October 18, 2016
TheKorean daily media headlines and humor
Monday,October 18, 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/)
UNSC Condemns N.Korea for Failed Missile Test, Vows to Take More Measures
The United Nations Security Councilhas strongly denounced the latest missile provocation by North Korea, vowing totake additional "significant" measures against the regime.
Uganda Working toSever Military Ties with N. Korea
Uganda is said to have cut allpolice ties with North Korea and is now reviewing whether to suspend remainingmilitary contracts with the regime.
S. Koreans' Calorie Intakefrom Alcohol Highest among 24 Countries
A new study shows that SouthKoreans' calorie intake from alcohol is the highest among 24 countries aroundthe world.
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Yonhap (http://english.yonhapnews.co.kr)
UNSCcondemns Pyongyang's Musudan missile launch, warns of 'significant' measures
NEW YORK, Oct.17 (Yonhap) -- The United Nations Security Council (UNSC) strongly condemnedNorth Korea's recent intermediate-range missile launch Monday, warning it willcontinue to closely monitor the situation and take further"significant" measures.
Gov'tdesignates 6 more typhoon-stricken regions as special disaster zones
SEOUL, Oct. 17(Yonahp) -- The South Korean government on Monday designated six more regionsin the southern part of the country that were hit hard by the latest typhoon asspecial disaster areas.
S.Korea, U.S. to fund $6 mln on project to develop disaster-response robot tech
SEJONG, Oct.18 (Yonhap) -- South Korea and the United States will spend a combined US$6million on a joint research project to develop robotic technologies fordisaster response over the next three years, the trade ministry here saidTuesday.
N.Korea's missile tests shows why THAAD is necessary: White House
WASHINGTON,Oct. 17 (Yonhap) -- North Korea's latest missile test shows why the UnitedStates and South Korea are working together to deploy the THAAD missile defensesystem in the South, the White House said Monday.
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The KoreaHerald (http://www.koreaherald.com)
HanmiPharmaceutical raided over alleged info leak
South Koreanprosecutors raided the Hanmi Pharmaceutical headquarters in southern Seoul onMonday as part of a probe into suspicions the local drugmaker leakedinformation on a major deal termination to select investors in insider trading.
Blue Housedenies report on disputed official’s dismissal
Controversy ona corruption scandal-ridden top presidential aide resurfaced Monday, withCheong Wa Dae once again denying rumors on his imminent dismissal and gesturingat continuing their back-scratching relationship.
President ofEwha Womans University under pressure to resign
The presidentof Ewha Womans University came under growing pressure to step down Monday, overallegations the school offered preferential treatment to the daughter ofPresident Park Geun-hye’s close friend.
14th-centuryGoryeo Buddhist painting returns home
The rare 14thcentury Buddhist painting “Water-Moon Avalokiteshvara” has found its home atthe National Museum of Korea.
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The KoreaTimes (http://www.koreatimes.co.kr)
Memoirthrows political circle into turmoil
Former spy agency chief Kim Man-bok denied, Monday,allegations that he floated the idea of asking North Korea's opinion during aCabinet meeting in 2007 before South Korea abstained from voting on a U.N.resolution condemning Pyongyang's dire human rights situation.
'N.Korea missile test was to attack South'
North Koreamight have intended to practice striking targets in South Korea in its latestlaunch of what is presumed to be a Musudan intermediate-range ballistic missile(IRBM), experts said Monday.
92foreign firms to recruit 250 jobseekers
The KoreaTrade-Investment Promotion Agency (KOTRA) is holding a two-day job fair forjobseekers wanting to find positions at foreign companies operating here.
Americanfamily to receive award for cleaning wrecked beach
An Americanfamily who voluntarily cleaned Busan's Gwangalli Beach that was wrecked bydeadly typhoon "Chaba" this month will receive an award for theirservice to the community.
N.Korea boasts air-defense system
A video of aNorth Korean anti-air missile shooting down a mock U.S. fighter jet screened onthe hermit state's propaganda website on Sunday.
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DongAIlbo (http://english.donga.com)
Samsungstarts mass production of world's first 10 nano process
SamsungElectronics has become the first in the global systems chip industry to begin amass production of 10 nanometer process. The product where 10 nano process isapplied is expected to be embedded on Samsung's next flagship smartphone GalaxyS8.
BrucknerSymphony No. 7 has no cymbal clash?
I onceintroduced the hardship of percussion instrument players and wrote thatBruckner used the cymbal clash at the climax of the second movement of SymphonyNo. 7. Technically speaking, that is not true as there is no cymbal clash in“certain” performances.
Japanesepitcher Otani throws 165-kph fastball
Nippon HamFighters' pitching monster Shohei Otani's record-braking 165 kph pitchmesmerized Japan. Otani has shown outstanding pitching and hitting performanceduring this regular season. He was listed at the third designated hitter of theGame 5 Climax Series Final Stage against the Fukuoka SoftBank Hawks, which washeld at Sapporo Dome, Japan on Sunday.
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ChosunIlbo (http://english.chosun.com)
Seoul, Washington to Push on N.Korean SlaveLabor at UN
The U.S. and South Korea are pushing to include the issueof North Korean slave laborers abroad in a human rights resolution for the UNGeneral Assembly in December.
U.S. Keeps Korea on Currency ManipulationWatchlist
The U.S. Treasury Department on Saturday kept Korea on awatchlist of trading partners prone to currency manipulation.
Middle Schoolers Grow Taller
The average height of a ninth-grade boy in Seoul hassurpassed 170 cm for the first time, though Koreans as an ethnic group seem tohave hit the ceiling of their growth potential.
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HanKyoRehShinmoon (http://english.hani.co.kr)
Seekingdecriminalization of abortion, women cry out “Hands off my uterus!”
The area infront of the Bosingak belfry in Seoul’s Jongno district was crowded withhundreds of people dressed in black at 2 pm on Oct. 15.
[Interview]Inter-Korean relations from 10 years ago become a political controversy
Former SouthKorean Foreign Minister Song Min-soon has spoken up about a controversy that israging between ruling and opposition politicians over an incident from 10 yearsago that he described in his memoirs.
SouthKorea’s current situation: low economic growth without happiness
With SouthKorea’s single-minded focus on economic growth over the past decades, interestin the ultimate goals of social and economic policy has faded.
Hillary’scampaign team signals hardline stance on North Korea
HillaryClinton’s campaign team has been making a number of hawkish comments on theNorth Korean issue and other aspects of American policy toward North Korea.
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JoongAngIlbo(conservative) (http://koreajoongangdaily.joins.com/)
Iwas sidelined on summit: Song
The ForeignAffairs Ministry was frozen out of the Roh Moo-hyun government’s negotiationsto hold a second summit with North Korea in 2007 because the government thoughtforeign ministry officials would insist on close coordination with Washington,a former top diplomat said in a controversial memoir.
Goryeomasterpiece is donated to museum
One of themost important paintings in Korean art history has been added to the collectionof the National Museum of Korea.
Teslarents second space to go Gangnam style
Tesla Motorsis preparing to open a second showroom in Korea in Gangnam, southern Seoul. Itsfirst will open in the Starfield Hanam shopping mall in Gyeonggi in less thantwo months.
Applepushes for LED screens for its iPhone
Pick up a high-endsmartphone these days and chances are it will have a crisp, energy-sippingorganic LED display - unless it’s an iPhone.
Lottejumps into Shanghai retail
LotteDepartment Store has signed on to a joint venture with Citic Group, astate-owned Chinese company, to operate a shopping mall in Shanghai and tobuild three more in the region between 2017 and 2019, the Korean companyannounced Monday.
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TheKyungHyangShinmoon(http://english.khan.co.kr/)
[Controversyover Song Min-soon's Memoir] Cornered Pro-Parks Attack Ideology, As If They HadWaited for a Second “NLL Scandal”
The SaenuriParty is making a political issue out of the memoirs of Song Min-soon (68),former minister of foreign affairs and trade. The memoir describes the processof how the Roh Moo-hyun government abstained from a UN resolution on NorthKorean human rights in 2007.
[NoWay out for the Korean Economy] Government "Missing" Amidst Economic"Crisis"
On October 14,a parliamentary inspection of the Ministry of Strategy and Finance took placeat the National Assembly.
[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.
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The KoreaEconomic Daily (http://english.hankyung.com/)
2.7%Growth This Year Not Attainable...Survey
A survey oneconomists revealed as much as 75 percent of respondents said it will be hardfor the Korean economy to achieve a growth rate over the 2.5-percent level thisyear.
CollectiveLoan Rates Soar to More Than 4%
Constructioncompanies are pressed hard to find lenders for collective loans for their newapartment buyers.
[MarketInsight] Hanwha Life Acquires 4.1% of Lending Club Stake
It wasreported that Hanwha Life has recently took a 4-percent equity stake in LendingClub, a U.S. peer-to-peer lending company.
LGChem to Expand NCC in Daesan
LG Chem plansto reorganize the structure of its petrochemical business toward a premiumproduct-centered one.
DasanNetworks to Move into Central African Republic Electricity Market
Dasan Networkswill push forward with a plan to take part in an emergency power plant buildingproject in the Central African Republic.
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AJU BusinessDaily (http://eng.ajunews.com/korea)
Prosecutorsraid drug maker Hanmi's office over short-selling scandal
Prosecutorsraided the head office of Hanmi Pharmaceutical Co. Monday over allegations thatthe drug maker leaked information on its broken licensing deal with Germanpartner Boehringer Ingelheim, triggering massive short-selling.
Court'sannouncement to sell STX shipyard may come this week: Yonhap
A South Koreancourt may announce a sale plan for the embattled STX Offshore &Shipbuilding Co. without waiting for the company's rehabilitation plan, anindustry source said.
SouthKorea's rooftop garden recognized by Guinness as world's largest
A stonemonument was unveiled Monday on the roof of a South Korean government complexto celebrate the entry of its garden into the Guinness Book of World Records.
I.O.Ireportedly to hold independent concert in 2017
South Korea's 11-member girl groupI.O.I plans to hold an independent concert in 2017, online music outletsreported, adding group members are in talks to fix their concert schedule.
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Maeil BusinessNews Korea (http://www.pulsenews.co.kr/)
Samsung Elecbegins mass-producing logic chips on 10nm process
Theworld’s largest chipmaker Samsung Electronics Co. announced that it wasmass-producing microprocessors through 10-nanometer process for the first timein the industry.
Jobless amongKoreans with tertiary education hit 44.5%
Theunemployment rate for people with a third level education in South Korea hashit over 30 percent, which means one out of three people with four-yeardiplomas are currently out of work.
HyundaiCapital obtains ECB nod to set up Hyundai Capital Bank Europe
HyundaiCapital Services Inc., the largest auto financing company in South Korea, gotthe final nod from the European Central Bank (ECB) to set up Hyundai CapitalBank Europe, becoming the first non-European country’s financial company to winECB approval for bank license since the global financial crisis in 2008.