Aug. 6, 2015
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 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.’
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
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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Today’s 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 dog’s 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 dog’s owner.
“Don’t worry about it,” the man replied. “I wouldn’t 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 Korea’s 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-hwa’s 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 country’s relations with Japan, an unlikely fig...
Exports in distress
Korea’s 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...
China‘s restructuring to take toll on Korean shipbuilders, steelmakers
South Korean shipbuilders and steelmakers are increasingly facing risks from China’s recent re...
SoftBank Korea confident in Coupang’s market control
Harvard dropout Kim Bom’s 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...
`China’s stock markets are going through a growth pain`
“Stock prices can be compared to a dog, and the economy to the dog’s owner. Even if the dog jumps up and down and barks, sometimes trying to get away from the owner, it eventually goes in the owner’s direction. China’s...
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 Facebook’s 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...
Women’s soccer team to compete with N. Korea at East Asian Cup
While Chinese men’s soccer team has "fear of Korea," South Korean women’s soccer team has "fear of North Korea." South Korean women’s 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 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)
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 USFK’s changing role mean for Korea’s future?
Concerns being raised that the US’s 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 peninsula’s eventual reunification. The Hankyoreh sat down with Korea National Strategy Institute director Kim Chang-soo in Seoul‘s Yeouido neighborhood on July 31 to hear his take on the significance of USFK’s changing role.
South Korea has third most NEETs among developed countries
South Korea has the third-highest percentage of “NEETs” among the OECD’s 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 committee’s 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 committee’s 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 “founder’s 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 father’s long tenure on the front lines of management at the country’s 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 Democracy’s (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 doesn‘t 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 agency’s 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-jung’s 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 Korea’s 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
Korea Investment Holdings and Daum Kakao are setting up a consortium to establish a web-based bank, according to sources with the knowledge of the matter…
MERS scare over, but tell that to Myeong-dong
Despite the government’s announcement on July 28 that the Middle East respiratory syndrome (MERS) outbreak had come to an end…
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.…
North’s 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. …
Tokyo’s defense budget over record 5 trillion yen
Japan’s 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…
President’s sister takes Japan’s line
Park Geun-ryeong, President Park Geun-hye’s younger sister made controversial remarks in an interview that seemed to take Japan’s side in disputes between Seoul and Tokyo…
Kosdaq’s 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
Korea’s foreign currency reserve declined for the first time in six months, data from the Bank of Korea (BOK) showed. Korea’s 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 Korea’s 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 Group’s governance structure
Korea’s antitrust watchdog came forward to figure out the structure of Lotte Group’s 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 group’s 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 Korea’s 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 world’s 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 Samsung’s 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 Korea’s largest import alcoholic beverage for the first time in history. According to the Korea International Trade Association on August 5, the nation’s imports of wine amounted to $94.43 million in the first half of this year, exceeding whiskey’s $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 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
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ETNEWS (http://english.etnews.com/)
CJ Hello Vision Releases Galaxy J5…It 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...
Read the full story
LG Uplus Applies NFV Virtualization Technology Into VoLTE Network
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 Apple’s ‘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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