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Yonhap News Summary

All News 14:11 July 14, 2016

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

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N. Korea expected to conduct full-range SLBM test within 12 months: U.S. expert

WASHINGTON -- North Korea appears to be making progress in its submarine-launched ballistic missile development and is expected to conduct a full-range test within the next 12 months, a U.S. expert said Wednesday.

The communist nation carried out the latest SLBM test last week, but the launch was considered a failure as the missile, known as KN-11, exploded at an altitude of some 10 kilometers after being launched from a submerged submarine.

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BOK slashes growth outlook to 2.7 pct

SEOUL -- South Korea's central bank on Thursday revised down its growth outlook for Asia's fourth-largest economy to 2.7 percent from 2.8 percent three months earlier, citing sluggish consumption at home and abroad.

The quarterly revision by the Bank of Korea (BOK) came shortly after the government slashed its outlook for 2016 to 2.8 percent from 3.1 percent.

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BOK holds key rate steady at record low 1.25 pct for July

SEOUL -- South Korea's central bank kept its policy rate frozen for July on Thursday, one month after it sent the key rate to a record low to bolster growth in Asia's fourth-largest economy.

In a widely expected move, the Bank of Korea's monetary policy board voted to keep the key rate steady at 1.25 percent.

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Park calls for end to 'needless' squabbling over THAAD deployment

SEOUL -- President Park Geun-hye on Thursday called for an end to "needless" squabbling over the planned deployment of an advanced U.S. anti-missile battery here, reiterating that it is a self-defense measure to counter North Korea's nuclear and missile threats.

Presiding over a session of the National Security Council, the commander-in-chief asked for public understanding, stressing that the government could not hold open discussions over the selection of the deployment site as it is a "grave" security issue.

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(Yonhap Feature) Music therapy program aims to offer hope for young N.K. defectors

SEOUL -- Sitting in a circle, a group of 20 elementary school students are playing paddle drums and other rhythmic instruments, closely watching their teacher's hand gestures not to miss a beat.

Choi Na-ri, a 28-year-old music therapist, waves her hand up and down like she's bouncing a ball to help them feel the rhythm. With a shy smile, a boy imitates her gestures to encourage his friends to tap their instruments to the beat of his air metronome. When the bout of musical improvisation ends, Choi and her students burst into laughter.

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S. Korean show's popularity alters Chinese TV ranking

SEOUL -- A popular South Korean variety show has bumped up the ranking of a Chinese television channel to No. 1 among entertainment broadcasters, data showed Thursday.

The Chinese version of "Running Man," which centers on teams of celebrities competing to accomplish various missions assigned to them, has been broadcast by the Chinese TV network Zhejiang under the title "Hurry Up Brothers."
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