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Yonhap News Summary

All News 13:01 July 03, 2017

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

(2nd LD) People's Party denies senior members' involvement in fake tip-off about Moon's son

SEOUL -- The People's Party on Monday denied its senior members' involvement in the fabrication of election-season allegations against President Moon Jae-in's son as the minor opposition party is struggling to head off its biggest crisis that has eroded public support.

Wrapping up a weeklong probe, the party's fact-finding team announced its tentative conclusion that Lee You-mi, a rank-and-file member, acted alone in doctoring an anonymous tip-off that Moon's son, Joon-yong, landed a job at a public agency in late 2006 thanks to his father's influence.

(LEAD) Hanwha Galleria to withdraw duty-free biz from Jeju airport

SEOUL -- Hanwha Galleria Timeworld Co., a local duty-free operator, said Monday the company will pull out of a local airport next month amid a sharp drop in the number of Chinese tourists.

In a regulatory filing, the duty-free operator said its store at Jeju Airport will shut down Aug. 31, following a consultation with the Korea Airports Corp. Its duty-free business license at the airport was originally valid till April 2019.

Electricity supply remains stable despite temporary shutdown of 8 old power plants

SEOUL -- South Korea's electricity supply remained stable last month despite the temporary shutdown of eight old coal-fired power plants as part of the government's efforts to reduce the country's air pollution levels, industry sources said Monday.

Starting June 1, the thermal power plants, including four in central Chungcheong Province, were closed for 30 days. The closed plants have a combined generation capacity of 2.8 gigawatts, taking up about 2.5 percent of the country's total capacity.

'Anarchist from Colony' nabs top spot over 'Transformers' on opening weekend

SEOUL -- Director Lee Joon-ik's latest historical film "Anarchist from Colony" led the weekend box office, taking up 48.8 percent of all tickets sold, data showed Monday.

According to the computerized tally from the Korean Film Council (KOFIC), "Anarchist" added 817,982 to its audience tally of 1.18 million over the June 30-July 2 weekend.

Hyundai to seek gov't approval to visit N.K. for memorial service

SEOUL -- Hyundai Group is planning to ask the government to give it permission so its senior management can visit North Korea next month to mark the anniversary of the death of its former chairman, company officials said Monday.

The memorial service for Chung Mong-hun, who spearheaded the now-suspended inter-Korean tour program in the North, had been held at Mount Kumgang every year since his death in August 2003. Hyundai, however, did not seek approval for the visit last year due to rising tensions on the Korean Peninsula.

(LEAD) S. Korean shipyards estimated to have clinched record new orders in first half

SEOUL -- South Korean shipbuilders, led by Hyundai Heavy Industries Co., are estimated to have clinched a record number of new shipbuilding orders in the first half of the year, with their combined tally more than doubling from a year earlier, industry data showed Monday.

Hyundai Heavy and other local shipyards have bagged orders worth a combined 2.56 million compensated gross tons (CGTs) in the January-June period, accounting for 34 percent of the total orders placed around the globe, according to the data compiled by industry tracker Clarkson Research.

Moon's approval rating rebounds slightly: survey

SEOUL -- President Moon Jae-in's approval rating rebounded slightly last week amid positive reception of the South Korea-U.S. summit and his decision to give citizens full access to the vicinity of the presidential compound, a survey indicated Monday.

In the Realmeter survey conducted from Monday to Friday, 75.3 percent approved of Moon's job performance, up 1.1 percentage points from the previous week.

Obama in S. Korea to attend conference

SEOUL -- Former U.S. President Barack Obama will attend a conference in Seoul on Monday to deliver a speech on leadership, organizers and embassy officials said.

Obama arrived at Gimpo International Airport on Sunday night, along with his wife Michelle Obama and two daughters.

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