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Yonhap News Summary

Yonhap News Summary 17:00 January 10, 2019

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

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(2nd LD) Moon vows to maintain gov't economic policy line

SEOUL -- President Moon Jae-in said Thursday that he plans to stick to his economic policies that are being criticized amid the slowing economy and tepid job creation, citing the need for sustainable growth.

The president said that the government will make up for shortfalls if needed but that it will maintain its economic policy line -- promoting income-driven growth, innovation-led growth and a fair economy.

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PM calls for efforts to build future-oriented relations with Japan

SEOUL -- South Korea's prime minister on Thursday called for government efforts to build a future-oriented relationship with Japan, separately from the task of addressing bilateral historical issues.

Prime Minister Lee Nak-yon said in a government meeting that history cannot be neglected, but it is not desirable to neglect preparations for the future due to history.

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Interest group claims there are more sexual assault victims in speed skating

SEOUL -- An interest group for skaters claimed on Thursday there are more victims of sexual assault in speed skating than publicly known so far.

Representatives of Solidarity for Young Skaters and 17 other civic groups related to sports and women's rights held a joint press conference in Seoul on Thursday, denouncing the culture of physical and sexual violence rampant in South Korean sports.

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Nat'l Olympic committee apologizes for assault scandal, vows preventive measures

SEOUL -- South Korea's top sports body on Thursday apologized for a recent assault scandal in the national speed skating program and vowed to implement measures to prevent and eliminate further misconduct.

The sports community is reeling from allegations raised by Olympic short track champion Shim Suk-hee that she'd been sexually assaulted by her former coach, Cho Jae-beom, for several years.

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Net assets of S. Korean investment funds rise 9.6 pct in 2018

SEOUL -- The net assets of South Korea's investment funds rose 9.6 percent on-year in 2018, due to growth in the real estate sector, data showed Thursday.

The net assets of local investment funds came to 544.3 trillion won (US$486.6 billion) last year, up 37.4 trillion won from 2017, according to data compiled by the Korea Financial Investment Association (KOFIA).

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(LEAD) Two S. Korean students die in Cambodia after suddenly falling ill

SEOUL/DAEJEON -- Two South Korean college students died in Cambodia this week after showing symptoms of illness, Seoul's foreign ministry said Thursday.

They travelled to the country last Sunday to do volunteer work.

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(LEAD) Seoul stocks end down as U.S.-China talks end without results

SEOUL -- South Korean shares closed lower Thursday as investors engaged in profit taking, with the U.S. and China wrapping up three days of trade talks without tangible results.

The benchmark Korea Composite Stock Price Index fell 1.43 points, or 0.07 percent, to 2,063.28. Trading volume was moderate at 375.68 million shares worth 5.27 trillion won (US$4.7 billion), with decliners outnumbering gainers 471 to 330.
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