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Yonhap News Summary

2017/03/17 17:00

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

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(4th LD) Tillerson begins trip to S. Korea amid growing N.K. threats

SEOUL -- U.S. Secretary of State Rex Tillerson began his two-day trip to South Korea on Friday, which is expected to focus on discussing ways to strengthen the bilateral alliance and fend off the growing threats from North Korea.

Tillerson arrived at Osan Air Base in Pyeongtaek, 70 kilometers south of Seoul, at about 10:10 a.m. He came from Japan where he held talks with Prime Minister Shinzo Abe and others in Tokyo on Thursday.

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(LEAD) 3 heavyweights advance to People's Party presidential primary

SEOUL -- Three heavyweights within the minor opposition People's Party advanced to the final round of the presidential primary Friday ahead of the May presidential vote.

South Korea is set to hold an early presidential election on May 9 following the dismissal of President Park Geun-hye over a corruption scandal. Chances are high that voters will gravitate toward the liberal bloc, including the People's Party, to punish the conservatives for their failed administration.

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IOC chief says PyeongChang faces 'no real challenges' in Winter Games prep

PYEONGCHANG, South Korea -- International Olympic Committee (IOC) President Thomas Bach said Friday PyeongChang, the South Korean host of the 2018 Winter Games, has done such a great job in its preparations that he doesn't "see real challenges."

   Bach made the remark at a press conference following the conclusion of the IOC's Executive Board meeting at Alpensia Convention Centre in PyeongChang, some 180 kilometers east of Seoul. During his stay, Bach visited the construction site for the Olympic Village and received reports on PyeongChang's preparations for the first Winter Olympics in South Korea.

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PyeongChang launches Olympic cooperation projects with Tokyo, Beijing

PYEONGCHANG, South Korea -- Organizers of the 2018 PyeongChang Winter Games said Friday they've launched cooperation projects with their neighbors who are also preparing to host future Olympics.

PyeongChang has agreed with Tokyo, host of the 2020 Summer Olympics, and Beijing, which will stage the 2022 Winter Games, to cooperate in two major areas: the efficient preparations of their respective Olympic Games and the promotion of the Olympic Movement.

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(LEAD) Seoul stocks hit fresh 2-year highs on eased Fed rate concerns, foreign buying

SEOUL -- South Korean stocks reached fresh highs in almost two years on Friday, extending the winning streak to a second day, on eased concerns over the pace of rate hikes in the U.S. and extended foreign buying, analysts said. The Korean won rose against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) advanced 4.5 points, or 0.67 percent, to close at 2,164.58. Trade volume was moderate at 297 million shares worth 4.83 trillion won (US$4.27 billion), with gainers outnumbering losers 420 to 376.

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N. Korea submits roster for women's hockey tournament in S. Korea

PYEONGCHANG, South Korea -- North Korea has submitted a roster for an upcoming women's hockey tournament in South Korea, local organizers said Friday, though its participation will still need Seoul's approval.

The International Ice Hockey Federation (IIHF) Women's World Championship Division II Group A will take place in Gangneung, Gangwon Province, some 230 kilometers east of Seoul, from April 2-8. It will be held as a test event for the 2018 PyeongChang Winter Olympics.

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