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Yonhap News Summary

2017/09/04 13:18

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

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(7th LD) Trump threatens to stop trade with countries doing business with N.K.

WASHINGTON -- U.S. President Donald Trump threatened Sunday to cut off all trade with countries doing business with North Korea, an apparent warning to China following Pyongyang's sixth and most powerful nuclear test to date.

Trump tweeted the message ahead of a meeting with his national security team on what the North claimed to be an H-bomb explosion earlier in the day.

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(3rd LD) S. Korea holds ballistic missile drill against N. Korea nuke test

SEOUL -- South Korea's military said Monday it conducted a combined live-fire exercise in response to North Korea's sixth nuclear test a day earlier.

The training aimed at improving the capability of striking the North's Pyunggye-ri nuclear test site involved the Hyunmoo ballistic missile system and F-15K fighter jets.

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(LEAD) Moon, Abe agree to up pressure on N.K. to 'a whole new level'

   SEOUL -- South Korean President Moon Jae-in and Japanese Prime Minister Shinzo Abe agreed Monday to bring the toughest measures possible against North Korea on "an entirely different level" in response to its latest nuclear test deemed the most powerful so far, the presidential office Cheong Wa Dae said.

Moon had a 20-minute telephone conversation with Abe earlier in the day to discuss ways to respond to Pyongyang's latest nuclear test on Sunday, Cheong Wa Dae spokesman Park Soo-hyun told reporters. It is the sixth time Moon spoke with his Japanese counterpart over the phone since he took office in May.

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Environment ministry to conditionally consent to THAAD deployment

SEOUL -- The Ministry of Environment has decided to conditionally consent to the deployment of a U.S. missile defense system, removing the last administrative hurdle to its full operation fiercely opposed by local residents and activists, sources said Monday.

The environment ministry is known to have reached the decision after reviewing the result of the defense ministry's environmental impact survey of the site of the Terminal High Altitude Area Defense (THAAD) in Seongju, North Gyeongsang Province, the sources said.

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Lotte Duty Free eyes pullout from Incheon airport

SEOUL -- Lotte Duty Free, South Korea's top duty-free operator, is considering withdrawing from Incheon International Airport, a company source said Monday, as the local duty-free industry is struggling to cope with the impact of a diplomatic row between Seoul and Beijing over the deployment of a U.S. missile defense system here.

Lotte's possible decision to pull out of the main gateway to South Korea, west of Seoul, is feared to spark a domino effect as other operators demand the airport operator cut rent to help them tide over a tumble in the number of Chinese tourists, their main customers.

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Scandal-hit opposition chief hints at resigning soon

SEOUL -- The leader of the minor opposition Bareun Party on Monday hinted at resigning over an escalating graft scandal, which has threatened to derail its reform efforts and erode public support.

"I hope that you trust the loyalty I hold towards the party, and I will soon make a decision for the party," Lee Hye-hoon said during a general meeting of the party's 20 lawmakers.

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S. Korea's mobile purchases hit record high in July

SEJONG -- Purchases made through mobile devices in South Korea hit a fresh record high in July as smartphones are widening their presence in the world's most wired country, government data showed Monday.

Mobile transactions through smartphones and tablets reached a record 4.01 trillion won (US$3.6 billion) in July, up 35.1 percent from a year earlier, according to data from Statistics Korea.

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(LEAD) Labor unions at KBS, MBC go on massive strike

SEOUL -- A few thousand union members at Korea's two biggest TV networks went on strike simultaneously on Monday to protest alleged management interference in news coverage and unfair labor practices.

Union members associated with the National Union of Media Workers at KBS and MBC, two of the country's biggest terrestrial networks, started a sit-in at midnight Sunday, calling for the removal of the networks' management and the restoration of independent, fair reporting.

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S. Korean stocks down late Monday morning on N.K. threat

SEOUL -- South Korean stocks traded lower late Monday morning apparently as investors sought after safer assets on Pyongyang's sixth nuclear test staged over the weekend.

The benchmark Korea Composite Stock Price Index (KOSPI) shed 16.47 points, or 0.7 percent, to 2,341.22 as of 11:20 a.m.

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