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The Korean daily media headlines and humorOctober 10, 2016

The Korean daily media headlines and humor

Monday, October 10, 2016

Your Excellency:

Here areThe Korea Postnoticesandaroundup of important headlines from all major Korean-language dailies, TV and other news media of Korea today:

Very Respectfully Yours

/s/

Lee Kyung-sik

Publisher-Chairman

Korea Post Media

What’s ticking in Korea today?

Here is a quick roundup of important news stories from the major Korean news media today:

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

CSIS: N. Korea Likely Stage Provocation around American Elections

A United States think tank says that North Korea tends to stage provocation such as nuclear tests or missile firing around the time of American elections.

'Private US Delegation Visited N. Korea in September'

The New York Times reported that a civilian U.S. delegation commissioned by the Richardson Center for Global Engagement visited North Korea last month and held discussions in areas of mutual interest.

KERI: Renegotiation of KORUS FTA to Cause Loss of 240,000 Jobs

A domestic think tank says that if South Korea and the United States renegotiate their bilateral free trade agreement, it would cause the loss of 240,000 jobs and result in export losses worth 26-point-nine billion U.S. dollars for South Korea between 2017 and 2021.

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

Private U.S. delegation makes rare visit to N. Korea

NEW YORK, Oct. 9 (Yonhap) -- A private U.S. delegation made a rare visit to North Korea last month that included discussions about recovering the remains of American soldiers killed in the Korean War…

N. Korea could have up to 100 deliverable nuclear weapons in four years: U.S. think tank

WASHINGTON, Oct. 9 (Yonhap) -- North Korea could have up to 100 nuclear weapons in as early as four years that can be delivered on long-range, road-mobile and submarine-launched ballistic missiles, a…

Transport ministry files complaint against Hyundai Motor Co. over airbag defects

SEOUL, Oct. 9 (Yonhap) -- South Korea's transport ministry filed a complaint with the prosecution against the country's top automaker Hyundai Motor Co. last week for failing to take due steps regardin…

S. Korea calls in China's consul general over the sinking of Coast Guard boat

SEOUL/INCHEON, Oct. 9 (Yonhap) -- South Korea on Sunday called in China's consul general in Seoul to lodge a formal complaint over an illegal Chinese fishing boat that intentionally collided with and…

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The Korea Herald (http://www.koreaherald.com)

US’ UN envoy hints at expanding energy trade ban on NK

With new international sanctions in the making over North Korea’s fifth nuclear test, the upcoming resolution should be designed to block the regime from abusing exemptions such as on energy trade for livelihood purposes, said the US’ envoy to the UN Sunday.

Controversy boils over preemptive strike on NK

In the aftermath of North Korea’s fifth nuclear test, calls are rising around Washington for the need to prepare a preemptive strike on the communist state’s nuclear and missile facilities, prompting skeptics to question its viability and legitimacy.

More room’ to cut interest rate for S. Korea: minister

South Korea’s Finance Minister Yoo Il-ho said over the weekend there is “more room” to use monetary policy at the central bank and partly admitted that lower interest rates led to a rise in household debt.

Foreign firms grapple with anti-graft law

Multinational firms operating in Korea have been as puzzled as their local counterparts in preparing for what is considered to be one of the most stringent anti-graft laws in modern Korean history.

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The Korea Times (http://www.koreatimes.co.kr)

Lawmaker's ignorance stuns citizens

Citizens were amazed on Thursday when a video of ruling Saenuri Party lawmaker Lee Eun-jae criticizing Seoul superintendent Cho Hee-yeon for buying Microsoft Office from Microsoft Korea was made public.

Samsung, LG offer free repairs to typhoon victims

Samsung Electronics, LG Electronics and other companies are offering free product repairs to typhoon Chaba victims.

N. Korea resumes encrypted numbers broadcast after 2-week hiatus

North Korea's state radio station on Sunday resumed the broadcast of mysterious numbers after a two-week hiatus, with the content of the transmission different from what was sent in the past.

Chinese celebs promote 'K-beauty'

Internet celebrities in China, known as "Wang Hong" there, have been in the limelight among Korea's cosmetics and retail industry officials, amid a chilly relationship between the two countries. Bilateral relations have soured since Korea decided to deploy the Terminal High Altitude Area Defense (THAAD) missile system.

Rice grows in western Seoul

Seoul is one of the most modern cities, famous for skyscrapers, high-speed internet, and tech-savvy people. Not so famous, are the rice farmers, around 600 as of last year, according to data revealed by a city councilor, Sunday.

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DongAIlbo (http://english.donga.com)

Donald Trump campaign in crisis due to his lewd comments

With just one month to go before U.S. presidential election, Republican candidate Donald Trump (70, photo) is in big trouble to lose his chance after the embarrassing footage, in which conversation about female genitals, attempt on extramarital affair with a married woman were recorded, was leaked.

'Washington's preemptive attacks against the North could be considered'

A leading dove politician in the U.S., former Assistant Secretary of State for East Asian and Pacific Affairs Christopher Hill who argued "sanctions over dialogues with North Korea," said that while the matter still remains a very sensitive issue, he fully understands (why such comments are being expressed) on the recent calls from Washington D.C. for preemptive strikes against North Korea.

Iranian fans may be well-behaved at Tuesday's football match

Its location at the highlands of 2,000-meter altitude causes athletes to consume a lot of physical energy, while loud cheers coming from tens of thousands of Iranian fans make them feel threatened.

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ChosunIlbo (http://english.chosun.com)

Chinese Trawler Sinks Coast Guard Ship

A Coast Guard vessel sank after being rear-ended by a Chinese trawler that was fishing illegally in the West Sea on Friday. The Coast Guard failed to give chase and waited 30 hours before officially announcing the incident.

Millennials Shun Voice Calls in Favor of Texting

A growing number of young people are developing "call phobia" which makes them reluctant to make voice calls and rely only on text messages.

Wage Gap Opens Up in 'Safe' Professions

Some lawyers and accountants are struggling despite their traditionally "safe" profession, and the wage gap even within these occupations is widening.

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

[Correspondent’s column] Why anti-Korean sentiment still festers in Japan

Recent stories of discrimination show that Korean in Japan still face prejudice, despite their admiration for Japan

Blue House monitoring North Korea closely for provocation around anniversary on Oct. 10

The Blue House announced on Oct. 7 that it was “monitoring movements closely” in North Korea for a possible sixth nuclear test or long-range missile launch ahead of its Korean Workers’ Party anniversary on Oct. 10.Blue House spokesperson Jeong Yeong-guk’s reply came when asked in a meeting with reporters that morning about the possibility of “additional provocations” from Pyongyang.

High-ranking Blue House officials makes surprise visit to the US

A Blue House official made an undisclosed surprise visit to the US on Oct. 4-7, it was recently learned.The visit by Blue House National Security Office (NSO) first deputy director and National Security Council secretary general Cho Tae-yong came amid a failure to make headway on discussions between Washington and Beijing over an additional United Nations Security Council (UNSC) resolution sanctioning North Korea.

Before nuclear fifth test, North Korea and Japan may have had a secret meeting over abductions

The Japanese government appears to have had a secret meeting with North Korea just before the latter’s fifth nuclear test, a Japanese newspaper reported.Citing a source familiar with North Korea-Japan relations, the Asahi Shimbun newspaper reported on Oct. 7 that three officials,

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JoongAngIlbo(conservative) (http://koreajoongangdaily.joins.com/)

Power visits to discuss likely sanctions

U.S. Ambassador to the UN Samantha Power in her visit to South Korea confirmed that Washington is committed to using all and any measures feasible against North Korea’s nuclear advancement and provocations, a likely sign that stronger and additional sanctions from the international community may be levied upon the North for its fifth nuclear test last month.

Korea raises alert during North’s anniversary

South Korea was on increased military alert on Sunday as anticipation ran high about a possible North Korean launch of an intercontinental ballistic missile or another nuclear test to mark its important political anniversary.

Chinese boats hit, sink Coast Guard vessel

The Chinese Consul General was summoned on Sunday by the Korean government after Chinese fishing boats sank a Korea Coast Guard vessel on Friday southwest of Socheong Island, Incheon.

BOK and finance minster fail to see eye to eye

As the global economy is expected to remain weak for the remainder of this year and next, economic ministers of major economies including Korea have agreed to work together to boost global trade on the last day of the International Monetary Fund and World Bank meeting, held in Washington, D.C., on Saturday.

Housing prices skyrocket in southern Seoul

Median apartment prices in southern Seoul have surpassed 700 million won ($627,521) for the first time in almost a decade, largely due to the reconstruction boom.

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

[The Death of Baek Nam-gi] Far Right Group, "Report the Children of Baek Nam-gi for Murder," Baek's Family, "Walk the Way of Men"

A far-right organization decided to report the children of the late Baek Nam-gi for charges of murder. As hostility toward the bereaved family spreads, the Baek family has planned to take legal action.

President Park, "Some Labor Unions Oppose Labor Reforms to Secure Their Vested Interests"

On October 6, President Park Geun-hye said, "Some labor unions of large companies and those in the public and financial sectors continue to hold onto their vested interests, and labor reform bills, which aim to change the rigid labor market, are in a deep sleep unable to pass through the National Assembly.

[70th Anniversary of the Kyunghyang Shinmun] First Page: If We Can't Find a Way to Coexistence, We Will Face Co-Destruction, and We're Running out of Time

The South Korean society is lingering before the crossroads of "coexistence" and "co-destruction." The future of South Korea in ten, twenty years will depend on coexistence and co-prosperity, but today, we are faced with the question, "Do we have the ability to solve the problem?" The South Korean society as a whole is being put to the test.

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The Korea Economic Daily (http://english.hankyung.com/)

Military Mutual Aid Assoc. Sees Its Investment Loss Surpass 80 Bil. Won

The Military Mutual Aid Association took a huge loss with an investment of more than 1 trillion won. According to Rep. Kim Byung-ki (Minjoo Party), a member of Defense Committee in the National Assembly, on October 9, the total balance of investment the mutual aid association has made as of the end of May this year was 1,174.3 billion won. But the balance of its current market value is 1,091.8 billion won, down by 82.5 billion won (-7.0%).

Korea Hit with 179 Import Restriction Measures Since 1991...KITA

A study said Korean companies must be more proactive to the mounting wave of protectionism coming from the United States. The Korea International Trade Association said in its report "Spread of Protectionism and Response of Korean Corporations" published on October 9, "As American companies put pres...

Korea to Lose 240,000 Jobs If It Has to Renegotiate Korea-U.S. FTA Terms

A study said that as many as 240,000 domestic jobs would disappear if the Korean government renegotiates the Korea-U.S. free trade agreement as U.S. Republican Presidential candidate Donald Trump advocates. The Korea Economic Research Institute said on October 9 in its report "Renegotiating the Kore...

China Money Engulfs Japanese Electronics Industry

China's Lenovo Group is pushing to acquire Fujitsu's personal computer business. Chinese and Taiwanese giants are making a series of M&A attempts targeting Japanese electronics companies. According to a report by the Nikkei on October 6, Lenovo is now in talks with Fujitsu to set up a joint venture...

Samsung Electronics Posts 7.8 Tril. Won Operating Profit due to Good Results in Semicon Unit

Despite the setback caused by the Galaxy Note 7 recall fiasco, Samsung Electronics did quite well in the third quarter to earn operating profit of 7.8

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AJU Business Daily (http://eng.ajunews.com/korea)

Colorful Joseon Dynasty royal parade re-enacted in South Korea

A colorful royal parade was reenacted Saturday in South Korea, covering the length of an Olympic marathon and showing a variety of traditional folk art performances, a military counter-raid drill, and an iconic river-crossing event on a makeshift bridge made of wooden boats.

Hyundai Motor wrestles with multiple problems at home and abroad

South Korea's leading Hyundai Motor was struggling Monday with multiple problems at home and abroad that came on the heels of prolonged walkouts by unionized workers.

SK hynix's investment in China to exceed $10 bln: Yonhap

The cumulative investment by SK hynix Inc., a South Korean chipmaker, into its plant in China is expected to surpass 10 billion US dollars this year, an industry source said.

IOC official cites promotion as Pyeongchang's biggest challenge: Yonhap

A senior International Olympic Committee member said Friday the biggest challenge facing PyeongChang, host of the 2018 Winter Games, is promoting the event across the world.

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

Hyundai Motor to settle Sonata engine defect claims in the U.S.

South Korea’s Hyundai Motor Co. will compensate in full for repair charges of 885,000 Sonata sedans manufactured between 2011 and 2014 in the U. S.

FSC to probe into investors profited from Hanmi Pharm short-selling

South Korea’s financial authorities who are looking into Hanmi Pharmaceutical Co. on insider trading allegations will extend its probe to investors largely profited from short-selling.

NPS, TP to up investment in small- and mid-cap stocks

South Korea’s National Pension Service (NPS) and Teachers Pension (TP) are expected to increase their investment into small- and mid-cap stocks that have been stuck in a downward spiral since the country’s largest institutional investor shifted its focus to blue-chip stocks from smaller stocks earlier this year.

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