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Yonhap News Summary

All News 17:30 July 11, 2018

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

N.K. denuclearization faces key moment in coming months: S. Korean envoy

SEOUL -- A senior South Korean diplomat said Wednesday efforts to denuclearize North Korea will reach a crossroads in the coming months.

Lee Do-hoon, representative for Korean Peninsula peace and security affairs at the foreign ministry, also stressed the importance of Seoul-Washington coordination in the process, as he headed to the U.S. capital for related consultations.

Moon heads to Singapore for summit with Prime Minister Lee

NEW DELHI -- South Korean President Moon Jae-in headed to Singapore on Wednesday, wrapping up his first trip to India that involved meeting with Prime Minister Narendra Modi and other top government officials.

Moon's departure came four days after he arrived here for a state visit. The South Korean president and Modi held talks Tuesday on ways to enhance the countries' economic and diplomatic relations.

(LEAD) S. Korea approves presidential economic committee's trip to N. Korea

SEOUL -- South Korea has approved a presidential economic cooperation committee's request to visit North Korea, the unification ministry said Wednesday.

The ministry that handles inter-Korean affairs gave the green light for the Presidential Committee on Northern Economic Cooperation to visit North Korea for two days from Friday.

General Mills apologizes for larva found in Haagen-Dazs ice cream

SEOUL -- General Mills Inc. on Wednesday apologized for an insect found in its Haagen-Dazs ice cream last month after a consumer posted a complaint about the issue online.

The apology was made two days after one of its consumers uploaded a photo to an online community of a larva found in a Haagen-Dazs strawberry ice cream pint.

S. Korea raises guard against full-blown U.S.-China trade war

SEOUL -- South Korea's trade ministry said Wednesday it will get ready for a full-blown trade war between the United States and China after Washington ramped up its pressure on Beijing with a fresh set of items subject to punitive tariffs.

The U.S. government announced a list of additional Chinese products subject to high import duties. The list covers some US$200 billion worth of Chinese exports that could be hit by a 10 percent tariff. It's an extensive list of over 6,000 goods, including food products, minerals and consumer goods.

(LEAD) Seoul stocks tumble amid escalating trade tensions

SEOUL -- South Korean stocks closed lower Wednesday to end a three-day winning streak after the United States announced its plan to impose additional tariffs on Chinese products, analysts said. The Korean won fell against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) sank 13.54 points, or 0.59 percent, to close at 2,280.62. Trade volume was moderate at 419 million shares worth 5.6 trillion won (US$5 billion), with losers outnumbering winners 497 to 321.

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