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Yonhap News Summary

All News 17:30 October 07, 2016

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

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S. Korea's military on high alert ahead of key anniversary in N.K.

SEOUL -- South Korea's military is on high alert as North Korea might stage another provocation to celebrate its key anniversary early next week, government officials said Friday.

North Korea appears to be ready to carry out another nuclear test or launch a ballistic missile at any time given increased activities at its nuclear test and missile launching sites, military officials said.

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(LEAD) S. Korea names new ambassador to U.N.

SEOUL -- A senior South Korean foreign ministry official has been named the head of the country's mission to the United Nations, the ministry said Friday.

Cho Tae-yul, South Korea's second vice foreign minister, will replace Oh Joon as the chief of the South Korean mission to the international organization, the ministry said in a press release.

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LG Electronics' Q3 operating profit estimated to fall 3.7 pct

SEOUL -- LG Electronics Inc. said Friday that its operating profit for the third-quarter of this year is likely to fall 3.7 percent on year.

In a regulatory filing, LG said it expects a third-quarter operating profit of 283.2 billion won (US$253.4 million), compared with a profit of 293.9 billion won for the same quarter last year.

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Football captain says S. Korea determined to beat Iran in World Cup qualifier

INCHEON -- South Korean football captain Ki Sung-yueng said Friday the players are determined to collect an away victory against Iran in the upcoming World Cup qualifier.

South Korea will face Iran at Azadi Stadium in Tehran on Tuesday for their fourth match in the final Asian qualifying round for the 2018 FIFA World Cup. Both Iran and South Korea have seven points with two wins and a draw in Group A, where they are paired with Uzbekistan, Syria, China and Qatar. Iran, however, are the leaders of the group with superior goal difference to South Korea.

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(Yonhap Interview) Chinese power blogger finds new charm in Seoul

SEOUL -- Most first-time Chinese travelers to Seoul just can't miss the glitzy shopping district of Myeongdong, but a Chinese power blogger says there's another hot spot they should check out for shopping, beautiful nature and fun activities: Yeouido.

Zhou Rouxue, a 24-year-old blogger who has about 750,000 followers on China's most popular microblogging site Weibo, made a pitch for Yeouido, a financial and political hub that houses many bank and brokerage headquarters as well as the National Assembly close to the Han River.

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Auto exports fall at fastest pace in seven yrs in Sept.

SEJONG -- South Korea's car exports plunged at the fastest clip in nearly seven years last month due mainly to partial strikes at local carmakers and contracted global demand, the government said Friday.

Outbound shipments of vehicles came to 156,680 units in September, down 23.7 percent from 205,274 units tallied a year earlier, according to the Ministry of Trade, Industry and Energy.

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(LEAD) S. Korean shares slip ahead of U.S. jobs report

SEOUL -- South Korean stocks retreated Friday as investors took to the sidelines, awaiting the U.S. jobs report to get clues on when the Federal Reserve will raise interest rates. The Korean won fell against the greenback.

The benchmark Korea Composite Stock Price Index (KOSPI) shed 11.5 points, or 0.56 percent, to close at 2,053.8. Trade volume was moderate at 417.85 million shares worth 5.14 trillion won (US4.61 billion), with decliners far beating gainers 611 to 199.
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