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Yonhap News Summary

All News 13:34 March 02, 2016

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

S. Korea begins 3-day anti-terrorism inspection of key facilities

SEOUL -- South Korea kicked off its three-day inspection of airports, harbors and other key facilities on Wednesday to check readiness to counter any North Korean terrorist attack at the public facilities, the military said.

The government has repeatedly warned of possible terrorist attacks carried out by North Korea on the South following the communist nation's recent nuclear test and launch of a long-range rocket.

S. Korean shares up 1.47 pct in late morning trade

SEOUL -- South Korean shares advanced 1.47 percent late Wednesday morning on the back of gains in global oil prices and taking cue from a bull run in overseas stock markets.

The benchmark Korea Composite Stock Price Index (KOSPI) shot up 28.26 points to 1,944.92 as of 11:20 a.m.

(LEAD) N. Korea to boycott U.N. human rights forum

GENEVA/SEOUL -- North Korea has said it will boycott the U.N. Human Rights Council session and will not be bound by any resolutions that single out the country for censure.

North Korean Foreign Minister Ri Su-yong on Tuesday claimed the council meeting has been politically contaminated and members are applying double standards.

(5th LD) U.N. Security Council postpones vote on N.K. resolution until Wednesday

WASHINGTON/NEW YORK -- The U.N. Security Council postponed a vote on a new resolution expanding sanctions on North Korea until Wednesday as Russia asked for more time to review the draft resolution, officials said Tuesday.

The vote, which had been scheduled for 3 p.m. Tuesday, has now been rescheduled for 10 a.m. Wednesday as Russia, a veto-holding permanent member of the council, asked for a 24-hour review of the draft worked out between the United States and China, U.N. diplomats said.

(2nd LD) Industrial output dips 1.9 pct in Jan. on slump in auto and chip-making segment

SEJONG -- South Korea's industrial output fell for three months in a row in January due to a slump in the electronics and automaking sectors amid faltering outbound shipments, a government report showed Wednesday.

Production in the mining, manufacturing, gas and electricity industries dropped 1.9 percent last month from a year earlier, contracting for the third consecutive month, according to the report by Statistics Korea. Compared with a month earlier, industrial output also retreated 1.8 percent.

N.K. leader inspects missile-producing factory

SEOUL -- North Korean leader Kim Jong-un has inspected a machinery factory, known as a key plant used in the manufacturing of parts related to missile development, the North's state media said Wednesday.

The North's leader visited the Thaesong Machine Factory where he stressed the need to modernize its production for the development of the country's machine-building industry, the Korean Central News Agency report said. It did not reveal the timing of Kim's inspection.

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