Aug. 13, 2015
The Korean daily media headlines and humor
Thursday, Aug. 13, 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 head 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
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
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
McDonald's
Before taking a family trip to Europe the American father emphasized that they would be soaking in the local culture and enjoying fine local cuisine.
That meant: No fast food! A few weeks into the trip, they were in Australia when they came upon a McDonald’s. The 8-year-old son immediately ran toward it.
“Remember our rule,” the father yelled out. “I’m not going to eat… I just want to smell it.”
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KBS (http://world.kbs.co.kr/english/news/)
Presidential Pardons to be Granted to Over 6,500 Convicts
The government has exonerated more than six-thousand-500 convicted people in celebration of the 70th anniversary of liberation from Japanese colonial rule.
Bank of Korea Freezes Key Rate for 2nd Consecutive Month
Presidential Office: Punishment and Persuasion 2 Pillars of N. Korea Policy
Gov't to Strengthen Management of Anti-Colonialists Sites Overseas
Park to Issue Pardons to Mark 70th Anniversary of Liberation
Bank of Korea Freezes Key Rate for 2nd Consecutive Month
Default Risk of S. Korea Jumps to 6-Month High
South Korean Currency Tumbles on Yuan Devaluation
N. Korea Denounces S. Korea-U.S. Live-Fire Drill
Expert: Realistic Unification Goal by 2030 is to Achieve S-N Alliance
Pyongyang Hits Back at Park Over Time Change
Deadly Blasts in China Kill at Least 17, Injure Hundreds
UN Secretary-General Calls on Japan to Humbly Reflect on Past
'Kim Jong-un Executed Vice Premier Choe Young-gun in May'
Presidential Pardons to be Granted to Over 6,500 Convicts
Former Japanese PM Urges Abe to Offer Heartfelt Apology
Special Exhibition Commemorates Female Independence Fighters
Palman Daejanggyeong Confirmed to Have
School Texts to Include More Content on
Pentaport Rock Festival Kicks off in Incheon
Korean Scientists Find Micro-RNA Link to Nicotine Addiction
S. Korean Researchers Develop Salinity Power Generation Technology
Heat Wave Advisories Lifted
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 to visit U.S. in October for talks with Obama
President Park Geun-hye plans to visit Washington in October for talks with U.S. President Barack Obama, both sides announced, after rescheduling a trip postponed due to the MERS outbreak in South Korea.
Chinese TV series starring Rain tops 3.3 bln views online
A Chinese TV series starring South Korean singer and actor Rain has collected more than 3.3 billion views online in China, his management said Thursday.
Chronology of BOK's major monetary policy decisions since 2010
The following is a list of major monetary policy decisions made by the Bank of Korea since July 2010. The central bank's rate-setting committee voted Thursday to leave the base rate at 1.5 percent for August.
Japan's Lotte Holdings wholly owns investment arms
Tokyo-based Lotte Holdings owns a 100 percent stake in investment units in Japan that are believed to be at the apex of the retail giant Lotte Group's complex ownership structure, a report showed Thursday.
Daum Kakao Q2 net more than halves on increased costs
Daum Kakao Corp., the operator of South Korea's top mobile messenger, said Thursday its net profit more than halved from a year earlier due largely to increased marketing costs for newly launched services.
BOK freezes key rate for 2nd month
Park's pardons include SK chief; Hanwha chief exclu..
Policy impact of rate cut not as tangible as past but posi..
Economy looks to be on growth path matching July forecast:..
BOK governor says most worried about potential capital out..
Chinese TV series starring Rain tops 3.3 bln views online
Nat'l football federation to inspect candidate cities for ..
Footballer gets six-month ban from nat'l federation
S. Korea's Catholic Church to unveil commemorative ..
Pirates rookie Kang Jung-ho meets plate-appearance ..
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The Korea Times (http://www.koreatimes.co.kr)
President pardons 6, 527 including SK's Chey Tae-won
The government Thursday announced a special Liberation Day pardons that included SK Group Chairman Chey Tae-won.
Korea's native plants to find new names
During Japan’s colonial rule of the Korean Peninsula, it was not only Koreans who were forced to c...
NK vows to retaliate against S. Korea, US over upcoming military drill
North Korea threatened Thursday to retaliate against South Korea and the United States with "merciless blows" as Seoul and Washington are scheduled to kick of...
Yuan depreciated by additional 1.11 percent
17 dead, about 400 injured in warehouse blast in Tianjin
Huge explosions have ripped through an industrial area in China's northeast port city of Tianjin, killing 17 people and injuring more than 400, state-run medi...
[Breaking] Bank of Korea holds key rate at 1.5 percent
The Bank of Korea kept its key rate unchanged at 1.5 percent, Thursday, meeting expectations amid concerns over the country's heavy household debt.
Korea, US begin joint drills
South Korea and the United States began large-scale joint live-fire exercises, Wednesday, to demonstrate their combat capabilities, according to the Ministry ...
Sex slavery victims seek gov't help in legal battle
Ten World War II sex slavery victims have written to Cheong Wa Dae asking for help in their legal ...
Singapore Airlines accused of cover-up of in-flight violence
Singapore Airlines is drawing fire over allegations that it attempted to cover up an in-flight ass...
Lotte founder's eldest son set to strike back
Shin Dong-joo, Lotte Group founder Shin Kyuk-ho’s eldest son, is set to strike back against his yo...
Justice unprepared
The crime of secretly taking photos or recording videos of people’s private parts with hidden came...
Man who set himself ablaze in critical condition
An 80-year-old man is in critical condition after setting himself on fire during a protest against...
Hanbok returns with modern charm
Hanbok, or traditional Korean attire, has mostly disappeared in the highly modernized city of Seou...
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The Korea Herald (http://www.koreaherald.com)
SK chairman freed by presidential pardon
President Park Geun-hye on Thursday granted a special pardon to SK Group chairman Chey Tae-won who was imprisoned for mo...
Hotel Lotte likely to become holding firm
The soon-to-be listed Hotel Lotte is likely to become a 20 trillion won ($19 billion) holding company for Lotte Group in Korea, going solo from its Japanese sister companies.
What they don't teach you at school
On Monday, local rights groups the Korea Sexual Violence Relief Center and Korean Women’s Hotl...
Celltrion steps up global expansion with bio similar drug
Celltrion, a South Korean biopharmaceutical company, is making headway in a newly emerging cate...
Google turns a page with Alphabet
The surprise reorganization of Google under newly formed parent Alphabet gives the te...
After apology
It is usual for Korean politicians and business tycoons to offer apologies when they are emb...
No complacency
The recently published white paper on illegal drugs should ring alarm bells for Korean socie...
Bracket art magazine reopens in Daegu
Daegu-based art magazine Bracket has reopened six months after stopping production after acquir...
[Start-up Seoul] Between chooses traction over profit
With KakaoTalk dominating Korea’s mobile messenger market, Between has been cementing its foot...
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DongA Ilbo (http://english.donga.com)
Former Japanese premier Hatoyama says ‘Abe’s statement should include apology’
Yukio Hatoyama (68), former Japanese prime minister, visited the Seodaemun Prison History Hall in Seoul on Wednesday, and said “I sincerely apologize” for Japan’s 35-year colonial rule of Korea. It is the first time in...
Once famous Wall Street stock broker becomes homeless
A famous line of “The Wolf of Wall Street,” a 2013 Hollywood movie starring Leonardo DiCaprio, says that a stock broker should associate with drugs and prostitutes if he wants to get a life. The story is about a...
NPAD surrenders to criticism of ‘assembly protecting lawmaker’
The main opposition New Politics Alliance for Democracy decided on Wednesday to take part in deliberation of a bill to approve arrest of its lawmaker Park Ki-choon, who is suspected of taking political funds. The party...
New species of organisms discovered in Dokdo
Five species of invertebrate, which have not been identified worldwide, and three species that have not been registered in Korea, have been newly found among organisms living naturally in waters around Dokdo islets. ...
Pirates’ Kang Jung-ho meets plate-appearance requirement
Pittsburgh Pirates infielder Kang Jung-ho met the minimum plate-appearance requirement (341 points) against the St. Louis Cardinals on Tuesday. Kang has appeared in 94 games. In the first inning, Kang hit Cardinals’...
Korean Emperor`s credential delivered to Hague envoy
An old Dong-A Ilbo article has been disclosed to the public showing the fact that Emperor Gojong of Korea was delivered to Yi Sang-seol, the emperor`s special envoy to the second Hague Peace Convention via American...
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)
Japanese Ex-PM Urges Abe to Apologize
Former Japanese Prime Minister Yukio Hatoyama apologized for his country's World War II atrocities during a visit to a former prison in Seoul Wednesday where Korean independence fighters were tortured and killed. >> Full Text
Yuan Devaluation a Mixed Blessing for Korea
China shocked global markets by devaluing the yuan for a second day running on Wednesday after a slew of poor economic data. The Korea Composite Stock Price Index plunged up to 40 points at one point during the day's trade. Shares of cosmetics maker AmorePacific dropped more than six percent. >> Full Text
Singapore Airlines Accused of Covering Up Assault
Police at Incheon International Airport have arrested a Singaporean man on charges of assaulting a Korean passenger on board a Singapore Airlines flight. According to police, the 21-year-old man assaulted a flight attendant and passenger during a flight from San Francisco to Incheon on July 23. >> Full Text
S. Korea to Blast Propaganda Across Whole Border
Seoul's Rich Live Longer
Thousands of Jobs to Be Lost at Shipbuilders
'Veteran' Gets Invite to Toronto Film Festival
Employment Growth Remains Slow in July
LG Pledges Money for Maimed Soldiers
Milan Expo Explores Sustainable Food for the World
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Hankyoreh Shinmoon (http://english.hani.co.kr)
One of Korea’s top universities to offer course teaching creationism
One disgruntled student says Yonsei University now may as well offer credit courses in African voodoo practices
Among the people who believed in the literal truth of the Bible, there are those who maintain that the world is around 6,000 years old rather than 4.6 billion years, and that the universe and Earth were created in just six days. Known as “creation science” or “creationism,” this position has been offered as a counterargument to the theory of evolution, chiefly by fundamentalist Protestants in the US and South Korea who claim the infallibility of scripture.
Administration under fire for bungled response to alleged N. Korean mine
The Ministry of Unification, Ministry of National Defense, and Blue House are facing criticism for their lack of coordination in the week after two South Korean soldiers were serious injured by a wooden box mine allegedly planted by North Korea. .
[Interview] China’s dreams of being a military, as well as economic, power
The dream of a strong military is a powerful motivator for China, argues Renmin University of China professor of international relations Shi Yinhong. Shi says, “One of the Chinese government and public’s biggest dreams over the past twenty or so has been to make China a military power as well as an economic one.”“China is going to continue expanding its artificial island building efforts in the South China Sea and achieve control of the waters by building an ocean fleet there with aircraft carriers,” he predicts. .
[Interview] Near the end of his life, a former POW seeks a simple return home
“The sea breathed, a heavy flop of blue, bulky scales deeper than crayon. The Tagore, an Indian boat carrying freed prisoners to a neutral land, shook its three thousand-ton body neatly painted in white, sliding through South China Sea air packed thickly like a mass of objects.”“The Square,” a 1960 novel by Choi In-hun, begins with the image of a boat leaving Incheon Harbor for neutral India after the end of the Korean War. On board is protagonist Lee Myeong-jun, one of many prisoners from the conflict who opted for a third country instead of repatriation. .
Tensions rise along DMZ as South resumes loudspeaker broadcasts
The risk of an inter-Korean armed clash is looking more serious after South Korea’s Ministry of National Defense resumed loudspeaker propaganda broadcasts to the North on Aug. 10.The move came in immediate response to a land-mine explosion that seriously injured soldiers in the Demilitarized Zone (DMZ), which the ministry called a “clear provocation by the North Korean military.” .
Pres. Park still mulling whether or not to attend parade in Beijing on Sept. 3
President Park Geun-hye is carefully weighing whether to attend a military parade in Beijing on Sept. 3 to commemorate the 70th anniversary of China’s victory against Japan, the Blue House said on Aug. 10.“She is giving careful consideration on whether or not to attend,” Blue House spokesman Min Kyung-wook told reporters that day.
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JoongAng Ilbo (conservative): (http://koreajoongangdaily.joinsmsn.com/)
Weaker yuan not seen as crisis at current time
The won is falling in step, but intervention in future is possible
China cut the value of the yuan for the second day in a row, roiling financial markets in Korea and deepening worries about the effect on exports from Asia’s fourth-largest economy. Following China’s surprise devaluation, analysts wondered how economic policy makers in Korea would react…
80-year-old immolates himself at Japan embassy
An 80-year-old man set himself on fire during a weekly Wednesday demonstration held in front of the Japanese Embassy in central Seoul to demand an apology…
Gojong’s diplomacy is reevaluated
Emperor Gojong (1852-1919), the 26th king of the Joseon Dynasty (1392-1910), is usually recalled as the monarch of a failed country colonized by Japan from 1910…
Household debt reaches new high
Household debt in Korea has surpassed the 600 trillion won ($512 billion) level for the first time, despite the government’s bid to curb borrowing…
Job growth still suffers from MERS outbreak
The Korean job market improved marginally last month, as the outbreak of Middle East respiratory syndrome (MERS) continued to linger over employment prospects…
Biggest live-fire drills held by Korea and U.S.
South Korea’s military began its largest ever live-fire exercises using heavy weaponry with U.S. forces Wednesday just eight days…
Appeals court acquits Sri Lankan of rape, robbery
A Daegu couple’s campaign to get justice for their dead daughter ended in failure when an appeals court Tuesday upheld a controversial verdict that acquitted…
Inspector allegedly drunk, abusive
The inspector in charge of investigating allegations of sexual assault at a public high school has been accused of getting drunk on the job and abusing…
Banks see Q2 profits slide
Local banks saw their second quarter profits sink year-on-year, hit hard by the record-low interest rate cuts in June, data by the Financial Supervisory Service…
Insider trades alleged in big Samsung sale
Four former and incumbent employees of Hanwha Techwin, previously known as Samsung Techwin, were reported to the prosecutors’ office for insider…
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Maeil Kyungje (neutral-oriented conservative, economic/business): (http://news.mk.co.kr/english/)
S. Korea to take central stage in global standardization next month
South Korea will take the center of the international standardization market in an era of global competition. The country will host the International Organization for .. ...08.13 11:15
China export growth could be bane to S. Korea in long run: experts
The South Korean government presumes that, if China’s exports go up on the depreciation of the Chinese yuan, it would buoy the Korean economy. However, experts voiced.. ...08.13 11:09
Seoul university hospital hacked by Pyongyang
The computer network of a large university hospital in Seoul, South Korea was found to have been left hacked into by a force, presumably from Pyongyang for eight month.. ...08.13 10:35
Hanwha Q Cells speeds up photovoltaic biz in India
Hanwha Group’s photovoltaic business is drawing attention as the group’s iconic growth engine because the business is enjoying large-scale orders from emerging natio.. ...08.12 17:41
Civil servant graduating from law school makes disturbance in minister’s ..
A civil servant of the Ministry of Public Safety and Security, who graduated from a law school and was hired as an experienced employee, is found to have broken into t.. ...08.12 17:11
Daum Kakao to run high-end taxi service from Oct.
Daum Kakao, South Korea’s top mobile messenger operator, will launch a high-end taxi service from October. Daum Kakao said Wednesday it has signed memorandums of un.. ...08.12 16:44
S. Korea payroll growth stays at 300,000 level for 3 months
South Korea’s payroll growth for July remained at the 300,000 level for three consecutive months in the aftermath of the Middle East Respiratory Disease (MERS). Acc.. ...08.12 14:01
Toptech HNS to supply electromagnetic-shielding materials for smartphones
All smartphones emit electromagnetic waves. As electromagnetic waves could adversely affect health, manufacturers attach EMI shielding tapes onto major components to.. ...08.12 11:26
NDC: Emergency briefing meeting on N. Korea’s mine provocation
The National Defense Committee at the National Assembly would hold a general meeting on Wednesday to be briefed by the Ministry of National Defense regarding North Kor.. ...08.12 11:18
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The Kyunghyang Shinmoon (http://english.khan.co.kr/)
[DMZ Landmine Explosion] Injured Staff Sergeant Kim Jeong-won 'A Strong Response Is What North Korea Wants'
On August 11, Staff Sergeant Kim Jeong-won (23), hospitalized for injuries from a landmine explosion in the Demilitarized Zone (DMZ) said, "If we opt for a str···
[Management Dispute at Lotte] [Lotte's Public Apology] Desperate Measures Due to Pressure from the Public and Politicians: The Listing of Hotel Lotte 'Uncertain'
?On August 11, Shin Dong-bin (60), chairman of Lotte Group, announced his plans to improve the group's management structure and enhance transparency in i···
South Korea's Dilemma: 'Studying the Face' of the U.S. over China's 'Invitation to Victory Day,'
The historic significance of the end of World War II is different for South Korea, China and Japan. Thus, the three countries each have given different meaning ···
?[Editorial] [DMZ Landmine Explosion] North Korea Burying Landmines in the South's DMZ Is an Unacceptable Provocation
Three North Korean mines (PMD series) exploded in the South's Demilitarized Zone (DMZ), leaving two of our noncommissioned officers in critical condition. Acco···
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.···
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The Korea Economic Daily (http://english.hankyung.com/)
July Jobs Number Increases by 326,000...NSO
The jobs number for the month of July shrank from the same month last year if those in their 50s or older who were hired in the month are excluded. The increment in the hiring number for older people in their 50s and up was mainly from manual positions such as delivery men, security guards, and hous...
Household Loan Balance Increases by 7.4 Tril. Won in July to More Than 600 Tril. Won
The balance of loans in July made out to households hit the 600-trillion-won level for the first time in history. According to a report "July 2015 Financial Market Trend" published by the Bank of Korea on August 12, the balance of household loans as of the end of July this year was 601.9 trillion wo...
Hanwha Q-Cells Wins 2 Solar Power Deals in India and Philippines
Hanwha Q-Cells Korea said on August 12 that it won solar power plant orders in India and the Philippines. In India, the company will build a 50-megawatt solar power plant in the state of Andhra Pradesh jointly with Azure Power India Pvt. Ltd. Hanwha Q-Cells will hold a 50-percent stake in the joint ...
Big 3 Shipyards Set to Slash 3,000 Jobs
Korea’s top-three shipbuilding companiesHyundai Heavy Industries, Samsung Heavy Industries, and Daewoo Shipbuilding & Marine Engineeringare discussing restructuring plans as a way to overcome their financial problems. According to industry sources on August 12, the top-three shipyards are expecte...
2Q Net Interest Margin of Banks Falls to Record Low of 1.58%
The net interest margin of banks fell to a record-low level while their return on equity was also only one third of what it used to be ten years ago. The Financial Supervisory Service said on August 11 that the second-quarter net profit earned by 18 domestic commercial banks was 2.2 trillion won, do...
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AJU Business Daily (http://eng.ajunews.com/korea)
Ex-Japanese PM Yukio Hatoyama pays homage at former colonial prison in Seoul
Former Japanese Prime Minister Yukio Hatoyama lays a bunch of flowers in front of a cell, where independence fighter Yu Gwan-sun was imprisoned during the Japanese colonial rule of the Korean Peninsul…
Heat wave in South Korea abates
Two women walk through a gourd tunnel in the Sky Park, Mapo-gu, Seoul, Tuesday, a day before "malbok," the last of the three hottest periods of the summer on the lunar calendar. The heat wave that gri…
Hollywood star Liam Neeson to play Gen. MacArthur in film on 1950 Incheon Landing
Hollywood star Liam Neeson will play Gen. Douglas MacArthur (1880-1964) in a film on a successful landing in Incheon, South Korea, during the Korean War (1950-1953) that will open in South Korean cine…
Liberation Day celebrations
South Korean actress Lee Tae-im arrives to attend an event on Tuesday to launch a campaign to encourage people to hoist the national flag, "Taegukgi," in celebration of the 70th anniversary of Korea&#…
Digital 'gwageo' exam held in Seoul
By using notebooks, people clad in traditional Korean costumes take a "gwageo" exam on ad copywriting at Gwanghwamun Square in central Seoul on Monday. Gwageo is the national civil service examination…
Promotional event for Chinese Tsingtao beer held in Seoul
Models pose with bottled and canned beers manufactured by China's Tsingtao Brewery Co. at a promotional event in Cheonggye Plaza in central Seoul, Monday. The brewery in Qingdao, east China's …
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.
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ETNEWS (http://english.etnews.com/)
Newly-Appointed CEO Lim JiHoon, Who Is Very Aggressive And Adventurous, Holds Reins of DaumKakao’s Reformation
DaumKakao appointed CEO Lim JiHoon of Kcube Ventures as its CEO on the 10th. It is known that he is an executive who has a tendency to be very aggressive and a...
Read the full story
Netmarble Goes After Being Second ‘$857 Million Club’…It Is Emphasizing Existing Work While Preparing For Large-Strike In Second Half
Netmarble Games is challenging itself to become second ¡®$857 Million Club¡? as a gaming business following Nexon. According to Netmarble Games, this ...
[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...
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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...
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