The Korean daily media headlines and humor
The Korean daily media headlines and humor
  • 코리아포스트
  • 승인 2015.08.07 00:00
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Aug. 7, 2015

The Korean daily media headlines and humor

Friday, Aug. 7, 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


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.


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.


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.


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: 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.


Today’s humor:

Hankuk Kyungje

Lawyer vs Doctor

Two high-school classmates encountered at a holiday resort and boasted what they do for a living.

One who is practicing law said first, “My work is so exciting. People come into my office, tell me their problems and pay me for my advice.”

The other, who was a medical doctor, proudly replied, “You know, in my work, people come into my office, tell me their problems, take off their clothes and then pay me for my advice.”



US Resolution Calls for Approval of Nuclear Deal with S. Korea

A United States congressman and a senator have introduced a resolution calling for approval of a revised nuclear deal with South Korea.

Calls Growing in U.S. for Abe to Offer Apology

Former First Lady to Visit Exhibition Hall, Temple in Mount Myohyang

Chicago Passes Comfort Women Resolution

Extraordinary Parliamentary Session to Begin Friday

Top Diplomats from Seoul, Tokyo Agree to Improve Ties

Deputy PM Warns Lotte to Fix Opaque Shareholding Structure

'Top 10 Korean Tycoons Own Avg. 0.25% Stake for Corporate Control'

Business Praises President's Reform Efforts, Vows Cooperation

Former First Lady Visits Orphanage, Senior Home in N. Korea

Former First Lady to Visit Orphanage in Pyongyang

38 North: Kim Jong-un Solidifies Power with Local Elections

US Resolution Calls for Approval of Nuclear Deal with S. Korea

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

Seoul Culture Night to be Held Aug. 28-29

Nat'l Hangeul Museum to Organize

Institutes of Historical Studies Urge Japan

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 Draws with Japan 1-1 in Men's East Asian Cup

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

S. Korea Bags 6 Golds at Archery Worlds in Denmark


Yonhap (

Samsung narrows gap with Intel in chip sales

Samsung Electronics Co. narrowed its gap with U.S. rival Intel Corp. in chip sales in the second quarter, data showed Friday.

The South Korean chipmaker saw such sales reach US$10.3 billion in the April-June period, up 10 percent from three months earlier, the data compiled by industry tracker IC Insights Inc. showed. The figure also includes foundry production.

S. Korea's state pension fund takes hit from Lotte stock plunge

South Korea's national pension fund has suffered heavy losses from a recent plunge in shares of Lotte Group affiliates that was sparked by an ugly succession battle at the country's fifth-largest conglomerate, data showed Friday.

Lotte to create 24,000 new jobs by 2018

South Korean retail conglomerate Lotte on Friday announced plans to employ 24,000 people by 2018, joining in government efforts to improve job prospects for the country's younger generation.

Ex-major convicted of smuggling arms to Lebanon

A Seoul court Friday sentenced a former major who was part of an anti-espionage military body to 18 months in prison for smuggling strategic arms into Lebanon.

Chung Mong-joon leaves for China to seek Asian support for FIFA bid

South Korean FIFA presidential hopeful Chung Mong-joon left for China Friday to attend a regional tournament and gather support for his campaign.

N. Korea to push back standard time by 30 min.: KCN..

Yonhap News Agency to hold unification forum next week

Damage to pine trees on N.K. mountain is treatable: expert..

U.S. urges N. Korea to refrain from threatening actions

S. Korea's state pension fund takes hit from Lotte stock p..

Lotte to create 24,000 new jobs by 2018

Corporate earnings miss estimates as shipbuilders drag

Seoul shares open lower on autos, builders losses

Teaser hints Samsung may showcase new tablet next week

S. Koreans wary of lethal N. Korean striker at regional to..

Chung Mong-joon leaves for China to seek Asian support for..

Gwangju Biennale has mixed rulings in damage suits

S. Korea moves past rival Japan in FIFA rankings

Debate aside, world No. 1 Park In-bee convinced she..


The Korea Times (

Park vows labor market reform

President Park Geun-hye vowed Thursday to push for labor market reform this year as a measure to revive the sluggish economy. “Without addressing problems in the labor sector, creating more jobs for young people will be impossib...

N. Korea says future nuclear test depends on U.S. attitude 

North Korea said Thursday that a future nuclear test by the communist country will depend on the attitude of the United States, accusing it of being "hell-ben... 

Minister urges Lotte Group to improve governance structure 

The country’s top economic policymaker issued a warning to Lotte Group, Thursday, saying that unle...

SK, Hanwha chiefs likely to be pardoned 

SK Group Chairman Chey Tae-won and Hanwha Group Chairman Kim Seung-youn are likely to be among the beneficiaries of presidential pardons next week, sources cl... 

Zero tolerance for sex offender teachers 

Teachers found guilty of committing sex offenses will be deprived of their teacher’s license, the ... 

Saenuri female lawmakers silent on rape case 

Female politicians usually respond promptly to inappropriate language or behavior directed toward ... 

Liu Yifei admits her relationship with Song Seung-heon 

Chinese actress Liu Yifei, 27, wrote on her Weibo, “I have a lot to say, but I will simply say♥♥ f...  New Korean-Chinese celebrity couple born

Korea lags behind peers in drawing foreign investment 

Korea is lagging far behind its competitors in attracting foreign investment due to excessive regulations and insufficient administrative support, making Asia...

Special holiday draws mixed reactions 

The government’s decision to designate Aug. 14, the day before Liberation Day, as a special holiday is drawing mixed reactions. 

Controversy rises over ending state bar exam 

Korea will abolish the state-administered bar exam by 2017, making graduating from law school the ... 

Osan Air Base inspected in anthrax case 

The South Korea-U.S. joint working group (JWG) visited the United States Forces Korea’s (USFK) Osa...

SK, LIG Nex1, Hanwha tycoons in line for pardons 

Convicted business tycoons, including SK Group Chairman Chey Tae-won and SK Group Vice Chairman Chey Jae-won, may receive special pardons before the 70th anni...


The Korea Herald (

Park pushes labor reform initiative for youth

President Park Geun-hye on Thursday pressed ahead with her labor reform initiative, urging the nation to share her drive...

Special pardons expected to include business moguls

President Park Geun-hye is likely to finalize her plan for special pardons in a Cabinet meeting...

When ‘fitting in’ precedes quest for justice

Many scientists and psychologists have pointed out that our innate desire to “fit in” with ot...

LG joins Google for new Nexus

Tech giants LG Electronics and Google are currently working together to roll out the U.S. Inter...

Lotte feud ignites nationality dispute

“Lotte is a Korean company.”These words of Seoul-based Lotte Group chairman Shin Dong-bin may be simple...

Unexpected holiday

Koreans will be treated to an unexpected long weekend when Aug. 14 is officially declared a ...

It’s the economy

President Park Geun-hye addressed the nation yesterday, asking the people’s support for the...

S-Food spearheads charcuterie market

S-Food director Lee Seung-yeon poses at the JohnCook Deli Meat outlet in Apgujeong-dong, southe...

AmorePacific pushes for tailored cushion tech

South Korea’s largest cosmetics maker AmorePacific, which has upped its presence in the skin c...


DongA Ilbo (

Pres. Park strongly urges labor reform to create jobs

President Park Geun-hye said on Thursday, “The government will strongly push for labor reform as the first task to ensure that the Korean economy takes a new leap forward,” stressing, “Labor reform equals jobs.” In... 

Tiger Woods to open a restaurant in Florida

Tiger Woods, who was once nicknamed as "Golf Emperor" but has fallen to the 262nd place in the world golf ranking after suffering a long-term slump, will open a restaurant. Woods posted two food photos on social media...

Gov`t to impose tax more strictly on vehicles for business use

From the year of 2016, the Korean government will impose tax more strictly on vehicles designated for business use. In addition, a business which has recently reported a default makes profit, the business should pay...

Bill introduced in parliament to make seat belt wearing mandatory

A bill has been introduced in the National Assembly to make it mandatory for passengers to fasten seat belts in all seats while the car is running on a road in Korea. According to the General Insurance Association in...

`Thermomix’ popularity growing around the world

The world’s smallest and smartest kitchen,’ ‘22nd Century kitchenware from the future,’ and ‘Luxury products that a consumer has to wait for two months for delivery after making payment despite the hefty price of 1,200...

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...

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


Chosun Ilbo (

Heat Wave to Abate This Weekend

The heat was relentless across the country on Thursday, with temperatures soaring to 38.3 degrees Celsius, the highest temperature this year, in Daegu and Uiseong, North Gyeongsang Province. >> Full Text

Kim Dae-jung's Widow Delivers Humanitarian Aid in Pyongyang

Lee Hee-ho, the widow of former President Kim Dae-jung, visited an orphanage and a nursery in Pyongyang on Thursday, the second day of her stay there. Lee delivered humanitarian goods including woolen hats and mufflers that she had prepared with a civic group of which she is honorary chairwoman, according to the Kim Dae-jung Peace Center. >> Full Text

Office Air Conditioning 'Discriminates Against Women'

Air conditioning units are designed for the body temperature and metabolism of men, a study suggests. That would explain why women in offices often wear cardigans while the men comfortably stroll around in shirtsleeves. >> Full Text

Hyundai-Kia's Domestic Market Share Rebounds

Chinese Sculptor to Build Wax Museum in Pyongyang

New Luxury Cabs to Start Trial Run in October

Hyundai to Halt Production of Veracruz SUV

Global Documentaries Set for Screening at EBS Festival

S. Korea Ties Japan at East Asian Cup

Risk of Food Poisoning Rises in Summer


Hankyoreh Shinmoon (

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.


JoongAng Ilbo (conservative): (

Park delivers an impassioned pitch for reforms

President Park Geun-hye made a strong call for reforming Korea’s labor market, stressing that the country’s competitiveness is being eroded at a worrying pace because of its rigid labor practices. “The government will strongly push for reforming the labor market as a first step to reviving…

North’s spokesman warns of ‘second Korean War’

A spokesman for North Korea’s top diplomat warned that continuing the annual joint military exercises between Seoul and Washington may provoke Pyongyang…

Tax breaks designed to breathe life into economy

The government announced a set of revisions to the tax laws, offering breaks to spur domestic consumption, increase hiring of young people and encourage…

Focus on vague Lotte unit

Shin Dong-bin, chairman of Lotte Group and co-CEO of Japan’s Lotte Holdings, has further tightened his grip on the retail group by taking over…

Jaguar hopes to pounce into sport sedan market

Luxury carmaker Jaguar has joined the battle for compact sport sedan sales in Korea. Targeted at a new generation of young drivers…

Conglomerates, FKI host independence festivals

The business lobby Federation of Korean Industries (FKI) and nine conglomerates, including Samsung and Hyundai Motor, are holding festivals in Seoul…

Report mutes past statements by Japan

Prime Minister Shinzo Abe received a report from his advisory panel on how to proceed in his address next week to mark the 70th anniversary of the end of World War II, …

Blue House set to decide presidential pardon list

The Blue House on Thursday is expected to finalize its decision on whether to give high-profile businessmen presidential pardons…

Pyongyang, Beijing team up to launch wax museum

Pyongyang and Beijing have joined hands to establish a wax museum with effigies of the leaders of both countries in Mangyongdae…

Saenuri backs labor sector overhaul

Ruling Saenuri Party Chairman Kim Moo-sung and Rep. Rhee In-je have positioned themselves at the center of President Park Geun-hye’s mission…


Maeil Kyungje (neutral-oriented conservative, economic/business): (

S1 rolls out flip smartphone tailed for silver surfers

South Korea’s security solution provider, S1, released the Galaxy Security Folder on Thursday. It is the flip smartphone which dramatically strengthened security func.. ...08.07 11:00

No tax savings account for up to $1,700 due out next year

Individual savings account (ISA) will be introduced in South Korea starting from next year, which does not charge tax on up to two million won ($1,714) in net proceeds.. ...08.06 17:52

Park vows to push ahead with labor reform

President Park Geun-hye pledged Thursday to push ahead with reforming the labor market first and foremost as part of efforts to boost South Korea’s economy, saying la.. ...08.06 17:40

Hancom joins hands with Kingsoft

Hancom, Korea’s leading office software provider, has joined hands with Kingsoft, China’s largest office software developer, to enter the Chinese market. The Korean .. ...08.06 17:09

LG Uplus takes stake in US robot firm JIBO

LG Uplus (LG U ) jumped in the smart robot business. LG U ploughed $two million into the US-based IT venture firm JIBO, it said Thursday. JIBO is developing an arti.. ...08.06 17:00


Deputy PM orders public institutions to complete wage peak system this mon..

Despite the government’s strong desire for the introduction of a wage peak system to the public sector, efforts are very slowly underway at public institutions, promp.. ...08.06 14:34

SK Hynix and SanDisk cement ties

SK Hynix will expand cooperation with SanDisk including its supply of DRAM to SanDisk, with SanDisk dropping all of its lawsuits against SK Hynix. The cooperation betw.. ...08.06 14:26

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


The Kyunghyang Shinmoon (

Lee Hee-ho Arrives in Pyongyang: Expectations of a Breakthrough in Inter-Korean Relations

Lee Hee-ho (93), first lady to former President Kim Dae-jung, arrived in Pyongyang on August 5 for her four-day visit to North Korea. This is her first visit to···

Will Moon Jae-in's Game Changer Work? 'If the Ruling Party Accepts Proportional Representation by Zones, We Will Discuss a Full Open Primary'

New Politics Alliance for Democracy leader Moon Jae-in (62, photo) said on August 5, "If the Saenuri Party accepts proportional representation by zones, we wil···

[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 Capital 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···


The Korea Economic Daily (

Financial Sector Reform Urgent...President Park

President Park Geun-hye said on August 6, "The government will do everything to reform the financial industry that plays the role of the blood vessel for the economy." In a special address made in the morning of Thursday, the President said, "Since the global financial crisis, the world has changed ...

President Promises Raise of Unemployment Benefit to 60% of Average Wage

President Park Geun-hye said, "In order for workers who lost jobs to maintain their livelihood, the government will raise the unemployment benefit level to 60 percent of the average wage from current 50 percent while extending the length of unemployment benefit period by 30 days from current 90-240 ...

Korean Pilots Leave for Chinese Airlines for Higher Pay

A large number of Korean civilian airline pilots are taking jobs in Chinese airlines. According to industry sources on August 6, as many as 50 pilots at Korean Airlines have left their positions this year to date and took offers from Chinese air carriers. Most of captain-level pilots went to airline...

Samsung to Expand Investment in Vietnam up to 3.5 Tril. Won

Samsung Display plans to expand its OLED module plant in Vietnam. According to Samsung on August 6, Samsung Display garnered an approval from the Vietnamese government for its plan to increase investment in the Vietnam production plants up to US$3 billion from $1 billion. At present, Samsung Display...

Samsung Electronics Narrows Its Gap with Intel

Samsung Electronics is fiercely chasing Intel in the global semiconductor market. According to market research firm IC Insights on August 7, Samsung Electronics achieved semiconductor sales of US$10.3 billion in the second quarter of this year, including foundry sales. This figure is up 10 percent f...


AJU Business Daily (

President Park vows to overhaul labor market

Citizens listen to President Park Geun-hye's nationally televised speech at Seoul Station on Thursday. In the speech, Park pledged to press ahead with plans to reform the labor market as part of e…

Imported car sales soar 14.3% on-year in July: industry data

Sales of imported cars in South Korea soared about 14 percent in July from a year earlier, industry data showed Thursday. The number of newly registered foreign vehicles totaled 20,707 last month, …

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.



D-RAM For Server Application Is Far Ahead Of Other D-RAMs…Samsung Electronics And SK Hynix’s Control Over Markets Will Continue

D-RAM for server application is leading growth of memory semiconductor market due to its high growth rate. Market for D-RAM for PC application declined as PC market...

Read the full story

1-Nano Ultra-Micro Gap Metal Sensor Is Manufactured By Adjusting Micro Gap Between Metals

Technology that manufactures 1 nm ultra-micro gap metal sensor by adjusting micro gap between metals is developed. Team led by Professor Kang Tae Wook of Sogang University...

Read the full story

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...

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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...

Read the full story

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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