Oct. 30, 2014

The Korean daily media headlines and humor
Thursday, Oct. 30, 2014

Your Excellency:
Here are 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:

Use The Korea Post Korean-language Internet Daily for your publicity need.

The Korea Post has completely renovated and upgraded its real-time Korean-language Internet into a regular Internet Daily (www.koreapost.co.kr).
Use it. It has a much wider audience in Korea than the English edition. Send your press releases to edt@koreapost.com for real-time publication.
The Korea Post exists to serve Your Excellency.
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Tour of Pyunkang Oriental Clinic: It is NOT October but November

Our sincere apology: In our invitation faxed to Your Excellency, we inadvertently wrote October instead of November which is the correct month.
The invitation is for the Excellencies and Madams to a Luncheon and Tour of Pyunkang Oriental Clinic for the exploration of possibilities of cooperation between Korea and your esteemed country in Oriential medicine through the use of Pyunkang Clinic.
The meeting place is the Diplomatic Center in Socheo-dong where the Uzbekistan Embassy is located, the time is 1000 hours 12 November 2014, Luncheon at 1200 hours and tour of Pyunkang Oriential Clinic 1300-1500 hours. Whoever wishes a quick checkup and diagnosis for diseases, especially respiratory diseases that are rampant in the changing times before winter, Your Excellency and/or Madam are most welcome.
It is an interesting tour good for the health of the people in your country as well as Korea, and I recommend that Your Excellency not miss the opportunity as it is only for several hours on that day and also in Seoul instead of the countryside.
The following stories by The Korea Herald and The Korea Post would give Your Excellency an idea as to what to expect from the tour:

Korea Herald story (http://www.koreaherald.com/view.php?ud=20141009000329)
The Korea Post story (/news/view.html?smode=&skey=Pyunkang&x=14&y=13&section=165&category=192&no=595)
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Here is today’s ration of humor from a Korean-language business daily of this morning:

Seoul Kyungje

Three businessmen were having dinner at a club. When it came time to pay the check, each grabbed for it.
"It's a business expense," said one.
"I'll pay," said the second. "I'm on cost plus."
"Let me have it," argued the third. "I'm filing for bankruptcy next week."
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KBS (http://world.kbs.co.kr/english/news/)

Park Urges Parliament's Cooperation to Reform Civil Servants Pension by Year-end
President Park Geun-hye gave a nationally televised administrative policy speech in parliament on Wednesday.

Body Recovered From Sunken Sewol Ferry
The body, presumed to be female, was the first to be discovered at the disaster site in 102 days.  It has been pulled out of the ship and is scheduled to be transported to Paengmok Harbor for a DNA analysis.

Over 40 Volunteer for Ebola Dispatch to West Africa
The number of healthcare workers who have volunteered to be sent to West Africa to help treat Ebola patients has exceeded 40.

KOSPI Ends Higher

Samsung Slides to 3rd on Innovative Firms List

S. Korea Posts Current Account Surplus for 31st Straight Month

Remains of 437 Chinese Soldiers Killed in Korean War Buried in China

24 Nations Gather for Seoul Defense Dialogue

Special Briefing on N. Korea's Human Rights Held at UN

Body Recovered From Sunken Sewol Ferry

Gov't to Provide More Detailed, Frequent Forecasts on Air Quality

Over 40 Volunteer for Ebola Dispatch to West Africa
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Yonhap (http://english.yonhapnews.co.kr)

Families of missing in ferry disaster demand new search plan
The families of passengers still officially listed as missing from the sunken ferry Sewol demanded Wednesday that the government come up with a thorough plan to find and recover the bodies.

Samsung Electronics Q3 net down 49 pct
Samsung Electronics Co., the world's top smartphone maker, said Thursday its net profit fell 48.7 percent in the third quarter from a year earlier, as its faltering smartphone business dragged down overall sales.2014/10/30 08:51

U.S. says N. Korea's alleged executions another example of 'extreme brutality'
North Korea's alleged execution of dozens of people this year, if confirmed, would represent yet another example of the communist regime's "extreme brutality," the U.S. State Department said Wednesday. 2014/10/30 03:43

N. Korea says OPCON transfer delay is a crime, vows to take decisive action
North Korea on Wednesday blasted Seoul for delaying the taking back of wartime control (OPCON) of its troops from the United States, claiming the decision is a crime against the Korean people. 2014/10/29 23:01

Samsung heir pledges to expand
Chinese operations in meeting with Xi Jinping Samsung heir pledges to expand Chinese operations in meeting with Xi Jinping SEOUL, Oct. 29 (Yonhap) -- Samsung Group's heir-apparent has pledged to expand the conglomerate's operations in China at a meeting with Chinese President Xi Jinping, the conglomerate said Wednesday. 2014/10/29 22:10
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The Korea Herald (http://www.koreaherald.com)

Growth to top president Park’s agenda
President Park Geun-hye urged the rival parties Wednesday to support her government’s economic stimulus plan for next y...

Inter-Korean talks continue to hang in the balance
The prospect for the resumption of high-level inter-Korean dialogue further dimmed Wednesday as...

‘Europe’s peace process can be tailored for East Asia’
Europe’s peace process can be tailored to promote trust and stability in East Asia, which has ...

Orbital rocket explodes after launch
An unmanned rocket owned by Orbital Sciences Corporation exploded Tuesday in a gi...

New iPhones set to hit Korean shelves
The worldwide craze over the new iPhones will hit the South Korean market on Friday when the iPhone 6 and...

Pork-barrel squandering
The four-river development project pushed during the Lee Myung-bak administration is a typic...

Nuke threat looms larger
A report that North Korea is believed to have the capability to deliver a small nuclear warh...
   
Ssangyong X100 in final stages
Excitement was clearly visible on the faces of employees worki...

Herald-KYJ golf tournament to kick off on Jejudo Island
The Herald-KYJ Tour Championship golf tournament will take place at the Lotte Skyhill Jeju Coun...
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The Korea Times (http://www.koreatimes.co.kr)

Seoul wants Asia's UN Office in DMZ
South Korea is seeking to host an office of the United Nations within an envisioned peace and ecological park inside the Demilitarized Zone (DMZ), according to a key unification policy architect. The government is considering se... Four-step NK nuke dismantling revealed  Under pressure: NK human rights come into spotlight Pyongyang has been on the defensive over a U.N. human rights report. In a special podcast, Steve Miller talks with activist Joanna Hosaniak about holding the regime accountable for its actions.  Korea rises in business environment rankings Korea ranked fifth out of 189 countries for its business-friendly environment, up two notches from seventh last year, the World Bank said Wednesday. This year’s standing is the highest ever for Asia’s fourth largest economy sinc...

40 apply to be on Ebola team  
About 40 doctors, nurses and medical staff have so far applied for the 10 civilian posts on a team to be sent to help fight the Ebola epidemic in Western Afri...

New US envoy's arrival delayed  
Newly appointed U.S. ambassador to Korea Mark Lippert will arrive in Seoul later than originally scheduled. 

Korea Times names new president 
The Korea Times promoted Vice President Lee Chang-sup to president and publisher, Wednesday.

Park expands budget to boost economy  
President Park Geun-hye sought bipartisan cooperation with the government’s economic stimulus package Wednesday, saying it is the “last golden opportunity” to...

NK rebuffs Seoul's offer to hold inter-Korean talks  
North Korea apparently rebuffed South Korea’s offer to hold inter-Korean talks,Thursday, according to the government Wednesday. 

'OPCON transfer delay hurts sovereignty' 
Seoul and Washington's agreement to delay South Korea's takeover of wartime operational control (O... 

Anti-NK leaflets escalate division 
North Korea shot down leaflet balloons that Fighters for Free North Korea (FFNK), an activist grou...
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Dong A (http://english.donga.com)

Second inter-Korean talks fail on anti-Pyongyang leaflets
The second high-level inter-Korean talks, which the South Korean government proposed to be held on Thursday, have aborted. “(Seoul) is doing nothing about the (anti-North Korea) propaganda leaflets, claiming that... 
Battle over N. Korean human rights
Kim Hye-sook, 53, who spent 28 years at a notorious North Korean concentration camp, testifies on the human rights situation in the communist state at a special forum at the U.N. headquarters in New York on Wednesday;...
Choe Ryong Hae called ahead of Hwang Pyong So: NK`s power ranking shift?
Choe Ryong Hae, secretary to North Korea`s ruling Korean Workers’ Party, has regained his post as a member of the party`s Political Bureau Presidium. Delivering the news of the completion ceremony of Pyongyang May...

Korea to import Ebola drugs from Japan
The South Korean government has decided to bring in Ebola treatment drugs if a disease suspect is detected. The Health and Welfare Ministry said Wednesday said, "We made an agreement with Japanese pharmaceuticals firm...

LG Electronics set record high Q3 earnings
Smartphones made LG Electronics happy again in the third quarter of this year following the second quarter. LG Electronics said on Wednesday, “The Mobile Communication business division, which is in charge of a...
(2014 World Series) Kansas City crushes San Francisco 10-0 

Can SK pitcher Kim join U.S. Major League Baseball? 

Kim Ki-tae named new manager of Kia Tigers 

Korea Football Association chief to run for FIFA executive committee membership 
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Chosun Ilbo (http://english.chosun.com)

Over 6 Million Koreans Have Non-Regular Jobs
The number of non-regular workers topped 6 million for the first time in August. The number of Koreans working on a contract basis rather than a full job stood at 6.08 million as of August, up 2.2 percent or 131,000 on-year. >> Full Text

Non-German Automakers Boost Market Shares in Korea
A noticeable change in the domestic car market this year has been the strong performance of imports from countries other than Germany. Volvo and Cadillac have launched aggressive marketing campaigns for new models. Volvo saw sales from January to September of this year increase around 62 percent compared to the same period of 2013 after it rolled out new models.  >> Full Text

Tributes Pour In for Singer Shin Hae-chul
Tributes poured in on Tuesday for Shin Hae-chul, who died on Monday from complications in the wake of a heart attack at the age of 46. The funeral parlor at Asan Medical Center in Seoul saw a stream of visitors. Bae Chul-soo, Lee Seung-chul and Kim Hyun-chul were among many fellow musicians who paid their respects.  >> Full Text

Kim Jong-un Vanished Due to Ankle Surgery, Spies Say

N.Korea Hacks 20,000 S.Korean Smartphones

Divers Recover 1 More Body from Sunken Ferry
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Hankyoreh (http://english.hani.co.kr)

Business experts: policies need to go back to times of “catch-up”
South Korean industries losing ground in key areas to growing competition from China
“In 2012, South Korea was 4.7 years behind the US in science and technology competitiveness, but just 1.9 years ahead of China.”
“The gap between South Korea and China on the UN international manufacturing index shrank from eleven ranking spots in 2000 to three in 2010.”

Blue House finally specifies Pres. Park’s “missing seven hours”
During the parliamentary audit, the Blue House addressed President Park Geun-hye’s actions on the day of the Sewol tragedy, telling lawmakers that she had received 19 briefings and given seven orders during the much-debated “missing seven hours.” This is the first time that the Blue House had specified what Park was doing during each hour of that time.

Semiconductor workers filing claim for industrial accident recognition
On Oct. 28, 19 workers who contracted leukemia and other rare diseases while working at the factories of semiconductor producers including Samsung Electronics and the relatives of workers who have died of these diseases filed a claim for those diseases to be recognized as industrial accidents.

Legislation trying to change Korea’s definition of “life partner”
Mr. Lee, 34, has lived with his partner, a 29-year-old white-collar worker surnamed Ha, for over three years. But when Ha was taken to the emergency room, Lee had to ask his older sister to come all the way to sign the surgery consent form. Lee had no standing as a legal guardian.
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Joong Ang (conservative): (http://koreajoongangdaily.joinsmsn.com/)

At Assembly, Park outlines steps to help the economy
President Park Geun-hye called on lawmakers to accept a bigger fiscal deficit to breathe life into the moribund economy during her annual parliamentary address yesterday. “The government has made economic revival its top state affairs management goal for next year, setting aside an additional…  .

North avoids talks with South
A proposal to hold a high-level government meeting between South and North Korea today fell through because of Pyongyang’s persistent and unreasonable demands,…

LG sees turnaround with success of its G3 phone
Is LG’s smartphone business experiencing a comeback thanks to the G3?According to LG Electronics yesterday, profit more than doubled from a year earlier in the third quarter thanks largely…

NIS says Jong-un had cyst removed
South Korea’s intelligence agency described some details of North Korean leader Kim Jong-un’s recent health woes, confirming that he is recovering from ankle surgery to remove a cyst…

Russia takes on North’s railway project
A joint project between North Korea and Russia to refurbish the Asian nation’s railways is estimated to take about 20 years, according to the CEO of the Russian construction company NPO…

Price of trash bags to go up in stages

Seoul announced Tuesday that it will increase the price for standard plastic garbage bags in two stages, once in 2015 and again in 2017, up 36 percent and 56 percent, respectively.…

Mobile act conflicts with marketing methods
In June, U.S.-based large discount retail chains Walmart and Costco drastically cut their retail price for the iPhone 5S. A 16-gigabyte iPhone 5S with a two-year contract is now on sale for $79, …
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Edaily (http://eng.edaily.co.kr/Stock/)

[Table] Today’s Stock Market Brief
This 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 up
KOSPI & 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 ASIA
This 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 up
KOSPI & 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 ASIA
This is Index of Major Country in ASIA. [table] Index of Major Country in ASIA ... 

[Midday]KOPSI 1,931.82p( 12.30p) slightly up, KOSDAQ 545.52p( 3.73p) slightly up
KOSPI & KOSDAQ Index KOSPI slightly up 0.64%(12.30p) to 1,931.82p at 13:01. KOSDAQ slightly up 0.... 

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

Maeil Kyungje (neutral-oriented conservative, economic/business): (http://news.mk.co.kr/english/)
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Maeil Kyungje (neutral-oriented conservative, economic/business): (http://news.mk.co.kr/english/)

Investors resort to pre-sale commercial properties, overseas bonds amid low interest rate

Investors resort to pre-sale commercial properties, overseas bonds amid low interest rate-image  Super low interest rates have left investors bewildered about where to invest, and they are flocking to commercial properties put up for pre-sale and foreign bonds.The pre-sale event for 56 commercial properties at the ‘Deoksugung Lotte Castle’ held in Seoul Tuesday attracted 1,793 investors, making the subscription rate one to 32. The rate stood at as high as one to 229 for popular stores.The investment fever is heating up in the commercial real es.....10.29.2014

5 tips for S. Korean start-ups’ success

Public servants to start receiving pension at age 65

Property stimulus ends up only raising ..

Smartphone faceoff: Samsung Galaxy Note..

Ground broken for S. Korea’s biggest R..                                                                                                   

The Korea Post notices:

The Korea Post opens Korean-language Business-Economic Internet editionI am pleased to inform Your Excellency that The Korea Post is renovating its Korean-language Internet on a massive scale to contribute to the promotion of trade and economic cooperation between your esteemed country and Korea.
The new Korean-language Internet edition will primarily accommodate the publicity needs of the Commercial-Economic Section of your esteemed Embassy for the Korean audience as well as the business community.
In connection with this effort, we would like to secure the following information for prompt communication between the Korean-language Internet of The Korea Post and your Commercial-Economic Section:

Name of Commercial-Economic Officer(s)
Email address
Telephone, fax and mobile phone numbers
Mailing address for regular mail such as complimentary copies of The Korea Post
Any other information considered by the Embassy to be useful between the Embassy and The Korea Post.

The contract information of The Korea Post is:
Tel 2298-1740/2, Fax 2298-9506
010-3386-1682 Ms. Kim Jung-Mi for Korean callers
010-5201-1740 Chairman Lee Kyung-sik (for English)
Email address: edt@koreapost.com                                                                                                                 

The Korea Post notices:

Attention, Trade Representatatives, Commercial Ministers, Counsellors, Officers!

Thank you for your warm interest in the separate English- and Korean-language Internet editions of The Korea Post. The Korean-language Internet edition is presently undergoing a massive renovation for the adequate accommodation of the increasing publicity needs of the trade/economic sections of the foreign embassies in Seoul.
Both the English Korean Internet editions are allocating substantially large space to accommodate the publicity needs of the trade, investment and other economic affairs of the different countries for the promotion of cooperation in the trade, investment and other economic areas.
For this purpose please email us (edt@koreapost.com or korpost@chol.com) your press releases on the following or other subjects:

1. Scheduled visit of your trade, investment or other economic delegation to Korea and full details about the delegation, including members and purpose of visit.
2. Scheduled visit of other delegations from your country
3. Scheduled Trade or Industrial Fairs of exhibitions in your country, to which Korean participants are welcome.
4. Do you also have any major art or other cultural exhibitions in your country where you wish to invite Korean participants?
5. Do you have bilateral economic commission meetings in Korea coming soon? Any plan to encourage Korean participation in such meetings?
6. If you have whatever other events or meetings coming soon where Korea’s participation is desired, please elaborate on them and email them to the above addresses.

The contact information of The Korea Post is:
Tel 2298-1740/2, Fax 2298-9506
010-3386-1682 Ms. Kim Jung-Mi for Korean callers
010-5201-1740 Chairman Lee Kyung-sik (for English)
Email address: edt@koreapost.com

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