The Korean daily media headlines and humor

TheKorean daily media headlines and humor

Tuesday, July 5, 2016

Your Excellency:

Here are The KoreaPost notices and a 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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Special notice:

The official email of The Korea Post is (1) edt@koreapost.comand (2) korpost@chol.com.The personal email address of the Publisher-Chairman of The Korea Post is pub@koreapost.com.

The Korea Postdoes not assume responsibility for any messages transmitted to and/or fromthrough the use of any other email addresses. In such a case, pleaseadditionally transmit a copy to one of the above official email addresses of The Korea Post.

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Our heart-felt congratulations on your National Day in August!

Excellencies with the National Day coming in August,has our request for a full-fledged National Day interview brought to yourattention?

If not, please check with your secretary! We havemade an irresistibleoffer. Please scroll down to the bottom for full details.

(Please scroll down to the bottom for full details.)

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The Korea Post tours

The Korea Postcurrently has a very important tour for the ambassadors and spouses.

Asingle day tour of the 2016 Yecheon World Insect Expo

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

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

Park:S. Korea Must Take Lead in Overcoming Neoisolationism

President ParkGeun-hye is calling for turning looming trade protectionism into an opportunityfor South Korea.

Ex-CEOof DSME Grilled 20 Hours over 5.5 Trillion Won Window Settlement 

A former CEOof the ailing Daewoo Shipbuilding and Marine Engineering (DSME) has beengrilled by prosecutors on suspicions of a massive accounting fraud.

WashingtonImposes Sanctions on 3 N. Korean Firms and 1 N. Korean Official

Washington hasadded three North Korean entities and a North Korean official on its sanctionslist for their involvement in the proliferation of weapons of mass destruction.

OppositionChief Proposes Revisions to Commercial Law

Pres.Park: Any Inter-Korean Meeting Will be Short-lived

RivalCamps Clash over Raising Corporate Tax

CivicGroup Calls for 13% Increase in Minimum Wage

KOSPI,KOSDAQ Close Higher Monday

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

U.S.imposes sanctions on 3 N.K. entities, 1 individual for involvement in weaponsproliferation

The UnitedStates has imposed sanctions on three North Korean entities and one tradingfirm official for their involvement in the proliferation of weapons of massdestruction, the State Department said Monday.

JaguarLand Rover Korea to recall 4,980 vehicles

Jaguar LandRover Korea Co., the local importer of the British car brand, will recall acombined 4,990 units of Jaguar and Land Rover vehicles for safety reasons, thetransportation ministry here said Tuesday.

Swisspresident to visit S. Korea next week

SwissPresident Johann Schneider-Ammann will visit South Korea next week for talkswith President Park Geun-hye and other officials to discuss ways to expandbilateral cooperation in trade, investment and other areas, the Cheong Wa Daesaid Monday.

Gov'taccused of providing blind support to Daewoo Shipbuilding

An oppositionlawmaker on Monday accused the government of providing support funds totroubled shipbuilder Daewoo Shipbuilding and Marine Engineering Co. despiteacknowledging many difficulties facing the company.

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

Arrestwarrant sought for Lotte chairman's sister

Prosecutors onMonday requested an arrest warrant for Shin Young-ja, the sister of Lotte Groupchairman Shin Dong-bin on...

Doespopulism also stand a chance in Korea?

Over the pastfew months, the populist movement has taken center stage in global politics.Rang...

ChungEui-sun, prepared but waiting heir

The year 2015was a watershed year for Hyundai Motor Group’s heir apparent Chun...

Tideof global trade protectionism threatens to wash over Korea

Economicpolicymakers and business circles in Korea are on alert over signs that...

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

Governmentrules out tax rate hike 

Prime MinisterHwang Kyo-ahn said Monday that the government has no plan to raise corporate orincome tax rates. 

`CreativeKorea' is new national slogan 

The governmenthas adopted “Creative Korea” as the new national slogan of Korea.

Threesites shortlisted for THAAD deployment 

Three siteshave been shortlisted as candidates for hosting a U.S. Terminal High AltitudeArea Defense (THAAD) battery, according to military sources, Monday.

Korea'sdefense industry languishes amid global boom 

The globalarms markets have restored their vigor lost in the aftermath of the 2008 globalfinancial crisis, but Korea’s defense industry is struggling at hom...

Samsungspins off OLED business 

SamsungDisplay has separated its organic light-emitting diode (OLED) unit inaccordance with group-wide efforts to streamline its business structure. 

Trainderailed in Bonghwa, no casualties reported 

Passengers hada lucky escape from injury when a train derailed in Bonghwa, North GyeongsangProvi... 

Ikeaordered to submit recall plan for dressers 

A state agencyhas ordered Ikea to submit a voluntary recall plan for its MALM dresser thatallege...

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DongA Ilbo (http://english.donga.com)

Koreamust not be swayed by China over national security

Themountainous terrain of Chilgok in Northern Gyeongsang Province, South Korea, isemerging as the optimal spot to deploy the Te…

Nationalroad linking Saemangeum Seawall, Gogunsan Islands to open

The section ofNational Road 4 linking Saemangeum Seawall and Gogunsan Islands, and thesection between Jangseong in South Jeolla…

GalaxyS7Edge's 'Olympic Edition' to be unveiled Thursday

Samsung GalaxyS7 Edge's "Olympic Edition" is likely to be unveiled Thursday.Samsung Electronics Germany recently put up a tease…

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

Smartphone Use Hurts Language Development

Early or excessive Smartphone use damages the developmentof language skills, a study suggests. Prof. Hong Se-hee of Korea University andhis team surveyed some 4,672 ninth graders last year.

N.Korea Flogs Fishing Rights to China

North Korea is selling off fishing rights to China to thetune of US$30 million as its sources of hard currency dry up due to sanctions,the National Intelligence Service said last Friday. The North granted fishingrights to 1,500 Chinese trawlers, three times as many as in recent years.

Domestic Auto Sales Set New Record in 1stHalf

Domestic auto sales reached a new high in the first halfof this year. The Korea Automobile Manufacturers Association said Sunday thatdomestic sales totaled 812,265 cars in the first six months, up 10.9 percenton-year. This is the first time domestic sales have exceeded 800,000 in theperiod.

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

AHankyoreh reporter’s adventure with a 3D printer

Evolving 3Dprinting technology allows people to make their own things quickly, at low cost

Whatdoes the future hold for 3D printing?

The softwareand designs for 3D printing - which are indeed cutting-edge - have alreadygotten into the hands of countless people, as tends to happen in this digitalworld in which nothing distinguishes copies from the original.

USDemocratic Party draft calls Kim Jung-un a “sadistic dictator”

A draft policyplatform adopted by the US Democratic Party on July 1 includes the continueduse of pressure tactics against Pyongyang and reiterates plans to strengthenWashington’s alliances in response to China’s rise and Russia’s aggressiveactions.

N.Korea asks, “Is this how the South leaks things to the press?”

It was afterthe meeting on the first afternoon, just when it was time to head to dinner,that she raised her hand and was allowed to speak.

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

Ideology of lawmakers shifts to the liberalside

The ideology spectrum of lawmakers of the 20th NationalAssembly has shifted to the left, a poll showed Monday, with 52.1 percent of217 lawmakers polled being identified as liberals.

Anti-corruption law threatens beef, retail,golf industries

The implementation of a controversial anti-corruption lawis scaring the retail and restaurant industries…

SK Telecom gets nod to purchase CJHelloVision

The Fair Trade Commission on Monday issued a conditionalapproval for SK Telecom’s controversial acquisition…

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

[Sanitary Napkins on a Fence in DowntownSeoul: Does It Make You Uncomfortable?

"Let's put up sanitary napkins together!""We never asked to menstruate, but it's too expensive," "Thegovernment should regulate the unreasonably high c···

[Government Control of KBS News] PressControl, the New Airport, the West Annex... "Apology" Not in CheongWa Dae’s Vocabulary

"There was no apology." Cheong Wa Dae'sattitude in its response to various issues currently shaking the nation'spolitical circle is at the center of a heated debate. The problems were either···

[Truth Behind the Sewol: Control over KBSNews Coverage] Lee Jung-hyun, Cheong Wa Dae's Press Secretary at the Time ofthe Sewol Accident Called KBS Newsroom and Demanded They Cut a Report

Saenuri Party lawmaker Lee Jung-hyun, who was the CheongWa Dae senior secretary for public relations at the time of the Sewol accident,personally called the c···

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

Local Defense Industry Has a Gloomy Future

Over the past one and a half years, the keywordprevailing throughout Korea’s defense industry was “the exit of largecompanies.” Samsung washed its hands from the defense business by sellingSamsung Techwin and Samsung Thales to Hanwha Group for 823.2 billion won.Doosan also sold its Doosan DS... 

Aekyung Group Joins Race to Acquire COEX MallOperating Right

Aekyung Group joined the race to acquire the operatingright for Korea’s largest underground shopping mall COEX Mall. With Aekyuhng'sentry, the bidding race for COEX Mall, accordingly evolved into a three-waycompetition, including Hyundai Department Store and Shinsegae. The main biddingfor the...

Woori Bank Tops in Acquisition Financing inFirst Half

In the first half of this year, Woori Bank came on top interms of acceptance financing among major financial service companies in Korea.Woori Bank widened its lead over the No. 2 player by arranging a string ofprofitable deals, including Glenwood Private Equity's acquisition of LafargeHalla Ceme...

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AJU BusinessDaily (http://eng.ajunews.com/korea)

SouthKorea well behind China in first-half shipbuilding orders

South Koreanshipyards were well behind Chinese competitors in the global ranking offirst-half orders as they suffer from an unprecedented business setback thatprompted sweeping industry-wide restructuring, data showed Monday. Total ne…

SouthKorea well behind China in first-half shipbuilding orders

South Koreanshipyards were well behind Chinese competitors in the global ranking of first…

SouthKorea's auto sales up 11 pct in first half

Auto sales inSouth Korea surged 10.9 percent in the first half of this year from a yearearlier, i…

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

SK Telecom Commercializes IoT Network AllOver South Korea

SK Telecom had completed establishing LoRa network, whichis a network for IoT, in whole South Korea and declared that it will connect 4million devices by next year. SK Telecom has lowered entry

Samsung Electronics Strengthens Its OnlineBusiness

Samsung Electronics is going to strengthen its onlinedistribution and is currently making preparations by recruiting merchandisers(MD) from home shopping malls and onlin...

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

Betsare higher on Samsung Elec seeing $7 bn in Q2 operating income

The market hasgrown more confident of South Korea’s tech giant Samsung Electronics postingover 8 trillion won ($7 billion) in operating profit for the second quarterended on June 30...

SKTelecom leads in IoT race, completing nationwide network

South Korea’slargest wireless operator SK Telecom Co. said Monday that it successfullycompleted deployment of Low-Power ...

Kolondevelops transparent polyimide that can replace glass substrate

KolonIndustries Inc., a chemical and fashion unit of Kolon Group, announced onMonday that it has made a breakthrough ...

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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 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:

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 inEnglishtokorpost@chol.com.

They are published by the five media outlets of 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 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 Grand 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 our August2016 issue (published at the end of the preceding month by all the above fivemedia units. On the assumption of Your Excellency’s kind consent, I present ourinterview 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 fields of industryand products 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 yourbusinessmen to 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 we mighthave 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.