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Yonhap News Summary

All News 17:13 June 10, 2016

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

N. Korea does not stipulate itself as nuclear power in ruling party bylaws

SEOUL -- North Korea did not stipulate itself as a nuclear-armed state in its recently revised set of ruling party bylaws, an analysis of the document showed Friday, spawning speculation that Pyongyang has left open the possibility of negotiations over its denuclearization.

Yonhap News Agency analyzed the 52-page document after having recently obtained it. The analysis found no reference to the communist state as a nuclear power contrary to widespread expectation.

(2nd LD) Seoul stocks down 0.32 pct on profit-taking

SEOUL -- South Korean stocks shed 0.32 percent Friday as investors opted to cash in part of recent gains. The Korean won dropped against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) retreated 6.54 points, or 0.32 percent, to close at 2,017.63. Trade volume was moderate at 399 million shares worth 4.71 trillion won (US$4.04 billion), with gainers outnumbering losers 448 to 364.

Samsung, most trustworthy firm among U.S. millenials: poll

SEOUL -- Samsung Electronics Co., South Korea's leading tech company, said Friday it ranked first in a recent reputation survey of young adults in the United States.

The Reputation Institute (RI), a U.S. consulting firm, conducted the poll of Americans, aged 18-34, who are called "millenials," in the first quarter of this year, Samsung said in a press release. More than 700 firms were on the list of candidates.

Tax revenue jumps 23 pct by April on increased consumption

SEOUL, June 10 (Yonhap) -- South Korea's tax revenue surged greatly from a year earlier in the first four months partly on an increase in corporate and income taxes that may reflect a rise in consumption, the government said Friday.

In the January-April period, the government collected 96.9 trillion won (US$83.2 billion) in taxes, up 23 percent, or 18.1 trillion won, from the same period last year, according to the Ministry of Strategy and Finance.

(2nd LD) S. Korea, UNC crack down on illegal Chinese fishing in neutral waters between Koreas

SEOUL -- South Korea and the United Nations Command (UNC) sent in troops Friday to crack down on illegal Chinese fishing boats in neutral waters around the mouth of the Han River between the two Koreas.

The military operation marks the first of its kind to have taken place in the estuary region, where the Han River meets the Yellow Sea, after its designation as a no man's land in the armistice agreement following the 1950-53 Korean War.

Seoul recently formed a 24-strong military police team with four speed boats to combat an increasing number of Chinese vessels illegally coming to and fishing in the neutral waters, a military buffer zone, said an official at the defense ministry.

(LEAD) Park In-bee inducted into LPGA Hall of Fame

SEOUL -- With 17 titles that include seven major championships, world No. 2 Park In-bee has joined the LPGA Hall of Fame.

Park was inducted into the hall after completing her first round at the season's second major, the KPMG Women's PGA Championship, at Sahalee Country Club in Sammamish, Washington, on Thursday (local time).

Park is the second South Korean in the hall after Pak Se-ri, whose trailblazing ways in the late 1990s inspired the likes of Park to pick up golf. At 27, Park is also the youngest to enter the Hall of Fame.


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