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Yonhap News Summary

2017/03/13 17:09

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

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(LEAD) U.S. to deploy unmanned attack aircraft to S. Korea: source

SEOUL -- The United States will deploy an unmanned attack aircraft to its military unit in South Korea to enhance its strike capabilities against ground targets in North Korea, a military official said Monday.

"The U.S. Army has begun the process to dispatch a squadron, which will operate the Grey Eagle unmanned aircraft, to a U.S. unit in Gunsan (274 kilometers south of Seoul)," the official told Yonhap News Agency asking not to be identified.

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(LEAD) N.K. leader's half sister may be leading military decision-making body: expert

SEOUL -- The older half sister of North Korea's leader Kim Jong-un appears to be leading a key organization of the North's military, an expert claimed Monday.

Kim Sol-song is seen as leading the decision-making body of the Supreme Command of the Korean People's Army (KPA), Lee Yun-keol, a research fellow at the Sejong Institute, said.

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CJ offices raided in probe into compromising videos of Samsung chief

SEOUL -- Prosecutors on Monday raided some offices of the country's food and entertainment conglomerate CJ after one of its former employees was found to have been involved in producing compromising video clips of Samsung Electronics Co. Chairman Lee Kun-hee's private life.

In July 2016, Newstapa, an online news outlet run by the Korea Center for Investigative Journalism, unveiled the videos and reported that the business tycoon paid money to suspected sex workers five times between December 2011 and June 2013 at his houses in southern Seoul.

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S. Korea's finance minister to remain alert against possible risks

SEJONG -- South Korea's top economic policymaker said Monday he will never let his guard down and take firm action against any possible changes in the real economy and the financial market in the aftermath of the country's leadership vacancy.

"The government will keep operating in emergency mode and deal firmly with pending issues," Finance Minister Yoo Il-ho told reporters in Sejong. "We have been monitoring the market around the clock for months, and nothing has been unusual."

  

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Gov't close to holding presidential election on May 9: official

SEOUL -- The government is close to fixing the date of the presidential election to May 9, a senior official said Monday, in the wake of the ouster of President Park Geun-hye.

Park was removed from office Friday after a court ruled to uphold her impeachment over a corruption scandal.

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(News Focus) Despite claims, U.S. bigger winner in FTA with S. Korea: experts

SEOUL -- The United States has benefited even more than South Korea has from the countries' free trade agreement (FTA), experts here said Monday, noting a demand to renegotiate the terms of the bilateral pact by Washington may well work to serve Seoul's interest.

The Korea-U.S. FTA, also known as the KORUS FTA, went into effect five years ago this week.

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(LEAD) Seoul stocks vault to almost 2-year high on eased uncertainties

SEOUL -- South Korean stocks rose to the highest level in almost two years on Monday on increased risky appetites following eased political chaos in Asia's fourth-largest economy and sound economic data in the U.S. The Korean won sharply rose against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) advanced 20.24 points, or 0.97 percent, to close at 2,117.59. Trade volume was moderate at 378 million shares worth 4.57 trillion won (US$3.99 billion), with gainers outnumbering losers 458 to 366.

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