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The Korean daily media headlines and humorNovember 26, 2013

The Korean daily media headlines and humor

Tuesday, November 26, 2013

Good morning, Excellency!
Here are African proverbs, humor from Korean-language economic dailies and a roundup of important headlines from all major Korean-language dailies, TV and other news media this morning:
/s/
        
Lee Kyung-sik
Publisher-Chairman
Korea Post Media
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Dr. Sang-Ki Hahn's African wise-saying:
The heart is a thick forest which cannot be penetrated by anybody.
-A Kenyan proverb

If someone says he will carry you, you do not say ‘I will walk’.
- A Ghanaian proverb

The forest of the heart cannot be cut down by somebody else.
- A Kenyan proverb
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Humor from Korean-language economic dailies this morning:

Seoul Kyungje

Mother wakes up her son in the morning, but he insists that he doesn't want to go to school.
Mother asks him to tell her two reasons why he shouldn't go.
"Pupils hate me, teachers also hate me," son answered.
Then son asks mother to tell him two reasons, why he should go.
Mother answers, "Because you are 50 years old and you are the headmaster."

Hankuk Kyungje
A Man without a Life
Patient: “Doctor, I have a problem. I feel unhealthy and depressed.”
Doctor: “You should cut down on drinks.”
Patient: “I don’t touch a drop.”
Doctor: “You should cut down on smoking.”
Patient: “I don’t smoke.”
Doctor: “You should stop taking drugs.”
Patient: “I don’t do drugs.”
Doctor: “Then you should cut down on womanizing.”
Patient: “Haven’t touched a woman in my life.”
Doctor: “In that case, get yourself a drink, learn to smoke, do some drugs, and find a couple of girlfriends!”
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KBS (
http://world.kbs.co.kr/english/news/)
Gov't Expresses Regret Over China's New Air Defense Zone
South Korea has officially expressed regret over China’s new air defense zone declared in the East China Sea.

Catholic Priest Under Fire for Remarks on NLL, Pres.
Anchor: A Catholic priest in South Korea is drawing fire for controversial remarks he made about President Park Geun-hye and North Korea’s deadly shelling of a South Korean island in 2010. Our Kim In-kyung has more.

Per Capita GNI in S. Korea Likely to Hit High US$24,000 in 2013
South Korea's per capita gross national income (GNI) is likely to reach a record high of more than 24-thousand U.S. dollars this year.

Pres. Park Expresses Zero Tolerance for Attempts to Divide People
President Park Geun-hye says she will not tolerate any attempts to diminish the people's trust in the government or cause national division.

Top 10 Conglomerates Lose Big on Strength of Won
South Korea's top ten business groups have lost more than 700 billion won in foreign exchange transactions this year due to the strength of the Korean won.

Parties Fail to Agree on Normalizing Parliament
Rival parties failed on Monday to reach a deal on normalizing operations in parliament.

KOSPI Closes Higher for 2nd Consecutive Session
Korean shares have closed higher on net buying by foreigners and institutions.
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Yonhap (
http://english.yonhapnews.co.kr)
Park not to tolerate attempts to seek social divisiveness after priest's remarks on N.K.
sident Park Geun-hye said Monday she won't tolerate or overlook any attempts to cause social division in South Korea after a Catholic priest made remarks justifying North Korea's deadly 2010 artillery attack on a border island.

China informed S. Korea of air defense zone over East China Sea
China informed South Korea of its new air defense zone over the East China Sea days before it publicly declared the new zone that partly overlaps with South Korea's own zone, a potential dispute between the two neighboring counties, a Seoul diplomatic source in Beijing said Monday.

China says 'no dispute' with S. Korea over Ieodo in new air zone
China said Monday that it has "no territorial dispute" with Seoul over the South Korean-controlled submerged rock of Ieodo in the East China Sea, playing down a potential dispute between the two neighboring countries after Beijing declared an air defense zone that overlaps with that of South Korea.

Insurers' loan delinquency ratio falls in Sept.
The delinquency ratio of loans extended by South Korean insurers fell slightly in September from a month earlier due mainly to a decrease in overdue debts from both corporate and household lending, the financial regulator said Tuesday.

S. Korea's consumer sentiment hits 33-month high in Nov.
South Korean consumer sentiment rose to the highest level in 33 months in November as the local economy has been showing signs of improvement, the central bank said Tuesday.
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The Korea Herald (
http://www.koreaherald.com)
Park slams ‘pro-North’ remarks from priests
President Park Geun-hye on Monday fumed at the controversial Mass and remarks by a group of progressive priests over the...

USFK considers combined Korea-U.S. division
New U.S. Forces Korea Commander Curtis Scaparrotti said Monday that the military was still cons...

Korea's per capita income to hit record of $24,000
South Korea’s gross national income per capita is projected to set an all-time high of $24,0...

Exhibition highlights need for good use of returned heritage
Thorough research, good maintenance and promotion of returned cultural assets are as important ...

Former MLB pitcher released by Doosan Bears
Former Major League Baseball (MLB) right-hander Kim Sun-woo on Monday was released by the Doosan Bears in the top South Korean league.
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The Korea Times (
http://www.koreatimes.co.kr)
President raps priests President
Park Geun-hye strongly criticized a group of Catholic priests Monday for what she said was an attempt to side with North Korea. “I will never tolerate actions that hurt the government’s credibility and cause national d...

USFK to remain north of Seoul
The top U.S. general in Korea said Monday that a plan to leave some American soldiers north of Seoul is under consideration. The main components of U.S. Forces Korea (USFK) including the 2nd Infantry Division (2ID) are scheduled...

Party leaders make little breakthrough  
Leaders of two main parties Monday tried to resolve a long-standing parliamentary impasse without ... 

Per capita GNI to exceed $24,000  
Korea’s per capita income is expected to surpass the $24,000 mark for the first time due mainly to... 

Regulator questions Kookmin Bank CEO  
KB Kookmin Bank CEO Lee Kun-ho was summoned to the Financial Supervisory Service (FSS) Monday and ... 

Seoul wants Yongsan base on UNESCO list  
Other candidates revealed on Monday included the historical sites of Baekje Kingdom (18 B.C.-660 A... 

Korea, Saudi Arabia will boost cultural exchanges  
Korea and Saudi Arabia are strengthening cooperation in their culture and tourism sectors. 

Prime minister draws criticism over textbooks  
Prime Minister Chung Hong-won was grilled on Monday over a number of history textbooks written by ... 

Why was entomologist in tiger cage?  
Seoul Zoo said Monday that it will decide what to do with a Siberian tiger that bit a trainer in t... 

Plan on part-time teachers under attack  
Many teachers have expressed opposition to the government’s plan to hire part-time instructors, sa... 

Ex-Hyundai men power Ssangyong 
Former Hyundai Motor executives have led Ssangyong Motor through years of an economic downturn to make a turnaround for the second quarter in six years.
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Dong A (
http://english.donga.com)
Pres. Park not to tolerate attempts that cause social divisiveness
President Park Geun-hye warned Monday, "There are many things happening that cause confusion and divisiveness. I won`t tolerate or overlook these things that let people`s trust fall and cause divisiveness." President...

President Park presides meeting with senior secretaries
President Park Geun-hye speaks during a meeting with senior secretaries at the President Office Monday. It is the first time in 25 days that the president presided the meeting. ...

Students take ‘fun traffic safety class at school’
“There are many cars passing by right in front of the main gate to the school. Who do you think should be careful, you or the cars?” Listening to the instructor’s questions, children answered one after another, with...

Kim Jong Un appears on advertisement in New York again
A series of advertisements featuring North Korean leader Kim Jong Un have appeared in the United States.

`Tokyo should issue statement admitting forced draft of comfort women`

Do you know the Korean version of MK Taxi?
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Chosun Ilbo (
http://english.chosun.com)
Poverty Means Fewer Visits from Kids for Elderly
Parents in Korea apparently need more money if they want to see their children often in their twilight years. Studies have found that the poorer the parents are, the less often they are visited by their grown-up offspring.

Korea Hopes to Combat Illegal Fishing Via FTA with China
Korea wants to include in a free trade agreement with China a clause that bans the import of fish from China if Chinese fishermen continue to fish illegally in Korean waters. The ban will apply to fish caught in the joint fishing zone in the West Sea managed by the two countries according to a bilateral fisheries agreement.

Samsung Loses Ground in Japan as iPhone Sales Pick Up
Samsung Electronics is losing its grip on the Japanese smartphone market. The company only sold around 1 million phones in the third quarter for the first time this year, causing its market share in the country to fall below 10 percent.

Israelis Skeptical Over Iran Nuclear Pact
Israeli leaders see the interim agreement on Iran's nuclear program as a bad deal that does nothing to stop Iran's efforts to build nuclear weapons and Israeli analysts are...

Criticism Escalates Over China's New Airspace Defense Rules
China's neighbors Japan and Korea have voiced concern about Beijing's decision Saturday to suddenly announce the establishment of an air defense identification zone over disputed...
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Hankyoreh (
http://english.hani.co.kr)
China claims airspace administered by South Korea and Japan
Countries respond with regret and concern that China’s claim could jeopardize stability in East Asia
China announced on Nov. 23 it had set up an air defense identification zone (ADIZ) that encompasses not only Ieo Island, which is administered by South Korea, but also the Diaoyu Islands (called the Senkaku Islands in Japan). The Diaoyu Islands are the subject of an ongoing territorial dispute with Japan.

Priest being painted as “pro-North” after criticizing the government
The Jeonju diocese of the Catholic Priests’ Association for Justice (CPAJ) is opting to remain quiet after veteran priest Park Chang-shin touched off a recent furor with remarks about the Northern Limit Line (NLL) in the West (Yellow) Sea during an “special mass” on Nov. 22. The diocese’s concern is that any response to the controversy might leave it vulnerable to charges of being “pro-North Korea,” while the purpose of the mass - to urge President Park Geun-hye to resign - ends up forgotten.

World Bank pres. says aid would come to N. Korea after political breakthrough
In reference to economic aid to North Korea, World Bank President Jim Yong Kim said the bank is prepared to provide rapid assistance to North Korea when a political breakthrough is made.
Kim, who is making a trip to South Korea and Japan next week, met with South Korean Washington correspondents on Nov. 24. “My father fled North Korea by himself during the Korean War, and his brothers and sisters still live in the North,” Kim said,“ so the North Korean issue is of great interest to me on a personal level.”

“Don’t wear animals, hug them”
Animal rights activists and children hold a protest calling for fashion shows to not use clothing with fur or other animal products, in Seoul’s Samsung neighborhood, Nov. 24. Th...

The trouble of fine dust from China
Foreign tourists wear masks to protect themselves from the high-density fine dust from China in the air in Seoul’s Myeongdong neighborhood, Nov. 24. The levels yesterday exceede...
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Joong Ang (conservative): (
http://koreajoongangdaily.joinsmsn.com/)
Outcry as China maps new air defense zone
The Korean government yesterday expressed regret that China’s newly declared air defense zone includes airspace around Korea’s Ieodo, which could potentially heighten military tensions in the region. Seoul and Beijing have disputed the sovereignty of Ieodo, also known as Socotra Rock, a group of underwater reefs located 149 kilometers (92 miles) southwest…

Joseon paintings from Germany debut in Korea
A book of 21 paintings by renowned Korean painter Jeong Seon (1676-1759), which made a dramatic return home in 2005 from a German monastery…

Park condemns priest’s remarks
President Park Geun-hye yesterday made it clear she would no longer tolerate attempts to disrupt social order, apparently issuing a strong warning…

USFK may keep tripwire function
The United States is mulling over a plan to keep some of its frontline troops in areas north of Seoul for a more effective defense against threats from North Korea…

Bank teller arrested after hiding for 8 years
A former bank teller who has been in hiding for more than eight years after being accused of withdrawing 5 billion won ($4.71 million) from nearly 120 clients’ accounts…

‘Drug King’ in Gimhae busted after a car chase
Prosecutors indicted five drug smugglers and one drug user with physical detention and confiscated 370 grams (13 ounces) of methamphetamine from them…

Kerry discusses nuclear weapons
Amid concerns over a deal that would tentatively freeze Iran’s nuclear program, U.S. Secretary of State John Kerry said that the Middle Eastern nation…

Zookeeper mauled after tiger escapes enclosure
A zookeeper at a wildlife park is in serious condition after a tiger that escaped its enclosure pounced on him and bit him on the neck Sunday…

Japan ready to fight ruling over wartime laborers
Japan’s government will take legal action if the South Korean Supreme Court upholds a ruling mandating that two Japanese companies compensate the Korean laborers…

Outcry as China maps new air defense zone
The Korean government yesterday expressed regret that China’s newly declared air defense zone includes airspace around Korea’s Ieodo…

Futurist sees a key role for Korea
Despite its namesake, Korea’s creative economy initiative needs to be more creative in its approach to have its impact felt both at home and abroad…

Securities analysts find a lot to like in 2014 stocks
While many brokerage firms in Korea have forecast a bullish 2014 for the local stock market, they warn that a high index does not necessarily mean…

Long also-rans, preferred shares live up to their name
Korean preferred shares are beating common stocks by the widest margin on record as surging cash holdings boost the outlook for dividend payouts by Samsung Electronics…
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Edaily (
http://eng.edaily.co.kr/Stock/)
[US the closing price]The U.S. Dow Jones Index, 7.77p( 0.05%) slightly up.
The U.S. Dow Jones Index Closing (At 2013.11.25) The Dow closed at 16,072.54p, slightly up 7.77p( 0.05%) ...

[Closed] Domestic rate of return of final bid closed. 3-year government bond up 2bp.
This is the rate of return of final bid. Quoted by Korea Financial Investment Association, domestic rate of return of final bid of 3-year government bond recorded at 2.97%, up ( 2bp) from yesterday. ...

[Table]Exchange Rate Quotation
This is Exchange rate Quotation offered by Korea Exchange Bank. [table] Exchange Rate Quotation Offered by KEB ...

[Table]Exchange Rate Currency Crossrate
2013.11.26 08:10(Korean time), this is Currency Crossrate of major 12 countries. [table] FX Cross Currency ...
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Maeil Kyungje (neutral-oriented conservative, economic/business): (
http://news.mk.co.kr/english/)
“Smart shoppers” redefine consumption patterns amid recession
 Amid fast-shrinking consumer spending amid the prolonged recession, consumption patterns are changing in South Korea.Consumers who have become more sensitive to prices are reluctant to purchase products, yet they flock to discount events to grab must-have items, and do not hesitate to buy expensive products that they find highly satisfying. This points to the rise of “smart shoppers,” who go for value-oriented spending.Smart shoppers with fashion- co..
Park condemns priest’s pro-North comments
“I see many acts seeking to sow upheaval and division at home and abroad,” said South Korean President Park Geun-hye Monday. “I and my government will neither tolerate nor overlook attempts to undermine the public trust and fuel discord.”

Morgan Stanley injects additional $38mn in Kolao Holdings
Morgan Stanley Investment Management Company, the second largest shareholder of Kolao Holdings, a notable South Korean firm operating overseas, left behind the chance to cash in tens of billions of won worth of gains and instead invested an additional $38 million (about 43 billion won) in the Korean company.

“Smart shoppers” redefine consumption patterns amid recession
Amid fast-shrinking consumer spending amid the prolonged recession, consumption patterns are changing in South Korea.

Finance minister: gov’t to focus on economic recovery, job creation next year
South Korea’s Deputy Prime Minister and Finance Minister Hyun Oh-seok noted Monday that the government’s policy efforts for next year will concentrate on economic recovery and job creation.
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