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The Korean daily media headlines and humor

The Korean daily media headlines and humor

Tuesday, December 12, 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 tickling 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.

Celebrate the Holidays with Family at Miltons Festive Feast

Millennium Seoul Hilton is pleased to present Milton’s Festive Feast, a Christmas dining and entertainment extravaganza perfect for the entire family! Held on Christmas Eve, December 24th, the feast includes a scrumptious buffet, fun entertainment, and even a lucky draw! The event will take place in The Atrium, our special event space on the third floor.

The evening kicks off with the festive buffet at 6pm accompanied by live Christmas music on the piano.

All Aboard The 2017 Hilton Christmas Train!

The accumulated sales of Kia Motors Corp.'s Morning topped the 1 million unit mark last month, the company said Thursday, retaking the title of best-selling minicar in the country. The achievement came more than a decade after Kia Motors launched the first-generation small city car in 2004, according to the company. It marks the first time that any single Kia model has reached the one million milestone.

S. Korean leader sends special envoy to UAE, Lebanon

South Korean President Moon Jae-in has sent his chief of staff as a special envoy to the United Arab Emirates (UAE) and Lebanon, the presidential office Cheong Wa Dae said Sunday. Im Jong-seok paid a visit to Mohammed bin Zayed Al Nahyan, the crown prince of Abu Dhabi, earlier Sunday, one day after he began his four-day trip, Cheong Wa Dae spokesman Park Soo-hyun told reporters.

S. Korea maintains dominance over global DRAM market in Q3

South Korean tech giants maintained their strong dominance over the global market for dynamic random-access memory (DRAM) chips in the third quarter, data showed Thursday. According to the data compiled by IHS Markit and other industrial sources, Samsung Electronics Co. accounted for 44.5 percent of the market in the third quarter in terms of revenue, followed by SK hynix Inc. with 27.9 percent.

Over 100 take part in ASEAN cultural event at Indonesian Embassy

Mrs. Nila Umar Hadi, spouse of the ambassador of Indonesia in Seoul, hosted an impressive cultural event of the member countries of the ASEAN (Association of Southeast Asian Nations) at her residence on Yeoido in Seoul yesterday with the attendance of the spouses of many ambassadors and other senior diplomats in Seoul.

The participating ladies included Mrs. Tran Thi Lan Hinh of Vietman (spouse of the Vietnamese ambassador), Mrs. Manilath Keodalavong (spouse of the Laotian ambassador), Mrs. Davy Nihm (spouse of the Cambodian ambassador), Mrs. Weeree Thithipooya (spouse of the Thai ambassador), Mrs. Nang Lao Ngin (spouse of the ambassador of Myanmar), and Mrs. Norgart Reiterer (spouse of the EU ambassador).

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

Moon Hopes for Rapprochement in China Visit

President Moon Jae-in has expressed hopes to normalize ties with Beijing ahead of his state visit to China this week. In an interview with China's state-run CCTV that aired on Monday, Moon said he hopes his trip to China would serve as an opportunity for the two nations to recover mutual trust.

The president reiterated Seoul's stance on the deployment of the U.S. THAAD antimissile system, saying it was an "inevitable" decision to defend against North Korean nuclear and missile threats. He said that he recognized Beijing's concerns about THAAD and promised to make sure that it doesn't violate China's security interests.

UN Security Council Discusses N. Korea's Human Rights Abuses for 4th Year

The UN Security Council has condemned North Korea's human rights abuses and urged the regime to improve its human rights conditions.

On Monday, the 15-member Security Council held its fourth annual meeting to discuss human rights abuses in the North over objections from China.

The session was held at the request of the U.S., Britain, France, Sweden, Italy, Japan, Senegal, Ukraine and Uruguay. UN human rights chief Zeid Ra‘ad al-Hussein submitted a video report on North Korean human rights conditions during the session.

H5N6 Strain of AI Confirmed in Yeongam

The government has confirmed that a case of bird flu in South Jeolla Province is highly pathogenic. The Ministry of Agriculture, Food and Rural Affairs said Monday that a case reported from a duck farm in Yeongam County on Sunday tested positive for the highly-pathogenic strain of H5N6.

The ministry said that quarantine officials issued a transportation ban and stepped up disinfection measures at nearby farms. Officials are also currently conducting in-depth inspections on ducks in the region.

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

U.S. to announce N.K. sanctions after legal process: White House

The White House said Monday that new sanctions on North Korea will be announced upon completion of a "legal process." U.S. President Donald Trump vowed last month to impose "additional major sanctions" on North Korea in response to its launch of a powerful new intercontinental ballistic missile. No announcement has been made yet. "We're working through a legal process," White House press secretary Sarah Sanders said during a regular news briefing. "It's a little bit more complicated and once we get through that, we'll be able to walk through a little bit more detail on the reason for some of the delay."

S. Korea confirms highly pathogenic AI at duck farm

South Korea confirmed an outbreak of highly pathogenic avian influenza (AI) at a duck farm in the southwestern region and culled 76,000 ducks to prevent the further spread of the virus, the agriculture ministry said Monday. The H5N6 bird flu was discovered on a farm in Yeongam, 380 kilometers south of Seoul, on Sunday, the Ministry of Agriculture, Food and Rural Affairs said. It marks the fourth confirmation of highly pathogenic AI this season, following two outbreaks in Jeolla Province and one on the southern island of Jeju last month.

Allies advised to expand defense industry ties

The head of South Korea's state arms procurement agency said Tuesday closer defense industry ties with the United States will serve as the driving force of the bilateral alliance.

"Defense industry technology cooperation is a cornerstone to expand the base for the South Korea-U.S. alliance and guarantee the interoperability of their combined operation," Jeon Jei-guk, chief of the Defense Acquisition Program Administration (DAPA), said in a keynote speech at a forum in Washington, D.C., according to his organization.

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

Economy, security to take center stage in Thursday’s Moon-Xi summit

President Moon Jae-in and his Chinese counterpart Xi Jinping will hold a bilateral summit meeting in Beijing on Thursday, Cheong Wa Dae said Monday. Moon, who will begin the four-day state visit to China on Wednesday, will be meeting with Xi for the third time, and discussions will focus on security issues and ways to improve bilateral ties, Cheong Wa Dae said. Seoul and Beijing, however, will not issue a joint statement in light of differences in the two sides’ positions on issues surrounding the US Terminal High Altitude Area Defense missile system.

Samsung to improve Galaxy S9 iris scanner: source

The iris scanner of Samsung’s upcoming flagship smartphone Galaxy S9 will be improved to better recognize users’ eyes, a step that the firm hopes would solidify its lead in biometric verification technology for banking transactions.

Iris recognition is biometric identification that uses irises of an individual’s eyes, whose complex patterns are unique, stable, and can be seen from some distance. Galaxy S9’s iris scanner will have an improved camera lens and functions to make it better to recognize the eyes of users,” a source familiar with the matter told The Korea Herald.

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

South Korea mulls all-out ban on Bitcoin transactions

South Korea is considering banning all kinds of cryptocurrency transactions in the country as a way to cool down the worldwide craze for digital currencies, the top financial regulator said Monday. "I don't see bitcoin transactions as financial deals," Financial Services Commission (FSC) Chairman Choi Jong-ku said in a luncheon meeting with reporters. "They are not institutionalized transactions. So the authorities never allow futures trading of such currencies."

Migrant workers make 64% of Korean workers' pay

Migrant workers are paid 64 percent that of Koreans ― which is the greatest pay gap between the two groups among OECD member states, according to a report. The report released by the Bank of Korea showed that putting domestic workers' pay at 100, migrant workers are paid 64 in Korea. The OECD average was 87. This is attributed to labor policies which have mostly accepted low-skilled workers on a temporary basis.

Korean version of Silicon Valley to open near Seoul

A Korean version of Silicon Valley in the U.S. will be built in Pangyo, Gyeonggi Province, to nurture start-ups as the country's new growth engines. It aims at enabling anyone with innovative ideas to start their own business by providing one-stop full-support service. The government unveiled the blueprint for Pangyo Techno Valley II at an economy-related ministers' meeting held at Pangyo, southeastern Seoul, Monday. Innovative growth is one of the two main pillars of the Moon administration's economic policy along with income-led growth.

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

China urges S. Korea to address THAAD issue

The deployment of the THAAD system in South Korea is an obstacle to China’s relations with the nation. Restoring the relationship would not be possible without first resolving THAAD issues thoroughly.”

Wei Wei, the vice president of the Chinese People’s Institute of Foreign Affairs (CPIFA), was quoted as saying at the Korea-China Future Development Think Tank High-level Forum, which was held in Beijing on Monday. While the forum was designed to promote mutual understanding and amity between the two countries and discuss ways to improve their relations, the focal point of discussion was the Terminal High Altitude Area Defense missile system.

Safeguards will cut sales of Korean washers by half,’ says ITC

The exports of washing machines produced by Samsung Electronics and LG Electronics to the United States will likely halve once the International Trade Commission (ITC)’s recommendation to initiate safeguards on foreign washing machines is adopted by the U.S. government, according to the analysis of the commission. The ITC submitted a report including its recommendation to introduce safeguards to U.S. President Donald Trump on last Monday.

N. Korea is likely to declare itself as nuclear power

North Korean leader Kim Jong Un has climbed to the top of the 2,750-meter Mount Baekdu in the intense cold in early December. Kim, who has made special announcements after climbing the “sacred” mountain, is likely to declare his regime as a nuclear power in the near future.

The official state newspaper Rodong Sinmun reported on Saturday that Kim Jong Un scaled to the highest Janggun Peak of Mount Baekdu together with Choe Ryong Hae, a vice chairman of the regime’s ruling Workers’ Party.

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

THAAD Row Looms Over Korea-China Summit

President Moon Jae-in and his Chinese counterpart Xi Jinping will not issue a joint statement after they meet in Beijing on Thursday due to differences over the U.S.' deployment of a THAAD missile defense battery here, Cheong Wa Dae said Monday. There will also be no joint press conference after the summit. China is gradually ending an unofficial boycott of Korean goods and services over the THAAD deployment, which it believes is intended to hold its military power in the region in check.

UN Envoy Urges Peace on N.Korean Officials

A senior UN envoy says North Korean officials agreed with him that "the current situation was the most tense and dangerous peace and security issue in the world today." UN Under Secretary-General for Political Affairs Jeffrey Feltman made the remarks on returning from a trip to North Korea last Saturday. Feltman started his visit to the North on Dec. 5. He said he exchanged views with North Korean Foreign Minister Ri Yong-ho and Vice Foreign Minister Pak Myong-guk.

UN Envoy Urges Peace on N.Korean Officials

A senior UN envoy says North Korean officials agreed with him that "the current situation was the most tense and dangerous peace and security issue in the world today." UN Under Secretary-General for Political Affairs Jeffrey Feltman made the remarks on returning from a trip to North Korea last Saturday. Feltman started his visit to the North on Dec. 5. He said he exchanged views with North Korean Foreign Minister Ri Yong-ho and Vice Foreign Minister Pak Myong-guk.

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

North Korean regime pressures fishermen to take deadly risks in bid to increase yield

At 10:20 on the morning of Dec. 7, a Japanese Coast Guard ship was pulling a North Korean wooden fishing boat into Ryotsu Harbor on Sado Island, in Japan’s Niigata Prefecture. The boat that came into view was old and decrepit, hardly better than a rowboat. It looked slightly bigger than the boats used by hobby fisherman. It was hard to believe that such a ship was used for commercial fishing in the middle of the ocean. The 12 meter long fishing boat had been found around half past six that morning, tangled up in fishing nets. The prow of the boat said, “August and September are the months for preventing boating accidents.” Below that was written, “Korean People’s Army Unit ×××, Boat Number 594-56843, Cho Cheon-il, manager.”

Nepotism remains prevalent at Korean chaebols

The offspring of founding families won swift promotions in yet another round of chaebol executive appointments this year. Some of the third-generation descendants became “star” executives within four years of joining the company, while others rose up the corporate ladder six times faster than the executives promoted alongside them. Critics charge that descendants with unproven abilities are being recklessly promoted in order to speed inheritance of management rights. A Dec. 10 examination of data on year-end appointments for major chaebol companies showed Hyundai Heavy Industries (HHI) senior executive director Chung Ki-sun, the 35-year-old oldest son of ASAN Foundation chairman Chung Mong-joon, being promoted to HHI vice president and Hyundai Global Service CEO.

UN Undersecretary-General arrives in Beijing after North Korea visit

UN Undersecretary-General for Political Affairs Jeffrey Feltman arrived in Beijing on Dec. 9 following a five-day visit to North Korea. In a press release, the UN announced that Feltman and senior North Korean officials “agreed that the current situation [on the Korean Peninsula] was the most tense and dangerous peace and security issue in the world today.” North Korean Central News Agency reported the same day that Feltman and the officials had “held talks on topics of mutual interest, including the cooperative relationship between [North Korea] and the UN, cooperation with UN organizations, and the political situation on the [Korean] Peninsula.”

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

Bitcoin’s peaks and valleys are craziest in Korea

The price of bitcoin in Korea went on a wild rollercoaster ride over the weekend, losing as much as 40 percent in value at one point. Behind the convulsions were a number of factors triggering investor panic, including a scam perpetrated by a high school student. Bitcoin’s global price enjoyed a fantastic run last week, going from around $11,000 on Monday to as high as $18,000 on Friday. But it dropped as low as $13,000 on Sunday, around a 25 percent fall. The price swings were more violent in Korea than on other cryptocurrency markets in other countries.

Moon is in for tough talks in Beijing with Xi

Leaders of Korea and China will not issue a joint statement after a summit later this week, a senior Blue House official said Monday, an admission that President Moon Jae-in will face some tough talk when he meets Chinese President Xi Jinping in Beijing. The two countries are not in a situation to present a mutually acceptable position on a pending issue,” a senior Blue House official said Monday. “Therefore, we decided not to issue a joint statement after the summit.” Area Defense (Thaad) missile shield in Korea.

26 ‘comfort women’ sent to south Pacific isles

At least 26 Korean girls and women were stranded on an island in the South Pacific to serve as sex slaves for Japanese naval forces during World War II, local authorities said Monday. The Seoul Metropolitan Government and Seoul National University’s Human Rights Center said historical documents have been found that prove that Korean girls and women were forced into sexual enslavement on the Chuuk Islands, at the time a home to a major Japanese naval base.

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

"Quick Steps" in Rooting out Problematic People, While Reforms to the System Remain in Place

The impeachment of former President Park Geun-hye provided an opportunity to drill out the long-established bad practices put in place during nine years of a conservative government. The Moon Jae-in government, which launched with the support of the candlelight people, presented the eradication of long-established irregularities as its key state task. The government aimed to right a state power system gone awry. Its efforts were divided in two directions: holding people responsible and changing the system.

A Closer Look into the Welfare Budget Cut by 1 Trillion Won: 220 Billion won Cut from "Moon Jae-in Care" and Cuts in Child Benefits and Basic Pension

More than one trillion won was cut from the budget overseen by the Ministry of Health and Welfare as lawmakers reviewed and finalized the 2018 budget. As the government prepares to launch "Moon Jae-in care," which aims to expand health insurance coverage, state support for health insurance has been cut to the lowest ever. Lawmakers also reduced the number of children subject to child benefits and postponed the payment of a higher basic pension.

In an Age of the 4th Industrial Revolution, Government Cuts Welfare and Increases SOC

The National Assembly passed next year's budget in the early hours of December 6, and a closer look shows that the lawmakers cut the budget for welfare and greatly increased the budget for social overhead capital (SOC) compared to the government's original proposal in the process of reviewing the budget. Next year's budget for health, welfare and employment has been finalized at 144.7 trillion won. Although the welfare budget increased by 11.7% compared to this year, the budget is 1.5 trillion won smaller than the initial government proposal (146.2 trillion won).

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

Tourism and Duty-free Industries Hopeful about Improving Korea-China Relations

As Korea and China are set to improve their relationship that was rocked by the controversy over the Terminal High Altitude Area Defense (THAAD) anti-ballistic missile system, Korea's tourism and duty-free shopping industries are raising their hopes of better days. The tourism industry believes that the Chinese government's group tour ban to Korea would be relaxed soon. A travel agency in Hebei posted an Internet ad recently for a group tour program to Korea in November at the price of 1,480 yuan(US$223). China's largest online travel agency trip also put out group tour programs to Korea for the first time in seven months.

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.

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.

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

Hyundai Motor ready to use Samsung batteries for eco-friendly vehicles

South Korea's leading Hyundai auto group is ready to cooperate with any domestic companies, including a battery-making unit of its domestic rival, Samsung Group, to enhance competitiveness in eco-friendly vehicles, a senior Hyundai official said. For their eco-friendly vehicles, Hyundai and its affiliate, Kia Motors, have never used batteries produced by Samsung SDI, relying heavily on two other battery producers, LG Chem and SK Innovation.

Kumho Tire rebounds over reported acquisition proposal by domestic company

Shares of Kumho Tire rebounded for the second consecutive day on Tuesday after regulators demanded the troubled company issue a public notice over a domestic company's reported proposal to acquire it through paid-in capital increase. In early trading, Kumho Tire was up about eight percent from Monday's close of 3,830 won (3.5 US dollars). The debt-stricken tire maker was put under a debt restructuring program by creditors following a failed attempt to sell a controlling stake to a Chinese company.

Incheon airport operators submit proposals for JFK airport renovation

Operators of South Korea's main gateway west of Seoul have sent a tender for the renovation of John F. Kennedy International Airport, a pet project of New York Governor Andrew Cuomo. Incheon International Airport Corp. said Friday that it has sent bid proposals to renovate JFK's Terminal 1 and run it for 30 years. The Port Authority of New York and New Jersey, which operates JFK, has accepted proposals from private firms for the $10 billion project. The Incheon airport has been rated the world's best, cleanest, and best international transit airport, earning good marks for its fast and convenient service in customs processing.

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

Korea’s construction trade surplus narrows to 10-yr low

South Korea’s trade surplus in construction hit a ten-year low in October as depressed oil prices have stalled infrastructure orders in the Middle East.

According to data released by the Bank of Korea on Sunday, Korea posted a trade surplus of $428.7 million in the construction sector in October, down 32.9 percent from a year earlier. This is the lowest figure since the $390.7 million recorded in Feb. 2007. Construction trade balance is money generated from overseas construction minus wages and local procurement costs.

Korean carbon and alloy steel pipes hit with up to 88% anti-dumping duties from Canada

The Canadian government slapped final anti-dumping duties of up to 88 percent on certain carbon and alloy steel line pipe imports from South Korea. According to the Korea Trade-Investment Promotion Agency (KOTRA) on Sunday, the Canada Border Services Agency delivered its final set of anti-dumping rates ranging from 4.1 percent to 88.1 percent on carbon and alloy steel line pipe shipment from Korea from January 4, 2018 to 2022.

LG-affiliated Jiheung to be sold to new owner

Korean auto parts maker Jiheung Co. which is affiliated with LG Group, will sell off its sensor business to Dongyang Sensor Co., a decision believed to be in compliance with the government’s stronger watch on cross-affiliate transactions in family-controlled conglomerates. Jiheung is wholly owned by Koo Hyung-mo, manager at LG Electronics Inc. and the eldest son of LG Corporation vice chairman Koo Bon-jun. Jiheung has been subject to the anti-trust laws to prohibit profiteering by conglomerate owners and their family members.

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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

Japan's Yomiuri www.yomiuri.co.jp japannews@yomiuri.com

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

Mainichi www.mainichi.jp

Le Monde www.ilemonde.com

Italy LaRepubblica www.quotidiano.repubblica.it vittorio.zucconi@gmail.com

Germany Frankfurter AllgemeineZeitung www.faz.net anzeigen.ausland@faz.de

SüddeutscheZeitung www.sueddeutsche.de forum@sueddeutsche.de

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

Sydney Morning Heraldwww.smh.com.au

Colombia Reports http://colombiareports.com

Bogota Free Planet http://bogotafreeplanet.combfp@bogotafreeplanet.com

El Universal http://www.eluniversal.com.mx/english

Andes http://www.andes.info.ec/en

Ecuador Times http://www.ecuadortimes.net

The Jordan Times https://www.jordantimes.com

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

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

El Pais http://elpais.com/elpais/inenglish.html

Philippine Daily Inquirer https://www.inquirer.net

Daily News Hungary http://dailynewshungary.com

Budapest Times http://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.

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TO ERR ON THE SAFER SIDE!

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Please visit the following URLs and order us:

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To satisfy your information dissemination-acquisition requirements, please drop a line at edt@koreapost.com, pub@koreapost.com or yeskoreapost@gmail.com

The publisher-chairman of The Korea Post media is serving the Diplomatic Community for more than 40 years, 32 years with The Korea Post and 10 years with The Korea Herald as the Cultural Editor who covered the Diplomatic Community.

For quick response, call Chairman Lee directly at 010-5201-1740 or reporters at 010-3388-1682 or 010-7584-5873.

Kim Sua  edt@koreapost.com

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