Nov. 25, 2015

The Korean daily media headlines and humor

Wednesday, Nov. 25, 2015

Your Excellency:

Here areThe Korea Post notice and a roundup of important headlines from all major Korean-language dailies, TV and other news media of Korea 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.

A round-up of the latest news published by the Korean media:

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

Pres. Kim's Funeral Committee Reflection of Unity, Harmony

Anchor: The funeral committee for former President Kim Young-sam will represent unity and harmony in South Korea....

Officials Acquitted of Destroying Inter-Korean Summit Transcript

Local Institute Expects Exports to Grow 2.1% in 2016

USFK Commander Defends Korea's Sovereignty Regarding Japan's Military

KF-X Project Hits Another Snag

Top N. Korean Official Receiving Punitive Training at Collective Farm

Local Institute Expects Exports to Grow 2.1% in 2016

S. Korean Gold Trade Hits New High

Size of Shadow Banking Reaches $640 Billion in S. Korea

Two Koreas Exchange Lists of Delegates for Inter-Korean Talks

Senior Unification Ministry Official to Represent Seoul in Inter-Korean Talks

Two Koreas to Meet at Truce Village to Arrange Cross-Border Talks

Mourners Overseas Pay Respects to Late Kim

Japanese Police Investigate Explosion at Yasukuni Shrine

BBC, Le Parisien Report Death of Pro-Democracy Icon

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

S. Korea's last-remaining MERS patient dies

South Korea's last-remaining Middle East Respiratory Syndrome (MERS) patient died Wednesday, five and a half months after being diagnosed with the viral respiratory disease, health authorities said.

Budget handset sales sharply up amid regulations on discounts

Sales of budget handsets in South Korea are continuing to gain popularity, data showed Wednesday, as consumers seek cheaper options following the government's regulations on discounts for high-end models.

Pentagon: Trilateral information sharing deal with Korea, Japan being implemented

The United States has been implementing a trilateral military intelligence sharing agreement with South Korea and Japan, the Pentagon said Tuesday.

N. Korean special economic zones have 'long way to go': U.S. experts

North Korean leader Kim Jong-un has established dozens of special economic zones in an effort to help rebuild the country's economy, but strained ties with the outside world and other problems are hampering such projects, U.S. experts said Tuesday.

Senior adviser to Kerry pays respects to late ex-President Kim

The senior adviser to U.S. Secretary of State John Kerry paid her respects to the late former South Korean President Kim Young-sam on Tuesday, crediting him for helping bring democracy and a peaceful transfer of power to the country.

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

Park calls for passage of anti-terrorism bills

President Park Geun-hye on Tuesday urged the swift passage of pending counterterrorism bills, highlighting South Korea i...

Late Ex-President Kim Young-sam’s relations with tycoons

The death of former President Kim Young-sam (1927-2015) evoked memories of Korea’s rapid indus...

Brussels extends terror alert as U.S. issues travel warning

Brussels will stay at the highest security threat level for another week over fears of an immin...

200 professors to be indicted over brazen copyright breach

Prosecutors said Tuesday they would charge 200 professors for copyright violations next month, ...

Bright future on LPGA Tour

Lydia Ko had just been handed a $1 million bonus for the second consecutive year,...

Tour bus traffic

Driving through areas in Seoul that are popular with tourists can test one’s patience. Tour...

President’s whereabouts

The special committee charged with investigating the Sewol ferry disaster that claimed more ...

Vietnam emerging as key economic partner for Korea

Time is running short for the parliamentary ratification of the Korea-China free trade agreemen...

Stone statues enshrine Korean folk beliefs

Stone sculptures had a significant impact on the ordinary lives of people in Korea as symbols o...

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

Last MERS patient dies

The last patient in Korea suffering from Middle East Respiratory Disease (MERS) died of complications, early Wednesday.

US delays tech transfer for KF-X 

A transfer of 21 technologies used in the F-35 stealth fighter from the U.S. government to Korea will likely be put off until next year, dealing a further blo... 

Citizens mourn late President Kim Young-sam

Tens of thousands of citizens have visited memorial altars set up nationwide for former President ...

Accounting rules on foreign banks to be relaxed 

Beginning next year, foreign banks operating in Seoul will not have to get approval from the nation’s financial regulator for their financial statements. 

KDB forms biz alliance with DBS 

SINGAPORE - The Korea Development Bank (KDB) formed a business alliance with The Development Bank ...

Ex-JCS head questioned over bribery allegations 

Retired Adm. Choi Yoon-hee, the former chairman of the Joint Chiefs of Staff, was questioned Tuesd...

UN chief confirms NK visit plan 

United Nations (U.N.) Secretary-General Ban Ki-moon said Monday that his office is in talks with North Korea to organize a trip to the isolated state in the n...

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DongAIlbo (http://english.donga.com)

U.S. refusal on fighter jet technology transfer might signal cracks in alliance with S. Korea

The United States has delayed the planned transfer of 21 aviation technologies specified in the contract for South Korea`s purchase of U.S. fighter jets, after refusing to transfer four core technologies essential to... 

NC Dinos slugger Eric Thames wins MVP in Korean baseball

Eric Thames (29), currently with the NC Dinosaurs in the Korean pro baseball, made the list of candidates for winner of the player of the year award, which is presented to Double A players of the U.S. Major League...

U.S. issues travel warning amid terrorist threats

The U.S. State Department has issued a travel warning on American people for the first time since the Paris mayhem on Nov. 13. The U.S. Department of State posted news about a travel warning on its website that...

UN chief Ban Ki-moon hopes to visit N. Korea soon

UN Secretary-General Ban Ki-moon says on Monday that he is still adjusting the schedule to visit North Korea, but the date is not set yet. He says that he is looking to visit as soon as he could. He told the reporters...

Pianist Kim Sun-wook releases Beethoven sonata album

Pianist Kim Sun-wook (27) released his first solo album through Accentus, a German label, which includes two Beethoven piano sonatas, Op.53 Waldstein and Op.106 Hammerklavier. The album was recorded at a church in...

U.S. special forces to arrive in Syria to root out ISIS

U.S. Special Forces are arriving in Syria soon to join the international war against the Islamic State. U.S. Deputy Assistant Secretary of State for Iraq and Iran in the Bureau of Near Eastern Affairs Brett McGurk said...

Park In-bee sets to enter into the Hall of Fame 

Ex-President Kim Young-sam dies; Park conveys ‘deepest condolences’

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ChosunIlbo (http://english.chosun.com)

U.S. to Bar Export of More Tech for Fighter Project

The U.S. is expected to bar the transfer of more technologies that would allow Korea to develop its own fighter jet, according to a source Tuesday. Washington already barred the transfer of four key technologies with a fighter jet from Lockheed Martin. >> Full Text

UN Chief 'Fine-Tuning' Dates of N.Korea Visit

UN Secretary-General Ban Ki-moon on Monday said he has received a "positive signal" from North Korea about a visit in the near future and is fine-tuning the dates. Ban also told reporters he is making efforts to visit the North as soon as possible. >> Full Text

Company Earnings Shrink, Household Debt Soars

Korean companies' earnings have been shrinking for two years running due to the global economic slump while household debt has been rising rapidly. The Bank of Korea said household debt stood at a record W1,167 trillion as of end September. >> Full Text

N.Korea Honors Brass Behind DMZ Box Mine Attack

Int'l Alliance to Spread Awareness of Sex Slavery

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HankyorehShinmoon (http://english.hani.co.kr)

Graffiti artists paint Seoul with subversion in the darkness of night

Artists use their own provocative images to rail against heavy-handed government policies

On Nov. 21, Kim was back on the street leaving another image on the urban canvas.A and his colleague B were at the mostly deserted Exit 5 of the Hongik University subway station at 11:30 that night, wearing masks and black hoodies to cover their heads. Their form of art, which uses graffiti to voice socially critical messages, is not welcomed, and Kim and Lee had to work in secrecy to avoid being caught by police.

Report: technology gap narrowing between S. Korea and China

The technology gap between South Korean and Chinese manufacturers has been rapidly narrowing over the past few years, and Chinese companies are in hot pursuit in the field of information and communications technology (ICT), a recent survey shows. .

Samsung Electronics share prices sliding despite buybacks

Samsung Electronics share prices are sliding even after the company announced plans to buy back and retire 11.3 trillion won (US$9.7 billion) of its own stock to boost its value.Shares for Samsung Electronics closed at 1,282,000 won (US$1,105.80) on Nov. 28, down 43,000 won (US$37.10) from the 1,325,000 won (U$1,142.90) registered at closing on the day of the repurchase announcement on Oct. 29. .

North Korea still muted on death of former president

As of Nov. 23, two days after the death of former South Korean President Kim Young-sam, the RodongSinmun and other North Korean media had yet to report it.This contrasts with what happened after the deaths of former South Korean presidents Kim Dae-jung and Roh Moo-hyun in 2009. On Aug. 19, 2009, the day after Kim’s death, all the North Korean media covered the story.“

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JoongAngIlbo(conservative): (http://koreajoongangdaily.joinsmsn.com/)

Household debt rises at fastest rate on record

Korea’s household debt and credit card spending not only reached a new high in the third quarter but also grew at the fastest pace since data has been compiled due to a percolating real estate market and the government’s encouragement of consumer spending to help the economy …

Park lashes out at Seoul protests

President Park Geun-hye said people should not be allowed to wear face masks to conceal their identities during street protests…

Genesis pre-orders in high gear

Hyundai Motor’s EQ900, the first car to be rolled out under the company’s new luxe brand Genesis next month, looks to be steering in the right direction. …

Lotus aims to blossom in Korea with changes

The famous British boutique sports car brand Lotus is revamping its marketing strategy in Korea as it rolls out the new …

KT showcases new tech to handle emergencies

Stranded and injured in a remote corner of the country, a man waves his hands at an empty sky, desperate for someone to see him and send help. …

Samsung rolls out first affordable VR headset

Samsung Electronics is making the purchase of a virtual reality headset more affordable for the average consumer…

Telecom firms keep quiet about required deals

One of the best deals available for mobile phone users is also among the least known. Consumers can get 20 percent off their mobile phone bill every month…

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

Hyundai Motor tests self-driving Genesis in southern Seoul

A black Genesis sedan started out in a high school in southern Seoul and drove past other cars to end its 3-kilometer (1.86 mile) ...

G Uplus showcases GiGa LTE service

South Korea’s mobile carrier LG Uplus Corp. demonstrated its GiGA long term evolution (LTE) technology that offers up to 1.2 Gbps ...

Hanmi Pharmaceutical signs out-licensing deal with ZAI Lab

South Korea’s leading drug maker Hanm0i Pharmaceutical Co. announced Monday that it signed an out-licensing agreement worth 100 ...

Samsung Group mulls rationalization in overseas operation and staff

South Korea’s largest conglomerate Samsung Group, which has been carrying out sweeping restructuring through cuts in affiliates and ...

Cold Stone Creamery withdraw from Korea

Cold Stone Creamery, a U.S. ice cream chain, closed its business in South Korea because of plunging sales, said CJ Foodville Co., ...

Greatest business leader in digital era is Elon Musk: Don Tapscott

The real innovator of the digital era is Tesla Motors CEO Elon Musk, not Steve Jobs of Apple, says Don Tapscott, the world’s ...

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The KyunghyangShinmoon(http://english.khan.co.kr/)

Kim Moo-sung Is Not Qualified to Be the 'Political Son' of Pro-Democracy Fighter YS

Reportedly, Saenuri Party leader Kim Moo-sung has been paying his respects to former President Kim Young-sam since he died. Kim referred to himself as the "pol···

Special Sewol Committee Questions the 'Adequacy' of Cheong WaDae's Response

On November 23, the Special Committee for the Investigation of the April 16 Sewol Disaster decided to investigate the "adequacy" of Cheong WaDae's re···

Former President Kim Young-Sam Dies

Former President Kim Young-sam died at the age of 88 on November 22. The former president died of blood infection and acute heart failure in the Seoul Nation···

More than 2,500 Police Officers Raid the Korea Confederation of Trade Unions for the First Time over the Weekend: Why?

On November 21, the police conducted a search and seizure of twelve offices of eight organizations of the Korea Confederation of Trade Unions (KCTU) and the Kor···

[Government Against Terrorism] Ruling Party Takes Advantage of Anti-Terrorist Movement to Create a New 'Authoritarian' Administration

The government and ruling party have revealed their intentions to create a new "authoritarian" state in the wake of the multiple terrorist attacks in P···

Professor Lee Myung-hee, an Advocate of the State Authorized Textbooks, Applies for EBS President

Lee Myung-hee (photo), a professor of history education at Kongju National University, and also the author of the Korean history textbook published by Kyohak Pu···

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

3Q Household Debt Balance Approaches 1,200 Tril. Won...

The balance of household debt has increased by more than 100 trillion won in one year to almost 1,200 trillion won. Amid a favorable economic situation thanks to record-low interest rates and a booming real estate market, the nation's household sector is now ranked No. 1 in the world's emerging econ...

Korean Parents Get away from Dishonor of the World's Highest Payers of Public Education Expense

Korean parents have finally escaped a disgrace of shouldering the world's highest educational expense burden for their children for 14 years in a row. According to an annual report "Education at a Glance 2015" published by the Organization for Economic Cooperation and Development on November 24, the...

Aggregate Sales Revenue of Korean Corporations Shrinks First Time in 9 Years

Last year's aggregate sales revenue of domestic companies has shrunk for the first time since the data were collected in 2006. This is mainly because of a large fall in sales of the manufacturing sector due to the slowdown in exports. According to a report "2014 Corporate Activity Survey (Preliminar...

NH Investment Passes 100 Bil. Won Mark in IB Profit, First in Industry

NH Investment & Securities’ investment banking profit passed the 100-billion-won mark this year, becoming the nation’s first securities firm to achieve more than 100-billion-won annual profit through investment banking business. This achievement is remarkable, considering that NH Investment &Secu...

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

Park warns terrorists may join street rallies to launch attacks

[Courtesy of Cheongwadae(the Korean presidential residence)] President Park Geun-hye has warned terrorists may take advantage of anti-government street rallies to carry out attacks in South Kor…

Two pilots killed in Apache crash in Korea

Crash site of U.S Army Apache helicopter [Courtesy of Gangwon-do Fire Department] Two pilots were killed in a U.S. Army Apache helicopter crash in South Korea, Monday. Officials said. The …

Ban discussing dates for North Korea Visit

Ban Ki-moon is in discussion with North Korea to decide the visiting dates. [AJU NEWS DB] U.N. Secretary-General Ban Ki-moon has said he was discussing with North Korea the dates for his vi…

Imported beer regulation not decided yet

[AJU NEWS DB] There were rumors that the government will start regulating the prices of imported beers recently, which brought consumer’s angry reactions. The government explained that whethe…

FNC Entertainment gets $290 million investment from Chinese group

Members of FNC Entertainment [Courtesy of FNC Entertainment] FNC Entertainment, a Korean management company is to be invested U.S$ 290 million from a subsidiary of Chinese conglomerate Suning U…

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

Samsung Proposes to Change Standards for Measuring Resolution

LG Electronics and LG Display formed a team that is exclusively made to respond to a battle with Samsung that was created due to 4K UHD TV technology with RGBW sub...

Samsung Electronics Supplies Semiconductors for Vehicles to Audi

Samsung Electronics is joining hands with Audi and is supplying semiconductors for Audi vehicles. According To Samsung on the 24th, Samsung Electronics attended ¡&r...

Hyundai and Kia Develop Wearable Robot that Can Help People Who Ar...

Hyundai and Kia succeeded in developing a prototype of wearable robot that can assist people in walking and their goals are to commercialize it in 2020. Hyundai and Ki...

Samsung Electronics Spends $1.74 Billion in 3rd Quarter to Purchase LCD Panels

Samsung Electronics¡? Video Display (VD) Business Department is planning to take aggressive approach in expanding production of TVs as it faces peak season and New Year. Following its biggest purchase of LCD panels in 3rd quarter, it also increased production¡?s rate of operation to its highest ever. This is Samsung Electronics¡? gr...

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Special Notices:

Photo shows President Soon-Heung Chang of Handong Global University (fifth from left, front row) with ambassadors and other visiting members of the Seoul Diplomatic Corps (SDC), including Ambassador MmeNatalliaZhylevich of Belraus (dean of the visiting members of the SDC), fourth from left the same row With Ambassador and Mrs. SylvestreKouassi Bile of Cote d’ Ivoire (third and second from left, front row).

And Ambassador Roballo of Argentina (sixth from left, same row) and Ambassadors Mohamed Abdi Gello of Kenya (on the right of the rear row).

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Why not try to change the world?”

Ambassadors, senior diplomats visit Handong Global University in Pohang

Ambassadors NatalliaZhylevich of Belarus, Kouassi Bile of Cote d’Ivoire, Jorge Roballo of Argentina and Mohamed Abdi Gello of Kenya and 20 other senior diplomats, including the charges d’affaires, visited Handong Global University in Pohang City on the Southeast Coast of Korea on Nov. 12, 2015 at the invitation of President Soon-Heung Chang of the University.

The tour, organized by The Korea Post, included also a visit to POSCO and a cruise ride around the harbor of the Pohang City.

The Korea Post has been organizing tours for the ambassadors and other senior members of the Seoul Diplomatic Corps for the past 30 years, but it must be said that the one hosted by Handong Global University is one of the most impressive in terms of the interest on the part of the host who met the guests with a true heart and warm welcome.

President Soon-Heung Chang of the University made such an excellent arrangement out of respect and special regard for the distinguished international guests by asking his Vice President Simon Kang(Administrative Affairs) and Professor JinwonAhn (School of Management and Economics) to come all the way from Pohang to Seoul to welcome and escort the ambassadors and other senior diplomats to comfortably visit his University.

The tour of the Handong Global University was a truly memorable one where many outstanding features of the University continuously surprised the visiting ambassadors and the other senior diplomats. For further details, visit: /news/view.html?section=161&category=181&no=1119.

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