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Yonhap News Summary

All Headlines 17:30 September 14, 2018

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

South Korea launches 3,000-ton homegrown submarine

SEOUL -- South Korea held a launching ceremony Friday for a 3,000-ton indigenous submarine, a new strategic weapons system designed to bolster underwater defense capabilities.

The ceremony for the diesel-electric air-independent propulsion submarine, named after a prominent South Korean independence fighter, Dosan Ahn Chang-ho, took place at the Okpo Shipyard of Daewoo Shipbuilding and Marine Engineering Co. on the southern island of Geoje.

IBK inks biz tie-up deal with Polish bank

SEOUL -- The state-run Industrial Bank of Korea (IBK) said Friday it has signed a business tie-up agreement with a Polish bank to support South Korean firms operating in Poland and gain a foothold in the European country.

The comprehensive deal with PKO Bank Polski SA calls for providing financing for small and midsize Korean firms operating there and cooperating in such business areas as foreign exchange, international finance and investment banking.

(LEAD) Ruling party chief warns of stronger steps to curb housing prices if needed

SEOUL -- The chief of the ruling Democratic Party (DP) on Friday warned of stronger measures to curb soaring housing prices if speculative demand continues to disturb the housing market.

The government announced Thursday that it will impose tougher taxes on the owners of high-value houses and multiple homes and increase the housing supply in Seoul and adjacent areas as home prices posted the fastest growth in a decade.

Speaker Moon meets with Indonesia's parliamentary leader over cooperation

SEOUL -- National Assembly Speaker Moon Hee-sang met with Indonesia's parliamentary leader Friday to discuss ways to expand cooperation between the two countries.

Moon met with Oesman Sapta Odang, the speaker of the Regional Representative Council, in Jakarta to exchange views about broad parliamentary cooperation and strengthen the nations' economic ties, his office said.

(LEAD) MERS has little effect on number of people visiting hospitals

SEOUL -- The number of people visiting Seoul hospitals that treat people with the Middle East Respiratory Syndrome (MERS) has not fallen much, official data showed Friday.

A 61-year-old man was diagnosed with the disease after returning home from his visit to Kuwait on Saturday. He was rushed to an emergency room at Samsung Medical Center in southern Seoul upon his arrival at Incheon International Airport and then transferred to Seoul National University Hospital in northern Seoul.

S. Korean military keeps monitoring China's installation of buoys: ministry

SEOUL -- South Korea's military will keep monitoring China's installation of buoys in the two countries' overlapping exclusive economic zones (EEZs) in the Yellow Sea, Seoul's defense ministry said Friday.

The ministry made the remarks amid a news report that Beijing has installed buoys in the open seas -- a possible move to gain an advantage in maritime demarcation negotiations with Seoul. Some even raised suspicion that the buoys could be being placed for military purposes, such as tracking submarines.

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