August 22, 2016

TheKorean daily media headlines and humor

Monday, August 22, 2016

Your Excellency:

Here are The KoreaPost notices and around up 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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Aquick roundup of major news stories from the Korean news media today:

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

RioOlympics Wrap Up, S. Korea Finish 8th

Gov'tExpresses Regret over Plutonium Production

The governmenthas expressed deep regret over North Korea’s announcement that it is producingweapons-grade plutonium and enriched...

ParkIn-bee Wins Gold at Women's Golf in Rio

S.Korean Oh Hye-ri Wins Taekwondo Gold

S.Korea's Kim So-hui Wins Gold in Taekwondo

ArcherKu Wins S. Korea's 6th Gold in Rio

S.Korea Adds 1 Gold, 1 Bronze in Archery on Day 6 at Rio

ShooterJin Jong-oh Wins 3rd Straight Olympic Gold

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

S.Korea comes up short of gold medal target in Rio 

With acombination of a slow start and underachieving athletes, South Korea came shortof its gold medal target at the Rio de Janeiro Olympics.

Newstars emerge, veterans fall in Rio

At everyOlympics, new stars will emerge, while others will fade away. South Korea sawfresh faces step up as heroes at the Rio de Janeiro Games, but former Olym...

N.Korea disappoints in Rio

Before thestart of the Rio de Janeiro Olympics, Yun Yong-bok, a senior North Koreansports official, offered a bold prediction on his country's performance.

Pyeong-Changimpressed with 'low-cost, high-efficiency' Rio ceremony

The chieforganizer of the 2018 Pyeong-Chang Winter Olympics on Sunday singled out the"low-cost, high-efficiency" opening ceremony as the most impressivemoment...

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

Residentsto request alternate THAAD location

Residents ofSeongju-gun, North Gyeongsang Province, on Sunday reached a consensus torequest the Defense Ministry to ...

Golferdefies odds for gold

With adominant performance that silenced her critics and wowed her rivals, LPGA starPark In-b...

Householdsavings double on weak economy

South Korea’seconomy saw its household saving rate increase among the fastest in theOrganiza...

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

N.Korea leader's secret funds coming to light 

North Koreandiplomats who had managed leader Kim Jong-un’s secret overseas funds haveescaped the country with his money, sources here said Sunday. 

Thaemay work for spy agency 

Thae Yong-ho,who recently defected to South Korea after working as North Korea’s deputyambassado... 

Koreaends up winning nine golds 

Team Korea isunlikely to achieve its Rio Olympics goal of making a top 10 finish with 10gold med...

Womanmurders daughter 'possessed with evil spirit' 

Arrestwarrants have been sought for a woman and her son for allegedly killing herdaughter “because she was possessed with the evil spirit of their deadpet.... 

Authoritiesfear athletes returning from Rio may spread Zika virus 

More than 800athletes will be classified as “possible spreaders” of the Zika virus and willunder...

N.Korea refugees talk about new life 

Seven NorthKorean refugees spoke candidly and emotionally about their lives in NorthKorea, their...

Economyhamstrung by weak consumption 

Concern over asharp drop in consumption is darkening the economy as households are piling upcash amid uncertainties. Demographic change is also making a con...

ConstitutionalCourt to review Kakao's duty to block child porn 

TheConstitutional Court will review the constitutionality of the law that obligesmobile service operators to block child pornography.

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

ParkIn-bee wins first women’s gold medal in Olympic golf in 116 years

Some asked herwhy she wanted to play in the Olympics though her condition is not good, whileothers even told her that she shoul…

Formerambassador publishes a book on Italy

Kim Yeong-seokhad spent many years in Europe as the first secretary in the Korean embassy inthe old Yugoslavia and Korea’s amba…

U.S.Air Force bomber trio conducts joint mission from Guam

All three ofU.S. Air Force Global Strike Command's strategic power projection bombers, theB-52 Stratofortress, B-1B Lancer and …

Applesaw big drop in higher-end smartphone market in 2Q

Apple hasturned out to be struggling not only in the entire smartphone market, but alsoin the high-end group, in the second qua…

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

Heat Wave Refuses to Abate

Temperatures defied predictions on Sunday by setting anew record for the capital as the heatwave refused to abate. Daytimetemperatures soared particularly in the Seoul...

Kang Jung-ho Sidelined by Shoulder Injury

Kang Jung-ho of the Pittsburgh Pirates was put on the15-day disabled list on Saturday. Kang injured his left shoulder slidingheadfirst into second base in the eighth inning of...

U.S. Woman Sentenced in Scheme to ProvideMilitary Equipment to China

Before Wenxia Man was arrested for attempting to brokerthe $50 million sale of military equipment to the Chinese government, she knewthe risks. In conversations with an...

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

Study:Since famine of mid-1990s, public health much improved in North Korea

Nutrition andpublic health among North Koreans have improved substantially since the severefamine and economic woes of the 1990s, a new study shows. But three out of tenNorth Koreans were found to…

ToAlgerian asylum-seeker, one court says ‘yes’, the other says ‘no’

A finalSupreme Court decision on a gay Algerian man’s refugee status application isthe focus of attention after split rulings by the two lower courts hearing thecase. The man applied for refugee s…

Pres.Park’s shark fin soup luncheon sparks animal cruelty debate

The ethicaldebate that has been triggered by the shark fin soup that was served at a BlueHouse luncheon is spreading to Chinese restaurants at South Korea’s top hotels.As new attention is paid to t…

Irreverentpop artist gets 2 million won fine for satirizing President Park

A court ruledon Aug. 19 that the mass distribution of leaflets lampooning President ParkGeun-hye does not constitute a legitimate act to be respected as artistic freedom.Judge Park Sa-rang of the...

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

ParkIn-bee makes history in Rio

Park In-beespent the first half of this year fighting injuries to her back and her thumb.The severity of the injuries forced the 28-year-old LPGA hall of famer toconsidered pulling out of the Olympics - even though the Rio Games were thefirst time the women’s golf event was held in 116 years.

Luckily, Park went to Rio. For now, Park isnot only the first Korean to have completed a Career Grand Slam… 

Rallyfor Samsung may lift Kospi as a whole

Pundits arehoping the recent record high for Samsung Electronics’ shares and the launch ofthe Galaxy Note 7…

DNAtests still face legal hurdles

Until June,testing one’s DNA through a non-medical entity in Korea was completely illegal.The country’s Bioethics…

Gov’twill dedicate 40 billion won fund to VR and AR

The governmentplans on creating a 40 billion won ($35.8 million) fund to exclusively investin the development of virtual reality…

Koreanrestaurant boom creating a bust in profit

Earlier thisyear, a 58-year-old restaurateur surnamed Kang cut two of her staff at theKorean traditional restaurant…

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

The Escape of the Descendant of anAnti-Japanese Partisan: Focus on Possible Unrest in North Korean Regime

Thae Yong-ho (55), a minister at the North Korean Embassyin the United Kingdom who sought asylum in South Korea may be the descendant ofa partisan who fought···

[Editorial] Woo Byung-woo Now a Suspect: WillHe Star in a Vulgar Comedy by Leading His Investigation?

Yesterday, Lee Seok-su, a special inspector general whohad been investigating Cheong Wa Dae Senior Secretary for Civil Affairs WooByung-woo, requested an inve···

'Solidarity among the Ruling Class in NorthKorea Is Weakening' Minister Thae Yong-ho Seeks Asylum

On August 17, the South Korean government disclosed thefact that Thae Yong-ho, a minister at the North Korean Embassy in the UnitedKingdom entered the country···

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

SecretsBehind the Revival of Samsung Electronics

The GalaxyNote 7 is touted as the best-ever new Android phone. This is what Joanna Stern,a famous tech columnist for the Wall Street Journal, said in her August 16review. Thus far, the business daily has criticized Samsung smartphones asbeing assembled with cheap materials and distracting softw... 

McKinseyRecommends Maintenance of Current Big 3 Shipbuilder Structure

McKinsey &Co., the U.S.-based management consulting firm currently undertaking aconsulting work for Korea's shipbuilding industry restructuring, made tentativeconclusions that it is best to maintain the current "Big Three"structure consisting of Hyundai Heavy Industries, Samsung Heavy Industries...

NoKorean Think Tank Included in Global Top-30 List...UPenn's TTCSP

Korea'sstate-run think tanks were ranked very low again in this year's evaluation bythe University of Pennsylvania. According to the 2015 Global Go To Think TankIndex Report published in February this year by the Think Tanks and CivilSociety Program at the university's Lauder Institute, the nati...

JapaneseFirms Reluctant to Send back Home Profits Earned Overseas

Due to thestrong yen, major Japanese multinational firms tend to keep their profitsearned overseas without repatriating the money to the home. According to theNikkei on August 21, the balance of retained earnings held by overseassubsidiaries of Japanese corporations was 2,570.6 billion yen (US$2...

Korea’sSteel Imports Surge Not Only from China But from Japan as well

Korea’s steelindustry is engulfed with a sense of insecurity as domestic retail prices ofsteel products are falling again after showing some signs of recovery. Theagony is growing as domestic reinforcing bar producers such as Hyundai Steeland Dong-kuk Steel see their supply prices tumble. Accord...

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

Lossessnowball as Hyundai Motor workers continue partial strike

Unionizedworkers at South Korea's leading carmaker Hyundai Motor downed tools Friday fora walkout that crippled the production of 3,500 vehicles in a dispute over theintroduction of a new peak wage system.…

(Golf)South Korea's Kim Si-woo captures 1st PGA win

South Koreangolfer Kim Si-woo has captured his maiden PGA Tour win. Kim won the WyndhamChampionship at Sedge field Country Club in Greensbo…

(Oly)SouthKorea has much to learn from Britain and Jap…

South Koreahas much to learn from surprising performances by Britain and Japan at the Riode Janeiro Olympics, the head of the country's a…

(Oly)Pyeong-chang impressed with lo-cost Rio Olymics: Y…

[Courtesy ofPyeong-chang Alpensia Resort] The chief organizer of the 2018 PyeongChangWinter Olympics singled out the "low-cost, high-efficiency" openingceremony …

Chinaissues compulsory certification for South Korean…

A Chineseregulator had issued a compulsory certification for South Korean-certifiedtelevisions to be sold in China for the first time…

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

S.Korea to announce measures to curb mounting household debt

South Koreanauthorities are seeking tighter measures to curb the country’s mountinghousehold debt that is forecast to surpass 1,300 trillion won ($1,173 billion)within this year. On...

KEPOto acquire U.S. solar power plant at $30 mn

South Korea’s KoreaEnergy Power Corp. (KEPCO) will acquire the world’s largest high concentratingsolar photovoltaic power...

Teslaopens online pre-orders in Korea

Tesla MotorsInc., U.S. luxury all-electric automaker, has opened its official Koreanwebsite and started receiving pre-orders...

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