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

  
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(2nd LD) S. Korea requests another delay in OPCON transfer: U.S. official
By Lee Chi-dong
WASHINGTON/SEOUL -- A top U.S. government official said Tuesday that South Korea has requested another delay in the schedule to regain operational control (OPCON) of its troops in the event of war.

   "I know that has been proposed by the South Korean government, and we are looking at that, working with the South Korean government," the official told Yonhap News Agency on background.

  
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(Yonhap Interview) Hagel says no change in U.S. policy until N. Korea moves to denuclearization
By Lee Chi-dong
WASHINGTON -- U.S. Secretary of Defense Chuck Hagel made clear that his country will not engage in peace talks with North Korea as long as it stays on a nuclearization track.

   Hagel said Pyongyang has the obligation and responsibility to move toward the complete and irreversible denuclearization of the peninsula as it agreed to in a 2005 deal with the U.S., South Korea, China, Japan and Russia.

  
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Prosecutors search for ex-president's hidden assets for 2nd day
SEOUL -- State prosecutors raided a dozen properties belonging to relatives of former President Chun Doo-hwan on Wednesday in a widening investigation into a massive slush fund he stashed away while in office in the 1980s.

   A team of nearly 90 investigators and prosecutors of the Seoul Central District Prosecutors' Office and the National Tax Service raided 12 houses of Chun's relatives as well as a company affiliated with a business owned by his eldest son, Chun Jae-kook, to find the ex-president's hidden assets.

  
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(LEAD) Won's volatility hits 18-month high in Q2
SEOUL -- The daily volatility of the South Korean currency rose to the highest level in 18 months in the second quarter on fear that the U.S. may taper its monetary easing, the central bank said Wednesday.

   The average daily volatility of the local currency reached 6.6 won in the April-June period, wider than 5.4 won in the previous quarter, according to the Bank of Korea (BOK).

  
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S. Korea opens training camp for East Asian Cup
PAJU, South Korea -- South Korean men's football players reported to the national training camp ahead of a continental tournament to be held here later this month, vowing to win back the fan base frustrated by the country's subpar performances of late.

   Sixteen of the 23 players named to the squad for the East Asian Cup entered the National Football Center (NFC) here in Paju, north of Seoul, to begin preparations for the July 20-28 tournament. The round-robin event will pit South Korea against Australia, China and Japan.

  
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(LEAD) Seoul shares rally 1.13 pct on Chinese data
SEOUL -- South Korean stocks spiked 1.13 percent Wednesday as investors' sentiment was heightened by upbeat economic data from China, analysts said. The local currency fell against the U.S. dollar.

   The benchmark Korea Composite Stock Price Index (KOSPI) gained 21.13 points to close at 1,887.49. Trading volume was moderate at 378.4 million shares worth 3.97 trillion won (US$3.54 billion) with gainers outpacing losers 498 to 296.

  
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(2nd LD) S. Korea to refund foreign tourists for VAT on hotel bills
SEOUL -- South Korea plans to reimburse foreign tourists for value-added tax payments on hotel bills, expand multiple-visa issuance to tourists from China and Southeast Asian nations and create a tourist police force cracking down on exorbitant prices and other irregularities, the government said Wednesday.

   These were part of a package of measures the culture, sports and tourism ministry unveiled to attract foreign tourists. The ministry reported the plans to President Park Geun-hye during a tourism promotion meeting that she presided over for the first time since taking office in February
(END)
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