The Korean daily media headlines and humor

TheKorean daily media headlines and humor

Monday, August 29, 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/)

Rep.Choo Mi-ae Becomes New MPK Chief

MPKChief Vows to Become Balance Weight for Party Unity

USExpert: N. Korea's SLBM Deployment to Take 2 More Years

S.Korea, Japan Agree to Restart Negotiations on Currency Swap Deal

S.Korea, US to Share Underwater Data on N. Korean Waters

Gov'tto Conduct FMD Vaccination Earlier in Sept

FitchCites Fiscal Soundness as S. Korean Economy's Strength

N.Korea Again Slanders Pres. Park

N.Korea Raises Level of Response to This Year's UFG

N.Korea Reveals Footage of SLBM Launch

UNSCAdopts Statement Condemning N. Korea's SLBM Launch

'KTX3rd Most Accurate Bullet Train in Travel Time'

S.Korea Reports 11th Zika Infection

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

N.Korea still at least two years away from SLBM deployment: U.S. expert

Foreign,defense ministers of U.S., S. Korea to meet over N. Korea

S.Koreans' average insurance coverage tops 47 mln won

South Korea's insurancepolicyholders can receive coverage worth 47.5 million won (US$42,600) onaverage through their life insurance contracts, industry data showed Monday.

Policeto summon swimmer on hidden cam allegations

Police saidSunday it plans to summon an incumbent athlete from South Korea's nationalswimming team for questioning about allegedly installing hidden cameras to takephotos...

Oppositionleader hints at bid for next presidential race 

Ahn Cheol-soo,former co-leader of the minority opposition People's Party, on Sunday pledgedto dedicate himself to change in government, hinting at his bid for thepresiden...

HanjinShipping calls for help amid receivership threat

Cash-strappedHanjin Shipping Co. said Sunday that its creditors' extended help is crucialfor its survival as its negotiations with owners of chartered ships over acut...

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

Newopposition leader expected to take hard-line approach

Choo Mi-ae wonthe leadership of the main opposition The Minjoo Party of Korea in a sweepingvictory Saturday, and is no...

Expectationsgrow for US rate hike in September

Since the USFederal Reserve signaled last week that it was close to raising its interestrates...

Lee’sdeath will not affect Lotte probe: prosecution

Theprosecution said Sunday the death of Lotte Group’s vice chairman would notaffect the ongo...

HanjinShipping may face court receivership

Korea’s topshipper Hanjin Shipping may face court receivership this week while thegovernment...

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

Newopposition leader to deepen THAAD conflict

The mainopposition Minjoo Party of Korea (MPK) is predicted to take a hard-line stanceagainst the country hosting the Terminal High Altitude Area Defense (THAAD)system, as Rep. Choo Mi-ae has become the party chairwoman. Her ...

Sittingon floor custom dying out

Sittingcross-legged on the floor to eat at a restaurant could be torture forforeigners. What about Koreans? It’s also uncomfortable - they want to avoid itif they can. However, many Korean restaurants still lack chairs and cu...

THAADseen through eyes of China, Russia, US

Why is Chinaso upset at South Korea’s decision to allow the advanced U.S. anti-missilebattery on its soil as to threaten all-out retaliation? Is Beijing’s positionidentical to that of Russia, its former Cold War ally and riva...

Ifeel like a celebrity, says accused killer 

A man accusedof murdering a woman for no reason shocked people at a trial in Seoul CentralDistri... 

Chineseactress Tang Wei now a mother 

Chineseactress Tang Wei, 37, gave birth to a girl in Hong Kong on Saturday, Joongang Ilboreports... 

Chun'sfamily hit for 'noble labor' in prison 

LeeChang-seok, 65, brother-in-law of former President Chun Doo-hwan, has comeunder criticism for...

S.Korea, US to share NK underwater info 

South Koreaand the United States have agreed to share and jointly analyze information onthe underwater environment in North Korean waters in a bid to better... 

Citygov't preserves vestiges of factory workers 

Garibong-dongin southwestern Seoul is known today as a low-income neighborhood for Chineseimmigr... 

Teachergets jail sentence for having sex with middle school student 

A femaleprivate institute teacher was sentenced to eight months jail, suspended for twoyears, fo...

'Chinaconcerned over NK SLBM progress' 

China’scooperation in the U.N.’s condemnation of North Korea’s ballistic missileactivities reflected Beijing’s growing concerns over Pyongyang’ssignificant... 

Korea,Japan agree on talks to resume currency swap 

Korea andJapan’s finance ministers agreed on Saturday to launch talks on resuming theirbilateral... 

Kanarbseeks to expand global presence 

BoryungPharmaceutical President Choi Tae-hong said Thursday that he is seeking toexpand sales of... 

Artistsseek to preserve historic highrise complex 

Cutting a pathacross the eastern edge of downtown Seoul, the Seun Sangga complex is anambitious ... 

Koreain quest for 9th World Cup berth 

There isalways plenty going on in Korean football but late August and early Septemberis especial...

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

Trump camp hires people ensnared in controversy

U.S. Republican presidential nominee Donald Trump, struggling with hisfalling approval rating, has faced another set of challeng…

Bolt enjoys late night with 10 women in hotel room

The 30-year-old Jamaican athlete Usain Bolt successfully continued to spreadhis ceremony on his triple double.The U.S. magazine …

Liquor tax revenue surpassed 3 trill. won last year

The liquor tax revenue recorded an all-time high last year, indicating aconsistent increase of alcohol consumption despite slugg…

Kim Jong-in declines Moon Jae-in's gathering proposals

Kim Jong-in, the outgoing leader of the opposition Minjoo Party, reportedlyturned down the meeting request made by former party …

Ethiopians come to Seoul to learn urban policies

The Seoul metropolitan government will export its policy knowhow to AddisAbaba, the capital of Ethiopia. A 22-member delegation …

Genetic fingerprints of cholera bacteria from 2 patientsfound identical

Experts raised the possibility on Friday that there may be a "thirdfigure" between the two cholera patients who have been confir…

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

Nearly 40% of Single Working Women Want NoKids

Some 38 percent of single working women have no plans tohave children, according to a survey. The poll was conducted among 500 workingwomen and shows that those who were married had on average 1.8 children.

Seoul Must Strengthen Its Missile Defense atAll Cost

Why Do Koreans Scrimp at Home But Spend Freely Abroad?

Google Must Pay Tax Before Begging for Help from Gov't

Why Do So Many Young Koreans Give Up on Enterprise?

N.Korean Regime Lavishes Generosity on RocketScientists

North Korea has been squandering vast amounts of money onalmost weekly missile tests in recent months despite barely maintaining itselfat subsistence level amid international sanctions.

1st U.S. Remake of Korean TV Show TopsAmerican Ratings

"Better Late Than Never," an American remake ofcable channel tvN's reality travel show "Grandpas Over Flowers," gotoff to a good start, topping the ratings for its time slot. 

U.S. Tracks N.Korean Submarines

N.Korea 'Developing Bigger Missile Submarine'

Korean Expat Fingered in Rumor of Samsung Chief's Death

2nd Patient Comes Down with Cholera

CJ Group Makes Fortune's 'World-Changing Companies' List

Gov't to Subsidize All Infertility Treatment

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

AlreadyOECD lowest, South Korea’s birthrate getting worse

Government’smany measures have had little effect on raising the low birthrate

The reason theSouth Korean government has been left resorting to public “appeals” to overcomethe low birth rate crisis stems from the fact that the rate has remainedstagnant despite various measures to raise it over the years. The totalfertility rate for women of childbearing age (15 to 49) stood at 4.53 in 1970.It fell steeply through the 1970s and 1980s before hitting rock bottom at 1.08in 2005.

[Editorial]Instead of solving, Pres. Park berates those who point out “Hell Joseon”

Adoptionof flexible work policies showing early signs of success

Marriagerate hits another all-time low

Research:inequality hits advanced harder than emerging economies

Economicinequality has worsened more in advanced than emerging economies amidglobalization, recent research findings shows. Economic inequality in emergingeconomies was also found to be less severe than in advanced economies.Accordingto “The Shadow of Globalization Hangs Heavier in Advanced Countries,” a reportpublished on Aug. 24 by LG Economic Research Institute senior researcher SimSun-hyeong and researcher Kim Hyeong-ju...

Asmoms get older, more and more popping out twins and triplets

The number ofmultiple births is rapidly increasing in South Korea.A final statistical reporton childbirths for 2015 published on Aug. 24 by Statistics Korea put the numberof twins born that year at 15,774, an increase of 876 from the year before. Therise was nearly ten times the 0.7% rate of increase for all births over thesame period. A total of 16,166 children born in South Korea last year weremultiple births, a category that includes twins and triplets..

SouthKoreans drinking more low-alcohol drinks, less excessively

This year,South Koreans’ consumption of fruit soju and other low-alcohol drinks hasincreased, alongside a drop in excessive consumption of high-alcohol drinks, anew study shows. According to the results of a survey of drinking habits in thefirst half of this year released on Aug. 26 by South Korea’s Ministry of Foodand Drug Safety, the average number of fruit soju and other low-alcohol drinks(13% to 14% alcohol by volume, or ABV) consumed at a single drinking sessionincreased.

Beforequestioning by prosecutors, close aide to Lotte founder commits suicide

Lee In-won,69, vice chairman of the Lotte Group and one of the closest aides to groupfounder Shin Kyuk-ho, committed suicide on Aug. 26, just before he wasscheduled to be questioned by South Korean prosecutors. Lee’s suicide scuttlesprosecutors’ plans to question Lee and then current Lotte Group Chairman ShinDong-bin in an attempt to prove charges about embezzlment and setting up slushfunds..

Moredetermined than ever, former comfort women say they won’t accept money officialapology

“Wecan’t accept the money until the Japanese government apologizes before us. Giveus 100 million [won], 10 billion, 100 billion - we can’t accept it.”Comfortwoman survivor Kim Bok-dong, 90, was indignant as she spoke on Aug. 26. The daybefore, the Reconciliation and Healing Foundation - launched in accordance withan agreement between the South Korean and Japanese governments on Dec. 28 - hadannounced plans to parcel out the billion-yen (US$9.9 million) pledgedcontribution from Tokyo in cash payments to the survivors..

NorthKorea reportedly looking to build a submarine that can carry multiple SLBMs

North Korea isreportedly pursuing plans to build a new kind of submarine that can carrymultiple submarine-launched ballistic missiles (SLBMs). Quoting a sourceconnected with North Korea, Japan’s Tokyo Shimbun newspaper reported on Aug. 26that there was evidence that North Korean leader Kim Jong-un had instructed themanagers of munitions factories to build new submarines equipped with two orthree SLBM launch tubes by Sep. 9, 2018,.

Chinaand Japan working on bilateral summit ahead of G20 Summit in Hangzhou

China andJapan have begun preparations for a bilateral summit ahead of the G20 Summit onSept. 4-5 in Hangzhou.Chinese Premier Li Keqiang met on the afternoon of Aug 25with visiting Japanese National Security Advisor Shotaro Yachi at the GreatHall of the People in Beijing.“China-Japan relations are improving, but they’restill very fragile. We need to work to get them on a normal development trackagain,” the Chinese Foreign Ministry quoted Li as saying during the meeting..

Amidcontroversy over corruption, support for Pres. Park falls furtherAmidcontroversy over corruption, support for Pres. Park falls further

Supportratings for President Park Geun-hye and the ruling Saenuri Party have fallenamid controversy over corruption allegations involving Blue House SeniorSecretary to the President for Civil Affairs Woo Byung-woo.Results released byGallup Korea on Aug. 26 from a telephone survey of 1,011 adults nationwide onAug. 23-25 (confidence level 95%, margin of error ±3.1 percentage points)showed 30% of respondents holding a favorable view of Park’s job performance...

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

ChooMi-ae easily elected Minjoo Party chairwoman

Veteranlawmaker Choo Mi-ae was elected chairwoman of the Minjoo Party on Saturday,becoming the first woman from the Gyeongsang region to lead the party in its 60years of history. With Choo’s election to lead the country’s largest oppositionparty with 121 lawmakers, the leadership landscape tilted considerably in favorof Moon Jae-in, the former presidential candidate for the opposition bloc inthe 2012 race…

Koreaand Japan to resume talks on currency swap

Korea andJapan agreed to launch talks to resume a currency swap between the twocountries…

UNcondemns Pyongyang’s latest SLBM launch

The UNSecurity Council condemned North Korea for its latest submarine-launchedballistic missile test…

Developershope to make life fun with ‘serious games’

Smartphonegames nowadays can be more than just about play, with a wide variety of appsdeveloped to…

Lotteprojects’ fate uncertain after suicide

The suddensuicide of Lotte Group Vice Chairman Lee In-won on Friday is expected to leavea management vacuum…

FiatChrysler CEO sees Samsung as a potential partner

Fiat ChryslerAutomobiles Chief Executive Officer Sergio Marchionne said he sees SamsungElectronics…

Regulatorto test out ‘robo adviser’ certification

The nation’sfinancial regulator will establish a test certification system for roboadvisers, in a bid to standardize technology…

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

Household Debt Surpasses 1.2 Quadrillion Wonin Second Quarter: Loans Deteriorate in Quantity and Quality

The fast rise of household debt shows no sign of slowingdown. The government has released measures twice already this year alone inaddition to the three times···

[Editorial] We Welcome the National ElectionCommission's Suggestion to Lower the Voting Age to Eighteen

The National Election Commission submitted their opinionto amend the Political Relations Act to lower the voting age from the currentnineteen years and older···

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

IsU.S. Fed's Rate Hike Imminent?

As the U.S.Fed reaffirms its willingness to raise the benchmark interest rate within theyear's end, the global financial markets are getting nervous about itsramifications. That's because financial market "convulsions" mightrevisit just like the 2013 announcement by the Fed for a quantitativeeas... 

KEPCOAcquires Solar Power Project in Colorado at $34 Mil.

Korea ElectricPower Corp. has acquired a solar power plant in the United States. This is thefirst-ever acquisition of an American power plant operator by a Korean company.The state-run electric utility said on August 28 that it signed an agreement totake over shares in a solar generating project...

JapanesePM Abe Promises to Nurture 10 Mil. Talents in Africa

Japan andChina are competing hard to take the resource leadership in Africa. JapanesePrime Minister Shinzo Abe said his government would invest a total of 3 trillionyen (US$29.4 billion) for the next three years in both private and publicinitiatives while nurturing 10 million talents in the cont...

ThePhilippines: From Sick Man of Asia to Asia's Growth Star

Only five decadesago, the Philippines were the second richest country in Asia after Japan. Itwas since Ferdinand Marcos took power in 1965 when the island nation's fortunebegan downhill. For 21 years until his disgraceful resignation in 1986, theeconomic growth rate of the Philippines fell far sh...

HouseholdLoan Rates Hit Record Lows at 2.96%

Interest rateson household loans offered by commercial banks have declined to record lows dueto the continuously falling benchmark rate. According to the Bank of Korea onAugust 26, the annual average interest rate charged to household loans fell by0.1 percentage point in July to 2.96 percent fro...

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

[FOCUS]US board game creator braves possible death threat for mocking supreme leader

Creating a fungame to share at a party is a delightful and special experience. For American boardgame designer Tim Hutchings, it's a dangerous venture, and he may have toendure merciless retaliation and death threats from North Korea. …

KEPCOinks deal to buy US solar power plant

A signingceremony for KEPCO's deal to buy a US solar power plant. The state-run KoreaElectric Power Corp. has signed a deal to buy a US s…

HanjinShipping calls for help amid receivership threat

Cash-strappedHanjin Shipping Co. said that its creditors' extended help is crucial for itssurvival as its negotiations wit…

Chinaresumes imports of South Korean kimchi  ?

China haseased its strict hygienic standard to resume imports of kimchi, a spicy andsour traditional Korean sid…

[FOCUS]US board game creator braves possible death thr…

Creating a fungame to share at a party is a delightful and special exp…

Baseballpitcher gets 10-month suspended sentence for m…

A local courton Friday slapped a suspended sentence with probation on a baseball pitcher forfixing games. The Changwon District Court sent…

Passengersleave taxi driver suffering from heart attac…

A couple ofpassengers left a taxi driver who was suspected of suffering from a heartattack to catch another taxi because they were late for thei…

NorthKorean diplomat in Russia said to have defected: …

A North Koreandiplomat stationed in Russia defected last month, a local source said, amid aseries of defections from the communist country t…

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

S.Korea, Japan agree to resume discussion on currency swap

South Korea’sStrategy and Finance Minister Yoo Il-ho and his Japanese counterpart Taro Asoreached an agreement on Saturday that they would sign the currency swapcontract again that was...

HanjinShipping shares plunge 12% on possible court receivership

With SouthKorea’s debt-ridden Hanjin Shipping Co. on the verge of entering courtreceivership, its shares plunged. Shares of...

Samsungto launch 128GB variant of Galaxy Note 7 in China

SamsungElectronics Co. has decided to launch its flagship device Galaxy Note 7 with128GB storage exclusively in China as part...

Foreigners’net buying of index futures hits record high

With foreigninvestors’ buying spree in the futures market, expectations on more bullishKorean stock market have...

Euro-basedpayment kicks off, providing traction to S. Korea-Iran bilateral

South Koreancompanies will be able to transact with their Iranian counterparts in the eurocurrency instead of Korean won from...

IPOfor Korea’s first hotel REIT company in progress

Mode Tour Co.,South Korea`s second-largest tour agency, announced on Thursday it will list itsreal estate investment trust...

AggressiveELS investment causes massive losses in Hanwha Investment &

HanwhaInvestment & Securities Co., the brokerage unit of South Koreanconglomerate Hanwha Group, reported the largest operating...

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