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The Korean daily media headlines and humorOctober 19, 2016

The Korean daily media headlines and humor

Wednesday, October 19, 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/)

Park Promises Continued Assistance for Saemaul Campaign Overseas

Anchor: President Park Geun-hye participated in a rural developmental Saemaul Forum in South Korea attended by some 700 people from about 50 developing countries. In a speech, Park promised to assist countries seeking to imitate South Korea's Saemaul Movement, which her father launched in the 1970s.

High Court Issues Not Guilty Verdict for Conscientious Objector

An appellate court in Gyeongju City, South Jeolla Province, has ruled in favor of a young man who refused to fulfill his mandatory military service on religious grounds.

'N. Korean Diplomat May Hold Informal Talks with US Figures'

Japan's Kyodo news agency says one of North Korea's key diplomats has been spotted at Beijing's international airport-- prompting speculation some informal US-North Korea diplomacy may be about to take place.

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

South Korean theaters reinterpret Shakespearean plays to mark 400th anniversary

SEOUL, Oct. 18 (Yonhap) -- South Korean theaters have launched a series of reinterpreted Shakespearean plays for the fall-winter season of 2016 to mark the 400th anniversary of the death of the globally revered British poet and playwright.

Mercedes Benz to recall over 1,100 cars sold in S. Korea

SEOUL, Oct. 19 (Yonhap) -- Mercedes-Benz Korea, the local importer and distributor of the German automaker, will recall over 1,100 cars sold in South Korea for transmission-related problems, while global automaker Volvo will recall over 800 cars for waste water from air conditioners causing possible short circuits in electric units, the transportation ministry said Wednesday.

Carter: U.S. putting best military assets in Asia-Pacific under 'rebalance' policy

WASHINGTON, Oct. 18 (Yonhap) -- The United States is deploying the best military personnel and assets in the Asia-Pacific region under President Barack Obama's "rebalance to Asia" policy, Defense Secretary Ash Carter said Tuesday.

Amb. Joseph Yun takes office as new U.S. pointman on N. Korea

WASHINGTON, Oct. 18 (Yonhap) -- Former U.S. Ambassador to Malaysia Joseph Yun has taken office as Washington's new pointman on North Korea, the State Department said.

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

Missile defense schedule moved up due to NK threats

The South Korean government and the ruling party agreed to speed up the completion of its three-legged defense system from the initially planned mid-2020s to early-2020s, in light of the ever-evolving threats from North Korea.

Hyundai Motor closes in on 10m unit sales in China

Hyundai Motor Group Chairman Chung Mong-koo said Tuesday that he would seek a fresh start in China, the world’s largest and fast-growing car market, moving away from market concerns over the fate of South Korea’s largest carmaker.

Policymakers clash on how to boost economy

South Korea’s top financial and monetary policymakers have recently given the impression of pushing each other to assume a more active role in propping up the fourth-largest economy in Asia.

[Newsmaker] Fears rise of more Hanjin vessel seizures

Concerns are growing over additional seizures of Hanjin Shipping vessels that could lead to costly delays in unloading operations after a local court greenlighted the arrest of a vessel despite the troubled firm’s bankruptcy protection.

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

Korean Winter Olympics video gets icy reception

A promotional video for the 2018 Winter Olympics in Korea has been branded "poor" and "embarrassing."

The video, "ARARI, YO," has been in hot water with many Koreans who say its quality is "so tacky that it does not live up to the name value of the global event."

Trendy Koreans name Seoul's Times Square as top mall

Korea's trendsetting 20-somethings have chosen Times Square Shopping Complex near Yeongdeungpo Station in Seoul as the most popular multiplex mall.

Juvenile crime becoming more violent

Juvenile crime is getting more violent and crude, shocking the public and even police.

In one case, a teenager, 19, murdered his mother and aunt in August. The teenager, who had been unemployed since graduating high school, was on drugs at the time.

Thief's past catches up with him at prison gate

A thief who finished a one-year prison term has been arrested in front of the jail for an alleged 2011 crime.

Police said Tuesday they booked the man, surnamed Park, without detention for an alleged burglary in Busan on July 18, 2011.

Space squeeze: Job-seeking groups forced to use motels, bars

More Korean job seekers are flocking to bars and even motels to study in groups to prepare for employment.

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

New technology enables 1GB movie downloaded in 3 seconds

A technology that allows large gigabyte data to be easily transmitted within a distance of 10 centimeters has been developed. This means that 1GB movie can be transmitted in just three seconds by connecting a laptop and smartphone via cable.

Ms. Trump says her husband was egged on

After Republican presidential nominee Donald Trump’s recorded conversation about sexually aggressive remarks went to public, Melania Trump issued a statement on October 7, saying it was not acceptable. Ms. Trump, who had been off-stage over the last 10 days, came forward to defend her husband.

Kim Hoon’s novel transforms into a Korean traditional play

The Song of Strings,” a musical drama based on the namesake novel, will be debuted at the National Gukak Center in Seoul from Nov. 10 through Nov. 20.

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

Half of Seoul Cab Drivers Are Past Retirement

The advanced age of taxi drivers in Seoul has recently become a hot issue after a number of them breathed their last behind the wheel.

White House Defends THAAD Deployment in S.Korea

The White House on Monday defended the decision to station a U.S. Terminal High-Altitude Area Defense battery in South Korea, citing North Korea's latest launch of medium-range ballistic missile and its threat to conduct another nuclear test.

Number of Part-Time Workers Rises to 5-Year High

The number of part-time workers who work less than 17 hours a week has reached the highest level in five years.

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

[News analysis] Fallout from Baek Nam-ki’s death feeding spike in national mistrust

Police are still trying to evade responsibility for death, and right-wing politicians and commentators antagonize bereaved families

S. Korea’s “black protest” movement gaining momentum for abortion rights

South Korea’s version of the “black protest” for womens right to choose is spreading. Now the abortion debate ignited by the government’s planned move to step up penalties for so-called “immoral treatment acts” is turning into an issue over the procedure’s decriminalization and women’s right to self-determination.

South Korea’s current situation: low economic growth without happiness

With South Korea’s single-minded focus on economic growth over the past decades, interest in the ultimate goals of social and economic policy has faded.

[Reporter’s notebook] Next for Samsung: determining cause of Galaxy Note 7 crisis

Samsung Electronics has begun reanalyzing the cause of mysterious fires involving its Galaxy Note 7 smartphone, news outlets reported on Oct. 17. In addition to its own workforce, the company now appears to be enlisting the assistance of universities and specialized businesses in South Korea and overseas.

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

Tightening of mortgage criteria sows confusion

Yim Jong-yong, Financial Services Commission (FSC) chairman, said the government will continue to provide so-called Bogeumjari loans even if the criteria are tightened.

UN denounces North’s recent failed missile test

The UN Security Council in a statement Monday condemned North Korea’s failed intermediate-range ballistic missile test on Saturday, the latest provocation by the regime, which violates UN resolutions and its international obligations.

Roh’s inner circle denying claims in memoir

A former unification minister denied Tuesday that Seoul had asked Pyongyang how to vote on a 2007 UN resolution on human rights in North Korea.

Half of Chinese tourists shop at Lotte Duty Free

Half of Chinese tourists who visited Korea during their National Day vacation earlier this month shopped at Lotte Duty Free, according to figures released by the company on Tuesday.

Shipbuilders’ stock value sails

Although Korea’s embattled shipbuilding industry is undergoing restructuring, the stock value of Hyundai Heavy Industries (HHI) and its affiliate Hyundai Mipo Dockyard have risen since the beginning of the year..

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

[Bak Yong-chae's Column] Samsung Patriotism

The alarm should have gone off louder back then. The decision to merge Samsung C&T and Cheil Industries was announced on May 26, 2015. Samsung used abstract vocabulary such as the sharing of a global network to explain why they had to carry out the merger, but it was an action that could not be explained without mentioning Jay Y. Lee's succession. He owned 0.57% of Samsung Electronics shares, a key unit in the group. Although he owned 23.2% of Cheil Industries shares, that was not enough to dominate the entire group.

[Editorial] Cheong Wa Dae Silent on Choi Soon-sil Triggers Sparks on Political Ideology

Cheong Wa Dae made a statement on the memoir of Song Min-soon, minister of foreign affairs and trade at the time of the Roh Moo-hyun government, in which Song mentioned that he asked North Korea's opinion before abstaining from the vote on a UN resolution on North Korean human rights in 2007. "If it is true, it is a serious and shocking event." This is the answer that Cheong Wa Dae spokesperson Jeong Yeon-guk gave when reporters asked Cheong Wa Dae's position on the heated debate over the memoir between the ruling and opposition parties..

[Controversy over Song Min-soon's Memoir] Cornered Pro-Parks Attack Ideology, As If They Had Waited for a Second “NLL Scandal”

The Saenuri Party 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 process of how the Roh Moo-hyun government abstained from a UN resolution on North Korean human rights in 2007.

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

Samsung to Double Smartphone Production in India

Samsung Electronics plans to invest 19.7 billion rupees (about 340 billion won) to expand its smartphone and home electronics plant at Noida in the Uttar Pradesh state in northern India. This expansion would double the plant’s annual smartphone production capacity from the current 60 million units to 120 million units.

Government's SME Support Policy to Go through Overhaul

The government will review the current practice of supporting small- and medium-sized firms. That's based on the judgment that the situation of small businesses has not improved at all even though the government poured about 15 trillion won of budget a year.

Cumulative Sales of "Remsima" for Celltrion Exceed 1 Tril. Won

The cumulative overseas sales volume for Remsima, the biosimilar drug for rheumatoid arthritis and other autoimmune diseases developed by Celltrion, has surpassed the 1-trillion-won level. This is the first instance in which a single drug item exported by a Korean drug company logged in more than 1 trillion won (US$888 million) in sales.

(Global HR Forum 2016)-"Talented Young Individuals Need a Place Where Their Abilities Will be Recognized and Up-graded"

In commemoration of Global HR Forum 2016, to be held in Seoul between November 1-3, 2016, The Korea Economic Daily had e-mail interviews with several distinguished guests on various subjects. The followings are e-mail interview with Nathalie Loiseau Director, ?cole Nationale d'Administration.

Collective Loan Rates Soar to More Than 4%

Construction companies are pressed hard to find lenders for collective loans for their new apartment buyers. As commercial banks are reluctant to provide loans for intermediate payments for apartment buyers, apartment builders get their loans from multiple second-tier lenders in smaller sums.

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

BTS 'Wings' sets new Billboard record as K-pop album

Bangtan Boys, also known as BTS, has set a record in South Korea's music history with its new album "Wings" standing at No. 26 on the Billboard 200 chart.

Pyongyang's Musudan missile could be operational next year: US expert

North Korea's road-mobile intermediate ballistic missile could be operational faster than expected and probably next year, a US expert said after analyzing last week's failed launch.

Hyundai Merchant interested in acquiring Hanjin's assets

South Korea's second largest container carrier Hyundai Merchant Marine is interested in acquiring some assets of its domestic rival Hanjin Shipping which has been put under court receivership to avoid bankruptcy, industry sources said Tuesday.

Apple hires AI expert to challenge Samsung

Apple has hired Russ Salakhutdinov, a famous artificial intelligence expert, to lead its research in an apparent counterpunch to rival Samsung's acquisition of Viv, an AI technology developer.

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

Samsung Elec begins mass-producing logic chips on 10nm process

The world’s largest chipmaker Samsung Electronics Co. announced that it was mass-producing microprocessors through 10-nanometer process for the first time in the industry.

Jobless among Koreans with tertiary education hit 44.5%

The unemployment rate for people with a third level education in South Korea has hit over 30 percent, which means one out of three people with four-year diplomas are currently out of work.

Hyundai Capital obtains ECB nod to set up Hyundai Capital Bank Europe

Hyundai Capital Services Inc., the largest auto financing company in South Korea, got the final nod from the European Central Bank (ECB) to set up Hyundai Capital Bank Europe, becoming the first non-European country’s financial company to win ECB approval for bank license since the global financial crisis in 2008.

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