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Yonhap News Summary

All News 17:15 June 08, 2016

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

(2nd LD) Daewoo Shipbuilding raided over alleged accounting fraud

SEOUL -- Prosecutors raided Daewoo Shipbuilding & Marine Engineering Co. (DSME), one of the country's top three shipbuilders, on Wednesday over alleged accounting fraud and poor management amid an industrywide slump.

The Supreme Prosecutors' Office said it dispatched some 150 investigators to raid the company's headquarters in central Seoul and its Okpo Shipyard on Geoje Island off the southern coast. State-run Korea Development Bank, the largest shareholder of the shipyard, as well as Deloitte Anjin LLC were also included in some 10 organizations raided Wednesday.

(LEAD) S. Korea conducts maritime drills to protect Dokdo

SEOUL/TOKYO -- South Korea's military and coast guard on Wednesday began two-day maritime drills aimed at better safeguarding the country's easternmost islets of Dokdo, amid Japan's persistent sovereignty claim.

The South Korean military mobilized some 10 vessels, P-3 maritime surveillance aircraft and Lynx antisubmarine helicopters, along with Marine Corps personnel for the maneuvers in the East Sea, military officials said.

(LEAD) S. Korean bizmen seek gov't approval to visit Kaesong industrial park

SEOUL -- A group of South Korean businessmen asked the government Wednesday to approve their visit to the now-shuttered joint industrial park in North Korea to check their factories.

Twenty-three businessmen made the request to visit the Kaesong Industrial Complex in the North's border city of the same name, saying they needed to check their facilities ahead of the summer rainy season.

N. Korea summons workers from Kuwait after mass strike: report

SEOUL -- North Korea has summoned dozens of workers from Kuwait for staging a mass strike in protest of their working conditions, a U.S.-based media outlet said Wednesday.

According to Radio Free Asia, dozens of North Korean construction workers in Kuwait went on strike in December after their North Korean employer offered to pay them with checks cashable in the North instead of wages.

(2nd LD) Ruling party yields Nat'l Assembly speaker post to opposition

SEOUL -- After a days-long stalemate, South Korea's ruling Saenuri Party announced Wednesday that it will allow the main opposition to appoint the new National Assembly speaker, which will allow 20th National Assembly to start work in earnest.

The announcement made by Saenuri's floor leader Chung Jin-suk opens the door for the main opposition Minjoo Party of Korea to designate the new National Assembly speaker. The deadlock on who will sit in the speaker's chair has stalled all parliamentary proceedings such as picking who will chair the 18 assembly committees.

Reigning Olympic wrestling champ qualifies for Rio in heavier weight class

YANGGU -- Reigning Olympic wrestling champion Kim Hyeon-woo has qualified for this year's Rio Games in a new weight class.

The Greco-Roman star on Wednesday bulldozed through the competition to win the men's 75kg at the final national team trials in Yanggu, Gangwon Province, 175 kilometers east of Seoul.



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