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Yonhap News Summary

All Headlines 13:28 November 09, 2017

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

(2nd LD) Three U.S. aircraft carriers set for joint drill near Korea

SEOUL/WASHINGTON -- Three U.S. aircraft carriers will soon conduct a rare combined exercise in the Western Pacific, the U.S. military announced Thursday, as President Donald Trump is traveling to Asia.

The three carriers -- USS Ronald Reagan, USS Nimitz and USS Theodore Roosevelt -- are also expected to train together with South Korea's Navy in the East Sea.

S. Korean, Indonesian leaders set for bilateral summit

JAKARTA -- The leaders of South Korea and Indonesia were set to hold their bilateral summit Thursday with their discussions expected to focus on ways to improve cooperation and joint efforts to denuclearize North Korea.

The summit between South Korean President Moon Jae-in and Indonesian President Joko Widodo was set to begin later in the day, marking the first of its kind.

BOK to maintain current monetary stance, rate hike likely on market conditions

SEOUL -- South Korea's central bank said Thursday that it will maintain the current monetary easing stance but may raise rates if market conditions are favorable.

"We plan to maintain our stance of monetary policy accommodation, as the inflationary pressures on the demand side are not expected to be high, although the trend of domestic economic growth is likely to continue," the Bank of Korea (BOK) said in a report submitted to the National Assembly earlier in the day.

(LEAD) Financial regulator pledges reform in hiring practices after scandals

SEOUL -- The Financial Supervisory Service (FSS) said Thursday it will reform its hiring practices after a series of irregularities emerged of new employees having ties with influential figures.

The FSS has been under fire after state auditors found in September that senior FSS officials gave special favors to some job candidates who are relatives of politicians and senior financial executives.

Finance minister vows greater effort to push forward higher minimum wage

SEJONG/SEOUL -- South Korea's top economic policymaker said Thursday he will push forward President Moon Jae-in's key policy goal of raising the minimum wage, which is seen as vital for fueling economic growth.

"In order to achieve income-led economic growth, it is important for the government to help workers have enough earned income. A higher minimum wage is a starting point," Finance Minister Kim Dong-yeon said in a ministerial meeting in Seoul. "The government will strive to have the minimum wage policy take deep root."

Former sex slave, 'Dokdo Shrimp' at Trump dinner spark new S.Korea-Japan row

SEOUL -- A fresh diplomatic spat is brewing between South Korea and Japan over the presence of a victim of Japan's wartime sexual slavery at the recent state dinner in Seoul for visiting U.S. President Donald Trump.

Japanese officials reacted angrily, saying the invitation of the "comfort woman" breaches the spirit of a 2015 agreement to settle the longstanding dispute between the two neighbors.

Japanese women form largest group of hallyu-related visitors

SEOUL -- More than 70 percent of foreign visitors who come to South Korea for Korean Wave events are Japanese, a study said Thursday.

An analysis by Kwon Tae-il of the Korea Culture and Tourism Institute showed that among tourists who participated in K-pop, traditional festivals and other cultural events that are broadly called "hallyu," 74.8 percent are from Japan. Chinese visitors come next with 18.4 percent, followed by 3.8 percent from Hong Kong, 0.8 percent from Malaysia, 0.7 percent from Thailand and 0.4 percent from Taiwan.

(Yonhap Feature) Young N.K. defectors speak of hardship, dream in English

SEOUL -- Lee Su-jin (an alias), a 14-year-old North Korean defector, and her mother had to eat snow while crossing a desert in Mongolia in the freezing winter years ago during their long journey to escape from their impoverished, repressive home country.

Lee finally settled down in South Korea, but her heart aches whenever she thinks about her father and elder brother, who were repatriated by Chinese police to North Korea as they traveled. But she says she will do her best for her future and wishes to be reunited with her beloved ones someday.

S. Korea's auto exports decline 18.3 pct in October

SEOUL -- South Korea's exports of automobiles retreated 18.3 percent last month compared to a year earlier due to fewer working days during the long Chuseok holiday, government data showed Thursday.

The total value of vehicles shipped overseas reached US$2.89 billion in October, down 12.8 percent from a year earlier, according to the data compiled by the Ministry of Trade, Industry and Energy.


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