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Yonhap News Summary

All News 13:30 July 07, 2017

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

(LEAD) S. Korea likely to propose talks to N.K. following Moon's peace gesture

SEOUL -- South Korea said Friday it is considering proposing military and Red Cross talks to North Korea to follow up on President Moon Jae-in's offer to stop all acts of hostility on the border and hold reunions of separated families.

Moon unveiled his broad vision for bringing peace to the Korean Peninsula during his speech in Berlin on Thursday, two days after the North test-fired an intercontinental ballistic missile (ICBM).

(3rd LD) Samsung posts surprise, record-high operating profit for Q2

SEOUL -- South Korean tech giant Samsung Electronics Co. predicted Friday that its second-quarter operating profit shot up nearly 72 percent on-year to post a record-high quarterly level, apparently helped by the robust performance of its chip business.

The stronger-than-expected operating profit was estimated at 14 trillion won (US$12.1 billion), compared with 8.14 trillion won posted a year earlier, the company said in its regulatory filing.

(LEAD) Leaders of S. Korea, U.S. Japan agree to draw tougher UNSC sanctions on N. Korea

SEOUL -- Leaders of South Korea, Japan and the United States agreed to work together for tougher sanctions by the international community against North Korea for its latest missile provocation that hinted at its ability to target most countries in the world, South Korea's presidential office said Friday.

"The leaders agreed on the importance and need of intensified pressure on North Korea," it said.

(LEAD) Trump warns of 'pretty severe things' against N. Korea

WASHINGTON -- U.S. President Donald Trump said Thursday he's thinking about "some pretty severe things" to do against North Korea after the communist nation test-fired an intercontinental ballistic missile capable of striking the U.S.

Trump made the remark in Poland after talks with Polish President Andrzej Duda. He didn't specify what those severe things are, but military options could be among them.

Moon's rating further gains amid growing N. Korea tension

SEOUL -- President Moon Jae-in's approval rating further rose this week, a poll showed Friday, as he has stepped up diplomatic efforts to rein in North Korea's nuclear and missile threats and strengthen the alliance with the United States.

The approval rating on his job performance came to 83 percent, up 3 percentage points from a week earlier, according to a survey by Gallup Korea.

S. Korean judge set to be elected as head of ICC's management body

SEOUL -- A South Korean judge is set to be elected the head of the management body at the International Criminal Court (ICC), the foreign ministry here said Friday.

The ICC's bureau has recently decided to recommend Kwon O-gon, who formerly served as vice president of the International Criminal Tribunal for the former Yugoslavia, as the next president of the ICC's Assembly of States Parties, according to the Ministry of Foreign Affairs.

N.K. unable to export coal for 2 straight months amid sanctions

SEOUL -- North Korea was unable to export its coal for two consecutive months in May amid global restrictions on its ability to secure hard currency needed for advancing its nuclear and missile capabilities, data by the United Nations showed Friday.

According to the data, there were no member countries that reported that they purchased coal from the North in May. This followed no North Korean coal exports tallied in April.

S. Korean stocks down late Friday morning

SEOUL -- South Korean stocks traded lower late Friday morning, as investors opted to cash in recent gains. Samsung, the top cap here, slid after reporting its all-time high earnings for the second quarter.

The benchmark Korea Composite Stock Price Index (KOSPI) shed 5.30 points, or 0.22 percent, to 2,382.51 as of 11:15 a.m.

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