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Yonhap News Summary

All Headlines 13:46 April 09, 2018

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

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(2nd LD) U.S. confirms N.K. willingness to discuss denuclearization

WASHINGTON -- The United States has confirmed that North Korea is willing to talk about abandoning its nuclear weapons program during a bilateral summit next month, the White House said Sunday.

The two sides have also been holding secret talks in preparation for the historic meeting, according to a National Security Council spokesperson who spoke to Yonhap on condition of anonymity.

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Prosecutors to indict ex-President Lee over corruption charges

SEOUL -- Prosecutors were to indict former President Lee Myung-bak on Monday on a string of corruption charges, including taking millions of dollars in bribes, making him South Korea's fourth former leader to face trial.

Lee, president from 2008-2013, has been in pretrial detention since his arrest last month on charges of bribery, abuse of power, embezzlement and other irregularities. He's the fourth former president to be arrested and put on trial after former Presidents Chun Doo-hwan, Roh Tae-woo and Park Geun-hye.

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(LEAD) Regulator inspects Samsung Securities over dividend chaos

SEOUL -- South Korea's financial regulator on Monday launched a special inspection into Samsung Securities Co. over the "fat-finger" trading chaos, which allowed banned naked short selling orders to be processed and raised questions about the safety of the country's overall trading system.

Under an employee stock ownership plan, Samsung Securities had been planning to pay cash dividends of 1,000 won (US$0.93) for each share owned by its employees on Friday. However, the brokerage mistakenly paid 1,000 shares per share owned, resulting in 2.8 billion non-existing stocks to being given out as dividends.

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New consul general in Osaka vows to narrow perception differences on comfort women

SEOUL -- South Korea's new consul general in Japan said Monday that he will work hard to iron out differences in perceptions among people of the two neighbors over Japan's wartime sexual slavery of Korean women.

Oh Tai-kyu, a former journalist who led the government review of a controversial deal reached in late 2015 on the comfort women issue, will formally take office as consul general in Osaka on April 17.

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Opposition parties intensify calls for FSS chief's resignation

SEOUL -- Opposition parties on Monday raised pressure on Financial Supervisory Service (FSS) chief Kim Ki-sik to resign over an escalating controversy regarding his overseas trips sponsored by financial institutions while he was a lawmaker.

Kim has been under fire for the trips paid for by the Korea Exchange, the Korea Institute for International Economic Policy and Woori Bank in 2014 and 2015 when he was a member of the parliamentary financial committee. Kim was a lawmaker of the then-opposition Democratic Party.

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President Moon's approval rating slips

SEOUL -- President Moon Jae-in's approval rating dropped last week, a poll showed Monday, apparently on the recent conviction of his ousted predecessor Park Geun-hye and controversy surrounding a new financial watchdog chief.

In a survey conducted by Realmeter, 68.1 percent of all respondents said they approved of the way the president managed state affairs, down 1.4 percentage points from a week earlier.

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Koreas likely to hold more working-level talks this week for summit

SEOUL -- South and North Korea are expected to hold one or two more working-level talks this week to discuss ways to establish a telephone hotline between their leaders, Seoul's unification ministry said Monday.

The two sides held talks on communications Saturday to prepare for a summit between President Moon Jae-in and North Korean leader Kim Jong-un on April 27.
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