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Yonhap News Summary

Yonhap News Summary 17:15 February 07, 2019

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

(LEAD) N.K. unlikely to hold military parade marking military foundation anniversary: official

SEOUL -- North Korea is unlikely to hold a military parade celebrating this week's founding anniversary of its armed forces, a unification ministry official said Thursday.

North Korea designated Feb. 8 as its armed forces' day last year and celebrated its 70th founding anniversary with a military parade in Pyongyang.

Biegun due back in Seoul on Friday: sources

SEOUL -- The U.S. envoy for North Korea is expected to fly back to South Korea on Friday to share the outcome of his Pyongyang visit, diplomatic sources have said.

Stephen Biegun has been in North Korea since Wednesday, following his arrival in the South at the weekend.

(LEAD) President Moon emphasizes need for more startup businesses

SEOUL -- President Moon Jae-in called for efforts to create more businesses Thursday, asking the country's top venture firms and successful startup businesses to share their own experiences with others.

"As you all may know, the government is looking to find a new growth engine in innovative growth as it seeks to build an innovative, inclusive nation," the president said in a meeting with the heads of top venture firms and unicorn companies.

(2nd LD) Fire at housing unit kills 3 people in central S. Korea, arson suspected

CHEONAN -- Three members of a family were killed and one seriously injured after a multiplex housing unit was engulfed by a fire on Thursday in central South Korea in a suspected case of arson, police said.

The fire broke out around 6:37 a.m. on the third floor of the three-story housing unit in Cheonan, South Chungcheong Province, before being extinguished in 26 minutes.

Former Seoul mayor makes bid for opposition party leadership

SEOUL -- Former Seoul Mayor Oh Se-hoon announced his candidacy Thursday for leadership in the upcoming election of the main opposition Liberty Korea Party (LKP), vowing to restore confidence in conservative politics.

"It's time that we throw off the yoke of former President Park Geun-hye. We should no longer deny the impeachment. It was a judgment by the people," he told a press briefing at the LKP headquarters in Seoul.

Gov't approves Hyundai officials' planned visit to N. Korea

SEOUL -- The unification ministry said Thursday it has approved a planned visit to North Korea by a group of Hyundai Group officials to commemorate the 20th anniversary of the establishment of Hyundai's North Korean business arm.

Twenty-two Hyundai officials plan to visit the Mount Kumgang resort on North Korea's east coast, just north of the border, on Friday and Saturday to hold a ceremony marking the anniversary of Hyundai Asan, a Hyundai subsidiary set up to deal with inter-Korean businesses.

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