ID :
183754
Mon, 05/23/2011 - 08:32
Auther :
Shortlink :
https://oananews.org//node/183754
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Yonhap News Summary
The following is the first summary of major stories moved by Yonhap News Agency on Monday.
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N. Korean leader begins activities in Yangzhou
BEIJING/YANGZHOU -- North Korean leader Kim Jong-il, who arrived in Yangzhou on Sunday after a three-day train ride, began his activities in the eastern Chinese city, west of Shanghai, though details of his itinerary have yet to be confirmed, sources said Monday.
A motorcade believed to be carrying Kim departed from Yangzhou's guest house at 9 a.m. on the fourth day of his Chinese visit before heading for an unknown destination, said the sources.
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Conditions for banks' foreign borrowing improve in April
SEOUL -- South Korean banks saw their conditions for foreign borrowing improve in April, overcoming difficulties triggered by the Japanese earthquake and nuclear crisis in March, the financial regulator said Monday.
The average short-term rollover rate by 16 local banks came to 63.2 percent in April, compared with 121.6 percent in March, the Financial Supervisory Service (FSS) said in a statement.
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Korea, Japan steelmakers to boost cooperation following quake
SEOUL -- South Korean and Japanese steelmakers plan to work together to cope with the fallout from the massive earthquake that hit the island nation in March, the government said Monday.
The Ministry of Knowledge Economy said government and business representatives from the two countries gathered in Seoul to discuss ways to limit the negative impact of supply disruptions in Japan.
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Orion Group chairman questioned by prosecutors in slush fund probe
SEOUL -- Orion Group Chairman Tam Chul-gon was summoned by prosecutors on Monday to face questioning over alleged corruption at the leading confectionery and media conglomerate, officials said.
Tam, the son-in-law of late Orion founder Lee Yang-ho, arrived at the Seoul Central District Prosecutors' Office in southern Seoul at around 9:00 a.m. and entered the building without making any comment, the officials said.
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Creditors may delay Hynix sale into June
SEOUL -- Creditors of Hynix Semiconductor Inc. said Monday that they may kick off the process to sell a major stake in the second-largest computer memory chipmaker next month, delaying the sale from their previous schedule.
Creditors, including Korea Exchange Bank, Woori Bank and state-run Korea Finance Corp., had initially planned to start the process to sell their combined 15 percent stake in Hynix in late May.
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S. Korea, U.S. launch air defense exercise
SEOUL -- The South Korean and U.S. air forces launched Monday a massive, regular joint exercise to sharpen their ability to work together in simulated war situations, the South's Air Force said Monday.
The annual Max Thunder exercise, which will run through Friday, involves about 60 warplanes, including a fleet of F-15K fighter jets from the South and F-16 fighters as well as AWACS air surveillance planes from the U.S., the Air Force said in a statement.
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LS Industrial breaks ground for electric car parts plant
SEOUL -- LS Industrial Systems Co., a leading South Korean manufacturer of electric components, said Monday that it started construction of a new local plant for a key component for hybrid electric vehicles.
The plant in Cheongju city, 137 kilometers south of the capital city, will produce a component called "electric vehicle relay" or "EV Relay," which supplies energy from car batteries to power trains, the company said in a statement.
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N. Korean leader begins activities in Yangzhou
BEIJING/YANGZHOU -- North Korean leader Kim Jong-il, who arrived in Yangzhou on Sunday after a three-day train ride, began his activities in the eastern Chinese city, west of Shanghai, though details of his itinerary have yet to be confirmed, sources said Monday.
A motorcade believed to be carrying Kim departed from Yangzhou's guest house at 9 a.m. on the fourth day of his Chinese visit before heading for an unknown destination, said the sources.
----------------
Conditions for banks' foreign borrowing improve in April
SEOUL -- South Korean banks saw their conditions for foreign borrowing improve in April, overcoming difficulties triggered by the Japanese earthquake and nuclear crisis in March, the financial regulator said Monday.
The average short-term rollover rate by 16 local banks came to 63.2 percent in April, compared with 121.6 percent in March, the Financial Supervisory Service (FSS) said in a statement.
------------------
Korea, Japan steelmakers to boost cooperation following quake
SEOUL -- South Korean and Japanese steelmakers plan to work together to cope with the fallout from the massive earthquake that hit the island nation in March, the government said Monday.
The Ministry of Knowledge Economy said government and business representatives from the two countries gathered in Seoul to discuss ways to limit the negative impact of supply disruptions in Japan.
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Orion Group chairman questioned by prosecutors in slush fund probe
SEOUL -- Orion Group Chairman Tam Chul-gon was summoned by prosecutors on Monday to face questioning over alleged corruption at the leading confectionery and media conglomerate, officials said.
Tam, the son-in-law of late Orion founder Lee Yang-ho, arrived at the Seoul Central District Prosecutors' Office in southern Seoul at around 9:00 a.m. and entered the building without making any comment, the officials said.
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Creditors may delay Hynix sale into June
SEOUL -- Creditors of Hynix Semiconductor Inc. said Monday that they may kick off the process to sell a major stake in the second-largest computer memory chipmaker next month, delaying the sale from their previous schedule.
Creditors, including Korea Exchange Bank, Woori Bank and state-run Korea Finance Corp., had initially planned to start the process to sell their combined 15 percent stake in Hynix in late May.
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S. Korea, U.S. launch air defense exercise
SEOUL -- The South Korean and U.S. air forces launched Monday a massive, regular joint exercise to sharpen their ability to work together in simulated war situations, the South's Air Force said Monday.
The annual Max Thunder exercise, which will run through Friday, involves about 60 warplanes, including a fleet of F-15K fighter jets from the South and F-16 fighters as well as AWACS air surveillance planes from the U.S., the Air Force said in a statement.
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LS Industrial breaks ground for electric car parts plant
SEOUL -- LS Industrial Systems Co., a leading South Korean manufacturer of electric components, said Monday that it started construction of a new local plant for a key component for hybrid electric vehicles.
The plant in Cheongju city, 137 kilometers south of the capital city, will produce a component called "electric vehicle relay" or "EV Relay," which supplies energy from car batteries to power trains, the company said in a statement.
