Oct. 23, 2014
The Korean daily media headlines and humorThursday, Oct. 23, 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-------------------------------------------The Korea Post news:
Attention, Trade Representatatives, Commercial Ministers, Counsellors, Officers!
Why don’t you use the real-time Korean-language Internet (www.koreapost.co.kr) of The Korea Post as well as the English Intern edition (www.koreapost.com)--for your public relations needs as well as for information needs? Please scroll down to the bottom for details.-------------------------------------------
Here is today’s ration of humor from Korean-language business daily of this morning:
Hankuk Kyungje
Dental WorkThe grandfather had had extensive dental work done, but was nonetheless appalled by the amount of his bill. Discussing it with his dentist, the old man was told, “I’ve had years of expensive schooling, and when you require my services you must be prepared to pay for that schooling.” The old man mused this over for a moment and then asked, “All by myself?”-----------------------------------------------
KBS (http://world.kbs.co.kr/english/news/)
N. Korea Urges S. Korea to Take Steps to Prevent Military ClashesNorth Korea has urged South Korea to take steps to prevent military clashes.The call was made in a statement issued on Wednesday by the North’s delegation to inter-Korean high-level talks.
'Kim Jong-un Ordered Release of US Detainee on Obama's Request'The North's state-run Korean Central News Agency reported Wednesday that North Korean Leader Kim Jong-un released Jeffrey Edward Fowle taking into account the repeated requests by U.S. President Barack Obama.
Poet Ko Un Named Winner of Italy's NordSud AwardA local publisher says that South Korean poet Ko Un has been selected as this year’s winner of an Italian award for literature.
Korean Won Posts Largest Drop in 3 Years in Q3
BOK Chief Urges Stronger Financial Stability
KOSPI Ends Higher
Outgoing US Ambassador to S. Korea Leaves Message of Gratitude
'Sex Slavery is Present Concern, Peace Statue in Tokyo Could Help'
Former Head of UN COI on N. Korean Rights Receives Award
Poet Ko Un Named Winner of Italy's
'Roaring Currents' to Open in
Retrieved Cultural Assets to be Designated----------------------------------------
Yonhap (http://english.yonhapnews.co.kr)
Kerry: U.S. ready to reduce military presence in Asia if N. Korea gives up nuclear program U.S. Secretary of State John Kerry said Wednesday the United States is prepared to reduce its military presence in Asia if North Korea rejoins nuclear negotiations and follows through on its denuclearization commitment.
Kim released U.S. citizen at Obama's 'repeated requests': North Korea's release of a detained American citizen came as its leader, Kim Jong-un, accepted the "repeated requests" of U.S. President Barack Obama, the communist country's state media claimed Wednesday.2014/10/23 01:41
LG Twins hold off NC Dinos 4-2 to take KBO playoff strangleholdThe LG Twins held off the NC Dinos 4-2 for their second straight victory in the opening playoff series in the Korea Baseball Organization (KBO) on Wednesday, taking the stranglehold on their best-of-five affair.2014/10/22 22:44
Former KB Financial CFO named as banking group's new headFormer chief financial officer of KB Financial Yoon Jong-kyoo on Wednesday was named as the new chairman of the banking group, the company said.2014/10/22 20:38Related Stories
S. Korea open to joining China-led infra bank if conditions met: ministerSouth Korea's Finance Minister Choi Kyung-hwan said Wednesday that Seoul would be willing to join a push by Beijing to set up a new regional bank to fund infrastructure projects in Asia if certain conditions are met.2014/10/22 19:44Related Stories---------------------------------------------
The Korea Herald (http://www.koreaherald.com)
Young Koreans’ struggles behind low birthrateSouth Korea’s low birthrate is generating deep concern among policymakers. The government is scrambling to shore up the...
Herald Design Forum seeks to expand definition of designThis is the first in a weekly series that examine the expanding role of design as the run up to...
Seoul hails N.K.’s release of AmericanSouth Korea on Wednesday welcomed North Korea’s release of one of three American citizens deta...
KB Financial chooses 'insider' as new chairAfter weeks of leadership vacuum, KB Financial Group chose former chief financial officer Yoon ...
History repeats itselfAt a casual glance, the recent string of events on the Korean Peninsula is puzzling. However...
Crematoriums neededNearly 4 out of 5 people who died last year were cremated, reflecting a trend that has caugh... Graphene oxide new tool in fight against diseasesA leading South Korean biochemistry researcher believes graphene oxide ― oxidized sheets of ca...
Northeast Asian powers face off over 5G techSouth Korea, China and Japan are about to face a tight race to rapidly adopt and comme...----------------------------------
The Korea Times (http://www.koreatimes.co.kr)
President Park's appointments erode public trust President Park Geun-hye sometimes perplexes the public with her odd choices of people appointed to senior posts in government and other important positions. For instance, her selection of former Korean-American actor and comedia...
KB Financial picks ex-CFO as chairman KB Financial Group has chosen former chief financial officer (CFO) Yoon Jong-kyoo as its new chairman. Its chairman selection committee composed of nine outside directors voted to designate Yoon, 59, as chairman of the country’s... NK releases US citizen Jeffrey Fowle North Korea has released one of three American citizens detained in the communist nation, U.S. officials said Tuesday, a decision seen as a gesture of goodwill toward Washington amid stalled nuclear negotiations. Moon's case shows IOC biz as usual What more does the International Olympic Committee (IOC) need in order to make its position clear ...
Jogye retrieves 48 stolen Buddhist artifacts Korean The Jogye order, the largest Buddhist order in Korea, said Wednesday that it has retrieved 48 stol...
Winners of 10th English Economic Essay Contest The Korea Times is pleased to announce the winners of the 10th English Economic Essay Contest for ...
Chinese tourists go 'Gangnam Style' Traditionally, Chinese tourists have been regular visitors to northern Seoul with its historic remains and famous shopping districts. Nowadays, however, more ...
Divorce rate for elderly couples hits new high Korean An increasing number of elderly couples are choosing to split up, bringing their divorce rate higher than ever, according to data by the Supreme Court.
Mercedes tops survey Mercedes-Benz topped a customer satisfaction survey, according to Marketing Insight.
Seongnam, Edaily in truth game Korean The government of Seongnam City and Edaily, a business news outlet, are in a dispute over which was the official host of an outdoor pop concert in Pangyo, Seo...-------------------------------------
Dong A (http://english.donga.com)
Wild fire broke out near Kim Jong Il’s birthplace When a wild fire recently broke out near Milyong on Mount Baekdu, which North Korea claims to be the late North Korean leader Kim Jong Il’s birthplace, 60,000 residents in the area who were mobilized en masse reportedly... Satellite image of wild fire in N. Korea A satellite image of Ryanggang Province in North Korea taken on Oct. 15 shows smoke going up because of wild fire also occurred in other regions of the province. (Photo: the National Meteorological Satellite Center of... Ruling party leader differs with pres. office on pension reform timing The presidential office and ruling Saenuri Party Chairman Kim Moo-soon have shown clear discrepancy in their recognition about the speed of the civil servants pension reform. The presidential office is openly pressuring...
`6-party talks can resume if N.K. halts nuclear activities` Sydney Seiler, U.S. special envoy on the six-party talks with North Korea, said Tuesday that Washington could consider resuming the stalled six-party talks on the North`s nuclear program if Pyongyang postpones its...
LG Display reports robust 3Q earnings on iPhone demand LG Display released third quarter earnings on Wednesday that matched expectations, basking in the glory of posting its 10th straight quarterly operating profit. Revenues in the third quarter reached 6.55 trillion... Samsung Heavy Industries develops cleaning robot for vessels
Lewinsky`s reappearing in public could pose problem for Hillary in 2016
Official for Gyeonggi superintendent investigated under bribery suspicion
Korea to host LPGA’s inter-country event in 2018
Groundbreaking for ice rink to launch in Pyeongchang ----------------------------------------------
Chosun Ilbo (http://english.chosun.com)
Gov't Stop Activists from Sending Propaganda BalloonsThe government decided to prevent activists from flying propaganda leaflets across the border into North Korea. The government previously responded to increasingly vociferous complaints from the North by saying their campaign constitutes free speech. >> Full Text
Korea, U.S. Ministers to Decide on Troop Control TransferDefense Minister Han Min-koo leaves for Washington on Wednesday for the annual bilateral Security Consultative Meeting. The meeting is poised to make a final decision about the timing and terms for the postponement of the handover of full operational control of Korean troops to Seoul. >> Full Text
Apple Posts Stellar Earnings as Samsung FloundersApple is widening its lead over rival Samsung with third-quarter sales of US$42.1 billion and a net profit of $8.47 billion. It was the highest-ever third-quarter earnings for Apple. Sales rose 12.4 percent on-year and net profit 12.9 percent. >> Full Text
Chinese Couples Fly to Korea for Wedding Photos
N.Korea Wins $1.3 Billion Investment Pledges from China
Park, Xi to Meet Again at APEC Summit
Coffee Imports to Set New High-------------------------------------------
Hankyoreh (http://english.hani.co.kr)
Asia Future Forum opens in Seoul, discussing a people-centered economyFormer president of Finland and US ambassador among guests at forum the new economy’s grass-roots renaissance “Just as a forest cannot only be composed of big trees, it is dangerous for one or two large monopolistic corporations to dominate a country’s economy.”Tarja Halonen, former president of Finland, came to Seoul to deliver the keynote address at the 2014 Asia Future Forum. She was talking about the downfall of Nokia, Finland’s mobile phone manufacturer.
Suicide rate polarizing according to age and regionThe South Korean suicide rate, which consistently ranks as one of the world’s highest, also shows signs of serious polarization according to age group and region, statistics indicate.An Oct. 21 analysis of cause of death data for 2005 to 2013 from Statistics Korea showed the suicide rate among South Koreans aged 80 and older to be anywhere from five to seven times higher than the rate for those aged 20 and 29 at points during the nine-year period.
North Korea: Seoul has legal basis to stop leaflet balloon launches The South Korean government is not using the existing laws it has at its disposal to prevent private groups from launching balloons carrying propaganda leaflets to North Korea.This could be evidence that Seoul is sitting on its hands while residents near the border continue to fret over the deepening conflict over the leaflets, which has sparked at least one gun battle in recent weeks.
Dongdaemun Design Plaza stimulating growth in its environsDongdaemun Design Plaza (DDP), which has the reputation of being an eccentric structure, is stimulating growth in the Dongdaemun area, a recent analysis claims. The evidence is that the floating population in the surrounding area has increased by 20% since the DDP opened.-----------------------------------------------
Joong Ang (conservative): (http://koreajoongangdaily.joinsmsn.com/)
Confidants of Jong-un disappearingSeveral top North Korean officials have disappeared from the state media for weeks, fueling speculation that Kim Jong-un carried out an extensive purge during his recent seclusion. Ma Won-chun, a prominent architect and construction official, was conspicuously missing from Kim’s entourage… .
KB committee chooses insider to be chairmanYoon Jong-kyoo, former chief finance officer of KB Financial Group, was chosen as the final candidate for the group’s next chairman, its Chairman and CEO Nominating Committee…
Korea bails out of Beijing’s infrastructure bankChina will set up the Asian Infrastructure Investment Bank (AIIB) next year, despite disapproval from Washington, and the 21 founding countries are poised to sign…
Pyongyang suddenly frees American captiveNorth Korea’s reclusive government abruptly freed an American man on Tuesday, nearly six months after he was arrested on charges of leaving a Bible…
Rumor of Park’s chief aide quitting goes viralDespite repeated denials from the presidential office, rumors persist that President Park Geun-hye’s most trusted aide, Chief of Staff Kim Ki-choon, will vacate his post.…
Speculation increases over a presidential riftSigns of a rift between President Park Geun-hye and ruling Saenuri Party Chairman Kim Moo-sung, who was once her close aide, have surfaced in recent days, …
Gov’t, Saenuri agree on Coast Guard’s dissolutionThe government and the ruling Saenuri Party yesterday reaffirmed their position regarding their previous plan to disband the Korea Coast Guard, a decision that …------------------------------
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/)
Chinese economists: Korean firms should seek innovation to overcome ‘China Risk’ Chinese economists said innovation is the best means for South Korean businesses to get over the “China Risk.” In a round-table talk organized by Maeil Business Newspaper and the Korea Trade Investment Promotion Agency (KOTRA) Tuesday, Sun Xuegong, Deputy Director, Institute of Economic Research, National Development and Reform Commission, the control tower of Chinese economic policy, said “China’s Xiaomi succeeded not because it released smartpho.....10.22.2014
Gov’t mulls extension of tenant protection period t..
S. Korea sparks race to 5G
Pre-sale apartments change hands in rec..
10 key messages from 15th WKF
KOSPI sinks beneath 1,920
Gurus say global economy plagued by '3 ..
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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:
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The Korea Post news:
Newly 60% of people favor Constitutional change for a Cabinet system amidst opposition by Cheong Wa Dae
Reform-minded Chairman Kim Moo-sung of the ruling Saenuri Party said during his recent visit to China that he expected discussions would become active for a Constitutional change to effect a Cabinet system of government instead of the present Presidential system where the President is given very much power.The Cabinet system provides the President with power to take charge of the national defense and diplomacy but gives the power of domestic administration to the Prime Minister. This system was used in 1960 but was short-lived due to a military coup d’etat carried out by the late former President Park Chung-Hee.Chairman Kim’s statement was met with opposition from Cheong Wa Dae and Kim withdrew his view of the Constitutional change mindful of the attitude on the part of Cheong Wa Dae (the President).However, Kim’s proposal for a Constitutional change has a rather broad support from the main opposition New Politics Alliance for Democracy (NPAD) as well as from his own party of Saenuri.The Constitutional change also has the support of the majority of people in Korea, which is shown by opinion polls conducted by various media and research organizations.Here is one recent survey result published by popular Korean-language daily, Hankook Ilbo, on Oct. 20, 2014. It shows almost one half of the respondents support the Constitutional change.Specifically, the result showed 57.8% of the respondents saying yes to the Constitutional change (21.9% very much and 35.9% more or less yes) while only 29% said no (18.6% strongly no and 10.4% more or less no). People who make no response or said I don't know was 13.2%.------------------------------------
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