Aug. 20, 2015

The Korean daily media headlines and humor

Thursday, Aug. 20, 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:

Finally, it is Tomorrow, 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.

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Invitation to Gyeongju Silk Road Culture Expo

I am pleased to inform Your Excellency that Governor Kim Kwan-yong and Mayor Choi Yang-sik of Gyeongju City cordially invite Your Excellency and Madam to a one-night-two-day tour and to attend the Opening Ceremony of the Gyeongju Silk Road Culture Expo on Friday 21 August 2015, which includes a drama on the noted ‘Korean Buddhist Monk Hyecho’s Pilgrimage and Tour of India and the Middle East’ in the 8th Century and a tour of the Gyeongju Museum and Yangdong Korean Folk Village. Now preserved at the Paris National Museum in France, the rare hand-written book by Ven. Hyecho features various strange customs of living, which include ‘Men and women living stark-naked,’ ‘Tribal community where the brothers share one woman,’ ‘Cooking rice in a clay pot’ and ‘Tribes having no sauce but only salt.’

Story and photos on Yangdong Folk Village: /news/view.html?section=162&category=182&no=1019

Story and photos on famed Buddhist Monk Hyecho: /news/view.html?section=162&category=182&no=1020

Earlier in May this year, over 60 ambassadors and other senior diplomats attended the prelude event ‘Gyeongju Student Silk Road Festival’ when the drama featured the “Love Story of Silla Princess and Iranian Prince.’ The Main Gyeongsu Silk Road Culture Expo (unlike the prelude student event) has many interesting programs extremely attractive to the Ambassadors and Madams.

As in the case of the previous (student) festival, deluxe KTX Train will be used between Seoul and Gyeongju.

A formal letter of Invitation will be faxed and emailed to Your Excellency today.

Just in case of our possible transmission failure, our contact phone numbers are:

Regular phones: 2298-1745/6, 2298-1740/2

Mobile phones: Ms. Kim at 010-3388-1682 (Korean), David Chung at 010-3481-1101 (English) or Chairman Lee at 010-5201-1740.

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Use the 2015 Namyangju Slow Life Festival to introduce your delicious food

Namyangju City, on the eastern outskirts of Seoul, hosts the 2015 Namyangju Slow Life Planet International Festival on  October 8-17, 2015 in a 10-day run, which is an extended Festival from the successful Namyangju Slow Food Fair which the City  hosted in 2013. The Korea Post, a principal supporter, covers the Festival with all its five media units in the following three months and throughout the 10-day period. Related URLs are as follows:

http://www.slowlifeplanet.org/english/Introduction of Festival/Invitation Message

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

/news/view.html?smode=&skey=food&x=15&y=11&section=162&category=182&no=985

As a prominent event of the Festival, the Organizing Committee has a special exhibition program of the food materials (durable ones) and cooking utensils of the different countries, including the following:

1. Rice, wheat and corn from different countries

2. Representative bread of all the countries of the world, including Northern India, Pakistan, Middle East Countries, Germany, Israel, North America, Europe, Italy, Turkey, Scotland, North America and Europe.`

3. Spices and condiments from different countries (such as Coriander of Vietnam, Lemon grass of Thailand, Basil of Italy, Saffron of India and Spain, Turmeric of India, Oregano of the Mediterranean countries, Allspice, bay leaves, Tarragon, Thyme, Close and Star anise).

4. Tableware (such as spoons, bowls, dishes, plates, tablecloth, aprons)

5. Cooking utensils such as cutting boards, knives, cooking pots, pans, cheese-grinder, pasta-making tools)

6. High-resolution photo images of the above for showing at the event site and publication by the five media units of The Korea Post for the three consecutive months.

7. Videos introducing the culture and tourism-related aspects of each country

For participation and further details, please call 010-3388-1682 (Korean), 010-3481-01101 (English) or 5201-1740 (Chairman Lee). Regular phones are: 2298-1740/2, 1745/6. Fax 2298-9506.

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Today’s humor:

Hankuk Kyungje

Witty Trevino

Lee Trevino, a Mexican-American, who attained his fame as a legendary golfer, had worked his way up from shoe shining and caddying.

Now retired, the erstwhile champion was one day mowing his front yard lawn.

A lady driving by in a Cadillac stopped in front of his house and asked, “what do you charge for that work?”

Well-known for his biting wit, the man said, “Well, I don’t get in cash. The lady in this house lets me sleep with her.”

The woman hurriedly sped off.

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

Park to Attend China's Victory Day Celebration Next Month

President Park Geun-hye has decided to attend a Victory Day celebration in China that is slated to take place in Beijing on September...

KOSDAQ Falls 11% Since China's Currency Devaluation

Iron Pots from Baekje Period Found in Iksan

Park to Attend China's Victory Day Celebration Next Month

NPAD Reform Committee Proposes Lawmaker Evaluation System

Park Meets IOC Chief on 2018 Winter Olympics

84 Flights Returned over 5 Years

FSC Gives Final Approval for Hana-KEB Merger

N. Korea Denounces Park's Liberation Day Speech

N. Korea Could Target Loudspeakers at DMZ

Pyongyang Time Affects Operation Hours of Liaison Offices

Seoul-Washington Nuclear Accord Clears Congressional Research Service

Japan Seeks WTO Panel on S. Korea's Fisheries Import Ban

S. Korean Couple Found Dead in Philippines

2 Corean Alliance Members Indicted on Charges of Violating Security Law

Antiterrorism Drill Held at Subway Station in Seoul

Chinese Consortium Begins Sewol Salvage Inspection

Iron Pots from Baekje Period Found in Iksan

Young Korean Traditional Musicians to

12th Jarasum Int'l Jazz Festival to

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

S. Korea Defeats Iran 13-0 in AFC U-19 Women's Championship

IOC President Arrives in S. Korea

Chung Mong-joon will Visit 209 FIFA Member Nations to Campaign for FIFA Presidency

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

Park to attend China's celebrations of 70th anniversary of end of WWII

President Park Geun-hye will make a three-day visit to China next month to attend its celebrations of the 70th anniversary of the end of World War II, a senior official said Thursday.

S. Korea sends letter to U.N. on N. Korea's mine attack

South Korea has informed the U.N. Security Council of the details of a recent land mine explosion blamed on North Korea, a Foreign Ministry official said Thursday.

Major shipbuilders dip to yearly lows amid dim outlook

South Korea's major shipbuilders, led by Hyundai Heavy Industries Co., traded at yearly lows on Thursday as investors increasingly fret over their business outlook, analysts said.

Health ministry to deploy another medical helicopter

South Korea's health ministry said Thursday it will deploy one more special helicopter equipped with state-of-the-art medical instruments in line with its efforts to expand welfare services in isolated areas.

Parliament to hold disciplinary committee on lawmaker over alleged sexual assault

The National Assembly will convene its disciplinary committee Thursday to review a sitting lawmaker -- formerly affiliated with the ruling party -- accused of sexual assault.

S. Korea sends letter to U.N. on N. Korea's mine at..

S. Korea explains N.K. mine blasts to U.N. Securi..

N. Korea conducts engine test at rocket launch site: 38 No..

Park balances U.S., China in diplomacy, Japan still challe..

BOK governor underscores structural reform for growth

Major shipbuilders dip to yearly lows amid dim outlook

Health ministry to deploy another medical helicopter

Stock turnover dips as market turns volatile

Seoul shares open lower on telecom, chemical losses

Girls' Generation to make cameo on U.S. show

Korean book picked as children's book of year by U.S. illu..

Japan hints at not backing S. Korean candidate in FIFA ele..

S. Korean surfer comes down with apparent virus in Rio Oly..

Samsung heir meets IOC chief over 2018 Winter Olympics

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

CJ Group holds funeral for Lee Maeng-hee

CJ Group held the honorary chairman Lee Maeng-hee's funeral earlier today at a group building in central Seoul.

Trainer indicted for allegedly forcing girls to smoke marijuana 

A man, 33, who worked as a trainer for an entertainment management company, has been indicted with...

Korean Air cries foul about flight attendant training 

Being a flight attendant is one of most coveted jobs among young women here. But there is no standard way to become one, and some private institutes, or hagwo... 

Man booked over camera under female colleague's desk 

A public officer in the Uijeongbu Institution Public Corporation has been booked without detention... 

Another Lotte unit under tax audit 

A Lotte Group’s fast food franchise was found Wednesday to have been audited by the tax agency, ig... 

Unconventional cake shop emerges as hotspot 

Novelty is a crucial ingredient to success in Seoul’s highly competitive food business. 

N. Korea publishes 4 major newspapers in color 

North Korea has published four major newspapers in color on the occasion of the 70th anniversary o... 

SPO album shortlisted for Gramophone Award 

The Seoul Philharmonic Orchestra’s (SPO) “Unsuk Chin: 3 Concertos” disc has been shortlisted for a... 

Underwater inspection to salvage Sewol begins 

A Chinese salvage company has started its underwater operation to recover the wreckage of the ferr... 

Opposition claims NIS spied on citizens 

The main opposition New Politics Alliance (NPAD) on Wednesday produced what they claim is new evid... 

IOC chief satisfied with PyeongChang progress 

The International Olympic Committee (IOC) President Thomas Bach met with the 2018 PyeongChang Wint... 

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

Park to visit China for WWII event: Blue House

President Park Geun-hye will visit China for a three-day trip to attend celebrations to mark the end of World War II ear...

S. Korea sends letter to U.N. on N. Korea's mine attack

South Korea has informed the U.N. Security Council of the details of a recent land mine...

Blue House leak furor rekindled

A former presidential secretary reportedly claimed Wednesday that it was President Park Geun-hy...

Drinking significant factor in domestic violence in South Korea

When Lee Tae-ho, a social worker at the National Child Protection Agency, last year visited a 7...

Two lawmakers face uproar over kids' employm...

A number of lawmakers are facing increasing pressure on allegations that they influenced sought-after wor...

Preventing crisis

The recent devaluation of the Chinese yuan, which followed a free fall in its stock market, ...

Worse than useless

A recent OECD report grabbed headlines in the Korean media as it highlighted Koreans’ low c...

Camarata seeks young singers for kids’ choir

The Camarata Children's Choir performs at the Chungdong First Methodist Church in central Seoul...

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

Uighurs emerge as suspect of Bangkok terror

The possibility is widely raised that foreigners such as Uighurs could be behind the deadly bombing in the heart of the Thai capital. Judging that the terror attack was not committed by a single person, investigators... 

FEBC holds gospel contest at Sejong Center on Aug 31

The 23rd FEBC national gospel contest will take place at the Sejong Center for the Performing Arts in Seoul at 7 p.m. on August 31. The contest was initiated in 1981, when FEBC, or Far East Broadcasting Company,...

Simulation shows party-list system won`t work with current Assembly seats

The proposed introduction of a regional proportional representation system will unlikely help address the regional imbalances in parliamentary seats unless the number of lawmakers elected directly through popular votes...

Samsung TV targets 10th straight year of global No. 1

Samsung Electronics’ global TV market share rose in the second quarter from the previous quarter in terms of sales, making it highly likely to cement No. 1 position in the global TV market for the 10th straight year. ...

Kang Jung-ho hits 10th homer, commits major error at 9th inning

Kang Jung-ho of the Pittsburgh Pirates hit his 10th homer in the first year since his Major League debut. Kang hit a solo homer over the left fence on Monday by batting a curve ball off Diamondbacks` relief pitcher at...

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...

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)

Most Part-Time Workers Suffer Abuse at Work

Young people who are making ends meet doing part-time jobs commonly suffer abuse at work, a straw poll suggests. Job portal website Albamon polled 612 part-time workers and found that seven out of 10 suffered abuse at work. >> Full Text

N. Korea 'Preparing to Launch Short-Range Missile'

North Korea is preparing to launch a short-range missile, government sources here said Wednesday. "We have detected preparations for short-range missile launches in both the western and eastern parts of North Korea," a government official said. "We cannot rule out the possibility of a launch within the next few days." >> Full Text

Strong Currents Hamper Ferry Salvage

Chinese divers on Wednesday began the process of raising the ferry that sank off the southwest coast in April last year. The salvage operation started 281 days after the end of search and rescue operations, with nine passengers still officially missing. >> Full Text

Merged KEB-Hana Bank to Open on Sept. 1

Used Car Market Blossoms

More Young Women Mull Military Careers

Japan Deletes Webpage on Colonial Rule

2 Koreas Agree 5% Wage Hike for Kaesong Workers

2 Koreas Invited to Russian Economic Forum

Pyongyang to Host U-15 Football Tournament

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Hankyoreh Shinmoon (http://english.hani.co.kr)

Despite icy relations, South and North agree to Kaesong wage increase

Two sides reach an amicable compromise, with South having stuck to principle and North having won raise

North and South Korea ended six months of conflict with an agreement this week on a wage increase at the Kaesong Industrial Complex. The agreement is noteworthy for coming at a time when inter-Korean relations are otherwise in a downward spiral, with a recent mine blast at the Demilitarized Zone prompting both sides to resume propaganda broadcasts for the first time in eleven years.

[Interview] Expert: improved inter-Korean relations the key to prosperity

“The security environment in Northeast Asia is rapidly changing as the US responds to the rise of China with its rebalance to Asia and Japan moves to rearm. For South Korea to deal effectively with these difficult circumstances, the key is to improve relations and increase cooperation with North Korea,” said, senior analyst with the Sejong Institute. During the administration of Roh Moo-hyun, Lee was a policy maker in the areas of inter-Korean relations, foreign affairs, and security, serving as the Unification Minister and the secretary general for the National Security Council (NSC). .

Chinese currency devaluation spurring foreign capital flight from S. Korea

With China’s surprise devaluation of the yuan and hints of an interest rate hike in the US increasing financial uncertainty among emerging economies, the flight of foreign capital from the South Korean financial market is accelerating. .

Pres. Park reportedly says reunification “could come tomorrow”

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, .

Pres. Park comes out with harsher criticism of N. Korea for mine attack

On Aug. 17, South Korean President Park Geun-hye denounced mines that exploded in the DMZ as a “deadly provocation” by North Korea. Her criticism of the mine attack was much sharper than it had been in the address she delivered on Liberation Day, Aug. 15. .

Sources: N. Korea says no to dialogue with Park administration

Just after South Korean President Park Geun-hye made a string of proposals for talks with North Korea to exchange lists of names for reunions of the families divided by the Korean War, sources said on Aug. 17 that North Korean officials told the group accompanying Lee Hee-ho to North Korea early this month that the North would not engage in dialogue with the Park administration

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

Newest crisis for economy: China

Korean equities are already feeling shaky; exports suffering, too

Just when the Korean economy thought the worst was over with the end of the Middle East Respiratory syndrome outbreak, a new crisis has put it back on the brink: China. Analysts are already speculating that the government’s optimistic view of the Korean economy in the second half of the year...

North purge may be tied to memoir

Won Tong-yon, a senior North Korean official with years of experience in inter-Korean relations, has disappeared from public view since last December…

NPAD vows to boot out its bad reps

The main opposition party unveiled an ambitious reform plan and vowed to replace at least 20 percent of its least popular lawmakers with new faces in the next general election…

All eyes on low policy rate change

The biggest question the market has today is whether the Korean central bank will lower the already low 1.5 percent policy rate, as China’s unsteady market…

Energy offenders earn big by saving electricity

Some 1,300 factories, large discount markets and office buildings - which often use massive amounts of energy - have saved electricity worth 1.5 trillion won…

Seoul can now have its Magnolia cupcakes and eat them too

Magnolia cupcakes were first introduced to the Korean audience through the hit U.S. TV show “Sex and the City.” Others first heard of them through…

Legislature will stay at 300 seats: Nat’l Assembly

In response to a Constitutional Court ruling last year that ordered a redistricting of the national electoral constituency map, the National Assembly on Tuesday…

Allegations renew debate over law school, bar exam

The controversy over law schools, introduced seven years ago as an alternative to the national bar exam, has reignited in recent days amid renewed discussion…

U.S. sees hope for Korea-Japan ties

WASHINGTON - Japanese Prime Minister Shinzo Abe stopped short of offering a personal apology for Japan’s role in World War II, but his recent 70th anniversary…

MERS takes financial toll on hospitals

After Gangneung Medical Center reopened in mid-July following a partial two-month closure amid an outbreak of Middle East respiratory syndrome (MERS)…

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

Gov’t and ruling party set budget at $3bn for 2016

The South Korean government and ruling Saenuri party agreed on the budget of around 390 trillion won for next year, up about 10 trillion won from this year. Considerin.. ...08.20 11:09

Samsung invests in Israeli start-up to produce instant-charging battery

South Korea’s tech giant Samsung Electronics has built partnership with an Israeli start-up that has a technology to charge an electric vehicle in just five minutes. .. ...08.20 10:44

 

Gov’t to cut nominal GDP growth outlook to 4.3%

The government will balance its spending next year, ending its expansionary budget for the first time in five years, as it drastically cut its outlook for next year’s.. ...08.19 17:59

Samsung cements top position in global TV market

Samsung Electronics expanded its global presence in TV sales and shipments in the second quarter from the first quarter, getting closer to maintaining the world’s num.. ...08.19 17:35

RND PLUSE to launch 3-dimensional touch screens

A touch screen has become a common feature of small IT devices such as handsets and tablet PCs. Founded in 2010, RND PLUSE jumped in the large display touch screen mar.. ...08.19 15:57

 

Google Campus Seoul marks first 100 days

Google Campus Seoul is Google’s first startup incubating center in Asia. Its main goal is to secure sustainability in the startup ecosystem in Asia. It marks the firs.. ...08.19 13:39

Ruling party says will call Lotte chief as witness for parliamentary audit

The ruling Saenuri Party expressed its intention to call Shin Dong-bin, chairman of Lotte Group as a witness of the parliamentary inspection of administration, as the .. ...08.19 11:16

Rival parties seeking to modify corruption act

Calling are rising within political circles that the so-called Kim Young-ran Act, a bill to ban illegal solicitation and to prevent public officials from getting caugh.. ...08.19 11:11

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

[Exclusive] Yonsei University Professors Try to Go Play Golf Riding Military Aircraft during Ulchi Exercise ?

Yonsei University professors had planned an exclusive workshop which involved flying on an Air Force aircraft to the South Gyeongsang Province as part of···

[Editorial] Policy for Stronger Control over Universities Pushed Professor to His Death

A professor at Pusan National University jumped to his death revealing how seriously the government had infringed the autonomy of national universities. The nat···

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,···

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

Lotte Group to Pursue IPOs of Other Units Like 7Eleven and Lotteria

As Shin Dong-bin, chairman of Lotte Group Korea, revealed his plan to publicly list shares of Lotte Hotels & Resorts on August 11 as part of an effort to improve the group's governance structure, Lotte Group will continue its bid to other group units such as 7Eleven (convenience store chain) and Lot...

No. of Auto Recalls Forecast to Pass 1 Mil. Units This Year

The number of cars recalled during the first eight months of this year totaled 850,000 units, a level similar to last year’s total, according to the Korea Transportation Safety Authority. The number of auto recalls for the January-August period of this year totaled 849,149 units, including 745,829 ...

Samsung Electronics Unveils Premium USB Flash Drive

Samsung Electronics released a premium USB flash drive, a flash memory-based portable storage device which is used by plugging into a USB port, in the global market. The brand-new flash drive boasts outstanding performance, high level of reliability, and sturdy design that is resistant to external s...

Cheil Worldwide Forms Partnership with Mirriad

Cheil Worldwide, the largest advertising agency in Korea, is stepping up efforts to secure new product placement technologies in bid to gain a larger share in the fast-growing product placement market which is growing by about 20 percent per year. The ad agency announced on August 18 that it formed ...

Hyundai Mobis Inks 22 Bil. Won Supply Deal with Peugeot-Citroen

Hyundai Mobis announced on August 19 that it signed a 22-billion-won deal to supply ICS (integrated switch modules) to France’s PSA Group (Peugeot-Citroen). This is the first time for Hyundai Mobis to supply ICS components to PSA Group. Hyundai Mobis will produce the ICS products at its Tianjin (Ch...

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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…

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

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...

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...

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...

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...

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