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Yonhap News Summary
The following is the first summary of major stories moved by Yonhap News Agency on Tuesday.

  
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(LEAD) Park denounces disappearance of summit transcript as attempt to 'erase history'

   SEOUL -- President Park Geun-hye voiced strong criticism Tuesday over the mysterious disappearance of a 2007 inter-Korean summit transcript, saying it amounts to an attempt to "shake national discipline and erase history."

   It was the first time that Park has directly commented on the issue, one of the hottest topics that have been dominating South Korean politics for months, along with an allegation that the state intelligence agency attempted to influence December's presidential election.

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(LEAD) Silent N. Korea blames Seoul for Kaesong talks breakdown
SEOUL -- North Korea continued to ignore South Korea's proposal for final talks on the normalization of a suspended joint industrial park on Tuesday, blaming Seoul for the breakdown in stalled negotiations.

   The Ministry of Unification, which handles cross-border affairs, said the communist country did not send any message to the South regarding the dialogue offer when first daily contact was made at 9 a.m. via the communications line that runs through the neutral truce village of Panmunjom.

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Lawmakers pushing to bolster real-name financial transaction law
SEOUL -- South Korean lawmakers are moving to beef up the country's law on real-name financial transactions amid authorities' probe into politicians and businessmen's suspected creation of slush funds and alleged tax evasion, experts said Tuesday.

   South Korea introduced the real-name financial transaction scheme via a presidential order on Aug. 12, 1993, under which it has become illegal to use borrowed names for financial transactions.

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UN body gives food aid to N. Korean flood victims: report
SEOUL -- The United Nations agency in charge of addressing world hunger has begun shipments of food to North Korean flood victims, a news report said Tuesday.

   The World Food Program (WFP) spokeswoman Nanna Skau said corn is being provided to households that have been hit hard by recent flooding caused by torrential rain, Radio Free Asia reported. She added that assistance is being offered because flooding has caused extensive damage to farmlands and irrigation systems.

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Air Force to acquire 4 aerial refueling tankers by 2019
SEOUL -- The South Korean Air Force plans to acquire four aerial refueling tankers between 2017-2019 to extend airborne operations for fighter jets, a government source said Tuesday.

   Airbus Military's MRTTA330 and Boeing's KC-46 are considered as potential candidates for the acquisition, the source said, asking for anonymity as the plan has not been confirmed yet.

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(LEAD) Sales at department stores shrink 2.1 pct in July: preliminary data
SEJONG -- Sales at South Korea's department stores were forecast to have contracted about 2 percent in July, preliminary data showed Tuesday, raising worries that private-sector spending still remains weak.

   According to the data provided by the finance ministry, sales at department stores were estimated to have shrunk 2.1 percent on-year in July, a sharp turnaround from June's 4.1 percent growth.

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Samsung produces industry's first 3D V-NAND flash chip
SEOUL -- Samsung Electronics Co., the world's largest computer memory chipmaker, said Tuesday that it has begun mass producing what it claims is an industry first, three-dimensional Vertical NAND flash memory chip.

   The 3D V-NAND flash memory chip offers a 128-gigabit (Gb) density in a single chip, utilizing Samsung's so-called vertical cell structure based on 3D Charge Trap Flash (CTF) technology and vertical interconnect process technology to link the 3D cell array.

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BOK likely to freeze key rate for 3rd straight month: poll
SEOUL -- South Korea's central bank is almost certain to freeze the key interest rate for the third month in a row for August amid improving signs of the local economy and concerns about China's slowdown, a poll showed Tuesday.

   All 20 analysts predicted that the Bank of Korea (BOK) is expected to leave the benchmark seven-day repo rate unchanged at 2.5 percent on Thursday, according to the survey by Yonhap Infomax, the financial news arm of Yonhap News Agency.

  (END)
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