Yonhap News Summary

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

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Moon vows thorough implementation of policy goals, election pledges

SEOUL -- The government will hold a special session each year to review and also report to the public the implementation progress of its key policy initiatives, the president said Wednesday, reaffirming his promise to honor his election pledges, including the creation of over 800,000 new government jobs within his term.

"The government will hold a report session chaired by the president at the end of each year to thoroughly review the implementation of its policy tasks and report it to the people," Moon Jae-in said.

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President appoints new justice minister, Supreme Court justices

SEOUL -- President Moon Jae-in has officially appointed his new justice minister and two Supreme Court justices, the presidential office Cheong Wa Dae said Wednesday.

Moon electronically approved the appointment of Park Sang-ki as the new justice minister late Tuesday, hours after the parliamentary hearing committee issued a report on the outcome of his confirmation hearing.

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(LEAD) Moon asks opposition leaders to endorse extra budget

SEOUL -- President Moon Jae-in renewed his call for parliamentary approval of a government bill on extra budget in a rare meeting with ruling and opposition party leaders Wednesday, saying it will be a little push but all that is needed to put the economy on the right track.

"It is clear our economy too is beginning to improve. We have confidence that we can further improve the economy with just a little push," the president said while meeting with the ruling and opposition party leaders at his office Cheong Wa Dae.

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S. Korean defense chief vows stronger alliance with U.S.

SEOUL -- South Korean Defense Minister Song Young-moo assured the leader of American troops here Wednesday that he will place top priority on bolstering the time-honored alliance against North Korea's saber-rattling.

Song, who took office last week, delivered the message to Gen. Vincent K. Brooks, who commands the U.S. Forces Korea (USFK), in their introductory meeting at Song's office in Seoul, according to his ministry.

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S. Korea aims to generate 20 pct of electricity with renewables by 2030

SEOUL -- South Korea aims to generate 20 percent of its electricity with clean, renewable energy by 2030, while reducing its reliance on fossil fuel and nuclear power plants, the new Moon Jae-in administration said Wednesday.

In a policy report to President Moon Jae-in, who took office in May, the State Affairs Planning Advisory Committee said it will encourage big companies and small merchants to use renewable energy by offering financial incentives and other promotional packages.

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S. Korea to create memorial day for wartime sex crime victims

SEOUL -- South Korea plans to establish a national memorial day to remember the country's "comfort women," victims of sex crimes committed by Japan during the second World War, according to a state policy blueprint announced Wednesday.

The government said it has approved a plan by the State Affairs Planning Advisory Committee to designate an official remembrance day for the country's hundreds of thousands of women forced to work in front-line brothels for Japanese soldiers during the war.

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S. Korean amb. to Ethiopia under probe for sexual harassment allegations

SEOUL -- An internal investigation is underway into South Korea's ambassador in Ethiopia for sexual harassment allegations, a foreign ministry official said Wednesday.

A team of investigators will be soon sent to the African country to carry out a probe into Amb. Kim Moon-hwan, according to the ministry official.

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High court reduces sentence for Lotte founder's daughter over embezzlement

SEOUL -- A Seoul appellate court on Wednesday lowered the jail term for the daughter of the Lotte Group founder charged with embezzlement and breach of trust.

The Seoul High Court handed down a two-year sentence on Shin Young-ja, head of the Lotte Foundation, saying that it allowed for the fact that she has paid back most of the misappropriated funds.

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Over 200 mln personal info leaked since 2011: report

SEOUL -- More than 200 million pieces of personal information in South Korea have been leaked either through hacking attacks or poor network management since 2011, a government report showed Thursday

According to the report by the Korea Communications Commission, more than 200 million cases of private information, such as resident registration numbers, phone numbers and addresses, have been leaked between 2011 and June of this year.

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(LEAD) LG Chem Q2 net up 57 pct on solid demand

SEOUL -- LG Chem Ltd., South Korea's top chemicals firm, said Wednesday that its second-quarter earnings surged 57 percent from a year earlier on steady demand for its key products, particularly basic materials.

Net profit reached 590 billion won (US$526 million) in the April-June period, compared with a profit of 375 billion won a year earlier, it said in a regulatory filing.

Source: Yonhap News Agency

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