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Yonhap News Summary

All News 12:14 April 03, 2017

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

N.K. vows to celebrate key April anniversaries as 'big' events

SEOUL -- North Korea said Monday it plans to mark its two key anniversaries slated for April, including the birthday of the country's late founder, as "big" political festive events, hinting at a massive military parade.

The Rodong Sinmun, the country's main newspaper, cited the 105th birthday of Kim Il-sung, which falls on April 15, and the 85th anniversary of the creation of the Korean People's Army on April 25.

(News Focus) Korean moviegoers not only watch films but now invest in them

SEOUL-- The new domestic film "Room No. 7" has recently raised 2 billion won (US$1.79 million) through crowdfunding, less than a week since it started the campaign.

The yet-to-be-released black comedy, satirical of capitalism, is the second work by director Lee Yong-seung, who debuted as a director in 2013 with "10 Minutes" and the 37th film by production company Myung Films, the producer of "Joint Security Area."

(LEAD) Internet banks to promote innovation in financial sector: regulator

SEOUL-- Internet-only banks will promote innovation in South Korea's financial sector that has been struggling with slower growth and slim margins, the financial regulator head said Monday.

Yim Jong-yong, chairman of the Financial Services Commission (FSC), made the remarks as one of two Internet banks, K-Bank, launched its operations earlier in the day. Another Internet bank, Kakao Bank, will begin operating in the first half of this year.

S. Korean Ryu So-yeon captures 2nd career LPGA major

SEOUL -- South Korean golfer Ryu So-yeon has captured her second career LPGA major championship.

Ryu defeated Lexi Thompson with a birdie on the first playoff hole to win the ANA Inspiration at Mission Hills Country Club's Dinah Shore Tournament Course in Rancho Mirage, California, on Sunday (local time).

Liberal rival poses growing challenge to presidential front-runner Moon: poll

SEOUL -- Presidential front-runner Moon Jae-in of the liberal Democratic Party maintained his lead for the 13th consecutive week but faces a growing challenge from a longtime rival who closed in to rank second, a poll indicated Monday.

Moon, a former leader of the largest party in parliament, garnered 34.9 percent in the survey conducted from Monday to Friday last week, up 0.5 percentage point from the previous week, Realmeter said.

(LEAD) S. Korea, U.S., Japan set for joint drills against N. Korean submarines

SEOUL -- South Korea, the United States and Japan will hold a combined naval exercise this week against North Korea's growing submarine threats, Seoul's defense ministry announced Monday.

The three-day training is scheduled to kick off later in the day in the waters between South Korea and Japan near Jeju Island, according to the Ministry of National Defense.

(Yonhap Interview) Toronto-born hockey player wants to do S. Korea proud at Olympics

GANGNEUNG, South Korea -- It was a symbolic moment in South Korean women's hockey at the world championships in Gangneung, and one that the country would love to see often at the Winter Olympics on home ice next year.

There was Randi Griffin, born in the United States to a Korean mother and an American father, flying down the right wing in a 2-on-1 chance against Slovenia on Sunday. She then threaded a perfect pass to Danelle Im, a Canadian native of Korean descent, who slapped it home to give South Korea a 4-1 lead.

North Korea will be 'most important' topic for Trump-Xi summit: U.S. envoy

WASHINGTON -- How to deal with North Korea will be "the most important conversation" when U.S. President Donald Trump holds talks with Chinese President Xi Jinping later this week, U.S. Ambassador to the United Nations Nikki Haley said Sunday.

"No longer take the excuses from China that they're concerned too. They need to show us how concerned they are. They need to put pressure on North Korea. The only country that can stop North Korea is China," Haley said on ABC's "This Week."

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