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The Korean daily media headlines and humorOctober 17, 2016

The Korean daily media headlines and humor

Monday, October 17, 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/)

"N. Korea's latest Launch of Musudan Missile Fails"

United States military authorities have assessed that North Korea’s latest launch of an intermediate-range ballistic missile ended in failure.

Aircraft Carrier USS Ronald Reagan Arrives in Busan

A U.S. nuclear-powered aircraft carrier has arrived in South Korea's port city of Busan after completing its mission at a joint annual naval exercise between Seoul and Washington.

Korean Food Event Captivates New Yorkers

An event was held in New York City to promote Korean cuisine.

Seoul's Ministry of Agriculture, Food and Rural Affairs and the Korean Food Foundation hosted the event on Friday at Pier 94 in Manhattan along the Hudson River.

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

(LEAD) Foreign holding in 30 firms exceed 315 tln won.

SEOUL, Oct. 16 (Yonhap) -- Shares held by foreign investors at South Korea's top30 listed firm have exceeded 315 trillion won (US$278 billion), data showed Sunday.

S. Korean head of new U.N. chief's transition team pledges best efforts

NEW YORK, Oct. 16 (Yonhap) -- U.N. Assistant Secretary-General for Humanitarian Affairs Kang Kyung-wha, who has been appointed to head the transition team of the incoming U.N. Secretary-General Antonio Guterres, said she will do her best to live up to his expectations.

U.S. law firm allowed to open branch in Seoul

SEOUL, Oct. 16 (Yonhap) -- A leading U.S. law firm has been allowed to offer legal consultancy services in South Korea, the Ministry of Justice said Sunday.

(LEAD) American left-hander shines on rainy day in postseason

SEOUL, Oct. 16 (Yonhap) -- This has been a memorable postseason for starting pitchers in the Korea Baseball Organization (KBO), and the LG Twins' left-hander David Huff offered the latest gem on Sunday against the Nexen Heroes.

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

Conflict over ex-minister's memoir escalates

South Korea’s former top diplomat’s memoir continued to deepen controversy Sunday over whether the main opposition party’s front-runner had consulted with North Korea before deciding to abstain from a vote to adopt a 2007 UN resolution condemning North Korea’s human rights situation.

[FEATURE] Cashing in on the Jejudo name

Samdasoo, a mineral water brand that hails from Jejudo, has been the undisputed No. 1 in Korea’s bottled water market for almost 20 years.

S. Korea, US confirm failed NK ballistic missile launch

South Korea and the US have assessed that North Korea attempted what ultimately was a failed launch of its intermediate-range Musudan missile Saturday, the allies’ joint military body said Sunday.

[From the scene] Hundreds take to streets against tougher punishment for abortion

Hundreds of people dressed in black marched across central Seoul on Saturday afternoon to oppose tougher punishments for illegal abortions proposed by the government nearly a month ago.

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

UN rights resolution may include N. Korea workers

South Korea, the United States and Japan will seek to address North Korea's exploitation of its workers abroad in a U.N. resolution on Pyongyang's human rights violations, diplomatic sources said Sunday.

N. Korea fails to launch Musudan missile

North Korea presumably fired a Musudan intermediate-range ballistic missile (IRBM) but the launch failed, the Joint Chief of Staff (JCS) said Sunday.

70% of textbooks in international schools still show East Sea as Sea of Japan

More than 70 percent of textbooks in Korea's international schools wrongly name the "East Sea" as the "Sea of Japan," research shows.

Laureate Dylan inspires anti-Cheong Wa Dae voices

Opposition party lawmakers have lamented the presidential office's alleged blacklist of 9,400 artists by comparing them to American Nobel laureate Bob Dylan.

Korea faces growing US protectionism

The United States has continued to include Korea on the "monitoring list" for foreign exchange rate policies, requesting that the country minimize its intervention in the foreign exchange market.

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

Ban Ki-moon defends leadership to counter Western media’s criticism

U.N. Secretary-General Ban Ki-moon used an old saying once again about a month ahead of his retirement as the U.N. chief.

There may not be records for 2007 meeting over U.N. resolution

Ruling Saenuri Party Chairman Lee Jung-hyun contended on Sunday that the presidential records should be looked over so as to confirm? the process the Roh Moo-hyun administration gave up a U.N. resolution about North's Korea's human rights situation, which was revealed in former Foreign Minister Song Min-soon's memoir.

60% of S. Koreans think support for the North is improper

Nearly half of South Koreans think that North Korea’s nuclear tests provide more threats against the U.S. than South Korea.

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

Chinese Investors Buy Up Real Estate in Seoul

Chinese property investors are turning their sights on Seoul after swarming the southern resort island of Jeju.

N.Korea Wises Up to Social Media

North Korean propaganda website Uriminzokkiri has started using the photo and video sharing site Tumblr even as Internet access remains blocked for nearly all North Koreans.

More Young Korean Men Learn to Cook

More and more young men are taking cooking classes as a hobby as traditional gender roles erode even in conservative Korea.

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

How South Korea must manage national security and freedom of conscience

This year, South Korea’s Constitutional Court is supposed to rule on the constitutionality of the Military Service Act, which requires the prosecution of conscientious objectors.

US film director encourages N. Korean students to follow their dreams

When a student from North Korea asked the film director how to make a good movie, his answer was that you need to find a good crew.

Stepped up dental insurance means more seniors get treatment

Mr. Lee, 72, lost one of his bottom right molars a few years ago. He didn’t experience any immediate problems eating, and he had heard dental implants were very expensive, so he simply got by without it.

Government begins cash payments to former comfort women

The Reconciliation and Healing Foundation for comfort women began the first main step toward cash payments chiefly to survivors who accepted the project’s proposal - but without receiving the consent of survivors as a whole.

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

South let North dictate UN vote: memoir

A former South Korean diplomat’s memoir in which South Korea is said to have abstained from a 2007 UN resolution on North Korean human rights violations after it had asked Pyongyang’s advice about it has sparked a political firestorm.

Deal reached at Hyundai Motor after five months

Ending a marathon five-month negotiation over raises, Hyundai Motor and its labor union came to an agreement Friday evening, with 63 percent of some 5,000 union members voting in favor of the tentative deal.

Musudan missile test fails, explodes on launch

North Korea test-fired an intermediate-range missile Saturday in its latest military provocation, but the missile exploded seconds after its launch, the South Korean military reported Sunday.

Consumption rises after cigarette tax, clouding the debate

Although the government raised cigarette prices from 2,500 won ($2.20) a pack to 4,500 won in January 2015 to reduce the number of smokers in the country, saying this would lower the smoking rate from 3 to 5 percent, tobacco consumption in Korea has in fact increased compared to the previous year.

U.S. treats Note7s like hazardous materials

Airline passengers who try to carry Samsung Electronics Galaxy Note7 smartphones on flights will have them confiscated and may face fines under an emergency U.S. order that significantly expands restrictions on devices linked to almost 100 incidents of overheating and fires.

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

[Editorial] Double Standards for Election Irregularities: Is It a Collaboration of Cheong Wa Dae and the Prosecutors' Office?

The investigation on irregularities committed during the 20th parliamentary elections has concluded. Election irregularities, which distort the decision of the voters, should be strictly punished regardless of the political party and status of the politician. And the same standards should apply to everyone.

Brakes on the Expedient Search of SNS Accounts for "Wiretapping"

On October 13, the Supreme Court judged that the investigation method of receiving the conversations of criminal suspects for the purpose of wiretapping KakaoTalk was illegal.

[Editorial] South Korea and China Need to Make a Calm Response to the Illegal Fishing Problem

The Chinese government's attitude on the sinking of a high-speed patrol boat of the South Korean Coast Guard, which occurred after a Chinese fishing boat intentionally crashed into the boat in the Yellow Sea on October 7, is very disappointing.

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

Top 10% Income Earners Take in 90% of Dividend Income...Parliamentary Inspection

A parliamentary study said top 10-percent income earners took in more than 90 percent of dividend income. According to Rep. Park Gwang-on (Minjoo Party), a member of the Strategy and Finance Committee of the National Assembly, October 16 based on data submitted by the National Tax Service, the total interest income earned for four years between 2011 and 2014 was 2,998.4 billion won.

No. of Chinese Protectionist Measures against Korean Exports Doubled Since 2008 Crisis...Study

Protectionist tendency is strengthening against Korea in China and the United States. This is more so in China especially since the 2008 global financial crisis.

[Market Insight] Korea Teachers' Credit Union to Invest $50 Mil. in U.S. Blind Fund

The Korea Teachers' Credit Union has decided to invest in a private equity fund run by an American asset management firm.

Value of the Korean Won Rises 4% in Second Half

The actual value of the Korean currency marked the highest growth among those of 27 major currencies in the second half of this year.

Samsung HI Close to Winning 1 Tril. Won Offshore Plant Order

Samsung Heavy Industries is putting forth its last spurt to achieve its annual order-receipt target by winning a series of new orders in recent months.

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

Samsung Electronics embarks on costly refund program

Samsung Electronics embarked on a costly refund program Thursday as a US hedge fund made a friendly gesture suggesting the world's largest smartphone maker could use its smartphone debacle for a chance to improve corporate governance.

US law firm Latham & Watkins allowed to open branch in South Korea

Latham & Watkins, a major US-based international law firm, has been allowed to open a branch in Seoul ahead of the full opening of South Korea's market for law-related consultancy services next year.

US condemns Pyongyang's failed ballistic missile test

North Korea has attempted to launch a Musudan intermediate-range ballistic missile (IRBM), but the launch ended in failure, the US Strategic Command said.

US Women's Open champ takes LPGA lead: Yonhap

Reigning US Women's Open champion Brittany Lang grabbed the halfway lead at the LPGA KEB Hana Bank Championship on Friday, with the top player on the Korean tour lurking.

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

LG Chem to produce extra 230,000 metric tons of ethylene by 2019

South Korea’s LG Chem Ltd. will expand its naphtha cracking centers (NCCs) to boost its ethylene output by 230,000 metric tons by 2019 and transform polystyrene (PS) production facilities to instead produce acrylonitrile butadiene styrene (ABS), the company said Sunday.

S. Korea mulls tighter regulation to curb housing demand

The South Korean government is mulling measures to curb housing demand in certain areas in the country that have seen a rise in housing prices and subscriptions.

Hyundai Motor to build knockdown assembly plant in the Philippines

South Korea’s largest automaker Hyundai Motor Co. will build its first assembly plant in the Philippines, accelerating its efforts to win hearts of consumers in Southeast Asia where its Japanese rivals have long maintained a strong foothold.

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