Oct. 29, 2014

The Korean daily media headlines and humorWednesday, Oct. 29, 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 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.-------------------------------------------

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)-------------------------------------------

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

Seoul Kyungje

Two policemen are considering the problem of catching the bandit. One of them starts to calculate the optimal mixed strategy for the chase.The other policeman protests. "While we're doodling, he is making his getaway.""Relax," says the game-theorist policeman. "He's got to figure it out too, don't he?"-----------------------------------------------

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

Park: Time to End Suffering from Division of Korean PeninsulaPresident Park Geun-hye has stated that it is time to fundamentally address the suffering stemming from the 70-year division of the Korean Peninsula.

Divers Find a Body in Sunken Sewol FerryA body presumed to be that of a missing Sewol Ferry passenger was found for the first time in 102 days.The joint search team of civilian, government and military divers launched an operation underwater at 5 p.m. Tuesday and discovered the body inside a fourth floor women's restroom inside the sunken ship.

95th National Sports Festival Opens in Jeju IslandThe 95th National Sports Festival opened on Jeju Island on Tuesday.About 32-thousand Korean athletes, including star swimmer Park Tae-hwan and badminton player Lee Yong-dae, will compete in 47 sports during the week long festival.

'Humanitarian Aid Unaffected by N. Korea’s Ebola-related Entry Ban'

N. Korean Media Call for S. Korea's Efforts to Improve Relations

Unification Ministry: Agreement on High-level Contact Must Be Kept

NHK: Japan, N. Korea Begin Talks in Pyongyang on Abduction Issue

Nuke Envoy Visits China for Talks on N. Korea

US Group Sends More Medical Aid to N. Korea Worth $1.4 Mn----------------------------------------

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

S. Korea presses N. Korea on dialogue offer South Korea sent a formal fax message to North Korea Tuesday pressing it to accept a dialogue offer by tomorro

w, the unification ministry said."The government urged North Korea to clarify its position on the second high-level contact by tomorrow," it said in a press release.

S. Korea ranks 5th in biz environment: World BankSouth Korea ranked fifth in terms of business environment this year thanks to improvements in regulations and the system for starting a business, granting construction permits and protecting minor investors, the finance ministry said Wednesday.2014/10/29 09:01

New U.S. ambassador's departure for S. Korea postponed due to flight problem New U.S. Ambassador to South Korea Mark Lippert is trying to reschedule his departure for Seoul, after an earlier plan to leave on Tuesday fell through due to problems with his flight, sources said. 2014/10/29 08:41

U.N. human rights rapporteur calls for referring N. Korea to ICC The U.N. special rapporteur on North Korea's human rights situation called Tuesday for referring the communist nation to the International Criminal Court (ICC) to show that the international community takes the issue seriously. 2014/10/29 06:08

N. Korea running new test stand for development of SLBM: U.S. think tank North Korea has built a new test stand on its eastern coast to research and develop ballistic missiles that can be launched from submarines, a U.S. think tank said Tuesday, citing commercial satellite imagery. 2014/10/29 04:52---------------------------------------------

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

North Korea widening purge: spy agencyPyongyang is engaged in a widening purge of government and military officials, including those linked to North Korean le...

Park calls for swift passage of public pension reform billPresident Park Geun-hye called on officials Monday to put utmost efforts to complete the passag...

Missing body found in SewolA body of a female was recovered from the wreckage of the ferry Sewol on Tuesday, raising the c...

The flag of our fathersAhn Chang-ho, also known as Dosan, was a leading independence fighter, social reformer and educ...

Legendary rock star Shin Hae-chul diesIconic ’90s rock musician Shin Hae-chul, 46, was pronounced dead at 8.19 p.m. Monday at the Asan Medical...

Reassessing balloonsBalloons containing anti-North Korean leaflets sent across the border have become a contenti...

Difficult decisionThe families of the 10 Sewol victims who remained missing as of Sunday took the courageous s...    Coex pushes for creative industry cluster projectCoex, once considered a venue for exhibitions and conventions, is pushing for a project to buil...

Collaboration helps safeguard innovation: legal expertLuca Rampini, a senior lawyer of the EU’s largest intellectual property agency believes the Ko...----------------------------------

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

Korea may sue BAE over jet upgrade deal The government may take legal action against BAE Systems for its failure to implement a KF-16 upgrade at an already agreed upon price. It will seek to force the company to pay any extra costs the upgrade will entail, a military ...

'Kim recovering from surgery' The nation’s spy agency said Tuesday that North Korean leader Kim Jong-un is recovering from surgery to remove a cyst on his right ankle. It said there is the possibility that the cyst is due to his obesity and frequent public a...

Junior Lee following in father's footsteps Samsung Vice Chairman Lee Jae-yong is following in his father’s footsteps. On Monday, he hosted a dinner for a group of global financial movers and shakers, including executives from leading Chinese life insurance firms, at a gu...

One missing body found in ferry Sewol   A salvage team diving on the ferry Sewol found the remains of one of 10 passengers listed as missing, Tuesday.

'Debt level hits critical point'   Korea’s debt held by corporations, households and the government has hit a “critical point,” data showed Tuesday. 

Cause of singer Shin's death in dispute   Controversy has erupted over the cause of death of rock singer Shin Hae-chul, who was declared dea... 

Citibank names new chief amid job-cut worries   Citibank Korea has named its longest-serving Senior Executive Vice President Park Jin-hei as its n... 

Police ask prosecution to indict Rep. Kim Hyun   Police asked the prosecution on Tuesday to indict Rep. Kim Hyun of the main opposition New Politic...

Safety concerns temporarily close Korea bridge   The Yi Sun-sin Bridge - the longest suspension bridge in Korea and the fourth-longest in the world - was shut down temporarily Sunday because of safety concer...

Police to adopt 3D mug shots   Police will use three-dimensional (3D) mug shots of criminal suspects instead of the current two-dimensional (2D) photos.-------------------------------------

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

President Park urges reform of public official pension system Regarding the reform of pension system for public officials, President Park Geun-hye said on Oct. 28, “All the government resources must be focused for the pension system reform as a part of the nation-wide innovation....  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;... Con artists defraud man by promising to ‘attract Imelda’s slush funds’ Lee, 45, a manager of facility management for a building in Seoul’s Gangnam district, was struggling amid financial difficulties because he had yet to receive five-month salary in arrears around May 2012. While...

Korea’s pension fund to sell HSBC’s global headquarters to QIA The Financial Times said on Monday that Qatar`s sovereign wealth fund has agreed to buy HSBC`s global headquarters (see photo) from Korea’s National Pension Service which bought the building five years ago. The Qatar...

UN human rights investigator calls for punishment of NK human right violation U.N. North Korea Human Rights investigator Marzuki Darusman (photo) urged on Oct. 28 (local time) that the U.N. Security Council should refer the country to the International Criminal Court over its dismal human rights...

Man who sold a painting at a bargain sues Sotheby’s A former British owner of a painting who sold it at a bargain sued an auction house after it was later claimed as a 11 million pound Caravaggio. According to the BBC, Lancelot Thwaytes, who inherited the work, sold... Kim Ki-tae named new manager of Kia Tigers 

Korea Football Association chief to run for FIFA executive committee membership 

Samsung SDI develops phone-charging handbags on the go 

Fan uproar prompts Kia Tigers` manager to resign  ----------------------------------------------

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

N.Korea 'Whitewashing Notorious Prison Camp'North Korea is secretly moving political prisoners out of its most notorious concentration camp in Yodok, in apparent preparation for a PR exercise showing that conditions are not as bad as reported, a source claimed. >> Full Text

Prosecutors Seek Death Penalty for Ferry CaptainProsecutors have called for the death penalty for Lee Joon-seok, the captain of the ferry which sank on April 16 killing more than 300 people, mostly high school students on a school trip. Prosecutors sought life in prison for the first and second mates and the chief engineer.  >> Full Text

China 'to Overtake Korea in Most Industries in 4 Years'Most of Korea's leading export products will be overtaken by Chinese rivals by 2018, according to a state-run institute. The institute's analysis shows Korea's main rival in major industrial sectors shifting from Japan, the U.S., Europe and Taiwan to China.  >> Full Text

Talk Hopes Fade as 2 Koreas Squabble Over Leaflets

Ferry Victims' Families Vote Against Raising Ship

Temperatures Plunge to Coldest This Fall

Xiaomi Rises to No. 3 in Global Smartphone Market-------------------------------------------

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

Seventh deadly accident at Hyundai Heavy Industries this yearCriticism being raised that Hyundai Heavy Industries is assigning dangerous jobs to subcontractor workersAnother person working at Hyundai Heavy Industries in Ulsan lost his life in an accident. This is the seventh fatality at the company this year, and all of the victims were employed by subcontractors. The news is prompting criticism that there is a serious problem with the company “outsourcing risk” and treating indirectly employed workers as expendable.

North Korea: Propaganda leaflet balloons could derail planned inter-Korean meetingOn Oct. 26 and 27 Propaganda South and North Korea exchanged tense words on the issue leaflet launches by South Korean groups.Perhaps most significantly, Pyongyang declined to answer Seoul’s proposal to hold a second round of senior-level talks on Oct. 30, while hinting repeatedly that the talks might be canceled outright.

Ban Ki-moon leading polls of who S. Koreans want as next president Recent polls show United Nations Secretary General Ban Ki-moon in the lead for the next presidential election, to be held in 2018. But Ban reportedly made remarks intended to distance himself from South Korean politics.

In new style of news production, readers “order” the articles they wantA new “news funding” service on the popular web portal Daum is drawing major press attention.The service marks the emergence of a new form of news production, where users “pre-order” the articles they want, as opposed to simply consuming the pieces produced by news outlets.

Prosecutors seek death penalty for Sewol captainProsecutors are seeking the death penalty against the captain of the Sewol ferry.Lee Jun-seok, 68, is currently under detention on charges of homicide by negligence for failing to perform his duties during the vessel’s April sinking, which claimed over 300 lives.-----------------------------------------------

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

Envoys gather in Beijing, SeoulNortheast Asia Forum brings together experts from around globeSouth Korea’s top nuclear envoy left for China yesterday for a meeting with his Chinese counterpart to discuss North Korea’s nuclear arms program and efforts to restart stalled talks on it. Hwang Joon-kook, special representative for Korean Peninsula Peace and Security Affairs, …  .

Shin Hae-chul’s death at 46 raises recriminationsThe death of popular musician Shin Hae-chul at the age of 46 was greeted with widespread sadness and disbelief - and controversy over what really killed him.…

Park presses pension reform by year’s endPresident Park Geun-hye urged government officials to “do their best to finalize reform of the pension system for civil servants by the year’s end,” officially setting…

Councilman gets life term for murderThe Seoul Southern District Court yesterday sentenced a member of the Seoul municipal council to life in prison for inciting the murder of a wealthy businessman…

Japan, North discuss abductee issuePYONGYANG - Japanese and North Korean officials held talks in Pyongyang for the first time in 10 years on Tuesday, meeting to assess progress into North Korea’s investigation…

Blue House defends president’s personal trainerHigh-profile fitness trainer Yun Jeon-chu made headlines in mid-August when it was belatedly announced by the presidential office that she had been hired as a high-ranking …------------------------------

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/)

5 tips for S. Korean start-ups’ success 5 tips for S. Korean start-ups’ success-image  Six start-ups from South Korea pitched their business before venture capital firms in the US during an event of the Global K-Startup, a comprehensive program that seeks to foster start-ups organized by the Ministry of Science, ICT and Future Planning and Google, held at Palo Alto, Silicon Valley, California in the morning of Monday (local time). While some start-ups drew interest, the US venture capital firms showed a half-hearted response.The number .....10.28.2014

Public servants to start receiving pension at age 65

Property stimulus ends up only raising ‘jeonse’ in..

Smartphone faceoff: Samsung Galaxy Note..

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

Chinese economists: Korean firms should..

Gov’t mulls extension of tenant protec..                                                                                                   

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 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                                                                                                                     

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 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

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