July 9, 2015
The Korean daily media headlines and humor
Thursday, July 9, 2015
Your Excellency:
Here are The Korea Post notices, humor from Korean business daily 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:
Yoo now close contestant to Kim Moo-sung as Saenuri Presidential hopeful
Yoo Seung-min, who involuntarily resigned yesterday as the floor leader of the ruling Saenuri Party under the pressure of the pro-Park faction of the party, jumped to the second place overnight in the popularity rating of the Presidential hopefuls of the ruling camp, next only to Saenuri Chairman Kim Moo-sung.
According to a survey conducted by Real Meter at the request of JTBC TV on July 8, 2015, Yoo scored 16.8% of support only after Kim Moo-sung who got 19.1%--merely 2.3% difference.
Yoo by far (more than three times) outstripped former Gyeonggi Governor Kim Moon-soo (6%), former Saenuri Chairman Chung Mong-soon (5.1%), Jeju Special Province Governor Won Hee-ryong (3.1%), incumbent Gyeonggi Governor Nam Kyung-pil (2.5%) and Gyeongsangnam-do Province Governor Hong Joon-pyo (2.3%).
Yoo's 'super high jump' is more than 3 times the score (5.4%) he got on June 25, 2015 when President Park Geun-hye severely rebuked him literally as a 'political traitor.'
Leaving the post of the Saenu Party floor leader, Yoo said, "I have been trying to keep the post to safeguard the solemn values of the Clause 1 of the Article 1 of the Constitutional Law of the Republic of Korea, which states: "The Republic of Korea is a democratic republic."
please visit: /news/view.html?section=158&category=166&no=1001
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The Korea Post notices:
Proudly introduce the traditional foods of your country:
I am pleased to inform Your Excellency that The Korea Post is publishing a Special Report in all its five media units (two in Korean and three in English) to introduce the regular food table of each country.
This is in preparation for the Grand Exhibition of Food Tables of the World to be shown to over half a million people expected to visit the 2015 Namyangju Slow Life Planet Festival on October 8-17, 2015.
Please email to edt@koreapost.com a copy of the regular Food Table of your country for publication in The Korea Post and also at the Exhibition Center of the 2015 Namyangju Festival for a duration of 10 days.
In Korea, the table normally consists of a bowl of rice, a bowl of guk (watery soup), a bowl of Jjigae (stew), a dish of roast fish, a dish of Namul (seasonal greens) and a number of other dishes (small pancakes, steamed eggs, fried bean curds, jelly, etc.). The number of bowls and dishes differ depending on the financial status of the family and on the different occasions. On such festive occasions as Seollal (Lunar New Year’s Day) and Chuseok (Autumn Full Moon Festival), the number of foods and variety are much larger than at normal time, and each has a specific food item that must not be left out, eg., Ddeokguk (rice cake soup) on the New Year’s Day and Songpyeon (stuffed small rice cake in a half-moon shape. (Please call 010-5201-1740 for further details.)
Send your news releases and feedback:
Send the Embassy news releases to edt@koreapost.com for publication by all its five media units, including one Korean (www.koreapost.co.kr) and one English (www.koreaposst.com) Internet dailies, which are updated real-time. (Call 010-5201-1740 for further details.)
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Today’s humor:
Hankuk Kyungje
A New Car
A man purchased a new car. He was on his way home and all his attention was on the new vehicle. Then it occurred to him that he had forgotten something.
Twice he stopped, checked his parcels and searched his pockets. Finally he decided he had everything with him.
When he arrived home his young son came out and asked, “Daddy, where is Mommy?”
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KBS (http://world.kbs.co.kr/english/news/)
Next Year's Minimum Wage Set at 6,030 Won, Up 8.1%
Next year’s hourly minimum wage will be raised to six-thousand-30 won, up 450 won or eight-point-one percent, from this year. The Minimum Wage Council...
Nation's CDS Premium at Highest in Five Months
S. Korean Lawmakers Visit Moscow to Meet Russian Counterparts
S. Korea Making Diplomatic Efforts for Release of S. Koreans Detained in N. Korea
Park Vows to Beef Up Cyber-security
Top Office Reserves Commenting on Yoo's Resignation
Nation's CDS Premium at Highest in Five Months
Next Year's Minimum Wage Set at 6,030 Won, Up 8.1%
Finance Minister Expects Limited Impact from Greek Crisis
Seoul Regrets Possible Cancellation of First Lady's Trip to N. Korea
N. Korea Threatens to Cancel Ex-First Lady's Air Travel to Pyongyang
North Threatens to Take Stern Measures if Rescued Fishermen Not Returned
S. Korean Lawmakers Visit Moscow to Meet Russian Counterparts
VOA: Human Rights Watch Urges Trial for N. Korean Leader
Japanese Civic Groups Call on Government to Apologize for Wartime Aggression
Nephew of N. Korea Workers' Party Secretary Arrested for Financial Scam
S. Korea Ranks 4th in Smartphone Penetration
2nd Lone Star Hearing Comes to a Close
Gov’t Hopes to Attract More Foreign
Baekje Historic Areas Added to UNESCO World
Schwarzenegger in Korea to Promote New
KAIST Develops Stronger Non-Contact Wireless Charging Device
Air Force Opens Nation's 1st Space Data Situation Room
Korean Peninsula Saw 18 Earthquakes in First Half, Less Than Previous Years
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Yonhap (http://english.yonhapnews.co.kr)
S. Korea unveils plan to boost exports
South Korea will invest nearly 10 trillion won (US$88 billion) over the next three years to help boost its exports, the government said Thursday.
The move comes as the country posted an on-year drop in its exports for six consecutive months since January.
S. Korea raises minimum wage for 2016 by 8.1 pct
A government body raised the minimum wage by 8.1 percent for next year, an official said Thursday, a decision that failed to satisfy both labor and management.
Full text of BOK's statement on monetary policy decision for July
Following is a translation of the full text of the Bank of Korea's statement Thursday on its monetary policy decision for July. The central bank's monetary policy committee voted to freeze the base rate at 1.5 percent.
U.S. official due in Seoul over missile defense
A senior U.S. official will visit Seoul on Thursday for talks on missile defense and other security issues, officials said.
BOK freezes key rate at record low
South Korea's central bank on Thursday held the key interest rate steady at 1.5 percent for this month after cutting it to a record low in June to fend off the fallout from the Middle East Respiratory Syndrome (MERS) outbreak. Last month, the Bank of Korea (BOK)'s Monetary Policy Committee voted to cut the base rate by a quarter percentage point, sending the policy rate lower by a total of 1 percentage point since August last year.
Production at joint industrial park rises 26 pct in Jan.-A..
Pyongyang threatens to cancel ex-S. Korean first ..
N. Korea urges S. Korea to send all rescued N. Ko..
Replacement parts soon to be approved for use in foreign v..
S. Korea unveils plan to boost exports
Biz circle voices concerns over minimum wage hike
BOK freezes key rate at record low
The Korea Interbank Offered Rates (KORIBOR)
Gov't releases book of interviews with Koreaphiles
Youngster scales great heights after conquer..
S. Korea extends gold medal lead with multip..
S. Korea exceeds gold medal target on..
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The Korea Times (http://www.koreatimes.co.kr)
July 9 local headline news
Ruling Saenuri Party floor leader Rep. Yoo Seong-min resigned Wednesday amid mounting pressure from President Park Geun-hye who slammed him for an act of betr...
4 in 10 to be elderly in 2060
If the low birthrate continues, four out of 10 Koreans will be age 65 or older in 2060. And Korea’...
NPS expected to vote for merger of Samsung affiliates
Samsung Group executives expressed optimism Wednesday that they will win support from the National Pension Service (NPS) for the proposed merger of Samsung C&...
Park loses more than gains
President Park Geun-hye may be adversely affected by the resignation of the party’s floor leader R...
Two additional MERS deaths reported
Two additional deaths from Middle East Respiratory Syndrome (MERS) were reported on Wednesday, the first in eight days, health authorities said.
US official may discuss THAAD
A senior U.S. official who has repeatedly hinted at the possible deployment of the Terminal High A...
'Economic reasons prevent Koreans having children'
Koreans have fewer children than they would like to, mostly for economic reasons, according to a study released Wednesday.
Air Force opens space intelligence center
The Air Force opened a space intelligence center Wednesday as part of efforts to develop its opera...
Shinwon chairman quizzed over tax evasion allegation
Prosecutors questioned Shinwon Group Chairman Park Seong-cheol on Wednesday over his alleged tax evasion and embezzlement.
Minister optimistic about achieving economic growth, conserving nature
SEOGWIPO - Minister of Environment Yoon Seong-kyu said Wednesday that nature conservation and econ...
No more piranhas found in Gangwon reservoir
No additional flesh-eating tropical fish was found in Maok Reservoir in Hoengseong, Gangwon Province, where four of such fish had been caught earlier, while a...
KEB loses amid labor objection to merger
Korea Exchange Bank (KEB) said Wednesday its time deposit reserves declined by 3 trillion won ($2.6 billion) over the past year as the bank’s union continues ...
LG Uplus faces probe by telecom watchdog
Korea’s telecom watchdog will investigate LG Uplus for allegedly failing to provide a discount guide for its users.
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The Korea Herald (http://www.koreaherald.com)
Korea settles minimum wage for 2016
The Minimum Wage Council decided to set the minimum wage for next year at 6,030 won ($5.30) per hour after weeks-long de...
BOK holds key interest rate steady at record low
South Korea's central bank on Thursday held the key interest rate steady at 1.5 percent for thi...
Instagram adds to trickle of info out of North Korea
Photo-sharing app Instagram has become a valuable source of insight into North Korea, as foreig...
Be fitter and better
“Three more to go!” “Fighting!” The cheers echo in the gym studio at Reebok CrossFit Sentin...
Obama holds talks with Vietnam party chief
U.S. President Barack Obama welcomed the leader of Vietnam’s Communist Party on Tues...
More leaks at DSC
Yet another Defense Security Command official has been caught passing on classified document...
Resorting to word play
The UNESCO added 23 industrial sites in Japan to its World Heritage list Sunday, after a 24-...
Hypnotist promises mix of fascination, fun
An expat stage hypnotist will demonstrate the mysteries of the mind in Seoul this month, while ...
Science chiefs to discuss inclusive growth in Korea
South Korea achieved fast economic growth from the rubble of the Korean War in just around half...
U.S. official due in Seoul over missile defense
Korea settles minimum wage for 2016
Gov't releases book of interviews with Koreaphiles
Production at joint industrial park rises 26 pct in Jan.-April
S. Korea raises minimum wage for 2016 by 8.1 pct
Mother’s corn looks to global market with corn-based tableware
BOK freezes key rate at record low
Gov't unveils steps to spur investment
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DongA Ilbo (http://english.donga.com)
Opposition party in twisted situation in appointing policy committee head
The main opposition New Politics Alliance for Democracy`s chairman Moon Jae-in and floor leader Lee Jong-gul reconciled. But seeds of uncertainty remain since the appointment of policy committee head who fine tunes...
A giant robot battle between US and Japan
After a dozen movie and TV robot fantasies, battle of giant robots are about to come to fruition. U.S. robot maker MegaBots issued the challenge via a YouTube video of its own on June 30 to Japanese robot-maker...
Court rules in favor of Samsung, Elliott loses again
Samsung was handed a win over Elliott at the second court battle on Tuesday, causing the U.S. activist fund`s claim that the merger is unlawful to lose more ground. Court ruled on whether Samsung C&T`s sale of 8.89...
Movie depicting Korea’s images soon after foundation discovered in Japan
The movie “Haeyeon” (1948), which showcases images soon after the foundation of the Republic of Korea, had been discovered in Japan and made public for the first time on Tuesday. The movie was made when the late...
Saenuri lawmakers to determine floor leader Yoo’s fate at general meeting
Internal feud within the ruling Saenuri Party over calls for its Floor Leader Yoo Seung-min’s resignation is facing a watershed. The Saenuri Party held an emergency meeting of its Supreme Council on Tuesday, and...
Hurdle star Michelle Jenneke gains popularity at Gwangju Universiade
“We also want to see her soon.” The athlete that volunteers and members of the organizing committee at the 2015 Universiad Games in Gwangju want to see more than anyone else is Michelle Jenneke, 22, a track and field...
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)
S. Korea to Age Ever More Rapidly
Statistics Korea in a report on Wednesday said the proportion of the world population aged 65 and over will increase from 8.2 percent in 2015 to 17.6 percent in 2060. In South Korea, the proportion will soar from 13.1 percent to 40.1 percent over the same period, second only to sparsely populated Qatar. >> Full Text
Overworked Koreans Fuel Sleep-Industry Boom
The growing number of Koreans suffering from various kinds of sleeping disorders has spawned a rapidly growing market in sleep-related goods. The bedding market in particular has seen rapid expansion with the release of innovative products. >> Full Text
Korea Exceeds Gold Medal Target for Universidae
Halfway through the Summer Universiade in Gwangju, Korea is still at the top of the medal table with 28 gold, 17 silver, and 14 bronze medals. Nine gold medals were added on Wednesday alone, bringing the gold medal tally equal to that of the 2011 Universiade in Shenzhen, China. >> Full Text
Missing Korean Found Dead in Philippines
Japan Fights Rearguard Campaign Over Forced Labor
Universities to Get Foreigner-Only Departments
N. Korea Adds Kim Jong-un's Face to Badges
Korea Adds 9 Gold Medals to Maintain Top Position at Universiade
NatGeo to Set Up Asia-Pacific Foundation in Seoul
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Hankyoreh Shinmoon (http://english.hani.co.kr)
CDC seeking revision of guidelines to require notification of the US bringing in dangerous pathogens
Public health body seeking stronger control measures after unauthorized shipment of anthrax came into South Korea
The Korea Center for Disease Control and Prevention (CDC), affiliated with the Ministry of Health and Welfare, stated that Status of Forces Agreement (SOFA) should be revised to require the US military to notify South Korea’s health authorities before bringing anthrax and other dangerous pathogens into the country, the Hankyoreh confirmed on July 7.
Pres. Park offloading her education pledge on local governments
Some of President Park Geun-hye’s signature education and welfare pledges - including free high school education and daycare for elementary school students - are in danger of coming to nothing after the government delegated them to local education offices without a source of funding. Even next year, the fourth year of Park’s presidency, there is little chance that money from the budget will be allocated for these projects. .
Basic pension a success, but elderly poverty still a serious problem
One year after the basic pension program was launched, recipients are highly satisfied with the program, a survey found. This illustrates just how important a role basic pension plays in welfare for the elderly. However, experts believe that reform is needed in a wide range of areas before real progress can be made in resolving elderly poverty. Basic pension provides a minimum of 100,000 won (US$88) and a maximum of 200,000 won (US$176) to people 65 years and above who fall within the lowest 70% of income earners. .
Galaxy S6 fails to have expected effect on Samsung‘s Q2 performance
On July 7, Samsung Electronics released its tentative Q2 performance results, posting 48 trillion won in revenue and 6.9 trillion won in operating profit. Revenue was up 2.6% and operating profit 15.5% from Q1 as the company continued a gradual uptick in performance since Q3 of last year. .
New book says Pres. Park likes animals, because they “don’t betray you”
“President Park said she liked watching ‘Animal Kingdom.’ Her reason was that ‘animals don’t betray you.’”As shockwaves continue to ripple through the political world after Park vetoed a bill that would have revised the National Assembly Act and attacked Saenuri Party (NFP) floor leader Yoo Seong-min with comments about “politics of betrayal,” .
Former President’s widow set to visit North Korea August 5-8
With Lee Hee-ho - widow of former president Kim Dae-jung (in office 1998-2003) and chair of the Kim Dae-jung Peace Center - receiving clearance to visit North Korea from August 5 to 8, there is growing interest in why the North approved her visit and how it will affect inter-Korean relations. .
S. Korea and Japan debate comments about being “forced to work”
No sooner did the UNESCO World Heritage Committee (WHC) agree to add Japanese forced labor facilities to its list of cultural heritages on July 5 than South Korea and Japan began squabbling over how to interpret comments about being “forced to work.” In both countries, people are criticizing the agreement as a diplomatic defeat. .
Same sex couple taking push for marriage to the courts
“This is a hugely important day for my husband and I, as well as for all LGBT people in South Korea. We will do our best to make the constitutional principle that all citizens are equal before the law to shine in the court.”On the afternoon of July 6, same sex couple Kim Jho Gwang-soo, 50, and Kim Seung-hwan, 31, held hands as they entered Seoul Western District Court. The court will be ruling on the first marriage papers submitted by a same-sex couple in South Korea. .
US missile industry running into limits, seeking overseas buyers
Various reports confirm a growing sense not only among the leaders of the US’s army and navy but also in the Missile Defense Agency (MDA) that the country’s current strategy for missile defense is running into limitations. Not only are sharp cuts in the defense budgets making it hard for the US military to cover the massive cost of developing and acquiring these weapons systems, but there are unanswered questions about their reliability.
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JoongAng Ilbo (conservative): (http://koreajoongangdaily.joinsmsn.com/)
Saenuri gives a shove, Yoo agrees to step down
Blue House refuses to comment; vote for new floor leader up in air
The 13-day war between President Park Geun-hye and the floor leader of the ruling party ended Wednesday with the resignation of the embattled chief negotiator for the Saenuri Party. “I am stepping down from my post as floor leader to uphold the will of the general assembly of lawmakers of the Saenuri Party,” Rep. Yoo Seong-min…
Rivals keep up drumbeat on merger
As a shareholder meeting to determine the merger between Samsung affiliates draws nearer, Samsung and U.S. activist hedge fund Elliott Associates…
Of tombs and posthumous names
Along the side of China National Highway 201 (G201), which passes Ji’an in Jilin Province, the summer mountains are lush and green…
Minimum wage talks teeter on brink
Unions and management are struggling to find common ground on how much to raise the country’s minimum wage. The gulf between them remained wide yesterday…
Food exports, still small, buck the fall in exports
Korean food could be a new export driver at a time when the current flagship exports have seen declines. Although the base is still small, exports of processed foods…
FDI at second-highest level for Q1 in five years
Korea’s foreign direct investment (FDI) during the first half of this year reached its second highest within the past five years, thanks to foreign mergers…
KCCI sanguine on prospects for 2015 worker raises
The human resources departments of Korea’s largest companies expect to offer an average 3.9 percent salary raise to employees this year…
UAE tops, Korea 4th in smartphone penetration
Although Korea’s ranking of smartphone penetration has fallen over the past two years, it still remains one of the leading countries in the number of users of the devices…
Spike in crimes by both teens, people retiring
The number of teens booked for crimes in Korea increased by more than 75 percent over the past decade, and the number of middle-aged criminals more than doubled…
Military sets up space data center
The Korean Air Force announced Wednesday that Korea had launched its first situation room for monitoring space data at its headquarters in Gyeryong…
Elderly predicted to surge by 2060
South Korea is forecast to be the world’s second-oldest country in 2060, due to declining birth rates and higher life expectancies, a government report said Wednesday.…
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Maeil Kyungje (neutral-oriented conservative, economic/business): (http://news.mk.co.kr/english/)
Wearable robot ‘HyPER’ development in full swing
A Maeil Business Newspaper reporter visited the practical robot research lab on the first floor of the venture innovation building in Korea Institute of Industrial Tec.. ...07.09 11:19
Samsung to offer TV trade-in
South Korea’s Samsung Electronics would go ahead with compensation sale for customers buying a large television model from July 10 to August 31.Samsung announced on W.. ...07.09 10:14
Saenuri whip resigns under pressure
Yoo Seong-min, floor leader of the South Korean ruling Saenuri Party, eventually resigned from his post on Wednesday. It has been 13 days since President Park Geun-hye.. ...07.08 18:02
Gov’t under fire for reckless project commissioning
South Korean central government and local governments are blamed for recklessly commissioning policy research and squandering taxpayers’ money. They were found to hav.. ...07.08 17:57
KT launches roaming charge alert service
KT Corp. said Wednesday it has launched an informative service for consumers to know their voice roaming charges and an automatic cutoff service when those roaming cha.. ...07.08 17:28
Countdown begins for selection of new duty free shop operators
The countdown has begun for the selection of three new duty free shop operators whose business is known to create up to 10 trillion won ($88 million) in sales. A pane.. ...07.08 17:09
English-version of Maekyung TEST conducted for the first time in Israel
South Korea’s ‘Maekyung TEST,’ a nationally accredited certification test to gauge the level of comprehension in business and economy, officially launched its Engli.. ...07.08 17:09
KAIST graduates found 1,200 startups
South Korean startups, including Naver and NanoEnTek, established by graduates of Korea Advanced Institute of Science and Technology (KAIST), hire 33,000 workers per y.. ...07.08 17:08
Mobile service for ‘silver surfers’
The number of South Korean cell phone users aged over 70 is on a sharp increase each year, according to the report ‘media usage of the retired’ released by the Korea.. ...07.08 15:02
7 in 10 workers in favor of salary peak system: poll
Seven out of 10 employees in South Korea felt the need for the introduction of a salary peak system, according to a survey. This means that the majority of employees a.. ...07.08 14:45
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The Kyunghyang Shinmoon (http://english.khan.co.kr/)
[Editorial] Is South Korea's Economy Samsung Electronics??
Yesterday Samsung Electronics announced its earnings guidance for the second quarter of 2015. Although it falls short of market expectations, Samsung is ···
Dolls Instead of Bouquets at Medal Ceremony: 'Frugal Universiade Games'?
There are no bouquets at the awards ceremony of the 2015 Summer Universiade currently being held in Gwangju. Athletes who won medals receive "Nuribi" a···
?'Request Legal Recognition of Same-Sex Marriage' The Trial of Kim-Jho Gwang-soo and His Partner: The Couple Attends Wearing Rainbow Badges
On July 6, a trial for the legal recognition of same-sex marriage was held for the first time in South Korea. This afternoon, the Seoul Western District Court h···
?[Editorial] Ruling Party Betrays the Sovereign People by Boycotting a Parliamentary Session
A second vote on the National Assembly Act amendment, which President Park Geun-hye vetoed, never took place. Yesterday, the National Assembly held a plenary se···
?[Japan States 'Forced Labor' in Description for World Heritage Site]For the First Time Japan Acknowledges and Documents Forced Labor at Opposition from International Community Including South Korea
On July 5, the modern industrial facilities of Japan's Meiji era were inscribed as a UNESCO World Heritage Site. A description stating that foreigners, includi···
[Editorial] Is the Saenuri Party Giving up Its Role as a Political Party to Become Park Geun-hye's Party?
The Saenuri Party finalized its decision to boycott today's parliamentary session during which the lawmakers will take a vote on the revised National Assembly ···
[Editorial] Who Would Believe the Results of the Sung Wan-jong Investigation So Faithful to the President's Instructions
Sung Wan-jong, former chairman of Kyungnam turned the country upside down after revealing how he had bribed politicians in an interview with the Kyunghyang Shin···
Women According to 2015 Statistics: Women Work 14 Minutes More and Rest 18 Minutes Less Per Day?
* Time spent on housework differs according to marital status: the female population overtakes the male population ?The female population has s···
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The Korea Economic Daily (http://english.hankyung.com/)
BOK Keeps Interest Rate Unchanged in July Meeting
The Monetary Policy Committee of the Bank of Korea has decided to keep the benchmark interest rate unchanged in its July meeting. It was widely interpreted as a wait-and-see policy stance as the government just announced a revised supplementary budget to stimulate the flagging economy hit hard by ME...
SK Hynix to Invest 407 Bil. Won in Safety Measures by 2017
SK Hynix will invest 400 billion won in added safety measures for its production sites for the next three years. The memory chip manufacturer said on July 8 that it would spend 407 billion won by 2017 on the safety budget, following an investment of 123 billion won this year. As part of the initiati...
Combined Market Cap Share of Samsung and Hyundai Falls to Record Low
The market capitalization of Samsung Electronics and Hyundai Motor, the two largest caps in the KOSPI market, has fallen to a record-low level since September 2011. According to the Korea Exchange on July 8, the share of Samsung Electronics' market value (182,503.9 billion won) in total at the close...
Hyundai Motor Recalls 120,000 Sonata Vehicles in North America
Hyundai Motor announced on July 8 that it will recall about 140,000 units of Sonata vehicles in the United States and Canada due to the front seat safety belt buckle malfunction. The vehicles subject to the recall are 2015 Sonata models produced between April 25 and December 4, 2014. Hyundai Motor n...
Kidult Market Expands to Include Middle-aged People
Once being confined to those in their 20s who still like to play with things like toys, the “Kidult” market is expanding to include middle-aged people in their 30s and 40s. Kidult is a word coined by combining two different wordskids and adults. It means a consumer preference toward nostalgia-ins...
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AJU Business Daily (http://eng.ajunews.com/korea)
South Korea keeps base rate unchanged at record low of 1.5%
South Korea's central bank Thursday froze its benchmark interest rate for July at a record low of 1.5 percent. Last month, the Bank of Korea (BOK) slashed the base rate by a quarter percentag…
Solar-powered wire/wireless charger for smartphones
A citizen uses a solar-powered wire/wireless charger for smartphones on the "art bench" at a bus stop in front of the Sejong Center for the Performing Arts in central Seoul, Tuesday. The service is pr…
Negotiations on minimum wage resume
A young person holds a signboard calling for raising South Korea's mandated minimum wage to 10,000 won per hour in front of the Bosingak Bell Pavilion in Jongno-gu, central Seoul, Monday. After th…
Cooling off at pool
South Korean children enjoy playing in the water at an outdoor swimming pool in Mullae-dong, Yongdungpo-gu, Seoul, Sunday as they attempt to cool off on a hot day. The temperature reached around 30 de…
South Korean troops on UN peace-keeping mission in South Sudan
Members of the South Korean contingent Hanbit Unit play with children in the town of Bor, about 170 kilometers north of the South Sudanese capital of Juba, July 3 (local time). The 290-member unit, mo…
Samsung Electronics' operating profit falls 4.03% on-year in 2nd quarter
In a preliminary earnings forecast Tuesday, Samsung Electronics, the world's top smartphone maker, put its operating profit for the second quarter of this year at 6.90 trillion won (approximately …
'Hurt Locker' title track of K-pop girl group 9 muses' new album
' Members of the K-pop girl group 9muses poses for photographers during a showcase for the group's "special summer" album, titled 9MUSES S/S EDITION," at Club Ellui in Gangnam-gu, sout…
South Korean quick reaction force soldiers in South Sudan
Quick reaction force (QRF) soldiers of South Korea's "Hanbit" Unit conduct exercises in its base in Bor, about 170 kilometers north of the South Sudanese capital of Juba, Friday (local time). The …
Prospective homebuyers pack show house of apartment complex in Songdo International City
Prospective homebuyers pack a show house, also called a model home, of the "Sondo The Shop Central City" apartment complex to be built in Songdo International City, Incheon, west of Seoul, Sunday. The…
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ETNEWS (http://english.etnews.com/)
World’s First App That Predicts Lung Cancer Relapse Was Developed By Korean Technology
Seoul National University Bundang Hospital developed world¡?s first application based on Big Data that predicts lung cancer relapse. Medical team can simply dow...
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[Looking At Future Technologies Through Patents] What Innovative Technology Is Apple Preparing For?
It seems that technology that Apple is really concerned about is ¡®voice recognition and audio signal process¡? field because ¡®Self-Citat...
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There Won’t Be Language Barriers At 2018 Winter Olympics In Pyeongchang
Korea and Japan are competing for leadership in ¡®Olympics without language barriers¡?. Korean and Japanese industry and research worlds are competing...
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Large IT Services Choose Distribution And Energy As Their New Growth Power
Large IT service companies chose new growth power to break into stagnant market and are out to preoccupy markets. Distribution and energy businesses are major new growt...
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Samsung Electronics Releases SUHD TV That Is Worth About 1,775 Dollars…Strengthens Masstige Strategy
As Samsung Electronics puts out ¡®SUHD TV¡? model that is worth about 1,775 dollars (2 million KRW), it is spurring in preoccupying premium market. ...
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