Oct. 15, 2014

The Korean daily media headlines and humorWednesday, Oct. 15, 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-sikPublisher-ChairmanKorea Post Media-------------------------------------------

Here is today’s ration of humor from Korean-language business dailies of this morning:

Seoul Kyungje

There was this bonehead in a row boat in the middle of the desert rowing this boat. In the middle of this desert there was a road. A man was driving down the road and saw the bonehead, he stopped his car got out and yelled, "You're the shame to all of our species!! If I could swim, I'd go out there and kick your ass!!!"

Hankuk Kyungje

Ripped RubberA boy went to his mother one day with a puzzled look on his face. “Say Mom, why is my bigger brother named Mighty Storm?”“Because he was conceived during a mighty storm,” she said. Then he asked, “Why is my sister named Cornfield?” “Well, your father and I were in a cornfield when we made her,” she replied. The mother paused and then said to her son, “Tell me, Ripped Rubber, why you are so curious.”-----------------------------------------------

KBS (http://world.kbs.co.kr/english/news/)

Two Korea's Holding General-level Military Talks at Truce villageThe two Koreas' military generals sat down for talks at the truce village of Panmunjeom at 10 a.m. Wednesday.

BOK Lowers Key Interest Rate to Record Low 2%The Bank of Korea (BOK) has lowered the key interest rate by zero-point-25 percentage points to two percent, the lowest level ever.

Park Arrives in Italy to Attend ASEM SummitPresident Park Geun-hye arrived in Milan, Italy on Tuesday to attend the Asia-Europe Meeting (ASEM) scheduled to be held later this week.

BOK Lowers Key Interest Rate to Record Low 2%

Growth in No. of Employed Sees Lowest Level in 3 Months

S. Korea, Abu Dhabi Discuss Cooperation on ICT, Health

US Says No Reason to Doubt Authenticity of N. Korean Leader's Photos

Incheon, TCS to Hold Forum on Disaster in November

S. Korea’s Retirement Pension System Far Weaker than Int'l Average

Photo Exhibition of Pope Francis Opens at

Over 400 Korean Relics Exported by Colonial

Museum Unveils Gilt Bronze Buddha Statue----------------------------------------

Yonhap (http://english.yonhapnews.co.kr)

Koreas hold high-level military talks at truce village South and North Korea held their first high-level military talks in seven years on Wednesday, sources said, amid heightened tensions following a series of shootouts along the inter-Korean land and sea borders.

BOK cuts base rate to 2 pct in Oct.South Korea's central bank lowered the base rate Wednesday to 2 percent this month to give a much-needed boost to the government's stimulus initiative that has proved to be lacking so far.

S. Korea, Australia hold talks for defense cooperation Defense chiefs of South Korea and Australia held a meeting Wednesday to explore ways to deepen bilateral military cooperation, Seoul's defense ministry said. 2014/10/15 11:00

Environment ministers discuss ways to conserve biodiversity Environment ministers discuss ways to conserve biodiversity PYEONGCHANG, South Korea, Oct. 15 (Yonhap) -- A global meeting of environment ministers and heads of related international organizations began in the eastern city of Pyeongchang on Wednesday to discuss ways to conserve biodiversity for sustainable development.

Facebook head visits Samsung's Suwon office Facebook CEO Mark Zuckerberg visited Samsung Electronics Co.'s key factory complex in Suwon, south of Seoul, industry sources said Wednesday, a day after meeting with company officials. 2014/10/15 09:07---------------------------------------------

The Korea Herald (http://www.koreaherald.com)

N.K. leader ends 40-day public absenceNorth Korean leader Kim Jong-un has made an on-site visit in his first public appearance in about 40 days, Pyongyang sta...

Bank of Korea cuts key rate to 4-year low to bolster demandBOK Governor Lee Ju-yeol (Yonhap)The Bank of Korea cut its benchmark interest rate to the lowes...

Two Koreas to hold general-level talks: reportThe two Koreas are to hold a general-level meeting at the inter-Korean border village of Panmun...

Kakao’s defiant stance stirs up controversyKakaoTalk, South Korea’s most-used messenger app, has once again become the center of national...

Tirole honored for firms' market power studyFrench economist Jean Tirole is a master of game theory and industrial organization, who on Mond...

Samcheok plantLast week’s referendum in Samcheok, Gangwon Province, on a government plan to construct a n...

Right recognitionTwo years after becoming president in 1998, Kim Dae-jung, himself a pro-democracy activist w...    Merck chairman offers secret to successJohannes Baillou, chairman of the board of partners at E. Merck KG, the holding company of Merc...

International food firms flock to FoodpolisA growing number of food companies at home and abroad are displaying a growing interest in Sout...----------------------------------

The Korea Times (http://www.koreatimes.co.kr)

Koreas hold high-level military talks at truce village South and North Korea held their first high-level military talks in seven years on Wednesday, sources said, amid heightened tensions following a series of shootouts along the inter-Korean land and sea borders.  Kim Jong-un resurfaces after absence  NK's endless rumor mill  Indictment of Japanese reporter: Fair or foul? In a special podcast, host Steve Miller and Korea Times columnist Andrew Salmon discuss the indictment of a Japanese journalist accused of defaming President Park Geun-hye.  Did Kakao chief fool us all? Did Daum Kakao co-CEO Lee Sirgoo fool us all? At least one legal expert says that is not out of the question, noting that Lee and his firm cannot be punished, even if he follows through on a pledge to ignore the prosecution's re...Park arrives in Italy for ASEM summit Korean  South Korean President Park Geun-hye arrived in Italy on Tuesday for a biennial summit of dozens o...

Laid-off Ssangyong workers left in legal limbo Korean  The latest ruling on 153 workers laid off by Ssangyong Motor in 2009 has left them in a legal limbo of sorts. 

Ebola checks tightened at airports  As the Ebola virus has spread from West Africa to other parts of the world, Korean health and quar... 

Asiad brings Incheon to brink of bankruptcy Korean  Now that the extravagant spectacle of the Asian Games is over, the host city, Incheon, is facing i... 

Korea suffers 3-1 loss to Costa Rica  Korea's national football team suffered a 3-1 loss against Costa Rica, Tuesday, failing to respond... 

Dongsuh under fire for reusing contaminated cereal Korean  The government has banned the sale of Dongsuh Food’s popular cereal, Post Almond Flakes, and three...-------------------------------------

Dong A (http://english.donga.com)

N. Korean leader reappears with a cane in 40 days North Korean leader Kim Jong Un has reappeared in public in state-run news media in 40 days. He had been at the center of rumors including a health issue. His media reappearance seems to underscore his presence. North...  Saenuri leaders meet senior Chinese official Kim Moo-sung (center), chairman of the ruling Saenuri Party, and Kim Moon-soo (right), the party`s reform committee chief, shake hands with Wang Jiarui, head of the International Department of the Communist Party of... `White Shroud` guerillas hunt down Islamic State The members of the Islamic State, a Sunni militant group which drove the world into panic, are sometimes in fear when they meet local guerrilla groups targeting them. Reuters said on Monday that the Syrian Observatory...

Vatican signals new stance toward homosexuals The Vatican has signaled for the first time that it could selectively accept homosexuality, cohabitation, and divorce, which it has long taken as sin. It released a preliminary report on Monday during the Vatican synod... Samsung SDI unveils `rollable batteries` 

S. Korea`s largest shopping mall opens without major issues 

Saenuri chief asks Beijing to deter N. Korea`s nuclear ambition 

Korea-born Kiwi golfer Lydia Ko among Time`s top 25 teens 

Golf champion Park In-bee ties the knot on Monday 

Philippine runners sweep half marathons in Seoul Race----------------------------------------------

Chosun Ilbo (http://english.chosun.com)

Implications of Kim Jong-un's ReappearanceNorth Korean leader Kim Jong-un apparently resurfaced after a 40-day absence because he needed to show both his people and the outside world that he still maintains a firm grip on power. >> Full Text

iPhone 6 to Go on Sale in Korea on Oct. 31The iPhone 6 and iPhone 6 Plus will hit store shelves in Korea on Oct. 31, Apple said Monday. Mobile operators SK Telecom and KT will start taking pre-orders on Oct. 24, but until then the price and other terms remain under wraps.  >> Full Text

20 Korean Foods Added to World Endangered Food ListSlow Food International has added 20 traditional Korean foods to its catalogue called the Ark of Taste, it said on Tuesday. The list now contains a total of 28 traditional Korean dishes.  >> Full Text

U.S. in Massive Price Hike for Fighter Jet Upgrade

Facebook Chief in Korea for Talks with Samsung

Daum Kakao Tops Kosdaq on 1st Trading Day

Korea Expected to Post 1st Cosmetic Surplus This Year

More Ship Accidents Occur Since Ferry Disaster-------------------------------------------

Hankyoreh (http://english.hani.co.kr)

Hankyoreh requests release of documents about Pres. Park’s missing seven hours Blue House has still not provided a clear explanation on Park’s whereabouts on day of Sewol tragedy It was 10 am on this day - the day the Sewol ferry sank - that President Park Geun-hye received the first written report about the incident from Kim Jang-soo, national security chief at the Blue House. By that point, the ship was listing dangerously to port side and was on the verge of capsizing.

Some of Blue House’s Sewol explanation doesn’t add up One of the reasons that President Park Geun-hye and the Blue House have to make clear what briefings she received and what actions she ordered on Apr. 16, the day of the Sewol tragedy, is that some parts of the explanations that the Blue House provided after the tragedy don’t make sense.

Pres. Park makes first public mention of lifting May 24 measuresOn Oct. 13, President Park Geun-hye suggested finding a solution for the May 24 measures through inter-Korean dialogue. This was the first time that Park made a direct and public mention of the question of lifting the sanctions. The remarks appear to be aimed at breathing new life into prospects for inter-Korean dialogue

S. Korean navy vessel attempted to damage N. Korean patrol boatSouth Korean naval vessels attempted to damage a North Korean patrol boat in a targeted strike during an Oct. 7 exchange of fire that erupted at the Northern Limit Line (NLL) near Yeonpyeong Island, it emerged on Oct. 13.The revelation that the boat was aiming at the North Korean ship to deliver a direct strike means that the exchange was a more fraught situation than was previously claimed - one that could have escalated into a naval battle in the West (Yellow) Sea.-----------------------------------------------

Joong Ang (conservative): (http://koreajoongangdaily.joinsmsn.com/)

Gov’t accused of cyber snoopingOpposition lawmakers lambasted the government yesterday for what they claim are efforts to “undermine freedom of expression” by monitoring chats in mobile messenger programs, mainly KakaoTalk.More than 400,000 users abandoned KakaoTalk in a week following reports of state cyber surveillance…  .

Park hints at end of sanctionsPresident Park Geun-hye said yesterday the so-called May 24 sanctions on North Korea should be resolved through a conversation between authorities of both countries,…

Global growth worries take steam out of KospiThe panic over the U.S. Federal Reserve raising interest rates subsided last week and the appreciation of the U.S. dollar had decelerated a bit,…

Saenuri leader departs for Beijing on official visitRuling Saenuri Party Chairman Kim Moo-sung left on a four-day trip to Beijing yesterday on the invitation of China’s Communist Party. …

Military explains cross-border fireThe military was grilled yesterday by lawmakers over its countering of North Korean cross-border fire after it was belatedly revealed that machine gun rounds had been fired…------------------------------

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 ... ----------------------------------------------

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

Sarkozy: The only way to stand up to China is One Asia Sarkozy: The only way to stand up to China is One Asia-image “The only way to stand up to China, an enormous ocean, is One Asia. South Korea should demonstrate leadership in leading the integration in Asia.”Nicolas Sarkozy, former President of France, said during the 15th World Knowledge Forum (WKF) held at Hotel Shilla in Seoul Tuesday Korea should step to the forefront of regional integration called ‘one Asia’ to alleviate regional conflicts in Asia.In response to a question asking for a solution to globa.....10.14.2014

Economists tell S. Korea to brace for China risk

S. Korea’s exports face trilemma

Parks vows full support for startups at..

S. Korea takes 1 step ahead in semicond..

Banks seek to step up real estate servi..

Samsung puts third quarter profit at $3..                                                               

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