ID :
198632
Tue, 08/02/2011 - 07:47
Auther :

Yonhap News Summary

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

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(LEAD) U.S. still cautious about next steps on N. Korea
WASHINGTON, Aug. 1 -- After "good and constructive" talks with North Korea last week, the United States on Monday maintained a guarded stance on next steps.
U.S. officials neither confirmed nor denied Pyongyang's announcement that the two sides agreed to further dialogue when North Korean Vice Foreign Minister Kim Kye-gwan and Stephen Bosworth, U.S. special representative for policy on the communist nation, met in New York on Thursday and Friday.

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(LEAD) S. Korea's foreign reserves hit new high in July
SEOUL -- South Korea's foreign exchange reserves climbed to a fresh high in July as a stronger British pound and Japanese yen boosted the dollar conversion value, the central bank said Tuesday.
The country's foreign reserves reached US$311.03 billion as of the end of July, up $6.55 billion from June, according to the Bank of Korea (BOK). The figure marks a turnaround after falling for two straight months in May and June.

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S. Korea's large biz CEOs earn average 1.67 bln won in 2010
SEOUL -- Chief executive officers (CEOs) working for South Korea's 100 largest businesses earned an average of just under 1.67 billion won (US$1.59 million) in 2010, a report showed Tuesday.
According to Chaebol.com, their earnings include salaries, dividends and stock options, with top executives of Samsung Group, the country's largest family-owned conglomerate, receiving the most last year.

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(LEAD) Seoul temporarily removes import tariffs on food items
SEOUL -- South Korea on Tuesday removed import duties on several food items, including bananas and cabbages, as part of efforts to curb recent price hikes.
Under the measure, approved at a Cabinet meeting, the 30 percent import tariffs on bananas, pineapples and radishes will be completely removed, along with the 27 percent tariffs on white cabbages, until the end of next month, according to the Ministry of Strategy and Finance.

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Private sector sends additional 300 tons of flour to N. Korea
SEOUL -- South Korean civic groups delivered an additional 300 tons of flour to North Korea on Tuesday, following through with their pledge to send a total of 2,500 tons by the end of this month, officials said.
The Korean Council for Reconciliation and Cooperation (KCRC), a coalition of pro-unification civic and social groups, said

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S. Korea to get tough on Japan's fresh claim to Dokdo
SEOUL -- Seoul will respond strongly to Tokyo's latest claim to the South Korean islets of Dokdo included in Japan's annual defense document, officials said Tuesday, in an indication of the country's growing intolerance for Japan's territorial claims.
Japan approved its 2011 defense white paper earlier in the day, using the same language since 2005 to refer to Dokdo as Japanese territory. The East Sea islets have been an ongoing source of tension between the neighbors as South Korea flatly dismisses any attempt by Japan to lay claim to the set of rocky outcroppings.

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