Oct. 01, 2014
The Korean daily media headlines and humorWednesday, Oct. 01, 2014
Here are The Korea Post news, 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-sikPublisher-ChairmanKorea Post Media-------------------------------------------
The Korea Post notices:
There is only one day left to the 14th Sancheong Medicinal Herb Festival on Friday 3 October 2014. Partly cloudy skies are forecast for the Sancheon County area on that day with a high of 26 degrees centigrade and a low of 16.The meeting time is 0850 hours, Friday 3 October 2014 at VIP Room on the 3rd Floor of the Seoul KTX Station.For the Excellencies and other senior diplomats, for whom the reservation has not yet been made the contact phones are 010-5201-1740 (English and Korean), 010-3388-1682 (Korean callers) and 010-3481-1101 (English callers).A copy of Invitation for the Excellencies and Senior Diplomats are at the end of this Headlines.-------------------------------------------
Ambassadors (or deputies) invited to 14th Sancheong Medicinal Herb Festival on Oct. 3, 2014
How to live long and in good health: Find your answer in Oriental medicine
Everyone wishes to live long and in good health. One way to attain the wish is to look for ways to realize it. The Western medicine directly attacks the diseases, say Oriental medical doctors, while, in contrast, the Oriental medicine tones up the body of man and strengthens his/her Gi (energy) and immune system against diseases. The Oriental medicine mostly comes from medicinal herbs normally found in remote mountains?although some are cultivated. In particular, rare and extremely expensive medicinal herbs such as Sansam (wild ginseng) are found in untrodden places of intractable mountain terrains and one root of it sells for tens of several millions of Won (around US$50,000) and, in some cases, Sansam is ‘priceless.’ Wild ginseng cannot be cultivated. If it were, it would not bear the same medicinal efficacy. Hence the exorbitant price.
▲Leaders of the Sangcheong County and important guests ignite a Large Herb Medicine Concoction Bowls.
The Sancheong County of Gyeongsangnam-do Province is located at the foot of the famous Jiri Mountains of Korea now preserved as National Park, which are noted for the discovery of these rare medicinal plants that grow in deep valleys and on steep slopes that do not allow human access. There are a total of over one thousand different kinds of health-promoting medical plants discovered living in the Jiri Mountains of the Sancheong County.The governments of the Sangcheong County and Gyeongsangnam-do Province started co-hosting the Sancheong Medicinal Herb Expo 14 years ago with the support of the Ministry of Agriculture, Food & Rural Affairs and various other organizations of the Central Government to introduce a wide variety of health-promoting medicinal herbs. And it is the 14th year this year which the local governments have been co-hosting the rare event. In particular, this year Mayor Heo Gi-do of the Sangcheong County and Governor Hong Jun-pyo of the Gyeongsangnam-do Province are inviting the ambassadors and other senior members of the Diplomatic Corps with their spouses to attend the Opening Ceremony of the Festival with a view to introducing the value of the rare medicinal herbs to them and their countries. And The Korea Post is organizing the Tour for the Ambassadors and senior diplomats. (Formal invitation has already been faxed to the ambassadors and a copy is attached at the end of this Headlines. In case of our transmission failure, the meeting place is the VIP Lounge on the 3rd Floor of the KTX Seoul Station and the meeting time is 0840 hours Friday 3 October 2014. Please call Chairman Lee at 010-5201-1740 for reservation or 010-3388-1682 in case of Korean callers. Regular phones are 2298-1740/2.)
▲Re-enactment of the King’s receipt of Dongeui Bogam (Joseon Dynasty’s famed Oriental Medicine Book compiled by famed Korean doctor, Heo Jun.
The hosts have a special program offering a checkup on the Gi (Energy) of distinguished guests (eg, ambassadors and spouses) and diagnosing of health-enhancing tonic. For the ladies (family members of the ambassadors and other senior diplomats), the hosts have an Oriental medical massaging program good for the skin as well as for maintaining the optimum level of body weight. They also have an Oriental health callisthenic and dance program.Another special program for the ambassadors and families is a visit to the Hyeminseo (erstwhile traditional Korean Medical Clinic) of the Joseon Dynasty operated by the noted Oriental Medicine Doctor Heo Jun (1939-1615, author of Dongeui Bogang [Principles and Practice of Eastern Medicine, or literally ‘Oriental Medicine Treasure Book’]). Hyeminseo (惠民署) means ‘Benevolence Extending Office’ which is a Joseon Dynasty state-operated medicinal clinic first established in the 14th Year of King Sejo (1466) of the Joseon Dynasty (1392-1909).
▲Sancheong Arirang (famous Korean folksong) is presented by the Choir of the Sancheong Elementary School at the opening of the Festival.
Everyone keeps some potted plants or an indoor landscaped garden in their living room, and uses chemical fertilizers. The Sancheong County Government has special plant nutrient that is many times more effective than regular fertilizers in the preservation and promotion of health of the potted plants.For further details and photos concerning the Festival, please visit: /news/view.html?smode=&skey=Herb medicine&x=11&y=11§ion=163&category=189&no=622.-------------------------------------------
The Korea Post notices:
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 country3. 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 2298-9506010-3386-1682 Ms. Kim Jung-Mi for Korean callers010-5201-1740 Chairman Lee Kyung-sik (for English)Email address: edt@koreapost.com----------------------------------------
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 addressTelephone, fax and mobile phone numbersMailing address for regular mail such as complimentary copies of The Korea PostAny 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 2298-9506010-3386-1682 Ms. Kim Jung-Mi for Korean callers010-5201-1740 Chairman Lee Kyung-sik (for English)Email address: edt@koreapost.com----------------------------------------
Here is today’s ration of humor from Korean-language business dailies of this morning:
Seoul Kyungje
A wife and a husband sit in the room and enjoy a bottle of wine.Suddenly the wife says, "I love you."Husband asks in surprise, "Is that you or wine talking?""This is me, I'm talking to wine."
Hankuk Kyungje
Very Pregnant WomanOne Friday afternoon, the officer enforcing the high occupancy vehicle lanes of a county highway pulled over a car with only a driver in it. After nine years as a police officer, he thought he had heard every excuse motorists have for violating the requirements that cars in the designated lanes hold at least three occupants. As he approached, he saw a very pregnant woman behind the wheel. She pointed to her midsection bulge and declared, “Twins!” He let her go.-----------------------------------------------
KBS (http://world.kbs.co.kr/english/news/)
Ruling, Opposition Parties Agree on Special Sewol law The ruling and opposition parties came to an agreement over the special Sewol law Tuesday evening, ending months of dispute that had paralyzed parliament....
U.S. Nuclear Envoy Expresses Hope for Dialogue with N. KoreaGlyn Davies, the top U.S. nuclear envoy, has expressed hope that the North will soon be ready to hold dialogue, not only with the United States, but all six party members.
S. Korea Adds Gold Medals in Bowling, Soft Tennis, Sailing, WrestlingOn the 12th day of the Incheon Asian Games on Tuesday, South Korea's first triple gold medalist and youngest gold medalist of the games were crowned.
S. Korea Notifies WTO of Plan to Open Rice Market with 513% Tariff
KOSPI Falls for 4th Session
Debt from Gov't Bonds to Surpass 500Tln Won In 2015
State Dept. Refuses to Comment on Rumors Surrounding N. Korean Leader
WB: N. Korea's Political Instability Worsened Last Year
US Nuke Envoy: N. Korea Directly Rejecting Obligations to Denuclearize----------------------------------------
Yonhap (http://english.yonhapnews.co.kr)
Rival parties make compromise on controversial ferry bill Ending months of bitter political confrontation, South Korea's rival parties on Tuesday reached a compromise on a controversial bill aimed at parsing the truth behind April's deadly ferry sinking.
U.S. considering sending THAAD battery to S. Korea: deputy defense secretary The United States is considering deploying a THAAD missile defense battery to South Korea to better cope with threats from North Korea, a top American defense official confirmed Tuesday. 2014/10/01 05:32
N. Korean FM arrives in Moscow North Korean Foreign Minister Ri Su-yong arrived in Moscow on Tuesday for an 11-day trip that includes talks with his Russian counterpart and visits to Siberia and other provincial regions. 2014/10/01 05:03
Fire breaks out at major tire plant A fire of unknown origin engulfed a major tire-making plant in this provincial city on Tuesday, forcing residents living nearby to evacuate, firefighters said. 2014/09/30 22:50
Top U.S. envoy urges N. Korea to release detained AmericansTop U.S. envoy urges N. Korea to release detained AmericansSEOUL, Sept. 30 (Yonhap) -- A U.S. envoy called on
North Korea Tuesday to release three detained American citizens, saying that the issue poses a "serious impediment" to better ties with Washington.2014/09/30 21:21Related Stories---------------------------------------------
The Korea Herald (http://www.koreaherald.com)
Rival parties compromise on ferry billEnding months of bitter political confrontation, South Korea's rival parties on Tuesday reached a compromise on a contro...
Korea to dish up Asia’s first global food clusterSouth Korea is pushing ahead with building Asia’s first food cluster, Foodpolis, to tap into t...
Sex workers increase despite antiprostitution lawThis year marks the 10th anniversary of South Korea’s establishment of its antiprostitution la...
H.K.: Beijing won’t back downHONG KONG ― Pro-democracy protesters in Hong Kong set a Wednesday deadline for a response fro...
Korea takes aim at mobile subsidiesOn Oct. 1, South Korea will enforce a revised law governing the sales and subsidies of mobile devices suc...
Weaker yenData released by the central bank last week showed that the profitability of Korea’s listed...
FTA with ChinaKorea and China held their 13th round of free trade talks in Beijing last week, making littl... Unrivaled luxury at Qatar’s new airportDOHA ― An amalgam of odors from fresh materials lingered at Hamad International Airport, Qatar...----------------------------------
The Korea Times (http://www.koreatimes.co.kr)
Parties reach dramatic Sewol bill compromise The rival parties stuck a deal over the long-disputed Sewol ferry bill, Tuesday, ending the controversy over establishing an independent counsel to investigate the cause of the April 16 maritime disaster. The ruling Saenuri Part... Organizers fear dismal closing act INCHEON - Organizers of the Incheon Asian Games face a daunting challenge - bringing Asia’s biggest sporting event to a close in a way that makes people forget an opening ceremony that many believe was the worst ever. “We have n...'NK rebuilding needs Japan' South Korea’s souring relations with Japan could hinder its efforts to tackle North Korea’s nuclea...
BIFF to police actresses' 'overexposure' Organizers of the Busan International Film Festival (BIFF) have decided to act as fashion police t...
Guess the most searched words about Korea What keywords do people planning trips to Korea search for the most on the Internet?
Rugby amateurs seek elusive first win INCHEON - At first glance, the 19-0 final score of the South Korean female rugby team’s first grou...
China dominates medal table; S. Korea, Japan compete for 2nd Halfway through the Incheon Asian Games, China is running away from the pack atop the medal standi... -----------------------------------
Dong A (http://english.donga.com)
100,000 Hong Kong citizens take to the streets “They shot tear gas to our children. CY Leung, step down!” Wu Wei Qing, a 78-year old woman, encouraged the protests with her headband reading “Let’s Save Children (救救孩子)” on the road in... N. Korean synchronized swimming team performs North Korean synchronized swimmers float fellow players above water Monday at the Incheon Asian Games women`s team freestyle match held at the Munhak Park Tae-hwan Aquatics Center. Six players under water are supporting... Pope Francis meets Korean Cardinal Yeom in Vatican “Small meetings between South and North Korea are important for peace on the Korean peninsula.” Pope Francis who left a big impact on Korean society during his visit to Korea in Aug. met with Cardinal Andrew Yeom...
Romanians caught after buying luxury goods with fake credit cards "The Korean Wave has also taken a strong hold in Romania. That`s why I came to Korea." This was what five Romanian people said when they were arrested by police. Seoul Metropolitan Police Agency said Tuesday that it...
Hyundai Motor reaches tentative wage deal with labor union Hyundai Motor reached a tentative wage deal with its labor union Monday, agreeing to decide whether to recalculate base wages to include bonuses through talks. The agreement was reached during their 23rd talks held in... North Korea poised to join top 10 in Incheon Asian Games
Korea`s new football coach Uli Stielike names his first players ----------------------------------------------
Chosun Ilbo (http://english.chosun.com)
N.Korea Launches Farming ReformsThe North Korean regime has recently decided to hand over about 3,300 sq.m of land to each farmer and change the crop-sharing ratio between the state and individual farmers from 7:3 to 6:4 in a bid to increase food production. >> Full Text
Korea's 'Resource Diplomacy' Largely FloppedThe government invested W430 billion over the past 10 years on presidential trips abroad to forge energy-related pacts with other countries, but the agreements have produced scant results. Only 18 of the 79 MOUs resulted in the acquisition of natural resources abroad. >> Full Text
Korea Racks Up 30 Months of Trade SurplusKorea achieved a current account surplus for the 30th straight month in August. The Bank of Korea on Monday said the August current account surplus totaled US$7.27 billion. This comes closer to the record for consecutive current account surpluses of 38 months starting in June 1986. >> Full Text
Kim Jong-un 'Had Surgery on Fractured Ankles'
1 in 5 Households Headed by Elderly Person
16 Foreigners Banned from Korea for Asian Games
Pororo the Penguin to Promote Korea-ASEAN Summit-------------------------------------------
Hankyoreh (http://english.hani.co.kr)
Falling Won-to-Yen exchange rate could put S. Korean economy at riskCalls now coming for Bank of Korea to cut benchmark interest rate to reduce Won’s value The Bank of Korea is in a quandary over the Won-to-Yen exchange rate, which has plummeted over the past two months.A benchmark interest rate cut now looks to be its only real option to respond to the strong Won. Meanwhile, investment institutions overseas are predicting 100 yen could be trading at under 900 Won within the next year.
Breath, blood and urine: companies crack down on smokers A bill submitted to the National Assembly by the administration to raise cigarette prices in an effort to reduce smoking rates is raising questions about possible changes in corporations’ methods of controlling smoking among workers.
Proposal made for Asian human rights courtA proposal was made at the 3rd Congress of the World Conference on Constitutional Justice to set up an Asian human rights court to advance the cause of human rights in Asia. The region’s shared experience of severe infringements of human rights by imperialism and dictatorship was given as the grounds for establishing the court.
One out of three law school graduates can’t find a job One out of every three graduates of South Korean law schools is unable to get a job, and only four out of ten graduates are finding work in the legal profession, government statistics show.The figures were acquired from the Ministry of Education on Sept. 28 by Kim Jin-tae, Saenuri Party (NFP) lawmaker and a member of the National Assembly Legislation and Judiciary Committee.
More than 2 million in S. Korea living as subcontractor workersThe issue of indirect employment is drawing renewed attention in the wake of recent court rulings recognizing 1,647 in-house subcontractor employees at Hyundai and Kia Motors as indirectly employed by the automakers.-----------------------------------------------
Joong Ang (conservative): (http://koreajoongangdaily.joinsmsn.com/)
Sewol deal clears Assembly logjamAgreement on special law leads to passing of 91 bills in legislatureParalysis at the National Assembly came to an end last night after the ruling Saenuri Party and opposition New Politics Alliance for Democracy(NPAD) came to an agreement on a special law to investigate the sinking of the Sewol ? and returned to the legislature to pass laws.… .
Locals deftly rescue ferry passengersFive months after the tragic sinking of the Sewol that killed more than 300 people, another tourist ferry was stranded in waters off the coast of South Jeolla after striking undersea boulders yesterday.…
Samsung, more chaebol cut back on new hiringSamsung Electronics is cutting its recruiting of new hires for the year for the first time since 2008.The company said it will recruit between 2,500 and 3,000 new college graduates…
Regime quells rumors, admitting Kim is illNorth Korea admitted last week that its third-generation leader Kim Jong-un was suffering from an illness, in a rare and apparent attempt to stop speculation surrounding his condition..…
Bribery case probed over Navy shipThe prosecution’s investigation into suspected corruption linked to a costly yet botched Navy procurement project expanded yesterday as investigators found more evidence…
Pororo gets a diplomatic assignmentThe upcoming Korea-Asean special leaders’ summit in Busan has anointed an unlikely promotional ambassador in the form of a little blue animated penguin, Pororo…----------------------------------
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 ...
[Midday]KOPSI 1,931.82p( 12.30p) slightly up, KOSDAQ 545.52p( 3.73p) slightly upKOSPI & KOSDAQ Index KOSPI slightly up 0.64%(12.30p) to 1,931.82p at 13:01. KOSDAQ slightly up 0.... ----------------------------------------------
Maeil Kyungje (neutral-oriented conservative, economic/business): (http://news.mk.co.kr/english/)
‘Choinomics’ losing steam, industrial output in August drops sharply ‘Choinomics’ losing steam, industrial output in August drops sharply-image The ‘Choinomics’ which Finance Minister Choi Kyung-hwan has ambitiously pursued since his appointment in July, appears to be losing steam. Political deadlock has left many of the economic stimulus bills pending in the National Assembly, while the South Korean economy has been faced with external risks as well, such as the weakening of the Japanese yen. South Korea`s industrial production fell in August, according to data released by the National Sta.....09.30.2014
Gov’t sits idle on weakening yen
Samsung devises emergency strategies for wireless di..
$480mn “Kidult” market becomes blue o..
Retirement pension plans yield low retu..
Property lease contract guaranteed for ..
Invitation to 14th Sancheong Medicinal Herb Festival(For longevity, good health through strong immunity)
Man wishes to live long--and in good health. Western medicine directly attacks diseases. In contrast, Oriental medicine tones up the human body, mind, Gi (energy) and immunity against all kinds of diseases. It is important to cure diseases but is is far more important to keep the body strong enough to stay away from diseases.Against this backdrop, Mayor Heo Gi-do of the Sancheong County of Gyeongsangnam-do, cordially invites Your Excellency and Madam to the 14th Sancheong Medicinal Herb Festival on Friday 3 October 2014. It is a very rare event and I hope that Your Excellency and Madam can make it. If Your Excellency has another appoint, Madam could excellently represent your country and Your Excellency. Details follow:
Name of Festival: 14th Sancheong Medicinal Herb Festival Venue: Sancheong County, Gyeongsangnam-do, about two hours by KTXTime/Date: 0850-2040 hours, Friday 3 October 2014 Special note: Have rare experience in exercising Gi, visit Medicinal Herb Theme Park with Pilgrimage Route of Joseon Dynasty Doctor Heo Jun, experience foot bath and visit Guheong Royal Tomb. Schedule:
Schedule follows0850 hours, Friday 3 October 2014: Meet at VIP Room 3rd Fl. Seoul KTX Station0900-1140 hours: Move from Seoul to the Sancheong County of Gyeongsangnam-do.1200-1300 hours: Attend welcome ceremony and international buffet luncheon hosted by Mayor and Mrs. Heo.1330-1520 hours: Have rare experience in exercising Gi (Oriental energy), visit Medicinal Herb Theme Park with Pilgrimage Route of Joseon Dynasty Doctor Heo Jun, experience foot bath and visit Guheong Royal Tomb.1530-1730 hours: Tour various interesting sites of the Medicine Herb Festival, including Jeonggangdeul Medicinal Herb Farm, Dongeui Bogam (Eastern Medicine Book) Museum, Hyeminseo (Joseon Dynasty Hospital), Sancheong Oriental Medicine Clinic, and various other traditional Korean folk events related with Oriental medicine.1730-2040 hours: Move by Limousine bus from Sancheong back to Seoul (Grand Hyatt)A slight change could occur to the schedule depending on the traffic situation of the day.)
/s/
Very Respectfully YoursLee Kyung-sikPublisher-Chairman