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Yonhap News Summary

All News 17:06 January 08, 2019

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

(5th LD) N.K. 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 apparently aiming to coordinate strategies ahead of his possible second summit with U.S. President Donald Trump.

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 headed in prearranged limousines to Diaoyutai State Guesthouse in Beijing.

(2nd LD) President Moon replaces top aides amid surveillance controversy

SEOUL -- President Moon Jae-in on Tuesday replaced his chief of staff and two other senior secretaries in what was widely seen as a move to put behind a scandal that is apparently hurting his approval rating.

The president named Noh Young-min, currently the ambassador to China, as his new chief of staff.

(3rd 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 wage system reforms and bonuses, 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.

(LEAD) LG Electronics' Q4 operating profit dips 79.5 pct on mobile losses

SEOUL -- South Korean home appliance maker LG Electronics Inc. said Tuesday that its fourth-quarter operating profit plunged 79.5 percent compared with a year earlier, far below the market estimate.

The company's operating profit reached 75.3 billion won (US$67 million) in the October-December period, compared to 366.8 billion won tallied a year earlier, the company said in a regulatory filing.

(2nd LD) N. Korean leader commences another round of summit diplomacy

SEOUL -- As North Korean leader Kim Jong-un has effectively kicked off his new year summit diplomacy with a trip to China this week, South Korea expressed hope Tuesday that it will be conducive to progress in the denuclearization and peace process.

"The government expects that summit and high-level exchanges between the North and China, including a meeting between Chairman Kim Jong-un and President Xi Jinping, will be able to contribute to the complete denuclearization and establishment of permanent peace on the Korean Peninsula," Noh Kyu-duk, spokesman for the Ministry of Foreign Affairs, said at a press briefing.


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