May 12, 2016

TheKorean daily media headlines and humor

Thursday,May 12, 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.

--------------------------------------------------------------------------------------------------------

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

Your Excellency:

There are 26 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

/news/view.html?smode=&skey=Dano&x=25&y=9§ion=161&category=181&no=1277

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 bedelivered to 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 TheKorea 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

--------------------------------------------------------------------------------------------------------

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

--------------------------------------------------------------------------------------------------------

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!

--------------------------------------------------------------------------------------------------------

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

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

Parkto Visit 3 African Nations, France 

Anchor: Thepresident will tour Ethiopia, Uganda, Kenya to forge a blueprint on SouthKorea's cooperation with Africa later this month. President Park Geun-hye willreveal her vision at the African Union while delivering a speech. She will thenhead to France for a state visit.

Seoul:Obama's Hiroshima Visit in Line with Establishing "World without NuclearWeapons"

Seoul'sForeign Ministry has positively evaluated United States President BarackObama's planned visit to Hiroshima, Japan, where the U.S. first used an atomicbomb at the end of the Second World War.

AirForce Ready to Operate Locally Built KT-100 Trainer

South Korea’sAir Force has completed preparations to operate its locally built basic trainerKT-100.

NukeEnvoys of S. Korea, US, Japan Agree to Strengthen Pressure on N. Korea

Seoul:Obama's Hiroshima Visit in Line with Establishing "World without NuclearWeapons"

Parkto Visit 3 African Nations, France

--------------------------------------------------------------------------------------------------------

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

Battingcleanup is 'dream come true' for emerging slugger

After fiveyears in the baseball netherworld, Kim Jae-hwan of the Doosan Bears is finallyenjoying a breakout season.

22short track skaters and coaches charged with illegal gambling

A slew of shorttrack speed skaters and coaches have been charged with allegedly placingillegal bets on sports games online, the police said Thursday.

HyundaiMotor's subcontractors to hire 18,000 new workers this year

Subcontractorsof Hyundai Motor Group, South Korea's auto giant, plan to employ about 18,000new workers this year, providing a much-needed boost for the country's slumpingjob market, industry sources and company officials said Thursday.

ActorJang Keun-suk to attend int'l film festival as director

South Koreanactor Jang Keun-suk has directed a film that will be featured in aninternational film festival opening in July, his publicist said Thursday.

--------------------------------------------------------------------------------------------------------

The KoreaHerald (http://www.koreaherald.com)

Parkcalls for export diversification

President ParkGeun-hye said Wednesday that South Korea should up its efforts in pioneeringnew overseas markets, underl...

Arrestsought for Oxy officials

Prosecutors onWednesday sought for the arrest of four former and incumbent officials of thema...

Youthunemployment, aging demographics weigh down Korea

The Koreaneconomy is facing pressure from all sides that will make it harder to sustaingrowth...

Koreaboosts community-driven rural development in Uganda

KAMPALA/MPIGI/MUGONGO,UGANDA -- “I work first! I serve first! I sacrifice first!”About 35 co...

--------------------------------------------------------------------------------------------------------

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

Corporaterestructuring drifts on wayward QE 

Government andpolitical pressure on the Bank of Korea to adopt a Korean version ofquantitative easing (QE) has resulted in the slowing corporate restructuri...

SMGto include workers on boards at affiliated companies 

The SeoulMetropolitan Government (SMG) plans to have representatives of workers on theboards of directors at 15 of its affiliated corporations, for the firs... 

MITadds Korean to regular language courses 

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

Allnot so fair in love and marriage fraud 

Recently, aman who pretended to be a Harvard-graduated interpreter deceived some women tomarry him and swindled them out of tens of millions of won.

Seoulfaces escalating US pressure to appreciate won 

The recentU.S. designation of Korea as one of the five countries to watch in terms offoreign exchange policy is increasing pressure to appreciate the won, a...

--------------------------------------------------------------------------------------------------------

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

U.S.,Japan set for historic reconciliation

A historicreconciliation between the United States and Japan that fought against each otherin World War II is gaining momentum.…

HyundaiGenesis, Sonata appear in superhero movies

Hyundai Motoris implementing a marketing strategy to win the American market by using superhero movies.Hyundai has reportedly b…

Bookreview: Parody cookbook 'Fifty Shades of Chicken'

"I wantto cook you," he whispers. "Whole." Oh my. I’m heating from theinside out.Don't get this wrong. This is an excerpt from …

-------------------------------------------------------------------------------------------------------

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

Fewer Chinese Come to Korea for PlasticSurgery

The plastic-surgery tourism boom in Korea appears to bewaning with the number of Chinese customers shrinking from its peak of over79,000 in 2014. The streets of the affluent Gangnam area where the plasticsurgery clinics cluster are virtually empty.

100 More Battle Tanks to Be Stationed AlongDMZ

The government plans to produce 100 more state-of-the-art K-2 Black Panther tanks and station themalong the border with North Korea, it emerged Wednesday. The original plan wasto build 200 K-2 tanks, but the military says it decided on the additional lotto counter North Korea's deployment of new tanks. 

Fast-Track Lanes at Incheon Airport Open toMore Users

More passengers will be able to use fast-track boardinglanes at Incheon International Airport from July. The Ministry of Land,Infrastructure and Transport said Wednesday that the age of eligibility forexpress lanes will be reduced from 80 to 70.

-------------------------------------------------------------------------------------------------------

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

N.Korea party congress yields no surprising appointments

Mostappointments appear to focus on the economy; Kim’s younger sister’s title notyet clear

S.Korea not using government budget to support comfort women foundation

The SouthKorean government has reportedly adopted an internal policy of not using itsbudget to fund the establishment of a foundation to support comfort womensurvivors.The foundation is scheduled to be established during the first halfof this year in accordance with an agreement reached by Seoul and Tokyo on thecomfort women issue last Dec. 28.

Whyhave Korean victims of humidifier disinfectant not received compensation?

A Missouricourt ruled on May 3 to order the company Johnson and Johnson to pay US$55million (around 64.3 billion won) in damages in a suit filed by family membersof a woman in her sixties who contracted ovarian cancer after using itsproducts. The total amounted to US$5 million in compensation and US$50 millionin punitive damages.

Togive workers a voice, Seoul city to introduce labor director system

On May 10,Seoul Metropolitan Government published a detailed plan for the labor directorsystem that it will be introducing. While this system may sound unfamiliar toSouth Koreans, it is currently in use in many European countries.The EuropeanUnion’s Charter of Fundamental Rights recognizes the right of workers toreceive information about and to deliberate their companies’ social andeconomic decisions.

EightS. Korean companies on list of global tax evaders

A list ofcompanies evading taxes around the world was made public this week, with eightSouth Korean firms included among them.On May 9, the International Consortium ofInvestigative Journalists (ICIJ) posted a list and database on its web pageincluding close to 214,000 offshore businesses, trust companies, foundations,and funds from the recent Panama Papers, a collection of documents on taxhavens.

SouthKorean kids get just 34 minutes of outside play time a day

Children inSouth Korea spend an average of just 34 minutes outside each day, which is lessthan 30% of the time spent by children in the US, a study found.“In our studyof exposure factors for South Korean children - including the time they spendin each place, the amount of food that they eat and their respiratory rate -children between the ages of three and nine spend an average of 34 minutesoutside per day, which is just 29% of the 1 hour and 59 minutes spent bychildren in the US,”

--------------------------------------------------------------------------------------------------------

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

Chinesebanks expand footprintIn

June 2014, theKorean financial industry was shaken up when Taiwanese brokerage firm YuantaSecurities bought Korean firm Tongyang Securities, an established top-drawerlocal securities company, for roughly 300 billion won ($256 million). It wasnot the first attempt by the Taiwanese brokerage to buy its way into the Koreanmarket…

Rotaryconvention will bring 25,000 to Korea

The world’slargest civic outreach group, Rotary International, will hold its biggest-everconvention…

Siblingsstab dad to death on Parents’ Day

A recent caseof parricide in Gwangju, in which a brother and sister allegedly stabbed theirfather…

C-Festivalproves to be a spectacular triumph

The five-dayC-Festival at COEX, in southern Seoul last week had an estimated economicimpact…

Joblessnessamong youth grows

Korea’s labormarket continues to drag its heels, especially for people in their 20s, whilethe youth unemployment…

--------------------------------------------------------------------------------------------------------

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

TheShadow Cast over Kim Jong-un's North Korea after the Closing of the 7th PartyCongress

The 7thCongress of the Workers' Party of Korea closed in North Korea. The four-daycongress imprinted at home and abroad the fact that Kim Jong-un's power ba···

Lookingback on the Days of Oldboy: 'Cannes Park' and the Rookies, “We Were Crazy BackThen”

Director ParkChan-wook's fifth feature-length film, Oldboy was released in November 2003.This film, part of the "Vengeance Trilogy" along with Sympathy for···

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 ···

--------------------------------------------------------------------------------------------------------

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

InvestorsShifting toward Commercial Property Market in Droves

Investors areflocking to commercial real estate properties in Seoul and major cities out ofthe Seoul metropolitan area. In some potentially promising commercialdistricts, the final selling price is more than twice the original offer priceand for some commercial property sites that host both comm... 

CJHit with Lawsuits by Japan's Ajinomoto for Its Tryptophan Production Technology

CJ CheilJedangwas hit with lawsuits in the United States and Germany for the productiontechnology of its "tryptophan," the amino acid for livestock feed.According to company sources on May 11, Ajinomoto Inc. of Japan raised suitsagainst CJ CheilJedang with the International Trade Commission of t...

Gov’tCollects 14 Tril. Won More Taxes in 1Q

The amount oftaxes collected by the Korean government during the first quarter of this yearwas 14 trillion won higher than a year ago. This is attributable mainly to theincrease in corporate taxes from listed companies which showed improvement inperformances last year due to restructuring and co...

3Bidders Take Part in Dongah Construction Deal

Three bidders,including Samra Midas Group and the Shinil consortium, have taken part in themain bidding for Dongah Construction which is currently in a workout program.According to investment banking sources on May 11, today's main bidding held bythe court and the principal underwriter Samil Pri...

TheBorn Korea Grows at Rapid Pace, with Operating Profit to Sales Ratio Estimatedat 8.8%

The Born Koreais regarded as one of the few companies in the Korean food service industrywhich have strong financial standing. As of the end of 2015, its asset valuetotaled 70.8 billion won, including its own capital of 25.0 billion won. Itsdebt-to-equity ratio remains low at around 180 percent....

 --------------------------------------------------------------------------------------------------------

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

Prosecutorsseek arrest warrant for former Oxy officials  

Prosecutorssought a court-issued warrant Wednesday to arrest a former chief and two othersfrom the South Korean unit of a British company on manslaughter charges in ani… 

NorthKorean hydropower dam leaking shortly after completion  

A North Koreanhydropower plant, which has been touted by North Korean leader Kim Jong-un asone of the major accomplishments of the communist country, started to leak shor… 

--------------------------------------------------------------------------------------------------------

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

Establishmentof KT 5G Development Forum

KT haslaunched ¡®KT 5G Development Forum¡? to make 5G come true during PyeongchangWinter Olympics in 2018. This forum has set a goal of co-development tocommercialize and service

TechnologyThat Increases Strength of Carbon Fiber by 50% Is Develop...

A technologythat increases strength of carbon fiber, which is used to make vehicles andaircrafts lighter while making them more resistant than steel, by 50% isdevel...

CrucialTecto Supply BTP to Huawei for Honor V8  May12, 2016 Share 

CrucialTec(CEO An Geon-joon and CEO Kim Jong-bin) made an announcement on the 11th thatit will be supplying fingerprint recognition module called BTP (Biometric ...

SamsungPayImplements Phone to Phone Payment at Gas Stations  May 11, 2016 Share 

Korea NFCstarted demonstration service of ¡®Phone to Phone

--------------------------------------------------------------------------------------------------------

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

Korea’sHanjin Heavy Industries enters workout agreement with creditors

South Korea’soldest shipbuilder Hanjin Heavy Industries & Construction Co. enters jointmanagement with creditors after it signed workout agreement with its creditorgroup on ...

Korea’sNPS blacklists stingy dividend-paying companies

South Korea’sstate-run and single largest institutional player National Pension Service(NPS) has decisively upped ...

S.Korean banks tap CoCo bonds in a bid to bolster capital

With greaterneed to set aside loss reserves once corporate restructuring picks up speed,Korean banks are tapping into the ...

--------------------------------------------------------------------------------------------------------

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 free publicationto 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.)

-------------------------------------------------------------------------------------------------------TheKorean daily media headlines and humor

Thursday,May 12, 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.

--------------------------------------------------------------------------------------------------------

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

Your Excellency:

There are 26 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

/news/view.html?smode=&skey=Dano&x=25&y=9§ion=161&category=181&no=1277

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 bedelivered to 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 TheKorea 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

--------------------------------------------------------------------------------------------------------

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

--------------------------------------------------------------------------------------------------------

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!

--------------------------------------------------------------------------------------------------------

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

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

Parkto Visit 3 African Nations, France 

Anchor: Thepresident will tour Ethiopia, Uganda, Kenya to forge a blueprint on SouthKorea's cooperation with Africa later this month. President Park Geun-hye willreveal her vision at the African Union while delivering a speech. She will thenhead to France for a state visit.

Seoul:Obama's Hiroshima Visit in Line with Establishing "World without NuclearWeapons"

Seoul'sForeign Ministry has positively evaluated United States President BarackObama's planned visit to Hiroshima, Japan, where the U.S. first used an atomicbomb at the end of the Second World War.

AirForce Ready to Operate Locally Built KT-100 Trainer

South Korea’sAir Force has completed preparations to operate its locally built basic trainerKT-100.

NukeEnvoys of S. Korea, US, Japan Agree to Strengthen Pressure on N. Korea

Seoul:Obama's Hiroshima Visit in Line with Establishing "World without NuclearWeapons"

Parkto Visit 3 African Nations, France

--------------------------------------------------------------------------------------------------------

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

Battingcleanup is 'dream come true' for emerging slugger

After fiveyears in the baseball netherworld, Kim Jae-hwan of the Doosan Bears is finallyenjoying a breakout season.

22short track skaters and coaches charged with illegal gambling

A slew of shorttrack speed skaters and coaches have been charged with allegedly placingillegal bets on sports games online, the police said Thursday.

HyundaiMotor's subcontractors to hire 18,000 new workers this year

Subcontractorsof Hyundai Motor Group, South Korea's auto giant, plan to employ about 18,000new workers this year, providing a much-needed boost for the country's slumpingjob market, industry sources and company officials said Thursday.

ActorJang Keun-suk to attend int'l film festival as director

South Koreanactor Jang Keun-suk has directed a film that will be featured in aninternational film festival opening in July, his publicist said Thursday.

--------------------------------------------------------------------------------------------------------

The KoreaHerald (http://www.koreaherald.com)

Parkcalls for export diversification

President ParkGeun-hye said Wednesday that South Korea should up its efforts in pioneeringnew overseas markets, underl...

Arrestsought for Oxy officials

Prosecutors onWednesday sought for the arrest of four former and incumbent officials of thema...

Youthunemployment, aging demographics weigh down Korea

The Koreaneconomy is facing pressure from all sides that will make it harder to sustaingrowth...

Koreaboosts community-driven rural development in Uganda

KAMPALA/MPIGI/MUGONGO,UGANDA -- “I work first! I serve first! I sacrifice first!”About 35 co...

--------------------------------------------------------------------------------------------------------

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

Corporaterestructuring drifts on wayward QE 

Government andpolitical pressure on the Bank of Korea to adopt a Korean version ofquantitative easing (QE) has resulted in the slowing corporate restructuri...

SMGto include workers on boards at affiliated companies 

The SeoulMetropolitan Government (SMG) plans to have representatives of workers on theboards of directors at 15 of its affiliated corporations, for the firs... 

MITadds Korean to regular language courses 

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

Allnot so fair in love and marriage fraud 

Recently, aman who pretended to be a Harvard-graduated interpreter deceived some women tomarry him and swindled them out of tens of millions of won.

Seoulfaces escalating US pressure to appreciate won 

The recentU.S. designation of Korea as one of the five countries to watch in terms offoreign exchange policy is increasing pressure to appreciate the won, a...

--------------------------------------------------------------------------------------------------------

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

U.S.,Japan set for historic reconciliation

A historicreconciliation between the United States and Japan that fought against each otherin World War II is gaining momentum.…

HyundaiGenesis, Sonata appear in superhero movies

Hyundai Motoris implementing a marketing strategy to win the American market by using superhero movies.Hyundai has reportedly b…

Bookreview: Parody cookbook 'Fifty Shades of Chicken'

"I wantto cook you," he whispers. "Whole." Oh my. I’m heating from theinside out.Don't get this wrong. This is an excerpt from …

-------------------------------------------------------------------------------------------------------

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

Fewer Chinese Come to Korea for PlasticSurgery

The plastic-surgery tourism boom in Korea appears to bewaning with the number of Chinese customers shrinking from its peak of over79,000 in 2014. The streets of the affluent Gangnam area where the plasticsurgery clinics cluster are virtually empty.

100 More Battle Tanks to Be Stationed AlongDMZ

The government plans to produce 100 more state-of-the-art K-2 Black Panther tanks and station themalong the border with North Korea, it emerged Wednesday. The original plan wasto build 200 K-2 tanks, but the military says it decided on the additional lotto counter North Korea's deployment of new tanks. 

Fast-Track Lanes at Incheon Airport Open toMore Users

More passengers will be able to use fast-track boardinglanes at Incheon International Airport from July. The Ministry of Land,Infrastructure and Transport said Wednesday that the age of eligibility forexpress lanes will be reduced from 80 to 70.

-------------------------------------------------------------------------------------------------------

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

N.Korea party congress yields no surprising appointments

Mostappointments appear to focus on the economy; Kim’s younger sister’s title notyet clear

S.Korea not using government budget to support comfort women foundation

The SouthKorean government has reportedly adopted an internal policy of not using itsbudget to fund the establishment of a foundation to support comfort womensurvivors.The foundation is scheduled to be established during the first halfof this year in accordance with an agreement reached by Seoul and Tokyo on thecomfort women issue last Dec. 28.

Whyhave Korean victims of humidifier disinfectant not received compensation?

A Missouricourt ruled on May 3 to order the company Johnson and Johnson to pay US$55million (around 64.3 billion won) in damages in a suit filed by family membersof a woman in her sixties who contracted ovarian cancer after using itsproducts. The total amounted to US$5 million in compensation and US$50 millionin punitive damages.

Togive workers a voice, Seoul city to introduce labor director system

On May 10,Seoul Metropolitan Government published a detailed plan for the labor directorsystem that it will be introducing. While this system may sound unfamiliar toSouth Koreans, it is currently in use in many European countries.The EuropeanUnion’s Charter of Fundamental Rights recognizes the right of workers toreceive information about and to deliberate their companies’ social andeconomic decisions.

EightS. Korean companies on list of global tax evaders

A list ofcompanies evading taxes around the world was made public this week, with eightSouth Korean firms included among them.On May 9, the International Consortium ofInvestigative Journalists (ICIJ) posted a list and database on its web pageincluding close to 214,000 offshore businesses, trust companies, foundations,and funds from the recent Panama Papers, a collection of documents on taxhavens.

SouthKorean kids get just 34 minutes of outside play time a day

Children inSouth Korea spend an average of just 34 minutes outside each day, which is lessthan 30% of the time spent by children in the US, a study found.“In our studyof exposure factors for South Korean children - including the time they spendin each place, the amount of food that they eat and their respiratory rate -children between the ages of three and nine spend an average of 34 minutesoutside per day, which is just 29% of the 1 hour and 59 minutes spent bychildren in the US,”

--------------------------------------------------------------------------------------------------------

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

Chinesebanks expand footprintIn

June 2014, theKorean financial industry was shaken up when Taiwanese brokerage firm YuantaSecurities bought Korean firm Tongyang Securities, an established top-drawerlocal securities company, for roughly 300 billion won ($256 million). It wasnot the first attempt by the Taiwanese brokerage to buy its way into the Koreanmarket…

Rotaryconvention will bring 25,000 to Korea

The world’slargest civic outreach group, Rotary International, will hold its biggest-everconvention…

Siblingsstab dad to death on Parents’ Day

A recent caseof parricide in Gwangju, in which a brother and sister allegedly stabbed theirfather…

C-Festivalproves to be a spectacular triumph

The five-dayC-Festival at COEX, in southern Seoul last week had an estimated economicimpact…

Joblessnessamong youth grows

Korea’s labormarket continues to drag its heels, especially for people in their 20s, whilethe youth unemployment…

--------------------------------------------------------------------------------------------------------

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

TheShadow Cast over Kim Jong-un's North Korea after the Closing of the 7th PartyCongress

The 7thCongress of the Workers' Party of Korea closed in North Korea. The four-daycongress imprinted at home and abroad the fact that Kim Jong-un's power ba···

Lookingback on the Days of Oldboy: 'Cannes Park' and the Rookies, “We Were Crazy BackThen”

Director ParkChan-wook's fifth feature-length film, Oldboy was released in November 2003.This film, part of the "Vengeance Trilogy" along with Sympathy for···

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 ···

--------------------------------------------------------------------------------------------------------

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

InvestorsShifting toward Commercial Property Market in Droves

Investors areflocking to commercial real estate properties in Seoul and major cities out ofthe Seoul metropolitan area. In some potentially promising commercialdistricts, the final selling price is more than twice the original offer priceand for some commercial property sites that host both comm... 

CJHit with Lawsuits by Japan's Ajinomoto for Its Tryptophan Production Technology

CJ CheilJedangwas hit with lawsuits in the United States and Germany for the productiontechnology of its "tryptophan," the amino acid for livestock feed.According to company sources on May 11, Ajinomoto Inc. of Japan raised suitsagainst CJ CheilJedang with the International Trade Commission of t...

Gov’tCollects 14 Tril. Won More Taxes in 1Q

The amount oftaxes collected by the Korean government during the first quarter of this yearwas 14 trillion won higher than a year ago. This is attributable mainly to theincrease in corporate taxes from listed companies which showed improvement inperformances last year due to restructuring and co...

3Bidders Take Part in Dongah Construction Deal

Three bidders,including Samra Midas Group and the Shinil consortium, have taken part in themain bidding for Dongah Construction which is currently in a workout program.According to investment banking sources on May 11, today's main bidding held bythe court and the principal underwriter Samil Pri...

TheBorn Korea Grows at Rapid Pace, with Operating Profit to Sales Ratio Estimatedat 8.8%

The Born Koreais regarded as one of the few companies in the Korean food service industrywhich have strong financial standing. As of the end of 2015, its asset valuetotaled 70.8 billion won, including its own capital of 25.0 billion won. Itsdebt-to-equity ratio remains low at around 180 percent....

 --------------------------------------------------------------------------------------------------------

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

Prosecutorsseek arrest warrant for former Oxy officials  

Prosecutorssought a court-issued warrant Wednesday to arrest a former chief and two othersfrom the South Korean unit of a British company on manslaughter charges in ani… 

NorthKorean hydropower dam leaking shortly after completion  

A North Koreanhydropower plant, which has been touted by North Korean leader Kim Jong-un asone of the major accomplishments of the communist country, started to leak shor… 

--------------------------------------------------------------------------------------------------------

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

Establishmentof KT 5G Development Forum

KT haslaunched ¡®KT 5G Development Forum¡? to make 5G come true during PyeongchangWinter Olympics in 2018. This forum has set a goal of co-development tocommercialize and service

TechnologyThat Increases Strength of Carbon Fiber by 50% Is Develop...

A technologythat increases strength of carbon fiber, which is used to make vehicles andaircrafts lighter while making them more resistant than steel, by 50% isdevel...

CrucialTecto Supply BTP to Huawei for Honor V8  May12, 2016 Share 

CrucialTec(CEO An Geon-joon and CEO Kim Jong-bin) made an announcement on the 11th thatit will be supplying fingerprint recognition module called BTP (Biometric ...

SamsungPayImplements Phone to Phone Payment at Gas Stations  May 11, 2016 Share 

Korea NFCstarted demonstration service of ¡®Phone to Phone

--------------------------------------------------------------------------------------------------------

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

Korea’sHanjin Heavy Industries enters workout agreement with creditors

South Korea’soldest shipbuilder Hanjin Heavy Industries & Construction Co. enters jointmanagement with creditors after it signed workout agreement with its creditorgroup on ...

Korea’sNPS blacklists stingy dividend-paying companies

South Korea’sstate-run and single largest institutional player National Pension Service(NPS) has decisively upped ...

S.Korean banks tap CoCo bonds in a bid to bolster capital

With greaterneed to set aside loss reserves once corporate restructuring picks up speed,Korean banks are tapping into the ...

--------------------------------------------------------------------------------------------------------

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 free publicationto 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.)

-------------------------------------------------------------------------------------------------------

저작권자 © The Korea Post 무단전재 및 재배포 금지