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The Korean daily media headlines and humor

The Korean daily media headlines and humor

Monday, July 24 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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Cartoon by Kim Yong-min, The KyungHyang Shinmun

(Korean-language daily newspaper), dated July 24 2017

Left picture: A Provincial Assembly member, who called his provincial people ‘lemming,’ looks down on the people

Of his electoral district without a sign of concern. Down below the plane, people are working hard removing the debris of the flood damanges.

Right picture: An old man (representing 26 Democratic Party assemblymen) on board a plane similarly turning a blind to the National Assebmly in trouble trying to pass a supplementary budget bill needed to provide jobs for the unemployed people. The man on the plane says, “I told you I am on a business trip.”

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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/)

Another Victim of Japan's Wartime Sex Slavery Dies

Another elderly victim of Japan’s wartime sex slavery has died on Sunday. Kim Kun-ja, who has been living in the House of Sharing, a home for sexual slavery victims in Gyeonggi Province, died at around 8 a.m. Sunday at the age of 91. Born in Pyeongchang, Gangwon Province in 1926, Kim was coerced into sexual slavery for a Japanese military brothel in Hunchun in the Chinese Jilin Province in 1942 when she was 16. With her death, only 37 are alive out of 238 former Korean sex slaves registered with the government.

RCEP Talks to be Held in India

Talks to create a mega trade deal involving Asia and ASEAN members will be held in India this week. The Ministry of Industry, Trade and Energy said on Sunday that the 19th round of talks to create a Regional Comprehensive Economic Partnership (RCEP) will be held from Monday to Friday in Hyderabad. The ministry said that its chief FTA negotiator Yu Myeong-hui will lead a 60-member team for the RCEP talks.

The participant countries will negotiate on concessions for goods, rules on the service sector and investments, as well as sanitary and phytosanitary measures and country of origin rules.

US Navy Chief Asks Chinese Counterpart for Help on N. Korea

The chief of the United States Navy has reportedly asked his Chinese counterpart to exert influence on North Korea to rein in the North’s nuclear and missile programs. The Hong Kong-based South China Morning Post reported on Saturday that Chief of the U.S. Naval Operations Admiral John Richardson asked for China’s cooperation on North Korea during a video teleconference with his Chinese counterpart Vice Admiral Shen Jinlong on Thursday.

Incumbent Lawmaker Nominated for Labor Minister

President Moon Jae-in nominated ruling Democratic Party lawmaker Kim Young-joo as labor minister on Sunday, ten days after the previous nominee withdrew amid strong objection from opposition parties.

Kim is a third-term lawmaker and known to have built her expertise in the National Assembly on environment and labor issues. Presidential spokesman Park Soo-hyun said Sunday that Kim’s deep understanding of labor issues, policies and her great mediation abilities makes her the right person to address a variety of labor issues.

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

U.S. trade deficit with S. Korea not result of FTA

The United States' trade deficit with South Korea is not a result of their bilateral free trade agreement, two experts here have said, dismissing President Donald Trump's push to revise the deal. Gary Hufbauer, a senior fellow at the Peterson Institute for International Economics, and Euijin Jung, a research analyst at the same institution, made the case in a contribution to The Hill last week, saying it "makes no sense" to try to modify the FTA now.

S. Korean Kim In-kyung picks up 2nd LPGA win of '17

South Korean Kim In-kyung has picked up her second LPGA win of the season. Kim rallied to captured the Marathon Classic at the par-71 Highland Meadows Golf Club in Sylvania, Ohio, on Sunday (local time), thanks to a blistering 63 in the weather-interrupted final round. Kim had a four-round total of 21-under 263 to beat American Lexi Thompson by four strokes. The 29-year-old, who took home US$240,000 in the winner's check, now has six career LPGA victories. She ended a near six-year drought in October last year and won the ShopRite LPGA Classic in June this year.

SK Telecom's AI program to help convenience-store employees

SK Telecom Co. said Monday it agreed to join forces with a major South Korean convenience store chain to deploy its artificial intelligence product NUGU to help store clerks. The country's No. 1 mobile carrier said it will test-run NUGU at South Korea's largest convenience store chain CU in the first half of 2018. SK Telecom said store clerks will be able to ask work-related questions to NUGU with their voice, such as "What is the delivery fee from Seoul to Jeju?" Under the solution, employees will no longer have to call the headquarters to ask questions. The AI platform will notify workers of promotional alarms and orders from the headquarters. It can also assist staff in case of emergencies.

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

US military chief says N. Korea capable of 'limited' missile attack

North Korea is able to launch a "limited" missile attack and the United States stands ready to defend itself, South Korea and Japan should such an event occur, the chairman of the US Joint Chiefs of Staff has said. Marine Corps Gen. Joe Dunford made the assessment at the Aspen Security Forum in Aspen, Colorado, Saturday, as he emphasized his immediate concern about North Korea's missile and nuclear programs. "(North Korean leader) Kim Jong-un's regime is tied to program, and what I can tell the American people today is North Korea is capable of launching a limited missile attack," he said according to an article released by the Pentagon Sunday. "The United States military can defend against a limited North Korea attack on Seoul, Japan, and the United States."

‘China's defector deportations create new breed of separated families’

China has recently been repatriating more North Koreans seeking to resettle in the South, giving birth to a new breed of separated families and depriving them of family rights, a UN rights envoy told The Korea Herald. Tomas Ojea Quintana, the UN special rapporteur on North Korean human rights, said Beijing has been intensifying its crackdown on North Korean escapees, detaining and deporting many of them. The practice is not only fueling the risks of punishment after repatriation, but also generating a “second cycle of separation of families,” he said.

Chinese envoy urges restoration of trust over THAAD retaliation

South Korea’s decision to deploy an US anti-missile system has seriously damaged the bilateral ties between Seoul and Beijing built for the last 25 years, impeding further development of cooperation and exchanges between the two, a Chinese envoy to Seoul said Saturday. (The deployment of) THAAD is a strategic issue, but has seriously damaged mutual trust between the two countries,” said Chinese Ambassador to South Korea Chu Guo Hong, referring to the Terminal High Altitude Area Defense system at a forum hosted by the Korea Chamber of Commerce and Industry on Jeju Island.

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

Shin Kori reactors

The fate of two reactors at the Shin Kori Nuclear Power Plant in the southeastern city of Ulsan is critical for the country because it will set the tone of the administration's energy policy. President Moon Jae-in is pushing to deliver on his campaign promise to phase out nuclear power plants. The state-run Korea Hydro and Nuclear Power (KHNP) has suspended work on the two reactors for three months — following a presidential order — fueling debate over the propriety and legitimacy of the decision.

S. Korean Kim In-kyung picks up 2nd LPGA win of '17

South Korean Kim In-kyung has picked up her second LPGA win of the season. Kim rallied to captured the Marathon Classic at the par-71 Highland Meadows Golf Club in Sylvania, Ohio, on Sunday (local time), thanks to a blistering 63 in the weather-interrupted final round. Kim had a four-round total of 21-under 263 to beat American Lexi Thompson by four strokes. The 29-year-old, who took home US$240,000 in the winner's check, now has six career LPGA victories. She ended a near six-year drought in October last year and won the ShopRite LPGA Classic in June this year.

Gov't begins internal talks on peace treaty

The Moon Jae-in administration has begun internal discussions on whether it is possible to replace the 1950-53 Korean War armistice with a peace treaty, sources said Sunday. The talks follow a proposal from a presidential advisory panel -- the administration's de-facto transition committee -- that Moon lay the groundwork for peace on the Korean Peninsula. Sources said the Office of the Korean Peninsula and Security Affairs at the Ministry of Foreign Affairs will lead the discussions. As part of a five-year policy roadmap, the committee said it was necessary to forge an agreement with North Korea on its complete denuclearization by 2020, President Moon's fourth year in office.

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

Pyongyang spotted for week-long submarine activities in East Sea

Quoting U.S. officials, Japan’s national public broadcasting corporation NHK reported on Sunday that North Korea’s key submarine has been spotted in the East Sea for a week. “The officials say the Romeo-class 1,800-ton diesel submarine has been engaging in activities for about a week, which is the longest period," NHK reported. The broadcaster says that activities by submarines of this class in the area usually last about four days.

Dong-A meets mathematician-turned-lawmaker Cédric Villani of France

En Marche, which previously had no seat in the French general election last month, has become the largest party. The first and most notable among experts from various fields who newly entered politics is mathematical genius Cédric Villani (44). He was a professor at University of Lyon and the director of Pierre and Marie Curie University’s Institut Henri Poincaré. In 2010, he was awarded the Fields Medal, and which is often described as the Nobel Prize of Mathematics. He is well known for his unique style such as shoulder-length hair, large spider brooch, and necktie scarf as well as active lecturing.

Figure skater Cha Jun-hwan returns for 2018 Pyeongchang Olympics

Waving his hands and smiling broadly, he returned back to Korea after a three-month training in Canada. He looked a lot more relaxed than the days when he was a shy junior skater. He’s 1cm taller now and his acne marks on the face have fainted. Up for the 2018 Pyeongchang Winter Olympics, Cha Jun-hwan, a rising figure skater who is challenging Senior Championship returned to Korea on Sunday.

The 16-year-old will attend the first selection match for the Olympics from July 28 at Mokdong Ice Rink in Seoul. Olympic athletes for figure skating are selected by tallying the total points from 1st to 3rd matches. The winner from the 1st selection match is given qualification to enter the Nebelhorn Trophy to be held in September, qualifying for the Pyeongchang Olympics. “I wish to make a clean skating performance based on my practice,” he said.

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

Heavy Rains Pelt Capital Region

Heavy flooding and power outages plagued many parts of Seoul and the surrounding region over the weekend as thunderstorms raced back and forth across the region. Seoul, surrounding Gyeonggi Province and the western port city of Incheon were inundated with nearly 100 mm of rainfall, but temperatures soared close to 30 degrees Celsius once it ended. In Siheung, Gyeonggi Province west of Seoul, 96 mm of rainfall on Sunday morning submerged 126 homes in floodwaters. The amount of rainfall seen was even higher than the record 91.8 mm that pounded Cheongju, North Chungcheong Province last Sunday.

1 in 5 Unemployed Young People Give up Looking for Jobs

Some 329,000 unemployed people have given up looking for jobs and are just staying home, accounting for 22.4 percent of all jobless people, Statistics Korea said Thursday. That is almost twice the number of unemployed young people who are looking for jobs. Among the jobless young, 256,000 said they have given up looking for work, accounting for 17.4 percent of young unemployed people. Economists fear that the so-called "NEET" tribe (Not in Education, Employment or Training) is growing. According to the OECD, 18 percent of Koreans between 15 to 29 are NEETs, compared to an average 14.6 percent among OECD nations.

Apple Turns to LG for iPhone 9 Batteries

Apple has chosen LG Chem to supply batteries for the iPhone 9 set to be unveiled in 2018, it emerged on Thursday. Apple wants to use LG's proprietary L-shaped batteries, but it remains to be seen whether the Korean firm will be the sole supplier. Apple has so far bought batteries from a range of sources including LG Chem, Samsung SDI, China's ATL and Japan's Murata. LG Chem declined to comment, but industry insiders believe the chances are that it will become the sole supplier since rivals continue to manufacture bar-type batteries.

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

Perfect storm of complications has Hyundai Motor facing down a crisis

There are increasing concerns about the future of Hyundai Motor Company, the leading company in South Korea’s automotive industry. On top of plunging sales in the biggest global markets of China and the US, the company is plagued with problems, including chronic labor disputes and recalls resulting from product defects. As the paradigm of the automotive industry undergoes rapid change, a perfect storm of sluggish demand, stiffer competition and a pricy, inefficient industrial structure has brought Hyundai to a critical juncture, experts say.

At R&D campus, Samsung working to become an innovative “first-mover”

The cradle of Samsung Electronics design is nestled at the quiet foot of a mountain. On July 19, a Hankyoreh reporter visited the Research and Development (R&D) Campus on Mt. Umyeon in Seoul’s Seocho district in search of the DNA of the company’s product design. All the key functions needed to boost Samsung Electronics’s future business capabilities come together here at the design management center, software center, and DMC institute. The campus has 5,000 employees working at it since taking up residence in Nov. 2015. The design management center works to formulate Samsung Electronics’s design strategy and plan leading design based on new technology.

In KORUS FTA renegotiations, whose “interests” should be defended?

Newly appointed Minister of Trade, Industry and Energy Paik Un-kyu said at a confirmation hearing on July 19 that he would respond to the US’s demands to amend its Free Trade Agreement with South Korea “in a way that maximizes national interests and adheres to the principle of balanced interests.” But which national interests and whose interests should that be ? In a document sent to South Korea on July 12 seeking amendment of the South Korea-US FTA (KORUS FTA), the US Trade Representative clearly stated Washington’s priority was to rectify the US’s trade imbalance with South Korea. The aim is to correct the trade figures that have resulted from the FTA’s execution over the past five years.

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

Extra budget passes after a month of delay

After more than a month of wrangling, the National Assembly on Saturday passed a supplementary budget bill worth 11.03 trillion won ($9.86 billion) that is primarily aimed at creating jobs. The parliament barely managed to pass the bill 45 days after it was submitted to the Assembly due to a shortage of ruling party lawmakers at the Saturday voting session. 26 of the Democratic Party’s 120 lawmakers were absent, including former floor leader Woo Sang-ho. Of 179 lawmakers who cast votes, 140 were in favor of the passage while 31 opposed it. Eight abstained.

Tax hikes on top companies, wealthy mooted

Korea’s leading conglomerates including Samsung Electronics have been reporting good earnings - and their stock values have surged as a result. Samsung Electronics has seen its market capitalization increase 31.6 percent as of Friday compared to the end of last year - to over 333 trillion won. That’s faster than the 23.5 percent the benchmark Kospi has risen during the same period. But the go-go days for leading Korean companies could come to a screeching halt as politicians talk about raising corporate tax rates.

Moon to meet big business reps for two days

President Moon Jae-in will meet with the country’s top tycoons Thursday and Friday to discuss creating jobs and sharing business opportunities with smaller companies, the Blue House said Sunday. According to presidential spokesman Park Soo-hyun, Moon will meet with representatives of the countries’ 14 largest companies on Thursday and Friday. Of the 15 largest business groups, all except for Nonghyup or the National Agricultural Cooperative, will send representatives to the meeting. Ottogi, a mid-size food maker known for its efforts to create jobs and offer better working conditions, will also attend the event, Park said.

SKT unveils very small, cheap encrypting chip

SK Telecom on Friday unveiled a prototype of its quantum random number generating chip, the smallest yet in the world, that can protect data from being hacked. The chip is part of the mobile carrier’s quantum cryptography system developed to enhance security of data transmitted through various communication channels. The chip generates unpredictable sequences of numbers, also called “true random numbers,” to protect computers and other Internet-based devices from hacking. According to SK Telecom, the chip is only five millimeters in both width and length, which makes it small enough to be used in small devices like smartphones, laptops and drones. It may also be used in driverless cars.

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

Lawyers for a Democratic Society, "Stop the Import of U.S. Beef and Investigate"

Cattle with mad cow disease (bovine spongiform encephalopathy, BSE) have once again been discovered in the U.S. and more and more voices are calling for a strong response, such as suspending the import of U.S. beef. The government has announced that it would be difficult to stop imports, for the latest mad cow disease involves atypical BSE, which poses relatively low risk. The international trade committee of the Lawyers for a Democratic Society announced on July 20 that they had requested the government to temporarily suspend the import of U.S. beef. Attorney Song Gi-ho, of the lawyers group said, "According to Attachment 6 on the hygienic conditions for U.S. beef imports, which was the fruit of the citizens' candlelight demonstrations in the Lee Myung-bak government, if the mad cow disease occurs in the U.S. South Korea can stop the import of U.S. beef. It is a right that we fairly secured and it is guaranteed by the World Trade Organization (WTO)."

The Moon Jae-in Government Launches Public Discussions on More Taxes

On July 20, Cheong Wa Dae, the government, and the ruling party decided to begin discussions on tax reforms (tax increase). This day, Choo Mi-ae, the leader of the ruling Minjoo Party of Korea and Minister of the Interior Kim Boo-kyum discussed the need for more taxes, and Cheong Wa Dae accepted their thoughts. The government's announcement of the 100 state tasks of the Moon Jae-in government on July 19 had stirred controversy over "welfare without more taxes," and it appears the government and ruling party have embarked on resolving this issue.

Moon Seeks Cooperation, "We Need to Abandon the Raft Once We Have Crossed the Big River"

On July 19, President Moon Jae-in met with the leaders of the four ruling and opposition parties, and asked the leaders for their cooperation in passing the supplementary budget, currently the topic of heated debates at the National Assembly. The president said, "Even though it may not be 100% satisfactory to everyone, please help pass the budget." In particular, President Moon suggested that he could somewhat retreat on the 8 billion won for additional civil servant recruitments, a key issue in the debates, and now the attention is on whether this will help the negotiations make progress. Although the meeting was only a "one-sided" meeting with Hong Jun-pyo, leader of the Liberty Korea Party, the major opposition party, absent, the participants managed to discuss a comprehensive list of issues on state administration, drawing a positive evaluation from the opposition parties.

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

LG Chem to Exclusively Produce Apple iPhone 9 Batteries

Next year, LG Chem will supply the iPhone 9 batteries to Apple Inc. on an exclusive basis. Given Apple's multi-vendor strategy to get supplies from as many suppliers as possible to bring cost down, this is an unusual move. A chemical industry official said on July 20, "LG Chem will supply all the batteries needed for the iPhone 9 to be launched in the second half of next year. For this purpose, the Korean company already invested 100 billions of won and started producing the batteries from early next year."

160,000 Public Sector Workers Will Get Regular Worker Status

Fixed-term employees and dispatched workers in 852 government offices and state-run entities will be given the status of regular workers. Of the total 310,000 workers, as many as 160,000 will be offered the designation. The government held on July 20 a meeting and decided a plan to switch public sector temporary workers into regular one. Those eligible for the offer are among 310,000 workers who are expected to work more than nine months. Previously the government stipulated the eligibility "those who are expected to continue working for more than two years." This time, however, the government eliminated such restrictions from the designation.

OLED Equipment and Component Shares Surge on Rising Demand

The shares of OLED-related equipment and component companies are rallying in full force. These companies had undergone difficulties since 2012 primarily due to excessive investment but the sentiment reversed this year. Supply declined due to restructuring which lasted until last year, while demand rose as Apple decided to follow suit with Samsung Electronics in adopting OLEDs for its iPhone. Following Samsung Electronics, LG Display is beefing up its investment in the OLED area, brightening the earnings prospect for OLED-related equipment stocks.

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

S. Korean gov’t to enhance tax crackdown on overseas card spending

The South Korean government has decided to tighten tax control on overseas credit card spending as early as next year amid a burgeoning number of people travelling abroad and directly shopping on foreign e-commerce sites. According to the Office for Government Policy Coordination and the Ministry of Strategy and Finance on Friday, the government plans to revise the country’s customs law by expanding the range of overseas credit card spending information collected by the Korea Customs Service.

Hyundai Marine & Fire Insurance join peers to cut auto insurance premiums

Hyundai Marine & Fire Insurance Co., one of South Korea’s major non-life insurers, has decided to join the move of other industry players to lower auto insurance premiums amid ongoing efforts by the new government to shave the consumer burden of high insurance costs. Hyundai Marine & Fire Insurance said on Friday that it will cut its auto insurance premiums for individual and corporate users by 1.5 percent, respectively, for contracts taking effect as of August 21. The move comes after industry rival Dongbu Insurance Co. announced last week that it will lower its auto insurance rates for corporate and business users by 1.3 percent and for individual users by 0.8 percent. The reduction by Hyundai Marine & Fire Insurance is almost double that of Dongbu Insurance based on the rate for individual users.

North Korean economy in 2016 expands at fastest pace in 17 years

North Korea’s economy grew at the fastest pace in 17 years in 2016 in another data to support the argument that international sanctions have limited effect in humbling and forcing the reclusive country to yield weapons program. According to data released by the Bank of Korea (BOK) Friday, the adjusted gross domestic product (GDP) in North Korea rose 3.9 percent in 2016 from the previous year, a dramatic recovery from 1.1 percent contraction in 2015. Its growth outpaced the richer South’s growth of 2.8 percent last year.

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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

Japan's Yomiuriwww.yomiuri.co.jp japannews@yomiuri.com

Asahi www.asahi.com customer-support@asahi.com

Mainichiwww.mainichi.jp

Le Mondewww.ilemonde.com

Italy LaRepubblicawww.quotidiano.repubblica.it vittorio.zucconi@gmail.com

Germany Frankfurter AllgemeineZeitungwww.faz.net anzeigen.ausland@faz.de

SüddeutscheZeitungwww.sueddeutsche.de forum@sueddeutsche.de

Australia Brisbane Times www.brisbanetimes.com.au syndication@fairfaxmedia.com.au

Sydney Morning Heraldwww.smh.com.au

Colombia Reportshttp://colombiareports.com

Bogota Free Planethttp://bogotafreeplanet.combfp@bogotafreeplanet.com

El Universalhttp://www.eluniversal.com.mx/english

Andeshttp://www.andes.info.ec/en

Ecuador Timeshttp://www.ecuadortimes.net

The Jordan Timeshttps://www.jordantimes.com

LSM.lvhttp://www.lsm.lv/en

The Baltic Timeshttp://www.baltictimes.comlithuania@baltictimes.com, estonia@baltictimes.com, editor@baltictimes.com

El Paishttp://elpais.com/elpais/inenglish.html

Philippine Daily Inquirerhttps://www.inquirer.net

Daily News Hungaryhttp://dailynewshungary.com

Budapest Timeshttp://budapesttimes.hu

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The Korea Post is running video clips from the different embassies.

Azerbaijan: https://www.youtube.com/watch?v=OR8CBpcQ4WM

Sri Lanka: https://www.youtube.com/watch?v=hByX92Y2aGY&t=22s

Morocco: https://www.youtube.com/watch?v=jfFmp2sVvSE

And many other countries.

Lee Kyung-sik  edt@koreapost.com

<저작권자 © 코리아포스트, 무단 전재 및 재배포 금지>

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