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Yonhap News Summary

All News 13:32 October 08, 2020

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

N. Korea could unveil new ICBM or SLBM in this week's military parade: unification ministry

SEOUL -- North Korea could unveil newly developed strategic weapons, such as an intercontinental ballistic missile (ICBM), during this week's widely expected military parade in a bid to strengthen internal unity amid economic difficulties, the unification ministry said Thursday.

Other new weapons the North could show off include a transporter erector launcher vehicle and a submarine-launched ballistic missile (SLBM), the ministry said in a report to the parliamentary audit. The parade is expected to take place Saturday to mark the 75th anniversary of the ruling Workers' Party.

(LEAD) Virus cases fall back to double digits; potential spike still worrisome

SEOUL -- South Korea's daily new infections rose by double digits on Thursday, while the country is still worried over a possible resurgence of new infections after a long holiday.

The country added 69 COVID-19 cases, including 60 local infections, raising the total caseload to 24,422, according to the Korea Disease Control and Prevention Agency (KDCA).

(LEAD) Samsung's Q3 earnings best in 2 yrs on Huawei effect, mobile recovery

SEOUL -- Samsung Electronics Co. on Thursday expected its third-quarter profit to be the largest in two years, as its chip business got a boost from U.S. sanctions on Huawei Technologies Co. and its mobile sales bounced back on pent-up demand amid the pandemic.

In its earnings guidance, the South Korean tech giant estimated its operating profit at 12.3 trillion won (US$10.6 billion) for the July-September period, up 58.1 percent from a year ago.

(LEAD) Moon hopes for S. Korea-U.S. collaboration on declaring end to Korean War

SEOUL -- President Moon Jae-in proposed Thursday that South Korea and the United States join forces to declare a formal end to the 1950-53 Korean War, saying it's a way to open the door for peace on the peninsula and make the alliance even greater.

"I hope that our two countries work toward the end-of-war declaration and draw active participation from the international community in this regard," he said in a video speech for the Annual Gala Dinner of the Korea Society. Based in New York, the private and nonprofit organization has long campaigned to promote ties between the allies.

(LEAD) Seoul's trade minister among 2 finalists in race for new WTO chief: report

SEOUL -- South Korean Trade Minister Yoo Myung-hee has made it onto the shortlist of two finalists in a race to become the new chief of the World Trade Organization (WTO), a news report said Thursday.

The South Korean candidate will now compete with Ngozi Okonjo-Iweala from Nigeria for the top seat, Reuters reported, citing three unidentified sources.

(LEAD) Defense chiefs of S. Korea, U.S. reaffirm commitment to alliance

SEOUL/WASHINGTON -- Defense Minister Suh Wook and U.S. Secretary of Defense Mark Esper held phone talks on Thursday and reaffirmed their commitment to a strong alliance and a firm combined defense posture, the defense ministry said.

The call marked the first talks between the two since Suh took office as defense minister last month.

N. Korea's media-carried criticism against South jumped more than sixfold last year: data

SEOUL -- North Korea's issuance of media-carried criticism against South Korea soared more than sixfold last year from a year ago amid frosty inter-Korean relations, government data showed Thursday.

According to the unification ministry data submitted to Rep. Kim Gi-hyeon of the main opposition People Power Party, North Korea's three mainstream media outlets carried a total of 981 news pieces critical of Seoul in 2019.

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