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Yonhap News Summary

All News 17:00 October 12, 2016

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

Samsung's Q3 profit estimate revised down to 5.2 tln won

SEOUL -- Samsung Electronics Co. said Wednesday it has revised its operating profit estimate for the third quarter down to 5.2 trillion won (US$4.6 billion), apparently hit by the permanent end of the Galaxy Note 7 smartphone.

Samsung had previously estimated that its operating profit for the July-September period may stand at 7.8 trillion won.

Daewoo Shipbuilding to cut workforce by about 20 pct this year

SEOUL -- Daewoo Shipbuilding & Marine Engineering Co., a major shipyard here, said Wednesday that it plans to cut its workforce by about 20 percent before the end of the year in a bid to tide over a deepening industrywide slump.

According to the shipyard, it plans to cut its workforce to below 10,000 by the end of the year from 12,699 at the end of June.

S. Korea considers adopting unilateral sanctions on N. Korea ahead of U.N. resolution

SEOUL -- South Korea is reviewing whether the country would announce its own sanctions on North Korea ahead of a new United Nations resolution in the event of a major delay in its adoption, a government source said Wednesday.

According to the source, the government has taken the stance that it will go ahead with imposing an independent set of sanctions in response to North Korea's fifth nuclear test on Sept. 9 if the U.N. Security Council drags its feet in adopting a resolution.

Military expanding special forces capability to strike key N.K. facilities, leadership

SEOUL -- South Korea's military said Tuesday it will greatly expand the capabilities of its special forces to strike key North Korean command facilities and its leadership in the event of a crisis.

In a parliamentary audit, the Army said it is striving to be ready to carry out independent special operations against the North's provocations, with a plan to secure hardware, such as the latest MH-47 series choppers, compact satellite links and advanced small arms.

Chinese man indicted over murder of S. Korean woman in Jeju church

JEJU ISLAND, South Korea -- A 50-year-old Chinese man was indicted Wednesday on charges of stabbing a South Korean woman to death who was praying at a Catholic church on the country's resort island of Jeju last month, prosecutors said.

The Jeju District Prosecutors' Office said Chen Guorui is accused of attacking the 61-year-old woman, identified only by her surname Kim, on Sept. 17 when she was praying inside the church alone. The victim was rushed to a nearby hospital, but was pronounced dead a day after the incident took place.

(LEAD) Household loans up 11.8 in September

SEOUL -- Household loans extended by local banks rose 11.8 percent in September from a year earlier due to an increase in collective loans, central bank data showed Wednesday.

Outstanding household loans from local lenders came to 688.4 trillion won (US$613 billion) as of end-September, compared with 615.7 trillion won from a year earlier, according to the data from the Bank of Korea (BOK).

S. Korean aid providers offer assistance to N.K. flood damage

SEOUL -- A group of South Korean private aid providers said Wednesday it has provided North Korea with US$187,000 through the Red Cross to help it fight the latest floods in the country's northeast area.

The Korea NGO Council for Cooperation with North Korea (KNCCK) said it has sent the first batch of $100,000 to North Korea with the plan to send the remainder by next Tuesday in accordance with its agreement with the Red Cross.

35 pct of N. Korean defectors cite freedom as key motivation

SEOUL -- More than a third of North Korean asylum seekers settling in the South cited freedom as the key motivation for defecting, data showed Wednesday, reflecting the deteriorating civil rights conditions under the Kim Jong-un regime.

Hanawon, a facility in which defectors receive three months of resettlement education after coming to the South, said 35 percent of the defectors surveyed in 2014 said they escaped their homeland to seek liberty, marking a sharp rise from 9.6 percent tallied in 2001.

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