ID :
73239
Fri, 07/31/2009 - 17:18
Auther :
Shortlink :
https://www.oananews.org//node/73239
The shortlink copeid
Yonhap News Summary
Yonhap News Summary
The following is the second summary of major stories moved by Yonhap News Agency
on Friday.
-----------------
(LEAD) S. Korea's industrial output shrinks 1.2 pct in June
SEOUL -- South Korea's industrial output fell in June but the pace of reduction
decelerated sharply, raising hopes that the economy might be recovering from a
steep contraction, a government report showed Friday.
According to the report by the National Statistical Office (NSO), production in
the mining and manufacturing sectors fell 1.2 percent last month from a year
earlier, compared with a 9 percent on-year contraction in May.
-----------------
S. Korean won hits over 9-month high to dollar
SEOUL -- The South Korean currency rose to an over nine-month high against the
U.S. dollar on Friday as economic recovery hopes boosted foreign investors'
appetite for risky assets, currency dealers said.
The local currency closed at 1,228.5 won to the greenback, up 8.3 won or 0.68
percent, from the previous session. It marked the strongest level since Oct. 14,
2008 and hit the highest closing this year.
-----------------
S. Korea to sell 9 public companies by year's end
SEOUL -- South Korea plans to sell nine state-run companies by the end of this
year as part of efforts to enhance business efficiency in the nation's public
sector, the finance ministry said Friday.
The move comes after the government unveiled plans last year to sell its stakes
in a total of 24 public enterprises in order to help reform the public sector.
-----------------
Japan's opposition party says it will respect atonements for imperialist past
TOKYO -- A senior official from Japan's main opposition party, favored to win the
upcoming general election, said Friday that his party will live up to the
Japanese government's 1995 apology for its past aggressions against Asian
neighbors.
"We will inherit the Murayama statement," Katsuya Okada, secretary general of the
opposition Democratic Party of Japan (DPJ), told South Korean correspondents
here.
-----------------
(News Focus) S. Korean politics deter investment: biz leader
SEOGWIPO -- The head of South Korea's largest business lobby fired off a series
of harsh criticisms this week against the nation's fractured politics, saying the
situation is deterring companies from investing and hurting the economy.
The remarks by Cho Suck-rai, chairman of the Federation of Korean Industries,
came as bills aimed at easing restrictions on large conglomerates were left
stalled in the National Assembly.
-----------------
(LEAD) Education ministry stiffens punishment of anti-govt teachers
SEOUL -- The education ministry on Friday stiffened its punishment of
schoolteachers reprimanded for participating in an anti-government campaign,
including the chief of the teachers' union who is now barred from returning to
his job for five years.
Over 28,000 teachers with the left-leaning Korean Teachers and Education Workers
Union (KTU) released a statement on July 19 denouncing conservative President Lee
Myung-bak's market-oriented educational policy. Their protest intensified after
colleagues were punished for participating in an earlier anti-government campaign
in June endorsed by some 17,000 KTU members. The union claims 80,000 members
nationwide.
-----------------
(LEAD) Seoul stocks end 1.47 pct higher on economic recovery hopes
SEOUL -- South Korean shares closed 1.47 percent higher Friday as upbeat economic
data boosted investor sentiment, analysts said. The local currency rose against
the U.S. dollar.
The benchmark Korea Composite Stock Price Index (KOSPI) climbed 22.55 points to a
new yearly record of 1,557.29. Volume was moderate at 458 million shares worth
7.17 trillion won (US$5.84 billion) with gainers outpacing losers 517 to 288.
(END)
The following is the second summary of major stories moved by Yonhap News Agency
on Friday.
-----------------
(LEAD) S. Korea's industrial output shrinks 1.2 pct in June
SEOUL -- South Korea's industrial output fell in June but the pace of reduction
decelerated sharply, raising hopes that the economy might be recovering from a
steep contraction, a government report showed Friday.
According to the report by the National Statistical Office (NSO), production in
the mining and manufacturing sectors fell 1.2 percent last month from a year
earlier, compared with a 9 percent on-year contraction in May.
-----------------
S. Korean won hits over 9-month high to dollar
SEOUL -- The South Korean currency rose to an over nine-month high against the
U.S. dollar on Friday as economic recovery hopes boosted foreign investors'
appetite for risky assets, currency dealers said.
The local currency closed at 1,228.5 won to the greenback, up 8.3 won or 0.68
percent, from the previous session. It marked the strongest level since Oct. 14,
2008 and hit the highest closing this year.
-----------------
S. Korea to sell 9 public companies by year's end
SEOUL -- South Korea plans to sell nine state-run companies by the end of this
year as part of efforts to enhance business efficiency in the nation's public
sector, the finance ministry said Friday.
The move comes after the government unveiled plans last year to sell its stakes
in a total of 24 public enterprises in order to help reform the public sector.
-----------------
Japan's opposition party says it will respect atonements for imperialist past
TOKYO -- A senior official from Japan's main opposition party, favored to win the
upcoming general election, said Friday that his party will live up to the
Japanese government's 1995 apology for its past aggressions against Asian
neighbors.
"We will inherit the Murayama statement," Katsuya Okada, secretary general of the
opposition Democratic Party of Japan (DPJ), told South Korean correspondents
here.
-----------------
(News Focus) S. Korean politics deter investment: biz leader
SEOGWIPO -- The head of South Korea's largest business lobby fired off a series
of harsh criticisms this week against the nation's fractured politics, saying the
situation is deterring companies from investing and hurting the economy.
The remarks by Cho Suck-rai, chairman of the Federation of Korean Industries,
came as bills aimed at easing restrictions on large conglomerates were left
stalled in the National Assembly.
-----------------
(LEAD) Education ministry stiffens punishment of anti-govt teachers
SEOUL -- The education ministry on Friday stiffened its punishment of
schoolteachers reprimanded for participating in an anti-government campaign,
including the chief of the teachers' union who is now barred from returning to
his job for five years.
Over 28,000 teachers with the left-leaning Korean Teachers and Education Workers
Union (KTU) released a statement on July 19 denouncing conservative President Lee
Myung-bak's market-oriented educational policy. Their protest intensified after
colleagues were punished for participating in an earlier anti-government campaign
in June endorsed by some 17,000 KTU members. The union claims 80,000 members
nationwide.
-----------------
(LEAD) Seoul stocks end 1.47 pct higher on economic recovery hopes
SEOUL -- South Korean shares closed 1.47 percent higher Friday as upbeat economic
data boosted investor sentiment, analysts said. The local currency rose against
the U.S. dollar.
The benchmark Korea Composite Stock Price Index (KOSPI) climbed 22.55 points to a
new yearly record of 1,557.29. Volume was moderate at 458 million shares worth
7.17 trillion won (US$5.84 billion) with gainers outpacing losers 517 to 288.
(END)
