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Yonhap News Summary

All News 13:21 June 02, 2017

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

(LEAD) U.S. imposes sanctions on N. Korea's top office State Affairs Commission

WASHINGTON/SEOUL -- The United States imposed fresh sanctions on North Korea on Thursday, blacklisting the regime's highest office, the State Affairs Commission, money-making firms and other entities and individuals as it further tightens the screws on Pyongyang over its nuclear and missile programs.

The sanctions came after a series of successful missile tests by North Korea in recent months that demonstrated steady progress in its pursuit of various types of missiles, including a nuclear-tipped intercontinental ballistic missile capable of reaching the U.S.

(LEAD) S. Korean economy grows 1.1 pct on-quarter in Q1: BOK

SEOUL -- South Korea's economy grew at a faster-than-expected pace in the first quarter from three months earlier on increased exports, construction and facility investments, central bank data showed Friday.

The country's gross domestic product (GDP) expanded 1.1 percent in the January-March period from the previous quarter, accelerating from a 0.5 percent on-quarter expansion three month earlier, according to preliminary data from the Bank of Korea (BOK).

(LEAD) Full deployment of THAAD to take more time in case of environmental impact study: top S. Korean official

WASHINGTON -- The full deployment of the U.S. THAAD missile defense system in South Korea could take more time than expected if a thorough assessment of its impact on the environment is to be completed, South Korea's national security adviser said Thursday.

The remark by Chung Eui-yong, chief of the National Security Office at the presidential office, Cheong Wa Dae, strongly suggests that Seoul intends to seek a full-scale environmental study before deploying the additional four launchers for a THAAD battery installed in southeastern South Korea.

S. Korea says U.S. withdrawal from Paris accord 'regrettable'

SEOUL -- South Korea's foreign ministry said Friday it is "regrettable" that the United States has withdrawn from a landmark global agreement aimed at curbing climate change.

On Thursday (local time), U.S. President Donald Trump announced the withdrawal from the Paris climate accord, saying that it disadvantages the U.S. to the exclusive benefit of other countries.

(LEAD) Parliament holds hearing on FTC chairman nominee

SEOUL -- The National Assembly held a confirmation hearing for Fair Trade Commission chairman-designate Kim Sang-jo on Friday over his policy orientations, ethical qualifications and other credentials.

Kim, seen as a pivotal figure to lead President Moon Jae-in's efforts to reform major conglomerates, faced an intense vetting process at the parliament due to a series of allegations involving himself and his family.

(LEAD) Prosecutors seek warrant to detain daughter of Park's friend

SEOUL -- Prosecutors on Friday sought a court warrant to formally arrest the daughter of former President Park Geun-hye's friend who was extradited from Denmark this week.

The Seoul Central District Court will hold a hearing at 2 p.m. to decide whether to issue the warrant for Chung Yoo-ra.

Hyundai, Kia US sales fall 15 pct in May

SEOUL -- Hyundai Motor Co. and its sister company Kia Motors Corp. said Friday their combined sales in the U.S. market fell 15 percent on-year last month.

In May, Hyundai and Kia, South Korea's two largest carmakers, sold 60,011 vehicles in the North American country, down from 71,006 units a year earlier, the companies said.

S. Korean bourse fares best worldwide in May

SEOUL -- South Korea's stock market was white-hot on massive foreign buying in May, emerging as the top performer among bourses in major advanced and emerging countries, data showed Friday.

The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,347.38 Wednesday, up 6.4 percent from a month earlier, according to the data by the Korea Exchange and the Korea Center for International Finance.

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