Yonhap News Summary
The following is the second summary of major stories moved by Yonhap News Agency on Tuesday.
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(LEAD) S. Korean shares end lower on Samsung woes, U.S. rate hike fear
(ATTN: ADDS bond yields at bottom)
SEOUL -- South Korean shares closed sharply lower Tuesday as market kingpin Samsung Electronics suffered a steep drop caused by its decision to halt global sales of the Galaxy Note 7 smartphone but more so because of what local analysts called renewed fears of a U.S. rate hike. The local currency also lost ground against the U.S. dollar over such fears.
The benchmark Korea Composite Stock Price Index retreated 24.89 points, or 1.21 percent, to 2,031.93. Trading volume was slim at 338.8 million shares worth 5.12 trillion won (US$4.57 billion) with losers outnumbering gainers 408 to 391.
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S. Korea reviewing stronger unilateral sanctions on N. Korea: foreign ministry
SEOUL -- A government-wide review is underway in South Korea to adopt a tougher set of unilateral sanctions on North Korea in reaction to the regime's recent nuclear test, the foreign ministry said Tuesday.
"(South Korea) is carrying out a broad review of adopting additional independent sanctions," Cho June-hyuck, spokesman at the Ministry of Foreign Affairs, said in a regular briefing. "At the pan-government level, (Seoul) is seeking more detailed and effective sanctions measures."
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Every tool should be used to deal with N. Korea nuke program: Sherman
SEOUL -- Every possible tool including military action should be used to denuclearize North Korea, Wendy Sherman, former U.S. undersecretary of state for political affairs, said on Tuesday, calling Pyongyang's nuclear ambition the next U.S. administration's top challenge.
"We need to use every tool we have -- military, intelligence, diplomacy, sanctions, information and propaganda -- to deal collectively with North Korea," Sherman said in a session of the World Knowledge Forum hosted by Maeil Business Newspaper.
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PM visits Thai military unit that served in Korean War
SEOUL -- Prime Minister Hwang Kyo-ahn visited a Thai military unit that fought under the United Nations flag in the 1950-53 Korean War on Tuesday, expressing gratitude to veterans.
Thailand is one of 16 nations that sent combat troops as part of the U.N. forces to defend South Korea from the North Korean invasion. The country sent 6,326 soldiers with 136 losing their lives in the conflict.
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(LEAD) 'Technology financing' taking root in S. Korea: FSC
(ATTN: ADDS data on loan volume in paras 6-7)
SEOUL -- "Technology financing" is spreading rapidly among South Korea's small and medium-sized companies, but a related system still leaves something to be desired, a survey showed Tuesday.
South Korea introduced the loan option in 2014 for local tech firms with growth potential.
It offers them with chances to get loans based on an evaluation of their technology rather than focusing on their collateral or balance sheets.
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Daewoo Shipbuilding wins 340 bln-won frigate order
SEOUL -- Daewoo Shipbuilding & Marine Engineering Co. said Tuesday it has bagged a 340 billion-won (US$304 million) deal to build a frigate for the South Korean Navy.
Under the deal, the major South Korean shipbuilder will deliver the 2,800-ton frigate by the end of 2020, the company said.
The ship, 122 meters long and 14 meters wide, has a maximum speed of 30 knots, according to the shipyard.
(END)
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(News Focus) Samsung's Lee expected to solidify leadership, step up biz activities after receiving pardon
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S. Korea expresses deep regret over Japanese PM's offering to war shrine
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(LEAD) Yoon pledges to improve ties with Japan, offers economic aid in exchange for N.K. denuclearization
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(LEAD) Bill Gates calls for S. Korea to play leading role in global health cooperation
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Jungkook, first runner of BTS' photo album project
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(2nd LD) Samsung heir Lee granted special presidential pardon
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(News Focus) Samsung's Lee expected to solidify leadership, step up biz activities after receiving pardon
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(LEAD) Yoon pledges to improve ties with Japan, offers economic aid in exchange for N.K. denuclearization
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Today in Korean history
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Ex-ruling party chair takes swipe at Yoon amid legal action over leadership switch
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Busan mayor proposes allowing alternative military services for BTS
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Preorders for BLACKPINK's second LP surpass 1.5 mln copies
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(LEAD) New COVID-19 cases near 180,000; imported cases hit record high
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Daegu military air base to be relocated to nearby area by 2030 under 11.4 tln-won project
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S. Korea's new COVID-19 cases over 170,000 for 2nd day