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Yonhap News Summary

All Headlines 13:15 September 27, 2018

The following is the first summary of major stories moved by Yonhap News Agency on Thursday.

S. Korean president urges U.N. not to leave N. Korea behind

NEW YORK -- North Korea is sincerely moving down the path of complete denuclearization and its acceptance and inclusion by the international community will help further accelerate the process, South Korean President Moon Jae-in said Wednesday.

"North Korea on April 20 officially terminated its nuclear development policy, and has been focusing all its efforts on economic development," Moon said in his address to the United Nations General Assembly in New York.

(3rd LD) Pompeo to visit N. Korea in Oct., set up 2nd summit

WASHINGTON -- U.S. Secretary of State Mike Pompeo will travel to North Korea next month to set up a second summit between U.S. President Donald Trump and North Korean leader Kim Jong-un, the State Department said Wednesday.

The trip was announced after a meeting between Pompeo and North Korean Foreign Minister Ri Yong-ho in New York earlier in the day.

(LEAD) Trump sees no need to fix timeline for N.K. denuclearization

WASHINGTON -- U.S. President Donald Trump said Wednesday he sees no need to set a timeline for North Korea's denuclearization as long as the regime has stopped its nuclear testing.

Speaking in a press conference in New York, Trump said he doesn't want to be drawn into a "time game" over how long it will take to dismantle the North's nuclear weapons and ballistic missile programs.

Trump shows 'extraordinary' letter from N.K. leader

WASHINGTON -- U.S. President Donald Trump on Wednesday showed a letter from North Korean leader Kim Jong-un ahead of a second summit that he said would happen "fairly quickly."

Trump took out the folded piece of paper from inside his jacket as he sat down for a bilateral meeting with Japanese Prime Minister Shinzo Abe on the sidelines of the United Nations General Assembly in New York.

(LEAD) BOK remains guarded on rate gap with U.S. after Fed hike

SEOUL -- The head of South Korea's central bank said Thursday he will watch foreign capital flows closely after the Federal Reserve increased interest rates overnight.

Lee Ju-yeol, governor of the Bank of Korea (BOK), told reporters that the U.S. rate hike will have a limited impact on the local financial market. He added the latest move has made it "more difficult" for South Korea to decide on its own key rate going forward.

(LEAD) U.S. rate hike to have limited impact on S. Korea: finance minister

SEOUL -- The latest rate hike by the U.S. Federal Reserve will have a limited impact on South Korea, with authorities here ready to take actions if the need arises, the country's chief economic policymaker said Thursday.

As widely expected, the U.S. Federal Reserve raised interest rates by a quarter of a percentage point to a range of 2 percent to 2.25 percent Wednesday and signaled one more rate hike within this year.

Ministry says 'no big differences' with UNC over inter-Korean military agreement

SEOUL -- South Korea's defense ministry said Thursday that there are no big differences with the U.N. Command (UNC) over the military part of the recent inter-Korean summit agreement aimed at reducing tensions and preventing accidental clashes.

Speculation has continued that the UNC, the enforcer of the armistice that halted the 1950-53 Korean War, appears uncomfortable with the fast pace of the inter-Korean peace drive given that there has been no tangible progress in Pyongyang's denuclearization.

S. Korean president discusses peace, joint Olympics with IOC chief

NEW YORK -- South Korean President Moon Jae-in discussed a joint Korean bid for the 2032 Summer Games with the world's top Olympic official Wednesday, emphasizing the need for an early dialogue on the issue.

Moon met with Thomas Bach, president of the International Olympic Committee (IOC), at the United Nations headquarters in New York, prior to his keynote speech at the U.N. General Assembly.

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