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Yonhap News Summary

All Headlines 12:50 March 10, 2016

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

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N. Korea to nullify inter-Korean projects, liquidate S. Korean assets

SEOUL -- North Korea said Thursday it will nullify all cross-border agreements on economic cooperation and liquidate South Korean assets in the country in response to Seoul's latest sanctions.

"From this moment, we will view all agreements which the two Koreas have made on economic cooperation and exchanges as invalid," said a spokesman at the committee for handling inter-Korean affairs.

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S. Korea deploys anti-aircraft missiles along maritime border

SEOUL -- South Korea has deployed a newly developed anti-aircraft missile system along the maritime border with North Korea in the Yellow Sea, a military official said Thursday.

"The surface-to-air guided missile system, Cheongung, was placed in the northwest islands area early this year to defend it from North Korean aircraft," the military official said, asking not to be named.

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'Descendants of the Sun' outpaces 'My Love from the Star'

SEOUL -- The new television series "Descendants of the Sun" has soared past 30 percent in viewership in Seoul, which is faster than the 2014 hit drama "My Love from the Star" managed to do, data by Nielsen Korea showed Thursday.

The fifth episode of the KBS 2TV drama recorded 31.2 percent viewership here Wednesday, the first time it has reached that milestone since premiering on Feb. 24.

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BOK holds key rate steady despite signs of sluggish economy

SEOUL -- Bank of Korea (BOK) left its key rate unchanged Thursday, again extending its wait-and-see mode despite signs of a slowing economy and exports.

In a widely expected decision, the central bank's monetary policy board kept the base rate frozen at a record low of 1.5 percent for March.

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N. Korea fires two short-range missiles into East Sea

SEOUL -- North Korea fired two short-range missiles into the East Sea on Thursday in a show of protest against the ongoing joint military exercises between South Korea and the United States, the Joint Chiefs of Staff (JCS) said.

The ballistic missiles were fired at around 5:20 a.m. from the central province of North Hwanghae bordering South Korea, according to the JCS.

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(Yonhap Feature) Scholars tell why 'hallyu' no longer a Korean phenomenon

SEOUL -- When the Asiawide popularity of Korean pop culture known here as "hallyu" started in the late 1990s, few people could say with any certainty whether it would be around for long. In fact, the academic community took little interest in the phenomenon, which wasn't even recognized as such. Many in South Korea remember wondering when this "hallyu" thing would peter out.

Fast forward to 2016 and "hallyu" is alive and strong. Its influence has transcended even more boundaries, with teenage girls from all over the Americas, Europe and the Middle East listening to BigBang. KCON, a festival about all things K-pop, has become an annual fixture in the U.S. and is branching out to other countries, like the United Arab Emirates.

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S. Korea lowers barrier on issuing trade visas

SEOUL -- South Korea will relax requirements for issuing trade visas starting next week in an effort to increase exports of domestic products, the government said Thursday.

The Ministry of Justice said a points system will be introduced from Monday to issue D-9-1 visas to overseas traders who perform export and import activities in South Korea.
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