Yonhap News Summary | Yonhap News Agency


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

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■ (LEAD) World Bank chief stresses population growth to sustain future

SEOUL — Populations need to grow in South Korea and elsewhere to ensure a sustainable future, the chief of the World Bank said Thursday, amid a falling fertility rate in the country.

World Bank President Ajay Banga made the remarks during a meeting with reporters in Seoul, as he was in Seoul as part of his visits to the organization’s member countries following his inauguration last June.

https://en.yna.co.kr/view/AEN20240125004251320

Finance Minister Choi Sang-mok (R) shakes hands with President of the World Bank Ajay Banga ahead of their meeting in Seoul on Jan. 25, 2024, in this photo provided by South Korea's finance ministry. (PHOTO NOT FOR SALE) (Yonhap)

Finance Minister Choi Sang-mok (R) shakes hands with President of the World Bank Ajay Banga ahead of their meeting in Seoul on Jan. 25, 2024, in this photo provided by South Korea’s finance ministry. (PHOTO NOT FOR SALE) (Yonhap)

■ (LEAD) LG Electronics’ Q4 operating profit more than quadruples on home appliances, automotive parts

SEOUL, Jan. 25 (Yonhap) — LG Electronics Co. said Thursday its fourth-quarter operating profit more than quadrupled from a year earlier on robust sales of home appliances and automotive parts.

South Korea’s leading electronics company said in a regulatory filing that operating income for the October-December period came to 313.1 billion won (US$234.3 million) on a consolidated basis, sharply up from 69.3 billion won a year ago.

https://en.yna.co.kr/view/AEN20240125006451320

This photo provided by LG Electronics Co. shows the company's showroom for CES 2024 at the Las Vegas Convention Center in Las Vegas on Jan. 9, 2024. (PHOTO NOT FOR SALE) (Yonhap)

This photo provided by LG Electronics Co. shows the company’s showroom for CES 2024 at the Las Vegas Convention Center in Las Vegas on Jan. 9, 2024. (PHOTO NOT FOR SALE) (Yonhap)

■ (2nd LD) Hyundai Q4 net up 29 pct on high-end models, eyes sales growth of 4-5 pct this year

SEOUL — South Korea’s Hyundai Motor Co. on Thursday set a 4 to 5 percent growth target for sales this year, as it posted a 29 percent on-year jump in the fourth quarter on high-end models.

Net profit for the three months ended Dec. 31 rose to 2.2 trillion won (US$1.6 billion) from 1.709 trillion won a year earlier, the company said in a statement.

https://en.yna.co.kr/view/AEN20240125005752320

■ (LEAD) Seoul shares close tad higher on auto gains

SEOUL — Seoul shares ended slightly higher on Thursday, helped by gains in auto stocks as their 2023 earnings fared well on the back of robust demand. The Korean won rose against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 0.03 percent, or 0.65 points, to 2,470.34. Trading volume was moderate at 337.26 million shares worth 7.5 trillion won (US$5.6 billion), with losers outpacing gainers 443 to 424.

https://en.yna.co.kr/view/AEN20240125007851320

■ Yoon taps SNU professor for senior secretary for science, technology

SEOUL — President Yoon Suk Yeol on Thursday named a Seoul National University (SNU) professor as his inaugural senior secretary for science and technology, his office said.

Park Sang-ook, a professor of the Department of Science Studies at SNU, will assume the newly created position, bringing the total number of senior presidential secretaries to six.

https://en.yna.co.kr/view/AEN20240125008300315

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