The Korean daily media headlines and humor

The Korean daily media headlines and humor

Monday, September 11, 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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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/)

US Senator Calls for Redeployment of Tactical Nukes to S. Korea

Appearing on CNN on Sunday, John McCain, chairman of the Armed Services Committee, said that South Korean Defense Minister Song Young-moo's call for the U.S. to reintroduce its nuclear weapons to South Korea should be seriously considered. Song said last Monday before the parliamentary defense committee that redeployment of U.S. tactical nukes runs counter to the government's policy, but it should be considered as one of many options to effectively deter and counter North Korean nuclear threats. McCain also called for strong responses to the North Korean provocations.

[Sound bite: U.S. Senator John McCain]

“Washington should make clear to North Korean leader Kim Jong-un that if he acts in an aggressive fashion, the price will be extinction.” The remarks came two days after a recent NBC report that the Trump administration is considering military options against North Korea in the wake of its sixth nuclear test, including redeployment of American tactical nukes in South Korea. The U.S. withdrew its nuclear weapons from the Korean Peninsula in 1991.

Kim Jong-un Celebrates Nuke Test with Banquet for Scientists

North Korean leader Kim Jong-un attended a massive banquet to congratulate the scientists and engineers involved in the country’s sixth nuclear test a week ago. The North’s official Korean Central News Agency (KCNA) reported on Sunday that the North Korean Workers’ Party’s Central Committee and the Central Military Commission organized a special banquet for the nuclear scientists and engineers who contributed to the successful test of a hydrogen bomb that can be mounted on an intercontinental ballistic missile. During the banquet, Kim praised the scientists, saying that the recent test of the hydrogen bomb means a great victory won by the North Korean people at a cost of their blood and tightened belts in the arduous period.

Chinese Banks Ban N. Koreans from Opening New Accounts

Chinese state banks have reportedly banned North Koreans living in China from opening up new accounts and have suspended money remittance through existing North Korean accounts. Japan’s Kyodo News reported on Saturday that the latest move is likely to target North Korean consular officials or traders in China, adding the move is not related to the United Nations Security Council resolution but China’s own independent measure. Kyodo quoted a Chinese official as saying that China’s major state banks, including the Bank of China, the Construction Bank of China, and the Agricultural Bank of China suspended transactions with North Koreans in Yanji in the Yanbian Korean Autonomous Prefecture in Jilin Province in line with the global sanctions against North Korea.

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

N. Korea warns U.S. of 'greatest pain' over U.N. sanctions drive

North Korea warned Monday that the United States will suffer the "greatest pain" if it pushes ahead with new tougher U.N. sanctions over its sixth nuclear test. Pyongyang's threat comes as the U.S. asked the United Nations Security Council (UNSC) last week to vote on new sanctions Monday in response to the North's most powerful nuclear test. North Korea's foreign ministry said it will make the U.S. pay a "due price" if Washington goes ahead with the vote on a resolution on harsher sanctions. "The forthcoming measures to be taken by the DPRK will cause the U.S. the greatest pain and suffering it had ever gone through in its entire history," said the Korean Central News Agency, reporting a ministry statement in English. The DPRK is the acronym for North Korea's full name, the Democratic People's Republic of Korea.

On Sept. 3, North Korea detonated what it claimed to be a hydrogen bomb that can fit on an intercontinental ballistic missile (ICBM).

Stock market volatility to grow ahead of 'quadruple witching'

South Korea's stock market volatility is expected to grow early this week ahead of the so-called quadruple witching day that comes on top of escalating geopolitical tensions here, analysts said Monday.

The third quadruple witching day of the year, which falls on Thursday, may prompt local brokerage houses and foreign investors to rush to take profits through computer-based program trading, making the market more volatile, they said. "Quadruple witching" refers to the simultaneous expiration of contracts for stock index futures, stock index options, stock options and stock futures, and usually causes volatile trading on the market. Market watchers said the situation is slightly different from the first and second quadruple witching days of the years, which occurred in March and June, due to high tensions on the Korean Peninsula stemming from Pyongyang's recent nuclear test.

90 pct of Koreans planning to travel during Chuseok holiday

About 90 percent of South Koreans are expected to go on a trip during the Chuseok holiday which begins late this month, a survey showed Monday. The government has designated Oct. 2 as a one-off holiday to bridge the Sept. 30 weekend with the Chuseok holiday, National Foundation Day and Hangeul Day, which commemorates the invention of the Korean alphabet that falls on Oct. 9. Of 623 people surveyed by the hotel and restaurant reservation app Dailyhotel, 89 percent said they will travel domestically while the rest said they will go abroad during the longest holiday in decades. As many as 79 percent of the respondents were in their 20s and 30s. Seoul was the most popular destination at 19.5 percent, followed by Gangwon Province at 17.1 percent, Jeju Island at 15.9 percent and Busan at 15.1 percent.

A vast majority (67.9 percent) chose hotels as their lodging places while condos and resorts were favored by 29.2 percent and pensions 25.4 percent. Nearly half (46 percent) of those questioned were planning three-day trips, 22.2 percent two days and 19.7 percent said they are planning to travel for four days.

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

Mexico quake kills 65, deadly storm strikes

Rescuers pulled bodies from the rubble and grieving families carried coffins through the streets Saturday after Mexico‘s biggest earthquake in a century killed 65 people, while elsewhere two died in mudslides unleashed by storm Katia. Officials raised the death toll from Thursday night’s quake as more bodies were found in the southern states of Oaxaca and Chiapas. In the town of Juchitan, Oaxaca, hundreds of families spent the night camped in the streets, too scared to go back inside for fear of aftershocks. The Mexican Seismological Service reported 721 aftershocks.

Conservatives to push harder for nukes in South Korea

With public sentiment worsening over North Korea, South Korea’s main opposition party is revving up its call for the nation’s nuclear armament by bringing back the United States’ tactical nuclear weapons.

However, Seoul’s presidential office Cheong Wa Dae on Sunday reiterated its opposition to the measure, saying that it would undermine the government’s effort to denuclearize Pyongyang and trigger an nuclear arms race in East Asia.

Halal eating, not as easy as ABC in Korea

For Muslims, eating right means more than simply a balanced diet; it is a sacred law of their religion that they dutifully abide by. Halal -- roughly translated into “permissible” from Arabic -- food refers to that which is permitted for consumption in Islam. Haram, or “forbidden,” foods are those that Muslims must stay away from, such as alcohol and certain types of meat, notably pork and dog meat.

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

Trump's pressure on FTA may stoke anti-US sentiment

President Moon Jae-in and his U.S. President Donald Trump face a number of critical geopolitical and economic issues on which the two do not seem to see eye to eye. Trump is apparently unhappy with the Moon administration's "soft" approach toward the unruly Kim Jong-un regime. Dissatisfied with the terms of the free trade agreement (FTA) with Seoul, the Trump administration is calling for South Korea to revise the terms of the deal and open its doors wider to agriculture and fisheries goods. Trump is also demanding South Korea buy more weapons from the U.S. and take up a greater share of the costs to operate U.S. forces here. He even threatened a possible U.S. withdrawal from the bilateral free trade deal, unnecessarily undermining relations between the two allies in the face of North Korea's growing hostility.

Parents, residents spar over school for disabled

Parents of children with disabilities and residents in Gangseo-gu, western Seoul, are engaged in an escalating conflict over the construction of a special needs school there. Parents say setting up a school designed to take care of children with chronic medical conditions is the only way to educate them because most schools refuse to accept them, saying they "disturb regular classes and other students find them bothersome." They also point out a lack of such schools, leading some to spend up to three hours commuting every day. However, residents say such a school will decrease house and land prices. They instead prefer the construction of a traditional Korean medicine hospital, as proposed by Rep. Kim Sung-tae of the main opposition Liberty Korea Party (LKP).

4,000 couples exchange vows at same time, same place

About 4,000 couples from 64 countries exchanged wedding rings here on Thursday at a mass wedding organized by the Unification Church. A further 20,000 couples worldwide participated in the ceremony at the church's Cheong Shim Peace World Center in Gapyeong, Gyeonggi Province, via the internet. Han Hak-ja, a self-proclaimed messiah and widow of the church's founder Moon Sun-myung, officiated. The church matched the couples, a practice manifesting the founder's theology. Some were matched cross-culturally to uphold the church's belief that in God's eyes there are no such things as nationality or skin color.

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DongA Ilbo (http://english.donga.com)

Trump could redeploy tactical nuclear weapons to S. Korea

The redeployment of tactical nuclear weapons on the Korean Peninsula to respond to North Korea’s nuclear test and missile launch has emerged as a key issue between the U.S. and South Korea. NBC news reported on last Friday (local time) that the Trump administration considers to deploy tactical nuclear weapons to South Korea at its request, citing senior White House and Pentagon officials. It also quoted officials as saying that the U.S. has already told China that South Korea and Japan may develop their own nuclear programs if China fails to strengthen pressure on the North.” The NBC’s report is creating implications as South Korea’s Defense Minister Song Young-moo announced to review the option to bring back tactical nuclear weapons to the nation and the opposition Liberty Korea Party pushed hard with the plan. The presidential office Cheong Wa Dae said that the U.S. did not ask the issue officially, and the government did not discuss and reviewed the option currently as it was far from the principle of denuclearization of Korea. Washington insiders said that the deployment of tactical nukes was way down the list as in the case of preemptive strikes.

Kim Jong Un celebrates successful test of hydrogen bomb

North Korean state-owned newspaper Rodong Sinmun reported on Sunday that Kim Jong Un expressed his keen emotions at the “banquet celebrating the successful launching of the hydrogen bomb” held in Pyeongyang. While the newspaper did not mention the date, the party was likely to be held on Saturday. At the party participated by the North Korean leadership, Kim praised the efforts made by hydrogen bomb engineers. “Blast sound of the hydrogen bomb is the sound of the glorious victory for North Koreans who spared their sweat and blood during their desperate times," Kim said. “Thanks to solid and independent economic foundation provided by the great leaders (Kim Il Sung and Kim Jong Il), a great army of brilliant scientists, soldiers and people armed with revolutionary spirit, and the tradition of struggling for self-dependency, the self-reliance revolution will definitely be a victory.”

Korea-U.S.-Japan alliance offers 2.5 Tril. won for Toshiba chip business

The consortium consisted of Korean, American and Japanese companies has offered around 2.5 trillion Korean won to acquire Toshiba's semiconductor business. It was known that the final acquirer will be decided at a meeting of the Board of Directors on Wednesday. The Korea-U.S.-Japan alliance has offered their final proposal that states that they are willing to offer Toshiba two trillion yen (or around 20.9 trillion won) of acquisition costs, along with an additional R&D cost of 400 billion yen (or around 4.1 trillion won), said the Japanese daily Sankei Shimbun. The total fund will be financed with shares and preferred stocks without voting rights, with 567.5 billion yen from Bain Capital and SK Hynix, 250 billion yen from Toshiba, 335 billion yen from Apple, 220 billion yen from an anonymous U.S. IT corporation, 27.5 billion yen from Japanese companies including Toshiba, and 600 billion yen from a bank.

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Chosun Ilbo (http://english.chosun.com)

Chinese State Banks Freeze N.Korean Accounts

China's large state banks have stopped opening new accounts for North Koreans and frozen remittances to North Korea. This blocks cash flow to the regime to a significant extent, while the volume of oil shipments from China to North Korea has also dwindled, Kyodo News reported Saturday. Affected are not only North Korean diplomats and officials in China but also laborers and traders with North Korean passports. "Previously, the banks were happy to open accounts for North Koreans living in China for personal reasons (mostly visiting relatives), provided they present their personal identity documents," the website Daily NK reported. "This practice has ended as well."

Many Koreans Spend Over $5,000 Abroad Each Quarter

Some 6.11 million Koreans traveled abroad in the second quarter and spent W4.18 billion on their credit cards (US$1=W1,129). That boils down to $685 per person.

More striking is the large number of big spenders. According to the Korea Customs Service, some 60,000 spent more than $5,000 per quarter overseas, while over 200 spent more than $100,000 abroad. The KCS has tracked Koreans who splurge overseas since 2014 to ferret out possible foreign-exchange law violators.

Three Cups of Coffee a Day Could Leave You Hooked

Coffee lovers should be aware that drinking three cups or more a day can lead to caffeine addiction. The recommended maximum daily caffeine intake is 400 mg for adults, 300 mg for pregnant women, and 2.5 mg per 1 kg of body weight for adolescents. A 300 ml can of coffee contains 70 to 150 mg of caffeine. Three cans a day would exceed the recommended daily maximum. A cup of Dutch coffee sold in cafes contains over 200 mg of caffeine, up to four times more than an Americano. Caffeine is a central nervous system stimulant that can temporarily alleviate sleepiness and boost concentration.

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HanKyoReh Shinmun (http://english.hani.co.kr)

New Cold War divisions taking shape between two blocs over NK nuclear issue

A “New Cold War” opposition in the security environment surrounding the Korean Peninsula is taking increasingly firm shape between two blocs, with South Korea, the US, and Japan on one side and China and Russia on the other. The Moon Jae-in administration, which previously called for “balanced diplomacy” between the US and China, is tripping over its own feet as it finds its diplomatic options ever more constrained. As the opposition between Cold War-era blocs becomes more and more entrenched, it is becoming increasingly difficult to gain China and Russia’s cooperation on a solution to the North Korean nuclear issue.

SK Unification Minister speculates that North Korea will carry out further provocations

On Sept. 8, South Korean Unification Minister Cho Myoung-gyon speculated about the motivation behind North Korea’s continuing series of provocations, including its sixth nuclear test. “I think that North Korea is placing its emphasis on reaching the stage of completing the development of its nuclear weapons and missiles. It’s possible that the North will continue its provocations for the time being by test launching another on Sept. 9,” Cho said. Sept. 9 is the anniversary of the establishment of the North Korean government. After making these remarks during a luncheon with reporters covering the Unification Ministry, Cho added that “I take this to mean that [North Korea] will keep doing this, whether or not it engages in negotiations or does anything else afterward.

South Korean High Court reverses ruling that prevented refugee from applying for naturalization

A court has found it unlawful to refuse a recognized refugee’s application for naturalization on the grounds that the individual’s bank balance temporarily fell below 30 million won (US$26,500). The court concluded that it was inappropriate for the Ministry of Justice to apply a strict standard on ability for earning a living after previously delaying its naturalization procedures.

The tenth administrative division of Seoul High Court announced on Sept. 7 that it had sided with “K,” a 33-year-old Egyptian refugee, and reversed a first trial ruling refusing his request to overturn a Ministry of Justice decision not to permit him to apply for citizenship.

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JoongAng Ilbo (http://koreajoongangdaily.joins.com/)

Kim Jong-un throws party to celebrate tests

North Korea’s state-run media reported Sunday that a massive banquet was held in the country to celebrate the “perfect success” of a hydrogen bomb test on Sept. 3, quoting leader Kim Jong-un as encouraging crowds of participating scientists and technicians to “attain the final goal of completing the state nuclear force.” The date and location of the event weren’t mentioned by the Korean Central News Agency (KCNA), but local experts expect it was held Saturday, as Kim’s activities are normally reported a day later.

Trump may offer tactical nukes to Seoul, says NBC

As local lawmakers argue over the idea of bringing American tactical nuclear weapons to South Korea, NBC News reported Friday that the Donald Trump administration wasn’t ruling out that option, citing an anonymous White House official. The news came as the Blue House stresses that the allies have never discussed the issue, and that the Trump White House has never publicly mentioned a redeployment of nukes in South Korea after more than 25 years. A Blue House official reiterated Sunday that the issue has never come up between the two allies and the South Korean government stands by its original position that U.S. tactical nukes would not be allowed on domestic soil.

Food remains a source of growth for economy

Korea’s restaurant industry recorded sales of 108 trillion won ($95.4 billion) in 2015, an 8.9 percent year-on-year jump according to a report jointly issued by the Ministry of Agriculture, Food and Rural Affairs and Korea Agro-Fisheries and Food Trade Corporation on Sunday. In that year there were as many as 78 restaurants per person in Korea. The industry’s growth rate far exceeded Korea’s economic growth, which was 3.6 percent that year. The industry is still led by small business with less than five people on staff.

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The KyungHyang Shinmun (http://english.khan.co.kr/)

THAAD, Beyond the River of No Return

The deployment of the Terminal High Altitude Area Defense (THAAD) system, a hot potato in South Korea for the past three years and three months, has now become a huge "spike," difficult to dig out, now that the remaining four launchers have been placed and introduced to operations in the THAAD base in Seongju, Gyeongsangbuk-do in the early hours of September 7. The international conflicts and confusion as well as the security, political and economic burden due to the deployment of the missile system are now on South Korea's shoulders.

No More Water Cannons and a Passageway in Bus Barricades

In the future, the rule, "no water cannons, no bus barricades" will be applied to demonstrations and rallies. It will be mandatory to record all communication via police radio when controlling demonstrations and the identity and unit of the police officer will be displayed on his protective clothing. People will be able to report demonstrations online, as well. On September 7, the Police Reform Committee, consisting of outside experts, announced such recommendations to secure the freedom of assembly at the Korea National Police Agency in Seodaemun-gu, Seoul. The police announced that they would immediately accept the recommendations. According to the committee’s suggestions, we will no longer see water cannons at a general demonstration or rally site. Water cannons will only be used in exceptional cases, such as the destruction of facilities or interference in the proper function of such facilities due to attacks on key state facilities or civil unrest. Only the local police chief will be able to order the use of water cannons, a change from the current local police chief, station chief, and authorized police officers. The committee also decided to significantly lower the water pressure from the current level. Water mixed with dye will be prohibited and the police will not be able to use water cannons when the temperature drops below freezing.

Turbulent Career Due to Obscenity Controversy: Farewell to “Kwangma”

Ma Kwang-soo (66), former professor of Korean literature at Yonsei University who became a household name for his novel, Happy Sara, was found dead on September 5. According to the Seoul Yongsan Police Station, at around 1:35 p.m. this day, a relative filed a report to the police after discovering his body at his residence, an apartment in Dongbuichon-dong, Yongsan-gu, Seoul. A police officer said, "We discovered a suicide note on site, which said that he would leave his possessions to the family member who discovered his body and that he would also put the care of his dead body in that person hands." The police said that the suicide note was written last year. Given that Ma died after being hung, the police believe it likely for Ma to have taken his own life.

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

Moon-Putin Meeting...Differ in How to Respond to North's Nuclear

Moon Jae-in South Korean President and Vladimir Putin Russian President met on September 6 in Far Eastern Federal University in Russia's Vladivostok to discuss issues including the current North Korea nuclear crisis and economic cooperation between Russia and South Korea for 2 hours and 40 minutes. The two leaders agreed that the North's nuclear tests are "unacceptable" but differed in how it must be handled including cutting crude oil supplies to North Korea.

Mixed Fortunes of LG Group and Hyundai Group in Terms of Market Value

The market value of LG Group companies has moved up to the third place after overtaking that of Hyundai Motor Group following Samsung and SK. Hyundai Motor lost out to LG after giving away the second place to SK Group in June this year. According to the Korea Exchange on September 6, the aggregate market capitalization (including that of preferred stocks) of LG Group's 16 publicly listed affiliates was 96,883 billion won as of the end of September 5. On the same day, the value of 16 publicly listed Hyundai companies was 95,058 billion won.

Kumho Tire Won't Be Sold to China's Double Star

The negotiation to sell off Kumho Tire to China's Double Star Tire broke apart. The creditors including Korea Development Bank held a shareholders meeting and decided not to accept a request by Double Star to lower the price. A Korea Development Bank official explained, "As Double Star made demands we can't accept including an additional 10-percent discount from the original price of 800 billion won, we had to say no to the offer."

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

S. Korea manufacturing industry in trouble due to internal and external challenges

South Korea's manufacturing industry, buffeted by negative external factors including tightened US trade protectionism and China's economic retaliation, seems to be losing competitiveness due to internal pressures such as rising wages and corporate tax. South Korea, which has kept the top position in the global LCD market for nearly 10 years in terms of production, appears to be overtaken by China. Witzview, a market research firm, predicts that this year, China will produce 35.7 percent of the world's large LCD panels to stand first for the first time in history, followed by Taiwan's 29.8 percent and South Korea's 28.8 percent. In particular, China's large LCD panel production capacity is projected to reach 48.3 percent in 2020, nearly half of the global total.

Perfect chocolate for Valentine's Day next year created and it is pink

There is now a new hue added to the classic white, milky brown, and dark brown hues of the chocolate world. It is pink! The world largest cocoa producer, Barry Callebaut from Zurich, Switzerland, debuted its pink chocolate in Shanghai on Tuesday. It is not artificially colored or flavored, and is referred as "ruby chocolate". The last new chocolate developed was 80 years ago by Nestle SA. The white chocolate was a huge hit at the time. The chocolate market has been struggling for years internationally and this new development may boost the sales.

7-year-old girl pulls King Arthur's Excalibur from legendary lake

Many myth hunters and King Arthur fans searched for King Arthur's magical sword, Excalibur, in vain for centuries. Then a 7-year-old girl Matilda Jones casually pulled out the legendary sword from the lake in Cornwall, England where it was said to be thrown at. There are two versions of legend around Excalibur and King Arthur. According to one of the versions, King Arthur of Great Britain got his throne after pulling Excalibur, which only a true king can obtain, from a stone. The second version says that Excalibur was given to King Arthur by the Lady of Lake living in Dozmary Pool. Both versions of legends say that Excalibur, the magical sword, gave King Arthur the power and sovereignty. After King Arthur's death, his loyal follower Sir Bedivere threw Excalibur into Dozmary Pool.

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

Galaxy Note8 pre-order nears 400,000 on first day in Korea

Samsung Electronics Co.’s Galaxy Note8 shows signs of becoming a blockbuster as pre-orders for the latest spec-packed big-screen smartphone reached nearly 400,000 in the first day.

According to Samsung Electronics on Friday, Galaxy Note8 received 395,000 pre-orders on the first day in Korea. The pre-order volume is smaller than the first day’s pre-order of Galaxy S8, another premium phone that the company started selling in April this year, but overwhelms 380,000 13-day pre-orders for its predecessor Galaxy Note7.

Naver’s Line launches German version of live video streaming app

Line Corp., mobile messenger app unit of South Korea’s leading online portal operator Naver Corp., launched a live video-streaming mobile platform in Germany in a move to make a foray into Europe where video-related services are immensely popular among young people. According to Naver on Friday, Line recently launched the German language version of its live video streaming app Line Live. The app, which can be used via a Line or Twitter account, is an interactive service that allows its users to not only live-stream videos but also decorate them with stamps while viewers can post real-time comments.

Hyundai Beijing beset with more troubles due to partnership conflict

Rubbing salt into multiple wounds of South Korea’s top automaker Hyundai Motor Co., its partner in China is said to be picking a fight out to shake the long-established joint-venture, which is the only means for a foreign entity to make and sell cars in China. The Global Times, a tabloid run by China’s state-run People’s Daily, reported on Wednesday that Beijing Auto Industry Corp (BAIC) was fed up with its Korean partner Hyundai Motor’s “greed and arrogance” for insisting on its own supply chain and indicated the Chinese carmaker, which if not for the Beijing Hyundai entity, was “otherwise doing great”, could pull out of the 15-year-old partnership.

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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 Times www.nytimes.com inytletters@nytimes.com

Wall Street Journal www.wsj.com support@wsj.com,service@wsj-asia.com

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

The Times www.thetimes.co.uk help@timesplus.co.uk

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

Chinese People's Daily www.people.com.cnkf@people.cn

China Daily www.chinadaily.com.cn circulation@chinadaily.com.cn

GwangmyeongDaily www.gmw.cn webmaster@gmw.cn