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Yonhap News Summary

All Headlines 13:30 May 15, 2018

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

Trump's rhetoric matches Kim's actions: White House

WASHINGTON -- U.S. President Donald Trump's changing rhetoric on North Korea is a reflection of Kim Jong-un's recent gestures of goodwill, the White House said Monday.

Trump praised the North Korean leader last week after the regime released three American detainees. He said Kim had been "excellent" to the men, even though they had been held under questionable circumstances.

Trump, U.N. chief to discuss N. Korea, other threats

WASHINGTON -- U.S. President Donald Trump will meet with U.N. Secretary-General Antonio Guterres later this week to discuss North Korea and other common threats, the White House said Monday.

The U.N. chief will visit the White House Friday for talks with the U.S. president ahead of the latter's historic summit with North Korean leader Kim Jong-un on June 12.

N. Korea has started dismantling nuclear test site: 38 North

WASHINGTON -- Satellite imagery shows that North Korea has begun dismantling its nuclear test site in line with its promise, a U.S. website monitoring the reclusive regime said Monday.

According to 38 North, the imagery from May 7 provides "definitive evidence" that dismantlement of the Punggye-ri test site is "well underway."

(LEAD) Party, gov't, presidential officials vow efforts to implement summit outcomes

SEOUL -- Senior officials from the ruling Democratic Party (DP), the government and the presidential office Cheong Wa Dae agreed Tuesday to closely cooperate in implementing follow-up measures to the recent inter-Korean summit.

During a policy coordination meeting, they also raised the need to strengthen policy responses to unemployment and external economic uncertainties, such as a U.S. rate hike.

(2nd LD) 2 Koreas agree to hold high-level talks Wednesday

SEOUL -- South and North Korea will hold high-level talks this week to discuss follow-up measures on agreements their leaders reached in a historic summit held last month, Seoul's unification ministry said Tuesday.

The two Koreas agreed to hold the talks on the southern side of the truce village of Panmunjom on Wednesday, according to the ministry.

(LEAD) Lotte to spend 3 tln won on boosting e-commerce business

SEOUL -- South Korea's retail giant Lotte said Tuesday it will inject 3 trillion won (US$2.84 billion) into the conglomerate's e-commerce business in the next five years to cope with the rapid expansion of the country's online market.

As part of its plan, Lotte Shopping Co. said eight online malls that have been separately operated by the group's affiliates will be integrated into one, with an aim to generate 20 trillion won in sales by 2022.

S. Korea's shipbuilding industry shows signs of recovery: regulator

SEOUL -- South Korea's shipbuilding industry is showing signs of recovery after years of struggling with the global downturn, a senior financial regulator said Tuesday.

Yoo Kwang-yeol, first senior deputy governor of the Financial Supervisory Service (FSS), urged shipbuilders to turn to high-end vessels, such as very large crude carriers, for business opportunities.

State resources firms prep for possible inter-Korean projects

SEOUL -- South Korea's state resources developers are gearing up for potential inter-Korean projects amid growing hopes for economic cooperation with North Korea following a landmark summit, sources said Tuesday.

At the end of the historic summit in late April, the leaders of South and North Korea adopted a joint declaration that focuses on working toward a complete denuclearization of the Korean Peninsula and ending the Korean War.

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