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Yonhap News Summary

All Headlines 17:04 September 27, 2018

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

N. Korea promotes east coast tourist area, ski resort

SEOUL -- North Korea's official media on Thursday promoted its east coast tourist area and nearby ski resort to the outside world on the occasion of the Day of World Tourism.

The General Assembly of the World Tourism Organization held in Spain in 1979 decided to mark September 27 every year as the Day of World Tourism, and North Korea joined the organization in 1987, according to Pyongyang media.

The Rodong Sinmun, the organ of the North's Workers' Party of Korea (WPK), said that tourism is one of the important spheres promoting worldwide visits and exchanges, mutual cooperation and understanding and friendship and that the North's tourism is entering a fresh phase of its development.

Moon shares Kim's intention to focus on economy to Trump

SEOUL -- President Moon Jae-in has delivered North Korean leader Kim Jong-un's message to U.S. President Donald Trump that he wants to complete denuclearization so as to focus on economic development, Prime Minister Lee Nak-yon said Thursday.

Lee made the remark during a Cabinet meeting, referring to Moon's talks with Trump held in New York earlier this week and stressing that a new history of peace is unfolding on the Korean Peninsula and that such a historic chance must be seized.

"Chairman Kim Jong-un's intention to achieve denuclearization so that he can concentrate on economic development has been delivered to U.S. President Donald Trump and to the world via President Moon Jae-in," Lee said.

Samsung's board chairman, dozens of others indicted for hampering union activities

SEOUL -- Lee Sang-hoon, Samsung Electronics Co.'s chairman of the board, and other executives were indicted Thursday for hampering labor union activities at its after-sales services affiliate.

The prosecutors charged 16 former and incumbent officials from Samsung Electronics and Samsung Electronics Services without physical detention, as they announced the result of their five-month investigation into South Korea's richest conglomerate over violation of labor laws.

The Seoul Central District Prosecutors' Office has also indicted seven chiefs of Samsung Electronics Services' subcontractors and three officials from the Korea Employers Federation for cooperating with Samsung in the scheme. A total of 32 persons and entities have been charged in the case.

They are accused of preventing employees from setting up or engaging in labor union activities since 2013. They pressured employees to quit the labor union, threatened to cut wages of those linked to unions and made subcontractors go under if they were considered union-friendly, according to the prosecution.

(2nd LD) In FM talks, China backs declaration of formal end to Korean War
(ATTN: UPDATES with possible talks with NK minister, other details in last 5 paras)

BEIJING/SEOUL -- China's top diplomat made it clear that his country supports the two Koreas' drive for the declaration of a formal end to the Korean War, according to his ministry Thursday.

Foreign Minister Wang Yi reaffirmed Beijing's position in one-on-one talks with South Korean counterpart Kang Kyung-wha in New York Wednesday (local time).

Wang cited a recent "important change" in the security conditions on the peninsula. The leaders of the two Koreas held another round of summit talks last week, which produced a set of agreements on denuclearization and peace efforts.

(LEAD) Seoul to ease regulations on overseas remittance, allow arrival duty-free shops
(ATTN: RECASTS dateline; ADDS reaction from duty-free industry in last 3 paras)

SEJONG/SEOUL -- South Korea plans to soften regulations on overseas remittance and allow mega-sized investment banking (IB) firms to issue foreign currency-denominated promissory notes, as part of its effort to push for deregulations, the country's finance ministry said Thursday.

The government also plans to allow duty-free shops at arrival terminals in a bid to reduce discomfort experienced by tourists and boost domestic consumption, according to the ministry.

Under a set of deregulation moves unveiled at a meeting of economy ministers, a South Korean in overseas countries can receive up to US$50,000 per day, from the current ceiling of $20,000, without submitting related documents.

(LEAD) summit agreement-ratification
(LEAD) Minor party calls for accurate costing of April summit deal implementation
(ATTN: ADDS more detail throughout)

SEOUL -- The minor opposition Bareunmirae Party (BP) urged the government Thursday to accurately estimate the cost of implementing the April inter-Korean summit agreement if it wants to obtain parliamentary ratification.

The government submitted a proposal earlier this month for the ratification of the so-called Panmunjom Declaration, estimating it may take 298.6 billion won (US$267.6 million) to implement part of the April summit deal next year.

But the main opposition Liberty Korea Party (LKP) and the BP denounced the government for intentionally concealing what could be an astronomical amount of money needed to realize the agreement.

Moon-Trump talks help put denuclearization process back on track: official

SEOUL -- The most important outcome of this week's talks between President Moon Jae-in and U.S. President Donald Trump was that the meeting helped put the sputtering denuclearization negotiations between Washington and Pyongyang back on the right track, a senior presidential official said Thursday.

Moon and Trump met bilaterally Monday (local time) in New York on the sidelines of the U.N. General Assembly. Their talks came just days after Moon held his third summit with North Korean leader Kim Jong-un in an effort to help break the impasse in the negotiations between the United States and the North.

Moon briefed Trump on the outcome of his talks with the North's Kim, and the two leaders discussed ways forward, including what measures the U.S. could take in response to the North's denuclearization steps and how to declare an end to the Korean War.


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