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Back[Yonhap News headlines at this time] - 07:30
[Yonhap News headlines at this time] - 07:30
Developing
연합뉴스57 minutes agoPolitics2 min readSouth KoreaView original

[Yonhap News headlines at this time] - 07:30

Quick Look

  • Korean Ambassador to the United States Kang Kyung-wha said that limiting ROK-US intelligence cooperation was the most difficult issue, and President Trump mentioned the possibility of a meeting with Kim Jong-un during his visit to Asia.
  • Also reported were the Houthi rebels' attempt to attack Riyadh Airport in Saudi Arabia, the conclusion of the appeal trial for former President Yoon Seok-yeol's Public Official Election Act, the expansion of the investigation into the collapse of the ceiling of a commercial building in Daegu, the confirmation of North Korea's tactical ballistic missile test launch, the projected health insurance debt ratio of 107% in 2030, the mixed performance of the New York stock market, and news of autumn rain across the country.

AI-generated summary

Why It Matters

Controversy over restrictions on information sharing between Korea and the United States continues, and attention is being paid to President Trump's visit to Asia and the possibility of resuming North Korea-US dialogue. Houthi rebels' attacks on Saudi Arabia are raising concerns about the spread of the civil war in Yemen. The appeal trial for former President Yoon Seok-yeol's violation of the Public Official Election Act is an important issue that will determine whether the People Power Party will return election expenses.

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Korean Ambassador to the United States Kang Kyung-wha said on the 12th (local time) that the controversy over information sharing restrictions between Korea and the United States is the most difficult issue to resolve in diplomacy between Korea and the United States. In particular, regarding the issues raised by the U.S., Korea mentioned that it was judged to have not fully resolved the issues as the U.S. expected, suggesting the possibility that the issue of information sharing between Korea and the U.S. could be prolonged. At the National Assembly Foreign Affairs and Unification Committee audit held in Washington D.C. on this day, Ambassador Kang was asked what the difficult issues in Korea-U.S. relations were, and he answered, "The most talked about issue is intelligence cooperation."

U.S. President Donald Trump said on the 12th (local time) that he may meet North Korean leader Kim Jong-un during his visit to Asia next month. While North Korea's active response was not detected, it is interpreted that he once again sent a conciliatory message to Chairman Kim for the resumption of North Korea-US dialogue. Attention is being paid to whether a face-to-face meeting between the leaders of North Korea and the United States will take place around the Asia-Pacific Economic Cooperation (APEC) summit to be held in China next month. While answering questions with reporters at the White House on this day, President Trump was asked if he planned to meet Chairman Kim during his visit to Asia, and responded, "I might."

Yemen's pro-Iran Houthi rebels, who are continuing their offensive against Saudi Arabia, fired a ballistic missile targeting the international airport in Riyadh, the capital of Saudi Arabia, again on the evening of the 12th (local time), but it was intercepted by the coalition forces. Turki al-Malki, spokesman for the Saudi-led coalition and Saudi Ministry of Defense, announced on social media site Previously, Saudi authorities sent an early warning message to residents, warning that a potential hostile threat could be posed to Riyadh.

The appeal trial in the case of former President Yoon Seok-yeol's violation of the Public Official Election Act, which depends on the return of 39.7 billion won in presidential election expenses preserved by the People Power Party, will conclude on the 13th. Seoul High Court Criminal Division 2-1 (High Court Judges Baek Seung-yeop, Hwang Seung-tae, and Kim Young-hyun) will hold an appeal hearing on former President Yoon's charges of violating the Public Official Election Act at 10 a.m. on this day. The court was originally scheduled to proceed with the decision-making process on the 29th of last month, but it was postponed due to prolonged witness examination.

On the 13th, the second week of the National Assembly audit, the ruling and opposition parties clash over the Blue House's nomination of Supreme Court Justice candidates, Democratic Party of Korea lawmaker Kim Seung-won's 'suspicion of solicitation for clinical trials of new drugs', and the Future Response Fund. On this day, the ruling and opposition parties included ▲ Legislation and Judiciary Committee ▲ Political Affairs Committee ▲ Finance and Economic Planning Committee ▲ Science, Technology, Information, Broadcasting and Communications Committee ▲ Foreign Affairs and Unification Committee ▲ National Defense Committee ▲ Public Administration and Security Committee ▲ Agriculture, Food, Rural Affairs, Oceans and Fisheries Committee ▲ Trade, Industry and Energy Small and Medium Venture Business Committee ▲ Health and Welfare Committee ▲ Climate, Energy, Environment and Labor Committee ▲ Land, Infrastructure and Transport Committee, etc. The National Assembly audit is conducted by 12 standing committees.

On the 10th, the police investigating an accident in which about 30 elderly people were injured due to the collapse of the ceiling of a commercial building in Buk-gu, Daegu, are expanding the scope of the investigation to identify the person responsible. According to the investigative authorities on the 13th, the Daegu Police Agency investigation team immediately after the accident called in the son of the building owner in charge of managing the building and the operator of the billiards hall who previously used the second floor as witnesses to investigate the cause of the accident and who was responsible. According to a police investigation, the second floor of the building where the accident occurred was operated as a billiards hall for several years before a business selling daily necessities moved in early this month.

North Korea announced on the 12th that it conducted a test launch of a tactical ballistic missile. The Korean Central News Agency announced on the 13th, "The General Missile Administration conducted a test launch of a tactical ballistic missile on the 12th to confirm the performance of technological renewal of important core elements." The news agency claimed, “The test is part of the normal activities of the Missile Administration and its affiliated research institutes to advance the technology of weapon systems.”

A warning light has come on regarding health insurance finances. The National Health Insurance Corporation predicts that there will be an operating deficit of trillions of won every year for the next five years, and that the debt ratio of the health insurance business will exceed the management standard of 100% by 2030. In addition, this year's balance of payments turned into a large deficit of 2.8 trillion won, and the variables of next year's health insurance premium rate freeze and medical fee increase overlapped, putting financial management in an emergency situation.

On the 12th (local time), the three major indices of the New York Stock Exchange closed at mixed prices. While trading was generally quiet due to Columbus Day, a public holiday in the United States, the S&P 500 Index and Nasdaq Composite Index showed weakness due to the rise in international oil prices and the selling of memory semiconductor stocks. On this day, the Dow Jones Industrial Average ended trading at 51,850.55, up 195.60 points (0.38%) from the previous day.

On Tuesday the 13th, it will rain throughout the country. Rain will fall in most parts of the country on this day and will mostly stop during the day, but in the Gyeongnam area, rain may continue until late afternoon. Raindrops of less than 0.1 mm may fall in most parts of the country from late afternoon to night.

What to Watch

AI outlook — possibilities, not facts

  • Additional discussions on pending information cooperation issues between Korea and the United States will continue in the coming weeks, and working-level negotiations are likely to take place to come up with a solution.

    Likely · Within weeks

  • Former President Yoon Seok-yeol's appeal on the Public Official Election Act is likely to conclude in the direction of upholding the original court's ruling or commuting his sentence.

    Possible · Within days

  • If the health insurance debt ratio exceeds 107% in 2030 as predicted, discussions on financial reform within the government will begin in earnest.

    Possible · Within years

Open Questions

  • What are the specific solutions to the pending issues of ROK-US intelligence cooperation?
  • What are the chances of an actual meeting with Kim Jong-un during President Trump's visit to Asia?
  • What are the Houthi rebels' plans for further attacks and Saudi Arabia's defense posture?
  • What is the exact cause of the Daegu commercial building ceiling collapse accident and who is responsible?

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This article was originally published by 연합뉴스.

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