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Yonhap News Summary

All News 17:21 April 08, 2016

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

13 N. Koreans from overseas restaurant defect to S. Korea: Seoul

SEOUL -- More than 10 North Koreans working at a restaurant in a foreign country have defected to South Korea this week, Seoul's unification ministry said Friday.

A group of 13 North Koreans -- one male manager and 12 female employees -- entered South Korea on Thursday, the ministry handling inter-Korean affairs said.

Park to meet Norway's leader next week

SEOUL -- President Park Geun-hye will meet with her Norwegian counterpart, Erna Solberg, in Seoul next week to discuss bilateral ties, Cheong Wa Dae said Friday.

The meeting, which will take place on April 15, will be an opportunity for the two countries to expand bilateral ties and discuss issues surrounding the Korean Peninsula, the presidential office said.

(LEAD) Korean stocks down 0.1 pct on profit-taking

SEOUL -- South Korean stocks shed 0.1 percent on Friday as institutional investors opted to lock in recent gains following overnight falls in Wall Street, analysts said. The local currency fell against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) fell 1.84 points to close at 1,972.05. Trade volume was moderate at 395 million shares worth 4.33 trillion won (US$3.75 billion), with losers outnumbering gainers 406 to 390.

S. Korea to bolster GPS signal protection amid N. Korean threats

SEOUL -- South Korea will beef up its system to protect GPS signals to counter North Korea's jamming attempts, a related ministry said Friday.

The Ministry of Science, ICT and Future Planning convened an inter-agency meeting of officials handling radio affairs and discussed ways to cope with the threat highlighted in recent days.

Orioles' Kim Hyun-soo eager to make big league debut

BALTIMORE, Maryland -- Three games into the 2016 Major League Baseball (MLB) season, Kim Hyun-soo of the Baltimore Orioles has yet to get off the bench.

And when he does, Kim said he wants to show he belongs.

N.K. steps up personality cult around leader Kim ahead of May congress

SEOUL, April 8 (Yonhap) -- North Korea is stepping up efforts to glorify leader Kim Jong-un in the run-up to the ruling party's landmark congress in May which would focus on solidifying Kim's one-man leadership, a government official said Friday.

"I think the main goal of the upcoming party congress would be to build up Kim Jong-un's one-man rule," Lim Byeong-cheol, director general of the Unification Ministry's Intelligence and Analysis Bureau, said in a conference on North Korea policy earlier in the day.

LG to enjoy improved Q1 on home appliances, TVs

SEOUL -- LG Electronics Inc. is estimated to have enjoyed improved earnings for the first quarter, analysts said Friday, on the back of the strong recovery in its sales of home appliances and TVs.

According to the data compiled by Yonhap Infomax, the financial arm of Yonhap News Agency, South Korea's 12 brokerage houses on average estimated LG Electronics' first-quarter operating profit at 433.5 billion won (US$373.2 million), up 42 percent from a year earlier.

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