Yonhap News Abstract | Yonhap News Company

The next is the primary abstract of main tales moved by Yonhap News Company on Thursday.

(LEAD) PPP ethics committee defers determination over potential self-discipline of celebration chief

SEOUL — The ethics committee of the ruling Folks Energy Celebration has deferred a choice till subsequent month on whether or not to take disciplinary motion towards celebration chairman Lee Jun-seok over allegations he obtained sexual companies as a bribe about 10 years in the past and tried to cowl up the case.

The committee, nonetheless, determined at Wednesday’s assembly to start the method of reprimanding Kim Cheol-geun, a key aide to Lee, over allegations that he met with Lee’s accuser earlier this yr and tried to silence him with a promise of funding.

(2nd LD) Gained falls to 13-yr low towards greenback in intraday buying and selling

SEOUL — South Korea’s foreign money on Thursday fell under the 1,300-won degree towards the U.S. greenback for the primary time in about 13 years amid rising issues about international financial tightening and an financial recession.

Finance Minister Choo Kyung-ho made a verbal intervention to forestall additional decline, saying that foreign exchange authorities will take steps to stabilize the foreign money market, if wanted, to attenuate market jitters brought on by the gained’s weak point.

S. Korea efficiently deploys precision navigation satellite tv for pc to spice up GPS accuracy, flight security

SEOUL — South Korea efficiently launched a precision aviation satellite tv for pc Thursday to enhance the accuracy and reliability of worldwide positioning system (GPS) alerts and higher guarantee flight security, the federal government stated.

The satellite tv for pc for the Korea Augmentation Satellite tv for pc System (KASS), the nation’s first precision GPS location augmentation system, lifted off from Guiana House Middle in Kourou in French Guiana, at 6:50 a.m. Thursday (Seoul time), in keeping with the Ministry of Land, Infrastructure and Transport.

Producer costs develop for fifth month in Could on excessive power, service prices

SEOUL — South Korea’s producer costs grew for the fifth straight month in Could, pushed by rising costs of coal, oil and companies, central financial institution knowledge confirmed Thursday.

The producer value index, a significant barometer of shopper inflation, stood at 119.24 in Could, up 0.5 % from a revised 118.59 a month earlier, in keeping with the preliminary knowledge from the Financial institution of Korea (BOK).

Yoon declines to get forward on query of different army service for BTS

SEOUL — President Yoon Suk-yeol declined to get forward on the query of permitting various army service for Ok-pop group BTS, saying any determination needs to be primarily based on public opinion.

The difficulty has reemerged in political circles after the septet introduced its suspension of group actions final week.

BOK official stresses efforts to tame inflation expectations amid rising costs

SEOUL — A senior central financial institution official on Thursday underscored the significance of stopping inflation expectations from rising because the nation is grappling with rising costs amid excessive power and commodity prices.

Financial institution of Korea (BOK) Deputy Gov. Lee Seung-heon voiced issues that inflation strain stays excessive in the interim, citing such components as the continued warfare in Ukraine that has exacerbated supply-chain disruptions.

(LEAD) New COVID-19 circumstances under 10,000 for 14th day amid slowing omicron

SEOUL — South Korea’s new coronavirus circumstances stayed under 10,000 for the 14th straight day Thursday amid a gradual omicron downtrend, although the nation stays vigilant towards any potential virus resurgence.

The nation reported 7,497 new COVID-19 infections, together with 92 circumstances from abroad, bringing the full caseload to 18,305,738, the Korea Illness Management and Prevention Company (KDCA) stated.

(2nd LD) N. Korea discusses revising operational plans of its front-line army items

SEOUL — North Korean chief Kim Jong-un and different high officers had discussions on including missions and revising operational plans of front-line army items throughout a significant celebration assembly, in keeping with state media Thursday.

The information got here two months after the Kim regime overtly hinted at deploying tactical nuclear weapons in front-line artillery items. The secretive nation has reportedly accomplished preparations for a nuclear check seen as a part of efforts to develop smaller nuclear warheads to suit on tactical guided weapons and upgraded short-range ballistic missiles.

(LEAD) Presidential Archives rejects request for disclosure of file on fisheries official’s loss of life

SEOUL — The Presidential Archives on Thursday rejected a request by the household of a fisheries official killed by North Korea in 2020 to reveal confidential data on the controversial loss of life, in keeping with the household’s lawyer.

The household has demanded entry to categorized presidential paperwork from the earlier administration associated to the loss of life of the late fisheries ministry official, Lee Dae-jun, who was shot and killed by North Korea’s army close to the western sea border on Sept. 22, 2020.

Monetary regulator warns of ‘unprecedented excellent storm,’ amid excessive market volatility

SEOUL — A high monetary regulator on Thursday warned of an “unprecedented financial excellent storm” amid rising uncertainties at dwelling and overseas, vowing utmost efforts to keep up the soundness of the monetary system.

Lee Bok-hyun, chief of the Monetary Supervisory Service (FSS), made the comment throughout a gathering with high officers of financial assume tanks in Seoul to debate coverage responses amid surging inflation and worries over a potential recession.

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