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Yonhap News Summary

All News 17:00 July 11, 2017

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

(2nd LD) Moon urges opposition parties to approve extra budget

SEOUL -- President Moon Jae-in again urged the opposition parties Tuesday to approve the government's request for an extra budget, calling it an urgent issue imperative to the economic recovery.

"At the Group of 20 summit, all international organizations, including the Organization for Economic Cooperation and Development, diagnosed the global economy as being in a recovery phase," the president said in a Cabinet meeting, according to pool reports.

(LEAD) State audit agency asks for probe over duty-free licensing

SEOUL -- South Korea's state audit agency on Tuesday requested that the prosecution probe the customs service over a suspected illicit selection of duty-free operators in 2015.

The Board of Audit and Inspection (BAI) raised suspicions that the Korea Customs Service (KCS) arbitrarily applied rules to eliminate Hotel Lotte Co. from receiving a license to run a duty-free store in Seoul in its July and November biddings.

S. Korea's foreign ministry launches task force for organizational reform

SEOUL -- South Korea's foreign ministry on Tuesday launched a task force to spearhead organizational reforms aimed at strengthening its overall capability and efficiency.

The task force is led by Oh Yeoung-ju, a special advisor to Foreign Minister Kang Kyung-wha, and comprises three divisions in charge of personnel, organization and renovation, according to the ministry.

Opposition party member undergoes hearing on arrest warrant in fake tip-off scandal

SEOUL -- A Seoul court was set to make a decision on the prosecution's request for an arrest warrant for a former senior member of the minor opposition People's Party on Tuesday over his suspected role in fabricating evidence used in a negative campaign against President Moon Jae-in during the May presidential election.

Lee Jun-seo, then a supreme council member of the party, is accused of violating the election law by providing the party with unverified information about an illicit hiring of Moon Joon-yong, the president's son, by a public agency in 2006.

(LEAD) Conglomerates pledge to voluntarily do away with unfair practices

SEOUL -- South Korea's top 15 conglomerates said Tuesday they will voluntarily overhaul unfair practices without any intervention from the government, a local business lobby said.

In a meeting with Lee Dong-geun, vice chairman of the Korea Chamber of Commerce and Industry (KCCI), 15 business leaders agreed with general calls that companies should overhaul themselves instead of dealing with stricter regulatory oversight due to unfair practices and lack of transparency, the KCCI said in a statement.

KAI wins US$557 million contract to supply wing component to Boeing

SEOUL -- South Korea's sole aircraft maker said Tuesday it won a 641.1 billion-won (US$557 million) contract to supply a key wing component to U.S. aerospace company Boeing for the next 13 years.

The Korea Aerospace Industries (KAI) said it will be the exclusive supplier of wing ribs for Boeing's new series of wide-body twin-engine jet airliners, the B777x, until the end of 2030. Ribs are forming elements that create the structure of the wings.

Singer-actor Im Si-wan joins Army

SEOUL -- Actor Im Si-wan, who also is a member of ZE:A, joined the Army on Tuesday, becoming the fifth member of the nine-member boy group to begin mandatory military service.

He entered a boot camp in Yangju, just north of Seoul, to receive five weeks of basic training. Hours before entering the camp, he had a brief event at a nearby venue to say goodbye to his fans. About 200 fans gathered there to see him off.

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