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Yonhap News Summary

2017/11/13 13:15

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

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(LEAD) S. Korean president to meet Chinese premier over bilateral ties

MANILA -- South Korean President Moon Jae-in is set to meet Chinese Premier Li Keqiang on Monday for bilateral talks that are widely expected to focus on ways to improve the countries' ties.

The Moon-Li meeting is set to start at 5:30 p.m. in Manila, where they have both been taking part in a regional forum organized by the Association of Southeast Asian Nations (ASEAN).

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U.S. envoy on N. Korean nukes to visit S. Korea this week

SEOUL -- The United States' top envoy on North Korean nuclear issues is set to visit South Korea this week and hold consultations with his South Korean counterpart, according to sources on Monday.

Joseph Yun, special representative for North Korea policy, will arrive in Seoul on Tuesday to attend events by the U.S. Embassy in Seoul, the diplomatic sources said.

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Military to conduct first live-fire exercise with Hellfire missiles

SEOUL -- The military will carry out its first exercise involving the firing of Hellfire air-to-surface missiles into the sea Monday in a bid to beef up its capability to fight in the air, the Army said.

Eight Apache (AH-64E) attack helicopters belonging to the Army's Aviation Operations Command will be mobilized to fire one Hellfire missile each at a shooting range in the waters off the western coastal city of Gunsan later in the morning, according to the Army.

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Ex-spy chief grilled over agency's alleged illegal payments to Park aides

SEOUL -- A former chief of the National Intelligence Service (NIS) was questioned by prosecutors on Monday over allegations that the agency paid billions of won of its off-book funds to two aides of then-President Park Geun-hye during his term.

Lee Byung-kee appeared at the Seoul Central District Prosecutors' Office around 9:30 a.m. He told reporters, "I owe an apology for having caused concern and disappointment in the public over the agency's fund suspected of being channeled into Cheong Wa Dae."

  

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(2nd LD) Bareun Party picks former presidential candidate as new leader

SEOUL -- The minor opposition Bareun Party picked its former presidential candidate, Rep. Yoo Seong-min, as its new leader on Monday in an election overshadowed by internal division, mass defections and its reduced presence in parliament.

The economist-turned-lawmaker secured 56.6 percent of the vote, beating five other contenders, including Reps. Ha Tae-kyeung, Jeong Woon-chun and Park In-sook. His election was based on the combined results of a vote by party delegates and a public opinion survey.

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S. Korea raises concerns over China's cyber security measures in WTO meeting

SEOUL -- South Korea has raised issues with China's strict cyber security regulations at a recent meeting of the World Trade Organization (WTO), citing concerns of potential trade secret infringement, a trade agency said Monday.

The Korean Agency for Technology and Standards (KATS) said it has discussed 33 technical issues with representatives of 16 nations in the WTO's technical barriers to trade (TBT) committee meeting held from Nov. 7-9 in Geneva.

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S. Korea to give tax break to KOSDAQ-listed firms

SEOUL -- South Korea will extend a tax break to companies listed on the KOSDAQ stock market and revamp listing rules to help small and medium-sized firms raise funds through the junior market, the country's financial regulator said Monday.

Details of the tax incentive, including how much tax will be deducted, will be decided by the end of this year, the Financial Services Commission (FSC) said in a statement.

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N.K. military preparing for winter training: S. Korea

SEOUL -- South Korea's military is keeping its full combat readiness against North Korea's possible provocations as the North's soldiers are preparing for their monthslong winter training, the South's military said Monday.

Signs have been detected that North Korea's military is preparing for winter drills that will begin in December, according to the Joint Chiefs of Staff. Usually, the North's winter training runs until April

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S. Korean's reign at top of women's golf rankings ends after 1 week

SEOUL -- Park Sung-hyun's reign at the top of women's golf has ended after just one week.

Park fell a spot to No. 2 in the latest women's world rankings announced Monday, as Feng Shanshan of China jumped from third to first on the strength of back-to-back LPGA victories.

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