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Yonhap News Summary

2017/03/08 17:28

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

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(2nd LD) Kim Jong-nam's son appears on YouTube, claims father murdered

SEOUL, March 8 (Yonhap) -- A son of Kim Jong-nam, the ill-fated half brother of North Korea's leader, said his father was murdered, an online video clip showed on Wednesday.

"My name is Kim Han-sol from North Korea, part of the Kim family," the man said in English on YouTube, suggesting he is a descendant of North Korea's family that has ruled North Korea for three generations. "My father was killed a few days ago."

  

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(2nd LD) THAAD radar system to be delivered this month: source

SEOUL, March 8 (Yonhap) -- The powerful "X-band" radar, a core part of the advanced U.S. missile defense system being deployed in South Korea, will be delivered within this month, a military official said Wednesday.

On Monday night, two missile launchers and other equipment of the Terminal High Altitude Area Defense (THAAD) system arrived at Osan Air Base in Pyeongtaek, 70 kilometers south of Seoul.

"The radar system for THAAD will be delivered within this month to undergo an operational test and to be installed as quickly as possible," the official told Yonhap News Agency asking not to be named.

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Park's supporters rally outside court as impeachment ruling nears

SEOUL, March 8 (Yonhap) -- President Park Geun-hye's supporters rallied again outside the Constitutional Court on Wednesday, the last day the court is expected to announce the date of its ruling on the president's impeachment.

Park was impeached by parliament in December for allegedly letting her close friend Choi Soon-sil meddle in state affairs and colluding with her to extort millions of dollars from local conglomerates, including Samsung Group.

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Mirae Asset fined 2 bln won for Hanoi tower-related securities sale

SEOUL, March 8 (Yonhap) --- Mirae Asset Daewoo Co., a leading brokerage firm in South Korea, was fined 2 billion won (US$1.7 million) on Wednesday for skipping the reporting of its securities sale based on the Landmark 72 tower in Hanoi, Vietnam's tallest building.

The Financial Services Commission (FSC) made the final decision to punish Mirae, saying it failed to submit a report on the sale of asset-backed securities worth 300 billion won last year.

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Acting president renews vow to carry out THAAD deployment

GYERYONGDAE, South Korea, March 8 (Yonhap) -- South Korea's Acting President and Prime Minister Hwang Kyo-ahn on Wednesday reiterated Seoul's determination to press ahead with the installation of a U.S. missile defense system to the peninsula despite strong objections from China and liberal opposition parties.

During a joint commissioning ceremony of major military academies, Hwang underscored the need to install a Terminal High Altitude Area Defense (THAAD) battery in the South to cope with North Korea's possible nuclear provocations.

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(LEAD) China's top diplomat renews strong objection to THAAD deployment

BEIJING/SEOUL, March 8 (Yonhap) -- China's top diplomat on Wednesday voiced his strong objection to the deployment of an advanced U.S. missile defense system in South Korea, calling it a mistake that threatens Seoul's security going forward.

Chinese Foreign Minister Wang Yi made the renewed opposition as Seoul and Washington recently started the process of deploying the Terminal High Altitude Area Defense (THAAD) system in South Korea.

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Sales of Chinese goods in S. Korea not yet affected despite missile row

SEOUL, March 8 (Yonhap) -- Chinese products have yet to suffer from a setback in sales in South Korea despite Beijing's retaliation against South Korean products over Seoul's deployment of an advanced U.S. missile defense system, industry sources said Wednesday.

Beijing insists the installation of the Terminal Altitude Area Defense (THAAD) will undermine China's security interests, although Seoul says it is to defend against North Korean provocations, not against China.

The Chinese government has shut down many Lotte outlets in China, citing violations of fire safety regulations while banning imports of Korean pop culture content and the sale of tour packages to South Korea.

E-Mart, South Korea's largest discount chain, said Wednesday that sales of Chinese beer Tsingtao surged 16.8 percent during the first week of this month compared to the same period last year.

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High school cancels diploma of Choi Soon-sil's daughter

SEOUL, March 8 (Yonhap) -- A local high school on Wednesday nullified the diploma of the daughter of President Park Geun-hye's close friend who is at the center of a massive political scandal, after multiple records of her academic affairs were found to have been fabricated.

Seoul Chungdam High School said on its website that it has corrected the academic grades of Chung Yoo-ra, the only daughter of Choi Soon-sil, and invalidated the awards she received from the school.

Chung, currently held in custody in Denmark, has been embroiled in a scandal following allegations that she received undue favors in admission and academic affairs at Seoul's Ewha Womans University based on her mother's ties to President Park. Similar irregularities have been detected at the high school.

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Mega real estate deals in Jeju stalled amid THAAD row

JEJU ISLAND, South Korea, March 8 (Yonhap) -- Large-scale real estate developments funded by Chinese investors on South Korea's resort island are struggling to move forward amid deepening diplomatic tension between China and Korea over the deployment of a U.S. anti-missile defense system.

A subcontractor for the development of a resort hotel on Jeju Island, led by Shanghai-based Greenland Holdings Corp., pulled all their construction equipment from the site last week in protest of overdue payments.

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