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Yonhap News Summary

Yonhap News Summary 16:57 January 28, 2019

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

(LEAD) Leaders of S. Korea, Qatar hold summit over bilateral ties

SEOUL -- President Moon Jae-in and Qatar's emir held a summit Monday to discuss ways to expand economic ties and promote bilateral cooperation, the presidential office Cheong Wa Dae said.

As part of his first summit diplomacy in the new year, Moon met with Emir Sheikh Tamim bin Hamad Al Thani, who arrived in Seoul on Sunday for a two-day official visit. The monarch is Qatar's head of state.

(LEAD) S. Korean defense chief meets U.S. Ambassador Harris

SEOUL -- South Korea's Defense Minister Jeong Kyeong-doo met Harry Harris, Washington's top envoy here, Monday to discuss a range of pending issues, Jeong's ministry said.

The ambassador's unannounced visit to the Ministry of National Defense came amid a deadlock in the allies' negotiations over Seoul's share of the cost of stationing U.S. troops in Korea.

S. Korea to host UNEP meeting next year

SEOUL -- Asia-Pacific environment ministers will get together in South Korea next year to discuss a variety of pending environmental issues like climate change and biodiversity, the environment ministry said Monday.

"South Korea has been chosen as the venue for the fourth session of the UN Environment Programme's Forum of Environment Ministers and Environment Authorities of Asia Pacific," the ministry said, adding the decision was made at the third session in Singapore last week.

Trade minister to visit U.S. on Section 232 tariffs

SEOUL -- South Korea's trade ministry said Monday its minister will visit the United States this week to meet governmental officials and discuss issues centered on automobile tariffs.

The Ministry of Industry, Trade, and Energy said Trade Minister Kim Hyun-chong will leave for Washington on Tuesday and return home on Feb. 6.

(LEAD) S. Korea announces failure of first artificial rain experiment over sea

SEOUL -- South Korea's first artificial rain experiment over the Yellow Sea to analyze its effect on reducing fine dust concentrations has ended in failure, the government announced Monday.

The Korea Meteorological Administration (KMA) and the Ministry of Environment said that their research institutes conducted the artificial precipitation experiment over the sea about 110 km southwest of Gunsan, a port of North Jeolla Province, on Friday but with little success.

S. Korea to implement electronic securities system this year

SEOUL -- Stocks and bonds will no longer exist as paper forms in South Korea starting from September, as the country moves to introduce an electronic securities system, the financial regulator said Monday.

Under the new enforcement ordinance to take effect on Sept. 16, the issuance, registration and circulation of securities will be made on an electronic basis without physical certificates, according to the Financial Services Commission (FSC).

(LEAD) Seoul shares close nearly flat on mixed blue chips

SEOUL -- South Korea's main bourse ended nearly flat on Monday despite trading higher earlier in the session as blue-chip shares saw mixed trade, analysts said. The local currency strengthened against the greenback.

The benchmark Korea Composite Stock Price Index (KOSPI) shed 0.43 points, or 0.02 percent, to finish at 2,177.30. Trading volume was moderate at 366 million shares worth 5.99 trillion won (US$5.37 billion), with losers outpacing gainers 457 to 359.

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