The Korean daily media headlines and humor
Thursday, April 28, 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
P.S.: 1. To see the desired site, press down the Control key and click the blue URL of the media.
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‘In case of another Korean war: Two Koreas will suffer most, China some, US war industries will have a good time’
“If another war should break out on the Korean peninsula, the biggest victims would be the two Koreas, and then China, but the United States would not suffer hat much, on the contrary, some war industrialists could even make a lot of money,” said a seasoned Chinese journalist in Seoul in an article recently contributed to The Korea Post for publication. See further details at /news/view.html?section=158&category=167&no=1267.
Arbitration needed for the improvement of peace in the South China Sea
An article contributed to The Korea Post by the Ambassador the Republic of Philippines in Seoul offers a fresh view on the tense situation in the South China Sea region where the interests of the different countries converge. Visit:
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A quick roundup of major news stories from Korean media:
S. Korea to Seek Fresh UN Resolution if N. Korea Conducts 5th Nuke Test
Seoul's Vice Foreign Minister Cho Tae-yul says that if North Korea conducts a fifth nuclear test, South Korea will immediately push for a fresh and tougher UN resolution through close cooperation with the U.S., China, Japan and Russia.
Seoul, Beijing Assess N. Korea's Possible Nuke Tests as Most Pressing
The foreign ministers of South Korea and China have agreed that the most critical and pressing issue for the two countries is the possibility of North Korea's nuclear and missile tests.
Asahi: US Compiling List of N. Korean Human Rights Violators
The United States is reportedly compiling a list of North Korean officials involved in human rights violations.
Samsung Electronics Q1 Net Profit Grows 13.5%
S. Korea's Shipbuilders Remain Top in Order Backlogs
FSC Tightens Supervision of Finance Firms' Selection of Executives
Park warns against N.K. provocations
President Park Geun-hye on Thursday warned against North Korea's additional nuclear test, stressing that South Korea would never condone any provocative acts that would destabilize regional security.
N.K. unveils footage of restaurant defector family members
North Korea on Thursday unveiled video footage in which the parents of one North Korean restaurant worker who defected to South Korea early this month blamed Seoul for abducting their daughter.
Bank lending rates on household loans rise in March
Bank lending rates on new household loans climbed from a month earlier in March while interest paid on fresh bank deposits dipped to a six-month low, central bank data showed Thursday.
May's extended holiday to drive up travel demand
The latest government decision to designate May 6 as an extra holiday to pave the way for a four-day break is expected to sharply drive up people's leisure activities, as well as their reservations for domestic or overseas travel, local online shopping sites said Thursday.
The Korea Herald (http://www.koreaherald.com)
Seoul mulls policy bank recapitalization
As a wave of corporate restructuring looms, Korea is moving to shore up capital at policy banks, with a Korean-style “q...
Hard-knock lives of mixed-race Koreans born to U.S. soldiers
More than 50 years after her American solider father left South Korea, Jang Yeon-hee still long...
Hanjin chairman in debt dilemma
Having barely recovered from the infamous “nut rage” incident ignited by his daughter, Hanjin...
Start-ups form alliance for joint online-to-off-line services
A group of South Korea’s leading start-ups announced Wednesday that they would join forces
The Korea Times (http://www.koreatimes.co.kr)
Xi vows full implementation of UN sanctions against N.Korea
Chinese President Xi Jinping said Thursday that Beijing will fully implement U.N. sanctions against North Korea's nuclear and missile programs, while calling for a resumption of talks with Pyongyang. "China will fully implement ...
Gov't designates May 6 as temporary holiday
The government decided Thursday to designate a temporary holiday next week in an effort to boost domestic consumption that is critical for economic growth.
20 NK overseas restaurants closed after sanctions
Some 20 North Korean restaurants operated in foreign countries have been shut down following stronger sanctions imposed by the United Nations Security Council...
Samsung Electronics Q1 profit up 13.55% on strong Galaxy S7 sales
Samsung Electronics said Thursday its net profit advanced 13.55 percent on-year in the first quarter, apparently helped by robust sales of its flagship smartp...
SK Telecom Q1 sales, operating profit fall on higher costs
SK Telecom, South Korea's top mobile carrier, reported a fall in its first-quarter sales and operating profit from a year earlier on Thursday due to higher co...
Dong AIlbo (http://english.donga.com)
N. Korea to hold 1st party congress on May 6 to solidify dictatorship
North Korea officially announced Wednesday that its ruling Workers' Party of Korea (WPK) plans to hold its seventh party congress…
Mitsubishi CEO to resign due to fuel efficiency manipulation issue
Mitsubishi Motors' Chairman and CEO Masuko Osamu and President Aikawa Tetsuro will resign soon to take responsibility for the fue…
US cartoonist displays 'Yi Soon Shin: Fallen Avenger' in Seoul
According to the Seoul International Cartoon & Animation Festival on Wednesday, U.S. cartoonist Onrie Kompan will display his wor…
Chosun Ilbo (http://english.chosun.com)
NIS Denies Abducting N.Korean Waitresses
All 20 North Korean waitresses in a restaurant in Ningbo, China wanted to defect to South Korea early this month, but seven decided not to come because of their families back in the North, the National Intelligence Service here said Wednesday.
N.Korea Builds Cheong Wa Dae Dummy for Artillery Show
North Korea has recently built what is believed to be a replica of Cheong Wa Dae at a shooting range near Pyongyang in preparation for a live-fire drill. Military authorities here said that satellite pictures from early this month show the half-size replica.
Most Diesel Cars Sold in Korea Violate Emission Limits
Fourteen out of 16 diesel cars sold in Korea emit three to 10 times more nitrogen oxides than permitted, an investigation reveals. Nitrogen oxide gases are formed in all combustion engines and are a major source of air pollution.
Hankyoreh Shinmoon (http://english.hani.co.kr)
40 years of selfless service: a nun speaks publicly for the first time
Two nuns from Austria spent decades on Sorok Island treating Hansen’s patients who were shunned and isolated
Even as a lame duck, Pres. Park fails to communicate
The mood at the luncheon at the Blue House on Apr. 26 at which South Korean President Park Geun-hye hosted a group of newspaper editors-in-chief and newsroom directors was for the most part somber. Though the luncheon was supposed to last an hour and a half, it dragged on for two hours and 10 minutes.There was a series of questions of various kinds, and Park appeared to be making a genuine attempt to answer each of them. But for various reasons, I cannot say that she achieved consensus and agreement. Park still did not seem ready to communicate..
On N. Korean nuke issue, Pres. Park says there’s “no other way” but more pressure
On Apr. 26 President Park Geun-hye advocated a stern response to the possibility of a fifth nuclear test by North Korea.“I can think of no other way to prevent North Korea’s provocations by filling in all the holes and implementing stiffer sanctions,” she said. The “holes” in this case referred to various exceptions granted in the recently adopted United Nations Security Council Resolution 2270 (UNSCR 2270), which allows embargo exemptions on coal for “livelihood purposes.”.
Videos show right-wing groups as dutiful servants to the president
Video evidence has been found to document the dutiful servant role of the Korea Parent Federation (KPF) in meeting Park Geun-hye‘s needs with demonstrations and protests since her 2012 presidential campaign.A total of 375 videos documenting KPF activities between 2012 and Apr. 2016 are currently posted on the YouTube channel (tuney.kr/7L1LmX) of Jang Jae-gyun, 69, the group’s self-professed “sole beat reporter” in his work for the conservative and far-right internet sites Daily Korea and Click TV News.
Minjoo Party leader says comfort women agreement should be swiftly implemented
A backlash is expected after Kim Jong-in, leader of the Minjoo Party of Korea, said during a meeting with the Japanese ambassador to South Korea that the Dec. 28 comfort women agreement reached by the two countries should be quickly implemented. The remarks contradict the official position of the Minjoo Party, which has criticized the government for its rushed handling of the agreement and has called for the agreement to be renegotiated..
Korean-style restructuring system reaching its limit
On Apr. 13, the Wall Street Journal ran a story on its front page about how Peabody Energy, the US’s biggest coal company, had filed for bankruptcy protection in the US Bankruptcy Court in Missouri. The article described the company’s financial troubles and the situation of the industry. But it did not say anything about a meeting of the banks that had lent the company money or about the government making an effort to help the company get back on its feet.
JoongAng Ilbo (conservative): (http://koreajoongangdaily.joinsmsn.com/)
Jobs for youth, women are now gov’t priority
With the youth unemployment rate running over 10 percent and job opportunities at conglomerates shrinking, the government unveiled measures Wednesday to expand work possibilities for young people and women, including pregnant women…
Obama stresses a missile shield for Korean Peninsula
U.S. President Barack Obama said on Tuesday that Washington could “destroy” North Korea…
A four-day weekend doesn’t please everyone
The sudden possibility that Friday, May 6, may be designated a temporary holiday is producing…
QE mulled to save firms
As the corporate restructuring of shipbuilding and shipping companies suffocating under huge amounts…
GM Korea debuts all-new Malibu
General Motors Korea has released its all-new Malibu, a long-time best-selling sedan under its Chevrolet brand…
Overseas projects face stricter rules for loans
While there are growing debates on how state-run financial companies should finance the restructuring…
Samsung C&T reports huge operating losses
Samsung C&T, the nation’s fourth-largest company by market capitalization, posted a whopping 434.8 billion won…
Positive consumers shun gloom
Consumer confidence in Korea improved last month despite rising concerns over retreating economic growth…
The Kyunghyang Shinmoon (http://english.khan.co.kr/)
Prosecutors Question Shin Hyun-woo, Former CEO of Oxy, "Unaware of Hazards... Apology to the Victims"
Prosecutors questioned Shin Hyun-woo (68), former CEO of Oxy Reckitt Benckiser (currently, RB Korea), which manufactured and sold the humidifier disinfectant th···
President Claims, 'I Did Nothing Wrong'
On April 26, President Park Geun-hye referred to the results of the April 13 parliamentary elections, which ended in a defeat for the Saenuri Party, and said, ···
635,000 Worked for 'Passion Wages'
During the three years after the launch of the Park Geun-hye government, workers working for "passion wages (low wages compensated by an opportunity to gain ex···
The Korea Economic Daily (http://english.hankyung.com/)
Samsung Electronics' IM Division Posts Record-high 1Q Operating Profit
Samsung Electronics' IT and mobile division takes back the title of the company cash cow in the first quarter. Thanks to the brisk sales of the new Galaxy S7 smartphone, its first-quarter operating profit overtook that of semiconductor operations within the device solutions division first time in si...
ACRC Reviews Plan to Revise Anti-bribery Law-mandated Gift Limit upward to 100,000 Won
The Anti-corruption & Civil Rights Commission is currently reviewing a plan to revise details of the so-called Kim Young-ran law, the anti-bribery law which will go into effect from September this year, including the upper limit of gifts' value to be received by public officials on occasions of trad...
Samsung's Display Business Turns to 1Q Operating Loss of 270 Bil. Won
The display panel business within Samsung Electronics' device solutions division posted an operating loss of 270 billion won in the first quarter of this year. This is the first time for the unit to report a loss in two years since the first quarter of 2014 when it incurred a loss of 80 billion won....
FTC Levies 351.6 Bil. Won Fine on LNG Tank Bidding Collusion
The Fair Trade Commission imposed a fine of 351.6 billion won on a total of 13 construction firms for their collusion in 12 biddings for LNG storage tank construction orders placed between 2005 and 2012 by the state-run Korea Gas Corp. The commission announced on April 26 that it decided to levy a f...
Debt Ratio of Public Enterprises Hit 5 Year Low
The debt-to-equity ratio of Korea’s public enterprises fell to below 200 percent last year, hitting the lowest level in five years. This is attributable to the decline in their debts, driven by the Korean government’s active intervention to force down the debt. The Ministry of Strategy and Finance...
AJU Business Daily (http://eng.ajunews.com/korea)
South Korea president orders full investigation into Oxy
Protesters trample on Oxy products. [Yonhap News Photo] South Korean President Park Geun-hye ordered a thorough investigation Thursday into the deaths of dozens of pregnant women and infants wh…
Some 20 North Korean state restaurants abroad in limbo: Seoul
[Courtesy of Unification Ministry] ? South Korea's spy agency said Wednesday that North Korea has shut down or suspended operations at some 20 state-controlled restaurants abroad as internat…
Packaging Businesses Reduce Size of Their Businesses due to Worsened Situation of Memory Markets
South Korea¡?s rear-end businesses such as outsourcing packaging and testing businesses that have Samsung Electronics and SK Hynix as their major customers are reducing size of their businesses as mar
Development Project of First Private Manned Drones Finally Starts in...
Development project of manned drones from a private business perspective has also started in South Korea. South Korean businesses have thrown their hats into manned ...
LG Display Avoids Making Deficit in First Quarter
LG Display was able to break market¡?s expectation and avoided making operating deficit in first quarter. Although it was able to make surplus for 16 quarters ...
Maeil Business News Korea (http://www.pulsenews.co.kr/ )
Kia Motors’ net profit up 4.6% in Q1 on strong demand for its SUVs
Kia Motors Corp., South Korea’s second biggest automaker, posted a gain in its first-quarter profit on growing popularity of its sports utility vehicles (SUV) and favorable currency ...
Korean-style quantitative easing can bring breakthrough to Korean economy
During a meeting with chief editors of local newspapers and broadcasters on Tuesday, President Park Geun-hye said it’s time to ...
SK Hynix to beef up high-performance chip output to compensate for losses from
SK Hynix Inc., the world’s third largest semiconductor company, will ramp up high-performance chip-making after upset ...
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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.)