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The Korean daily media headlines and humorMarch 18, 2016

The Korean daily media headlines and humor

Friday, March 18, 2016

Your Excellency:

Here are The Korea Post notice and roundup of important headlines from all major Korean-language dailies, TV and other news media of Korea today:

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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Special Notice:
Invitation to the DagjinGijisi Tug-of-War Festival (UNSESCO Cultural Heritage)

Your Excellency:

I am pleased to inform Your Excellency that Mayor Kim Hong-jang of the Dangin City cordinally invites Your Excellency and Madam to the DangjinGijisi Tug-of-War Festival (UNESCO Cultural Heritagte) on Friday April 8, 2016. The Korea Post organizes the tour at the invitation of Mayor Kim, which also includes a visit to the famed Hyundai Steel Mill.
/news/view.html?smode=&skey=tug-of-war&x=11&y=9&section=165&category=191&no=912

Schedule follows:
0820 hours Friday April 8, 2016: Meet at Grqand Hyatt Seoul(near Water Fountain).
0830-1100 hours: Move by Limousine Bus to Dangjin by picturesque West Coast Expressway, visiting the Hyundai Steel Plant on the way to Dangjin.
1100-1140 hours: Visit the Gijisi Tug-of-War Museum.
1200-1340 hours: Luncheon hosted by Major and Mrs. Kim Hong-jang of the Dangjin City.
1400-1420 hours: Wear traditional Korean costumes of the King, General and Court ladies.
1430-1640 hours: Have hands-on experience in various local cultural events, including participation in the Gijisi Tug-of-War and Rice wine- and Sake-making.
1700-1830 hours: Move back to  Seoul arriving at Grand Hayatt Seoul by 6:30 p.m.
Very Respectfully Yours

/s/

Lee Kyung-sik
Publisher-Chairman
The Korea Post phones: 2298-1745 or 2298-1740/2, mobiles 010-3388-1682 (Korean) and 010-5201-1740 (Chairman Lee Kyung-sik).

RSVP: Yes, my spouse and I will attend_______. I will attend alone_______.
(Please makr the blank spaces above and below with an X or Tick.)
Mobile phone of driver or secretary:_________________________.     Regrets:_____.

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A quick roundup of major news stories from Korean media:

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

N. Korea Fires Ballistic Missile into East Sea

North Korea fired a ballistic missile into the East Sea Friday morning. South Korea’s Joint Chiefs of Staff said...

Park to Create Science & Technology Council as R&D Control Tower

Korean Film Screening Project in Developing Nations to Continue

Park to Create Science & Technology Council as R&D Control Tower

S. Korean Nuke Envoy to Visit China Friday

N. Korean Nuke, Missile Test to Trigger Tougher UN Measures

Chinese Portal Opens Section Introducing S. Korean Clinics

KOSPI Closes Higher on Eased Uncertainties in US

S. Korea's Unemployment Rate Exceeds Japan's for 11 Months

'N. Korea Requests UNSC Discuss S. Korea-US Drills'

N. Korea Threatens Preemptive Attack at Slightest Sign of Military Action

N. Korea Threatens Preemptive Attack Over Joint Drills

N. Korea Fires Ballistic Missile into East Sea

38 North: N. Korea Continuing SLBM Development

Russian Expert: UN Sanctions on N. Korea to Harm Russian Interest

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

N. Korea fires ballistic missile into East Sea

North Korea fired a ballistic missile into the East Sea on Friday, the military said, in the latest show of force against the ongoing joint military exercises between South Korea and the United States.

Int'l EV expo kicks off in S. Korea

An international expo for electric vehicles kicked off in South Korea on Friday with major automakers showcasing their latest EV models and holding a series of meetings to share their views on the current and future technologies for eco-friendly vehicles.

Cardinals' Oh touched for 1st home run of spring

Oh Seung-hwan of the St. Louis Cardinals was touched for his first home run of the spring Thursday against the Detroit Tigers.

Seoul, Paris to hold diplomatic meeting next week

South Korea's foreign ministry said it plans to hold a ministerial-level talk with France next week, and discuss various issues related to the two countries, including Pyongyang-related topics.

Park to set up science and technology council to overhaul R&D

President Park Geun-hye said Thursday she would create and preside over a strategic council on science and technology that will overhaul South Korea's research and development (R&D) process.

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

N. Korea fires ballistic missile into East Sea

North Korea fired a ballistic missile into the East Sea on Friday, the military said, in the latest show of force agains...

KOSDAQ stability questioned after suspicious Codes Combine rally

A loss-making apparel company’s mysterious nine-day rally on KOSDAQ has many investors questio...

Competition intensifies over premium instant noodles

Competition in Korea’s instant noodle market is heating up with food processing companies seek...

School smoking test breaches students' rights, watchdog says

Schools should refrain from the excessive survey of students who are suspected of smoking to pr...

Merrick Garland, Obama's moderate Supreme Co...

Merrick Garland, a centrist judge with a long and distinguished career in the halls o...

Living with diversity

It is irreversible. Korea cannot go back to the time when it boasted of its racial homogenei...

At Park’s whim

Politicians and the media that follow what they say and do often contrive expressions, some ...

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

Nomination conflict going from bad to worse

The ruling Saenuri Party Chairman Kim Moo-sung and lawmakers loyal to President Park Geun-hye collided head-on Thursday over nominations for the April 13 general election. Rep. Won Yoo-chul, the party’s floor leader and a Park l...

N. Korea fires mid-range ballistic missile into East Sea 

The missile was fired at 5:55 a.m. from the Sukchon region, north of Pyongyang, and flew for about 800 kilometers before falling into the sea off the east coa... 

Brutal way to 'boost morale' on campus still rampant

Sixty university students - freshmen and sophomores - were abused and tortured by their seniors to... 

'Call bus' services to be expanded to central Seoul 

The future late-night call bus service will have its test run expanded from southern Seoul to cent...

Asia's largest aviation training center to open in Korea 

U.S. aerospace behemoth Boeing said Thursday it will open Asia's largest aviation training center near Incheon International Airport to train the pilots of Ko... 

Lee-AlphaGo duel lifts go, AI profiles 

The much-hyped match between AlphaGo and go grandmaster Lee Se-dol ended in a 4-1 victory of the a...

Obama's order targets $300 million from 'slave workers' 

U.S. President Barack Obama’s latest executive order concerning North Korea’s exploitation of “slave workers” abroad will squeeze the Kim Jong-un regime furth...

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

N.K. defectors illegally re-lease subsidized public rental homes

Kim, a 27-year-old woman who defected from North Korea leaving her family behind in Jakang Province in the North four years ago, …

Chinese capital eyes global maritime hub

A large-sized state-run company from China has joined the contest to acquire the Baltic Exchange, the international hub of cargo …

Lydia Ko and Park Chan-ho at LPGA championship

Lydia Ko (19), the Korean New Zealander who is atop in women’s world golf rankings, has welcomed Park Chan-ho (43). Park (right, …

U.S. imposes sanctions against 'overseas labor exportation' by Pyongyang

The U.S. has released an executive order against North Korea that bans “overseas labor exportation,” Pyongyang’s major resources

Cheapest Galaxy S7 priced at 0 ? 0 in Korea

The three major mobile telecom providers, SK Telecom, KT, and LG Uplus, started selling the Galaxy S7 and the Galaxy S7 Edge, Samsung Electronics’ strategic smartphones, by disclosing their prices on Friday. Among the three, LG Uplus offers the biggest subsidies for the new devices under all different calling plans.

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

Youth Unemployment Mimics Japan's Lost Decades

Unemployment among young Koreans between 15 and 29 reached a record 12.5 percent last month, Statistics Korea said Wednesday. The previous record was 14.5 percent in 1999, just after the onset of the Asian financial crisis. >> Full Text

One in Four Households Keep Cash at Home, Survey Finds

One in four households in Korea store cash at home, with the stored amount averaging around W700,000, according to a survey. The Bank of Korea conducted the survey of 1,100 householders nationwide in October last year. >> Full Text

Korea Honored at Paris Book Fair

Korea is taking part as the guest of honor in the 36th Paris Book Fair, which opens in the French capital on Thursday, as the two nations celebrate the 130th anniversary of diplomatic ties this year. Thirty Korean writers were invited to the event to show various aspects of Korean literary culture. >> Full Text

China Complies with Sanctions Against N.Korea

Russia's Gazprom Halts Business with N.Korea

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

One of the most terrible scenes in S. Korean political history

On the evening of Mar. 15, the ruling Saenuri Party refused to nominate lawmakers from outside the group that is pro-President Park Geun-hye. This will go down as one of the most awful scenes in the history of South Korean politics.While this is not the first time that a conflict over party nominations led to controversial meddling by the Blue House, it would be hard to find precedent for a group of sitting lawmakers being refused a nomination like this simply because they were on the president’s bad side.

Income inequality in South Korea the most severe in Asia

The top 10% of South Korea’s income earners are taking home nearly half of all income, a new report shows. This is the highest concentration of income among any comparable Asian country. In order to decrease income concentration, the IMF (International Monetary Fund) is calling for an aggressive fiscal policy.A report titled “Sharing the Growth Dividend: Analysis of Inequality in Asia” that was recently published by the IMF shows that the top 10% of South Korean income earners were collecting 45% of the total income, as of 2013.

At S. Korea’s top university, more and more students from a few privileged backgrounds

The admission examination for Seoul National University (SNU) this year was dominated by students from three specific backgrounds: special purpose high schools, autonomous private high schools, and general high schools in the three districts making up Seoul’s Gangnam district.The percentage of successful candidates to South Korea’s top university from those backgrounds has risen from 42% in 2013 to 49.1% in 2016.

Youth unemployment rate hits highest point ever

South Korea‘s youth unemployment rate topped 12% for the first time ever. Since Park Geun-hye became president in early 2013, the government has devised six separate youth job programs and has spent 2 trillion won (US$1.7 billion) a year on the issue, but the job crunch for young people is showing no signs of improving. If anything, prospects for the future are getting gloomier, as even the chaebol with the capacity to create good jobs are planning to offer fewer jobs to university graduates.

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

Saenuri in convulsions over April nominations

The schism in the ruling party between loyalists of President Park Geun-hye and her adversaries widened to a chasm on Thursday, as they battled over nominations for the April 13 general election…

Obama imposes new sanctions on Pyongyang

President Barack Obama levied sanctions against North Korea on Wednesday in response to the nation’s recent nuclear and ballistic missile tests…

Restraint by U.S. Fed buys BOK time on rate cut

The U.S. Federal Reserve’s decision to freeze its key rate at the current 0.25 to 0.50 percent on Wednesday is expected to have a positive impact on the Korean market…

Gov’t pledges think tank dedicated to AI

The historic match between Go master Lee Se-dol and Google’s artificial intelligence (AI) algorithm AlphaGo this past week focused attention on Korea’s lagging capabilities…

LG Display invests big in a 5th-generation OLED plantLG Display, a leading display maker, unveiled a plan Thursday to invest in a new production line for organic light-emitting diode (OLED) panels to expand its lineup for …

BMW says its future flagship iNext will be self-driving

BMW AG plans for a self-driving, electric car to supplant the 7 Series sedan as its flagship model in the coming years, responding to the challenges posed by the likes…

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

Kim Moo-sung and Lee Hahn-koo Collide Head-on over Candidate Nominations

On March 16, Saenuri Party leader Kim Moo-sung said, "The decisions concerning some areas with single candidate recommendations and priority recommendations we···

[Editorial] Elections of the President, Candidate Nominations by the President, and a Country for the President

The Saenuri Party's candidate nominations for the April 13 elections have practically been concluded. The nomination of lawmaker YooSeong-min is yet to be det···

Who Owns the Copyright to the Records of AlphaGo's Game, If There Is Such a Thing?

Can the copyright of the odd moves that artificial intelligence AlphaGo displayed in the matches against Lee Se-dol (9 dan, 34), the order and form of the moves···

Saenuri Party Candidate Nominations: Pro-Parks Survive, While Non-Parks Are Ousted

Non-Park lawmakers of the Saenuri Party have failed, in large numbers, to be nominated as candidates for the upcoming general elections. According to the result···

Bad Blood Between Chang Chun-ha and Park Chung-hee Flows to the Next Generation

The Korean-American pastor, which the National Election Commission reported to the Prosecutors' Office because of a newspaper ad seeking "judgment on Park Geu···

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

Glenwood PE Buys Lafarge Halla Cement at 630 Bil. Won

Glenwood Private Equity, Korea's homegrown private equity firm, will take over Lafarge Halla Cement Corp. jointly with Hong Kong-based private equity fund firm Baring Private Equity Asia at the cost of 630 billion won. The two private equity firms will also acquire Lako, a separate entity that owns ...

Korea's IMF Financial Development Index Ranked 6th in the World

Korea's degree of financial development that has been ranked below that of some African countries was this time evaluated to be as high as sixth out of 183 countries in the world. According to the Bank of Korea on March 17, the International Monetary Fund has come up with a new index to measure the ...

China Overtakes the United States in Korea-issued Listed Bond Balance

China has become the No. 1 country in terms of volume of listed bonds issued by Korean companies after overtaking the United States. According to the Financial Supervisory Service on March 17, the balance of Korea-issued listed bonds held by Chinese investors was 17,509 billion won as of the end of ...

Kowloon Motor to Build Electric Car Plant in Gwangju

A Chinese car maker is set to build a car plant with an annual production capacity of 100,000 units, in Gwangju in southwest Korea. This will be the first time for a Chinese auto maker to build a car plant in Korea. The Gwangju metropolitan city government signed a letter of intent agreement regardi...

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

North Korea test-fires medium-range missile

North Korea on Friday test-fired what appears to be a medium-range ballistic missile, days after its leader Kim Jong-un vowed to push for the launch of more rockets c

North Korea sentences U.S. student to 15 years of hard labor

In a move seen to further escalate tension with the United States, North Korea's supreme court has sentenced a detained American student to 15 years’ hard labor after f…

Anxiety grows among residents on front-line island

The wall of a public playground on South Korea’s front-line island of Yeonpyeong shows a hole created by the shelling of North Korea’s artillery in 2010. [photo by Terra production] YEONPYEO…

North Korea pledges more nuclear and missile tests

North Korean leader Kim Jong-un has issued an explicit order for the launch of more rockets capable of carrying nuclear warheads, state media said Tuesday, defy…

South Korea vows to lead international sanctions against North

South Korean Foreign Minister Yun Byung-se called Monday for a diplomatic push to force North Korea into negotiations on

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

Conclusion of Matches between Lee Se-dol and AlphaGo

First historical match between Lee Se-dol, who is a 9-dan rank player in Go, and AlphaGo took place on the 9th of March. What part of this historical match attra...

ABOV Semiconductor Becomes the Sole Supplier of Chips for Touch Keys...

A South Korean fabless semiconductor manufacturing business had beat out an American competitor and has become the sole supplier of MCU (Micro-Controller Unit) Chips for...

Artificial Intelligence Solution Businesses to Be More Active in Ar...

Go match between AlphaGo and Lee Se-dol was a good opportunity

South Korean businesses to Start Competing for Establishment of Nationwide Network for IoT

Nationwide network for IoT is going to be open to public by end of this year. To counter against SK Telecom¡?s plan to install its private network in all of South Korea, KT is going to commercialize

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MaeilBusinessNewsKorea (http://www.pulsenews.co.kr/ )

Samsung Electronics to release AI smartphones

Samsung Electronics Co. is mulling to add an artificial intelligence (AI) feature to its smartphones in a move to keep abreast of the latest trend, the company executive vice president said on Thursday.

Hyundai Motor to sell its 5% stake in KAI in block trade

South Korea’s leading auto maker Hyundai Motor Co. will offload its 5 percent stake in Korea Aerospace Industries Ltd. (KAI) ...

S. Korean sparkling water market rapidly grows

The Korean sparkling water market is rapidly growing on burgeoning demand from female consumers in their 20s and 30s who keep ...

Eli Lilly and Co.’s Chairman visits Samsung Bioepis and Samsung BioLogics

John Lechleiter, chairman of the U.S.-based pharmaceutical firm Eli Lilly and Co., paid a visit to South Korea’s biomedicine ...

Hotel Shilla and Lotte Duty in a duty-free shop showdown in Tokyo

Two Korean top duty-free retail giants face a showdown in Japan with Hotel Shilla becoming the latest to declare duty-free shop ...

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The Korea Post is at your service.

The Korea Post is 31 years old this year and has 5 media units. They are all at your service.

The Korea Post, established 31 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.comor 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 (www.koreapost.co.kr),

(3) An English Internet (www.koreapost.com),

(4) An English print monthly (http://koreapost.koreafree.co.kr/magazine/index.html), and

(5) An English e-daily (/rankup_module/rankup_notice/notice_list.html)

Send your news releases and feedback:

Send the Embassy news releases to edt@koreapost.comfor publication by all its five media units, including one Korean (www.koreapost.co.kr) and one English (www.koreapost.com) Internet dailies, which are updated real-time.(Call 010-5201-1740 for further details.)

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