The Korean daily media headlines and humor
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The Korean daily media headlines and humor
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July 08, 2016

TheKorean daily media headlines and humor

Friday, July 8, 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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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

MayorLee Hyun-joon of the Yecheon County of Gyeongsangbuk-do Province cordiallyinvites Your Excellency and Madam to attend the Opening Ceremony of the 2016Yecheon World Insect Expo on Saturday July 30, 2016,which is attended by Prime Minister Hwang Kyo-ahn on behalf of President ParkGeun-hye. Please check the full details of the Invitation at the bottom of thisHeadlines.

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

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

ParkCalls for Open Policies to Ride out Trade Protectionism

Anchor:President Park Geun-hye says South Korea must turn crisis into an opportunityby pursuing internationally-charged open policies.

LawmakersSubmit Revision to Anticorruption Law

A group ofruling party lawmakers has submitted to the National Assembly a revision to anantigraft law that bans public officials from asking illegal favors and takingbribes.

Gov't,Saenuri, Top Office Resolve to Cooperate on Reviving Economy

Thegovernment, presidential office and the ruling Saenuri Party held their firsthigh-level trilateral meeting on Thursday since the 20th National Assemblykicked off.

LawmakersSubmit Revision to Anticorruption Law

Gov't,Saenuri, Top Office Resolve to Cooperate on Reviving Economy

Gov'tto Raise Electric Car Exports to 200,000 Units

Gov'tToughens up Accounting Fraud Punishment

KOSPI,KOSDAQ Rebound on Thursday

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

Pirates'Kang Jung-ho doubles for 2nd straight start under investigation

Kang Jung-hoof the Pittsburgh Pirates doubled for the second straight start while under asexual assault investigation.

Sportstribunal to rule on Park Tae-hwan's fate Friday

The world'stop sports tribunal will rule on the fate of the banned South Korean swimmerPark Tae-hwan on Friday, a day later than expected, the athlete'srepresentatives said.

Historicalitems recovered from site of former Korean legation in Washington

An invitationto the 1906 wedding of a daughter of then-U.S. President Theodore Roosevelt andother historical items have been recovered from the site of the former Koreanlegation in Washington, officials said Thursday.

N.Korean martial arts manual listed as UNESCO heritage

A North Koreanmartial arts manual dating back to the 18th century has been listed as a UNESCOheritage, the country's state media said Thursday.

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

Parkurges investment for new growth

[THE INVESTOR]South Korean President Park Geun-hye urged her key policymakers and industryexecutives to come up with d...

SamsungElectronics forecasts best profits in two years

[THE INVESTOR]Samsung Electronics expects to report its best quarterly results in more thantw...

U.S.sanctions N.K. leader over human rights abuses

The U.S. putNorth Korean leader Kim Jong-un on its sanctions blacklist for the first timeWedn...

Numberof South Korean ultrarich on the rise

[THE INVESTOR]Korea is now home to 211,000 people whose financial assets exceed 1 billion won...

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

Newsinkhole fears haunt Lotte World Tower 

A 1.5meter-wide sinkhole was discovered on a road just a few blocks from anunder-construction sk... 

Lottefounder's daughter arrested for bribery, embezzlement 

LotteFoundation Chairwoman Shin Young-ja, 73, was placed in detention Thursday oncharges of embe...

TargetingNK leader 

Finally, theUnited States has played its trump card on North Korea. Washington has put theNorth's young dictator, Kim Jong-un, on a black list - together wi... 

'Smokingcafes' light up controversy 

“Smokingcafes” that allow people to drink coffee and smoke cigarettes have become aburning issue...

Chinesetourists spend 6 times more than Japanese on shopping 

Chinesetourists spent an average of 2.13 million won ($1,845) on shopping in Korea,more than six times the amount spent by Japanese tourists (330,000 won), ...

Doctorfaces arrest for malpractice on Australian patient 

SeoulMetropolitan Police Agency (SMPA) announced that an arrest warrant has beensought for a doctor, surnamed Kang, 45, on suspicion that he caused thedeat... 

Koreafaces risk of losing AIIB vice president post 

Korea facesrisk of losing its vice president and chief risk officer (CRO) post at theAsian Infra...

Disapprovalof SKT-CJH deal backed by foreign cases 

Overseasexamples of takeovers within the same industry being disapproved show that theFair Trade Commission’s (FTC) disapproval of the proposed merger of SK...

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

U.S.to deploy 12 F-16 fighter jets to Osan, S. Korea

The UnitedStates will deploy 12 F-16 fighter jets and some 300 pilots and airmen to SouthKorea amid concerns over North Korea’s additional provocat…

Smartphoneis a must-have item for Korean travelers

A survey foundthat travelers from around the world today use Smartphone or other IT devicesto locate their accommodation or destination, instead o…

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 Province and Jeonge…

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

30% of Gov't Agencies Fail to Meet YouthHiring Quota

Three out of 10 government agencies have ignored themandatory quota for hiring young people.

Gov't to Boost Propaganda Broadcasts AlongBorder

Military authorities will install about a dozen morepropaganda sound systems on the border with North Korea to increase pressure onthe regime.

Estranged Husband Sues Samsung Heiress forW1.2 Trillion

The estranged husband of Samsung heiress Lee Boo-jin issuing her for a W1.2 trillion share of her assets.

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

Earthquakeoccurred just around 50 km from high concentration of nuke plants

The epicenterof the 5.0-magnitude earthquake that occurred in waters off the coast of Ulsanon the evening of July 5 was only 50 or 60 kilometers away from the Kori andShin Kori and the Wolsong nuclear power complexes...

Samsungroyalty sued by her estranged husband for one billion dollars

Lim Woo-jae,48, currently an adviser for Samsung Electro-Mechanics, has filed a suitagainst his estranged wife, Hotel Shilla CEO Lee Boo-jin, for more than atrillion Korean won (about US$864 million) as his share of their assets.

Oppositionlawmakers found innocent of confinement in 2012 NIS election case

On July 6, aSouth Korean court ruled on an incident that occurred just before the 2012presidential election in which a National Intelligence Service (NIS) agentaccused of posting illegal comments online was allegedly trapped in herapartment.

Pyroprocessing“dream technology” could end up being a money hole

Pyroprocessingtechnology, the subject of a joint research project by South Korea and the US,is being touted in South Korea as a “dream technology” for reprocessing spentnuclear fuel from nuclear reactors.

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

Sanctions levied on Kim Jong-un for humanrights

In an unprecedented move, the United States Wednesdaysanctioned North Korean leader Kim Jong-un for his role in his country’s humanrights abuses, which is expected to prompt a backlash from Pyongyang.

Cyber gambling rakes in millions for North

North Korea is operating a lucrative gambling business incyberspace to earn hundreds of millions of dollars…

Samsung springs surprise with Q2 operatingprofit of W8T

Samsung Electronics beat analysts’ forecast to postoperating profit of 8.1 trillion won ($7 billion) in the second quarter…

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

[Editorial] Public Prosecutor General KimSoo-nam's Laid-back Perception of Reforms in the Prosecutors' Office

The foundation of the Prosecutors' Office is shaking withthe Hong Man-pyo scandal, chief prosecutor Jin Kyung-joon’s massive stockearnings, and the suicide ··

[Yu Shin-mo's Foreign Affairs in Focus] WhoIs Threatening Non-proliferation?

Will including India, a nuclear power that has not joinedthe Non-Proliferation Treaty (NPT), in an international nuclear control systemcontribute to strengthe···

[Correspondent Column] The Lonely Grave ofthe Beloved Adoptee Hyunsu

In a graveyard in Damascus, Maryland, there is onenameless tombstone. If you look closely, the tomb is not entirely without aname. Following the burial of Hyu···

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

Samsung Electronics Releases Surprise 2QEarnings Report...8.1 Tril. Won Operating Profit

Samsung Electronics again took the market unawares byputting out a surprise earnings report.

Investors Must Lower 3Q Expectations onSamsung...

Lee Jae-yoon, analyst with Yuanta Securities, said of thesecond-quarter results of Samsung Electronics on July 7, "[SamsungElectronics'] quarterly financial results exceeded the market consensus largelythanks to the good performance of its IM [IT & Communications] division andCE [Consumer Electr...

Huawei Raises Second Patent Lawsuit againstSamsung

Huawei Technologies Co. Ltd., China's largest networkingand telecommunications equipment maker, has again raised a patent lawsuitagainst Samsung Electronics. It has been only two months since the Chinesecompany argued in the court that Samsung had infringed upon itssmartphone-related patents in...

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

Mosquito-proofuniforms for golfers in Rio

South Koreanarchers and golfers will wear special uniforms to keep mosquitoes away duringtheir co…

Gomaster Sedol rules out re-match with AlphaGo

South KoreanGo grandmaster Lee Sedol has expressed his strong desire for winning agains…

ThreeOlympic wild cards for South Korean football squad

South Koreaannounced an 18-member Olympic football squad Monday along with three wildcards…

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

Samsung Electronics Makes More OperatingProfit Than Expected in Second Half of 2016

Samsung Electronics made $6.93 billion (8 trillion KRW)in operating profit in a quarter since 9 quarters ago and this amount is thebiggest operating profit since Samsung Electronics was reorganized

Samsung Display to Push for Reorganization ofIts Group on the 15th

It is heard that Samsung Display will carry out areorganization of its group on the 15th of this month.

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

SamsungElec beats expectations with $7 bn profit for 2016Q2

South Korea’sSamsung Electronics, the world’s largest maker of memory chips and smartphones,beat market expectations in the second quarter with robust operating profit of8.1 trillion...

LGElectronics, Volkswagen team up in connected car technology

South Korea’selectronics behemoth LG Electronics Inc. is teaming up with German automakerVolkswagen Group to develop a...

Fordcars cost more than $10,000 in Korea than in the United States

Ford Motor Co.vehicles sell as much as $13,765 more expensive in Korea than they would in theUnited States. The comparison...

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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:

Sendthe Embassy 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.)

Specialnotices:

Sendyour latest Embassy news releases to TheKorea 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 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 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 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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