ID :
62841
Thu, 05/28/2009 - 08:34
Auther :

Yonhap News Summary

Yonhap News Summary



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

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(2nd LD) N. Korea threatens military response after S. Korea joins PSI
SEOUL -- North Korea said Wednesday it would no longer honor the Korean War
armistice in response to Seoul's participation in a U.S.-led security campaign
and warned of an immediate military strike should any attempt be made to
interdict its ships.
The statement, issued by the North's permanent military mission to a joint
security area in the demilitarized zone separating the Koreas, also said the
country can no longer guarantee the safety of South Korean and U.S. military
ships and private vessels moving along the western sea border.
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(LEAD) S. Korea vows to repel any N. Korean provocation near sea border
SEOUL -- South Korea maintains naval superiority over North Korea along their
western sea border and will respond swiftly if the communist state attempts an
armed provocation there, its officials said Wednesday.
North Korea said earlier in the day it will no longer guarantee the safety of
U.S. and South Korean vessels in the waters off its southwestern coast.
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(LEAD) N. Korea appears to have restarted nuclear facility: source
SEOUL -- North Korea has apparently restarted its nuclear reprocessing facility
at Yongbyon from mid-April to produce plutonium, an informed source said
Wednesday, two days after the communist nation said it conducted a second nuclear
test.
The Yongbyon facility had been undergoing a disablement process under an
aid-for-denuclearization deal signed in 2007. Pyongyang said in April that it
will restart the nuclear facility, reacting to a U.N. Security Council statement
that condemned its long-range rocket launch earlier that month.
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S. Korean, Russian presidents agree on 'strong' measure against N. Korea
SEOUL -- South Korean President Lee Myung-bak and Russian President Dmitry
Medvedev agreed Wednesday to join efforts in dealing with North Korea while
calling for a "strong reaction" by the international community to punish the
North for its second nuclear test, a spokesman for South Korea's presidential
office said.
The joint call came in a telephone conversation between the two leaders, two days
after North Korea claimed success in its second nuclear detonation.
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(2nd LD) Top S. Korean, U.S. diplomats seek to meet over N. Korea: source
SEOUL -- South Korean Foreign Minister Yu Myung-hwan is pushing for a trip to
Washington next week for talks with his U.S. counterpart, Hillary Clinton, on
countermeasures against North Korea's nuclear test and continued threats, a South
Korean government official said Wednesday.
Yu hopes to meet with Secretary of State Hillary Clinton to reaffirm their
cooperation on the matter and discuss next steps in advance of the summit between
their presidents in Washington on June 16, he said on condition of anonymity.
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(LEAD) Seoul stocks end 0.73 pct lower on security woes
SEOUL -- South Korean stocks ended down 0.73 percent Wednesday, erasing sharp
opening gains as North Korea's military threat dented investor sentiment,
analysts said. The local currency ended lower against the U.S. dollar.
The benchmark Korea Composite Stock Price Index (KOSPI) shed 10.02 points to
1,362.02, extending its losing run to a fifth session. Volume was heavy at 768.32
million shares worth 7.99 trillion won (US$6.3 billion), with losers outpacing
gainers 602 to 239.
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S. Korea's Q1 economic growth highest in OECD
SEOUL -- South Korea's economic growth in the first quarter was the highest among
the 29-member nations of the Organization for Economic Cooperation and
Development (OECD), the Finance Ministry said Wednesday.
The country's economy grew 0.1 percent on-quarter in the first quarter of the
year, the only OECD member country to post positive economic growth, according to
the ministry.
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(LEAD) Gov't eases corporate sector rules to fuel economic growth
SEOUL -- South Korea said Wednesday it will ease business-related restrictions
that have been cited as hindering economic growth.
The prime minister's office said it will suspend or scrap 280 regulations on
setting up new businesses, sales activities and small- and medium-sized
enterprises (SME).
(END)

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