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Yonhap News Summary

Politics 13:30 November 13, 2018

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

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(2nd LD) Report of N. Korea's 'undisclosed' missile bases not new, S. Korea says

SEOUL/WASHINGTON -- South Korea's presidential office on Tuesday played down a new report on North Korea's "undisclosed" missile sites, saying the state intelligence communities of South Korea and the United States earlier acquired relevant information.

Cheong Wa Dae added that it's going too far to call the North's continued activity a "great deception" given that it has no specific agreement to dismantle or disclose the facilities mentioned in the report issued by Beyond Parallel, a group at the Center for Strategic and International Studies (CSIS).

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(LEAD) S. Korea's unification minister to visit U.S. to discuss North Korea issues

SEOUL -- South Korea's unification minister left for the United States on Tuesday for a five-day visit amid speculation over possible differences between the two allies over how to achieve North Korea's denuclearization.

Minister Cho Myoung-gyon is likely to meet Secretary of State Mike Pompeo and other officials and experts to discuss issues of the North's denuclearization and inter-Korean relations, the ministry said.

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(LEAD) Moon leaves for Singapore to take part in ASEAN summits

SEOUL -- President Moon Jae-in left for Singapore Tuesday for annual summits with Southeast Asian nations and their dialogue partners as he strives to bolster relations with the region and drum up international support for his initiative for peace with North Korea.

During the three-day visit, Moon is scheduled to attend a trio of annual summits hosted by the Association of Southeast Asian Nations (ASEAN) -- a Korea-ASEAN summit, an ASEAN Plus Three summit also involving China and Japan and the broader East Asia Summit.

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(LEAD) Ryu Hyun-jin to stay with Dodgers for 1 more year after accepting qualifying offer

SEOUL -- South Korean free agent pitcher Ryu Hyun-jin has accepted the qualifying offer from the Los Angeles Dodgers, opting to stay with the club for one more year after six seasons together instead of testing the open market.

The Major League Baseball Players Association (MLBPA) said Monday (local time) that Ryu decided to accept the one-year offer worth US$17.9 million -- the mean salary of the 125 highest-paid players. The deadline to accept or reject the offer fell at 5 p.m. (Eastern Standard Time) Monday, or 7 a.m. Tuesday in Seoul. Ryu was the only one of seven players who received the qualifying offer to accept it this year, and the sixth out of 80 to do so since the qualifying offer system was introduced in 2012.

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BOK chief Lee Ju-yeol elected to BIS board

SEOUL -- Bank of Korea (BOK) Gov. Lee Ju-yeol has been elected to the board of the Bank of International Settlement (BIS), the central bank in South Korea said Tuesday.

At the BIS board of directors meeting in Basel, Switzerland, on Sunday (local time), Lee became the 11th member of the 18-person panel, according to the BOK.

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(LEAD) Reigning S. Korean baseball champions name new manager

SEOUL -- The 2018 South Korean baseball champions SK Wyverns named a new manager on Tuesday, only hours after winning their first title in eight years.

The Korea Baseball Organization (KBO) club announced general manager Yeom Kyung-yup will come down from the front office to take the helm on the bench, replacing outgoing skipper Trey Hillman.

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External headwinds to weaken S. Korean economy: Moody's

SEOUL -- South Korea's economic growth will decelerate over the next couple of years along with the global slowdown amid waning demand and trade frictions, Moody's Investors Service said Tuesday.

The global ratings agency, however, noted that most local companies are forecast to enjoy stable corporate earnings next year thanks to the overall macroeconomic conditions.

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(LEAD) BTS begins Asian tour, tops Oricon weekly chart

SEOUL -- Globally popular South Korean boy band BTS has topped Japan's Oricon weekly singles chart with its new Japanese single.

The band's ninth Japanese single "Fake Love/Airplane pt. 2" took the first place on the chart with 454,829 Oricon points, according to the chart updated Tuesday. The score is counted based on album sales.

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