The Korean daily media headlines and humor

TheKorean daily media headlines and humor

Wednesday, July 27, 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/)

AudiVolkswagen Korea Asks for Leniency at Hearing

A hearing washosted by the Ministry of Environment on Monday to give Audi Volkswagen Korea achance to clarify its position in the...

S.Korea Signs $6 Mil. Nuclear Energy Contract with UAE 

South Koreahas signed a one-trillion won contract with the United Arab Emirates(UAE) tooperate four nuclear reactors it is building in...

S.Korea's Export Volume Grows 3.9% in June

AudiVolkswagen Korea Asks for Leniency at Hearing

KOSPIAdvances; KOSDAQ Falls

EnvironmentMinistry Holds Hearing to Listen to Volkswagen's Views

IMFRaises 2017 Growth Forecast for S. Korea to 3%

S.Korea's Stock Market Cap Rises 2.3% from December, Regains World's 14thPosition

S.Korea Signs $6 Mil. Nuclear Energy Contract with UAE

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

Toyotarecalls 6,200 cars for defective airbags

Toyota is recallingover 6,200 cars sold in South Korea for defective airbags, the transportationministry said Tuesday.

Obamasays U.S. commitment to S. Korea 'will never waver'

U.S. PresidentBarack Obama said Monday the U.S. commitment to South Korea's security willnever waver and the country will stand shoulder-to-shoulder with the Asian allyin defense of peace and prosperity.

S.Korean vice defense minister arrives in Washington for defense technology talks

South KoreanVice Defense Minister Hwang In-moon arrived in Washington on Monday for talkswith U.S. officials about increasing defense technology cooperation between thetwo countries, an official said.

Democraticconvention opens to nominate Hillary Clinton for White House

The U.S.Democratic Party opened its national convention Monday to formally nominateHillary Clinton as its candidate for the White House and rally public supportfor her bid to become the first female president in U.S. history.

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

Seoullays out nuclear fuel safety measures

The Seoulgovernment has set up a basic scheme to safely manage spent nuclear fuel, amidpublic...

Unidentifiedgas odor plague Busan, Ulsan

Over 200reports of natural gas odors plagued Busan and neighboring Ulsan over theweekend, but...

Chinesefirms vie for ING Life Korea acquisition

Yet anotherKorean life insurance company may be taken over by China. The race to acquireING L...

Foreignministers of China, N.K. meet at ARF

Breaking adrawn-out cooling-off period after Pyongyang’s nuclear and missile tests, thetop diplomats of North Korea a...

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

Japanesefight to block 'comfort woman' statue in Sydney 

A Japanesegroup is opposing the “Statue of Peace” to be erected in Sydney on August6. 

S.Korean soldier 'innocent' over Kim Jong-il admiration 

An appealscourt has cleared a former South Korean soldier of charges over his admirationof forme...

Hightobacco tax means low happiness, acute corruption: report 

The higher theshare of tobacco taxes in a country’s total revenue, the lower its people’ssense of happiness and perception of corruption, a study said Wedne... 

KangJung-ho's alleged sexual assault victim identified 

The victim ofPittsburgh Pirates third baseman Kang Jung-ho’s alleged sexual assault has beeniden... 

MoreRussians banned from Rio Games 

The list ofRussian athletes banned from competing at the Rio Olympics is growing. So far,105 hav...

40%of corporate recruiters receive job favors requests 

Four out of 10corporate human resources officers have experienced receiving job-related requests,and one in four admits there is an employee who entered the...

Korea'slabor indexes remain below OECD average 

Various Koreanlabor-related indexes -- as shown by the oldest retirement age, thethird-longest working hours and low minimum wage -- fall far short of the O...

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

MichelleObama’s DNC speech moves audience

“TodayI wake up every morning in a house that was built by slaves. And I watch mydaughters, two beautiful, intelligent, black y…

N.Korea to upgrade its air defense capability

North Korea issuspected to be developing a self- defense missile system to fortify itsairspace. In a report named "Analysis and…

FBIsuspects Russia for the DNC email leak

The FBI, whichis investigating how Democratic National Committee emails were leaked, is alsoprobing whether Hillary Clinton and…

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

Kim Jong-il's Widow Sent to Prison Camp

Former North Korean leader Kim Jong-il's fourth wife KimOk was purged and sent to a prison camp less than a year after her stepson KimJong-un took power, Radio Free Asia reported Tuesday. The last straw wasapparently the arrogant attitude of her younger brother Kim Kyun.

Births and Marriages Dwindle to Record Low

The number of marriages and births sank to record lows inthe first five months of this year, Statistics Korea said Tuesday. The numberof childbirths stood at 34,400 in May, down 5.8 percent compared to the samemonth last year and the lowest for May since monthly statistics started in2000.

Record Summer Brings Heatstroke Hazard

The number of sufferers of heat-related illnesses likeheatstroke and exhaustion has more than doubled from last year amid recordtemperatures this summer. Some 539 sufferers went to hospital from May 23 toJuly 24, nearly 2.1 times as many as last year's 260.

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

Comfortwoman statue still sticking point in interpreting Dec. 28 agreement

A diplomaticskirmish between the US and China at the ASEAN Regional Forum ended with Chinaat an advantage.

NorthKorean foreign minister’s smiling debut at regional forum

On the morningof July 25, North Korean Foreign Minister Ri Yong-ho was all smiles as heenjoyed a leisurely breakfast at the Don Chan Palace Hotel in the Laotiancapital of Vientiane with the six other members of the North Korean delegation.

NorthKorean foreign minister’s smiling debut at regional forum

On the morningof July 25, North Korean Foreign Minister Ri Yong-ho was all smiles as heenjoyed a leisurely breakfast at the Don Chan Palace Hotel in the Laotiancapital of Vientiane with the six other members of the North Korean delegation.

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

North orders terror strikes on South Koreans

North Korean leader Kim Jong-un ordered terror attacksagainst South Koreans living overseas…

Embattled Woo gets first ‘special inspection’

A scandal-plagued senior aide to President Park Geun-hyehas become the first target of an investigation…

Korea’s demographics continue to decline

Fewer Koreans are getting married and having babies asfuture economic conditions remain uncertain…

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

[ASEAN Defense Ministers’ Meeting: ADiplomatic Battle] South Korea Pushed Aside after THAAD Decision

Concerns that the decision to place the Terminal HighAltitude Area Defense (THAAD) system on the Korean Peninsula would leave SouthKorea's foreign policy dri···

[Woo Byung-woo Scandal] An Investigation intoSenior Secretary for Civil Affairs: Cheong WaDae Opts to Distance Itself fromWoo as Allegations Grow Overnight

An independent inspector general answering directly tothe president has launched an inspection of Woo Byung-woo (49), seniorsecretary for civil affairs. The m···

[Jeong-dong Column] [Aftermath of the THAADDecision] The Placement of THAAD Is a Matter of National Sovereignty

The Constitution is not a plaything of power. TheConstitution lies at the center of state administration, ultimately, to limitstate power and to guarantee the···

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

2Q Economic Growth Remains below 1% for 3Consecutive Quarters

The second-quarter economic growth rate has remained at0.7 percent. Even though domestic consumption and export turned to positivefigures quarter on quarter, the growth rate was unable to break out of the1-percent barrier for three consecutive quarters. The government's fiscalspending that has s... 

Nonghyup Bank Tightens Its Loans to SamsungHeavy

Nonghyup Bank will try to recover its loans made out toSamsung Heavy Industries instead of renewing their terms when they are due inOctober this year. This will be the first instance in which a commercial bankcalls in its loans from large corporations after the government started itsrestructuring...

Oil Price May Fall back down below $40 aBarrel

A pessimistic outlook on the international oil prices isspreading widely so that the price may decline below the US$40 level a barrelagain due to a supply glut, weak demand, and mounting inventory. The Septemberfutures price of West Texas Intermediate fell 2.4 percent to $43.13 at the NewYork Me...

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

Sistar'sHyorinreleases 'I Miss You', OST …

[Courtesy of1theK YouTube channel] Sistar'sHyorin released a new track "I MissYou" Tuesday. The track is the fifth song released as one of the OSTs for…

LGDisplay to invest 1.75 billion dollars to meet globa…

LG Display'sPOLED [Courtesy of LG Display] South Korea's LG Display is to invest twotrillion won (1.75 US dollars) to meet the rising global demand for…

SouthKorean researchers create cancer-devouring robot

[Courtesy ofChonnam University] A team of South Korean researchers from Chonnam University,led by professor Park Seok-ho created a microscopic robot capable of…

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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’severyday activities, 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/ )

HyundaiMotor’s Q2 OP up slightly on domestic sales

South Korea’slargest automaker Hyundai Motor Co. fared better than expected in the secondquarter on domestic sales led by luxury Genesis sedans and sales tax incentive,but faced tough ...

SKHynix Q2 operating profit drops 67.1 % on year on soft chip prices

SK Hynix Inc.,the world’s second largest memory chipmaker, reported the smallest operatingprofit in the second quarter since ...

Koreanbio-similars expand footprint in Europe

U.S.biotechnology company Biogen last Friday attributed robust second-quarterearnings to Benepali, the first etanercept ...

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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 preventing destructionof environment and shortage of resources by highlighting insects that help manand keep ecosystemic relations with mankind. At the same time, the hall willdisplay value of insects as sustainable future alternative resources, and worldsituation and vision of edible insect industry and insect-driven eco-friendlyagriculture, as well as future technologies that leverage capabilities of superinsects, such as biotechnology, green technology and 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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