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Yonhap News Summary

All News 17:12 June 07, 2016

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

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(LEAD) World's first web content festival to open in Gwangju this month

SEOUL -- The world's first web content festival will kick off in the southwestern city of Gwangju this month, organizers said Tuesday.

Web content refers to cartoons, novels, dramas and videos created for the Internet or mobile devices.

Co-hosted by the Gwangju city government and the Ministry of Culture, Sports and Tourism, the inaugural Gwangju World Web Contents Festival will be held at the Asia Culture Center (ACC) from June 23 to June 26.

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N. Korea vows to develop more nuclear weapons

SEOUL -- North Korea pledged Tuesday to develop more nuclear weapons as its existing arsenal has helped raise the country's strategic leverage in dealing with external relations, the North's state media said.

North Korea plans to actively pursue diplomatic policy commensurate with its enhanced global status which has been earned thanks to its nuclear weapons program, according to Rodong Sinmun, the North's main newspaper.

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S. Korean scientists develop 'electronic textile'

SEOUL -- A team of South Korean scientists have developed an electronic device that can stick to clothing, paving the way for wearable displays and monitoring censors, the science ministry said Tuesday.

An electronic device attached to fabric via artificial cilia on its edges is called an electronic textile, said Ko Heung-cho, an associate professor at Gwangju Institute of Science and Technology.

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Wave power station remains idle due to broken cables: state audit

SEOUL -- A South Korean wave power station has remained idle for one and a half years due to damage on undersea transmission cables, the state audit agency said Tuesday, triggering criticism over a lack of government oversight.

The Board of Audit and Inspection (BAI) said that the power station in the waters off the country's southern resort island of Jeju has yet to begin its operation since it was built in December 2014 because of the damaged cables.

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STX Shipbuilding put under court receivership

SEOUL -- A local court on Tuesday approved a filing by financially shaky STX Offshore & Shipbuilding Co. to be put under a court-led restructuring scheme, paving the way for the shipyard to avert liquidation.

Last month, STX Shipbuilding, once the country's No. 4 shipbuilder, filed for receivership to stay afloat as its creditors decided to end a similar rehabilitation program for the shipbuilder.

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S. Korea to host world congress of home economics organization

SEOUL -- South Korea will play host to this year's world congress of the International Federation for Home Economics (IFHE) in the city of Daejeon on July 31-Aug. 6, organizers said Tuesday.

The organizing committee of the 23rd IFHE World Congress, titled "Hope & Happiness: The role of Home Economics in the pursuit of hope & happiness for individuals and communities now and in the future," is expected to bring together about 1,000 scholars, policymakers and experts from 54 countries.

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Seoul probing crash of U.S. cargo plane in Incheon

SEOUL -- A U.S. cargo plane operated by United Parcel Service of America skidded off a runway at the main gateway to South Korea due to a breakdown in the landing gear. No casualties were reported, the aviation authorities here said Tuesday.

Flight 5X61 bound for Anchorage in the United States was about to take off at Incheon International Airport at 10:48 p.m. on Monday, but instead rolled off the runway, according to the state-run airport operator.

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(LEAD) S. Korea again rejects Volkswagen's recall plan

SEJONG -- South Korea's environment ministry said Tuesday it has again rejected Volkswagen's plan to recall its vehicles that fabricated emissions results, saying the local unit of the German carmaker did not admit to using a defeat device to trick vehicle testing.

The Ministry of Environment disapproved the plan submitted by Audi Volkswagen Korea for not stipulating that the vehicles were equipped with what are called defeat devices, designed to manipulate emissions results.

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(LEAD) Hotel Lotte IPO faces delay amid bribery investigation

SEOUL -- Hotel Lotte Co.'s proposed initial public offering (IPO) will be postponed to an unspecified date as senior officials have come under investigation for alleged bribery related to its duty-free business, company officials said Tuesday.

Lotte's hotel and duty-free unit has been preparing to list its shares on the Seoul bourse on June 29, planning a series of overseas roadshows starting from this week to attract offshore investors.

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(LEAD) S. Korea develops wheeled armored combat vehicles for infantry troops

SEOUL -- South Korea has developed new wheeled armored combat vehicles that can greatly enhance the mobility and striking power of its infantry troops, the defense acquisition agency said Tuesday.

The Defense Acquisition Program Administration’s (DAPA) wheeled armored vehicle project, undertaken by Hyundai Rotem since 2012, has been successfully completed, the DAPA said in a statement.

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(LEAD) S. Korean FM to visit Russia next week

SEOUL -- South Korean Foreign Minister Yun Byung-se will visit Moscow next week for talks with his Russian counterpart on North Korea's nuclear weapons program and other issues, his ministry said Tuesday.

Yun will head to the Russian capital on Sunday for a two-day trip and meet with Russian Foreign Minister Sergey Lavrov the following day, ministry spokesman Cho June-hyuck said in a press briefing.

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(LEAD) S. Korea orders Nissan to recall emissions-faked cars

SEJONG -- South Korea's government on Tuesday ordered Nissan Korea Co., the local unit of the Japanese carmaker, to recall hundreds of its SUVs sold here and banned sales of vehicles cited as fabricating emissions results.

The Ministry of Environment slapped 340 million won (US$286,000) in fines on Nissan Korea and banned sales of its Qashqai model, while ordering a recall of 814 of the vehicles that have been sold in South Korea from November to last month.

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(LEAD) Foreign car sales jump 5.9 pct in May

SEOUL -- Sales of foreign cars in South Korea rose 5.9 percent on-year in May as some importers secured a sufficient amount of popular car models to meet demand here, industry data showed Tuesday.

According to the data compiled by the Korea Automobile Importers and Distributors Association, a total of 19,470 units of imported cars were registered last month, up from 18,386 units tallied in the previous year.

From a month earlier, May sales also spiked 9.1 percent, the data showed.
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