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Yonhap News Summary

2017/07/10 13:30

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

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President Moon returns home after G-20 summit

SEOUL -- President Moon Jae-in returned home Monday after a five-day trip to Germany that largely sought to win international support for his efforts to bring North Korea back to the dialogue table and rid the communist state of its nuclear ambitions.

The main purpose of his trip to the European nation was to take part in the Group of 20 summit held Friday and Saturday, but his main objective clearly was to rally international support for fresh sanctions against the North for its latest missile provocation.

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S. Korea mulling over resuming aid supply to N.K. via int'l organs

SEOUL -- South Korea is considering resuming its humanitarian assistance to North Korea via international organizations as Seoul seeks to spur civilian inter-Korean exchanges, a government official said Monday.

South Korea has suspended its aid to the vulnerable in North Korea through U.N. agencies since the North's nuclear and missile tests in 2016.

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Nearly 50 countries, global organizations condemn N.K.'s latest missile provocation

SEOUL -- Nearly 50 countries and global organizations have publicly condemned or objected to North Korea's latest missile provocation, pointing to globally shared concerns over Pyongyang's persistent advancement of its nuclear and missile programs, the foreign ministry said Monday.

On Tuesday, the North claimed that it successfully test-fired an intercontinental ballistic missile in defiance of multiple United Nations Security Council resolutions.

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Advisory panel to report 100 policy tasks to Moon this week

SEOUL -- President Moon Jae-in's policy advisory panel will report to him its 100 selected government priority tasks this week, which will include job creation, tax reform and work-family balance, its chief said Monday.

Kim Jin-pyo, the head of the State Affairs Planning Advisory Committee, said that the briefing will be given to the president Thursday, noting that it has compressed Moon's 201 election campaign pledges into 100 tasks.

The tasks are set to be unveiled to the public next Wednesday, a source at the panel said, declining to be named.

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Foreign investors boost S. Korean stock holdings for 7th month

SEOUL -- Offshore investors continued to pour money into South Korean stock markets last month, remaining net buyers of local stocks for a seventh consecutive month, official data showed Monday.

Foreign investors boosted their holdings of local stocks by a net 1.75 trillion won (US$1.51 billion) in June to 597.7 trillion won, according to the data by the Financial Supervisory Service.

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FTC chairman vows to strengthen enforcement of fair trade law

SEOUL -- The head of South Korea's antitrust watchdog said Monday that he will strengthen the enforcement of fair trade laws by expanding civil actions against rule-breaking companies.

"I will introduce a system that will allow multiple economic players to enforce trade rules at the same time," Fair Trade Commission (FTC) Chairman Kim Sang-jo said in a conference held in Seoul. "I will make efforts to get trade law violations be resolved through civil suits."

  

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Moon's rating rises amid stern response to N.K. missile launch, brisk diplomacy

SEOUL -- President Moon Jae-in's approval rating edged up again last week due in part to his stern response to North Korea's missile launch and brisk diplomacy to rein in the provocative state, a survey indicated Monday.

In the Realmeter survey conducted from Monday to Friday, Moon's rating was tallied at 76.6 percent, up 1.3 percentage points from a week earlier.

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SK hynix launches foundry affiliate

SEOUL -- Major chipmaker SK hynix Inc. said Monday it officially launched a new affiliate, which will focus on the company's foundry business and tap deeper into the system chip industry.

SK hynix System IC Inc., wholly owned by SK hynix, will focus on the foundry business, which refers to making chip designs for other companies that do not have a semiconductor fabrication plant.

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