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Yonhap News Summary

All Headlines 13:38 September 21, 2018

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

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N. Korea had proposed Moon extend stay for another day: official

SEOUL -- North Korea had suggested President Moon Jae-in extend his stay in the country for another day, but the South had to turn down the proposal due to its own circumstances, the presidential spokesman said Friday.

Presidential spokesman Kim Eui-kyeom also cited a North Korean official as saying that they made preparations for the possibility of Moon staying in the country for another day after visiting Mount Paekdu on Thursday.

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(LEAD) Gov't to supply 300,000 public homes from 2021

SEOUL -- The South Korean government will supply 300,000 public homes starting in 2021 in a move to stabilize the overheated real estate market, the land ministry said Friday.

The government will complete the purchase of properties needed to build the public houses in Seoul, Incheon and Gyeonggi Province by the first half of 2019 and gradually start providing the public homes two years later, the Ministry of Land, Infrastructure and Transport said in a statement.

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(LEAD) Regulator to grant 2 Internet-only bank permits next year

SEOUL -- The financial regulator said Friday it will give preliminary approval next year for two groups to launch Internet-only banks, as the government aims to reinvigorate the banking industry.

Choi Jong-ku, chairman of the Financial Services Commission (FSC), made the remarks a day after the National Assembly passed a bill that allows non-financial firms to boost their stake in Internet-only banks beyond the 4 percent ownership ceiling. Two Internet-only banks -- K-Bank and Kakao Bank -- were launched last year.

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Fractured rotor mast caused deadly marine chopper crash: probe team

SEOUL -- The crash of a marine chopper in July that killed five troops was caused by a fracture of the rotor mast, an inquiry team said Friday.

Announcing the results of its investigation, the team of civilian, government and military experts said that a foreign subcontractor that produced the rotor mast mistakenly used a water cooling-type heat treatment program when it was supposed to use an air cooling-type program.

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Opposition lawmaker's office raided in probe of gov't budget files leak

SEOUL -- Prosecutors raided a veteran opposition lawmaker's office Friday as part of an investigation into allegations his aides accessed digital files on fiscal budgets and other confidential statistics without clearance.

Investigators from the Seoul Central District Prosecutors' Office searched the office of Rep. Shim Jae-chul of the main opposition Liberty Korea Party (LKP) at the National Assembly.

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S. Korea's exports up 21.6 pct in first 20 days of September

SEJONG -- South Korea's exports shot up 21.6 percent on-year during the first 20 days of September, due to a rise in outbound shipments of chips and petrochemical goods, customs data showed Friday.

The country's outbound shipments reached US$36.5 billion in the September 1-20 period, according to the Korea Customs Service (KCS).

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(Yonhap Feature) Overtourism challenges plague S. Korea's top attractions

SEOUL -- Kim Nam-soon recently got a job at Bukchon Hanok Village in downtown Seoul.

Her duty is to maintain order in the village filled with traditional Korean houses, or "hanok," when tourists flood through the narrow alleys. No yelling, no fly-tipping and no photos of residents without their permission.

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(LEAD) Trump announces names of identified Korean War remains

WASHINGTON -- U.S. President Donald Trump on Thursday announced the names of two American soldiers whose remains were identified following their return from North Korea in July.

In a tweet, Trump said the soldiers who fought in the 1950-53 Korean War were Army Master Sgt. Charles H. McDaniel, 32, of Vernon, Indiana, and Army Pfc. William H. Jones, 19, of Nash County, North Carolina.

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