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Yonhap News Summary

Yonhap News Summary 17:24 February 01, 2019

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

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(LEAD) Appeals court gives prison term to ex-governor in Me Too case

SEOUL -- An appeals court on Friday found a former governor of South Chungcheong Province guilty of sexually abusing his then secretary, reversing the highly debated acquittal by a lower court in one of South Korea's high profile Me Too cases.

The Seoul High Court sentenced An Hee-jung to 3 1/2 years in prison, ruling he is guilty of nine counts of the 10 charges that include abuse of power and sexual molestation.

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Koreas discuss holding joint events to mark March 1 Independence Movement

SEOUL -- Senior officials of South and North Korea on Friday discussed cross-border cooperation, including holding events to mark the upcoming centennial of the March 1 Independence Movement against Japan's colonial rule, the unification ministry said.

The meeting was held at the liaison office in the North's border town of Kaesong between Vice Unification Minister Chun Hae-sung, a South Korean head of the office, and Kim Kwang-song, a deputy chief on the North Korean side, according to the ministry.

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(3rd LD) S. Korea's exports fall 5.8 pct in Jan.

SEOUL -- South Korea's exports moved down 5.8 percent in January from a year earlier, government data showed Friday, due mainly to weaker performances by chips and petrochemical goods.

Outbound shipments came to US$46.3 billion for January, down from $49.2 billion posted a year earlier, according to the data compiled by the Ministry of Trade, Industry and Energy.

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(LEAD) Seoul stocks end nearly flat amid uncertainties

SEOUL -- South Korean stocks finished almost flat Friday as institutions and individuals offloaded shares, offsetting a massive buying-spree by foreigners amid uncertainties ahead of the Lunar New year holiday, analysts said. The Korean won fell against the U.S. dollar.

The benchmark Korea Composite Stock Price Index inched down 1.39 points, or 0.06 percent, to close at 2,203.46. Trade volume was moderate at 471 million shares worth 6.74 trillion won (US$6.02 billion), with winners beating losers 440 to 382.

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Hyundai's Jan. sales fall 7.7 pct on weak overseas demand

SEOUL -- Hyundai Motor Co., South Korea's largest carmaker by sales, said Friday its sales fell 7.7 percent last month from a year earlier on weak overseas demand.

Hyundai sold 313,313 vehicles in January, down from 339,374 units a year earlier, the company said in a statement.

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Nuclear safety agency OKs operation of Shin-Kori No. 4 reactor

SEOUL -- South Korea's atomic energy agency on Friday approved the operation of a nuclear power plant that was completed more than a year and half ago.

The Nuclear Safety and Security Commission gave the go-ahead after completing the final safety test of the Shin-Kori No. 4 reactor near the southern port city of Busan.

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(2nd LD) NPS to engae in management of Korean Air's holding firm

SEOUL -- South Korea's state pension operator has decided to exercise its shareholders' rights over Hanjin KAL, the holding firm of national flag carrier Korean Air Lines Co., the welfare ministry said Friday.

The National Pension Service (NPS) made the decision in the state fund's management committee, led by Health and Welfare Minister Park Neung-hoo, on Friday morning.

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Moon to hold summit with Austrian chancellor in mid-Feb.

SEOUL -- President Moon Jae-in plans to hold a summit with the chancellor of Austria in mid-February to discuss ways to expand bilateral cooperation, the presidential office Cheong Wa Dae said Friday.

Chancellor Sebastian Kurz, known as the youngest world leader, will make an official visit to South Korea from Feb. 14-15, according to Moon's office.
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