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Yonhap News Summary

2017/08/01 13:30

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

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(LEAD) Trump says N. Korea 'will be handled'

   WASHINGTON -- U.S. President Donald Trump said Monday that his administration will "handle" North Korea following its test of a second intercontinental ballistic missile last week.

Trump made the remark at a Cabinet meeting in response to a reporter's question about what he can do about the North.

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(LEAD) U.S. 'ready' to install more THAAD launchers: Pentagon

WASHINGTON -- The United States is ready to deploy the remaining parts of an advanced missile defense system to South Korea, the Pentagon said Monday with tensions rising over North Korea's latest missile test.

The remark by Pentagon spokesman Navy Capt. Jeff Davis comes three days after North Korea test-fired a second intercontinental ballistic missile, marking a significant step forward in its pursuit of a nuclear-tipped ballistic missile capable of hitting the continental U.S.

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S. Korea venture investment in H1 nears 1 tln won

SEOUL -- Venture capitalists continued to pour money into South Korean startup companies in the first half of this year on hopes of lucrative returns, government data showed Tuesday.

The investment in startups was tallied at 992.6 billion won (US$887 million) in the January-June period, up 1.8 percent from a year earlier, according to the data from the Ministry of SMEs and Startups.

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(2nd LD) S. Korea's exports jump 19.5 pct in July

SEJONG -- South Korea's exports continued their rally for nine straight months by rising a sharp 19.5 percent last month on brisk overseas sales of semiconductors, the trade ministry said Tuesday.

Outbound shipments came to US$48.85 billion in July, up from $40.88 billion tallied a year earlier, according to the Ministry of Trade, Industry and Energy.

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Lotte Duty Free withdraws from Jakarta airport

SEOUL -- Lotte Duty Free, South Korea's top duty-free operator, said Tuesday it has pulled out of an airport in the capital city of Indonesia last month, after an unsuccessful bid to extend the contract.

Lotte's duty-free store in Jakarta International Airport closed Monday after its contract expired, the company said. Opened in January 2012, it was the firm's first overseas store. The closure comes at a time when local duty-free stores are struggling to cope with the diplomatic row between Seoul and Beijing that have impacted sales.

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Cabinet OKs temporary removal of import duties on egg products

SEOUL -- South Korea's Cabinet on Tuesday approved a measure to remove import tariffs on egg products in the latest effort to resolve a supply shortage sparked by outbreaks of bird flu here, officials said.

The move will allow local companies to import 28,000 tons of eggs -- 13,000 tons of shell eggs and 600 tons of hatching eggs and 14,400 tons of other products -- without tariffs up until the end of this year.

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S. Korea again urges N.K. to accept dialogue on family reunions

SEOUL -- South Korea on Tuesday renewed its call for North Korea to accept its latest dialogue offer, vowing to continue "multifaceted" efforts to resolve issues of war-torn families and ease border tensions.

The call came as North Korea fired a second intercontinental ballistic missile in less than a month Friday, spurning Seoul's proposals for talks.

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S. Korean shares up on institutional buying

SEOUL -- South Korean shares move up late Tuesday morning, paring earlier losses, helped by a buying-spree by institutions.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 23.94 points, or 1 percent, to 2,462.65 as of 11:20 a.m.

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12 U.S. F-16 fighters due in Korea for rotation

SEOUL -- A dozen F-16 Fighting Falcons of the U.S. Air Force will be deployed temporarily to South Korea in a demonstration of the Pentagon's continued commitment to regional security, the Pacific Air Forces (PACAF) said Tuesday.

The aircraft and around 200 airmen from the 176th Fighter Squadron, Wisconsin Air National Guard are scheduled to arrive at Kunsan Air Base, some 180 kilometers south of Seoul, for a four-month rotation.

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Celltrion's Truxima has 30 pct market share in Britain

SEOUL -- An affiliate of South Korean biopharmaceutical firm Celltrion Inc. said Tuesday that its biosimilar drug Truxima accounts for 30 percent of the Britain market.

Truxima, a reference to Roche's Mabthera, also known as Rituxan, has become a presence in the European country since its launch in April, Celltrion Healthcare said.

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Galaxy S8 series wins environment certificate in U.S.

SEOUL -- Samsung Electronics Co. said Tuesday its Galaxy S8 and Galaxy S8 Plus smartphones won a top-level certificate from an environmental evaluation conducted in the United States.

The South Korean tech giant said the smartphones won the Gold rating from the Electronic Product Environmental Assessment Tool (EPEAT), approved by the Green Electronics Council and Underwriters Laboratories.

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