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Yonhap News Summary

Yonhap News Summary 17:00 February 11, 2019

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

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(LEAD) Trump-Kim summit to be critical turning point for N.K. denuclearization: Moon

SEOUL -- President Moon Jae-in said Monday the upcoming second summit between the United States and North Korea will become a critical turning point for the complete denuclearization of the Korean Peninsula and peacemaking process.

Moon also said at a meeting with presidential secretaries and aides the U.S.-North Korea summit slated for Feb. 27-28 in Vietnam will serve as an opportunity for the Koreas to elevate their ties.

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(LEAD) N.K. media calls for 'corresponding practical action' from U.S.

SEOUL -- North Korean state media outlets called on the United States on Monday to take "corresponding practical action" reciprocating Pyongyang's denuclearization steps after the two countries wound up the first round of preparatory talks ahead of a second summit of their leaders.

North Korea has long claimed it has done its part under the agreement reached at June's historic first-ever summit between leader Kim Jong-un and U.S. President Donald Trump, such as blowing up its nuclear testing site, and that it's the U.S.'s turn to do something in return, such as sanctions relief.

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(LEAD) Opposition party sticks to leadership election schedule

SEOUL -- The main opposition Liberty Korea Party (LKP) reaffirmed Monday that it will hold its leadership election as scheduled late this month after most of the contenders threatened to boycott the event.

Six of eight candidates for the LKP's leadership election, slated for Feb. 27, want the conservative party to postpone the event by at least two weeks to avoid a clash with a second summit between the United States and North Korea slated for Feb. 27-28 in Vietnam.

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(2nd LD) Hyundai Motor given green light to set up hydrogen charging station in parliament

SEOUL -- South Korea on Monday said it will allow Hyundai Motor Co. to set up a hydrogen charging station in parliament for fuel cell electric vehicles in a symbolic gesture that underscores Seoul's commitment to boosting the hydrogen economy.

Hyundai Motor, the world's first mass-producer of hydrogen fuel cell electric vehicles, has also been given the green light to install two other hydrogen charging stations in southern Seoul.

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(LEAD) S. Korea initiates work on sports reform with new committee

SEOUL -- South Korea officially kicked off work to reform the sports system in the country with a new committee Monday.

The Ministry of Sports, Culture and Tourism said that its Sports Innovation Committee held its first meeting to discuss problems in sports. The ministry last month announced the launch of the committee after a series of sexual assault and violence scandals were reported by athletes.

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Another taxi driver sets himself on fire

SEOUL -- A taxi driver set himself on fire in his cab Monday in another apparent suicide attempt in protest of a commercial ride-sharing service.

A 62-year-old, identified by his last name Kim, set his seat in the taxi ablaze in front of the National Assembly in western Seoul at about 3:50 p.m., after he was denied entry to the parliament. The fire was put out by rescue officials shortly afterwards.

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(LEAD) Seoul shares inch up amid trade war uncertainties

SEOUL -- South Korea's main bourse ended slightly higher Monday as investors cautiously awaited developments regarding trade talks between the United States and China, analysts said. The local currency weakened against the greenback.

The benchmark Korea Composite Stock Price Index (KOSPI) added 3.68 points, or 0.17 percent, to finish at 2,180.73. Trading volume was relatively light at 398.63 million shares worth 5.15 trillion won (US$5.01 billion), with losers outnumbering gainers 471 to 368.
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