The Korean daily media headlines and humor
The Korean daily media headlines and humor
  • Lee Kyung-sik
  • 승인 2018.04.10 11:19
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The Korean daily media headlines and humor

Tuesday, April 10, 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 no longer desired, 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.

U.S. should get N.K. commitment to abandon nukes: Victor Cha

The United States should get North Korea to commit to abandoning all nuclear weapons and nuclear programs, not just the broadly defined "denuclearization" of the Korean Peninsula, a former U.S. nuclear negotiator said Monday.Victor Cha, who served on the National Security Council of George W. Bush, said his past experience of negotiating with Pyongyang over its nuclear weapons program taught him that the word "denuclearization" means very little."What it means in the broader context is North Korea would be ready to give up its nuclear weapons program if U.S. hostile policy ended," he said at an event at the Council on Foreign Relations.And the hostile policy, according to Pyongyang, means everything from the U.S. alliances in Asia to its nuclear umbrella and extended deterrence to American troops in South Korea.

Creditors to put STX Offshore under court receivership

Creditors of STX Offshore & Shipbuilding Co. said Tuesday they will place the debt-ridden shipbuilder under court receivership "in principle" as its union failed to accept the company's self-rescue plans.Creditors led by the state-run Korea Development Bank (KDB) had said before the deadline that expired at midnight Monday that they can issue refund guarantees for new ships and keep the company afloat if STX Offshore and its union agree on a package of self-help programs that includes a 75 percent job reduction.But the union refused to accept the proposed massive layoffs though it agreed on a voluntary retirement program and other reductions in work benefits.STX Offshore is set to hold a board meeting to discuss steps to file for court receivership as the company finds there is no other option but to reduce the workforce under the court-led restructuring and seek a potential buyer for the shipbuilder.

S. Korea to fly some warplanes grounded after F-15K crash

South Korea's Air Force said Monday it is set to start flying warplanes grounded after an F-15K jet crash last week.The Air Force suspended flights of most of its aircraft after the plane crashed into a mountain in Chilgok, North Gyeongsang Province, on Thursday. Two pilots were killed, although there was no civilian damage reported."(We) plan to resume flight missions from tomorrow, except for the F-15K fleet," Lt. Col. Cho Se-yong, a spokesman for the Air Force, told reporters. Safety checks and measures were taken over the weekend, he added.



Trump Says He'll Meet Kim Jong-un in May or Early June

U.S. President Donald Trump said he plans to meet with North Korean leader Kim Jong-un next month or in early June and expressed hopes to reach a deal on denuclearizing the regime.Trump made the remarks on Monday at the beginning of a cabinet meeting at the White House, acknowledging the two sides were in talks to prepare for the meeting.He said that the U.S. will be meeting with North Korea sometime in May or early June, adding there'll be great respect paid by both parties and hopefully the two sides will make a deal on denuclearizing the North.Trump also expressed hope that it will be a relationship that is much different than it's been for many years.

N. Korean FM Visits Russia for Talks on Bilateral Cooperation

North Korean Foreign Minister Ri Yong-ho is in Russia to meet with high-ranking government officials. Ri arrived in Moscow on Monday for a three-day visit. He flew from Turkmenistan after participating in the two-day Nonaligned Movement conference held in Baku, Azerbaijan through last Friday. Ri declined to answer questions from South Korean, Japanese and Russian reporters who greeted him upon his arrival in Moscow. He is scheduled to meet with Russian Foreign Minister Sergei Lavrov on Tuesday. The Foreign Ministry in Moscow said in a statement that Ri and Lavrov will discuss bilateral cooperation and a wide range of international issues.

Moon Calls for Swift Parliamentary Approval of Extra Budget Bill

President Moon Jae-in has called for swift parliamentary approval of a supplementary budget bill.During a meeting with his aides at the presidential office on Monday, Moon expressed regret over the cancellation of a scheduled parliamentary speech by Prime Minister Lee Nak-yon. Lee was expected to speak about the government’s extra budget plan in the day, but it was called off due to the parliamentary standoff over disputed bills and a constitutional revision. Moon said opposition to the government’s extra budget proposal is somewhat understandable given that the local elections are only months away. However, he said the government judged that drafting the budget bill after the elections would be too late to fulfill its intentions.


Yonhap (

Turning 50, S. Korea's reserve troops eye major transformation

As a drill sergeant shouted, "The combat begins," a team of college students in full body gear started to move around.Some ducked down, while others ran across this small fake town in the drizzling rain.

Assigned to South Korea's reserve units, the former active duty soldiers were clad in vests and carried M16 rifles, all equipped with laser-sending or detecting devices.The high-pitched beep of the Multiple Integrated Laser Engagement System (MILES) gear signaled that they had been shot. The control indicators strapped to their arms showed whether they had been killed or wounded.Their enemy in the simulated street gunfight was a group of defense ministry correspondents invited to the Kumgok training compound, which is located a dozen kilometers east of Seoul, last week.

Tax revenue tallied at 50 tln won through Feb.

South Korea's tax revenue was tallied at 49.9 trillion won (US$46.7 billion) in the first two months of the year, 3.7 trillion won more than a year earlier, boosted by a rise in income tax, data showed Tuesday.

Income tax revenue amounted to 16.9 trillion won in the January-February period, up 1.8 trillion won from a year earlier, according to the data compiled by the finance ministry.In February alone, tax earnings reached 13.4 trillion won, 1 trillion won more than a year ago.The government collected 2.4 trillion won in corporate taxes, down 300 billion won over the cited period, the latest data showed.Value added tax revenue was 15.7 trillion won in the first two months of the year, up 800 billion won from a year earlier.

Daewoo's appliance sales hit 100,000 units in SE Asia

South Korean home appliance maker Daewoo said Tuesday that sales of its "localized" products for the Southeast Asian market have reached 100,000 units since their release some two years ago.The company said its customized washer, first released in Indonesia in 2016 and later expanded to Malaysia last year, comes with a "Batik Care Wash Program" to help residents better clean traditional clothes.Daewoo also released an oven optimized to cook "ayam goreng," which is a popular chicken dish in Indonesia and Malaysia. The South Korean company said it plans to release more appliances that meet the needs of local consumers in 2018 and forge deeper ties with local retailers that can lead to expanded sales going forward. Daewoo said not only will the customized products lead to better performances, they will also improve the firm's brand reputation in the region.


The Korea Herald (

Schools switch to virtual sports amid nightmare air pollution 

Exercise is an indispensable part of a healthy lifestyle -- especially at school, where playground pursuits can get kids into the habit of keeping active.But with worsening air pollution raising health concerns, schools are scrambling to find indoor alternatives to playground activities. Last month, Seoul Banghak Elementary School in Seoul introduced a virtual sports classroom that provides a full-length wide screen for a virtual sports environment supported by high-tech sensors and virtual reality technology.

Watchdog chides Samsung Securities for internal control void, begins inspection

South Korea’s Financial Supervisory Service on Monday began an investigation into Samsung Securities over it lacking internal controls to detect or correct a computational input error that caused slipshod dividend payments over 40,000 times larger than intended.The watchdog denounced the firm for its “severe” systemic flaw that enabled erroneously created virtual stocks to be traded like real assets.

More talks for inter-Korean summit underway: Unification Ministry

The two Koreas are likely to hold additional working-level talks this week, Seoul’s Ministry of Unification said Monday, ahead of an inter-Korean summit scheduled for April 27. The two sides held talks on measures, protocols, and media coverage for the summit on Thursday and a separate meeting for the re-establishment of a Seoul-Pyongyang hotline on Saturday. “There are areas that require more discussions when it comes to communications and other issues, including security and protocol,” Baik Tae-hyun, ministry spokesman, told a regular press briefing.If held, the planned working-level talks are expected to fall before April 18, which is the date proposed by both sides for the second high-level meeting in preparation for the summit. But a Unification Ministry official told reporters last month during a closed-door briefing that the date for the next high-level meeting had yet to be set.


The Korea Times (

Native English teachers caught in Seoul educator's re-election bid

Native English speakers are looked at as pawns in top Seoul educator Cho Hee-yeon's effort to be re-elected in the June 13 local elections.The Seoul Metropolitan Office of Education, of which Cho is Superintendent, last week revealed a plan to hire 100 native teachers to service all 561 public elementary schools next year.This plan goes against the key English-related policies.Present policies include the continued reduction in the number of native teachers. In 2014, they numbered 592. The number tumbled to 470 in 2015, to 404 in 2016, to 388 in 2017 and to 377 this year.The reductions have been made for several reasons.First, education authorities believe Korean teachers are good enough, making native assistants unnecessary. Also, policy makers have agreed that the budget for foreign teachers should be put to a better use.

Buying meat from vending machines

You can buy your meat of choice; well from a vending machine.The government has put to public notice until May a revision to the current regulations on animal products to enable ― through the internet of things (IOT) ― the sale of beef and pork products, among others, sealed in a container through vending machines. Currently, to sell meat, one has to have an electric freezer, refrigerator, display counter and scales among other things. The revision will remove this obligatory installation and instead entrust the IOT to regulate the necessary environment for meat preservation, and sales through real-time checks on temperature, shelf-life and other necessary information.

US army base called 'unreachable land'

"To me, Yongsan Garrison is like North Korea."An odd sentiment, but understandable when you think about it; both are like an inaccessible foreign country to the civilian population.I heard that comment almost a year ago at an event by Yongsan Legacy (YSL), an NGO working to document the living memories of Yongsan Garrison as it disappears from the center of Seoul. "Yongsan: The Unreachable Land," a new exhibit at the Yongsan War Memorial, provides a catch-up lesson on the more than a century of history most Koreans have missed out on, and gives a sneak preview of what's on the other side of those concertina-wire-topped walls."Yongsan Garrison is still recognized as a forbidden space most Koreans cannot easily reach or visit, so the history of this space is largely unknown," said historian Kim Chun-soo, who organized the exhibit. "This exhibition was designed to examine the history of Yongsan Base at the time of transition when it is transformed into a park and to think about how to build a park in the future."


Chosun Ilbo (

N.Korean Teenagers Jailed for Listening to S.Korean Music

Six North Korean teenagers stood public trial in Samsu-gun, Ryanggang Province in northern North Korea on March 22 for listening to South Korean pop songs and dancing to them the Asahi Shimbun reported on Monday.Shortly afterward, their leader Kim Jong-un was doing the same at an official concert in Pyongyang.Four of them were sentenced to a year's hard labor for "plotting against the state." The sentence of the other two was not clear.All were sent to a prison camp after the trial. Once sentenced to hard labor, offenders are forced to work for six months to a year.Samsu-gun is a border area close to the Apnok River. The six teenagers reportedly listened and danced to about 50 South Korean pop songs which they copied on a USB memory stick and handed to other people.

Cheong Wa Dae 'Pressured U.S. Think Tank to Change Chief'

The state-run Korean Institute for International Economic Policy has decided to halt support for the U.S.-Korea Institute at Johns Hopkins University amid suspicions of meddling by Cheong Wa Dae. That could also mean trouble for the website 38 North, which is run by the institute and often provides invaluable intelligence on North Korea's nuclear program. Korea is apparently miffed that Johns Hopkins rejected its demand to sack the head of the institute, and a trail of e-mails leads straight to Cheong Wa Dae.According to an internal memo, KIEP held a board meeting on March 29 and decided to halt funding for the U.S. institute and informed its chairman, Robert Gallucci, the chief U.S. negotiator during the 1994 North Korean nuclear crisis, that funding would end in May.

More French Students Embrace Korean Courses

More and more French university students are applying to Korean studies departments. The number of applicants at exceeded 1,000 at both Université Paris-Diderot (Paris-VII University) and Institut National des Langues et Civilisations Orientales, the two universities in Paris that have Korean departments. Last September, 1,056 students applied to Paris-VII University's Korean Studies Department, which only has a quota of about 100, while 1,014 applied at INLCO, which has a quota of 150. The competition is even fiercer for the new academic year that starts this September. College applications data show that 1,412 and 1,360 students applied to the two. "The recent popularity of Korean studies is surprising since fewer than 800 students applied before 2016," an admissions officer said.


HanKyoReh Shinmun (

North Korea pressing for summit with US in either Washington or Pyongyang

As North Korea and the US discuss the location of the summit between North Korean leader Kim Jong-un and US President Donald Trump that is slated for May, they are reportedly focusing on the options of Pyongyang or Washington, D.C.“The locations being discussed have been narrowed to Pyongyang and Washington because North Korea thinks it’s not desirable for the leaders of the two countries to discuss urgent matters affecting them in some other country,” a source who is familiar with the process of the discussion about Kim and Trump’s summit said on Apr. 7.

Jeju citizens demand US apology for Apr. 3 Massacre

Amid the South Korean and US flags lining both sides of Gwanghwamun Square in downtown Seoul was a message reading, “US must admit responsibility and apologize for the April 3 Massacre!” While South Korean flag-waving demonstrators marched throughout the capital to denounce the sentence in ex-President Park Geun-hye’s first trial, other citizens and family members of victims in the April 3 Uprising and Massacre in Jeju were demanding an official US apology and an investigation into the US military administration’s role in the massacre.

Blue House denies that it pushed for replacement of USKI director at Johns Hopkins SAIS

Allegations have been raised that the Blue House was involved in the decision by the Korea Institute for International Economic Policy (KIEP), a state-funded think tank, to end financial support for the US-Korea Institute (USKI) at the Johns Hopkins School of Advanced International Studies (SAIS). The Blue House allegedly halted funding in a bid to pressure the USKI to replace its conservative-leaning director, Jae H. Ku. The Blue House immediately denied these allegations as being “entirely untrue.”The allegations about the Blue House’s involvement were raised in interviews with Ku and USKI chairman Robert Gallucci that ran in South Korean daily newspapers Chosun Ilbo and Joongang Ilbo on Apr. 7. Ku was quoted as saying that Hong Il-pyo, an administrator in the Blue House’s Policy Office, had played a leading role in cutting off funding, while Gallucci was quoted as saying that he had been asked to replace Ku by various South Korean officials, including Ambassador to the US Cho Yoon-je.


JoongAng Ilbo (

Former President Lee indicted on 16 counts

Prosecutors indicted former President Lee Myung-bak on charges of accepting bribes worth about 11.1 billion won ($10.3 million), embezzling another 35 billion won and other corruption and abuse of power charges Monday.Lee, 77, who served as president from 2008 to 2013, was indicted on 16 charges included bribery, tax evasion, abuse of power, breach of trust, and violations of the public fund act and presidential record management act. He becomes the fourth former president to be arrested and put on trial following predecessors Chun Doo-hwan, Roh Tae-woo and Park Geun-hye, who last Friday was sentenced to 24 years in prison for corruption and abuse of power.

U.S. confirms talks with North

North Korea confirmed directly to the Donald Trump administration on Sunday that it is willing to negotiate denuclearization, according to multiple White House officials Sunday.This should pave the way to a summit between President Trump and North Korean leader Kim Jong-un possibly next month, and confirms reports that the two countries have opened direct back-channels to prepare for the meeting. The Wall Street Journal first quoted a Trump administration official as saying that the United States “has confirmed that Kim Jong-un is willing to discuss the denuclearization of the Korean Peninsula.”Other media outlets confirmed the report, citing senior administration officials saying that Kim offered assurances to Washington that he was willing to discuss the denuclearization of the Korean Peninsula, breaking a long silence from the North on the issue.

‘Fat-finger error’ leads to unscrupulous selling

An error made by Samsung Securities last Friday has raised concerns of moral hazard in the securities industry after some employees of the brokerage tried to profit by selling “ghost stocks” distributed to them by mistake. A trader at the brokerage firm was supposed to wire dividend payments to employees that owned shares of Samsung Securities: 1,000 won ($0.93) in dividends for each share owned. But the trader mistakenly typed “share” instead of “won” when making the transaction on Thursday, sending 1,000 shares to each employee. Despite the mistake, the transaction was approved, which sent a total of 2.8 billion shares of Samsung Securities worth 112.6 trillion won to the company’s employees at around 9:30 a.m. Friday.


The KyungHyang Shinmun (

Business Trips Paid by Firms under His Supervision: Is the Explanation by Financial Supervisory Service Governor Kim Ki-sik Sufficient?

Kim Ki-sik, governor of the Financial Supervisory Service is at the center of controversy, for it was recently revealed that he had gone on three overseas business trips funded by organizations under his supervision, including financial institutions, when he served as a lawmaker in the 19th National Assembly. While serving as a member of the parliamentary Committee for Political Affairs, Kim went on business trips to Uzbekistan, China and India, and the U.S. and Europe paid by the Korea Exchange, Woori Bank, and the Korea Institute for International Economic Policy (KIEP) respectively in March 2014 and May 2015. The Liberty Korea Party argues that Kim enjoyed the overseas trips as a result of lobbying by institutions under his supervision. Kim submitted documents on April 8 and said, "I am very sorry after hearing that my actions did not meet the expectations of the people." However, he claimed that the purpose of the business trips was public. He also refused the opposition party's request for him to step down.

Prosecutors Expected to Charge Park Geun-hye for "Bribery" in Addition to "Bribery Involving a Third Party" in the Appellate Trial

In the first trial of former President Park Geun-hye (66), among the eighteen charges against the former president, the court found the defendant not guilty in connection to the funds Samsung gave to the Korea Winter Sports Elite Center and to the MI-R Foundation and the K Sports Foundation. Thus this is expected to emerge as the most controversial issue in the future appellate trial. The two charges both fall into the category of bribery involving a third party. In the judicial circle, experts believe that the prosecutors will modify the indictment and add a simple bribery charge to these two allegations in order to draw a guilty verdict in the court. Even if former President Park decides not to appeal, the Prosecution Service has already expressed its intention to appeal the initial ruling. So the court is expected to proceed with the appellate trial.

The Democratic Party of Korea's “Primary” vs. the Liberty Korea Party's “Honorable Reception”: The Opposite of the Local Elections 4 Years Ago

With the June 13 local elections almost two months away, the competition between the ruling and opposition party candidates for mayoral and gubernatorial positions, which is practically the "main" show, is taking form. A look at how the Democratic Party of Korea and the Liberty Korea Party, the parties with the most seats in the National Assembly, are selecting their candidates plainly reveals the change of status due to a change of government last year. In the ruling party, a stream of figures are seeking a bid in the local elections based on the party's high approval ratings, whereas the opposition party is having a hard time finding appropriate candidates to overturn the political situation. The strategies that the two parties have adopted for the local elections are a repeat of what we witnessed four years ago, but this time the offensive and defensive players have switched positions.


AJU Business Daily (

Ex president Lee Myung-bak indicted on corruption charges

South Korea's conservative ex-president Lee Myung-bak was indicted Monday on corruption, abuse of power, embezzlement and other charges, four days after his successor received a 24-year jail sentence for her role in a massive corruption scandal.Prosecutors said they would seek a court order to freeze legal and hidden assets held by Lee, relatives and associates for confiscation as the ex-president was accused of taking bribes totaling about 11.1 billion won (10.4 million US dollars). He became the country's fourth national leader to stand trial. Lee's jailed successor, Park Geun-hye, was sentenced to 24 years in prison last Friday.Lee, a former Seoul mayor who served as president from 2008 to early 2013, faces other charges including tax evasion, breach of trust and abuse of power. He was accused of shipping thousands of documents out of the presidential office.

Safety net stops construction worker's plunge from 27th floor

A safety net has saved the life of a worker when he accidentally fell from the 27th floor of an apartment building construction site in southern Seoul.The worker lost his balance while working on a window frame and plunged on Monday. Luckily, he fell onto a net installed on the sixth floor and was rescued about 20 minutes later, according to a district fire station. He was taken to a nearby hospital for head injuries but he was not in a critical condition.In March, four workers died when a working cage fell to the ground from the 55th floor of a 101-story seaside tower which was under construction in the southern port city of Busan.

Creditors decided to place STX shipyard under court receivership

South Korea's debt-stricken shipyard, STX Offshore & Shipbuilding, will be put under court receivership, its key creditor said Tuesday, blasting union leaders for dragging their feet in presenting a "viable" agreement on layoffs.After a midnight deadline, union leaders and company officials reached a tentative deal on cutting labor costs through unpaid leave and reductions in wages and bonuses in return for scaling back layoffs.Korea Development Bank (KDB) rejected the deal as insufficient, saying the shipyard should file for court receivership. The state policy lender accused the union of hampering negotiations by opposing workforce reductions such as outsourcing and voluntary retirement. KDB wanted a 75 percent reduction in labor costs. Out of 690 shipyard workers, some 500 should leave through a voluntary retirement program and outsourcing.


Maeil Business News Korea (

Korean banks dividend payout hit 6-yr high

South Korean commercial banks delivered cash dividend payouts of nearly 3 trillion won ($2.81 billion) last year, their second highest ever, owing to bumper earnings, but the benefits mostly enriched their parent groups. The reports issued by six retail banks - KB Kookmin, Shinhan, Woori, KEB Hana, Citibank and SC Cheil - on Sunday showed they handed out a combined 2.78 trillion won to shareholders in dividends last year. This was the second-highest level since 2011, when the banks paid a record 3.18 trillion won in dividends on a net profit of 8.32 trillion won. Last year’s average dividend payout ratio - the percentage of dividends relative to net income - was 34.59 percent, up 2.44 percentage points from the previous year. Dividend payment of the six banks surged 45.8 percent on year, as their total net profit increased 35.5 percent to 8.02 trillion won.

S. Korea’s Yuhan Corporation joins hands with biotech company to develop new drugs using AI

South Korea’s mid-size pharmaceutical firm Yuhan Corporation has joined hands with bio-informatics company Syntekabio Inc. to develop new drugs using genomic big data and an artificial intelligence (AI) platform. Yuhan Corporation said on Monday that it has signed a memorandum of understanding with Syntekabio to promote joint research on discovering biological markers or indicators of certain biological condition by analyzing patients’ genome properties and searching for new drug candidate materials using an AI-based platform.

Industry-wide probe initiated after Samsung Sec error, company vows relief

The Financial Supervisory Service (FSS) on Monday embarked on industry-wide investigation on trading practices of all brokerage houses active in Korea while it is on a special investigation on Samsung Securities Co. that had caused a bizarre mayhem on the market on Friday through what it called a computer foul-up. Samsung Securities shares went on a rollercoaster ride during Friday session after the company wired 1,000 shares instead of 1,000 won in cash for annual dividends for each employee holding. The shares involved 2.8 billion shares worth 112.6 trillion won ($104.8 billion). The Financial Services Commission (FSC) convened an emergency meeting on Sunday to discuss measures to look into internal management system of the brokerage house.


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