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Yonhap News Summary

2017/09/27 13:30

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

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(3rd LD) U.S. imposes sanctions on 8 N.K. banks, 26 individuals

WASHINGTON/SEOUL -- The United States on Tuesday imposed sanctions on eight North Korean banks and 26 individuals over the regime's nuclear weapons and ballistic missile programs.

The designations by the Treasury Department are in line with a new executive order signed by President Donald Trump last week.

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S. Korea succeeds in counter-missile system test

SEOUL -- South Korea has successfully tested a counter-missile system for use by military aircraft carrying special forces deep into enemy territory, officials here said Wednesday.

The trial of the indigenous directional infrared countermeasures system (DIRCM) was conducted in July at the Anheung test site of the state-run Agency for Defense Development (ADD).

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(LEAD) President Moon pledges additional support, services for overseas Koreans

SEOUL -- South Korea will begin providing additional support, including consular services, to Korean expatriates to help ensure their safety and also promote their rights and interests in their host nations, the country's president said Wednesday.

In a meeting in Seoul with the leaders of over 200 South Korean communities abroad, President Moon Jae-in said his country will treat its people abroad the same as those at home, noting they have equally helped to found and develop the nation.

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S. Korea, U.S. share goal of N. Korea's peaceful denuclearization: minister

WASHINGTON -- South Korea and the United States share the goal of peacefully denuclearizing North Korea, Seoul's top diplomat said Tuesday of her meetings with senior U.S. officials.

Foreign Minister Kang Kyung-wha arrived in Washington on Sunday after accompanying President Moon Jae-in to the U.N. General Assembly in New York last week.

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NTS collects record penalty taxes in 2016

SEJONG -- South Korea's national tax office collected a record amount of penalty taxes in 2016 in close cooperation with the intelligence unit of the financial regulator, a lawmaker said Wednesday.

Citing data from the National Tax Service (NTS), Rep. Park Myung-jae of the main opposition Liberty Korea Party said the tax service collected 2.5 trillion won (US$2.2 billion) in back taxes on tips from the Financial Intelligence Unit (FIU).

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S. Korea's childbirths fall by double digits in July

SEJONG -- The number of newborn babies in South Korea continued to fall by double digits in July amid rising concerns that the country will likely see record-low numbers in 2017, government data showed Wednesday.

About 29,400 babies were born in the month, down 13.3 percent, or 4,500, from 33,900 tallied a year earlier, according to the data by Statistics Korea.

The July figure marks a slight increase from the previous month's 28,900, the second-lowest monthly childbirths in history. The all-time low was tallied in December last year when 27,400 babies were born in the country.

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FM emphasizes importance of alliance with U.S., asks for full parliamentary support

SEOUL -- South Korea's top diplomat has emphasized the importance of alliance with the United States in dealing with the evolving threat from North Korea's nuclear and missile programs and called for full support from the U.S. parliament, the foreign ministry here said Wednesday.

Foreign Minister Kang Kyung-wha held discussions with bipartisan groups of lawmakers from the Senate and the House of Representatives in back-to-back meetings in Washington on Tuesday, according to the ministry.

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S. Korea steps up bird flu quarantine measures

SEOUL -- South Korea will step up quarantine measures against the bird flu ahead of the long-haul holiday as a suspected case was reported in the country's southern region, the Ministry of Agriculture, Food and Rural Affairs said Wednesday.

The ministry said an H7N7 strain of aviation influenza (AI) was found in wild bird droppings that were collected in Yeongcheon, located 344 kilometers southeast of Seoul, on Sept. 13.

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S. Korea, Kyrgyzstan discuss cooperation on N. Korean nuke issue

SEOUL -- Senior officials from South Korea and Kyrgyzstan have discussed their countries' cooperation to bring North Korea to the negotiating table during their meeting, South Korea's foreign ministry said Wednesday.

The meeting between Vice Foreign Minister Lim Sung-nam and Deputy Foreign Minister of Kyrgyzstan Dinara Kemelova was held in the Central Asian country on Tuesday. Lim visited Kyrgyzstan to mark the 25th anniversary of the countries' diplomatic relationship.

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(Yonhap Feature) Cassette tapes return as demand rises among music nerds, disconnected seniors

SEOUL -- For fans of rock and heavy metal music, a visit to Dope Records, an independent record store run by Kim Yun-jung in Mapo, western Seoul, evokes a strange feeling. The dim-lit basement shop feels as if time has rewound back to the mid-90s -- almost three quarters of the 82-square-meter store is covered wall-to-wall by a huge collection of rock music cassette tapes.

With a backlog of around 15,000 tapes (50,000 when including ones in storage), predominantly Western rock, pop music and also classic Korean albums, the store is undoubtedly a treasure trove for those with fond memories of using a Walkman during the 1980s to the late 1990s, when the medium started to phase out. But in the digital age, Dope Records, at first glance, seemed almost suicidal from a business perspective.

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(LEAD) Football legend, Olympic fencing champ unveiled as torch runners for PyeongChang 2018

SEOUL -- South Korean football legend Cha Bum-kun and reigning Olympic fencing champion Park Sang-young were unveiled as torch runners for the 2018 PyeongChang Winter Olympics on Wednesday.

Coca-Cola, a presenting partner for the torch relay, said Cha and Park will carry the Olympic flame in a group with youths from different walks of life. They have been named "Dream Mentors" for the young people, ranging from aspiring football stars to equestrians and dancers.

(END)

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