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Yonhap News Summary

Yonhap News Summary 16:54 October 08, 2018

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

(2nd LD) N.K. leader expresses belief in 'good program' for 2nd summit with Trump

SEOUL -- North Korean leader Kim Jong-un has expressed his belief that a "good program" will be arranged "sooner or later" for his second summit with U.S. President Donald Trump, the North's state media said Monday.

Kim voiced his optimism as he said goodbye to U.S. Secretary of State Mike Pompeo, who made a one-day trip to Pyongyang on Sunday to keep denuclearization talks going and also to discuss a second summit between Kim and Trump following their first historic talks in June, according to the Korean Central News Agency (KCNA).

N.K. cargo jet's Vladivostok flight suggests Kim's Russia visit imminent

SEOUL/BEIJING -- A North Korean cargo plane reportedly arrived in Russia's Vladivostok on Sunday, triggering speculation that North Korean leader Kim Jong-un's Russia visit may be imminent.

According to live flight tracker Flightradar24 and sources on Monday, North Korean carrier Air Koryo's P-914 Ilyushin-76 cargo jet landed at Vladivostok's airport from Pyongyang the previous day.

(LEAD) Seoul to take all necessary steps to create more jobs

SEJONG -- The government will take all necessary steps to improve the country's dismal job market as employment conditions in September are widely expected to remain disappointing, the finance ministry said Monday.

During a policy review meeting in Seoul, Finance Minister Kim Dong-yeon and other economy-related ministers shared the view that each ministry must seek to mobilize all possible options to help out with employment.

S. Korean activists demand Japan not dump Fukushima's radioactive water into the sea

SEOUL -- South Korean environmental groups on Monday urged Japan to reverse its recent decision to release radioactive water that has accumulated in the Fukushima nuclear plant into the sea after treatment.

Korea Radioactive Watch, the Korean Federation For Environmental Movement and other civic groups held a joint news conference in Gwanghwamun Square in downtown Seoul, denouncing the decision by the Japanese government and Tokyo Electric Power Co. to discharge Fukushima's contaminated water into the ocean as "unacceptable."

Banks to be tougher on lending screening in Q4: BOK poll

SEOUL -- South Korean lenders are expected to be more fastidious in extending loans in the fourth quarter of 2018 as the government is tightening administrative and financial measures to curb soaring real estate prices, a central bank poll showed Monday.

The overall index measuring banks' "attitude" toward extending home-backed loans to households came to minus 30 for the October-December period, compared with minus 23 a quarter earlier, according the Bank of Korea (BOK).

(LEAD) Seoul shares close lower for six straight sessions

SEOUL -- South Korean stocks extended their losing streak to six sessions on Monday as concerns over a faster pace of U.S. rate rises caused foreigners to remain net sellers. The local currency fell to an eight-week low against the U.S. greenback.

The benchmark Korea Composite Stock Price Index (KOSPI) lost 13.69 points, or 0.6 percent, to close at a seven-week low of 2,253.83. The index has been declining since Sept. 28.

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