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Yonhap News Summary

Politics 17:07 December 05, 2018

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

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(LEAD) N.K. leader's Seoul visit linked to N.K.-U.S. talks: S. Korea spy agency

SEOUL -- North Korea is expected to decide if its leader Kim Jong-un will visit Seoul in tandem with progress of its denuclearization talks with the United States, South Korea's spy agency was quoted as saying Wednesday.

South Korea hopes that Kim will make his first trip to Seoul by the end of this year, saying that the visit will help accelerate Pyongyang's denuclearization. But prospects for his trip are uncertain amid North Korea's stalled talks with the U.S.

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(LEAD) Labor resistance puts Gwangju work project into crisis

GWANGJU -- The Gwangju job project, intended to create thousands of new low-paying jobs to help fight unemployment in provincial areas, appears to have hit a snag in the face of resistance from laborers, officials said Wednesday.

The project calls for Hyundai Motor to build a new assembly plant in Gwangju, about 330 kilometers south of Seoul, and hire up to 12,000 employees at half the wages the automaker's workers currently receive at its main plant in Ulsan, with the Gwangju government offering incentives and subsidies to the new plant.

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(LEAD) Defense minister urges firm combat readiness to back peace drive

SEOUL -- South Korean Defense Minister Jeong Kyeong-doo on Wednesday stressed the importance of maintaining a robust defense posture to buttress the nascent peace process on the peninsula.

Presiding over a year-end meeting with more than 140 top commanders nationwide, the minister cited two pillars of the government's security strategy: peace and strong defense capability.

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(LEAD) Tax office names more than 7,100 people and companies that are evading taxes

SEJONG -- Former South Korean President Chun Doo-hwan is among thousands of people who failed to pay more than 200 million won (US$179,000) in dues, tax authorities said Wednesday.

The National Tax Service (NTS) made public the names of 5,021 people and 2,136 companies, and the amount of money they have not paid, on its website in an attempt to pressure them into paying their dues.

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Korean victim of Japan's wartime sexual slavery dies at 97

GWANGJU, South Korea -- An elderly Korean victim of Japan's wartime sexual slavery died at age 97 on Wednesday, a foundation that deals with the issue said.

Kim Sun-ok passed away at 9:05 a.m. due to deteriorating health, according to the House of Sharing, a facility dedicated to helping those who were forced into sexual slavery by Japan's military during World War II, in the city of Gwangju, just outside Seoul.

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(LEAD) Seoul shares slump due to trade issue uncertainties, growth

SEOUL -- South Korean stocks skidded on Wednesday as intensifying uncertainties over U.S.-China trade talks and gloomy growth woes dulled investor appetite for risky assets. The Korean won declined against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) shed 13.04 points, or 0.62 percent, to 2.101.31. Trading volume was heavy at 484.1 million shares worth 4.66 trillion won (US$4.18 billion), with losers outnumbering gainers 510 to 323.
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