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Yonhap News Summary

All News 17:30 January 11, 2019

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

S. Korea calls for auto tariff relief from U.S.

SEJONG -- South Korea's finance minister called Friday for an exemption from U.S. tariffs on South Korean automobiles as he expressed deep concerns about an ongoing U.S. probe.

Hong Nam-ki, the minister of economy and finance, made the appeal in a meeting with U.S. Ambassador to South Korea Harry Harris at the government complex building across from the U.S. Embassy in central Seoul, according to the finance ministry.

(LEAD) Xi may visit N. Korea in April: S. Korea ruling party chief

SEOUL -- Chinese President Xi Jinping may visit North Korea in April in what could be his first trip to the neighboring country, South Korea's ruling party chief said Friday.

Lee Hae-chan, chairman of the Democratic Party (DP), made the remark during his meeting with Noh Young-min, President Moon Jae-in's new chief of staff, at the National Assembly.

(LEAD) Seoul stocks end up on optimism over U.S.-China trade talks

SEOUL -- South Korean shares closed higher Friday on optimism over U.S.-China trade negotiations. The won rose against the dollar.

The benchmark Korea Composite Stock Price Index rose 12.29 points, or 0.60 percent, to 2,075.57. Trading volume was moderate at 372.53 million shares worth 4.48 trillion won (US$4.01 billion), with gainers outnumbering decliners 534 to 294.

(LEAD) Kang forecasts preparatory talks for 2nd U.S.-N.K. summit may occur 'sooner or later'

SEOUL -- South Korea's Foreign Minister Kang Kyung-wha forecast Friday that the United States and North Korea may hold talks "sooner or later" to prepare for their second summit.

Kang made the remarks amid hopes that another summit between U.S. President Donald Trump and North Korean leader Kim Jong-un will lead to a breakthrough in apparently deadlocked negotiations over Pyongyang's denuclearization.

(LEAD) Way to prevent bulk-cash inflow needed to reopen Kaesong complex: Seoul official

SEOUL -- A senior official at South Korea's foreign ministry has raised the need to find a way to prevent any flow of "bulk cash" into North Korea for the resumption of the inter-Korean industrial complex and tours to a mountain resort in the communist state.

The official pointed to international sanctions, including a ban on lump sum cash payments that could be channeled into the North's nuclear program, as a key hurdle to restarting stalled inter-Korean cooperation projects.

(3rd LD) 3 dead, 2 missing in fishing boat collision

TONGYEONG, South Korea -- A fishing boat carrying 14 people overturned after colliding with a cargo vessel off the country's southern coast, leaving three people dead and two missing, authorities said Friday.

The 9.77-ton Mujeok, carrying the captain, a sailor and 12 anglers, capsized after running into a 3,000-ton cargo ship in waters about 80 kilometers south of Yokji Island at around 5 a.m., according to the Coast Guard.

The island is located near the coastal city of Tongyeong, about 330 km south of Seoul.

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