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Yonhap News Summary

Yonhap News Summary 13:30 November 12, 2018

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

(LEAD) minister nominee-economic growth

SEJONG -- The finance minister nominee said Monday that he will work on a set of measures aimed at boosting the country's growth potential, with a focus on improving dismal job conditions.

"My task is to help maintain the country's growth potential at a stable level, and I have to lay the foundation for it to be raised going forward," Hong Nam-ki told reporters in Seoul.

Seoul shares down in late morning trading on bio losses

SEOUL -- South Korean stocks traded lower late Monday morning as both foreign and institutional investors offloaded large-cap bio shares.

The benchmark Korea Composite Stock Price Index (KOSPI) shed 7.73 points, or 0.37 percent, to 2,078.36 as of 11:20 a.m.

(LEAD) S Korea-Libya hostage

SEOUL -- A South Korean man kidnapped by an armed group in Libya in July has been confirmed to be in good health amid "various activities" to win his release, a government official here said Monday.

The South Korean foreign ministry official cited consultations with the Libyan authorities on the matter.

Two Koreas, UNC hold talks on disarming Panmunjom

SEOUL -- Military officials from South and North Korea and the United Nations Command (UNC) opened another round of working-level consultations Monday on disarming the truce village of Panmunjom inside the Demilitarized Zone (DMZ), the Ministry of National Defense said.

The trilateral session at the Freedom House located on the southern side of Panmunjom is meant to focus on the operation of surveillance equipment at the Joint Security Area (JSA) along the inter-Korean border.

Regulator calls for thorough measures amid U.S.-China trade disputes

SEOUL -- South Korea has been hit hard by trade frictions between the United States and China, Seoul's financial regulator said Monday, calling for efforts to revamp export industries and nurture new growth engines.

Kim Yong-beom, vice chairman of the Financial Services Commission (FSC), made the remarks in a lecture hosted by the Korea Chamber of Commerce and Industry in Seoul.

Police refer case of exam cheating by father, daughters to prosecution

SEOUL -- Police wrapped up their probe Monday into alleged exam cheating by a high school teacher and his twin daughters and sent the case to state prosecutors, recommending indictments against the three suspects, officials said.

Seoul Suseo Police Station announced the outcome of the two-month investigation into suspicions that the teacher at Sookmyung Girls' High School in southern Seoul stole exam papers for his two second-year daughters who attend the same school and helped them come out at the top of the ranks.

Moon's approval rating remains flat in mid-50 percent range

SEOUL -- President Moon Jae-in's approval rating remained flat in the mid-50 percent range last week, compared with a week earlier, a survey showed Monday.

The Realmeter poll of 2,503 people from Monday through Friday put Moon's rating at 55.4 percent, 0.2 percentage point lower than the previous week. It marked the sixth consecutive drop in the weekly survey, though the figure was in the survey's margin of error of plus or minus 2 percentage points.

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