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Yonhap News Summary

All Headlines 13:30 January 08, 2019

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

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(4th LD) N. Korean leader in Beijing for talks with Xi ahead of possible summit with Trump

SEOUL/BEIJING -- North Korean leader Kim Jong-un arrived in Beijing on Tuesday for talks with Chinese President Xi Jinping amid speculation that his second summit with U.S. President Donald Trump might be forthcoming soon.

A special train carrying Kim and his wife, Ri Sol-ju, arrived at a highly secure station in Beijing at around 10:55 a.m. Escorted by Chinese police, he and his entourage were headed in prearranged cars to Diaoyutai State Guesthouse in Beijing.
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(2nd LD) Samsung's Q4 operating profit tumbles 28.7 pct on tepid memory demand

SEOUL -- Samsung Electronics Co. said Tuesday its operating profit plunged 28.7 percent in the fourth quarter compared with a year ago due to weak memory demand, falling far short of market expectations.

Operating profit came to 10.8 trillion won (US$9.66 billion) in the October-December period, the South Korean tech behemoth said in a regulatory filing. This is down 38.5 percent from 15.1 trillion won posted a quarter earlier.

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(LEAD) S. Korea to provide 200,000 doses of Tamiflu to N. Korea

SEOUL -- South Korea decided Tuesday to provide North Korea with about 200,000 doses of Tamiflu antiviral medication and other medical materials later this week, the unification ministry said.

The Inter-Korean Exchange and Cooperation Council made the decision and set aside about 3.56 billion won (US$3.2 million) for the project, the ministry said.

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(2nd LD) KB Kookmin Bank stages strike, 600 branches affected

SEOUL -- Workers at KB Kookmin Bank, South Korea's leading lender, launched a nationwide strike Tuesday for the first time in 19 years over bonuses and wage system reforms, its labor union said.

The one-day walkout started at 9 a.m., as last-minute overnight negotiations between the labor and the management did not lead to a breakthrough.

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(LEAD) S. Korea's current account hits seven-month low in Nov.

SEOUL -- South Korea's current account surplus narrowed to a seven-month low in November from a year earlier due to a decrease in the goods account, central bank data showed Tuesday.

The country's current account surplus came to US$5.06 billion in November, down from $7.43 billion a year earlier, according to the preliminary data from the Bank of Korea (BOK).

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President urges efforts to make 'concrete' progress in economic reform

SEOUL -- President Moon Jae-in on Tuesday called on his top government officials to make actual progress in efforts to build an innovative and inclusive nation, saying the goal is not to boast but to make people feel and benefit from changes.

In the first Cabinet meeting of the year, the president said the direction of the economic reform has been set.

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(Yonhap Feature) S. Korean moviegoers captivated by singalong screenings of 'Bohemian Rhapsody'

SEOUL -- As the theater turned pitch black, nearly 200 moviegoers were waiting for the screening to start, with some holding glow-in-the-dark sticks and tambourines. They were also ready to do something unusual: sing along.

As "Somebody to Love," a hit song by the legendary British rock band Queen, blared out, the audience for the movie "Bohemian Rhapsody" began to clap their hands, yell with joy and belt out the number as if they were at a live concert.
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