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The Korean daily media headlines and humorDec. 3, 2015

The Korean daily media headlines and humor

Thursday, Dec. 3, 2015

Your Excellency:

Here are The 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.

What’s new in the Seoul Diplomatic Corps?

President Park has summit with Czech President Zeman, ‘Visegrad Four’ PMs

President Park Geun-hye will attend the Summit with President of the Czech Republic Milos Zeman followed by Summit with Prime Ministers of “Visegrad Four” Countries in Prague on 2 and 3 December 2015.
This year Korea and the Czech Republic commemorate the 25th anniversary of establishment of the diplomatic relations between the two countries. To highlight the importance of common relations, Prime Minister of the Czech Republic Bohuslav Sobotka visited Korea in February 2015 and President Park Geun-hye is going to visit the Czech Republic in December. For further details, visit:

/news/view.html?section=165&category=192&no=1137

President Park Geun-hye of the Republic of Korea (left) and President Milos Zeman of the Czech Republic are scheduled to meet in Prague on Dec. 2-3, 2015.

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The United Arab Emirates hosts National Day luncheon reception

Ambassador Abdulla Khalfan Alromaithi of the United Arab Emirates (UAE) in Korea hosted a luncheon reception at Hotel Shilla in Seoul at noon on Dec. 2, 2015 to celebrate the National Day of his country.
An estimated total of over 1,000 Korean and international guests attended the gala reception from all walks of life as well as from the Seoul Diplomatic Corps (SDC) and other segments of society in Korea. Among the Korean guests in attendance were Vice Minister Bang Moon-kyu of Health and Welfare of the Korean government and representatives from various other public organizations including the business community. For further details, visit:

/news/view.html?section=165&category=191&no=1136

Ambassador Abdulla Khalfan Alromaithi of the UAE and Vice Minister Bang Moon-kyu of Health and Welfare of the Korean government (fourth and fifth from left, respectively) pose with the ambassadors of, from right, Algeria, Sierra Leon, Tunisia, Pakistan and Oman. At third from left is seen the Ambassador of Kuwait, Qatar, Saudi Arabia (Charge d’Affaires)

Ambassador Alromaithi and Vice Minister Bang (left and second from left, foreground) sample typical UAE meat food.

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

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

S. Korea, Czech Leaders Discuss Nuclear Energy Cooperation at Summit

South Korean President Park Geun-hye and Czech President Milos Zeman paved the road for the countries'...

Korean Economy Sees Highest Growth in 5 Years in Q3

38 North: N. Korea Excavating New Tunnel for Nuclear Testing

S. Korea, Czech Leaders Discuss Nuclear Energy Cooperation at Summit

S. Korea Joins International Aid Transparency Initiative

Park, Zeman Discuss Economic Cooperation

Korean Economy Sees Highest Growth in 5 Years in Q3

Rival Parties Pass Five Contentious Bills

Parliament Passes 386.4 Trillion Won Budget Proposal for 2016

38 North: N. Korea Excavating New Tunnel for Nuclear Testing

Gov't Recovering Special Loans from Companies Partaking in Inter-Korean Projects

Source: N. Korea's No. 2 in Command Unseen Due to Back Surgery Overseas

US Senator Calls for Tougher Sanctions on N. Korea

US Bill Calls for Temporary Moratorium on Refugee Admissions

Kyodo: Camera Shows S. Korean Man BeforeYasukuni Explosion

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

State pension's assets top 500 tln won for first time

South Korea's state pension service said Thursday that the size of funds under its management has surpassed the 500 trillion won (US$427 billion) mark for the first time ever.

Improved Pyongyang-Beijing ties to help resume six-way talks: Hua

China's "normal and stable" relations with North Korea will be conducive to a resolution to the nuclear issue and regional peace, a senior Chinese official said.

S. Korea, Czech Republic to boost nuclear energy cooperation

South Korea and the Czech Republic have held a consultative meeting on nuclear energy and signed a memorandum of understanding (MOU) calling for greater bilateral cooperation in the sector, the government said Thursday.

S. Korean economic growth hits 5-year high in Q3: BOK

The South Korean economy grew at the fastest rate in over five years in the third quarter, helped by a strong recovery in consumer spending and a boom in the construction industry, central bank data showed Thursday.

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

UK lawmakers vote to launch airstrikes on IS in Syria

British lawmakers voted by a wide margin Wednesday to join the international campaign of airstrikes against the Islamic ...

Assembly passes W386.4tr budget

The National Assembly on Wednesday passed next year’s budget of 386.4 trillion won ($342.3 bil...

Time to ditch ‘Made in Korea’ goal?

A state-run think tank has proposed shifting the focus of industrial policy to strengthening su...

U.S. promises ‘maximum possible’ KF-X help

Washington will provide the “maximum possible” support for Seoul’s initiative to develop fig...

New dad Zuckerberg vows to give away Faceboo...

Facebook cofounder Mark Zuckerberg announced Tuesday he is a dad and pledged to gi...

Korea-China FTA

President Park Geun-hye, now on a tour of Europe, must be happy to hear that the National As...

Energy policy 

Leaders and officials from more than 140 countries gathered in Paris to kick off historic ta...

Geography critical factor in U.S.-China rivalry’

This is the eighth installment in a series of interviews with scholars and experts on China as ...

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

Korean economic growth hits high in 5 years in Q3: BOK

The Korean economy grew at its fastest rate in five years in the third quarter, central bank data showed Thursday, helped by the bounce in consumer spending and the boom in the construction industry, the bank said. According to ...

Orion thrives in China through bold localization 

Orion, a Korean confectionary company, spent about 50 billion won ($42.7 million) on food-tasting promotional events at more than 4,000 Chinese supermarkets l...

Banks turn to migrant workers, expat professionals 

Domestic commercial banks, troubled by record-low interest rates and a rapid increase in the number of customers using Internet and mobile banking, are rackin...

Generational shift in chaebol raises hopes, concerns 

As the nation’s family-controlled conglomerates undertake year-end personnel reshuffles, three trends stand out - sharp downsizing, minimal promotions and gen...

IKEA's presence strengthens local competitors 

When IKEA opened its first shop in Gwangmyeong, Gyeonggi Province, on Dec. 18, 2014, Korean furniture makers were gripped by “IKEA-phobia.” A month later, the... 

Korean fathers shun longest paid paternity leave in OECD 

Korea guarantees the longest period of paid paternity leave among OECD member states, but few Kore... 

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

Japan`s foreign minister says resolution of comfort women issue unlikely this year

Japanese Foreign Minister Fumio Kishida said the resolution of the Japanese military`s comfort women issue will be unlikely within the year-end. At an interview with Nikkei reported Wednesday, Kishida spoke about... 

Noh Young-min resigns from committee chair position due to power abuse scandal

New Politics Alliance for Democracy (NPAD) representative Noh Young-min (photo) made an official apology on Wednesday for selling the book of poetry that he wrote to affiliated organizations. He had a credit card...

Park Byung-ho opts for Big League dream over salary

Baseball is too much of a sport to be a business and too much of a business to be a sport.” (Philip Wrigley) When a Major League team recruits a free agent, the factor that it most highly regarded is his "ticket...

Bartomeu Mari nominated as new director of National Museum of Contemporary Art

The New National Museum of Contemporary Art (NNMC), which was without a director for over one year, will have Bartomeu Mari (49, photo), former chairman of the International Committee for Museums and Collections of...

UFC Seoul: Kim Dong-hyun has sweeping victory

Kim Dong-hyun, (34, Team M.A.D., photo) the 7th ranked welterweight, has overwhelmed his opponent in the first UFC competition held in Korea. His strong desire for the championship title was evident. Kim defeated...

Paris terror attack suspect Salah Abdeslam believed to be Syria

Salah Abdeslam, the only one of the suspected Paris attackers known to have survived, is believed to have fled to Syria. CNN quoted Monday multiple sources at French intelligence authorities who said they think he`s...

Japanese company develops fiber for `wearable cosmetics` 

Donggyo, Sangdo factions agree to unite to mend conflict by inheriting spirit of YS-DJ 

IMF puts Chinese yuan in SDR currency basket

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

U.S. Denies Opposing Korea's Fighter Jet Project

The U.S. State Department on Tuesday denied that Washington opposes Korea's home-grown fighter jet project, despite a refusal to transfer key technologies that has thrown it in disarray. >> Full Text

Kim Jong-un Buys Armored Mercedes

North Korean leader Kim Jong-un has bought a new armored Mercedes-Benz. A source on Wednesday said the North bought the car from Germany in late October and had it shipped to Pyongyang. The source said the German carmaker spent several months customizing the car. >> Full Text

Heavy Snow Warning Issued Across the Country

Snow is falling in Seoul and other regions on Thursday and will continue to fall in regions south of Chungcheong provinces until Friday. Snow started to fall in the Seoul metropolitan area at dawn on Thursday and will spread to most parts of the country in the afternoon. >> Full Text

Samsung to Slim Down Top-Heavy Organization

Standard Chartered Bank to Lay Off Nearly 1,000 Staff

Cheap and Cheerful Brands Conquer Lingerie Market

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

S. Korea is no country for old farmers

Farmer injured in Seoul protest had been suffering with debt and falling income due to lower rice prices

He was not wearing a mask or a bandana. Since he had been baptized as Emmanuel in the Catholic Church, he obviously was not from the Islamic State (IS). But even so, he was knocked out by the blast of a police-wielded water cannon on Nov. 14. Two weeks later, he is still in a coma.Baek Nam-gi is a farmer who is nearly 70 years old. He had come all the way to Seoul, and I wondered what it was he had wanted to say.I visited his empty house in Boseong County, South Jeolla Province. There was no main gate or low stone wall around the house.

With naval base, can Jeju remain an “Island of World Peace”?

Residents of Jeju Island, which the South Korean government has designated “an island of peace,” are becoming more vocal about their concerns that the island is being transformed into a military outpost.On Dec. 1, a Catholic mass in support of life and peace and in opposition to the construction of Jeju Naval Base was held in front of the main entrance to the base in Gangjeong Village in the city of Seogwipo on the island. .

[Analysis] Will the Chinese yuan be a key currency on paper only?

China’s yuan is going into the International Monetary Fund’s special drawing rights (SDR) basket. This marks a major step for the currency as it joins the US dollar, euro, and Japanese yen as a global key currency. The question now is what impact its changing stature will have on the global economy. .

S. Korean fined for defying government travel ban to Syria

A court ruled to fine a company employee who traveled to Syria on business. The Middle Eastern country is currently the base for the military Islamist group Islamic State - perpetrators of a recent terror attack in Paris - and is subject to a travel ban by the South Korean government.

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

Shinhan launches the first e-bank

Shinhan Bank debuted the nation’s first electronic banking service on Tuesday, allowing consumers to open certain kinds of bank accounts without having to visit a brick-and-mortar branch. The launch was made possible after the Financial Services Commission (FSC) eased self-authentication regulations earlier this year…

National Assembly passes 2016 budget after deadline

The ruling and opposition parties passed early Thursday morning a 386.4 trillion won ($331.4 billion) central government budget…

3 defectors slapped with suit filed by Kim’s aunt

The aunt of North Korean leader Kim Jong-un filed a defamation suit Wednesday against three North Korean defectors for spreading information on television…

Economy bills are near approval

The five major economy-related bills that the ruling and opposition parties have agreed to previously are now in the final stages of passing through the National Assembly…

BOK appointments pose a dilemma for investors

A majority of the Bank of Korea’s seven-member board will be replaced in April, providing an opportunity for President Park Geun-hye’s administration…

Current account surplus goes on for 44th month

Korea’s current account surplus has continued its record-breaking streak that began in 2012, largely due to the sharp drop in imports, while exports continued to shrink…

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

Hanwha Q Cells to build largest solar power plant in Turkey

Hanwha Q Cells Co., a solar power unit of South Korea’s conglomerate Hanwha Group, will complete the construction of the largest ...

Hankook Tire to supply tires for Toyota Takoma

South Korea’s Hankook Tire. Co. said Wednesday that it will provide tires for the 2016 Takoma, a popular pickup truck of Toyota ...

Shinhan Card launches joint venture to expand business in Indonesia

Shinhan Card Co., a leading credit finance company in South Korea, has taken the first step to expand its presence in Indonesia by ...

LS C&S lands cable contract worth $57 mn in the U.S.

South Korean cable manufacturer LS Cable & System (LS C&S) Tuesday announced that it landed a $57 million (about 66 billion won) ...

Korean shares most undervalued in Asia: Credit Suisse strategist Sakthi Siva

South Korean shares are most undervalued among 12 Asian markets, said Sakthi Siva, head of APAC & Global Emerging Market Strategy at ...

S. Korea’s Celltrion changes name to highlight cosmeceutical identity

South Korean biopharmaceutical company Celltrion Inc. is changing the name of its subsidiary Hanskin to CelltrionSkincureto ...

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

Entrepreneurship after "Have You Tried It?"

Last week, there were celebrations throughout all Hyundai affiliates in commemoration of the centennial anniversary of the birth of the late Honorary Chairman C···

Direct Trading of Won and RMB Starting Next Year: No Need to Exchange to Dollars

Starting next January when people buy and sell the Chinese yuan in South Korea, a direct trading exchange rate, determined in a won-yuan direct trading market, ···

[Editorial] Ratification of the South Korea-China FTA, Was It Reviewed Thoroughly?

The National Assembly ratified the South Korea-China free trade agreement (FTA). Lawmakers passed the agreement after a year since the leaders of the two countr···

'Got Rid of the Pressure from 'Gangnam Style' and Recalled Why I Became a Singer'

"I never knew it would take so long. I think that's how big the pressure and burden from 'Gangnam Style' was." The singer Psy (39) released his seventh al···

Make the VIP Uncomfortable, Be the First to Be Censored

According to an analysis, the Park Geun-hye government seems to be more thorough in censoring contents related to the president and her father (former President···

[Editorial] The World's Fate Lies on the UN Climate Change Conference

From November 29 (local time) until December 11 can be the most important two weeks in the history of mankind. The United Nations Framework Convention fo···

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

President Park Travels to Prague for Nuclear Sales Diplomacy

Korean President Park Geun-hye is set to go to Prague, the Czech Republic, to open "nuclear power plant sales" diplomacy after completing her schedule in Paris for the annual Conference of Parties (COP) as part of the United Nations Climate Change Conference. She will hold a summit meeting on Decemb...

Korean Fathers Reluctant to Take Advantage of Paid Paternity Leave

A study said Korea boasts the longest period of paid paternity leave among the Organization for Economic Cooperation and Development member countries but the number of those fathers who actually take advantage of it is abysmally low. According to data "Status of Childbirths and Maternity Leaves" pub...

Lawmakers Pass 2016 Budget after Cutting 300 Bil. Won to 386.4 Tril. Won

The 2016 budget bill of 386.4 trillion won (US$332.4 billion) has passed the National Assembly. The lawmakers approved the bill in the early morning of December 3 past the legal deadline by cutting 3.8 trillion won from the government-proposed plan while adding items of their own worth 3.5 trillion ...

Apro Service Group Acquires Citi Capital Assets

Apro Service Group, the financial service firm with subsidiaries like Rush & Cash and OK Savings Bank, has finally acquired all assets of Citi Capital Korea except its installment financing and lease financing units. Citi Capital Korea, a subsidiary of Citibank Korea, will undergo a liquidation proc...

LS Cable & System Wins $57 Mil. Underground Cable Order from the U.S.

LS Cable & System announced on December 1 that it signed a US$57-million underground cable supply deal with PSE&G (Public Service Electric and Gas) of New Jersey in the United States. The cable will be used to connect major ports and train stations in northeastern part of New Jersey. LS Cable & Syst...

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

South Korea Parliament Pass 2016 Budget and Five Economy-related bills

After days of wrangling between ruling and opposition parties, South Korea's National Assembly approved early on Thursday the government pl…

Korean tug-of-war added to UNESCO

Villagers near Dangjin, South Korea are preparing GijishiJooldarigi, A traditional Korean game of tug-of-war [Courtesy of GijishiJooldarigi Tradition Preservational Committee] Traditional K…

Citizens of Seoul are getting fatter every year

[AJU NEWS DB] According to an infographic released on Monday by Seoul Institute, the “Think Tank” of Seoul, 1 out of every four Citizens of Seoul is obese. Also, obese people are increasing e…

Chief prosecutor to take stern action against protesters

Kim Soo-nam, the new chief prosecutor of South Korea.[Photo by YooDae-gil=dbeorlf123@] New chief prosecutor Kim Soo-nam vowed to take stern action on protestors. The announcement was made as…

President Park vows to fight climate change

[Courtesy of Blue House] ? South Koreas President Park Geun-hye vowed to meet the goals of UN Climate Change Conferences goals to reduce greenhouse gas emissions, Monday, in Paris. During…

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

2016 Samsung Personnel Change on Presidents Lies on Trust within Stabi...

Major focus of personnel change was on trust by Vice-Chairman Lee Jae Yong of Samsung Electronics. While most of CEOs remained in office from personnel change on S...

Netlist That Received Investments from Samsung Will Receive Loyalty fr...

American server memory technology industry Netlist, which received investments from Samsung, will receive loyalty for its patents from major D-RAM industries. Excluding...

LG Starts Power Sale on Its TVs

LG Electronics made an announcement on the 30th that it will start ¡®LG TV Power Sale¡?, which will sell 30 different kinds of premium TVs suc...

Samsung Chooses Change in Generation within Stability for Personnel Change

Samsung Electronics chose change in generation based on stability. Head and eputy head of Future Strategy Office and CEO of Samsung Electronics remained in office. Vice-President Ko Dong Jin, who was a main person in bringing back popularity for Galaxy series, was promoted to president and took control of Wireless Business Department. Because Household Appli...

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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 Mme Natallia Zhylevich 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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The Korea Post is at your service.

The Korea Post, 30 years old, has 5 media units. They are all at your service.

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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