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Yonhap News Summary

All Headlines 12:30 May 08, 2018

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

Moon calls for improved ties between Japan, N. Korea

SEOUL -- South Korean President Moon Jae-in vowed efforts to help Japan improve its ties with North Korea, calling it a key to denuclearizing the North and enhancing peace and stability in the countries' shared region.

"Japan can play a very important role for peace and prosperity on the Korean Peninsula. It is partly in that the normalization of North Korea-Japan relations may be a necessary part of a security guarantee for North Korea and that close cooperation between South Korea, the United States and Japan may be necessary for complete denuclearization (of the Korean Peninsula)," Moon said in an interview with Japan's Yomiuri Shimbun published Tuesday.

Trump looks forward to meeting Kim: White House

WASHINGTON -- U.S. President Donald Trump is looking forward to meeting with North Korean leader Kim Jong-un, and an announcement on the date and location could come soon, the White House said Monday.

Trump said Friday that the date and site have been set, but did not give details.

Positive image of N. Korean leader surges among S. Korean students: poll

SEOUL -- The number of South Korean college students with favorable perceptions of North Korean leader Kim Jong-un has surged about 10-fold following the historic inter-Korean summit talks in April, a poll released on Tuesday showed.

In the survey of freshmen at Kookmin University in Seoul, 48.3 percent said they came to have a positive image of Kim after his summit with South Korean President Moon Jae-in on April 27 at the border peace village Panmunjom.

New top financial regulator calls for tighter risk management, independence

SEOUL -- South Korea's top financial regulator on Tuesday stressed independence as a key virtue of his institution so it can fully serve its role of managing financial risks.

Yoon Suk-heun, 70, made the remarks upon taking office as the chief of the Financial Supervisory Services (FSS).

S. Korea needs efforts to avoid U.S. anti-dumping moves: report

SEOUL -- South Korea needs more attention to avoid U.S. anti-dumping moves as the bulk of its exports to the world's No. 1 economy overlaps with already regulated Chinese goods, a report said Tuesday.

According to the report by the Korea International Trade Association (KITA), 90 percent of South Korean exports subject to U.S. anti-dumping moves are the same types of Chinese-made products that the U.S. regulates to protect its domestic industries.

Two Koreas communicate under unified standard time zone

SEOUL -- South and North Korea communicated on Tuesday under their unified time zone for the first time in nearly three years, a unification ministry official said.

The North called South Korean officials through the liaison office established at the truce village of Panmunjom at 9:03 a.m., the official said on condition of anonymity.

Samsung BioLogics expresses concerns over FSS's leak of sensitive information

SEOUL -- South Korea's major biopharmaceutical firm Samsung BioLogics Co., which has been embroiled in an alleged violation of accounting rules, on Tuesday expressed concern over the financial watchdog's disclosure of sensitive information.

"We express deep concern and regret over the situation where sensitive information surrounding the case, which is under inspection, has been disclosed (to the public)," Samsung BioLogics said in a statement targeting the Financial Supervisory Service (FSS).

Samsung executive probed over alleged labor union sabotage

SEOUL -- Prosecutors were set to question an executive of Samsung Electronics Co.'s after-service affiliate Tuesday over allegations that his company carried out an organized scheme to disrupt labor union activities among workers.

The Seoul Central District Prosecutors' Office will begin interrogating Choi Pyeong-seok, a senior executive at Samsung Electronics Service, at 10 a.m., the office said.

'Avengers' dominates box office again, surpasses 9 mln in attendance

SEOUL -- "Avengers: Infinity War" continued its box office reign while breaking another record in its second weekend in South Korean theaters.

The Marvel superhero epic added about 1.98 million admissions from Friday to Sunday, according to computerized figures from the Korean Film Council (KOFIC).

Party floor leaders meet in talks to normalize parliament

SEOUL -- The floor leaders of the four political parties met Tuesday to try to resolve contentious issues ahead of a deadline set for later in the day to normalize the National Assembly.

South Korea's ruling and opposition parties have been at loggerheads over a set of issues, including a proposed independent counsel probe into an online opinion rigging scandal.

Moon calls on parliament to pass supplementary budget bill

SEOUL -- President Moon Jae-in urged the National Assembly on Tuesday to quickly review the government bill on a supplementary budget to improve people's livelihoods.

"It has been over a month since the government submitted the bill on a supplementary budget to the parliament, but the parliament has not even once reviewed it," the president said in a Cabinet meeting held at his office Cheong Wa Dae.


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