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Yonhap News Summary

Yonhap News Summary 17:10 December 03, 2018

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

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(LEAD) Life expectancy of S. Koreans edges up to 82.7 yrs in 2017

SEJONG -- South Korean babies born in 2017 are expected to live more than 82 years, government data showed Monday, as a growing number of people take care of their health by receiving regular medical checkups and treatment.

Life expectancy at birth averaged 82.7 years in 2017, three months longer than a year earlier, according to the data compiled by Statistics Korea.

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(LEAD) Seoul shares hit 6-week high on eased trade tensions

SEOUL -- South Korean stocks rose sharply to a six-week high Monday as a U.S.-China trade truce boosted investor sentiment, analysts said. The Korean won sharply gained ground against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) added 35.07 points, or 1.67 percent, to 2,131.93, marking the highest level since Oct. 22 when the bourse finished at 2,161.71.

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KT aims for leadership role in global 5G service sector: CEO

SEOUL -- KT Corp., South Korea's leading fixed-line services provider, is aiming to become a top player in the world's fifth-generation (5G) service sector, its CEO said Monday.

"KT is committed to reforming itself to lead the fourth industrial revolution and be a smart platform provider in light of the 5G commercialization era," Hwang Chang-gyu said in an email message to all employees.

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S. Korea vows to foster nuclear decommissioning industry

SEOUL -- South Korea will unveil a comprehensive plan to foster the nuclear decommissioning industry next year to target a growing market for such work and satisfy the local supply chain under the nuclear phase-out plan, the energy ministry said Monday.

Sung Yun-mo, minister of trade, industry and energy, made the pledge during his visit to the Kori-1 reactor in the southeastern port city of Busan, which was shut down in June 2017 following 40 years of commercial use.

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31 pct of elderly people land low-wage jobs after retirement

SEOUL -- Thirty-one percent of people aged 65 or older held low-wage jobs, such as cleaners or security guards for flats, last year after their retirement, a report said Monday.

The report by state-run Korea Development Bank showed a rising poverty rate among elderly people in fast-aging South Korea, already highest among members of the Organization for Economic Cooperation and Development (OECD).

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S. Korea, U.S. plan videoconference meeting on N. Korea

SEOUL -- South Korean and U.S. officials are expected to hold "working group" consultations on North Korea this week via videoconferencing, a diplomatic source here said Monday.

The allies launched the new communication channel in November as part of efforts to coordinate their approach toward Pyongyang more systematically and frequently amid concerns about a possible schism over the issue of sanctions.

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Hyundai's Nov. sales fall 4.2 pct on weak China sales

SEOUL -- Hyundai Motor Co., South Korea's largest carmaker by sales, said Monday its November sales fell 4.2 percent from a year earlier on weak overseas demand.

Hyundai sold 403,381 vehicles last month, down from 421,110 units a year earlier, the company said in a statement.

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(LEAD) Pitcher voted by peers as top player after rejecting match-fixing offers

SEOUL -- A pitcher was voted by his peers as the top player of the 2018 South Korean baseball season on Monday for turning down match-fixing offers.

The Korea Professional Baseball Players Association (KPBPA) named Doosan Bears' right-hander Lee Young-ha the winner of the Player of the Year honors at the 2018 Players' Choice Awards.
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