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Yonhap News Summary

2018/09/11 13:30

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

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(2nd LD) Trump received letter from Kim calling for 2nd summit: White House

WASHINGTON -- U.S. President Donald Trump has received a letter from North Korean leader Kim Jong-un calling for a second meeting between the two, and planning is already under way, the White House said Monday.

Trump said last week that he is expecting a letter from Kim amid stalled negotiations to dismantle the regime's nuclear weapons program.

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N.K. leader offered denuclearization in 2 years: Bolton

WASHINGTON -- North Korean leader Kim Jong-un offered to dismantle his nuclear weapons program within two years when he met with South Korean President Moon Jae-in last spring, a top U.S. administration official said Monday.

According to U.S. National Security Adviser John Bolton, Kim made the proposal during his first meeting with the South Korean leader in April. He then backed down and accepted Moon's counterproposal to denuclearize within a year.

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Moon stresses need for 2nd U.S.-N. Korea summit

SEOUL -- South Korean President Moon Jae-in stressed the need for a second U.S.-North Korea summit Tuesday, hours after the White House said North Korean leader Kim Jong-un has proposed such a meeting in a letter to U.S. President Donald Trump.

"Complete denuclearization of the Korean Peninsula is basically an issue that must be resolved through negotiations between the North and the United States," Moon said in a weekly cabinet meeting held at his office Cheong Wa Dae.

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(2nd LD) Biegun: Let's seize chance to achieve denuclearization

SEOUL -- The new U.S. special envoy on North Korea said Tuesday it's important to maintain the momentum of dialogue with North Korea despite some difficulties.

"We have some hard work to do," Stephen Biegun said at the outset of talks with South Korea's top nuclear envoy Lee Do-hoon in Seoul.

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Koreas to hold working-level military talks Thursday

SEOUL -- The two Koreas will hold working-level military talks this week to discuss measures to reduce tensions on the border, Seoul's defense ministry said Tuesday.

The colonels' talks scheduled for Thursday will follow up on a tentative agreement reached at a July 31 general-level meeting on issues that include the proposed joint excavation of war remains in the Demilitarized Zone (DMZ), withdrawal of guard posts from the DMZ on a trial basis and disarmament of the Joint Security Area, a ministry official said.

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PM meets with Abe, pledges close cooperation with Japan on N.K. issue

VLADIVOSTOK, Russia -- Prime Minister Lee Nak-yon told Japanese Prime Minister Shinzo Abe on Tuesday that South Korea will try to realize peace and denuclearization of the Korean Peninsula in close cooperation with the United States and Japan.

"The South Korean government has never forgotten even for a moment that cooperation from the international community, including the U.S. and Japan, is essential in realizing Korean Peninsula's denuclearization and peace," Lee said during a meeting with Abe on the sidelines of the Eastern Economic Forum in Russia's Far East city of Vladivostok.

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Court arraigns Samsung Electronics board chairman to decide on arrest warrant

SEOUL -- The Seoul Central District Court arraigned the chairman of Samsung Electronics Co.'s board of directors on Tuesday to determine whether to issue an arrest warrant for him on charges of hampering labor union activities at its after-sales services unit.

Prosecutors sought the arrest warrant for Lee Sang-hoon last Friday on charges of violating labor and trade union laws.

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S. Korea's exports rise 14 pct in first 10 days of Sept.

SEJONG -- South Korea's exports spiked 14 percent on-year during the first 10 days of September due largely to a rise in shipments of chips, petrochemical goods and auto parts, customs data showed Tuesday.

The country's outbound shipments reached US$14 billion in the September 1-10 period, according to the data from the Korea Customs Service.

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Growth of ICT investment hits 18-month low in Q2

SEOUL -- Facility investments by South Korean information and communications technology (ICT) companies grew at the slowest pace in 1 1/2 years in the second quarter amid chipmakers' weak spending, central bank data showed Tuesday.

ICT firms' investment in new plants and equipment expanded 6.4 percent on-year in the April-June period, the weakest clip since the 1 percent annualized gain for the fourth quarter of 2016, according to the data from the Bank of Korea.

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Credit card loans jump 17 pct in H1

SEOUL -- South Korean credit card firms saw their card loans soar nearly 17 percent on-year in the first half of the year as tougher bank loan screenings forced borrowers to resort to them, industry data showed Tuesday,

The country's seven stand-alone card firms -- Shinhan, KB Kookmin, Woori, Hana, Samsung, Hyundai and Lotte -- extended 20.85 trillion won (US$18.5 billion) in the January-March period, up 16.7 percent from a year earlier.

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