September 21, 2016

TheKorean daily media headlines and humor

Wednesday, September 21, 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

Aquick roundup of major news stories from the Korean news media today:

KBS (http://world.kbs.co.kr/english/news/)

ObamaWarns N. Korea of Consequences of Nuclear Weapons Program

U.S. PresidentBarack Obama addressed North Korea's nuclear and missile threats during aspeech to the UN General Assembly in New York on Tuesday. While callingPyongyang's testing of nuclear weapons a threat that endangers the entireworld, Obama stressed the need to make the regime pay a price. The remarks comeas the UN Security Council is in the middle of discussing a fresh package ofsanctions against the North for conducting its second nuclear test this year.

Kim Bum-soo has more.

N.Korea Covers Tunnels at Nuclear Test Site in Possible Prep. for 6th Nuke Test

North Korea issaid to have covered the entrances to two tunnels at its Punggye-ri nucleartest site, raising speculations that the regime may conduct a sixth nucleartest in the near future.

PresidentPark Visits Quake-Stricken Gyeongju

President ParkGeun-hye has visited Gyeongju to observe firsthand the damage left behind byrecent earthquakes in the southeastern city and consoled its residents.

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

Gov't,ruling party holds talks on N. Korea provocations, earthquake

South Korea'spresidential office, the prime minister and the ruling Saenuri Party held talkson Wednesday to formulate plans on North Korea's latest provocations and actionto be taken to deal with a series of earthquakes that have jolted thesoutheastern part of the country.

Halfof high-ranking gov't officials' children given favor in military duty:lawmaker

More than halfof high-ranking civil officials' children have received favors in carrying outtheir compulsory military service, an opposition lawmaker said Wednesday,cast...

Gov'turges bank labor to drop strike plan

South Korea'schief financial regulator called on the nation's umbrella bank union Wednesdayto withdraw its plan to go on a general strike later this week, saying such ...

Womenabsent at executive positions of public firms

None of thetop 30 public enterprises have female executives, a corporate analyst saidWednesday, a finding that defies government efforts to raise women's presencein the ...

Gov't-privateproject to double EV battery range to 400 km per charge

South Koreawill invest 43 billion won (US$38.4 million) in developing a new electricvehicle (EV) battery with a range of some 400 kilometers per charge by 2020 inorder ...

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

NKclaims successful test of new rocket engine

North Korea onTuesday claimed it has successfully conducted a ground test of its new rocketengine, a move South Korean military and experts believe is aimed at boostingits intercontinental ballistic missile program.

Lottechairman questioned over alleged corruption

Lotte GroupChairman Shin Dong-bin appeared before the prosecution Tuesday for questioningover...

Gyeongjustrives to protect artifacts after quake

GYEONGJU,North Gyeongsang Province -- Over 60 historical sites in southeast Korea,including n...

Institutionsconsider Woori Bank shares

Prospects lookbright for the South Korean financial authority’s fifth attempt to privatizest...

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

Inthe hurt of the sea

For monthsthey were forced by their Korean superiors to haul in fish during shiftslasting up to 20 hours. The Koreans provided little in the way of dailynecessities to help them endure another hard day on the high seas.

Quakecauses deeper fears nationwide

When amagnitude 5.8 quake struck Korea’s southern regions a week ago, the KoreanMeteorologist Administration (KMA) said it would likely subside after secondarytremors over the next three days or so. On Monday night, however, ...

2.1-magnitudequake detected north of inter-Korean border 

A weakearthquake was detected on the northern side of the inter-Korean border inGangwon Province, Tuesday afternoon, according to the state weather agency.

LeaveKorea by December or face ban, illegal foreigners told 

Foreignersillegally in Korea will avoid punishment if they leave by the end of the year,the just...

Seoul'spublic bicycle system unfriendly to foreigners 

Publicbicycles run in Seoul, but with creaks for foreigners.

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

N.Korea successfully tests its new rocket engine

North Koreasaid on Tuesday that it successfully conducted a ground test of its new rocketengine, which is three times more powe…

NgugiWa Thiongo wins 6th Pak Kyong-ni Literature Award

Kenyan writerNgugi Wa Thiongo (78) has been named as the winner of the sixth Pak Kyong-niLiterature Award. The award is present…

Additionalroyal tombs found in Baekje Historic Areas

Ancient royaltombs have been found in the Baekje Historic Areas that was added to the listof the UNESCO World Heritage List in …

Thenew major-league golf queen aspires for a bigger stage

Ibelieve I haven’t reached a peak in my life yet. I would like to be a medalwinner in the Olympics four years from now,” said …

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

Korea to Join U.S.-led Bombing Drill inAlaska

A U.S.-led multinational air drill next month will practicebombing North Korean nuclear facilities, the South Korean Air Force saidMonday. Exercise Red Flag will be held at Eielson Air Force Base in Alaska onOct. 3-21.

Korea Needs Intelligence-Sharing Pact withJapan

The foreign ministers of Korea and Japan in talks onSunday signaled the revival of plans for a military intelligence-sharing pactbetween their two countries. But Foreign Minister Yun Byung-se warned hiscounterpart Fumio Kishida that this will require public support.

Killer Heels Come at a Cost

High heels can come at a high cost to health as theystrain muscles in the legs and put pressure on the feet where nature does notwant them.

Over 80% of Koreans Choose Cremation

More than 80 percent of Koreans now choose cremation fortheir funeral, a massive cultural shift from just two decades ago.

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

S.Korea, US and Japan sign joint statement, but differences remain

The topdiplomats of South Korea, the US and Japan said that they “explored ways towork together to ensure that all countries fully and effectively implement alltheir obligations and commitments under UN Security Council Resolution 2270,which imposed the strongest sanctions ever placed upon North Korea, in responseto the DPRK‘s accelerated, systematic, and unprecedented campaign to develop anoperational nuclear capability.”

Parkgovernment still denying humanitarian aid to flood-stricken North Korea

The ParkGeun-hye administration refuses to budge in its position on humanitarian aid toNorth Korea in the wake of what Pyongyang is calling the most extreme disastersince Liberation in the flood-ravaged northern region of North HamgyongProvince.

JohnKerry says he’s “prepared to sit down” for dialogue with North Korea

US Secretaryof State John Kerry stressed on Sept. 18 that Washington is “prepared to sitdown with [North Korea] to deal with the issues of nonaggression, of peace onthe Korean Peninsula, of [North Korea] joining the international community, ofattracting [humanitarian] assistance and economic development, providing NorthKorea is prepared to talk with the rest of the world about responsibleapproaches to the question of nuclear weaponry and a nuclear program.”

Factionsof ruling party have varying takes on possible Ban Ki-moon candidacy

Over theChuseok holiday, remarks by UN Secretary General Ban Ki-moon hinting at apresidential run galvanized the interest of the Saenuri Party. Even on Sep. 19,after the holiday had ended, the aftershocks are still reverberating andeliciting a variety of responses

Despitepledges to rein it in, South Korea still has OECD’s biggest underground economy

In a recentlypublished report called “How Incentives for Tax Evasion Affect Economic Growth,the Progressive Nature of Taxation and Sustainability,” Kim Jong-hee, aneconomics professor at Chonbuk National University, analyzed the scale of theunderground economy and the amount of tax evasion as a percentage of GDP in 26OECD member countries between 1995 and 2014. Kim found that South Korea’sunderground economy has averaged around 10.89% of GDP over the past 20 yearsand that tax evasion was around 3.72%.

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

Localsflee after 3rd major quake hits Gyeongju

After a4.5-magnitude aftershock hit the North Gyeongsang city of Gyeongju on Mondaynight in the same place as two large earthquakes only a week ago, residents arefleeing the region and making preparations for emergency flights.

NorthKorean media report test of rocket engine

North Korea onTuesday said it successfully conducted a ground test of a new high-poweredengine designed for a geostationary satellite, its latest move to enhance itsballistic missile technology in defiance of repeated international warnings.

Lottechairman faces querying over embezzlement charge

Lotte GroupChairman Shin Dong-bin submitted to questioning by prosecutors on Tuesdayconcerning his role in the retail giant’s tax evasion, embezzlement, slush fundoperation and other forms of corporate malpractice.

BlackBerryreturns to local market

BlackBerry hasreturned to Korea after a three-year absence with its first Android smartphone.

The Priv, thecompany’s first smartphone, was introduced in other key markets in November.The Canadian smartphone maker unveiled the new device after failing to reinventitself in the face of stiff competition from Samsung Electronics and Apple.

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

Exchanges Go Smoothly on First Day ofDistributing New Galaxy Note 7

On September 19, mobile network carriers began exchangingGalaxy Note 7 phones as customers lined up to receive the new products. Thismorning, Samsung Electronics supplied 100,000 new phones and the exchanges weremade rather calmly with no major disruption.

Nothing Has Changed with the THAAD SystemDespite the North's 5th Nuclear Test

After North Korea's fifth nuclear test, a slight changehas been observed in the opposition parties, which had opposed the placement ofthe Terminal High Altitude Area Defense (THAAD) system in South Korea.Yesterday, former leader of the People's Party, Ahn Cheol-soo said, "IfChina can effectively join in sanctions with actual impact on North Korea, wemay not place the THAAD missiles

South Korea Ignores Humanitarian Aid for NorthKorean Residents Because of Hostility over Nuclear Tests

The international community has embarked on humanitarianassistance for North Korea, which has suffered hundreds of casualties anddamages to its infrastructure due to a flood that occurred in the NorthHamgyong Province

Falling Hong Joon-pyo, "I Want to Go toHell and Ask Sung"

On September 8, the court sentenced Hong Joon-pyo,governor of Gyeongsangnam-do a year and a half in prison in connection to theSung Wan-jong list, switching on a red light in Hong's political career.

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

DongwonGroup to Nurture Logistics as Future Growth Engine by Acquiring Dongbu Express

Dongwon Groupwill strengthen its logistics business line-up by acquiring a controlling stakein Dongbu Express, the nation's third-largest logistics firm. The move reflectsthe group's plan to make logistics as a future growth engine by creatingsynergies with existing business lines including deep-sea fishery, foodprocessing, and packaging.

OCICompletes Maanshan Coal Tar Plant...Becomes World's No. 3 Firm in Capacity

OCI Co. hascompleted a coal tar distillery with an annual capacity of 350,000 tons inMaanshan in China's Anhui Province. Including refineries in Korea's Pohang andGwangyang (450,000 tons) and one in China's Shangdong Province (380,000 tons),the company has now a total capacity of 1.18 million tons a year.

SKNetworks May Sell Its Fashion Unit amid Poor Performance of Conglomerate-ledBrands

SK Networks,the company owning the marketing rights of major fashion brands such as TommyHilfiger, Obzee, and Calvin Klein, is reviewing an idea to sell off its fashionunit wholesale to Hyundai Department Store.

Outlookon the World's Alternative Investment Market by Best Analysts

The KoreaEconomic Daily will hold the ASK 2016 Global Real Estate and InfrastructureSummit at Conrad Seoul Hotel on October 20 in which the world's experts inalternative investment will discuss opportunities throughout the globe.

FacilitatingAccess to Regular Jobs Among Women is Crucial

In short,there are many new job opportunities associated with new technology and thedigital economy. However at the same time the labour market is becoming moreinsecure and unequal.

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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.

SouthKorea's largest securities firm to be launched on December 29

South Korea'slargest securities firm with its equity capital estimated at 5.9 billion USdollars will be launched at the end of this year through the combination of twounits under the wing of Mirae Asset Financial Group, a powerful asset manager.

Koreawill be key topic for Obama's talks with Xi

Tensions onthe Korean Peninsula will be a key topic for US President Barack Obama'supcoming talks with Chinese President Xi Jinping, the White House said Monday.

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

China’sTriplex International Biosciences aims to go public in S. Korea

China’smedical diagnostic reagents and kits maker Triplex International BiosciencesCo. is expected to go public in South Korea’s tech-heavy secondary KoreaSecurities Dealers Automated Quotations (Kosdaq) market next year to become thefirst foreign biomedical engineering company to be listed in Korea since AccessBio Inc., U.S-based firm founded by Koreans joined the Kosdaq market in May2013.

U.S.authority finds no proof to link Galaxy Note 7 and car fire in U.S.

Americanauthorities have found no evidence that Samsung Electronics Co.’s Galaxy Note 7caused a fire that engulfed a car in flames in St. Petersburg, Florida onSeptember 5.

LotteGroup Chairman Shin Dong-bin may lose management control if indicted

Fear of losingmanagement control of South Korea’s fifth-largest conglomerate Lotte Group toJapan is looming after Lotte Group Chairman Shin Dong-bin was summoned forquestioning to the prosecution on alleged corruption activities on Tuesday.

S.Korean govt, creditors seek to secure liquidity for DSME

The SouthKorean financial authority and state-run Korea Development Bank (KDB) will seekways to salvage Daewoo Shipbuilding & Marine Engineering Co. (DSME) fromfurther falling into the liquidity crisis amid growing concerns that thedelivery of two drill ships to Angolan state oil firm Sonangol EP would beindefinitely delayed.

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