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Yonhap News Summary

2017/07/31 13:30

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


(2nd LD) Moon, Trump to hold telephone talks over N. Korea: official

SEOUL -- South Korean President Moon Jae-in and his U.S. counterpart Donald Trump will hold telephone discussions over ways to deal with North Korea's provocations, an official from Seoul's presidential office Cheong Wa Dae said Monday.

"(President Moon) and President Trump are soon expected to hold telephone talks. The sides are now working to arrange the conversation," the official told reporters, while speaking on condition of anonymity.


S. Korea enters discussion with U.S. for deployment of additional THAAD launchers

SEOUL -- South Korea has begun consultations with the United States for resuming the deployment of a Terminal High Altitude Area Defense (THAAD) system, the defense ministry said Monday.

"As for the deployment of six (THAAD) launchers, South Korea and the U.S. will make a decision after consultations," Moon Sang-gyun, spokesman at the Ministry of National Defense, said in a press briefing. "Such discussion is currently going on, but further consultations are needed for the specific issues of when and how," he said.


Trump, Abe affirm tougher sanctions over N. Korea's missile launch

TOKYO -- United States President Donald Trump and Japanese Prime Minister Shinzo Abe affirmed a tough response to North Korea's recent launch of an intercontinental ballistic missile during their phone conversation on Monday.

Earlier in the morning, the two leaders reportedly shared their conclusion that the two countries should cooperate with South Korea and the international community for strengthened sanctions and pressure in order to prevent North Korea's further provocations.


(LEAD) U.S. envoy ramps up pressure on China to stop N.K. provocations

WASHINGTON -- The U.S. ambassador to the United Nations ramped up pressure on China on Sunday, saying "the time for talk is over" to address North Korea's missile and nuclear programs.

Amb. Nikki Haley expressed her frustration with China earlier in the day as well, tweeting, "Done talking about NKorea. China is aware they must act."



BOK to keep monetary easing policy to support growth

SEOUL, July 31 (Yonhap) -- South Korea's central bank on Monday renewed its stance to maintain the current monetary easing policy to support growth for Asia's fourth-largest economy.

The Bank of Korea (BOK) said in a report submitted to the National Assembly that it will maintain its stance of monetary policy accommodation, noting the inflationary pressures on the demand side are not expected to be high, though the solid trend of domestic economic growth could affect prices.


NK missile launch has little impact on S. Korean financial market

SEJONG -- South Korea said Monday that the latest North Korean missile launch had little impact on its financial market, but it will take swift and firm action against any unexpected developments.

Pyongyang fired the Hwasong-14 shortly before midnight last Friday, following its first successful intercontinental ballistic missile launch on July 4. Defense experts said the latest provocation that drew swift condemnation from the international community demonstrated some technical progress compared to previous test launches.


S. Korea launches anti-dumping probe on Chinese steel product

SEJONG -- South Korea's trade commission said Monday that it has decided to launch an official investigation into the alleged dumping of a steel product imported from China that has been cited for disrupting fair competition.

The decision follows a formal complaint from four South Korean manufacturers, according to the Korea Trade Commission (KTC).


S. Korea's exports to FTA partners jump 17.9 pct in H1

SEJONG -- South Korea's exports to trade partners with which it has free trade agreements (FTAs) jumped nearly 18 percent in the first six months of the year on solid overseas demand, customs data showed Monday.

Exports to 52 countries that have open trade pacts with South Korea reached US$202.5 billion in the January-June period, up 17.9 percent from $171.6 billion tallied a year ago, according to the data released by the Korea Customs Service.


(LEAD) S. Korean Lee Mi-hyang rallies for 2nd LPGA win in Scotland

SEOUL -- South Korean Lee Mi-hyang has rallied for her second career LPGA Tour win in Scotland.

Lee poured in seven birdies in the final round to capture the Aberdeen Asset Management Ladies Scottish Open on Sunday (local time). Six shots off the lead through three rounds, Lee carded a six-under 66 on the last day for the four-round total of six-under 282, beating fellow South Korean Hur Mi-jung and Australian Karrie Webb by a stroke at Dundonald Links in North Ayrshire, Scotland.