The Korean daily media headlines and humor

TheKorean daily media headlines and humor

Tuesday,June 28, 2016

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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Ourheart-felt congratulations on your National Day in August!

Alas! It is already that time of the month againwhen The Korea Post busily preparesfor the publication of a National Day Special Report for the countries withtheir National Day falling next month. Here is our request for an interview theExcellency with the National Day falling in the month of August:

(Please scrolldown to the bottom for full details.)

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TheKorea Post tours

The Korea Postcurrently has two very important tours for the ambassadors and spouses

1.A one-night-two-daytour of Boryeong Mud Festival

MayorKim Dong-ill of the Boryeong City cordially invites the Excellencies and Madamsto a two-day tour of the 19th Boryeong Mud Festival at the picturesque DaecheonBeach on Saturday-Sunday, 16-17 July 2016.Please scroll down to the end of this Headlines for further details.

2.A single day tour of the 2016 Yechon World Insect Expo

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

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

PentagonConfirms N. Korea's Missile Reentered Atmosphere

The Pentagonhas confirmed that a Musudan intermediate-range ballistic missile launched byNorth Korea last week reached space and then re-entered Earth's atmosphere.

S.Korea, US, Japan to Conduct 1st Missile Warning Drill on Tuesday

South Korea,the U.S. and Japan will jointly hold, for the first time, a missile defenseexercise that will focus on detecting and tracking North Korean missiles

ParkAssures of Gov't Preparedness Post-Brexit

Anchor:President Park Geun-hye has ordered the government to maintain preparedness torespond to precarious economic conditions at home and abroad followingBritain’s decision to split from the European Union. During a meeting with hersecretaries on Monday, she also instructed her officials to take all possiblemarket stabilization measures to minimize possible ramifications of Brexit toSouth Korea.

ProsecutorsIndict People's Party Senior Official, Grills Rep. Park Sun-sook

S.Korea, US, Japan to Conduct 1st Missile Warning Drill on Tuesday

ParkAssures of Gov't Preparedness Post-Brexit

BOKChief Vows to Ensure Ample Liquidity

KOSPI,KOSDAQ Inch up; Won Depreciates Further

WSJPraises S. Korea for Wise Response to Brexit

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

Nationalpension covers some 4 mln people monthly

South Korea'sstate pension program provides coverage to approximately 4 million peoplemonthly, with the number of recipients and pension payments growing steadily,data showed Tuesday.

S.Korea's consumer sentiment remains unchanged in June

South Korea'sconsumer sentiment did not budge either way in June after dipping to athree-month low in the month before on growing uncertainties in the globaleconomy, central bank data showed Tuesday.

Ex-Olympicshort track champ killed in motorcycle crash

Former Olympicshort track speed skating champion Oh Se-jong has been killed in a motorcyclecrash in Seoul, the sport's officials said.

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

Koreaguards against Brexit market shocks

The Koreanfinancial market remained volatile on June 27 following the UK’s vot...

SamsungElectronics to simplify job titles

SamsungElectronics will implement a comprehensive reshuffle of work positions bysimplifying s...

CICIchief Choi takes modern look at Korean culture

Choi Jung-wha,a professor at the Hankuk University of Foreign Studies, has released theEnglis...

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The Korea Times (http://www.koreatimes.co.kr)

Seoulstocks open lower on Wall Street losses 

Korean sharesopened lower Tuesday, tracking losses on Wall Street, with investors awaitingpolicy action by central banks around the globe to inject liquidit...

Anothersex scandal slams K-pop scene 

The localentertainment industry, which has been hit hard recently by a series of sexscandals inv...

Gov'tto toughen visa rules for foreign entertainers 

The governmentis seeking to toughen visa issuance rules for foreign entertainers, consideringthe fact that many coming here on the visa overstay their welco... 

Foreignhousemaid swindles employer of $203,000 

A foreignhousemaid has been jailed for 14 months for fraud and violating immigrationlaws, court ...

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DongAIlbo (http://english.donga.com)

U.S.Air Forces send two high-altitude recon planes over DMZ

Following thelaunch of Inter-range Ballistic Missiles by North Korea, the U.S. Air Forcesare increasing their assets dedicated …

Busanmayor says he will accept Gimhae New Airport

“Istill feel a bit regretful but I will accept the central government’s plan toconstruct Gimhae New Airport, in order to heal r…

Gold,U.S. dollar on the rise in the wake of Brexit

The price ofgold has surpassed 42.2 U.S. dollars per gram on the Korean Exchange (KRX) forthe first time since the gold market …

‘Anti-EU’party loses in Spanish general elections as Brexit backfires

Spanish votershave chosen to support pro-European Union political parties in the June 26general elections, which were held just…

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ChosunIlbo (http://english.chosun.com)

Employees Expect to Retire at 51

Salaried workers in Korea on average believe that theywill be put to pasture at the age of 51, according to a survey. The findingsreflect increasing fears of layoffs as more ailing businesses face painfulrestructuring.

Hot, Dry Weather Defies Monsoon Forecasts

The summer monsoon has officially begun, but Korea isseeing more dry days than rainy ones. The Korea Meteorological Administrationearlier predicted a proper monsoon this year after two years of relatively dryrainy seasons.

Korean Women's Lifespan Among World's Longest

The average life expectancy of Korean women reached 85.5years last year, making them the third longest-lived in the world. But forKorean men the life expectance only stood at 78.8 and a middling 18th in theworld. 

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HankyorehShinmoon (http://english.hani.co.kr)

Letthe flowers of peace bloom in West Sea waters of conflict

As SouthKorean fishermen in the West (Yellow) Sea watch Chinese fishing boats swarm tothe Northern Limit Line (NLL), they ask where our government is. Under pressurefrom public opinion, the governm..

Webtoonblows the whistle on the suffering of S. Korea’s “academic slaves”

A professorlaunches a two-hour-long torrent of abuse against a teaching assistant whodeparted for a seminar without waiting for the late-arriving professor. Theprofessor says, “What kind of TA lets..

NorthKorea responds to United Nations denunciation of its missiles

North Korea’sMinistry of Foreign Affairs and United Nations missions issued responses to theinternational community’s denunciation of its Hwasong-10 medium- and long-rangestrategic ballistic missil..

HowS. Korea has a low industrial accident rate, alongside the highest death rate

In July 2014,a man surnamed Kim, 35, an employee for a subcontractor of Hyundai HeavyIndustries, suffered an electric shock while taking apart a transformer underthe assumption that the circuit bre..

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JoongAngIlbo(conservative): (http://koreajoongangdaily.joinsmsn.com/)

Markets rebound from ‘Brexit’ low

Korea’s equity markets have recouped some of the lossessustained after the United Kingdom’s unexpected vote to leave the EuropeanUnion, but as of Monday, the won-dollar exchange rate remained volatile. Themain exchange, the Kospi, hit the psychologically important 1,900 level earlyin the day, dropping as much as 23.62 points within two minutes of the opening…

Oxy announces compensation plan for victims

Oxy Reckitt Benckiser, the British-controlled companythat allegedly killed and sickened some 180 people…

North’s Scud-ER can reach U.S. base in Japan

North Korea can now hit the U.S. naval base in Yokosuka,Japan, with its short-range Scud missiles…

Seoul appeals again for prudence

The impact of the so-called Brexit has been less thanmany feared last week, but Korea Financial Investment Association Chairman…

Samsung ending rigid work culture

Samsung Electronics, the largest tech company in Korea,took a major step in restructuring its…

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TheKyunghyangShinmoon(http://english.khan.co.kr/)

"Making Light of Daegu andGyeongsangbuk-do?" Daegu Condemns the Park Geun-hye Government's"Betrayal"

A massive demonstration condemning the government washeld at Daegu on June 25 following the cancellation of the construction of anew airport in the Yeongnam r···

"Change the Minimum Wage to the BestWage" Young People Take to the Streets in Hongdae as June 28 Deadline forMinimum Wage Approaches

"Are we here to receive 6,030 won?""No!" “Are we here to receive 6,500 won? 7,000 won? 8,000 won?""No! No! No!" "How much are we here to receive?"···

Construction of Shin Kori Units 5 & 6Confirmed: Problems of Having 10 Nuclear Power Plants Concentrated in One Areaand Inadequate Safety Assessment Pushed Aside

The Nuclear Safety and Security Commission authorized theconstruction of Shin Kori units 5 and 6 in Ulju-gun, Ulsan. In Korea, thepermits for the construction···

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

While Steel Firms in China and Japan Are BusyConsolidating, Korean Ones Do Nothing

Once Baosteel Group and Wuhan Iron and Steel Group ofChina pool their resources, they would create an entity second largest in theworld in terms of crude steel capacity. This is a second M&A case in theglobal steel industry this year following a large deal undertaken in Februaryby Japan's Nippon...

Samsung Sets up Special Task Force to DevelopSemicon Packaging Technology 2016-06-28 07:54

Samsung Group is concentrating its effort on developing asemiconductor chip packaging technology without using printed circuit boards.This is based on its own evaluation that Samsung Electronics lost Apple’siPhone 7 foundry orders for mobile application processors to Taiwan’s TSMC notbecause i...

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

FormerDaewoo shipyard CEO arrested for corruption

Former Daewooshipyard CEO Nam Sang-tae walks into the office of prosecutors for questioning.A former Daewoo shipyard CEO was…

USconfirmsMusudan reached space:

North Korea'sMusudan intermediate-range ballistic missile reached space and then re-enteredEarth's atmosphere in its sixth test attem…

CGVto open South Korea's first SubPactheater

"TheWave", a 2015 Norwegian catastrophe drama film, will be shown next monthat South Korea's first theater using SubPac, a tactile bass system that m…

Seoulto toughen requirements for entertainment visa: Y…

South Koreawill toughen legal requirements for issuing the visa for foreigners engaging inentertainment and hotel services here. There have …

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

KT to Install Network for 5G by June of 2017and Test Devices Starting from October

KT has announced that ¡®KT Pyeongchang Standards for 5GTechnologies¡? that it recently introduced at The Korean Institute ofCommunications and Information Sciences will be 5G standards that will be

Samsung Electronics Solves Security ProblemRegarding SmartThings  Jun 28, 2016Share 

Samsung Electronics has solved a problem regardingweakness of security of ¡®SmartThings¡? that will play a role of a majorplatform for Samsung Electron...

APP to Release Light Atmospheric Plasma Equipment  Jun 27, 2016 Share 

Mobile atmospheric plasma equipment that is easy to carryis released by a South Korean business. APP (CEO Kang Bang-kwon) made anannouncement on the 4th that it has de...

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MaeilBusinessNewsKorea (http://www.pulsenews.co.kr/ )

DoosanHeavy Industries lands $186 mn desalination deal in Iran

South Korea’sDoosan Heavy Industries & Construction Co. won a 220 billion won ($185.9million) worth order from Iran-based ...

DSMEmanagement commits systematic accounting fraud to ensure fat bonus:

Troubledstate-invested Daewoo Shipbuilding and Marine Engineering (DSME) cooked bookssystematically under the order of top ...

SamsungElectronics to promote more flexible corporate culture

South Korea’stech behemoth Samsung Electronics Co. has embarked on a reform to move awayfrom the top-down and rigid corporate culture and towards a more efficient andflexible working ...

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The Korea Post is 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 allat your service. You can email all your English and Korean press releases andfeedback for free publication 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 Korean Internet(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:

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 inEnglishto korpost@chol.com.

They are published by the five media outletsof The Korea Post, including the Korean-language Internet newspaper,English website and the Korean-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-language

www.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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Invitationto a two-day tour of Boryeong Mud Festival

Iam pleased to inform Your Excellency that Mayor Kim Dong-ill of the BoryeongCity cordially invites Your Excellency and Madam to a two-day tour of the 19thBoryeong Mud Festival at the picturesque Daecheon Beach (some 119 miles southof Seoul) on Saturday-Sunday, 16-17 July 2016. It was designated by theGovernment as the Best Festival of the Republic of Korea.

Theitinerary is as follows:

DayOne: 1200 hours, Saturday 16 July 2016: Meet at Grand Hyatt Seoul (by the waterfountain)

1200-1400hours: Move to Boryeong City by Limousine bus. High-quality lunch box served onthe bus.

1400-1500hours: Check in at the Westopia Tourist Hotel.

1500-1620hours: Watch street parade at the Dongdae-dong Rotary.

1620-1800hours: Have hands-on experience in mud festival activities.

1800-1930hours: Attend welcome dinner in honor of the ambassadors and spouses.

1930-2200hours: Attend opening ceremony and watch opening ceremony performances.

2200hours: Check in at the hotel for the night.

DayTwo: 0800-0900 hours, Sunday 17 July 2016: Breakfast at the hotel, and checkout.

0900-1200hours: Visit Ongma-jeon Pavilion, Seongju Castle Site, Seongju Mountain Restand Recuperation Forest, Cypress Forest, and tour Gaehwa Art Park.

1200-1300hours: Farewell luncheon at the Gaehwa Art Park Reception Hall and presentationof Plaque of Appreciation to the Mayor by the Dean of the visiting members ofthe Seoul Diplomatic Corps. (The Plaque will be prepared by The Korea Post.)

Pleaseindicate your interest in the following space:

Yes,we___(I alone___) will attend. Emergency cellphone number____________________

Contactphones of The Korea Post: 2298-1740/2, mobile 010-3388-1682 (Ms. Kim Jeong-mifor Korean callers) or 010-5201-1740 (Chairman Lee for English callers).

VeryRespectfully Yours

/s/

LeeKyung-sik

Publisher-Chairman

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Invitationto the 2016 Yecheon World Insect Expo

Iam pleased to inform Your Excellency that Mayor Lee Hyun-joon of the YecheonCounty of Gyeongsangbuk-do Province cordially invite Your Excellency and Madamto attend the Opening Ceremony of the 2016 Yecheon World Insect Expo onSaturday July 30, 2016, which is attended by Prime Minister Hwang Kyo-ahn onbehalf of President Park Geun-hye. Please visit: /news/view.html?section=161&category=181&no=1303for details of the Expo.

Theitinerary of the Tour is as follows:

1330hours Saturday 30, 2016: Meet at Grqand Hyatt Seoul (near the Water Fountain).

1330-1630hours: Move by Limousine Buses to Main Venue of the Inspect Expo.

1630-1700hours: Visit the Main Theme Hall of the Expo, Amusement Park, IndustrialPavilion, and the Parblue Garden.

1700-1715hours: Move to the Dinner Banquette Hall of the Yecheon Wedding Hall.

1715-1815hours: Attend Dinner hosted by Mayor and Mrs. Lee Hyun-joon.

1830-1900hours: Attend the Opening Ceremony of the 2016 Yecheon World Insect Expo.

1900-2200hours: Move back to Seoul arriving at Grand Hayatt Seoul.

VeryRespectfully Yours

/s/

LeeKyung-sik

Publisher-Chairman

TheKorea Post phones: 2298-1740/2, mobiles 010-3388-1682 (Korean) and010-5201-1740 (Chairman Lee Kyung-sik).

RSVP:Yes, my spouse and I will attend_______. I will attend alone_______.

Mobilephone of driver or secretary:_________________________.     Regrets:_____.

(Pleasemark the blank spaces above and below with an X or Tick and revert toedt@koreapost.com.)

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Ourheart-felt congratulations on your National Day in August!

Alas! It is already that time of the month againwhen The Korea Post busily preparesfor the publication of a National Day Special Report for the countries withtheir National Day falling next month. Here is our request for an interview theExcellency with the National Day falling in the month of August:

Our heart-felt congratulations on the National Dayof your esteemed country in August this year!

The Korea Post, 31 years old this year, publishes:(1) an English print monthly (www.koreapost.com), (2) a real-timeKorean-language Internet newspaper (www.koreapost.co.kr), (3) a Korean-languageprint biweekly newspaper (http://pdf.koreapost.co.kr/14/1401.pdf), (4) anEnglish e-daily, and (5) an English e-daily newsletter.

At this time, I would like to have an extensiveinterview with Your Excellency for a Special Report on your country in ourAugust 2016 issue (published at the end of the preceding month by all the abovefive media units. On the assumption of Your Excellency’s kind consent, Ipresent our interview questionnaire as follows:

1. What are the important developments scheduledbetween Korea and your country, including the possible visit of your Head ofGovernment to Korea.

2. What is the volume of bilateral trade, itsoutlook in the next 12 months?

3. What are your competitive field of industry andproducts attractive to Korea and what are Korean products and services thatyour country might wish to import?

4. Who are the Korean companies (other thanJaebeol business groups) actively engaged in the promotion of economiccooperation between Korea and your esteemed country?

5. What are the areas in your country where youwant Korean companies to invest and what are the areas where you wish your businessmento invest in Korea?

6. Please introduce your Head of Government indetail, including major achievements.

7. What is your view of Korea and the Koreanpeople before and after your arrival here?

8. What are the attractive tourist destinations ofyour country?

9. Please introduce yourself in detail, includingyour career, family and hobbies.

10. Please add whatever other details that wemight have left out from the questionnaire.

After your answers to the above basicquestionnaire are ready, I would like to visit Your Excellency in person withmy photographer and editor for photo-taking and whatever other details becomeavailable in the course of the interview. Our phone numbers are 2298-1740/2 andmy personal cell phone is 010-5201-1740.

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