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Yonhap News Summary

All News 16:56 December 05, 2017

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

2 former spy chiefs indicted for bribing ex-leader Park

SEOUL -- Two former heads of the National Intelligence Service (NIS) were indicted Tuesday for illegally offering 1.4 billion won (US$1.3 million) in agency funds to ousted President Park Geun-hye.

The Seoul Central District Prosecutors' Office said Nam Jae-joon and Lee Byung-kee will stand trial on charges of giving bribes and causing loss of state funds. They were arrested Nov. 17.

Seoul stocks inch up on institutional buying

SEOUL -- South Korean stocks rose Tuesday on the back of net purchases by local institutional investors. The Korean won rose against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) moved up 8.45 points, or 0.34 percent, to close at 2,510.12. Trade volume was moderate at 387 million shares worth 5.82 trillion won (US$5.37 billion).

(3rd LD) Senior U.N. official heads to N.K. amid heightened tensions

NEW YORK/SEOUL/BEIJING -- A senior United Nations official embarked on a rare trip to North Korea on Tuesday amid heightened tensions over Pyongyang's recent long-range missile test.

Jeffrey Feltman, undersecretary general for political affairs, will discuss "issues of mutual interest and concern" with North Korean Foreign Minister Ri Yong-ho and others, U.N. spokesman Stephane Dujarric said Monday. He plans to stay for four days.

(2nd LD) Main opposition party decides to oppose budget deal

SEOUL -- The main opposition Liberty Korea Party decided Tuesday to oppose a budget deal reached by the ruling and opposition parties a day earlier, throwing into doubt the prospect of next year's government budget passing through the National Assembly.

On Monday, the floor leaders of the LKP, the ruling Democratic Party and the minor opposition People's Party announced the agreement after finding a compromise on key sticking points, such as a proposal to create thousands of new government jobs.

(LEAD) Bodies of two missing from capsized fishing boat found: authorities

INCHEON -- Rescue workers on Tuesday discovered the bodies of two missing men from the chartered fishing boat that capsized two days earlier in waters off the western coast, killing 13 people aboard, the Coast Guard said.

They found the captain of the Seonchang-1, only identified by his last name Oh, lying on a mudflat about 3 kilometers southwest of the accident site off Incheon at around 9:40 a.m., with his black clothes intact.

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