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Yonhap News Summary

All News 17:01 September 30, 2016

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

(2nd LD) S. Korea picks 'final' site for THAAD

SEOUL -- South Korea selected a golf course in the southeastern part of the nation as the "final" site for an advanced U.S. missile defense system to better counter North Korea's evolving missile and nuclear threat, the defense ministry said Friday.

The decision comes nearly three months after Seoul and Washington originally chose the Seongsan anti-aircraft missile base in Seongju, 296 kilometers southeast of Seoul, to host the Terminal High Altitude Area Defense (THAAD) system by 2017.

Global Christian group visits N. Korea, calls for dialogue

SEOUL -- A global Christian group that recently visited North Korea urged the two Koreas Friday to restore dialogue to bring peace and reconciliation to the Korean Peninsula.

The World Communion of Reformed Churches (WCRC), based in Hanover, Germany, sent a delegation to Pyongyang from Saturday to Thursday to meet with North Korean church leaders in the wake of last month's devastating floods and heightened tensions following the North's fifth nuclear test.

S. Korea draws $300 mln during foreign investment promotion event

SEOUL -- South Korea attracted more than US$300 million in foreign investment during an annual event earlier this week, with additional deals expected in the coming months, a government ministry said Friday.

The Ministry of Trade​, Industry and Energy and Korea Trade-Investment Promotion Agency (KOTRA) co-hosted the three-day Foreign Investment Week (FIW), the nation's largest international investment promotion event.

Hanmi Pharmaceutical says license deal with Boehringer ended

SEOUL -- South Korean drugmaker Hanmi Pharmaceutical Co. said Friday its license deal on a lung cancer treatment with Boehringer Ingelheim ended, which drove its shares to nosedive on the Seoul bourse.

In July 2015, Hanmi signed an 850 billion won (US$773.1 million) agreement with the German pharmaceutical giant to jointly develop and sell the new treatment, HM61713.

(LEAD) Reigning baseball MVP gets 9-game ban for DUI

SEOUL -- Reigning South Korean baseball league MVP Eric Thames has been suspended for nine games, including the postseason, after getting caught driving under the influence of alcohol.

The Korea Baseball Organization (KBO) handed down the ban on the NC Dinos slugger Friday. The former major leaguer faced a police investigation in Changwon, South Gyeongsang Province, on Monday, two days after getting caught driving with a blood alcohol content of 0.056 percent. The legal limit is 0.050 percent.

(LEAD) Seoul stocks slide on Deutsche Bank concerns

SEOUL -- South Korean stocks fell Friday as investors were spooked by the financial stability of German banking giant Deutsche Bank. The Korean won fell against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) declined 25.09 points, or 1.21 percent, to close at 2,043.63. Trade volume was moderate at 317 million shares worth 5.6 trillion won (US$5.1 billion), with losers outnumbering gainers 654 to 169.

Court upholds entry ban for singer to S. Korea

SEOUL -- A local court on Friday upheld the entry ban on a Korean-American singer who has been forbidden to visit South Korea after winning U.S. citizenship in an apparent bid to evade conscription.

Steve Yoo, who was once a mega-hit singer here, better known as Yoo Seung-jun, had filed a lawsuit against a South Korean consulate in the United States for refusing to grant him a visa.


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