[News Briefing] S. Korea releases full report on Cheonan sinking

Posted on : 2010-09-13 14:17 KST Modified on : 2010-09-13 14:17 KST

South Korea released on Monday the full report of a multinational investigation into the Cheonan warship sinking, reaffirming that it was sunk in a North Korean torpedo attack and providing more details.
Defense Ministry officials hope it will quell doubts and questions leveled at interim probe results, but it was judged by experts and media as falling far short of necessary for answering lingering questions.
   
  
S. Korea‘s Red Cross to send aid to N. Korea 
South Korea’s Red Cross announced on Monday that it would send 5,000 tons of rice aid and 10,000 tons of cement to help North Korea recover from recent floods.
Yoo Chong-ha, head of the South‘s Red Cross, said, “The request for excavators is something that the government, not the Red Cross, should consider,” in a press conference in Seoul.
Yoo said he expects the reunion of families separated by the 1950-53 Korean War to take place next month if both countries are in agreement.
  

Galaxy S tops 1milion
Samsung Electronics’ Android-powered smartphone Galaxy S has sold more than 1 million units solely in South Korea in less than 80 days, South Korea’s biggest mobile operator SK Telecom Co. reported Sunday.
Its sales are expected to grow with rising overseas demand and reach 2 million before December. Samsung is struggling to challenge the hugely popular iPhone 4, which debuted in the South Korean market last week.
  
 
SMEs exporting to Iran hurts by sanctions
Seventy six percent of local small and mid-sized enterprises (SMEs) exporting to Iran have reported difficulties in trade by the government’s sanctions against Iran.
According to a survey by the Korea Federation of Small and Medium Business (Kbiz) of 89 exporting SMEs who trade with Iran, trade has completely ceased for 28.1 percent of the companies surveyed, while 48.3 percent reported a drop in trade volume.
In regards to the reason why trade with Iran has ceased, most cited real or perceived difficulties in receiving payment. Some 45.5 percent said they stopped trading with Iran fearing that payment would not be safely collected, while 35.1 percent were forced to stop since banks had stopped payments.

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