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Yonhap News Summary

All News 16:53 March 14, 2016

The following is the second summary of major stories moved by Yonhap News Agency on Monday.

(LEAD) FM Yun calls for all-out efforts to resolve N.K. nuke issue

SEOUL -- Foreign Minister Yun Byung-se called on South Korean diplomats on Monday to devote all of their effort to resolving the North Korean nuclear issue following the adoption of new sanctions on the communist regime.

Yun made the call during an annual gathering of ambassadors and other heads of overseas missions, saying South Korea should lead the international community in enforcing U.N. Security Council Resolution 2270.

N. Korea has yet to invite China for rare party congress

BEIJING -- China's ruling Communist Party has yet to receive an invitation from North Korea to attend a rare party congress in May, a diplomatic source with knowledge of the matter said Monday.

North Korea is gearing up to hold the Workers' Party Congress in May. The last such party conference was held in 1980 and China sent a vice premier to Pyongyang at that time.

(LEAD) PM offers tax incentives to companies for job creation

SEOUL -- Prime Minister Hwang Kyo-ahn pledged Monday to provide tax incentives to companies that create jobs for young adults.

The government will "make efforts to expand jobs for young adults," Hwang said at the opening ceremony of a job fair in the central city of Daejeon. He did not elaborate on the tax incentives for companies.

N. Korea demands Seoul's apology, compensation for boat collision

SEOUL -- North Korea on Monday belatedly called on the South Korean government to apologize and pay compensation for a boat collision that occurred last October.

North Korea had previously claimed that a South Korean vessel deliberately slammed into North Korean fishing boat Turubong-3 in the East Sea on Oct. 1, resulting in property damage and the injury of five North Koreans

(LEAD) S Korean shares up for 4th session in row, ahead of FOMC meeting

SEOUL -- South Korean shares rose for a fourth straight session on Monday, led by gains in techs and financials, but investors remained cautious ahead of a U.S. rate decision later this week, analysts said. The local currency rose to the highest level of the year.

The benchmark Korea Composite Stock Price Index (KOSPI) added 0.86 point, or 0.04 percent, to finish at 1,972.27. It opened higher tracking gains in the U.S. stock market, but pared earlier gains caving in to institutional investors' sell-offs.

(Yonhap Interview) AI yet to conquer stock analysts, won't 'take our jobs'

SEOUL -- With Google Inc.'s self-learning program posting a series of victories over the world's top Go player, industry watchers from home and abroad cast a brighter outlook over the segment, with some predicting that the new era for artificial intelligence (AI) has just begun.

The groundbreaking win of AlphaGo against South Korean Go player Lee Se-dol drew attention from all segments, from the tech world to the medical sector. Some expect AI technology to eventually drive many people out of their jobs. The financial industry is no exception.

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