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Yonhap News Summary

Yonhap News Summary 13:32 October 23, 2018

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

Parties clash over Cabinet's approval of Sept. inter-Korean summit deal

SEOUL -- Rival parties on Tuesday clashed over the Cabinet's approval of an inter-Korean summit agreement in September prior to parliamentary ratification of the April summit deal clinched between the two Koreas.

The ruling Democratic Party (DP) defended the move, calling on the parliament to ratify the Panmunjom Declaration clinched in April. But conservative opposition parties denounced it, saying that the Moon Jae-in government is disregarding the National Assembly.

Lotte to invest 50 tln won, create 70,000 new jobs in next 5 years

SEOUL -- South Korean retail giant Lotte said Tuesday it will invest 50 trillion won (US$44 billion) and create 70,000 new jobs in the next five years in its first major business decision following its chief's return to management.

Of the total, 12 trillion won is planned to be spent next year, particularly on enhancing its online business in the retail sector and expanding facilities for its chemicals business in Indonesia and the United States, the company said in a statement.

(LEAD) Cabinet approves inter-Korean summit deal before Moon ratifies it

SEOUL -- The Cabinet on Tuesday approved a wide-ranging peace agreement reached with North Korea at last month's third summit between President Moon Jae-in and North Korean leader Kim Jong-un in a procedural step necessary for Moon to sign and ratify the deal.

The move came after the Ministry of Government Legislation concluded that the Pyongyang Joint Declaration does not need parliamentary consent for ratification because an earlier, overarching agreement, the Panmunjom Declaration reached at April's first summit between Moon and Kim, is going through a parliamentary ratification process.

S. Korea files complaint over use of N. Korean anthem at youth football tournament

SEOUL -- South Korea's football governing body said Tuesday it has filed a complaint against the Asian Football Confederation (AFC) for playing the North Korean national anthem ahead of its national youth football team match.

The Korea Football Association (KFA) said that the national anthem of North Korea was played ahead of the match between South Korea and Jordan at the 2018 AFC U-19 Championship in Bekasi, Indonesia, on Monday.

Pyongyang Declaration will accelerate denuclearization: Moon

SEOUL -- The inter-Korean agreement reached at the latest South Korea-North Korea summit in Pyongyang will help further accelerate the North's denuclearization process while creating new economic opportunities for the South, President Moon Jae-in asserted Tuesday.

The president insisted the agreement will also help promote human rights in the communist North.

Pope expresses strong willingness to visit N. Korea: S. Korean bishop

VATICAN CITY -- Pope Francis has given the impression that he has a strong willingness to visit North Korea, a senior South Korean bishop said Monday.

Lazarus You Heung-sik, who heads the Daejeon diocese, spoke in an interview with Yonhap News Agency at Casa Santa Marta in the Vatican, three days after the pope indicated during a meeting with South Korean President Moon Jae-in that he may visit the North.

BLACKPINK signs contract with Interscope Records to enter U.S. market

SEOUL -- Sensational K-pop girl group BLACKPINK has signed a contract with Interscope Records, a major music label under Universal Music Group, to tap into the U.S. pop market, the band's Korean management agency said Tuesday.

Interscope has published music of such high-profile American artists as Eminem, Kendrick Lamar, Maroon 5 and Lady Gaga.

Samsung starts sales of triple camera Galaxy A7 in home market

SEOUL -- Samsung Electronics Co. on Tuesday started sales of the Galaxy A7 smartphone equipped with three rear-facing cameras in South Korea, which is set to compete with LG Electronics Inc.'s new flagship model.

The South Korean tech giant released the Galaxy A7 with a price tag of 499,400 won (US$441), which is relatively affordable compared with the main Galaxy Note 9 that is priced above 1 million won.

N. Korea's media report on inter-Korean talks on forestry cooperation

SEOUL -- North Korea's state media Tuesday reported on inter-Korean talks held a day earlier, saying that they discussed "practical" issues and "step-by-step" measures for forestry cooperation.

The two Koreas held the meeting Monday at their joint liaison office in the North's border town of Kaesong and agreed to work together in combating pine tree pests until March and modernizing North Korean tree nurseries in phases.

BTS leader RM releases 7-track mixtape featuring Honne, Korean artists

SEOUL -- RM, the leader of the K-pop boy band BTS, released on Tuesday a package of seven autobiographical songs featuring British musician Honne and two other Korean artists.

The free-of-charge mixtape, "mono.," was uploaded on BTS' Twitter account and other music-sharing online services.

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