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Yonhap News Summary

Yonhap News Summary 17:06 December 28, 2018

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

S. Korea's exports surpass US$600 bln for first time in 2018

SEOUL -- South Korea's exports have surpassed the annual US$600 billion mark for the first time ever, the government said Friday.

The Ministry of Trade, Industry and Energy said the total value of outbound shipments reached the record high as of 11:12 a.m.

It is the first time that the country's outbound shipment total has breached the number since the country began selling goods on the international market 70 years ago.

Marine Corps chief stresses commitment to enforcing inter-Korean military accord

SEOUL -- South Korea's Marine Corps chief stressed his commitment to enforcing an inter-Korean military accord aimed at reducing border tensions and building trust during his onsite inspection of a unit west of Seoul on Friday.

Lt. Gen. Jun Jin-goo made the remarks weeks after a media report said that his armed service had opposed the defense ministry's proposal to set a no-fly zone along the Northern Limit Line (NLL), a de facto sea border with North Korea.

Archbishop of Gwangju says Pope likely to visit N. Korea if formally invited

GWANGJU -- Archbishop of Gwangju Kim Hee-joong said Friday that a visit by Pope Francis to North Korea was still a possibility when and if the North's leader Kim Jong-un sends the Pope a formal invitation.

In a press conference held in the southwestern city of Gwangju earlier in the day, the president of the Korean Catholic Bishops' Conference sounded positive on the prospect of the Pope's travel to the reclusive nation.

Top court says KT not liable for 2012 hacking of 8.7 million customers' personal info

SEOUL -- The Supreme Court on Friday ruled that telecom service provider KT Corp. is not liable for damage caused by a massive hacking incident in 2012.

Upholding an appellate court's decision, the top court said it is difficult to conclude the hacking, in which the personal information of 8.7 million KT customers was leaked, was caused by negligence by the telecom company.

(LEAD) Seoul stocks end higher on final trading day of 2018

SEOUL -- South Korea's main bourse closed higher on Friday, the last trading session of 2018, as foreign investors sought undervalued shares amid the rosy outlook for next year's market, analysts said. The local currency rose against the U.S. greenback

The benchmark Korea Composite Stock Price Index (KOSPI) gained 12.6 points, or 0.62 percent, to 2,041.04. Trade volume was moderate at 348 million shares worth 4.06 trillion won (US$3.63 billion), with gainers far outpacing losers 577 to 253.

Taxi representatives boycott meeting with gov't on shared mobility

SEOUL -- The heads of four taxi associations boycotted a meeting with the government and the ruling party on Friday over shared mobility, an official said, showcasing the uphill battle to overhaul South Korea's transportation sector.

The meeting was meant to lay the groundwork for the creation of a social dialogue body on carpooling services by Kakao Mobility Corp., the operator of South Korea's largest taxi-hailing app.

Shoo of girl group S.E.S. prosecuted for 'habitual' gambling

SEOUL -- Shoo, a member of S.E.S., a girl group highly popular in the 1990s, was prosecuted for habitually engaging in overseas gambling, the prosecutors' office said Friday.

The prosecution filed the criminal charge of "habitual gambling" against the 37-year-old entertainer whose real name is Yoo Soo-young. She was indicted without physical detention.


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