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Yonhap News Summary

All News 13:36 June 09, 2017

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

(2nd LD) N.K. says leader watches launch of new anti-ship cruise missile

SEOUL -- North Korean leader Kim Jong-un has observed the test-firing of a new surface-to-ship cruise missile capable of precisely hitting its enemy's warships, Pyongyang's state media said Friday.

The country conducted the first test of the missile, which was unveiled at a military parade in April to mark the 105th birthday of late state founder Kim Il-sung, according to the Korean Central News Agency (KCNA).

S. Korea sends back home 2 rescued N.K. fishermen

SEOUL -- South Korea on Friday repatriated two of the four North Korean fishermen recently rescued in waters off its east coast as the remainder expressed hope for defection to the South, government officials said.

South Korea handed them over on a vessel across the de facto maritime border in the East Sea, according to the Ministry of Unification.

(LEAD) Ex-President Park's sister indicted on charges of fraud

SEOUL -- Former President Park Geun-hye's sister has been indicted on charges of fraud, the prosecution said Friday.

Park Geun-ryoung, a younger sibling of the ousted former president, is accused of receiving 100 million won (US$89,000) in checks from the head of a social welfare organization in 2014 after promising to secure a supply contract for its products with a public corporation.

Moon's approval rating down slightly amid impasse over nominees

SEOUL -- President Moon Jae-in's approval rating dropped slightly from a week earlier though it still remained at a record high level, a survey showed Friday.

In a survey conducted by Gallup Korea, 82 percent of 1,011 adults polled offered a positive evaluation of Moon's management of state affairs.

THAAD in S. Korea comes up at White House discussions, Mattis: State Department

WASHINGTON -- South Korea's decision to suspend the deployment of the U.S. THAAD missile defense system was a topic when U.S. President Donald Trump held an Oval Office meeting with Secretary of State Rex Tillerson and Defense Secretary Jim Mattis, the State Department spokesperson said.

At the start of the regular briefing, State Department spokesperson Heather Nauert said that Tillerson met with Mattis for a working breakfast at her department Thursday morning, and the two secretaries later joined Trump at the White House and talked about "the ongoing situation on the Korean peninsula and also in the Gulf."

Parliament endorses deputy prime minister nominee

SEOUL -- The National Assembly on Friday endorsed President Moon Jae-in's pick for deputy prime minister for economic affairs following a confirmation hearing this week.

Kim Dong-yeon, who was tapped to double as finance minister, was approved by the parliamentary strategy and finance committee, paving the way for his appointment.

S. Korea's exports remain upbeat, gains weighed down by lukewarm domestic demand

SEJONG -- An upturn in global trade and exports has been helping the South Korean economy recover to some extent, but the gains are weighed down by flaccid domestic demand, including investment and private consumption, a government report said Friday.

"The South Korean economy has been on a upside cycle thanks to a steady rise in outbound shipments, while the domestic side is showing weak signs of recovery due to production and investment adjustment," the finance ministry said in its monthly economy assessment report called the "Green Book."

(Yonhap Feature) Independent cafes add extra something to compete against coffee giants

SEOUL -- Cafe 468, located in a quiet residential area in Euijeongbu, just north of Seoul, has the perks a trendy coffee shop should have -- Instagrammable decor, tasty options using quality beans, pastries and bread, all at affordable prices -- which keep the establishment competitive in South Korea's saturated coffee market.

However, this small trendy independent shop needed an extra-something strategy to survive in the coffee shop hierarchy that is dominated by large coffee chains, most noticeably U.S. coffee giant Starbucks. South Korea has the world's fourth-largest number of Starbucks stores in relation to its population.

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