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Yonhap News Summary

All News 13:40 September 30, 2016

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

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Prosecutor general apologizes over corruption scandal involving senior state attorney

SEOUL -- Prosecutor-General Kim Soo-nam apologized Friday for a corruption scandal, involving a senior state attorney, stressing that justice and integrity are the "bedrock" of the law enforcement agency.

Prosecutor Kim Hyung-joon was arrested on Thursday on charges of taking kickbacks in return for peddling his influence over an investigation. He is the second incumbent prosecutor to be arrested this year, following Jin Kyung-joon, who was indicted in July for allegedly receiving bribes from a businessman.

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(2nd LD) S. Korea's industrial output gains 2.3 pct on-yr in Aug.

SEJONG -- South Korea's industrial output rose for the fourth consecutive month in August on brisk sales of semiconductors and chemical products, a government report showed Friday.

Production in the mining, manufacturing, gas and electricity industries rose 2.3 percent last month from a year ago, according to the report by Statistics Korea.

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S. Korea selects golf course as new site for THAAD

SEOUL -- South Korea has picked a golf course in the southeastern part of the nation as the new site for an advanced American missile defense system Friday to counter growing threats from North Korea, military officials said.

The revised decision comes 2 1/2 months after Seoul and Washington picked the Seongsan anti-aircraft missile base in Seongju, 296 kilometers southeast of Seoul, to host the Terminal High Altitude Area Defense (THAAD) system by 2017.

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(Yonhap Feature) S. Korea emerges as new hub for int'l entrepreneurs

SEOUL -- For Maria Lee, it was difficult to settle down after first moving to South Korea because she was not speaking the local language fluently. As an "ajumma" -- a Korean word for a middle-aged woman -- herself, she wanted to help 1.7 million other foreigners living in the country overcome these challenges.

When Lee decided to start her own business, she sought help from the Seoul Global Center (SGC), which provides assistance to foreign entrepreneurs seeking to bring new innovation and ideas to the country.

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S. Korea's manufacturing sentiment to improve next month

SEOUL -- South Korean manufacturers' business sentiment will slightly improve next month, though they expect a decline in exports and no improvement in domestic demand, central bank data showed Friday.

The business survey index (BSI) of manufacturing firms came to 75 in October, up from 74 a month earlier, according to the Bank of Korea (BOK).

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U.S. bill calls for blocking N. Korea's access to global banking network

WASHINGTON -- A U.S. House lawmaker has introduced a bill designed to completely cut off North Korea from the international banking system in what could be one of the most powerful sanctions on the communist nation defiantly forging ahead with nuclear and missile programs.

Rep. Matt Salmon (R-AZ) submitted the legislation (H.R.6281) with the stated goal of curbing Pyongyang's nuclear program "by preventing specialized financial messaging services to, or direct or indirect access to such messaging services" for the North's central bank and other financial institutions.

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N. Korea's coal exports to China hit record high in Aug.

SEOUL -- North Korea's exports of coal to China reached a record high on a monthly basis last month despite sanctions imposed following a series of nuclear and missile tests, as the reclusive nation cut prices to boost its shipment to its strongest ally, a report showed on Friday.

According to the Korea International Trade Association (KITA), the North's exports of coal to China amounted to 2.46 million tons last month, the biggest since 1998 when related data began to be compiled.

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Korea-China flights highly booked during China's holiday period

SEOUL -- South Korean air carriers have reached nearly 90 percent in reservation rate on flights to and from China for two weeks as Chinese travelers come to Korea during a long public holiday, industry officials said Friday.

Officials expect up to 250,000 Chinese tourists to come to the country for the Oct. 1-7 National Day holiday, an increase from 203,000 last year.
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