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Yonhap News Summary

All Headlines 17:19 December 10, 2018

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

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Koreas to hold talks this week on co-hosting Olympics

SEOUL -- Sports officials of South and North Korea will meet later this week to discuss following up on a summit agreement to co-host the 2032 Summer Olympics and form joint teams for Olympics and international competitions, the unification ministry said Monday.

The meeting will take place at the joint liaison office in the North Korean border city of Kaesong on Friday. Vice Sports Minister Roh Tae-kang will lead the South's delegation and his North Korean counterpart will be Vice Sports Minister Won Kil-u, the ministry said.

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(LEAD) S. Korea's 2019 budget for inter-Korean cooperation fund exceeds 1 tln won

SEOUL -- South Korea's budget allocated for cooperation projects with North Korea next year exceeded 1 trillion won (US$890.7 million) for first time in three years amid a thaw in relations, the unification ministry said Monday.

A total of 1.1 trillion won has been set aside for the inter-Korean cooperation fund for next year, which takes up the bulk of the unification ministry's budget, according to the ministry.

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Taxi driver self-immolates in apparent protest of commercial carpool service

SEOUL -- A Seoul taxi driver died after setting himself on fire in front of the National Assembly on Monday, apparently in protest of the planned launch of a ride-sharing service by a local information technology enterprise.

The driver, identified only as 57-year-old with the surname Choi, sprinkled flammable materials on his body inside his car and committed self-immolation in front of the Assembly's entrance at around 2 p.m.

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(LEAD) Seoul shares dip on trade spat, economic slowdown woes

SEOUL -- South Korean stocks skidded Monday as renewed concerns over trade disputes between the United States and China, as well as signs of a global economic slowdown, prompted investors to shun risky assets, experts said. The Korean won declined against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) shed 21.97 points, or 1.06 percent, to 2.053.79. Trading volume was moderate at 335.92 million shares worth 4.53 trillion won (US$4.02 billion), with losers outnumbering gainers 676 to 173.

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Senior Japanese scholar awarded for tireless study of Korean literature

SEOUL -- Masuo Omura, a professor emeritus at Japan's Waseda University, has for decades spearheaded the study of modernization-era Korean literature in Japan, and his efforts culminated in the discovery of the forgotten tomb of the beloved Korean poet Yun Dong-ju in China some 30 years ago.

The senior scholar was one of the translators commissioned to compile eight key Korean novels into the Japanese-language collection of selected modern Korean literature in a joint project by the Japanese publishing company Heibonsha and the Literature Translation Institute of Korea.

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(2nd LD) Ex-pitcher convicted of match fixing pleads innocence of fellow player

SEOUL -- A former South Korean baseball league pitcher convicted of match-fixing charges claimed on Monday that a fellow ex-player was innocent of the same offenses, saying prosecutors had been untruthful during their investigation.

Former NC Dinos pitcher Lee Tae-yang held a press conference in Seoul, accompanied by former Nexen Heroes outfielder Moon Woo-ram. Both players have received lifetime bans from the Korea Baseball Organization (KBO) after being found guilty of fixing games in 2015.

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