The Korean daily media headlines and humor
Wednesday, Aug. 19, 2015
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:
Korea Post Media
P.S.: 1. To see the desired site, press down the Control key and click the blue URL of the media.
2. If received by a person other than the intended recipient, please kindly convey the mail to His/Her Excellency.
The Korea Post notices:
There is only one day left to the Gyeongju Silk Road Culture Festival (a one-night-two-day tour) on 21-22 August 2015.
Cloudy skies and scattered rain are forecast for the beginning day with a high of 27 degrees and a low of 23 degrees. The Festival will take place rain or shine.
HYANGDAN HOUSE IN YANGDONG FOLK VILLAGE IN GYEONGJU?One of the biggest traditional Korean tile-roofed houses of the nobility in the Joseon Dynasty. It is located at the entrance of the Yangdong Folk Village in Gyeongju City. Hyangdan was built in 1543 and was designated as the 412th Treasure on Nov. 14, 1964. Hyangdan was the house of Governor Yi Eon-jeok of the Gyeongsang Province during the Joseon Dynasty. Yi had the house built for his younger brother, Yi Eon-jeok, who looked after his ageing mother in his place because he could devote himself to serving the King. Hyangdan, therefore, stands for good brotherly relations, filial piety for parents and loyalty to the king. Yangdong Village was designated as the 189th Important Folk Relic on Dec. 20, 1984 as an upper class community. Hyangdan is one of the main tourist destinations for the ambassadors and spouses during their visit to Gyeongju on the occasion of the Gyeongju Silk Road Expo on Friday 21, August 2015.
Invitation to Gyeongju Silk Road Culture Expo
I am pleased to inform Your Excellency that Governor Kim Kwan-yong and Mayor Choi Yang-sik of Gyeongju City cordially invite Your Excellency and Madam to 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.
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:
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.
Piety vs Atheism
A very religious man lived right next door to an atheist. He prayed day and night spending much time at church, while the atheist never even thought of such acts.
The atheist had a well-paid job, a beautiful wife, lovely children, whereas the religious man¡¯s job was stressful and his wages were low, his wife getting fatter every day and his children were obnoxious.
One day deep into his payer he said, ¡°Oh God, I ask your advice for every problem and confess to my sin. My neighbor who never prays seems blessed with every happiness while I go poor. Why is this?¡±
A voice bellowed out from above, ¡°Because he doesn¡¯t bother me all the time!¡±
UN Command Proposes General-Level Talks with N. Korea
The United Nations Command (UNC) has proposed general-level talks with North Korea to discuss the recent land mine explosions in the Demilitarized...
Producer Prices Lowest in 4 Years 9 Months
Parties Agree to Maintain 300 Parliamentary Seats
S. Korea to Continue Efforts to Hold Trilateral Summit with China, Japan
Two Koreas Agree on 5% Hike in Minimum Wage for Gaeseong Workers
Drop in Won-Yuan Rate to Lead to Decrease in S. Korean Exports
Producer Prices Lowest in 4 Years 9 Months
Gov't to Readjust Economic Forecasts to Realistic Levels
Pyongyang Time Affects Operation Hours of Liaison Offices
N. Korea Calls for Ending S. Korea-US UFG Drills
Pyongyang: Two Koreas Enter Virtual State of War Due to Military Drill
'Park's Attendance at China's Military Parade Inappropriate'
China, Japan to Hold Summit Next Month
Remains of 115 Korean Forced Laborers to Return from Hokkaido
Arrest Warrant Issued for Former NPAD Lawmaker
Army Sergeant Gets Death Penalty in Appellate Court for Shooting Rampage
"Working Age Should Begin Earlier"
129-year-old Composition of Arirang Newly
KBS Future Forum Invites Renowned Scholars
S. Korea to Open Korean Culinary Courses in
Postech Professor Becomes First S. Korean to Receive APEC Science Award
S. Korean Scientists Produce Breakthrough in Dream Material
Korean Scientists Find Micro-RNA Link to Nicotine Addiction
Chung Mong-joon will Visit 209 FIFA Member Nations to Campaign for FIFA Presidency
Chung Mong-joon Announces Bid for FIFA Presidency
Kim So-hui Wins Gold at WTF Taekwondo Grand Prix
Producer prices fall for 12th month in July
Producer prices in South Korea declined for the 12th straight month in July, tracking a fall in global oil prices, data showed Wednesday.
The producer price index, a measure of future consumer inflation, reached 101.43 in July, down 4 percent from the previous year, according to the preliminary data from the Bank of Korea (BOK).
It slipped 0.3 percent from a month earlier.
S. Korea to host foreign diplomats for training
South Korea will host a group of diplomats from developing nations to help strengthen their diplomatic skills and improve their understanding of South Korea, organizers said Wednesday.
Lotte's fast food unit undergoes tax probe
South Korea's tax authorities have conducted a month long tax probe into the fast food chain arm of Lotte Group, which is embroiled in a family feud over control of the sprawling retail giant, sources said Wednesday.
N. Korea publishes 4 major newspapers in color
North Korea has published four major newspapers in color on the occasion of the 70th anniversary of Korea's liberation from Japan's colonial rule, a move seen as strengthening the personality cult for the North's leader.
Samsung ups presence in global TV market in Q2
South Korean tech giant Samsung Electronics Co. consolidated its top position in the global television market in the second quarter with brisk sales of premium models, data showed Wednesday.
N. Korea publishes 4 major newspapers in color
N. Korea, Russia sign protocol on forestry cooperation
Australia supports S. Korea on N.K. mine attack
U.N. Command proposes general-level talks with N...
Lotte's fast food unit undergoes tax probe
Samsung ups presence in global TV market in Q2
Seoul shares open lower on U.S., China woes
SK Group striving to soothe public after chairman's prison..
Samsung, MIT find way to make batteries with 'indefinite' ..
YG, Yang Hyun-suk file damages suit against reporter
Gov't to create two new cultural facilities in Se..
BigBang to delay release of new album
FIFA presidential hopeful Chung Mong-joon returns h..
Gov't to create two new cultural facilities in Se..
The Korea Times (http://www.koreatimes.co.kr)
Korean Air to build `K-Experience Park' near Gyeongbok Palace
The government said Tuesday that it will construct multipurpose cultural facilities in central Seoul to provide fresh momentum to the Korean cultural wave or hallyu. The highlight of the culture enrichment program is the constru...
Minimum wage for Gaeseong workers to rise 5 percent
The two Koreas have agreed to raise the minimum wage by five percent for North Korean workers at t...
Civil servants encouraged to play golf
Trade and Industry Minister Yoon Sang-jick¡¯s golfing during his summer vacation is expected to enc...
Amnesty's stance on sex trade draws protest here
Korean women¡¯s rights groups are protesting Amnesty International¡¯s recent decision to advocate for the decriminalization of the sex trade.
Chung faces rough sailing for FIFA bid
Former FIFA Vice President Chung Mong-joon has launched his campaign for the world football body¡¯s...
Hyundai Motor to hire more young people
Hyundai Motor Group will hire nearly 10,000 young jobseekers this year and more next year to help alleviate the country¡¯s deepening youth unemployment. Its su...
Superstar K returns with 7th season
¡°Superstar K,¡± the biggest Korean television talent show, launched its seventh season on cable net...
Crying out for direct voice
Professor's death sparks controversy over university's way to select president.
Tripartite talks for labor reform may not resume anytime soon
The Federation of Korean Trade Unions (FKTU) has delayed its decision on returning to the stalled ...
'NK loudspeakers not performing well'
North Korean front-line units resumed broadcasting propaganda using loudspeakers in response to the South¡¯s resumption of similar broadcasts following the rec...
'One Dream, One Korea' kicks off in Washington
WASHINGTON - Two popular K-Pop stars, Yangpa and Na Yoon-kwon, introduced in Washington, DC a new ...
Lawmakers abuse power for children's employment
Lawmakers are being criticized for abusing their status in order to improve their children¡¯s chanc...
Ministers of two Koreas invited to forum in Russia
The Russian government has invited Unification Minister Hong Yong-pyo and North Korea¡¯s Foreign Trade Minister Ri Ryong-nam to a regional economic forum slate...
The Korea Herald (http://www.koreaherald.com)
Korea to establish cultural facilities in central Seoul
The Ministry of Culture, Sports and Tourism said Tuesday that it would create multipurpose cultural centers in Seoul in ...
Female students dominate college exam
Female students who took the college entrance exam ¡ª known here as the ¡°Suneung¡± ¡ª last yea...
KT, BC Card launch all-in-one digital wallet
South Korea¡¯s leading mobile carrier KT and its financial business unit BC Card released a ¡°v...
Bangkok police say man with backpack is bomber
Thai police said Tuesday investigators believe a man seen in security video wearing a yellow T-...
SK chairman catches up on creative economy b...
SK Group chairman Chey Tae-won cheered on staffers by visiting the group¡¯s provincial-based innovation c...
China¡¯s Victory Day
While the Blue House says it will make an official statement in the latter part of the week,...
One of the worst accidents in China¡¯s recent history involving toxic materials has claimed ...
Hong Sang-soo¡¯s new film wins at Locarno
South Korean auteur Hong Sang-soo has won the prestigious Golden Leopard award at the 68th Loca...
DongA Ilbo (http://english.donga.com)
Abe likely to visit China on World War II anniversary
The Chinese government is making final coordination with Japan over a plan to hold summit by accepting Japanese Prime Minister Shinzo Abe¡¯s visit to China on September 3, the Japanese daily Mainichi Shimbun reported...
Participants booed opposition leadership at 6th anniversary of Kim Dae-jung¡¯s death
Memorial for the 6th anniversary of former President Kim Dae-jung (DJ)¡¯s death was held in the Seoul National Cemetery on Aug. 18. Politicians from the ruling and opposition parties participated and paid tribute to DJ...
Ex-aide to education minister speculated as appointed to professor preferentially
A former aide to Hwang Woo-yea, education minister and deputy prime minister for social affairs, is speculated to have been preferentially appointed as professor of Dongduk Women¡¯s University. According to the...
Korean women`s volleyball team to vie for Olympic finals
The Korean women¡¯s volleyball team is seeking a berth to the finals of the Olympic Games for two consecutive events by banking on "young bloods." Team Korea will depart for Japan on Thursday to participate at the 2015...
Park In-bee to face off younger rivals at Canadian Pacific Women¡¯s Open
Park In-bee (27) has unforgettable memories at the Canadian Pacific Women¡¯s Open of the U.S. LPGA Tour. The story goes back to 10 years ago. Back then, Park, as a high school senior, passed Monday¡¯s preliminary round of...
Superstar K to kick off its new season Thursday
¡°Superstar K¡± season 7, Cable TV channel Mnet¡¯s audition program and Korean version of American Idol, will start at 11 p.m. on Thursday. Seasons 1 to 6 had been aired on Fridays, but season 7 can be watched on...
Controversies over N. Korean leader¡¯s call for ¡®highest-level¡¯ talks
Ki Sung-yueng, Son Heung-min as promising Korean soccer players
New year¡¯s wishes change over time
Samsung¡¯s mobile phone beats Apple to top ACSI
Actor Lee Jung-jae reported to be in a relationship with Daesang heiress
N. Korean leader shows willingness to hold inter-Korean summit
U.S. military base in Yongsan bans civilian drones, model aircrafts
Japanese police on 14-year manhunt for cruel murderer
Chosun Ilbo (http://english.chosun.com)
More Young Women Mull Military Careers
A growing number of young women are signing up for the military, which is still overwhelmingly a male bastion, and many of them are university-educated. An increasingly tough job market is driving more and more women to turn to the military for experience and job security. >> Full Text
2 Koreas Agree 5% Wage Hike for Kaesong Workers
The two Koreas have agreed to hike the minimum wage for North Korean workers at the joint Kaesong Industrial Complex by five percent. Pyongyang 10 months ago unilaterally announced a wage hike for the industrial park. >> Full Text
Airlines to Waive Fuel Surcharge in September
Airlines have promised to waive fuel surcharges on international flights next month as global oil prices continue to drop. Fuel surcharges are charged on international and domestic routes according to changes in the average price of fuel traded on Singapore's spot market. >> Full Text
N. Korea Restarts Its Own Loudspeaker Campaign
Salvage Company Starts Surveying Sunken Ferry
Rising Obesity Poses Major Health Risks
Son Yeon-jae Fails to Win Medals at Gymnastics World Cup
Hyundai Scion Throws Hat into FIFA Ring
Super Junior Win Teen Choice Awards in U.S.
High Schooler Signs Deal with Chicago Cubs
Hankyoreh Shinmoon (http://english.hani.co.kr)
Pres. Park reportedly says reunification ¡°could come tomorrow¡±
Reported remarks from closed-door session appear contingent upon some kind of upheaval in the North
President Park Geun-hye said reunification between North and South Korea ¡°could happen tomorrow¡± during a discussion last month with the Presidential Committee for Unification Preparation (PCUP), sources reported. Her remarks were read by some as alluding to a possible reunification following some kind of ¡°collapse¡± in the North.
[Analysis] With no long-term diplomatic plan, S. Korea to remain a shrimp among whales
Northeast Asia and the Pacific Ocean are becoming a vast chess board for international politics. Great powers such as the US, China, Japan, and Russia are making strategic diplomatic moves on that board as part of their long-term plans, which look decades into the future. At stake in this game are each country¡¯s hegemony and national interest. Despite claims that South Korea has been upgraded from a shrimp surrounded by whales to a dolphin-like medium power, .
[News analysis] After Abe¡¯s statement, Pres. Park inching closer to Japan
During President Park Geun-hye¡¯s address on Aug. 15, marking the 70th anniversary of Korea¡¯s liberation from Japan, she said, ¡°Though many difficulties remain, now is the time to move together into a new future based on a correct understanding of history.¡± Park effectively reaffirmed her ¡°two-track¡± strategy of separating historical disagreements from issues related to defense and the economy. .
[Reporter¡¯s notebook] The historical tale behind Abe¡¯s statement
The best summation of the Japanese attitude toward its recent history may be the view of novelist Ryotaro Shiba (1923-1996). This view was articulated most clearly in ¡°Clouds above the Hill,¡± a fictional saga that was serialized in the Sankei Shimbun newspaper starting in 1968. .
New documentary about a former comfort woman¡¯s ¡°Last Tear¡±
¡°I really, really wanted to have a baby, but I couldn¡¯t, right? When I was 34 or so, I took home three babies from the orphanage and raised them.¡±Park Suk-i, 94, a former comfort woman living on Namhae Island in South Gyeongsang Province, shared the story of her past calmly, but the sounds of sniffling could be heard from various members of the audience. .
[Interview] After Abe¡¯s statement, one US professor wishes to bellow, ¡°Bollux!¡±
Alexis Dudden, a professor at the University of Connecticut, drew a heated response when she spearheaded a joint statement by US historians last February opposing the Shinzo Abe administration¡¯s attempts to misrepresent Japan¡¯s historical actions. After Japanese Prime Minister Shinzo Abe¡®s statement on the 70th anniversary of Japan¡¯s World War II surrender, she conducted an email interview with the Hankyoreh¡¯s Washington correspondent.
JoongAng Ilbo (conservative): (http://koreajoongangdaily.joinsmsn.com/)
Korean Air hotel plan turns into culture center
The Ministry of Culture, Sports and Tourism announced Tuesday it will build a cultural complex on a lot east of Gyeongbok Palace where Korean Air had planned to build a hotel. The lot in Songhyeon-dong, located between the Gyeongbok Palace and Insa-dong, central Seoul, has been making headlines since Korean Air bought it in 2008¡¦
Kaesong talks end in win-win
South and North Korea agreed on a 5 percent hike in the minimum wage for some 53,000 North Korean workers hired by South Korean companies¡¦
China releases sex slave recruitment documents
Chinese authorities have revealed new documents that show the Japanese army coerced a group of some 2,000 Korean women in the 1940s to serve as sex slaves¡¦
KT, BC Card reveal ¡®Clip¡¯ service
KT and BC Card have unveiled a mobile wallet service, Clip, which alerts users to the discounts and rewards they are entitled to with their credit and debit cards.¡¦
Foreign funds flee from struggling Kospi bourse
Foreign investors are offloading local equities at a quickening pace, with the continued depreciation of the Chinese yuan applying pressure to the local currency¡¦
Sit-in, scuffles in protest at union leaders¡¯ talks
Scuffles and a sit-in protest by about 100 members of the Federation of Korean Trade Unions forced the cancellation of a meeting of the group¡¯s leaders on Tuesday¡¦
Redeeming her life by sending kids to school
The JoongAng Ilbo collected the oral histories of 13 survivors of sexual slavery during World War II over the past month¡¦
After MERS, autonomy is proposed for the KCDC
In the wake of the Middle East respiratory syndrome (MERS) outbreak, the government is considering upgrading the Korea Centers for Disease Control (KCDC)¡¦
Politicians honor Kim Dae-jung in tense event
Major political players on both sides of the aisle remembered former President Kim Dae-jung at a ceremony commemorating the sixth anniversary of his death¡¦
Maeil Kyungje (neutral-oriented conservative, economic/business): (http://news.mk.co.kr/english/)
Moody's cuts S. Korea¡¯s growth to 2.5%
Moody`s, the US-based international credit rating agency, lowered South Korea¡¯s gross domestic product growth estimate for this year to 2.5 percent, down 0.5 percenta.. ...08.19 10:22
Samsung gearing up for ¡®Galaxy O¡¯ series
South Korean tech giant, Samsung Electronics, will launch its new midrange smartphones - Galaxy O series - says a news release from a media outlet . According to a me.. ...08.19 09:56
FKTU delays discussion of return to tripartite talks until Aug. 26
The Federation of Korean Trade Unions (FKTU) has put off its decision on whether to return to a tripartite committee of government, labor and management until August 2.. ...08.18 17:51
Looming global economic crisis: Get solutions from gurus
Rumors are surfacing that the world might be hit by an economic crisis in September, turning the atmosphere sour. The Chinese government surprisingly moved to weaken i.. ...08.18 17:34
Samsung to back start-ups
Samsung Electronics will offer an opportunity for executives and employees to start a business, a move meant to imbue Silicon Valley¡¯s innovative culture into the ent.. ...08.18 14:30
Chairman Shin wins shareholder votes; brings end to family feud
A family feud over the control of Lotte Group comes to an end as Lotte Group chairman Shin Dong-bin has won a complete victory in a shareholder meeting, solidifying th.. ...08.18 13:19
LG Display to switch focus to OLED panels
South Korea¡¯s LG Display will focus investment on organic light-emitting diode (OLED) displays as a new growth engine. Han Sang-beom, head of LG Display, announced a.. ...08.18 11:31
Giant obstacles to S. Korea economy: Militant labor union and infertile st..
One in two South Korean business management experts blamed a fragile footing, on which small and mid-sized business (SMBs) and start-ups are on, in addition to hard-li.. ...08.18 10:27
The Kyunghyang Shinmoon (http://english.khan.co.kr/)
Diplomatic Battle in Northeast Asia Enters New Phase: South Korea Faces a Series of Tests
The diplomatic battle in Northeast Asia has entered a new stage. With Japanese Prime Minister Shinzo Abe's statement on the seventieth anniversary of the end o¡¤¡¤¡¤
North Korea Fights Back with "Loudspeakers" toward the South
The North Korean military has resumed loudspeaker broadcasts toward the South after eleven years in response to the South's loudspeaker broadcast toward the No¡¤¡¤¡¤
[Editorial] President Park's Dangerous Perception Revealed in Her National Liberation Day Speech
The 70th National Liberation Day ceremony was louder than ever. The government designated August 14 as a temporary national holiday and guaranteed citizens a th¡¤¡¤¡¤
President Park's Speech on the 70th Anniversary of National Liberation: A Mix of Criticism and Dialogue with No Solution?
President Park Geun-hye did not suggest anything special or present any diplomatic solutions to North Korea or Japan in her congratulatory address on Aug¡¤¡¤¡¤
President Park Grants Special Pardon on Liberation Day with Sketchy National Unity, as She Breaks Her Own Principle
President Park Geun-hye held an extraordinary cabinet meeting yesterday, granting special pardons to 6,527 Koreans including 14 businesspeople. Mr. Chey Tae-won¡¤¡¤¡¤
[70 Years after Division-Future of South and North Korea] Different Economy, Different Mindset-SK and NK Will Become ¡®Two Different Countries¡¯
Korea, be it South or North, was liberated on the same day 70 years ago. Although the peninsula was divided by the 38 degree latitude line behind barbed fences,¡¤¡¤¡¤
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¡¤¡¤¡¤
The Korea Economic Daily (http://english.hankyung.com/)
Discount Stores Enjoy Sales Up 25.6% Thanks to Temporary Holiday
Thanks to the designation of August 14, one day before the National Liberation Day, as a temporary holiday, Korea¡¯s discount stores enjoyed a robust growth in sales during the period. According to the Ministry of Strategy and Finance, the August 14-16 sales of department stores rose 6.8 percent com...
Korea¡¯s Market Share in Mobile DRAM Market Reaches All-time High
Korean firms are enjoying an unrivaled presence in the global mobile DRAM market, with their combined market share breaking the 80 percent barrier for the first time in history. According to the TrendForce report by a semiconductor e-commerce site DRAMeXchange on August 18, Samsung Electronics gaine...
Will Samsung¡¯s ¡°Twin Phablet Strategy¡± Pay off?
Samsung Electronics released Galaxy Note 5 and Galaxy S6 Edge simultaneously as part of an effort to regain its leadership in the premium smartphone market from its rival Apple. Samsung Electronics¡¯ IM division, which is responsible for the smartphone business, enjoyed a boom time in the third qua...
1H Net Profit of Publicly Listed Firms under Top 10 Conglomerates Falls 51%
The aggregate net profit of Korea's publicly listed firms belonging to top-ten business groups has declined 20 percent in the first half of this year, largely because poor results of Samsung Group affiliate companies. According to Chaebol.com, the service tracking corporate financial performances, t...
Samsung Electronics Joins Hands with Prestigious U.S. Culinary School
Samsung Electronics announced on August 18 that it formed a strategic alliance with The Culinary Institute of America. The signing ceremony was held at the CIA¡¯s New York Campus on August 17. This alliance came after Samsung Electronics formed an alliance with France¡¯s national culinary school Fer...
AJU Business Daily (http://eng.ajunews.com/korea)
Biological agent attack drill in Seoul, South Korea
Medics treat a victim during an anti-terrorism drill simulating a biological attack in front of the Seocho District Office in southern Seoul on Tuesday. The drill took place in conjunction with the jo¡¦
Fall semester starts
Two students are in action, while others look on during a friendly arm-wrestling match at a primary school in Yongsan-gu, Seoul, Monday, the first day of the new semester.
Funerals for CJ Group honorary chairman Lee Maeng-hee to be held in Seoul Aug. 20
The Korean national flag is hoisted at CJ headquarters in Huam-dong, Jung-gu, Seoul, capital of South Korea, Monday. Lee Maeng-hee, honorary chairman of CJ Group, the country's largest food and en¡¦
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
South Korea's economy is showing modest improvements on the domestic demand side with the subsiding of the outbreak of Middle East Respiratory Syndrome (MERS) in the country, the central bank said¡¦
South Korea keeps base rate at 1.5% for 2nd month
South Korea's central bank Thursday kept its benchmark interest rate for August at a record low of 1.5 percent for the second consecutive month. In June, the Bank of Korea (BOK) slashed the ba¡¦
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¡¦
SK Corporation Is Investing $38.9 Billion Into Extending 2 Semiconductor Lines And Others In Correspondence To Superiority In Competition Against China¡¦There Will Be Huge Expected Effect In Downstrea
SK Corporation is currently examining its investment method that is worth $38.9 billion (46 trillion KRW) and includes extension of 2 SK Hynix¢®?s semic...
Read the full story
RansomWeb That Makes Server DB Data Hostage By Encoding It Lands In Korea
A Developer¢®?s web and file servers were attacked by RansomWebs, and its data within servers became encoded and it is going through difficulties on its bu...
Read the full story
K-lab¡¯s Iris Recognition Technology Is Getting Exported To China
Korea¢®?s door lock model that has iris recognition technology installed is being exported to China. Starting with about 200,000 door locks, amount of supply...
Read the full story
How Deep Has North Korea Hacked Into Large University Hospital In Seoul?
It is found out that computer network of large university hospital in Seoul was left alone for 8 months from outside group¢®?s hacking attack that is reportedl...
Read the full story
Dongbu HiTek¡¯s Operating Profit In First Half Increases 315%
Dongbu HiTek (CEO Choi Chang Sik President) announced on the 13th that it made sales of $253 million (296.8 billion KRW), operating profit of $39.2 million (46.1 b...
Read the full story
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