The Korean daily media headlines and humor

TheKorean daily media headlines and humor

Friday, August 26, 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/)

N.Korean Diplomat Flees from N. Korean Trade Representative in Vladivostok

N.Korea Reveals Footage of SLBM Launch

PartiesAgree to Pass Extra Budget Tuesday, Hold Shipping Hearing In Sept.

PartiesTentatively Agree to Pass Extra Budget

BothKOSPI, KOSDAQ End Lower

S.Korea's Household Debt Hits Another Record High

S.Korea’s Exports to Vietnam Surge in H1

N.Korea Reveals Footage of SLBM Launch

N.Korean Man Rescued in Yellow Sea on Wednesday

RFA:N. Korea Creates "Nuclear Backpack" Special Forces

ChinaSays Working with Seoul Diplomatically to Resolve THAAD Issue

WhiteHouse: New Sanctions Not 'Off The Table'

N.Korean Leader Calls SLBM Test "Greatest Success"

Gov'tForms Cholera Task Force, Orders Tests For Patients Showing Symptoms

PublicSafety Ministry Reviews Nation's Drought Status

Statistics:9 out of 10 S. Koreans Live in Cities

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

Consumersentiment rises to 8-month high in August

1st episode ofU.S. remake of S. Korean TV show ranked no. 1 in ratings

S.Korean investment in overseas securities rises in Q2

The amount offoreign securities held by major South Korean institutions grew from a yearearlier in the second quarter due mainly to a surge in South Korean investmentin f...

N.Korean diplomat defects from Russia: source

A North Koreandiplomat stationed in Russia defected last month, a local source said Thursday,amid a series of defections from the communist country to see...

S.Korea hails comfort women deal with Japan, but controversies linger 

The SouthKorean government hailed its deal to settle a long-running historic row withJapan over its colonial-era sexual enslavement of Korean women on Thursday, butlin...

S.Korea supports Jim Yong Kim for second term as World Bank chief 

South Korea'sgovernment said Thursday it supports a second term for Jim Yong Kim to lead theWorld Bank Group for another five years, as his first term of office is exp...

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

Koreato restrict housing supply to curb household debt

The SouthKorean government said Thursday that it will control the number of houses andapartments supplied in the marke...

Kimcalls SLBM test ‘greatest success’

North Koreanleader Kim Jong-un hailed the latest test of a submarine-launched ballisticmissil...

Koreaprepares emergency measures to bolster birthrate

The SouthKorean government will mobilize short-term emergency measures to fight thecountry’s...

Partiestentatively agree to pass extra budget bill on Aug. 30

[THE INVESTOR]The rival parties on Thursday tentatively agreed to pass the government’sextra...

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

Koreamay deploy SLBM within a year

North Korea’stest-firing of a submarine-launched ballistic missile (SLBM), Wednesday, israising concerns that it could deploy the weapons earlier than South Koreaexpected.

Stayalert 24/7

With theblazing sun vertically above, an open-air swimming pool in Yeouido, Seoul, wasbustling with people cooling off, kids and adults alike, on Aug. 11. Theirscreams of joy, often mixed with the sound of the breeze blowing...

Italyearthquake: Shock, heartbreak, lingering fear

EarlyThursday, Italy's civil protection authorities said 247 people were confirmeddead and at least 368 injured. Among the dead, 190 were from Rieti Province and57 from neighboring Ascoli Piceno Province.

[Breaking]Lotte Group vice chairman found dead amid corruption probe targeting groupfounder, chairman 

Lotte GroupVice Chairman Lee In-won, widely known as the group’s No. 2 man and the closestaide to Chairman Shin Dong-bin, was found dead at a walking trail...

$89,600to be offered to each surviving wartime sex slave 

South Koreaand Japan have agreed to offer 100 million won ($89,600) in cash to eachsurviving Korean victim of Japan’s wartime sex slavery and 20 millionwon...  Japan endorses contribution planto comfort women foundation

Governmentin bind over Google map data 

Concerns aregrowing over the spread of cholera in Korea, following the confirmation of asecond case of the disease near the country’s south coast.

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

Controversies over nuclear-powered submarines resurface

Nuclear-powered submarines are holding the limelight as countermeasureagainst the threat from North Korea’s Submarine Launched B…

A wheel-chaired Harvard student films travelling in Seoul

The sharp edge of a boat and hands grasping oars were seen on the screen.The sound of a player’s gasp of breath was heard as the…

A 6.2-magnitude quake hit central Italy

The 6.2-magnitude quake that struck Norcia in southeastern Umbria, Italyhas inflicted some 600 casualties. According to the Asso…

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

Shinsegae Duty-Free Shop Rakes in W2.6Billion in 1 Day

The sprawling duty-free shop at the new ShinsegaeDepartment Store in downtown Seoul has achieved sales of W2.6 billion on asingle day. On Tuesday, Shinsegae's online duty-free shop catering to Chinesecustomers reached over W1 billion in sales. >> Full TextShinsegae's MegaDuty-Free Shop Opens in Heart of Seoul

Korea Reels from Hottest August on Record

Korea is experiencing the hottest August on record, withsome 2,049 people taken to hospital emergency rooms for heat-related illnessesas of Tuesday, nearly double the average. More than 7 million heads oflivestock and fish have died, and lack of rain has caused crops to wither awayacross the country. 

Most Korean MLBers Suffer Injury, Slump

Only two Koreans of the eight who started this year'sMajor League Baseball season in the U.S. are currently playing. Oh Seung-hwanof the St. Louis Cardinals and Kim Hyun-soo of the Baltimore Orioles are theonly two to avoid injury and poor performance, which ultimately removed theothers from the major league. 

1 in 4 New Mothers Over 35

Japan to Pay Sex Slavery Survivors W100Million Each

S.Korea-China-Japan Summit to Be Held inTokyo

Audi Recalls 1,500 Cars Over Engine CoolantLeak

'The Last Princess' Breaks 5 Million-ViewerMark

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

[Newsanalysis] North Korea’s SLBM becoming a threat much faster than expected

Distance ofAug. 24 launch into East Sea far outstripped previous launches and surpassedpredictions

North Korea’sfirst successful test of a submarine-launched ballistic missile (SLBM) on Aug.24 increases the likelihood that North Korea’s SLBMs will become a threatsooner than expected. “At 5:30 am on Aug. 24, North Korea test fired one SLBMtoward the East Sea from the waters near the city of Sinpo in South HamgyongProvince. The missile flew for about 500 km, which suggests that progress hasbeen made over the past few test launches.

Chinamay ask South Korea to choose: THAAD, or bilateral relations

ChineseForeign Minister Wang Yi forcefully called on South Korean counterpart YunByung-se on Aug. 24 to withdraw Seoul’s current plans to deploy a Terminal HighAltitude Area Defense (THAAD) system with US Forces Korea. But Wang alsoproposed working toward a compromise on the deployment issue that would beacceptable to both sides. Following bilateral talks with Yun at the Prince ParkTower Hotel in Tokyo that morning, Wang told reporters,

[Newsanalysis] Why did China mention “possibility of negotiations” over THAAD?

With Chinafiercely opposed to the deployment of the THAAD missile defense system in SouthKorea, there is speculation about why Chinese Foreign Minister Wang Yi wouldhave mentioned the “possibility of negotiations” even while threatening “theoverall impact” on Aug. 24.The big question is whether South Korea and Chinacan find a solution to their contentious dispute, but in practical terms there appearto be too many insurmountable obstacles..

JapaneseCabinet decides to pay 1 billion yen to former comfort women

The SouthKorean government decided to hold additional discussions through Nov. 23instead of reaching a conclusion right away on Google’s request to allowdetailed South Korean map data to be taken overseas. The decision was made onAug. 24 during a meeting at the National Geographic Information Institute(NGII) in Suwon, Gyeonggi Province, by a map exportation deliberation groupwith members representing the Ministries

SouthKorea postpones decision on whether to release Google maps data

The SouthKorean government decided to hold additional discussions through Nov. 23instead of reaching a conclusion right away on Google’s request to allowdetailed South Korean map data to be taken overseas. The decision was made onAug. 24 during a meeting at the National Geographic Information Institute(NGII) in Suwon, Gyeonggi Province, by a map exportation deliberation groupwith members representing the Ministry of Land, Infrastructure andTransport-affiliated NGII

USForces Japan aviation power moves to counter China and North Korea

Next year, USForces Japan (USFJ) is expected to wrap up a plan that will concentratecutting-edge aviation assets with the Marine Corps and the Navy in westernJapan, closer to China and North Korea. Once the plan is complete, Marine CorpsAir Station Iwakuni, which is located in Yamaguchi Prefecture, is expected tobecome the front-line base on the Japanese mainland tasked with counteringChina and North Korea.

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

Pyongyangelated over success of SLBM launch

North Korea’sstate-run media Thursday boasted of the success of a submarine launchedballistic missile (SLBM) test from waters off the eastern city of Sinpo a daybefore, saying the launch demonstrated the “tremendous power” of a nation now“fully equipped with nuclear attack capability.”

In a jubilanttone, the Korean Central News Agency (KCNA) said North Korea had accomplished“huge military achievements” and quoted leader Kim Jong-un as saying thecountry mastered a “nuclear striking capability.” … 

Gov’ttries a few more measures to boost births

After spendinghundreds of trillions of won over a decade to boost its birthrate, Korea maysee its lowest-ever…

New attemptsto tamp down household debt To slow growth in household debt, the government istightening requirements for group loans…

Depositsbarely earn interest

Kim Sang-jin,a longtime customer of NH Nonghyup Bank, recently received a text message…

Onlow-cost flights, cabin gripes

Passengers ofKorean low-cost carriers rated cabin facilities as the most unsatisfying partof flying…

Hanjinsubmits revised plan to creditors

HanjinShipping submitted a revised turnaround plan to its main creditor KoreaDevelopment Bank…

HyundaiMotor reaches wage deal

Hyundai Motorreached tentative agreement with its union late Wednesday, signalling an end tonearly three months…

Asdebt grows, so do concerns

Is Korea’sdebt situation critical enough for the government to try to curb the situation,especially…

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

[North Korea Successfully Launches SLBM]Seconds Away from Upgrading Flight Skills and Placing SLBMs in Actual Combat:NK May be Capable of Constructing Large Submarines

On August 24, North Korea successfully launched asubmarine-launched ballistic missile (SLBM) in the East Sea, and this appearsto have shocked even the South K···

[Woo Byung-woo Scandal] 'Drunk Driving' LeeCheol-seong as Police Commissioner in First Ever Prosecutors' Investigation ofSenior Secretary for Civil Affairs: Ruling Party Joins in Criticizing Governm

On August 24, President Park Geun-hye pushed ahead withher appointment of Lee Cheol-seong as the chief of the National Police Agency.During the confirmation h···

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

Gov'tTerminates Its Homeownership Encouragement Policy in 2 Years

The governmenthas set out to restrict the volume of new housing supply in order to suppressthe rising household debt balance. To this end, it will cut the aggregate areaassigned for housing construction this year by 48 percent from the previousyear, followed by a further cut of 50 percent in the... 

No.of Individual Pension Plans Surpasses 9 Mil...KIDI

The number ofpeople who have signed up for individual pension accounts including pensionsavings plans, regular pension plans, and variable annuities has surpassed 9million. The Korea Insurance Development Institute said on August 25 that thenumber of those who purchased individual pension plans...

HanjinShipping's 500 Bil. Won Self-rescue Plan Rejected on the Spot

KoreaDevelopment Bank, the main creditor bank of the financially insolvent HanjinShipping, rejected on the spot a self-rescue plan submitted by the latter'sparent Hanjin Group on August 25 to come up with an additional fund of 500billion won, on the ground that it is far short of what's needed. ...

LGElectronics Remains Left behind in the "Electronics Rally"

The centraltheme of the Korean stock market today is the "electronics rally."The share price of Samsung Electronics passed the 1.6-million-won level, whilethose of SK Hynix and LG Display hit the year's high. LG Electronics, however,remains as an exception, with its stock price closing at 51, 10...

SamsungPay Tops 2 Tril. Won Mark in Cumulative Domestic Transactions

Samsung Pay, amobile payment service that Samsung Electronics introduced in August 2015,passed the 2-trillion-won mark in cumulative domestic transaction volume justin one year after the launch. Samsung Pay is now available not only in Koreabut in six other countries, including the United States...

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

Bidsfor Hollys coffee attract foreign and Chinese inve…

[Courtesy ofHollys Coffee] A preliminary bidding for South Korea's coffee franchise HollysFood and Beverage was closed Thursday amid reports that Chinese an…

Hanjinshipping presents new self-rescue scheme to cred…

HanjinShipping, the troubled arm of South Korea's Hanjin Group, presented a freshscheme Thursday to tide over a liquidity crisis as the g…

Comfortwomen to get cash compensation from Japanese fu…

The statue ofa South Korea "comfort woman" stands in front of the Japanese embassyin Seoul. South Korea will finall…

SouthKorea to start euro-based settlement in trade wit…

A pile pictureshowing an Iranian carpet shop. South Korea will implement a euro-basedsettlement system for trade with Iran next week, a top ec…

Housesupplies will be cut to reduce household debt: Yo…

Governmentofficials attend a new conference on soaring household debt. South Korea willcontrol the supply of new apartments…

LGto showcase SIGNATURE brand in artistic gallery in B…

[Courtesy ofLG Electronics] In a display of confidence to foreign consumers, South Korea'sLG Electronics will build a specially designed art gallery to showc…

HyundaiMotor union reaches provisional wage agreement?

Hyundai Motorofficials and union leaders walk out of a conference room. Unionized workers atSouth Korea's leading carmaker Hyundai…

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

NordicAmerican Tankers CEO reaffirms faith in Korean shipbuilding industry

Once-mightyKorean shipyards that fell from grace amid drought of orders from prolongedglobal slowdown and weak oil prices to the point of pleading for debt relieffrom creditors received...

S.Korea puts off decision on Google’s request for map data

South Koreadelayed decision on the renewed plea from Google Inc. for access to thenation’s mapping data for its global-wide...

INGSecurities returns to Korea after 8-year absence

ING Group,Netherlands-based global financial service provider, will reopen outlet afterpulling out in 2008. It will focus on...

Koreanoil refiners likely suffer in Q3 from falling refining margin

South Koreanoil refiners that enjoyed solo boon amid the global-wide slump from depressedoil prices fear the good days may be...

Frequentleadership changes at Heungkuk insurers take toll on growth

Frequentreplacement of chief executives at insurers under South Korea’s Taekwang Grouphas left Heungkuk Life Insurance Co...

S.Korean biotech firm SillaJen’s IPO schedule delayed

South Korea’sbiotechnology company SillaJen Inc. dubbed a blue-chip share in theover-the-counter market, is likely to defer...

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