The Korean daily media headlines and humor

TheKorean daily media headlines and humor

Wednesday, August 31, 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/)

Gov'tProposes Record 400 Trillion Won for 2017 Budget

CreditorsNot to Provide More Assistance to Hanjin Shipping

BudgetPassage in Deadlock as Rival Parties Raise Another Dispute

Gov'tUnveils Variety of Discounts for Chuseok Holiday

MainOpp. Chief Calls for MPK Emergence as Alternative

MPKVows Not to Budge over Budget Dispute

BizOutlook on SMEs Improves for September

NetForeign Credit Posts Record $358 Billion

Gov'tProposes Record 400 Trillion Won for 2017 Budget

Parliamentarians'Coalition for N. Korean Human Rights Meets in Seoul

UnificationMinistry: Socialism Nominal in N. Korea

'N.Korea Laid out Terms to Resuming Dialogue'

Expert:Seoul Must be Ready for Possible Shift in US' N. Korea Policy

USReport Blasts N. Korea Over Forced Labor Overseas

FormerPortuguese PM Guterres Retains Lead in UN Chief Race

12Sex Slavery Victims File Compensation Suit Against Gov't

CarsNot Yielding to Fire Trucks to Face Spiked Fines

Gov'tEases Public Burden on Cancer Shots, ADHD Treatment

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

S.Korea's industrial output gains 1.6 pct on-yr in July

Obama toexpress strong security support for S. Korea if he meets with Park: White House

S.Korea's manufacturing sentiment to improve next month

South Koreanmanufacturers' business sentiment will improve next month as they expect aslight recovery in domestic demand and exports, central bank data showedWednesday.

S.Korea's business sentiment climbs to 4-month high for Sept.

South Koreancompanies' business sentiment for the upcoming month rose sharply from a monthearlier, but a majority of local firms continued to hold a negative outlook duet...

S.Korean airlines cut emissions by 287,000 tons in H1 

South Koreanairlines reduced their greenhouse gas emissions by over 280,000 tons in thefirst half of the year, cutting their use of fuel in the process, which reducedthe...

N.Korean prison camp expands detention facility for women: report

A North Koreanprison on the border with China has expanded detention facilities for femaleinmates in an indication that a growing number of women are forcibly repatri...

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

Korea’s2017 budget to focus on welfare, jobs

[THE INVESTOR]The South Korean government will increase its spending to 400.7 trillion wonnext year, up 3.7 percent fr...

HanjinShipping teeters on verge of court receivership

The creditorsof Hanjin Shipping on Tuesday decided not to extend their financial support toth...

SamsungSDS, LG CNS vie for biometric authentication

[THE INVESTOR]South Korea’s two leading information technology service providers Samsung SDS...

Teenmothers neglected in prenatal care: study

South Korea’spregnant teenagers do not receive enough medical attention and are three timesm...

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

Creditorsreject lifeline for Hanjin Shipping

The state-runKorea Development Bank (KDB) and other creditors of Hanjin Shipping agreed onTuesday not to extend fresh loans to the debt-ridden shipper, pushing it to thebrink of court receivership. Officials from KDB and KEB...

Nuclearsubmarine unrealistic for S. Korea 

Whilepoliticians are calling for the development of a nuclear-powered submarine amidmounting threats of North Korea’s submarine-launched ballistic missile... 

Gov'tdraws up expansionary budget for 2017 

The country’sbudget will top 400 trillion won ($360 billion) for the first time next year asthe... 

Bignationwide discounts mark Chuseok holiday 

Nationalmuseums, theme parks and other paid tourist attractions will offer bigdiscounts to visit... 

Storytellerto give concerts in English 

Kim Seung-ah,a contemporary Korean professional storyteller and founder of ArirangStorytelling...

Expellingrefugee 

Korea hasturned its back on a famous asylum seeker. (We decided to withhold his identityfor fear of his being further persecuted). His plea to be sent to a...

Governmentto set up archive on N. Korea human rights 

The governmentwill set up an archive to record North Korea’s state-perpetrated human rightsviolations under an ordinance endorsed by the Cabinet, according... 

PhilipMorris, British American Tobacco under tax audit 

The NationalTax Service (NTS) has launched special audits of foreign tobacco makers here,accordi...

Presidentialaide under growing pressure to quit 

Oppositionparties questioned the fairness of the prosecution’s ongoing investigation intocorruption allegations surrounding Woo Byung-woo, the senior presid...

'S.Korea needs 2 THAAD batteries' 

South Koreaneeds at least two Terminal High Altitude Area Defense (THAAD) batteries tobetter defend itself from North Korea’s submarine-launched ballistic m...

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

U.S., China to discuss N. Korean missiles and THAAD

U.S. President Barack Obama and Chinese President Xi Jinping will have asummit in Hangzhou, China on Saturday. They two leaders…

Park Sung-hyun, Lexy Thompson compete for the longer shot

Park Sung-hyun, a rising star in the Korean LPGA, was mired intocontroversy over her decision to withdraw from the H1 Resort Wom…

Samsung mass produces 14-nano AP products

Samsung Electronics' newest mobile application processor (AP) built on14-nanometer (nm) process technology will be embedded not…

Sihwa landfill to become the largest garden inmetropolitan area

The Sihwa waste landfill in Ansan City of Gyeonggi Province will betransformed into the largest garden in the metropolitan area…

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

50,000 Hepatitis C Carriers Live WithoutTreatment

An estimated 230,000-250,000 hepatitis C carriers inKorea live without any treatment and are at risk of spreading the virus,government data reveal. The government has known about this for three or fouryears ago but done nothing.

Seoul Warns Expats in China of Terror fromN.Korea

The embassy in Beijing has warned South Koreanorganizations and businesses in China against possible terror attacks orabduction attempts by North Korea after the recent defection of a seniordiplomat.

Free Admission to Museums Over Chuseok

Seoul's four major palaces, royal tombs, museums andparks will be open to the public for free during Chuseok or Korean Thanksgivingnext month. On Sept. 15, Chuseok day, baseball game tickets will be availableat a 50-percent discount.

Kim Jong-un Still Purging Traces of Uncle'sEmpire

Volkswagen Won't Contest Sales Ban in Court

Over 400 Die in Rail Accidents in Last 5Years

Tang Wei Gives Birth to Baby Girl

Son Heung-min 'Receives Offer from Wolfsburg'

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

Chatterfrom conservative politicians says S. Korea should acquire nuclear poweredsubmarine

But such aresponse to N. Korea’s SLBM would violate principle of denuclearizing Koreanpeninsula

Politiciansfrom the ruling Saenuri Party have been calling for South Korea to acquire itsown nuclear-powered submarines following North Korea’s recent successfultest-launch of a submarine-launched ballistic missile (SLBM).But many observersare calling for a more circumspect approach, noting the weak rationale amid adebate over whether the introduction would violate the principle ofdenuclearizing the Korean Peninsula - as well as the more practical impossibilityof introducing the submarines without US approval.

Researcher:Tesla’s entry to South Korea should be an innovation wake-up call

The USelectric car maker Tesla‘s advancement into the South Korean market should be awake-up call for the domestic industry’s development, a researcher is arguing. “Thereneeds to be in-depth analysis of and reflection on a management landscape andentrepreneurial spirit where this kind of company [Tesla] cannot emerge inSouth Korea,” said Korea Institute for Industrial Economics & Trade seniorresearcher Lee Hang-koo in a report published on Aug. 29.

Nervousbut happy reunion for family torn between Korea and Bulgaria

I’m sonervous, but I’m really happy,” said Carmen Nam, 59, a professor of geographyat Sofia University in Bulgaria, when he was introduced to his half-sisterduring his first visit to South Korea on Aug. 29.As soon as Carmen saw NamYul-ju (49, not her real name), his half-sister, in the briefing room of theGyeonggi Provincial Office on the afternoon of Aug. 29, he embraced her..

Aroundhalf of Japanese oppose their government’s billion-yen comfort women payment

Roughly halfof Japanese people oppose their government’s decision to fund Seoul’sfoundation for comfort women survivors with a billion-yen (US$9.8 million)contribution, unless a statue commemorating the victims is removed from itscurrent place opposite the Japanese embassy in Seoul..

Chinaaccepts UN Security Council press statement on North Korea

With the UNSecurity Council unanimously adopting a statement on Aug. 26 denouncing NorthKorea’s series of missile launches, there is growing interest about why Chinais changing its stance. Until the beginning of this month, it had beenreluctant to criticize North Korea for the launches. In the press statement,the members of the UN Security Council strongly condemned four ballisticmissile launches that North Korea has carried out in July and August,.

“Peacethrough solidarity” - Korean artists reflect over Vietnam war atrocities

The setting wasthe second-floor conference room at the Bunkyo Ward Residents’ Center in Tokyoat 6:30 pm on Aug. 27. Artists Kim Seo-kyung, 51, and Kim Woon-sung, 52, whosculpted the comfort woman statue that current sits across from the Japaneseembassy in Seoul, were holding a talk titled “The Vietnam Pieta and the ComfortWoman Statue: How Should We Confront Our Country’s Abuses?”.

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

HanjinShipping edges closer to court receivership

Creditors ofHanjin Shipping unanimously rejected a turnaround plan submitted by themanagement, pushing the country’s largest container shipping company to thebrink of court receivership.

Vice presidents of six banks, including maincreditor Korea Development Bank (KDB), concluded that Hanjin’s revised proposalto raise some 500 billion won ($447.4 million) in new borrowing and by issuingnew shares would fall short of reviving the cash-strapped company after ameeting at the main office of the KDB… 

Humanrights act goes into force after 11 years

South KoreaTuesday approved an enforcement ordinance for the North Korean Human RightsAct…

Budgetfocuses on jobs, incentives to have kids

Next year’sbudget is dedicated to improving average Koreans’ daily lives and starting tosolve the biggest challenges…

Lottekicks off its latest art project

For one monthstarting Thursday, a full moon will overlook the eastern part of Seokchon Lakeevery night…

Retailers’sales grew in July

Most sectorsof the local retail industry saw sales grow in July compared to the previousyear…

Appledeveloping iPad upgrades, refreshed Mac lineup

Apple iscreating new features for the iPad to cater to professional users, along withnew Mac laptops…

Openfintech platform launched

Korea’sfinancial regulator launched an “open platform” on Tuesday to help financialinstitutions facilitate…

Surveyfinds more using mobile payment apps

Two out ofthree Korean consumers use mobile payment apps at least once a week, with mostusing them for online shopping…

Avision to become a Global Business Frontier

The IncheonFree Economic Zone (IFEZ) Authority held its IFEZ vision and strategy 2030proclamation ceremony…

Oxyattorney refuses to answer most questions

Much to thepublic’s dismay, the defense attorney of Oxy Reckitt Benckiser, whose fatalhumidifier sterilizers killed…

Antigraftlaw’s price ceilings will stay in place

The centralgovernment has agreed to keep the price ceilings for the upcoming anti-graftlaw…

FormerSamsung workers lose suit for benefits

Three formeremployees of Samsung Electronics suffering from leukemia and lymphoma losttheir case…

Programseeks to make school life less stressful

Elementaryschool students may soon be asked to learn less. In the latest endeavor toundermine…

‘Comfortwomen’ sue gov’t for compensation

A dozenvictims of Japanese wartime sexual slavery on Tuesday filed a lawsuit againstthe Korean government…

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

[Kim Min-a’s Column] Is Moon Jae-in’s Goal toBecome the President?

The image of former leader Moon Jae-in caught on cameraat the Minjoo Party of Korea’s convention on August 27 was impressive. Hissmiling face just lit up. Lo···

[Editorial] A Duet of Chosun Ilbo’s AllegedCorruption and the Government’s Politics of Sabotage

Song Hee-young, the editor-in-chief of the Chosun Ilboeventually resigned after a series of exposes by Saenuri Party lawmaker KimJin-tae claiming Song alleged···

[Editorial] Stop Trying to Save Woo Byung-wooby Pressuring the Chosun Ilbo for Alleged Corruption of Executive

Allegations have been raised that a senior Chosun Ilboexecutive was in a cozy relationship with Park Soo-hwan, CEO of NewsCommunications, a public relations a···

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

2017National Budget to Exceed 400 Tril. Won...Quadruples in 16 Years 

Next year'sgovernment budget has been confirmed at 400.7 trillion won (US$357.6 billion),up by 3.7 percent (14.3 trillion won) from this year's 386.4 trillion won. Ofthis, 130 trillion won (32.4%) has been set aside for health, welfare, andlabor areas. The item for job creation was raised 10.7 p... 

HanjinShipping Finally Files for Court Receivership

HanjinShipping, Korea's largest container shipper, will likely file for a courtreceivership on August 31. The shipping company will hold a board of directorsmeeting on the 30th and decide whether to apply for the receivership with thebankruptcy court judges in the Seoul Central District Court. E...

SharpOffers Alliance Deal with Japan Display in OLED Area

Sharp Corp.,the Japanese LED maker recently acquired by Taiwan's Hon Hai Group, made anoffer of a strategic alliance to Japan Display Inc., an LCD joint venture bySony, Toshiba, and Hitachi. According to the Nikkei on August 30, Tai Jeng Wu,the newly appointed president and CEO of Sharp, said hi...

[MarketInsight] SK Shipping Looks for New Investors ahead of 160 Bil. Won Put OptionExercise

SK Shipping islooking for financial investors to acquire a 16.9-percent stake in itself.That's because its shareholders Dominus Investment and Mirae Asset Daewoo haveasked SK Shipping to make a purchase of the stake in accordance with their putoptions. The shares are estimated to be valued at 16...

KOSPI-listedFirms' 1H Average Debt-to-equity Ratio Declines Slightly from 6 Months ago

The averagedebt-to-equity ratio of KOSPI-listed firms has declined slightly this year.According to the Korea Exchange and the Korea Listed Companies Association onAugust 29, the consolidated debt-to-equity ratio of 626 listed companies thatclose their books in December was 115.4 percent as of th...

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

[FOCUS]Kumho Tire shares up on news about bidding

Shares ofKumho Tire Co. rose sharply Tuesday on news that creditors will kickstart theprocess of selling a controlling stake in the world's 12th largest tire makerwith an international product base. Nine creditor banks acquired a …

Russelsays SLBM requires urgent talks at regional sum…

North Korea'slatest submarine missile test makes it urgent for US President Barack Obama andother East Asia leaders to discuss the thr…

USstate data shows 23 countries hosting N. Korean labo…

An eveningrally by young people in Pyongyang. Nearly two dozen countries around the worldhost North Korean laborers that the communist regime …

SamsungSDI invests $358 mln to build EV battery plant…

[Courtesy ofSamsung SDI] ?South Korea's Samsung SDI said Tuesday it would invest about 358 million USdollars to build a cell battery plant in Hungary as part…

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

HanjinShipping headed for court receivership as creditors reject fresh funds

South Koreagovernment and creditor banks decided against injecting fresh funds to troubledHanjin Shipping, placing the country’s biggest cargo carrier on path forinsolvency and ...

Koreaproposes to up ’17 budget by 3.7% to $360 billion for mild expansion

The SouthKorean government Tuesday endorsed 2017 budget at a record scale of 400.7trillion won ($360 billion), up 3.7 percent...

SamsungElectronics to unveil three new built-in appliance lineups in Europe

SamsungElectronics Co. will unveil its three new premium built-in home appliancesdesigned to meet the tastes of European...

Korea’s4 insurers invest $179 mn in Google’s Silicon Valley office bldg

South Korea’sfour insurance companies including Hanwha Life Insurance Co. have recently joinedhands with Hyundai Asset...

KumhoTire to invite bidders next month to finalize sales in Q1 ‘17

The shareholdergroup of South Korea’s Kumho Tire Co. announced on Tuesday that it would issuea public notice on the sale of...

AsianaAirlines withdraws Cheongju MRO business project

South Korea’sfull-service carrier Asiana Airlines Inc. has pulled out of a project it hadpushed forward since early last year...

Bigdrug supplier caught in U.S. to be extradited to S. Korea

A kingpin of adrug supply network operating in the United States and targeting Korean peoplehas been arrested by American...

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