The Korean daily media headlines and humor

TheKorean daily media headlines and humor

Tuesday, August 23, 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/)

USThink Tank: N. Korea Produced Plutonium Enough to Make 2 to 4 Nuke

OppositionParty Insists on Key Witnesses for Hearings on Shipbuilding Crisis

DefenseMinistry to Review Alternative Sites for THAAD

OppositionParty Insists on Key Witnesses for Hearings on Shipbuilding Crisis

DefenseMinistry to Review Alternative Sites for THAAD

Park:Upcoming Overseas Trip is Opportunity to Overcome Economic, Security Realities

KOSPIEnds Lower on Renewed Concerns over US Rate Hike

Gov'tto Release 8,310 Tons of Marine Products Ahead of Chuseok

IllegalChinese Fishing Vessels Caught Near NLL Shrinks 30%

IAEADetects Signs of Resumed Activity at Yongbyon Nuclear Complex

N.Korea Repeats Calls for S. Korea to Return Defectors

N.Korea Threatens Preemptive Nuke Strike if Signs of Invasion are Spotted

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

Frenchwoman recovering from stroke in S. Korea

A French womanis recovering at a hospital after being treated for a stroke in South Korea,the hospital said Monday.

Rivalparties unlikely to pass extra budget bill

South Korea'srival parties appear unlikely to pass an extra budget bill worth 11 trillionwon (US$9.7 billion), a move that could deal a blow to the government's effortsto...

Defectionof N. Korean diplomats can accelerate collapse of N. Korea: scholar 

Defection byNorth Korean diplomats who have access to foreign currency holdings would makeit harder for North Korea to bring in money from abroad which can eventuallyh...

TopRussian envoy says S. Korea-Russia ties should not be damaged over THAADdeployment

The topRussian envoy in South Korea called Monday for bilateral cooperation to ensurethat relations between the two countries should not be damaged over the planneddeploy...

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

Park:North Korea shows signs of 'serious cracks'

President ParkGeun-hye on Monday warned that North Korea may carry out provocations includingterrorist attacks in resp...

[NewsAnalysis] Naver, Kakao accused of copying start-ups’ software

Local startupsare speaking out against South Korean IT giants that have allegedly plagiarized...

Seoulto sell 30% stake in Woori Bank to multiple buyers

After fourfailed attempts, the Korean financial regulator came up with a revised measureto pr...

Riocelebrates athletic feats as Olympic Games end

Olympicsclosing ceremony (Park Hae-mook/The Korea Herald)The 2016 Rio de JaneiroOlympics drew...

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

Parkwarns of 'serious cracks' in N. Korea regime

President ParkGeun-hye said Monday that North Korea has begun to show signs of “seriouscracks” within its regime, citing a series of defections by members of theNorth Korean elite recently. Park warned that Pyongyang could la...

N.Korea threatens pre-emptive nuke strike over Seoul's military drill

North Korea onMonday threatened to mount a "preemptive nuclear strike" on SouthKorea and the United States as the allies kicked off their annual militaryexercise aimed at countering Pyongyang's potential aggression.

Alliesbegin drill amid N. Korea threats 

South Koreaand the United States began their annual joint exercise Ulchi Freedom Guardian(UFG)...

AirForce flies fighter jets to expel Chinese planes 

The Air Forcedispatched four F-15K fighter jets after three Chinese military planes enteredthe overlapping air defense zones of the two countries near Jeju... 

Athletesbid farewell to Rio Olympics 

SouthAmerica’s first-ever Summer Olympics wrapped up its 17-day run, Sunday, with acolorful clos...  Brazil celebratessuccessful Rio Olympics

No.of drug offenders at all-time high 

The number ofdrug offenders in Korea reached an all-time high last year, up nearly 20percent fro... 

Koreaand Japan unlikely to settle wartime sex slavery 

Korea andJapan are likely to drag on their disputes over “comfort women” even afterTokyo pays 1...

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

S. Korea persuades U.S. on THAAD deployment at Lotte CC

The South Korea government and military authorities reportedly decided tochange the location for THAAD deployment from the Seong…

The Declaration of Independence, F-51D Mustang designatedas cultural assets

The March 1 Declaration of Independence and Korea’s first combat plane willbe registered as cultural properties. The Cultural He…

Stielike names national team squad for 2018 World Cup

The Olympic National Football Team of South Korea failed to win aback-to-back medal in Rio de Janeiro. They hit a snag that was …

Seoul Station walking tour course to be expanded to six

The Seoul Metropolitan Government said Monday it will expand the SeoulStation walking tour course to six from four starting Wedn…

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

Gov't Warns Against N.Korean Provocations

The Unification Ministry in an emergency briefing Sundaywarned of an impending provocation from North Korea after the defection of asenior diplomat. The Ministry did not say why it decided to call an emergencybriefing at the weekend.

N.Korean Embassy in London Owes 200,000Pounds in Fines

Dire financial straits at the North Korean Embassy inLondon seem to have played a major role in the defection of its No. 2 diplomatThae Yong-ho. The Daily Telegraph on Saturday reported that the embassy owes200,000 pounds in back parking fines. 

Big Bang Celebrates 10 Years in Showbiz

K-pop boy band Big Bang held a sold-out 10th anniversaryconcert on Saturday at Seoul World Cup Stadium in northwestern Seoul. YGEntertainment, which manages Big Bang, issued an additional 5,000 tickets afterthe initial 60,000 were all snapped up in advance, but those, too, sold outfast.

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

Seongjucommittee seeks Defense Ministry review of golf course, alternative THAAD site

Ruling partyreportedly seeking to avoid parliamentary ratification, due to battle withopposition　

A Seongjuresidents committee opposing the deployment of a Terminal High Altitude AreaDefense (THAAD) system in North Gyeongsang Province plans to ask the Ministryof National Defense to review alternate candidate sites. The decision appearsto raise the likelihood of the ministry replacing the Seongsan air defense basein Seongju with the Skyhill Seongju Country Club golf course as the anticipatedTHAAD deployment site.

Resistanceto THAAD deployment spreading to alternative candidate site

Ministryspokesperson says other possible THAAD sites militarily effective

Amidfriction over THAAD deployment, Pres. Park to visit China and Russia

Resistanceto THAAD deployment spreading to alternative candidate site

A campaignagainst deploying the THAAD missile defense system is also gaining momentum inthe city of Gimcheon, located next to Seongju County. On one evening this pastweekend, residents of Gimcheon held their first candlelight vigil againstTHAAD.After initially planning to deploy THAAD at the Seongsan Battery inSeongju County, South Korea’s Defense Ministry has now mentioned Lotte Sky HillSeongju Country Club

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

Parkemphasizes cracks in North Korea’s elite

Instability inNorth Korea is growing as members of Pyongyang’s elite are increasingly turningback on their communist homeland, President Park Geun-hye said Monday, fuelingspeculation that the South is preparing for a possible regime change in theNorth.

Park hosted aNational Security Council meeting in the morning as South Korea and the UnitedStates began an annual joint military drill. The Ulchi Freedom Guardian (UFG)exercise involves some 25,000 American troops and 50,000 South Koreansoldiers…  .

Gov’ttries 5th approach to sell off Woori Bank

Woori Bank,which once led the nation’s banking industry, is once again on the block, forthe fifth attempt…

Budgetfor birthrate program badly mishandled

Although thenational government spent 151 trillion won ($134 billion) in the past decade toboost the low fertility rates…

GalaxyNote 7 is flying off retail shelves

This summer,Korea is feeling Galaxy fever. From the moment Samsung Electronics’ Galaxy Note7…

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

[Editorial] [The Woo Byung-woo Scandal]Prosecutors Need to Conduct a Strict Investigation of Woo with the Fate of theOffice on the Line

The Prosecutors' Office is hesitating to allocate theinvestigation of Cheong Wa Dae Senior Secretary for Civil Affairs Woo Byung-wooand the investigation of ···

[The Woo Byung-woo Scandal] Cheong Wa Dae,"A Corrupt Groups with Vested Interests Are Trying to Turn the Governmentinto a Vegetable

On August 21, in relation to the moral allegationssurrounding Senior Secretary for Civil Affairs Woo Byung-woo, Cheong Wa Daeannounced, "There has been no co···

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

WonValue Appreciation Highest among 27 Major Currencies in July..,BIS

The speed withwhich the won value appreciated against the U.S. dollar last month was thefastest among the world's 27 currencies. The won's value soared after analystspredicted that a widely expected rate hike by the U.S. Fed may be delayed. Thehigher won value may pose as a negative factor for K... 

Korea'sExport Declines in August...for 20 Consecutive Months

Korea's exportthat has stagnated for such a long time showed a decreasing trend for the firstthree weeks in August as well, foretelling a negative year-on-year exportvolume for 20 consecutive months at the end of the month. According to theKorea Customs Service on August 22, the volume of export...

Gov'tto Sell off Woori Bank Stake to Private Sector Buyers

Theprivatization plan for Woori Bank has finally been decided by the government tosell off its stake. It has been 16 years since the government starteddiscussing ways to privatize the financially troubled bank. The FinancialServices Commission and the Public Fund Oversight Committee announced on...

HyundaiMotor Group to Launch Genesis G90 and G80 in the U.S

"Difficultbusiness conditions are no more a variable now but these are something we haveto accept as a constant. Relentless innovation is the only way to survive inthe age of uncertainty." This is what Hyundai Motor Group chairman ChungMong-koo said on July 18 to 60 CEOs of overseas units of Hyu...

InfrastructureMinistry's GIFs Finally Producing Returns

The Ministryof Land, Infrastructure, and Transportation formed a global infrastructure fund(GIF) for the first time in 2009. At the time, it was intended to raiseprofitability of domestic construction contractors that have mainly taken partin low-margin overseas projects. As the returns on global...

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

Hyundaishipyard solves dispute with Norwegian company 

[Courtesy ofHyundai Heavy Industries] Hyundai Heavy Industries, the world's largestshipbuilder, has agreed …

Kiaunleashes iconic The New Soul

[Courtesy ofKia Motors] Kia Motors unveiled the new version of its iconic small-sizedutility vehicle, "The New …

Iraniandirector selected as this years BIFF Asian Filmmaker

[AbbasKiarostami's film- Taste of Cherry: 1997] ?Iran's late film director Abbas Kiarostami has been se…

SouthKorea renews bid to sell 30-percent stake in Woori bank

[Courtesy ofWoori Bank] South Korea will try to sell a 30 percent stake in Woori Bank bythe end of this year in…

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

Gov’tto sell 30% Woori Bank stake to multiple investors

The Koreanfinancial regulator came up with a revised measure to privatize state-ownedWoori Bank on Monday after four failed attempts. The Financial ServicesCommission (FSC) and its ...

KumhoChairman Park accelerates efforts to buy back Kumho Tire

Kumho AsianaGroup Chairman Park Sam-koo is putting his final efforts to rebuild his empireafter regaining control of Kumho...

Internalreserves of S. Korea’s 10 largest group firms hit record high

Internalreserves of listed companies associated with South Korea’s 10 largest businessgroups hit a record high, as they have...

NPSups investments in auto parts, chemical and drug companies

South Korea’sNational Pension Service (NPS) made handsome profits after increasinginvestments in chemical, pharmaceutical and...

HanjinGroup misses deadline for additional financial support to rescue its

The fate ofdebt-ridden Hanjin Shipping Co. remains yet uncertain with its parent grouphaving missed the August 20 deadline to...

EastBridge Partners, Goldman Sachs to jointly buy Happy call at $160 mn

South Koreanprivate equity firm East Bridge Partners and Goldman Sachs Group Inc. willjointly invest 180 billion won ($159.6 ...

17thWorld Knowledge Forum to open on Oct. 11 in Seoul

The 17th WorldKnowledge Forum (WKF), the largest business forum in Asia, will open on October11 at The Shilla hotel in central...

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