ID :
75764
Tue, 08/18/2009 - 12:50
Auther :

Yonhap News Summary

Yonhap News Summary



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

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(LEAD) Hyundai chief rosy about inter-Korean ties after lengthy meet with Kim
SEOUL -- The chairwoman of Hyundai Group said Monday that she met with North
Korean leader Kim Jong-il for four hours over luncheon on Sunday for extensive
discussions on ways to improve inter-Korean relations.
"My luncheon meeting with Chairman Kim proceeded in a friendly atmosphere. We
exchanged views on the resumption of the joint tourism project at Mount Kumgang
and other pending issues," Hyun Jeong-eun said in a news conference after
returning home from a weeklong trip to North Korea.
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(3rd LD) S. Korea says Hyundai-N.K. agreement 'positive,' calls for dialogue
SEOUL -- South Korea on Monday called Hyundai Group's accords with the North to
resume joint ventures "positive" but said they can be implemented only after the
two governments officially endorse them.
Seoul cautiously welcomed the agreements Hyundai chairwoman Hyun Jeong-eun
reached with North Korean leader Kim Jong-il a day earlier to resuscitate stalled
tourism projects and reunions of families separated by the 1950-53 Korean War.
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(News Focus) Hyundai Asan upbeat on deal to resume projects with N. Korea
SEOUL -- South Korea's troubled Hyundai Asan Corp. received a welcome boost
Monday after North Korea agreed to reopen its border with the South and resume
tour programs.
The company, which operates joint business projects in North Korea, has grappled
with financial woes since its major tour to the North's scenic Mount Kumgang was
halted in July last year, after a South Korean female tourist was shot dead when
she strayed into a restricted military zone at the resort area.
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(News Focus) N. Korea makes overtures on inter-Korean ties, Seoul cautious
SEOUL -- North Korean leader Kim Jong-il has offered a rare olive branch to Seoul
in agreeing to resume stalled ventures and family reunions with the South,
experts said Monday.
At a meeting with Kim over the weekend, Hyundai Group chairwoman Hyun Jeong-eun
secured a major boost for her conglomerate which has been struggling financially
amid an inter-Korean political stalemate. Hyundai Group runs tourism programs to
the North along with an affiliate.
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Seoul's policy on Pyongyang unchanged despite new deals on joint ventures: ministry
SEOUL -- The keynote of South Korea's policy towards North Korea remains
unchanged despite a civilian-led breakthrough in stalled inter-Korean economic
projects, Seoul's foreign ministry said Monday.
"There is no change in the keynote of our government's policy in dealing with
North Korea," ministry spokesman Moon Tae-young said at a press briefing. "A
change in the future situation will depend on North Korea's attitude and
position."
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Samsung Electronics to upgrade U.S. chip plant
SEOUL-- Samsung Electronics Co., the world's largest semiconductor maker, said
Monday it will upgrade its aging semiconductor plant in the United States to
expand its production of NAND flash memory chips.
Samsung Electronics said it will stop operating a production line in Austin,
Texas for dynamic random access memories (DRAMs), used in personal computers and
other electronic devices, in October. Samsung built the line in 1997.
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(LEAD) Seoul stocks drop 2.8 pct on U.S., China losses
SEOUL -- South Korean stocks closed 2.79 percent lower Monday as investors were
spooked by U.S. losses last week and bearish Chinese stocks, analysts said. The
local currency plunged against the U.S. dollar.
The benchmark Korean Composite Stock Price Index (KOSPI) slumped 44.35 points to
1,588.73. Volume was moderate at 585.9 million shares worth 6.7 trillion won
(US$5.3 billion) with losers outnumbering winners 673 to 158.
(END)

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