ID :
82112
Mon, 09/28/2009 - 14:30
Auther :
Shortlink :
https://www.oananews.org//node/82112
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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 Monday.
-----------------
(LEAD) Separated Koreans say goodbye after fleeting reunions
MOUNT KUMGANG, North Korea -- Jin Gok-sun, 56, from South Korea grasped the hands
of her younger brother, Young-ho, and sobbed, "How can I go back, leaving you
here?"
As a bus carrying her headed to South Korea, the 49-year-old brother, living in
North Korea after his fishing boat "Dongjin-ho" was abducted there 22 years ago,
tried to touch her again through the window.
-----------------
(LEAD) N. Korea's revised constitution gives more power to Kim Jong-il
SEOUL -- North Korea's new constitution describes its leader Kim Jong-il as the
country's "supreme leader" and also articulates his role and authority, an
apparent bid to shore up his power amid reports of poor health and rumors of a
power transfer to his son.
Article 100 of the constitution, revised in April and obtained by Yonhap News
Agency on Monday, says, "The chairman of the National Defense Commission (NDC) is
the supreme leader of the Democratic People's Republic of Korea (DPRK)." Kim
currently serves as the head of the commission.
-----------------
(LEAD) S. Korea seeks smallest rise in defense spending in over decade
SEOUL -- South Korea said Monday it is seeking a 3.8 percent rise in defense
spending for next year, the smallest hike in over a decade amid economic
difficulties weighing on the country.
The Ministry of National Defense said in a release that it plans to submit a
proposal for a 3.8 percent budget increase for 2010 to the National Assembly on
Oct. 1.
-----------------
(LEAD) S. Korea seeks 2.5 pct increase in budget spending for 2010
SEOUL -- South Korea's government said Monday that it seeks to raise its budget
spending for 2010 by 2.5 percent with a marked increase in expenditure on
bolstering economic growth and stabilizing the livelihoods of ordinary people.
According to a budget plan prepared by the Ministry of Strategy and Finance, the
nation' budget spending, which includes that of various state-controlled funds,
will amount to 291.8 trillion won (US$246 billion) next year, compared with 284.5
trillion won set aside for 2009.
-----------------
S. Korea's trade surplus to reach record US$31 bln by Sept.
SEOUL -- South Korea's trade surplus is expected to reach a record US$31 billion
in the first nine months of this year thanks mainly to a sharper drop in imports
compared to exports, the government said Monday.
Officials from the Ministry of Knowledge Economy and businesses executives said
at a joint trade review meeting that the country's exports contracted 21 percent
on-year from January through September, while imports plunged 33 percent.
-----------------
Korea eyes deregulation to spur takeovers
SEOUL -- South Korea plans to allow the establishment of a special purpose
acquisition company (SPAC) in a bid to spur corporate takeovers and restructuring
efforts, the financial watchdog said Monday.
SPAC is a paper company established with proceeds raised through an initial
public offering (IPO) to acquire another firm. Currently, a shell company is not
allowed to list its shares on the Seoul bourse.
-----------------
Bank lending rates hit 7-month high in August
SEOUL -- South Korean banks' lending rates rose to a seven-month high in August
as market rates climbed amid prospects for an economic recovery, the central bank
said Monday.
The average lending rate for households and companies reached 5.61 percent last
month, up 0.08 percentage point from a month earlier, according to the Bank of
Korea (BOK). The August figure marked the highest level since January 2009 when
the rate came in at 5.91 percent.
-----------------
N. Korean authorities probing student's download of S. Korean blockbuster: defector
group
SEOUL -- A North Korean college student was recently arrested after watching a
bootleg file of South Korean blockbuster "Haeundae" on his computer, leading the
country's authorities to strengthen inspection to prevent further spreading of
the movie among its people, an organization of North Korean defectors said
Monday.
An illegal copy of the disaster flick, which drew more than 10 million viewers in
the South as the fifth local movie to reach the milestone, was first found in a
computer at a Pyongyang university earlier this month, triggering an extensive
state probe, the North Korea Intellectuals Solidarity said in a news letter
posted on its Web site.
(END)
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The following is the first summary of major stories moved by Yonhap News Agency
on Monday.
-----------------
(LEAD) Separated Koreans say goodbye after fleeting reunions
MOUNT KUMGANG, North Korea -- Jin Gok-sun, 56, from South Korea grasped the hands
of her younger brother, Young-ho, and sobbed, "How can I go back, leaving you
here?"
As a bus carrying her headed to South Korea, the 49-year-old brother, living in
North Korea after his fishing boat "Dongjin-ho" was abducted there 22 years ago,
tried to touch her again through the window.
-----------------
(LEAD) N. Korea's revised constitution gives more power to Kim Jong-il
SEOUL -- North Korea's new constitution describes its leader Kim Jong-il as the
country's "supreme leader" and also articulates his role and authority, an
apparent bid to shore up his power amid reports of poor health and rumors of a
power transfer to his son.
Article 100 of the constitution, revised in April and obtained by Yonhap News
Agency on Monday, says, "The chairman of the National Defense Commission (NDC) is
the supreme leader of the Democratic People's Republic of Korea (DPRK)." Kim
currently serves as the head of the commission.
-----------------
(LEAD) S. Korea seeks smallest rise in defense spending in over decade
SEOUL -- South Korea said Monday it is seeking a 3.8 percent rise in defense
spending for next year, the smallest hike in over a decade amid economic
difficulties weighing on the country.
The Ministry of National Defense said in a release that it plans to submit a
proposal for a 3.8 percent budget increase for 2010 to the National Assembly on
Oct. 1.
-----------------
(LEAD) S. Korea seeks 2.5 pct increase in budget spending for 2010
SEOUL -- South Korea's government said Monday that it seeks to raise its budget
spending for 2010 by 2.5 percent with a marked increase in expenditure on
bolstering economic growth and stabilizing the livelihoods of ordinary people.
According to a budget plan prepared by the Ministry of Strategy and Finance, the
nation' budget spending, which includes that of various state-controlled funds,
will amount to 291.8 trillion won (US$246 billion) next year, compared with 284.5
trillion won set aside for 2009.
-----------------
S. Korea's trade surplus to reach record US$31 bln by Sept.
SEOUL -- South Korea's trade surplus is expected to reach a record US$31 billion
in the first nine months of this year thanks mainly to a sharper drop in imports
compared to exports, the government said Monday.
Officials from the Ministry of Knowledge Economy and businesses executives said
at a joint trade review meeting that the country's exports contracted 21 percent
on-year from January through September, while imports plunged 33 percent.
-----------------
Korea eyes deregulation to spur takeovers
SEOUL -- South Korea plans to allow the establishment of a special purpose
acquisition company (SPAC) in a bid to spur corporate takeovers and restructuring
efforts, the financial watchdog said Monday.
SPAC is a paper company established with proceeds raised through an initial
public offering (IPO) to acquire another firm. Currently, a shell company is not
allowed to list its shares on the Seoul bourse.
-----------------
Bank lending rates hit 7-month high in August
SEOUL -- South Korean banks' lending rates rose to a seven-month high in August
as market rates climbed amid prospects for an economic recovery, the central bank
said Monday.
The average lending rate for households and companies reached 5.61 percent last
month, up 0.08 percentage point from a month earlier, according to the Bank of
Korea (BOK). The August figure marked the highest level since January 2009 when
the rate came in at 5.91 percent.
-----------------
N. Korean authorities probing student's download of S. Korean blockbuster: defector
group
SEOUL -- A North Korean college student was recently arrested after watching a
bootleg file of South Korean blockbuster "Haeundae" on his computer, leading the
country's authorities to strengthen inspection to prevent further spreading of
the movie among its people, an organization of North Korean defectors said
Monday.
An illegal copy of the disaster flick, which drew more than 10 million viewers in
the South as the fifth local movie to reach the milestone, was first found in a
computer at a Pyongyang university earlier this month, triggering an extensive
state probe, the North Korea Intellectuals Solidarity said in a news letter
posted on its Web site.
(END)
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