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President Moon Plans to Meet with Leaders of 5 Major Political Parties

[Politics] : President Moon Jae-in plans to meet with the leaders of the five major parties on Wednesday. …[more…] …

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(LEAD) Moon to meet political party leaders next week

(ATTN: UPDATES with details from 4th para) SEOUL, July 14 (Yonhap) — President Moon Jae-in will host a luncheon with the leaders of South Korea’s five major political parties next week to discuss key pending issues including national security, his ai …

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Moon's approval rating slightly slips but still at record high level

President Moon Jae-in’s approval rating dropped slightly from a week earlier but continues to remain at a record high le …

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KED Asia Real Estate Summit 2017: World's Top Real Estate Experts in One Place

Top real estate experts in the Urban Land Institute, a Washington, D.C.-based think tank, will come to Seoul to discuss issues important to the global real estate industry. They will take part in the Asia Real Estate Summit to be held together with Cityscape Korea 2017. The Korea Economic Daily Asia Real Estate Summit is an international venue in which the world’s real estate professionals talk about the global real estate development market and its future. The third annual summ… …

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Iraqi Ambassador Calls for S. Korea's Participation in Rebuilding Mosul

[Economy] : Iraq’s Ambassador to Seoul is calling on South Korea to participate actively in the reconstruction …[more…] …

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Trump Signals 'Something Could Happen' on U.S. and Climate Accord

U.S. President Donald Trump says “something could happen” regarding the U.S. decision to withdraw from the Paris Climate accord, and he also dismissed the significance of a meeting last year between his son and a Russian lawyer. “Zero happened from the meeting,” Trump told reporters after talks with… …

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U.S. House minority leader: N.K. missile launches 'roadshow' for missile sales

WASHINGTON, July 13 (Yonhap) — The U.S. House minority leader expressed concerns Thursday about the possibility of North Korea transferring missiles and related technology beyond its borders, saying Pyongyang’s missile test-firings could be a “roadsho …

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Bank Deposit Balance Increases by 3 Tril. Won a Month...Bank of Korea

The balance of bank deposits is at a record-high level. Despite the super-low interest rate, investors tend to prefer parking their money in safe instruments rather than risking it in the stock market. The bank deposit balance (savings and demand deposits) has increased by about 3 trillion won a month since early this year. The time at which the deposit balance started rising at a rapid pace coincides with the Bank of Korea’s decision to lower its benchmark interest rate below 2 perce… …

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US Forces Korea got $59.4 million in tax breaks over the last five years

US Forces Korea had at least 67.6 billion won (US$59.4 million) in local taxes waived by Gyeonggi Province and Seoul in the last five years, it was recently learned. From 2012 to 2016, USFK received .. …

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Labor minister nominee quits as parliament deadlock continues

Labor Minister nominee Cho Dae-yop stepped down on Thursday while Song Young-moo has been confirmed as the new minister …

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Is Germany the mecca for reunification dialogue?

President Moon Jae-in enters Berlin’s Old City Hall to speak at the Körber Foundation on July 6. (Cheong Wa Dae) By Min Yea-Ji and Lee Hana President Moon Jae-in’s decision to announce his N …

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Samsung's Lee Jae-yong to Be Sentenced Next Month

The Seoul Central District Court will wrap up the trial of de facto Samsung chief Lee Jae-yong in August. Presiding Judge Kim Jin-dong said Wednesday that he will summon ex-President Park Geun-hye as a witness next Wednesday and her longtime confidante Choi Soon-sil the following Wednesday. The cour… …

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Key Components of Domestic Fighter Jet Radar Unveiled

[Economy] : The Agency for Defense Development(ADD) has disclosed for the first time key components of …[more…] …

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People's Party proposes bill for special probe into both Moon's son, fake tip-off

SEOUL, July 13 (Yonhap) — The minor opposition People’s Party has proposed a bill for an independent counsel probe into allegations around President Moon Jae-in’s son’s employment and a related fake tip-off involving party members, its floor leader sa …

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The absurd spectacle of land sitting off-limits to anyone for years at a time

For close to seven years, the 340,000 square meter plot of land in the Taejang neighborhood of Wonju, Gangwon Province, has been visited by no one. South Koreans are barred from access to the site, wh.. …

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Senior diplomat to visit Europe countries to discuss cooperation

South Korea’s senior diplomat will depart for Europe this week to discuss closer cooperation with Sweden, Britain and th …

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N. Korean Defectors Fleeing to S. Korea Declines Again

[Inter-Korea] : The number of North Korean defectors coming to the South is declining again after posting slight …[more…] …

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Yonhap News Summary

The following is the second summary of major stories moved by Yonhap News Agency on Wednesday. —————— McDonald’s ‘patty controversy’ widens as more complaints filed SEOUL — U.S. fast-food chain McDonald’s is facing further …

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Today's Photo: July 12, 2017

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KAI Wins 720 Bil. Won Orders from Boeing

Korea Aerospace Industries signed a series of deals with Boeing of the United States to supply 720 billion won worth of jet airliner components. Ha Sung-yong, CEO of KAI, who is now in the United States to finalize the deal, is also striving to win the 17-trillion-won advanced pilot training project from the U.S. Air Force. KAI announced on July 11 that it contracted with Boeing to supply 641.1 billion won worth of wing components over the next 13 years. Under the terms of this deal, K… …

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