The Korean daily media headlines and humor
Monday June 5, 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:
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What’s ticking in Korea today? Here is a quick roundup of important news stories from the major Korean news media today:
Cabinet Approves 11.2 Trln Won Extra Budget Plan Focused on Job Creation
The government has drafted an extra budget plan focused on creating jobs. The Cabinet on Monday approved an eleven-point-two trillion won, or 10 billion dollars, supplementary budget plan. The plan will be submitted to the National Assembly on Wednesday. Citing the real youth unemployment rate is up to 24 percent, the government noted the country’s job market remains in the doldrums. It said it has arranged the extra budget plan to lay the groundwork for economic growth that creates many jobs. Specifically, the government plans to inject four-point-two trillion won into the creation of 71-thousand public jobs, including 12-thousand public officials, such as police officers and firefighters.
Pres. Moon Reaffirms Commitment to Creating Jobs
President Moon Jae-in has vowed to make sure that every penny the government spends will contribute to creating employment, saying that the presidential office will become an incubator for jobs. The president made the vow on Sunday in his official greeting posted on the Web site of the new presidential committee on job creation, which opened on Sunday. Moon said that he established the committee in order to fulfill his promise to become a president focused on the creation of jobs, and he assumed the chairmanship of the committee under judgment that the government must be the largest employer and job creator.
Prime Minister Calls for Proactive Response to Major Issues
Prime Minister Lee Nak-yon has urged the government to actively implement major policies although the Cabinet has not been fully formed. The prime minister made the call on Saturday while receiving policy reports from the top officials at the Office for Government Policy Coordination and the Prime Minister’s Secretariat. In the policy briefing, Lee said that ministries and state agencies should properly handle all policy tasks including urgent issues such as securing parliamentary approval for extra budgets, and changing non-regular workers to regular workers. He called on the government to proactively respond to pressing issues or matters that require coordination.
Pres. Moon Reaffirms Commitment to Creating Jobs
President Moon Jae-in has vowed to make sure that every penny the government spends will contribute to creating employment, saying that the presidential office will become an incubator for jobs.
The president made the vow on Sunday in his official greeting posted on the Web site of the new presidential committee on job creation, which opened on Sunday. Moon said that he established the committee in order to fulfill his promise to become a president focused on the creation of jobs, and he assumed the chairmanship of the committee under judgment that the government must be the largest employer and job creator.
S. Korean Kim In-kyung earns 5th LPGA victory
South Korean Kim In-kyung has won for the fifth time in her LPGA career. Kim beat Anna Nordqvist by two strokes to win the ShopRite LPGA Classic at Stockton Seaview Hotel and Golf Club's Bay Course in Galloway, New Jersey, on Sunday (local time). Kim fired a two-under 69 in the final round for a three-round total of 11-under 202 in her first victory of 2017, and cashed in US$225,000 in the winner's check. Nordqvist, two-time defending champion, also carded a two-under 69. Kim is the seventh different South Korean winner on the tour this year in 13 starts. The LPGA has yet to see a multiple champion so far in 2017, and Nordqvist, who won in Arizona in mid-March, came up short in her bid to become the first.
Highly pathogenic avian influenza confirmed in Busan
South Korea's agricultural ministry said Sunday it has confirmed a case of a highly pathogenic avian flu in the southern port city of Busan. The Ministry of Agriculture, Food and Rural Affairs said it reached the conclusion after conducting detailed tests on a poultry farm with 6,000 birds. The farm had purchased 650 Korean Ogol Chickens last month from Gunsan in the country's southwestern region. Some of the birds died off suddenly, which caused quarantine officials to check the farm.
S. Korea's current account surplus rises to US$4 bln in April
South Korea's current account surplus rose slightly in April from a year earlier on an increased surplus in the goods account, central bank data showed Monday. The country's current account surplus reached US$4 billion in April, compared with a surplus of $3.76 billion tallied a year ago, according to the preliminary data from the Bank of Korea (BOK). The figure represents a surplus for 62 months in a row. The current account is the biggest measure of cross-border trade. The BOK said the goods account surplus widened to $11.93 billion, up from $9.85 billion a year earlier on the back of the country's brisk overseas sales.
The Korea Herald (http://www.koreaherald.com)
Terror attacks strike heart of London; 7 people killed
The death toll from a terror attack at the heart of London rose to seven Sunday as Prime Minister Theresa May convened an emergency security cabinet session to deal with the crisis. The assault began Saturday night when a van veered off the road and barreled into pedestrians on busy London Bridge. Three men fled the van with large knives and attacked people at bars and restaurants in nearby Borough Market, police and witnesses said. The attack unfolded quickly, and police said officers had shot and killed the three attackers within eight minutes. The violence turned a summery night in an area packed with revelers into a scene of panic and chaos, with officers running through crowded streets screaming for people to flee. Lifeboats on the River Thames helped evacuate the area, which is popular with tourists. It remained closed off Sunday and police urged residents and tourists to stay away.
Moon has more targets in military
Former Cheong Wa Dae chief security officer Kim Kwan-jin and incumbent Defense Minister Han Min-koo -- a once powerful pair in South Korea's military hierarcy -- are under investigation for not relaying highly sensitive information to the new administration. But the issue is only the beginning of trouble for the country’s military brass. President Moon looks set to push ahead with his ideas to reform the military and eradicate corruption -- in particular the dubious connections between the military procurement agency and arms vendors.
Moon's position on THAAD delivered to US
South Korean Defense Minister Han Min-koo said Sunday he has conveyed President Moon Jae-in's message on the THAAD missile defense system to US Secretary of Defense Jim Mattis. Han said his "talking points" in the discussion with Mattis held in Singapore a day earlier were decided in "consultations" with Moon's office Cheong Wa Dae. The one-on-one meeting between Han and Mattis came amid renewed attention on Seoul's stance towards the agreed-upon deployment of the advanced missile defense system by US Forces Korea. Han and his ministry have come under fire for allegedly bypassing a report of THAAD equipment in South Korea to its new president Moon Jae-in. Han was appointed by Moon's ousted predecessor Park Geun-hye.
Chipmakers, mobile carriers rally over market expectation on industrial shift
South Korean chipmakers and mobile carriers are enjoying early rallies in their stocks due to high market expectations of an industrial shift toward future technologies. And the biggest beneficiary of the industrial shift, so-called the fourth industrial revolution will be Samsung, analysts said Sunday. Financial analysts noted stock prices of domestic semiconductor, display and telecommunication-related firms are rising rapidly. This year alone, IT market bellwether Samsung Electronics soared 27.5 percent as of Friday from the last trading day of 2016. LG Electronics showed a whopping 67.8 percent surge during the same period.
The Korea Times (http://www.koreatimes.co.kr)
Moon in dilemma over household debt
President Moon Jae-in is speeding up his efforts to cope with Korea's snowballing household debt, but soaring house prices and anticipated U.S. key interest rate hikes seem to be weighing on the new administration. Last week, Moon ordered related ministries to come up with comprehensive measures on household debt by August. Although the President set this deadline, government officials said they will present measures as early as this month. According to the Bank of Korea (BOK), the country's household debt totaled 1,359.7 trillion won ($1,210 billion) in the first quarter, up 17.1 trillion won from a quarter earlier.
US politicians concerned about THAAD row
U.S. politicians are unhappy with the South Korean government's ongoing inspection of the controversial deployment of a U.S. Terminal High Altitude Area Defense (THAAD) battery here. Regardless of which party they belong to, the politicians claim the anti-missile system is to defend South Koreans as well as U.S. troops stationed here against North Korea's missile threats, calling into question the Moon Jae-in government's move to seek parliamentary approval for the installation.
Wyverns 'Dong-Dong' brothers in spotlight
The SK Wyverns are a special nightmare for pitchers on opposing teams mainly because of their formidable sluggers. They have more power hitters who could pull together home runs than any other team in the Korea Baseball Organization (KBO) League. The Wyverns currently lead in the KBO home run rankings by team with 97 so far, outdistancing the runner-up Doosan Bears (51) with 46.. Three Wyverns players are in the top five of the KBO home run rankings — third baseman Choi Jung, and outfielders Han Dong-min and Kim Dong-yup. Choi leads the ranking with 18, followed by Han with 16. Kim, who is in his second year in the KBO league, has hit 13 homers.
London terror attack
Another terrorist attack struck the heart of defenseless UK. Six people were killed and around 30 injured after three knife-wielding assailants led a deadly rampage, plowing a car into pedestrians on London Bridge at 10 p.m. Saturday (local time). The suspects behind the attack are the followers of Islam who are in the period of Ramadan fast. It appears that the fact that the capital of Britain was exposed to the terrorist attack will make a huge impact on the public opinion as the British general election is five days away June 8. The city faced its third attack in the three months.
Korean shipbuilding industry 'foghorns recovery' in Russia
Driven by technological competency, Korean shipbuilding industry is turning towards Russia in order to activate its sluggish business. According to Hyundai Samho Heavy Industry on Sunday, Ka Sam-hyeon, CEO of Shipping and Maritime Sales Division at Hyundai Heavy Industry, and Igor Sechin, CEO of the Russian government-owned petroleum corporation, signed a technology transfer agreement between "Zvezda-Hyundai" at the St. Petersburg International Economic Forum on June 2 (local time). Founded as a joint venture (JV), "Zvezda-Hyundai" was invested by Hyundai Samho Heavy Industry (49 percent) and Zvezda Shipbuilding (51 percent).
Deoksugung Stonewall Walkway partially open to public in Aug.
Several sections of Deoksu Palace stonewall walkways will be open to public after being blocked by a foreign embassy. The Seoul Metropolitan Government announced on Sunday that some sections of Deoksu Palace stonewall walkways once blocked and dead-ended by the British Embassy in Korea will be open to the public, paved with stones and red clay. The suggestion to open all sections was in fact already made by the Seoul city to the Embassy in 2014. However, the British Embassy declined due to security issues. Later, the two sides agreed through additional discussions to partially disclose several section last October.
Brain mapping of Koreans expected to expedite dementia diagnosis
A dementia diagnosis and prediction technology was invented for the first time in Korea, and is expected to come up with figures for the likelihood of dementia among Koreans who will for the first time reach over ten percent of Alzheimer's among 65 and over. On June 4, a government-funded research team on developing technologies for early detection of dementia at Chosun University announced that "we have succeeded in developing a technology which can detect possible occurrence of dementia in advance through gene test and brain Magnetic Resonance Imaging (MRI) based on the characteristics of genes and brain structure of Koreans."
What Teens Hate Hearing the Most
The words teenagers hated hearing the most are, "What is there in your life right now that can possibly give you stress?" according to a poll. School uniform maker Smart polled 8,748 school kids across the nation, and 67 percent said they experience a lot of stress in their lives, and 11 percent tremendous stress. Only 4.6 percent said they are not stressed. Some 36 percent of those who experience stress said they hate hearing other people ask what kinds of stress they could possibly be under in their adolescent lives.
Bad Driving Habits Last a Lifetime, Study Shows
Drivers who start out reckless or incompetent tend to stay that way throughout their driving life, a study suggests. Researchers for Hyundai Marine and Fire Insurance found that drivers who get into accidents within two years of obtaining their license tend to have consistently more accidents than those who do not. The researchers looked at 5,000 new drivers between 2009 and 2010 and found that beginners who got into accidents within less than a year of qualifying have a 53-percent accident rate over the following five years, 15.6 percent higher than those with clean records.
U.S. Lawmakers Seek Better Defense Against N.Korean Missiles
U.S. senators have proposed a regulation to strengthen America's defenses against potential North Korean missile attacks. Alaska Senator Dan Sullivan in a statement Tuesday said he introduced a bill named the Advancing America's Missile Defense Act. Alaska may fall within the range of North Korea's Hwasong-12 missile launched recently. Fourteen Republican and Democratic senators are behind the bill. The act details steps to bolster missile defense capabilities on the U.S. mainland including the deployment of 28 more interceptor missiles on the west coast. There are currently 44, but the U.S. aims to boost them gradually to 100.
Debate over working hours asks, what makes a week, five or seven days?
The Moon Jae-in administration is planning to amend the Labor Standards Act or abolish the Ministry of Employment and Labor’s administrative guidelines to lower the legal maximum working hours per week from 68 to 52. The issue is already the subject of debate in the Supreme Court. Fourteen cases are currently pending; in 11 of them, a lower court ruled that the maximum number of working hours per week was 52. In only three of the cases did the courts rule for 68 hours as per the ministry’s guidelines. But despite the referral of some cases for en banc rulings(which are decided by a panel of judges), the Supreme Court has been quiet, with no final rulings produced in the last five years and five months.
525,373 out of 2,072,550 public sector jobs are irregular positions
A total of 2.07 million people are working in South Korea’s public sector, of whom 530,000 are irregular workers (including people on permanent contracts with poor working conditions, a report has found. This is the first time an analysis has been released covering all jobs at public enterprises and in the central government and local governments. According to a report titled “The New Administration’s Job Policy for the Public Sector” by Bae Gyu-sik, a senior analyst at the Korea Labor Institute, 2,072,550 people were employed in South Korea’s public sector last year, accounting for 7.9% of the total 26,235,000 total people employed in the country.
Special needs children’s dream of flight comes true
Around 10 am on May 30, a group of people in blue vests that said “National Alliance of Special Needs Parents” began to gather one by one at the check-in counter on the second floor of Gimpo Airport in the Gangseo District of Seoul. The expressions on their faces were as sunny as a sky after the clouds have parted. This was the day that 80 people with developmental disabilities, 107 family members and more than 200 volunteers who were on hand to help out were making their first outing to Jeju Island.
What happens as artificial intelligence encroaches on professional translation?
On May 27, Chinese Go Grandmaster Ke Jie was defeated by Google’s artificial intelligence (AI) AlphaGo in the final round of a three-game series, after having lost the first and second rounds. While the encroachment of AI is provoking panic not only in the game of Go but in nearly every area, translators are in a particularly severe bind. AI-powered translation services such as Google Translate and Naver’s Papago are available for free, and they have reached the point where they can produce readable output. On the afternoon of the same day that Ke Jie was playing his third round against the computer, the fourth translation conference was held at Ewha Womans University in Seoul’s Seodaemun District under the title of “The Future of Artificial Intelligence and Translation.”
Mattis ‘understands’ Moon’s steps
In Washington’s latest response to South Korea’s brouhaha last week over four launchers of an antimissile battery, U.S. Secretary of Defense Jim Mattis said Saturday he “understands and trusts” the steps President Moon Jae-in is taking to solve the issue. South Korean Defense Minister Han Min-koo relayed the comment to reporters in Singapore after a bilateral meeting with Mattis on the sidelines of the Shang-ri La Dialogue. Mattis did not speak to reporters. “I told him that the Korean government’s measure on Thaad was entirely domestic,” Han said, referring to the Terminal High Altitude Area Defense system, “and that by no means are we trying to change our original decision [to deploy the missile shield] or convey a different message to the United States.”
Pyongyang tells Seoul to distance from U.S.
In a bold effort to influence South Korea’s new liberal Moon Jae-in administration and its North Korea policy, Pyongyang urged Seoul on Sunday to distance itself from the United States and cooperate with the Kim Jong-un regime for better inter-Korea relations. The Rodong Sinmun, North Korea’s state-run newspaper and official mouthpiece, blamed the conservative Park Geun-hye administration for molding the relationship into its “worst-ever” condition, lamenting the absence of dialogue or cooperation.
Gov’t bans live poultry sales after bird flu cases
The Korean government has prohibited all sales of live poultry in the country starting today and raised the bird flu warning level from second to third in its four-tier system after a strain of avian influenza was found in the provinces of Jeju and North Jeolla. “Whether the strain is highly pathogenic is yet to be confirmed, but all avian influenza prevention headquarters and disease control posts will be in full operation throughout the country,” the ministry said in a press release Saturday. Five chickens purchased by a farm in Jeju on May 27 died suddenly two days later. The farm did not immediately report the deaths to health authorities. Three more chickens died on Friday, when the farm finally reported the cases.
The KyungHyangShinmoon (http://english.khan.co.kr/)
Strong Winds Blew Sparks Through Suraksan Mountain
At around 9:07 p.m. on June 1, a massive wildfire went ablaze in Suraksan Mountain in Sanggy-dong, Nowon-gu, Seoul. The fire that started at the ridge of the mountain spread fast on the back of strong winds traveling at the speed of 3.9m/sec. The Ministry of Public Safety and Security sent emergency disaster announcements via text message to nearby residents. According to the ministry and the fire department this day, the fire seems to have ignited at a spot located almost a third quarter up the ridge below Guiinbong behind Sanggye LH Apartment Compound 13 and 14, which lies southeast of Hanshin Apartment in Sanggye-dong. Once the mountain caught fire, the blaze formed a belt 100 meters long and sprang to the top on the back of strong winds.
More Taxes for the Rich to Raise Money for Jobs
On June 1, the Moon Jae-in government announced the first tasks to carry out in their early days in office for the aim of creating more jobs, their number one campaign pledge. Moon plans to change our socio-economic system as well as various policy measures and state administration systems concerning education, labor, and welfare by August 17, which will mark the 100th day in office for the new government.
The government also opened the doors to the possibility of a tax hike among the rich in order to secure the funds for more jobs. They are reviewing plans to change the status of all workers in the public sector to regular workers, and in the private sector, imposing a financial burden on large companies that employee a large number of “irregular” workers.
"The Comfort Women Agreement Lacks Legitimacy. Isn't It Right to Rally Against It?"
"The elderly women drafted for sexual slavery by the Japanese military are not simply victims. They are activists leading action on human rights, women and peace issues." These were the words of Kim Sam (25, Sookmyung Women's University), former leader of Peace a Butterfly Network, an organization of college students in support of the comfort women victims, during an interview with the Kyunghyang Shinmun on May 30. Kim, who has worked as the so-called "guardian of the comfort women statue" helping the elderly victims, was recently sentenced to a fine of 2 million won for violating legislation on demonstrations and on charges of breaking into shared housing. Citizens have begun raising funds to pay her fine.
The Korea Economic Daily (http://english.hankyung.com/)
"Alzheimer's Is State's Responsibility...Gov't to Push for Cutting Cost in Half"
The Moon Jae-in government will seek to cut the cost of caring for patients with Alzheimer's disease by half. Under this plan, the government will raise the coverage ratio of the health insurance from current 80 percent to 90 percent while lowering the out-of-pocket cost from 20 percent to 10 percent. President Moon said this on June 2 in Seoul Senior Care Center in Seoul's Segok-dong in meetings with Alzheimer's patients and their family members, adding, "The government will lower the patient's cost burden to 10 percent. Alzheimer's must be a shared responsibility for society as a whole as well as the family. I will make sure to discuss the issue and report the result by the end of this month."
"We Won't Scrap Nuclear Reactor Construction Yet"...State Affairs Planning Committee Head
Kim Jin-pyo, head of the Presidential Advisory Committee for State Affairs Planning, said of its previous announcement to stop the construction of Shin-Gori nuclear reactors No. 5 and 6, on June 2, "it didn't mean we will scrap the plan entirely." In a meeting in the Ministry of Trade, Industry, and Energy on the same day, he said, "It meant we will stop the construction and make a comprehensive review on whether to continue or cancel the plan."
Samsung to Double Smartphone and Refrigerator Output in India
Samsung Electronics plans to double its output of mobile phones and refrigerators in India by investing 700 billion won. According to industry sources on June 4, Samsung Electronics India plans to double the size of its plant in Noida in Uttar Pradesh from 120,000 square meters to 240,000 square meters. The ground-breaking ceremony is slated to be held on June 7. Once the expansion is completed, the plant's monthly mobile phone output would likely increase from the current 5 million units to 10 million units, and refrigerator output from 100,000 units to 200,000 units. At present, Samsung is running two plants in India, one in Noida and the other in Chennai.
AJU Business Daily (http://eng.ajunews.com/korea)
President Moon's 'nuclear exit' policy faces strong challenge
President Moon Jae-in's "nuclear exit" campaign aimed at reducing South Korea's heavy dependence on nuclear energy faces a tough challenge from power plant operators and energy-related scholars and businessmen who are objected to any radical policy shift. South Korea, which has almost no reserves of fossil fuels on its territory, has actively pushed for a nuclear energy program despite growing public concerns over nuclear safety, aging facilities and sporadic blackouts caused by faulty parts.
Korea faces daunting array of security problems
The Korean peninsula faces a daunting array of security problems that will require tremendous efforts, especially long term, to overcome. The primary problem is not the threats themselves, however, but rather the complete inability of Koreans to conceive of those threats, or to respond to them in any meaningful manner. The problem is true for those of both progressive and conservative political orientations. There is a very little concept of how serious a security challenge the collapse of the ecosystem or the rising inequality in Korean, and East Asian, society is becoming. In fact, even extremely liberal groups do not offer any opinions on the problems of industrialized society or the privatization of banks -- issues that would have been taken quite seriously by even conservatives back in the 1950s.
New bird flu case reported at chicken farm
South Korea's agricultural ministry said it has confirmed a case of a highly pathogenic avian flu in the southern port city of Busan. The Ministry of Agriculture, Food and Rural Affairs said it reached the conclusion after conducting detailed tests on a poultry farm with 6,000 birds. The farm had purchased 650 Korean Ogol Chickens last month from Gunsan in the country's southwestern region. Some of the birds died off suddenly, which caused quarantine officials to check the farm.
Toyota testing Flying Car Model
Cartivator members prepare for a test flight of their flying car model on a former school ground in Toyota, central Japan, Saturday, June 3, 2017. Cartivator Resource Management, in which Toyota invested 42.5 million yen ($386,000), showed to reporters Saturday a test flight of a concoction of aluminum framing and propellers. It took off several times, hovering as high as eye level for a few seconds, before falling to the ground.
Maeil Business News Korea (http://www.pulsenews.co.kr/)
Korean EV battery makers set up manufacturing plants in Europe
South Korea’s electric vehicle (EV) battery makers are working to establish their manufacturing facilities in Europe, the fastest growing market for electric cars in the world. According to the battery industry on Saturday, LG Chem Ltd. is constructing its EV battery plant in Wroclaw in Poland that is scheduled to be completed by the end of next year. It will invest total 400 billion won ($356 million) to build the plant that covers an area the size of five soccer fields. It plans to start production as early as the end of this year. The one-stop production facility will produce battery cells, modules and packs and have a capacity of manufacturing batteries for more than 100,000 units of high-performing electric cars a year.
Samsung Biologics shares hit record high, gain 25.7% in May alone
Shares of Samsung Biologics Co., a biopharmaceutical business arm of Samsung Group, hit its highest level since its listing on the South Korea’s main Kospi bourse in November 2016 amid growing expectations on its entry into the Kospi 200 index and rosy outlook. On last Friday, shares of Samsung Biologics rose 1.09 percent from the previous trading day to end at an all-time high of 231,500 won. They reached record highs for three consecutive trading days from May 31 at 220,000 won and June 1 at 229,000 won.
Kogas to start natural gas extraction in Mozambique
The state-run Korea Gas Corp. (Kogas) said on Friday that it will launch its long-awaited development of natural gas from a field located in offshore Mozambique about 10 years after it first succeeded in drilling in the field. The launch comes after the Export-Import Bank of Korea and Korea Trade Insurance Corporation have recently decided to provide project financing funds worth $1.8 billion in total to Kogas for the project. The Coral South floating liquefied natural gas (FLNG) project in which Kogas is participating is the first natural gas extraction project of Area 4, a natural gas field that houses two other gas fields Mamba and Agula. The Coral field alone is known to have about 1.3 billion tons of gas reserves, which are enough to supply five years’ worth LNG based on last year’s global consumption of 260 million tons.
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