Aug. 11, 2015
The Korean daily media headlines and humor
Tuesday, Aug. 11, 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:
Ever heard of Kittenball Prince? It is an interesting puzzle game that can be enjoyed all the family members, including kindergarteners.
Here is the game: /news/view.html?section=162&category=182&no=1022
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Gyeongju Festival is a 1-night-2-day tour instead of a single-day event
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 0845 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
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
Woman's Advantage
It’s better to be a woman, because:
-Taxis stop for us.
-Free drinks, free dinners, free movies…
-Men die earlier, so we get to cash in on the life insurance.
-We have enough sense to realize that the easiest way to get out of being lost is to ask for directions.
-If we marry someone 20 years younger, we’re aware that we look like an idiot.
-We know which glass was ours by the lipstick mark.
-We got off the Titanic first.
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KBS (http://world.kbs.co.kr/english/news/)
Defense Chief Considers Tougher Operations to Secure DMZ Control
The South Korean Defense Minister has discussed the possibility of launching military operations in the DMZ to seize fuller control over the area.
Top Office Urges N. Korea to Apologize for DMZ Explosions
Parties Condemn N. Korea's Mine Provocation
UN Urges N. Korea to Adhere to Armistice Agreement
S. Korea Issues Highest Alert in Border Regions amid Loudspeaker Campaign
S. Korea Resumes DMZ Psychological Warfare
Seoul Vows Retaliation over DMZ Explosions
Lotte Group Chief Issues Apology over Family Feud
Largest-Ever Korea Grand Sale to Open Friday
Defense Chief Considers Tougher Operations to Secure DMZ Control
Defense Chief Plans Military Operations to Seize Control at DMZ
Top Office Urges N. Korea to Apologize for DMZ Explosions
KOSPI Falls Below 2,000 Threshold
S. Korea Earns Largest Added Value from ICT
Key N. Korean Web Sites Go Dark
'Seoul Attempted to Propose Inter-Korean Talks'
Former First Lady Returns from N. Korea, No Meeting with Kim Jong-un
Foreign Ministry to Review Sending Aid to S. Koreans in Typhoon-Hit Saipan
UN Urges N. Korea to Adhere to Armistice Agreement
Kyodo: Abe to Mention Aggression, but not Japanese Aggression
Ancient Dokdo Maps Displayed at Nat'l Assembly
Labor Minister Dismisses Union Demand Not to Ease Layoff Rules
Justice Ministry's Committee Deliberates on Special Pardons Recipients
Palman Daejanggyeong Confirmed to Have
School Texts to Include More Content on
Heat Wave Advisories Lifted
5 Vaccinations Recommended for Foreign Residents
Robot Festival to Kick Off in S. Korea
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)
Savings banks swing to net profit in fiscal 2014
South Korea's savings banks turned to the black for the first time in seven years in fiscal 2014 from a year earlier as they set aside less bad loan reserves, the financial watchdog said Tuesday.
Ex-Japanese PM to visit Korea's colonial relic
Former Japanese Prime Minister Yukio Hatoyama will make a highly unusual visit this week to a onetime prison in Seoul, a symbol of Japan's oppression and atrocities during its colonial rule of Korea from 1910-45, officials said Tuesday.
Envoy attacker rejects trial on security law violation charges
The man who slashed the top U.S. envoy to South Korea earlier this year has protested his trial, claiming a new charge against him is unfair.
GM Korea launches latest version of Impala full-size sedan
GM Korea Co., the local unit of U.S. carmaker General Motors Co., said Tuesday that it has launched the sale of the latest version of the Chevrolet Impala in South Korea in a bid to expand its foothold in the full-size sedan market.
Lotte chief apologizes for family feud, vows governance reform
Shin Dong-bin, the head of the country's No. 5 conglomerate, apologized Tuesday over the group's much-criticized succession feud and pledged to make the retail giant's murky governance structure more transparent.
Seoul mulling whether to support pest control for pine tre..
Today in Korean history
N. Korea's trade with China tumbles this year: KDI
N. Korea to hold annual trade fair in Rason trade zone
S. Korea, Britain eye closer ties in defense industry
China cheapens yuan currency as economy slows
Won hits over 3-year low vs. dollar as stocks plunge
GM Korea launches latest version of Impala full-s..
Jang Na-ra uninjured after car accident
S. Korea to hold various events to mark Liberation Day
Girls' Generation to release 5th album
'Saimdang' producers join hands with Hong Kong group
For actress Jeon Do-yeon, 'easy' is overrated
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The Korea Times (http://www.koreatimes.co.kr)
Lotte chief apologizes for family feud, vows governance reform
Shin Dong-bin, the head of the country's No. 5 conglomerate Lotte, on Tuesday apologized over an ongoing succession feud that has triggered nationwide criticism on the retail giant's murky governance structure and a debate on its nationality.
Emperor to invest in 'Saimdang, the Herstory'
Top actress Lee Young-ae’s fame is undiminished. Recently, Hong Kong Emperor Group announced it pl...
South demands North's apology, punishment over mines blast
South Korea has demanded North Korea apologize and punish those responsible for planting land mines inside the Demilitarized Zone (DMZ) that seriously wounded...
Samsung considers appliance plant in Myanmar
Samsung Electronics is considering building facilities in Myanmar to make home appliances. It is part of efforts to respond to rising labor costs in China and...
Park mulls attending Beijing's war ceremony
President Park Geun-hye is considering attending a war anniversary ceremony in Beijing next month,...
Competition heats up for 2 casino licenses
Kolon, Grand Korea Leisure (GKL) and 32 other companies are competing to win two licenses to build...
President urges Abe to apologize
President Park Geun-hye urged Japanese Prime Shinzo Abe to sincerely apologize for his country’s w...
Lotte mulls IPO to increase control in Korea
Lotte Group is considering an initial public offering to list shares of its affiliate Lotte Hotels & Resorts on the main Korea Exchange to help improve transp...
Daum Kakao to boost mobile business
Daum Kakao, operator of the nation’s top mobile messenger KakaoTalk, named a venture capital head ...
'Sex offenders abuse positions of power'
A series of sex abuse cases has shocked the nation as most of the offenders are lawmakers, teacher...
NK rejects Seoul's proposal for high-level talks
North Korea has rejected South Korea’s proposal for high-level talks on the occasion of the 70th a...
Samsung diseased workers talks see breakthrough
A breakthrough is expected in the stalled talks between Samsung Electronics and the victims and families of workers who died or contracted incurable diseases ...
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The Korea Herald (http://www.koreaherald.com)
Seoul resumes border broadcasts
North Korean troops had recently crossed the border and deliberately planted the three land mines that inflicted serious injuries on two South Korean soldiers, the Joint Chiefs of Staff said Monday, condemning the provocation and warning of “severe punishment.”
Park mulls attending China’s WW II event
The South Korean presidential office said Monday it was considering China’s invitation sent to...
Korea rises to No.6 exporter
South Korea was the sixth-largest exporting nation accounting for 3.1 percent of total world ...
Movements carry wish for unification
A special wedding ceremony took place Sunday at Ganghwa Peace Obs...
Loss-laden DSME struggles to survive
The money-losing Daewoo Shipbuilding and Marine Engineering, the world’s biggest shipbuilder by order ba...
Zero tolerance
As a public outcry mounts over sexual molestation and harassment cases at a high school in S...
Political commitment
The government included plans to tax the incomes of members of the clergy in a package of pr...
Infinite begins second world tour in Seoul
Explaining the name of their second world tour, Infinite member Sungyeol said: “Bringing every...
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DongA Ilbo (http://english.donga.com)
Korean team wins top prize at ‘Hackers World Cup’ for first time
A hackers team comprised of Korea University students have clinched the top prize at "Hackers’ World Cup," which draws attention from hackers around the world. According to the Science, ICT and Future Planning...
Kang Jung-ho emerges as Pittsburgh’s Dodgers killer
Kang Jung-ho of the Pittsburgh Pirates made glaring debut at the "Sunday Night Baseball," ESPN’s national baseball game program, with a three-run homer on Monday (Korea time). Pittsburgh crushed the LA Dodgers 13-6 on...
Kia Motors, 3 telecom firms, Naver win Red Dot Design Awards
Korean companies received en masse "2015 Red Dot Design Awards," one of the world’s top three design prizes. At this year’s Red Dot Design Award, 7,451 submissions from 53 countries competed for the award. The world’s...
Chung Hyeon advances to ATP Rogers’ Cup finals
Chung Hyeon (19), the rising star in Korean tennis, has secured a berth to advance to the ATP Tour 1,000 Series, the highest level of championships after the major championships. In the final of the qualifying games...
Musical festival to be held in downtown Seoul
Musical festival is to be held at the center of Seoul. Seoul Musical Festival, Korea’s first-ever festival for home-grown musicals, is slated to be held in Chungmu Art Hall and Dongdaemun Design Plaza (DDP) from Aug. 17...
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...
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)
2 Soldiers Maimed by N.Korean Mines
Two non-commissioned officers were injured on Aug. 4 when wooden-box mines planted by North Korea in the demilitarized zone near Paju, Gyeonggi Province exploded, the Defense Ministry here said on Monday. The blast severely damaged the officers' legs. >> Full Text
Most S. Korean Businesses Would Expand to North
Nine out of 10 South Korean companies would be interested in doing business in North Korea after reunification. A survey on 500 companies here shows 30.8 percent very interested in doing business in the North, and 56.4 percent interested if the conditions are right. >> Full Text
Heat Advisories Lifted
All heat wave advisories for most regions of the country were lifted on Monday as cooling rains were expected Tuesday. The Korea Meteorological Administration lifted the heat advisories as of 6 p.m. Monday, a spokesman said. >> Full Text
How Korea's Economy Has Flourished Since Liberation
Park Slams N. Korea's Decision to Turn Back Clocks
Korean Major Exports Lose Ground in China
Huge Meteor Shower to Light Up Skies This Week
Samsung Keeps Lead in Most Smartphone Markets
Football Players Return Home, Meet Cheering Fans
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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. .
Inspection finds 566 manufacturing companies using illegal dispatch labor
Workplace inspections by the Ministry of Employment and Labor have found that one out of every three factories in major industrial complexes in South Korea is using illegally dispatched workers. The practice of continuing to use dispatch workers “for temporary or intermittent reasons” was found to be particularly rampant at direct production lines in the manufacturing industry, even though dispatch work is banned in that work area.
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JoongAng Ilbo (conservative): (http://koreajoongangdaily.joinsmsn.com/)
Mines placed in DMZ by North maim 2 soldiers
South Korea’s military has determined North Korea was behind the detonations of three land mines that maimed two soldiers on patrol in a highly fortified border area last week, sending tensions on the peninsula soaring…
Economic report card released for Korea’s 70th
In the lead-up to the 70th anniversary of the end of World War II and Korea’s liberation from Japanese colonial rule, Statistics Korea released a special report Monday…
Park faces U.S. flak over Beijing trip
The Blue House denied a report that Washington is pressuring President Park Geun-hye to stay away from a commemoration by China of the end of World War II…
Mood darkens for trade in China
The business sentiment of Korean companies in China has worsened in the second quarter - particularly in the automotive and electronics sectors - mainly…
Mobile platforms more favored, BOK reports
In a country where eight out of 10 people use a smartphone, financial transactions via mobile platforms are only getting more popular…
Chinese deflation worries a dependent Korea
China is facing deflation, with its producer price falling 5.4 percent at the end of last month from a year earlier.…
Dispute stalls museum opening
When a memorial hall honoring Korean workers forced into labor under Japanese colonial rule was completed last year in the southern port city of Busan,…
Hongdae restricts the buskers that adore it
As a neighborhood known as a mecca for underground artists, Hongdae is where busking performances run around the clock and a rich cultural life…
Dirty teachers still get full pensions
A famous poet who taught at a private middle school was dismissed in 2013 after he was convicted of sexually assaulting a female student in his homeroom.…
Kospi’s brief dip worries investors
The benchmark Kospi index slipped below the 2,000 mark Monday for the first time in five months, and just a quarter after breaking the 2,100 mark in March…
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Maeil Kyungje (neutral-oriented conservative, economic/business): (http://news.mk.co.kr/english/)
LG an exclusive supplier of air conditioner and TV to iconic bldg in Chica..
LG Electronics is spurring efforts for business-to-business (B2B) transactions with the supply of system air conditioners to a landmark building in Chicago. South Ko.. ...08.11 14:44
KCTU requests withdrawal of easy dismissal before tripartite meeting
Expectations ran high about the resumption of a dialog between representatives of the government, labor and management before Korea’s Independence Day, but it seems t.. ...08.11 14:09
Samsung beats out rival Japan in semiconductor, shipbuilding and TV
Samsung Group is leading the pack in the global market beyond a business group that represents corporate Korea. When Samsung jumped into the memory chip business in .. ...08.11 13:28
Report: S. Korea’s per capita debt put at $210,000 in 2060
A government report was released over a gloomy forecast on the state indebtedness. The report says the nation’s sovereign debt would double every decade and exceed 11.. ...08.11 11:09
Samsung kicks off ‘restart drive’
The year 2015 will be the first year for Samsung Electronics to restart its drive to promptly respond to technological changes and be ahead in the race with global pla.. ...08.11 10:21
Samsung TVs taking off in Europe
South Korea’s Samsung Electronics announced on Monday that its SUHD TV made it on the top of the list of new TV products for assessment conducted in five European cou.. ...08.11 10:03
DMZ mine blasts caused by N. Korea
Three North Korean wooden-box land mines, injuring two South Korean staff sergeants last Tuesday, were the cause of the explosion on the southern side of the DMZ, the .. ...08.10 18:03
Daum Kakao to be led by 35-year-old Rim Ji-hoon
Daum Kakao surprisingly appointed Rim Ji-hoon, an outside member aged 35, as its new single head. The internet firm said Monday it named Mr Rim to lead the firm with a.. ...08.10 17:45
Gov’t to accelerate budget spending in addition to supplementary budget
The government will execute 5 trillion won ($4.29 billion) of its planned spending earmarked for the fourth quarter during the third quarter in order to boost the econ.. ...08.10 17:34
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The Kyunghyang Shinmoon (http://english.khan.co.kr/)
Feature on the 70th Anniversary of National Liberation: Let's Break away from the Seven Major Vices] The Wall of Regionalism Containing South Korea Should Be Torn down with Electoral System Reforms.
"Small land, same language, one ethnic root, same culture...." South Korea is one of the most homogeneous countries in the world, but the reality is a para···
[Exclusive] The Tripitaka Koreana and Uigwe, the Royal Protocols of the Joseon Dynasty: What to Do with Traces of Japan
Is it 81,352 plates or 81,316 plates? The number of wooden blocks of the Tripitaka Koreana (national treasure no. 32, Tripitaka carved in wooden blocks prese···
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···
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The Korea Economic Daily (http://english.hankyung.com/)
China's Currency Depreciation Move Has KOSPI Shaken up
The Korean stock market was buffeted hard by the Chinese government's decision to depreciate its currency as part of an effort to revive its slowing economy. Amid a situation in which the governments of the European Union and Japan are doing the same in beggar-thy-neighbor policies, the Chinese gove...
SK Group Stocks on the Rise on News of Its Chairman Set Free on Aug. 15
SK Group stocks are on the rise across the board after the news of its chairman Chey Tae-won to be set free on August 15 as part of an amnesty in commemoration of the 70th anniversary of the national liberation. At 9:05 am on August 11, SK C&C shares gained almost 1 percent while the stocks of SK In...
Sambu Construction Reveals 300 Bil. Won Debt in Arrears
Sambu Construction said in a regulatory filing on August 11 that it has a debt payment of 319 billion won in arrears. The amount is equivalent to 83.13 percent of its capital. The company's shares fell precipitously for two consecutive days. At 9:06 am on August 11, the shares of Sambu Construction ...
Can Casino Stocks Regain Former Levels Soon?
After the Middle East respiratory syndrome outbreak swept the nation, the outlook on casino stocks is divided into two diverging views. One is that the stocks would recover after hitting the bottom in the third quarter while the other camp argues that it may take more time for the stocks to regain t...
Hyundai and Kia Cut Prices to Regain Double-digit Share in China
Following Hyundai Motor’s earlier move to increase its presence in the Chinese car market by slashing prices, Kia Motors also reduced the retail price of its sports utility vehicle models in China. Hyundai Motor and Kia Motors expect their combined market share in China’s car market to rise from t...
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AJU Business Daily (http://eng.ajunews.com/korea)
Football club to conduct charity activities established
Park Ji-sung, one of South Korea’s biggest football icons, speaks during a ceremony to establish a football club, named FC Smile, at the Kim Koo Museum and Library in Yongsan-gu, Seoul, Monday. The cl…
Work to demolish elevated road in Seoul
Work to demolish the 44-year-old Seodaemun Elevated Road in Seoul gets underway on Monday, Completion is due for late August, officials said.
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'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). …
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ETNEWS (http://english.etnews.com/)
[Looking At Future Technologies Through Patents] Tesla’s Patents Focus On Battery Technologies
It is understood that Tesla¡?s patents focus on technologies that are related to battery. According to ¡®Is Tesla a Bubble? 2015 Edition¡&mac...
LG Uplus Invests $2 Million Into JIBO…It Is Going To Take Steps To Secure Humanoid Robot
Following SK Telecom and KT, LG Uplus is working to secure Smart Robots. LG Uplus announced on the 6th that it invested $2 million into America¡?s IT busi...
Downward Trend Of LCD Panel’s Price Continues…42-Inch Panel’s Price Also Decreased This Year For The First Time
Downward trend of LCD panel¡?s price is still continuing to happen. As price of 42-inch TV panels that showed strength until now also fell this month...
Will Huawei Bring A ‘Monster Phone’? … Release Of First Type Of Smartphones Is Nearing
Just like last year, China¡?s Huawei is releasing its new Smartphones in Korea this year. Huawei is bringing a boom as it placed 3rd following Smartphones an...
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...
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