April 17, 2014

The Korean daily media headlines and humor
Thursday, April 17, 2014

We at The Korea Post offer our deepest condolences over the ill fate of the victims of the Sewol-Ho Ferry Ship, and hope that more passengers of the Ship will be rescued.

Here are The Korea Post notice, 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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The Korea Post Notices:

The Ansan International Street Festival on May 3, 2014, to which we have invited the Excellencies and Madans, has been cancelled due to the sinking of the Sewol-Ho Ferry Ship. This is because most 300 students of the Ansan Danwon Highschool were on board of the ill-fated Ship and many of them have become the victims. We pray for the safe rescue of the missing students as well as our deepest condolences for the victims.
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We have stories and photos on the tour of the Yeongam Wangin Culture Festival as follows:
English stories and photos: /news/view.html?section=161&category=181&no=504----------

Is your National Day coming up soon? Or is the Head of State of your country visiting Korea soon?
You may have the portrait painting of your Head of State painted by a famed Korean portrait artist who has painted the portraits of President George W. Bush, President Lee Myung-bak at Cheong Wa Dae, President Park Chung-Hee, the then First Lady Park Geun-hye and various other most important persons of Korea and the world.
Please visit the following sites of The Korea Post Internet for sample paintings.
Please directly call Chairman Lee of The Korea Post at 010-5201-1740 for immediate contact with the artists.
For more photos, please visit:
http://koreapost.koreafree.co.kr/board/index.html?id=artgallery&no=3http://koreapost.koreafree.co.kr/board/index.html?id=artgallery&no=11http://koreapost.koreafree.co.kr/board/index.html?id=artgallery&no=1

H.M. Sultan Qaboos Bin Said of Oman.
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Humor from Korean economic dailies:

Seoul Kyungje

A market guru walks into a pizzeria to order a pizza.
When the pizza is done, he goes up to the counter to get it.
There a clerk asks him:
"Should I cut it into six pieces or eight pieces?"
The guru replies: "I'm feeling rather hungry right now. You'd better cut it into eight pieces."

Hankuk Kyungje

Noah's Ark (4)
Noah continued to wail, “Next, I started gathering up the animals but got sued by an animal rights group that objected to me taking along only two of each kind. And just when the suit got dismissed, the environment officials notified me that I couldn’t complete the ark without filing an environment impact statement on your proposed flood. Then…”
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KBS (http://world.kbs.co.kr/english/news/)

Six Confirmed Dead, 290 Still Missing from Ferry Sinking
At least six people have been confirmed dead and 290 missing as of Thursday morning from the sinking of the ferry, the Sewol.
The six-thousand-800 ton ship sank near Byeongpung Island, located west of Muan International Airport in the nation’s southern coast on Wednesday. The Sewol left from Incheon on Tuesday around nine p.m. carrying 475 people, and sent a distress signal at 8:58 Wednesday morning.

UN Chief Sends Letter of Consolation to Pres. Park over Ferry Incident
U.N. Secretary-General Ban Ki-moon has expressed condolences over the sinking of the ferry, the Sewol, in a letter to President Park Geun-hye.

Countries Express Condolences to Victims of Ferry Sinking
Countries around the world have expressed condolences over the sinking of a ferry carrying 475 passengers off South Korea's southern coast. At least six people have been confirmed dead as of Thursday morning and 290 remain missing.

US Treasury Calls on S. Korea to Limit Forex Intervention

KOSPI Closes Slightly Lower

Warm Weather Spikes Demand for AC Appliances

N. Korea Denounces Seoul's Refusal to Hold Joint Probe on Drones

'Russian Deputy Prime Minister to Visit N. Korea Soon'

Seoul Rejects Pyongyang's Offer for Joint Probe of Drones

State Dept: Top Nuke Envoys of US, China Hold Productive Talks
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Yonhap (http://english.yonhapnews.co.kr)

Six dead, 290 missing in S. Korean ferry sinking
U.S. gov't offers condolences over S. Korean ferry sinking
U.N. Security Council set to address N. Korean human rights issue
The U.N. Security Council will begin informal discussions on human rights violations in North Korea later this week, the U.S. government said Wednesday, amid keen international attention to the problem following the release of a U.N. panel report in February.

Korea's producer prices dip for 18th month in March
South Korea's producer prices declined for the 18th straight month in March as oil prices declined and the local currency gained against the U.S. dollar, the central bank said Thursday.

S. Korea, Japan agree to hold regular talks on sex slaverySouth Korea and Japan agreed Wednesday to hold regular director general-level talks on the Japanese imperial army's sexual enslavement of Korean women during World War II in their first meeting on the contentious diplomatic issue, a foreign ministry official here said Wednesday.

Air Incheon to start cargo flights to China, Japan, Russia
Air Incheon, South Korea's only dedicated air cargo carrier, said Wednesday that it plans to provide regular flights to China, Japan and Russia in the coming weeks as pa..

Samsung vice chairman says non-memory chip sector facing challengesThe vice chairman of Samsung Electronics Co., a global leader in semiconductors and mobile phones, said Wednesday that the company's non-memory chip sector is facing maj..

Hyundai Motor kicks off grassland development project in ChinaHyundai Motor Co., South Korea's No. 1 carmaker, said Wednesday that it will kick off a massive grassland development project in China as part of its effort to preserve ..

Samsung's talks on leukemia victims again stalled
Samsung Electronics Co. on Wednesday rejected blame for ongoing confusion on talks over the deaths of workers from diseases possibly linked to workings..
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The Korea Herald (http://www.koreaherald.com)

Ferry disaster leaves at least 6 dead, 290 missingA ferry carrying 475 passengers and crew sank off the coast of Jindo Island in South Jeolla Province on Wednesday, leavi...

‘I think I’m going to die,’ student on ferry told grandma
Park Ji-yoon hadn’t wanted to go on her high school’s trip to the South Korean resort island ...

Prosecutors raid POSCO unit in corruption probeProsecutors on Wednesday raided a subsidiary of South Korea’s leading steelmaker POSCO over co...

Seoul, Tokyo hold sex slavery talks
Seoul and Tokyo on Wednesday began their first director-general-level meeting on the issue of K...

Dispute flares on why game addict killed sonThe Daegu District Court on Wednesday issued an arrest warrant for a 22-year-old surnamed Jeong, a day af...

Trilateral coordination
Seoul and Tokyo have been stepping up three-way security consultations with Washington ahead...

Lessons for securityIt was a belated but due step for opposition leader Kim Han-gil to issue a warning Tuesday t...

Rivals show force in eastern UkraineUkrainian government forces and separatist pro-Russian militia staged rival shows of force in eastern Ukraine on Wednesday amid escalating rhetoric on the eve of crucial four-power talks in Geneva on ...

Pro-North Korean forces: Legacy of divided peninsulaLast June, Rep. Lim Su-kyung of the main opposition New Politics Alliance for Democracy was at ...

Tenor talks about life’s many turnsKang Yosep seems to be a hot commodity in Europe’s opera scene. Last December, he sang the lea...
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The Korea Times (http://www.koreatimes.co.kr)

Six dead, 290 missing in ferry sinking off southwestern coast
At least six people were killed, with the fate of 290 others unknown, in the sinking of a South Korean ferry off the country's southwestern coast, officials said early Thursday. As military divers and other rescuers resumed a de...

'Wrong instructions increased death toll'
Survivors of the ferry Sewol said an announcement from the captain asking passengers to stop moving worsened the situation. “I ran into my room, after I heard the announcement. But things didn’t seem right,” a female student who...

U.S. gov't offers condolences over S. Korean ferry sinking
The U.S. government expressed its condolences Wednesday to the families of those who were killed in the sinking of a South Korean ferry. "We extend our deepest condolences to the loved ones of those who lost their lives on board...

Navy, Coast Guard lead rescue effort 
Navy and Coast Guard divers began to search a ferry that capsized near Jindo Island off the southw... 

Sewol capable of carrying 920 passengers, 220 cars  
Sewol, a car ferry which sank off Korea’s southern coast on Wednesday, is a large vessel designed ... 

'IOC inquiry into Moon reopened' 
The International Olympic Committee (IOC) reconvened its ethics committee to determine the status ... 

Housing rentals for expats now thriving business 
Renting housing to expatriates has turned into a booming business thanks to a rise in the number o... 

Seoul, Tokyo to talk on sex slavery again in May  
Korea and Japan failed to find common ground in their first talks related to the Japanese imperial... 

Hyundai Heavy stake obstacle to Chung's bid  
Rep. Chung Mong-joon of the ruling Saenuri Party is emerging as a major threat to Seoul Mayor Park...
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Dong A (http://english.donga.com)

North Korea celebrates founder`s birthday with fireworks
North Korea set off fireworks on Tuesday, marking the birthday of its late leader Kim Il Sung. No armed protest, such as a launch of long-range ballistic missiles or military inspection, was displayed. An official... 
Ukraine embraces looming crisis of civil war
Ukraine military tanks carrying armed soldiers make a line on Monday as they head to Slavyansk, a city in eastern Ukraine (top photo). Government buildings in the city are already occupied by pro-Russian armed...
New malicious code breaches double security system
The government has adopted a multiple authorization process for transactions transferring over 1 million won in order to prevent financial fraud in electronic banking. However, an “intelligent malicious code” that...

Samsung SDI introduces curved battery with world’s largest capacity
Samsung SDI unveiled on Tuesday a curved battery with the largest capacity in the world, which is mounted in the "Samsung Galaxy Gear Fit." The Samsung Gear Fit is a wearable smartband that Samsung Electronics...
Hong: ‘Russia is team of passes, not of power’ 

Infamous Mt. Mudeung robber turns to ‘petty thief’ 

Park slows down ‘unification bonanza’ initiative 

Ryu Hyun-jin shows stellar pitching, needs to adapt for 4-day rest 

Amazon to launch 3D smartphone in September 
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Chosun Ilbo (http://english.chosun.com)

290 Missing in Ferry Disaster Off Southwest Coast
Six people died and 290 are missing after a ferry sank off the southwest coast on Wednesday morning. The ship carrying 475 people was on its way from Incheon to the resort island of Jeju. The passengers included 325 high-school students. >> Full Text

N.Korea Asks Chinese Wax Museum to Make Kim Il-sung TallerNorth Korea asked a Chinese waxwork expert to make a figure of nation founder Kim Il-sung taller than he really was. Kim Il-sung (left) and Kim Jong-il Kim Il-sung (left) and Kim Jong-il Zhang Molei, director of the Great Men Wax Museum of China, said. "Kim Il-sung was actually around 1.73 m tall, but we made his figure 1.89 m tall at North Korea's request." >> Full Text

Korean Carmakers Bet on Mideast MarketHyundai launched its new Genesis in Dubai on April 8 to kick-start sales in the Middle East, a week after the luxury sedan went on sale in the U.S. The Middle East launch came even before the car's debut in China, the world's biggest car market, or Europe. >> Full Text

Obama to Return Royal Seals to Korea

Nearly 1 Million Koreans Look for Jobs Cars on Korean Roads to Exceed 20 Million This Year

Kia to Unveil New Carnival Minivan

Spring Sunshine Triggers Mixed Emotions in Women
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Hankyoreh (http://english.hani.co.kr)

NIS director not resigning after widespread use of false evidenceNam Jae-joon has apologized, but fallout could be a political liability moving ahead
President Park Geun-hye indicated that she does not plan to hold National Intelligence Service (NIS) director Nam Jae-joon accountable for the falsification of evidence in the Yoo Woo-sung espionage trial.
Her remarks at a Blue House cabinet meeting, the first part of which was open to reporters, on Apr. 15 - just 20 hours after prosecutors announced findings from their investigation of the case - mean that Nam received what amounts to an official presidential exoneration.

South rejects North’s offer of joint investigation of drones
“This has all been cooked up by South Korea. We should investigate this together,” North Korea’s National Defense Commission said on Apr. 14.
“North Korea is a suspect in the case. They aren’t qualified [to join in the investigation],” South Korea’s Blue House responded on Apr. 15.

Ailing Pantech could be sold to a foreign buyerFollowing the news that Pantech, South Korea’s third-largest manufacturer of mobile devices, could be sold to a foreign buyer, there are concerns about South Korean technology being leaked overseas and the decreasing competitiveness of domestic industry. Such concerns were also expressed after the sale of Ssangyong Motor.

Negotiations stalling over workers who fell ill working for Samsung
Negotiations over a rash of diseases among workers at Samsung Electronics semiconductor factories appear to be stalling.
Banollim, a watchdog group representing Samsung Electronics semiconductor workers who contracted leukemia and other diseases - as well as the survivors of victims who passed away - said on Apr. 15 that it opposes proposed discussions through a “third-party mediating body.” Banollim is in favor of direct negotiation.

North Korea issues new criticisms of South’s leadershipAfter North Korean came out on Apr. 12 to bash proposals made by President Park Geun-hye in her Dresden Declaration, the North criticized South Korea again on Apr. 14 for “pushing inter-Korean relations toward a catastrophe,” citing South Korea’s slander and defamation. The move illustrates how the North’s verbal attacks on the South have gradually been increasing in intensity.

NIS agents indicted over spy case evidence falsification
Prosecutors concluded their investigation of the National Intelligence Service (NIS) chain of command behind document falsification in the Yoo Woo-sung espionage case by delivering a Level 3 anti-communist investigation office chief to the court.
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Joong Ang (conservative): (http://koreajoongangdaily.joinsmsn.com/)

Hundreds feared dead in sunken ferryWith 244 high school students unaccounted for, nation faces worst maritime disaster in decades
A ferry carrying 459 people, mostly high school students on a four-day school trip to Jeju Island, sank off the southwestern coast, …

Foreigners might get green cards with flat purchasesThe government is considering a plan to give green cards to foreigners who buy empty apartments or houses worth more than 500 million won …

Lee returns to Korea soonSamsung Electronics Chairman Lee Kun-hee is expected to return to Korea as early as this week, according to Samsung Group …

Convenience rules at drive-thrusThere was once a time in Korea ? more than a decade ago ? when many people found a scene from “Charlie’s Angels” quite strange …

Picking up a Samsung manWhen a snake shows up out of nowhere, a Hyundai Group employee catches it with bare hands. A Doosan Group employee asks …

NIS let off easy, lawmakers sayPresident Park Geun-hye’s apology on Tuesday concerning the fabrication of evidence by National Intelligence Service agents …

Approval rating for NPAD plummets in 4 weeksThe approval rating of the main opposition party, the New Politics Alliance for Democracy, took a shuddering drop …
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Edaily (http://eng.edaily.co.kr/Stock/)

[Table] Today’s Stock Market BriefThis is a stock market brief of Today. [table] Total stock market id="" width="570...

[Closed]KOSPI 1,934.94p( 15.42p) slightly up, KOSDAQ 546.83p( 5.04p) slightly upKOSPI & KOSDAQ Index Closed KOSPI closed slightly up 15.42p( 0.80%) at 1,934.94p from yesterday. KOS...

[Table]Currently Index of Major Country in ASIAThis is Index of Major Country in ASIA. [table] Index of Major Country in ASIA ...

[Midday]KOPSI 1,931.41p( 11.89p) slightly up, KOSDAQ 546.56p( 4.77p) slightly upKOSPI & KOSDAQ Index KOSPI slightly up 0.62%(11.89p) to 1,931.41p at 14:01. KOSDAQ slightly up 0....

[Table]Currently Index of Major Country in ASIAThis is Index of Major Country in ASIA. [table] Index of Major Country in ASIA ...
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Maeil Kyungje (neutral-oriented conservative, economic/business): (http://news.mk.co.kr/english/)

S. Korean ferry with 459 passengers sinks; 293 missing, 2 dead
A South Korean passenger ship, which carried 459 people including high school students on a field trip to Jeju Island, sank off Korea’s southern coast in the morning of April 16.The private sector, government, military and police have mobilized all available means - helicopters, patrol boats and private fishing boats for rescue efforts. However, 293 passengers still remain unaccounted for as of 4:00 p.m., according to the tally by the coast guard. T.....04.16.2014

Forum proposes Korean version of Marshall Plan for r..

Gov’t to loosen regulations on youth start-ups

S. Korea’s state firms put halt to ove..

Samsung Securities to push for downsizi..

Heart of S. Korean economy shifts to Ch..

Won soars to 1,041 won against dollar

Parliament likely to go ahead with pass..

The Korea Post notice:

Here are more portrait paintings by Artists Chung Hyung-Mo and Kim Dong-Hyun:

Above photo shows the late former President Park Chung Hee of Korea looking out the window at Cheong Wa Dae lost in contemplation over the future development of Korea. Artist Chung created the work in 1990 and the size of the painting is 100 Ho.

Above photo shows President Park Chung Hee (right) speaking with President Gerald R. Ford of the United States at the Presidential Office of
Cheong wa Dae in Seoul. President Ford visited Korea in November 1974.

Above photo shows the late former First Lady Madam Yuk (wife of President Park) looking after aged people. First Lady Yuk used to be called an 'Opposition leader inside Cheong Wa Dae' speaking to the President for the benefit of less privileged people in Korea.

Above: President Kim Dae-jung and First Lady Lee Hee-Ho.

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