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Yonhap News Summary

All Headlines 17:05 September 13, 2018

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


Moon vows efforts to restart denuclearization process at summit with N. Korea

SEOUL-- South Korean President Moon Jae-in said Thursday restarting North Korea's denuclearization process will be a key objective of his upcoming summit with North Korean leader Kim Jong-un, adding that he remains optimistic.

"I do not hold a pessimistic view on the current situation. Though working-level negotiations may be sluggish, the leaders of North Korea and the United States are repeatedly reaffirming their faith in each other," the president said in a meeting with a special group of advisers.


Seoul to provide 122.8 bln won to compensate firms for losses from N.K. trade ban

SEOUL -- South Korea has approved a plan to provide about 122.8 billion won (US$109.5 million) in compensation to companies suffering losses due to government restrictions on trade with North Korea, the unification ministry said Thursday.

Firms eligible for compensation include those suffering a loss as a result of the government's decision in 2008 to stop the tourism program to Mount Kumgang after a tourist was killed by a North Korean solider.


(LEAD) Seoul unveils tougher measures to cool down property prices

SEOUL -- South Korea's government said Thursday that owners of high-value houses and multiple homes will face tougher taxes than originally planned as it strives to rein in soaring housing prices.

Over the past year, the Moon Jae-in government has unveiled a series of measures to curb housing prices that have had little impact on the market.


U.S. proposed talks with China over Korea contingencies: U.S. official

SEOUL -- The United States proposed dialogue with China over potential contingencies on the Korean Peninsula "many times," but Beijing remains unwilling to engage in talks over such a sensitive issue, a senior U.S. defense official said Thursday.

Randall Schriver, assistant secretary of defense for Asian and Pacific security affairs, made the remarks on the sidelines of the Seoul Defense Dialogue hosted by South Korea's defense ministry.


U.S. envoy meets with chiefs of ruling, main opposition parties

SEOUL -- U.S. Ambassador to South Korea Harry Harris met with the chiefs of the ruling and main opposition parties Thursday to exchange views on the denuclearization of the Korean Peninsula and the Seoul-Washington alliance.

Harris visited the National Assembly to meet with Lee Hae-chan, the chairman of the ruling Democratic Party (DP), and Kim Byoung-joon, the interim leader of the opposition Liberty Korea Party (LKP). The new U.S. envoy began his official work in July.

(LEAD) S. Korea's first casino resort to open more entertainment facilities

INCHEON -- South Korea's first casino and hotel complex Paradise City will open more entertainment and leisure facilities next week in a move to attract more local and foreign visitors, its operator said Thursday.

The second round of opening of the 330,000-square-meter resort -- about 46 times the size of a football pitch -- will encompass a new boutique hotel, a spa, a club and a shopping arcade, according to Paradise Segasammy Co., the operator of Paradise City.

S. Korea eyes hosting Olympic baseball qualifiers in 2019

SEOUL -- South Korea is hoping to host preliminary games of an Olympic baseball qualifying tournament next year, the operator of the top domestic pro league said Thursday.

The Korea Baseball Organization (KBO) said its commissioner, Chung Un-chan, met with the president of the World Baseball Softball Confederation (WBSC), Riccardo Fraccari, at the KBO headquarters in Seoul on Thursday. The two discussed having early round games of the 2019 Premier 12 tournament in Seoul in November 2019.


N. Korean leader thanks participants in birthday events

SEOUL -- North Korean leader Kim Jong-un has expressed gratitude to all participants in the North's 70th founding anniversary events in Pyongyang earlier this week, according to the nation's official media on Thursday.

The Rodong Sinmun, the organ of the ruling Workers' Party of Korea (WPK), said in a front-page story that Kim highly praised North Korean participants in the Sept. 9 anniversary rally, a mass gymnastics performance and a youth torchlight procession for turning the birthday into a "grand political festival and a great revolutionary celebration."


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