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

Park promises to make regional development policy in 'bottom-up' manner
SEOUL -- President Park Geun-hye said Thursday her government will shape its regional development policy from the bottom up by taking the wants of local governments and residents into consideration as much as possible.

   "The country I want to make is one in which people can realize their dreams and lead happy lives if they work hard, regardless of where they live," Park said while presiding over the first meeting of the Presidential Committee on Regional Development under the new government.

Mysterious absence of summit transcript likely to spark intense blame game
SEOUL -- The apparent absence of an inter-Korean summit transcript from South Korea's presidential archives is expected to spark an intense blame game between the rival parties as the mystery is sure to deal a serious blow to whichever side is found to be at fault.

   The transcript of the 2007 summit dialogue between then South Korean President Roh Moo-hyun and North Korean leader Kim Jong-il is key to efforts to determine whether Roh made remarks to the effect of offering to nullify the Yellow Sea border with the North.

Pro-N. Korea cheering squad from Japan to enter South for regional football tourney
SEOUL -- A cheering group from Japan will start entering South Korea on Thursday to root for the North Korean women's national female football team that is scheduled to play in a continental tournament here, the foreign ministry said Thursday.

   A total of 33 Koreans living in Japan will enter the country from Thursday to Tuesday to join the squad organized to cheer for North Korea in the July 20-28 East Asian Cup tournament, according to the Ministry of Foreign Affairs.

Inter-Korean body opens website on N. Korea's mineral resources
SEOUL -- A South Korean government-affiliated body on Thursday opened the nation's first website that gives a rare look into North Korea's widely untapped mineral resources.

   The South-North Korea Exchanges and Cooperation Support Association said the website ( will be updated monthly to provide the latest information on some 110 North Korean mines and its 24 minerals.

(2nd LD) Mobile carriers suspended, fined for excessive subsidies
SEOUL -- The communications watchdog on Thursday imposed a business suspension on the country's No. 2 mobile carrier and fined it and two other rivals for providing excessive subsidies to lure customers.

   KT Corp. will be banned from attracting new customers for seven days starting on July 30, as it is judged to have led an overheated competition in the local telecom market, and was fined 20.2 billion won (US$17.84 million), the Korea Communications Commission (KCC) said.

Seoul shares dip 0.64 pct on foreign selloff
SEOUL -- South Korean stocks declined 0.64 percent Thursday on a foreign selling as U.S. Federal Reserve Chairman Ben Bernanke said a tapering of the monetary easing will come in due time, analysts said. The local currency fell against the U.S. dollar.

   The benchmark Korea Composite Stock Price Index (KOSPI) fell 12.01 points to close at 1,875.48. Trading volume was moderate at 374.9 million shares worth 3.42 trillion won (US$3.05 billion), with losers outstripping gainers 463 to 317.

S. Korea urges Japan to resolve thorny history issues
SEOUL -- South Korea's first vice foreign minister once again called on Japan Thursday to strive to resolve outstanding historical issues and develop bilateral ties, Seoul's foreign ministry said.

   First Vice Foreign Minister Kim Kyou-hyun made the remarks during a meeting with Japanese Foreign Minister Fumio Kishida in Tokyo earlier in the day.

Lawmakers set details of parliamentary probe into spy agency scandal
SEOUL -- A parliamentary probe into the state spy agency's alleged meddling in last year's presidential election will begin in earnest next week with a series of hearings to be attended by the heads of relevant government agencies, parliamentary sources said Thursday.

   The probe, which began early this month for a 45-day run, has been stuck in limbo as the ruling and main opposition parties wrangled over the qualifications of each other's investigative committee members.