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Yonhap News Summary

Yonhap News Summary 17:07 November 22, 2018

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

(2nd LD) Koreas connect road inside heavily fortified DMZ

SEOUL -- The Koreas connected a 3 kilometer-long tactical road across the Military Demarcation Line inside the Demilitarized Zone (DMZ) on Thursday to support a joint project to excavate Korean War remains at a notorious battle site.

The unpaved road was established at Arrowhead Ridge, or Hill 281, in Cheorwon, 90 kilometers northeast of Seoul -- a site that the two sides have designated for the project to retrieve troop remains from April to October next year.

BTS' album certified gold by Recording Industry Association of America

SEOUL -- South Korean boy band BTS has achieved gold status from the Recording Industry Association of America (RIAA) for its compilation album "Love Yourself: Answer," its agency said Thursday.

It is the first time for any South Korean musician to get gold certification for an album, Big Hit Entertainment said.

(LEAD) S. Korean parliament resumes review of bills, gov't budget proposal

SEOUL -- Rival parties on Thursday resumed their review of key bills and the government's 2019 budget proposal one day after they agreed to put parliament back on track following a weeklong hiatus.

The National Assembly has around 90 bills to review for their passage during the ongoing regular session. The government's record 470.5 trillion-won (US$416.5 billion) budget proposal is also pending, with a legal deadline for the review scheduled for Dec. 2.

(LEAD) Seoul shares drop amid wait-and-see atmosphere

SEOUL -- South Korean stocks fell for the third straight session on Thursday as investors sat on the sidelines amid high uncertainties, analysts said. The local currency gained ground against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) lost 6.60 points, or 0.32 percent, to close at 2,069.95. Trading volume was light at 237 million shares worth 3.98 trillion won (US$3.52 billion), with losers outnumbering winners 576 to 249.

Confirmation hearing for finance minister nominee scheduled for Dec. 4

SEOUL -- The National Assembly plans to hold a confirmation hearing for the nominee for the finance minister on Dec. 4, lawmakers said Thursday.

On Nov. 9, President Moon Jae-in named Hong Nam-ki, the chief of the government policy coordination office under the prime minister's office, to replace Kim Dong-yeon as finance minister.

S. Korea, IAEA to hold talks over N. Korea, safeguards next week

SEOUL -- South Korea and the International Atomic Energy Agency (IAEA) will hold their regular high-level policy consultative meeting in Seoul next week over North Korea's nuclear program and bilateral nuclear safeguard cooperation, Seoul's foreign ministry said Thursday.

Seoul's Deputy Foreign Minister for Multilateral and Global Affairs Kang Jeong-sik and Massimo Aparo, the head of the IAEA department of safeguards, will lead the seventh round of the meeting Monday.

S. Korea's key attacking midfielder to miss Asian Cup due to torn ACL

SEOUL -- South Korean attacking midfielder Nam Tae-hee will miss the upcoming continental football tournament due to injury, a national football team official said Thursday.

A Korea Football Association (KFA) official said a magnetic resonance imaging (MRI) test showed Nam has a torn anterior cruciate ligament (ACL) in his right knee. The official said that, since Nam is expected to take about six months to fully recover from his injury, the player is certain to miss the 2019 Asian Football Confederation Asian Cup, which will kick off on Jan. 5 in the United Arab Emirates.


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