The Korean daily media headlines and humor

TheKorean daily media headlines and humor

Tuesday, August 9, 2016

Your Excellency:

Here areThe KoreaPost notices and aroundup 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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Time’s running out! Now it’s only four days tothe cool, refreshing East Coast tour! Make your reservation now!!!

And also grab the rarestchance to receive a prestigious Plaque of Appreciation in memory of the Tour

Seen the Korean Government Temperature Map today?

Samcheokand some other areas on the East Coast are the only Cool Zone today spared from the Burning Temperaturesof Korea.So use the God-given opportunity to cool off the heat by joining The Korea Post tour of the Gracia Boutique Hotelon the upcoming Saturday. Don’t miss it! You will regret passing it up!

Countdownhas begun to the cool, refreshing tour of the picturesque East Coast city ofSamcheok and the classy deluxe resort hotel, Gracia Boutique Hotel.

Ina rare display of goodwill and friendship for the Excellency and SeniorDiplomats, the host and the city government leaders are presenting theAmbassador (or the deputy) of each country attending the Tour with a prestigiousPlaque of Apprecation, as shown above.

Hereare details of the tour of the Gracia Boutique Hotel:

Invitation to GraciaBoutique Hotel in Gangneung, East Coast to introduce new hotel

ChairpersonYeo Mung-ju of the Gracia Boutique Hotel in the Summer Resort City of Samcheokon the East Coast and the City leaders cordially invites Your Excellency andMadam to the Hotel and the picturesque beach facilities on Saturday 13 August 2016.

Fordetails on the Hotel, please visit:/news/view.html?smode=&skey=Gracia&x=23&y=13&section=162&category=182&no=1254

ChairpersonYeo is building a large, prestigious new deluxe hotel on the East Coast, andwishes to introduce the new hotel and her plan to provide the leaders of thecountries of the world visiting Korea as well as the Ambassadors in Korea withcomplimentary accommodation out of respect for the countries and in a gestureof goodwill and expression of her interest in the promotion of friendship andcooperation between Korea and the countries represented by the Excellencies.

Itineraryof the Tour for the Ambassadors and Madams on Saturday 13 August 2016 is asfollows:

0830 hours, Saturday 13 August 2016:Meet at Grand Hyatt Seoul (near the Water Fountain).

0830-1200 hours: Move from Seoulto Samcheok City, Gangwon Province.

1230-1500 hours: Luncheon hostedby Chairperson Yeo and attended by the local government and civic leaders aswell as the Ambassadors and Madams.

Thevenue is the outdoor Pine Grove, which is the scenic location site of thefamous movie, Where the Six Dragons Flew into the Sky.

Therewill be Idol Troupe performances as well as welcome ceremonies and presentationof memorial gifts.

1600-1700 hours: Introduction tothe complimentary use of the facilities of the new Hotel by the Ambassadors andtheir Families.

1700-2030 hours: Arrive back atGrand Hyatt 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:_____.

Forattendance, Excellencies (and deputies) please call Chairman Lee of The KoreaPost at cellphone 010-5201-1740.

Special Note: Excellencies who cannot make it on that day could berepresented by their spouse or a second-in-command.

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Other tours:-

1. Samsung Electronics, LG Electronics and 5^th Navy Headquarters as well as PyeongtaekCityon the West Coast on Wednesday 17 August 2016.(Invitation has alreadybeen transmitted to Your Excellency.)

2. Korea Institute of Civil Engineering and Building Technology on Friday 19 August 2016.

(Invitationhas already been transmitted to Your Excellency.)

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

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

ParkLashes out at THAAD Opponents at Convention

President ParkGeun-hye has again defended the government’s decision to deploy the U.S.Terminal High Altitude Area Defense(THAAD) system in South...

Gov'tPresses Opposition Parties to Pass Extra Budget 

Anchor: Thegovernment has asked for the people's support behind its extra budget plan thatawaits approval by the country's legislature. In a...

KOSPICloses at Yearly High on Tuesday

ParkLashes out at THAAD Opponents at Convention

Gov'tPresses Opposition Parties to Pass Extra Budget

TheMinjoo to Handle Extra Budget Plan Within This Month

S.Korea to Deploy Taurus Missiles against N. Korean Facilities 

S.Korea-Japan Director-level Talks Held in Seoul

PMUrges National Unity in Addressing THAAD Issue

DailyNK: 2 N. Koreans Who Attempted Escape Forcibly Repatriated

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

S.Korea, U.N. aviation body to discuss reaction to N. Korea's unannounced missilelaunches

South Koreaand the United Nations' air navigation regulator, the International CivilAviation Organization (ICAO), will discuss this week ways to respond to NorthKorea's re...

S.Korea attends Asia-Pacific mission to prepare for natural disasters

South Korea'smilitary officials and civilian experts have participated in an annualAsia-Pacific mission designed to jointly work on preparing for naturaldisasters, the U.S...

S.Korea to manage national debt-GDP ratio at under 45 pct

The South Koreangovernment will keep the ratio of national debt against the gross domesticproduct (GDP) at 45 percent or lower from next year as part of its long-termplan...

Chiefof Audi Volkswagen Korea to be summoned this week 

Stateprosecutors on Tuesday said the local chief of German carmaker Volkswagen willbe summoned this week so he can be questioned on irregularities committed bythe automake...

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

Phelpsscores 19th Olympic gold

Michael Phelpshas to clear out more space in his medal case.Time to mak...

BlueHouse, parties resist Google's map push

The SouthKorean government and the opposition parties are on rare common ground, as theyconti...

Scorchingheat amplifies calls to reform Korea’s power rate system

Amidsweltering heat, South Korea’s electricity rates came under fire Monday, with agrowing n...

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

Olympicbroadcasters hit for sexist remarks 

TVbroadcasters for the Rio Olympics have been making reckless sexist remarksabout female athletes, raising viewers’ eyebrows.

C-storesthe biggest beneficiaries of Olympics 

Whichbusinesses enjoy the biggest benefits when mega sports events, such as theOlympics and World Cup soccer finals, take place? 

Manfined for damaging national treasure 

A man has beenfined 1 million won ($904) for damaging a shrine in Seoul designated as anational ... 

Rio2016: Athletes with unique profiles 

As at pastOlympics, the Rio Games features some unusual competitors. 

Bangladeshexpels N. Korean diplomat for smuggling 

Bangladesh hasexpelled a North Korean diplomat for smuggling goods worth $500,000.

Unification'to cut S. Koreans' income by 30% for decade' 

If the twoKoreas are reunified, South Koreans’ per capita income could fall by up to 30percent for 10 years, a study showed Monday. Super-aged

Korea'sGDP set to plunge 

Korea’s grossdomestic product in 2026, when the nation is expected to enter into asuper-aged society, is expected to fall 8 percent from 2014, a reportsaid... 

Reunificationof 2 Koreas may sharply cut S. Korea's per capita income: report 

South Korea'sper capita income could plunge by up to 30 percent if the divided two Koreasare uni...

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

Japaneseemperor Akihito reveals desire to abdicate

Japaneseemperor Akihito spoke publicly about the possibility of leaving throne in atelevised address on Monday. It has been alm…

JudokaMajlinda Kelmendi becomes first Kosovo Olympic medalist

For the firsttime in the history of the Olympics, Kosovo’s national flag flaps at thehighest spot. Majlinda Kelmendi wept after…

Pres.Park makes a bid to defend THAAD deployment plan

In a meetingwith her senior presidential secretaries on Monday, President Park Geun-hyecriticized logic behind the opposition p…

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

S&P Raises Korea's Credit Rating to AA

Credit rating firm Standard & Poor's on Monday raisedKorea's sovereign rating one notch from AA- to AA, the third-highest on its21-tier rating scale and the country's highest so far.

Korea Suffers Blows to Medal Hopes

Korea may have to modify its medal target at the Rio 2016Summer Olympics in Brazil after a series of defeats in favorite disciplines.

Record Sales of Small Apartments in Seoul

Small apartments are selling at record rates in Seoul,while buyers shun the larger family apartments that used to define the middleclass, as prices skyrocket.

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

[Newsanalysis] S. Korea with unusually blunt criticism of China over THAAD

As oppositionlawmakers visit China, Park administration trying to rally support overcontroversial deployment decision

[Column]For N. Korean denuclearization, China must play a tougher diplomatic game

North Korea’scontinued nuclear and missile tests brought on Seoul and Washington’s decisionto deploy a Terminal High Altitude Area Defense (THAAD) system with US ForcesKorea…

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

S&P upgrades Korea’s credit rating to AA

Standard and Poor’s (S&P), one of the world’s topcredit ratings agencies, upgraded Korea’s sovereign credit rating to a recordhigh of AA from AA- Monday.

U.S. slaps new duties on Posco, Hyundai Steel

Korean steelmakers are preparing legal action to respondto the U.S. Department of Commerce’s…

Park rips into reps visiting Beijing to talkabout Thaad

President Park Geun-hye Monday lashed out at politicalrivals’ opposition to the deployment of a U.S.…

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

'Government Should Not Cancel Youth AllowanceProject' District Heads in Seoul Oppose Government Position

The heads of gus, local districts in Seoul are opposingthe central government's latest move to withdraw the city's Youth ActivitiesSupport Project (Youth Al···

[Ha Seung-soo's Gap] Reforming the ElectoralSystem Is More Urgent than a Constitutional Amendment

People often refer to this society as one in which onestands against the other ninety-nine. This means that the top 1% holdpolitical, economic and social powe···

[Reader Contribution] Let's Scream at the Topof Our Lungs, 'Farewell, Corruption!

'When I heard the news of the Constitutional Court'sruling that the Act on the Prohibition of Illegal Solicitation and Bribes(a.k.a. Kim Young-ran Act) was co···

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

Fake Goods into a Global Powerhouse inInnovation

The U.S. mobile messenger “Facebook Messenger” added amobile payment feature back in March 2015 and joined hands with Uber to add thecar-hailing feature in December 2015. These services, however, are far from theworld’s first developments. Tencent’s mobile messenger WeChat has alreadyintrodu... 

The U.S. to Levy Tariff of up to 61% onPOSCO's Hot-rolled Steel Plates

The U.S. government decided to impose tariffs of up to 61percent on Korean-made hot-rolled steel plates, which would inevitably weaken theexport competitiveness of Korean steel suppliers, including POSCO. On August 5(local time), the U.S. Department of Commerce finally confirmed the rates ofant...

[Market Insight] Several Securities Firms EyeHI Investment for Takeover

LIG Investment & Securities, the securities firm forwhich Cape Investment acquired recently, is now weighing whether to purchase HIInvestment & Securities, a financial services arm of Hyundai HeavyIndustries. Following announcements by financial regulators that they wouldconsider nurturing large...

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

HyundaiHeavy wins Greek order to build two large crude

Hyundai HeavyIndustries, the world's largest shipyard, has secured an order from a Greekshipping company to build two very large crude c…

SouthKorea to get air-launched Taurus cruise missiles

South Koreawill be the first Asian country to bring in Taurus, a powerful air-launchedcruise missile that enables jet fighters to make a pre…

SKNetworks voices interest in acquiring kitchen applia…

SK Networks, atrading and retail arm of South Korea's third largest conglomerate, SK Group,expressed its interest Tuesday in joining a race to …

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

Samsung and LG Once Again Dominate TV Markets

Global TV markets could not escape a trend of degrowtheven in first half of 2016. Although they were expecting huge sporting eventssuch as Olympics and Euro 2016...

South Korea’s Battery Technology Expected toBe Used by Apple for...

It is predicted that South Korea's small and mediumcompany's

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

S&Pupgrades S. Korea’s sovereign credit rating to AA

Global creditratings agency Standard & Poor’s (S&P) upgraded South Korea’s sovereigncredit rating, citing relatively sound economic growth and flexible fiscal andmonetary policies. The...

SamsungElectronics reportedly seeks government support to promote auto

South Korea’stech giant Samsung Electronics Co. that is going all-out to promote theautomotive business as one of its...

S.Korea’s Dong Hwan develops bug-repellent fabric Bug Guard

South Korea’stextile processing company Dong Hwan Co. has developed mosquito and insectrepellent fabrics for the first time...

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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),

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(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:

Invitation to Samsung Semiconductor, LG Electronics, 2nd ROKNavy Headquarters and Pyeongtaek City

Iam pleased to inform Your Excellency that Mayor Gong Jae-gwang of thePyeongtaek City of Gyeonggi Province, together with the CEOs of the SamsungSemiconductor and LG Electronics, and the Second ROK Navy Commander, cordiallyinvites Your Excellency and Madam to visit the two major electronics companiesof Korea and the ROK Navy Base as well as the Pyeongtaek City Government on Wednesday August 17, 2016.

Pleasevisit: http://koreapost.koreafree.co.kr/news/view.html?section=161&category=180&no=1324for detailed information on the Pyeongtaek City.

Theitinerary of the Tour is as follows:

0830hours Wednesday August 17, 2016: Meet at Grand Hyatt Seoul (near the WaterFountain).

0830-1000hours: Move by Limousine Buses to the Pyeongtaek City Government Hall.

1000-1100hours: Have tea with Mayor Gong Jae-gwang, see introductory video on Pyeontaekand photo session

1120-1200hours: Visit and inspect the production facilities of the Samsung SemiconductorPlant in Go-deok.

1200-1330hours: Attend Luncheon (buffet) hosted by the Mayor of the Pyeongtaek City.

1330-1430hours: Visit and inspect the LG Electronics Plant in Pyeongtaek

1530-1630hours: Visit and inspect the Republic of Korea Navy Second Fleet Headquarters.

1700-1800hours: Visit the Information Hall of the Pyeongtaek Harbor.

1800hours: Leave Pyeongtaek City for Seoul (Grand Hyatt 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:_____.

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Invitation of Excellenciesto the Korea Institute of CivilEngineering and Building Technology

Iam pleased to inform Your Excellency that President Tai-sik Lee of the KoreaInstitute of Civil Engineering and Building Technology (KICT) of the Ministryof Construction cordially invites Your Excellency and Madam to a tour of theInstitute on Friday August 19, 2016.

Ifdesired, Your Excellency could be accompanied also by a construction- and/oreconomic officer of the Embassy. Please visit: /news/view.html?section=160&category=179&no=1327

Itrust that the Tour would provide Your Excellency with a rare opportunity tohave a glimpse into the advanced construction technology of Korea and that itwould be extremely conducive to the promotion of understanding and cooperationbetween Korea and your esteemed country in the area of construction. Theitinerary follows:

0830 hours Friday 19 August 2016: Meet at Grand Hyatt Seoul(near water fountain).

0830-0920 hours:Move by Limousine Buses to the Head Office of the Korea Institute of CivilEngineering and Building Technology in Ilsan northwest of Seoul.

0920 hours: VisitingExcellencies and Madams to be welcomed at the Entrance Hall.

0930-1120 hours:Introducing of visiting Excellencies and Madams and also the leaders of KICT.Welcome remarks, presentation of Plaque of Appreciation to the KICT presidentand memorial gifts to the visiting Excellencies and other diplomats.

1120-1130 hours: Photo session.

1130-1220 hours: Inspection ofvarious facilities, including BIM Room.

1230-1400 hours: Attend buffetluncheon attended also by the CEOs of small-medium industries.

1400 hours: Leave KICT for Grand Hyatt Seoul.

VeryRespectfully Yours

/s/

LeeKyung-sik

Publisher-Chairman

The Korea Post phones: 2298-1740/2, mobiles 010-3388-1682(Korean) and 010-5201-1740 (Chairman LeeKyung-sik).

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

Mobilephone of driver orsecretary:____________________.     Regrets:_____.

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