The Korean daily media headlines and humor
The Korean daily media headlines and humor
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  • 승인 2015.04.20 00:00
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April, 20 2015

The Korean daily media headlines and humor

Monday, April 20, 2015

Your Excellency:

Here are The Korea Post notices, humor from a generous former Asian ambassador and a Korean business daily as well as a roundup of important headlines from all major Korean-language dailies, TV and other news media this morning:

Lee Kyung-sik


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.


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 or

For further details, please visit /news/view.html?section=161&category=181&no=898.

A scene from Envolee created by Aerosculpture Group of France.


The Korea Post notice:

You never know how your masterpiece speech is downgraded into low-quality utterances in the process of Korean translation.

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 for the most competitive price and the best quality of the work.


Today’s humor:

Humor from a generous former Asian ambassador

Doctor Johnny

A young doctor Johnny moved out to Victoria to replace a doctor who was retiring.

The older doctor suggested that the young one accompany him on his rounds, so the community could become used to a new doctor.

At the first house a woman complains, "I've been a little sick to my stomach."

The older doctor says, "Well, you've probably been overdoing the fresh fruit. Cut back on the amount you've been eating and see if that does the trick?"

As they left, the younger doctor Johnny said, "You didn't even examine that woman? How'd you come to the diagnosis so quickly?"

"I didn't have to. You noticed I dropped my stethoscope on the floor in there? When I bent over to pick it up, I noticed a half dozen banana peels in the trash.

That was what probably was making her sick."

The younger doctor Johnny said "Pretty clever. If you don't mind, I think I'll try that at the next house."

Arriving at the next house, they spent several minutes talking with a younger woman.

She said that she just didn't have the energy she once did and said, "I'm feeling terribly run down lately."

"You've probably been doing too much for the Church," the younger doctor Johnny told her. "Perhaps you should cut back a bit and see if that helps."

As they left, the elder doctor said, "I know that woman well. Your diagnosis is most certainly correct, she's very active in the church, but how did you arrive at it?"

"I did what you did at the last house. I dropped my stethoscope and, when I bent down to retrieve it, I noticed the priest under the bed.

(Editor’s note: Thank you, Generous Former Ambassador of Asia!!! I am hoping that some kind-hearted former/incumbent colleagues of yours would also kindly contribute.)


Hankuk Kyungje

Drink in Lunch Box

After an exhausting weekend, the mother woke up Monday morning and speedily packed lunch for her eight-year-old son.

When she got home from work late that day, her son handed her a note from his teacher, requesting the mother to see her.

“What’s this all about?” she asked sternly. Opening his lunch box, her son showed her the drink she had given him that morning.

It was a can of beer.



President Park Geun-hye Visits Peru

President Park Geun-hye visited the National Museum of Archaeology, Anthropology and History in Lima on Sunday.

Full Two Koreas at Loggerheads over Gaeseong Wage Demands

Events Mark 1960 Democratic Uprising

President Park Geun-hye Visits Peru

Park Meets Colombian Veterans of Korean War

S. Korea's Export Growth Drops for 4th Consecutive Year

Samsung, Hyundai Account for 81% of Profits of 30 Biz Groups

Morgan Stanley: KOSPI Could Rise to 2,700 in 2015

Two Koreas at Loggerheads over Gaeseong Wage Demands

Minister Voices Hope on Inter-Korean Ties After April

N. Korean Defense Chief Vows to Continue Nuclear Development

The Diplomat: THAAD Could Pose Serious Challenges for China

Greek Default Threat Causes Concerns

Spanish City Names New Sports Complex as Korean Taekwondo Master

Prosecutors Look into Claims of Evidence Concealment by Sung’s Aides

Sewol Memorial Events, Rallies Held Throughout Seoul

No S. Korean Movies Make to Cannes'

2 KBS Documentaries Honored at NY TV and

19th-Century Japanese Map Labeled Dokdo as

S. Korean, Israeli Scientists Find New Mechanism to Suppress Tumor Growth

New Anti-Superbug Drug Approved by Health Authorities

S. Korea Could Face Rice Shortage by 2050

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


Yonhap (

Builder tried to hide bribery evidence: prosecutors

Prosecutors said Sunday a construction company tried to cover up evidence that might reveal its late chairman bribed politicians, including Prime Minister Lee Wan-koo.

Kim Jong-un climbs highest mountain to honor late father

North Korean leader Kim Jong-un has scaled the country's highest mountain to mark the anniversary of the day his late father was given the second-highest military rank, the North's state media reported Sunday.

S. Korea's top central banker stresses restructuring efforts for growth

The chief of South Korea's central bank said Saturday that Asia's fourth-largest economy could get a boost in growth from an easing monetary policy, but concerted restructuring moves would be key to raising its growth potential.

Asiana to pay damages for botched jet landing

Asiana Airlines Inc. has said it will compensate all passengers aboard its flight that skidded off the runway at a Japanese airport last week.

S. Korea-Ethiopia ties must move..

Park seeks to export S. Korea's attack aircraft t..

THAAD 'litmus test' for S. Korea-U.S. alliance: report

Seoul bizmen to visit joint industrial park amid wage row

N.K. ordered to pay US$330 mln to kidnapped pastor's famil..

Wage talks between 2 Koreas fails again

Kim Jong-un climbs highest mountain to honor late father

S. Korean firms sandwiched over 2 Koreas' wage row

SK C&C to merge with SK Holdings via stock swap to ..

Seoul shares open lower following Wall Street losses

Poultry processor Harim to be on watchdog's watch list

Microsoft's new smartphone to have Line messenger app pre-..

S. Korean clubs face crucial group matches at AFC Champion..

S. Korea to host UAE in final football friendly before Wor..

Pirates' Kang Jung-ho scores first big league run

S. Korean Kim Sei-young earns 2nd LPGA win of 2015


The Korea Times (

Nearly 700 migrants feared dead after boat capsizes in Mediterranean 

Over 700 people are feared dead after a boat carrying migrants capsized overnight off Libyan water...

Chung-Ang University foundation probed for accounting fraud 

The Chung-Ang University foundation was allegedly used to commit accounting fraud worth 20.3 billion won ($18 million), the prosecution said Sunday.

Corruption scandal dents ruling party's confidence in by-election 

The Sung Woan-jong scandal is emerging as a deciding factor in the outcome of the April 29 by-election. 

Sewol families clash with riot police 

Twenty-one relatives of people who died during the sinking of the ferry Sewol were released Sunday...

Finding Lee's replacement may be hard for Park 

The Sung Woan-jong list is pushing President Park Geun-hye through another traumatic experience as a result of her repeated failures in picking a prime minist...

Proponents tout constitutional change as solution to corruption 

A group of lawmakers wanting to amend the Constitution to prevent abuses of power has gained the upper hand following the corruption scandal that is rattling ...

Keangnam employees to be questioned this week 

The prosecution will summon seven Keangnam Enterprises workers for questioning this week as part of a widening investigation into bribery allegations surround... 

Strike-free Mexico lures automakers 

Kia Motors’ announcement last August that it will build its first overseas assembly plant in the n...

SKT draws complaints for belated subsidy hike for S6 phones 

SK Telecom’s decision to raise subsidies for customers buying Samsung’s Galaxy S6 and S6 Edge smartphones is drawing complaints from those who have already bo... 

LG pins hope on G4 for rebound 

Can LG Electronics’ new flagship G4 compete effectively with Galaxy S6 and iPhone 6?


DongA Ilbo (

S. Korea-Colombia summit seeks to strengthen and diversify bilateral ties

Our friendship will maintain and grow deeper at all times, and future generations of the two nations will remember this.” The audience burst into a loud round of applause when South Korean President Park Geun-hye... 

Son Yeon-jae joins rhythmic gymnastics national team

South Korean rhythmic gymnast Son Yeon-jae (Yonsei University, pictured) withdrew from the national team tryouts, but she will join the national team thanks to the recommendation of the Korea Gymnastic Association. ...

`Virtual reality techniques can be used in surgery,` says company founder

Virtual Reality (VR) devices will become universal platform like today’s smartphones in the near future,” said Oculus VR CEO Palmer Luckey. When asked about the future of VR, Palmer Luckey (pictured), the co-founder...

Asiana Airlines to pay $5,000 to passengers of landing accident in Japan

Asiana Airlines has announced on Sunday that it will pay 5,000 U.S. dollars to all the passengers who were on board when its flight skidded off the runaway on Tuesday at Japan’s Hiroshima airport. “We have decided to...

Students allowed to enter Seoul high schools in May

People who passed the middle school qualification examination (general equivalency diploma) are now allowed to enter high schools in Seoul in May as well as at the beginning of a new semester. According to the Seoul...

Japan aims to land unmanned explorer on Moon in 2018

Japan is seeking to land an unmanned spacecraft to the moon. If successful, Japan will be the fourth country to do so after the former Soviet Union, the U.S. and China. According to the Sankei Shimbun on Sunday, the...

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


Chosun Ilbo (

Sales of Baby, Kid Products Resist Recession

Sales of baby and child products are defying the recession, as a growing number of one-child households translates into more parents who are not inclined to skimp on spending for their kids. >> Full Text

Railway Park to Be Built Near DMZ

A park will be built at Dorasan Station, the northernmost stop on a railway that used to link North and South Korea until the 1950-53 Korean War. The station sits in the civilian control area near the demilitarized zone in Paju, Gyeonggi Province. >> Full Text

Why Mostly Older Men Use Libraries

A growing number of senior citizens are heading to libraries in search of new pleasures in their retirement, and most are men. According to statistics from the National Library of Korea, the number of users over 60 increased 200 percent compared to 10 years ago. >> Full Text

Conflict Marks 1st Anniversary of Ferry Disaster

Ancient N.Korean Propaganda Chief Bows Out

Samsung Keeps Logo Off Galaxy S6 Sold in Japan

Huawei Launches Ultra-Slim Smartphone

Sales of Hybrid Cars Rise with Stricter Emissions Standards Looming

Paternity Leave on the Rise3 Korean Films Invited to Cannes


Hankyoreh Shinmoon (

Trying to stop the downstream flow of dirty money

Ongoing Sung Wan-jong scandal highlights the need to address collusive ties between government and business

As the Sung Wan-jong scandal rocks South Korean society, public attention is turning once again to the close ties between politicians and businesses and the illegal political funds that maintain those ties. Focusing in on the political contributions by businesses over the past fifteen years, the watershed point is generally considered to be the revision of the Political Funds Act in March 2004, which greatly increased transparency of such contributions. Before the revision of the law,

In Colombia, Pres. Park hoping corruption scandal cools off while she’s away

On the evening of Apr. 16, President Park Geun-hye arrived in Bogota, Colombia, the first stop on her tour of four countries in Central and South America. But her trip got off to a chaotic start because of the power vacuum in government resulting from the Sung Wan-jong scandal, which has rattled domestic politics, and the possibility that Prime Minister Lee Wan-koo will have to step down. When Park has left the country in the past, her chief of staff has always seen her off, .

US commanders’ comments contradict previous government statements on THAAD deployment

High-ranking US commanders are igniting controversy with remarks that seem to contradict the South Korean and US government’s previous statements that the deployment of a Terminal High Altitude Area Defense (THAAD) missile defense system on the Korean Peninsula is not an official topic of discussion. Adm. Samuel Locklear, Commander of the US Pacific Command, said at a Senate Armed Services Committee hearing on Apr. 16 .

Professors launch online forum for seeking to understand Sewol tragedy

In 1965, University of Michigan professors who opposed the Vietnam War held all-night lecture and discussion sessions with students. Since a 2011 mega-earthquake off the country’s eastern coast, researchers in various areas in Japan have met regularly to study disasters and share data online with the public. Those are attempts to work together to confront the reality of disaster. .

Pres. Park frozen out by Sewol families on anniversary

President Park Geun-hye said she would visit Paengmok Port in Jindo, South Jeolla Province, on Apr. 16, the first anniversary of the sinking of the Sewol, so that she could pay her respects to the victims of the accident and to launch the raising of the ferry’s hull. But Park was unable to meet the families of the victims at the harbor. When the families heard that Park would be visiting, they temporarily shut down the memorial altar at the site and left the area in protest of Park‘s behavior .

Next week, Abe to express “remorse”, but not apologize for colonial aggression

Japanese Prime Minister Shinzo Abe plans to deliver a message of “remorse” on World War II at the Asia-Africa Summit in Indonesia next week, while omitting references to “deep remorse over colonial rule and aggression” as called for by South Korea and China, according to Japanese media reports. The event, which is taking place in the Indonesian capital of Jakarta, marks the 60th anniversary of the first Bandung Conference in 1955. .

At stores in Seoul, a weak response to the Galaxy S6

“We’ve had more customers come in thanks to the Galaxy S6, but no one has bought it yet. We have plenty of phones in stock, but we’re only allowed to carry 10 of the Galaxy S6 Edge Gold.”“If it were me, I’d buy the iPhone 6. The Galaxy S6 battery runs out quickly, and you also have to pay extra for the wireless charging pad.”At the mobile phone shops in Seoul’s Yeongdeungpo district that a Hankyoreh reporter visited on Apr. 16, .

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: .

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.


JoongAng Ilbo (conservative): (

Protesting Sewol kin end up at police station

Demonstrators calling for a truly independent investigation into the sinking of the Sewol ferry clashed with police following the first anniversary of the tragedy, leading to the arrest of more than

100 protestors, including the parents of children who perished in the disaster. A large rally with…

Biggest business group joins Park in Latin America

President Park Geun-hye landed in Colombia raising hopes that a free trade agreement with the country might finally be approved by the South American nation.…

Russia may supply natural gas to North Korea

Natural gas from Russia’s Sakhalin Island may soon be supplied to North Korea via the Khasan to Rajin route, according to the JoongAng Ilbo.…

Chief executive in waiting foresees a new day for eBay

Newcomers to Korea may wonder why their beloved online commerce platform eBay is not to be found here. But the world’s biggest online shopping company has, in fact, …

Choi asks for bigger stake in AIIB

Finance Minister Choi Kyung-hwan expressed his desire for Korea to get a larger stake in the Asia Infrastructure Investment Bank (AIIB) to his Chinese counterpart Lou Jiwei …

Gov’t to ease banking law

Internet-based companies such as Naver and DaumKakao will soon be able to start banking businesses as the Korean financial authority is planning to ease a regulation …

Philip Morris hopes to raise volume of exports

YANGSAN, South Gyeongsang - Smokers in Korea have been hit with steep tax increases, tougher bans on lighting up in public and increasing social stigma,…

Sung payoff probe now crosses the political aisle

Prosecutors are set to widen their investigation into a bribery scandal set off by a 56-word memo found inside the trouser pocket of a businessman-turned-legislator …

Water pricing is a work in progress, says Braga

Water is an undervalued resource, and efforts to accurately price water for all users must be undertaken worldwide. That push, World Water Council Chairman Benedito Braga…

Mystery death in Australia

The Ministry of Foreign Affairs said Sunday that the body of a Korean male who went missing in Australia was found off a beach in Sydney.…

Fine for New Year day rant

The Seoul Western District Court on Sunday fined a 29-year-old American English teacher 5 million won ($4,625) for drunkenly spitting in a police officer’s face and disrupting…

Tech’s where the rubber meets the road

GEUMSAN, South Chungcheong - The ultimate goal for Hankook Tire is to become a leading manufacturer in the global market, not only in sales but also…


Maeil Kyungje (neutral-oriented conservative, economic/business): (

Aides to late bizman Sung to be summoned for probe into bribery list

Prosecutors will summon those involved in the so-called ‘bribery list’ left behind by Sung Wan-jong starting from mid this week. The special investigation team (head.. ...04.19 17:18

Export growth extends downtrend for 3 months in row

South Korea’s export growth is extending downtrend since 2010 at a time when both export and import are declining for three consecutive months. According to the Kor.. ...04.19 15:12

LG Electronics to showcase powertrain at EVS28

LG Electronics will showcase its ‘powertrain’ at the world’s largest electric auto show for the first time since its launch of auto component industry two years ago.. ...04.19 12:33

Number of new workers among those in the 40s down for 3 months

Job market for those in their 40s is showing signs of slowdown. The number of new workers in their 40s is retreating for three consecutive months and a large number of.. ...04.19 11:16


The ups and downs of Keangnam Enterprises

Besieged Keangnam Enterprises has a long history of 64 years. It is Korea’s first builder that won an overseas construction license, entered the overseas market (unof.. ...04.17 17:19

Sung Wan-jong gives hefty political funds to ruling, opposition party

The prosecution found that Sung Wan-jong, former head of Keangnam Enterprises, who committed a suicide, had sponsored a hefty sum of political funds to politicians thr.. ...04.17 15:27

Male workers taking paternity leave soar in Q1

With male workers taking paternity on the surge this year, the era of ‘daddy childcare’ is on the way. According to the Ministry of Employment and Labor on Thursday,.. ...04.17 11:09

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


The Kyunghyang Shinmoon (

Tragedy] Even the Heavens Cried: A Wave of Mourners in the Rain Remembering the Sorrow and Anger

The memorial ceremonies for the Sewol victims held nationwide on April 16 overfilled with sadness and anger. This day, memorials were organized by local governm···

[Editorial] Prime Minister Lee Wan-koo Should No Longer Disgrace the Prime Minister Position

President Park Geun-hye put off her decision on the future of Prime Minister Lee Wan-koo, who has fallen to a lame state, until after her return from a trip to ···

[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 ···


The Korea Economic Daily (

Prez. Park Meets Colombian President...$3 Bil. E-commerce Market to Open up

Korean President Park Geun-hye, as the first leg of her four South American nation state visit, held a summit meeting on April 17 with her Colombian counterpart Juan Manuel Santos Calderon and signed memorandums in 17 areas including local e-commerce market participation by Korean companies, partici...

China's Car Market to Rise to 26 Mil. by 2020...Hyundai and Kia Respond by Raising Their Capacity

The world's major car makers are moving toward the Chinese market in droves to take advantage of the increasingly larger car market in the world's most populous country. Last year alone, as many as 17 million cars were sold in China, with about 7 million commercial vehicles including buses and truck...

2014 GDP Deflator Growth Rate Falls to Record Low in 8 Years

The growth rate of the GDP deflator in 2014 fell to the lowest level in eight years. The GDP deflator is a measure of the level of prices of all new, domestically produced, final goods and services in an economy. According to the Ministry of Strategy and Finance and the Bank of Korea, the growth rat...

Samsung Electronics Develops Smartphone App “Dowell”

Samsung Electronics announced on April 19 that it has developed a new smartphone application “Dowell” to make it easier for those who have difficulty in moving hands and arms. “Dowell” is designed to connect the auxiliary input device which the handicapped people with limited abilities in moving...

Three Bidders Submit LOIs to Acquire Pantech

Three bidders, including a U.S.-based social networking service firm and a domestic real estate firm, submitted letters of intent to acquire Pantech, which is now under a workout program. According to investment banking sources on April 17, as a result of the preliminary bidding conducted by KDB Dae...


AJU Business Daily (

South Korea's ramyeon exports contract 1.9% in 2014

South Korea's ramyeon (instant noodles) exports contracted slightly in 2014 from the previous year, after rising for three straight years, government data showed Friday. The country's ram…

Kia's Sedona minivan wins US magazine's Auto Interior of the Year award

Kia Motors' Sedona minivan has been named as one of U.S.-based Ward’s Auto magazine's 10 Best Interiors Winners 2015. The Sedona, which is all-new for 2015, is known locally as the Carnival. …

Girl group 2NE1 leader CL fails to make a list of TIME

CL, leader of popular South Korean girl group 2NE1, failed to make a list of the world's 100 most influential people of 2015 chosen by TIME magazine. CL ranked second in the U.S. news magazine&…

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

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

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: research firm

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.…



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