- The Koreas agreed Thursday to each retain one of the 11 border guard posts they have selected for "complete demolition" due to their historical symbolism, Seoul's defense ministry said.

During their general-grade military talks last month, they agreed to each withdraw 11 guard posts in the Demilitarized Zone by the end of this month and verify their removal in December in line with their September military agreement aimed at building trust, reducing tensions and preventing accidental clashes.

S. Korea's KEPCO seeks cooperation with Britain over Moorside nuclear project

SEJONG -- South Korea's state-run utility firm said Thursday that it will continue to work with Britain over a nuclear power plant there as Japan's Toshiba Corp. has decided to liquidate its arm NuGen after failing to sell its Moorside project operations.

The Japanese industrial giant, which has a 100 percent stake in the nuclear power plant project, said earlier in the day that it would withdraw from Britain.

Seoul still preparing to hold inter-Korean rail connection ceremony: official

SEOUL -- South Korea will make preparations to hold a groundbreaking ceremony for the connection and the modernization of inter-Korean railways, as agreed earlier by the Koreas, regardless of the recent postponement of high-level talks between North Korea and the United States, a Seoul government official said Thursday.

S. Korea submits report on racial discrimination to U.N. body

SEOUL -- South Korea's human right watchdog said Thursday it has submitted a government report to the U.N. Committee on the Elimination of Racial Discrimination (CERD) on how rights are implemented in the country.

The CERD will review the South Korean report and reports from five other countries, including Norway, from Nov. 26-Dec. 14, a National Human Rights Commission (HRC) official said.

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