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Yonhap News Summary

2017/09/08 13:01

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

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(2nd LD) N. Korea's H-bomb claim appears true: senior U.S. official

WASHINGTON -- The United States has tentatively concluded that North Korea detonated an H-bomb over the weekend, as the regime has claimed, a senior U.S. administration official said Thursday.

The remark underscores the gravity of the threat posed by North Korea's nuclear and ballistic missile programs, as an H-bomb is far more destructive than the atomic weapons the regime has tested in the past.

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(LEAD) Trump warns of 'very sad day' for N. Korea

WASHINGTON -- U.S. President Donald Trump warned Thursday that it would be a "very sad day" for North Korea if he responded to its provocations with military action.

Trump made the remark as tensions have soared over North Korea's sixth and most powerful nuclear test over the weekend.

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Ruling party leader puts brakes on opposition calls for nuclear options

SEOUL -- The leader of the ruling Democratic Party weighed in Friday to dampen mounting opposition calls for South Korea's nuclear armament, warning it would only "do more harm than good."

   After North Korea conducted an intercontinental ballistic missile test in July and its sixth nuclear experiment Sunday, conservative parties demanded that Seoul seek the redeployment of U.S. tactical nukes or shared control of them with Washington.

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(LEAD) Weak facility investment limits S. Korea's recovery pace despite brisk exports

SEJONG -- The South Korean economy's recovery is still weak, as a drop in corporate investment overshadows strong overseas shipments, a government report said Friday.

"Thanks to brisk exports, production in all industries made a turnaround for the first time in four months, but reduced facility investment has slowed the pace of growth," the finance ministry said in its monthly economy assessment report called the "Green Book."

  

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S. Korea central bank ready to cushion impact from U.S. fiscal tightening: official

SEOUL -- South Korea's central bank is prepared to cushion the impact on the domestic financial market from the U.S. Fed's gradual fiscal tightening, a Bank of Korea (BOK) official said Friday.

BOK Deputy Governor Jeon Seung-cheol said at an international conference in Seoul that the BOK is fully ready to respond to the monetary tightening with a variety of policy measures, calling another looming "taper tantrum" a major issue that requires attention.

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Ruling party, gov't agree to strengthen measures against SME tech extortion

SEOUL -- The ruling party and anti-trust watchdog agreed Friday to toughen measures to protect local small enterprises from larger companies' technology extortion, amid the government drive to stamp out unfair business practices.

During their policy consultation, the Democratic Party and Fair Trade Commission (FTC) decided to fix compensation for technology theft at three times the damages incurred. Currently, an aggrieved firm can demand compensation "up to" three times the damages.

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S. Korea defends firms against U.S. safeguard action on washing machines

SEOUL -- South Korean officials defended the country's makers of washing machines against the U.S. safeguard action during a hearing in Washington, the foreign ministry said Friday.

In June, the U.S. government started a safeguard investigation into foreign washers, mostly from South Korean companies, at the request of Whirlpool Corp. A safeguard action is taken to protect the domestic industry from a sudden jump in imports causing or threatening damage on domestic production.

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(News Focus) U.S. seeks toughest sanctions on N.K. as China's cooperation still uncertain

SEOUL -- The United States is reportedly pushing for the toughest ever sanctions against North Korea in the wake of its latest nuclear test, which experts say could have a crippling effect on the Kim Jong-un regime as it tries to advance its nuclear and missile capabilities.

It is still unclear how much cooperation Washington could draw from China and Russia -- veto-wielding permanent members of the United Nations Security Council (UNSC) -- in eventually passing its draft resolution currently under discussion in the wake of the North's sixth and most powerful nuclear test Sunday.

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