The Korean daily media headlines and humor
Tuesday April 18, 2017
Here are The Korea Post notices and a roundup of important headlines from all major Korean-language dailies, TV and other news media of Korea today:
Very Respectfully Yours
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:
Hwang, Pence Reaffirm Alliance to Punish N. Korean Provocations
Following their meeting at the prime minister’s residence in Seoul on Monday, the two sides held a joint news conference, vowing that the allies will meet any use of conventional or nuclear weapons with an overwhelming and effective response.
China Calls for Avoiding 'Acts that Add Fuel to Fire'
In response to North Korea’s recent failed missile launch, China has repeated its warning that relevant parties should refrain from any acts that add fuel to the fire. Foreign Ministry spokesman Lu Kang said during a regular news briefing on Monday that the present state of affairs on the Korean Peninsula is highly complex, sensitive and dangerous. He said Beijing has consistently urged relevant parties to avoid provocative acts and instead work to ease tensions in the region.
Ex-Pres. Park Indicted on Charges of Bribery, Power Abuse
Prosecutors on Monday indicted former President Park Geun-hye on charges of bribery and abuse of power. While wrapping up its six month probe into the massive influence-peddling scandal, prosecutors accused Park of pressuring conglomerates to pay funds to the Mir and K-Sports foundations run by her 40-year confidante Choi Soon-sil. Park is also charged with third-person bribery for arranging a total of 59-point-two billion won in donations from businesses to third parties-related to Choi.
S. Korea to Increase Women's Presence in Senior Positions
South Korea will increase the ratio of female civil servants in senior positions to 15 percent this year. The Ministry of Gender Equality and Family announced on Monday that it will report the plan to the Cabinet on Tuesday. With the move, the ratio of female civil servants in top posts above grade four will increase by one-and-a-half percent to 15 percent, while the ratio of women in various government committees will increase to 40 percent.
Pence warns against N. Korea testing Trump's resolve
U.S. Vice President Mike Pence on Monday warned North Korea against testing America's mettle with its saber-rattling, saying Washington will defeat any use of military force with an "overwhelming and effective" response. During a press conference with South Korea's Acting President and Prime Minister Hwang Kyo-ahn, Pence also reassured South Korea that Washington's security commitment to its Asian ally is "ironclad and immutable."
Daewoo shipyard's bondholder accepts debt rescheduling proposal
Major bondholders of embattled Daewoo Shipbuilding & Marine Engineering Co. on Monday agreed to the debt rescheduling measures proposed by the state-run Korea Development Bank (KDB)-led creditors, paving the way for the troubled shipyard's other bondholders to support the plan. After a weeks-long tussle over the debt rescheduling proposal, the National Pension Service (NPS) said earlier in the day that it has accepted the plan to keep the troubled shipbuilder afloat.
Men's nat'l hockey team departs for site of world championship
The South Korean men's hockey team on Tuesday departed for Ukraine, the site of the upcoming world championship, with an eye on a promotion to the sport's highest division next year. Coached by former National Hockey League (NHL) defenseman Jim Paek, South Korea will compete in the April 22-28 International Ice Hockey Federation (IIHF) World Championship Division I Group A, which is the second-highest level of men's international hockey. All games will be held in Kiev.
Corporate debt sales dip 25.4 pct in March over uncertainty
Debt sales by South Korean companies dipped 25.4 percent on-month in March, as economic uncertainties limited corporate borrowing, data showed Tuesday. Although South Korea's exports have been showing signs of a moderate recovery, the nation's economy is confronting the prospects of protectionism by the Donald Trump administration and China's apparent economic retaliation over the deployment of an advanced U.S. missile system in South Korea.
Tank leaves N. Korea's military parade while in progress
A tank was spotted leaving North Korea's massive military parade while it was in progress, in a loss of face for Pyongyang as it staged a show of military prowess amid heightened tensions over its nuclear and missile programs. Footage released by North Korea's state television showed a tank leaving formation with white smoke, while the vehicles were rolling through Kim Il-sung Square on Saturday to mark the 105th birthday of late state founder Kim Il-sung.
The Korea Herald (http://www.koreaherald.com)
Pence warns NK against ‘testing’ US resolve
US Vice President Mike Pence on Monday warned North Korea against “testing” the US’ military power and resolve to denuclearize the peninsula, saying “all options are on the table.” At a joint news conference with acting President Hwang Kyo-ahn, Pence declared the end of the “strategic patience” policy, under which Washington has for more than 20 years been making overtures, only to be met with Pyongyang’s “willful deceptions, broken promises and nuclear and missile tests.”
‘Park received W59.2b in bribes’
Former President Park Geun-hye received 59.2 billion won ($52.1 million) in bribes, South Korean prosecutors said Monday, indicting the leader on a total of 18 charges. With the indictment, the prosecutors ended a six-month, multifaceted probe into the corruption scandal that forced Park out of office last month. They also indicted Lotte Group Chairman Shin Dong-bin -- without physical detention -- for bribery, while clearing SK Group Chairman Chey Tae-won. Woo Byung-woo, who was Park’s key aide in civil affairs while the alleged corruption took place, was also sent for a criminal trial for abuse of power.
Candidates kick-start electioneering war
Despite the adverse weather conditions, candidates in the May 9 presidential election began an intense 22 days of cross-country campaigning Monday. The two front-runners -- Moon Jae-in of the Democratic Party of Korea and Ahn Cheol-soo of the People‘s Party -- canvassed downtown Seoul and a key provincial constituency consecutively on their first day, seeking to get a start on each other.
Moon kick-started his campaign in Daegu, the central city of the country’s conservative-leaning North Gyeongsang Province region.
Will Daewoo Shipbuilding tide over financial crisis?
South Korea’s cash-strapped Daewoo Shipbuilding and Marine Engineering has moved one step closer to getting a fresh 2.9 trillion won ($2.5 billion) loan to tide over its financial woes, as its bondholders approved a debt-to-equity swap plan at their first three meetings Monday. At the separate meetings, bondholders who hold a combined 940 billion won of corporate bonds of DSME that mature by November this year approved the debt restructuring measures, initially suggested by the shipbuilder’s major creditors Korea Development Bank and the Export-Import Bank of Korea last month.
The Korea Times (http://www.koreatimes.co.kr)
Pence tells N. Korea not to test 'US resolve'
U.S. Vice President Mike Pence reaffirmed the Donald Trump administration's stern attitude toward Pyongyang's nuclear ambitions and continuous provocations Monday, saying all options were on the table. In a joint press conference with South Korea's acting President and Prime Minister Hwang Kyo-ahn, Pence said the Trump government will be different from previous administrations which attempted to denuclearize the Korean Peninsula in vain through negotiations.
China, North Korea in 'secret talks' to end nuclear crisis
China and North Korea are in secret talks about the isolated country's nuclear program, according to reports. American broadcaster NBC on Thursday quoted a U.S. government source as saying that China sent its "top nuclear negotiators" to the North to "communicate the gravity of the situation to the North." Taiwan's official Central News Agency on Sunday quoted Hong Kong military analyst Liang Guoliang as saying China is trying to resolve the North Korean nuclear impasse through diplomatic channels with the North.
US, China show signs of change in N. Korea policies
The United States is taking a softer stance on China over trade issues while Beijing is tightening the noose on Pyongyang, in what is seen as possibly a new strategy to tackle North Korea following a U.S.-China summit. Reversing a campaign pledge, U.S. Presidential Donald Trump backed away from labeling China a "currency manipulator" after he met with President Xi Jinping at his Mar-a-Lago resort in Florida on April 6 and 7.
North Korea's failed missile launch premeditated?
North Korea's failed missile launch on Apr. 16 was the rogue state's deliberate plan to ease tension with the U.S. and keep its dignity by continuing the annual tradition, a Chinese military expert suggests. North Korea deliberately arranged the failure avoided a U.S. retaliatory attack against its military provocation, while not giving up on its traditional ceremony of test-firing ballistic weapon systems, according to Luo Fu-qiang on Phoenix Television, a Chinese broadcaster, on Apr. 17.
'North Korea nuke test unlikely soon'
North Korea is unlikely to conduct a nuclear test in the immediate future that could trigger a full-scale war, according to a North Korea expert based in the U.S. "My own guess is that Kim Jong-un will go for less threatening missile tests rather than a sixth nuclear test given the pressure that has accumulated, but we cannot rule out a miscalculation," Stephan Haggard, a professor at the University of California, San Diego, told The Korea Times.
U.S. Vice President Mike Pence visits DMZ
U.S. Vice President Mike Pence, the No. 2 in power of the Trump administration, was seen exchanging friendly confabs in a rainy Monday with South Korea’s Acting President Hwang Kyo-ahn under umbrellas. As the vehicle carrying Vice President Pence arrived at the prime minister’s official residence in Seoul, Acting President Hwang, who was waiting outside with an umbrella, welcomed his guest outside in person.
Surreal artist Salvador Dali' works to be reborn on stage
This spring brings us with colorful events, with painter Salvador Dali's works displayed on stage, Mozart's opera played, and unique improvisation dance performances held. World-renowned performance producer Daniele Finzi Pasca will stage his art circus "La Verita," inspired by surrealist painter Dali's works at the LG Art Center from April 27 to April 30. On the background of a curtain painted by Dali's "Mad Tristan," performers in various colorful clothes will perform a combination of plays, dances, music and arts. Under the lightings that shine like watercolors, topless dancers will fly on ropes and swim in between sculptures resembling dandelion seeds on the stage.
Politics of campaign jingles
Campaign jingles reflect their election strategy. Presidential candidates started an official election campaign with various campaign jingles on Monday. Moon Jae-in of the main opposition Minjoo Party came up with a variety of songs to touch different generations. His camp has decided to use Twice’s “Cheer Up” for the younger generation, DJ DOC’s “Run to You” for those in the 30s and 40s and Nami’s “My Everlasting Friend” for the older generation.
Students' outdoor activities to be controlled upon find dust level
Outdoor activities of schools and kindergartens will be banned when the level of find dust is "bad" or worse without special reasons and schools should keep all the windows closed during the class under the same condition. The Ministry of Education and the Ministry of Environment announced on Monday that they would provide a training program for 20,000 school officials nationwide who are in charge of fine dust management from Tuesday to May 8.
More Women Marry Less Educated Men
A growing number of highly educated women marry men with lower academic credentials. Statistics Korea data on 2 million couples who married between 1995 and 2015 show that the proportion of women marrying less educated men rose from 7.5 percent of all couples to 11.6 percent over the decade. In 2015, 235,085 couples got married and 27,173 were a woman with a university degree marrying a high-school graduates or a woman with a high school diploma marrying a man who did not finish high school.
N.Korea Botches Another Missile Test
North Korea botched another ballistic missile test on Sunday as it marked the 105th birthday of nation founder Kim Il-sung and ahead of U.S. Vice President Mike Pence's visit to Seoul. The attempted launch came about an hour after a plane carrying Pence took off from an Alaska stopover. In a massive military parade a day earlier, the North showed off three new ballistic missiles.
The failed launch came at a time of heightened U.S. pressure and warnings that tension with North Korea is "coming to a head," but Pyongyang refrained from another nuclear test despite signs that preparations at its remote test site are complete.
Kim Jong-un's Sister Orchestrates Major Celebrations
North Korean leader Kim Jong-il's sister Yeo-jong was repeatedly shown in the state media orchestrating the celebrations of nation founder Kim Il-sung's 105th birthday on Saturday. Kim Yeo-jong was spotted accompanying her brother to official functions last year but stayed largely out of the limelight this year. Dressed in a black suit, Kim Yeo-jong, who is officially a vice director of the Workers Party's Propaganda and Agitation Department, stood next to ceremonial head of state Kim Yong-nam to greet her brother as he entered the main venue.
Pence Starts 3-Day Visit to Seoul
U.S. Vice President Mike Pence landed at the U.S. Forces Korea's Osan Air Base in Pyeongtaek, Gyeonggi Province on Sunday afternoon for a three-day visit to South Korea. He visited the National Cemetery in Seoul later the same afternoon. Pence then attended an Easter Sunday church service and had dinner with Korean and U.S. military officers and their families in the USFK Yongsan Garrison. In a dinner speech Pence said his father, a Korean War veteran, was one of the U.S. soldiers stationed here some 60 years ago.
Will THAAD deployment be left for next S. Korean administration to decide?
Differences between past and present positions on South Korea and the US being united in support for a swift THAAD system deployment are drawing attention after a White House foreign policy adviser visiting South Korea with US Vice President Mike Pence on Apr. 16 called the matter something for the next South Korean president to decide. The South Korean government has been rushing to deploy THAAD since signing a site swap contract with Lotte in late February to acquire a golf course in Seongju, North Gyeongsang Province.
Trump administration settles on N. Korea policy of “maximum pressure and engagement,”
The North Korea policy adopted by the US government under President Donald Trump reportedly means to keep up intense pressure on the North in the short term with the goal not of overthrowing the regime but rather of persuading it to rejoin denuclearization negotiations. Military action against the North has basically been ruled out, sources say. According to multiple media reports and comments by diplomatic sources in Washington on Apr. 16, the Trump administration has completed its North Korean policy under the name of “maximum pressure and engagement,” with the approval of all the members of the National Security Council. Engagement is a term in international relations that signifies dialogue and negotiations.
Former US Secretaries of Defense speak out to urge calm handling of North Korea
Amid the recent heightening of tensions on the Korean Peninsula, former US Secretaries of Defense have come forward to urge the administration of US President Donald Trump to respond to North Korea rationally and prudently. A strike on North Korea would not be “like the Syrian operation where we conducted a strike which we think was relatively cost-free to us militarily,” said William Perry, who was closely involved in reviewing the option of a strike on North Korea’s nuclear facility at Yongbyon in 1994 while serving as Secretary of Defense under President Bill Clinton. Perry made the comments during an interview that was published in the Apr. 14 edition of the LA Times.
NBC report on North Korea strike called “wildly wrong” and “extremely dangerous”
NBC is facing controversy over a false report that the US was weighing a preemptive conventional weapon strike against North Korea if it felt convinced a nuclear test was imminent. Observers in the US and overseas have been outspoken in disputing and criticizing the network‘s report. On Apr. 13, NBC reported that the US had deployed two destroyers equipped with Tomahawk cruise missiles - capable of preemptive strike operations against North Korea - into the vicinity of the Korean Peninsula, with one of the destroyers positioned around 300 miles away from North Korea’s nuclear testing site at Punggye Village. The report resulted in rising fears not only in South Korea but among North Korea experts in the US.
Pence warns North ‘not to test’ Trump
U.S. Vice President Mike Pence warned Pyongyang “not to test” the resolve of President Donald Trump during a joint press conference with South Korea’s acting president in Seoul on Monday, indicating intensive punitive measures in case of further provocations by the North. “Just in the past two weeks, the world witnessed the strength and resolve of our new president in actions taken in Syria and Afghanistan,” said Pence, standing beside Prime Minister Hwang Kyo-ahn, South Korea’s acting president. “North Korea would do well not to test his resolve or the strength of the armed forces of the United States in this region.”
Park indicted for bribery charge
Former President Park Geun-hye was indicted Monday for alleged crimes committed during her failed presidency, including accepting bribes from the country’s largest conglomerates. A special investigation team of the prosecution indicted Park Monday on 18 charges. The prosecution also indicted Lotte Chairman Shin Dong-bin for allegedly bribing Park. Park, Korea’s first leader to be impeached and removed from office, became the third former president of the country to stand trial for bribery. Chun Doo Hwan and Roh Tae-woo were convicted in 1996 of having received bribes from conglomerates during their presidencies.
NPS support gives DSME turnaround plan a chance
A bailout for cash-strapped Daewoo Shipbuilding & Marine Engineering finally got an official nod from the National Pension Service early Monday, which should pull the sinking shipbuilder above the waterline. At midnight Monday, just a few hours before a bondholders’ meeting scheduled for 10 a.m., the NPS finally agreed on a turnaround plan proposed by the Financial Services Commission and the Korea Development Bank in late March. The NPS is DSME’s largest bondholder.
FKI’s final destination yet to be made clear
The Federation of Korean Industries, a business lobbying group that represented the chaebol for over half a century, is going through an existential crisis. The federation has been under mounting pressure to disband itself after it was directly implicated in the political corruption scandal that led to the impeachment and removal of former President Park Geun-hye. The federation played a leading role in forcing major conglomerates to cough up funds for two foundations established by President Park’s friend Choi Soon-sil.
The KyungHyangShinmoon (http://english.khan.co.kr/)
"Horrified at Earthquake in Gyeongju···Vote for the Candidate who Promises to Shut Down Old Plants"
On the afternoon of April 16, at the entrance to the Wolsong Nuclear Power Plant in Naa-ri, Yangnam-myeon in Gyeongju-si, Gyeongsangbuk-do, a tent was erected in front of the visitors' center for the residents in protest. On that tent hung a banner with the words, "Legal Victory to Annul the Extension of Operations of Wolsong Unit 1." The Nuclear Safety and Security Commission (NSSC) had decided to extend the operation of Wolsong unit 1 for another decade after the unit's designed life (30 years) ended.
Prosecutors Release Woo Byung-woo and Arrest Ko Young-tae
The court once again dismissed the arrest warrant for former Cheong Wa Dae Senior Secretary for Civil Affairs Woo Byung-woo in the early hours of April 12. Gwon Sun-ho, the chief judge who reviewed the request at the Seoul Central District Court said, "There is room for arguments on whether the criminal charges can stand, and the risk of destroying evidence or of fleeing from the law was not sufficiently elaborated based on the investigation and evidence collected so far." Simply put, the investigation was not carried out sufficiently enough to issue a warrant.
Problems Still to Tackle: Recognizing “Death on Duty” of Temporary Teachers and Funding the Treatment of Civilian Divers
The people have high hopes about uncovering the truth and find the missing victims now that the Sewol has been salvaged, but there are still issues that need to be resolved. The government refuses to acknowledge the death of the temporary teachers of Danwon High School in Ansan, who died helping the students escape, as “death on duty,” and the civilian divers and fishermen near the waters where the Sewol sank have not received proper compensation for damages.
Election Landscape of Ruling vs. Opposition Parties Changes
As the nineteenth presidential election emerges as a race between Moon Jae-in of the Minjoo Party of Korea and Ahn Cheol-soo of the People's Party, a heated debate is ongoing about the nature of the latest election. Moon focused on the fact that Ahn has established himself as a leader of the moderates and conservatives, past supporters of the ruling party, and suggested that the current election was a variation of the past ruling party versus the opposition elections.
The Korea Economic Daily (http://english.hankyung.com/)
Ahn Cheol-soo Leads in Google Big Data Ranking
People's Party presidential candidate Ahn Cheol-soo is leading the list in terms of search frequency on Google. With the dominance of Minjoo Party nominee Moon Jae-in being shaken, people's interest is growing over Ahn as Moon's strong rival. The analysis of Google trends for the period from April 8 to 14 showed that Ahn scored 87, much higher than Moon's 55. The Google trend is an index that measures the search frequency of certain keywords on Google.
82.8% of Voters Said, "We Will Vote No Matter What"
Four out of five voters in Korea turned out to have strong will to go to the polls in the May 9 presidential election. According to a survey conducted with 1,500 voters nationwide during April 10-11 by the World Research commissioned by the National Election Commission, 82.8 percent of the respondents said they would cast their ballots no matter what, 4.6 percentage points higher than 78.2 percent for the nation's 18th presidential election in 2012.
GM Korea Suffers 2 Tril. Won Loss in 3 Years
GM Korea turned out to have suffered a loss of about 2 trillion won over the past three years. GM Korea which has engaged in the production and shipment of Chevrolet models, was hit hard by its U.S. headquarters' decision withdraw the Chevrolet brand out of the European and Russian markets. The disappointing results were also blamed on the decline in its capacity utilization and the steady increase in personnel cost. This situation provoked concerns that the position of GM Korea could be deteriorated from its American headquarters' main production base to one of subcontractors.
China May Cut off Crude Supply to North Korea If All Else Fails
As the United States government reset its policy direction toward North Korea at "pressure and sanctions at the highest level," the attention of the international community has turned to how the Chinese government will do. Until now, China has been reluctant in doing anything against the north even though it was in agreement of resolutions to sanction North Korea. But it has changed since Chinese President Xi Jinping met his American counterpart Donald Trump on April 6 and 7.
AJU Business Daily (http://eng.ajunews.com/korea)
Pension fund accepts controversial rescue package for ailing Daewoo shipyard
South Korea's ailing Daewoo shipyard will be able to keep alive with extra loans after the state pension fund agreed on a debt-for-equity swap despite concerns about worsening profitability and mismanagement. In a statement issued shortly after midnight Sunday, the National Pension Service (NPS) cited the "interests" of subscribers as a top priority in accepting a fresh rescue package for Daewoo Shipbuilding & Marine Engineering Co.
US vice president warns Pyongyang against testing Trump's resolve
US Vice President Mike Pence warned North Korea Monday against testing the strength of American troops saying they are ready to meet any use of conventional or nuclear weapons with an "overwhelming and effective" response. Describing Washington’s commitment to South Korea's security as "ironclad and immutable", Pence said North Korea should not test Trump's resolve, citing his decision to launch military actions in Syria and Afghanistan.
Prosecutors indict jailed ex-president for bribery and other charges
South Korea's jailed former president Park Geun-hye was indicted Monday to stand trial on multiple charges including bribery for her active role in a corruption scandal that sparked months of political turmoil. Park, 65, was arrested on March 31 on charges of bribery, abuse of authority, coercion and leaking government secrets. If convicted, she could be sentenced to more than 10 years in prison only with charges of bribery.
N. Korea's new special operation unit shown in military parade
North Korea has formed special operation forces for the first time in an apparent show of military strength, an analysis on North Korea's media reports showed Monday, amid tensions over its nuclear and missile program. The country unveiled the existence of the Korean People's Army (KPA) special forces for the first time at a military parade Saturday to mark the 105th birthday of late founder Kim Il-sung, according to an analysis on the reports by Yonhap News Agency.
Maeil Business News Korea (http://www.pulsenews.co.kr/)
NPS agrees to accept govt-led rescue plan for DSME
South Korea’s National Pension Service (NPS), the biggest holder of bonds issued by cash-strapped Daewoo Shipbuilding & Marine Engineering Co. (DSME), finally accepted the government-led bailout program that demanded pain-sharing from private banks and bondholders. The country’s largest institutional investor held an investment committee meeting on Sunday and decided to convert half of its 390 billion won ($342 million) bonds into equity and push back due date for the remaining half to three years. The fund’s decision raises the chance for DSME to avoid heading for a court-led prepackaged program, which would expedite debt write-off and reorganization.
Naver’s subsidiary NBP launches new cloud service platform
South Korea’s leading web service provider Naver Corp. launched Naver Cloud Platform as part of efforts to strengthen its cloud service business to enhance competitiveness in future-promising technologies. Naver Business Platform (NBP), a Naver’s subsidiary providing information technology (IT) infrastructure and solutions, released a public cloud service platform Naver Cloud Platform on Monday.
S. Korean food companies winning over Japanese consumers
South Korea’s leading food and beverage companies see substantial progress in capturing the taste buds of Japanese consumers known for high-quality palates in hopes to be part of the country’s diverse culinary culture. Nongshim Co., Korea’s largest manufacturer of instant noodles and snacks, raised $39.8 million in sales in Japan last year, up 30 percent from $30.65 million in the previous year. The company has lifted its sales target to $47 million this year.
Posco ICT to design ICT infrastructure for Korea’s 1st smart city project in Kuwait
Posco ICT Co., a key affiliate of South Korea’s largest steelmaker Posco, will partake in the country’s first-ever overseas smart city building project in Kuwait. The company announced on Sunday that it will design information and communication technology (ICT) infrastructure for the smart city named South Saad Al Abdulla that will be built 18.6 miles (30 kilometers) west of the center of Kuwait.
Korea and Kuwait signed on a memorandum of understanding (MoU) in May last year to cooperate on building the Kuwaiti smart city spanning 40 miles at 18.6 miles west of Kuwait City, capital of Kuwait, at a cost of $4 billion.
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