September 20, 2016

TheKorean daily media headlines and humor

Tuesday, September 20, 2016

Your Excellency:

Here are The KoreaPost notices and around up of important headlines from all major Korean-languagedailies, 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/)

4.5Magnitude Aftershock Rattles Gyeongju Area

Afour-point-five magnitude aftershock rattled the Gyeongju area on Mondayevening.

The KoreaMeteorological Administration(KMA) said the quake struck an area elevenkilometers southsouthwest of the ancient city in North Gyeongsang Province at8:33 p.m.

Gov'tConsiders Designating Gyeongju as Special Disaster Zone

The governmentis reviewing a plan to designate Gyeongju as a special disaster zone in thewake of a recent earthquake that struck the area.

S.Korea, US Air Forces to Conduct Training on Hitting N. Korean Nuke Facilities

Amultinational air defense exercise led by the U.S. is expected to include trainingon precisely hitting North Korea’s nuclear facilities.

An official ofSouth Korea’s Air Force said Sunday that six F-15K fighters and two C-130Htransport planes will take part in the Exercise Red Flag that will begin onOctober third.

970,000Passengers Went through Incheon Int'l Airport During Chuseok

The number ofpassengers that went through Incheon International Airport during the Chuseokholidays this year posted the highest on record among all previous holidays.

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

Magnitude-4.5quake hits southeastern S. Korea

Amagnitude-4.5 earthquake struck near Gyeongju in southeastern South Korea, theweather agency said Monday, a week after two strong earthquakes jolted the samecity.

N.Korea claims successful test of new rocket: KCNA

North Koreahas successfully conducted the ground test of a new rocket engine, thecountry's state-run news agency reported Tuesday.

Obama,China's premier agree to invigorate cooperation in U.N. Security Council on N.Korea: White House

U.S. PresidentBarack Obama and Chinese Premier Li Keqiang agreed Monday to"invigorate" cooperation in the U.N. Security Council and lawenforcement channels on North Korea for the sake of a nuclear-free KoreanPeninsula, the White House said.

U.S.should consider offering to withdraw THAAD if China imposes serious sanctionson N.K.: U.S. experts CCCC

The UnitedStates should consider offering to call off the planned deployment of the THAADmissile defense system to South Korea if Beijing imposes serious sanctions onNorth Korea, U.S. experts said Monday.

Eric Heginbothamand Richard J. Samuels of the Massachusetts Institute of Technology's Centerfor International Studies made the suggestion, arguing that flexibility onTHAAD deployment is worth an end to the North's nuclear and missile programs.

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

Magnitude-4.5quake hits region near Gyeongju

Amagnitude-4.5 earthquake struck near Gyeongju in southeastern South Korea, theweather agency said Monday, a week after two strong earthquakes jolted the samecity.

Debatesimmers over NK flood aid

With NorthKorea reeling from the worst floods in decades, debate is heating up here as towhether Seoul should provide humanitarian relief despite heightened tensionfollowing Pyongyang’s latest nuclear test.

KoreanAir seeks alternative funding plans for Hanjin Shipping

Korean Air,the largest shareholder of Hanjin Group, appears to be seeking alternativeplans to save near-bankrupt Hanjin Shipping in the face of the board’srejection of injecting $60 billion won ($53.7 million) in the ailing shipper.

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

Seoulwants foreigners to track down mistakes on signs

Seoul City isseeking the help of its residents -- Koreans and foreigners -- to note errorsin street signs written in foreign languages.

Signs inEnglish, Chinese and Japanese in public places such as subway stations, busstops, tourist information centers and historic sites are the target.

Powerfulaftershocks jolt southern parts of the country again

Anotherearthquake with a 4.5-magnitude and epicenter 11 kilometers southwest ofGyeongju struck North Gyeongsang Province at around 8:33 p.m., Monday.

HanRiver water taxi service to resume in October

The so-called"water taxi" service on the Han River will resume from mid-October,Seoul City said Monday.

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

Topdiplomats of S. Korea, U.S., and Japan seek stronger sanctions on N. Korea

The topdiplomats of South Korea, the U.S., and Japan had a meeting on Sunday (localtime) in New York to push for a round of san…

ThePeople v. OJ Simpson' takes home 9 in the Emmy Award

Drama"The People v. OJ Simpson: American Crime Story,” which explores themurder trial of OJ Simpson that became a worldwide sen…

19U.S. senators call for expanded sanctions on N. Korea

Nineteen U.S.senators have sent a joint letter to President Barack Obama, urging theadministration to expand sanctions on North…

GalaxyNote7 fire reports in China turn out to be a hoax

The recentreports in China on a fire-catching Galaxy Note7 have been found to be a hoaxmade by malicious consumers. The Chinese…

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

Top Shipbuilders Despair of Meeting Targets

Korea's top three shipbuilders are suffering from arecord dearth of orders and it now seems impossible for them to meet theirannual targets.

Hanjin Resumes Unloading Cargo in Japan

Hanjin Shipping has been able to unload cargo in Japanagain after offloading also resumed in the U.S. and Spain.

The bankrupt shipper said Sunday that the cargo shipGeneva offloaded its containers in Japan and headed to Busan.

Korean Parents Still Fork Out Huge Sums forPublic Education

Private costs for public education have fallen below twopercent of GDP for the first time since 1996, but Korea still ranks third inthe OECD for the amount parents have to fork over.

Ex-U.S. Military Chief Suggests PreemptiveStrike on N.Korea

A former U.S. military leader has called for a preemptivestrike on North Korea to prevent further provocations after its fifth nucleartest earlier this month.

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HanKyoRehShinmoon (http://english.hani.co.kr)

Insidersays Google map data export would damage local industry ecosystem

President ofSouth Korean navigation app argues that releasing data to Google wouldn’t boostjobs or tax revenue

The presidentof the company behind the South Korean navigation app Kimgisa spoke out onSept. 12 over the controversy surrounding Google’s request to be provided mapdata.Park Jong-hwan, whose startup Loc&All developed the app, said futureservices like Kimgisa would not be possible if the request were accepted,claiming the move would damage the industry ecosystem without generating morejobs or increasing tax revenue.

Morethan one fifth of solo-dwelling women in Seoul reside in unsafe flophouses

Just over oneout of five (21.5%) young women living by themselves in Seoul reside in astudio apartment or a flophouse (a boarding house with small rooms, called gosiwonin Korean) a recent survey found.The largest group of respondents, or 31.9%,were living in a category of apartments that are less than four stories high,while just 13% were living in a category of apartments with five stories ormore, which tend to have security facilities.

Economically,S. Korea is reminiscent of Japan, but different in important ways

From a lowbirth rate and an aging society to a decline in the potential growth rate - theissues facing the South Korean economy as it loses steam are becomingstartlingly reminiscent of the precursors to Japan's two-decade-long recession.Is the economy being drawn into an endless tunnel? The International MonetaryFund (IMF) says no. According to its diagnosis, the South Korean situation may seemto have parallels with Japan's, but differs in a few important respects.

SouthKorea’s elderly income inequality highest in OECD

Incomeinequality among elderly South Korean is the highest in the OECD, a new studyshows.The problem stems from the fact that four out of ten elderly workers earnbelow the minimum wage or otherwise suffer from severe poverty.

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

4.5-magnitudeaftershock hits Gyeongju

A4.5-magnitude aftershock struck Gyeongju, a Unesco World Heritage Site in NorthGyeongsang about 370 kilometers (230 miles) southeast of Seoul, on Monday at8:33 p.m., precisely a week after two larger quakes hit the same city, theKorea Meteorological Administration said in a statement.

Trilateralstatement targets North

The top envoysof South Korea, Japan and the United States released a joint statement callingupon “even stronger international pressure”…

Samsung’slocal recall of defective Note7 goes smoothly

The recall ofSamsung Electronics’ Galaxy Note7 phablets went smoothly on Monday, the firstday the tech giant…

Ahn,Ban prompt talk of ‘Third Zone’ for 2017

The idea offinding a new political force outside the conservatives-versus-liberalsestablishment…

Howa shipping giant went under

Weeks havepassed since the nation’s largest, and world’s seventh-largest, shipping linefiled for court receivership…

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

South Korea Ignores Humanitarian Aid forNorth Korean Residents

Because of Hostility over Nuclear TestsThe internationalcommunity has embarked on humanitarian assistance for North Korea, which hassuffered hundreds of casualties and damages to its infrastructure···

President of K-Water, Chairman of KRX:Government Places People from the Saenuri Camp Once Again

The Park Geun-hye government, in the latter half of itsterm, appears to be preparing a shower of key positions as "gifts ofgratitude" after the Chuseok holi···

[North Korea's 5th Nuclear Test: PresidentPark Meets with the Leaders of the Ruling and Opposition Parties] PresidentPark, 'The Korean Peninsula Is at Risk of War

'President Park Geun-hye and the leaders of the rulingand opposition parties met at Cheong Wa Dae on September 12 and exchanged viewson our response to securit···

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

KoreaKolmar Acquires U.S. Cosmetic ODM Company at $30 Mil.

Korea Kolmar,Korea's leading original development manufacturing cosmetics firm, will acquirea U.S.-based ODM company. Analysts said this is a move to create a foothold toenter the world's largest North American cosmetics market. Korea Kolmar said onSeptember 19 that it signed a three-way agreeme... 

ChineseSteel Firms' Rising Profit May Hamper Gov't Capacity Adjustment Program

Net profits ofChina's private-sector steel companies have been fast on the rise since earlythis year. Some in the industry are concerned about the prospect of theindustry-wide restructuring effort underway by the Chinese government becauseof these record-high profits.According to the Hebei provi...

JapaneseCar Makers Doing Quite Well in China

This year'sautomobile sales figure for Japanese cars in China is likely to hit the4-million mark for the first time, reported the Nikkei on September 19. This islargely thanks to the brisk sales of sports utility vehicles and compactpassenger cars. According to the business daily, the total numb...

SamsungElectronics Adopts New Approach to Foreign Partnerships

SamsungElectronics, which recently sold its stakes in a series of foreign partnerfirms, is employing a new approach in forging foreign partnerships. Samsung'sdisposal of its stakes in a string of foreign partners was based on differentreasons. However, such reasons have common elements, includin...

ParkingApps Gain Rising Popularity

The popularityof parking apps, which allow users to book spaces in parking lots throughsmartphones, is rising rapidly. By using parking reservation

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

NorthKorea hails successful ground test of new rocket engine

North Koreaclaimed Tuesday to have successfully conducted the ground test of a new andpowerful rocket engine capable of carrying a geostationary satellite into spacein an operation led by leader Kim Jong-un. The test was conducted suc…

HuaweiKorea accused of leaking rival company's technologies: Yonhap

Prosecutorssaid Monday they have indicted the local subsidiary of China's HuaweiTechnologies Co. and its executives on charges of leaking its competitor'stechnologies and trade secrets.

Daewooshipyard subsidiary wins $120 mln deal to design ships for US yard

A subsidiaryof South Korea's troubled shipyard Daewoo Shipbuilding & Marine Engineeringhas clinched a 120 million US dollar deal from a US shipyard to design twoships.

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

SamsungBioepis files for marketing approval for SB3 in Korea

SamsungBioepis Co., a biotechnology research and development unit of South Korea’slargest conglomerate Samsung Group, last Tuesday filed with the Ministry ofFood and Drug Safety (MFDS) for marketing approval of its first cancertreatment biosimilar SB3, according to sources from the industry on Monday.

KolmarKorea acquires U.S. cosmetics maker PTP

South Korea’sleading cosmetics original design manufacturing (ODM) company Kolmar Korea Co.acquired a U.S.-based cosmetics maker in an attempt to raise itscompetitiveness in the North American market.

S.Korea’s fintech firms to file petition against Apple for closed NFC policy

South Korea’sfintech companies have decided to file a petition with the Korean Fair TradeCommission (KFTC) against Apple for policy not to open its near fieldcommunication (NFC) to external app developers.

Koreanfashion brand KUHO debuts in New York

South Korea’swomen’s wear label KUHO, a brand of Samsung C&T Corp.’s fashion group, hasramped up efforts to become a global brand with its debut in the U.S. market.

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