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Yonhap News Summary

2018/06/04 13:39

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

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No decision yet on whether Moon will travel to Singapore: official

SEOUL -- South Korea is still watching how negotiations between the United States and North Korea are going to determine whether President Moon Jae-in should fly to Singapore to join U.S. President Donald Trump and North Korean leader Kim Jong-un in declaring an end to the Korean War, an official said Monday.

The possibility of Moon traveling to the Southeast Asian nation gained traction after Trump said last week following a meeting with senior North Korean official Kim Yong-chol that his June 12 summit with the North's leader could include formally ending the war.

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U.S., N. Korea hold 5th round of summit prep talks at Panmunjom

SEOUL -- U.S. and North Korean officials held working-level talks at the border truce village of Panmunjom on Monday for the third consecutive day to prepare for their summit slated for next week.

The meeting's apparent purpose was last-stage negotiations over the agenda for the historic summit between U.S. President Donald Trump and North Korean leader Kim Jong-un, slated to take place in Singapore next Tuesday.

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White House official: N. Korea's denuclearization will be 'process'

   WASHINGTON -- A senior White House official acknowledged Sunday that it will take time to dismantle North Korea's nuclear weapons program even if the United States would like to see immediate denuclearization.

Larry Kudlow, director of the National Economic Council, made the remark on Fox News as the two countries prepare for a high-stakes nuclear summit in Singapore June 12.

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S. Korea, U.S. top diplomats hold phone talks over Trump-Kim summit

SEOUL -- The top diplomats of South Korea and the United States held phone talks Monday over the upcoming summit between U.S. President Donald Trump and North Korean leader Kim Jong-un, Seoul's foreign ministry said.

During the 15-minute talks, Foreign Minister Kang Kyung-wha and her U.S. counterpart Mike Pompeo discussed recent developments in preparations for the summit slated to take place next Tuesday in Singapore.

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Top diplomats of S. Korea, Singapore hold talks over Trump-Kim summit

SEOUL -- The top diplomats of South Korea and Singapore had a phone conversation on Monday over preparations for the upcoming summit between U.S. President Donald Trump and North Korean leader Kim Jong-un, Seoul's foreign ministry said.

Foreign Minister Kang Kyung-wha and her Singaporean counterpart Vivian Balakrishnan agreed to work together to ensure the success of the summit slated to take place in the city state on June 12, based on the shared understanding that the meeting will be a crucial opportunity for complete denuclearization and lasting peace on the peninsula.

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Moon to hold summit with Philippine President Duterte

SEOUL -- President Moon Jae-in was set to hold a summit with Philippine President Rodrigo Duterte on Monday to discuss ways to bolster economic and other cooperation between the two countries.

Duterte arrived in Seoul on Sunday for a three-day visit. He is the first head of state from an Association of Southeast Asian Nations (ASEAN) member country to visit South Korea since Moon took office in May last year.

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(LEAD) Court set to decide on arrest of Korean Air chief's wife

SEOUL -- A Seoul court on Monday held a hearing to review the prosecution's request for an arrest warrant for the wife of the chief of Korean Air Lines Co.

Lee Myung-hee, 69, is accused of taking advantage of her status to routinely assault, insult and injure people.

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'Nut rage' Korean Air heiress probed over smuggling, tax-dodging allegations

INCHEON -- A former vice president of Korean Air Lines Co., notorious for her tantrum over nuts that delayed a flight in 2014, appeared at the customs office on Monday to be questioned over smuggling and tax evasion allegations.

Cho Hyun-ah, 44, showed up at the Incheon Main Customs, west of Seoul, at around 10 a.m.

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Foreign investors major players on KOSDAQ market last month: data

SEOUL -- Foreign investors bought the largest amount of shares listed on South Korea's secondary stock market in 14 years last month, the bourse operator said Monday.

Offshore investors picked up a net 534.8 billion won (US$499.34 million) worth of shares on the tech-laden KOSDAQ market in May, while institutions and retailers sold off 180.4 billion won and 171.0 billion won worth of the shares, respectively, according to data by the Korea Exchange (KRX).

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