The Korean daily media headlines and humor

TheKorean daily media headlines and humor

Monday, September 26, 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

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

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

Yomiuri:Japan Proposes Holding Trilateral Summit in December

Japan is saidto have proposed to South Korea and China that they hold a trilateral summit inTokyo in early December.

The YomiuriShimbun, quoting diplomatic sources from South Korea, China and Japan, saidTokyo suggested December considering the schedule of the Japanese parliament,which will convene an extraordinary session from Monday through November 30th.

RoughStart Expected for Parliamentary Inspection of Gov't

The 20thNational Assembly will kick off its first inspection of government offices onMonday, but the 20-day proceedings are expected to hit a snag from day one.

FormerCIA Chief: N. Korea to Have Missiles that Can Hit US in 3-5 Years

Former chiefof the United States Central Intelligence Agency (CIA) Michael Hayden says thatin three to five years, North Korea will secure the capabilities needed tomount a nuclear warhead on missiles that could hit Seattle, Washington.

--------------------------------------------------------------------------------------------------------

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

HyundaiMotor praised in Congress for anticancer fund-raising campaign

Hyundai Motor,South Korea's largest automaker, has been praised for its campaign to raisefunds for tackling childhood cancer in the United States as members of Congressconcerned about the disease held their annual gathering.

Toporganizer for PyeongChang Winter Games calls for more public support,participation

Increasedsupport and participation from the public will ensure the success of the first WinterOlympics in South Korea, the event's top organizer said Monday.

PyeongChangon track to complete construction, deliver eco-friendly Olympics

South Korea ison its way to complete venue construction on time as the country aims to makeits first ever Winter Olympics an environmentally friendly event.

S.Korea's first Winter Olympics 500 days away

The firstWinter Olympic Games to be held in South Korea are now 500 days away, as theeast coast host city of PyeongChang ratchets up its preparations.

-------------------------------------------------------------------------------------------

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

Politicaltension rises after Park's veto

The rulingSaenuri Party and opposition parties Sunday hit an impasse over holding aparliamentary audit as scheduled, clashing over President Park Geun-hye’s vetoof a parliamentary motion to dismiss a cabinet member.

Economyheaded for a long tunnel of low growth

Deteriorationsin jobs and other recent economic data are stoking fears of a crisis in SouthKorea, but experts say the economy is more likely to enter a long and gradualspiral downward, rather than a short-term, cyclical crisis.

Doubtsraised over subway sexual harrassment crackdown

On the morningof June 3, 2015, Kim Ji-hyung was on his way to work. The 31-year-old Seouliteoverslept and was running late.

Instead oftaking his usual 35-minute morning commute -- he would travel from DangsanStation to Yeoksam Station taking Seoul Subway Line No. 2 -- he decided to takea short cut by taking the express train on Line No. 9. By taking the route, hewould reach Sinnonhyeon Station in about 18 minutes and be able to arrive atwork on time.

--------------------------------------------------------------------------------------------------------

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

'OneKorean male attempted join Islamic State'

The Ministryof Foreign Affairs said Sunday it refused to issue a passport to a Korean maleas he is suspected of having the intention of joining the Islamic State (IS)terrorist group.

Politicalstandoff deepens over dismissal motion

Rivalpolitical parties are facing a deepening political standoff over the passing ofan opposition initiated no-confidence vote on the agriculture minister.

Seoulto develop vast underground city

Seoul willdevelop a sprawling underground complex downtown by building a 400-meter passageto link two squares stretching for 4.5 kilometers.

Koreamay refund W3.5 tril. tax to US patent holders

The governmentruns the risk of losing about 3.5 trillion won ($3.17 billion) in tax revenueto U.S. patent holders who are claiming withholding taxes levied on theirroyalties income here should be returned.

--------------------------------------------------------------------------------------------------------

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

Trumpinvites Bill Clinton’s ex-mistress at Monday’s debate

Their “guests”are expected to square off at the first U.S. presidential debate on Monday.Both camps invite the most uncomfortable guest to each other to get the upperhand.

'Improperactions of public officials hurt the people,' says the president

President ParkGeun-hye said Saturday that the recent cases of corruption and improper actionsand arguments left scars and affected public opinion negatively. It seemed thatthe president started tightening discipline of public officials as she felt thenegative publicity generated by the recent improper actions and statements ofsome high level officials as well as corruption in the judiciary.

YahooJapan eyes introduction of 4-day workweek for all staff

Yahoo Japan,the Japanese IT company under Softbank, is considering introduction of four-dayworkweek for all staff. The Japanese media reported on Saturday that YahooJapan CEO Manabu Miyasaka recently informed employees of the plan.

Universitiesface crisis amid tuition freezes, falling number of students

“Asthe government has been curbing universities from raising tuitions for morethan five years, universities have no choice but to strive to secure funds fromgovernment subsidy programs. The fiasco in Ewha Womans University occurred forthis reason.”

-------------------------------------------------------------------------------------------------------

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

Gyeongbok Palace Night Tours Attract TicketTouts

Night tours of Gyeongbok Palace in Seoul are so popularthat ticket touts have started to move in on the business.

Koreans Can't Save Up for Long Old Age

As Korean society ages, more elderly people fall into povertysimply because their retirement savings cannot last for the decades they stillhave to live.

China's Trade with N.Korea Surges in August

China's trade with North Korea surged in August, raisingconcerns that Beijing is deliberately loosening sanctions against the Northamid an escalating arms race in the region.

U.S. Senate Approves Korean War Wall ofRemembrance

The U.S. Senate has passed legislation calling for a Wallof Remembrance in Washington that lists the names of all American soldierskilled in the 1950-53 Korean War. The bill just awaits U.S. President BarackObama's signature.

-------------------------------------------------------------------------------------------------------

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

Afternarrowly avoiding closure, Ganghwa Island school shows students nature’smajesty

It was themorning of Sep. 22 at the Seongmo Island underpass in Incheon’s Ganghwa County.Students from Yangdo Elementary School on Ganghwa Island had arrived on Seongmoisland by boat and were walking endlessly as they looked at the uncommonly bluesky and sea.

FormerForeign Minister says, “Sanctions are a diplomatic method used by lazy people”

This point wasmade by Song Min-soon, president of the University of North Korean Studies(UNKS), in “North Korea’s Fifth Nuclear Test and How South Korea Plans toRespond,” a diagnosis of current affairs by the Institute for Far EasternStudies at Kyungnam University on Sept. 20. Song, former Minister of ForeignAffairs and Trade, was the author of the Sept. 19 Joint Statement during theSix-Party Talks in 2005, which is regarded as the blueprint for the post-ColdWar era.

AsChina swifts from durable goods to services, S. Korean manufacturing at risk

As the focusof China’s domestic market shifts from durable goods to services, South Korea’smanufacturing sector may suffer some serious damage, a new report argues.Business sectors like computers and electronic devices that are tied to theglobal value chain could be the most adversely affected, according to thereport, titled “How Structural Changes in the Chinese Economy Will Affect theGrowth of South Korean Industry,” released on Sep. 22.

KoreaOpens Up to Foreign Performers

More and moreKorean actors are traveling overseas to star in foreign projects as their fanbases expand across Asia and beyond, but another growing phenomenon, though notyet on the same scale, is the increasing presence of foreign actors in Koreanprojects. This past summer Korean cinema got its biggest taste of Hollywoodstardom when Liam Neeson appeared in the Korean War hit Operation Chromite asGeneral Douglas MacArthur, but he’s far from the first foreign performer towork in the Korean film industry.

-------------------------------------------------------------------------------------------------------

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

President’sveto raises tensions between parties

President ParkGeun-hye rejected Sunday the National Assembly’s demand to fire her newlyappointed agricultural minister, waging a new war against the oppositionparties with the unprecedented decision to turn down a recommendation todismiss a seating member of the cabinet.

Chinaopens probe into North Korean bank

Chineseauthorities have begun investigating executives of the Dandong branch of NorthKorea’s Kwangson Banking Corporation, along with other North Korean employeesresiding in China and Chinese trade-related officials, according to sources.

LGChem sets 7 trillion won goal

LG Chem, thenation’s largest chemical company, aims to become the top provider ofelectric-car batteries in the global market and achieve 7 trillion won ($6.4billion) in sales in 2020, the company said Sunday.

MiraeAsset fund targets U.S. real estate

Mirae AssetGlobal Investment has begun accepting investors in the public fund that will bethe country’s first to invest in U.S. real estate.

--------------------------------------------------------------------------------------------------------

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

Only a Villain and a More Evil Villain: Asurato Be Released on September 28

Asura portrays a hellish world in a hellish way. It isfull of murderous expressions and lines, impressive acting, and excellenttechnical skills.

President Park's Understanding of AllegationsConcerning Choi Soon-sil and Ahn Jong-beom

Yesterday while chairing a meeting with her seniorsecretaries, President Park Geun-hye said, "Letting slander and uncheckedexposes run loose when the nation is facing a crisis will only result incontributing to the chaos shaking our society." Her words referred to theallegations concerning her close acquaintances: Choi Soon-sil was allegedlyinvolved in the establishment and management of the Mir Foundation and K-SportsFoundation, and Senior Cheong Wa Dae Secretary for Policy Coordination Ahn Jong-beomwas allegedly involved in collecting donations for these foundations.

Government Continued to Build Nuclear PowerPlants Despite the Risks of an 8.3 Magnitude Earthquake

The government, Cheong Wa Dae, and the ruling party helda meeting of senior officials and decided to declare Gyeongju, Gyeongsangbuk-doas a special disaster area due to damages from the latest earthquake. This willallow the central government to share the costs to restore the area, andprovide tax exemptions and reduce public utility bills, such as electricity andgas, for the residents in the disaster area. However, the government should notthink the situation is over just by declaring the special disaster area andannouncing a few response measures.

South Korea Ignores Humanitarian Aid forNorth Korean 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. However, because of the negative views on North Korea in theinternational community due to the North's fifth nuclear test on September 9,aid is expected to be scaled down significantly.

--------------------------------------------------------------------------------------------------------

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

DaewooConstruction's Controlling Stake out on the Market

Korea DevelopmentBank has set out to sell off a large stake in Daewoo Engineering &Construction, the company in which it owns the controlling rights. This is adecision hastily made in a situation where the construction company's marketvalue is less than a half of the original purchase price. This is because thestate-run bank figured that it may not recoup the investment at all and have tosalvage residual value amid the ongoing restructuring effort surrounding DaewooShipbuilding & Marine Engineering and other shipbuilders.

Yuan'sInclusion in SDR Basket Boon for Korean Exporters

Inclusion ofthe Chinese yuan in the "special drawing rights" basket that formsthe International Monetary Fund's unit of account implies that the yuan wouldbe reborn as one of the world's five currencies readily available for loans toIMF members and for repayments. By 2020, it is estimated the weight of the U.S.dollar, which is now in excess of 60 percent in all reserve currencies, willdecline to as low as 27.4 percent while that for the yuan climbing up from only1 percent now to 21.5 percent.

SavingsBank Loan Balance Hits 40 Tril. Won

The amount ofloans borrowed from savings banks by households and firms has surpassed the40-trillion-won level, which implies that the interest burden of the borrowershas increased further as savings banks typically charge higher rates thancommercial banks.

KoreanStock Market Turns Eyes toward "U.S. Presidential Race" from"FOMC"

Afterbreathing a sigh of relief as the Federal Open Market Committee decided tofreeze the benchmark interest rate in September, the stock market participantsin Korea are turning their attention toward the upcoming U.S. presidentialelection slated to be held on November 8.

--------------------------------------------------------------------------------------------------------

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

Policecharges Samsung official for attempting industrial espionage

A seniorSamsung Electronics official has been arrested for stealing core technologiesabout non-memory chips used for smartphones amid growing concern abuttechnology spills into China.

KoreanAir and Boeing agree to develop unmanned MD 500 helicopter

South Korea'slargest airline company, Korean Air, said Thursday it has forged a new dealwith its US partner, Boeing, to jointly develop an unmanned variant of theUS-made MD 500 light attack helicopter for global sales.

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.

--------------------------------------------------------------------------------------------------------

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

LGChem targets to register $6.3 bn in EV battery sales by 2020

South Korea`sbattery makers LG Chem Ltd. pledged to grow its electric vehicle (EV) batterysales to 7 trillion won ($6.3 billion) by 2020, maintaining its average annualgrowth with over 55 percent, the company said on Sunday.

LGUplus to jump into global market with IoT service

South Korea’sthird-largest telecom carrier LG Uplus Corp. that has concentrated its businessin the domestic market is heading overseas with its expertise in Internet ofThings (IoT) service.

HanjinShipping secures $181 mn to ease disruptions in cargo delivery

Weeks ofdisruptions in global maritime traffic following the collapse of the world’sseventh largest container carrier Hanjin Shipping Co. due to a liquidityshortage is expected to ease as the shipper is expected to secure a total of200 billion won ($181.4 million) in emergency funds that would be enough tounload the cargoes that have been stranded at sea.

Foreigninvestors’ S. Korean stock purchase concentrates on large cap

Foreigninvestors are continuing their buying spree in the South Korean stocks, mostlyin large-cap shares. The net purchase of the country’s top 50 large-cap sharesexcluding Samsung Electronics Co. stocks reached 8.3 trillion won ($7.5billion) so far this year.

-------------------------------------------------------------------------------------------------------

The Korea Post is at your service.

The KoreaPost, established 31 years ago in 1985, operates five news media outlets, twoin the Korean language and three in English.

They are allat your service. You can email all your English and Korean press releases andfeedback for free publication to edt@koreapost.comor korpost@chol.com.The five media outlets are:

(1) A Koreanprint newspaper (http://www.koreapost.co.kr/pdf/list.php),

(2) A KoreanInternet (www.koreapost.co.kr),

(3) An EnglishInternet (www.koreapost.com),

(4) An Englishprint monthly (http://koreapost.koreafree.co.kr/magazine/index.html),and

(5) An Englishe-daily (/rankup_module/rankup_notice/notice_list.html)

Sendyour news releases and feedback: