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Yonhap News Summary

Yonhap News Summary 17:06 October 23, 2018

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

(LEAD) 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 the helm.

Of the total, 12 trillion won has been earmarked for use next year, particularly on enhancing the online business in the retail sector and expanding facilities for its chemical business in South Korea, Indonesia and the United States, Lotte Corp., the business group's holding firm, said in a statement.

(LEAD) POSCO Q3 net rises 17 pct on shareholding gains

SEOUL -- POSCO, the world's fourth-biggest steelmaker by output, said Tuesday its third-quarter net profit rose 17 percent from a year earlier on shareholding gains from affiliates.

In the third quarter that ended on Sept. 30, net profit jumped to 1.058 trillion won (US$931 million) from 906.6 billion won a year earlier, the company said in a statement.

NCT 127 lands on Billboard 200 chart as second-highest-charting K-pop boy band

SEOUL -- K-pop boy band NCT 127 landed their latest full-length album on the Billboard chart of the 200 most popular albums, becoming the second-highest-charting Korean male band, the Billboard said Tuesday.

"The 10-member K-pop group sees their 'Regular-Irregular' album debut at No. 86 on the Billboard 200, marking NCT 127's first appearance on America's definitive albums chart," Billboard said, referring to the week ending on Oct. 18.

Croatian foreign minister to visit Seoul this week

SEOUL -- South Korean Foreign Minister Kang Kyung-wha plans to hold talks with her Croatian counterpart in Seoul this week on improving ties between the two countries, Kang's ministry announced Tuesday.

Marija Pejcinovic, Croatia's deputy prime minister and foreign minister, will begin her first official trip here later in the day.

New U.S. Army unit in Korea on rotational mission

SEOUL -- Another U.S. Army combat unit has begun its service in Korea in a rotational deployment program, the U.S. Forces Korea's 2nd Infantry Division said Tuesday.

The 3rd Armored Brigade Combat Team, 1st Armored Division, replaces the 1st Armored Brigade Combat Team, 3rd Infantry Division, which completed its nine-month stint.

A transfer of authority ceremony was held at Camp Humphreys, some 70 kilometers south of Seoul, on Monday.

Seoul expected to implement inter-Korean military agreement next week

SEOUL -- South Korea will likely implement its non-aggression military agreement with North Korea next week, a spokesman for the presidential office Cheong Wa Dae said Tuesday, a move that could be seen as paving the way for the declaration of a formal end to the Korean War.

The remarks came hours after the government passed a bill on the ratification of the military agreement signed in the latest inter-Korean summit held in Pyongyang last month.

(Yonhap Interview) 'Rampant' actor Hyun Bin goes for fun and new movies

SEOUL -- South Korean heartthrob Hyun Bin soared to stardom here and in other Asian countries for his roles in the popular TV series "My Lovely Sam Soon" (2005) and "Secret Garden" (2010).

But he has tried to expand his acting career by going for "something fun and new."

That mantra has led him to taking all different roles, ranging from a distressed king of the Joseon Dynasty in "The Fatal Encounter" (2014) to a North Korean detective in "Confidential Assignment" (2017) to a con artist in "The Swindlers" (2017). He was a hostage-taker in "The Negotiation," which was released a month ago.

(LEAD) S. Korea cautious about Trump's decision to scrap nuclear treaty

SEOUL -- The South Korean government said Tuesday it will closely monitor the aftermath of the U.S. move to annul a Cold War-era nuclear arms treaty with Russia.

The Donald Trump administration announced a decision to exit the 1987 Intermediate-range Nuclear Forces (INF) Treaty. It bans ground-launch nuclear missiles with ranges from 500-5,500 kilometers.

Outfielder faces big shoes to fill after All-Star teammate goes down

SEOUL -- Nexen Heroes' outfielder Kim Kyu-min, in his first career postseason in the Korea Baseball Organization (KBO), finds himself in an unenviable position -- trying to fill in for one of the league's best outfielders.

The Heroes lost their 20-year-old All-Star left fielder Lee Jung-hoo for the rest of the year to a shoulder injury. Lee suffered the injury after making a diving catch in the ninth inning of Game 2 of the first round postseason series against the Hanwha Eagles on Saturday.

(2nd LD) Moon to ratify summit agreement with N. Korea

SEOUL -- President Moon Jae-in prepared Tuesday to ratify last month's summit agreement with North Korean leader Kim Jong-un, as conservative opposition parties cried foul, accusing him of failing to seek parliamentary consent.

The government decided to ratify the Pyongyang Joint Declaration on its own as the Ministry of Government Legislation concluded that parliamentary consent is not necessary 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.


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