Oct. 24, 2014

The Korean daily media headlines and humorFriday, Oct. 24, 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:

Seoul Kyungje

An old man walks into a bar, sits down, and starts crying.The bartender asks, "What's wrong?" The old man looks at the bartender through teary eyes and between sobs says, "I married a beautiful woman two days ago. She's a natural blonde, twenty-five, intelligent, a marvelous cook, a meticulous housekeeper." The bartender stares at the old man for a brief moment and says, "But that sounds great! You have what every man wants in a woman, so why are crying?"The old man says, "I can't remember where I live!"-----------------------------------------------

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

P'yang: More Inter-Korean Talks Depend on Seoul's Stance on Anti-North LeafletsNorth Korea is likely to decide on holding the second round of inter-Korean high-level talks after observing how Seoul deals with civic groups' anti-Pyongyang leaflet campaign at the border region.

S. Korea's Hanbit Unit Soldiers in S. Sudan Receive UN MedalsSouth Korea's Hanbit Unit soldiers who were deployed to the UN Mission in South Sudan (UNMISS) have been awarded UN medals.

Gov't: Kerry's Remarks Likely Aimed at Urging N. Korea to DenuclearizeThe government says it believes U.S. Secretary of State John Kerry mentioned a possible reduction of U.S. forces in Asia to urge North Korea to take substantial steps towards denuclearization.

S. Korea's Terms of Trade Bounce Back on Lower Oil Prices

Hyundai Motor's 3Q Operating Profit Falls to Four Year Low

KOSPI Ends Lower on Foreign Selling

N. Korea Steps Up Efforts to Prevent Spread of Ebola Virus

China's Zhao Houlin Elected As Next Head of ITU

Yun: Kerry’s Remarks a call for N. Korea to Denuclearize

Families of Missing Sewol Passengers Mull Salvaging Ship as Last Resort

Students Banned from Bringing Smart Devices to CSAT

Seoulites Call 119 Emergency Service Every 12.8 Seconds----------------------------------------

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

S. Korea, U.S. delay transfer of wartime troop control South Korea and the United States agreed Thursday to delay again a plan to give Seoul wartime control of its troops until it improves capabilities to counter nuclear and missile threats from North Korea.The allies did not specify a target year for the transfer of wartime operational control (OPCON), but officials from both sides anticipate that it could be around the mid-2020s.

S. Korean economy expands 0.9 pct in Q3The South Korean economy expanded 0.9 percent in the third quarter from three months earlier buoyed by a recovery in private consumption, central bank data showed Friday.2014/10/24 08:23

U.S. has no plan to cut American troop levels in S. Korea The United States has no plan to cut American troops levels in South Korea, Defense Secretary Chuck Hagel said Thursday, a day after Secretary of State John Kerry raised such a possibility if North Korea rejoins nuclear talks and follows through on its denuclearization commitment. 2014/10/24 06:21Related Stories

Full text of joint communique of S. Korea-U.S. Security Consultative Meeting The following is the full text of the Joint Communique issued after the 46th South Korea-U.S. Security Consultative Meeting held in Washington on Thursday. 2014/10/24 05:45

S. Korea, U.S. to hold 'two plus two' talks South Korea and the United States will hold a high-level security meeting Friday that will bring together their top diplomats and defense chiefs for talks on their alliance and cooperation on regional and global matters, the State Department said. 2014/10/24 04:25---------------------------------------------

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

Allies to delay wartime troop control transferSouth Korea and the U.S. agreed Thursday to a “conditions-based” transfer of wartime operational control in light of e...

Supreme council member’s exit bodes ill for Saenuri leaderRep. Kim Tae-ho on Thursday resigned from the ruling Saenuri Party’s supreme council, adding f...

LG breaks ground for science parkLG Group held a groundbreaking ceremony for the construction of Korea’s largest research and d...

Parliament raid shakes CanadaA gunman whose name was on a terror watch list killed a soldier and attempted to stor...

KB Financial chief came up the hard wayBy picking one of its former executive members as the new chairman, KB Financial Group made it clear that...

More than a gestureNorth Korea has released one of three American citizens it had in confinement. Although Pyon...

Our ill-armed militaryDefense acquisition is vulnerable to corruption around the world, largely due to collusive l...    Breast cancer expert espouses gender-specific approachEven for Dr. Moon Byung-in, one of the most respected breast cancer specialists in South Korea,...

Mraz says ‘Yes!’ to return to KoreaAfter performing in Korea for the first time at the 2006 Incheon Pentaport Rock festival, Ameri...----------------------------------

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

Allies agree to maintain status quo South Korea and the United States agreed Thursday to implement a conditions-based approach to Seoul’s takeover of wartime operational control (OPCON) of its troops from Washington. The agreement was finalized at a security consu... Defense accord triggers criticism  Talks with NK may soon resume Hints are multiplying that talks with North Korea will resume soon. The first, inter-Korean high-level talks may be a precursor to more talks to come. On Thursday, the Ministry of Unification urged Pyongyang to “respect the agre... Saenuri Supreme Council member stands down Rep. Kim Tae-ho, who was a member of the ruling Saenuri Party’s Supreme Council, quit his post Thursday. Kim’s sudden move was an apparent show of support for President Park Geun-hye who is at odds with Saenuri Party Chairman Ki...SK opens W1 trillion chemical factory Korean  SK Global Chemical and Japan’s JX Energy have jointly built a large-scale para-xylene (PX) and ben...

Amnesty seeking UN help on abuses of migrant workers  Amnesty International will highlight the dire human rights conditions endured by migrant workers in South Korea to a number of organizations concerned with mo... 

New KB chief has to juggle many priorities Korean  The real test for Yoon Jong-kyoo as leader of KB Financial Group will be whether he is capable of ...

Hyosung president may face probe Korean  The second born son of Hyosung Group Chairman Cho Suck-rai has asked the prosecution to investigate two suspected cases of embezzlement and breach of trust in...

Yun plays down Kerry's remark on US military presence Korean  Foreign Minister Yun Byung-se has played down U.S. Secretary of State John Kerry’s remarks about the possible downsizing of the U.S military in South Korea. 

Shin Ramyeon most popular Korean product in China  Nongshim’s instant noodles “Shin Ramyeon,” SBS TV’s drama “My Love from the Star” and cosmetics fi... 

North Korea joins anti-Ebola fight Korean  North Korea has stepped up efforts to fight the spread of the Ebola virus, its state media reporte...-------------------------------------

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

N. K. delegates, refugees argue over concentration camps "There is no such thing as a concentration camp for political prisoners. It is a lie." (North Korean delegates) "The fact that I spent 28 years there is the clear evidence." (North Korean refugee) North Korean...  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 (right) at a special forum at the U.N. headquarters in New York on... Court rejects appeal from former president`s family Former President Chun Du-hwan’s son, Jae-yong, who was indicted for allegations of tax evasion was sentenced to parole in his appeal along with Lee Chang-seok, the former president`s brother-in-law. The Seoul High... US World Series 2014: Royals beat Giants 7-2 in Game 2 

`Piketty theory is unsuitable for Korea` says ex-presidential aide 

Saenuri Party pushes `no work, no Pay` for legislators 

Samsung Heavy Industries develops cleaning robot for vessels 

Lewinsky`s reappearing in public could pose problem for Hillary in 2016  ----------------------------------------------

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

More Assets of Dead Ferry Owner's FoundAn additional W94 billion worth of assets hidden by dead ferry owner Yoo Byung-eon have been discovered, the Korea Deposit Insurance Corporation said Wednesday. The KDIC wrote off W14 billion worth of Yoo's debts in 2010. >> Full Text

Nearly 20 Million Cars on Korean StreetsThe number of registered vehicles in Korea is expected to surpass 20 million by the end of this month or one out of every three people owning a car. The Ministry of Land, Infrastructure and Transport said Wednesday that a total of 19.95 million cars were registered as of the end of September, up 2.8 percent compared to late 2013.  >> Full Text

Gold Sales Boom OnlineGold continues to sell like hot cakes online. Online mall GMarket on Wednesday sales of pure gold items like rings or bars rose 105 percent from a year ago. The sales of gold bars alone, which people buy mainly for investment, shot up 158 percent.  >> Full Text

Symbolic Christmas Tree at Border Pulled Down

Kim Jong-un Back on the Road

What Labels Do Koreans, Japanese and Chinese Prefer?

1 in 115 Big Business Staff Rises to Management-------------------------------------------

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

After one detainee’s release, what’s next for US-North Korea relations?North Korea still has two other American detainees, and Washington maintaining hard-line stance on nuclear issueNorth Korea abruptly released one of the three Americans that it has been detaining. At the same time, it announced that it would also consider allowing inspectors into the country to address human rights issues raised by the US and other members of the international community.

More South Koreans than ever choosing cremation over burial“Man came from dust and returns to dust.” So goes the old saying - but the rising rate of cremations in South Korea suggests it’s becoming a literal fact, too. A recent study shows eight out of every ten funerals is now carried out by cremation. It’s the result of a combination of factors, including changing family structures, more favorable perceptions among South Koreans, and a lack of space for burials.

For first time, parent accused of sexual abuse has parental rights suspendedA court ruled to temporarily suspend parental rights for a father accused of molesting his daughter.It was the first case of the Act on Special Cases concerning the Punishment, etc., of Child Abuse Crimes being invoked to suspend parental rights since its enactment on Sept. 29.

Experts say addressing inequality must come first “Resolving inequality must be the object of every policy. If we decrease inequality, we can reduce poverty, but the converse is not true. We need to consider which of these should come first.”This was a major point emphasized by Tarja Halonen, former president of Finland, at the 2014 Asia Future Forum, organized by the Hankyoreh. The forum began at the Millennium Seoul Hilton Hotel on Oct. 22, the first of two days.-----------------------------------------------

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

Seoul’s wartime control of forces delayed againSouth Korea and U.S. agree on new plan but precise date isn’t setSouth Korea and the United States have agreed to delay the transfer of U.S. control over Korean troops in wartime from 2015 until Seoul is better able to deter Pyongyang on its own, Seoul officials said yesterday.The new date of the handover of wartime operational control of South Korean troops will be decided later after evaluating Seoul’s capabilities, …  .

Park displays pro-business side for economy’s sakePresident Park Geun-hye yesterday showed up at a groundbreaking ceremony for a research complex being built by the nation’s fourth-largest conglomerate…

Minister dilutes Kerry’s remarksSouth Korea’s foreign minister yesterday attempted to dilute remarks by U.S. State Secretary John Kerry just a day before about a possible cut in American troops…

Saenuri’s Kim Tae-ho abruptly quitsSaenuri Representative Kim Tae-ho abruptly resigned from his supreme council post yesterday, sparking questions over what prompted the decision.…

China asked to support human rights case against PyongyangThe chief UN investigator into human rights cases in North Korea said on Wednesday that he has appealed to China to support calls to refer…------------------------------

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/)

Ground broken for S. Korea’s biggest R&D park LG Group Chairman Koo Bon-moo’s resolve to keep high value-added R&D facilities within the country despite relocating assembly plants to low-cost countries like China or Vietnam has been brought to fruition. LG Group Thursday broke ground for “LG Science Park” in Magok, southwestern tip of Seoul, which is expected to be the country’s biggest convergence R&D center when it is completed in 2020. “LG Science Park will become the country’s biggest c.....10.23.2014

Chinese economists: Korean firms should seek innovat..

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                                                                                                                 

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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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