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Yonhap News Summary

Yonhap News Summary 13:30 November 26, 2018

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

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(LEAD) Koreas in talks to launch joint railway inspection this week

SEOUL -- South and North Korea are in talks to launch a joint railway inspection this week as part of efforts to modernize and eventually connect railway systems of the two Koreas over their border, the unification ministry said Monday.

"The government has a stance to seek inter-Korean exchanges and cooperation within the framework of global sanctions," Baik Tae-hyun, a ministry spokesman, told a regular press briefing.

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Seoul still seeking declaration of end of Korean War before year's end: official

SEOUL -- South Korea still hopes to declare an official end to the Korean War before the year's end, an official from the presidential office Cheong Wa Dae said Monday, amid an apparent stumbling block in denuclearization talks between the United States and North Korea.

"Have we not said the goal was to declare an end of the war before the year's end?" Cheong Wa Dae spokesman Kim Eui-kyeom said when asked if there has been any changes to the goal.

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(LEAD) Authorities to conduct on-site investigation into KT fire

SEOUL -- South Korean authorities conducted an on-site probe Monday to identify the cause of a fire at a KT Corp. building in western Seoul that led to major Internet and phone disruptions around the area.

Officials from the police, firefighting service, the Korea Electric Power Corp. and the national forensic lab carried out the examination.

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Moon's job approval rating dips to record low: poll

SEOUL -- President Moon Jae-in's job approval rating again dropped last week, falling to the lowest level since Moon took office last year, a poll showed Monday.

In a survey conducted by Realmeter last week, Moon's job approval rating came to 52 percent, down 1.7 percentage points from a week earlier.

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Small merchants to save 520 bln won as gov't cuts credit card processing fees

SEOUL -- Small merchants are expected to save upward of 520 billion won (US$459.6 million) annually as the government announced a plan to cut credit card processing fees, officials said Monday.

The move is part of the government's efforts to support self-employed business owners at a time when the nation's economy shows signs of sluggish growth in the face of weakening private consumption.

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Joint survey of Han River's waterway to be completed next month

SEOUL -- The two Koreas have completed nearly 80 percent of their inspection of the Han River's waterway and are set to complete the process by Dec. 11, a state-run research institute said Monday.

A 20-member team has conducted the hydrographic survey of the mouth of the Han River since Nov. 5 and has completed 77 percent of the 660 kilometer route, the Korea Hydrographic and Oceanographic Agency (KHOA) said.

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