The Korean daily media headlines and humor

The Korean daily media headlines and humor

Thursday, November 23, 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.

S. Korea, China agree to push for Moon's state visit to Beijing in Dec.

South Korea and China have agreed to push for President Moon Jae-in's state visit to Beijing next month as the two nations seek to mend ties, Seoul's foreign ministry said Thursday.The agreement came as South Korean Foreign Minister Kang Kyung-wha held talks with her Chinese counterpart Wang Yi on Wednesday in Beijing to fine-tune a summit between their leaders in December."Both sides shared the view that President Moon's visit to China will be an important occasion to strengthen and develop bilateral ties," Seoul's foreign ministry said in a statement.

S. Korea to take firm stance against further opening of agriculture in KORUS

The South Korean government has expressed its firm stance to the United States against the additional opening of the agricultural market in the upcoming negotiations to amend the bilateral free trade pact, a senior ministry official said Wednesday. "The government will not strike deals that turn the balance of interest against us," Yoo Myung-hee, a director general at the trade ministry, said in a Seoul meeting with people from the agricultural sector. "In previous talks, we've explained the sensitivity of the issue and stressed that it is difficult to further open up the agriculture market, as we've already widely opened the sector." Seoul and Washington recently began domestic procedures to amend the five-year-old free trade agreement (FTA), known as the KORUS pact, following U.S. President Donald Trump's insistence it has widened the U.S. trade deficit with South Korea.

Korean Air chief faces prosecution probe over alleged fund misappropriation

The chief of South Korea's top airline Korean Air will face a prosecution probe over allegations that he siphoned off company funds to use it for his house remodeling four years ago, police said Wednesday.

The National Policy Agency has referred the case on Cho Yang-ho, the chairman of the air carrier's parent firm Hanjin Group, and three others involved to the prosecution, recommending they be investigated without detention, the office said. Police asked the prosecution twice to file for an arrest warrant for Cho on charges of embezzlement and breach of trust, but they were both turned down citing the need for further investigation.

Trade officials hope for progress on Eurasia FTA talks during PyeongChang Winter Olympics

The 2018 PyeongChang Winter Olympics are hoped to expedite South Korea's economic cooperation with other countries, especially with Eurasian nations with which the country is seeking a free trade agreement (FTA), trade-related officials said Thursday. The PyeongChang Games, opening in February, will bring a substantial number of foreign political and economic leaders to South Korea, naturally providing venues to address bilateral and multilateral issues. Officials hope that one of the opportunities will be in-depth talks on South Korea pursuing an FTA with the Eurasian Economic Union (EAEU).

Launched in January 2015, the EAEU has Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan as members. Covering 180 million people with a gross domestic product totaling US$1.6 trillion, EAEU countries are spotlighted as emerging markets rich with natural resources.

S. Korean tycoon's son under heat for misconduct

A scion of South Korea's Hanwha Group, a chemical-to-finance conglomerate, came under fire once again for misconduct, this time, against lawyers, in the latest case involving the family running one of the country's biggest businesses.In a statement released Tuesday by Hanwha, Kim Dong-seon, the youngest son of Hanwha Group Chairman Kim Seung-youn, publically apologized for his use of foul language and assault while intoxicated during a dinner meeting with a group of attorneys in September."If given the opportunity, I would like to meet with the people I hurt and express my heartfelt apology for my misdeeds," he said in the statement.

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

College Entrance Exam Begins after Delay due to Quake

The annual college entrance exam is being conducted at one-thousand-180 test sites around the nation on Thursday, a week after the test was delayed due to a powerful earthquake in the southeastern city of Pohang. Some 593-thousand exam takers are sitting the College Scholastic Ability Test(CSAT) this year. The CSAT began with the Korean language exam at 8:40 a.m. It will be followed by the math, English, Korean history and science portions. The fifth and final foreign language exam will end at 5:40 p.m. The government set up a three-stage contingency plan to deal with possible aftershocks during the test.

Ex-Defense Minister Kim Kwan-jin Released after Arrest

Former Defense Minister Kim Kwan-jin has been released eleven days after he was arrested for his alleged involvement in illegal cyber activities aimed at influencing public opinion under the Lee Myung-bak government. The Seoul Central District Court released Kim Wednesday night after reviewing the legality of his confinement. In the review, which was requested by Kim, the court acknowledged there is room for argument whether the allegations are fully explained in the arrest warrant. The court also judged that there is little concern that Kim might flee or destroy evidence, prompting immediate protest from the prosecution.

Foreign Ministers of S. Korea, China Hold Talks

The foreign ministers of South Korea and China have agreed to closely cooperate to ensure President Moon Jae-in's trip to China next month will be a success. South Korea's Foreign Ministry said in a statement that Foreign Minister Kang Kyung-wha and her Chinese counterpart Wang Yi reached the agreement during their talks in Beijing on Wednesday. The statement said that the two sides held intensive and frank discussions for five hours on preparations for Moon's China visit, the directions of development for South Korea-China relations and issues surrounding the Korean Peninsula.

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

S. Korea to take firm stance against further opening of agriculture in KORUS

The South Korean government has expressed its firm stance to the United States against the additional opening of the agricultural market in the upcoming negotiations to amend the bilateral free trade pact, a senior ministry official said Wednesday."The government will not strike deals that turn the balance of interest against us," Yoo Myung-hee, a director general at the trade ministry, said in a Seoul meeting with people from the agricultural sector. "In previous talks, we've explained the sensitivity of the issue and stressed that it is difficult to further open up the agriculture market, as we've already widely opened the sector."

Korean Air chief faces prosecution probe over alleged fund misappropriation

S. Korea's childbirths slump in Sept.

South Korea again saw a steep slide in the number of newborn babies in September as the country is expected to experience record low childbirths in 2017, government data showed Wednesday.About 30,100 babies were born in the month, down 12.5 percent, or 4,300, from 34,400 tallied a year earlier, according to the data from Statistics Korea.The monthly childbirths have decreased every single month since December 2015 with a double-digit decline continuing for 10 straight months.The number of newborn kids is expected to reach around 360,000 for 2017, breaking the current annual record low of 406,200 babies tallied in 2016.

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

Video shows NK soldier making 50-meter dash for freedom

Under a hail of bullets and chased by his compatriots, the breakaway North Korean soldier made a 50-meter dash for freedom on the other side of the border with South Korea, as seen in security camera footage released by the United Nations Command. Based on an analysis of CCTV footage and satellite images, the North Korean solider is thought to have run more than 50 meters toward the South Korean side before he made it to a building next to the Freedom House inside the South-controlled Joint Security Area in the Demilitarized Zone.

85 S. Koreans denied entry to US due to travel document complications

The United States’ decision to refuse 85 South Koreans entry into its territory was due to complications found in their purposes of visit, Seoul’s Foreign Ministry said Monday. “According to our Consulate General in Atlanta, it has been confirmed that 85 of our citizens were denied entry into the US on Monday on matters related to their stated purposes of visit,” the Ministry of Foreign Affairs said in a statement.

In face of washer safeguard, Samsung, LG to open US plants sooner

South Korea’s washing machine exporters to the US, Samsung Electronics and LG Electronics, on Wednesday said they will start operations of their new plants in the US as early as possible to minimize the possible impact of a likely sanction on their products. Samsung and LG on Wednesday expressed concerns about the US International Trade Commission’s recommendation to the Donald Trump administration to impose a 50 percent tariff rate on large residential washer imports that exceeded a quota of 1.2 million units for a duration of three years in addition to the current rates of duty.

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

Students sit delayed college exam with ground still rumbling

After the unprecedented postponement of the annual national college exam due to the earthquake that struck Pohang a week ago, students regrouped Thursday morning to face the "life-changing" moment.

Almost 600,000 test-takers, mostly third-grade high school students, took their designated seats in 1,180 sites nationwide. At 12 sites in Pohang, the gloom of the earthquake still lingered, worrying students as to whether another disaster might erupt again while they were sitting the exam. The National Police Agency focused on minimizing turmoil in the city. They stationed two police officers at each test site to safeguard the students and keep order. The authorities were ready to dispatch more personnel to the sites if another quake occurred.

Uzbekistan president arrives for state visit

Uzbekistan's President Shavkat Mirziyoyev arrived in South Korea Wednesday for a four-day state visit. It is Mirziyoyev's first visit to South Korea since taking office last December, and second state guest for the Moon Jae-in government which took power in May, following U.S. President Donald Trump who was here earlier this month. He arrived at Seoul Airport in Seongnam, Gyeonggi Province, and was greeted by Deputy Prime Minister and Finance Minister Kim Dong-yeon there. An official welcoming ceremony will be held at Cheong Wa Dae Thursday when he begins his official schedule.

Seoul Battleship Park opens Wednesday

The Seoul Battleship Park has opened Wednesday on the River Han shore in western Seoul, showcasing two retired navy destroyers and one retired small submarine.The park, located in Magnwon Han River Park, had an opening ceremony at the park site on Wednesday afternoon and began receiving guests. "These old vessels could have been no use after the retirement. But we added tremendous value on them by opening them up to the public and offering the citizens something to entertain," a city official said.

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

U.S. trade body recommends tariffs of up to 50% on imported washers

The U.S International Trade Commission (ITC) has called for safeguards on foreign-made washing machines. South Korea’s Samsung Electronics Co. and LG Electronics Inc. said it was “not the worst ruling,” but worried it would affect their future sales. This is the second case in a safeguard petition against Korean products, after photovoltaic cells and steel pipes. Accordingly, there is a growing concern among Korean companies whether this could signal the spread of protectionism to other items including steel, semiconductor and petrochemical products.

Military builds up fire power on frontline island

The South Korean military is stepping up its readiness posture for North Korea’s additional provocations on the occasion of the seventh anniversary of the North’s artillery attack on a South Korean frontline island of Yeonpyeongdo. The South Korean military has significantly reinforced its fire power on Yeonpyeongdo since the shelling attack, increasing the Marine Corps’ K-9 self-propelled guns from six to around 40 and deploying several units of the Chunmoo multiple rocket launchers. The locally developed launchers are capable of continuously firing 12 highly explosive rockets at targets up to 80 kilometers away. With longer ranges and more power than the older Guryong rocket launchers, the Chunmoo launchers are the core fire power capable of neutralizing North Korean long-range rocket launchers.

Seoul City opens Warship Seoul Park on Han River

A 1,900-ton retired warship is floating at the newly opened Warship Seoul Park within the Mangwon Han River Park in Seoul’s Mapo district. The Seoul city government opened Wednesday the exhibition and active theme park, covering an area of 6,942 square meters. The 150-ton warship Chamsuri and the 178-ton submarine Dolphin also casted their anchor along with the Warship Seoul, which used to be a convoy. After negotiations with the Navy headquarters since 2015, the city has created the park by borrowing three warships without any charges.

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

N.Korea Violated Armistice When Chasing Defector

The UN Command on Wednesday released video footage of a North Korean defector making a mad dash toward the South Korean side of the Joint Security Area last week. The footage makes it clear that North Korean soldiers violated the armistice that halted the Korean War by crossing over to the South Korean side of the border at one point and firing bullets southward. Pursuers shot at the fleeing defector with AK 47 assault rifles just a few meters away from him.

Chinese Smartphone Makers Taking World by Storm

Chinese smartphone makers are ready to bring about a seismic shake-up of the global market with their latest releases. Huawei's latest flagship Mate 10 Pro has earned rave reviews since it came out last month. "Huawei Technologies, the new smartphone's creator, thinks the world is ready to pay top dollar for a Chinese product," wrote the New York Times on Sunday. The paper said Francisco Jeronimo of market researcher IDC "laughed when he heard Huawei executives talk, years ago, about becoming a top-three phone maker. Today, he said, 'I wouldn't be surprised if they become No. 1'."

Many 40-Somethings Have Diabetes, High Blood Pressure

People in their 40s are now the largest group with fresh diagnoses of diabetes and high blood pressure after recent medical examinations carried out by the government. Men in their 40s also smoke the most and are the second-most obese. Among 13.71 million people who underwent the public medical checkups last year, 558,000 were suspected to have diabetes and high blood pressure and asked to undergo a more through checkup, according to a report released by the National Health Insurance Service on Tuesday.

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

Kim Jong-un appears to have refused meeting with Chinese special envoy

Song Tao, head of the Chinese Communist Party (CCP) International Liaison Department, appears not to have met with leader Kim Jong-un during his recent visit to North Korea as a special envoy for Chinese President Xi Jinping. Analysts are now turning their attention to possible reasons for the meeting’s failure to happen. Neither the Korean Workers’ Party newspaper Rodong Sinmun nor the CCP newspaper People’s Daily mentioned a meeting with Kim in their Nov. 21 reports on Song’s return to China. In a regular briefing that day, Chinese Foreign Ministry spokesperson Lu Kang said he had “nothing further to add” on Song’s visit. A Rodong Sinmun front page story the same day reported that Kim had conducted on-the-spot-guidance at the Sungri Motor Plant in Tokchon, South Pyongan Province.

Citizens’ court to investigate Vietnam War atrocities committed by South Korean troops

A “citizens’ court” will be held to investigate the horrors of civilian massacres carried out by South Korean troops during the Vietnam War. On Nov. 21, the Preparatory Committee for the Citizens’ Peace Court to Learn the Truth about the South Korean Army’s Massacres of Civilians during the Vietnam War held a press conference at the Press Center in downtown Seoul.“We will be organizing a citizens’ peace court in Seoul to investigate the massacres of civilians during the Vietnam War and to hold the South Korean government accountable. This three-day trial will begin on Apr. 20 of next year, which is the 50th anniversary of the civilian massacre during the Vietnam War,” the committee said during the press conference.

KORUS FTA found to have contributed to US job growth

With South Korean investment in the US increasing since the South Korea-US Free Trade Agreement (KORUS FTA) took effect, over 1,700 South Korean companies are employing 75,000 Americans, a new analysis shows. This is prompting the assessment that the KORUS FTA has not only expanded trade between the two countries but also contributed to the creation of jobs in the US through direct investment.

On Nov. 21, the Korea International Trade Association (KITA) announced that its analysis of the US corporate database of Dun & Bradstreet (D&B), an American company specializing in corporate credit data, showed that, as of Aug. 2017, there were 847 South Korean-invested companies in the US (1,716 if local branches are included) and that these companies are employing more than 75,000 people. KITA’s analysis covered the current state of job creation at all US companies in which a majority share is controlled by South Korean capital, regardless of the amount of assets, revenue or net earnings.

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

To stop defector, DMZ guards broke truce

North Korea violated the United Nations Armistice Agreement twice last week by firing weapons across the Military Demarcation Line (MDL) inside the Joint Security Area (JSA) and when one of its soldiers temporarily crossed the line while pursuing a fellow soldier defecting to South Korea, the United Nations Command (UNC) concluded Wednesday. Dramatic CCTV footage of the Nov. 13 defection, revealed by the UNC to South Korean reporters Wednesday, showed a North Korean soldier speeding across the 72-hour Bridge in a vehicle until it got stuck at a row of JSA buildings.

U.S. unveils sanctions on firms from North, China

A day after relisting Pyongyang as a state sponsor of terrorism, Washington unveiled additional sanctions on Chinese and North Korean trading and shipping companies to further squeeze the regime Tuesday.

The U.S. Department of Treasury announced sanctions on one Chinese individual, 13 entities and 20 North Korea-flagged vessels that are accused of illicitly funding Pyongyang’s nuclear and missile programs.

The Treasury Department said the sanctions “target third-country persons with long-standing commercial ties to North Korea, as well as the transportation networks that facilitate North Korea’s revenue generation and operations.”

Stiff duties proposed on washers

A U.S. trade panel Tuesday called for tariffs of 50 percent on large residential washing machines to prevent Samsung and LG products from dominating the U.S. market. It recommended a yearly quota of 1.2 million units and the stiff tariffs would apply to any imports above that level. The U.S. International Trade Commission also recommended the 50 percent tariff on imports of parts for such machines over a yearly import quota of 50,000 units. The commission called for all the tariffs to continue for one year, fall to 45 percent in the following year and to 40 percent in the year after that.

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

Faults Below the Ground Threaten Life, But South Korea Without a Single Fault Map

When you log in to the website of the U.S. Geological Survey (USGS), you can access a map of the faults that lie throughout the U.S. It is an interactive map that allows the user to see a fault map of the entire United States or to zoom in to the town unit by moving her mouse. In the west coast, an area with frequent earthquakes, faults are densely marked. For instance, near San Mateo, California, there is a fault that has been active within the past 150 years. The young faults that were recently active are marked by a red solid line. The older the faults?faults that were last active in the more distant past?the fainter the solid lines, and the faults that have been constrained are marked in dotted lines.

North Korea Sends Chinese Envoy Away Empty-Handed and Is Redesignated as a State Sponsor of Terrorism

Yesterday, the United States designated North Korea as a state sponsor of terrorism. Song Tao, head of the International Liaison Department of the Communist Party of China, who visited North Korea as Chinese President Xi Jinping’s special envoy, returned empty-handed with no fruits concerning the North Korean nuclear issue. This chased away any expectations for a diplomatic solution to the North‘s nuclear program, heightened by the absence of North Korea’s provocations in the past two months and U.S. President Donald Trump‘s Asia tour.

"North Korea Censors the General Political Bureau for the First Time in Twenty Years. Intelligence on the Punishment of Hwang Pyong-so and Kim Won-hong"

On November 20, the National Intelligence Service (NIS) announced that North Korea was examining the General Political Bureau of the Korean People’s Army (KPA) for the first time in two decades. The intelligence agency also claimed that they obtained intelligence that heavyweights in the North Korean regime including Hwang Pyong-so, the director of the General Political Bureau, and Kim Won-hong, the first deputy director of the bureau, were punished by the regime. The NIS also mentioned the possibility of Pyongyang launching a ballistic missile within the year and claimed that it was keeping a close eye on the North.

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

Korea's MBI to Establish EV Plant in Vietnam

MBI, a Korean manufacturer specializing in making transmissions, will build an electric car plant in Hanoi, Vietnam, jointly with local firm N&G Group. The two companies will invest a total of US$1 billion for the next seven years. The companies said on September 21 that the heads of the two companies signed an agreement to establish a joint venture called Viko Motors in South Hanoi next month. Earlier in June this year, MBI was promised by the Vietnamese government and the Hanoi city government for a 20-year free land lease, high-tech investment incentive, preferential tariffs, and designation of MBI-held patented technologies as Vietnamese standards.

Oil Refiners See Good Times ahead due to Rising Oil Prices

International oil prices have hit a record high in seven months as they went up over US$50 a barrel. The domestic oil refining sector raised its hopes of improving their profitability in the third quarter after suffering poor results for two consecutive quarters. The spot price for Dubai crude as compiled by the Korea National Oil Corp. was $53.64 a barrel on September 16, up by 7 cents from the previous day. This is the highest level since February this year when the figure was $54.39.

Gov't Decides to Give $8 Mil. Aid to North Korea...Timing to Be Announced Later

The government has decided to give support to North Korea worth US$8 million in programs helping its vulnerable people including children and pregnant women indirectly through international organizations. It, however, has not decided when to start sending money and exactly how. This is interpreted as a choice to deflect criticism that it is undertaking an aid project at a time when North Korea is causing an international storm by launching a series of missile tests. On September 21, the government held a consultative meeting for inter-Korean exchange and cooperation and approved an agenda to provide $8 million to programs such as those for North Korean mothers and children' health and nutrition by way of the UNICEF and the World Food Program.

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

N. Korea accused of violating armistice accord in truce village

The United Nations Command (UNC) accused North Korea of violating an armistice accord clearly when its border guards fired shots to stop the defection of a soldier through a jointly guarded truce village in the middle of the heavily armed border. The defection on November 13 prompted North Korean border guards to fire about 40 shots, creating a dangerous situation in Panmunjom, the only inter-Korean contact point inside the Demilitarized zone (DMZ) which bisects the Korean peninsula.

Hundreds spend sleepless night and wait in cold to grab 'Pyeongchang Jacket'

A rare scene took place at department stores run by South Korea's retail giant Lotte with people braving a sub-zero temperature to wait overnight for "Pyeongchang" long padded down jackets. The craze for an official Winter Olympic apparel, began last week when people desperately seeking to buy the jacket crashed Pyeongchang's official online shopping mall. Of 30,000 Pyeongchang jackets, 23,000 have been sold out online and offline.

S. Korea to consider WTO suit against U.S. tariffs on washing machines

South Korea threatened to consider lodging a protest with the World Trade Organization if U.S President Donald Trump endorses safeguard measures to impose high tariffs on washing machines produced by Samsung and LG. In response to a safeguard petition filed by Whirlpool, the U.S. International Trade Commission recommended a 50 percent tariff rate on large residential washing machines built by Samsung and LG and exceeding a quota of 1.2 million units. Whirlpool had demanded a flat tariff rate of 50 percent on all units, along with quotas on imported parts. Samsung and LG counterproposed a 50 percent tariff on units exceeding a quota of 1.45 million. The recommendation will be sent to Trump by December 4. On units below the quota line, the commission offered a tariff rate of zero percent or 20 percent.

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

S. Korea govt, industry draw up counteraction vs US ITC tariff-rate-quota on washers

The South Korean government on Wednesday discussed countermeasures including diplomatic endeavors to mitigate U.S. safeguard actions on Korean washers and plan to take the matter to the World Trade Organization should Washington decide to perpetrate the harsh recommended remedies. The Ministry of Trade, Industry and Energy met with local washer producers on Wednesday to come up with a joint plan to respond to the decision by the U.S trade authority.

Pharma shares’ market cap exceeds 20% in Kosdaq market

South Korean pharmaceutical and biotech firms’ stocks are raging, helping to fuel the country’s secondary Kosdaq bourse as their combined market capitalization exceed 20 percent in the market. According to the country’s securities market operator Korea Exchange on Wednesday, the combined market value of 73 shares of Kosdaq-listed pharmaceutical and biotech companies recorded 59.2 trillion won ($54.2 billion) as of Monday, accounting for 21.49 percent of the secondary stock market’s total valuation of 275.5 trillion won.

S. Korea to see record low childbirths this year

Defying government measures to promote births, the number of newborns continued to fall by double digits in South Korea for the 10th month in a row and is likely to be tallied at below the 400,000-threshold for the first time ever this year. According to data from Statistics Korea on Wednesday, 30,100 babies were born in September, down 12.5 percent from the same month a year earlier. This was the lowest September figure since the agency started compiling the data in 2000. Monthly childbirth figures have been declining since December 2015, falling by double digits in the past 10 months. The number of newborns in the January-September period was 278,100, down 12.2 percent on 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 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