The Korean daily media headlines and humor
Friday, Sept. 18, 2015
Here are a roundup of important headlines from all major Korean-language dailies, TV and other news media this morning:
Korea Post Media
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A round-up of the latest news published by the Korean media:
Gov't, Central Bank Gearing up for Lingering Uncertainties after US Rate Freeze
The United States Federal Reserve decided to keep its Fed Funds rate at zero to point-25 percent. While freezing the near-zero benchmark interest rate, Fed Chairwomen Janet Yellen did not rule out a possible rate hike later in 2015. As the much-anticipated rate decision was announced, the South Korean government and the central bank held meetings to discuss still lingering short-term uncertainties.
BOK Governor: Uncertainties Remain Despite Fed Decision
Vice FM: S. Korea to Differentiate Itself from Emerging Markets
S. Korean, French PMs Agree to Strengthen Economic, Cultural Corporation
Efforts Continue Despite Collapsed 2005 6-way Deal
S. Korean, French PMs Agree to Strengthen Economic, Cultural Corporation
Gov't Not Ready to Confirm Attempted Kidnapping by N. Korean Agents
Saenuri Party: N. Korean Threat of Rocket Launch is Anachronistic
KOSPI Gains, KOSDAQ Surges on US Rate Freeze
Labor Ministry Briefs Foreign Companies on Labor Reform Deal
N. Korean Mount Geumgang Resort Needs Repairs for Family Reunions
N. Korea Defends Rocket Launch, Nuke Test as Sovereign Right
Gov't Urges N. Korea to Improve Human Rights, Stop Accusations
China Holds Seminar to Mark 10th Anniv. of September 19 Joint Statement
San Francisco to Vote on Memorial for Sexual Slavery Victims
Quarter of N. Korean Children Suffer from Anemia
No progress in talks to resolve sex slave issue: official
Talks to resolve a pending dispute over Japan's sexual enslavement of Korean women during World War II ended with no progress Friday, South Korea's chief delegate to the negotiations said.
Security cameras to be mandatory at day cares in S. Korea
New day care centers are required to set up security cameras, the welfare ministry said Friday, as part of South Korea's efforts to curb child abuse.
S. Korean defense firm LIG Nex1 to go public next month
LIG Nex1, a defense unit of South Korean conglomerate LIG Group, said Friday it will go public on the Seoul bourse in October in what will be the first market debut by a local defense company.
Military vows comprehensive probe after faulty grenade kills soldier
The military said Friday it will recall all hand grenades produced in the same line as the one that accidentally exploded during an Army training session earlier this month.
Pirates' Kang out for season with broken leg
South Korean infielder Kang Jung-ho of the Pittsburgh Pirates will miss the rest of the season with a broken leg sustained on a hard slide by an opposing base runner, the Major League Baseball club announced Thursday, local time.
The Korea Herald (http://www.koreaherald.com)
Federal Reserve holds rate at zero; cites China worries
The Federal Reserve held its key interest rate locked at zero Thursday, citing worries about how the slowdown in China w...
Lotte head says family feud over
Lotte Group chairman Shin Dong-bin seized the parliamentary spotlight on Thursday by taking the...
Will Mercedes mangling video lead to refund law revision?
The Korean government and politicians are moving to revise the law on car management so that co...
Yuhan-Kimberly seeks new markets with ‘globalization’ strategy
When competing global baby product companies made inroads into Korea, Yuhan-Kimberly outsmarted...
Makers of Budweiser, Miller eye global merge...
Bottles of Budweiser (right) and Miller beer. (Bloomberg)The makers of Budweiser aren't satisfied with be...
Perils of postnatal cent...
The recent spread of tuberculosis at a postnatal care facility in Seoul is a reminder of the...
North Korea’s recent announcement that it has restarted the Yongbyon nuclear complex and an...
Anthropologist reveals new insight on Korea
“Way Back into Korea” By Choong Soon Kim(Ilchokak) Cover of “Way Back into Korea” (Ilchok...
KDB vows more support for SMEs
Korea Development Bank chairman Hong Ky-ttak takes a guided tour of Celltrion, a KOSDAQ-listed ...
The Korea Times (http://www.koreatimes.co.kr)
Pirates' Kang breaks leg, out for season
Korean baseball player Kang Jung-ho, of the Pittsburgh Pirates, has broken his leg and will miss the rest of the Major League Baseball season. Kang had surgery at Allegheny General Hospital to treat the injury, which happened in...
Koreans unhappy with life, report finds
Koreans are considerably well off in terms of income or job, but are unhappy with relationships an...
Seoul 11th most expensive city
Seoul is the 11th most expensive city to live in among 71 major cities around the world.
Young vent frustration with 'Hell Joseon'
“Hell Joseon” (Korea) is a newly coined term young people here widely use.
Christian leaders from two Koreas to meet in Pyongyang
Christian leaders from South and North Korea will meet in Pyongyang on Oct. 24 to discuss how to p...
Body confirmed as 14th victim of capsized boat
A body found near Chuja Island on the nation’s southern coast Wednesday has been confirmed to be t...
Microsoft to partner with Lotus F1 at Grand Prix
Microsoft is set to unveil how its business management tools can be applied to racing...
DongA Ilbo (http://english.donga.com)
8.3-magnitude earthquake hits Chile
Powerful earthquake struck off Chile’s northwest coast and killed at least five people. New Zealand and Fiji are on alert for tsunami. United States Geological Survey (USGS) has issued a tsunami alert or alarm to the...
Ahn Byeong-hun is at 2nd place in Shinhan Open on his birthday
Moving to press conference after the first round in Shinhan Open at Bear`s Best Cheongna in Incheon on Thursday, Ahn Byeong-hun (aged 24) was surprised at the unexpected gun salute. The organizers threw a surprise party...
CCTV brings down 5 violent crimes in school zones and parks
The closed circuit television (CCTV) has played an important role in arresting Kim Il-gon, a suspect of “trunk murder.” The CCTV footage showed Kim who was wondering around the crime scene and disappeared after changing...
Original member of Korean folk band C`est Si Bon makes a comeback in 48 years
“It’s an era where people can live for 100 years. Lots of days are ahead of me. I decided to perform again on the stage for the dream that I had to sacrifice to support my family,” said Lee Ik-gyun, 68, one of the...
Texas ranks No. 1 in western division as Choo Shin-soo reemerges
The Texas Rangers, which Choo Shin-soo is affiliated, has risen to No. 1 in the American League western division of the Major League Baseball. In the second match of the four consecutive games against the Huston Astros...
China`s state media vocally criticize N. Korean nuclear threat
After North Korea suggested a plan to push ahead with its fourth nuclear test, China`s state-run new media criticized North Korea unusually quickly and in strong tones. Just five hours after the North said that all the...
S. Korean president to deliver speech at U.N. General Assembly on Sept. 28
Businessman-turned politician Malcolm Turnbull becomes Australia’s new prime minister
Korean major leaguers continue to thrive on
Real-name street vendor system to debut
Chosun Ilbo (http://english.chosun.com)
N. Korean Diplomats Cause Ruckus at Human Rights Seminar
North Korean diplomats stormed into a seminar on North Korean human rights in Jakarta on Wednesday held by South Korean and Indonesian activists. A North Korean Embassy official told participants that the rights abuse claims are "100-percent incorrect." >> Full Text
Elderly, Women Most Likely to Have Accidents in Parking Lots
Three out of 10 accidents in parking lots in Korea take place when drivers reverse their cars. The accident rate is especially high among the elderly and rookie drivers. Women had a 1.6 times higher accident rate than men. >> Full Text
Clear Weather as Leaves Begin to Turn
Clear autumn weather is forecast for this weekend, making it a perfect time for outings ahead of Chuseok or Korean Thanksgiving. On Saturday and Sunday, it will be cool in Seoul in the morning at 17 degrees Celsius but warm during the daytime, with temperatures reaching 27 to 28 degrees. >> Full Text
Kerry Warns N. Korea of 'Severe Consequences' Over Nukes
Children, Elderly Emerge as Smartphone Niche Market
Samsung to Market Budget Fashion Brand via Alibaba
Hankyoreh Shinmoon (http://english.hani.co.kr)
Government pushing measures to tighten control of the internet
Stricter rules could infringe on freedom of expression; government arguing new regulations are necessary
The current administration and ruling party have been making major efforts to put pressure on online spaces. The last few months have seen a spate of measures that could curtail online freedom of expression, including demands for “portal site reform” from the ruling Saenuri Party (NFP)...
Father of ruling party leader -- “voluntary, eager, and repeated” Japanese collaboration
On Sep. 17, the Center for Historical Truth and Justice released additional documents related to the controversy about the pro-Japanese activities of Kim Yong-ju, former chairman of South Jeolla Textiles and father of Saenuri Party (NFP) leader Kim Moo-sung.“As a result of reviewing the primary documents related to the question of whether Kim Yong-ju was a Japanese collaborator or a patriot, we have conclusively found that he was actively pro-Japanese and anti-Korean,” the Center for Historical Truth and Justice announced in a press conference that it held at its office in Dongdaemun District, Seoul, on Sep. 17. .
15,000 teachers sign statement decrying plans for single history textbook
In response to plans by the administration of President Park Geun-hye to issue a single Korean history textbook, around 15,000 teachers signed a statement that denounced this as an “attempt to revert to the Yushin period.” The backlash from different fields appears to be gathering momentum, with university professors releasing multiple statements opposing the plan and school superintendents from various cities and provinces urging the government to reconsider its plans to revise the school curriculum. .
Resource diplomacy investigation ends with two heads of three large companies going to trial
Prosecutors wrapped up a six-month-long investigation of natural resource development improprieties by referring two heads of three large public energy enterprises for trial. While the conclusion means some success in punishing the directors for indiscriminate investing that caused hundreds of millions of dollars in losses to the state, it also leaves prosecutors open to charges that the investigation only went halfway by failing to go after former administration heavyweights who were named as key figures in the “resource diplomacy” allegations. .
North Korea still describing rocket launch as exercise of sovereignty
After indicating several times on Sep. 14 and 15 that it could test a nuclear device or launch a long-range rocket, North Korea once again described this as an exercise of its sovereignty on Sep. 17.On Sep. 17, Uriminzokkiri, the website of North Korea’s Committee for the Peaceful Reunification of the Fatherland - an organization the North uses to communicate with South Korea
JoongAng Ilbo (conservative): (http://koreajoongangdaily.joinsmsn.com/)
North sanctions may not be enough: Kerry
Pyongyang’s threat to test missile, nuke gets attention of the world
The United States warned of measures beyond economic sanctions to stop North Korea’s nuclear brinkmanship, as the reclusive communist regime reaffirmed its intention to fire a missile and test an atomic weapon. U.S. Secretary of State John Kerry warned of increasingly “severe consequences’’…
Shin defends Lotte’s ways in grilling at assembly
Lotte Group Chairman Shin Dong-bin was grilled at a National Assembly audit on Thursday over a highly publicized family feud for control of the retail empire…
Jobless man held for strangling, burning woman
Police on Thursday arrested an unemployed man they believed kidnapped and killed a 35-year-old woman and then attempted to blow up the victim’s body inside her car…
FTC goes light on chaebol
One out of every four conglomerates appears to have avoided annual inspections of internal trading activities by the fair trade authority, according to findings by a lawmaker…
Lotte Hotel planning global growth
Lotte Hotels & Resorts is on the lookout for hotels in Europe and the United States to continue its global expansion, following its purchase of the New York Palace Hotel…
Card firms offer Chuseok discounts
Mr. Lee, a 40-year-old office worker, is meticulous when it comes to his finances. He normally focuses on his budget and does not overspend…
Maeil Kyungje (neutral-oriented conservative, economic/business): (http://news.mk.co.kr/english/)
Samsung Pay’s US debut nears
Samsung’s mobile payment system Samsung Pay is about to debut in the US after it successfully gathered 500,000 subscribers less than a month after its launch in Korea.. ...09.18 16:58
IOYS ready to beat rivals with faster 3D real figurine printing
IOYS, a South Korean 3D solution company, developed the technology that scans an object just in one second and creates a 3D printed replica of the object in two hours,.. ...09.18 16:54
China’s top 3 MBA schools to host sessions at WKF
Despite lingering concerns over the economic slowdown in China, many foreign companies remain enthusiastic about opening their business in the world’s second largest .. ...09.18 16:01
“Chicken-nomics” for all
For many retirees without sufficient savings, a quick resort is opening a fried chicken franchise. However, South Korean chicken franchises seem to be increasing at a.. ...09.18 14:40
Doosan Infracore begins reshuffling
Doosan Infracore Co. started restructuring its business through job cuts and business consolidation in response to shrinking demand and deteriorating earnings from the.. ...09.18 14:22
Hotel Lotte mulling taking over additional hotels worldwide
Hotel Lotte Co., hotel arm of South Korean conglomerate Lotte Group, plans to take over 33 more hotels in major cities around the world. “We currently operate 11 hot.. ...09.18 13:31
Samsung to pioneer mobile TV market with Galaxy View
As the clock ticks down toward the debut of the Galaxy View by Samsung Electronics, attention grows whether the mega tablet with an 18.4-inch screen could help restore.. ...09.17 18:32
Growth strategies released by top companies
The Korea K-TOP 30 IR Conference held at Korea Exchange’s Seoul office on Thursday was a venue for the country’s top companies to share their future growth strategie.. ...09.17 17:41
The Kyunghyang Shinmoon (http://english.khan.co.kr/)
Is This a Plan by the Pro-Park Members to Dominate the Party?
Despite Yoon's explanation, the political circle does not seem to see Yoon's statement as a sudden remark. Politicians claim that Yoon's words were a sig···
[Aftermath of the Tripartite Committee's Agreement] Ruling Party Tables Five Major Labor Acts, Intensifying Legislative Conflicts with the Opposition
On September 16, the Saenuri Party motioned the so-called "five major labor reform bills" including the Labor Standards Act, Employment Insurance Act, Indust···
[North Korea Hints of Nuclear Test] North Korea Mentions 'Nuclear Weapons' in Addition to 'Rocket,' Luring the U.S. to the Table
North Korea, currently preparing for the reunion of separated families following the August 25 agreement with South Korea, continues to hint at an armed demonst···
[Editorial] A Leftist Wind Is Blowing in U.S. and U.K. Elections for a Reason
Left-wing politicians are increasingly gaining support in U.S. and U.K. politics. According to a survey of the state of Idaho released by CBS and YouGov on Sept···
[North-South Korea, After the August 25 Agreement] NK Hints at Launch of Long-Range Rocket
North Korea hinted that it would launch a long-range rocket in time for the seventieth anniversary of the founding of the Workers' Party of Korea on October 10···
The Korea Economic Daily (http://english.hankyung.com/)
Samsung C&T to Partner with Alibaba in Online Fashion Business
Samsung C&T’s fashion division (formerly of Cheil Industries) announced on September 17 that it signed a memorandum with China’s Alibaba Group to promote cooperation in e-commerce. Alibaba Group runs the world’s largest online shopping mall. Samsung C&T plans to promote its partnership with Aliba...
Seadrill Cancels Hyundai Rig Contract Ten Days before Delivery
Seadrill, a Norwegian oil drilling company, announced on September 15 that it canceled a contract with Hyundai Samho Heavy Industries for the construction of a semi-submersible oil drilling rig, saying that the shipyard failed to meet the delivery deadline. Seadrill had ordered the sixth-generation...
NPF Investment Office Opens Office in Singapore
The National Pension Fund Investment Office has opened an office in Singapore on September 17, following offices in New York 2011 and London in 2012. This is a move intended to expand into markets in Southeast Asia and Australia from the Americas and Europe. The Singaporean office will focus its eff...
Samsung SDI and LG Chem Each to Supply EV Batteries to Bentley and Nissan
Korea’s major electric vehicle battery markers are winning a string of supply orders from Europe. According to industry sources on September 16, Samsung SDI will supply its electric vehicle batteries to Bentley’s first plug-in hybrid electric vehicles. Bentley is a luxury brand unit of Volkswagen....
Dongwon Systems Acquires 2 Vietnamese Packaging Firms
Dongwon Systems, a packaging unit of Dongwon Group, said on September 17 that it signed agreements with Tan Tien Plastic Packaging and Minh Viet Packaging, both Vietnamese packaging firms, to acquire controlling stakes at the total cost of US$96 million. Tan Tien is the largest packaging company in ...
AJU Business Daily (http://eng.ajunews.com/korea)
Actor Kim Ji-seok spotted at Jeep shop
South Korean actor Kim Ji-seok takes a look at a jacket at a Jeep shop in a Lotte Department Store in Yeongdungpo-gu, Seoul, Thursday. He plays a school teacher in KBS2's new Monday-Tuesday series…
Lotte chairman says feud over group control settled
Lotte Group Chairman Shin Dong-bin, wearing a Lotte badge on his jacket, smiles during a parliamentary audit of the Fair Trade Commission at the National Assembly in Yeouido, Seoul, Thursday. He said …
Actor Song Kang-ho plays King Yeongjo in historical film 'The Throne'
South Korean actor Song Kang-ho, who plays King Yeongjo (1694-1776) of Korea's Joseon Kingdom in historical film "The Throne," poses for a photo prior to an interview with The Aju Business Daily n…
'Discover Korea's Delicious Secret'
A contestant makes a meal during a hansik, or traditional Korean food contest held at the aT Center in Yangjae-dong, southern Seoul, Wednesday. The event, titled "Discover Korea's Delicious Secret…
Time to celebrate harvest time of year
Women and children make songpyeon, traditional Korean half-moon-shaped rice cakes that are stuffed with sweet fillings, at an event to share the special food with neighbors at the Seongsu Social Welfa…
Bazaar to help underprivileged children held
A bazaar organized by kitchenware pioneer Tefal to help underprivileged children gets underway in Mugyo-dong, central Seoul, Thursday. All proceeds from the event will be donated to the Green Umbrella…
Samsung’s Medical Equipment Is Being Supplied To The U.S.’s Biggest GPO
Samsung¡?s medical equipment is going to be supplied to the U.S.¡?s biggest GPO (Group Purchasing organization). Because more than 95% of medical orga...
Seoul Semiconductor Releases Advanced LED ‘Wicop2’ Without Packaging Process
Seoul Semiconductor overcame limitation in previous chip scale package (CSP) technology and released new LED product that has same chip and package sizes. This is its s...
KAIST Research Team Develops Glasses-Type Augmented Reality Platform
¡®Glasses-Type Augmented Reality Platform¡? that supports remote cooperation work by using an avatar¡?s hand is developed. Research team led by...
Read the full story
Auction For 2.1 GHz Frequency Emerges As ‘Hot Potato’…”Needs To Be Auctioned By The Rule vs. Reallocation Is More Efficient”
Method to auction 2.1 GHz frequency bandwidth emerged as an issue for industry. It is an issue because a possibility was brought up that 80 MHz range out of 100 MHz ban...
Pharming Method That Steals Personal Information By Disguising Itself As Bookmarks Makes Appearance
Pharming method that extorts personal information by abusing ¡®Bookmark¡?, where one saves websites that he or she usually visits, makes appearance. AhnLab...
Read the full story
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