important headlines_Nov 16

- Government’s plan to ease equity investment cap on Chaebols has been decided. The government, however, failed to reach an agreement with the ruling party due to the party’s demand for softer regulation on Chaebol.

- South Korea, the US, and Japan reached an agreement to resume the stalled six party talks possibly before December 15 and let China take care of detailed schedule.

- In the run up to the ‘Kimchi Season,’ the prices of cabbage and radish continue to nosedive. The price is 30-40 per cent lower than last year.

- Seoul District Court accepted prosecutors’ third attempt for seeking arrest request for Ellis Short and Michael Thompson. Accordingly the prosecution is expected to forge ahead with extradition proceeding.

- Government’s stance on UN vote for North Korea human rights resolution is likely to be known today. It is expected that Seoul will approve the vote, marking a turnaround from its previous stance. A high ranking government official said the government would announce its stance this afternoon.

- According to a poll, 41.3 per cent of respondents say they oppose to the appointment of Chon Hyo-suk as chief of constitutional court and 30.6 per cent agreed.

- Navigation system of Toyota’s luxurious car Lexus doesn’t have Dokdo on its map service. The system is made-in-Japan.

- North Korea’s weekly ‘Tongil-shinbo’ introduced South Korea film ‘Monster’ by saying the movie portrays how ugly US soldiers’ behaviors are in Korea..

- 'On my news’ found out that rankings of Seoul National University and Korean university on World University Rankings reported by The Times on October 6 were exaggerated, based on bloated date submitted by both universities.

- The SERI report revealed that the total domestic spending on English education amounted W15 trillion last year, 1.9 per cent of the country’s GDP of W806 trillion and 47.5 per cent of national education budget of W30 trillion.