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Yonhap News Summary

All Headlines 16:59 August 29, 2016

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

Unification minister calls for more int'l pressure on N.K. to give up nukes

ASTANA -- South Korea's pointman on unification on Monday called on the international community to exert more pressure on North Korea to give up its nuclear weapons as the North threatens to carry out another nuke test.

Unification Minister Hong Yong-pyo delivered a keynote speech at a two-day forum titled "Building a Nuclear Weapon-Free World" which kicked off on Sunday in Kazakhstan.

(LEAD) S. Korean Embassy in China warns against possible N. Korea terror attacks, abduction

SEOUL -- The South Korean Embassy in Beijing has warned South Koreans in China about possible terrorist attacks or abduction attempts by North Korea in the wake of the recent defection of a senior diplomat, sources said Monday.

The embassy urged South Korean residents and travelers in China to refrain from visiting the North Korea-China border areas or coming in contact with North Koreans in a message recently conveyed to South Korean expatriate groups and other associated organizations in China, according to the sources.

Memorial park for former sex slaves opens in Seoul

SEOUL -- A park commemorating the victims of Japan's sexual enslavement during its occupation of the Korean Peninsula (1910-45) opened at a mountain in central Seoul on Monday, marking the 106th anniversary of the colonization.

The Seoul Metropolitan Government held an opening ceremony at the park located on Mount Nam, or Namsan, together with a committee which has been in charge of creating the memorial park since last year.

(LEAD) S. Korean shares down for 4th day on U.S. rate woes

SEOUL -- South Korean stocks closed lower on Monday, extending their losing streak to a fourth day as the market remained under pressure from indications that the U.S. may soon raise its key interest rate. The local currency sharply lost ground against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) dropped 5.15 points, or 0.25 percent, to 2,032.35. Trade volume came to 314.35 million shares worth 3.80 trillion won (US$3.3 billion), with losers outnumbering gainers 668 to 157.

Corporate loans slightly increase in Q2

SEOUL -- Loans extended by local lenders to businesses rose slightly at the end of June from three months earlier due to increased facility investments, central bank data showed Monday.

Outstanding loans extended to local companies by financial institutions came to 970.7 trillion won (US$863 billion) as of end-June, up 11.6 trillion won or 1.2 percent from the previous quarter, according to data from the Bank of Korea (BOK).

(News Focus) Telecom firms plug into K-pop to woo young customers

SEOUL -- South Korea's three mobile carriers are ramping up their marketing campaigns by launching a one-off pop band or offering product promotions with K-pop idols to broaden their appeal to young customers.

The strategy appears to have paid off after last year's successful marketing blitz by market leader SK Telecom Co., which selected Seolhyun of girl group AOA to endorse the company's wireless services.

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