The Korean daily media headlines and humor
Thursday May 25, 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
FM nominee says 'more powerful' sanctions needed against N.K. provocations
President Moon Jae-in's nominee for the country's top diplomat said Thursday that it is necessary to seek "more powerful" sanctions against North Korea in case the regime carries out additional provocations.
Kang Kyung-wha, recently tapped to lead the foreign ministry, still emphasized that providing humanitarian aid to the North should be pursued regardless of any political considerations.
"Should there be additional provocations, I think more powerful sanctions are needed," Kang told reporters at Incheon International Airport, west of Seoul. Visit for further details:
What’s ticking in Korea today? Here is a quick roundup of important news stories from the major Korean news media today:
Prime Minister Nominee Grilled at Confirmation Hearing
Prime Minister Nominee Lee Nak-yon was intensely grilled over his credentials during a confirmation hearing on Wednesday. An opposition party lawmaker pointed out that Lee called former President Chun Doo-hwan a "great leader" in a newspaper column when he was a reporter. Lee said he is ashamed. He said that as the courts have already determined, Chun was the ringleader of a rebellion. Regarding disputes over his son's military duty exemption, Lee said his son received a series of surgical procedures for his weak health condition. He denied accusations that a public firm paid an unusually high price for a painting by his artist wife.
KOSPI Continues to Climbs, Hits New High
The benchmark Korean Composite Stock Price Index(KOSPI) has again renewed an all time high on Wednesday, as individual buyers scooped up market heavyweights amid continued upward momentum. The KOSPI on Wednesday added five-point-60 points or point-24 percent onto its record high from the previous day, to close at two-thousand-317-point-34. The tech-heavy KOSDAQ also rose one-point-31 points, or point-20 percent, to close at 646-point-04. On the foreign exchange market, the value of the local currency weakened two-point-six won against the U.S. dollar, closing at one-thousand-126-point-eight won.
Pres. Moon Vows to Complete Economic Policies With Creating Jobs
President Moon Jae-in said that his government’s economic policies will begin and end with creating jobs. The president made the remark setting up a digital board showing key indices related to employment in the presidential office on Wednesday. As he personally adjusted the monitor of the digital board, Moon said with its installment, conditions have been created to devise strong job policies more swiftly. Moon said that the nation’s youth unemployment was estimated to stand at eleven-point-two percent as of April, which is similar to the 1997 Asian financial crisis. He stressed that the government must make up for the market’s failure in generating employment as young adults are continuously facing hardships in landing jobs due to structural reasons.
FM nominee says 'more powerful' sanctions needed against N.K. provocations
President Moon Jae-in's nominee for the country's top diplomat said Thursday that it is necessary to seek "more powerful" sanctions against North Korea in case the regime carries out additional provocations. Kang Kyung-wha, recently tapped to lead the foreign ministry, still emphasized that providing humanitarian aid to the North should be pursued regardless of any political considerations.
"Should there be additional provocations, I think more powerful sanctions are needed," Kang told reporters at Incheon International Airport, west of Seoul. She didn't go into details, saying she will share her thoughts on major pending issues, including the North's nuclear and missile threats after studying more.
Choi Soon-sil's daughter in Denmark drops appeal, to face probe in Seoul
A key figure in a political corruption scandal that led to the ousting of former South Korean President Park Geun-hye on Wednesday dropped the appeal of her extradition case from Denmark to Seoul.
Danish prosecutors confirmed on Twitter that Chung Yoo-ra will be extradited to South Korea after she dropped her appeal to the High Court of Western Denmark pertaining to her lower court ruling of extradition to Seoul. Chung is accused of receiving inappropriate academic and financial favors based on her mother Choi Soon-sil's ties with Park. Park and Choi -- both jailed -- are accused of having colluded to abuse power and take bribes from Samsung Group and other South Korean conglomerates. Choi had no official position in the Park administration.
Global users of 5G network may reach 400 mln in 2022: report
The number of subscribers to the fifth-generation network (5G) services may reach 400 million by 2022, a report showed Thursday, a development that can change the landscape of the global telecommunication industry. According to the report released by industry tracker Ovum, the 5G network services are anticipated to hit the market in 2019, and gradually expand around the globe to reach 45 countries and 120 mobile carriers by end-2021. The 5G network technology allows data transmission speed that is 40-50 times faster than existing long-term evolution (LTE) networks.
Number of 'marginal companies' tops 200
More than 200 listed companies in South Korea are unable to service their debt with earnings in what is widely seen as a time bomb for Asia's fourth-largest economy, a report showed Thursday. South Korea had 3,278 marginal companies as of 2015, of which 232 were listed corporations, according to the report from the office of Rep. Kim Jong-min of the ruling Democratic Party of Korea. The report was based on data from the Financial Supervisory Service. A company failing to earn enough operating income to cover its interest expenses for three consecutive years is defined as marginal by local financial authorities.
Toyota, 6 other foreign carmakers ordered to recall over 40,000 vehicles
Seven foreign carmakers have been ordered to recall more than 40,000 vehicles in South Korea for faulty parts, the transport ministry said Thursday. This is the latest in a series of recall orders issued by the Ministry of Land, Infrastructure and Transport against both domestic and foreign carmakers. The carmakers plan to recall 28 different models totaling 40,222 units. These include Toyota Motor Corp.'s Sienna van and its luxury brand Lexus EX350 sedan, Ford Motor Co.'s Focus sedan and Escape SUV, and Mercedes-Benz's E300 sedan and E300 4Matic sedan, the ministry said in a statement. The problems range from faulty air bag inflators to faulty door-locking systems and software failures in the dashboard, it said.
The Korea Herald (http://www.koreaherald.com)
PM nominee says NK is primary enemy, backs US alliance
Prime minister nominee Lee Nak-yon’s two-day confirmation hearing began Wednesday, with opposition parties honing in on his national security stance, and alleged wrongdoings in his private affairs. At the hearing, Lee referred to North Korea as a “primary enemy” but avoided the term “main enemy,” and stressed the importance of the South Korea-US alliance. “Militarily (North Korea) is a primary enemy, but the prime minister cannot only consider military (issues),” Lee said, saying that the term main enemy is not used in Seoul’s defense whitepaper.
Trump's view of Kim Jong-un: from 'smart cookie' to 'madman'
From maniac to smart cookie to madman, US President Donald Trump’s descriptions of North Korean leader Kim Jong-un has varied extensively, sparking criticism that it may send misleading messages not only to Pyongyang, but to allies and friends. Trump called Kim a “madman with nuclear weapons” during a phone call with Philippines President Rodrigo Duterte last month, according to a transcript of the conversation written by Manila and obtained Tuesday by The Washington Post.
Korean military court convicts soldier over gay sex
A South Korean military court on Wednesday sentenced an army captain to a suspended prison term for having sex with a fellow male soldier in a ruling human rights groups criticized as regressive and intimidating. A lawyer for the captain said her client was being punished for having consensual sex with his partner in a private space. She said the captain was briefly treated at a hospital for shock following his conviction. "It's a ridiculous ruling," said lawyer Kim In-sook. She said the military penal code, which makes homosexual activity punishable by up to two years in prison, was unconstitutional because it tramples on basic human rights and dignity.
The Korea Times (http://www.koreatimes.co.kr)
Moon needs 'carrot and stick' for N. Korea
President Moon Jae-in should utilize the right balance of "carrot and stick" to make North Korea behave, according to Tara O, an adjunct fellow at the Pacific Forum CSIS (Center for Strategic and International Studies). She said that besides carrots, the new President needs some sticks for his policy options to secure flexibility in his approach to North Korea and prompt the reclusive country to abandon its nuclear program. "Like any president looking out for national security and the welfare of his or her own country and its citizens, Moon should consider all options," O said in an interview.
A sad ending for deported adoptee
A deported Korean-American adoptee was found dead in an apparent suicide in Goyang, Gyeonggi Province, officials said. Phillip Clay, 42, was found dead around 11:40 p.m., Sunday, outside an apartment building in Ilsan, according to officials from Global Overseas Adoptees' Link (G.O.A'.L), a non-governmental organization run by adoptees in Seoul. While a police investigation is underway, surveillance camera footage reportedly showed he was alone in the elevator when he went up to the 14th floor of the building he jumped from, alluding to suicide. The funeral was held at Myongji Hospital by Holt International, the agency that facilitated his adoption.
Taiwan court rules in favor of same sex marriage
Taiwan's top court ruled in favor of same-sex marriage on Wednesday, making the island the first place in Asia to recognize gay unions. The Constitutional Court said the current civil code that does not permit same-sex marriages was a violation of two articles of the constitution of the Republic of China, Taiwan's official name. It said that authorities must either enact or amend related t laws within two years. "The need, capability, willingness and longing, in both physical and psychological senses, for creating such permanent unions of intimate and exclusive nature are equally essential to homosexuals and heterosexuals, given the importance of the freedom of marriage to the sound development of personality and safeguarding of human dignity," the court said in its ruling.
'Kim Jong Un is a madman with nuclear arms,' says Trump
"We can't let a madman with nuclear weapons let on the loose like that.” U.S. President Donald Trump called North Korean leader Kim Jong Un a "madman with nuclear weapons" on April 29 during a telephone call with Philippine President Rodrigo Duterte. An online U.S. media The Intercept disclosed on Tuesday a transcript of the telephone conversation between the two leaders prepared by the Department of Foreign Affairs of the Philippine government. According to the report, President Trump showed a stark difference in his attitude towards North Korean leader Kim Jong Un made during an interview with Bloomberg News on May 1, “If it’s under the right circumstances, I would be honored to do meet Kim Jong Un.”
Philippine President Duterte declares martial rule
Philippine President Rodrigo Duterte declared martial rule on the southern island of Mindanao on Tuesday to prevent massive terror attacks by Maute group, Islamist militants believed to be inspired by Islamic State, in the region. However, there are mounting concerns that he could use this to strengthen reign of terror. Duterte has been criticized of infringing on personal rights after allowing the killing of drug trafficking suspects without due process. According to AP and CNN on Tuesday, Maute and the Philippine government military got engaged in a battle while Duterte was visiting Russia.
14th-century scripture found inside Buddha statue
A Goryeo Kingdom Buddhist scripture was found on Wednesday inside a Buddha statue at Silsangsa Temple in Namwon, North Jeolla Province. The Research Institute of Buddhist Cultural Heritage said that it discovered "Daebanyabaramildagyeong," a foldable scripture written in silver letters, inside the head of a seated Budda statue at the temple. There are only four such scriptures found in Korea. Among them, the one found inside the Vairocana Buddha of Girim Temple in Gyeongju, is designated as national treasure No. 959.
Violinist Lee Ji-yoon named bandmaster of Staatskapelle Berlin
Violinist Lee Ji-yoon has been appointed as a bandmaster of Staatskapelle Berlin, the prestigious symphony orchestra in Germany. The Kumho Asiana Culture Foundation said that Lee was chosen as a bandmaster in the final audition, where the orchestra’s musical director Daniel Barenboim attended on Tuesday (local time). Lee will start roles as bandmaster from September when the 2017-2018 season will kick off, and whether she will become the orchestra’s lifetime member will be determined two years later. Staatskapelle Berlin has a team of four bandmasters, and Lee is the youngest among them.
Park Was 'Resting' When Ferry Sank with 300 People Aboard
Ex-President Park Geun-hye told prosecutors during questioning in her remand prison in March that she was "resting" after a hectic schedule, on the day the ferry Sewol sank off the southwest coast in 2014 killing more than 300 passengers. The Park administration was denounced for the botched response to the disaster, especially when it became evident that Park was nowhere to be found for a full seven hours while the tragedy ran its course. "I had grown very fatigued and wasn't feeling well. I was able to tend to my duties at my residence so I simply changed the venue of my work in consideration of my health," Park said according to the transcript obtained by the Chosun Ilbo on Tuesday.
Park Trial to Sit 3-4 Times a Week
The Seoul Central District Court is expected to summon the first key witnesses on Thursday in the trial of ex-President Park Geun-hye. The court on Tuesday declined an application from Park's lawyers to reduce its weekly sessions in light of her unspecified health problems. The court said it will sit three to four times a week because more than 100 witnesses are expected to be cross-examined since Park denies all 18 criminal charges. The court has until Oct. 16 to reach a ruling before Park's remand period ends.
Culinary High-Flyers to Stop Over in Korea
A select group of affluent gourmets who travel around the world in search of the best culinary experience will be visiting Korea this weekend. The Culinary Discovery tour from May 27 to June 15 operated by Four Seasons Hotels and Resorts stops in nine cities around the globe on a private jet -- Seoul, Tokyo, Hong Kong, Chiang Mai, Mumbai, Florence, Lisbon, Copenhagen, and Paris. The 30 participants fork out $135,000 per person based on double occupancy, and an extra US$12,000 if they do not want to share a room.
Roh Moo-hyun’s vision being revived on 8th anniversary of his death
1,004 yellow butterflies flew into the sky as Owl Rock on Bongha Mountain looked on. The event was organized by the Roh Moo-hyun Foundation with the hope that the spirit of former president Roh Moo-hyun (in office 2003-08) would rest in peace and fly in freedom. After looking up at the flying butterflies for a while, President Moon Jae-in pulled out a handkerchief and dabbed his teary eyes. Moon had visited Bongha Village on May 23 of each year since Roh’s death in 2009, but the situation was different this year. Moon was Roh’s friend and last Chief of Staff, as well as the chief mourner of his tragic death, and is now president of South Korea. (Owl Rock overlooks Bongha Village, and is the point Roh jumped from when he committed suicide.)
Still denying all charges, former president Park Geun-hye appears at trial
At 10 am on May 23, in criminal courtroom No. 417 in the Seoul Central District Court, former president Park Geun-hye stood in the dock.
It was in this very place on Mar. 11, 1996 that defendants Chun Doo-hwan and Roh Tae-woo became the first former presidents (in office 1979-88 and 1988-93, respectively) to be put on trial. More than 21 years later, another former president stood in the same place. Park is facing 18 charges, including bribery (as defined in the Act on Aggravated Punishment for Specific Crimes) for demanding or receiving 59.2 billion won (US$52.59 million) from Samsung, Lotte and SK.
Japanese gov‘t clashes with UN Special Rapporteur over proposed anti-conspiracy law
The Japanese government exchanged harsh words with a UN Special Rapporteur over a new anti-conspiracy provision that critics worry could turn Japan into a surveillance society. At issue is a provision criminalizing “preparations for terrorism, etc.” that Tokyo is pushing to add to its anti-terrorism countermeasures legislation - an amendment of its Act on the Punishment of Organized Crime. Its terms would allow for punishment for actions at the preliminary and preparatory stages, even if the crime itself is not committed. Joseph Cannataci, Special Rapporteur on the Right to Privacy for the UN Human Rights Council, dismissed the Japanese government’s protests over his own criticism of the criminalization as a potential threat to privacy, calling them “angry words” with “no substance,” the Tokyo Shimbun newspaper reported on May 23.
Prime minister nominee faces grilling on family’s ethics
Prime Minister-nominee Lee Nak-yon on Wednesday admitted that his wife used a fake residential address in the past to be assigned to a better position as a teacher and issued an apology. In a confirmation hearing at the National Assembly, Lee faced intense grilling from opposition lawmakers about ethical issues involving his family, including alleged draft-dodging by his son and his wife’s use of a fake address. Those two issues have torpedoed nominees for top government positions in the past. The Korean public is particularly sensitive about elite families finding ways to get their children out of mandatory military service and the use of fake residential addresses for real estate speculation or to get their kids into better schools.
Congressmen warn Trump against strike
A group of 64 U.S. Democratic lawmakers warned President Donald Trump in a letter Tuesday that he would need congressional approval for any pre-emptive strike on North Korea and encouraged “direct” engagement with the isolationist regime. “Few decisions are more needing of debate than a move to launch attacks, or declare war, on a nuclear-armed state such as North Korea,” stated the letter addressed to Trump. It went onto warn that an “inconsistent or unpredictable policy runs the risk of unimaginable conflict” with such a volatile country as North Korea.
Retaliations by Beijing for Thaad seem to be easing
Since the Moon Jae-in government kicked off, Beijing has been easing up on retaliatory measures for Seoul’s deploying of a U.S. antimissile system. According to Korean news reports, Chinese custom authorities have reduced the number of Korean products being sampled for import approvals to the level before the decision to deploy the Terminal High Altitude Defense (Thaad) system was made last summer. After the Park Geun-hye administration decided to allow a Thaad battery to be set up in the southern region of the country, Beijing intensified inspections of Korean imports, which led to bans of several food items and cosmetics goods.
Moon seeks 10 trillion won, blueprint for jobs
Moon Jae-in’s administration is seeking a 10 trillion won ($8.8 billion) supplementary budget and a detailed road map that will be used to realize the jobs he promised during the presidential race.
Kim Jin-pyo, chairman of the advisory committee for state affairs planning, on Wednesday gave the Ministry of Strategy and Finance until the National Assembly’s special session next month for plans to execute the supplementary budget. Although the exact amount envisioned wasn’t mentioned, the president has promised a 10 trillion won budget to solve the youth unemployment crisis.
SK Innovation’s ebru ad hits five million views
Oil refiner SK Innovation’s latest advertisement in its “Big Picture of Innovation” series, which features unconventional visual artists performing their craft, has generated five million views just a month and a half after its release. The commercial features Turkish artist Garip Ay, who practices a traditional form of Turkish painting called ebru, in which oil paint is marbled on a water canvas to create extravagant images. It’s a relatively new medium for many Koreans, which is why the company chose to convey its message through Ay’s art.
"This Is the Last Time I Attend as President.... I Will Return after a Successful Term in Office"
President Moon Jae-in began by expressing his respect and affection for former President Roh Moo-hyun at a memorial service on the eighth anniversary of the death of the former president on May 23. He looked back on the past two decades of the Kim Dae-jung, Lee Myung-bak and Park Geun-hye governments as well as the dreams and frustrations of Roh Moo-hyun and resolved to be a "successful president." His goal is to become a "president of all people." "Today will be the last time that I attend as the incumbent president." Moon's words also imply that he will not become a president of any one side.
Park Denies Facts. Prosecution Claim "Enough Evidence to Prove Park Is Guilty"
Former President Park Geun-hye (65) squarely denied not only the criminal charges against her, but also facts on the first day in court. The prosecution fought back saying, "We have enough to prove her charges." Park's legal representative launched an attack referring to the "dinner with envelopes of cash," involving some of the prosecutors in the courtroom. The prosecutors refuted that the defendant was launching a political attack. On the first day of the trial of former President Park Geun-hye, Choi Soon-sil (61) and Shin Dong-bin (62), chairman of the Lotte Group, held at Criminal Department 22 (Chief Judge Kim Se-yun) of the Seoul Central District Court on May 23.
The Korea Economic Daily (http://english.hankyung.com/)
Interest Groups Take to the Streets in Droves after Moon Takes Power
Even after the presidential election was over, the public squares in Seoul's Gwanghwamun and Cheonggye are filled with protesters. But they are different crowds from those demanding President Park Geun-hye to step down or asking for truth for their children's death in the ferry sinking incident. Now, the streets are filled with workers from the Korean Confederation of Trade Unions and the committee to prevent firing of subcontract workers in the shipbuilding industry.
New Gov't Causes Controversy over New Sunshine Policy Remarks toward North Korea
Nominees to major diplomatic and security posts appointed by President Moon Jae-in made remarks such as the new government would allow exchanges with North Korea at civilian levels and resume the tour program to Mt. Kumgang and the economic partnership at the Kaesong Industrial Complex. Some in the conservative camp warned that the Korean government is rushing to reopen the relations with the North while the international community is stepping up its pressure on the reclusive regime for its nuclear and missile development programs.
Household Debt Hits Record High at 1,360 Tril. Won
Korea's household debt balance rose by more than 17 trillion won in the first quarter of this year, reaching an all-time high at 1,360 trillion won. According to preliminary data released by the Bank of Korea on May 23, the nation's household credit balance amounted to 1,359.7 trillion won. This figure is the highest since the central bank started compiling related statistics from the fourth quarter of 2002. The household credit balance includes not only loans from financial institutions including banks, insurance firms, private lenders, and public finance companies, but also credit card spending before paying it off.
AJU Business Daily (http://eng.ajunews.com/korea)
Asiana asks man with prosthetic leg to move out from exit row seat
A San Francisco man waiting for an Asiana Airlines flight from Beijing to Seoul was asked to move out from his seat near an emergency exit because he had a prosthetic leg. Upset with an unexpected situation on Sunday, Tim Seward filmed the scene with his mobile phone and uploaded the video onto his YouTube page, along with a cynical post that it was "absolutely insane" to experience such "blatant prejudice in my life focused on my prosthetic". The incident caught public attention as the world is still shocked by the brutal take-down in April of a United Airlines passenger who was beaten and dragged off the plane when he refused to get off, after Chicago aviation department gate officers asked him to give up his seat for other crew.
Pyongyang blasts Washington for seeking to 'fault' new ferry service with Russia
North Korea blasted the United States and its allies Wednesday for seeking to "suffocate" the nuclear-armed country with tightened sanctions by faulting a new ferry service with Russia. A ferry kicked off a trial service last Thursday between Russia's fas-eastern port city of Vladivostok and Rajin, a northeastern port in the North's Rason special economic zone. The service underlines Pyongyang's bid to boost ties with Moscow as China vows to step up sanctions against the cash-strapped country over its nuclear and missile programs. "This is a normal bilateral cooperation work aimed to expand the bilateral economic relations and deepen the friendship through humanitarian exchanges and visits," a North Korean foreign ministry spokesman said through Pyongyang's official Korean Central News Agency (KCNA).
S. Korea accuses N. Korea of launching propaganda balloons across border
South Korea accused North Korea Wednesday of launching leaflet-carrying balloons this week for its propaganda war that triggered a volley of warning shots from front-line soldiers and raised military tensions along the heavily guarded inter-Korean border. Warnings shots were fired Tuesday when several of about ten propaganda balloons launched by North Korean troops flew into the southern side of the demilitarized zone which split the Korean peninsula following the 1950-53 Korean conflict, the South's defense ministry said. South Korean front-line soldiers in the northeastern border town of Chorwon fired warnings shots several times as the balloon exercise lasted for more than three years from 5 pm (0800 GMT), the ministry said.
Maeil Business News Korea (http://www.pulsenews.co.kr/)
Earnings growth stocks in spotlight in bullish Korean market
Investors are advised to look to earnings growth stocks whose first-half performance would outperform 2016 full-year income in the Korean stock market positioned for a bull run. According to a study by market data provider FnGuide upon request from the Maeil Business Newspaper Tuesday, combined operating profits of 167 companies listed on the main Kospi for the first half are estimated at 87.65 trillion won ($77.8 billion). The figure is based on estimates by securities companies and first-quarter data.
Korea’s new govt will make hiring top economic, social agenda
The new South Korean government would place increased hiring as top economic and social agenda during its term, said Kim Jin-pyo, chief a presidential advisory committee in charge of drawing up the roadmap for public policies for the next five years under President Moon Jae-in. “Changing the current economic structure fixated for growth without hiring won’t be easy. If we do it over the next three years, it could be a big success,” said Kim on Wednesday. Kim, who had been the first deputy prime minister in charge of the economy under former President Roh Moo-hyun, was named to head the advisory commission on state affairs by Moon who was Roh’s chief of staff.
S. Korea suspends coverage on Novartis drugs for 6 months
The South Korea’s drug authority fined the Korean unit of Swiss drug giant Novartis 55.9 billion won ($49.6 million) and suspended insurance coverage on some of its drugs for six months over charges of handing out rebates to local doctors. The Ministry of Health and Welfare said on Wednesday that it decided to slap a 55.9 billion won penalty on Novartis Korea for its 33 products and a six-month insurance coverage suspension on nine variations of two drug types including Alzheimer’s drug Exelon starting August 24.
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