Yonhap News Summary: Lee's Peace Commitment, Busan Tugboat Capsizing, and More
A roundup of major news stories from Yonhap News Agency covering politics, accidents, international disaster relief, and market updates.
Quick Look
Yonhap News summary covers President Lee's peace push, a Busan tugboat capsizing leaving six missing, a South Korean relief team deployed to Nepal floods, Seoul shares tumbling over U.S.-Iran tensions, and Chipotle opening its first Asian outlet in Seoul.
AI-generated summary
Why It Matters
Yonhap News Agency provides regular roundups of major domestic and international news stories affecting South Korea.
The following is the second summary of major stories moved by Yonhap News Agency on Wednesday.
■ Lee reaffirms commitment to replacing Korean armistice with peace regime
SEOUL -- President Lee Jae Myung reaffirmed his commitment Wednesday to establishing a permanent peace regime on the Korean Peninsula, also pledging efforts to help resume dialogue between the North and the United States to establish peace.
The president reiterated the commitment during a gathering of the American unit of the Peaceful Unification Advisory Council, a presidential advisory body on unification, in Incheon, west of Seoul.
■ (LEAD) 2 rescued, 6 missing after tugboat capsizes in waters off Busan
BUSAN -- A tugboat capsized in waters off the southeastern city of Busan on Wednesday, with two crew members rescued so far and six others missing, the Coast Guard said.
The 286-ton vessel, believed to be carrying eight crew members, overturned in the waters just southeast of Busan at about 1:30 p.m., according to the Coast Guard.
■ Intensive search under way for 9 S. Koreans missing in Nepal floods
SEOUL -- A South Korean disaster relief team arrived in Nepal on Wednesday to help bolster the ongoing intensive search for nine South Koreans and other victims missing in massive floods and landslides, the foreign ministry said.
The 44-member Korea Disaster Relief Team (KDRT), comprising personnel from the ministry, the Korea International Cooperation Agency (KOICA) and fire authorities, arrived in Kathmandu earlier in the day aboard an Air Force KC-330 Cygnus multirole tanker transport aircraft, according to the ministry.
■ (LEAD) Seoul shares tumble 4 pct on renewed U.S.-Iran tensions; won strengthens
SEOUL -- South Korean stocks tumbled 4 percent Wednesday as renewed hostility between the United States and Iran pushed up crude prices and fueled inflation worries. The Korean won rose against the U.S. dollar.
The benchmark Korea Composite Stock Price Index (KOSPI) closed at 6,562.72, down 273.08 points, or 3.99 percent, ending a two-session winning streak.
■ U.S. restaurant chain Chipotle opens 1st Asian outlet in Seoul
SEOUL -- U.S. restaurant chain Chipotle Mexican Grill Inc. opened its first outlet in Asia in Seoul on Wednesday as it seeks to expand into Asian markets.
Chipotle has set up a joint venture, S&C Restaurants Holdings Pte., with an affiliate of South Korean food and beverage company Sangmidang Holdings (SMDH) to operate its outlets in South Korea, the company said in a press release.
Open Questions
- What is the status of the six missing crew members from the Busan tugboat?
- Will the search in Nepal locate the missing South Korean nationals?
