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Yonhap News Summary

All Headlines 17:01 June 08, 2018

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

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(LEAD) Finance minister calls for corporate support in job creation, innovative growth

HANAM, South Korea -- South Korea's top economic policymaker on Friday asked companies to do more to create jobs and spearhead innovative growth in the latest appeal to the business community to join the government's efforts to push for a more balanced and sustainable economy.

In a meeting with Shinsegae Vice Chairman Chung Yong-jin and top executives of affiliates of the business group in Hanam, just southeast of Seoul, Finance Minister Kim Dong-yeon stressed the importance of cooperation between the private sector and the government to usher in innovative growth.

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S. Korean groups to honor Australian victim of Japan's wartime sex slavery

SEOUL -- South Korean civic bodies supporting "comfort women" -- those forced to work in Japanese brothels during World War II -- plan to confer a women's human rights award on an Australian victim of the wartime atrocities.

The Korean Council for the Women Drafted for Military Sexual Slavery by Japan, known as "Jeongdaehyeop," and the Foundation for Justice said Friday the Friends of Comfort Women in Australia will present the award to Jan Ruff-O'Herne, 95, on thier behalf Saturday.

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(LEAD) Lena Park to release new EP this month

SEOUL -- K-pop diva Lena Park, also known as Park Jung-hyun, will release her new digital single "The Wonder 1st DS" this month, the first of the three records designed to mark the 20th anniversary of her debut, her agency said Friday.

The EP, set for release on June 19, is the first record by the R&B singer since her single "Courting" dropped in April last year, according to Mun Hwa In.

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Former top officials, politicians call for complete denuclearization, end to Korean War

SEOUL -- A group of former top officials and political leaders in South Korea issued a statement Friday, calling on North Korea and the United States to agree to the complete, irreversible and verifiable denuclearization of the Korean Peninsula at their upcoming summit.

The statement from the Conference for Peace in East Asia also demands that the two countries terminate the Korean War Armistice Agreement, remove reasonable concerns about security for North Korea's regime and lift sanctions against the North.

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Race heats up in South Korea's local elections

SEOUL -- With five days to go before South Korea's local elections, political scandals, allegations of illicit romance and talk of alliance among old foes are heating up races in key battlegrounds.

Up for grabs in the June 13 elections are leadership of 17 metropolises and provinces and about 4,000 local administrative, legislative and educational posts.

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More firms submit report on governance structure this year

SEOUL -- An increased number of listed companies submitted their governance structure report this year in accordance with the state self-regulating rules, the bourse operator said Friday.

A total of 95 companies listed on the main KOSPI market put forth their corporate governance report for 2018, up 35.7 percent from the previous year, according to the Korea Exchange (KRX).

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Mnet's audition show 'Produce 48' to air simultaneously in Korea and Japan

SEOUL -- Cable music channel Mnet's new idol competition show, "Produce 48," will air in South Korea and Japan at the same time, the network said Friday.

The project, aimed at auditioning talented performers from both countries to produce a girl group through audience voting, will premiere on Mnet and Japan's BS Scapa on June 15.

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S. Korean president to make state visit to Russia from June 21-23

SEOUL -- South Korean President Moon Jae-in will make a state visit to Russia this month to discuss ways to enhance the countries' bilateral economic cooperation and joint efforts to peacefully denuclearize the Korean Peninsula, Moon's presidential office Cheong Wa Dae said Friday.

Moon will embark on a three-day visit to Russia on June 21 for a summit with Russian counterpart Vladimir Putin, spokesman Kim Eui-kyeom told a press briefing. He did not provide the summit date.

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Financial watchdog to protect consumers by bolstering supervision

SEOUL -- South Korea's financial watchdog said Friday it will bolster efforts to hold firms more accountable for any misdeeds as a means to better protect consumers.

Financial Supervisory Service (FSS) Gov. Yoon Suk-heun told senior officials that its supervisory role against deceptive practices in financial services and products has been relatively neglected.

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Police say suspect in U.S. Embassy car crash has history of mental illness

SEOUL -- Police said Friday the man who rammed a car into a gate of the U.S. Embassy in Seoul a day earlier has a history of being treated for mental illness.

The 47-year-old surnamed Yoon, an official with the Ministry of Gender Equality and Family, has been booked on the count of special property damage after he slammed a sedan into the front gate of the embassy building in central Gwanghwamun around 7:20 p.m. on Thursday.
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