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The Korean daily media headlines and humorAug. 5, 2015
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The Korean daily media headlines and humor

Wednesday, Aug. 5, 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:

HYANGDAN HOUSE IN YANGDONG FOLK VILLAGE IN GYEONGJU?One of the biggest traditional Korean tile-roofed houses of the nobility in the Joseon Dynasty. It is located at the entrance of the Yangdong Folk Village in Gyeongju City. Hyangdan was built in 1543 and was designated as the 412th Treasure on Nov. 14, 1964. Hyangdan was the house of Governor Yi Eon-jeok of the Gyeongsang Province during the Joseon Dynasty. Yi had the house built for his younger brother, Yi Eon-jeok, who looked after his ageing mother in his place because he could devote himself to serving the King. Hyangdan, therefore, stands for good brotherly relations, filial piety for parents and loyalty to the king. Yangdong Village was designated as the 189th Important Folk Relic on Dec. 20, 1984 as an upper class community. Hyangdan is one of the main tourist destinations for the ambassadors and spouses during their visit to Gyeongju on the occasion of the Gyeongju Silk Road Expo on Friday 21, August 2015.

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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 Hyechos 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.

Story and photos on Yangdong Folk Village: /news/view.html?section=162&category=182&no=1019

Story and photos on famed Buddhist Monk Hyecho:  /news/view.html?section=162&category=182&no=1020

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 Years 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 Years Day and Songpyeon (stuffed small rice cake in a half-moon shape.

/news/view.html?smode=&skey=Culture&x=19&y=13ion=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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Todays humor:

Hankuk Kyungje

Hooked Golf Ball

The fairway ran along a road fenced off on the left. The first golfer teed off and hooked the ball.

It soared over the fence and bounced onto the street, where it hit the tire of a moving bus and bounced back onto the fairway.

As they stood in amazement, one of his partners asked, Wow! Quite a feat. How did you do that?

You have to know the bus schedule, the golfer said proudly.

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

Gov't Expands Liberation Day Weekend to Spark Festivities

Anchor: Next Friday has been designated as a one-time national holiday as the following Saturday marks the nation's 70th Liberation Day. Various events, like...

Korea Grand Sale to Open Earlier on Aug. 14

Park Orders Ministers to Create Festive Liberation Day

Highway Tolls, Palace Fees Lifted on Holiday Aug. 14

S. Korea Signs Contract with China Consortium to Salvage Sewol Ferry

Lotte Group Presidents Pledge Loyalty to 2nd Son

New Health Minister, Welfare Secretary Appointments Draw Mixed Reactions

Park to Issue Public Statement on Thursday

Saenuri Chief Opposes Expanding Assembly Seats

S. Korea Signs Contract with China Consortium to Salvage Sewol Ferry

Lotte Group Presidents Pledge Loyalty to 2nd Son

Korea Grand Sale to Open Earlier on Aug. 14

Hyundai Asan Officials Visit N. Korea for Memorial Service

WFP's Aid to N. Korea Reaches 19-Month High

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

'Detained Korean Canadian Pastor's Confession Came Under Duress'

Former Japanese PM Murayama Criticizes Abe's Historical Revisionism

Murayama Criticizes Abe over Security Bills

Exports of E-government Tech Top $300-Million in H1

DMZ Explosion Wounds Two Soldiers

Seven Die of Heat-Related Illnesses in S. Korea Last Week

Preview of Wartime Sexual Slavery Film to

First Korean Exhibition to be Held at

Street Art Festival to be Held in Downtown

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)

Kerry has no plans to meet with N. Korean FM: State Department

U.S. Secretary of State John Kerry has no plans to meet one-on-one with his counterpart from North Korea on the sidelines of a regional security conference set for this week in Malaysia, the State Department said Tuesday.

Samsung, LG remain strong in North America

Samsung Electronics Co. and LG Electronics Inc., South Korea's top smartphone makers, still hold a strong foothold in North America with their premium lineups, despite the growing challenge from cheaper Chinese rivals, data showed Wednesday.

Samsung to cut shipment of PC DRAMs, focus on mobile

Samsung Electronics Co. plans to cut its output of PC dynamic random access memory (DRAM) chips and tap deeper into the mobile segment ahead of the release of U.S. Apple Inc.'s new iPhone models, industry sources said Wednesday.

S. Koreans buy new smartphones every 14 months: poll

South Korean smartphone users change their devices every 14 months, with teens changing their handsets in less than a year, a poll showed Wednesday.

FM Yun arrives in Malaysia for security talks

Foreign Minister Yun Byung-se arrived in Malaysia Tuesday for a series of regional talks where the territorial dispute in the South China Sea and North Korea's nuclear weapons program are expected to be high on the agenda.

FM Yun arrives in Malaysia for security talks

Ex-first lady set to make high-profile visit to N. Korea

N. Korean FM arrives in Malaysia for regional tal..

S. Korea OKs ex-first lady's planned visit to N. ..

KOSDAQ 733.00 UP 2.97 points (open)

Short selling hits record high in July

Dollar opens at 1,169.5 won UP from 1,165.5 won

Samsung, LG remain strong in North America

S. Korea downs Japan for second consecutive win at ..

Top baseball league to schedule Monday games in cas..

S. Korea eyes second straight East Asian Cup victory vs. J..

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

Anti-Lotte sentiment boiling over

The escalating family mudslinging at Lotte Group is triggering a public uproar as consumers are exasperated by the "foul infighting" over control of the country's fifth-largest conglomerate.

Foreign, Korean law firms to offer joint legal service 

Foreign and domestic law firms will be able to set up joint operations as early as July next year, the Ministry of Justice said Tuesday. 

SNU Hospital surgeon to head health ministry 

President Park Geun-hye has appointed Chung Chin-youb, an orthopedic surgeon at Seoul National Uni... 

Young doctors suffer hectic work hours 

Song Myoung-je, a third year resident working at the emergency department of Myongji Hospital, say... 

Students vulnerable to sexual abuse 

Sexual misconduct by teachers is on the rise, data showed, Tuesday. 

Probe zeroes in on NongHyup chief 

Choi Won-byung, chairman of the National Agricultural Cooperative Federation (NACF), may face a si...

Hyundai Asan visits NK for memorial service of late chairman 

A group of South Korean businesspeople crossed the inter-Korean border Tuesday to hold a memorial service in North Korea for the late chairman of Hyundai Grou...

Spying allegations hit Defense Ministry 

A member of an advisory panel for the Ministry of National Defense made inquiries about eavesdropping technology to Italian tech firm Hacking Team (HT), a min... 

Seven fell victim to heat wave last week 

Last weeks heat wave killed seven people across the country, according to the state-run disease c... 

Police showed leniency during lawmaker rape probe 

Police officers investigating an allegation of rape against Rep. Sim Hag-bong of the ruling Saenur...

Korea NEET rate 3rd highest among OECD countries 

Some 15 percent of Korean young adults aged between 15 and 29 are jobless and not searching for work, according to a report by the Organization for Economic C... 

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

Lotte feels pinch of family feud

Retail giant Lotte Group, caught in a mud-slinging battle between the founders two sons, is caught with a buyers boy...

Medical doctor named health minister

President Park Geun-hye on Tuesday afternoon sacked Health Minister Moon Hyung-pyo and named me...

Aug. 14 declared holiday

The government has decided to designate Aug. 14 an extra public holiday and offer free access t...

Ex-first ladys N.K. visit raises hope for cross-border thaw

Lee Hee-ho, the widow of former President Kim Dae-jung, will embark on a four-day trip to North...

Obama declares climate change toughest c...

President Barack Obama framed climate change as the toughest and most pressing challenge of our time Mond...

Lax management

The countrys 30 major public corporations were saddled with a combined debt of 429 trillio...

Redrawing constituencies

Members on the parliamentary special committee on political reform have been sitting on thei...

Heat stroke cases surge in Korea

The number of sunstroke patients surged last week, with seven deaths reported so far, as a heat...

Saenuri move adds to NPAD reform dilemma

The ruling Saenuri Party senior lawmakers decision to forgo his reelection bid sparked debate...

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

Pres. Park nominates medical doctor as new health minister

President Park Geun-hye on Tuesday nominated Chung Chin-youb, a medical doctor, as new health minister, dismissing the incumbent Moon Hyung-pyo for the health authorities` bungling during the early stages of the... 

Technology allows control of things in virtual reality

When a man wearing 3-D glasses raised his hand and poked it into the air, a piece of wood in the screen was pushed aside and fell off. Soon after, another man in the screen also pushed out a piece of wood. This is the...

Low interest rates prompt wealthy people to shift to high-return products

A rich man in his mid-50s recently purchased five small apartments near Gimpo Airport worth 1 billion won (859,107 U.S. dollars). Money came from the interim retirement benefits he received last year and his deposit and...

Obama pushes Biden into presidential race

U.S. President Barack Obama is encouraging Vice President Joe Biden to run for presidency. White House Press Secretary Josh Earnest said in an interview with NBC on Monday, "If he chooses to run, hell have a strong...

UFC fighter Ronda Rousey follows Fedors footsteps

Fedor Vladimirovich Emelianenko (39), nicknamed the "emperor of ultimate fighting," and the "man of one 6 billionth," displayed no hesitance in fighting from round one when he was an active pro athlete. When he hit...

Summer K-pop Festival held in central Seoul

"Summer K-pop Festival" was held in Seoul Plaza on Monday. The festival was planned by the Ministry of Culture, Sports and Tourism and the Korea Tourism Organization to revive stagnant domestic market hit by Middle East...

Controversies over N. Korean leaders call for highest-level talks 

Ki Sung-yueng, Son Heung-min as promising Korean soccer players 

New years wishes change over time 

Samsungs 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)

70 Years of Independence Bring Huge Changes

Koreans are now much taller than they were seven decades ago, but a longer lifespan also means more illness, and affluence has reduced the birthrate to alarming lows. >> Full Text

Korean Cars Fare Well at Home But Badly Abroad

Korean automakers' total sales dwindled five percent in July compared to the same month a year ago to 681,142 vehicles. Domestic sales grew 6.4 percent thanks to the release of new models, but overseas sales were lackluster as Hyundai and affiliate Kias sales slumped in key foreign markets due to intensifying competition. >> Full Text

Online Shopping Soared Amid MERS Fears in June

Online sales surged in June as consumers stayed away from supermarkets and department stores amid the outbreak of Middle East Respiratory Syndrome. According to Statistics Korea on Monday, online retail sales totaled W4.4 trillion in June, up 26.6 percent compared to the same month last year. >> Full Text

Medical Tourists Return After MERS Scare

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

Samsung to Release Ultra-Thin Tablet Next Week

Park In-bee Achieves Grand Slam at British Open

Lee Na-young Pregnant 2 Months After Wedding

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

[News analysis] With recent battle, Lotte the latest chaebol with a founders dilemma

Founders of South Korean chaebol have a bad habit of staying at the helm too long and causing problems in their old age

The battle for management rights of the Lotte Group continues to escalate. The latest revelations show the conflict extending not just between brothers Shin Dong-joo and Shin Dong-bin, but to father and general chairman Shin Kyuk-ho, who appears criticizing younger brother Dong-bin a video shot by the older brother. The fathers long tenure on the front lines of management at the countrys fifth largest chaebol group

With NIS refusing to provide records, meeting with experts could be pointless

During a meeting with reporters on Aug. 3, Ahn Cheol-soo, chair of the New Politics Alliance for Democracys (NPAD) Public Information Protection Committee, said that, with the National Intelligence Service (NIS) basically refusing to provide the records needed to get to the bottom of accusations that it was snooping on the public, it would be pointless to hold a meeting of NIS officials and industry experts scheduled for Aug. 6. .

NIS doesnt seem to be ridding itself of illegal hacking programs

The National Intelligence Service (NIS) shows no signs of planning to eliminate the remote control service (RCS) hacking programs it claims to have stopped using. The news comes amid a fierce debate over the legality of the agencys operation of the programs over a period of more than four years after purchasing from an Italian company. .

Inspection finds 566 manufacturing companies using illegal dispatch labor

Workplace inspections by the Ministry of Employment and Labor have found that one out of every three factories in major industrial complexes in South Korea is using illegally dispatched workers. The practice of continuing to use dispatch workers for temporary or intermittent reasons was found to be particularly rampant at direct production lines in the manufacturing industry, even though dispatch work is banned in that work area. .

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. .

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

Day broke on Dokdo. Capped with white froth, the rough breakers surged over the pier on Dongdo, the east islet.It doesnt 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, .

North Korea says no to CISM Military World Games in Mungyeong this October

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 Peoples 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.

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

Younger son is backed by Lottes subsidiaries

Heads of Lotte affiliates threw their weight on Tuesday behind Shin Dong-bin, the younger son who ousted his father as head of Lotte Holdings, after an extraordinary meeting designed to unify the group in the middle of a family battle for control. The executives issued a statement after the meeting

3-day weekend for Liberation Day

The government decided to designate Aug. 14 a temporary holiday for Liberation Day, which falls on the following day and carries special significance this year

SK ups capacity for electric vehicle batteries

SEOSAN, South Chungcheong - SK Innovations electric vehicle battery production plant doesnt look like an automobile assembly line, with its robots welding steel sheets

Food prices climb amid drought, but CPI still low

The consumer inflation rate in July was below 1 percent for its eighth straight month, but prices of food - particularly vegetables

Public sectors 2014 surplus is the first in 7 years

The public sector ended 2014 in the black for the first time in seven years, the Bank of Korea said on Tuesday

Development plan rebuked by city government

The Ministry of Land, Infrastructure and Transport announced a plan on Friday to develop a greenbelt near Suseo Station in Gangnam District, southern Seoul,

Park taps doctor to lead health ministry

President Park Geun-hye on Tuesday appointed Professor Chung Chin-youb of Seoul National University Bundang Hospital as the new leader

Probe of rep for rape is dropped for no evidence

The police investigation of a lawmaker, who was accused of raping a middle-aged woman in a hotel last month, unexpectedly wrapped up

Saenuri head calls for seats in legislature to stay at 300Ruling Saenuri

Party Chairman Kim Moo-sung argued on Tuesday that the number of National Assembly lawmakers should be kept at its current 300

Penalty system kept students from coming forward

The students at a Seoul public school whose principal and four teachers are being investigated over sexual misconduct allegations said

7 die from heatstroke in stark rise from last year

A government report released Tuesday linked seven deaths in Korea this summer to heatstroke, a stark rise from the single case reported last year

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

Samsung to debut Samsung Pay in line with Galaxy Note 5 launch

Samsung Electronics is to launch its mobile payment service Samsung Pay on August 21 in line with the launch of the Samsung Galaxy Note 5 and Galaxy S6 Edge Plus. Acc.. ...08.04 17:57

Park calls for labor market reform for more jobs for youth

President Park Geun-hye reiterated the importance of labor market reform Tuesday, saying the gist of labor market reform is to create more jobs for young people. Presid.. ...08.04 17:53

Antitrust watchdog fines 17 builders for bid rigging

South Koreas antitrust watchdog slapped tens of billions of won fine on dozens of local builders for rigging bids for large public infrastructure projects. The Fair.. ...08.04 17:48

Park appoints medical professor as new health minister

President Park Geun-hye Tuesday nominated Chung Chin-youb, 60, a professor at Seoul National University hospital in Bundang, as her new health minister. Ms Park also n.. ...08.04 17:47

Consumer price inflation below 1% for 8th month

In South Korea, consumer prices nudged up 0.7 percent last month, with consumer price inflation hovering below one percent for eight consecutive months. Meanwhile, a m.. ...08.04 16:59

Samsung Display supplies OLED panels to Chinas Huawei

Samsung Display is ramping up efforts to tap into the Chinese mobile market, as it began to supply OLED displays to the worlds third largest smarthphone maker Huawei.. ...08.04 14:11

Techen wins IR52 Chang Young-sil prize for metal heat-conductivity pin tech

The South Korean LED lighting firm Techens metal heat-conductivity pin inserting radiant heat technology was awarded the IR52 Chang Young-sil prize on the 31st w.. ...08.04 11:33

Samsung Galaxy Tab S2 hits S. Korea

Samsung Electronics, a South Korean flagship electronics giant, on Monday announced that it would officially roll out the Galaxy Tab S2, the companys premium tablet,.. ...08.04 11:26

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 Economi.. ...08.04 10:45

Tax watchdog zeroes in on Lotte Group for fund flows

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

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

[Editorial] We Need to Reform the Chaebol If We Are to Avoid Another Lotte.

?The family dispute over the management of Lotte Group exposed the abnormal chaebol system. A word or a single gesture by the owner exerts more power th

President Park 'The Abe Statement Should Reconfirm Previous Views on History'

On August 3, President Park Geun-hye said, "I hope Japanese Prime Minister Shinzo Abe's statement, which is expected to be released on the seventieth annivers

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

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

Teachers Pension to Invest in Overseas Private Equity Funds

Teachers Pension will invest up to 180 billion won in overseas private equity funds in the second half of the year by completing the search process by next month. According to investment banking sources on August 3, Teachers Pension decided to invest in blind funds and began searching for asset mana...

Political Parties United in Criticizing Lotte's Family Dispute

Both the ruling party and opposition party made critical remarks on the current dispute over management control underway within Lotte Group. Kim Young-woo, senior spokesperson of the New Frontier Party, said in a briefing on August 4, "The family quarrel in Lotte Group is getting uglier. They don't ...

Korea's "NEET" Ratio 3rd Highest among 34 OECD Members

A study said Korea's "NEETs," young people who are not in education, employment, or training, are as high as 16 percent of those youths in their age between 15 and 29. This is the third highest figure among 34 Organization for Economic Cooperation and Development member countries. According to OECD ...

Hyundai and Kia Report 6.7% Growth in U.S. Sales in July

Hyundai Motor and Kia Motors saw their combined U.S. sales rise by more than 6 percent last month. According to Automotive News, an American magazine specializing in auto industry news, on August 4, Hyundai Motor and Kia Motors sold 127,324 units in the U.S. market last month, up 6.7 percent from a ...

Ssangyong Motor Riding High on Brisk Demand for Tivoli Diesel

Ssangyong Motor is enjoying a brisk demand for the Tivoli Diesel which it released last month. According to Ssangyong Motor on August 4, the Tivoli was sold 4,011 units last month, a volume equivalent to a half of the car makers total domestic sales of 8,210 units. The robust sales of the Tivoli a...

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

Pirates' Jung-ho Kang voted National League Rookie of the Month for July

Pittsburgh Pirates's South Korean power-hitting infielder Jung-ho Kang has been voted the National League Rookie of the Month for July, Major League Baseball (MLB) said on Monday (local time).

Koreans on vacation

As the summer vacation season has begun in earnest, shops in Jongno-gu, central Seoul, are closed on Tuesday. The government encourages people to enjoy domestic trips to help promote spending and revi

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

Parents pray for their childrens 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,

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

Fair Trade Commission Sent Corrective Recommendation To Apples Unfair AS That Did Not Allow Customers To Retrieve Their iPhones During Repair

Fair Trade Commission (FTC) gave corrective recommendation to Apple?s Unfair After Service (AS)? clause that did not allow customers ...

WiGig That Is Faster Than Giga Wi-Fi Is Coming Out

Ministry of Science, ICP, and Future Planning (MSIP) announced on the 1st that it has notified that wireless installation regulation to be revised so that next-ge...

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 Koreas 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-NanoAlso 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...

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