The Korean daily media headlines and humor
The Korean daily media headlines and humor
  • Lee Kyung-sik
  • 승인 2018.03.26 13:59
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The Korean daily media headlines and humor

Monday, March 26, 2018

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:

If the Headlines are not desirerd, please advise us at: or

Very Respectfully Yours


Lee Kyung-sik


Korea Post Media


Round-up of important news stories from major Korean dailies today:

The Korea Post media ( in English, ( in Korean.

Cabinet to approve constitutional revision proposal

The government was set to approve a constitutional revision proposal in a Cabinet meeting on Monday before sending it to the National Assembly as the main opposition party vows to do everything it can to derail it.Once the proposal passes through the Cabinet meeting, President Moon Jae-in plans to sign it electronically from the United Arab Emirates, where he has been since Saturday, so that the measure can be sent to the National Assembly for approval.The Cabinet meeting will be presided over by Prime Minister Lee Nak-yon.The government put together the proposal on its own as opposition parties showed no signs of willingness to cooperate for its push to hold a national referendum on revising the highest law at the same time as June's mayoral and gubernatorial elections.

LG Electronics' production of DD motors for washers hits 70 mln units

LG Electronics Inc. said Monday its accumulated production of inverter direct drive (DD) motors for washing machines has reached 70 million units since it was first introduced in 1998.The South Korean tech giant claims the inverter direct drive motor can significantly reduce noise and vibration of washers by connecting the motor and container directly, which also leads to better durability and energy efficiency.LG said half of the production volume came from its line in Changwon, 398 kilometers south of Seoul. The annual production reached the 1-million mark in 2005, with the number growing sharply to hit a whopping 8 million units in 2017 alone.The company added that the length of wires used in the 70 million motors is equal to the distance of 22 round trips from the Earth to the moon.The company said its inverter DD motors are certified from credible organizations around the globe, including the Verband Deutscher Elektrotechniker of Germany.

Prosecutors likely to question ex-President Lee in jail early this week

Prosecutors are expected to question former President Lee Myung-bak early this week, in what will be the first interrogation after his arrest last week over a string of corruption charges.Lee was taken into custody on early Thursday, after a court issued an arrest warrant over 12 counts of corruption including bribery, abuse of power and embezzlement, following a five-month probe by the Seoul Central District Prosecutors' Office.He was escorted to the Seoul Eastern Detention Center and placed in a solitary cell.Prosecutors chose not to question him the next day, as part of courtesy for the former head of state.



Fine Dust Reduction Measures Issued for Seoul Metropolitan Area

Fine dust reduction measures were issued for Seoul and its surrounding areas effective Monday as dust pollution soared to alarming levels. Under the measures, announced by the Environment Ministry on Sunday, about 527-thousand public officials in the capital region are subject to the alternate day driving system, in which cars with license plates ending with even or odd numbers stay off the road based on the corresponding date. Over 100 air pollutant emission facilities operated by public organizations are required to shorten operations, while 476 construction sites will also shorten operating hours and take steps to prevent the production of fine dust. Seoul City also announced it is closing all of its 456 public parking spaces.

S. Korea, UAE Agree to Upgrade Ties to Special Strategic Partnership

South Korea and the United Arab Emirates (UAE) have agreed to upgrade their relations into a "special strategic partnership." The agreement came on Sunday during a summit between President Moon Jae-in and UAE Crown Prince Mohammed bin Zayed Al-Nahyan in Abu Dhabi. While agreeing to place theie relations to a notch, the two leaders also decided to set up a vice ministerial-level consultative group in diplomacy and defense. The two nations had agreed to launch the so-called "Two-Plus-Two" dialogue involving their top defense and foreign officials when Khaldoon Al Mubarak, chairman of the Executive Affairs Authority of Abu Dhabi visited Seoul in January.Moon and the UAE leader held one-on-one summit talks, which was followed by an extended summit in the presence of Moon's Presidential Chief of Staff Im Jong-seok and Khaldoon.

Moon: UAE Vows Support for S. Korea's Bid for Saudi Nuclear Power Plant Project

President Moon Jae-in says that the United Arab Emirates(UAE) has pledged its support for South Korea's efforts to take part in Saudi Arabia's project to build nuclear power plants.Moon made the remarks on Sunday in Abu Dhabi during a meeting with Khaldoon Al Mubarak, chairman of the Executive Affairs Authority of Abu Dhabi, and Sultan Ahmed Al Jaber, Chief Executive of Abu Dhabi National Oil Company(ADNOC).The president said that Crown Prince Mohammed bin Zayed Al-Nahyan and he also discussed bilateral cooperation in the agricultural sector during a lunch following their summit on Sunday. Moon said that the Crown Prince asked for Seoul's cooperation and support on the UAE's efforts to increase farm production, and he pledged active support. The meeting was attended by top Seoul officials, including Finance Minister Kim Dong-yeon, Foreign Minister Kang Kyung-wha and Presidential Chief of Staff Im Jong-seok.


Yonhap (

S. Korea's national debt hits record high in 2017

South Korea's national debt surpassed the 650 trillion-won (US$602 billion) mark to hit a record high last year due to a shortfall in general fiscal accounts, the finance ministry said Monday.The national debt that covers the central and provincial governments' accounts and funds reached 660.7 trillion won in 2017, up 33.8 trillion won from a year earlier, according to the 2017 settlement of accounts endorsed by the Cabinet. The report will be submitted to the National Assembly by May after a review by the Board of Audit and Inspection.The debt growth seen last year marks the slowest in 13 years, the ministry said.It accounted for 38.6 percent of the country's gross domestic product (GDP), up 0.3 percentage point from a year earlier.

S. Korea to reinforce trade ministry to deal with protectionism

South Korea's trade ministry said Monday it will beef up staff tasked with trade negotiations and disputes to better deal with the rising protectionism by major trading partners and help companies diversify into new markets.The Ministry of Trade, Industry and Energy said its reorganization plan received approval from the Cabinet meeting, which would raise the number of staff at the trade negotiation department from the current 280 to 311. The latest move comes as Seoul has faced increased import restrictions by the U.S., including safeguard duties on its washers and solar panels and proposed tariffs on steel products, under President Donald Trump's "America First" policy.The looming trade war between the United States and China, South Korea's two biggest trading partners, has also raised concerns over rising uncertainties for exports.

Gov't to focus on boosting job creation, low birth rate in mapping out 2019 budget

The government's fiscal policy for next year will be centered on boosting job creation and innovative growth, while at the same time tackling South Korea's low birthrate trend and aging society, the finance ministry said Monday.The 2019 budget guidelines, which were approved by the Cabinet, are also aimed at improving fiscal efficiency and allocating government funds to pressing issues, according to the Ministry of Strategy and Finance.The finance ministry said it will expand government spending in four key sectors -- boosting job creation for young people, promoting innovative growth, strengthening the country's social security system, and overcoming the low birthrate and the aging society -- that are critical for sustainable growth.It will also streamline all subsidy programs and remove redundant plans in order to increase efficiency in state budget spending.


The Korea Herald (

Warnings issued as dust level spikes

As fine dust reached its highest level for March -- rising three to four times higher than the average recorded since 2015 -- over the weekend, the Environment Ministry issued warnings and the government announced measures in response to the situation Sunday. The Ministry of Environment issued emergency pollution measures and convened an emergency situation room to monitor the air quality. It also asked local governments to take appropriate measures against the increase of fine dust in the atmosphere.

Korea, US reach agreement ‘in principle’: Trade Minister

South Korea and the United States have reached an agreement “in principle” on renegotiation of their free trade agreement, said the trade minister who returned from the US on Sunday, signaling that three-month-long talks have come to an end. The two countries started renegotiating the deal after the Trump administration called for a revision in June last year on the grounds of the nation’s growing trade deficit with Korea. “As for the trade deal and the US steel tariff issue, we reached an agreement in principle,” Trade Minister Kim Hyun-chong told reporters at Incheon Airport on Sunday afternoon.

Two Koreas' high-level talks should finalize details of Moon-Kim summit

Seoul and Pyongyang are likely to focus on finalizing details of the inter-Korean summit scheduled for April when the two sides hold high-level talks on Thursday. “A summit’s success can depend on how much progress has been made throughout its preparation process,” said Kim Yong-hyun, a professor of North Korean studies at Dongguk University. “The main goal of the upcoming high-level talks will have to be about finalizing a specific date for the inter-Korean summit and discussing agenda items linked to the summit,” he added. North Korea on Saturday accepted South Korea’s proposal to hold high-level talks on Thursday to discuss the date and agenda items for an inter-Korean summit scheduled to take place in late April, Seoul’s Ministry of Unification said Saturday.


The Korea Times (

John Bolton: 'North Korea wants to buy time to develop nukes'

North Korea is offering negotiations with the United States in order to buy time to develop its nuclear weapons, the incoming U.S. national security adviser said Sunday.John Bolton, a former ambassador who was tapped by U.S. President Donald Trump last week, gave the assessment as the American leader prepares to meet with North Korean dictator Kim Jong-un to discuss the regime's denuclearization."I think we have to look at what North Korea's motivation is here," Bolton said in an interview on the "Cats Roundtable" radio show. "I think they're very worried that they've got a different president in the White House than Barack Obama. They're worried about the pressure that the president's already put on."

Koreans in US `proud' over ex-president's arrest

News of former South Korean president Lee Myung-bak's arrest over corruption charges made headlines in the U.S., less than a year after his successor was put in jail over a separate, massive corruption scandal.Do Koreans here feel embarrassed over their motherland's popular Blue House to jail house sequence? Not at all.''Embarrased? Isn't this something we should be proud of?'' said Choi Jin-sung, 42, a software engineer based in Phoenix. ''We're demonstrating the fact that even the president of our country will be put to justice if they do something wrong. There is no exception.''Lee, who served as president from 2008 to 2013, was arrested and jailed last Friday over charges of bribery, embezzlement and tax evasion. His immediate successor, former president Park Geun-hye, was sent to prison about a year earlier following her impeachment on bribery and other criminal charges.

Korea, UAE pledges cooperation in defense

President Moon Jae-in and Crown Prince of Abu Dhabi Mohammed bin Zayed Al Nahyan agreed, Sunday, that defense cooperation is the core of relations between Korea and the United Arab Emirates (UAE).The two leaders decided to develop the bilateral relationship from a strategic partnership into a "special strategic partnership."The agreements were made in a summit during Moon's visit to the UAE. This is his first UAE visit since taking office in May.Moon indirectly mentioned a controversy over secret military deals with the UAE reached during former President Lee Myung-bak's term in 2009, and the following dispute between the nations over it."There was a hitch, but the relations between Korea and the UAE have not been damaged at all," Moon was quoted as saying by presidential spokesman Kim Eui-kyeom. "Rather, this became a chance for Korea to gain public sympathy over the two nations' cooperation in the defense sector and to strengthen it."


Chosun Ilbo (

Korea Avoids Steel Tariffs as FTA Renegotiations Conclude

Korea and the U.S. have effectively finished renegotiations of their bilateral free trade agreement that went into effect in 2012. The two sides are expected to announce the results as soon as they fine-tune the details. Trade Minister Kim Hyun-chong said Sunday, "We have reached an agreement in principle on a revised Korea-U.S. FTA and steel tariffs" on Korean exports.Kim was in talks with U.S. trade officials in Washington until Saturday. "A few technical issues remain, but I believe they will be resolved soon," he added. He is to brief the Cabinet on Monday.Korea apparently made considerable concessions in the automotive sector, which the U.S. has cited as the main culprit in America's trade deficit with Korea. But in exchange it was spared heavy tariffs on steel exports to the U.S.

Most Workers Dissatisfied with Working Conditions

Seven out of every 10 workers in Korea are dissatisfied with their working conditions, a straw poll suggests. Hankook Research polled 1,000 office workers between 20 and 59 for office furniture maker Fursys and found that 67.1 percent are unhappy with their working environment.Cramped office space, inconvenient layouts and a lack of personal space accounted for 37.8 percent of the complaints, followed by poor air quality, air conditioning or heating and noise with 29.9 percent, and office furniture with 21.9 percent. Some 79 percent said the office environment affects work satisfaction.

Anxious Middle-Aged Singles Tighten Purse Strings

Middle-aged singles are tightening their purse strings even though they earn more than other age groups, according to a survey. According to the survey by Shinhan Card published Tuesday, singles in their 40s and 50s consume less, feel lonelier and are more prone to other psychological problems than younger singles.Shinhan Card analyzed some 2,500 single customers and found that the average income of those in their 40s and 50s is higher than in other age groups.Fifty-something singles accounted for a whopping 42.5 percent of households in that age bracket earning more than W3 million a month last year, and those in their 40s for 38.7 percent in their age group.


HanKyoReh Shinmun (

Debt troubles mount for South Korean youth

Choi So-won (28, not her real name), who graduated from a private university in Seoul in 2016, took out 19 million won (US$17,700) in student loans from the Korea Student Aid Foundation (KOSAF) while she was in school. “I took out loans for a total of six semesters of tuition, along with one loan [of 1 million won; US$930] for living expenses, so that’s about what it came out to,” Choi said.For Choi, as a university student, 19 million won felt like shackles from which she would never break free. During her first and second years of university, she managed to juggle work-study and private lessons to pay back 9 million won (US$8,400) of the original loan, but her debt piled up when she took out more student loans the next semester. During her junior and senior years, her focus shifted from part-time work to keeping track of her college credits and preparing for the workforce. “At first, my only thought was that I wanted to pay back my debt as soon as possible. But no matter how hard you try, there’s a limit to how much money you can save as a student, you know? So at some point I just gave up. I figured that there was no way to pay back the money now and that I would pay it back later, after I got a job,” she said.

April 3 Massacre on the Olle Trail

This year marks the 70th anniversary of the April 3 Uprising and Massacre in Jeju. A tragedy of contemporary South Korean history, the event had an estimated death toll between 25,000 and over 30,000 – representing 10% of Jeju Island’s population at the time. The Special Act on the Jeju April 3 Incident blandly defines it as “an incident extending from March 1, 1947, through the turbulence that erupted on April 3, 1948, and on to September 21, 1954, in which residents were killed due to armed clashes and suppression tactics.” But it was a tragedy of contemporary South Korean history, and the scars remain to this day.For close to 50 years, the massacre remained a taboo topic. The late former President Roh Moo-hyun apologized in Oct. 2003 for the excessive measures taken by state authorities to quash the uprising, but subsequent conservative administrations saw numerous attempts by the right to misrepresent the event. For the 70th anniversary of the uprising, the Hankyoreh is reflecting on its contemporary meaning with a five part series. The symbol of April 3 is the camellia, a flower that represents the Jeju residents who fell silently to the cold earth like red petals on that day.

Lee Myung-bak arrested following three-month prosecutorial investigation

The former president is accused of a wide variety of changes, including bribery and misuse of public funds.Former president Lee Myung-bak, 77, who was taken into custody on Mar. 22, first became an investigation target for prosecutors around three months ago. Speaking on Mar. 22, a senior official with the prosecutors explained, “While an investigation into National Intelligence Service (NIS) election interference and other matters had been taking place, it was in January of this year that a full-scale investigation began with the presumption that former President Lee would be punished.”


JoongAng Ilbo (

Korea, UAE upgrade strategic partnership

Leaders of Korea and the United Arab Emirates (UAE) agreed Sunday to elevate their bilateral relations to a special strategic partnership during a summit in the capital city of the Middle Eastern nation. President Moon Jae-in met with Sheikh Mohammed bin Zayed bin Sultan Al Nahyan, the crown prince of Abu Dhabi, for a summit and agreed to upgrade the two countries’ ties to the next level. Currently it is a strategic partnership.The UAE is the third country Korea formed a special strategic partnership with after India in 2015 and Indonesia in 2017. “I am confident that Korea-UAE relations will advance further in various areas through the president’s visit,” the crown prince said in his opening remarks for the summit. “I am extremely thrilled to visit the UAE as my first Middle East destination since I took office,” Moon replied, expressing his appreciation for the opportunity to discuss advancement of bilateral relations.

Fine dust levels soar across nation

Much of Korea was blanketed with fine dust over the weekend, prompting many to stay at home to avoid breathing air that could cause a variety of respiratory diseases. Korea saw its fine dust level surge on the final weekend of March to an alarming level, with Seoul seeing a daily average of more than 100 micrograms of PM 2.5 fine dust particles per cubic meter on Sunday. But the bad air extended across the nation. The World Health Organization described fine dust particles as carcinogenic in 2013 and recommends exposure of no more than a daily average of 25 micrograms. PM 2.5 fine dust particles are less than 2.5 micrometers in diameter, about 30 times smaller than the width of a human hair, and can travel through the respiratory tract into the bloodstream.

Genesis will show electric concept car in N.Y. show

Hyundai Motor’s luxury Genesis brand is going electric. According to sources in the auto industry on Sunday, Genesis plans to introduce a prototype of its first electric car at the New York International Auto Show, which begins Friday.It is only a concept car, meaning commercial production is not even planned. But it is a good hint at the technologies that may show up in future Genesis lineups. The prototype being showcased in New York is expected to be a gran turismo, or grand tourer, a high-performing luxury car capable of driving long distances at high-speeds. Based on the prototype, Genesis is preparing to produce an electric car that runs over 500 kilometers (310 miles) per charge in 2021. According to a reliable source in the auto industry, the car will be a high-performance electric sports coupe.


The KyungHyang Shinmun (

Lee Myung-bak Arrested: Fourth Former President to Be Prosecuted

Former President Lee Myung-bak (77) was arrested on March 22 for allegedly receiving 11 billion won in bribes and embezzling 35 billion won. This day, the former president expressed his intention not to attend the hearing on his arrest warrant and was later arrested at his home and detained at a detention center when his arrest warrant was issued.Thus former President Lee has become the fourth former president to be arrested for corruption during his term in office following former presidents Roh Tae-woo, Chun Doo-hwan and Park Geun-hye. Former President Lee was arrested a year after former President Park's arrest for the abuse of state authority, and now the decade under the conservative governments of Lee Myung-bak and Park Geun-hye will go down in history disgraced, as a time of regression.

We Need Constitutional Amendments for Decentralization and Political Reforms

On March 22, Cheong Wa Dae made the final announcement on the constitutional amendment proposed by President Moon Jae-in concerning the nation's power structure, electoral system, and judicial system. The amendment presented a presidential system with a two four-year term and reduced the authority of the president by separating the Board of Audit and Inspection under the president into an independent agency. The amendment strengthened the power of the National Assembly and the prime minister, but reduced the authority concerning personnel appointments of the chief justice of the Supreme Court. It also stipulated the proportionality of elections and included a proposal to lower the voting age to eighteen. We agree with the constitutional amendment that seeks to disperse the power of the president and the chief justice of the Supreme Court and to establish a foundation for political reforms.

We Hope to Witness a Summit of North and South Korea and the United States

On March 21, President Moon Jae-in said, "Depending on the progress of the inter-Korean summit and the summit between North Korea and the United States, the situation could lead to a summit of the three nations." This day, President Moon joined the committee overseeing preparations for the inter-Korean summit and said, "We must completely resolve the issue of nuclear weapons and peace on the Korean Peninsula with the upcoming talks and ensuing future talks." He also said, "We have a clear goal and vision of what we want to achieve through the agreement with the leaders of North Korea and the U.S."


AJU Business Daily (

Summit reveals S. Korean strategy to reduce reliance on superpowers

The summit between President Moon Jae-in and his Vietnamese counterpart, Tran Dai Quang, revealed a strategy to use the Southeast Asian country as a springboard for South Korea to reduce its heavy trade and economic reliance on China and the United States.The summit on Friday in Hanoi comes amid growing concerns over a possible trade war between Washington and Beijing that could hurt exports of South Korean goods.In response to Chinese President Xi Jining's trademark "One Road and One Belt" initiative that focuses on connectivity and cooperation between Eurasian countries, Moon has unveiled his own initiative called "New South Policy" to enhance ties with Southeast Asian countries and India.For his initiative, Moon has picked Vietnam as the most important strategic partner among ten members of the Association of Southeast Asian Nations (ASEAN).

Conservative ex-president Lee Myung-bak arrested for alleged corruption

South Korea's conservative ex-president Lee Myung-bak landed in jail for alleged corruption and other illegal activities, becoming the country's fourth national leader to be imprisoned, as his disgraced successor is on trial for her role in a massive corruption scandal.Prosecutors escorted Lee out of his home into a detention center in eastern Seoul after a Seoul court issued an arrest warrant shortly before midnight Thursday. Like his jailed successor, Park Geun-hye, Lee was housed in a solitary cell.Lee, a former Seoul mayor who served as president from 2008 to early 2013, faces multiple charges including bribery, embezzlement, tax evasion, breach of trust and abuse of power.Lee, 76, has denied any wrongdoing, describing the probe as political retaliation for the death of his predecessor, Roh Moo-hyun, who threw himself off a mountain cliff in 2009 following a humiliating probe into alleged corruption involving his family.

China emerges as key topic in Samsung shareholders meeting

China was a major topic at a meeting of Samsung Electronics shareholders Friday, with top executives responding to a flurry of questions over how to head off a daunting challenge by Chinese smartphones, microchips and displays.It was Samsung's first shareholders' meeting since Vice Chairman Jay Y. Lee, the virtual head of South Korea's largest conglomerate, was released in February with a suspended jail sentence that ceased a year-long state of the leadership vacuum. Lee stayed away as part of his low-key publicity campaign. Kwon Oh-hyun, the chairman of Samsung's board of directors, took the helm and said in an opening speech: "This year the proliferation of protectionism and geopolitical risks will increase uncertainties in our business environment, and our company faces a new challenge because of a rapid paradigm shift in the IT industry."


Maeil Business News Korea (

Hyundai Motor to showcase Genesis EV concept car in New York

South Korea’s largest automaker Hyundai Motor Co. will unveil its first electric vehicle concept model for its Genesis luxury sedan at the New York International Auto Show on Thursday. The concept car would be a prelude to the commercial vehicles due for roll-out in 2021, according to industry sources on Sunday. The new Genesis EV would take the form of a gran turismo (GT), a performance and luxury automobile capable of high speed and long-distance driving. The mass-produced EVs to be launched in 2021 would be able to travel 500 kilometers on a single charge, a driving range similar to that of conventional petrol and diesel cars, said the company. Hyundai Motor said it is also developing EV platforms that would speed up the production of cars with different battery capacity.

Hana Financial Investment seeks $649mn to become mega bank

South Korea’s Hana Financial Investment Co. plans to raise 700 billion won ($648.7 million) through sale of new shares to build up its business to a size on par with mega investment banks. The company said on Friday the decision to seek a rights offering was approved by its shareholders and board members as well as the board of Hana Financial Group Inc., the investment holding entity which owns a 100 percent stake in the firm. The payment must be made by Monday. The rights issue would push up Hana Financial Investment’s equity to 2.69 trillion won from 1.99 trillion won as of last December. Its equity capital is expected to be around 2.5 trillion won after paying out 150.5 billion won in dividends.

S. Korea’s Celltrion vows to become top 3 global biotech firm by 2020: Chairman

South Korea’s leading biosimilar firm Celltrion Inc. chairman has revealed the company’s bold ambition to become one of the world’s top three biotechnology firms by 2020 by developing its own new drugs and vaccines. “We will strive to become a comprehensive pharmaceutical firm… and also world’s top three biotechnology company by 2020 along with Genentech and Amgen,” Seo Jung-jin, the company’s chairman, said in a meeting with shareholders on Friday. Seo participated in the meeting held at Songdo Convensia in Incheon, Gyeonggi Province, over the phone as he is currently away for business trip in Vienna, Austria, to promote overseas marketing of its biosimilars. During the 40-minute phone call, Seo shared the company’s aggressive goals and plans, including building an active pharmaceutical ingredient (API) production facility in Asia as an alternative option to expand its facility. The company earlier announced it would build a third production facility overseas and single out a possible location in the first half of this year.


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