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Yonhap News Summary

All Headlines 17:30 November 19, 2018

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

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(LEAD) Seoul says N.K. leader's visit this year is still possible

SEOUL -- It is still possible that North Korean leader Kim Jong-un could visit the South this year despite a delay in denuclearization talks between Washington and Pyongyang, the unification ministry said Monday.

"We will make preparations to make the agreements that the South and the North agreed upon, including Kim's trip to the South, take place without a hitch within this year," Baik Tae-hyun, a ministry spokesman, told a regular press briefing.

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(LEAD) Seoul shares hit 4-week high on eased trade woes

SEOUL -- South Korean stocks rose to a four-week high Monday on eased trade woes, analysts said. The local currency lost ground against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 8.16 points, or 0.39 percent, to close at 2,100.56. It is the highest level since Oct. 23 when the KOSPI finished at 2,106.1.

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(LEAD) S. Korea, U.S. still apart over splitting USFK cost

SEOUL -- South Korea and the United States failed to reach a deal on sharing the cost of American troops stationed on the peninsula in formal negotiations last week, a government official here said Monday.

Senior diplomats of the two sides had three-day talks on the Special Measures Agreement (SMA) to set the amount of Seoul's financial contributions for the 28,500-strong U.S. Forces Korea (USFK) in Honolulu, Hawaii. It was the ninth round of bargaining, as the existing accord, which took effect in 2014, is to expire at the end of this year.

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(LEAD) CJ Cheiljedang to expand lysine plant in Brazil

SEOUL -- CJ Cheiljedang Corp., South Korea's top food maker, said Monday it has launched work to expand its lysine factory in Brazil to meet the growing demand for its products in the South American market.

The company said additional facilities of the plant, in Piracicaba, located in the southeastern state of Sao Paulo, are set to be completed next year.

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(LEAD) Finance minister says it's time to help innovation-led growth bear fruit

SEJONG -- South Korea's chief economic policymaker said Monday that more efforts should be placed on economic reform to help innovation-led growth policies bear fruit.

In a meeting with businessmen, Finance Minister Kim Dong-yeon said it's time to seek measures so the incumbent Moon Jae-in administration's economic policy goals such as income-led growth can make headway.

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(2nd LD) Teen slugger voted top rookie in S. Korean baseball

SEOUL -- Teen phenom Kang Baek-ho was voted the top rookie in South Korean professional baseball for 2018 on Monday.

The 19-year-old outfielder for the KT Wiz won the Korea Baseball Organization (KBO) Rookie of the Year award in a landslide. Kang earned 514 voting points out of a maximum 555 points in a media vote. Nexen Heroes' infielder Kim Hye-seong was a distant second with 161 points.
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