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Yonhap News Summary

Yonhap News Summary 13:30 December 06, 2018

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

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(LEAD) N. Korea 'significantly' expands key missile base: report

WASHINGTON -- North Korea has "significantly" expanded a key long-range missile base, while denuclearization negotiations with the United States have stalled, CNN reported Wednesday, citing new satellite imagery.

It's the latest in a series of reports suggesting that North Korea continues to develop its missile programs short of an agreed plan with the U.S. to dismantle them.

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Conglomerates claim 61 pct of S. Korea's corporate operating profit

SEJONG -- Conglomerates with assets worth over 10 trillion won (US$8.9 billion) accounted for 61 percent of combined operating profit of all South Korean businesses last year, government data showed Thursday.

The data underscored that Asia's fourth-largest economy is still dominated by conglomerates, known here as chaebol.

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(LEAD) S. Korea's current account surplus expands to US$9.19 bln in Oct.

SEOUL -- South Korea's current account extended its black figure performance to 80 straight months in October thanks to solid exports, central bank data showed Thursday.

The country's current account surplus came to US$9.19 billion in October, up sharply from $5.72 billion a year earlier, according to the preliminary data from the Bank of Korea (BOK). The number, however, decreased from September when it stood at a 12-month high of $10.83 billion.

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Six out of 10 S. Koreans in favor of N.K. leader's possible visit to Seoul: poll

SEOUL -- More than six out of 10 South Koreans are in favor of North Korean leader Kim Jong-un's potential visit to Seoul on hopes for peace on the Korean Peninsula, a poll showed Thursday.

In a survey of 500 adults nationwide, 61.3 percent of respondents said that they welcome Kim's trip on the grounds that it will help promote inter-Korean reconciliation and peace on the peninsula, according to pollster Realmeter.

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(LEAD) Court holds hearings on arrest warrants of two ex-top court justices

SEOUL -- A Seoul court held hearings Thursday to decide whether to issue arrest warrants for two former Supreme Court justices who were allegedly involved in a massive power abuse scandal in the judiciary.

The hearings of retired Justices Ko Young-han and Park Byong-dae took place separately in the Seoul Central District Court starting at 10:30 a.m.

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(LEAD) Samsung promotes device solution head to vice chairman

SEOUL -- Samsung Electronics Co. said Thursday it has decided to promote Kim Ki-nam, who currently serves as the president and CEO of the crucial device solution division, to vice chairman, as the chip business continued to post record-breaking performances throughout 2018.

The South Korean tech giant said the decision was based on Kim's leadership and the major contributions he made to the company's chip business. Kim will continue to lead the Samsung Advanced Institute of Technology as well.

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Rival parties in talks for breakthrough over gov't 2019 budget bill

SEOUL -- Rival parties held a last-minute negotiation Thursday to make a breakthrough over the government's 2019 budget bill, with electoral reform emerging as a sticking point in moving their talks forward.

The floor leaders of the parties resumed their talks Thursday morning to narrow their differences over the government's proposed 470.5 trillion-won (US$426.6 billion) fiscal spending, four days after the legal deadline for its passage expired.

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(LEAD) N. Korea holds state funeral for former anti-Japanese fighter, military official

SEOUL -- North Korea has held a state funeral for a former anti-Japanese fighter also long involved in the country's military affairs, Pyongyang's state media reported Thursday.

The funeral was held in Pyongyang on Wednesday for Kim Chol-man, who died of an illness at the age of 98 on Monday, according to the Korean Central News Agency (KCNA) and the Rodong Sinmun.
(END)

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