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Yonhap News Summary

All Headlines 17:31 May 14, 2018

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

(LEAD) Moon welcomes planned dismantlement of N. Korean nuclear test site

SEOUL -- South Korean President Moon Jae-in on Monday hailed North Korea's decision to permanently shut down its only known nuclear test site later in the month, noting it will mark the start of the process to denuclearize the communist state and also reaffirm Pyongyang's commitment to denuclearization.

"I highly evaluate and welcome North Korea's decision to transparently open the dismantlement of its Punggye-ri nuclear test site to the international community following its release of American captives," Moon said in a weekly meeting with his aides at his office Cheong Wa Dae.

S. Korea files WTO complaint against U.S. safeguard measures

SEOUL -- South Korea filed a complaint with the World Trade Organization (WTO) over the United States' safeguard tariffs on its washing machines and solar energy products, Seoul's trade ministry said Monday.

The Ministry of Trade, Industry and Energy said it has formally lodged the suit after failing to reach an understanding with the U.S. government over the import restrictions. The two sides have been engaged in talks for the past three months to resolve the matter outside the WTO.

(2nd LD) Rival parties fail to find compromise in National Assembly impasse

SEOUL -- The ruling and opposition parties failed Monday to find a compromise on a proposed independent counsel probe into an opinion rigging scandal, heightening chances of a clash, as the main opposition has party vowed to block a plenary session set for later in the day.

National Assembly Speaker Chung Sye-kyun called a plenary meeting to be convened at 4 p.m. to accept the resignations of lawmakers running in June's local elections so that by-elections will be held the same day next month.

(LEAD) S. Korea's new amphibious assault ship unveiled to public

SEOUL -- South Korea's new 14,500-ton amphibious assault ship made its public debut Monday, boasting improved combat and radar systems using the country's own technology, the state arms agency said.

Defense Minister Song Young-moo hosted the launch ceremony for the Marado at the shipyard of Hanjin Heavy Industries & Construction Co. in Busan in the afternoon, according to the Defense Acquisition Program Administration (DAPA).

(LEAD) Koreas to field limited number of joint teams at Asian Games: official

INCHEON -- South Korea and North Korea may only be able to field a limited number of unified teams at this year's Asian Games, the head of Seoul's Olympic body said Monday, dampening hopes for bringing Korean athletes together in several sports.

Lee Kee-heung, president of the Korean Sport & Olympic Committee (KSOC), said the Olympic Council of Asia (OCA), which organizes the quadrennial continental competition, confirmed that it will only support joint Korean teams as long as they aren't granted extra roster spots.

N. Korean leader ordered expansion of inter-Korean industrial complex: defector

SEOUL -- North Korean leader Kim Jong-un spoke favorably of the Kaesong Industrial Complex and ordered the construction of 14 more such industrial parks across the North, a high-profile defector said in his autobiography published on Monday.

Thae Yong-ho, who defected with his family to South Korea in 2016 while serving as deputy ambassador at the North's embassy in Britain, said Kim used to praise the now-shuttered inter-Korean industrial complex in North Korea's border city Kaesong as economically beneficial to the North.

Gov't, ruling party agree on 120 bln won fund for startups

SEOUL -- Senior officials from the government and ruling Democratic Party agreed Monday to set up a 120 billion won fund (US$112 million) to foster startups, which they say will help create more jobs for young people.

During a policy coordination meeting, the participants said job market conditions under the first year of the Moon Jae-in government have not improved dramatically and that the government and the ruling party should make concerted efforts to create more quality jobs.

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