Aug. 4, 2015

The Korean daily media headlines and humor

Tuesday, Aug. 4, 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 notices:

Invitation to Gyeongju Silk Road Culture Expo

I am pleased to inform Your Excellency that Governor Kim Kwan-yong and Mayor Choi Yang-sik of Gyeongju City cordially invite Your Excellency and Madam to attend the Opening Ceremony of the Gyeongju Silk Road Culture Expo on Friday 21 August 2015, which includes a drama on the noted ‘Korean Buddhist Monk Hyecho’s Pilgrimage and Tour of India and the Middle East’ in the 8th Century and a tour of the Gyeongju Museum and Yangdong Korean Folk Village

Now preserved at the Paris National Museum in France, the rare hand-written book by Ven. Hyecho features various strange customs of living, which include ‘Men and women living stark-naked,’ ‘Tribal community where the brothers share one woman,’ ‘Cooking rice in a clay pot’ and ‘Tribes having no sauce but only salt.’
Earlier in May this year, over 60 ambassadors and other senior diplomats attended the prelude event ‘Gyeongju Student Silk Road Festival’ when the drama featured the “Love Story of Silla Princess and Iranian Prince.’ The Main Gyeongsu Silk Road Culture Expo (unlike the prelude student event) has many interesting programs extremely attractive to the Ambassadors and Madams.

As in the case of the previous (student) festival, deluxe KTX Train will be used between Seoul and Gyeongju.

A formal letter of Invitation will be faxed and emailed to Your Excellency today.

Just in case of our possible transmission failure, our contact phone numbers are:

Regular phones: 2298-1745/6, 2298-1740/2

Mobile phones: Ms. Kim at 010-3388-1682 (Korean), David Chung at 010-3481-1101 (English) or Chairman Lee at 010-5201-1740.

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Inviation to 2015 Namyangju Slow Life Planet (International Festival)

Introduce the traditional food and beverage of your country to the world as well as to Korea at Namyangy Slow Life Festival Oct. 8-17, 2015

(Please share the information with Madam.)

The Korea Post is supporting the 2015 Namyangju Slow Life Planet Festival on October 8-17, 2015, and publishes a Special Report on the Traditional Dishes of all the different countries of the world in its August, September and October issues this year in all its five media units, three in English and two in the Korean language. It consists of introducing:

1. The table-setting of each of the 60 different countries

2. The world food show

3. Invitation of the ambassadors and madams to the opening ceremony on October 8, 2015.

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.

/news/view.html?smode=&skey=Culture&x=19&y=13&section=162&category=182&no=985

Please boast the wonderful foods and beverage as shown in the above article!.

For participation and further details, please call 010-3388-1682 (Korean) or 010-5201-1740 English.)

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Today’s humor:

Hankuk Kyungje

Psychiatrist

“I see you were last employed by a psychiatrist,” said the employer to the applicant. “Why did you leave?”

“Well,” she replied, “I just couldn’t win. If I was late to work, I was hostile.

If I was early, I had an anxiety complex. And if I was on time, I was compulsive.”

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

Park Urges Abe to Uphold Murayama, Kono Statements

President Park Geun-hye has expressed hope that Japanese Prime Minister Shinzo Abe will clearly uphold his predecessors' landmark apologies in his own...

Murayama Criticizes Abe over Security Bills

Consumer Prices Grow 0.7% on Year in July

Unification Minister Meets Former First Lady ahead of N. Korea Visit

Park Urges Abe to Uphold Murayama, Kono Statements

S. Korea to Send Oceans Minister to Opening of Egypt's New Suez Canal

Presidential Office Remains Against Tax Increases

Consumer Prices Grow 0.7% on Year in July

Law Eases 1-man Biz Qualifications to Extend Benefit Eligibility

Online Sales Surge in June amid MERS Outbreak

N. Korea Officially Invites Former First Lady

S. Korea to Assess N. Korea's Water Resources

Inter-continental Train Brings Hopes of Korean Unification to Berlin

S. Koreans Allowed to Enter Chinese City of Harbin Visa-Free for 3 Days

Average Height of Male Adults in Seoul Grew 10cm over 50 Years

WWII Prison Guard Testifies to Japan's Wartime Sex Slavery

Samsung Medical Center Resumes Normal Operations

First Korean Exhibition to be Held at

Street Art Festival to be Held in Downtown

Cruise Ships Returning to Busan as MERS

SK Telecom to Build LTE Network for Sea Service

Two Weeks of Sultry Heat Follows Monsoon

Korea Post to Introduce Five-Digit Zip Code in August

S. Korea Bags 6 Golds at Archery Worlds in Denmark

Golfer Park In-bee Wins Women's British Open, Seals Career Grand Slam

Park In-bee Confirmed as Winner of Rolex Annika Major Award

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

S. Korea's consumer prices edge up 0.7 pct on-year in July

South Korea's consumer prices grew less than 1 percent for the eighth month in a row in July, a government report showed Tuesday, as Asia's fourth-largest economy grapples with deflation concerns.

The country's consumer price index inched up 0.7 percent last month from a year earlier, the report by Statistics Korea showed.

Ruling party lawmaker summoned over alleged sexual assault

A ruling party lawmaker has been summoned for questioning over a sexual assault allegation, police said Tuesday.

S. Korea's air traffic drops in July on MERS impact

South Korea's air traffic slipped in July from a year ago due mainly to a plunge in international passengers amid concern over the Middle East Respiratory Syndrome (MERS) outbreak, industry data showed

Hyundai, Kia log 7 pct rise in U.S. sales last month: data

Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. saw their sales in the U.S. grow nearly 7 percent on-year in July thanks to strong demand for their flagship models, industry data showed Tuesday.

S. Korea reports no additional MERS cases for 30th consecutive day

South Korea reported no additional cases of Middle East Respiratory Syndrome (MERS) for the 30th consecutive day on Tuesday, with the number of people diagnosed with the disease remaining flat at 186.

Ruling party lawmaker summoned over alleged sexual assault

Tuesday's weather forecast

S. Korea not to ask ex-first lady to deliver gov'..

S. Korea, U.S. well equipped to detect N. Korean missile d..

Regional powers to meet in Malaysia as N. Korea def..

S. Korea reports no additional MERS cases for 30th ..

S. Korea's tire imports up 10 pct in H1: data

S. Korea's air traffic drops in July on MERS impact

S. Korea's consumer prices grow 0.7 pct in July

Hyundai, Kia log 7 pct rise in U.S. sales last month: data

Pirates' Kang Jung-ho named National League's top r..

LPGA star Park In-bee says she's learned from failure

Korean film 'Assassination' tops 7 mln viewer mark

Pirates' Kang Jung-ho named National League's top rookie f..

Wonder Girls says its rock band concept permanent

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

Lotte chief vows to hold onto job

Shin Dong-bin, the youngest son of Lotte Group founder Shin Kyuk-ho, made it clear Monday he will hold onto the group’s operations both in Korea and Japan. Upon returning from Japan, he issued an apology for the family feud engu...

Korea has more low-wage earners

One in seven Korean workers is paid the minimum wage or less, making it among the worst offenders in the Organization for Economic Cooperation and Development (OECD) for low pay. In its Employment Outlook 2015 report, the OECD s...

Samsung to set up foundation 

Samsung Electronics said Monday that it will spend up to 100 billion won to create a foundation fo...

Unions decry layoff guidelines 

A set of proposed government-initiated guidelines outlining conditions under which workers that are negligent or perform poorly could be laid off is drawing p... 

Top six nuclear diplomats to meet this week 

The foreign ministers from six countries involved in the North Korea denuclearization talks will g... 

Military World Games to feature unique sports 

Some 8,700 soldiers from about 100 countries will gather in Mungyeong, North Gyeongsang Province, ...

NongHyup Financial considers M&As in Indonesia, Myanmar 

NongHyup Financial Group is considering acquiring banks in Indonesia or Myanmar as it seeks to expand into global markets amid low growth and low margins in K... 

'Korean sex slaves were everywhere' 

A Korean who worked as an employee of the Japanese military during World War II testified that the... 

NK threatens attack on leaflet senders 

North Korea threatened to attack South Korean activists, Monday, for sending anti-Pyongyang leafle...

Woman arrested for swindling Koreans in Mexico 

Police have arrested a woman who allegedly swindled 26 Koreans in Mexico out of 1.3 billion won while organizing a private fundraising group.

Chief of Woori sale committee prefers Middle East sovereign fund 

The head of the Public Fund Oversight Committee (PFOC) said Monday he hopes a sovereign fund from the Middle East will buy a stake in Woori Bank for a long-te... 

'Aeroport Mille Plateaux' offers tourism of absurd 

The summer holiday season is at its peak and the city is rather calm as many people have left on v... 

Finance minister acts imprudently 

Finance Minister Choi Kyung-hwan, a lawmaker from the ruling Saenuri Party, is taking flak for rem... 

T-ara is back with 'Totally Crazy' 

The long waited return of the girl group T-ara has ended.

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

Lotte chairman strives to soothe citizens over feud

Lotte Group chairman Shin Dong-bin on Monday met with group founder and general chairman Shin Kyuk-ho at Lotte Hotel in ...

Saenuri Party leader stirs the pot in U. S.

Ruling Saenuri Party chief Rep. Kim Moo-sung, appeared to be having a heyday in his stay in the...

Samsung Pay in the offing

Tech giant Samsung Electronics is putting the last touches on its Samsung Pay mobile payment sy...

British photographer captures life inside North Korea

Life inside the reclusive North Korean society has remained a mystery to the people outside. To...

Park In-bee wins British Open for seventh ma...

As Park In-bee hunted down Ko Jin-young in the final stretch of the Women‘s British Open, it quickly bec...

Golf lessons

Golfer Park In-bee achieved a career grand slam by winning the Ricoh Women’s British Open e...

Family feud

It is a story that is familiar to Korean drama viewers. Scions of an imaginary chaebol famil...

Korea tops ratio of underpaid workers in major economies

About 1 in 7 workers in South Korea is paid the legal minimum wage or less, the highest rate am...

Give education back to schools’

GEOCHANG ― Last month, the Education Ministry rolled out an ordinance on promotion of “charac...

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DongA Ilbo (http://english.donga.com)

Park In-bee achieves ‘career Grand Slam’ through amazing putting

Watchers are expressing numerous opinions about Park In-bee’s achieving of her "career Grand Slam." Golf Channel, the U.S. cable channel devoted to golf, said on Monday, “The phrase “Grand Slam” originated in card... 

President Park spends vacation studying policy reports

President Park Geun-hye has resumed her official duty Monday by meeting with Katsuya Okada, leader of Japan`s opposition Democratic Party, after taking a five-day vacation. Officials at her office Cheong Wa Dae say that...

Domestic sales of Hyundai and Kia increase in July driven by SUVs

Domestic sales of Korea’s top four car makers, excluding Korea GM, increased in July from a year earlier, as sports utility vehicles and mini vans continued to gain popularity among Korean drivers. However, other...

Wife of Korean diplomat in Rwanda dies of endemic disease

The wife of a young Korean diplomat working in Africa died of an endemic disease. The foreign affairs ministry said Monday, “The wife of Counselor Ahn who is working at the Korean Embassy in Rwanda passed away.” The...

Newlywed Korean star couple expects a baby

After having a humble but beautiful wedding ceremony on the wheat field of Jeongseon-gun in Gangwon Province at the end of May, the newlywed Korean star couple, actor Won Bin and actress Lee Na-young are expecting a...

Japanese TV drama tops in viewership rating for 15 years

Few soap operas exceed double digits in viewership even in the U.S., the hub of seasonal drama series. As a series continues season after season, similar stories are also repeated, which brings down its viewership. In...

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)

Medical Tourists Return After MERS Scare

Medical tourists are arriving in Korea again after the Middle East Respiratory Syndrome scare ended. The UAE government decided on July 21 to resume sending patients to Korea, the Ministry of Health and Welfare here said. >> Full Text

How to Burn Calories for a Trimmer Summer Body

Dieting has become a self-imposed seasonal obligation for many as the summer prompts them to get in shape for skimpier clothing and the beach. But in fact there are better ways than starving yourself. >> Full Text

Lotte Owner Family Feud Sends Shares into Tailspin

Shares of Lotte Group affiliates took a nosedive on Monday as a bitter family feud over control of the retail empire showed signs of dragging on. Competition for control typically acts as a share price catalyst, but Lotte's case is different since its parent company is based in Japan. >> Full Text

Kim Dae-jung's Widow Announces Entourage for N. Korea Trip

Kim Jong-un Wins Indonesian Statesmanship Award

Cross-Border Universities Aim for Joint Research

N. Koreans Deface U.S. Flag in Air Combat Show

Hyundai Among 20 Automakers Fined in Spain

Special Olympics Draws to a Close

Korea Beats China 2-0 to Start East Asian Cup

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

[Reportage] Seeking a ‘correction’ in the rough waters off of Dokdo

70 years after liberation, S. Korea is caught in another escalation of military friction among neighbors

Day broke on Dokdo. Capped with white froth, the rough breakers surged over the pier on Dongdo, the east islet.“It doesn’t look any boats will be able to dock today,” said a guard who was holding a K2 assault rifle and watching the waters to the southeast. His expression and tone of voice were nonchalant. This nonchalance resulted from enduring the daily weather on Dokdo,

US F-35B fighter jet to be deployed in Japan in 2017

The F-35B, a fifth-generation US fighter aircraft with advanced stealth capabilities, has achieved initial operational capability for combat deployment and will be deployed to Japan in 2017.It will be the first time the fighter has been deployed outside the US. The US Marines announced the news in a July 31 statement on their website. .

North Korea has announced it will not be participating in the CISM Military World Games in Mungyeong this October.

The South Korean Ministry of National Defense announced on Aug. 2 that North Korea had sent a July 31 message to the International Military Sports Council (CISM) in the name of the Korean People’s Army athletic guidance committee informing it that it would not be attending the event in the North Gyeongsang Province city. It did not give a reason for not attending. .

S. Korea, France and Japan cooperate on new animation program

What kind of differences can be expected when South Korea, Japan, and France work together? The Educational Broadcasting System (EBS) plans to air the new animation program “Miraculous Ladybug” Tuesdays at 7 pm from Sept. 1. The show is a co-production by leading animation studios in the three countries, with Zagtoon and Method Animation participating from France, Toei Animation from Japan, and SAMG Animation from South Korea. .

NIS leaked security details in apparent attempt to distract from their illegal spying

After previously blasting allegations that the National Intelligence Service (NIS) monitored civilians as “risking our own security,” the agency and ruling Saenuri Party (NFP) have leaked security details beneficial to themselves over the past few days. The opposition blasted the party on July 31 as “the real ones hurting security and breaking the law.”Lee Jong-kul, floor leader for the opposition New Politics Alliance for Democracy (NPAD), attacked the Saenuri Party over the leaks .

Kim Moo-sung says he’s not yet qualified to be president

Kim Moo-sung said on July 30 that he does not yet see himself as “qualified to be a presidential contender.”The leader of the ruling Saenuri Party and early 2017 front-runner delivered the self-assessment during his visit to the US this week.“I asked them to take my name out, and I’m embarrassed that they didn’t,” Kim said when asked about opinion polls ranking him as the top prospect in the 2017 presidential elections during a meeting with South Korean correspondents in New York City. .

Photographs show Koreans toiling in wartime South Pacific

“Have you heard about the Korean prisoners of the South Pacific?”Photographs of Koreans drafted to work or serve in the military on South Pacific islands during the Japanese occupation were recently unearthed. The pictures, which were acquired by the National Institute of Korean History (NIKH) from the US National Archives, were taken by US troops after occupying the islands in a battle with Japanese forces between 1943 and 1944. .

FedEx says no more shipments of anthrax samples

FedEx has said it is no longer willing to ship anthrax after a controversial delivery to a US Forces Korea base earlier this year. The federal government’s United States Postal Service (USPS) and the United Parcel Service (UPS) also said they would not ship samples, international news outlets reported.

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JoongAng Ilbo (conservative): (http://koreajoongangdaily.joinsmsn.com/)

Park takes British Open, and slam

Now some people call her “Win-bee.” The world’s top-ranked woman, Park In-bee, became the first Asian golfer to claim an LPGA career Grand Slam after winning the Ricoh British Women’s Open on Sunday. At Turnberry Resort in Scotland, Park shot a 7-under 65 in the final round to finish the season…

Lotte’s dueling father, son meet face-to-face

Shin Dong-bin, who ousted his own father as leader of the Lotte Holdings last week in Tokyo, returned to Seoul on Monday…

Lawmaker quits Saenuri Party over sex scandal

A lawmaker accused of raping a middle-aged woman in a hotel last month and giving her 300,000 won ($257) in cash quit the ruling Saenuri Party on Monday,…

Current account sees record surplus

Korea saw its highest-ever monthly current account surplus in June, Bank of Korea data showed on Monday…

Park, Japanese opposition head hopeful for talks Katsuya Okada, the president of Japan’s opposition Democratic Party, conveyed during a meeting Monday with President Park Geun-hye,…

MERS triggers a spike in June online retail sales

Online retail sales in Korea jumped 26 percent in June from a year earlier, and shopping on mobile phones surged nearly 80 percent,…

Mortgages jumped by 3 trillion won in July

The outstanding balance of mortgage loans at seven major commercial lenders increased by more than 3 trillion won in July, data compiled from banks showed…

Park, Japanese opposition head hopeful for talks

Katsuya Okada, the president of Japan’s opposition Democratic Party, conveyed during a meeting Monday with President Park Geun-hye,…

Seongnam uses young talent to boost business

The municipal government of Seongnam, Gyeonggi, has scheduled a number of independent bands to perform in areas around Sinheung-dong…

New details come to light in high school assault investigation

The local education authority has unveiled new information in an investigation regarding sexual misconduct allegations against a public high school principal …

Weight-loss supplement sold online can be fatal

The Korean government Monday said a dietary supplement made in the United States and sold on the Internet contains a compound…

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Maeil Kyungje (neutral-oriented conservative, economic/business): (http://news.mk.co.kr/english/)

1 in 7 S. Korea workers paid below minimum wage: report

One out of seven South Korean employees was paid less than what the law requires, a recent report showed. The figure is the highest among 20 Organization for Economic .. ...08.04 10:45

Tax watchdog zeroes in on Lotte Group for fund flows

A paramount concern surrounding the Lotte Group’s family feud has now shifted towards who will win managerial control of Lotte Group in Korea. The management struggle.. ...08.03 18:02

Lotte Group chief Shin Dong-bin says his father’s dismissal order invalid

A week-long battle between the two sons of Lotte Group has now entered a new phase with the return of Lotte Group chairman Shin Dong-bin. The chairman lowered his head.. ...08.03 17:38

Jeonju Paper suspends factory operation

Jeonju Paper, South Korea’s leading newsprint producer with a 50-year history, suspended operating its factory during summer vacation period in the aftermath of econo.. ...08.03 17:17

Samsung’s innovative printer: No connection to smartphone

Samsung Electronics is to develop a solution which allows for printing without connecting a smartphone or PC to a printer. The feature will be embedded into the existi.. ...08.03 15:10

Samsung heir on track to scale up bio business

Lee Jae-yong, vice chairman of Samsung Electronics, is aggressively nurturing the bio business. Samsung Group selected businesses of bio pharmaceuticals, electric veh.. ...08.03 14:38

Gov’t vows crackdown on wedding industry

The Ministry of Gender Equality & Family will tighten its grip on the malpractice in the wedding industry, which adds the financial burden on soon-to-be married couple.. ...08.03 11:09

Financial industry jobs dwindle 60,000 in one year

As the financial industry including banks, brokerages and insurers grappling with sluggish earnings hired few new employees, its contribution to job creation hit a rec.. ...08.03 11:03

Gov’t to map out dismissal guideline

The Korea Labor Institute released a report about the examples and analysis of underperforming employees, which would provide a basis for setting an ‘ordinary dismiss.. ...08.03 10:36

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The Kyunghyang Shinmoon (http://english.khan.co.kr/)

Professor Kim Soo-haeng, the Godfather of Marxist Economics and Also the First to Translate the Complete Das Kapital Passed Away

"People who say that the capitalist society is everlasting or the people who witness the fall of a 'real socialist' society (socialism that actually existed ···

[Editorial] Will Kim Moo-sung Guard Vested Interests by Reducing Proportional Representation?

Saenuri Party leader Kim Moo-sung currently visiting the United States said, "The general opinion of our party is to maintain the current three hundred seats b···

?Labor Reforms, Still a Long Way to Go: Ruling and Opposition Parties Engage in a Battle of Nerves over 'Direction and Speed

'?The ruling and opposition parties are engaging in a battle of nerves over the direction of labor market reforms, which the Park Geun-hye government prese···

?Was the Geumgwanchong Ancient Tomb in Gyeongju for King Isaji??

It appears the Geumgwanchong Ancient Tomb in Gyeongju, which was speculated to be the tomb of the king or senior ruler of Silla more than 1,500 years ago···

U.S. Secretary of State Kerry Too Busy: Kim Moo-sung Meets Assistant Secretary

On July 28 (local time), Saenuri Party leader Kim Moo-sung (64), currently visiting the U.S., urged the U.S. State Department to "exert influence so that Japan···

Intellectuals Criticize Abe's 'Backward Interpretation of History' and Call for Citizen-led Movement for a 'Peaceful Future'

If the joint statement released by South Korean and Japanese intellectuals in 2010 cited how the Korea-Japan Treaty of 1910 was originally invalid, the statemen···

[A Prince Revolts at Lotte] Eldest Son and Father Fly to Japan for a 'Coup d'etat,' which Ended as a One-day Rule due to Younger Son's Counterattack

Lotte Group is engulfed in a battle of brothers over the succession of the management of the group. The second son of Shin Kyuk-ho--founder and executive chairm···

[Government Declares End of MERS] Government Evades Responsibility, Covers up 'Incompetence and Lack of Communication' and Rushes to 'Conclude' MERS Outbreak

The outbreak of the Middle East respiratory syndrome (MERS), which paralyzed the South Korean society for seventy days, has ended with the government's declara···

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The Korea Economic Daily (http://english.hankyung.com/)

June Current Account Surplus Reaches $12 Bil.

Korea's current account balance was a surplus in June 2015, continuing a surplus rally for 40 consecutive months. According to a report "June 2015 International Balance of Payments (Preliminary)," the current account surplus for the month was US$12.19 billion, up 41.4 percent from the previous month...

Global Car Makers Report Sluggish Sales in First Half

Global car makers reported sluggish sales performance in the first half of this year due to the global economic slump. According to industry sources on August 3, Toyota, which ranked No. 1 in sales terms among global auto makers last year, sold 5.02 million cars in the first half of this year, down ...

Samsung Electronics Suffers 40.4% Decline in Laptop Sales in 2Q

HP regained the No. 1 spot in the global laptop computer market ahead of its split into two unitsHP (printer and PC business) and HP Enterprise (corporate hardware and service business) scheduled on November 1 this year. According to IT market research firm Trend Force on August 3, HP grabbed a shar...

Shilla Duty Free Enjoys 20% Growth despite MERS Crisis

Despite the Middle East Respiratory Syndrome (MERS) crisis, Shilla Duty Free Shop enjoyed more than 20 percent growth in sales in the second quarter of this year, although its operating profit fell 5.4 percent. The Hotel Shilla’s duty-free business posted sales of about 766.6 billion won in the sec...

Kia Motors Rolls out “2016 Sorento”

Kia Motors released the 2016 Sorento on August 3, which features a great improvement in product value. The 2016 Sorento came in one year after Kia Motors released the new Sorento in August 2014. The 2016 Sorento features the expansion of the adoption of safety and convenience specs, while adding an ...

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AJU Business Daily (http://eng.ajunews.com/korea)

Praying for children's success in upcoming College Scholastic Ability Test

Parents pray for their children’s success on the state-run College Scholastic Ability Test (CSAT) for college-bound students at Jogye Temple in Jongno-gu, central Seoul, Sunday, about 100 days before …

Myeong-dong crowded with groups of tourists

Foreign tourists pass by shops in Myeong-dong, a popular shopping district in Seoul, the capital of South Korea, Sunday, five days after the government declared a de facto end of the Middle East Respi…

?Confidence among S. Korean small firms remains dismal for MERS outbreak

Confidence among South Korean small businesses remained dismal on concerns that the outbreak of Middle East Respiratory Syndrome (MERS) would continue to dent domestic demand for the time being, data showed Tuesday. The Small Business Health Index…

Gwageo national exam reenacted

A man wipes sweat off his face during a reenactment of the gwageo, the national civil service examination under the Goryeo (918-1392)and Joseon (1392-1910) kingdoms of Korea, at Sungkyunkwan Universit…

Montblanc's Luciano Pavarotti Limited Edition 98 available for purchase in Seoul

A model poses with German pen manufacturer Montblanc's Luciano Pavarotti Limited Edition 98 in memory of the late Italian operatic tenor, one of the most commercially successful tenors of all time…

Let's help children build healthy eating habits!

Children poses with "yeonip bap," or lotus-leaf-wrapped rice, a dish they made during a year-round program to help build healthy eating habits at the Rice Museum of the National Agricultural Cooperati…

Consumer spending rises after MERS

Lotte Department Store in Sogong-dong, central Seoul, is crowded with shoppers on Wednesday after the government declared the de facto end of the Middle East Respiratory Syndrome (MERS) crisis. Lotte,…

'Fun Fun Art Train' on Seoul subway line 3

An artwork is on display in a "Fun Fun Art Train' on Seoul subway line 3 on Tuesday. Works by artists, actors and children are put on display in the train which will operate until late August exce…

South Korean trot singer Lee Mi-ja to hold free concert in Tokyo Aug. 15

South Korean trot singer Lee Mi-ja will hold a concert in Japan next month to mark the 70th anniversary of Korean liberation from Japan's colonial rule in 1945, a news report said Wednesday. Th…

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ETNEWS (http://english.etnews.com/)

Samsung Surpasses LG For The First Time In Drum-Type Washing Machine In The U.S.

Competition between Samsung Electronics and LG Electronics is getting fierce in American market where it is the biggest battlefield for home appliance industry. Samsu...

Key Men From Korea’s Acquired Startup Are Moving To Silicon Valley

Global mobile advertisement platform company called Tapjoy announced on the 29th that CEO Lee Chang Soo and 4 development members from Korea mobile analysis company cal...

Samsung Is Operating 10-Nano MPW And Enhancing 14-Nano…Also Speeding Up FinFET Foundry

Samsung Electronics is speeding up its 10 nm-level foundry business and it is enhancing its current 14-Nano process. It is also raising transference number and chip f...

LG Uplus Succeeds In Demonstrating Massive MIMO…It Is Able To Transfer Data Up To 1000 Times More Than LTE

Commercialization of next-generation network technology, which is possible to send data up to 1000 times more than Gen 4 Mobile Communication LTE (LTE48), is approachi...

Era Of OLED TV Has Finally Came…LG Increases Twice Of Its Product Line And Decreases Its Price

LG Electronics greatly increased number of product line of OLED (OLED176) TVs. LG Electronics is releasing 5 kinds from 4 series of OLED TVs in Korean market in o...

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