ID :
74938
Wed, 08/12/2009 - 14:49
Auther :
Shortlink :
https://www.oananews.org//node/74938
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Yonhap News Summary
Yonhap News Summary
The following is the first summary of major stories moved by Yonhap News Agency
on Wednesday.
-----------------
(LEAD) U.S. sanctions another N. Korean bank for WMD involvement: Treasury Dept.
WASHINGTON -- The United States Tuesday blacklisted another North Korean
financial institution for its affiliations with North Korean firms and banks
already sanctioned under U.N. resolutions adopted after North Korea's nuclear and
missile tests in recent years.
In a statement, the Department of Treasury said it has "designated the Korea
Kwangson Banking Corp. (KKBC) under Executive Order (E.O.) 13382 for providing
financial services in support of both Tanchon Commercial Bank (Tanchon) and Korea
Hyoksin Trading Corporation (Hyoksin), a subordinate of the Korea Ryonbong
General Corporation (Ryonbong)."
-----------------
All eyes on Hyundai chief possibly meeting with N.K. leader
SEOUL -- South Korea's Hyundai Group chairwoman was in Pyongyang for a third day
to win the release of a detained employee, drawing keen attention to a possible
meeting with North Korean leader Kim Jong-il later Wednesday.
The rare trip by Hyun Jung-eun has spurred expectations of progress in stalled
inter-Korean relations, reminiscent of former U.S. President Bill Clinton's
Pyongyang visit last week that brought two detained American journalists home in
a positive signal for frayed North Korea-U.S. ties.
-----------------
(LEAD) Downside risks remain amid recovery signs: finance minister
SEOUL -- The global economy is showing signs of a pickup, led by advanced nations
but downside risks linger, weighing on South Korea's export-driven economy,
Seoul's top economic policymaker said Wednesday.
"Recently stock markets in advanced nations such as the U.S. and Japan are
gaining ground and the pace of the economic downturn seems to be easing," Finance
Minister Yoon Jeung-hyun told a weekly crisis management meeting.
-----------------
(Yonhap Interview) Korea Society's new chief frustrated by delay in FTA approval
SEOUL -- The incoming head of a U.S. organization dedicated to the strengthening
of the Korea-U.S. alliance on Wednesday expressed disappointment at the lack of
progress in the U.S. Congress on whether to approve a free trade agreement (FTA)
with South Korea, but forecast the trade deal will eventually be approved.
"I am disappointed that we were not able to move forward more quickly on the FTA.
I think there have been problems on the U.S. side ... many in our Congress have
been concerned about some elements of the agreement," Thomas Hubbard, incoming
chairman of the Korea Society, said during an interview with Yonhap News Agency.
-----------------
(Yonhap Interview) Denuclearization ball now in N. Korea's court: expert
JEJU ISLAND -- The United States has done enough to deliver a message of goodwill
to North Koreans and save face by sending Bill Clinton there, and now it's
Pyongyang's turn to act, a prominent American scholar said Wednesday.
William H. Overholt, senior research fellow at the Harvard Kennedy School,
stressed the Obama administration is expected to show some flexibility in
accordance with "different signals" from the defiant communist nation.
-----------------
World leaders, experts to seek paths to peace, co-prosperity in East Asia
JEJU ISLAND -- The largest international security conference hosted by South
Korea was to open here later Wednesday for discussions on the North Korean
nuclear issue and paths to attain co-prosperity in East Asia.
The 5th Jeju Peace Forum brings together dozens of world leaders, former and
incumbent diplomats, scholars, and journalists under the theme of "Shaping New
Regional Governance in East Asia: A Common Vision for Mutual Benefits and Common
Prosperity."
-----------------
(LEAD) Kia Motors Q2 net quadruples on increased sales
SEOUL -- Kia Motors Corp., South Korea's No. 2 automaker, said Wednesday that its
second-quarter earnings nearly quadrupled as government tax incentives and rising
overseas demand for small cars boosted sales.
Net profit reached 347 billion won (US$278 million) in the April-June period,
compared with a profit of 85.9 billion won year earlier, the company said in a
regulatory filing.
(END)
The following is the first summary of major stories moved by Yonhap News Agency
on Wednesday.
-----------------
(LEAD) U.S. sanctions another N. Korean bank for WMD involvement: Treasury Dept.
WASHINGTON -- The United States Tuesday blacklisted another North Korean
financial institution for its affiliations with North Korean firms and banks
already sanctioned under U.N. resolutions adopted after North Korea's nuclear and
missile tests in recent years.
In a statement, the Department of Treasury said it has "designated the Korea
Kwangson Banking Corp. (KKBC) under Executive Order (E.O.) 13382 for providing
financial services in support of both Tanchon Commercial Bank (Tanchon) and Korea
Hyoksin Trading Corporation (Hyoksin), a subordinate of the Korea Ryonbong
General Corporation (Ryonbong)."
-----------------
All eyes on Hyundai chief possibly meeting with N.K. leader
SEOUL -- South Korea's Hyundai Group chairwoman was in Pyongyang for a third day
to win the release of a detained employee, drawing keen attention to a possible
meeting with North Korean leader Kim Jong-il later Wednesday.
The rare trip by Hyun Jung-eun has spurred expectations of progress in stalled
inter-Korean relations, reminiscent of former U.S. President Bill Clinton's
Pyongyang visit last week that brought two detained American journalists home in
a positive signal for frayed North Korea-U.S. ties.
-----------------
(LEAD) Downside risks remain amid recovery signs: finance minister
SEOUL -- The global economy is showing signs of a pickup, led by advanced nations
but downside risks linger, weighing on South Korea's export-driven economy,
Seoul's top economic policymaker said Wednesday.
"Recently stock markets in advanced nations such as the U.S. and Japan are
gaining ground and the pace of the economic downturn seems to be easing," Finance
Minister Yoon Jeung-hyun told a weekly crisis management meeting.
-----------------
(Yonhap Interview) Korea Society's new chief frustrated by delay in FTA approval
SEOUL -- The incoming head of a U.S. organization dedicated to the strengthening
of the Korea-U.S. alliance on Wednesday expressed disappointment at the lack of
progress in the U.S. Congress on whether to approve a free trade agreement (FTA)
with South Korea, but forecast the trade deal will eventually be approved.
"I am disappointed that we were not able to move forward more quickly on the FTA.
I think there have been problems on the U.S. side ... many in our Congress have
been concerned about some elements of the agreement," Thomas Hubbard, incoming
chairman of the Korea Society, said during an interview with Yonhap News Agency.
-----------------
(Yonhap Interview) Denuclearization ball now in N. Korea's court: expert
JEJU ISLAND -- The United States has done enough to deliver a message of goodwill
to North Koreans and save face by sending Bill Clinton there, and now it's
Pyongyang's turn to act, a prominent American scholar said Wednesday.
William H. Overholt, senior research fellow at the Harvard Kennedy School,
stressed the Obama administration is expected to show some flexibility in
accordance with "different signals" from the defiant communist nation.
-----------------
World leaders, experts to seek paths to peace, co-prosperity in East Asia
JEJU ISLAND -- The largest international security conference hosted by South
Korea was to open here later Wednesday for discussions on the North Korean
nuclear issue and paths to attain co-prosperity in East Asia.
The 5th Jeju Peace Forum brings together dozens of world leaders, former and
incumbent diplomats, scholars, and journalists under the theme of "Shaping New
Regional Governance in East Asia: A Common Vision for Mutual Benefits and Common
Prosperity."
-----------------
(LEAD) Kia Motors Q2 net quadruples on increased sales
SEOUL -- Kia Motors Corp., South Korea's No. 2 automaker, said Wednesday that its
second-quarter earnings nearly quadrupled as government tax incentives and rising
overseas demand for small cars boosted sales.
Net profit reached 347 billion won (US$278 million) in the April-June period,
compared with a profit of 85.9 billion won year earlier, the company said in a
regulatory filing.
(END)
