April 17, 2015
The Korean daily media headlines and humor
Friday, April 17, 2015
Your Excellency:
Here are The Korea Post notices, humor from a generous former Asian ambassador and a roundup of important headlines from all major Korean-language dailies, TV and other news media this morning:
Lee Kyung-sik
Publisher-Chairman
Korea Post Media
P.S.: 1. To see the desired site, press down the Control key and click the blue URL of the media.
2. If received by a person other than the intended recipient, please kindly convey the mail to His/Her Excellency.
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The Korea Post news:
At Ansan Culture Plaza on May 1-3, 2015
Ansan City hosts International Street Drama Festival
The Ansan City, some 26 miles southwest of Seoul, hosts the 2015 Ansan International Street Drama Festival (AISDF) at the Ansan Culture Plaza on May 1-3, 2015 in a three-day run on the theme of ‘City in Action!’ which is also a slogan for the event.
A total of 61 works will be presented during the Festival, namely 48 from Korea and 13 from nine foreign countries.
The AISDF poses a substantial contrast with conventional street drama festivals in the fact that it attempts to produce new works created through a harmonious merger between the intrinsic artistic value of the street dramas and regional features of Ansan.
Among the 12 official entries are six Korean works and the remaining six entries from a number of different countries, namely France, Australia, the Netherlands and Portugal.
The Korean works consist of (1) AnNyeong (literally, “Hi!”) created by Creative Group NoNI, (2) Falling As I Lean Against the Wall, (3) Living The Good Life by Ambiguous Dance Company, (4) Pyro Art Work by HWARANG Art Pyrotechnics (5) ‘Donkey Shadow Trial’ by Art-Factory Comma And and (6) Tempest by THEATRE HADDANGSE. Among the six Korean works, the opening work is AnNyeong.
Among the foreign works, the opening entry is one from France named Envolee created by Aerosculpture Group. Others include the Megaphone Project by the Megaphone Project from Australia, The Poet on the Street from the Netherlands and the Remaining People from Portugal.
Ambassadors and Madams are invited to attend the opening ceremony on May 1, 2015. For our possible transmission failures, please call Tel 2298-1740/2, 010-5201-1740 or send an email to edt@koreapost.com or korpost@chol.com.
For further details, please visit /news/view.html?section=161&category=181&no=898.
A scene from Envolee created by Aerosculpture Group of France.
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The Korea Post notice:
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Use The Korea Post Translator Pool where the translators are looked after personally by the Winner of the ‘Korean Literature Translation Award’ of Hankook Ilbo and The Korea Times.
Are you planning to publish an English and Korean pamphlet or brochure? Contact The Korea Post Publishing Team (Tel 2298-1740/2, 010-5201-1740 or edt@koreapost.com) for the most competitive price and the best quality of the work.
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Today’s humor:
Humor from a generous former Asian ambassador
A man’s dream
Three dreams of a man:
To be as handsome as his mother thinks.
To be as rich as his child believes.
To have as many women as his wife suspects.
Kid humor
Fred came rushing in to his Dad. "Dad!" he puffed, "is it true that an apple a day keeps the doctor away?"
"That's what they say," said his Dad.
"Well, give me an apple quick. I've just broken the doctor's window!"
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Top headlines of major news media of Korea this morning:
KBS (http://world.kbs.co.kr/english/news/)
U.S. Military Commander says THAAD Deployment in Discussions
A key U.S. military commander says discussions are taking place about deploying the Terminal High Altitude Area Defense (THAAD) battery on Korean soil.
Ban Ki-moon Bewildered by Sung Woan-jong's Claims
Prosecutors to Question Associates of Sung Woan-jong
Park Open to Independent Counsel Probe on Sung's List
Park Leaves for 12-Day Trip to South America
PM Again Denies Receiving Illicit Funds
Seoul Pledges $300 Million Support to Developing Nations through World Bank
KOSPI Rallies for 5th Consecutive Trading Day
Fewer S. Korean Companies Among World's Top 500
UN: 70% of N. Koreans Still Rely on Food Rations
Gov't to Offer Necessary Support for DMZ Crossing Event
Gov't Asks Gaeseong Firms to Submit Payment Statements
Ban Ki-moon Bewildered by Sung Woan-jong's Claims
U.S. Military Commander says THAAD Deployment in Discussions
US Studies Returning N. Korea to State Sponsors of Terrorism List
Sewol Memorial Rally Held in Central Seoul
Prosecutors to Question Associates of Sung Woan-jong
Families Cancel Sewol Memorial Ceremony
2 KBS Documentaries Honored at NY TV
19th-Century Japanese Map Labeled Dokdo as
Japanese Agency Distorts Ancient Korean
Gov't to Foster Private Sector Satellite Development
Satellite Images from Arirang 3A Revealed
S. Korean Scientists Develop World's Best Thermoelectric Alloy
Pyeongchang Committee Forms Overseas Advisory Group
S. Korea Takes Down Russia 2-0 in Women's Football Friendly
S. Korea Defeats Russia in Women's Football Friendly
U.S. Military Commander says THAAD Deployment in Discussions
Ban Ki-moon Bewildered by Sung Woan-jong's Claims
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Yonhap (http://english.yonhapnews.co.kr)
2NE1's CL fails to make TIME 100 list
CL, leader of popular South Korean girl group 2NE1, was not included in TIME magazine's official list of its 100 most influential people of 2015 released Friday.
Samsung widens lead over Apple in smartphone market
South Korean tech behemoth Samsung Electronics Co. outpaced its competitors in global smartphone sales in the first quarter of 2015, widening its market share lead over its closest rival Apple Inc., data showed Friday.
Obama says teachers in S. Korea paid as much as doctors
U.S. President Barack Obama has praised South Korea's education system again, saying teachers in Korea are paid as much as doctors and engineers.
U.N. chief expresses embarrassment over allegations by late S. Korean tycoon
U.N. Secretary-General Ban Ki-moon said Thursday he is "embarrassed" by allegations from a late South Korean business tycoon that he became a target of a prosecution investigation because he is close to the U.N. chief.
Park arrives in Colombia on 1st leg of S. America tour
FM Yun urges global teamwork against cyber terror
S. Korea, U.S., Japan agree to bolster 3-way coop..
N. Korea threatens S. Korea over THAAD deployment
Activists resume anti-N. Korea leaflet campaign
Seoul voices concerns over activists' plan to cross DMZ
NK leader extols producers of homemade aircraft
Yun urges global teamwork against cyber terror
Hyundai, Kia models earn 4-star safety rating in U.S.
Seoul shares open higher on chemicals, auto gains
Samsung widens lead over Apple in smartphone market
S. Korea sees steady rise in instant noodles, pasta export..
2NE1's CL fails to make TIME 100 list
Three Korean films invited to Cannes
Down, never out, Jeonbuk ties unbeaten streak recor..
Celebrities remember ferry sinking victims
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The Korea Times (http://www.koreatimes.co.kr)
UN chief dragged into Sung scandal
The latest headlines on the Sung Woan-jong bribery scandal are zeroing in on the relationship between the late businessman and United Nations Secretary-General Ban Ki-moon, as both hail from the Chungcheong region. Although Ban ...
Park willing to back special investigation
President Park Geun-hye said Thursday that she would decide the future of besieged Prime Minister Lee Wan-koo after returning from her overseas trip to South America. According to Cheong Wa Dae, Park had an unscheduled private m... Danwon High struggles with tragic aftermath Bribery list, Sewol dominate final interpellation session One-year memorial for Sewol cancelled
Sewol time warp
It was a year ago today. A news flash scrawl appeared on TV in the morning, saying a ferry was sinking but indicating there were few casualties. Then, the enormity of the tragedy fell one big piece by another into place, knockin... Sewol, Hillsborough and the quest for truth
LG backs SMEs for innovation
LG Group Chairman Koo Bon-moo said Thursday that the group will expand its partner-supporting programs for "shared growth" as he believes innovation will come...
'NK leader should face criminal tribunal'
Human Rights Watch has called on the international community to act on North Korea as it celebrate...
TOEIC test fee case to be taken to Supreme Court
A group of TOEIC test takers plan to file an appeal with the Supreme Court next week after lower courts dismissed their claims that YBM, the test’s administra...
Opposition leaders to seek PM's removal
The leader of the main opposition party has threatened to pursue impeachment of the prime minister unless he resigns over his alleged involvement in a bribery...
Video shows how to spot fake Galaxy S6
A YouTube video shows how to tell the difference between an authentic Samsung Galaxy S6 and a fake...
Nuclear reactor shuts down
A nuclear reactor in Yeonggwang, South Jeolla Province, shut down Thursday only five days after it...
Audi vows to put greater focus on customer service
Audi Korea has been expanding its market presence here and says it will beef up its customer servi...
Kumho Chairman faces uphill battle in taking holding firm back
Things have turned increasingly unfavorable lately for Kumho Asiana Group Chairman Park Sam-koo, w...
GM Korea, Daewoo International in dispute over Daewoo brand
GM Korea and Daewoo International are sparring over the right to use the Daewoo brand, increasing the likelihood of a battle ensuing in the law courts.
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DongA Ilbo (http://english.donga.com)
No IOC members in Korea?
Asked about the chances of being a member of International Olympic Committee (IOC) at the press conference two months ago, Choi Jeong-won, president of World Taekwondo Federation (WTF), responded that “Chances are...
Artifacts from Gaya kingdom tumuli unveiled to public
A horse head buried with the dead in an ancient tumulus from the Gaya kingdom is unveiled to the public. Daegu National Museum houses a special exhibit through June 14 featuring artifacts excavated in ancient tumuli...
Embattled PM changes words about his alleged involvement in bribery
When Prime Minister Lee Wan-koo was challenged by an opposition lawmaker during a parliamentary session on Thursday about his oscillating explanations regarding his alleged involvement in a bribery scandal, the...
Domestic mobile card company advances into Chinese mobile card market
In the near future, KB Kookmin Card and LG Uplus subscribers can pay in China with mobile credit cards issued in Korea. KB Kookmin Card and LG Uplus announced on Apr. 16 that the domestic credit card company and the...
Seoul to improve traffic near Seoul Station for public park project
The Seoul Metropolitan Government has drawn measures to improve traffic flows in accordance with a project to turn the elevated road in front of Seoul Station into a public park. Considering that an alternative road...
`Avengers` stars arrive in Korea quietly on ferry disaster anniversary
The entertainment community remembered the victims of the ferry Sewol sinking Thursday, the first anniversary of the tragedy that claimed 304 lives. Actors starring in "Avengers: Age of Ultron," who arrived in Korea on...
Controversies over N. Korean leader’s call for ‘highest-level’ talks
Ki Sung-yueng, Son Heung-min as promising Korean soccer players
New year’s wishes change over time
Samsung’s mobile phone beats Apple to top ACSI
Actor Lee Jung-jae reported to be in a relationship with Daesang heiress
N. Korean leader shows willingness to hold inter-Korean summit
U.S. military base in Yongsan bans civilian drones, model aircrafts
Japanese police on 14-year manhunt for cruel murderer
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Chosun Ilbo (http://english.chosun.com)
Conflict Marks 1st Anniversary of Ferry Disaster
People lined up for hundreds of meters in front of a memorial altar in Ansan south of Seoul to pay tribute to the victims of the last year's ferry disaster on Thursday, the first anniversary of the tragedy. >> Full Text
Samsung Keeps Logo Off Galaxy S6 Sold in Japan
Samsung has removed its corporate logo from its Galaxy S6 smartphones sold in Japan amid deep distrust of Korea and Korean technology in the island country. Instead, the sleek smartphones features only the Galaxy brand name, as do all accessories. >> Full Text
'Avengers' Stars to Promote Latest Film in Korea
The sequel to the biggest superhero movie of all time, "The Avengers," premiered at the Dolby Theater in Hollywood on Monday amid much hype. Director Joss Whedon and starring actors Robert Downey Jr., Chris Hems worth, Chris Evans, Scarlett Johansson, Mark Ruffalo and Korea's Kim Soo-hyun attended the event. >> Full Text
Victims' Families Snub Park on Ferry Anniversary
Paternity Leave on the Rise
Former Sex Slaves to Demand Japanese Apology in U.S.
Newlyweds Need 7 Years to Afford Own Home
Abe Meets Journalist Accused of 'Defaming' Park
Galaxy S6 Edge Cost More to Make Than Top iPhone
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Hankyoreh Shinmoon (http://english.hani.co.kr)
In the year since the Sewol, our national community has drowned
The flowers are falling. In the middle of April, the white flowers are falling like tears, the red flowers like blood, and the transparent flowers like the souls of children.304 passengers, including 17-year-old students at Danwon High School, who were in the bloom of life, as well as their teachers and others, on the Sewol ferry, are dead, a fact that is heartrending to recall amid the brilliance of the spring season. A year ago today, when the Sewol ferry breathed its last,
[News analysis] In wake of corruption scandal, Blue House left without a control tower
On Apr. 15, President Park Geun-hye made her first direct comment on the list left by former Kaengnam Enterprises chairman Sung Wan-jong, declaring that she would “not tolerate anyone who is responsible for corruption.”While the statement reads outwardly as a stern announcement of plans to get to the bottom of the case with a thorough examination, it is a significant change from Park’s past stance on the case and remains unclear on the more immediate concern: .
Japan seeking Defense Ministers meeting with South Korea
Japan proposed soon holding the first bilateral Defense Ministers meeting with South Korea in four years. Since Japan has recently pursued the contradictory strategy of regressing in regard to its historical disagreements with South Korea while aggressively pushing to strengthen bilateral security cooperation, attention is focusing on how the South Korean government will respond. During a security policy deliberative meeting with South Korea held in Seoul on Apr. 14, .
US warming up for Shinzo Abe’s visit to Washington later this month
With Japanese Prime Minister Shinzo Abe’s scheduled to visit the US at the end of this month, the US government is working overtime to set the mood for Abe. On Apr. 14, the US State Department held a town hall debate at the Dean Acheson Auditorium to celebrate the 70th anniversary of diplomatic relations between the US and Japan. In terms of format, Monday’s event was very unusual. .
Embroiled in scandal, Pres. Park set to leave for Latin America
With a list left by Sung Wan-jong causing the greatest crisis that Park Geun-hye has faced since being inaugurated as president, her plans to leave the country on Apr. 16 on a tour of four countries in Central and South America is expected to deal another blow to the current administration. .
Families Sewol missing still await their loved ones’ return one year later
Park Eun-mi made her way back down to Paengmok Port on Apr. 11. It was one year since the Sewol ferry sank in the waters off Jindo in South Jeolla Province, and the 45-year-old mother wanted to be as close as she could to her daughter Heo Da-yoon, a second year student from Danwon High School who has yet to be recovered from the vessel. In the evening, Park lies down in a container box set up at the harbor. As thoughts of Da-yoon come to her, she looks, tears streaming, .
[Reporter’s notebook] The ministry’s tall tales about North Korean military spending
At around 3pm on Apr. 14, an official at the Ministry of National Defense showed up unexpectedly at its press room carrying a document on the scale of military spending by South and North Korea. The additional details were provided by way of explaining a statement given earlier that morning at the National Assembly by Defense Minister Han Min-koo, who had said North Korea’s yearly expenditures were “believed to be in excess of US$10 billion.” .
Seoul lifts travel ban on Japanese journalist accused of defaming Pres. Park
On Apr. 14, the South Korean Ministry of Justice lifted the travel ban on Tatsuya Kato, 49, the former Seoul bureau chief for Japanese newspaper the Sankei Shimbun. Kato is charged with defamation for writing a column raising questions about what President Park Geun-hye was doing on the day of the Sewol tragedy (April 16, 2014).Sources say that Seoul’s decision to let Kato return home took the Japanese government by complete surprise. There is also speculation that this may be a diplomatic ge .
Report: S. Korea could be headed for Japan-style long-term economic downturn
A decline in the productive population and high rates of household debt may leave the South Korean economy suffering a long-term slump like Japan’s, according to a report by a state-run think tank. The report, titled “Examining the Possibility of a Japanese-Style Long-Term Downturn for the South Korean Economy,” was published on Apr. 13 by Kang Doo-yong, a senior researcher at the Korea Institute for Industrial Economics and Trade (KIET). .
Seoul issued strong condemnation of attack on South Korea embassy in Libya
The South Korean government issued a statement on Apr. 13 denouncing an attack on its embassy in the Libyan capital of Tripoli the day before by armed assailants claiming affiliation with the militant fundamentalist group Islamic State (IS).Seoul also announced efforts were under way on response measures in the wake of the attack."We strongly denounce the armed attack on the security checkpoint at our embassy in Libya, .
‘Week-to-week’ workers stuck wondering if they can pay their rent
“If I have to describe myself, I guess I’m a part-time ‘week laborer.’ I work in week-to-week units, and that’s how much I get paid.”The 27-year-old “rider,” identified by his surname Seo, likened his part-time delivery job at McDonald’s to day labor in weekly units. Last month, he worked 23 hours the first week, 38 hours the second, and 34 the third, only to see his hours drop back down to 21 the fourth week. The store when he works assigns its hours in weekly units.
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JoongAng Ilbo (conservative): (http://koreajoongangdaily.joinsmsn.com/)
Sewol relatives boycott president
President Park Geun-hye went to Paengmok Harbor in Jindo County, South Jeolla, Thursday to meet relatives of victims of the Sewol sinking and deliver a speech commemorating the loss on the first anniversary of the tragedy. But the relatives, furious with the Park government’s handling…
Starting pay at SMEs falls in 2015
No one’s completely satisfied with the paycheck they get, especially people who work at smaller Korean companies. This year, the average starting salary of employees…
Park postpones decision on firing prime minister
President Park Geun-hye will decide the fate of her beleaguered prime minister after she returns from an overseas trip later this month…
LG chairman increases free patents to start-ups
Two months after LG opened its center for creative economy and innovation in Cheongju, North Chungcheong, Chairman Koo Bon-moo vowed on Thursday…
Hyundai, Kia boost sales in Europe
Things are looking up for Hyundai Motor and Kia Motors in Europe. The nation’s leading automakers set an all-time monthly sales record last month…
Agencies unveil moves to prevent export fraud
In a move to prevent another fraud scandal at home appliance maker Moneual, the government has announced a package of measures,…
Vice foreign minister in U.S. for three-way talks
Korea is set to stand by its position that Japan face up to its colonial and wartime past in the first trilateral talks on Thursday in Washington…
Kosdaq’s good times keep rolling
Korea’s secondary stock trading board, the Kosdaq, closed close to the 700 mark on Thursday for the first time in seven years…
Korean asset managers boost real estate holdings
The job description for a fixed-income analyst in
Seoul is getting broader and more exotic. Kim Eun-gie, a credit analyst at NH Investment & Securities…
Market maintains rally on foreign buying
Expectations that the benchmark Kospi might break the all-time record of 2,228.96 set May 2, 2011, dominated the market on Thursday…
E-Land teams up with Mission Hills
E-Land Group is teaming up with Chinese golf resort operator Mission Hills to build and sell luxury villas and has signed a memorandum of understanding…
Lotte Mart will open a Bandung supermarket
Lotte Mart is opening a second supermarket in Indonesia, the discount retailer said Wednesday. The 1,204-square-meter store will be located in Bandung…
Hyundai Department stores will lease goods
Hyundai Department Store is entering the consumer leasing business to diversify its business portfolio as the local retail industry…
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Maeil Kyungje (neutral-oriented conservative, economic/business): (http://news.mk.co.kr/english/)
Mixed statements over bribery list herald roadblocks for investigation
Statements are mixed over the so-called ‘Sung Wan-jong list,’ a bribery list left behind by a late businessman. Some voice concerns that the prosecution investigatio.. ...04.17 10:37
Park meets with ruling party chairman before leaving for S. America
President Park Geun-hye and Saenuri Party chairman Kim Moo-sung had an emergency meeting at the presidential house at around 3:00 PM Thursday. The meeting was held jus.. ...04.16 18:00
LG to expand patent sharing with SMEs
LG Group will strengthen its symbiotic relationship with small and medium companies by sharing its 25,000 patents with them. LG Group Chairman Koo Bon-moo announced t.. ...04.16 17:50
Psychology of ex-chairman before suicide
The ‘Sung Woan-jong list’ that named high-profile politicians, including Prime Minister Lee Wan-koo and other influential figures around President Park Geun-hye, who.. ...04.16 17:28
Gov’ t seeks to embrace ‘regulation fast track system’ for business ove..
The so-called ‘one shot act,’ or the special act on business overhaul support, is said to incorporate the ‘regulation fast track system,’ under which companies can.. ...04.16 17:19
Seoul city seeks to up transportation fares
Seoul metropolitan government on Thursday presented a public transportation fare hike proposal to the municipal assembly, in which it calls for upping subway fares by .. ...04.16 17:16
LS Cable to supply cables to China’s Dongfeng Motor
LS Cable & System will supply high-voltage harness cables for eco-friendly vehicles made by China’s second largest carmaker Dongfeng Motor. The South Korean cable and.. ...04.16 14:52
‘Electric vehicle Olympics’ to be held in S. Korea
The world’s largest electric vehicle event where participants could check out the trend of the electric vehicle industry and the direction of the academic technology .. ...04.16 11:16
Gov’t policy not working well in job market
South Korea’s March non-farm payroll grew at the slowest pace in 22 months, prompting concerns that the government’s employment policy reached its limit. The deceler.. ...04.16 11:05
Gov’t seeks efforts again to privatize KORAIL
The Korea Railroad Corporation (KORAIL), which is currently operated in an integrated system, would introduce a competition system by splitting it off into divisions s.. ...04.16 11:01
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The Kyunghyang Shinmoon (http://english.khan.co.kr/)
[Editorial]One Year Anniversary of the Sewol Tragedy: The Disaster Is "Ongoing"
Jo Eun-hwa, Heo Da-yun, Nam Hyeon-cheol, Bak Yeong-in, Yang Seung-jin, Go Chang-seok, Gwon Jae-geun, Gwon Hyeok-gyu, Yi Yeong-suk...We call the names of those w···
"I Will Tolerate No One" President Park Warns of an "Investigation Storm" Covering the Present with the Past
On April 15, President Park Geun-hye announced her position on the Sung Wan-jong list scandal along with future measures. This was the first time that the presi···
[One Year after the Sewol - Insensitiveness] Even Afterwards, the Country Was Nowhere to Be Seen
At Paengmok Port in Jindo-gun, South Jeolla Province, there is a banner with the words, "Where Was the Country?" It isn't just the frustration of the familie···
[Editorial] Outrageous Remark for 'Search and Seizure of Kyunghyang Shinmun' Made by a Ruling Party Lawmaker
Saenuri Party lawmaker Kweon Seong-dong's statement about a search and seizure of the Kyunghyang Shinmun is indeed absurd. During an interpellation session at ···
[One Year after the Sewol: Anger] Government Talks of Money, but Not the Truth
At midnight on April 8, Gwanghwamun Square in Seoul was noisy with the sound of the speeding cars. But silence passed at one side of the square where the gaze o···
[Editorial] Kim Moo-sung's Cowardly Attempt to Distract the Public with an 'Investigation on Presidential Election Funds'
As the scandal of the Sung Wan-jong list spreads to an issue concerning Park Geun-hye's election funds in the 2012 presidential election, Saenuri Party leader ···
A Special Investigation Team for the Sung Wan-jong List: President Park Orders Strict Actions Leaving 'No Sanctuary'
The Prosecutors' Office has launched a formal investigation into the allegations that Sung Wan-jong, former chairman of Kyungnam bribed politicians. The invest···
[Editorial] The Determination to Improve Inter-Korean Relations Is More Important Than the President's Trip to Russia
President Park Geun-hye decided not to attend a ceremony celebrating the seventieth anniversary of Russia's victory in World War II, scheduled to be held on Ma···
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The Korea Economic Daily (http://english.hankyung.com/)
Foreign Investors Net-buy Korean Stocks for 8 Straight Trading Days
The KOSPI index has relentlessly soared almost to the 2,140 level. This is largely because foreign investors kept buying Korean shares considered relatively undervalued among Asian shares. In addition to the KOSPI, the KOSDAQ index once surpassed the 700 level during the session. On April 16, the KOS...
Credit Loan Balance for Investment Accounts Reaches Historic High of 7 Tril. Won
As the stock market continues its rally, the balance of credit loans has also hit a record level. The higher the line of credit balance for investors' accounts, the higher the number of individual investors who try to increase their returns by borrowing to the max. According to the Korea Financial In...
R&D Spending in Shipbuilding and Steel Industries Remains at Such Low Levels
The R&D investment in the shipbuilding and steel industries is remaining at negligible levels, causing concerns over the weakening competitiveness vis-a-vis Chinese and Japanese rivals. According to an analysis by the Korea Economic Daily based on data provided by the electronic disclosure system of...
Global IT Spending Forecast to Fall 1.3% This Year
The world’s IT spending is forecast to decline 1.3 percent this year to US$3.66trillion, negatively affected by the strong dollar. According to market research firm Gartner on April 16, the global IT spending is likely to reach $3.66 trillion this year, down 1.3 percent from a year ago. Key factors behi...
LG Display Forays into China with Ultra-slim Panel “Art Slim”
LG Display is making forays into China’s TV market with “Art Slim” models which feature a drastic reduction in both thickness and weight. LG Display announced on April 16 that it held the Art Slim promotion event in Beijing on April 15 in which about 130 guests, including those from local customer firms...
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AJU Business Daily (http://eng.ajunews.com/korea)
Popera singer Lim Hyung-joo donates 57 million won, joins donors' club
Operatic pop (popera) tenor Lim Hyung-joo Wednesday donated 57 million won worth of proceeds from his hit, "A Thousand Winds," dedicated to the victims of the Sewol ferry sinking. Lim made the do…
Audi Volkswagen emerges as No. 3 car seller in South Korea: data
Audi Volkswagen Korea joined the ranks of the top 3 in terms of sales in South Korea for the first time in 2014, outpacing GM Korea, data showed Thursday. Its sales reached 2,661.9 billion won, com…
Smartphone banking service users soar 29.6% on-year in 2014: central bank
The number of South Koreans using smartphone banking service soared nearly 30 percent in 2014 from the previous year, central bank data showed Wednesday. According to the data compiled by the Bank …
IMF lowers 2015 growth forecast for South Korea's economy to 3.3%
The International Monetary Fund (IMF) Tuesday lowered its 2015 growth forecast for South Korea's economy to 3.3 percent from an earlier estimate of 3.7 percent. "Korea’s growth momentum has sta…
KakaoStory most-used SNS among South Koreans: poll
KakaoStory was the most-used social networking service (SNS) among South Koreans in 2014, a poll said Tuesday. According to the survey of 9,381 Internet users aged between 13 and 69, 51.8 percent o…
S. Korea's electric car market likely to expand 5-fold until 2016
South Korea's electric car market is expected to grow more than five-fold until next year, officials said Tuesday. The number of electric vehicles (EVs) in the country totaled 3,044 units as of…
S. Korea's share of global TV market grows in 2014
South Korean TV makers saw their global sales grow in 2014 from the previous year, while sales by their Chinese and Japanese rivals dropped during the same period, a market research firm said Tuesday.…
Export and import prices rise for 2 months on weak local currency
South Korea's export and import prices increased for the second straight month in March, the central bank said on Monday. The Export Price Index (won basis) increased 0.9 percent last month fro…
S. Korea's meat consumption jumps nearly 4-fold in 3 decades
South Koreans' consumption of meat has increased nearly four-fold for the past three decades, government data showed Monday. The country's per-capita consumption of meat reached 42.7 kilogr…
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ETNEWS (http://english.etnews.com/)
RAMICS Succeeds in Creating First Domestic Hybrid TV Tuner
5 year-old venture enterprise has successfully created domestic ¡®Hybrid TV tuner chip¡?, which the country had been entirely dependent on impor...
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No. 1 Country in Information and Communication....IPv6 Utilization Rate Even Lower Than Bhutan Ahn Ho-cheon
Korea¡?s IPv6 utilization rate was found to be even lower than that of developing country Bhutan, the 161st place country concerning GDP. Even though se...
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APP Exports Massive Amount of Micro-pattern Atmospheric Plasma Machine
The domestic Argon (Ar) atmospheric plasma equipment has been recognized by foreign markets and is receiving spotlight for this recognition leading to massive exportatio...
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[Patents in Future Technology] Technologies Samsung Purchased
The Samsung Electronics Future Technology IP Portfolio is diversifying, since strategic patent purchases have been greatly reinforced. Last year, Samsung greatly increased ...
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Domestic Device Price ranks in 1st and 2nd spot for 3 years in a row
There has been several points that South Korea¡?s phone device price is world¡?s highest regardless of standard or luxury phone. It is becoming b...
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