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Yonhap News Summary

2017/09/04 16:58

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

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(LEAD) N.K. may fire ICBM toward North Pacific: Seoul spy agency

SEOUL -- North Korea may fire an intercontinental ballistic missile (ICBM) toward the North Pacific following its sixth nuclear test, South Korea's spy agency was quoted by a lawmaker as saying Monday.

The National Intelligence Service (NIS) also told lawmakers that more analysis is needed to verify whether the North detonated an electromagnetic pulse-based bomb or a hydrogen bomb during its nuclear test on Sunday.

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(2nd LD) Allies seek to deploy aircraft carrier, strategic bomber in response to N.K. nuke test

SEOUL -- South Korea and the United States will seek to deploy a nuclear-powered aircraft carrier, strategic bombers and other powerful assets to the Korean Peninsula as a response to North Korea's latest nuclear test, Seoul's defense ministry said Monday.

In its report to the National Assembly's defense committee, the ministry also said that its military will stage a unilateral live-fire drill, which involves Taurus air-to-surface guided missiles mounted on its F-15K fighter jets, this month. The missile with a range of 500 kilometers is capable of launching precision strikes on the North's key nuclear and missile facilities.

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(LEAD) Environment ministry gives conditional consent to THAAD deployment

SEOUL -- The Ministry of Environment said Monday it has given conditional consent to the deployment of a U.S. missile defense system, removing the last administrative hurdle for its full operation fiercely opposed by local residents and activists.

The ministry said it found the adverse environmental impact from deploying the Terminal High Altitude Area Defense (THAAD) on the designated region of Seongju, North Gyeongsang Province, to be limited, after reviewing the results of the Ministry of National Defense's survey of the site.

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PM calls for sincere explanations to China about decision to host THAAD

SEOUL -- Prime Minister Lee Nak-yon said Monday that South Korea should offer sincere explanations to China about its decision to host the U.S. THAAD missile defense system that Beijing sees as a threat to its national security.

Lee issued the instruction during a meeting with senior aides, saying China has pent-up disappointment with Seoul as the previous administration of former President Park Geun-hye decided to host THAAD, just 10 days after it said it wouldn't do so.

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(LEAD) Regulator to cut interest on overdue debt, premiums of indemnity medical insurance

SEOUL -- South Korea's top financial regulator said Monday it will cut the interest on overdue debt and the premiums of indemnity medical insurance in line with the government's policy of easing the financial burdens for low-income earners.

Choi Jong-ku, chairman of the Financial Services Commission (FSC), also said the FSC will actively encourage insurance firms to return unclaimed insurance benefits worth 7.6 trillion won (US$6.71 billion) to customers.

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(LEAD) Seoul shares shed over 1 pct on N. Korean nuke provocation

SEOUL -- South Korean stocks sank by more than 1 percent Monday as the escalating geopolitical tension following Pyongyang's nuclear test soured investor sentiment, analysts said. The Korean won sharply fell against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) dropped 28.04 points, or 1.19 percent, to 2,329.65. Trade volume was low at 244 million shares worth 4.32 trillion won (US$3.81 billion), with losers far outnumbering gainers at 715 to 124.

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