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Yonhap News Summary

All News 17:12 March 10, 2016

The following is the second summary of major stories moved by Yonhap News Agency on Thursday.

Park calls for national unity amid security crisis

SEOUL, March 10 (Yonhap) -- President Park Geun-hye called Thursday for national unity to better cope with threats posed by North Korea's provocations.

North Korea has ratcheted up harsh rhetoric and demonstrated a show of force against South Korea over Seoul's largest-ever military drills with Washington.


S. Korea reaffirms commitment to Eurasia Initiative

SEOUL -- South Korea said Thursday it remains committed to expanding infrastructure links across Asia and Europe under its Eurasia Initiative even though it has suspended a key logistics project involving North Korea and Russia.

The Eurasia Initiative is a key part of President Park Geun-hye's foreign policy agenda under which countries in Asia and Europe would draw closer together through increased rail and other infrastructure links.

(LEAD) S. Korean stocks up 0.84 pct on ECB hopes

SEOUL -- South Korean shares advanced 0.84 percent on Thursday, led by gains in techs, energy stocks and financials, as investors bet that the European Central Bank (ECB) may roll out additional easing steps, analysts said. The local currency sharply rose against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 16.38 points to finish at 1,969.33. Trading volume was moderate at 346 million shares worth 5.1 trillion won (US$4.24 billion), with gainers beating losers 484 to 311.


S. Korea to call for UNSC panel probe into N.K. missile launch

SEOUL -- South Korea is considering sending a letter to a sanctions panel under the U.N. Security Council (UNSC) to call for a probe into North Korea's launch of two ballistic missiles, the Foreign Ministry said Thursday.

The communist state fired the missiles into the East Sea at around 5:20 a.m. in an apparent protest against the ongoing military drills between South Korea and the United States, which it denounced as a rehearsal for a northward invasion.


Hong Kong bans N. Korean freighter under U.N. sanctions

HONG KONG -- Hong Kong has banned a North Korean freighter, which is blacklisted by new U.N. sanctions over the North's latest nuclear test and rocket launch, from berthing at its port, a source with knowledge of the matter said Thursday.

The North Korean freighter Gold Star 3 arrived at the Hong Kong port on Wednesday to get fuel and supplies for its crew, but Hong Kong authorities did not allow the ship to dock at the port, the source said on the condition of anonymity.

S. Korea reviewing whether to OK TB medication aid to N. Korea

SEOUL -- South Korea said Thursday it is reviewing whether to approve a charity group's request to send tuberculosis medication to North Korea amid its latest move to slap tighter sanctions on the North.

The EugeneBell Foundation Korea, the South Korean unit of the EugeneBell Foundation, has requested the Unification Ministry to approve its plan to ship medication to the impoverished nation. It said lives of some 1,500 patients in North Korea are at risk due to a lack of medical aid.

Samsung confident of success in Galaxy S7 series

SEOUL -- Samsung Electronics Co. said Thursday its new flagship smartphones are drawing a greater than expected market response, and their sales could exceed those of their predecessors, denying the rumor that the preorders of the Galaxy S7 series are sluggish.

"It is fairly great," said Koh Dong-jin, head of Samsung's mobile division, during the Galaxy S7 showcase event held in Seoul. "The figures for preorders are higher than expected, and full-fledged sales will begin Friday. I am strongly positive (about the sales)."

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