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Yonhap News Summary

2017/07/17 13:30

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

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(2nd LD) S. Korea offers inter-Korean military, Red Cross talks

SEOUL -- South Korea on Monday proposed holding inter-Korean military talks later this week on reducing tensions along the border, a follow-up to President Moon Jae-in's recent peace overture made in his Berlin speech.

Seoul wants to have the rare meeting Friday at Tongilgak, a North Korean building in the truce village of Panmunjom, according to the Ministry of National Defense.

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Moon's rating declines amid political standoff over personnel choices

SEOUL -- President Moon Jae-in's approval rating declined last week amid a drawn-out political standoff over his disputed personnel choices and a fake tip-off scandal, a survey indicated Monday.

In the weekly survey conducted by local pollster Realmeter from Monday through Friday, 74.6 percent approved of Moon's job performance, down 2 percentage points from a week earlier.

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Top financial regulator nominee vows restructuring in petrochemical, steel sectors

SEOUL -- The nominee for the nation's top financial regulator said Monday he would take "bold" steps in restructuring the petrochemical and steel sectors

Choi Jong-ku, a former deputy finance minister who served at the finance ministry for about three decades, was picked by President Moon Jae-in to head the Financial Services Commission (FSC).

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Export prices of semiconductors hit record 30-month high in June

SEOUL -- Export prices of South Korean semiconductors hit a 30-month high in June, data showed Monday, in the latest sign of growing demand for chips.

The export price index of semiconductors came to 48.79 last month, the highest since December 2014, when it stood at 49.05, according to data compiled by the Bank of Korea (BOK).

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Dependence on coal-fired power output still high

SEOUL -- South Korea's coal-fired power generation increased this year as the country's new government vows to reduce its dependence on fossil fuels and nuclear power, industry data showed Monday.

According to the data compiled by the Korea Power Exchange, coal-fired power generation reached 95,550 gigawatt-hours (GWh) in the first five months of the year, up 13.6 percent from a year earlier.

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SK Telecom, SM Entertainment to join hands for content, new biz

SEOUL -- South Korea's top mobile carrier SK Telecom Co. and major entertainment agency SM Entertainment said Monday they will join forces through a series of stock sales among their affiliates, in order to beef up their content business and search for new opportunities.

Under the deal, SK Telecom will buy 65 billion won (US$57.6 million) worth of stocks to be sold by SM Entertainment's affiliate SM Culture & Contents (SM C&C), to emerge as the No. 2 stakeholder in the company with 23.4 percent.

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Stock trading via smartphones sees sharp rise

SEOUL -- Stock trading via smartphones accounted for an average 34.48 percent of daily trading on the secondary KOSDAQ market during the first half of this year, the nation's bourse operator said Monday.

In 2010, stock trading via smartphones took up just 3.8 percent of the KOSDAQ market, according to the Korea Exchange.

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Sports ministry requests prosecution probe into baseball league's alleged bid rigging

SEOUL -- The sports ministry said Monday it has requested a prosecution probe into suspected bid rigging by the national professional baseball league.

The ministry said its own preliminary investigation revealed a series of wrongdoings by the Korea Baseball Organization (KBO) when it solicited bids for a company to handle its business in China.

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(LEAD) S. Korean golfer Park Sung-hyun wins U.S. Women's Open

SEOUL -- South Korean Park Sung-hyun has captured the oldest major championship in women's golf.

The 23-year-old LPGA rookie won the U.S. Women's Open at Trump National Golf Club in Bedminster, New Jersey, on Sunday (local time), thanks to an impressive final round of five-under 67. At 11-under 277, Park defeated South Korean amateur Choi Hye-jin by two strokes to claim her first major title.

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