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Yonhap News Summary

2017/10/11 13:19

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

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(LEAD) Pentagon says operational plans secure amid report of N.K. hack

WASHINGTON -- The Pentagon said Tuesday it is aware of reports that North Korea stole wartime operational plans of the United States and South Korea but assured the information is secure.

A South Korean ruling party lawmaker claimed North Korean hackers stole a large amount of classified military documents last year, including the allies' operational plan to "decapitate" the North Korean leadership.

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(3rd LD) Two B-1B bombers hold nighttime drill against N. Korea

SEOUL -- Two B-1B strategic bombers of the U.S. Air Force trained with South Korea's fighter jets over the Korean Peninsula earlier this week in yet another show of force against North Korea, the allies said Wednesday.

The bombers from Guam entered the Korean Air Defense Identification Zone (KADIZ) at around 8:50 p.m. Tuesday, according to the South's Joint Chiefs of Staff (JCS).

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Ex-KAI chief faces trial over corruption, fraud charges

SEOUL -- Ha Seong-yong, former CEO of Korea Aerospace Industries Co. (KAI), will face trial over corruption and fraud allegedly amounting to some 500 billion won (US$440.5 million), prosecutors said Wednesday.

The Seoul Central District Prosecutors' Office was set to indict Ha later in the day over a dozen different charges, including violation of accounting rules, breach of duty and bribery, according to the office. He was arrested late last month.

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Agro-food exports to China rebound in September

SEOUL -- South Korea's food and agricultural exports to China rebounded for the first time in six months in September, thanks to strong sales of gingseng, ramyeon and beer, the government said Wednesday.

Outbound shipments of food and agricultural products to China was estimated at $108 million in September, up 1.1 percent from a year earlier, according to the data compiled by the Ministry of Agriculture, Food and Rural Affairs. Sea food products, such as dried laver, were not included on the list.

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Ex-fishermen found innocent in retrial, 49 years after abduction to N. Korea

JEONJU -- A South Korean court has acquitted an elderly former fisherman of charges of violating the now-defunct anticommunist law, 49 years after he was abducted to North Korea while fishing near the western sea border.

The Jeonju District Court ruled in a retrial of the 71-year-old man, Park Choon-hwan, that he was convicted based on proof extorted through torture and illegal detention. Park's now-deceased colleagues, who had been convicted of the same charges, were also found innocent.

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Goldman Sachs invests US$30 mln in S. Korean food firm

SEOUL -- Global investment giant Goldman Sachs has invested US$30 million in a local bakery ingredients maker amid the rapid expansion of the country's dessert market, the Korean firm said Wednesday.

Sun-in Co. said the investment will be spent to improve its manufacturing and distribution facilities, as well as to develop technology to optimize ordering and delivery experiences for clients.

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Foreigners holding high-value stocks, mostly in portfolio investments: data

SEOUL -- Foreigners hold about 12 percent of South Korean stocks, valued at 34 percent of the market cap, an indication that they own high-priced portfolios, data showed Wednesday.

According to the Financial Supervisory Service (FSS), offshore investors held 9.158 billion stocks in the main and secondary markets as of the end of August, equal to 12.3 percent of the total. Their holdings break down as 7.129 billion stocks, or 17 percent, in the main market KOSPI and 2.029 billion stocks, or 6.3 percent, in the tech-concentrated secondary market KOSDAQ.

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(Yonhap Interview) Korean-American golfer Danielle Kang eager to win LPGA event in 'motherland'

   INCHEON -- LPGA golfer Danielle Kang may have been born in San Francisco, but her love for South Korea, the birthplace of her parents that she readily calls "motherland," runs deep and wide -- so much so that she'd like nothing more than to win the LPGA KEB Hana Bank Championship this week in Incheon, just west of Seoul.

For the 24-year-old, a win here would be just as big as her first major title, the KPMG Women's PGA Championship from July this year.

(END)

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