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Yonhap News Summary

All Headlines 14:15 August 30, 2016

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

(LEAD) Receivership looms larger over Hanjin Shipping

SEOUL -- Creditors of Hanjin Shipping Co. on Tuesday decided not to extend additional support to the cash-strapped shipper, creditor sources said, triggering speculation about its possible court receivership.

A creditor-led restructuring scheme for the largest South Korean shipper is set to end Sept. 4, which means the Hanjin Group company will be left with little choice but to file for receivership before the deadline.

Seoul to ban homework for lower grades at elementary schools

SEOUL -- The Seoul city education office said Tuesday it will ban elementary schools from giving homework to lower grades starting next year, a move aimed at lightening the burden on households and strengthening the role of public education.

S. Korea, Morocco agree to expand cooperation in education, culture, youth exchange

SEOUL -- South Korea and Morocco have agreed to tighten collaboration in cultural sectors that include education, sports and youth exchanges as they seek closer bilateral diplomatic ties, the foreign ministry said Tuesday.

Asia-Pacific defense officials, experts to meet in Seoul next month

SEOUL -- South Korea's defense ministry on Tuesday said it will hold a regional security forum next month, with focus placed on North Korea's provocations and feasible countermeasures that can be taken.

Lotte founder's third wife owns large amount of property

SEOUL -- The third wife of the embattled Lotte Group founder owns real estate worth tens of millions of dollars, data showed Tuesday, a revelation that comes as she faces a prosecution probe over suspected tax evasion.

Galaxy S7 waterproof feature saves lives

SEOUL -- A Galaxy S7 user was able to survive a shipwreck in the Philippines thanks to the phone’s waterproof features, said South Korean tech giant Samsung Electronics Co. on Tuesday.

Chip equipment makers buoyed by prospects of Samsung investing in NAND memory

SEOUL -- South Korean chip equipment manufacturers are likely to see their earnings rise in the second half of the year amid market speculation that Samsung Electronics Co. may plan to heavily invest in production lines for 3-D NAND flash memory chips.

(LEAD) Korean Peninsula tensions key topic for Obama's talks with Xi: White House

WASHINGTON -- Tensions on the Korean Peninsula will be a key topic for U.S. President Barack Obama's upcoming talks with Chinese President Xi Jinping, the White House said Monday.

Obama is scheduled to visit China later this week for a summit with Xi and a summit of the Group of 20 nations.

Two THAAD batteries necessary for S. Korea to better defend against N.K. SLBMs: U.S. expert

WASHINGTON -- At least two THAAD batteries are necessary for South Korea to better defend against North Korea's submarine launched ballistic missiles as a single unit can't cover all of the North's seas, a U.S. arms expert said Monday.

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