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The Korean daily media headlines and humorAug. 14, 2015
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The Korean daily media headlines and humor

Friday, Aug. 14, 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:

As one gets old, one is worried about Alzheimer's. However, experts say that puzzle games can help one stay away from it. Why not try the following game?

Kittenball Prince is the name. It is an interesting puzzle game that can be enjoyed all the family members, including kindergarteners and senior citizens.

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 Excellencys 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 Hyechos 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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Todays humor:

Hankuk Kyungje

Getting Refreshed

In a stressful American city a man stepped into an elevator on his way to the 15th floor.

As the door was shut, he discovered that all the indicator buttons were lit.

Furious at the prospect of stopping on every floor, he suddenly noticed, taped to the door, a piece of paper with a handwritten note:

In the middle of the day full of pressure and haste, my gift to you is a fully justified break. So enjoy a few moments of total peace.

He did just that as the elevator slowly made its way upward. When he got to his floor, he found himself amazingly refreshed.

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

6,500 Pardons, 2.2 Million Commuted Sentences Issued for Liberation Day

Special presidential pardons have been granted to more than six-thousand-500 convicts in celebration of the 70th anniversary of liberation from...

Rival Camps Show Mixed Reactions to Special Pardons

Park: Presidential Pardons to Promote Social Unity

President to Pardon SK Group Chairman

Seoul: Japan Clearly Knows Meaning of Inheriting Past Historical Views

Retired Politicians from S. Korea, Japan Issue Peace Declaration

Assembly Allows Arrest of Rep. Park Ki-Choon

NEC Finalizes 24 Districts for October By-Elections

Gov't to Monitor Yuan Cut-Hit Financial Market Around the Clock

Corporate Turnaround Management Firm to Launch in Oct.

KOSPI Up After 6 Trading Days

N. Korea Threatens to Fire at S. Korean Groups' Leaflet Distribution

N. Korean Web Sites Hacked

'Psy-Ops Against N. Korea Differ from Civic Groups' Distribution of Leaflets'

Deadly Blasts in China Kill at Least 44, Injure Hundreds

UN Secretary-General Calls on Japan to Humbly Reflect on Past

'Kim Jong-un Executed Vice Premier Choe Young-gun in May'

President to Pardon SK Group Chairman

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

On-Air 11 Languages by Rotation

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

S. Korean FM vows diplomatic efforts for summit of Park, Xi, Abe this year

South Korean Foreign Minister Yun Byung-se vowed trilateral cooperation Thursday to hold a summit meeting of President Park Geun-hye with her counterparts in China and Japan by the end of this year.

Watchdog head gets 2 yr prison sentence for taking bribe from Lone Star

A local court sentenced the head of a private watchdog to two years in prison for taking bribes from Lone Star Funds in return for dropping protests over the U.S. firm's local deal and trying to help it settle a stock manipulation trial.

Former Asahi Shimbun reporter says he told the truth

A former Japanese journalist who has sustained growing threats of personal attacks relating to his coverage of so-called "comfort women" years ago said Thursday that he wrote the articles not for the South Korean government, but "to tell the historical truth." In 1991, Uemura Takashi, a former reporter of the Asahi Shimbun, wrote two articles on the late Kim Hak-sun, the first Korean woman forced to serve as a sex slave for World War II Japanese soldiers to come forward. Since then, he has been under criticism and threats of attacks from Japan's ultra-right activists who labeled him as a "reporter who fabricated his articles" and a "traitor." Uemura, during a news conference in Seoul, admitted that he has sustained a spate of threats of personal attack

Parliament adopts resolution censuring N. Korea's provocations

The National Assembly on Thursday adopted a resolution censuring North Korea's recent landmine attack in the demilitarized zone and demanding additional retaliation measures from the Seoul government.

S. Korea to maintain pressure, dialogue with N. Korea

South Korea will maintain a two-track approach of pressure and dialogue in dealing with North Korea, Cheong Wa Dae said Thursday, despite the landmine attack blamed on the North that maimed two South

N. Korea denies cyberattack on university hospital

112 N. Korean scholars visited Germany since 2002 on schol..

S. Korea to maintain pressure, dialogue with N. Kor..

Park says unification is solu..

S. Korea should beef up its deterrence..

Hyundai's damage from Chinese explosion estimated at 160 b..

Samsung pushes new phablets amid ailing handset r..

SK chief released from prison for liberation pardon

Former Asahi Shimbun reporter says he told the truth

Manager to rein in slugger on base path

Jecheon film fest opens with screening of 'Try to Remember..

Psy wins land suit against tenant

International organic food expo to kick off in Goesan

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

SK Chairman Chey Tae-won released

Chey Tae-won, chairman of SK Group, was released Friday in a special pardon after completing nearly three years of his sentence.

Walking out with a Bible in hand from Uijeongbu prison, he bowed in apology and said that he would do his utmost for the "development of Korean economy and society."

Samsung unveils S6 Edge Plus, Note5 in US 

Samsung Electronics introduced two new Galaxy smartphones during its Unpacked event in New York,...

DMZ residents remain calm despite tension 

Despite tension along the inter-Korean border after landmine blasts and subsequent countermeasures by the South, farmers by the Demilitarized Zone (DMZ) remai... 

Rate cut last option to support growth 

A rate cut option will be the last resort this year for the struggling Korean economy if the centr... 

UN chief watching Abe's statement 

U.N. Secretary-General Ban Ki-moon has a firm belief that the Japanese government must reflect on ... 

Korea's native plants to find new names 

During Japans colonial rule of the Korean Peninsula, it was not only Koreans who were forced to c...

Singapore Airlines accused of negligence over in-flight violence 

Singapore Airlines took improper initial moves in response to a recent in-flight assault by a drunken Singapore man against a Korean passenger and a flight at... 

Park, Obama to hold summit in October 

President Park Geun-hye will visit the United States in October for summit talks with U.S. Preside...

N. Korea threatens to shoot leaflet senders today 

North Korea threatened Thursday to shoot at activists that send balloons carrying anti-Pyongyang leaflets over the Demilitarized Zone (DMZ) if they go ahead w... 

Digital ordering may cut jobs McDonald's 

Is McDonalds Korea moving to cut jobs to fight declining sales? 

From survival to self-fulfillment 

Korea has grown into the 13th largest economy from a state of devastation after it was liberated f... 

Home to Major League Baseball players - Gwangju Jeil High School 

Korean star baseball player Kang Jung-ho, an infielder for the Pittsburgh Pirates, is arguably one... 

Teacher 'used students' money for gambling' 

A teacher in Jeonju, North Jeolla Province, has surrendered to police for allegedly gambling away ...

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...

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

Park pardons SK chairman

President Park Geun-hye on Thursday granted special pardons to thousands of Koreans convicted of minor crimes and millio...

BOK braces for currency volatility

South Koreas central bank chief assumed a cautious stance Thursday over Chinas dramatic dep...

Obesity emerges as major health threat in South Korea

Kim Ji-hun, a 32-year-old former journalist, gained 12 kilograms in six months after starting t...

LG Chem, Samsung SDI team up for Audi's new electric SUVs

The nation's top two battery-makers LG Chem and Samsung SDI said Thursday that they would work ...

New momentum has KAI flying high

Korea Aerospace Industries is flying high. The countrys sole aircraft manufacturer is enjoying its best...

Childrens welfare first...

There have been rapid advances in assisted reproductive medicine, such as improved technique...

Liberation Day speech

Speechwriters for President Park Geun-hye are said to be preparing two versions of the addre...

Starbucks RTD not a spinoff anymore

Starbucks Ready-to-Drink products clearly targeted people who wanted a sip of Starbucks coffee ...

McDonalds offers customizable gourmet burger

McDonalds Korea is getting a makeover with a customizable gourmet burger and how it is ordere...

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

Some 2.21 million will be given special pardon on Independence Day

Marking the nations 70th independence, the government announced on Thursday that it would grant special pardons to 2,206,924 people including Chairman Chey Tae-won of SK Group as of August 14. Some 14 businessmen will... 

Port blast in China Tianjin with death toll of 44

Large-scale explosions took place in Tianjin, the biggest port city in the northeast of China, on Aug. 12 at 11:30 PM. At least 44 people are known to have died and more than 500 injured. According to the Xinhua news...

President Park benchmarks Merkels wrinkle

The plan that President Park Geun-hye would take part in Chinas commemoration event for war victory but not attend its military inspection scheduled for the next month has many things in common with the decision of...

Yoo Seung-min nominated Korean candidate for IOC membership

Former Olympic table tennis gold medalist Yoo Seung-min (photo), 33, was named the Koreas candidate for Athletes Commission of the International Olympic Committee (IOC). The Korean Olympic Committee (KOC) had a...

Seattles Iwakuma becomes the third Asian pitcher to throw no-hitter

Seattle Mariners starting pitcher Hisashi Iwakuma, (pictured) achieved no-hit and no-run. The 34-year-old Japanese pitcher threw a no-hitter throughout the nine innings, silencing the Baltimore Orioles in the Mariners...

Seoul to operate 1,000 buses to promote tourism in Seoul

One thousand public buses in Seoul will run through the city from Saturday as messengers promoting tourism in the capital city of Korea. The Seoul Metropolitan Government said Thursday that it will operate 1,000 buses...

Controversies over N. Korean leaders call for highest-level talks 

Ki Sung-yueng, Son Heung-min as promising Korean soccer players 

New years wishes change over time 

Samsungs 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)

Most S. Koreans Believe Reunification is Possible

Some 86 percent of South Koreans believe reunification with the North is possible and more people than ever see it as desirable. Media Research surveyed 1,000 adults from June 12 to 30 to mark 70 years of Korea's liberation from the Japanese colonial rule. >> Full Text

Seoul's Rich Live Longer

Residents in Seoul's three wealthiest districts of Seocho, Gangnam and Songpa have a significantly longer life expectancy than in less affluent parts. Seocho has the longest life expectancy at 83.14 years, followed by Gangnam and Songpa. >> Full Text

Thousands of Jobs to Be Lost at Shipbuilders

Korea's three largest shipbuilders are likely to lay off up to 2,000 workers this year alone amid massive downsizing programs to make up for self-inflicted losses. The shipbuilders have run up a staggering W8 trillion in losses from offshore plant projects over the past year. >> Full Text

S. Korea to Blast Propaganda Across Whole Border

Japanese Ex-PM Urges Abe to Apologize

Yuan Devaluation a Mixed Blessing for Korea

Lotte Founder 'No Longer in Control of His Faculties'

'Veteran' Gets Invite to Toronto Film Festival

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)

N. Korea still quiet as a clam on DMZ mine explosion

Pyongyang could be biding its time, gauging South Korean reactions before making any statement

North Korea has remained silent for three days since an Aug. 10 South Korean government announcement blaming it for a mine blast that caused serious injuries at the Demilitarized Zone (DMZ) near Paju in Gyeonggi Province. Pyongyang may be watching to see the reaction from Seoul play out before deciding the tenor of its own response.

[Notice] Hankyoreh English's Facebook service converted to Page

As of August 12, Hankyoreh English's Facebook service has been converted to a Page (https://www.facebook.com/TheHankyoreh). Previously it was a personal profile. We hope our readers will continue your interest and support, and please share this page with your friends. We will keep working to improve our Hankyoreh English service! .

S. Korean businesses scrambling in the wake of two Chinese currency devaluations

Major electronics, automobile, and petrochemical businesses in South Korea are scurrying to tally the gains and losses from two sudden devaluations of the Chinese yuan in as many days. Some are fretting over the possibility of a long-term boost to Chinese cost-competitiveness for low- and mid-range electronics and other export items where South Korea is in close competition in the global market. .

Elderly man lights himself ablaze during weekly comfort women protest in Seoul

A man in his eighties is in serious condition after setting himself on fire at a pre-Liberation Day Wednesday demonstration for comfort women survivors in front of the Japanese Embassy in Seoul. The 80-year-old man, identified by his surname Choe, doused himself with gasoline and set himself alight with a lighter at around 12:40 pm on Aug. 12 .

Another artist satirizing the President ordered to report to police

An artist who painted satirical images of President Park Geun-hye on Daegus Dongseong Road recently received a notice to report to the police. Daegu Central District Police Station announced on Aug. 12 that it had sent a notice to the artist demanding that he report for questioning on charges of property damage for the images, which were painted on building walls and in other locations. .

Wanna go to med school? Start prepping in the third grade!

A full in-depth curriculum from third grade on - get a jump on the first year of high school!Now recruiting an elite class from sixth to ninth grades! Full tenth grade qualification and a 700 TEPS score.The passage of the Public Education Normalization Act last year may have regulated advanced education and banned advertising by private academies offering it, but package advertisements continue to crowd traditionally private education-hungry areas like Daechi and Mok-dong in Seoul. .

Some pushing for more elementary school instruction of Chinese characters

The idea that reading literacy is low because students only learn to read and understand Hangul is a lie concocted by proponents of increased education in Chinese characters. The OECDs Program for International Student Assessment (PISA) shows South Korean 15-year-olds ranking first or second in the world for literacy. The Program for the International Assessment of Adult Competencies (PIAAC) ranked South Korea third out of 22 member countries for reading ability in the 16-24 age group.

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

For two Koreas, 70 years of divergence

Economic gap is wider than ever, but North was ahead for decades

One of the most remarkable photos of the planet Earth from space shows the Korean Peninsula at night. The section above the 38th parallel is completely dark except for a pinprick glow around Pyongyang, the capital of North Korea. The southern part - modern South Korea - looks like the Milky Way...

Presidential pardons include SK Chairman Chey

To mark the 70th anniversary of Liberation Day tomorrow, the government Thursday announced a list of 6,422 criminals granted presidential pardons as of today

Park arranges U.S. trip before Beijing decision

President Park Geun-hye rescheduled a summit with U.S. President Barack Obama in Washington to Oct. 16, the Blue House and White House jointly announced Thursday

Cautious BOK holds record-low rate

The Korean central bank maintained its conservative stance by freezing its policy rate at the record-low 1.5 percent for the second consecutive month on Thursday,

Daum Kakao sees profits for Q2 sink by 82 percent

Daum Kakao said Thursday its second-quarter operating profit plunged 81.6 percent year-on-year, to 11.4 billion won ($9.7 million),

Budget up for welfare, job creation next year

The government and ruling Saenuri Party announced Thursday that they will expand spending on social welfare programs and job creation for the young and unemployed

Old lady charged in soft drink murders

Prosecutors investigating the so-called poisoned soda case, in which two elderly women died and four were sickened after drinking soda laced with pesticide at a community hall,

Govt land mine response criticized

Questions have arisen over the Blue Houses strange response to the Aug. 4 land mine explosions in the demilitarized zone that maimed two soldiers,

NIS hacking programs werent very up to date

The hacking programs purchased by the National Intelligence Service (NIS) from Italy to access mobile devices did not work on the most recent smartphones

Yongbyon may have second enrichment facility

North Korea may be building a second centrifuge facility that could be used to enrich uranium in its Yongbyon nuclear complex according to a report by London-based

CEOs lax management criticized

Trade Minister Yoon Sang-jick has criticized some public companies for lax corporate management, which he doesnt want to get in the way

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

Samsung releases Galaxy Note 5 and Galaxy S6 Edge Plus in US

Samsung Electronics strategic premium smartphones for the latter half of the year, the Galaxy Note 5 and the Galaxy S6 Edge Plus, have been unveiled in New York.The .. ...08.14 09:53

Wage peak system to be introduced to all MOTIE agencies by end-Oct.

All 40 public organizations under the control of the Ministry of Trade, Industry and Energy (MOTIE) have agreed to introduce a wage peak system by the end of October. .. ...08.13 17:03

S. Korea is excellent in mobile phone services, moderate in plans: Poll

South Korea was ranked the eighth to the 19th cheapest country in phone bills among the 34 OECD countries in a recent survey. Then how about users satisfaction about.. ...08.13 17:03

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 Chinas 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 Groups photovoltaic business is drawing attention as the groups 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 ministers ..

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 Koreas 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

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

Rep. Yoo Seung-min Says, "Military-Government out of Tune - That's Insane" While Cheongwadae Rebuts, "A Day before Ex-First Lady Lee Hee-ho's Visit - Provocation Could Not Be Expected"

National Defense Committee castigated the military and Cheongwadae held an unusual briefing to counter concerns over 'national security incompetence' At Na

China Has Devalued RMB Again - Southeast Asian Currencies Hit the 'Fresh Lows Since the Asian Financial Crisis'

China boosts its economy for 2 consecutive days-concerns raised over possible '1997 Asian Financial Crisis' redux Australian Dollar-Japanese shares fell, whi

[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

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

Bank of Korea Keeps Interest Rate Unchanged in August

The Monetary Policy Committee of the Bank of Korea has kept its base money interest rate unchanged in its August meeting. With this decision, the benchmark interest rate remains at 1.50 percent for two consecutive months. It was widely interpreted as a wait-and-see attitude amid the situation in whic...

Daum Kakao Eyes Internet Banking Service

Daum Kakao revealed its intention to become the largest shareholder of an Internet bank, once the banking law is revised. Choi Se-hoon, co-CEO of Daum Kakao, said during the second-quarter conference call held on August 13, If the banking law is revised, non-banking companies can increase their sta...

North Korea's Trade with China Shrinks More Than 10% in 1H

A study said the North Korean economy has shrunk during the first half of this year as trade with China and Russia slowed down. Lee Seok, research fellow with the state-run Korea Development Institute, said on August 13 in a research report "Is the North Korean Economy Getting Really Better?" "North...

40 Public Organizations to Hire 10,000 New Workers by 2017

Forty public agencies and state-run enterprises under the Ministry of Trade, Industry, and Energy will hire a total of 10,000 young employees for two years from next year after introducing the wage peak scheme by October this year. The industry ministry held on August 13 a workshop on public sector...

Hyundai Motor Regains No. 2 Market Value Ranking

The Hyundai Motor stock was closed up 5.04 percent at 146,000 won on August 12. In mid-session, the price once hit a high of 149,500 won, up 7.55 percent, retaking the No. 2 position in the KOSPI market by overtaking Korea Electric Power Corp. in eight trading days. Amid the shaky market situation w...

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

Ex-Japanese PM kneels before monument for Korean independence fighters during colonial period

Former Japanese Prime Minister Yukio Hatoyama kneels before a monument in memory of Korean independence fighters tortured to death during Japan's colonial rule of the Korean Peninsula (1910-1945)

South Korea's economy is showing modest improvements, central bank says

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South Korea keeps base rate at 1.5% for 2nd month

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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 operation

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

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Newly-Appointed CEO Lim JiHoon, Who Is Very Aggressive And Adventurous, Holds Reins of DaumKakaos Reformation

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[Looking At Future Technologies Through Patents] Teslas Patents Focus On Battery Technologies

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