ID :
34120
Fri, 12/05/2008 - 19:40
Auther :

Yonhap News Summary

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

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S. Korean minister postpones talks with Rice
SEOUL -- South Korean Foreign Minister Yu Myung-hwan has canceled his visit to
Washington next week for "strategic dialogue" with his American counterpart
Condoleezza Rice, a ministry official said Friday.
Yu and Rice had planned to meet on Dec. 8 to coordinate the allies' policy on the
North Korean nuclear crisis and other global issues.
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(LEAD) Activists to halt flying anti-N.K. leaflets
SEOUL - Conservative activists in South Korea said Friday they will temporarily
suspend sending anti-Pyongyang leaflets across the inter-Korean border, going
along with Seoul's effort to temper friction with the communist neighbor.
The spreading of the leaflets has become yet another bone of contention between
the two divided countries, with North Korea sharply restricting passage across
their shared border in retaliation.
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Seoul mulls compensation to N. Korea for return of POWs
SEOUL -- South Korea is considering "incentives" that include financial
compensation to North Korea for the return of South Korean soldiers held prisoner
since the end of the Korean War, an official at the defense ministry said Friday.
At least 560 former South Korean soldiers are still believed to be held in the
communist North since they were taken prisoner during the three-year Korean War,
the official said, asking not to be identified due to the sensitivity of the
issue.
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Finance minister dismisses March crisis theory
SEOUL -- South Korea's finance minister on Friday brushed aside a fast-spreading
rumor that the country may suffer a fresh foreign exchange crisis early next year
due to a massive exodus of foreign capital.
Fears are growing that South Korea's financial system may face a meltdown as
Japanese banks could unload their holdings of bonds issued by the South Korean
government to settle accounts before March.
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Seoul shares trade 2.1 pct higher in late morning
SEOUL -- South Korean stocks traded 2.09 percent higher late Friday morning as
institutional investors picked up steel and transportation shares, shrugging off
overnight falls in U.S. markets, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) climbed 21.01 points to
1,027.55 as of 11:20 a.m.
(END)

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