The Korean daily media headlines and humor

TheKorean daily media headlines and humor

Friday, July 22, 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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MeetPrime Minister Hwang Kyo-ahn at the World Insect Expo, receive a prestigious Plaqueof Commendation

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

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

EnvironmentalAssessment on THAAD Site to Begin after Several Months

Astudy on the environmental impact of the site which will house the U.S.Terminal High Altitude Area Defense(THAAD) battery in Seongju, North...

ParkDefends THAAD Decision at NSC 

Anchor:President Park Geun-hye has convened the National Security Council in the wakeof the recent missile launches by North Korea. At the meeting,...

RulingParty to Adopt Cutoff Rule in Leadership Election

EnvironmentalAssessment on THAAD Site to Begin after Several Months

ParkDefends THAAD Decision at NSC

FinanceMinister: Tax Code Revision to Help Corporate Restructuring

UNChief Ban Asks for Ex-PM Kim Jong-pil's Help after Retirement

DefenseMinister: THAAD Deployment Approved by Park after NSC Discussion

MinisterDismisses Concerns on China's Commitment to Denuclearizing N. Korea

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

U.S.institute claims discovery of secret N. Korean uranium facility

A U.S.research institute on Thursday said it has located a suspected secret nuclearfacility that North Korea used in the early stages of its uranium enrichmentprogram.

U.S.experts cautions against Obama administration adopting nuclear 'no-first use'doctrine

Theadministration of U.S. President Barack Obama should not adopt a nuclear"no first use" doctrine at a time when North Korea increases itsnuclear arsenal and threatens key U.S. allies South Korea and Japan, U.S.experts said Thursday.

LGto smart car parts for Toyota

LG ElectronicsCo. of South Korea will provide key components for Toyota Motor Corp.'s smartcars, an industry source said Thursday.

Presidentialadvisory group backs THAAD deployment

South Korea'spresidential advisory body on inter-Korean ties adopted a resolution Thursdaysupporting the deployment of an advanced U.S. missile defense system, calledTHAAD, on the peninsula.

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

Scandalsshow Park's grip fading

The ongoingallegations involving several of President Park Geun-hye’s top aides have addedto her growing lame duck sy...

Top-downcorporate culture continues to take its toll

[THE INVESTOR]About two months ago, a 33-year-old prosecutor hung himself at his home insouth...

N.K.says missile test aimed at ports, airfields in the South

North Koreasaid Wednesday that Tuesday’s launch of three missiles was aimed at boostingits c...

Electriccar chargers to be available at telephone poles

[THE INVESTOR]Electric car chargers will likely be available at telephone poles across thecou...

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

GoogleKorea under probe over market abuse 

The country’santitrust agency is investigating Google over allegations it abused itsdominant position, forcing smartphone manufacturers using its Android op...

Regulatorwarns banks of membership points war  

The FinancialSupervisory Service (FSS) issued a warning to KEB Hana Bank, Shinhan Bank andWoori Bank about their overheated competition to attract more cust... 

LGElectronics to move Europe headquarters to Frankfurt 

Korea's LGElectronics plans to move its European headquarters to Frankfurt from Londonnext month... 

N.Korea ranks middle in world academic standard: study 

North Korea’sacademic standard is middle rank in the world, according to a U.S.-based mediaoutle... 

Chinesesmash iPhones in anti-U.S. protest 

The PermanentCourt of Arbitration’s (PCA) ruling that China’s South China Sea claims have nolega... 

Earlyheat wave kills three in Korea 

An early heatwave in Korea has claimed three lives. 

Americansaves suicide jumper in Busan 

An Americansaved a man who jumped off a bridge into a river to commit suicide in BusanWednesday. 

Seoulhails taxi voucher plan for foreign tourists 

SeoulMetropolitan City will sell taxi vouchers to people overseas planning to visitKorea for use...

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

Koreanengineers develop 3D-touch technology for multiple pressure points

South Koreanengineers have developed a transparent three dimensional touch sensor that canrecognize the pressure of multiple fi…

U.S.lawmaker defends THAAD deployment plan

A U.S. Houselawmaker said Wednesday he would like to have a Terminal High-Altitude AreaDefense (THAAD) battery “in my backyard”…

MLBbans online game if there is any prize money

Bowie Kuhn,former Major League Baseball (MLB) commissioner, put the legendary MickeyMantle (1931-1995) of the New York Yankees …

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

Shipbuilding, Construction Orders fromOverseas Plummet

Korean construction firms and shipbuilder alike arefacing a historic dearth in orders from overseas as they teeter on the brink ofinsolvency.

LG to Move Euro Headquarters Out of U.K.

LG Electronics is to relocate its European headquartersfrom London to Frankfurt after the U.K. voted to leave the European Union. LG'sGerman office in Dusseldorf will also move to Frankfurt. LG considered movingits main regional office to Germany last year when talk of Brexit began to pickup steam.

Workers in Big Businesses Earn Twice as Muchas in SMEs

The wage gap between workers in major conglomerates andsmall and mid-sized companies has grown so much that the former earn almosttwice as much as the latter. The wage gap stood at W31.81 million last year, up7.6 percent compared to 2014.

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

NorthKorean missile launches apparent practice for striking major South Korean ports

Statenewspaper says North Korea was preparing to hit locations with US nuclearequipment.

Environmentalassessment to be carried out before THAAD deployment

On July 21,South Korean Defense Minister Han Min-koo said that the South Korean governmentwould be deliberating with the US about assessing the environment impact ofdeploying the THAAD missile defense system in Seongju County, North GyeongsangProvince.

Comfort womenfoundation could be launched next weekSometime next week, the South Koreangovernment is planning to launch the Reconciliation and Healing Foundation.

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

Pay talks fail; Hyundai Motor strikecontinues

The 14th round of wage negotiations between Hyundai Motorand its labor union held Thursday failed…

Park defends her embattled civil affairssecretary

After the integrity of her administration was questionedby a series of corruption scandals involving high-ranking officials…

Gov’t appeals for tax reform support from theAssembly

The government appealed to the National Assembly onThursday to pass a set of tax reforms…

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

[Woo Byung-woo Scandal] President Park'sDouble Standards: A Sword to Chae Dong-wook, But a Blind Eye to Woo Byung-woo

In September 2013, the press revealed the"extramarital son" of Public Prosecutor General Chae Dong-wook. Chaeclaimed that he knew nothing of the sort and fi···

[Editorial] The Intervention in CandidateNominations by Senior Secretary for Political Affairs Is Intervention by thePresident

Additional circumstances revealed that former Cheong WaDae Senior Secretary for Political Affairs Hyun Ki-hwan also intervened incandidate nominations for the···

[Saenuri Party's Candidate Nomination Fiasco]'A Promise from Me Is a Promise from the President' Former Senior SecretaryHyun Ki-hwan Also Exerted Influence on Candidate Nomination

On July 19, a transcript of a phone call made by formerCheong Wa Dae Senior Secretary for Political Affairs Hyun Ki-hwan (59) toformer lawmaker Kim Sung-hoe, ···

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

You Mustn't Be Afraid of Standing up toCriticism"...Prez. Park

President Park Geun-hye said in a National SecurityCouncil meeting on July 21, "I have been getting a lot of criticism thesedays but the whole state would be shaken up if I get shaken up because ofthis." She also said to the staff in attendance of the meeting, "Youmust not be afraid of standing ...

U.S. Gov't Imposes Anti-dumping Duties onSamsung and LG Washers Produced in China

The U.S. Department of Commerce will impose ananti-dumping tariff to the washing machines of Samsung and LG Electronics producedin China. According to foreign news media reports on July 21, the commercedepartment of the United States ruled in favor of Whirlpool for a suit raisedin December last ...

SC Engineering Breaks Ground for FertilizerPlant Construction in Vietnam

SC Engineering said on July 20 that it would set out tobuild a composite fertilizer plant in a site within the Hiep Phuoc industrialpark located in the south of Ho Chi Minh City. At the groundbreaking ceromonyheld on the same day, the company's chairman Chang Jeong-ho and president YoonHyung-geu...

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

USinstitute claims discovery of uranium facility in No…

A US researchinstitute said it has located a suspected secret nuclear facility that NorthKorea used in the early stages of its uranium enrichment progra…

ShinhanFinancial increases capital for investment bank…

ShinhanFinancial, a major South Korean banking group, approved a capital increase of440 million US dollars through rights issue Thursd…

Ruraltown villagers stage anti-THAAD protest in Seoul

A group of 20protesters shaved their heads Thursday in protest at the deployment of anadvanced US missile system in South Korea during a rall…

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

Global e-shopping]ARDEN BIKE WEAR: targetingthe world-market with its made-in-Korea bike wear

Either to work or as part of one’s leisure time, riding abicycle is not out of the ordinary any more. It is now embedded in one’s everydayactivities, thus many people are looking for bike wear for

Commission for South Korean Robo-Advisors toBe More Expensive than American Robo-Advisors

It is seen that Robo-Advisors that South Koreanconsulting companies put out have higher commission and higher membership costthan American Robo-Advisors because market is not formed as it is suppose

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

HanwhaDefense aims to raise $2 billion in sales by 2025

Hanwha DefenseSystems Co., a defense unit of South Korean conglomerate Hanwha Group, unveileda new vision on Wednesday of ...

HyundaiMobis opens new logistics center in Belgium

South Korea’slargest auto parts supplier Hyundai Mobis Co. said Wednesday that it has begunoperations of its newest logistics ...

LotteDepartment Store to add specialty stores

LotteDepartment Store will add specialty shops selling fashion and home furniture ina bid to develop a new cash cow as its ...

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Your Excellency:

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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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Mayor Lee Hyun-joon of the YecheonCounty cordially invites all the ambassadors, spouses

YecheonCounty government hosts World Insect Expo Yecheon 2016

Locatedat the foot of 1,430-meter high Mt. Sobaek in southeastern part of Korea,Yecheon County has been preserving clean environment with thick foreststhroughout the region. Capitalizing on this clean and eco-friendly environment,the Yecheon County government initiated programs of researching and developingindustrial insects by establishing an industrial insect research institute in1998 ahead of other local autonomous governments. Based on researchachievements, resources and experiences accumulated for a decade, the Countyauthority hosted the first insect expo in 2007 and the Insect Bio Expo in 2012when it showcased as many as 330,000 insects of 100 species, such as honeybees, osmiacornifrons, dynastid beetles, dorcushopeis and protaetiabrevitarsis.(Please scroll down to the bottom for the Mayor’sLetter of Invitation at the bottom of this Report.)

Acknowledgingachievements and programs, the then Ministry of Knowledge Economy (nowintegrated into the Ministry of Trade, Industry and Energy) designated theCounty as the special zone of insect industry in 2009. Encouraged by thedesignation, the municipal government has been concentrating efforts ondeveloping and commercializing insects as well as development of eco-friendlyagriculture. It also built the ecology institute of insects and a butterflyobservation park.

Havinggrown as the home of insects, the Yecheon County government will hold the WorldInsect Expo Yecheon 2016 for 17 days from July 30th (Saturday) to August 15th(Monday), 2016 organized by Yecheon Insect Expo Organizing Committee under thetheme of ‘Smart Future Together with Insects’. The expo is designed to showcasethe mysterious world of insects and vision of insect industry through a largevariety of things to see, experience and enjoy at diverseeco-edutainment-oriented programs of exhibitions, festivals and events. Theexpo facilities will be consisted of six major spaces, including the insecttheme hall, insect experiencing hall, insect industry hall, Fabre’s garden,insect ecosystem park and bio-industry exhibition hall.

▲EcologicalExperience Hall

Asthe world’s largest insect exposition, programs and events of the World InsectExpo Yecheon 2016 will include special exhibition of edible insects, rareinsects and endangered insects, insect cooking contests, insect food cookingshow, experience of insect foods, children’s cartoon contest with live drawingshow of Kim Pung, a popular webtoonist, eco-friendly painting contest ofchildren, and operation of insect-featuring 3D video show, using thesefacilities. Symposiums on insects and insect industry will also take placeduring the Expo.                     

Theinsect theme hall will provide visitors with a chance of reevaluating inherentvalue and features of insects, and exploring future life by presentingpotentiality of insect industry. It will introduce the interesting world ofwaterside insects that fiercely struggle for existence, forest insects thatbuild environment, and smart insects in cities. It will also deliver necessityof the insect industry that emerges as an alternative for preventingdestruction of environment and shortage of resources by highlighting insectsthat help man and keep ecosystemic relations with mankind. At the same time,the hall will display value of insects as sustainable future alternativeresources, and world situation and vision of edible insect industry andinsect-driven eco-friendly agriculture, as well as future technologies thatleverage capabilities of super insects, such as biotechnology, green technologyand robot technology.

Inother halls, including insect experiencing hall, insect industry hall, Fabre’sgarden, insect ecosystem park and bio-industry exhibition hall, they arouseinterest in insects, showcase performance and technologies related with insectindustry, provide information on inherent features of insects, and publicizethat creative agriculture is a vital industry and future growth engine throughsymposiums and workshops. Among programs and events, particularly noteworthyones are the first and premium insect food contest, insect food cooking andtalk show taken part by prominent chefs from Korea, Japan and Bulgaria, andinternational symposium on insect bioindustry.

Asthe venue of the World Insect Expo Yecheon 2016, Yecheon County has a number oftourist attractions, including the Yongmun-sa, a Buddhist temple with historyof over 1,100 years, a 600-year old pine tree named Seoksongryeong, andGeumdangsil Traditional Village. The Yongmun-sa Temple has several nationaltreasures including the Daejangjeon, the oldest wooden building in Korea, andMokbuljwasang, a wooden Buddhist statue. The old pine tree, Seoksongryeong, isunique in that it pays tax to the municipal government as the owner of a largearea of land. The Geumdangsil Traditional Village is preserving manytraditional Korean houses and shrines of ancient aristocrats including a99-roomed house of Lee Yuin, a high-level government official in the JoseonDynasty. Most of these ancient buildings are designated as cultural assets.Another cultural asset in the Village is a dolmen of the Bronze Age.

▲InsectBio Expo Yecheon 2012

▲Panoramicview of Yecheon World Insect Expo 2012

▲Accreditedby International Congress of Entomology (ICE)

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 to edt@koreapost.com.)

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