The Korean daily media headlines and humor
Tuesday, April 26, 2016
Here are The Korea Post notices and a roundup of important headlines from all major Korean-language dailies, TV and other news media of Korea today:
Korea Post Media
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Denuclearization of Korean peninsula best solution for all parties
Contribution by seasoned Chinese journalist in Seoul
The following article was contributed to The Korea Post by Shan Shilei, chief of the Seoul Bureau of the Legal Daily of China, for publication by The Korea Post. Views expressed in the article are author's own and in no way represent the view or position of The Korea Post media.?Ed.
▲President Park Geun-hye (right) shakes hands with President Xi Jinping at the Presidential Mansion of Cheong Dae Dae in Seoul on July 3 , 2014. Presidents Park and Xi are considered to be the closest Heads of State of the two countries in the history of the bilateral relations.
The relatively stable situation on the Korean peninsula was broken again at the outset of the New Year on Jan. 6, 2016 when North Korea carried out its fourth nuclear test. The two Koreas are now in a keen state of military confrontation with each other and there even are worries of possible outbreak of another Korean War.
The unwelcome ripples of the latest North Korean nuclear test are reaching far and wide, and are further deteriorating the inter-Korean relations. The situation is casting a dark cloud on the prospect of possible peaceful reunification of the Korean peninsula.
Moreover, the newly developing situation threatens to destroy the hitherto-maintained balance of power in the Asia-Pacific region as well as the stability on the Korean peninsula and the surrounding region. The newly developing situation could also trigger a new arms race in the region.
So what should we do about this situation?
In my personal view, we can hardly find a solution by approaching it with economic sanctions or a show of military might or exertion of military pressures. Nor will such a means bring peace or stability on the Korean peninsula. The only revenue open is to approach the problem to solve it by peaceful means such as dialogue and/or contacts through diplomatic means and channels. They are most the effective ways to defuse the tensions on the Korean peninsula.
For further details, visit: /news/view.html?section=158&category=167&no=1267
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A quick roundup of major news stories from Korean media:
Financial Watchdog Vows 3-Pronged Restructuring
The head of South Korea’s financial watchdog has revealed the government's three-pronged plans to restructure the nation's struggling industries.
BOK: S. Korea's Q1 GDP Grows 0.4%
South Korea's economy saw sluggish growth in the first quarter of this year due to weak exports and consumer demand
VW, Audi Face New Recalls in S. Korea
The Ministry of Land, infrastructure and Transport says over 26-hundred vehicles of German automakers Volkswagen and Audi will be recalled in South Korea.
S. Korea, China, Japan's Environment Ministers to Discuss Fine Dust Reponses
13th North Korea Freedom Week Opens Monday
Seoul Shrugs off N. Korean Proposal for Halting Nuclear Test
S. Korean trade minister emphasizes market-led corporate restructuring
South Korean trade minister said Tuesday that the government will support market and creditor-led corporate restructuring efforts amid rising public calls for stricter action to sort out marginal companies.
S. Korea seeks to double imports of Iranian oil
South Korea is pushing to more than double its imports of crude and condensates from Iran as part of efforts to boost its oil trade with the Middle Eastern country, industry sources said Tuesday.
N. Korea strengthens border control, punishment against defectors: report
North Korea has intensified its border control and imposed stronger punishment on those who were caught fleeing the repressive country, a report by a South Korean think tank showed Tuesday.
SK hynix's Q1 net plunges on weaker demand
South Korean chipmaking giant SK hynix Inc. said Tuesday its first-quarter profit plunged 65.4 percent from a year earlier due to falling demand for its memory chips and other major products.
The Korea Herald (http://www.koreaherald.com)
U.N. condemns North Korea's SLBM launch
The U.N. Security Council on Sunday condemned North Korea’s recent submarine-launched ballistic missile test, which exp...
Hanjin's fate rests in hands of creditors
The fate of Korea’s two largest container carriers, which handle the bulk of Korea’s exports,...
Korean battery makers beef up Chinese production
Korean battery makers are beefing up production in China, the largest market for nascent yet lu...
Toxic disinfectant probe gains momentum
The probe into toxic humidifier disinfectant is quickly gaining momentum, as the prosecution is...
The Korea Times (http://www.koreatimes.co.kr)
Former Hanjin Shipping chief under investigation for alleged illegal stock trading
Former Hanjin Shipping Chairwoman Choi Eun-yeong and her two daughters are under investigation by ...
Consumers to boycott Oxy Reckitt Benckiser
A coalition of civic and consumer groups as well as the families of the victims who are believed to have died or suffered from lung failure after using humidi...
NK exploits overseas workers for party congress
North Korea is squeezing even more out of its overseas “slave workers” in preparation for its seventh Congress of the Workers’ Party scheduled in May, accordi...
Chung to conduct Seoul Phil at Lotte opening concert
Chung Myung-whun, former music director of the Seoul Philharmonic Orchestra (SPO), will return to ...
Xiaomi to take on Qualcomm, Samsung in processor chips
Xiaomi, one of China’s rising smartphone titans, plans to steal the limelight not in smartphones but in the mobile application processor (APU) chip business b...
Conflict intensifies over warnings on cigarette packs
Disagreement over the placement of graphic warnings on cigarette packages _ whether to place them on the upper part or lower part of the pack _ is escalating ...
Dong AIlbo (http://english.donga.com)
N. Korean foreign minister talks of 'nuke for nukes' in New York
North Korean Foreign Minister Ri Su Yong's five-day visit to New York from April 20 to April 24 apparently targeted the U.S. Acco…
Hyundai Rotem wins US6 mil. railway deal in Turkey
Hyundai Rotem announced Monday that it signed a 316 million-dollar supply contract with the city government of Istanbul for 300 s…
N. Korea demands pre-payment of salary of its workers in China
It was found Monday that North Korea demanded a Chinese firm where North Korean workers were dispatched to remit the workers' six…
Chosun Ilbo (http://english.chosun.com)
Tang Wei Collaborates with Husband to Shoot Music Video for Her Upcoming Film
Actress Tang Wei joined forces with her husband Kim Tae-yong to film the music video for her upcoming film, her management agency said in a press event in Beijing last week.The...
Apr. 26, 2016 09:43 Obama Dismisses N.Korean Tit-for-Tat Offer
U.S. President Barack Obama on Sunday dismissed North Korea's proposal to stop nuclear tests if the U.S. suspends annual military exercises with South Korea.Speaking in Hannover,...
More Young Workers Embrace Gap Year
A growing number of young office workers are quitting their jobs to take a year out because they missed the gap year that high-school graduates in the West often take before...
Hankyoreh Shinmoon (http://english.hani.co.kr)
Poorest of the poor: defectors lured to demonstrations by pocket money
“What would I do if I stayed at home?” Na Yeong-sik, a North Korea defector who came to South Korea about 10 years ago, made the remark as he recalled what had happened in 2014. During the summer of..
How can we make “Hell Joseon” more liveable?
Last week, Statistics Korea came out with an important report offering insights into South Koreans’ everyday lives. The findings were from a study on changes between 1999 and 2014 in the way people sp..
Victims of humidifier disinfectant planning collective class action suit
People with health problems and family members who lost their loved ones in connection with the use of humidifier disinfectant are planning a class action lawsuit claiming damages from the South Korea..
Can we believe North Korea’s missile claims?
I recently found myself chuckling over North Korea’s response to the joint Key Resolve/Foal Eagle exercises by South Korea and the US. Not long after they carried out their large-scale Ssang Yong (“do..
N. Korean foreign minister says no nuke tests if ROK-US military drills are stopped
North Korean Foreign Minister Ri Su-yong, who is currently visiting New York, said that the North would be willing to stop its nuclear tests if the US and South Korea stopped their joint military dril..
Does North Korea’s submarine-launched ballistic missile signal another nuke test?
At 6:30 pm on Apr. 23, North Korea fired a submarine-launched ballistic missile (SLBM) in the East Sea, northeast of Sinpo in North Hamgyong Province. South Korea’s Joint Chiefs of Staff said that th..
JoongAng Ilbo (conservative): (http://koreajoongangdaily.joinsmsn.com/)
Hanjin asks creditors to go easy
Hanjin Shipping on Monday asked its creditors to approve a “self-rescue” of the company by management. A self-rescue is a weaker type of corporate restructuring than a debt workout or court receivership. A self-rescue program would be launched after creditors study the current status of the company…
Would-be refugees are trapped in the airport
Some 150 foreigners are trapped in a single room in Incheon International Airport after their attempts to enter…
UN condemns Pyongyang’s submarine launch
The United Nations Security Council “strongly condemned” North Korea’s firing of a submarine-launched ballistic missile…
Biometrics could become Korean specialty
KTB Solution, established in 2008, was an information security developer until last year. Now…
IBK starts fitting its ATMs with iris scanners
After running an iris verification system on two of its ATMs since December, the Industrial Bank of Korea (IBK)…
Banks increase ATM service fees
Financial institutions are raising ATM charges and other service fees as the central bank continues to keep…
The Kyunghyang Shinmoon (http://english.khan.co.kr/)
China's Economy Peaks amid a Global Recession: “Export Korea” Stranded
South Korea's shipbuilding industry, once the world number one, and the shipping industry, which transports exported goods, are now at a crossroads for surviva···
North Korea Releases Images of SLBM Test in Just a Day: NK Going All in to 'Display' Nuclear Capability
On April 24, North Korea claimed that they successfully test launched a submarine-launched ballistic missile (SLBM) in the water on April 23 as First Secretary ···
Cracks Running through Cheong Wa Dae’s Authority
After the Saenuri Party's defeat in the April 13 parliamentary elections, signs that President Park Geun-hye's grip on state affairs is weakening have been ob···
The Korea Economic Daily (http://english.hankyung.com/)
Gov't to Ask for 2 Tril. Won Fund to Bank of Korea for Corporate Restructuring Effort
The government has decided to recapitalize Korea Development Bank and Korea EximBank in order to fund the upcoming corporate restructuring efforts. To this end, it will review an idea of investing 1 trillion won each in the two state-run banks through the Bank of Korea. The government held an interm...
KDB Rejects Hanjin Shipping's Voluntary Agreement Plan
Hanjin Shipping has applied for a voluntary agreement with the creditors by submitting a new self-help plan including a cut in charter rates to its principal creditor Korea Development Bank. Cho Yang-ho, Hanjin Group chairman, also submitted a memo that he would give up his control on the shipping u...
SNU to Create R&D Clusters in 3 Campus Locations
Seoul National University will create a comprehensive R&D complex in the 58,000-square-meter area surrounding the Seoul Science Park in Kwanak District in the south of Seoul. In addition, the university will designate its downtown campus centered on the medical school and university hospital as a bi...
Samsung SDI’s EV Battery Order Backlog Hits 20 Tril. Won
Samsung SDI’s electric car battery order backlog reached about 20 trillion won. This order backlog will be reflected in the company's financial performances over the next ten years. Samsung SDI expects to be able to return to profit even in its electric car battery business, starting from 2018. A h...
AJU Business Daily (http://eng.ajunews.com/korea)
North Korea claims to have succeeded in SLBM launch
North Korea claimed Sunday to have conducted the successful test of a submarine-launched ballistic missile that could hit targets in South Korea and the United States any time.
Legendary artist Prince found dead at home
Prince, a revolutionary artist who explored the world of funk, rock, and pop over 39 albums, was found dead at his home on Thursday.
The 57-year old artist was fighting flu and his plane was reportedly forced to make an emergency landing in Illinois on Friday due to Illness. He was found dead at his home in Minnesota, the Carver County Sheriff's Office has confirmed, but the exact cause of death is not yet known.
China issues new code of behavior for tourists
Chinese tourists visiting South Korea and other countries are received well for their spending spree, but an indecent and scandalous scene caused by some ill-mannered travelers has often been frowned upon, prompting Beijing to cram their head with a code of behavior at home and abroad.
Price of 32-Inch Panel Finally Rebounds after 15 Months
Prices of LCDs and panels for 32-inch TVs finally rebounded after 15 months. Prices of 40-inch panels also stopped decreasing and have started to increase. There is a high chance that LG Display and
LG Electronics Becomes Top Drum Washing Machine Seller in First Quart...
As LG Electronics became the top drum washing machine seller in first quarter in drum washing machine market of the U.S., there are positive signs that indicate that ...
Samsung Electro-Mechanics Co., Ltd. To Supply Camera Modules to a North ...
Samsung Electro-Mechanics Co., Ltd. is planning to supply camera modules to Tesla. Electronic components for vehicles is one of major future businesses that Samsung Electr...
Maeil Business News Korea (http://www.pulsenews.co.kr/ )
Bondholders in Hyundai Merchant Marine and Hanjin Shipping could be burned
Bondholders in South Korea’s troubled Hyundai Merchant Marine Co. and Hanjin Shipping Co. are in danger of becoming burned, ...
Excessively high chartering fees pose threat to Hanjin Shipping, Hyundai
The fate of South Korea’s two largest container carriers -Hanjin Shipping Co. and Hyundai Merchant Marine Co. - that are ...
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Humor from a kind-hearted former Central Asian ambassador:
Who is poor?
A wealthy woman goes to a saree store and tells the boy at the counter, "Bhaiya, show me some cheap sarees. It is my son's marriage and I have to give to my maid."
After sometime, the maid comes to the saree shop and tells the boy at the counter, "Bhaiya, show me some expensive sarees. I want to gift my Mistress on her son's marriage."
Poverty is in the mind or in the purse?
Who is rich?
Once, a lady with her family was staying in a 3-star hotel for a picnic. She was the mother of a 6-month-old baby.
"Can I get 1 cup of milk?" asked the lady to the 3-star hotel manager.
"Yes, madam," he replied.
"But it will cost 100 bucks."
"No problem," said the lady.
While driving back from hotel, the child was hungry again.
They stopped at a road side tea stall and took milk from the tea vendor
"How much?” she asked the tea vendor.
"Madam, we don't charge money for kid's milk," the old man said with a smile.
"Let me know if you need more for the journey."
The lady took one more cup and left.
She wondered, "Who’s richer? The hotel manager or the old tea vendor?”
Sometimes, in the race for more money, we forget that we are all humans.
Let's help someone in need, without expecting something in return.
It will make us feel better than what money can.
Coffee never knew that it would taste so nice and sweet, before it met milk and sugar.
We are good as individuals but become better when we meet and blend with the right people...
"The world is full of nice people... If you can't find one... Be one.
(Editor’s note: Contribute the humor of your country or region and help your incumbent and former colleagues in Korea chuckle and remember you. Send the traditional and/or current humor of you country or region to firstname.lastname@example.org or email@example.com to be shared with your colleagues and Korean friends.)
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