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Yonhap News Summary

All News 17:30 June 11, 2018

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

(3rd LD) (US-NK summit) Pompeo: U.S., N. Korean officials hold substantive talks ahead of summit

SINGAPORE -- U.S. Secretary of State Mike Pompeo said Monday that U.S. and North Korean officials held "substantive" talks to hammer out the details of a nuclear agreement ahead of their leaders' meeting the following day.

U.S. President Donald Trump and North Korean leader Kim Jong-un are due to meet in Singapore on Tuesday to discuss dismantling the North's nuclear weapons program in exchange for security guarantees.

(LEAD) S. Korea informs N. Korea of delegation to military talks

SEOUL -- South Korea's defense ministry on Monday sent to the North the list of its delegation to general-grade talks scheduled for later this week, officials said.

The delegation will be headed by Major General Kim Do-gyun, who handles inter-Korean affairs at the ministry. He will apparently be accompanied by four other officials from the defense and unification ministries.

S. Korea's finance minister urges support for peace on Korean Peninsula

TOKYO -- Peace on the Korean Peninsula will usher in a new era for the economic side and serve as a cornerstone for Asia's prosperity, South Korea's chief economic policymaker said Monday, urging Asian nations to ramp up support for the rapprochement mood in the region.

In a keynote speech at the 24th International Conference on the Future of Asia, Seoul's Finance Minister Kim Dong-yeon said there have been many changes in the regional security landscape.

(LEAD) Brewers trade S. Korean hitter Choi Ji-man to Rays

SEOUL -- The Milwaukee Brewers have traded their South Korean hitter Choi Ji-man to the Tampa Bay Rays for infielder Brad Miller and cash considerations.

The clubs announced their deal Sunday (local time), hours after Choi was optioned to the Triple-A Colorado Springs.

N. Korean fishing boat rescued off east coast, crew members want to go back

DONGHAE -- A North Korean fishing boat was rescued while floating in waters off South Korea's east cost on Monday, and all five of its crew members have expressed their desire to go back home, officials said.

A South Korean fishing boat alerted authorities after spotting the North Korean boat floating about 118 nautical miles off the east coast city of Sokcho around 6:20 a.m. The Coast Guard dispatched a patrol vessel and rescued the boat, which was suffering from an engine problem.

(US-NK summit) S. Korean, Singaporean ministers hold phone talks

SEOUL -- The top diplomats of South Korea and Singapore agreed Monday to continue close cooperation on regional security, especially as the Southeast Asian city state is set to host the North Korea-U.S. summit meeting.

In their phone conversation, Singaporean Foreign Minister Vivian Balakrishnan briefed his South Korean counterpart, Kang Kyung-wha, on his recent trip to Pyongyang, according to Kang's ministry.

(US-NK summit) White House: N.K. report on summit is 'source for optimism'

SINGAPORE -- The White House on Monday responded with optimism to North Korea's reported willingness to discuss denuclearization and peace at this week's meeting between their leaders.

The state-run Korean Central News Agency reported that Tuesday's summit between U.S. President Donald Trump and North Korean leader Kim Jong-un will deal with issues related to establishing "new DPRK-U.S. relations," building a "permanent and durable peace-keeping mechanism" on the Korean Peninsula and "realizing the denuclearization of the Korean Peninsula."

(LEAD) Seoul stocks end higher on hopes for peace on Korean Peninsula

SEOUL -- South Korean shares ended higher Monday as the upcoming summit between the United States and North Korea raised hope for eased tensions on the Korean Peninsula and greater chances for inter-Korean economic projects, analysts said. The Korean won rose against the U.S. dollar.

The benchmark Korean Stock Price Index (KOSPI) added 18.57 points, or 0.76 percent, to finish at 2,470.15. Trade volume was moderate at 414.29 million shares worth 6.81 trillion won (US$6.34 billion), with gainers outnumbering losers 543 to 270.


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