August 12, 2016
TheKorean daily media headlines and humor
Friday, August 12, 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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Finally, it is tomorrow! The cool, refreshing East Coast tour! Make your last-minute reservationnow!!!
And also grab the rarestchance to receive a prestigious Plaque of Appreciation in memory of the Tour
Samcheok, one of the rarest cool zones in Korea in the middle ofburning mid-summer weather!
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 Hoteltomorrow!Don’t pass up the rare opporunity!
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 Appreciation, 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§ion=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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IfYour Excellency should pass up the Samcheok Tour tomorrow due to otherappointment, here is another tour Your Excellency should not miss:
Invitation to the Korea Institute of Civil Engineering andBuilding Technology in Seoul
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 byLimousine Buses to the Head Office of the Korea Institute of Civil Engineeringand Building Technology in Ilsan northwest of Seoul.
0920 hours: Visiting Excellenciesand Madams to be welcomed at the Entrance Hall.
0930-1120 hours: Introducing ofvisiting Excellencies and Madams and also the leaders of KICT. Welcome remarks,presentation of Plaque of Appreciation to the KICT president and memorial giftsto 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 GrandHyatt 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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Other tour:-
1. Samsung Electronics, LG Electronics and 5th Navy Headquarters as well as PyeongtaekCityon the West Coast on Wednesday 17 August 2016.(Invitation has alreadybeen 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/)
Pres.Park, New Saenuri Leadership Meet amid Harmonious Mood
President ParkGeun-hye hosted a luncheon with the ruling Saenuri Party's new leadership atthe presidential office on Thursday. The meeting,...
KOSPITicks up for 6th Straight Session
The benchmarkKorea Composite Stock Price Index(KOSPI) closed at yet another yearly high onThursday for the fourth straight day. The main index...
Park:Gov't to Announce Measures on Disputed Power Billing Scheme
Pres.Park, New Saenuri Leadership Meet amid Harmonious Mood
KOSPITicks up for 6th Straight Session
PoliticalParties Start Discussing Ways to Revamp Progressive Electricity Pricing
USMDA Chief Visits JCS to Discuss THAAD
Minjoo:Lawmakers' Visit Paved Way for Easing Strained Relations with China
USFKCommander, US Missile Defense Chief Discuss THAAD, N. Korea
OppositionProposes Revision to Nuclear Safety Law
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Yonhap (http://english.yonhapnews.co.kr)
U.S.issues latest travel warning for N. Korea
The U.S. StateDepartment issued a new warning against traveling to North Korea on Thursday,saying the communist regime threatens to treat detained American citizens a...
Kerrysays U.S.-Korea alliance brings peace in Northeast Asia
U.S. Secretaryof State John Kerry said Thursday the "critical security alliance"with South Korea is key to peace and stability in Northeast Asia, as he issueda congr...
Shortof making history, archer still pleased with bronze
For Ki Bo-bae,the gold in women's individual archery at the Rio de Janeiro Olympics wouldhave meant so much to history.
S.Korean coach says 1st goal crucial vs. Honduras in men's football quarters
Scoring thefirst goal will be the key for South Korea against Honduras in the Olympicmen's football quarters, the team's coach said Thursday.
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The KoreaHerald (http://www.koreaherald.com)
[Industry4.0] Future of Korean economy now
Cars, chipsand cellphones have been the dynamos of the Korean economy for the pastdecades, he...
Koreato cut use of antibiotics
South Korea’shealth authorities on Thursday announced their plans to reduce antibiotics usef...
Samsungtouts safety of iris-scanner
[THE INVESTOR]Samsung Electronics’ mobile chief said Thursday that the iris technology usedf...
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The KoreaTimes (http://www.koreatimes.co.kr)
NovartisKorea mired in `rebate' scandal
Novartis Koreais facing the biggest crisis in its 30-year history as six former and currentexecu...
'THAADcan intercept missiles 100 percent'
Vice Adm.James Syring, director of the U.S. Missile Defense Agency (MDA), said Thursdaythat his ...
NetmarbleCEO says China's mobile games 'threatening'
NetmarbleGames CEO Kwon Young-sik revealed his concerns over Chinese mobile gamecompanies’ massi...
NorthKorean defectors visit disputed Dokdo Island
Ninety-fouruniversity students, including 24 North Korean defectors in South Korea, willvisit Do...
Rio2016: Poor ticket sales leave big gaps in stands
With the RioOlympics already criticized over poor housing for athletes, terror threats andBrazil...
Rio2016: NK shooter fires up on unification of two Koreas
North Koreanshooter Kim Song-guk mentioned unification of the two Koreas after he won thebronze ...
VolkswagenKorea chief questioned
Prosecutorsquestioned the chief of Audi Volkswagen Korea, Thursday, over its emissionsscandal in...
Professoraccused of sexually assaulting student
A professor ofa renowned private university in Seoul has been accused of sexually assaultinghis ...
N.Korea's No. 2 man leaves Rio
NorthKorea's No. 2 man has left Rio de Janeiro, the host city of the 31st SummerOlympic Games, a...
Foreigntravelers most impressed by free WiFi in Korea
South Koreanstake free Wi-Fi access available in public places for granted, but it was themost i...
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DongAIlbo (http://english.donga.com)
'THAADnot designed against China,' says U.S. MD chief
Vice Adm.James D. Syring (pictured), director of the U.S. Missile Defense Agency,announced that the radar of the Terminal High …
Bankingtransactions using iris authentication to be available via Galaxy Note7
SamsungElectronics announced its Samsung Pass service will enable..
Cycling'supermom' wins third consecutive Olympic gold
"I'm justan ordinary mom who works at the hospital and raises a kid. For all moms outthere, I hope that this was a very inspiri…
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ChosunIlbo (http://english.chosun.com)
Japan Eyes Deploying THAAD Battery
The Japanese Defense Ministry wants to buy a TerminalHigh-Altitude Area Defense battery to step up its defense against North Koreanmissiles.
N.Korean Athletes Disappoint at Olympics
Senior North Korean apparatchik ChoeRyong-hae has beenhaving a glum time in sunny Brazil as one top athlete after another from theisolated country has disappointed in the Rio 2016 Summer Olympics.
Japanese Shipbuilders Poised to OvertakeKoreans
Korean shipbuilders are at risk of being surpassed bytheir Japanese rivals in terms of order backlog for the first time in 17 years.-------------------------------------------------------------------------------------------------------
HanKyoRehShinmoon (http://english.hani.co.kr)
Warbetween US and China would be regional, fought with conventional weapons
RANDcorporation report analyzes possibility of war in the western Pacific betweenthe two powers
AsSaenuri picks new leader, independence from Blue House further diminished
Veteranlawmakers from the greater Seoul area assessed the outcome of the rulingSaenuri Party’s convention on Aug. 9, arguing that while party relations withthe Blue House may remain “in good shape,”
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JoongAngIlbo(conservative) (http://koreajoongangdaily.joinsmsn.com/)
Korean football team advances to quarterfinals for first time in Olympic history
For the first time Korea’s Olympic history, its footballteam will advance to the quarterfinals as the top of its group…
Electricity bill ‘bombs’ prompt pricingquestions
Kang Chan-soo couldn’t believe his eyes when he got hismost recent electricity bill. In an effort to fight…
Unemployment swells in shipbuilding south
The restructuring of the shipping and shipbuildingindustries is taking its toll on jobs. Although…
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The KyungHyangShinmoon(http://english.khan.co.kr/)
[Graduated Rates for Electricity] AirConditioners in Homes End up as Today's "Dried Croaker": "WeJust Stare at It, Too Scared of the Electricity Bill"
"I wish I could be hot for just four hours aday." "In South Korea, an air conditioner is the modern day 'driedcroaker' that you just install and look at ···
[Conflicts Surrounding Seoul's YouthAllowance] Citizens Fight back Government Criticism of Youth Allowance on SNS:Welfare Ministry Facing Backlash
The Ministry of Health and Welfare created "CardNews" to announce its opposition to Seoul's Youth Activities SupportProject (Youth Allowance). In it, the m···
[Lee Jung-hyun Elected Saenuri Leader] PartyBecomes Park Geun-hye's Royal Guards in 4 Months, Not Interested in HoldingPro-Parks Responsible for Election Defeat
In the end, the Saenuri Party selected President ParkGeun-hye and the "pro-Park" members. Lawmaker Lee Jung-hyun known asPark Geun-hye's mouth and Park Geu···
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The KoreaEconomic Daily (http://english.hankyung.com/)
Bankof Korea Keeps Interest Rate Unchanged on Worries about Household Debt
The Bank ofKorea kept the benchmark interest rate unchanged in its August meeting. It wasbased on the judgment that it would take more time for the rate cut in June totake effect throughout the economy and that the rising household debt balancein excess of 1,200 trillion won may put a burden to ...
1HTax Collection 19 Tril. Won Higher Than a Year ago 2016-08-11 14:08
The amount oftaxes collected during the first half of this year increased by 19 trillion wonfrom what was collected during the same period last year. The main reason forthe higher tax collection balance was more corporate tax payments by publiclylisted firms whose financial results improved last...
[MarketInsight] Samsung Consortium to Buy Commerzbank Head Office in Frankfurt2016-08-12 09:49
SamsungSecurities and Samsung SRA Asset Management will acquire Commerzbank Tower, theheadquarters of Commerzbank and the landmark of Frankfurt, at the price of 900billion won. According to investment banking industry sources on August 11, theconsortium of Samsung SRA Asset Management, real es...
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AJU BusinessDaily(http://eng.ajunews.com/korea)
Pyongyanguses more executions to put down public compl…
North Koreanleader Kim Jong-un's appetite for executions remained unabated with his reignof terror extended across the society at large a…
NineMuses A releases sexy version MV for 'Lip2Lip'
Nine Muses Areleased a sexy dance version music video (MV) for "Lip2Lip". Thefour-member unit group from Nine Mus…
(Oly)Chang wins gold in women's individual archery: Yo…
South Koreanarcher Chang Hye-jin captured the gold medal in the women's individual archeryat the Rio de Janeiro Olympics. Chang def…
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MaeilBusinessNewsKorea (http://www.pulsenews.co.kr/ )
Korea’sFTC mulls charging two Hanjin Group scions for illicit favoritism
South Korea’santitrust agency is considering lodging a complaint with the prosecutionagainst two third-generation family ...
Bankof Korea keeps base rate at 1.25% for August
The Bank ofKorea (BOK) on Thursday decided to keep the policy interest rate steady atrecord-low of 1.25 percent for August, ...
SamsungElectronics to buy U.S luxury home appliance maker Dacor
SamsungElectronics Co. will buy U.S-based luxury home appliance maker Dacor Inc., amove that is expected to pave the way for ...
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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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