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Yonhap News Summary

All News 11:35 June 05, 2017

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

(LEAD) Ruling party, gov't agree on administration reorganization plan

SEOUL, June 5 (Yonhap) -- The ruling Democratic Party and government agreed Monday to create a new ministry supporting small and medium-sized enterprises (SME) and venture startups as part of a government reorganization plan, party officials said.

During the election campaign, President Moon Jae-in pledged to enhance support for the SMEs through a higher-level government entity so that the nation can create more jobs and better cope with stiff global industrial competition.

S. Korea outlines 11.2 tln-won extra budget plan to create jobs
By Kim Boram

SEJONG, June 5 (Yonhap) -- South Korean on Monday outlined an 11.2 trillion-won (US$9.99 billion) extra budget plan to create jobs and fuel the recent recovery momentum in the economy.

The supplementary budget -- the first since President Moon Jae-in took office last month -- was approved at a Cabinet meeting.

The budget proposal, just a fraction of the 400 trillion-won state budget for fiscal 2017, is set to be submitted to the National Assembly on Wednesday for approval.

S. Korea rescues 4 N. Korean sailors

SEOUL, June 5 (Yonhap) -- South Korea rescued four North Korean sailors on two ships drifting in waters off its east coast last week, Seoul's unification ministry said Monday.

The South's Coast Guard rescued a North Korean on a vessel Friday and another three fishermen on another boat the following day in the East Sea, according to the Ministry of Unification.

Moon's approval rating drops to 78 pct: survey

SEOUL, June 5 (Yonhap) -- President Moon Jae-in's approval rating dropped to the 70 percent level for the first time last week, down from the 80 percent range in his first weeks in office, a survey showed Monday.

In the Realmeter survey conducted from Monday to Friday, 78.1 percent approved of Moon's job performance, down 6 percentage points from the previous week.

U.S. urges N. Korea to stop destabilizing rhetoric, return to serious talks

WASHINGTON, June 4 (Yonhap) -- The State Department urged North Korea on Sunday to stop destabilizing actions and rhetoric, and return to talks after Pyongyang rejected a U.N. Security Council sanctions resolution and vowed to further enlarge its nuclear arsenal.

The North's Foreign Ministry made the statement earlier Sunday, calling the Security Council resolution "a crafty hostile act with the purpose of putting a curb on the DPRK's buildup of nuclear forces, disarming it and causing economic suffocation to it."

S. Korean Kim In-kyung earns 5th LPGA victory

SEOUL, June 5 (Yonhap) -- South Korean Kim In-kyung has won for the fifth time in her LPGA career.

Kim beat Anna Nordqvist by two strokes to win the ShopRite LPGA Classic at Stockton Seaview Hotel and Golf Club's Bay Course in Galloway, New Jersey, on Sunday (local time).

U.S. school for disabled children to dedicate statue in memory of S. Korean adoptee

NEW YORK, June 4 (Yonhap) -- A U.S. school for children with disabilities said Sunday it will dedicate a statue next week in memory of a South Korean boy murdered by his American adoptive father.

The Linwood Center, located in Howard County, the U.S. state of Maryland, said on its website that it will hold a ceremony marking the dedication of the sculpture called "Hyunsu's Butterfly" on the school's premises on June 12.

S. Korea's current account surplus rises to US$4 bln in April

SEOUL, June 5 (Yonhap) -- South Korea's current account surplus rose slightly in April from a year earlier on an increased surplus in the goods account, central bank data showed Monday.

The country's current account surplus reached US$4 billion in April, compared with a surplus of $3.76 billion tallied a year ago, according to the preliminary data from the Bank of Korea (BOK).

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