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Yonhap News Summary

2017/08/08 17:11

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

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S. Korea's FM condemns N.K. provocations, nuclear ambitions

MANILA -- South Korea's top diplomat has strongly condemned North Korea's repeated provocations and urged the reclusive state to give up its nuclear weapons program and "come out to the road toward peace and stability," Seoul's foreign ministry said Tuesday.

Foreign Minister Kang Kyung-wha made the statement at the ASEAN Regional Forum (ARF) in the Philippine capital of Manila on Monday. The ARF was attended by 27 countries, including the 10 ASEAN member states and major regional powers. The North also sent its Foreign Minister Ri Yong-ho to the annual meeting.

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(2nd LD) S. Korea denounces Japan's renewed claim to Dokdo

SEOUL -- South Korea on Tuesday protested Japan's repeated sovereignty claim to the Dokdo islets in the East Sea in its annual defense white paper.

"The government strongly protests Japan's illegitimate territorial claim to Dokdo in its defense white paper and calls for an immediate withdrawal," the Ministry of Foreign Affairs said in a statement.

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Moon taps former prosecutor as new Constitutional Court justice

SEOUL -- President Moon Jae-in on Tuesday nominated a former public prosecutor as a new Constitutional Court justice.

Lee You-jung, 49, has been tapped to become the latest member of the court's nine-member panel.

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New arms procurement chief vows fight against corruption

SEOUL -- The new head of South Korea's sole state arms procurement agency took office Tuesday with a pledge to root out corruption in defense acquisition programs.

Jeon Jei-guk, appointed to lead the Defense Acquisition Program Administration (DAPA), said he will do his best to restore public trust in the organization.

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Moon offers gov't apology to victims of toxic humidifier disinfectants

SEOUL -- President Moon Jae-in on Tuesday offered an official apology on behalf of the government to dozens of victims and families of people who lost their lives due to a once hot-selling product used to disinfect household humidifiers that turned out to be toxic.

"I offer my sincere consolation to parents who had to face long and arduous times without any help or comfort, those who are facing difficult times after losing their health and their suffering families," the president said in a meeting with 15 victims and their families at the presidential office Cheong Wa Dae.

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S. Korea's nuclear policy to focus on 'safety'

   SEOUL -- South Korea is seeking to focus on safety over economic development while pushing for its nuclear policy, the ICT ministry said Tuesday, amid its move to phase out commercial atomic energy generation.

The long-term road map on research and development (R&D) for the nuclear sector was announced by the Ministry of Science and ICT. Details of the plan will be finalized after receiving opinions from frontline experts.

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(LEAD) Punishment to be toughened for financial firms over false disclosure

SEOUL -- South Korea's top financial regulator said Tuesday it will toughen punishment for financial holding firms over false disclosures of accounting books and other business reports.

Under the toughened rule, which will take effect Oct. 19, fines against financial holding firms will be hiked by as much as 12 times if they violate relevant laws, the Financial Services Commission (FSC) said in a statement.

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P2P lending growth slows in July

SEOUL -- South Korea's peer-to-peer lending growth slowed in July after financial regulators asked lenders to tighten guidelines for individual investors, industry data showed Tuesday.

According to data compiled by the Korea P2P Financial Association, lending between peers grew by 104.7 billion won (US$93.1 million) in July to a cumulative 1.2 trillion won.

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Samsung smartphones' presence in Japan expands in Q2

SEOUL -- Samsung Electronics Co. saw its presence in the Japanese smartphone market reach a four-year high in the second quarter, data showed Tuesday, helped by robust sales of the flagship Galaxy S8.

According to the data compiled by industry tracker Strategy Analytics, Samsung Electronics sold 700,000 units of smartphones in Japan over the April-June period, taking up 8.8 percent of the market to become the No. 3 player.

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