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The Korean daily media headlines and humorAug. 6, 2015
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The Korean daily media headlines and humor

Thursday, Aug. 6, 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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Use the 2015 Namyangju Slow Life Festival to introduce your delicious food

Namyangju City, on the eastern outskirts of Seoul, hosts the 2015 Namyangju Slow Life Planet International Festival on  October 8-17, 2015 in a 10-day run, which is an extended Festival from the successful Namyangju Slow Food Fair which the City  hosted in 2013. The Korea Post, a principal supporter, covers the Festival with all its five media units in the following three months and throughout the 10-day period. Related URLs are as follows:

http://www.slowlifeplanet.org/english/Introduction of Festival/Invitation Message

/news/view.html?section=161&category=181&no=1017

/news/view.html?smode=&skey=food&x=15&y=11ion=162&category=182&no=985

As a prominent event of the Festival, the Organizing Committee has a special exhibition program of the food materials (durable ones) and cooking utensils of the different countries, including the following:

1. Rice, wheat and corn from different countries

2. Representative bread of all the countries of the world, including Northern India, Pakistan, Middle East Countries, Germany, Israel, North America, Europe, Italy, Turkey, Scotland, North America and Europe.`

3. Spices and condiments from different countries (such as Coriander of Vietnam, Lemon grass of Thailand, Basil of Italy, Saffron of India and Spain, Turmeric of India, Oregano of the Mediterranean countries, Allspice, bay leaves, Tarragon, Thyme, Close and Star anise).

4. Tableware (such as spoons, bowls, dishes, plates, tablecloth, aprons)

5. Cooking utensils such as cutting boards, knives, cooking pots, pans, cheese-grinder, pasta-making tools)

6. High-resolution photo images of the above for showing at the event site and publication by the five media units of The Korea Post for the three consecutive months.

7. Videos introducing the culture and tourism-related aspects of each country

For participation and further details, please call 010-3388-1682 (Korean), 010-3481-01101 (English) or 5201-1740 (Chairman Lee). Regular phones are: 2298-1740/2, 1745/6. Fax 2298-9506.

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Todays humor:

Hankuk Kyungje

Staunch church-goer

The young preacher appeared for his first sermon at a rural church.

To his surprise he found one of the parishioners had brought his dog to the service.

He asked the dogs owner to remove the animal and it was taken out.

After the service, the deacons rebuked the new preacher for insulting one of the staunchest members.

The dog made no trouble and had been accompanying its master to church for years.

The preacher apologized to the dogs owner.

Dont worry about it, the man replied. I wouldnt have had my dog hear that sermon.

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

Seoul's Foreign Minister Urges ASEAN to Send Strong Message to N. Korea

Foreign Minister Yun Byung-se stressed on Wednesday that the Association of Southeast Asian Nations (ASEAN) should jointly send a strong message to North Korea...

South, North Foreign Ministers Cross Paths at ARF

N. Korean Official: No Change in N. Korean Nuke Issue

Former First Lady to Visit Orphanage in Pyongyang

Korean American Missionary Arrested in Thailand for Helping N. Korean Defectors

Seoul, Tokyo Reconfirm Japan Requires S. Korea's Consent to Enter Korean Peninsula

Seoul's Foreign Minister Urges ASEAN to Send Strong Message to N. Korea

Korean Shares Remain in 2,020 Range

Top Businesses Hang Nat'l Flag to Mark 70th Anniv. of Liberation

Business Groups Welcome Extra Holiday on Aug. 14

Former First Lady Lee Hee-ho Embarks on Trip to N. Korea

Korean American Missionary Arrested in Thailand for Helping N. Korean Defectors

Abe to Issue 70th Anniv. Statement Around Next Friday

Obama, Ban Call for International Climate Change Efforts

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

Nat'l Hangeul Museum to Organize

Institutes of Historical Studies Urge Japan

Seoul Mayor Promotes Tourism in Beijing

Robot Festival to Kick Off in S. Korea

SK Telecom to Build LTE Network for Sea Service

Two Weeks of Sultry Heat Follows Monsoon

S. Korea Women's Football Team Heads to East Asian Cup Final

S. Korea Bags 6 Golds at Archery Worlds in Denmark

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

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

Foreign ministers of two Koreas meet in Malaysia

South Korean Foreign Minister Yun Byung-se greeted his North Korean counterpart, Ri Su-yong, at a regional meeting here Wednesday, but received no response from Pyongyang's top diplomat.

Imported car sales in S. Korea jump 14 pct in July

Sales of imported cars in South Korea jumped 14.3 percent in July from a year earlier, driven by strong demand for German vehicles, industry data showed Thursday.

Park mulls holding Cabinet meeting to finalize pardons

President Park Geun-hye could hold a Cabinet meeting next week to finalize details of special pardons, the presidential spokesman said Thursday.

LG to join hands with Google for payment system: sources

South Korea's No. 2 tech giant LG Electronics Inc. is set to join forces with U.S. Google Inc. for a smartphone with an Android-based payment system, industry sources said Thursday, commencing its struggle to catch up to rivals.

LG Uplus to invest US$2 mln in robot-making firm

South Korea's No. 3 mobile carrier LG Uplus Inc. said Thursday it has decided to invest US$2 million in a U.S.-based robot startup in line with its efforts to tap deeper into the Internet-of-Things (IoT) segment.

N. Korea not yet preparing for rocket launch: 38 North

Foreign ministers of two Koreas meet in Malaysia

China 'cynical' about N. Korea's behavior: source

Imported car sales in S. Korea jump 14 pct in July

Midsize sedan sales ratio in S. Korea bounces back in July

Seoul shares get off to strong start

Park mulls holding Cabinet meeting to finalize pardons

LG Uplus to invest US$2 mln in robot-making firm

Rangers' Choo out of starting lineup vs. LHP

Liu Yifei admits romance with Song Seung-heon

Close friends set to clash in Premier League

Bayer Leverkusen dynamo sets sights on milestone

Three of four teams still in hunt to win men's East Asian ..

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

Lotte faces imminent governance reform

The government and the ruling Saenuri Party plan to examine the cross-shareholding structure of Lotte Group that enables the owner family to control all affiliates with only a small number of shares.

Online hotline may be available for sexually abused students 

The government is considering setting up an online hotline for victims of sexual abuse at schools ... 

NK defector school envisions unification 

As Cho Myung-sook, vice president of Yeomyung School for North Korean defectors, headed down the s... 

World Cup semi tops proudest moment for Koreans 

Koreans regard its soccer team making the semifinals of the 2002 Korea-Japan World Cup the proudes... 

Pharrell Williams, Maroon 5 to hit town this fall 

As summer hits its peak and the music festival season concludes, artists including Pharrell Willia... 

Choi Kyu-sun translates Alwaleed biography 

The recent Korean translation of billionaire Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud... 

NK diplomat steals spotlight in regional forum 

North Korean Foreign Minister Ri Su-yong is drawing attention over whether he will actively intera... 

Health minister nominee to face challenges in welfare policies 

Health and welfare minister nominee Chung Chin-youb is expected to face a tough task of pushing ah... 

Imported fruits gaining popularity 

Fruit imports have risen sharply in recent years, riding on growing demand for variety mainly amon... 

'Month-long biracial marriage valid' 

The Supreme Court has ruled against nullifying an international marriage which a Chinese woman lef... 

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

Ex-first lady Lee begins four-day visit to Pyongyang

Lee Hee-ho, the widow of former President Kim Dae-jung, arrived in Pyongyang on Wednesday, hoping to create momentum to ...

Seoul steps up N.K. diplomacy

South Koreas Foreign Minister Yun Byung-se on Wednesday stepped up diplomacy to prevent North...

Governance at center of Lotte crisis

Lotte Group is facing the biggest challenge in its 67 years of history as the government is gea...

Actress Uhm Jeong-hwa eager for more roles, challenges

When people talk about Uhm Jeong-hwas career as an actress, they often describe it as having ...

Park's sister raises stir over Japan ties

Just as President Park Geun-hye struggles to improve the countrys relations with Japan, an unlikely fig...

Exports in distress

Koreas exports stood at $46.61 billion in July, down 3.3 percent from the same month last ...

Sexual misconduct

The Korean society, like elsewhere in the world, often witnesses sex scandals involving poli...

Chinas restructuring to take toll on Korean shipbuilders, steelmakers

South Korean shipbuilders and steelmakers are increasingly facing risks from Chinas recent re...

SoftBank Korea confident in Coupangs market control

Harvard dropout Kim Boms daily deals start-up Coupang made Korean tech start-up history in Ju...

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

South Korea`s ex-first lady arrives in N. Korea

Lee Hee-ho, the widow of former President Kim Dae-jung, arrived in Pyongyang on Wednesday on Eastar Jet`s Flight ZE815. An official at the airline company said that the number 815 was used to mark the 70th anniversary... 

`Chinas stock markets are going through a growth pain`

Stock prices can be compared to a dog, and the economy to the dogs owner. Even if the dog jumps up and down and barks, sometimes trying to get away from the owner, it eventually goes in the owners direction. Chinas...

Police, Facebook send out amber alert to find lost children

A mother living in Gyeonggi Province logged on to Facebook via her smartphone Tuesday afternoon and was surprised to see an alert message. The Facebooks News Feed section posted a photo of a little girl with a message...

New jet could cut flight time from London to New York to 1 hour

People may be soon able to fly from London and New York within an hour. The Daily Telegraph said Tuesday that leading European aircraft manufacturer Airbus recently applied for a patent at the U.S. Patent Office on...

Womens soccer team to compete with N. Korea at East Asian Cup

While Chinese mens soccer team has "fear of Korea," South Korean womens soccer team has "fear of North Korea." South Korean womens soccer team had its first showdown with North Korea at the Beijing Asian Games in...

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...

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)

Kim Dae-jung's Widow Visits Hospitals in Pyongyang

Lee Hee-ho, the widow of former President Kim Dae-jung, arrived in Pyongyang on Wednesday, the official [North] Korean Central News Agency reported. >> Full Text

Half of All New Cars Are Diesel Models

Diesel cars for the first time accounted for more than half of domestic automobile sales in the first half of this year. Their popularity is expected to grow even further in the second half as diesel versions of the popular mid-sized Hyundai Sonata and Kia K5 passenger cars hit the market. >> Full Text

Popular Cooking Shows Drive Up Kitchenware Sales

The surging popularity of cooking and other foodie shows on TV has led to soaring sales of kitchen products as more and more consumers seek to emulate media chefs. Another interesting trend is that more men are buying cooking supplies. >> Full Text

Hyundai to Halt Production of Veracruz SUV

Shanghai Salvage Signs Contract to Raise Ferry

Consumer Groups Urge Lotte Boycott

Small SUVs Lead Ssangyong's Resurgence'

Assassination' Proves Unstoppable at Box Office

Korea Snatches Victory in Injury Time at Women's East Asian Cup

Kang Jung-ho Named MLB Rookie of the Month

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

What does USFKs changing role mean for Koreas future?

Concerns being raised that the USs military presence is being used as a counter to a rising China

As the US-China rivalry becomes more defined and inter-Korean relations change, the nature and standing of US Forces Korea (USFK) has become the topic of ever greater debate. Long a stabilizing presence in a divided Korea, USFK is now being called an advance guard in checking China, leading some to fear that a backlash from Beijing could further hamper the peninsulas eventual reunification. The Hankyoreh sat down with Korea National Strategy Institute director Kim Chang-soo in Seouls Yeouido neighborhood on July 31 to hear his take on the significance of USFKs changing role.

South Korea has third most NEETs among developed countries

South Korea has the third-highest percentage of NEETs among the OECDs thirty-three member countries, recent data show. The NEET label standards for not in education, employment or training and refers to young people who do not have a job and are not studying at school or training for employment, indicating that they are not motivated to work. Data released by the OECD on Aug. 4 showed 15.6% of South Koreans aged 15 to 29 to belong the NEET category in 2013. .

Samsung refuses arbitration committee for leukemia victims

Samsung rejected a plan proposed by the arbitration committee to set up a nonprofit foundation to resolve the issue of leukemia among workers. Since the foundation was the arbitration committees primary recommendation for compensating the victims and taking steps to prevent the recurrence of the disease, trouble is brewing for future arbitration. In a position statement on the arbitration committees recommendations released on Aug. 3, Samsung Electronics said, .

Korean temple cuisine garnering western attention

In recent years, Korean temple food has been gaining recognition both as a cuisine that is appropriate for contemporary lifestyle, which involves a lot of time sitting in front of computers, and as a uniquely Korean traditional cuisine. .

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

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.

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

Kim Dae-jungs widow starts a 4-day North trip

Lee Hee-ho, the widow of former President Kim Dae-jung, flew to Pyongyang on Wednesday for a four-day trip to North Korea, although expectations were low that her trip could produce a breakthrough to improve ties between two Koreas. The 93-year-old Lee landed at the newly renovated Sunan Internation

In Korea, Justice Ginsburg talks gender equality

U.S. Supreme Court Justice Ruth Bader Ginsburg, a long-time advocate of human rights, met Koreas first same-sex married couple and encouraged minority

Pyongyang urged to share in railway plan

President Park Geun-hye in an address on Wednesday urged North Korea to come out of isolation and choose a path to reform in the pursuit of prosperity and development

Daum Kakao eyes web-based bank

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MERS scare over, but tell that to Myeong-dong

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Terms can make a big difference for renters

A growing number of renters are part of a new trend who are switching their contracts to save on their monthly payments. Options on contract terms joense

All companies urged to give their staff day off

Lobby groups are urging all local companies to allow their employees to take an unofficial day off next Friday to boost the local economy

Pyongyang urged to share in railway plan

President Park Geun-hye in an address on Wednesday urged North Korea to come out of isolation and choose a path to reform in the pursuit of prosperity and development.

Norths ship is pursued for seizure in damage suit

UNITED NATIONS - Winning a lawsuit against North Korea is rare, and collecting millions of dollars in damages from the country is pretty much impossible.

Tokyos defense budget over record 5 trillion yen

Japans defense budget for next year is looking to surpass a record 5 trillion yen ($40.2 billion) as the country moves to make a series of national security

Presidents sister takes Japans line

Park Geun-ryeong, President Park Geun-hyes younger sister made controversial remarks in an interview that seemed to take Japans side in disputes between Seoul and Tokyo

Kosdaqs small caps more generous with dividends

Small-cap companies listed on the secondary Kosdaq appeared more prone to giving out stock dividends to their shareholders than larger companies on the Kospi

Reserves fall for first time in 6 months, BOK reports

Koreas foreign currency reserve declined for the first time in six months, data from the Bank of Korea (BOK) showed. Koreas reserve stood at $370.8 billion at the end of July,

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

Hyundai Motor sees China sales plunge

South Koreas Hyundai Motor has cut the prices of two car models, as it saw the July sales in China halve in four months. A sense of crisis is escalating now that the.. ...08.06 10:27

Hyundai and Kia to ramp up SUV line-up to counter China risk

The auto industry describes the September sales activity in the Chinese market as a big battle. The period marks the highest sales ahead of the lunar Chinese mid Autum.. ...08.05 17:53

FTC investigates Lotte Groups governance structure

Koreas antitrust watchdog came forward to figure out the structure of Lotte Groups overseas affiliates as Lotte succession war turned into family mudslinging. It m.. ...08.05 17:37

Minimum wage upped 8% for next year

South Korean workers will be paid 6,030 won ($5.14) minimum wage per hour next year. The Ministry of Employment and Labor said Wednesday that it set the minimum wage.. ...08.05 17:31

Lotte unit heads in S. Korea and Japan side with Shin Dong-bin

With Lotte Group facing the biggest-ever crisis since its foundation amid power struggle between brothers, head at the groups affiliates are raising one voice to bac.. ...08.05 10:36

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

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

[Editorial] Replacing the Welfare Minister Is Not the End of MERS

Yesterday, President Park Geun-hye dismissed Minister of Health and Welfare Moon Hyung-pyo and chose Professor Chung Chin-youb of Seoul National University Bund

First 'Six-Party' Foreign Ministers' Meeting Since Iran's Nuclear Agreement

The ASEAN Regional Forum (ARF) held in Kuala Lumpur, Malaysia for two days from August 5 marks the beginning of international diplomatic games in the second hal

?[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

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

Samsung Electronics Set to Supply 1 Tril. Won Memory Chips to Cisco

Samsung Electronics is set to increase by more than 40 percent of its memory chip supply for the worlds No. 4 server maker Cisco Systems this year. This increase comes as the demand for data storage servers is picking up, resulting in an increase in the demand for Samsungs mainstay memory chips....

SK Hynix Expands Tie-ups with SanDisk

SK Hynix announced on August 5 that it reached an agreement with a U.S. chip maker SanDisk to expand the scope of bilateral cooperation, including the extension of patent cross licensing agreements and the DRAM supply contract. SanDisk also decided to cancel all of the pending litigations it has fil...

Wine Overtakes Whisky as the Largest Import Alcoholic Beverage in Korea

Wine overtook whisky as Koreas largest import alcoholic beverage for the first time in history. According to the Korea International Trade Association on August 5, the nations imports of wine amounted to $94.43 million in the first half of this year, exceeding whiskeys $91.73 million. This was...

Lotte Group Korea Paid out 34 Bil. Won in Dividends to Japanese Affiliates Last Year 

It was disclosed that Lotte Group companies in Japan took in about 11 percent of total dividends paid out last year by the companies of Lotte Group Korea. According to the group and the electronic disclosure system of the Financial Supervisory Service on August 6, the affiliate companies (both publi...

Korea's MMAA to Establish Private Military Company

The Military Mutual Aid Association, one of Korea's largest mutual aid associations with assets under management reaching 9.2 trillion won, will try to establish a private military company. Except in the United States, the cases in which an armed forces pension fund or military

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

Celebrations for 70th anniversary of National Liberation Day

With 10 days to go before the 70th anniversary of Korea's liberation from Japanese colonial rule (1910-1945), South Korean government officials put up pinwheel-shaped national flags in front of Gw

Weakening local currency

An employee at the dealing room of Korea Exchange Bank's headquarters in central Seoul talks on the telephone in front of a signboard that shows the local currency ended at 1,173.60 won against th

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

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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

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

CJ Hello Vision Releases Galaxy J5It Is Possible To Purchase It At $8.5

CJ Hello Vision (CEO Km Jin Seok) released Samsung Electronics? economic Smartphone Galaxy J5? on the 3rd. Under Moohansoodah(Infinite...

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To rapidly apply VoLTE new service, LG Uplus announced on the 2nd that it succeeded in demonstrating application of Network Function Virtualization (NFV) technolo...

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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 ...

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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...

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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...

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