June9, 2016
TheKorean daily media headlines and humor
Your Excellency:
Here areThe KoreaPostnoticesanda roundup of important headlines from all majorKorean-language dailies, TV and other news media of Korea today:
Very Respectfully Yours
/s/
Lee Kyung-sik
Publisher-Chairman
Korea Post Media
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TheKorea Post notice:
Tourof Gangneung on June 10, 2016 cancelled due to lack of participation
As we havealready sent out our cancellation notice, the tour of the Gangneung city onJune 10, 2016 has been cancelled due to lack of application forparticipation.
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Aquick roundup of major news stories from the Korean media today:
KBS (http://world.kbs.co.kr/english/news/)
RivalParties Agree on Parliament Formation
Rival partieshave come to a consensus on how to form the 20th National Assembly, a day afterthe statutory deadline passed.
Floor leadersof the three parties held talks on Wednesday and unveiled the agreement, whichcame following the ruling party's announcement earlier in the day that it wouldyield the Assembly speaker position to the opposition side.
'VolkswagenFabricated Fuel Efficiency Reports'
Prosecutors inSouth Korea have confirmed that the local unit of German automaker Volkswagenfabricated fuel efficiency reports.
The SeoulCentral District Prosecutors’ Office found that from June 2012 to October 2014,the auto firm fabricated 48 fuel efficiency test reports on 26 of its models,including the Golf 2.0 TDI, and submitted the forged data to the Korea EnergyAgency.
IMF:S. Korea's Economy Faces Difficulties
TheInternational Monetary Fund(IMF) says the South Korean economy is facingdifficulties at home and abroad and its potential to grow is slowing down.
An IMF teamled by Deputy Director at the Asia and Pacific Department KalpanaKochhar,presented the assessment on Wednesday, releasing the results of its annualevaluation of the South Korean economy and consultation with South Koreanofficials.
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Yonhap(http://english.yonhapnews.co.kr)
U.S.views N.K. with 'great concern' amid reports of reprocessing: State DepartmentWASHINGTON
The UnitedStates views North Korea's actions with "great concern," the StateDepartment said Wednesday, following reports that the communist nation hasbegun reprocessing spent nuclear fuel to harvest plutonium.
Ex-U.S.nuclear negotiator likens Trump to N.K. leader WASHINGTON
A former topU.S. nuclear negotiator with North Korea has likened Republican presidentialcandidate Donald Trump to the North's leader, Kim Jong-un, saying the real-estatetycoon's campaign is marked by bellicose nationalism.
Chinatells N. Korea it wants denuclearization of Korean Peninsula BEIJING
China told aNorth Korean delegation last week that it wants to realize the goal ofdenuclearizing the Korean Peninsula, South Korea's top nuclear envoy saidWednesday after meeting with his Chinese counterpart.
DaewooShipbuilding chief vows efforts to revitalize ailing shipbuilderATHENS
The chief ofDaewoo Shipbuilding & Marine Engineering Co. on Wednesday vowed efforts torevitalize the troubled shipbuilder as its creditors have approved itsself-rescue plan worth 5.3 trillion won (US$4.6 billion).
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The Korea Herald (http://www.koreaherald.com)
Koreato inject W12tr into policy banks
The Ministryof Strategy and Finance and the Bank of Korea will inject 12 trillion won ($10billion) both directly and i...
Prosecutorsraid DSME offices over accounting fraud
Prosecutorsraided debt-ridden Daewoo Shipbuilding & Marine Engineering’s head officeson Wedn...
[FEATURE]Elderly victims overlooked in disinfectant tragedy
It took RyuJae-wook several years to bring himself to apply to the government for a healthpro...
Presidentreshuffles key advisers
President ParkGeun-hye on Wednesday reshuffled some of her key senior secretaries andvice-min...
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The KoreaTimes (http://www.koreatimes.co.kr)
'NorthKorea can conduct nuke test any time'
The governmentsaid Wednesday that North Korea could carry out another nuclear test at anytime. “We are closely monitoring any movement at its test site,” said Ministryof Unification spokesman JeongJoon-hee, referring to a re...
Thirty'minor' earthquakes hit Korea this year
The KoreanPeninsula has a reputation for being in an earthquake “safe zone,” but thisproposition appears to be on shaky ground. Korea not entirely safe from quakes, says scientist 2.1-magnitude earthquake rattles southernpart of Korea Magnitude 3.1 earthquakestrikes N. Korea Small earthquake shakesSangju
UnmarriedKorean women hit the bottle to ease emotional pain
Many unmarriedwomen suffering stress or depression drink alcohol to solve their emotionalproblems, data shows. A Seoul National University research team recently didthe Alcohol Use Disorders Identification Test (AUDIT) on 1,7...
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DongAIlbo (http://english.donga.com)
Austrian'grandma angels' receive honorary Korean citizenships
Two Austriannuns who have devoted themselves to treating leprosy patients for over 40 yearson a remote island off Korea's south…
'Ombudsmancommittee' launches at Samsung's chip plant
The"ombudsman committee" was officially launched Wednesday to pursuecomprehensive diagnosis of Samsung Electronics' chip plant …
MLB:Kim Hyun-soo, Kang Jung-ho hit 2 hits each on Tuesday
“Ihave torn apart all scouting reports that I wrote in the spring camp.” In theU.S., a growing number of people are writing "le…
Japanese‘homemaking master’ advises on how to arrange things in order
Minimalism isa prevailing trend these days. People who are not good at keeping things inorder have lost ground in our living. Y…
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ChosunIlbo (http://english.chosun.com)
Korea Develops Wheeled Armored Vehicle
Korea has developed its first armored combat vehicle withordinary wheels instead of caterpillar treads. It will be deployedwarfare-ready next year. Research and development began in December 2012, andthe vehicle passed the final test on May 9, the Defense Acquisition ProgramAdministration said Tuesday
Poland Halts Import of N.Korean Labor
Poland has suspended labor imports from North Korea, theVoice of America reported Tuesday. The measure came amid internationalsanctions against the North after its latest nuclear test in January andallegations that overseas workers toil in near-slavery
Gov't to Crack Down on Dodgy Travel Agencies
The government will crack down on travel agencies thatsell cut-price tours to Chinese visitors and pressure them to buy products andeat in low-quality restaurants. The government plans to offer"mileage" points to visitors who fall victim to the scams so they canget discounts in hotels and other facilities
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HankyorehShinmoon (http://english.hani.co.kr)
USand China agree to set up expert group to monitor implementation of N. Koreasanctions
During theStrategic and Economic Dialogue in Beijing that concluded on June 7, the US andChina agreed to set up a group of experts to assess the current implementationof sanctions against North Korea. This suggests that there will likely be aclash between the US’s demands for harsher sanctions and China’s insistencethat it is already doing what it can.
Steppingup pressure on N. Korea, Foreign Minister to visit Russia
The SouthKorean government is ramping up its pressure diplomacy tactics against NorthKorea. On the heels of President Park Geun-hye’s recent visits to Iran andUganda, Minister of Foreign Affairs Yun Byung-se is following up his Cuba visiton June 4 and 5 with a trip to Russia on June 12 and 13, which theadministration described as an effort to bolster its global push for pressureon Pyongyang.
BenRhodes touts Iran approach as model for North Korea nuke issue
A White Housedeputy national security advisor and foreign policy “confidant” of US PresidentBarack Obama suggested the same approach used to strike a deal on the Irannuclear issue could be used effectively in addressing North Korea’s nuclearprogram.The comments by Deputy National Security Advisor Ben Rhodes, whichsuggest Washington succeeded in bringing Tehran to the table through intensepressure tactics, appear to herald increased sanctions from the US going ahead.
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JoongAngIlbo(conservative): (http://koreajoongangdaily.joinsmsn.com/)
Gov’tdetails W12 trillion plan
The governmentannounced on Wednesday that it will create a fund of up to 12 trillion won($10.3 billion) to finance the restructuring of the shipping and shipbuildingindustries. The fund, most of it financed by the central bank, will allow thegovernment to inject money into the industries’ main creditors - KoreaDevelopment Bank (KDB) and Export-Import Bank of Korea (Korea Eximbank) -without having to go through the National Assembly…
Parknames ally as her political affairs secretary
Former SaenuriParty lawmaker Kim Jae-won, 51, a key member of a faction loyal to PresidentPark Geun-hye…
Ugandatells North Koreans to go back home
Uganda hastold North Korean military and police personnel stationed there to go home,according to multiple diplomatic…
Prosecutorsraid offices of Daewoo Shipbuilding
Prosecutorsraided the offices of Daewoo Shipbuilding & Marine Engineering (DSME),including its headquarters…
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TheKyunghyangShinmoon(http://english.khan.co.kr/)
ForeignMinister Yun Byung-se to Visit Russia on June 12 after Cuba: Going All In toBring North Korea to Its Knees, But Risking Becoming a "DiplomaticOrphan"
The ParkGeun-hye government's ultimate move, as the government heads toward the end ofits term, appears to be an attempt to bring North Korea to its knees. ···
SouthKorean Police Mobilized to Highlight Ban Ki-moon's Achievements?
The SouthKorean police will dispatch one hundred experts in forensics and security tothe United Nations (UN) peacekeeping operations. At a press conference at theNational Police Agency in Seodaemun···
[Editorial]U.S.-China Conflict Concerning THAAD Resurfaces, While South Korea StudiesTheir Faces Once Again
Placing theU.S. Terminal High Altitude Area Defense (THAAD) system in South Korea, anissue that had once died down, has resurfaced as clear signs of cracks ap···
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The KoreaEconomic Daily (http://english.hankyung.com/)
10Tril. Won Self-help Plans for Big 3 Shipbuilders Approved by Gov't
Theself-rescue plans, whose worth is more than 10 trillion won, for Korea'stop-three shipbuilders including Hyundai Heavy Industries, Samsung HeavyIndustries, and Daewoo Shipbuilding & Marine Engineering have been approvedby the government. On June 8, the government held a ministers meetingpres...
SamsungCEOs Deny Possibility of Merger between Samsung SDS and Samsung C&T
Samsung GroupCEOs denied the rumors of Samsung SDS merging with Samsung C&T. Kim Shin,CEO of the general trading unit Samsung C&T, said on June 8 in thecompany's headquarters building before the weekly group CEO meeting, "Wehave never reviewed the possibility of merging the trading unit of Samsu...
China’sSteel Prices Forecast to Rebound...Hana Financial
Hana FinancialInvestment predicted on June 8 that China’s steel prices would rebound againfrom this month. Hana analyst Park Sung-bong said, “China’s domestic steelprices declined sharply last month. The prices of hot-rolled steel, cold rolledsteel, and thick plate products fell 18.6 percent,...
MiraeAsset Chief’s Preemptive Investment in Overseas 5-star Hotels
Mirae AssetFinancial Group has continuously increased its investment in foreign five-starhotels since its chairman Park Hyun-joo vowed active investment in foreignhotels in 2013. Hyatt Regency Waikiki Resort & Spa for which Mirae Assetrecently acquired from the world’s largest private equity fu...
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AJUBusiness Daily(http://eng.ajunews.com/korea)
UScargo plane skids off runway, no casualties
A US cargoplane run by UPS, the world's largest package delivery company, has skidded offthe runway at South Korea's main gateway west of Seoul, damagingfacilitie…
IAEAaccuses Pyongyang of reprocessing nuclear fuel: Yonhap
North Koreacould have started reprocessing spent nuclear fuel to harvest plutonium fornuclear weapons, the International Atomic Energy Agency said. "The DPRK(North Kor…
USto discuss sanctions with China against Pyongyang: Yonhap
The UnitedStates will talk to China to make sure that it carries out sanctions on NorthKorea, including the latest "money laundering concern" designation,before assessing…
Pyongyangaccuses Seoul of abducting two restaurant workers in China
A file photoon North Korean defector.[Courtesy of Unification Ministry] ? North Korea has accused South Koreaof abducting two workers from one of its restaurants in …
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ETNEWS(http://english.etnews.com/)
SouthKorea Expecting Huge Economic Impact from Samsung Electronics’ SemiconductorFacility in Pyeongtaek
GodeokIndustrial Complex, which is located in Pyeongtaek and is about 80km away fromSeoul, has many concrete-carrying trucks arriving and leaving due toconstruction of Samsung Electronics¡? semicon
CrucialTecto Supply Its Fingerprint Recognition Modules to Super-High-Priced Smartphones
CrucialTec issupplying its fingerprint recognition modules to super-high-priced Smartphonesthat are specialized for security.
LSISCo., Ltd. to Supply Its Chargers for Electric Vehicles of Benz and Chrysler
Chargers forelectric vehicles that are manufactured by LSIS Co., Ltd. is going to beinstalled as basic accessories for electric vehicles of Benz and Chrysler.
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MaeilBusinessNewsKorea (http://www.pulsenews.co.kr/ )
Korea’sprosecution launches accounting fraud probe on DSME
DaewooShipbuilding & Marine Engineering Co. (DSME) surviving on governmentbailout program came under mass-scale special anti-corruption prosecution probefor allegations for illicit ...
S.Korea to create $10 bn fund to spearhead corporate restructuring
The SouthKorean government and central bank will jointly create a 11 trillion won ($9.5billion) fund to ready enough ...
Korea’sLG Hausys to bid for Continental Structural Plastics
LG Hausys,materials arm of South Korea’s conglomerate LG Group, has joined the biddingwar to take over Continental Structural ...
HyundaiMotor and Kia Motors Chinese sales in monthly record for May
South Korea’slargest automaker Hyundai Motor Co. and its sister company Kia Motors Corp.witnessed their first double-digit ...
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Your Excellency:
Send your latest press release(s) in Korean to(www.koreapost.co.kr) for immediate publication and inEnglishto korpost@chol.com.
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VeryRespectfully Yours
/s/
LeeKyung-sik
Publisher-Chairmanof The Korea Post
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