The Korean daily media headlines and humor

The Korean daily media headlines and humor

Wednesday, June 14, 2017

Your Excellency:

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

/s/

Lee Kyung-sik

Publisher-Chairman

Korea Post Media

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For The Korea Post announcement, please scroll down to the bottom.

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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:

The Korea Post media (www.koreapost.com) in English, (www.koreapost.co.kr) in Korean.

KBS (http://world.kbs.co.kr/english/news/)

Moon to Visit White House June 29-30 for Summit

The presidential office announced that President Moon Jae-in will visit Washington later this month for his first summit with U.S. President Donald Trump. The two leaders are expected to discuss an array of topics, including North Korea’s nuclear issue and economic cooperation.

N. Korea Releases US College Student Otto Warmbier

North Korea has released a U.S. college student 17 months after he was detained on charges of “hostile acts against the state.” The man, Otto Warmbier, was medically evacuated in a coma after North Korea claims he fell ill and was a given a sleeping pill shortly after his March 2016 trial.

Moon Appoints FTC Chief Despite Objection from Opposition Parties

President Moon Jae-in has appointed Kim Sang-jo as the new head of the Fair Trade Commission(FTC) despite objection from opposition parties

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

NBA star Andrew Wiggins to visit S. Korea on corporate tour

Former National Basketball Association (NBA) Rookie of the Year Andrew Wiggins will visit South Korea next month, officials here said Wednesday.

Moon to hold meeting with provincial administration chiefs

President Moon Jae-in will hold a meeting with the chiefs of major provincial governments Wednesday, his office said, in what appears to be a preparatory step to deliver on ...

S. Korean, Indian defense chiefs to hold talks on closer partnerships

The defense ministers of South Korea and India will hold talks in Seoul later Wednesday on ways to deal with North Korea and expand bilateral military cooperation, Seoul's m...

Automakers poised to wage war over small SUVs

Automakers in South Korea are expected to vie fiercely for a bigger slice of the market for subcompact sport utility vehicles (SUVs) following Hyundai Motor Co.'s entry into...

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

Parcel bomber arrested

Police said Tuesday that a graduate student had been arrested on suspicion of a parcel bomb attack that injured a college professor earlier in the morning.

The suspect is a 25-year-old graduate school student who also studies architecture at the same university, according to the police.

Korea's defense collapses in World Cup qualifier vs. Qatar

South Korea has suffered their worst defeat against Qatar as they failed to end an away drought in the final World Cup qualifying stage.

South Korea fell 3-2 to Qatar in the final Asian qualifying round for the 2018 World Cup at Jassim Bin Hamad Stadium in Doha on Tuesday (local time). With only two matches remaining in the final round, South Korea maintained second place in Group A, the last spot for automatic qualification, with 13 points from four wins, a draw and three losses, but failed to extend the gap against No. 3 Uzbekistan.

N. Korean drone spied on THAAD site: military

A purported North Korean drone was found to have taken pictures of the US advanced anti-missile system deployed in South Korea, Seoul’s military said Tuesday.

The device, discovered on a mountain near the inter-Korean border Friday, carried more than 10 photos of a Terminal High Altitude Area Defense battery stationed in Seongju, North Gyeongsang Province, according to Seoul’s Joint Chiefs of Staff.

Moon appoints FTC chief, nominates 4 ministers

President Moon Jae-in on Tuesday appointed Kim Sang-jo as the chief of the Fair Trade Commission against main conservative opposition parties’ resistance, and named four new minister nominees.

Saying Kim is the right person to realize Moon's vision for economic reforms, chief presidential press officer Yoon Young-chan said that Moon has decided to go ahead with Kim’s appointment.

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

Moon-Trump to hold summit on June 29-30

President Moon Jae-in and U.S. President Donald Trump will have their first summit in Washington, D.C., on June 29 and 30, their offices announced Wednesday. It will be Moon’s first summit with another head of state since his May 10 inauguration. The visit was made at Trump’s invitation following their phone call right after Moon was sworn in, according to Cheong Wa Dae.

Undocumented foreigner honored for saving elderly from blaze

Immigration authorities said Tuesday that they are likely to cancel a 10 million won ($8,860) fine on a Sri Lankan man, 38, imposed for overstaying here illegally. The man who goes by his first name Nimal sustained multiple burn injuries after he entered a burning house to save a 90-year-old woman. He is the first illegal alien to have won a government-recognized award for such a "righteous act."

Police apprehend Yonsei University explosion suspect

A professor suffered burns and lacerations after a homemade bomb exploded outside his office at Yonsei University in Seoul, police said Tuesday.

Following analysis of surveillance cameras police apprehended a 25-year-old suspect ― one of the professor's students ― who told them that he was infuriated after the professor had refused to give him the credits he needed to graduate.

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

N.K.’s UAV flies over S.K., surveys THAAD in Seongju

North Korea’s unmanned aerial vehicle that was discovered on a hilly area in Inje County, Gangwon Province recently is found to have taken aerial photos of the Terminal High Altitude Area Defense anti-missile system in Seongju, North Gyeongsang Province, it has been revealed on Tuesday. The South Korean military is conducting in-depth analysis of the UAV, judging that the vehicle proves that the North Korean military is conducting reconnaissance activities in the South.

Remains of 5 sailors return home in 40 years

The remains of five Korean sailors of a deep-sea fishing vessel who died in other countries in the 1970s will return home in about 40 years.

The Ministry of Maritime Affairs and Fisheries said on Tuesday that the remains of the five sailors buried in Las Palmas and Santa Cruze de Tenerife, Spain will arrived in Korea on Wednesday. The remains will be delivered to the family and moved to the burial site of their hometown.

Iran’s advance to World Cup finals seen as good news to S. Korea

Iran, a Group A team in the Asian qualifying round for the 2018 World Cup in Russia along with South Korea, has confirmed its advance to the World Cup finals.

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

Moon Proposes Joint Hosting of World Cup with N.Korea, China, Japan

President Moon Jae-in on Monday proposed that South Korea should co-host the 2030 FIFA World Cup with North Korea, China, and Japan. FIFA will select the host country for the 2026 World Cup tournaments in 2020, so the decision on the 2030 World Cup is at least six or seven years off.

Choi Soon-sil's Daughter Arrives 50 Minutes Late for Questioning

Prosecutors on Monday questioned Chung Yoo-ra, the daughter of former president Park Geun-hye's longtime confidante Choi Soon-sil, who was recently extradited from Denmark.

Chung, who is notorious for her absenteeism at high school and Ewha Woman's University, arrived true to form 50 minutes late. She has been charged as an accomplice in wrangling illegal favors from Ewha and other offenses trading on Choi's connection to the president.

'Okja' Gets 1st Screening in Korea

Bong Joon-ho's Netflix-produced CGI spectacular "Okja" had its first screening in Korea on Monday after it premiered at the Cannes Film Festival last month.

Some 1,000 reporters including about 30 from Taiwan, Hong Kong, Singapore and the Philippines attended the preview.

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

President Moon announces “J-nomics,” a new paradigm for job-led growth

Strategy is a departure from his predecessors’ emphasis on trickle-down, company-centered growth

The speech that President Moon Jae-in made to the National Assembly on June 12 was imbued with the basic components of “J-nomics,” the signature economic agenda that Moon has espoused since his campaign for president. In a nutshell, this plan treats jobs not as the result of growth but rather as the requirement for growth and seeks to use job creation as the dynamo for growth.

Chinese company exported $790,000 worth of radio apparatus to North Korea

Report from US think tank finds that navigational apparatus can be used in guiding ballistic missiles

A Chinese company exported to North Korea a substantial amount of dual-use materials that could be used to produce weapons, according to a new report by an American think tank.

‘I’ll study harder in the next life’ - youth suicide spurs debate on unemployment

23-year-old jumped off a Han River bridge after failing to attend university and find stable employment

The suicide of a young unemployed South Korean is drawing attention after President Moon Jae-in mentioned it in his administrative policy speech on June 12 before the National Assembly.

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

Roh’s aide returns to unificationCho Myoung-gyon, a veteran North Korea policymaker who accompanied the late President Roh Moo-hyun during his one-on-one talk with the late North Korean leader Kim Jong-il in 2007, was nominated Tuesday to head the Ministry of Unification.

“President Moon Jae-in nominated four minister candidates,” said Park Soo-hyun, presidential spokesman. In addition to Cho, You Young-min, a software developer and a former head of POSCO Research Institute, was named to head the Ministry of Science…

Moon, Trump to hold summit on June 29-30

South Korean President Moon Jae-in will visit the United States later this month for a summit with his U.S. counterpart Donald Trump, Seoul's presidential office Cheong Wa Dae said Tuesday.

Moon will head to Washington on June 28 and hold talks with the U.S. president at the White House on June 29 and 30 (Washington time), according to Cheong Wa Dae.

Gov’t vows to control speculation on houses

Finance Minister Kim Dong-yeon cited an overheated housing market as a major source of concern and announced a crack down in his first meeting on Tuesday, intensifying President Moon Jae-in’s campaign to curb risks in the property market and growing household debt.

Kim, who doubled as deputy prime minister, said related government agencies have launched a monitoring team aimed at punishing speculative forces in the real estate market.

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

President Moon Tells Japanese Envoy, "We Need More Time with the Comfort Women Agreement"

On June 12, President Moon Jae-in said that South Korea and Japan both needed to face the fact that the South Korean people and the comfort women victims could not accept the comfort women agreement signed by the two countries and also to agree that we needed more time with this issue.

President Moon, "Hope South and North Korea, China and Japan Can Co-host the 2030 World Cup"

On June 12, President Moon Jae-in expressed his wishes for South and North Korea, China and Japan to co-host the 2030 World Cup to FIFA.

According to Cheong Wa Dae spokesperson Park Su-hyun this day, President Moon met with Gianni Infantino (photo), the president of FIFA and said, "If neighboring countries in Northeast Asia including South and North Korea could jointly host the 2030 World Cup, it would help create peace in Northeast Asia as well as peace on the Korean Peninsula." Moon said, "I hope such an opportunity will come in the 2030 World Cup. I ask that you take interest in this issue." Chung Mong-gyu, president of the Korea Football Association; Kim Su-hyun, Cheong Wa Dae senior secretary for social affairs; and Roh Tae-kang, second vice minister of culture, sports and tourism were also present this day.

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

"If Gov't Does Nothing about Youth Unemployment, It Will Develop into National Disaster"...President Moon

In an address delivered in the National Assembly on June 12, President Moon Jae-in stressed the urgency of the revised supplementary budget in order to create more jobs. Today's National Assembly address was made only 34 days after his inauguration, the fastest since 1987. This is the first time for a president to make a speech in relation to the revised supplementary budget.

Korea's Exports on the Verge of Downturn After Seven Months of Growth

Korea's exports are showing a sign of downturn after enjoying a robust growth for seven straight months.

During the first ten days of this month, the nation's exports registered a negative year to year growth of 12.2 percent.

Some analysts blamed the negative growth on the base effect resulting from the extraordinary surge in ship orders seen a year ago.

Despite the negative signal, however, it's unlikely that the nation's shipments would continue a downward movement, particularly given that the growth of its flagship export items such as semiconductors and petrochemical products remains strong.

Shipbuilding Stocks on a Smooth Ride Thanks to Market Recovery

Shipbuilding stocks shined in the Korean stock market although the overall KOSPI remained stagnant. Shipbuilding companies are on a smooth ride after a number of research reports claimed that the shipbuilding market is recovering with shipowners resuming offshore plant and tanker orders.

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

Mixed public reaction to Northeast Asia alliance for joint World Cup bid

There was a mixed public reaction in South Korea to President Moon Jae-in's idea of forming a regional alliance among Northeast Asian countries including North Korea to co-host the World Cup tournament in 2030.

At talks Monday with FIFA head Gianni Infantino, Moon suggested that regional peace would be enhanced if the two Koreas and neighboring countries co-host the 2030 World Cup.

Misfired homemade bomb brings out anti-terror commandos to college campus

Dozens of anti-terror commandoes and bomb disposal units were rushed to a university campus in Seoul to evacuate students and faculty members after a misfired homemade bomb was found in the lab of a professor.

The blast wounded a 47-year-old professor at Yonsei University's School of Mechanical Engineering, and police retrieved an improvised homemade explosive using a coffee tumbler and bolts because it did not go off well.

Suspected N. Korean drone accused of spying on US missile shield site

A suspected North Korean spy drone using a Sony camera took pictures of the site for a US missile shield in a remote rural area in South Korea before it was found last week to have crashed near the heavily guarded inter-Korean border, military authorities in Seoul said.

The drone, powered by two Chech-made engines, took hundreds of pictures as it flew at an altitude of up to three kilometers (1.8 miles) deep into South Korean territory, the South's defense ministry said. It was retrieved last Friday in the northeastern border town of Inje.

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

Woori Bank to take over stake in Aju Capital, Aju Savings Bank

South Korea’s Woori Bank that became fully privatized last year will acquire a major stake in Aju Capital Co. and Aju Savings Bank through a private equity fund as a part of its plan to become a holding entity.

Korean fin min warns of “broadest and toughest” crackdown on housing speculation

South Korea’s new finance minister Kim Dong-yeon who doubles as the deputy prime minister for economic affairs warned of strong crackdown on speculative activities upon signs of overheating in the real estate market and vowed “all possible policy” means to quench irregular activities.

Hyundai Motor unveils subcompact crossover Kona

Hyundai Motor Co. unveiled all-new subcompact crossover “Kona” on Tuesday, reinforcing its sport utility vehicle (SUV) fleet to boost its global presence by 2020.

Chung Euisun, vice chairman and the de facto heir to Hyundai Motor Group struggling with drooping sales at home and abroad, personally unveiled the automaker’s first subcompact SUV Kona at Hyundai Motor’s newly opened studio in Ilsan, Gyeonggi Province on Tuesday.

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What’s ticking around the world at this second?

See what the world media around the world have to report:

USA Today www.usatoday.com aallman@gannett.com

The New York Timeswww.nytimes.com inytletters@nytimes.com

Wall Street Journalwww.wsj.com support@wsj.com,service@wsj-asia.com

Financial Times www.ft.com ean@ft.com

The Timeswww.thetimes.co.uk help@timesplus.co.uk

The Sun www.thesun.co.uk talkback@the-sun.co.uk

Chinese People's Dailywww.people.com.cn kf@people.cn

China Dailywww.chinadaily.com.cn circulation@chinadaily.com.cn

GwangmyeongDailywww.gmw.cn webmaster@gmw.cn