October 17, 2016
TheKorean daily media headlines and humor
Monday,October 17, 2016
Your Excellency:
Here areThe KoreaPostnoticesandaroundup of important headlines from all majorKorean-language dailies, TV and other news media of Korea today:
Very Respectfully Yours
/s/
Lee Kyung-sik
Publisher-Chairman
Korea Post Media
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/)
"N. Korea'slatest Launch of Musudan Missile Fails"
United States military authoritieshave assessed that North Korea’s latest launch of an intermediate-range ballisticmissile ended in failure.
Aircraft Carrier USSRonald Reagan Arrives in Busan
A U.S. nuclear-powered aircraftcarrier has arrived in South Korea's port city of Busan after completing itsmission at a joint annual naval exercise between Seoul and Washington.
Korean Food EventCaptivates New Yorkers
An event was held in New York Cityto promote Korean cuisine.
Seoul's Ministry of Agriculture,Food and Rural Affairs and the Korean Food Foundation hosted the event onFriday 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 firmhave 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 KangKyung-wha, who has been appointed to head the transition team of the incomingU.N. Secretary-General Antonio Guterres, said she will do her best to live upto 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 consultancyservices 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 theKorea Baseball Organization (KBO), and the LG Twins' left-hander David Huffoffered the latest gem on Sunday against the Nexen Heroes.
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The KoreaHerald (http://www.koreaherald.com)
Conflict overex-minister's memoir escalates
South Korea’sformer top diplomat’s memoir continued to deepen controversy Sunday overwhether the main opposition party’s front-runner had consulted with North Koreabefore deciding to abstain from a vote to adopt a 2007 UN resolution condemningNorth Korea’s human rights situation.
[FEATURE]Cashing in on the Jejudo name
Samdasoo, amineral water brand that hails from Jejudo, has been the undisputed No. 1 inKorea’s bottled water market for almost 20 years.
S. Korea, USconfirm failed NK ballistic missile launch
South Koreaand the US have assessed that North Korea attempted what ultimately was afailed launch of its intermediate-range Musudan missile Saturday, the allies’joint military body said Sunday.
[From thescene] Hundreds take to streets against tougher punishment for abortion
Hundreds ofpeople dressed in black marched across central Seoul on Saturday afternoon tooppose tougher punishments for illegal abortions proposed by the governmentnearly a month ago.
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The KoreaTimes (http://www.koreatimes.co.kr)
UNrights resolution may include N. Korea workers
South Korea, the United States and Japan will seek toaddress North Korea's exploitation of its workers abroad in a U.N. resolutionon Pyongyang's human rights violations, diplomatic sources said Sunday.
N.Korea fails to launch Musudan missile
North Koreapresumably fired a Musudan intermediate-range ballistic missile (IRBM) but thelaunch 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 70percent of textbooks in Korea's international schools wrongly name the"East Sea" as the "Sea of Japan," research shows.
LaureateDylan inspires anti-Cheong Wa Dae voices
Oppositionparty lawmakers have lamented the presidential office's alleged blacklist of9,400 artists by comparing them to American Nobel laureate Bob Dylan.
Koreafaces growing US protectionism
The UnitedStates has continued to include Korea on the "monitoring list" forforeign exchange rate policies, requesting that the country minimize itsintervention in the foreign exchange market.
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DongAIlbo (http://english.donga.com)
BanKi-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 aheadof his retirement as the U.N. chief.
Theremay not be records for 2007 meeting over U.N. resolution
Ruling SaenuriParty Chairman Lee Jung-hyun contended on Sunday that the presidential recordsshould be looked over so as to confirm? the processthe Roh Moo-hyun administration gave up a U.N. resolution about North's Korea'shuman rights situation, which was revealed in former Foreign Minister SongMin-soon's memoir.
60%of S. Koreans think support for the North is improper
Nearly half ofSouth Koreans think that North Korea’s nuclear tests provide more threatsagainst 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 onSeoul after swarming the southern resort island of Jeju.
N.Korea Wises Up to Social Media
North Korean propaganda website Uriminzokkiri has startedusing the photo and video sharing site Tumblr even as Internet access remainsblocked for nearly all North Koreans.
More Young Korean Men Learn to Cook
More and more young men are taking cooking classes as ahobby as traditional gender roles erode even in conservative Korea.
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HanKyoRehShinmoon (http://english.hani.co.kr)
HowSouth Korea must manage national security and freedom of conscience
This year,South Korea’s Constitutional Court is supposed to rule on the constitutionalityof the Military Service Act, which requires the prosecution of conscientiousobjectors.
USfilm director encourages N. Korean students to follow their dreams
When a studentfrom North Korea asked the film director how to make a good movie, his answerwas that you need to find a good crew.
Steppedup 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 anyimmediate problems eating, and he had heard dental implants were veryexpensive, so he simply got by without it.
Governmentbegins cash payments to former comfort women
TheReconciliation and Healing Foundation for comfort women began the first mainstep toward cash payments chiefly to survivors who accepted the project’sproposal - but without receiving the consent of survivors as a whole.
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JoongAngIlbo(conservative) (http://koreajoongangdaily.joins.com/)
Southlet North dictate UN vote: memoir
A former SouthKorean diplomat’s memoir in which South Korea is said to have abstained from a2007 UN resolution on North Korean human rights violations after it had askedPyongyang’s advice about it has sparked a political firestorm.
Dealreached at Hyundai Motor after five months
Ending amarathon five-month negotiation over raises, Hyundai Motor and its labor unioncame to an agreement Friday evening, with 63 percent of some 5,000 unionmembers voting in favor of the tentative deal.
Musudanmissile test fails, explodes on launch
North Koreatest-fired an intermediate-range missile Saturday in its latest militaryprovocation, but the missile exploded seconds after its launch, the SouthKorean military reported Sunday.
Consumptionrises after cigarette tax, clouding the debate
Although thegovernment raised cigarette prices from 2,500 won ($2.20) a pack to 4,500 wonin January 2015 to reduce the number of smokers in the country, saying thiswould lower the smoking rate from 3 to 5 percent, tobacco consumption in Koreahas in fact increased compared to the previous year.
U.S.treats Note7s like hazardous materials
Airlinepassengers who try to carry Samsung Electronics Galaxy Note7 smartphones onflights will have them confiscated and may face fines under an emergency U.S.order that significantly expands restrictions on devices linked to almost 100incidents 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 CheongWa Dae and the Prosecutors' Office?
Theinvestigation on irregularities committed during the 20th parliamentaryelections has concluded. Election irregularities, which distort the decision ofthe voters, should be strictly punished regardless of the political party andstatus of the politician. And the same standards should apply to everyone.
Brakeson the Expedient Search of SNS Accounts for "Wiretapping"
On October 13,the Supreme Court judged that the investigation method of receiving theconversations of criminal suspects for the purpose of wiretapping KakaoTalk wasillegal.
[Editorial]South Korea and China Need to Make a Calm Response to the Illegal FishingProblem
The Chinesegovernment's attitude on the sinking of a high-speed patrol boat of the SouthKorean Coast Guard, which occurred after a Chinese fishing boat intentionallycrashed into the boat in the Yellow Sea on October 7, is very disappointing.
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The KoreaEconomic Daily (http://english.hankyung.com/)
Top10% Income Earners Take in 90% of Dividend Income...Parliamentary Inspection
Aparliamentary study said top 10-percent income earners took in more than 90percent of dividend income. According to Rep. Park Gwang-on (Minjoo Party), amember of the Strategy and Finance Committee of the National Assembly, October16 based on data submitted by the National Tax Service, the total interestincome earned for four years between 2011 and 2014 was 2,998.4 billion won.
No.of Chinese Protectionist Measures against Korean Exports Doubled Since 2008Crisis...Study
Protectionisttendency is strengthening against Korea in China and the United States. This ismore so in China especially since the 2008 global financial crisis.
[MarketInsight] Korea Teachers' Credit Union to Invest $50 Mil. in U.S. Blind Fund
The KoreaTeachers' Credit Union has decided to invest in a private equity fund run by anAmerican asset management firm.
Valueof the Korean Won Rises 4% in Second Half
The actualvalue of the Korean currency marked the highest growth among those of 27 majorcurrencies in the second half of this year.
SamsungHI Close to Winning 1 Tril. Won Offshore Plant Order
Samsung HeavyIndustries is putting forth its last spurt to achieve its annual order-receipttarget by winning a series of new orders in recent months.
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AJU BusinessDaily (http://eng.ajunews.com/korea)
SamsungElectronics embarks on costly refund program
SamsungElectronics embarked on a costly refund program Thursday as a US hedge fundmade a friendly gesture suggesting the world's largest smartphone maker could useits smartphone debacle for a chance to improve corporate governance.
USlaw firm Latham & Watkins allowed to open branch in South Korea
Latham &Watkins, a major US-based international law firm, has been allowed to open abranch in Seoul ahead of the full opening of South Korea's market forlaw-related consultancy services next year.
UScondemns Pyongyang's failed ballistic missile test
North Koreahas attempted to launch a Musudan intermediate-range ballistic missile (IRBM),but the launch ended in failure, the US Strategic Command said.
USWomen's Open champ takes LPGA lead: Yonhap
Reigning USWomen's Open champion Brittany Lang grabbed the halfway lead at the LPGA KEBHana Bank Championship on Friday, with the top player on the Korean tourlurking.
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Maeil BusinessNews Korea (http://www.pulsenews.co.kr/)
LG Chem toproduce extra 230,000 metric tons of ethylene by 2019
SouthKorea’s LG Chem Ltd. will expand its naphtha cracking centers (NCCs) to boostits 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 mullstighter regulation to curb housing demand
TheSouth Korean government is mulling measures to curb housing demand in certainareas in the country that have seen a rise in housing prices and subscriptions.
Hyundai Motorto build knockdown assembly plant in the Philippines
SouthKorea’s largest automaker Hyundai Motor Co. will build its first assembly plantin the Philippines, accelerating its efforts to win hearts of consumers inSoutheast Asia where its Japanese rivals have long maintained a strongfoothold.