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

  
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S. Korea urges N. Korea to quickly reply to talks offer
SEOUL -- South Korea called on North Korea Tuesday to respond promptly to its proposal to hold final talks to normalize an inter-Korean industrial complex that has remained shut down for nearly four months.

   The North has yet to respond to Seoul's offer Monday for negotiations on the normalization of the Kaesong Industrial Complex in the communist country. The South has warned of a "grave" decision if the North doesn't respond or if it doesn't change its stance on measures to prevent a recurrence of disruptions.

  
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S. Korea-U.S. defense dialogue covers N. Korea, OPCON transition
SEOUL -- Senior South Korean and U.S. military officials held a high-level defense meeting Tuesday to assess security threats on the Korean Peninsula and prepare for the planned transition of the wartime operational control (OPCON) to Seoul.

   The two-day Korea-U.S. Integrated Defense Dialogue (KIDD) took place in Seoul in order for the two countries to discuss military issues and security agendas as they seek to maintain a close alliance and a strong deterrence against North Korea.

  
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Two people killed in bridge ramp collapse in Seoul
SEOUL -- Two Chinese workers were killed and another injured as a section of an under-construction ramp onto a bridge over the Han River collapsed Tuesday, police and city officials said.

   A 47-meter-long steel structure and heavy equipment fell from the entrance ramp onto Banghwa Bridge in western Seoul shortly after 1 p.m., crushing the ill-fated workers, according to Seoul's Gangseo Police Station and the Seoul Metropolitan Government.

  
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Prosecution raids ex-tax chief's home, tax office over CJ lobbying scandal
SEOUL -- State prosecutors on Tuesday raided the residence of a former chief of the national tax agency and its Seoul regional office as part of their investigation into an alleged bribery exchange between CJ Group and former top tax officials.

   After indicting CJ Group Chairman Lee Jay-hyun of embezzlement and offshore tax evasion charges, prosecutors have been expanding their probe into suspicions that the local food and entertainment conglomerate provided bribes to former chief Jeon Gun-pyo and former deputy chief Heo Byung-ik of the National Tax Service (NTS) in return for favors during a 2006 tax audit into the group.

  
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Prosecutors to summon ex-President Roh's aide over summit transcript
SEOUL -- Prosecutors investigating the disappearance of a 2007 inter-Korean summit transcript plan to question a presidential official under the former Roh Moo-hyun government this week, sources close to the investigation and politicians said Tuesday.

   The Seoul Central District Prosecutors' Office has ordered a former presidential staff member of Roh to appear for questioning, while more ex-presidential officials are expected to be called in, the sources said, adding the date of the summons remains unknown.

  
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U.S. sanctions chief holds talks with Seoul officials
SEOUL -- The United States official in charge of anti-terrorism sanctions on Tuesday met with a South Korean deputy foreign minister in an apparent bid to discuss ways to secure tight implementation of sanctions on nuclear-ambitious North Korea.

   David S. Cohen, undersecretary for terrorism and financial intelligence at the U.S. Treasury, sat down for talks with Deputy Foreign Minister Kim Kyou-hyun at the ministry in central Seoul. Cohen was scheduled to also meet with Cho Tae-yong, Seoul's chief negotiator to the long-stalled six-party talks, later in the day.

  
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Shinhan Financial Q2 net down 12.1 pct on poor margin
SEOUL -- Shinhan Financial Group Co., South Korea's No. 4 banking group, said Tuesday its second-quarter earnings declined 12.1 percent from a year earlier on a fall in profit margin.

   Net income amounted to 555.3 billion won (US$498.4 million) in the April-June period, compared with 631.8 billion won in the previous year, the group said in a regulatory filing. From three months earlier, net profit gained 15.5 percent.

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Seoul shares gain 0.9 pct ahead of FOMC meeting
SEOUL -- South Korean stocks closed 0.9 percent higher Tuesday, as investors kept a wary eye on the U.S. Federal Reserve's monetary meeting in regards to the tapering of its stimulus, analysts said. The local currency fell against the U.S. dollar.

   The benchmark Korea Composite Stock Price Index (KOSPI) rose 17.16 points to finish at 1,917.05. Trading volume was moderate at 362.4 million shares worth 3.54 trillion won (US$3.17 billion) with gainers outstripping decliners 483 to 305.

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