News Column

Kyodo news summary -4-

February 26, 2014

TOKYO, Feb. 27 -- (Kyodo) _ ---------- Tokyo stocks fall for 2nd day

TOKYO - Tokyo stocks fell for a second day Thursday as market players cashed in on recent gains ahead of U.S. Federal Reserve chief Janet Yellen's congressional testimony later in the day.

The 225-issue Nikkei Stock Average ended down 47.86 points, or 0.32 percent, from Wednesday at 14,923.11. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 8.00 points, or 0.65 percent, lower at 1,217.35.

---------- S. Korean detained in N. Korea apologizes for "anti-state" acts

PYONGYANG/BEIJING - North Korea on Thursday presented before foreign media a South Korean man who has been detained since late last year on espionage charges and he apologized for having committed activities aimed at toppling the regime of Kim Jong Un on the orders of Seoul.

The man going by the name Kim Jeong Uk said he worked for a number of years as a missionary on the Chinese side of the Sino-North Korean border, running a church there and trying to attract North Korean citizens to join its congregation.

---------- 30% of S. Korean sex slaves received atonement money from Japan fund

TOKYO - About 30 percent of former South Korean wartime sex slaves have received atonement money from a private Japanese fund, the fund's former executive director said Thursday, revealing for the first time the exact number of beneficiaries.

Haruki Wada, professor emeritus of the University of Tokyo, told Kyodo News the fund's atonement money was given to 60 out of the 207 people officially recognized by the South Korean government in 2002 as having been so-called "comfort women."

---------- Tesla, Panasonic to set up lithium-ion battery plant in U.S.

NEW YORK - Tesla Motors Inc. said Wednesday it will set up a new plant in the United States with Panasonic Corp. to produce lithium-ion batteries for electric vehicles.

A total of $4 billion to $5 billion will be invested in the plant, which is expected to go into operation in 2017 and produce batteries for 500,000 EVs after 2020.

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Source: Japan Economic Newswire

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