The Korean daily media headlines and humor
Wednesday, April 6, 2016
Here areThe Korea Postnoticesanda roundup of important headlines from all major Korean-language dailies, TV and other news media of Korea today:
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Invitation to the DagjinGijisi Tug-of-War Festival (UNSESCO Cultural Heritage)
Finally, it is the day after tomorrowat last!
The scheduled visit to the Hyundai Steel during the Tour of the DangjinGijisi Tug-of-War Festival has been replaced with a tour of the JW Pharmaceutical Corporation nearby due to the emergency schedule change of Hyundai Steel. The JW Pharmaceutical Corporation (http://www.jw-pharma.co.kr/pharma/en/intro/pharma.) is one of the jJ is one of the leading pharmaceutical companies in Korea and the tour would be as important as to Hyundai. Furthermore, many Excellencies have already visited Hyundai and this time the change might not be that amiss due to the importance of the pharmaceutical company.
Finally it is the day after tomorrow, the important tour of Dangjinand the CW Pharmaceutical Company for the Excellencies and Madams on April 8, 2016. See what CW Pharma and Dangjin have for the promotion of prosperity of your country through economic-industrial-tourism cooperation!
1. Meet, have luncheon with the CEO and leaders of CW Pharmaceutical, explore business opportunities with your country.
2. Have hands-on experience in the 600-year-old traditional Korean game of Tug-of-War.
3. It is UNESCO Cultural Heritage.
A partial view of the JW Pharmaceutical Co., Ltd.
Dangjin plant facilities of JW Pham.
I am pleased to inform Your Excellency that Mayor Kim Hong-jang of the Dangin City cordially invites Your Excellency and Madam to theDangjinGijisi Tug-of-War Festival (UNESCO Cultural Heritage) 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.
Here is the interesting schedule:
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 at the Dangjin Buffet Restaurant hosted by Major and Mrs. Kim Hong-jang of the Dangjin City with the Management of the JW PharmaceuticalCompany and tour the JW Pharma facilities.
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
The Korea Post phones: 2298-1745 or 2298-1740/2, mobiles 010-3388-1682 (Korean) and 010-5201-1740 (Chairman Lee Kyung-sik).
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Very Respectfully Yours
Publisher-Chairman of The Korea Post
A quick roundup of major news stories from Korean media:
President Park Completes N. American Trip
President Park Geun-hye is expected to arrive in Seoul late Wednesday, concluding her two-nation visit to the U.S. and Mexico.
S. Korea Vows 'Destruction' for N. Korea
President Park Completes N. American Trip
PM Urges Efforts to Increase Economic Value of Forests
US FDA OKs S. Korean Pharmaceutical Firm Celltrion’s Biosimilar
S. Korean Conglomerates Up Investment in 2015; Top 3 Account for 65%
Financial Watchdog Expands Oversight of FX Derivative
VOA: N. Korea's Overseas Restaurants Used for Espionage
N. Korean Media Threatens Attack on S. Korean Agencies Through Video
N. Korea Sells S. Korean Goods Left Behind at Gaeseong
China, Japan to Work Closely in Implementing UN Sanctions on N. Korea
N. Korean DCB Finance Included in Panama Papers
38 North: ‘Suspicious Activity’ at N. Korean Nuke Facility
S. Korean ambassador to Japan offers to resign
South Korea's top envoy to Japan said Wednesday he has offered to resign upon completing his duty of mending frayed bilateral ties.
Maryland declares 'Taekwondo Day'
The U.S. state of Maryland declared April 5 as "Taekwondo Day" in an effort to promote the Korean martial art, the latest in a series of events underlining the affection Gov. Larry Hogan and his Korean-American wife have for Korea.
S. Korea in debate about developing own nuclear weapons: CRS report
South Korea is in a debate about developing its own nuclear weapons, despite the United States' assurances to extend its "nuclear umbrella" to protect the Asian ally, a congressional report said Tuesday.
N.K. cyber capabilities pose serious challenges to U.S.: cyber command chief
North Korea's cyber capabilities pose serious challenges to the United States, the U.S. cyber commander said Tuesday, emphasizing the communist nation has steadily been bolstering its capabilities and has been "quite active" in the cyber domain.
The Korea Herald (http://www.koreaherald.com)
NK could have started harvesting plutonium from spent fuel: ISIS
North Korea could have already started reprocessing spent nuclear fuel to harvest weapons-grade plutonium in a process t...
Korea’s fiscal deficit swells to 6-year high of 38 trillion won
South Korea posted a fiscal deficit of 38 trillion won last year on the back of increased bond ...
Korean firms drop job titles to reduce top-down culture
Employees head to their offices in a building in Seoul. (Yonhap)One thing that surprised Tyler ...
Police's open letter to Australian rape victim sparks fury
A week ago, Airdre Mattner mustered up the courage to come forward as a rape victim to the medi...
Mr. Pizza chairman apologizes for assault
The chairman of MPK Group, which runs the Mr. Pizza chain, issued an official apology Monday night on the...
Panama papers leak
The eldest son of disgraced former President Roh Tae-woo has been found to have established ...
The Minimum Wage Council will kick off negotiations Thursday to set the national minimum wag...
The Korea Times (http://www.koreatimes.co.kr)
Kia's Mexico project gets green light
Mexican President Enrique Pena Nieto said Tuesday that the federal government will mediate in a tax incentives row between Kia Motors and one of the country’s states over the firm’s assembly plant, according to Cheong WaDae.
Surging state debt hurts fiscal health
Government debt has grown rapidly on increased spending on welfare and stimulus measures, stoking ...
N. Korea's GPS jamming targets aircraft navigation system
North Korea's continuing attempts to jam South Korea' Global Positioning System (GPS) may be aimed at disrupting the navigation systems of aircraft, governmen...
Voters decry election messages, calls
Park Sang-soo, an office worker, has become increasingly annoyed with the messages and calls he has been getting lately from the staff of candidates for the A...
S. Korea, IAEA to hold talks over N. Korean nuke threats
The two sides will meet in Seoul on Thursday for their fourth round of high-level consultations aimed at strengthening cooperation on nuclear issues, such as...
Overseas voter turnout reaches 40%
The National Election Commission (NEC) said 63,797 out of 154,217 registered overseas Koreans participated in the six-day poll that took place at 198 polling...
Samsung starts mass producing 10-nm class DRAM
Samsung Electronics has ushered in an era of mass produced 10-nanometer class dynamic random access memory (DRAM) chips. Analysts…
Dentist and composer Lapin debuts as singer
Lapin, who won at the composer competition program called Mnet's "Superhit" in 2013, has debuted as a singer. Lapin is a stage na…
Obama’s Hiroshima visit in May
As U.S. Secretary of State John Kerry’s visit to the Hiroshima peace memorial park this month has been fixed, the world is now cu…
Is the ruling party’s intended exaggeration?
“It’s really tough. It’s extremely difficult in the Seoul metropolitan area.”Lee Gun-hyun, a co-group head of the election ca…
Park Byung-ho posts 1st hit, run in Major League debut game
Park Byun-ho of the Minnesota Twins got off a good start in the Major League by posting his first hit in his debut game. In the g…
LG's G5 selling like hot cakes, production lines running 24 hours
LG Electronics released its strategic smart-phone "G5" on Thursday and sold over 15,000 units of G5 on that day, which is about t…
Panama Papers Point to N.Korea's Shady Western Banker
North Korea set up a paper company in the British Virgin Islands in 2006 to raise money for its nuclear weapons program, a massive leak of money-laundering papers from Panama reveals. A British financier named Nigel Cowie played a key role in setting it up. >> Full Text
Voters Remain Undecided Among Lackluster Options
With less than 10 days left until the general elections some 27 percent of voters remain undecided which of the largely interchangeable candidates to vote for. Both ruling and opposition parties squabbled over the nomination of candidates. >> Full Text
Samsung in Better-Than-Expected Q1 Earnings
Samsung Electronics is expected to announce a first-quarter operating profit of more than W6.5 trillion. Earlier, analysts had projected only W5.1 trillion, but a strong dollar and robust sales of the flagship Galaxy S7 smartphones led to the higher profit. >> Full Text
Hyundai to Develop Self-Driving Car
Sales of Hyundai's Luxury Genesis Sedan Remain Solid in U.S.
GM Korea Rescinds Plans to Manufacture Its Popular Sedan Locally
Son of former Pres. Roh Tae-woo implicated in Panama Papers
Roh Jae-heon created three paper companies, in an apparent attempt to conceal his father’s slush funds
On Apr. 4, news website Newstapa reported that Roh Jae-heon, 51, son of former president Roh Tae-woo, had created three paper companies in the British Virgin Islands, a favorite haven for tax evasion.This is the conclusion of an analysis of 1,150 internal documents leaked from Panamanian law firm Mossack Fonseca that the online newspaper had carried out in conjunction with the International Consortium of Investigative Journalists since September of last year.
Leaked document shows that special connections lead to lucrative franchises
Friends, relatives and family members of major figures in the retail industry such as Lee Seung-han, former chairman of Homeplus, and GuHak-seo, former chairman of the Shinsegae Group, are running franchises located in Homeplus and Emart outlets, a leaked document reveals.It also turns out that family members and relatives of former and current executives at home offices, government officials and other important business figures own franchises located in major retail outlets.
Former KB Hanmaum CEO wins damages for illegal surveillance of civilians
The Supreme Court ruled on Apr. 2 to order the state and individuals involved in the illegal surveillance of former KB Hanmaum CEO Kim Jong-ik to pay him over US$400,000 in damages.Kim, 62, was a high-profile victim of illegal surveillance of civilians by the Office of the Prime Minister (OPM) during the presidency of Lee Myung-bak (2008-13).The court‘s second division under Justice Cho Hee-dae ruled on Apr. 4
North Korean Defense Commission mentions negotiations as “fundamental solution”
North Korea described “establishing negotiations” as a “fundamental solution” to issues surrounding its nuclear and missile programs.The statement came on Apr. 3, a month after the United Nations Security Council adopted Resolution 2270 sanctioning the North for its recent nuclear test and missile launch. It also showed a very different approach from the various shows of force with military exercises and threatening statements from Workers’ Party,
Minjoo, People’s Party abandon alliance idea
With the April 13 general elections just a week away, the main opposition Minjoo Party and minor People’s Party leaders both declared they were abandoning any attempt at an alliance to field single opposition candidates in races to avoid splitting the liberal vote…
GM won’t produce premium Impalas locally
GM Korea decided not to start local production of the Impala, Chevrolet’s premium sedan, sending shock waves…
Gov’t will probe ‘Panama Papers’ claim about Roh
The government said it will investigate allegations that the son of former president Roh Tae-woo used shell…
Growth policies cited in debt hike
The government’s debt grew to its largest amount last year while the budget balance turned black…
Builder selected for Jeju ‘Dream Tower’
Lotte Tour and Chinese real estate company Greenland Group are planning to build a 700 billion won ($605.1 million)…
Foreign exchange reserves climb
Thanks to the recent weakening of the U.S. dollar, Korea’s foreign exchange reserves grew in March…
Roh Jae-heon Established Paper Companies During Divorce Trial: Was He Trying to Hide Roh Tae-woo's Slush Funds?
The British Virgin Islands where Roh Jae-heon, the eldest son of former President Roh Tae-woo, established three paper companies, is also where Chun Jae-guk, th···
A Colossal Ruling Party with More than 180 Seats Expected
The 20th parliamentary elections will be a race between one ruling party against multiple opposition parties, and the Saenuri Party securing 180 seats, a number···
[Editorial] [April 13, 2016 Parliamentary Elections] Kim Moo-sung's Vulgar Campaign Accusing Opposition Party of Being Anti-Government
Saenuri Party leader Kim Moo-sung said, "If you vote for the opposition party that gave up national security, they will resume operations at Kaesong Industrial···
South Korea's Decrease in Population, More Serious than Japan
Jang (31) had worked as an after-school instructor, but recently failed to renew her contract. Although she has a boyfriend, she has no thoughts of marriage. Ja···
'Voluntary Prostitution Still Harmful and Should Be Subject to Punishment' Constitutional Court Rules Against Prostitution 6:3
The Constitutional Court ruled that the Act on the Punishment of Acts of Arranging Sexual Traffic, which stipulates that people engaging in prostitution can be ···
The Korea Economic Daily (http://english.hankyung.com/)
Anbang Insurance Takes over Allianz Life Korea at 250 Bil. Won
China's Anbang Insurance Group will acquire Allianz Life Insurance of Korea. This is a move only six months after the insurance group took over Tongyang Life at 1.13 trillion won in September last year. According to insurance industry sources on April 5, Anbang Insurance and Germany's Allianz Group ...
Merger of Allianz and Tongyang to Create 5th Largest Life Insurer Overnight
Following an acquisition of Tongyang Life, Korea's eighth-largest life insurer, in September last year, China's Anbang Insurance Group succeeded in buying up Allianz Life Insurance of Korea this time. If the two units are merged together, a new entity will overnight jump into the rank of a top-five ...
"Delay at Kia’s Mexico Plant Be Solved through Mutual Understanding"...Prez. Park
President Park Geun-hye, who is now on her state visit to Mexico, said of the issue related to the delay in the provision of incentives at Kia Motors’ Mexico plant, “To address the problem facing Kia Motors, we should strengthen cooperation with the Mexican government.” In a written interview wit...
GM Korea Makes Final Decision Not to Produce Impala at Home
GM Korea said on April 5 that it has finally decided to keep importing the Chevrolet Impala rather than assembling the full-size sedan at home. The Korean unit of GM has sold the Impala imported from the United States since September last year after discontinuing the Alpheon. For seven months until ...
AJU Business Daily(http://eng.ajunews.com/korea)
Pyongyang suspected of producing plutonium for atomic bombs: ISIS
North Korea could have acquired plutonium at its main nuclear complex, enough to produce one to three atomic bombs, since a five-megawatt reactor was reactivated in mi…
'Suspicious' activity at North Korea's nuclear complex
Recent satellite images have shown "suspicious activity" at North Korea's nuclear site which could mean reprocessing is under way to produce …
Ex-president's son found to run secret paper firms in tax haven
Roh Jae-hun, the eldest son of the ex-president Roh Tae-woo [Pool Picture] The eldest son of South Korea's former president Roh Tae-woo was found to have set up three secret paper firms i…
Pyongyang fires ground-to-air missile into sea
North Korea fired a short-range missile into the sea Friday in a show of force as South Korean President ParkGeun-hye held back-to-
South Korean Government to Invest in Developing Its Own Super-Compute...
For the first time, South Korean Government is pushing for development project of super-computers. Ministry of Science, ICP and Future Planning (MSIP) made an announc...
Household Appliances and G5 to Lead LG Electronics’ Performance
LG Electronics is expecting that it had made a surprising performance that is better than initial expectation in first quarter and that it will make its biggest perf...
Tesla’s Model 3 Attracts 250,000 People in Making Reservations in just...
Number of people that made reservations for Tesla¡?s electric vehicle
MaeilBusinessNewsKorea (http://www.pulsenews.co.kr/ )
Samsung Electronics starts mass producing 10nm-class DRAM
The world’s leading semiconductor company Samsung Electronics Co. raised the bar in chip-making and got ahead of its rivals in next-generation chip fabrication technology, having begun mass-producing 8-gigabit (Gb)double-data-rate 4 (DDR4) dynamic random access memory chips (DRAM) on 10-nanometer (nm) process for the first time in the industry.
Hyundai Motor takes a step closer to connect cars to life
Jumping on the smart car bandwagon, Hyundai Motor Group revealed its ambitious connected car project with an aim to develop ...
S. Korea’s OCI’s outlook improves on solar power facility sale and rebound
South Korea’s OCI Co., the country`s No.1 polysilicon supplier, saw its share price jump 34.7 percent over the last three ...
Samsung initiates steps to get approval for its third biosimilar in Europe
Samsung Bioepis Co. has kicked off efforts to get marketing authorization for its third biosimilar product in Europe. “Samsung ...
LG Electronics strikes down blogger’s claim that G5 smartphone isn’t all
South Korean tech giant LG Electronics Inc. found itself in a hot seat, charged of exaggeration about its ambitious new G5 ...
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