The Korean daily media headlines and humor

TheKorean daily media headlines and humor

Thursday, September 29, 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

What’sticking in Korea today?

Hereis a quick roundup of important news stories from the major Korean news mediatoday:

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

USAsks Countries to Downgrade Relations with N. Korea

A senior U.S. officialsaid on Wednesday that the U.S. "instructed" countries around theworld to "downgrade or sever" their diplomatic relations with NorthKorea. The remarks indicate Washington’s strategy to isolate the North forpushing ahead with its nuclear program that is posing a threat to the world.

Mina Cha hasmore.

2Umbrella Labor Unions to Stage Joint Rally Against Merit-Based Pay

South Korea'stwo umbrella labor unions will jointly stage a large-scale rally in Seoul onThursday in protest of the government’s push to expand the implementation of aperformance-based salary system.

USAmbassador Talks About Love for Korean Baseball

U.S.Ambassador to Seoul Mark Lippert has appeared on KBS's sports channel to givehis two cents on the year's regular baseball season and the upcomingpostseason. Giving his analysis in Korean, his passion for the game could notbe hidden.

Kim Bum-soo has more.

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

LotteGroup chairman avoids arrest over corruption allegations

The chief ofthe embattled South Korean retail giant Lotte avoided arrest Thursday as aSeoul court rejected a prosecutors' request for a warrant to formally arresthim over embezzlement and breach of trust charges.

S.Korea to expand roads for self-driving car tests

South Koreaplans to expand sections of roads available for the test-run of self-drivingcars in the country as part of efforts to further support the development ofdomestic autonomous vehicles, the transportation ministry said Thursday.

S.Korea's business sentiment improves for Oct.

South Koreancompanies' business sentiment for the upcoming month rose from a month earlier,but a majority of local firms still continue to hold a negative outlook due toweak demand at home and abroad, a survey showed Thursday.

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

LotteGroup chairman avoids arrest over corruption allegations

The chief ofthe embattled South Korean retail giant Lotte avoided arrest Thursday as aSeoul court rejected a prosecutors' request for a warrant to formally arresthim over embezzlement and breach of trust charges.

Saenurirefuses chief’s suggestion to return to audit

The rulingSaenuri Party members on Wednesday decided against their chief’s suggestion toreturn to the parliamentary audit, reiterating their position to continue theboycott for the resignation of the National Assembly Speaker.

Seoulmay intervene in Hyundai Motor strike

The SouthKorean government is considering intervening in Hyundai Motor’s labor strike,as a new wave of labor actions might put more stress on the country’salready-slowing economy.

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

N.Korea claims to have 'completed' nuclear program

The NorthKorean Embassy in Russia claimed Tuesday that the North has "basicallycompleted" development of its nuclear weapons, saying it will continue aqualitative and quantitative buildup of them, according to Russian news agencyRIA Novosti.

LotteGroup chairman avoids arrest over corruption allegations

The chief ofthe embattled South Korean retail giant Lotte avoided arrest Thursday as aSeoul court rejected a prosecutors' request for a warrant to formally arresthim over embezzlement and breach of trust charges.

Saenurirejects call for boycott withdrawal

The rulingSaenuri Party said Wednesday that it will continue to boycott the NationalAssembly government audit after rejecting its leader's call to return tosessions, today.

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

Washingtonto isolate Pyongyang from global financial network

The WhiteHouse officially confirmed President Barack Obama’s commitment to levysanctions against the Chinese Liaoning Hongxiang Group which exported nuclearmaterials to North Korea.

'Three-parentbaby' is born in U.S.

A world’sfirst “three-parent baby” was born as the baby has two biological mothers andone biological father. A U.S.-based medical team combined two eggs fromdifferent mothers and then fertilized the new egg with father’s sperm.

Korea,U.S. seek to complete THAAD deployment earlier

As the SouthKorean government is set to announce a new site for the planned deployment ofthe Terminal High Altitude Area Defense (THAAD), officials in Seoul andWashington indicated that the two allies would complete the deployment earlierthan originally scheduled.

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

N.Korean Math Whiz Arrives in Seoul

A North Korean math whiz who sought refuge in the SouthKorean Consulate General in Hong Kong in July has arrived in South Korea, HongKong media reported Tuesday.

Less Than Half of Enlisted Soldiers ConsiderN.Korea the Enemy

A majority of professional military officers staunchly thinkof North Korea as the enemy, but among their conscripted men the proportion isless than half.

Hundreds of Teenagers Listed as CompanyChiefs

Some 206 individuals under 18 are registered as heads ofcompanies, apparently as a tax dodge by parents who mostly run real estatebusinesses.

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

Newanti-corruption act directly affects 4 million, but changes life for all S.Koreans

TheAnti-Corruption and Bribery Prohibition Act (or the Kim Young-ran Act, as it ismore commonly known), which goes into effect in South Korea on Sep. 28, isexpected to bring sweeping changes to the culture of providing entertainmentand favor-seeking that is endemic in the country.

Indebate, Clinton and Trump show different colors on Korean peninsula issues

HillaryClinton and Donald Trump showed their opposing positions on Korean Peninsulaissues in their first televised debate as the US Democratic and RepublicanParty presidential candidates on Sep. 26.

Whois Lee Jung-hyun, and why is he on hunger strike?

Saenuri Partyleader Lee Jung-hyun has vowed to stay on his hunger strike until theresignation of National Assembly speaker Chung Sye-kyun, who allowed lawmakersto vote on the motion to dismiss Kim Jae-su, Minister of Agriculture, Food andRural Affairs. In a situation of unprecedented gridlock in which the rulingparty has suspended the parliamentary audits, Lee is styling himself as the“detonator.”

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

1stviolation reported after antigraft law takes effect

The firstreported violation of the new antigraft law was recorded on Wednesday, thefirst day of its enforcement, as the anticorruption commission faced a seriesof inquiries regarding the specifics of the statutes.

A collegestudent reported to the commission’s Seoul office that a professor allegedlyreceived gifts for allowing a student to skip class after he had foundemployment…  .

U.S.to shutter North’s overseas banking

Washington isworking on measures to deny North Korea access to international bankinginfrastructure, said Daniel Russel…

Cost of livingdrives more people out of Seoul

More peopleare leaving Seoul due to high housing prices while the number of newborns islikely to reach an all-time low this year…

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

Why We Do Not Need to Establish “NationalFoundation Day”

They say the ruling party is trying to establish"National Foundation Day." They claim that the Republic of Korea wasfounded on August 15, 1948 and that they should newly establish NationalFoundation Day to commemorate this.

Ruling Party Takes to the Streets, NeglectingResponsibility in State Administration and Fueling Aversion to Politics

The Saenuri Party has opted to take to the streets inprotest as the ruling party. They have abandoned their responsibility in stateadministration as the ruling party and have chosen a politics of conflict andstrife clashing with the opposition parties as the "minority" aheadof next year's presidential election.

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.

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

Gov'tKicks off Restructuring Moves in Steel and Petrochemical

In a recentlyheld meeting of economic ministries, the government highlighted industrialsectors such as those producing thick steel plates, steel pipes, andterephthalic acid that urgently need capacity adjustment. Joo Hyung-hwan,Minister of Trade, Industry, and Energy, presided over the meeting o... 

Gov'tMulls Exercise of Emergency Mediation Right against Hyundai Motor Union

The governmentwill review a strong measure to forcibly stop the strike staged by the HyundaiMotor union by exercising the "emergency mediation right." Heads ofeight associations representing small- and medium-sized enterprises threatenedto undertake a boycott against Hyundai cars if the union me...

IsKorea-U.S. FTA a Disaster for the U.S. Economy?

The U.S.government released a report refuting the claim of Donald Trump, the Republicannominee for the President, who said the free trade agreement

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

"Areyou prepared to die? Elon Musk asks candidates for Mars expedition

"Are youprepared to die?." US space exploration company SpaceX CEO Elon Musk askedaudiences during a presentation which covered the vision of interplanetarytrips between Earth and Mars.

Insurercontrolled by China's Anbang in race to acquire Woori sake

A South Koreaninsurer controlled by China's Anbang Insurance Group has been included in ashortlist of candidates to acquire a stake in Woori Bank, a state-controlledlender bailed out with taxpayer's money during a financial crisis decades ago.

SouthKorea's first murder case using nicotine goes to court

Acontroversial murder case went to court Thursday after South Korean prosecutorsindicted a 47-year-old woman for killing her husband with a lethal dose ofnicotine, a highly unusual weapon that's difficult to detect in a dead body.

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

Korea’sactive ETF to debut in U.S. market for the first time

KoreaInvestment Management Co. will list its active exchange traded fund (ETF) inthe United States, becoming the first Korean active ETF listed on the U.S.exchange that will allow overseas investors to buy Korean growth stocks in amore affordable manner.

Foreigninvestors’ short selling only increases after disclosure system

The newdisclosure requirement on short-selling under effect since June 30 designed toenhance transparency in such trade and curb speculative selling by foreigninvestors have been doing the opposite. Foreign short-selling remains unfazedbecause of loopholes in the new regulation.

S.Korean gov’t mulls intervention in labor dispute at Hyundai Motor

The SouthKorean government is considering taking emergency arbitration measures to putan end to a strike staged by unionized workers at Hyundai Motor Co. that hasled to major setbacks in vehicle production.

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