ID :
192650
Mon, 07/04/2011 - 08:29
Auther :

Yonhap News Summary

The following is the first summary of major stories moved by Yonhap News Agency on Monday.

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S. Korea approves int'l flight service by new budget carrier
SEOUL -- South Korea's newest low-cost carrier T'way Airlines is now a step closer to beginning international flight services as it was issued an air operator certificate (AOC) Monday, following the government's safety inspection.
The airline has yet to file any requests for approval of new international routes and an actual launch of an international flight service will require additional safety checks, according to the Ministry of Land, Transport and Maritime Affairs.

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Retrieved ancient Korean books revealed to media
SEOUL -- South Korea on Monday revealed to media for the first time some of the ancient royal Korean books retrieved from France earlier this year.
France returned the books through a renewable lease in four shipments from April to May after keeping them at the French national library for decades.

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S. Korean Navy chases away suspected pirate ships
SEOUL -- A South Korean naval helicopter chased away three suspected pirate ships attempting to approach a South Korean commercial vessel in Somali waters over the weekend, the military here said Monday.
According to the Joint Chiefs of Staff (JCS), the Cheonghae Unit received a call from the 17,000-ton vessel Azalea around 1 a.m. Sunday, Korean time, that three ships were approaching. The naval unit dispatched a Lynx helicopter from its destroyer, Chungmugong Yi Sun-shin, and the chopper fired off three flares at 2:18 a.m.

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Ruling party to pick new chairperson
SEOUL -- The ruling Grand National Party (GNP) is to elect its new leadership at its national convention Monday, which will be tasked with reviving the beleaguered conservative party ahead of next year's major elections.
This convention will elect the party's new chairperson and four supreme council members from among a total of seven candidates -- Reps. Won Hee-ryong, Kwon Young-se, Hong Joon-pyo, Nam Kyung-pil, Park Jin, Yoo Seung-min and Na Kyung-won, who are all in their late 40s and early 50s.

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PyeongChang highlighting 'New Horizons' ahead of vote on Olympic host
DURBAN, South Africa -- With the vote here on the 2018 Winter Olympics host just two days away, PyeongChang, the South Korean candidate, in its last-minute pitch has been stressing its main point -- that Asia is due for a Winter Games.
The International Olympic Committee (IOC) is set to select the Olympic host on Wednesday, with PyeongChang vying with Munich, Germany, and Annecy, France. PyeongChang and Munich are largely regarded as front-runners, with Annecy's bid marred by budget disputes and lack of public support.

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Watchdog unveils steps to overhaul savings banks
SEOUL -- South Korea's financial regulator on Monday announced a package of measures to put the country's ailing savings banks back on track by injecting public funds into viable players.
South Korea has been grappling with salvaging the troubled sector as savings banks have been suffering from deteriorating asset quality due to soured construction loans. The delinquency rate of property-linked loans stood at 20.4 percent as of the end of March, up from 18 percent late last year.

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Retrieved ancient Korean books revealed to media
SEOUL -- South Korea on Monday revealed to media for the first time some of the ancient royal Korean books retrieved from France earlier this year.
France returned the books through a renewable lease in four shipments from April to May after keeping them at the French national library for decades

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S. Korea's opposition leader visits China for diplomatic talks
SEOUL -- The leader of South Korea's main opposition Democratic Party (DP) on Monday embarked on a four-day trip to China to discuss regional security, including North Korea, and ways to promote bilateral economic ties.
Rep. Sohn Hak-kyu is to meet with Chinese Vice President Xi Jinping, who is earmarked to become China's next president, and senior politicians in Beijing to share views on regional diplomatic issues, party officials said.
(END)

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