The Korean daily media headlines and humor
Tuesday, June 27, 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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Korea Post Media
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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:
Moon to Emphasize Bilateral Alliance during First US Trip
President Moon Jae-in will pay respects at a memorial commemorating the Changjin Lake Campaign during the Korean War on his first visit to the U.S. on Wednesday. Presidential chief national security adviser Chung Eui-yong said in a press briefing on Monday that Moon will begin his itinerary by placing a wreath at the memorial at the National Museum of the Marine Corps in Quantico, Virginia. The campaign, more commonly known as the Battle of Chosin Reservoir, was one of the fiercest conflicts during the Korean War. It also enabled the evacuation of some 90-thousand civilians, including Moon's parents from Hungnam, North Korea, to the South. Chung said the itinerary is related to the president's personal history and will also emphasize the Seoul-Washington alliance.
Rival Parties Agree to Hold Extraordinary Parliamentary Session in July
The floor leaders of the four major parties agreed to hold an extraordinary parliamentary session in July. The ruling Democratic Party, the largest opposition Liberty Korea Party(LKP), the People’s Party and the Bareun Party made the agreement on Monday. The floor leaders also agreed to discuss the government reorganization bill at standing committee meetings. However, they failed to reach an agreement on passing the supplementary budget proposal as the LKP continues to oppose the plan.
'KORUS FTA Likely to be Updated, not Completely Overhauled'
The Washington office of the Korea Trade-Investment Promotion Agency(KOTRA) has surmised that if the U.S. launches a renegotiation of the South Korea-U.S. free trade agreement(KORUS FTA), it is likely to be an update rather than a complete overhaul. In a report released on Monday, the KOTRA office said the KORUS FTA is expected to proceed in a similar way to the North American Free Trade Agreement(NAFTA). The office said that a renegotiation is likely to address insufficient progress in some sectors and add new clauses on digital trade and banning currency manipulation.
Ex-Congressman Honda receives S. Korean state medal for efforts to help 'comfort women'
Former U.S. Congressman Mike Honda was awarded a state medal from South Korea's government Monday for his efforts to help improve Korea-U.S. relations and heal the wounds of Korean victims of Japan's wartime sexual slavery. Honda, who served as a House member representing California from 2001 to 2017, received the Gwanghwa Medal of the Order of Diplomatic Service Merit from South Korean Ambassador Ahn Ho-young in a ceremony at the ambassador's residence. The medal is the highest honor in the Order of Diplomatic Service Merit. Honda said it was a great honor to receive the medal and he will continue his efforts to help sexual slavery victims receive an official and unequivocal apology from Japan's government.
Top court upholds ex-ambassador's appeal on dismissal from post
South Korea's top court upheld Monday an appeal by a former energy ambassador against the foreign ministry's decision to dismiss him from office over a stock-price rigging scandal, of which he was later acquitted. Kim Eun-seok, former energy and resources ambassador under the Lee Myung-bak government, was indicted in 2013 on charges of manipulating the stock prices of a mine developer that had worked on a diamond mining project in Cameroon.
S. Korea ranks No. 1 in online grocery shopping
South Korea ranked No. 1 in terms of e-commence for grocery shopping, far outpacing other major developed countries, an industry report showed Tuesday. According to the report by industry tracker, Kantar Worldpanel, the percentage of fast-moving consumer goods (FMCG) shopping via online and mobile channels out of all purchases in South Korea between June 2015 and June 2016 came to 16.6 percent.
FMCG refers to goods such as soft drinks, toiletries, over-the-counter drugs, processed foods and many other consumables. Japan came in second with 7.2 percent, followed by the United Kingdom with 6.9 percent, France with 5.3 percent and Taiwan with 5.2 percent, the report showed.
The Korea Herald (http://www.koreaherald.com)
Korea-US summit will focus on reaffirming alliance
President Moon Jae-in on Monday said that his priority in the upcoming Korea-US summit is to reconfirm the bilateral alliance in general, not to discuss the disputed Terminal High Altitude Area Defense issue in detail. The South Korean state chief thereby drew a line to the burgeoning calls, especially from the US political circles, to swiftly fix the timeline for the full deployment of THAAD on the Korean Peninsula.
“President Moon said that in the upcoming summit, he shall not cling to the outcome of individual agendas but rather focus on building up friendship and trust with President Donald Trump,” said Cheong Wa Dae spokesperson Park Soo-hyun in a briefing.
Japanese man confesses to damaging epitaph on Korean victims
A Japanese man on Monday confessed to damaging a epitaph at a national cemetery for Korean victims of forced labor under Japan's colonial rule, "to correct historical facts," police said. Shigeharu Oku, a 69-year-old former member of the Japan Self-Defense Forces, made the confession two days after he was arrested upon arriving at Incheon airport, west of Seoul, from Japan, on suspicion of damaging the epitaph for the victims at the Manghyang Cemetery in the city of Cheonan, south of Seoul. The epitaph, which was erected by former soldier Seiji Yoshida in 1983, said Yoshida erected the memorial in order to "express regret for his past conduct" and to "apologize" to the people of Korea who had been conscripted during Japan's war of aggression.
Ex-US spy chief calls for diplomatic mission in return for halt in NK tests
With North Korea bent on pursuing its nuclear program, Washington needs to offer setting up diplomatic representation in each other’s country and demand a halt in Pyongyang’s nuclear and missile tests in return, former US Director of National Intelligence James Clapper said Monday. Clapper, who served as the spy chief for 6 1/2 years through November last year, voiced the need for an “alternative approach” to break the drawn-out deadlock on the North’s nuclear issues, referring to the “interest section” the US ran within the Swiss Embassy in Cuba for nearly four decades until it opened its own embassy in July 2015.
The Korea Times (http://www.koreatimes.co.kr)
Moon names new justice minister nominee following withdrawal of earlier pick
President Moon Jae-in named a new nominee for justice minister Tuesday, nearly two weeks after his first choice withdrew over ethical issues that included a fraudulent marriage registration decades earlier.
The president tapped Park Sang-ki, a professor from Seoul's Yonsei University, as his new justice minister. Park, 64, also heads the Citizens' Coalition for Economic Justice, one of the most active and liberal civic organizations that advocates for economic justice based on the fair distribution of income. Park's designation came 11 days after Ahn Kyong-whan withdrew from his nomination over a series of ethical issues, including his previous writings that many believe reflected his biased view on women and gender equality.
US solider accused of rape in Gangnam
An American soldier faces a charge for sexual assault, the Gangnam Police Station said Monday. The soldier, part of the United States Forces Korea stationed at Osan Air Base in Gyeonggi Province, allegedly raped a woman after taking her to a hotel at 7:30 a.m. near a club where they met in Gangnam, April 1. According to police, the woman had been intoxicated when she was taken to the hotel and then raped. She reported the incident to the police the same day, claiming she believed she was raped.
Korean falls to death in elevator shaft in Bangkok
A South Korean man has fallen to his death down an elevator shaft at a 20-storey condominium in Bangkok after a severe quarrel with his girlfriend, according to local media. Bangkok Post reported Monday his naked body was found at the bottom of a lift well at Aspire condominium on Sukhumivit soi 48 on Monday morning. Local police reportedly said he was a 33-year-old South Korean tourist. The couple reportedly stayed in the room of their Korean friend on the 8th floor during their vacation there.
U.S. senators urge solutions for early THAAD deployment
Ahead of the upcoming Seoul-Washington summit, U.S. Senators have urged President Donald Trump to seek early full deployment of the Terminal High Altitude Area Defense anti-missile system in South Korea.Nineteen senators including Republican Senator Cory Scott Gardner, and Democrat Senator Robert Menendez of the Senate Foreign Relations Committee, former U.S. Republican presidential candidates Ted Cruz and Marco Rubio sent an open letter to President Trump to make the suggestion on Friday (local time).
Gingrich’s book gives tips on how to deal with Pres. Trump
The book "Understanding Trump" authored by former House Speaker Newt Gingrich, an avid supporter of President Trump and his de facto spokesman during the last U.S, presidential election, is gaining attention in U.S. political circles. When the book was published on June 13, U.S. media outlets including CNN, ABC, and Fox News said, “The book contains a lot of information that is worth careful reading with ‘open mindedness’ if you want to understand who President Trump is.” “Holding talks with President Trump reminds me of former President Bill Clinton (Hillary Clinton’s husband).
Korea’s modern history to be included in AP World History course
Starting from the upcoming autumn semester, American high school students will learn about the "Miracle of the Han River. " and "Success story of the Samsung Galaxy smartphones" as Korean modern history will be incorporated in the Advanced Placement (AP) World History curriculum. Han Jong-woo, chairman of the Korean War Veterans Digital Memorial, said on Sunday (local time) that the College Board recently convened a board meeting and decided to accept the proposal from the World History Digital Education Foundation to include Korea’s modern history in the academic curriculum of American high schools.
U.S. Senators Urge Trump to Speed up THAAD Deployment
A bipartisan group of U.S. senators has written to President Donald Trump urging him to use his meeting with his South Korean counterpart Moon Jae-in to speed up the full deployment of a Terminal High-Altitude Area Defense battery here. Eighteen senators led by Republican Cory Gardner and Democrat Bob Menendez made the request in a letter to Trump on Friday. Signatories include Ted Cruz and Marco Rubio, who lost out to Trump in the Republican presidential nomination. They said that 36,574 American soldiers died defending the U.S.-South Korean alliance and 28,500 U.S. troops are stationed in the South to defend it against a North Korean invasion.
IOC Open to Using N. Korean Ski Resort for Winter Olympics
The International Olympic Committee on Friday expressed interest in a proposal from Sports Minister Do Jong-hwan to use North Korea's Masikryong Ski Resort as a venue for the 2018 Winter Olympics.
"We are happy to discuss his ideas. The Olympic movement is always about building bridges, never about erecting walls," the BBC quoted an IOC spokesperson as saying. During a visit to Pyeongchang last week, Do said North Korea's participation should help promote inter-Korean peace. "Hopefully we'll be able to ease lingering tensions as we bring North Korea on board," he said. "North Korea says the Masikryong Ski Resort was built according to global standards and I intend to discuss this" with North Korean IOC member Chang Ung.
U.S. High School Texts to Teach Korea's Rapid Development
U.S. history texts will include new chapters about Korea's modern history, focusing on the country's rapid economic development from the ashes of the 1950-53 Korean War. The World History Digital Education Foundation said Sunday that the U.S. College Board in a board meeting recently accepted the foundation's proposal to include the "miracle on the Han River" in high school history texts. WHDEF teamed up with the U.S. National Council for Social Studies to prepare the content. The NCSS has 110 regional committees in the U.S. as well as members in 69 countries around the world.
Upcoming S. Korea-US summit first hurdle to address N. Korean nukes
President Moon Jae-in’s repeated emphasis on resolving the North Korean nuclear issue and improving relations with Pyongyang in recent interviews with the US media ahead of his June 29 summit with US President Donald Trump are focusing attention on the summit discussions that represent the first hurdle in achieving the two aims. A list of agenda items for the summit announced by the Blue House on June 14 included both “joint ideas for a fundamental resolution to the North Korean nuclear issue” and “achieving peace on the Korean Peninsula.”
Will South and North Korea field unified team at Pyeongchang Olympics?
uring the opening ceremony of the World Taekwondo Championships in Muju, North Jeolla Province, on June 24, President Moon Jae-in proposed sending a unified Korean team to the Pyeongchang Winter Olympics next year. The proposal appears to be an attempt to use sports, a non-political issue, to open up inter-Korean relations, which have been strained despite the appearance of a new South Korean administration. It remains to be seen whether the door to dialogue will open, depending on how North Korea responds and on whether a unified team takes shape. Moon’s proposal for a unified team was made at a time when there is an urgent need for someone to prime the pump for inter-Korean dialogue and cooperation. Even since Moon’s inauguration as president on May 10, North and South Korea have remained unable to move any closer to dialogue.
North Korea says its nukes are “not for negotiation”
North Korea declared on the 67th anniversary of the Korean War’s outbreak that its “defensive nuclear deterrent” was “not for negotiation.” The Rodong Sinmun, the newspaper of the Korean Workers’ Party, wrote in a front-page editorial on June 25 that North Korea must “unwaveringly see through the party’s strategic course of combining economic development with nuclear weapon development.”
“Our defensive nuclear deterrent is not any matter for negotiation,” the piece said, adding that US and South Korean authorities “must give up their foolish ambitions for the North’s abandonment of nuclear capabilities.”
Top envoy dismisses jitters about summit
Trying to dismiss worries that Presidents Moon Jae-in and Donald Trump may disagree on several major issues in their upcoming summit, South Korea’s Foreign Affairs Minister Kang Kyung-wha said Monday that the so-called environment impact assessment of the Terminal High Altitude Area Defense (Thaad) antimissile shield, which will delay full deployment, was not a sign that Seoul would cancel or reverse the agreement to deploy the system. Kang stressed that the assessment was an issue of “domestic due process” and that the democratic and procedural legitimacy obtained by it will solidify public support for the Thaad battery’s deployment - leading to a strengthened U.S.-South Korean alliance.
Blue House says alliance will be reinforced by two leaders
Building friendship and trust with U.S. President Donald Trump, reaffirming the shared vision of the Korea-U.S. alliance and finding a joint resolution to North Korea’s nuclear and missile threats are the top priorities for President Moon Jae-in’s trip to the United States, the Blue House said Monday. “We hope the trip will be an opportunity for the two leaders to build friendship and trust in order to establish a close consultation system for the next five years for frequent phone conversations, presidential visits to each other’s country and multilateral meetings,” said Chung Eui-yong, head of the National Security Office of the presidential office. “Based on such a close consultation system, we want to have specific discussions on policies in the future.”
Seoul will import U.S. shale to offset trade deficit
While the Donald Trump administration continues to express concern over its goods trade deficit with Korea, Seoul will officially import U.S. shale gas for the first time starting next month. According to Korea Gas Corporation (Kogas) on Monday, it will import 2.8 million tons of shale gas annually, which is worth about $1 billion, for 20 years. Kogas said it held the reception ceremony for importing U.S. liquefied natural gas with Cheniere Energy at Sabine Pass LNG terminal in Louisiana on Sunday, local time.
The KyungHyangShinmoon (http://english.khan.co.kr/)
Concerns of Conflicts Between South Korea and the U.S. Shake South Korean Government's Plans Against North Korea's Nuclear Program
The Moon Jae-in government's plans on North Korea's nuclear program are shaking from the start due to excessive concerns of conflicts with the U.S. and due to opposition from the conservatives. Some question whether the government will be able to properly discuss its two-step approach, from freezing current developments to discussions on denuclearization, with the U.S. In an interview with CBS, a U.S. broadcasting company on June 20, President Moon said that he had never mentioned scaling back the ROK-US joint military exercises during his election campaign. His words aimed to weaken the impact of the "Washington statement" made by his special adviser for unification, foreign affairs and security Moon Chung-in, a professor at Yonsei University.
"Neglected Procedures While Rushing the Placement of the THAAD System" President Moon Questions the Legitimacy of the Missile System
In an interview with Reuters, a British news agency, on June 22, President Moon Jae-in released the details of how the previous government rushed to place the Terminal High Altitude Area Defense (THAAD) system sooner than planned and raised an issue with the procedures. He also demanded that China withdraw the measures taken in retaliation against the placement of the THAAD missiles. It appears the president is struggling to find a solution to the THAAD issue between the U.S. and China.
Freezing Nuclear Developments and Denuclearization
President Moon Jae-in personally shared his plans to resolve issues with North Korea including its nuclear program, for the first time in interviews with the U.S. media, such as CBS and the Washington Post released on June 21. And now all eyes are on the bilateral discussions at the South Korea-U.S. summit scheduled in Washington D.C. on June 29. Whether or not the Moon Jae-in government will be able to form a consensus with the Donald Trump administration on the direction for resolving North Korea‘s nuclear issue is expected to be the key topic at the upcoming summit.
The Korea Economic Daily (http://english.hankyung.com/)
Diesel Price May Rise Soon to a Level Similar to That of Gasoline
In relation to energy tax reform measures to deal with the fine dust problem, all reports prepared by state-run policy think tanks pointed to raising taxes on diesel fuel. As a result, it is highly likely that the current level of diesel price which is about 85 percent of that of gasoline will rise at least to 90 percent. According to sources from energy ministries and state-run research institutes on June 25, the Korea Institute of Public Finance will hold a public hearing on ways to adjusting relative prices of fuels on July 4. At the public hearing, researchers from the Korea Energy Economics Institute, the Korea Environment Institute, and the Korea Transport Institute will make presentations on energy tax reform proposals.
Hyundai Motor Loses 2,000 Bus Orders Due to Union Opposition
Hyundai Motor is at risk of losing business to foreign commercial car manufacturers due to opposition by the union even though it had received orders worth eight months for city buses. Already, domestic bus companies and local government agencies are cancelling their orders in droves. According to the Ministry of Land, Infrastructure, and Transportation on June 25, the nation's new city bus market is estimated at 5,700 units, up about 30 percent from last year's 4,342. That's because more new buses will be needed in time for the nine-year replacement cycle while bus service operators are increasing their orders for compressed natural gas-fueled buses.
LG Innotek Set to Mass-produce Flexible PCBs from Next Year
LG Innotek is set to kick-start the mass production of flexible printed circuit boards for smartphones from next year. With this move to become a flexible PCB supplier for Apple's iPhone, LG Innotek would pose a challenge to Samsung Electro-Mechanics which has already accumulated know-how in this area. According to industry sources on June 25, LG Innotek has almost completed the development of flexible PCBs and would likely to break the ground for related facilities in the latter half of this year. LG Innotek aims to become a main flexible PCB supplier for Apple and LG Electronics.
AJU Business Daily (http://eng.ajunews.com/korea)
Pizza group MPK chairman resigns to face investigation by prosecutors
The founder of South Korea's major pizza chain, Mr. Pizza Korea (MPK) Group, apologized and resigned as group chairman to face an investigation by state prosecutors into alleged illegal business activities.
MPK Group chairman Jung Woo-hyun, 69, became the first business chief to go since South Korea's new President Moon Jae-in took office on May 9 with a pledge to eradicate unfair business practices and stop big companies or family-run conglomerates known as chaebol from abusing their dominant power.
Search portal Naver forges alliance with Mirae Asset for digital banking
South Korea's largest search portal Naver forged a strategic alliance with the securities arm of Mirae Asset Financial Group, a leading asset manager, to launch a joint project for digital banking service at home and abroad. The combination of Naver's platform and Mirae's expertise in financial service is seen as a game changer in the competitive financial market which has been moving fast to online banking. The two companies agreed to team up for artificial intelligence related to digital banking and investment in high-tech start-ups.
Rich kid and Homeless activist join hands to begin Sharing-Wealth Movement
Sharing economy is on the rise and now there is a duo, Iris Brilliant and Lisa Gray-Garcia, that is trying to start a new sharing are trying to start a new sharing movement in San Francisco Bay Area, California.
Iris Brilliant is a daughter of a distinguished physician. The 29-year-old grew up with the privileges, safety, and comfort came from an affluent Marin County family. However, Brilliant started to be drawn to the broken dynamic and issues from the current socioeconomic reality. She joined a national nonprofit organization, Resource Generation, to take a step further to transform the society to "redistribute" the wealth, land, and power.
Maeil Business News Korea (http://www.pulsenews.co.kr/)
Shinhan Financial partners with Amazon.com to expand fintech business
South Korea’s top Shinhan Financial Group is teaming up with Amazon.com Inc. for leadership in the burgeoning financial technology sector and its goal of becoming an Asian financial leader by 2020.
According to multiple sources from the financial industry on Monday, Cho Yong-byoung, chairman and chief executive of Shinhan Financial Group, will leave for the United States as early as Wednesday to hold an investor relations (IR) conference inviting local institutional investors and also visit the Amazon.com headquarters in Seattle to sign a business agreement in the financial technology, or fintech, sector. The upcoming agreement will include partnership between the two parties in the overall fintech business and also tying up with Amazon Pay, an online payments platform operated by Amazon.com.
Korea govt also could clamp down on Google and Facebook, FTC chief
South Korea’s antitrust agency could join the regulatory movements around the world aimed at clamping down on Google and other multinational technology giants in their alleged abuse of market predominance and free-riding on near-monopoly status, according to new chief of Fair Trade Commission (FTC) Kim Sang-jo. “These companies have proliferated and earned money through the infrastructure financed by Korean taxpayers. Yet they dominate the online platforms without any cost,” Kim said in an interview with Yonhap News Agency.
Samsung’s adalimumab biosimilar closer to European approval
The Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) has adopted a positive opinion on Imraldi (adalimumab), an investigational biosimilar drug of Samsung Bioepis, the South Korean biopharmaceutical company announced last Saturday. The CHMP recommendation will now be reviewed by the European Commission (EC), which holds the authority to approve medicines for the European Union (EU). The EC typically follows the CHMP recommendation and issues an approval decision within two to three months.
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