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Yonhap News Summary

All News 17:08 April 04, 2017

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

S. Korea in close consultation with U.S. on N. Korea ahead of Trump-Xi summit

SEOUL -- South Korea is closely communicating with the United States on North Korea and other major issues ahead of the upcoming summit talks to be held between the U.S. and China this week, the foreign ministry here said Tuesday.

U.S. President Donald Trump is to meet with Chinese President Xi Jinping in their first summit on Thursday and Friday (local time) in Florida. North Korea's growing nuclear and missile threats are expected to be one of their major topics.

(LEAD) Internet-only bank attracts over 60,000 accounts in just 2 days

SEOUL -- South Korea's first Internet-only bank, K-Bank, has attracted more than 60,000 accounts in just two days since launching operations, the lender said Tuesday.

K-Bank, formed by a consortium of KT Corp., Woori Bank and 19 other companies, began its operations at midnight Sunday.

Naver's translation app to help foreigners at convenience stores

SEOUL -- South Korea's top portal operator Naver Corp. said Tuesday that foreigners can shop for goods at local convenience stores through the company's mobile translation application Papago.

Under the agreement with GS Retail Co., a major convenience chain operator, Naver will update its application this month with English, Japanese, and Chinese sentences that can help foreign visitors with questions related to products and tax refunds.

(LEAD) Abe instructs envoy to request S. Korea implement deal on comfort women: report

TOKYO/SEOUL -- Japan's Prime Minister Shinzo Abe on Tuesday instructed its ambassador to South Korea to request that Seoul implement a landmark 2015 deal to resolve the long-running rift over Japan's wartime sexual enslavement of Korean women, a Japanese broadcaster reported.

Abe met with Ambassador Yasumasa Nagamine, who will return to Seoul later in the day after being recalled nearly three months ago in response to Korean civic groups erecting a statue of a girl symbolizing the sexual slavery victims in front of its consulate in the southern South Korean port city of Busan.

(Yonhap Interview) N. Korea still years away from developing submarine missiles: U.S. Pacific Fleet chief

SEOUL -- A top U.S. naval commander said Tuesday that North Korea appears to still be years away from fully developing the technology needed for submarine-launched ballistic missiles (SLBMs).

"To launch those missiles from under the water is very, very complicated," Adm. Scott Swift, who commands the U.S. Pacific Fleet, said in an interview. "I think it's still years away before that technology is developed."

(LEAD) Seoul stocks down 0.30 pct on profit-taking

SEOUL -- South Korean stocks ended slightly lower Tuesday on increased selling by foreigners and institutions. The Korean won fell against the U.S. dollar.

The benchmark Korea Composite Stock Price Index shed 6.41 points, or 0.30 percent, to 2,161.10.

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