Aug. 10, 2015

The Korean daily media headlines and humor

Monday, Aug. 10, 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:

URGENT: Tour of Gyeongjju Silk Road Culture Expo was expanded to one-night-two-day tour from a one day event and the departure time was changed to 0900 hours Friday morning 21 August 2015 from 0730 hours the same day. Accordingly the returning time in Seoul has also been changed to 12:32 hours hours the following day (Saturday 22 August) instead of Friday 21 August.

It is considered good news because the previous time (0730 hours) was too early and also the new schedule allows ample time to tour the famed Yangdong Folk Village.

A new schedule will be emailed to Your Excellency within today and I hope that the changed schedule would meet Your Excellency’s convenience.

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 a one-night-two-day tour and 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

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

/news/view.html?smode=&skey=food&x=15&y=11&section=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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Today’s humor:

Hankuk Kyungje

Obstinate Passenger

Explaining luggage regulations to passengers can often be quite a tough task for flight attendants.

One day a woman tried to board with an enormous bag.

The flight attendant told her why it could not be carried to her seat, but the woman argued that her bag was a carry-on because it had wheels and a handle.

The attendant was firm and said, “My Ford car has wheels and a handle, but that doesn’t make it a carry-on.”

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

President Considers Attendance at China's Victory Day Ceremony

The presidential office said Monday that President Park Geun-hye is deliberating whether to accept China’s invitation to a ceremony marking the 70th anniversary of the end of the World War II.

'US May Press S. Korea to Increase Defense Contribution'

Justice Ministry to Compile Pardons List, Submit to Presidential Office

President Considers Attendance at China's Victory Day Ceremony

'ARF Members Hope for Complete Denuclearization of Korean Peninsula'

Survey: 8 in 10 S. Korean Firms Would Pursue Business in N. Korea

OECD Report: 34% of S. Koreans Trust Gov't

'Japanese' to be Removed from English Names of Korean Plants

Former First Lady Returns from N. Korea, No Meeting with Kim Jong-un

UN Agency Not Notified of N. Korea's Time Change

Former First Lady Visits Mt. Myohyang in N. Korea

US Magazine Criticizes Japan's Historical Revisionism

No 'Apology' in Abe's Draft Statement

China Consortium to Set up Base to Salvage Sewol

No New MERS Cases for 35th Consecutive Day

Elderly Sex Slavery Victim Dies at 93

School Texts to Include More Content on

Pentaport Rock Festival Kicks off in Incheon

Various Events in Seoul to Mark 70 Years of

5 Vaccinations Recommended for Foreign Residents

Robot Festival to Kick Off in S. Korea

SK Telecom to Build LTE Network for Sea Service

S. Korea Wins Little League Baseball Intermediate World Series

S. Korea Wins Men's East Asian Cup

S. Korea Finishes Second at Women's East Asian Cup

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

Park mulls whether to attend China ceremony

President Park Geun-hye is considering whether to visit Beijing next month for a high-profile celebration of China's victory over Japan in World War II, an official said Monday.

N. Korea spurns S. Korea's offer for talks: gov't source

North Korea has rejected a proposal by South Korea for inter-Korean talks, which was made to coincide with a rare visit to the North by the widow of former President Kim Dae-jung, a government source said Monday.

Samsung tops all smartphone markets except N. America

South Korea's top tech giant Samsung Electronics Co. topped smartphone markets around the globe, except for in North America, in the second quarter on robust sales of low- to mid-end devices, data showed Monday.

Many firms willing to do business in N. Korea after unification

A majority of South Korean companies are interested in doing business in North Korea after the divided peninsula is unified, but most think strained inter-Korean relations may make a united Korea unlikely, a poll showed Monday.

U.S. denies asking President Park not to attend China ceremony

The United States Sunday denied a news report that it has asked South Korean President Park Geun-hye not to attend China's celebrations of the 70th anniversary of the end of World War II.

N. Korea spurns S. Korea's offer for talks: gov't source

N. Korean FM arrives in Thailand

Hyundai, Kia whip out discounts in China amid slump

Seoul shares open lower on auto, builders

Major shipbuilders to rack up record losses this year

KOSPI 2,008.44 DN 1.79 points (open)

KOSDAQ 754.60 UP 3.11 points (open)

Youngsters enjoy coming-out party at East Asi..

S. Korea clinches East Asian Cup football title

Korea held to draw by N. Korea at East Asian Cup

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

S. Korean men claim East Asian Cup title

South Korean men's football team claimed their third East Asian Cup title, Sunday. Though South Korea was held to a scoreless tie with North Korea, the country came out on top with five points on one win and two draws in the bie...

Used article trading site hit by swindlers 

Action is being called for to combat swindlers on Joonggonara, the nation’s most popular website for the trade in used goods, as fraud cases continue to grow.

'US likely to oppose Park's Beijing visit in September' 

The United States is likely to oppose President Park Geun-hye taking part in China’s celebrations to mark the 70th anniversary of Japan’s surrender at the end...

Honam lawmakers stand against Moon 

Seventeen lawmakers of the New Politics Alliance for Democracy (NPAD), the majority of which have constituencies in the Honam region, have joined hands to sta... 

Sex offenses investigator faces groping allegations 

An investigator, who led an inquiry into allegations of sex offenses at a public high school in Se... 

Another Japan's sexual slavery victim dies 

Park Yoo-nyun, 94, one of the women who suffered during Japan’s wartime sexual enslavement of wome... 

Hyundai Motor forced to cut prices in China 

Hyundai Motor, which is struggling in China in fierce competition with local brands armed with che...

SNU to toughen honors rules 

Seoul National University (SNU) said Sunday that it will cut the proportion of honor levels to degrees awarded to graduates. 

Alcohol blamed for domestic and sexual violence 

Seven out of 10 domestic and sexual violence offenders were drunk when they committed their crimes... 

Court backs decision to fire man over porn at work 

A man fired for downloading pornography at work was rightly dismissed, a court said Sunday.

Financial firms to take stern action against 'rude' customers 

The financial regulator is cracking down on people who abuse call center operators. This is good news for veteran call center manager Lee who described how st...

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

Parties, government up pressure over Lotte governance

Political parties and the government are upping pressure to revamp conglomerates’ governance structures, as Lotte’s s...

Sex crimes at schools left unchecked

A group of high school teachers hang out at a local karaoke bar. One of the teachers, a man in ...

Ex-first lady Lee fails to meet N.K. leader Kim

Lee Hee-ho, the widow of former South Korean President Kim Dae-jung, returned home Saturday wit...

LGE likely to benefit from China’s growing OLED activity

More Chinese TV-makers are jumping on the bandwagon to roll out organic light-emitting diode TV...

Nagasaki marks 70th anniversary of bombing

Japan on Sunday marked the 70th anniversary of the atomic bombing of Nagasaki that claimed more than 74,0...

Divided in time

In an abrupt move not unusual for the isolated North Korean regime, its official news agency...

No leniency

President Park Geun-hye is expected to convene a Cabinet meeting Thursday to finalize the sc...

Quidam’ to allure audience with warm message in dark hues

A world-famous Canadian stage show will come to Seoul in early September to entice passionate K...

Mercedes me’ reaches out to Busan’s young drivers

Mercedes-Benz Korea is running a pop-up promotion space dubbed “The Mercedes me” in Busan thr...

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

Washington requests Pres. Park not to take part in China’s war victory event

Citing American government officials and diplomatic delegation, Japan’s Kyodo News reported on Sunday that Washington has requested, through Seoul’s diplomatic channel, President Park Geun-hye not to attend the... 

Jazz band Chick Corea’s another ‘Inside Out’

Soundtrack of the animated film "Inside Out" is a masterpiece, as great as the movie itself. Its soundtrack is as amazing as images and the story about five different characters representing five emotions (Joy,...

5 Koreans on Forbes list of 100 richest tech billionaires

According to the "Richest People in Tech" list announced by the American economic weekly Forbes on Friday, 20 Chinese tech leaders were named in the list including Jack Ma, the founder of the world’s biggest e-commerce...

Concert to be held in commemoration of memorial day for comfort women

In commemoration of 70th anniversary of Korea’s independence and International Memorial Day for the "Comfort Women," the peace concert “Navi (butterfly)” where victims of Japan’s military sexual slavery gather together...

Apartment costs $1.7 million on average in Manhattan

"Crazy Manhattan." This is what New Yorkers have to say about skyrocketing prices of apartments in Manhattan, New York. According to U.S. media, including the New York Times on Saturday (U.S. time), the average price of...

Kang Jung-ho enjoys national stardom in Major League

The game that drew attention the most over the weekend was the showdown between the Pittsburgh Pirates and the LA Dodgers, and that between Toronto and the New York Yankees. Toronto and Yankees are competing to become...

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)

N. Korea to Change Standard Time

North Korea on Friday announced it will set its clocks back half an hour behind South Korea and Japan, joining Myanmar in a select club of nations that spurn the convention of GMT /- full hours. >> Full Text

Kim Jong-un Snubs Kim Dae-jung's Widow

Lee Hee-ho, the widow of former president Kim Dae-jung, returned from North Korea on Saturday without meeting leader Kim Jong-un, dashing hopes that her gentle philanthropism could pave the way for better ties. >> Full Text

Beat the Heat with Seasonal Fruit

Seasonal fruit contains a lot of healthy nutrients that promote good health. Summer is high season for peaches, which are popular for their sweet and tangy flavor and juicy flesh. Peaches are low in calories but still very sweet. >> Full Text

LG, Google to Roll Out New Nexus Phone in October

Samsung Heiress' Husband Wants to Save Failing Marriage'

Assassination' Star Lee Jung-Jae to Deliver Hugs to Fans Office

Air Conditioning 'Discriminates Against Women

'Hyundai-Kia's Domestic Market Share Rebounds

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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.

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

Lee Hee-ho fails to meet Jong-un in North Korea

Ex-first lady snubbed by official in charge of inter-Korean relations

After Lee Hee-ho, widow of former President Kim Dae-jung, returned to Seoul without having met North Korean leader Kim Jong-un during a four-day trip to Pyongyang, concerns grew over the intractability of the freeze in inter-Korean relations. Kim Jong-un seemed to be signaling his lack of interest…

Fraternal war at Lotte still building to a climax

The public battle between Shin Dong-joo, the eldest son of the Lotte Group founder, and his younger brother, Shin Dong-bin, is expected to climax later this month,…

July home sales skyrocket in Seoul

Residential real estate transactions in July surged to a new monthly high since July 2006.According to the Ministry of Land, Infrastructure and Transport on Sunday…

Big car discounts in China

Hyundai Motor and Kia Motors have decided to offer their biggest discounts ever - up to 30 percent of the sticker price - to boost plunging sales in China…

Another comfort woman dies

A Korean woman forced to work in a Japanese military brothel during World War II died over the weekend, a civic group supporting the victims…

SNU makes academic honors harder to earn

Seoul National University (SNU) said Sunday it will drastically revise its academic distinction system for honoring graduates with summa cum laude…

WWF-Korea appoints Simon Yoon to be its CEO

The Korean branch of the World Wildlife Fund (WWF), a nongovernmental organization dedicated to wildlife conservation and endangered species, said Sunday …

Air France country chief bullish on Asia

Air France-KLM is known as one of the early pioneers of the Asian market and was the first European airline to start direct flights from Seoul to Europe in 1984.…

Activism by investors

Activist investors are increasingly successful when they seek to influence their target companies’ strategy rather than push for financial rewards…

Putting a face on the plastic in your pocket

Hyundai Card is hoping to deepen its relationship with credit card holders by allowing them to visit the company’s factory. Located on the 10th floor …

After retirement, it’s dream time

While other companies focus on boosting salaries or offering bonuses and benefits to compensate current employees…

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

Hyundai Motor sells more than 20,000 units of LF Sonata in US in July

Hyundai Motor and Kia Motors have fared well in the US market. With the highest monthly sales record last month, Hyundai is said to sell more than 20,000 units of LF S.. ...08.09 17:33

LG expects growing OLED TV market

LG Electronics, a South Korean flagship tech giant, has rejoiced at more and more Chinese companies having jumped into organic light-emitting diode (OLED) TV market. T.. ...08.09 17:31

Coop Taxi and Kakao Taxi reshaping S. Korea taxi industry

The Coop Taxi which has been barely seen in Seoul is sharply growing in number. It is operated under the cooperative system and thus allows cooperative members to part.. ...08.07 17:26

Multinational firms should report governance structure details from 2017

Large Korean companies and multinational firms operating in Korea will be forced to report their detailed governance structure, business transactions and M&A deals to .. ...08.07 17:07

Gov’t to tighten punishment for sex offenders

The South Korean government is seeking to toughen penalties on those who conceal sexual assault in school or do not take appropriate countermeasures against such incid.. ...08.07 16:44

Gov’t gears up for follow-up measures for wage peak system

The South Korean government launched efforts to devise follow-up measures regarding the presidential statement made by President Park Geun-hye on Thursday over intensi.. ...08.07 16:25

Park Jung-hee holds crown as best ex-president in S. Korea

South Koreans have picked the late president Park Jung-hee as their best ex-president, followed by Roh Moo-hyun and Kim Dae-jung, according to a poll released on Frida.. ...08.07 15:11

S. Korean researchers develop dream semiconductor technology

South Korean researchers have successfully developed a new technology to make a two-dimensional (2D) material, much thinner than 1/100,000th of a human hair, as a semi.. ...08.07 14:05

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

Prime Minister Abe Leaves out the Three Non-nuclear Principles from Hiroshima Memorial Speech

There was no mention of the three non-nuclear principles in the memorial speech commemorating the seventieth anniversary of the Hiroshima atomic bomb explosion.···

"Let's Escape the Heat" More than 30,000 People Gather at Duryu Park, Daegu

The nation is fighting a scorching battle as the heat wave continues. Summer vacation spots like beaches and urban parks are crowded with people trying to escap···

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···

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

Salary Gap between Execs and Rank & File at Top 30 Groups Widens

The salary gap between executives and rank-and-file employees of top-30 publicly listed companies has widened further. By individual company, Samsung Electronics had the largest gap while Hyundai Department Store Group took the top spot in term of business group. Of the top-30 conglomerates, the No....

Korean People's Trust in Government One of Lowest among OECD Nations

A study said seven out of ten Koreans do not trust the government. The figure is lower than that for governments in Indonesia, Turkey, or Brazil. Especially for the degree of trust in the judicial system, Korea's ranking was at the bottom. According to the Government at a Glance 2015 report published...

Number of Small Self-employed Down by 107,000 in 1H

During the first half of this year, as many as 107,000 self-employed businesses closed their shops due to the overall economic slump and the Middle East Respiratory Syndrome outbreak. According to the National Statistical Office on August 9, the number of the self-employed without any salaried worke...

SundayToz Sees Sales Halved in 2Q

SundayToz, a developer of the popular mobile game Anipang, posted sales of 20.2 billion won, and operating profit of 6.6 billion won for the second quarter of this year. Backed by the lasting popularity of its Anipang series, SundayToz remained in the black for 12 straight quarters. Its sales and op...

[Market Insight] Coway to Be Put on the Market for Sale

Coway, Korea's No. 1 rental company in home appliances such as water purifiers and air purifiers, will be put on the market for sale. It has been only two years and a half since private equity firm MBK Partners acquired the unit from Woongjin Group in January 2013. According to investment banking s...

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

Liberation Day celebrations

Taegukgi, South Korea's national flag, flies on the country's easternmost islets of Dokdo on Thursday in this video relayed in real time by KT Corp., the nation's second-largest mobile car…

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' 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 …

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

Samsung Demonstrates FD-MIMO In Real Time For The First Time In The World…It Accelerates Its Leadership Over Competition For 5G Standard

Samsung demonstrated FD-MIMO60, which is a main technology to improve 5G network speed and install more capacity, in real time for the first time in the world. Whi...

Topbattery Develops Gen 2 Lithium Iron Phosphate Battery That Surpasses Lithium Ion

Gen 2 Lithium Iron Phosphate (LFP) Battery, which surpasses Lithium Ion Battery¡?s charge and discharge functions, has come out in Korea¡?s medium to...

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...

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...

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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