Oct. 30, 2015
The Korean daily media headlines and humor
Friday, Oct. 30, 2015
Your Excellency:
Here areThe Korea Post notice, 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.
The Korea Post Notices:
The Tour of Pohang for the Excellencies is Thursday 12 November
Has Your Excellency made reservation for the Tour of the Pohang City, a Cruise Boat Ride around the Coast as well as the Handong Global University? The Mayor of the Pohang City will attend the luncheon and representatives of POSCO and a number of other important organizations in Pohang.
Pohang City (http://eng.ipohang.org/site/eng/),
A Cruise Ride (http://www.pohangcruise.kr/)
POSCO (http://www.posco.co.kr/homepage/docs/eng5/jsp/s91a0000001i.jsp),
Handong Global University: (/news/view.html?smode=&skey=Handong&x=19&y=13§ion=162&category=184&no=947),
For reservation, please contact: Ms. Kim at 010-3388-1682 (Korean), David Chung at 010-3381-1101 (English), Bobbie Kim at 010-9100-9112 (English), or Chairman Lee at 010-5201-1740. Regular phones: 2298-1740/2, 1745/6. Fax 2298-9506.
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Special notice to the Commercial Counsellors/Officers at the Embassies
The Korea Post, established 30 years ago in 1985, operates five news media outlets, two in the Korean language and three in English. They are all at your service. You can email all your English and Korean press releases and feedback for free publication to edt@koreapost.com or korpost@chol.com. The five media outlets are:
(1) A Korean print newspaper (http://www.koreapost.co.kr/pdf/list.php),
(2) A Korean Internet (http://www.koreapost.co.kr/),
(3) An English Internet (/main/index.html),
(4) An English print monthly (http://koreapost.koreafree.co.kr/magazine/index.html?page=2), and
(5) An English e-daily (/rankup_module/rankup_notice/notice_detail.html?no=327)
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A round-up of the latest news published by the Korean media:
KBS (http://world.kbs.co.kr/english/news/)
Lockheed Martin: Seoul, Washington Discussing THAAD Deployment to Peninsula
Anchor: The governments of South Korea and the U.S. have consistently denied that they are holding talks on deploying Lockheed Martin's Terminal High-Altitude...
Industrial Output Grows 2.4% on Month in September
US Fighter Jets Intercept Russian Warplanes off Korean Peninsula
Vice Head of Prosecution Nominated for New Prosecutor General
Park Hopes to Resolve Sex Slavery Issue by Year-End
S. Korean, US Defense Chiefs to Hold Security Consultative Meeting
Land Ministry Selects Contractors, Venues for Pilot Drone Project
Quarterly Credit Card Transactions Hits Record High
Industrial Output Grows 2.4% on Month in September
Inter-Korean Football Friendly Held in Pyongyang
Labor Unions' Delegation Arrives in N. Korea for Football Event
Inter-Korean NGO Exchanges Pick up Following Family Reunions
Lockheed Martin: Seoul, Washington Discussing THAAD Deployment to Peninsula
Japanese Media: Seoul-Tokyo Sex Slavery Talks Unlikely to Go Smoothly
Kyodo: Trilateral Summit Likely to Call for Facing History Squarely
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Yonhap (http://english.yonhapnews.co.kr)
S. Korea, U.S. in talks about THAAD missile defense system: Lockheed Martin official
Both formal and informal discussions are underway between South Korea and the United States about the possible deployment of a THAAD missile defense battery to the South, a senior Lockheed Martin official said Thursday.
Parliamentary subcommittee passes KF-X budget for 2016.
A parliamentary subcommittee on Thursday approved a 67-billion-won (US$58.5 million) budget for a controversial fighter jet development program, said a ruling-party lawmaker.
Samsung Heavy faces cancellation of ship order upon delivery
Samsung Heavy Industries Co., a major South Korean shipbuilder, is facing cancellation of an order for a US$181 million drill ship that has already been built and is ready for delivery, the company said Thursday.
Sewol operator chief gets 7-year jail term
South Korea's Supreme Court said Thursday it has upheld a seven-year jail sentence for the head of the sunken ferry Sewol operator for involuntary manslaughter in the deaths of more than 300 people.
Chinese minister pays tribute to Korean War dead in N. Korea
A Chinese minister has paid his respects to both Chinese and North Korean soldiers who were killed during the 1950-53 Korean War during his visit to Pyongyang earlier this week, the Chinese embassy in Pyongyang said Thursday.
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The Korea Herald (http://www.koreaherald.com)
Samsung unveils W11.3tr share buyback as profit rebounds
Samsung Electronics on Thursday unveiled plans to boost investor dividends through an 11.3 trillion won ($10 billion) sh...
Creditors to pump W4.2tr into DSME
Creditors of Daewoo Shipbuilding & Marine Engineering Co. will pour 4.2 trillion won ($3.68 bil...
Ruling party links state textbook opponents to North Korea
With South Korea plunging deeper into the dispute over state-controlled history lessons, the ru...
Smartphones may ruin your eyes
South Korea is one of the world’s most connected countries, with more than 80 percent of the p...
Ryan: Conservative honing in on White House
The presumptive next speaker of the U.S. House of Representatives, Paul Ryan, is a on...
Families held hostage
A major disruption of child care services was averted Wednesday, but families of some 775,00...
Time for decisiveness
U.S. guided-missile destroyer USS Lassen sailed within 12 nautical miles of at least one of ...
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The Korea Times (http://www.koreatimes.co.kr)
Samsung bolstering steps to boost shareholder value
Samsung Electronics announced the firm’s largest-ever share buyback plan and other steps to beef up value for shareholders, Thursday. It plans to repurchase 11.3 trillion won ($9.87 billion) worth of its own shares and write the...
Bears take Korean Series lead over Lions
The Doosan Bears got past the Samsung Lions 5-1 at home to take a 2-1 Korean Series lead on Thursd...
Lotte to take over Samsung's chemical units
Lotte Group has agreed with Samsung Group to purchase the latter’s chemical affiliates and a chemi...
31 students contract unknown disease
Thirty-one Konkuk University students have contracted an unknown disease with pneumonia-like symptoms, health authorities said Thursday.
Creditors to extend W4.2 tril. to Daewoo Shipbuilding
Creditor banks of Daewoo Shipbuilding & Marine Engineering (DSME) will inject 4.2 trillion won ($3...
Winners of 11th English Economic Essay Contest
The Korea Times is pleased to announce the winners of the 11th English Essay Contest for universit...
Gov't vows to wipe out defense corruption
The government plans to introduce a defense project supervisor next year as part of measures to ro...
Why 'I.Seoul.U' over 'Hi Seoul'?
Seoul’s new slogan, “I.SEOUL.U,” is drawing negative reactions from both citizens and expatriates.
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DongAIlbo (http://english.donga.com)
Government postpones declaring official end to MERS outbreaks
The government has decided to postpone declaring "official end" to MERS outbreaks that was previously expected. “When considering all different opinions of the World Health Organization, domestic and foreign experts,...
Ruling party leader: `It`s saddening to see my father is decried as pro-Japanese`
“My father has been decried as pro-Japanese by the left-wing. As a son, I feel terrible as it would have never happened if I was not a lawmaker,” Saenuri Party Chairman Kim Moo-sung said on Thursday when he visited...
Research team finds a way to mass produce Dutch coffee
Dutch coffee is made by dripping cold or hot water and brewing the coffee for a long time, thus the nickname `coffee tears’. Normally 12 hours is needed to get one liter, but since the time differs depending on the size...
Rage against US cop who slammed black girl in class
A white police officer used excessive force on a black high school student while asking her to leave the classroom, sparking a debate on racism. American media including the New York Times reported the case on Tuesday...
Park to hold her first summit with Abe on Nov. 2
President Park Geun-hye will meet with Japanese Prime Minister Shinzo Abe in Seoul early next week in the first bilateral summit between the leaders of the two neighbors since May 2012, when the then South Korean...
Under-17 World Cup: Third-ranked team in a group has never won a championship
Belgium, Korea`s opponent in a round of 16, ranked third in Group D but still made it to the match as a wild card. In the history of the FIFA Under-17 World Cup, how many times has a third-ranked team in a group beat a...
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ChosunIlbo (http://english.chosun.com)
10 More Catch Mystery Infection at Konkuk University
Ten more graduate students have come down with a mysterious pneumonia attack at Konkuk University's Seoul campus on Thursday, bringing the total to 31. Twenty-one people were diagnosed with the same symptoms earlier. >> Full Text
Building Height Limited to 35 Floors Along Han River
New high-rise apartments taller than 35 floors will be banned along the Han River in Seoul. The Seoul Metropolitan Government announced the height limit in a management plan for the river area on Thursday. >> Full Text
How Renault Samsung Bucked the Slump
Korea's second-smallest automaker Renault Samsung bucked a production slump that bedeviled the industry and led the recovery. The other carmakers -- Hyundai-Kia, GM Korea and Ssangyong -- all saw their accumulated production volume until September this year drop compared to last year. >> Full Text
Lotte Donates W10 Billion for Young Jobseekers
Park, Abe to Meet One-on-One Next Week
More People Turn to Cycling and Camping This Fall
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HankyorehShinmoon (http://english.hani.co.kr)
Asia Future Forum asks, “What is the purpose of economic growth?”
At Hankyoreh-sponsored forum in Seoul, experts call for a framework broader than the growth-focused Washington Consensus
“What is the purpose of economic growth? How does it relate to happiness? It’s time for us to start asking these questions.”This was the message delivered at the 2015 Asia Future Forum by Robert Skidelsky, a professor emeritus at Britain’s Warwick University who has earned world renown carrying on in the footsteps of the great economist John Maynard Keynes.
Almost 400 professors sign statement opposing state history textbooks
Around 380 Seoul National University professors signed a recent statement opposing state issuance of history textbooks.The statement, which was released on Oct. 28, included signatures from 372 professors at 23 universities, representing not only the humanities, social sciences, and education but also engineering, medicine, and agriculture and life sciences. Also on the list were ten professors emeriti, including former National Institute of Korean History directors Lee Tae-jin and Jung Ok-ja and inaugural Northeast Asian History Foundation chairperson Kim Yong-duk. .
[Analysis] Upcoming S. Korea-Japan summit…any progress?
For President Park Geun-hye, the summit with Japanese Prime Minister Shinzo Abe on Nov. 2 must feel a little like eating crow. With Abe showing no signs of yielding on the issue of the so-called comfort women, who served as sex slaves for the imperial Japanese army - the most divisive issue in South Korea’s relations with Japan - Park finds herself with no choice but to hold a summit. .
Will Seoul leave its upcoming summit with Tokyo empty-handed?
New documentary about a former comfort woman’s “Last Tear”Former Japanese PM says Tokyo should continue with apologies until victims say “enough” S. Korea, China and Japan to hold first trilateral summit in 3.5 years
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JoongAngIlbo(conservative): (http://koreajoongangdaily.joinsmsn.com/)
Pipeline is promised to most parched province
K-Water, the state-backed agency for comprehensive water resource development, launched a 62.5 billion won ($54.6 million) irrigation project in drought-ridden South Chungcheong on Thursday. A 21-kilometer (13-mile) pipeline linking the Geum River and Boryeong Dam will provide 64 percent of what the dam used to provide to eight cities and counties in the province…
Mystery malady sickens 31 campus researchers
A mysterious illness has spread through Konkuk University in Gwangjin District, southeastern Seoul, sickening 31 researchers.…
Samsung to buy back 11 trillion won of its own shares
Samsung Electronics announced on Thursday that it would buy back and cancel 11.3 trillion won ($9.9 billion) worth of shares using part of its 56.8 trillion won…
Wealth inequality hits a high
The richest men and women in Korea hold a much larger portion of the nation’s total wealth than the poor, according to a study released Thursday…
SKT shows a 5G future at its center in Bundang
From a “Minority Report”-inspired multi-touch conference table to games backed by virtual and augmented reality technology, SK Telecom’s new research center…
Botched contracts have DAPA facing immense losses
Korea’s main military procurement office is about to lose millions of dollars by terminating contracts with American defense companies without proper legal measures…
Incheon bolsters its anti-smoking regulations
Incheon has tightened its controls on smoking, spurred by the release of a report by the Gyeongin Regional Statistics Office that confirmed…
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MaeilKyungje (neutral-oriented conservative, economic/business): (http://news.mk.co.kr/english/)
Daewoo Shipbuilding to reduce reliance on offshore plants
Daewoo Shipbuilding & Marine Engineering Co. (DSME), South Korea’s second-largest shipbuilder, will reorganize its business ...
Samsung Electronics plans record capital expenditure of $23.6 billion
South Korea’s tech giant Samsung Electronics Co. will increase its capital expenditure to 27 trillion won ($23.6 billion) to invest ...
Payment hiccups from unfavorable contract terms further add to woes of Korean
Payment delays and setbacks in mass-scale offshore projects are adding to troubles and uncertainties at South Korean shipbuilders ...
Korea seeks to embrace sharing economy
The government will loosen regulations to allow Airbnb and Uber services currently illegal in Korea to be available to local ...
LG Electronics releases Q3 earnings report
LG Electronics Inc.’ mobile communications business has swung to losses in the third quarter, the first operating loss in six ...
Korea’s TG Computer sets example in corporate restructuring
South Korea’s computer maker TG Computer Inc. poses as a good study case for local debt-ridden and loss-making companies to follow ...
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The KyunghyangShinmoon(http://english.khan.co.kr/)
Seeking to Restore Relations at the First Summit in 3 Years: May End up Empty Handed Due to Differences on Comfort Women Issue
President Park Geun-hye and Japanese Prime Minister Shinzo Abe have agreed to attend a summit on November 2 for the first time since they both took office. Expe···
Cheong Wa Dae Concerned of Suffering Damages from Conflicts between the U.S. and China
Cheong Wa Dae and the South Korean government find themselves in a difficult situation concerning the South China Sea issue. So far, Cheong Wa Dae had manage···
President Park Declares a History Textbook War on the People
On October 27, President Park Geun-hye said, "Restoring history education to a normal state is a natural task and a mission of our generation," in her speech ···
Former Lawmaker Lee Sang-deuk, Brother of Former President, Stands in Court Again
The prosecutors decided to indict former Saenuri Party lawmaker Lee Sang-deuk (80, photo), after determining Lee to be at the center of alleged irregularities a···
The Government and the Ruling Party Claim 'All Things Point to the Labor Union,' Government Suffering from 'Blame-the-Labor-Union Syndrome'
The government's "blame-the-labor-union syndrome" is getting serious. Recently, more and more government explanations for the slow-growing South Korean econo···
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The Korea Economic Daily(http://english.hankyung.com/)
Lotte to Acquire 3 Chemical Units of Samsung Group
Lotte Chemical will acquire the remaining chemical affiliates of Samsung Group including the chemical unit of Samsung SDI, Samsung Fine Chemical, and Samsung BP Chemicals at the cost of 3 trillion won (US$2.63 billion). With this transaction, Lotte Group will be able to nurture the chemical units as...
Petrochem Industry Keen on Watching Development of Lotte-Samsung Big Deal
The petrochemical industry is keenly interested in knowing whether today's "big deal" between Samsung and Lotte would serve as a signal for the government-initiated industry restructuring program. Minister of Trade, Industry, and Energy Yoon Sang-jick said recently, "Unless the petrochemical industr...
Samsung Group Moves Nimbly to Restructure Underperforming Sectors
Samsung Group has begun its restructuring effort since 2013 with a focus on strengthening core businesses like electronics and financial services while walking away from other business areas. Chemical was one of such businesses. The chemical units of Samsung Group were relatively small and in no way...
China Abolishes One-child Policy in 35 Years
What attracted the attention of observers of the fifth Plenary Session of the 18th Central Committee of the Chinese Communist Party most was whether and how much Chinese top leaders would adjust the nation's economic growth rate target for the next five years. In relation to this issue, Bloomberg re...
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AJU Business Daily(http://eng.ajunews.com/korea)
Actress Lee Young-ae appointed as special envoy for UNESCO Korean Commission
Actress Lee Young-ae has been appointed as a special envoy for the UNESCO Korean Commission. The commission made the appointment Tuesday, saying that that the 44-year-old has taken the lead in maki…
Mercury drops to lowest level of season
Pedestrians bundle up against falling temperatures during the morning commuting hours at Gwanghwamun Intersection in central Seoul, Wednesday. The mercury dropped to the lowest level of the season, wi…
Fallen leaves after rainfall
A pedestrian walks on the street covered with fallen leaves in Jeong-dong, central Seoul, after a rainfall on Tuesday. In recent weeks, temperatures between day and night have ranged by as much as 10 …
Job fair for young people held
Young people look for job opportunity from a bulletin board during a job fair held at the Korea Job World in Seongnam, Gyeonggi Province, South Korea, Monday. More than 100 businesses, including major…
Agricultural products for underprivileged people
Staffers from NH Financial Group pack ?boxes with agricultural products for the underprivileged, including senior citizens who live alone and disabled people, at the auditorium of the NH headquarters …
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ETNEWS(http://english.etnews.com/)
Semiconductor Greatly Helps Samsung Electronics’ Performance in 3rd Qua...
Samsung Electronics had made greatest results in semiconductor department¡?s history, and exchange rate that is worth about $700 million (800 billion KRW) had h...
Read the full story
I Love the Fact That South Korea Is Very Passionate
With 300 South Korean and foreign CEOs and people related from startup companies in attendance, Chairman Eric Schmidt of Alphabet, which is Google¡?s hold...
Read the full story
LG Electronics and Yonsei University Demonstrate World’s First Multi-...
LG Electronics and Yonsei University had applied 2 x 2 multi-antennas (2 transmitter and 2 receiver antennas) technologies to their multi-antennas-based full-duplex commu...
Read the full story
SID Discusses about Revising Measurement Standard of TV’s Resolutions
Society for Informational Display (SID) has started discussing about revising international measuring standards for display resolution, and it seems that a controversy on 4K with ¡®RGBW¡? method that Samsung and LG have been sharply opposing each other on will take place. According to industries, SID under a direction from Chairman Joe Missouri rec...
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