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Yonhap News Summary

2017/03/20 17:16

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

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(LEAD) Park to deliver message Tuesday ahead of questioning: lawyer

SEOUL -- Former President Park Geun-hye will deliver a message before being questioned by the prosecution this week over a string of corruption allegations, her lawyer said Monday.

"Park Geun-hye has prepared a message. She will deliver it as she heads to the prosecutors' office," her lawyer Son Bum-kyu said in a text message sent to reporters. He declined to elaborate.

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Galaxy S8 Plus price estimated at 899 euros: blogger

SEOUL -- The large-screen edition of Samsung Electronics Co.'s upcoming flagship smartphone is expected to come with a price tag of 899 euros (US$967), a technology blogger said Monday.

According to the blogger, Evan Blass, the regular Galaxy S8 is expected to be priced at 799 euros, with the Galaxy S8 Plus expected to be sold at the slightly higher price. Industry watchers expect the two models to be released at 1 million won (US$890) and 1.1 million won here, respectively.

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S. Korea appeals China's retaliatory measures to WTO

SEOUL, March 20 (Yonhap) -- South Korea made an appeal to the World Trade Organization (WTO) against China's apparent retaliatory actions against Seoul's decision to deploy a U.S. missile defense system on its soil, the country's trade minister said Monday.

"On March 17, the South Korean government appealed to the WTO service council to determine if Chinese measures on South Korean tourism and retail businesses conflicts with WTO regulations," Trade Minister Joo Hyung-hwan said in a parliamentary session. He added the country will demand China comply with established rules.

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Moon offers solace, investment in pledges to political hometown

SEOUL, March 20 (Yonhap) -- Moon Jae-in, a leading presidential hopeful from the Democratic Party, sought to further enhance his foothold in the party's political hometown on Monday, offering political consolations and economic benefits to the region long considered discriminated against or even persecuted.

While visiting Gwangju, the traditional powerbase of the liberal majority party, Moon said he, if elected, will designate a controversial song as the official song for an annual state-sponsored ceremony commemorating the 1980 democratic movement in the city located some 380 kilometers southwest of Seoul.

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(LEAD) N.K. renames agency handling weapons development: source

SEOUL -- North Korea has recently changed the name of its military development agency, which had been deceitfully called a science lab, in a way that clarifies its mission of weaponry research, a source said Monday.

Early last year, North Korea returned the Second Academy of Natural Sciences to its old name of the Academy of the National Defense Science (ANDS), according to the source familiar with North Korean affairs.

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N.K. vows continued nuclear deterrent steps against U.S. hostile policy

SEOUL -- North Korea on Monday hinted at additional provocations by vowing that it will continue to take nuclear deterrent steps against the U.S.' hard-line policy toward it.

"Our army and people will continuously bolster up our nuclear deterrent for self defense down the road under the conditions that high-level U.S. government officials adamantly stick to their hostile policy toward us," the Rodong Sinmun, a daily of the ruling Workers' Party, said in a commentary titled "The Root of Intensification of Tension on the Korean Peninsula."

  

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Hwang, opposition lawmakers clash over THAAD

SEOUL -- Acting President and Prime Minister Hwang Kyo-ahn on Monday clashed with some members of the Democratic Party over an advanced U.S. missile defense system being rolled out in South Korea.

During his meeting with the members of the largest party in South Korea's special panel on the security issue, Hwang highlighted the urgency of installing the Terminal High Altitude Area Defense (THAAD) system here to counter North Korea's evolving nuclear and missile threats.

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Centrist party candidates split over timing of constitutional revision

SEOUL -- Three candidates competing to become the presidential nominee of the centrist People's Party clashed Monday over whether the nation should hold a referendum on a constitutional amendment during the May presidential election.

Three major parties, including the People's Party, recently agreed to push for a referendum on May 9 to seek a constitutional revision that will decentralize powers heavily concentrated in the office of the presidency.

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(LEAD) Seoul stocks fall on foreign sell-offs

SEOUL -- South Korean stocks fell Monday as foreign investors remained net sellers for the first time in 11 trading days, with investors opting to cash in part of their recent gains. The Korean won rose against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) fell 7.57 points, or 0.35 percent, to close at 2,157.01. Trade volume was moderate at 261 million shares worth 4.01 trillion won (US$3.57 billion), with losers outnumbering gainers 551 to 263.

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