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Yonhap News Summary

All News 13:37 February 06, 2017

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

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Acting president rejects independent counsel's cooperation request for raid

SEOUL -- Acting President and Prime Minister Hwang Kyo-ahn on Monday rejected special prosecutors' request for cooperation with its plan to raid the presidential office to gather evidence on a corruption scandal involving President Park Geun-hye and her friend.

Regarding the request made Friday after investigators' botched attempt to ransack the presidential compound Cheong Wa Dae, an aide to Hwang said that it is not a decision for the acting president to make.

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.Faltering consumption drags down recovering economic momentum: KDI

SEJONG -- Faltering private consumption is dragging down the recovering momentum of the South Korean economy, with the country's production side remaining in the doldrums, a state-run think tank said Monday.

"The Korean economy exhibited a modest recovery in investment, but faltering private consumption is limiting the recovery of economic activities," the Korea Development Institute (KDI) said in its monthly evaluation of the country's economic conditions. "Private consumption growth slowed on deteriorating consumption sentiment."

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(LEAD) Japan to allow entry to N. Korean athletes for Asian Winter Games: report

TOKYO/SEOUL -- Japan will allow entry to North Korean athletes for an upcoming regional sports competition as an exception to its travel ban, a news report said Monday.

Citing multiple government sources, Kyodo News said Japan will let North Koreans compete at the Asian Winter Games in Sapporo from Feb. 19 to 26.

The news agency noted that while Japan normally bans North Korean nationals from entering the country, it will make an exception for sports exchange.

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(News Focus) Alarm grows over S. Korea's chronic household debt woes

SEOUL -- With many of South Korea's households piling on debt, concern has grown about potential risks facing Asia's key economy already in the doldrums.

Some economists warn that private household debt in the country may increase to as much as 1,500 trillion won (US$1,310 billion) at the end of this year, close to four-fold of South Korea's yearly budgets set at around 400 trillion won.

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(Movie Review) 'Fabricated City': Losers' thrilling rebellion against irrational world

SEOUL -- In this dystopian city reminiscent of George Orwell's "1984," everyone is under complete surveillance by a Big Brother-type villain. He effortlessly manipulates criminal cases and distorts facts, utilizing his connections to those in power, CCTV footage, IT technology and vast amounts of private information of citizens that he gathers in a panic room.

Set in a futuristic Seoul, "Fabricated City" offers a glimpse into the gloomy future in a society controlled by an omnipresent, totalitarian power.

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Flaws in battery caused Galaxy Note 7 fires: gov't

SEJONG -- The South Korean government said Monday that flaws in batteries caused the fires in Samsung Electronics Co.'s Galaxy Note 7 which led to a worldwide recall and production halt of the smartphone.

In a test conducted by the state-run Korean Agency for Technology and Standards, it was found that electrodes of batteries installed in the Galaxy Note 7 were damaged, while some batteries missed insulation materials, the Ministry of Trade, Industry and Energy said in a release.

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