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Yonhap News Summary

All News 13:30 April 21, 2017

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

(LEAD) U.N. Security Council unanimously adopts statement condemning N.K. missile launch

NEW YORK -- The U.N. Security Council on Thursday unanimously adopted a press statement strongly condemning North Korea's latest missile launch.

"The members of the Security Council expressed their utmost concern over the Democratic People's Republic of Korea's highly destabilizing behavior and flagrant and provocative defiance of the Security Council by conducting this ballistic-missile launch," the council said in the statement, referring to the April 15 launch.

S. Korea's exports soar 28.4 pct in first 20 days of April

SEJONG -- South Korea's exports jumped 28.4 percent in the first 20 days of April from a year earlier on robust overseas demand for semiconductors and cars, customs data showed Friday.

Total outbound shipments reached US$30.4 billion during the cited period, up from $23.7 billion tallied over the same period last year, according to the data compiled by the Korea Customs Service.

Presidential front-runner Moon widens gap with runner-up: poll

SEOUL -- Presidential front-runner Moon Jae-in widened his lead in a new opinion poll released Friday as runner-up Ahn Cheol-soo's numbers plummeted.

Moon, a former leader of the liberal Democratic Party, garnered an approval rating of 41 percent, up 1 percentage point from last week, while Ahn, co-founder of the center-left People's Party, declined 7 points to 30 percent, according to Gallup Korea.

Trump orders investigation into foreign steel imports

WASHINGTON -- U.S. President Donald Trump on Thursday ordered an investigation into whether steel imports affect national security in a move seen as signaling tougher restrictions on foreign steel that could also affect South Korean steelmakers.

"Today, I'm directing the Department of Commerce to immediately prioritize the investigation ... into foreign steel arriving into our markets, and to submit a report on the effects of these foreign steel products on the national security of the United States," Trump said during a ceremony to sign a memorandum ordering the investigation.

(2nd LD) Trump says 'very unusual moves' made with regard to N. Korea

WASHINGTON -- U.S. President Donald Trump said Thursday that "some very unusual moves" have been made with regard to North Korea as he praised Chinese President Xi Jinping for trying hard to rein in the communist neighbor.

"I think he's working very hard. I can say that all of the pundits out there saying they've never seen China work like they're working right now," Trump said during a joint news conference with Italian Prime Minister Paolo Gentiloni at the White House, referring to Xi.

Banks urged to play 'responsible role' in normalizing Daewoo Shipbuilding

SEOUL -- South Korea's top financial regulator on Friday called for heads of banks to play a "responsible role" in normalizing Daewoo Shipbuilding & Marine Engineering Co., as the bailout plan for the troubled shipbuilder was cleared by its stakeholders.

Zhin Woong-seob, governor of the Financial Supervisory Service (FSS), also asked banks not to aggressively collect debt from shipbuilders and their subcontractors, given their financial strains over a downturn in the shipbuilding industry.

(Yonhap Feature) Internet banks poised to become a force to be reckoned with

SEOUL -- Jang Hong-suk got a credit line for a deposit to buy an apartment. All he did was download an app on his smartphone and open an account before applying for a loan.

It took about two hours before Jang got approval for the loan from K-Bank, South Korea's first Internet-only bank.

Galaxy S8's iris scanner to be used on financial transactions

SEOUL -- South Korea's credit card companies are seeking to apply the iris scanner adopted by Samsung Electronics Co.'s Galaxy S8 smartphones on mobile transactions, industry sources said Friday, lauding the feature's security compared with fingerprints and passwords.

According to the sources, Samsung Card Co. is seeking to apply the iris scanner on its mobile application, allowing users to make financial transactions through the feature.

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