ID :
42927
Wed, 01/28/2009 - 13:46
Auther :

Yonhap News Summary

Yonhap News Summary



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

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(LEAD) Seoul welcomes N. Korean leader's remarks on nukes
SEOUL -- South Korea on Wednesday welcomed a comment by North Korean leader Kim
Jong-il that he wants to push forward with the six-party denuclearization talks.
In a meeting with a visiting Chinese official last week, Kim said he does not
want to raise tension on the Korean Peninsula and hopes to work with China to
advance the six-way negotiations, according to Chinese state media.
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(2nd LD) 6-way talks essential to end N. Korean nuke: Clinton
WASHINGTON -- The top U.S. diplomat said Tuesday that six-party talks are
"essential" to ending North Korea's nuclear weapons ambitions and that North
Korea's nuclear proliferation should be resolved quickly through direct diplomacy
of the U.S. if necessary.
U.S. Secretary of State Hillary Clinton said in her first news briefing since
taking office Thursday that "With respect to North Korea, the six-party talks are
essential," adding the multilateral talks have been "a useful forum for
participants to deal with the challenge of North Korea's nuclear program, and the
other issues that are part of the North Korean agenda."
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S. Korea urged to build trust with N. Korea for eventual reunification
WASHINGTON -- U.S. scholars Tuesday urged South Korea to build mutual trust and
develop institutions governing bilateral relations with North Korea as a
precondition for the eventual reunification of the two Koreas, divided for the
past six decades.
In a policy report posted on the Korea Economic Institute's Web site, Sangmin Bae
and Martyn de Bruyn, assistant professors of political science at Northeastern
Illinois University, noted that the European Union developed "a set of
institutions that governs relations between its member states."
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(LEAD) (Yonhap Interview) S. Korea's economy to shrink 2 pct in 2009: Moody's
SEOUL -- South Korea's economy will shrink 2 percent this year, Moody's Investors
Service forecast Wednesday, joining a growing number of research groups in
expecting the first recession in more than a decade for the Asian economic
powerhouse.
The global ratings agency forecast 2 percent growth for South Korea in November.
The latest prediction is far lower than the government's growth target of 3
percent for this year and compares with the previous year's 2.5 percent
expansion.
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Korean consumer sentiment up from 10-year low in Jan.
SEOUL -- South Korea's consumer sentiment rebounded from a 10-year low in January
on expectations that a set of economic stimulus packages would help prop up the
slumping economy, the central bank said Wednesday.
According to the Bank of Korea (BOK), the consumer survey index (CSI) -- a gauge
of consumers' overall sense of their economic outlook, living conditions and
future spending -- rose to 84 in January, compared with 81 the previous month.
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Hyundai, Kia boost overseas output by 24 pct last year
SEOUL -- Leading South Korean automaker Hyundai Motor Corp. and subsidiary Kia
Motors Co. boosted their overseas output by 24 percent from the previous year, an
industry association said Wednesday.
The two companies' combined global production topped 1.44 million units in 2008,
compared with 1.16 million units a year ago, the Korea Automobile Manufacturers
Association said.
(END)

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