Yonhap News Summary
The following is the second summary of major stories moved by Yonhap News Agency on Tuesday.
-----------------
(LEAD) Presidential office hoping for swift normalization of ruling party
SEOUL -- The presidential office said Tuesday it hopes the ruling party is quickly normalized, shortly after the People Power Party (PPP) decided to convene a meeting to discuss switching to an emergency leadership system.
"The party is going through a complicated and difficult problem, and we just hope it will be stabilized soon," a presidential official said.
-----------------
(LEAD) Yoon orders public discussion on plan to lower school entry age
SEOUL -- President Yoon Suk-yeol has ordered the education ministry to swiftly put to public debate the government's proposal to lower the elementary school starting age by one year to 5, an official said Tuesday.
Yoon also instructed the ministry to play a role in facilitating bipartisan discussions about the plan in the National Assembly because the plan is subject to parliamentary approval, said senior presidential secretary for social affairs Ahn Sang-hoon.
-----------------
SK hynix completes 576 bln-won acquisition of chip contract firm Key Foundry
SEOUL -- SK hynix Inc., South Korea's second-largest chipmaker, said Tuesday it has wrapped up a 576 billion-won (US$492 million) acquisition of local chip contract manufacturer Key Foundry.
The company said it has recently completed the official acquisition process of the 8-inch wafer foundry manufacturer from Magnus Investment Partners LLC, a private equity fund, under a 100 percent stake-purchase deal signed in October of last year.
-----------------
Foreign ministry refuses to comment on Pelosi's expected visit to Taiwan
SEOUL -- South Korea's foreign ministry refused Tuesday to comment on U.S. House of Representatives Speaker Nancy Pelosi's expected visit to Taiwan but reiterated its position on the importance of "stability and peace" in the Taiwan Strait.
Pelosi was reportedly expected to arrive in Taiwan later in the day, a high-profile trip that Beijing has opposed, as it views the self-governing island as part of its territory under a one-China principle.
-----------------
Ex-KBO strikeout king Dan Straily rejoins Lotte Giants
SEOUL -- Two years after leading the South Korean league in strikeouts, American right-hander Dan Straily is coming back.
The Lotte Giants of the Korea Baseball Organization (KBO) announced Tuesday that Straily has rejoined the team at US$400,000 for the rest of this season. The 33-year-old pitcher is replacing Glenn Sparkman, who was waived Sunday after going 2-4 with a 5.31 ERA in 19 starts in his first season here.
-----------------
S. Korea seeks Vietnam's support for corporate participation in power plant projects
SEOUL -- South Korea's industry minister on Tuesday asked for Vietnam's support to ensure that Korean companies can participate in gas-fueled power plant projects in the Southeast Asian country, his office said.
Lee Chang-yang, minister of trade, industry and energy, made the request during a meeting with his Vietnamese counterpart, Nguyen Hong Dien, who is in Seoul for a four-day visit as part of an 18-member delegation.
-----------------
(LEAD) Seoul shares snap 6-day winning streak amid recession woes
SEOUL -- Seoul shares ended lower Tuesday, snapping a six-day winning streak, as investors remain watchful on escalating U.S.-China tension over Taiwan amid global recession worries. The Korean won fell against the U.S. dollar.
The benchmark Korea Composite Stock Price Index fell 12.63 points, or 0.52 percent, to close at 2,451.5 points.
(END)
-
(Yonhap Interview) Fintech startup AIM aims to bring professional wealth services to ordinary investors
-
Pelosi to meet Nat'l Assembly speaker amid heightened regional tensions over Taiwan visit
-
(2nd LD) Kim, Pelosi agree to support efforts for denuclearization of N. Korea
-
(LEAD) Assembly speaker meets with Pelosi amid heightened Sino-U.S. tensions
-
N. Korea appears to release border dam water without prior notice: official
-
(Yonhap Interview) Fintech startup AIM aims to bring professional wealth services to ordinary investors
-
(2nd LD) Kim, Pelosi agree to support efforts for denuclearization of N. Korea
-
(LEAD) Assembly speaker meets with Pelosi amid heightened Sino-U.S. tensions
-
7 dead, 6 missing in heaviest rainfall in 80 years
-
(5th LD) 8 dead, 7 missing in record rainfall in Seoul, surrounding areas
-
16 dead, missing in record rainfall in Seoul, surrounding areas in 3 days
-
(6th LD) 9 dead, 6 missing in record rainfall in Seoul, surrounding areas
-
(2nd LD) THAAD issue shouldn't be obstacle in Seoul-Beijing ties, top diplomats agree
-
(LEAD) Yoon visits semi-basement apartment where flood killed 3
-
(LEAD) Yoon apologizes to nation after heavy rains trigger massive flooding