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Yonhap News Summary

All News 17:16 September 01, 2016

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

(LEAD) Park to hold summits with leader of U.S., China, Russia

SEOUL -- President Park Geun-hye will hold summits with the leaders of the United States, China and Russia, among others, during her eight-day overseas trip that will begin later this week, her office Cheong Wa Dae said Thursday.

On Friday, Park will embark on a trip to Russia, China and Laos to attend a series of multilateral and bilateral summits where she is expected to seek stronger international unity against North Korea's evolving nuclear and missile programs.

(LEAD) Leaders to voice concerns over N.K.'s SLBM test at regional summit: source

SEOUL -- A group of 18 nations, mainly in Asia, is discussing ways to express their joint concerns over North Korea's submarine missile test in a statement to be released at next week's regional summit, a diplomatic source said Thursday.

The source said that a strong message against North Korea's nuclear and missile tests is likely to be contained in a chairman's statement when leaders from South Korea and others meet in Laos next Wednesday and Thursday for the East Asia Summit (EAS).

(2nd LD) Nat'l Assembly kicks off regular session with THAAD feud

SEOUL -- South Korea's 20th National Assembly kicked off its first regular session on Thursday that will run through December, with the ruling Saenuri Party protesting against the parliamentary speaker's remark criticizing the government's bid to deploy a U.S. missile defense system.

The Saenuri Party, as well as the Minjoo Party of Korea and the People's Party, have been at odds over the Terminal High Altitude Area Defense (THAAD) system that Seoul agreed to host in July.

(LEAD) S. Korean shares end lower on foreign sell-offs

SEOUL -- South Korean stocks closed marginally lower Thursday, as foreigners offloaded shares. The local currency fell against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) shed 1.93 points, or 0.09 percent, to 2,032.72. Trade volume came to 297.42 million shares worth 4.31 trillion won (US$3.8 billion), with advancers outnumbering decliners 481 to 324.

(LEAD) Defense chief meets residents near THAAD candidate site

SEOUL -- South Korea's defense chief on Thursday met several people from a rural city near a candidate site that could be picked to host an advanced U.S. antimissile system, the defense ministry said.

Defense Minister Han Min-koo held talks at 12:30 p.m. with the mayor of the southeastern city of Gimcheon and seven civilian representatives for a longer-than-scheduled one hour at his office in the ministry's headquarters in Seoul, a spokesman told reporters.

S. Korean banks shift to net loss of 400 bln won in Q2

SEOUL -- South Korean banks shifted to a net loss in the second quarter from a year earlier due to increased nonperforming loans in some major banks, the financial watchdog said Thursday.

The country's 17 commercial and state-run banks posted a combined net loss of 400 billion won (US$358 million) in the April-June period, swinging from a net profit of 2.2 trillion won a year earlier, the Financial Supervisory Service (FSS) said in a statement.

All 3 cholera patients infected from same source

SEOUL -- All three cholera patients are confirmed to have been infected from the same source, health authorities said Thursday, adding that they are conducting an epidemiological investigation.

The Korea Centers for Disease Control and Prevention (KCDC) said genes of the cholera bacteria obtained from the three infected people are identical, which means they were infected from the same source.

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