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Yonhap News Summary

All News 17:26 July 04, 2017

The following is the second summary of major stories moved by Yonhap News Agency on Tuesday.

(2nd LD) N.K. claims it successfully launched ICBM

SEOUL -- North Korea on Tuesday announced the successful launch of its first intercontinental ballistic missile (ICBM), the latest in a series of provocative acts that defy international condemnation.

North Korea test-fired the missile, called the Hwasong-14, under the observance of its leader Kim Jong-un, according to the Korean Central News Agency (KCNA). Kim signed an order for the test-fire, it added.

(5th LD) Moon urges N. Korea not to cross 'point of no return'

SEOUL -- South Korean President Moon Jae-in on Tuesday warned North Korea not to cross a "red line" after it claimed a successful test of its first intercontinental ballistic missile.

Moon urged the North to immediately halt its provocations, saying he is not sure what kind of consequence the communist state will have to face if it crosses the "red line."

(2nd LD) Ex-U-20 football coach to lead S. Korea's senior squad for World Cup

PAJU, South Korea -- Former South Korean under-20 football team boss Shin Tae-yong has been named as the new head coach of the senior national football team, officials here said Tuesday.

The Korea Football Association (KFA)'s technical committee, led by Kim Ho-gon, said Shin will lead the team through the 2018 FIFA World Cup, should South Korea qualify for the tournament.

(LEAD) Seoul stocks dip amid rising geopolitical tension

SEOUL -- South Korean stocks finished sharply lower Tuesday, as investors remained wary of rising geopolitical tension stemming from North Korea's missile launch, analysts said. The Korean won fell against the U.S. dollar.

After a choppy session, the benchmark Korea Composite Stock Price Index (KOSPI) shed 13.96 points, or 0.58 percent, to close at 2,380.52 as uncertainties surrounding North Korea caused investors to cash in recent gains.

Moon names nominee for new prosecutor-general

SEOUL -- President Moon Jae-in on Tuesday tapped an incumbent prosecutor as his nominee for new prosecutor-general.

Moon Moo-il, the incumbent head of the Busan High Prosecutors' Office, has been designated as the country's new top prosecutor, according to the presidential office Cheong Wa Dae.

Moon, 55, joined the prosecution in 1989, three years after passing the national bar exam.

U.S. military identifies N.K. missile as intermediate range

WASHINGTON -- The U.S. Pacific Command has determined that North Korea's latest missile launch was an intermediate-range ballistic missile test.

"The U.S. Pacific Command detected and tracked what we assess was a North Korean missile launch at 2:40 p.m. Hawaii time July 3. The single launch of a land-based, intermediate range ballistic missile occurred near the Panghyon Airfield," the command said in a statement.

Moon, Abe to hold bilateral summit at G-20 meeting

SEOUL -- South Korean President Moon Jae-in and Japanese Prime Minister Shinzo Abe will hold a bilateral summit on the sidelines of the upcoming G-20 summit in Germany, Seoul's presidential office Cheong Wa Dae said Tuesday.

The two will meet early Friday (German time).

"The two leaders are expected to exchange their views on ways to enhance the countries' exchanges and cooperation in a wide range of areas," Cheong Wa Dae said in a press release.

China denounces N. Korea's claimed ICBM launch as violation of U.N. resolutions

BEIJING -- China slammed North Korea's claimed launch of an intercontinental ballistic missile on Tuesday as a violation of United Nations Security Council resolutions.

"Related UNSC resolutions have clear rules on North Korea's ballistic missile technology and activities of (ballistic missile) launches," China's foreign ministry spokesman Geng Shuang said in a press briefing.

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