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Yonhap News Summary

2017/11/06 13:30

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


(LEAD) S. Korea blacklists 18 N.K. banking officials in unilateral sanctions

SEOUL -- South Korea said Monday that it has put 18 North Korean individuals on its blacklist as part of its latest unilateral sanctions aimed at squeezing the flow of money to Pyongyang's nuclear and missile development programs.

The people on the new list include heads and ranking officials of five North Korean banks stationed in overseas countries such as China, Russia and Libya. The list was posted on the Seoul government's official gazette.


Trump due in Seoul for summit with Moon

SEOUL -- U.S. President Donald Trump will arrive here this week on a state visit that will include a bilateral summit with his South Korean counterpart Moon Jae-in on a wide range of issues that will likely include ways to end North Korea's nuclear ambitions, South Korean officials said Monday.

The U.S. leader is set to arrive here Tuesday following his three-day trip to Japan, according to the officials from the presidential office Cheong Wa Dae.


Pentagon: N. Korea's nuclear program can only be destroyed by ground invasion

WASHINGTON -- The Pentagon assesses that the only way to destroy North Korea's nuclear weapons program with certainty is through a ground invasion, according to a letter to U.S. lawmakers.

Michael Dumont, vice director of the Joint Chiefs of Staff, was responding to a request from Reps. Ted Lieu (D-CA) and Ruben Gallego (D-AZ) to provide assessments of the expected casualties and possible military operations in the event of a conflict with North Korea.


(LEAD) Ex-MBC chief quizzed over alleged role in past government's scheme to control TV network

SEOUL -- Prosecutors questioned a former chief of MBC on Monday on suspicions that he helped a previous conservative administration to seize control of the public broadcaster by weeding out staff and entertainers critical of the government.

Kim Jae-chul, who headed MBC from 2010-2013, appeared at the Seoul Central District Prosecutors' Office at around 9:40 a.m.


FTC slaps combined 37.1 bln won fine on three auto parts suppliers for bid rigging

SEJONG -- South Korea's antitrust watchdog said Monday that it has levied a combined 37.1 billion won (US$33.2 million) in fines on three foreign auto parts firms for allegedly rigging bids.

Denso Korea Automotive Corp., an auto parts supplying unit of Japan's Toyota Motor Corp., and Hyundam Industrial Co. owned by Japan's Aisan Industry Co. had been accused of colluding to participate in bids for engine fuel pumps arranged by South Korean carmakers from August 2007 to February 2009, according to the Fair Trade Commission (FTC).


Smoking rate in S. Korea rebounds in 2016 despite price hike

SEOUL -- The smoking rate in South Korea rebounded last year, data showed Monday, despite the government's effort to lower the rate with a hike in cigarette prices starting 2015.

According to the data compiled by the Ministry of Health and Welfare, 23.9 percent of South Koreans aged 19 and above smoked in 2016, up 1.3 percentage points from 22.6 percent posted a year earlier. The figure came to 40.7 percent for males and 6.4 percent for females.


Imported car sales dip 18 pct in Oct. on shorter work days

SEOUL -- Sales of imported vehicles in South Korea plunged 18 percent in October due to shortened work days, industry data showed Monday.

The Chuseok holidays, the Korean version of Thanksgiving, fell early last month.

The number of newly registered foreign vehicles in the country fell to 16,833 in October from 20,612 a year earlier, according to the data compiled by the Korea Automobile Importers and Distributors Association (KAIDA).


(LEAD) SK Telecom Q3 net doubles on equity ties with chipmaking affiliate

SEOUL -- SK Telecom Co., South Korea's top mobile carrier, said Monday its third-quarter net profit more than doubled from a year earlier, helped by gains from equity ties with chipmaker SK hynix Inc.

Net income reached 793 billion won (US$710 million) in the July-September period, compared with a profit of 322 billion won for the same period the previous year, the company said in a regulatory filing.


Hyundai launches upgraded Grandeur lineup

SEOUL -- Hyundai Motor Co., South Korea's biggest carmaker by sales, has launched an upgraded lineup of the Grandeur sedan to help boost sales, the company said Monday.

The Korean carmaker has added a set of premium features, currently available in the luxury Genesis sedan, such as a lane-keeping system, an automatic speed control system and an engine stop-and-start system, to the latest Grandeur model, Hyundai Motor said in a statement.


(LEAD) 'Thor: Ragnarok' wins box office for second consecutive weekend

SEOUL -- "Thor: Ragnarok" won the box office this weekend for the second consecutive week following a strong opening in South Korea, data showed Monday.

According to the real-time based box office tally from the Korean Film Council (KOFIC), the Disney-Marvel superhero film sold 833,948 tickets over the Nov. 3-5 weekend to bring its domestic total to 3.57 million after 12 days in theaters. It stars such Hollywood A-listers as Chris Hemsworth, Tom Hiddleston, Cate Blanchett and Idris Elba.