The Korean daily media headlines and humor
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The Korean daily media headlines and humor
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May 11, 2016

TheKorean daily media headlines and humor

Wednesday,May 11, 2016

Your Excellency:

Here are The KoreaPost notices and a roundup of important headlines from all major Korean-languagedailies, TV and other news media of Korea today:

/s/

Lee Kyung-sik

Publisher-Chairman

Korea Post Media

P.S.: 1. To see the desired site, press down the Controlkey and click the blue URL of the media.

2. If received by a person other than the intendedrecipient, please kindly convey the mail to His/Her Excellency.

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Invitation to the Dano Festival and preview of 2018 WinterOlympic Games venues

Your Excellency:

There are 27 (twenty-seven) days to the Dano Festival in Gangneung City on the picturesque East Coast andwe sent our invitation to Your Excellency yesterday to attend the most interestKorean folk festival.

Favorable response to the invitation is muchstronger than at other festivals.https://www.google.co.kr/search?q=dano festival korea&biw=1280&bih=900&tbm=isch&tbo=u&source=univ&sa=X&ved=0ahUKEwidt5PAp9HMAhWDJZQKHTE6CnAQsAQINw

Please make reservation for Your Excellency andMadam in advance as it is a very, very interesting traditional Korean folkfestival.

Here is re-run of our invitation we have emailedto Your Excellency:

I am pleased to inform Your Excellency that MayorChoi Myung-hee of the Gangneung City of the Gangwon Province cordially invitesYour Excellency and Madam to the Grand Gangneung Dano Festival & Preview of2018 Winter Olympics in Gangneung City on Wednesday June 8, 2016.

The Korea Post media fully covers the mostimportant event for publication by all its five media units (3 in English and 2in the Korean language).

Special Note: Each participating country will bebriefly introduced by the June 2016 issue of The Korea Post which will be deliveredto the host in advance of the day of the Tour.

The schedule is as follows:

0820 hours,Wedensday 8 June 2016: Meet at Grand Hyatt Seoul (near the Water Fountain).

0830-1130hours:Move from Seoul to the Sea Mark Hotel in Gangneung City.

1130-1138hours:Brief welcome ceremony, welcome address by Mayor Choi and return address by theDean of the visiting members of the Seoul Diplomatic Corps

1138-1140hours:Presentation of Plaque of Appreciation to the Mayor of the Gangneung City.(Plaque of Appreciation to be prepared by The Korea Post.)

1140-1200hours:Introduction to Dano Festival and Briefing on the Preparation of the 2018Winter Olympic Games

1200-1300hours:Attend luncheon hosted by Mayor and Mrs. Choi Myung-hee

1300-1500hours:Tour of the Olympic Park, attend Dano Festival rites.

1500 hours:Leave Gangneung for Seoul.

(A slight change could occur to the scheduledepending on the traffic situation of the day.)

Very Respectfully Yours

/s/

Lee Kyung-sik

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Specialnotices:

Sendyour latest Embassy news releases toTheKorea Post for publication

Your Excellency:

Send your latest press release(s) in Korean to (www.koreapost.co.kr) for immediate publication and inEnglish to korpost@chol.com.

They are published by the five media outlets of The Korea Post,including the Korean-language Internet newspaper, English website and theKorean-language newspaper (http://pdf.koreapost.co.kr/13/1301.pdf).

VeryRespectfully Yours

/s/

LeeKyung-sik

Publisher-Chairmanof The Korea Post

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IncludeThe Korea Post chairman in your Kakaotalk partner list for HOT NEWS!

Hispersonal mobile phone number is 010-5201-1740.

ChairmanLee has a lot of up-to-minute hot information to be shared with YourExcellency. Do your esteemed country a favor and bring the two greatcountries closer together using Chairman Lee Kyung-sik of The Korea Post, who owns and operates five print and Internet newsmedia, including Korean-languagewww.koreapost.co.kr, English www.koreapost.com and Korean-languagenewspaper http://pdf.koreapost.co.kr/14/1401.pdf. Use Chairman Lee and hisfive news outlets for the sake of your great country!

Manyambassadors are already Kakaotalk news sharers with Chairman Lee!

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Aquick roundup of major news stories from the Korean media today:

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

AprilYouth Jobless Rate Hits Record High

South Korea'soverall unemployment rate fell last month from a year earlier, but the youthjobless rate peaked to its highest ever.

FloorLeader Chung to Head Saenuri Emergency Committee

The rulingSaenuri Party has decided to elect its Floor Leader Chung Jin-suk as the headof its emergency committee.

World’sNo. 1 Shipbuilder HHI Mulls Downsizing Operations

Anchor: SouthKorean shipbuilder Hyundai Heavy Industries is considering closing some of itsten shipbuilding docks. Over the last 40 years, the world's largest shipbuilderhas never left its shipyards idle. The company has signed only five ship ordersthis year, which is only a tenth of the number of contracts it inked two yearsago.

Park:Visits to Mexico, Iran Momentum for Economic Growth

FloorLeader Chung to Head Saenuri Emergency Committee

S.Korea, Russia Vow to Improve Cooperation on Disaster Relief Work

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

Mariners'Lee Dae-ho hits 5th homer of season

Lee Dae-ho of theSeattle Mariners hit his fifth home run of the season against the Tampa BayRays at home on Tuesday (local time).

AirForce ready to operate locally built planes to train pilots

South Korea'sAir Force said Wednesday that it has completed all necessary preparations touse locally built planes for its future pilots, a move that can improve flighttraining and cut costs.

Jaguar,Toyota to recall nearly 7,000 cars in S. Korea

Nearly 7,000Jaguar, Landrover and Toyota vehicles will be recalled in South Korea forvarious problems that could lead to fatal accidents, the transportationministry said Wednesday.

Prosecutorsplace travel ban on former chiefs of Daewoo Shipbuilding

Two formerheads of Daewoo Shipbuilding & Marine Engineering Co., a major South Koreanshipbuilder, are subject to a travel ban over investigation into huge lossesthe company suffered, industry sources said Wednesday.

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

Debatecontinues over anticorruption act

Controversyremains high over the effectiveness of the newly approved anticorruption lawdesigned to better tackle graft...

K-poppowerhouses looking to take a bite out of culinary world

Hallyucontinues to forge ahead around the globe, with K-pop powerhouses unrelentingin finding...

Englishimmersion still prevalent at private schools

A34-year-old teacher surnamed Park at a private elementary school in centralSeoul witnesses y...

NPSto up global equity investment

Korea’sNational Pension Service, which manages the world’s third-largest pension fund,said ...

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The KoreaTimes (http://www.koreatimes.co.kr)

MITadds Korean to regular language courses 

“Koreanlanguage courses are indeed officially being added to MIT’s current languagecourse offeri...

Korea'shousehold debt grew but still manageable: IMF 

Interest ratecuts and loosened government regulations on mortgage loans were responsible forthe recent surge in Korea’s household debt, the International Mo... 

Obamato visit Hiroshima; not sign of apology for nuke bombing 

U.S. PresidentBarack Obama will visit the Japanese city of Hiroshima later this month, makinghim... 

Anti-corruptionlaw faces constitutional hurdle 

Will theanti-graft law go into effect as scheduled in September? This is reallymind-boggling to ...

Smokingrate below 40% for first time 

The smokingrate among male Korean adults dropped below 40 percent in 2015 for the firsttime since 1998 when the government began to compile related data.

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Dong AIlbo (http://english.donga.com)

N.Korean leader's sister promoted to member of party central committee

At a massrally in Pyongyang on Tuesday morning celebrating the conclusion of the seventhcongress of North Korea's ruling Worker…

Clintonsupporters are outcasts in US colleges

Walk aroundany college campus in the U.S, and you’re likely to see many Bernie T-shirts insupport of Bernie Sanders, a Democrat…

Mobileweb contents are getting ever shorter

YouTube onApril 26 released a six-second ad format called "Bumper" that doesn'tallow skipping and people have to watch it for s…

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Chosun Ilbo (http://english.chosun.com)

Kim Jong-un's Sister Further ConsolidatesPower

North Korean leader Kim Jong-un's younger sister Yeo-jongwas elected to the Workers Party's central committee at the party congress thatcame to an end on Monday. Kim Yeo-jong was 42nd on a list of 129 members of thecommittee.

Xi Congratulates Kim Jong-un on Grand NewPost

Chinese President Xi Jinping sent North Korean leader KimJong-un a message congratulating him on becoming chairman of the Workers Partyover the weekend. But contrary to claims in the North Korean state media, Xipointedly stopped short of calling Kim "comrade." 

Fewer Men Smoke

Smoking declined to less than 40 percent of the adultmale population for the first time last year. The rate has roughly halved since1980, when it was nearly 80 percent. The Ministry of Health and Welfare onTuesday said the smoking rate among men was 39.3 percent in 2015.

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Hankyoreh Shinmoon (http://english.hani.co.kr)

SouthKorean military announces response to North Korea’s two-track approach

After NorthKorea’s party congress, South Korea moving ahead with “kill chain” and KoreanAir and Missile Defense

Atcongress, North Korea reaffirms two-track approach

The full textof a business summation report from North Korea‘s seventh Korean Workers’ Party(KWP) congress was published on May 9 in the Rodong Sinmun newspaper.In it,North Korea states its plans to “permanently adopt a strategic two-track courseof building of the economy and nuclear capabilities and further strengthendefensive nuclear arms,” as per the policy course stated by leader Kim Jong-unin his congress decision statement from a meeting during the congress’s thirdday on May 8.

Atparty congress, Kim Jong-un named Workers’ Party Chairman

Kim Jong-unwas elected chairman of the Korean Workers‘ Party (KWP) during its seventhcongress on May 9, Japan’s NHK network reported from Pyongyang. The fact wasannounced that day by the congress‘s chairman, Supreme People’s Assemblypresidium president Kim Yong-nam, at a conference hall where members of theforeign press were granted access, the network said.

NorthKorea gives BBC reporter the boot for “distorted” reporting

On May 9,North Korea expelled a BBC correspondent for what it claimed were distorted andfabricated reports about the situation in the North, but it did not go intodetails about what reports were at issue. There is speculation that anunflattering description of North Korean leader Kim Jong-un contained in areport that the correspondent, named Rupert Wingfield-Hayes, made fromPyongyang on Apr. 29 was probably what bothered North Korea.

Questionshovering over Blue House’s claimed deals with Iran

The initialstory that President Park Geun-hye told about construction projects she claimedas the accomplishments of her summit with Iran is being called into questionfollowing the news that MOUs (memoranda of understanding) have not been signedfor some of them and that others may ultimately be awarded to Iraniancompanies. This is likely to lead to further criticism that the Blue Houseinflated its claims of economic deals worth US$37.1 billion.

KaesongComplex tenant companies file Constitutional Court petition over closure

On May 9,Kaesong Industrial Complex tenant companies asked the Constitutional Court toreview the government’s decision to shut down the complex. Before submittingtheir petition at the Constitutional Court on Monday, the tenant companies helda press conference in front of the court, in Seoul’s Jongno district.

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JoongAng Ilbo (conservative): (http://koreajoongangdaily.joinsmsn.com/)

KimJong-un is made chairman of Workers’ Party

North Korea onMonday named Kim Jong-un as chairman of the Workers’ Party of Korea (WPK), in amove to further cement his grip on power. Kim’s appointment came on the lastday of the Communist country’s biggest political gathering, held for the firsttime in 36 years, with over 3,000 participants unanimously supporting themotion…

NatureRepublic CEO’s lawyer is in hot water

Prosecutorsarrested a lawyer Monday night for allegedly taking bribes from the imprisonedCEO…

State-runbanks feel reform heat from FSC

The governmentstarted pressuring state-run financial companies to implementperformance-based…

Shipbuildingindustry goes dark

The golden ageof the Korean shipbuilding industry appears to have long since lost its glow…

Spiralingjeonse prices push renters to limit

Mr. Choi, whois living in an 84-square-meter (904-square-foot) apartment in SeongbukDistrict, northern Seoul, through a jeonse, or lump-sum deposit rentalcontract, is worried about extending his lease deal when it expires soon.

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

KimJong-un's New Title, Chairman of the Workers' Party of Korea

Korean CentralTV reported that First Secretary of the Workers' Party of Korea Kim Jong-un waspromoted to "chairman” of the party at the 7th party congress ···

FormerOxy CEO Resummoned to Investigate Possible 'Negligence of Safety,' ProsecutorsExpected to Request a Warrant

The specialinvestigation team of the Seoul Central District Prosecutors' Office summonedShin Hyun-woo (68), former CEO of Oxy Reckitt Benckiser (currently RB···

KimJong-un Calls for Peace and 'Global Denuclearization' While Keeping a Firm Gripon Nuclear Weapons

There were notraces of a search for new political and economic policies at the 7th Congressof the Workers' Party of Korea, a party congress held for the firs···

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The KoreaEconomic Daily (http://english.hankyung.com/)

TheBorn Korea: Hidden Champion of Franchise Business

Millions ofpeople know of Baek Jong-won from so many TV food programs nowadays. But notmany people can associate him with The Born Korea, the holding company ofBaek's sprawling restaurant franchises. Established in 1993 as a tinyrestaurant in Seoul's Gangnam, the company has now surpassed sales ... 

EnvironmentMinistry Wastes 650 Bil. Won on Ineffective Programs to Cut Fine Dust

The basic planto control the atmospheric environment in the Seoul metropolitan area currentlyimplemented by the Ministry of Environment to reduce pollutants such asultra-fine dust turned out to be full of loopholes. A government audit revealedthat there were so many errors in the ministry's plan...

AprilYouth Jobless Rate Hits All-time High Since 1999

The number ofthe youth unemployed aged between 15 and 29 has shot up to an all-time high inApril this year. The number of net employment increases for the month hasfallen short of less than 300,000. According to a report "April 2016Employment Trend" published by the National Statistical Office o...

SKGroup Chairman Meets Prime Minister of Kuwait

Chey Tae-won,chairman of SK Group, met Jaber Al-Mubarak Al-Hamad Al-Sabah, the PrimeMinister of Kuwait, at Four Seasons Hotel in Seoul on May 10. During themeeting, they discussed about how to promote cooperation in the areas ofenergy, chemical, new energy resources, and infrastructure construct...

KimYoung-ran Law May Cut Food Service Industry's Annual Sales by 4.15 Tril. Won

The KoreaFoodservice Industry Research Institute, which is under the umbrella of theKorea Foodservice Industry Association, estimated on May 10 that the passage ofthe anti-bribery law, better known as the "Kim Yong-ran law," wouldlead to a 4.15-trillion-won decline in annual sales of the nation'...

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AJUBusiness Daily (http://eng.ajunews.com/korea)

SouthKorea reports 5th confirmed case of Zika virus 

The fifth caseof Zika virus infection in South Korea has been found in a man in his 30s whorecently came back from a business trip to the Philippi… 

SouthKorea military probes suspected hacking of warship builder 

ROKS Dokdo[Courtesy of Hanjin Heavy Industries] South Korea's military opened aninvestigation Tuesday to see if North Korea was behind a suspected cyber attackon Hanjin Heavy Industries … 

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

AutomotiveBlack Boxes with e-Call Function to Be Commercialized

Automotiveblack boxes that are equipped with e-Call function is soon to be released. Onecan send a request for rescue even when he or she lost consciousness or is in asituation where he or she is 

SamsungPayImplements Phone to Phone Payment at Gas Stations

Korea NFCstarted demonstration service of ¡®Phone to Phone Payment¡?, which allowspayments to take place through 2 Smartphones without having a ...

CEOof PetaLux Develops New Material That Will Chang...

¡°Petafrom PetaLux indicates 1015, which is equal to 1 quadrillion, and Lux indicatesbrightness of light. PetaLux pursues bright light that is unrealistic ...

Read the fullstory

SouthKorean Artificial Intelligence Go System to Compete against Human

AI (ArtificialIntelligence) Go system called ¡®Dol Baram¡?, which was

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Maeil BusinessNews Korea (http://www.pulsenews.co.kr/ )

Korea’sDoosan E&C sells steam generator business to General Electric for $256M

Korea’s DoosanEngineering and Construction announced Tuesday that it signed a deal to sellits heat recovery steam generator (HRSG) division to General Electric Co.of theUnited States ...

Samsungto launch fitness tracking wristband Gear Fit 2 next month

SamsungElectronics Co., South Korea’s tech giant is set to release its healthcaretracking smartband Gear Fit 2 as early as ...

Zero-toleranceanti-graft law to be introduced in Korea from September

Acontroversial anti-corruption law that can entirely change the Korean businessculture and socializing ways has been ...

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The Korea Post is at your service.

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

The KoreaPost, established 31 years ago in 1985, operates five news media outlets, twoin the Korean language and three in English. They are all at your service. Youcan email all your English and Korean press releases and feedback for freepublication to edt@koreapost.comor korpost@chol.com.The five media outlets are:

(1) A Koreanprint newspaper (http://www.koreapost.co.kr/pdf/list.php),

(2) A KoreanInternet (www.koreapost.co.kr),

(3) An EnglishInternet (www.koreapost.com),

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

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

Sendyour news releases and feedback:

Send theEmbassy news releases to edt@koreapost.comforpublication 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 forfurther details.)

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