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Yonhap News Summary

2017/10/31 13:30

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


(2nd LD) S. Korea, China agree to bring exchange, cooperation back onto 'normal' track

SEOUL -- South Korea and China have agreed to put their bilateral relations back on the right track, apparently normalizing ties that have been soured over the deployment of a U.S. missile defense system in South Korea, the foreign ministry said Tuesday.

They reiterated their long-held stance on issues related to the Terminal High Altitude Area Defense (THAAD) system deployed in South Korea but agreed to continue to discuss ways to resolve the differences going forward.


(2nd LD) S. Korea, China to hold bilateral summit next week

SEOUL -- South Korean President Moon Jae-in and Chinese President Xi Jinping will hold a bilateral summit next week, the first step toward normalizing the countries' relations that have long soured over the deployment of a U.S. missile defense system in South Korea, an official from South Korea's presidential office Cheong Wa Dae said Tuesday.

The Moon-Xi summit, the second of its kind, will be held on the sidelines of the Asia-Pacific Economic Cooperation forum that will be held in Da Nang, Vietnam, next Tuesday through Wednesday, according to Nam Gwan-pyo, a director of the presidential National Security Office.


(2nd LD) Samsung Electronics' net more than doubles on-year in Q3

SEOUL -- Samsung Electronics Co. on Tuesday said its third-quarter net profit more than doubled on-year, mainly led by strong returns from its chip business amid an industrywide boom.

Net profit came to 11.1 trillion won (US$9.87 billion), jumping from 4.53 trillion won posted a year earlier, the company said through a regulatory filing.


Samsung to expand dividend payments to shareholders through 2020

SEOUL -- Samsung Electronics Co. said Tuesday it plans to double dividend payments from 2018 to 2020, in line with steps to give more to shareholders in the wake of its record-breaking earning reports.

The South Korean tech giant said it plans to allocate 9.6 trillion won (US$8.5 billion) as dividends next year and maintain the amount for 2019 and 2020 as well. The combined dividend figure for this year is estimated at 4.8 trillion won, up 20 percent from a year earlier.


Prosecutors detain two ex-presidential secretaries over bribery allegations

SEOUL -- Prosecutors said Tuesday they have detained two former presidential secretaries of ousted leader Park Geun-hye over allegations that they took bribes from state spy agency officials.

The Seoul Central District Prosecutors' Office said it has Ahn Bong-geun and Lee Jae-man in custody on an urgent warrant approved by a court. Ahn served as communications secretary for state affairs and Lee was in charge of general affairs between 2013 and 2016.


Number of outbound travelers hit record high in Jan-September period: data

SEOUL -- The number of South Koreans traveling abroad hit a record high this year amid a growing surge in the number of outbound tourists, industry data showed Tuesday.

The figure was 19.6 million for the first nine months this year, according to the statistics provided by the Korea National Tourism Organization (KNTO).


(LEAD) UNESCO listing of comfort women documents postponed

SEOUL -- UNESCO has delayed its review of multinational civic groups' request to register documents related to Japan's wartime sexual slavery of women on the list of "Memory of the World," the South Korean culture ministry said Tuesday.

In May 2016, 15 civic groups from 8 countries, including South Korea and China, made an official request for the UNESCO listing of documents related to women, mostly Koreans, forced into sexual slavery for Japanese troops during World War II. The victims are euphemistically called "comfort women."



U.S. congressional report identifies 7 military options for N. Korea

WASHINGTON -- A U.S. congressional report has identified seven possible military options the United States could use to handle the threat of North Korea's nuclear weapons program.

In the report sent to lawmakers Friday, the Congressional Research Service offers options ranging from enhanced containment and deterrence to a change of regime in Pyongyang and to a complete withdrawal of U.S. troops from South Korea.


(LEAD) S. Korea's industrial output up for 3rd month in Sept.

SEJONG, Oct. 31 (Yonhap) -- South Korea's industrial output rose slightly for the third consecutive month in September from a month earlier on a rise in major industries, government data showed Tuesday.

Production in the mining, manufacturing, gas and electricity industries climbed 0.1 percent on-month in September, following an adjusted 0.1 percent rise in the previous month, according to the data by Statistics Korea.