The Korean daily media headlines and humor
Monday, July 3, 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
President Moon returns home after U.S. trip
President Moon Jae-in returned Sunday from the United States where he had a summit with U.S. President Donald Trump on North Korea, alliance and trade issues.
Upon arrival, he issued a statement to the nation stressing the summit has set the stage for South Korea to play a bigger role in resolving North Korea's nuclear issue diplomatically.
"Through this summit, the two countries agreed to achieve their common goal of the denuclearization of the Korean Peninsula in a peaceful manner," Moon said.
(For further details, visit: www.koreapost.com.)
What’s ticking in Korea today? Here is a quick roundup of important news stories from the major Korean news media today:
Moon Heads Home after First Trip to US
President Moon Jae-in is on his way home after his four-day trip to the United States. Moon departed from Andrews Air Force Base on the outskirts of Washington on Saturday afternoon on his presidential jet. During his first trip to the United States as a South Korean President, Moon held a summit with U.S. President Donald Trump and reaffirmed the solid alliance of the two nations, building personal trust and ties with Trump. The two leaders issued a joint statement after the summit covering six points, including the South Korea-U.S. alliance, cooperation on the North Korean issues, and pursuit of fair trade to promote economic growth.
N. Korean Ship Enters S. Korean Waters
A small North Korean boat carrying five sailors crossed the maritime border into South Korean waters in the East Sea Saturday. A government source in Seoul said that the boat was spotted in the waters off Gangneung near the Northern Limit Line in the East Sea Saturday evening and was guided southward by the Coast Guard. The coast guard is interviewing the five North Koreans, who have reportedly expressed their wish to defect to South Korea. The incident happened after South Korea rescued a North Korean boat carrying eight sailors drifting in the East Sea due to engine problems on June 23rd. The eight sailors were sent back to the North three days later, upon their request.
Japan Mulls Sanctions on Chinese Bank, Company Blackisted by US
Japan is considering sanctions against a Chinese bank and a company in line with the United States’ recent blacklisting of them due to their links with North Korea. Japan’s Yomiuri Shimbun daily on Saturday quoted multiple Japanese government officials as saying that Tokyo is mulling banning Japanese financial institutions from doing business with the Bank of Dandong and freezing assets of Chinese shipping firm Dalian Global Unity Shipping. Japan’s Sankei Shimbun daily also published a similar report, saying that the Japanese government will seek a revision to a related ordinance after reviewing legal issues on the move.
Former presidential candidate undergoes party probe over fake tip-off against Moon's son
Former presidential candidate Ahn Cheol-soo was questioned Sunday by his party's fact-finding team, which is looking into the party's fraudulent allegation about President Moon Jae-in's son during the election campaign earlier this year.
The in-house investigation team of the minor opposition People's Party said it spoke with Ahn for about 50 minutes in the afternoon.
"We will announce the result of our investigation into the affair including the interview with former chairman Ahn early this week," Rep. Kim Kwan-young, chief of the team, said in a statement.
N.K. paper condemns Seoul for 'yielding' to Washington amid summit
North Korea on Sunday condemned the South for what it called Seoul's "submission to the U.S.," as leaders of the two countries joined their voices last week in urging Pyongyang to give up its nuclear ambition. The Rodong Sinmun, the North's main newspaper, published a commentary that assessed Seoul's senior officials as having "revealed their miserable appearance seized with sycophancy and submission to the U.S. occasioned by the chief executive's first junket to the U.S.," referring to South Korean President Moon Jae-in's recent first trip to Washington.
S. Korea to look into U.S. intentions over free trade deal
South Korea will closely look into the U.S. intentions over their bilateral free trade deal, an official said Sunday, amid a controversy over the possible renegotiation of the pact. U.S. President Donald Trump said at the start of summit talks with his South Korean counterpart Moon Jae-in on Friday that Seoul and Washington "are renegotiating a trade deal right now." However, a joint statement issued after the summit said the two sides "further committed to foster a truly fair and level playing field" without mentioning the renegotiation of the trade deal.
The Korea Herald (http://www.koreaherald.com)
Emboldened Moon to spur NK dialogue, but challenges remain
President Moon Jae-in appears to have won his US counterpart Donald Trump’s fundamental support for his approach toward North Korea and a US missile shield during their first summit, but challenges persist over future dealings with the nuclear issue and trade, analysts said Sunday. During Moon’s visit last week, the two leaders were seen building personal rapport and reaffirming their commitment to the 60-year alliance. Seoul managed to keep at bay the controversy over its decision to freeze the deployment of the US’ Terminal High Altitude Area Defense system here, which observers had fretted may overshadow the meeting.
Moon returns from US to unfinished work
President Moon Jae-in wrapped up his maiden trip to the US as president on a high note and returned home Sunday. He lifted off from Joint Base Andrews in Washington at around 2:50 p.m., US time, and arrived in Seoul late in the evening. While meeting ethnic Koreans residing in the US, as part of his last official schedule before leaving, the president said his US visit had produced “very good results.” In their first meeting, he and US President Donald Trump have developed “trust and friendship” that should last for the several years of their term, he added.
FTA renegotiation issue remains open upon summit
South Korean President Moon Jae-in flew back to Seoul on Sunday with a reaffirmed US alliance and renewed momentum to resolve the North Korea impasse, but he left open the controversial issue of Washington’s push to renegotiate a bilateral free trade agreement. Upon their talks Friday, President Moon and his US counterpart Donald Trump each adopted different tones toward the Korea-US FTA, with Moon emphasizing their joint statement that did not include phrases regarding renegotiation and Trump stressing the creation of a “fair and reciprocal economic relationship.”
The Korea Times (http://www.koreatimes.co.kr)
Greater Trump trade pressure looming
resident Moon Jae-in returned home Sunday from his summit with U.S. President Donald Trump, securing support for his initiatives to resolve North Korean issues with dialogue in return for modifications in trade deals and a greater burden to keep American troops here. In their first meeting and summit in Washington, D.C., from Thursday to Friday, the two leaders seem to have built personal trust and friendship, which is important for them in seeking cooperation on various issues during what will almost be their whole terms in office.
Moon's next mission is to touch on Seoul-Beijing friction
After President Moon Jae-in wrapped up his first summit with U.S. President Donald Trump, attention is now turning to talks with Chinese President Xi Jinping. Moon and Xi are likely to hold bilateral talks on the sidelines of the G20 Summit scheduled for July 7 and 8 in Germany. If accomplished, this will be their first-ever dialogue since Moon's May 10 inauguration and could be an opportunity to improve strained bilateral relations, which mostly result from the ongoing deployment of a U.S. Terminal High Altitude Area Defense (THAAD) battery here.
hn Cheol-soo unaware of smear scheme: People's Party
The minor opposition People's Party has tentatively concluded that a smear campaign against President Moon Jae-in's son during the election campaign was done solely by party member Lee You-mi, according to the party's fact-finding team, Sunday. During questioning by an investigation team, former presidential candidate Ahn Cheol-soo denied any involvement in the case and said he only came to know about it recently. "Rep. Kim Kwan-young reported to me about his judgment as chief of the investigation team that it was a lone crime by Lee," Yonhap News Agency quoted Rep. Park Joo-sun, the interim leader of People's Party, as saying.
Real meaning behind Trump’s comment on renegotiating FTA
After leaders of South Korea and the U.S. announced the joint statement following the summit, the two countries have different views on the renegotiation of FTA. The presidential office Cheong Wa Dae refuted that the leaders of the two countries have never agreed on the renegotiation. However, the White House showed its intention to prepare for the renegotiation. According to the joint statement issued on last Friday (local time), the two nations committed to foster balanced trade while creating reciprocal benefits and fair treatment. However, Trump insisted that U.S. automobiles should be sold in Korea and asked South Korea not to allow Chinese steel dumping. He mentioned that the automobile and steel industries are main examples of unfair trade.
5 N. Koreans defected by small boat via the East Sea
With a flurry of North Koreans having defected to South Korea in recent months, five North Koreans crossed the Northern Limit Line by a small fishing boat in the East Sea and expressed intentions to defect to the South on Saturday.
“We have spotted a small fishing boat carrying five North Koreans around 6:30 p.m. on Saturday, and all of them expressed intention to defect to the South,” the (South) Korea Coast Guard said. “The boat was not seen floating without power due to a broken engine or bad weather when it was spotted.”
Xi Jinping warns Hong Kong protesters of 'challenge against Beijing'
“Any attempt to use Hong Kong to carry out infiltration and sabotage activities against the mainland is an act that crosses the red line and will not be tolerated.”
Chinese President Xi Jinping gave this warning against demand for independence made by some Hong Kong residents at the swearing in of Ms. Carrie Lam as the new chief executive of the territory, which also commemorated the 20th anniversary of Hong Kong’s handover to China from the U.K., at the WanChai Convention Center on Saturday. In his 31-minute speech, Xi mentioned "one country, two systems" 24 times.
Ex-Cheong Wa Dae Security Staffer Sentenced to 1 Year in Prison
Former Cheong Wa Dae security staffer Lee Young-sun was sentenced to one year in prison on Wednesday for habitually smuggling cronies and quack doctors of ex-President Park Geun-hye into the presidential office. The Seoul Central District Court also convicted Lee (38) of providing Park and her secret confidante Choi Soon-sil with mobile phones registered in other people's names, which is illegal in Korea, and for refusing three summonses to testify in a National Assembly hearing on the corruption scandal that brought Park down.
New Highway to Slash Driving Time to East Coast
A new highway that links Seoul to Yangyang in Gangwon Province opened on Friday, reducing driving time from the capital to East Coast to just 90 minutes. Construction began in 2004, with a 78.5-km section linking Seoul and East Hongcheon opening in 2009. It reduces the road distance between Seoul and Yangyang from 175.4 km to 150.2 km, while the time it takes to reach the eastern coastal city from the capital has decreased from 2 hours and 10 minutes to an hour and a half.
Japanese Encephalitis Warning Issued
An early alert for Japanese encephalitis has been issued across the country, about two weeks earlier than last year.
"We issued the alert based on the population density of culex tritaeniorhynchus mosquitoes collected in Busan," the Korea Centers for Disease Control and Prevention said Thursday. The alert is issued when the number of these mosquitoes collected is more than 500 on average per day and they take up over 50 percent of all mosquitoes collected. The population density has not exceeded 50 percent in any other region yet.
At first summit, Moon and Trump agree alliance should be basis for solving N. Korea nuke issue
During the South Korea-US summit on June 30, South Korean President Moon Jae-in and US President Donald Trump agreed that a strong alliance between South Korea and the US should be the basis for solving the North Korean nuclear issue and for peace and economic prosperity on the Korean Peninsula. The two leaders also agreed to keep discussing urgent economic issues such as renegotiating the South Korea-US Free Trade Agreement (KORUS FTA).
During a joint statement released after their first summit meeting at the White House in Washington on the morning of June 30, Moon and Trump emphasized “the exemplary nature of the US-ROK Alliance” and “pledged to build an even greater Alliance.”
US steps up pressure on China by designating Dandong Bank a money laundering concern
The Donald Trump administration’s designation of China’s Dandong Bank as a “primary money-laundering concern” appears intended to pressure Beijing into a summit to be held at next week’s G-20 summit. Coming after China’s recent downgraded listing as one of the world’s human trafficking offenders, the move appeared aimed at securing an advantage in talks with Beijing on the North Korean nuclear program and trade issues. To begin with, signs of a blinking contest between the two sides were apparent in the US Treasury Department’s decision to designate Dandong Bank as a money laundering concern.
In US Congress, Pres. Moon highlights democratic values of alliance with US
During meetings with the leaders of both houses of US Congress on June 29, South Korean President Moon Jae-in highlighted the “democracy that the South Korea-US alliance had planted in South Korea” while focusing on dispelling concerns felt by some Americans about his new administration. The meetings proceeded in a combative manner as members of Congress voiced their frustration about the North Korean nuclear threat and the role of China and intimated their doubts about Moon’s policy toward North Korea.
During Moon’s meeting with the leadership of the House of Representatives, which was held at the Capitol that morning, the first salvo was fired by Speaker of the House Paul Ryan. After saying that the THAAD missile defense system was necessary for the defense of the people of both countries and was an important tool for security, Ryan asked Moon about his opinion on the issue.
Moon-Trump summit is positive
President Moon Jae-in managed to convince U.S. President Donald Trump that South Korea will take the lead on security affairs concerning the two Koreas, but the two leaders clashed on trade and Seoul’s contribution to the costs of American troops in Korea. Moon and Trump sat down for their first summit at the White House on Friday to discuss a range of issues including the South Korea-U.S. alliance, joint efforts to end North Korea’s nuclear arms program and bilateral trade. A six-point joint statement was issued after the summit and a joint press conference.
People’s Party grills Ahn over smear in campaign
Scrambling to contain the fallout from its biggest political crisis, the People’s Party on Sunday questioned Ahn Cheol-soo, the party’s former presidential candidate, on his possible role in a phony audio tape scandal that has rocked the party. As of press time Sunday, the party of 40 lawmakers had yet to make public any details of the face-to-face questioning - including its time and location - of the man who practically founded the party early last year. The party’s move on Sunday illustrated a deepening sense of crisis among its lawmakers - the third largest group in the legislature - as the scandal over a fake audio tape used to smear the candidacy of Moon Jae-in dominated the news last week and sent its approval ratings to rock bottom.
Exports bolster hopes of good growth in 2017
Korea’s exports continued to thrive in June. But the momentum could be undercut by the growing pressure Korea is feeling from U.S. President Donald Trump, who is insisting on a renegotiation of the free trade agreement between the two countries. According to the Ministry of Trade Industry and Energy, Korea’s exports last month hit $51.4 billion, the second highest monthly figure ever, posting double-digit year-on-year growth for the sixth consecutive month. In June, exports rose 13.7 percent compared to a year earlier.
Foreigners investment in first half most since 2009
Foreign investors net bought the largest amount of Korean stocks during the first six months this year since 2009, industry data showed Sunday, amid a strong corporate earnings outlook and expectations of the global economic recovery. Foreigners net purchased 10.29 trillion won ($8.89 billion) worth of stocks during the January-June period, with the total breaking down to 9.24 trillion won for the Kospi main bourse and 1.99 trillion won for the tech-heavy Kosdaq market, according to the data by the Korea Exchange. Institutions and individual investors net sold 10.1 trillion won and 2.2 trillion won, respectively.
The KyungHyangShinmoon (http://english.khan.co.kr/)
Moon Jae-in Government Makes It Official, More Taxes for the Rich, Less Taxes for the Ordinary Citizen
The Moon Jae-in government officially announced plans to raise taxes for rich people and to lower taxes for ordinary citizens stating that it would strengthen the income redistribution function of taxes. However, the government will promote key tax reforms, such as increasing the corporate tax and real estate holding tax and reforming the energy tax in several stages next year. In a briefing on June 29, Park Kwang-on, spokesperson for the National Planning Advisory Council said, “The new government‘s tax reforms will focus on strengthening the wealth redistribution function of taxes by realizing just taxes, such as normalizing the tax system, which has been distorted due to policies that provided the rich with tax cuts in the past.”
Gimjae Spy Family Case: Defendants Acquitted in a Retrial 34 Years Later
We ask your forgiveness for the mistake that the country has made. We find the defendants not guilty.” As soon as the judge announced the ruling, the bereaved family of the people involved in the “Gimjae spy family case” sitting in the audience burst into a teary applause. Thirty-four years after the defendants were convicted in the original trial, the court acquitted the defendants in a retrial, but none of the defendants were present in the courtroom this day. They had all died because of this incident.
Using Pyeongchang to Open the Door to Inter-Korean Relations
The Moon Jae-in government suggested forming a single team to represent both North and South Korea at the Pyeongchang Winter Olympics next February and to have the athletes of both Koreas enter at the same time during the official ceremonies, revealing its willingness to use sports exchanges as an opportunity to improve inter-Korean relations. The government seems to be approaching inter-Korean relations from a field that is relatively free from the international pressure on North Korea, with less political color. On June 24, President Moon Jae-in attended the opening ceremony of the World Taekwondo Championships organized by the World Taekwondo Federation in Muju, Jeollabuk-do and said, “I wish to witness once again at the Pyeongchang Winter Olympic Games the glory of the 1991 World Table Tennis Championships and the FIFA World Youth Championship, when North and South Korea formed a single team for the first time achieving the best results.”
The Korea Economic Daily (http://english.hankyung.com/)
FDI in Korea Remains Stagnant for Several Years
Foreign direct investment in Korea has remained stagnant for several years. Such investment in Korea amounted to US$10.4 billion last year, down about 40 percent from a year ago, returning back to the level seen in 2012 ($10.7 billion). For the January-March period of this year, FDI in Korea stood at $3.85 billion, down 9.2 percent from $4.24 billion a year before. Investment from the United States and Europe fell 33.5 percent and 50.3 percent, respectively, year on year.
Korean Exports Hit Second Record High in June
Korea's exports hit second record high in June 2017, thanks to the record-breaking shipments of the nation's flagship items such as semiconductors and ships. The Ministry of Trade, Industry and Energy announced on July 1 that the nation's exports amounted to US$51.4 billion last month, up 13.7 percent from a year ago. This figure is the second highest monthly result in the nation's history behind $51.6 billion set in October 2014. The country's shipments have sustained a double-digit growth for six straight months starting from January 2017 and maintained a positive year-to-year growth for eight consecutive months starting from November 2016.
Gov't to Collect More Taxes from the Rich While Giving Breaks to the Rest
The Moon Jae-in government has made official its plan to collect more taxes from the rich while offering more tax cuts for the rest. The State Affairs Planning Advisory Committee announced on June 29 a tax reform blueprint for the new administration. Park Gwang-on, spokesperson of the committee, said, "The main theme of the new government's tax reform plan is to rectify the current tax scheme distorted by previous administrations by giving too much tax cuts to the rich and large corporations."
"To this end, the reform measures would be in ways to give reliefs to self-employed small businesspeople and low-income families while raising tax rates to big business, large shareholders, high-income earners, and high-wealth owners," he added.
AJU Business Daily (http://eng.ajunews.com/korea)
Labor group stages first major strike to demand quick government payback
Tens of thousands of striking workers demonstrated in central Seoul, demanding a quick payback from South Korean President Moon Jae-in in return for supporting his election victory. They occupied a plaza, not far away from the presidential Blue House, for a noisy rally led by more than 15,000 contract-based caregivers, cleaners, cafeteria staffs and other temporary workers who walked off their jobs at thousands of schools. The plaza has been the site of anti-government candle-lit protests against ex-president Park Geun-hye who was finally expelled and jailed for her alleged role in a corruption scandal involving her crony.
Pyongyang wants Park's death for plotting Kim's assassination
In an unusual and bizarre demand that coincided with President Moon Jae-in's US trip, Pyongyang demanded the handover of South Korea's jailed ex-president and her former spy chief for capital punishment, insisting they deserved "death by dismemberment" for plotting to assassinate the North's leader. The demand was contained in a joint statement issued Wednesday by North Korea's three state bodies -- the Ministry of State Security, the Ministry of People's Security and the Central Public Prosecutors Office -- through Pyongyang's official KCNA news agency. They accused ex-president Park Geun-hye, who is on trial in Seoul for her role in a corruption scandal, and former National Intelligence Service (NIS) Director Lee Byung-ho of plotting a "hideous state-sponsored" crime to assassinate North Korean leader Kim Jong-un.
Trump supports Moon's initiative to resume dialogue with N. Korea
US President Donald Trump expressed support for South Korean President Moon Jae-in's policy to resume dialogue with North Korea in a joint statement released after their summit at the White House. "President Trump supported President Moon's aspiration to restart inter-Korean dialogue on issues including humanitarian affairs," they said in the six-point statement. They emphasized the two countries do not maintain a hostile policy toward North Korea and that the door to dialogue "remains open under the right circumstances." Moon earlier said talks can be resumed if the North freezes its nuclear and missile activities.
Maeil Business News Korea (http://www.pulsenews.co.kr/)
Samsung Electronics unveils Chef Collection targeting U.S. built-in market
South Korean electronics behemoth Samsung Electronics Co.’s quest to establish a solid footing in the premium built-in home appliance market in the United States continues, with its new Chef Collection built-in lineup unveiled at the Pacific Coast Builders Conference (PCBC), a leading homebuilding tradeshow in San Diego, the United States, on Wednesday (local time). The Chef Collection features 10 luxury kitchen appliances including a four-door French door refrigerator with a compartment that can easily turn from a fridge to a freezer; a wall oven with a steamer function that can be split into two to create independent oven spaces allowing more efficient cooking; a range with a high gas flame cooktop; and the WaterWall dishwasher that delivers streaming wall of water for cleaning.
Korean president backs Trump’s “powerful” diplomacy to solve N.K. nuke
South Korean President Moon Jae-in expressed confidence in “powerful diplomacy” of his U.S. counterpart Donald Trump in making headway in the North Korean nuclear conundrum during his visit to the White House. Moon on Thursday began a two-day summit schedule in Washington with a dinner banquet thrown by the hosts of White House. “I as a Korean am hopeful from the fact that President Trump has placed North Korean nuclear problem as top priority,” Moon said during the dinner, according to an aide of the Blue House.
Korea’s factory output up 0.2% in May on sluggish domestic demand
South Korea’s factory output recovered at modest pace in May primarily led by mainstay exports, while domestic demand stayed sluggish, government data showed. ccording to Statistics Korea on Friday, seasonally adjusted mining and manufacturing output in May added 0.2 percent on month after 2.2 percent contraction in April. Against the same period in 2016, it was up 0.1 percent. Manufacturing activity was driven largely by 9.1 percent on-month gain in semiconductor and 4.7 percent in electronics demand from overseas.
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