The Korean daily media headlines and humor

TheKorean daily media headlines and humor

Tuesday, September 27, 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/)

Railway,Subway Workers Launch 1st Joint Strike in 22 Yrs

Unionizedworkers of the country’s rail and subway systems launched a general strike onTuesday in protest of the government’s move to expand a performance-basedsalary system.

It is thefirst time in 22 years that railway and subway unions went on a joint strike.

USSanctions Chinese Company for Ties to N. Korean Nuclear Program

The U.S.Treasury Department has designated a Chinese trading company based in Dandongas a key illicit network supporting North Korea's weapons proliferation. TheTreasury announced sanctions against Hongxiang Industrial Development Company,its founder and three of her business associates for seeking to evade U.S. andUN sanctions by facilitating access to the U.S. financial system by adesignated entity.

S.Korean Lynx Helicopter Crashes during Joint Drill with US

A South KoreanNavy helicopter crashed into the East Sea during a joint drill between SouthKorea and the U.S. on Monday. Three people were on board the anti-submarinechopper, including the pilot.

AgricultureMinister Refuses to Resign

Newlyappointed Agriculture Minister Kim Jae-soo has effectively rejected calls forhis resignation.

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

S.Korea, Netherlands to hold high-level summit

South KoreanPresident Park Geun-hye and Dutch Prime Minister Mark Rutte will hold a summitin Seoul on Tuesday to discuss bilateral cooperation on an array of issues,including North Korea's escalating nuclear threats, her office Cheong Wa Daesaid.

Korea'saging society challenged by low private pension rate

South Korea's pension subscription rate is toolow to be able to handle the growing elderly population, and tax benefits maybe one way of inducing people to sign on to private pensions forpost-retirement life, a local research institute said Tuesday.

Seoulstocks start lower ahead of U.S. presidential debate

South Koreanshares opened weak Tuesday, tracking declines in global stock markets ahead ofthe first U.S. presidential debate between Hillary Clinton and Donald Trump.

Smugglingby flight crews increasing: report

Smuggling byairline crews has been increasing, mostly from gold bars snuck in by staff onVietnamese carriers, a customs agency tally showed Tuesday.

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

Saenuriboycotts Assembly audit

The first parliamentaryaudit of the 20th National Assembly fell into disarray on its first day Monday,as members of the ruling party boycotted the sessions while its leader began ahunger strike against the opposition’s push to sack a minister and the Assemblyspeaker‘s alleged breach of neutrality.

Prosecutorsrequest arrest warrant for Lotte chairman

South Koreanprosecutors requested a warrant to arrest Lotte Group Chairman Shin Dong-bin onMonday as the criminal investigation into alleged corruption at Korea’sfifth-largest conglomerate nears its climax.

Cheyleads SK’s global search for growth

The chiefexecutives of key SK companies have been busy doing homework lately.

In front of SKGroup Chairman Chey Tae-won and his fellow CEOs, they have to make apresentation next month on ways to fundamentally challenge the way they makemoney, work and use assets.

Dangerouslyskinny K-pop girl groups

A member of aSeoul-based college dance group Lee Hyo-min (not her real name) says she has nofancy tricks when it comes to dieting. She simply “starves” herself, said the22-year-old.

“Idrink water and iced Americano,” the aspiring dancer told The Korea Herald. “IfI get really hungry, I have one bite of pizza or something that the group hasordered.”

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

Majorrail service disruptions due Tuesday as workers go on strike

Unions ofsubways and railroad workers will launch a joint strike nationwide today toprotest the government-initiated performance-based salary system.

Militaryhelicopter crashes in waters off east coast

A South Koreanmilitary chopper involved in a joint military drill with U.S. Navy has crashedin waters off the nation's east coast Monday night.

Googleaccused of allowing minors to access obscene apps

Google Koreaallegedly allows minors to download obscene features like applications foradult shops, lewd pictures and violent games through its Google Play Store,Rep. Lee Eun-kwon of the ruling Saenuri Party said Monday.

Lottechairman faces arrest

Lotte ChairmanShin Dong-bin faces arrest over alleged embezzlement, breach of trust and thecreation of a slush fund.

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

US-ROKnavies conduct precision strike drills in East Sea

The U.S. andSouth Korean navies conducted a joint drill in the East Sea on Monday, focusedon exercising precision strikes again…

NYTquestions Trump’s qualification as children’s role model

The New YorkTimes, which had officially endorsed Hillary Clinton for the next president ofthe United States on Saturday, wrote …

Copperritual bowls of the 4th century BC found in Korea

Small andmirror shaped copper bowls have been found for the first time in Korea. Theywere presumed to be used for ritual ceremo…

Golflegend Arnold Palmer dies at the age of 87

The King ofGolf has left the green field for good. Legendary American golfer Arnold Palmerdied on Sunday from heart attack.

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

Korean Automakers Now Build More Cars AbroadThan at Home

The production volume of Korean automakers is now biggeroverseas than at home. orean carmakers produced 2.77 million cars in thecountry from January to August but 2.92 million in their overseas factories.

Chinese Tourists Dwindle for 1st Time

The number of Chinese tourists visiting Korea dropped forthe first time last month. The Korea Tourism Organization on Friday said873,771 Chinese tourists visited Korea in August, down five percent from theprevious month.

65,000 Schoolkids Mentally Troubled

More than 65,000 schoolkids in Korea need counseling andtreatment for emotional problems, recent data shows. Some 9,624 are consideredat risk of suicide and require urgent treatment.

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

After316 days in a coma, farmer Baek Nam-ki passes away

Baek Nam-ki, afarmer left in critical condition after being struck by a jet from a policewater cannon during a Nov. 14 popular indignation protest in downtown Seoul,succumbed to his injuries and passed away on Sep. 25. He was 69.

A“worker for life and peace” breathes his last breath

The burningheart of a man called a “worker for life and peace” has made its last beat.

Baek Nam-ki,69, was admitted to critical care at Seoul National University Hospital lastNovember after being struck by a cold jet from a water cannon whileparticipating in a popular indignation protest. On Sep. 23, his condition beganto rapidly deteriorate. His kidneys weakened, preventing the administration ofdrugs, and family members and acquaintances rushed to his site after themedical team informed them he was unlikely to survive the weekend.

Thetruth behind the fuss over preemptive strike on North Korea

Recently, aseries of reports have appeared in the South Korean media suggesting that theUS is considering a preemptive strike on North Korea as one of severalsolutions to the North Korean nuclear issue. I even got a worried call from afriend in South Korea asking whether the US is really considering a preemptivestrike.

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

Prosecutorsseek detention of Lotte chairman Shin

Prosecutors onMonday requested a pretrial detention warrant for Lotte Group Chairman ShinDong-bin, six days after they summoned the head of the retail giant forembezzlement and corporate malpractice allegations that amount to 170 billionwon ($153 million).

HyundaiMotor union holds full-scale strike

HyundaiMotor’s labor union launched a full-fledged strike on Monday for the first timein 12 years, a move that is expected to…

Pollsshow Ban favored as presidential candidate

UN SecretaryGeneral Ban Ki-moon led in the latest support poll for South Korea’s next potentialpresident…

Countryclimbs in ranks of per capita assets

Koreans’financial assets grew slightly last year, but their debt expanded at thefastest rate in Asia…

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

No Apology, Government Ignores ItsResponsibility and Neglects to Punish Those Responsible

The farmer Baek Nam-gi (69) breathed his last breathbefore hearing a word of apology from the Park Geun-hye government. No one tookthe responsibility and no one was punished for his death. Baek's death isexpected to fuel the controversy and debate over excessive use of police forcein suppressing riots and over who was responsible for the tragedy.

Over a Thousand Citizens Claim, "I AmBaek Nam-gi" and Join a Candlelight Vigil in Front of the Funeral Home

On September 25, the day Baek Nam-gi died, people visitedthe funeral home at Seoul National University Hospital in Jongno-gu, Seoul lateinto the night to mourn Baek's death.

Baek's family made the arrangements at room no. 1 on thethird floor of the funeral home shortly after his death. By 6:10 p.m. when theybegan receiving visitors, more than 500 citizens had lined up outside thefuneral home.

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.

But for what did the film host such a feast of gruesomeviolence?

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

OverseasDeposit Balance Hits Record High of 56 Tril. Won...Parliamentary Probe

The balance ofdeposits held by Korean nationals and corporations in overseas bank accountshas hit a record-high level this year to 56,084.6 billion won. The most populardestination for them to park money was Hong Kong. Rep. Shim Jae-cheol (NewFrontier Party), who is a member of the National Asse... 

HyundaiMerchant Mulls over Acquiring Hanjin Shipping Vessels

HyundaiMerchant Marine is pushing to acquire some of the vessels run by HanjinShipping which is placed under a court receivership. The state-run KoreaDevelopment Bank, the largest shareholder of Hyundai Merchant Marine, isoffering sideline support by sending official letters asking foreign shipp...

[MarketInsight] Nation's Golf Industry to Face Ice Age Following Introduction of"Kim Young-ran Law"

The number ofgolf clubs for sale due to capital impairment or worsened business conditionsand those likely to be out on the market soon is estimated at more than 100.This is almost 20 percent of the nation's 518 country clubs. If the so-calledKim Young-ran law is in place from September 28 that ...

Carlyle-MaeilDairies Consortium Likely Winner of McDonald's Korea Deal

The CarlyleGroup-Maeil Dairies consortium has become the sole bidder to acquire McDonald'sKorea. According to investment banking industry sources on September 26, KGGroup has

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

Seoulreleases smart payment system for Chinese tourists

Chinesetourists carrying smartphones will be allowed to use a mobile payment system inpaying for public transport fares during their trips to South Korea, startingthis week, as part of a campaign to resolve their complaints.

Newbudget Huawei smartphone to his South Korea this we…

New budgetsmartphones from Chinese tech giant Huawei will be unveiled in South Korea thisweek through a domestic mobile carrier, reflecting t…

Threemissing in Linx helicopter crash during joint sea

Three SouthKorean officers have been missing after a multi-purpose helicopter crashed intothe sea during a joint drill by US and South Korean…

Carlyleconsortium becomes sole candidate to buy McDona…?

[Courtesy ofMcDonald's ] A US-South Korean consortium of Carlyle Group LP and Maeil DairyIndustry Co. has become the sole candidate in contention to a…

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

DoosanGroup mulls sale of Doosan Engine

South Korea’sDoosan Group is considering selling a major stake in Doosan Engine Co. held byDoosan Heavy Industries & Construction Co. as part of the group’s ongoingefforts to reshape a business portfolio of its units.

Domesticlines of Hyundai Motor labor go idle Mon in first full strike in 12 yrs

The laborunion of South Korea’s leading automaker Hyundai Motor Co. on Monday enteredits first full-fledged strike in 12 years amid little progress in wagenegotiations.

NTPfollows MS in suing Korean tax authority for excessive royalty tax levy

Virginia-basedpatent-holding company NTP Inc. challenged the Korean tax authority to demandtax refund, claiming the levy on its royalty income unjust after Microsoftclaimed tax return 634 billion won ($574.4 million) in paid corporate taxes.

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