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Yonhap News Summary

All Headlines 17:30 May 15, 2018

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

(2nd LD) N.K. invites 8 S. Korean journalists to witness nuclear test site dismantling

SEOUL -- North Korea has invited eight South Korean journalists to an event to showcase the dismantling of its nuclear test site scheduled for next week, Seoul's unification ministry said Tuesday.

The North invited four reporters each from wire news and broadcasting companies for the event to be held from May 23-25 to dismantle the Punggye-ri site, where the North has carried out all six of its nuclear denotation tests, according to the ministry.

(3rd LD) S. Korea denounces Japan's Dokdo claim, East Sea name denial

SEOUL/TOKYO -- South Korea urged Japan on Tuesday to retract its repeated territorial claim over Dokdo, a pair of rocky outcroppings in the East Sea, saying it will only impede efforts to move forward bilateral ties.

It was a reminder of longstanding diplomatic rifts between the neighboring countries despite a call for firm unity among regional powers to handle Pyongyang's recent peace overtures.

(LEAD) Seoul shares close lower on foreign selling

SEOUL -- South Korea's stock market closed lower as foreigners dumped local shares for the second consecutive session, analysts said. The Korean won fell against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) edged down 17.57 points, or 0.71 percent, to 2,458.54. Trade volume was high at 702 million shares worth 9.28 trillion won (US$8.64 billion), with losers outpacing gainers 504 to 333.

(LEAD) 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.

Regulator vows transparent review of suspected accounting breaches at Samsung BioLogics

SEOUL -- Financial authorities will review a regulatory probe into accounting rules at Samsung Biologics Co. in a transparent and fair manner, a senior financial regulator said Tuesday, two days before they confirm suspected accounting breaches at the unit of Samsung Group.

Kim Yong-beom, vice chairman of the Financial Services Commission, told reporters that authorities will take stenographic notes of the Thursday meeting where they will finalize the finding of the probe, in a rare move for such a meeting that is responsible for the oversight of stock markets.

Ministry: U.S. troops in Korea are key to regional security

SEOUL -- South Korea's foreign ministry on Tuesday stressed that U.S. troops on its soil are indispensable for the peace and stability of the region.

It was responding to speculation about the future of the 28,500-strong U.S. Forces Korea (USFK) amid a rosy outlook for regional security conditions, with the leaders of North Korea and the United States set for talks in Singapore next month.

(LEAD) Son Heung-min cautious about 2018 World Cup

SEOUL -- Tottenham Hotspur's South Korean forward Son Heung-min said Tuesday he feels cautious rather than confident about the 2018 FIFA World Cup.

Son is one of the 28 players who made South Korea's provisional roster for the World Cup in Russia, which was unveiled Monday. South Korean head coach Shin Tae-yong needs to drop five players from the preliminary list to confirm his final 23-man squad by June 4, but Son is considered one of the players who is safe from roster cuts due to his performance in Europe.

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