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Yonhap News Summary

2017/09/05 17:01

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

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(2nd LD) S. Korea seeks 'powerful' punitive measures over N.K. nuke test

SEOUL -- South Korea is pursuing "powerful" punitive measures, including a new United Nations Security Council resolution, in response to Pyongyang's recent nuclear test, the foreign ministry here said Tuesday.

The Seoul government is also seeking to strengthen coordination with the United States in the "peaceful pressure" campaign while encouraging China and Russia to play more constructive roles in resolving the nuclear stalemate, the ministry said in a report to lawmakers.

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Seoul considering 'various options' over KORUS FTA: minister

SEOUL -- South Korea is looking into various possibilities with regard to the free trade agreement (FTA) with the United States, Seoul's trade minister said Tuesday in response to rising pressure from Washington to amend, or even scrap the five-year-old deal.

Paik Un-gyu, Minister of Trade, Industry and Energy, made the remark days after U.S. President Donald Trump said he would meet with his advisers this week to weigh up a possible withdrawal from the open trade pact with Asia's fourth-largest economy.

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S. Korea further strengthens housing market regulations

SEJONG -- The government announced a fresh set of regulations Tuesday to cool down the overheated housing market, a month after adopting strong measures for Seoul and other cities.

On Aug. 2, the Ministry of Land, Infrastructure and Transport designated 25 regions in Seoul and two other cities as "overheated speculative districts" to tighten mortgage rules and restrict transactions of new homes. This action is seen to have curbed price hikes over the past month.

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Moon taps parliamentary secretary-general as new ambassador to Russia

SEOUL -- South Korean President Moon Jae-in on Tuesday tapped the chief of the parliamentary secretariat as his new top envoy to Russia, the presidential office Cheong Wa Dae said.

Woo Yoon-keun, secretary-general of the National Assembly, has been tapped as South Korea's new ambassador to Russia.

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Prosecutors seek arrest warrants for two ex-spy agency officials

SEOUL -- Prosecutors on Tuesday requested court warrants to arrest two retired officials of the National Intelligence Service (NIS) as part of a probe into the spy agency's interference in the 2012 presidential election.

The Seoul Central District Prosecutors Office said they are seeking to arrest them on charges of violating the election law.

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(LEAD) Creditors reject demand by China's Doublestar to cut price of Kumho Tire

SEOUL -- Creditors of Kumho Tire Co. said Tuesday they decided to reject a demand by China's Qingdao Doublestar to cut its bid price for a controlling stake in the South Korean tiremaker.

If Doublestar expresses its willingness to renegotiate with creditors about the price, both sides can resume talks. If not, the contract to sell Kumho Tire to Doublestar will be canceled.

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(LEAD) Opposition ups pressure on gov't to seek redeployment of U.S. tactical nukes

SEOUL -- The main opposition Liberty Korea Party (LKP) on Tuesday turned up pressure on the government to seek the redeployment of U.S. tactical nuclear arms to counter escalating North Korean nuclear threats.

During a general meeting with party lawmakers, LKP chief Hong Joon-pyo stressed that the conservative party has adopted the redeployment as its official line, which will also test the U.S.' "will" to employ its nuclear umbrella in defense of its Asian ally.

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(LEAD) Famed S. Korean novelist found dead in apparent suicide

SEOUL -- A famed South Korean novelist was found dead in his residence in central Seoul on Tuesday in what appears to be a suicide, police said.

Ma Kwang-soo, a former professor of Korean literature at Yonsei University, was discovered by his family in his apartment in Yongsan at around 1:50 p.m., the police said. He was 66.

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