ID :
21906
Mon, 09/29/2008 - 16:12
Auther :
Shortlink :
http://m.oananews.org//node/21906
The shortlink copeid
The following is the summary of major stories moved by Yonhap News Agency on Monday.
(LEAD) State Dept. announces Hill's Seoul trip, yet to confirm Pyongyang tour
WASHINGTON -- The U.S. State Department Sunday said that Assistant Secretary of State Christopher Hill will depart for Seoul on Monday, but would not confirm the report that Hill will subsequently travel to Pyongyang over stalled multilateral nuclear talks.
"I can confirm that Assistant Secretary Hill leaves Monday and arrives Tuesday to
Seoul. That's the only information I have at this time," Kelly McKellogg,
spokeswoman for the East Asian and Pacific Affairs Bureau, said.
-----------------
(LEAD) Seoul shares drop on doubts over US rescue plan
SEOUL -- South Korean shares fell on Monday as investors got skittish on doubts
over the impact of the U.S. financial bail-out plan and a weaker won, analysts
said. The local currency fell sharply against the U.S. dollar.
The benchmark Korea Composite Stock Price Index (KOSPI) fell 19.97 points, or
1.35 percent, to 1,456.36. Volume was thin at 344.17 million shares worth 4.9
trillion won (US$4.13 billion), with losers outpacing gainers 518 to 273.
-----------------
N. Korea slams Seoul's decision to organize N.K. human rights panel
SEOUL -- Pyongyang blasted South Korea for its decision to create a special panel
on North Korean human rights, calling the move an "unpardonable provocation."
"We solemnly denounce the anti-DPRK human rights fuss by the Lee Myung-bak Group,
labeling it as a vicious profanity of our dignity and system and another
unpardonable provocation toward us," the Democratic Front for the Reunification
of the Fatherland said in a statement Sunday.
-----------------
Seoul proposes new date for military talks with N. Korea: source
SEOUL -- South Korea, in response to a proposal by North Korea for military talks
this month, suggested on Monday that the proposed meeting be delayed until early
next month, a military source said.
The talks, if held, will be the first of their kind since South Korea's Lee
Myung-bak government was inaugurated in February. Military talks between the
divided Koreas were last held on Jan. 25.
-----------------
Lee seeks tripartite cooperation projects with Russia, N. Korea
MOSCOW -- South Korean President Lee Myung-bak said on Sunday that Russia has an
important role to play in helping to promote inter-Korean dialogue and economic
cooperation.
Lee, who arrived here earlier on Sunday for a three-day official visit, said his
government will push for tripartite economic cooperation projects with Russia and
North Korea after strengthening resource diplomacy with Russia.
-----------------
(LEAD) S. Korea to take steps to stabilize currency market: official
SEOUL -- Growing volatility in the local currency market is "excessive" and South
Korea will take necessary actions to stabilize it, a senior finance ministry
official said Monday.
"The sharp volatility in the won-dollar exchange rate is determined to be
excessive and we will take necessary action to stabilize the local currency
market," Choi Jong-ku of the ministry's international financial division told
reporters.
-----------------
S. Korean firms believe U.S. financial turmoil will cause global recession
SEOUL -- More than 70 percent of South Korean companies believe that turmoil in
the U.S. financial markets will cause a global recession, according to survey
results announced Monday.
The Federation of Korean Industries, South Korea's largest business lobby,
reported 70.6 percent of local companies said they believed the U.S. financial
crisis would force the world's real economies into "a recession" or "spread into
a global credit crisis."
WASHINGTON -- The U.S. State Department Sunday said that Assistant Secretary of State Christopher Hill will depart for Seoul on Monday, but would not confirm the report that Hill will subsequently travel to Pyongyang over stalled multilateral nuclear talks.
"I can confirm that Assistant Secretary Hill leaves Monday and arrives Tuesday to
Seoul. That's the only information I have at this time," Kelly McKellogg,
spokeswoman for the East Asian and Pacific Affairs Bureau, said.
-----------------
(LEAD) Seoul shares drop on doubts over US rescue plan
SEOUL -- South Korean shares fell on Monday as investors got skittish on doubts
over the impact of the U.S. financial bail-out plan and a weaker won, analysts
said. The local currency fell sharply against the U.S. dollar.
The benchmark Korea Composite Stock Price Index (KOSPI) fell 19.97 points, or
1.35 percent, to 1,456.36. Volume was thin at 344.17 million shares worth 4.9
trillion won (US$4.13 billion), with losers outpacing gainers 518 to 273.
-----------------
N. Korea slams Seoul's decision to organize N.K. human rights panel
SEOUL -- Pyongyang blasted South Korea for its decision to create a special panel
on North Korean human rights, calling the move an "unpardonable provocation."
"We solemnly denounce the anti-DPRK human rights fuss by the Lee Myung-bak Group,
labeling it as a vicious profanity of our dignity and system and another
unpardonable provocation toward us," the Democratic Front for the Reunification
of the Fatherland said in a statement Sunday.
-----------------
Seoul proposes new date for military talks with N. Korea: source
SEOUL -- South Korea, in response to a proposal by North Korea for military talks
this month, suggested on Monday that the proposed meeting be delayed until early
next month, a military source said.
The talks, if held, will be the first of their kind since South Korea's Lee
Myung-bak government was inaugurated in February. Military talks between the
divided Koreas were last held on Jan. 25.
-----------------
Lee seeks tripartite cooperation projects with Russia, N. Korea
MOSCOW -- South Korean President Lee Myung-bak said on Sunday that Russia has an
important role to play in helping to promote inter-Korean dialogue and economic
cooperation.
Lee, who arrived here earlier on Sunday for a three-day official visit, said his
government will push for tripartite economic cooperation projects with Russia and
North Korea after strengthening resource diplomacy with Russia.
-----------------
(LEAD) S. Korea to take steps to stabilize currency market: official
SEOUL -- Growing volatility in the local currency market is "excessive" and South
Korea will take necessary actions to stabilize it, a senior finance ministry
official said Monday.
"The sharp volatility in the won-dollar exchange rate is determined to be
excessive and we will take necessary action to stabilize the local currency
market," Choi Jong-ku of the ministry's international financial division told
reporters.
-----------------
S. Korean firms believe U.S. financial turmoil will cause global recession
SEOUL -- More than 70 percent of South Korean companies believe that turmoil in
the U.S. financial markets will cause a global recession, according to survey
results announced Monday.
The Federation of Korean Industries, South Korea's largest business lobby,
reported 70.6 percent of local companies said they believed the U.S. financial
crisis would force the world's real economies into "a recession" or "spread into
a global credit crisis."
