The Korean daily media headlines and humor
The Korean daily media headlines and humor
  • Lee Kyung-sik
  • 승인 2018.04.19 13:56
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The Korean daily media headlines and humor

Thursday, April 19, 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


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

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‘Argentina offers special incentives to busiensses participating in PPP program’

Ambassador George Roballo of Argentina in Seoul said, “Currently, Argentina is executing its Plan on Public-Private Partnership and this program was launched in November 2017 and it already comprises 60 projects totaling over US$30 billion in investments for infrastructure works such as railways, roads, tunnels, bridges, housing, power generation and energy.”Speaking at a recent interview with The Korea Post media, publisher of 3 English and 2 Korean-language print and Internet news publications, Ambassador Roballo then stated: “ The Argentine PPP provides extra incentives for companies who participate early in the Program. Companies that join the program later will not receive the same benefits.

Uzbek president hopes for success in inter-Korean summit, peace on peninsula

Uzbek President Shavkat Mirziyoev has expressed hope that the upcoming inter-Korean summit will pave the way for lasting peace on the Korean Peninsula, the foreign ministry here said Thursday.The Uzbek president made the remark during his meeting with South Korean Foreign Minister Kang Kyung-wha in Tashkent on Wednesday (local time). Kang was on a three-day trip to Central Asia that included her earlier visit to Kazakhstan."President Mirziyoev said that he was deeply impressed by the South Korean government's active and sincere approach toward North Korea on the occasion of the PyeongChang Winter Olympics that has led to a thawing of the long-frozen relations between the two Koreas," the ministry said.

Trump: Pompeo met N. Korean leader, formed 'good relationship'

U.S. President Donald Trump confirmed Wednesday that his secretary of state-designate met with North Korea's leader, saying the two formed a "good relationship.""Mike Pompeo met with Kim Jong Un in North Korea last week," he tweeted. "Meeting went very smoothly and a good relationship was formed."The Washington Post reported earlier that Pompeo, the current director of the Central Intelligence Agency, flew to North Korea over the Easter weekend to meet with Kim and discuss preparations for a Trump-Kim meeting.



Trump Vows to Make Meeting with Kim a 'Worldwide Success'

U.S. President Donald Trump says the United States will do "everything possible" to make his upcoming meeting with North Korean leader Kim Jong-un a "worldwide success."Trump made the comment on Wednesday during a joint news conference with Japanese Prime Minister Shinzo Abe after summit talks in Florida.Trump said that he will meet with Kim in a few weeks to discuss the denuclearization of the Korean Peninsula, which will be a great thing for the regime and the world. He also expressed his hope to see the day when the two Koreas can live together in "safety, prosperity and peace," adding the U.S. will be working very hard.

Trump Confirms Pompeo's Meeting with Kim Jong-un

U.S. President Donald Trump has confirmed that Central Intelligence Agency Director Mike Pompeo made a secret trip to North Korea to meet with the regime's leader Kim Jong-un.Trump said on Wednesday from his Florida resort that his secretary of state-designate recently had a great meeting with Kim, adding Pompeo and Kim got along really well. Trump has nominated Pompeo for secretary of state and predicted he will go down in history "as one of the great secretaries of state."Trump tweeted earlier on Wednesday that "Mike Pompeo met with Kim Jong-un in North Korea last week," adding "meeting went very smoothly and a good relationship was formed." Trump said the meeting took place last week but the Washington Post reported earlier that Pompeo visited over Easter weekend, which ran from March 31st and April first.

Two Koreas Agree to Broadcast Live Inter-Korean Summit

South and North Korea have agreed to broadcast live the upcoming inter-Korean summit scheduled to take place at the truce village of Panmunjeom next Friday. Kwun Hyuk-ki, the head of Chunchugwan, the presidential press center, said the agreement was made at the second round of working-level talks held at the border village on Wednesday. He said the two sides agreed to allow live coverage of the historic summit from the moment President Moon Jae-in meets North Korean leader Kim Jong-un to major events of the meeting. Kim said the two Koreas will have additional discussions on the protocol, security and media coverage for the summit. South and North Korea held more than five hours of marathon talks from 10 a.m. to discuss the issues.


Yonhap (

S. Korean hiker dies while trekking on U.S. Pacific Crest Trail

A South Korean man died of a cardiovascular problem while trekking last week on a long-distance route in the western United States, the South Korean Consulate General in Los Angeles said Thursday, urging people to refrain from extreme exertion.The 65-year-old man, whose name was not released, collapsed on Friday while walking on a mountain road in the vicinity of San Diego, California, on the Pacific Crest Trail, which runs 2,663 miles from the U.S.-Mexico border through California, Oregon and Washington, according to the South Korean diplomatic mission. The trail, which reaches its northern terminus at the U.S.-Canada border, is known as a challenging through-hiking and backpacking route through some of the country's most spectacular wilderness ranges. "Trips in an extreme situation can be lethal to those who have high blood pressure or other chronic illnesses," the consul general said.

POSCO chief denies political pressure behind resignation offer

The outgoing chairman of South Korean steelmaker POSCO on Thursday denied allegations that political pressure was behind his decision to resign.Kwon Oh-joon told reporters that "there was no such thing" when asked whether he had been under pressure to quit.The comments came a day after Kwon said he wanted to lay the groundwork for growth at POSCO for the next 50 years.The world's fifth-biggest steelmaker by output recently marked the 50th anniversary of its foundation.For the whole of 2017, net profit soared to 2.974 trillion won (US$2.78 billion) from 1.048 trillion won a year earlier. Operating profit jumped 63 percent on-year to 4.622 trillion won last year from 2.844 trillion won a year ago.

POSCO was a state-run company before being privatized in 2000.

N. Korea's ruling party set for meeting on key policy decisions

North Korea will hold a plenary session of its ruling communist party this week to make key policy decisions, local media said Thursday, as it's preparing for summit talks with South Korea and the United States.The central committee of the Workers' Party of Korea (WPK) will convene the meeting Friday, according to the North's official Korean Central News Agency.It's meant to "discuss and decide the policy issues of a new stage in line with the demand of the important historic period of the developing Korean revolution," it said.The report did not specify policy issues to be discussed, but the timing of the session draws keen attention. Also on focus is whether North Korea will unveil a potential shift in its stance toward its nuclear program.


The Korea Herald (

Trump vows efforts for successful summit, threatens to boycott meeting if not 'fruitful'

US President Donald Trump said Wednesday he is doing everything possible to have a "very successful" meeting with North Korean leader Kim Jong-un, but added he will walk away from the summit if it is unlikely to bear fruit.
"I hope to have a very successful meeting," he said in a joint press conference with Japanese Prime Minister Shinzo Abe in Florida. "If I think it's a meeting that is not going to be fruitful, we are not going to go. If the meeting, when I'm there is not fruitful, I will respectfully leave the meeting."Trump plans to meet Kim in May or early June to discuss the denuclearization of the peninsula. The summit, if held, will be unprecedented for the two countries that have no diplomatic relations with each other.The Washington Post reported Tuesday that Trump sent his nominee for secretary of state, Mike Pompeo, to the North to meet Kim over Easter weekend. Trump confirmed later that Pompeo, current director of the Central Intelligence Agency, went to Pyongyang and formed a "good relationship" with the North's leader.

CIA Director Mike Pompeo secretly met with Kim Jong-un

Mike Pompeo, director of the Central Intelligence Agency, recently travelled to North Korea to meet with its leader Kim Jong-un, US media reported Wednesday, boosting prospects for the upcoming North Korea-US summit. Pompeo, nominated to be the next US secretary of state, made the secret trip as an envoy of President Donald Trump over the Easter holiday, the Washington Post reported, quoting two people with direct knowledge of the trip. Pompeo’s trip, which was the highest-level meeting between Washington and Pyongyang since 2000, came ahead of a potential summit between Kim and Trump, expected to take place by early June.

Posco’s political neutrality questioned over chairman’s abrupt resignation

The head of South Korea’s steel giant Posco, who has more than two years of his term left, abruptly offered to resign on Wednesday, amid rumors that his decision has been influenced by the intention of Cheong Wa Dae.In a surprise decision, Posco Chairman Kwon Oh-joon said he was stepping down, citing his health. He said that he wishes to pass the baton to a “young and powerful” leader who he believes can bring the changes needed to the steelmaker that recently celebrated its 50th anniversary.“I’ve been thinking that (Posco) should seek a change in CEO, among other things … and to deliver the command of the management to a person who is more passionate, capable, young and powerful than myself,” he told reporters after an emergency meeting of the board of directors.


The Korea Times (

Talks underway to officially end Korean War

South and North Korea as well as the United States will discuss signing peace treaties to formally end the 1950-53 Korean War during next week's inter-Korean summit and the following one between Washington and Pyongyang, a senior Cheong Wa Dae official said Wednesday. The official said Seoul is reviewing with the U.S. the possibility of changing the current armistice agreement into a peace treaty as a means to ensure permanent peace here. The two Koreas remain technically at war as the Korean War ended only with the armistice agreement.His remark came several hours after U.S. President Donald Trump said the two Koreas are negotiating whether they can end the seven decades of hostilities, and expressed his support for it. The summit between South Korean President Moon Jae-in and North Korean leader Kim Jong-un is slated for April 27. The meeting between Kim and Trump is expected in late May or early June.

Korea locked in employment paradox

South Korea has been trapped in a paradox of employment.Domestically, the more effort the government makes, the more difficult it is for young people to find decent jobs.In other words, President Moon Jae-in's job policies are limiting the creation of new, quality jobs in the private sector.Last year, Moon implemented a supplementary budget of 11.2 trillion won ($10.5 billion) to create jobs and formulated another extra budget plan of 3.9 trillion won early this month. However, the job market situation has taken a turn for the worse.The jobless rate reached 4.5 percent in March, the highest level in 17 years. The number of jobs created came to 112,000 from the same month a year ago, sharply down from January's 334,000.Internationally, Korea is isolated in its job market recovery.

Demand for larger TVs growing in Korea

The demand for larger television sets has been growing over the past few years in South Korea, industry data showed Thursday, alongside lower average prices.Industry data showed the average size of Samsung Electronics Co.'s TVs sold in the country came to 54 inches last year, up sharply from 44.5 inches in 2010. The numbers indicate the favored size of TVs grew more than an inch each year.In contrast to the growing size of TVs, their prices eased over the same period. In 2010, 55-inch TVs were priced between 5 million won (US$4,690) to 6 million won, but such products can be purchased for as low in the 2-million won range at present."The trend of TV sales in South Korea can be applied to LG Electronics Inc. and other manufacturers," an industry insider said. "South Korea and the North American market have been showing clear trends in terms of demand for larger TVs."


Chosun Ilbo (

Live Broadcasts from Inter-Korean Summit Planned
North and South Korea have agreed to provide some live coverage of the inter-Korean summit next week, Cheong Wa Dae said Wednesday. A Cheong Wa Dae spokesman said the two sides "agreed to let the world know via live coverage the main itinerary and events of the historic North-South summit starting with the handshake between the two leaders."He said the "broad framework" of the summit has now been agreed, but additional negotiations are needed about protocol, security and media coverage. South Korea proposed the live coverage in the first meeting of working-level officials on April 5, and North Korea agreed in the latest round of meetings.Kim Jong-un will become the first North Korean leader to set foot on South Korean soil on live TV when he arrives on the southern side of the truce village of Panmunjom.

Flocks of Cormorants Wreak Havoc on Han River Ecosystem
Huge flocks of cormorants coming to the Han River during their annual mating season between April and June are wreaking havoc with the river's delicate ecosystem. Bamseom islet on the river is littered with their droppings, causing trees to wither and perish. The waters around the islet are home to 32 different types of freshwater fish, but they are being decimated by the cormorants, whose numbers swelled from 427 in 2010 to 1,506 in 2015. Some 3,000 have been counted along the entire river.Last Sunday, around 400 cormorants converged on the banks of the river. One 67-year-old who was fishing said, "I thought they were eagles. It was like a scene out of a scary movie." The cormorants fill their stomach before flying on to Bamseom further up the river. "This is a unique phenomenon that began to appear just two to three years ago," said Eoh Kyung-yeon at the Seoul Grand Park Zoo. Some 1,500 cormorants have gone to roost around the Paldang Dam in Hanam, south of Seoul and another 600 in Suwon. They fly to the Han River every day to fish. Some stay for several months on Bamseom.

Envoys Could Visit N.Korea Again Before Summit
National Security Council chief Chung Eui-yong and National Intelligence Service chief Suh Hoon could visit North Korea once more before the inter-Korean summit on April 27, presidential Chief of Staff Im Jong-seok said Tuesday.

It seems the two sides have trouble ironing out disagreements over the agenda after several rounds of working-level talks. Chung and Suh went to Pyongyang in March as special envoys of President Moon Jae-in to arrange the summit.

Im told reporters a hotline connecting the leaders of the two Koreas should be set up around Friday, and a test call could take place at that time, but it remains unclear when the two leaders will actually speak on the phone.


HanKyoReh Shinmun (

Establishment of periodic summits emerges as key issue for Blue House

One of the primary agenda items for the upcoming inter-Korean summit that the Blue House identified on Apr. 17 is setting up periodic meetings at Panmunjeom. This appears to follow from the assumption that the leaders of South and North Korea must be able to communicate in person at any time without being restricted by formality during the long journey toward dismantling the Cold War regime on the Korean Peninsula and achieving peace and denuclearization.

Blue House chief of staff Im Jong-seok, chair of the Inter-Korean Summit Preparatory Committee, said that the inter-Korean summit was important for three reasons: that it is being held in Panmunjeom, that it would lead to North Korea-US talks and a summit between South and North Korea and the US, and that it is focusing on the key agenda items of the denuclearization of the Korean Peninsula and the establishment of a permanent peace treaty.

Secretary of State nominee Pompeo met with Kim Jong-un to discuss US-North Korea summit

CIA Director and Secretary of State nominee Mike Pompeo spoke directly with North Korean leader Kim Jong-un in Pyongyang earlier this month regarding the possibility of an upcoming North Korea-US summit, major US news outlets reported on Apr. 17. The reports stated that Pompeo met with Kim to negotiating the conditions for the summit between the two leaders. The official said the discussions were still under way, but did not provide any specifics on when the dialogue began.In his remarks prior to a summit with Japanese Prime Minister Shinzo Abe at his Mar-a-Lago residence in Florida, Trump said the US has “started talking to North Korea directly.”“We have had direct talks at very high levels, extremely high levels with North Korea,” Trump continued.“I really believe this allows goodwill, that good things are happening. We'll see what happens, as [I] always say . . . because ultimately it's the end result that counts, not the fact that we're thinking about having a meeting or having a meeting," he added.

Kim asked Xi for “major economic cooperation,” Asahi Shimbun reports

North Korean leader Kim Jong-un asked Chinese President Xi Jinping for major economic cooperation, Japanese newspaper the Asahi Shimbun reported. The Asahi Shimbun said that an anonymous source had heard this from the International Department of the Communist Party of China, following the North Korea-China summit last month. Kim asked for China’s help with guaranteeing the regime’s security and providing relief from the military threat prior to negotiations with South Korea and the US, the paper said.While the specifics of the economic cooperation that Kim requested are unclear, the paper said, the measures discussed could include energy assistance and a reviving a plan to establish a special economic zone on the border between North Korea and China.


JoongAng Ilbo (

CIA’s Pompeo secretly met with Kim Jong-un

Mike Pompeo, the director Central Intelligence Agency and secretary of state nominee, made a clandestine visit to North Korea at the beginning of April to meet with leader Kim Jong-un on behalf of U.S. President Donald Trump, according to reports. The Washington Post first reported on Wednesday, citing two people with direct knowledge of the trip, that Pompeo’s top-secret visit was part of an effort to lay the groundwork for direct talks between Trump and Kim about North Korea’s nuclear weapons program. CNN reported that Pompeo was only accompanied by intelligence officials on the Easter weekend trip, which fell on March 31 and April 1, with no White House or State Department officials. This marks the highest-level meeting between Washington and Pyongyang in nearly 18 years. Then-U.S. Secretary of State Madeleine Albright flew to Pyongyang in October 2000 to meet with late North Korean leader Kim Jong-il, father of Kim Jong-un, to pave the way for a visit by President Bill Clinton, but the meeting never happened.

Seoul, Washington discussing routes to peace treaty: Chung

South Korea’s top security official said Wednesday Seoul and Washington were exploring ways to set in place a permanent peace regime on the Korean Peninsula, which requires a formal end to the 1950-53 Korean War that ended in armistice, not a peace treaty.Chung Eui-yong, head of the Blue House’s National Security Office (NSO), said the two allies were discussing how to “guarantee a better future” for North Korea should it commit to denuclearization, during a meeting with reporters at the Blue House. Recalling his meeting with U.S. President Donald Trump’s new security adviser, John Bolton, in Washington last week, the NSO chief said that the two had in-depth discussions about the upcoming summit meetings between the leaders of the two Koreas and between North Korean leader Kim Jong-un and U.S. President Trump.

Samsung’s plant reports are sensitive, says panel

A government-appointed panel concluded that internal reports by Samsung Electronics on the working conditions of its factory employees contain sensitive information on semiconductor technologies that are vital to the nation’s economy - and shouldn’t be made public. “An expert committee examined and decided that some contents [of the reports] by the applicant [Samsung Electronics] are national core technologies,” said the Ministry of Trade, Industry and Energy in a press release distributed late Tuesday. “[The committee] concluded that it is possible to deduce manufacturing processes and assembly techniques with information included in the reports such as chemical materials [used]…and [the] layout [of factories].”


The KyungHyang Shinmun (

Cheong Wa Dae's Solo Handling of State Affairs Backfires
The recent resignation of Kim Ki-sik as the chairman of the Financial Supervisory Commission revealed a negative aspect of state administration led by Cheong Wa Dae. Cheong Wa Dae insisted on openly backing Kim Ki-sik, and now that Kim has stepped down, Cheong Wa Dae faces a political burden, and the ruling party has also lost its bargaining power against the opposition. In particular, as Cheong Wa Dae took the initiative in state administration, the cabinet was neglected, and efforts to communicate and cooperate with the National Assembly were lacking.

Eyes on Change at Samsung As It Moves Away from 80 Years of No Labor Union
On April 17, Samsung Electronics Service decided to directly employ over eight thousand workers of over ninety partner companies and guarantee legal union activities. The latest decision is quite drastic, for the company has opted to directly hire the workers instead of maintaining its existing methodstablishing a subsidiary and having the subsidiary hire the workers of partner companies as regular workers. This is particularly noteworthy, for the irregular (temporary) workers of a large company will have their status switched to regular workers and because Samsung will practically abandon its "union-less management," a policy that the company had insisted on for eight decades.

We'll Go Bankrupt, If You Don't Sign the Agreement Soon
Let's look back. It is 9 p.m. on March 30. The labor and management of Kumho Tire signed an agreement that mentioned the sale of the company to the Chinese company, Doublestar. This happened three hours before the deadline for court receivership set by the Korea Development Bank (KDB). That morning, Kim Dong-yeon, the deputy prime minister for economic affairs, said, "Court receivership is inevitable if there is no agreement," and Cheong Wa Dae released a statement saying, "We will not solve this problem with politics. This is the opinion of President Moon Jae-in." The labor union, which had claimed to be absolutely against the overseas sale of the company, eventually succumbed. Ten days after the resolution of the Kumho Tire incident, on April 10, the STX Shipbuilding case was settled in the same way. Although the labor and management of STX missed their deadline for the submission of the letter of comfort by one day to avoid court receivership, the Korea Development Bank accepted their agreement. "We will handle things according to the plan if things deviate from our principle. If they have no voluntary recovery plan, we will begin the process to apply for court receivership," the government and the Korea Development Bank said, and such pressure was effective.


AJU Business Daily (

Steelmaker Posco under pressure to change leadership

Posco, a steel giant which used to be credited with spearheading South Korea's miraculous economic growth, has often fallen prey to political favoritism with chief executives pressed to stand down almost every time when there was a regime change.Posco's current CEO Kwon Oh-joon is no exception. Despite his good reputation among investors at home and abroad, the 67-year-old who built his career at the company's technology team has been under pressure to give up his seat since President Moon Jae-in took office in May last year."I know that Posco chairman Kwon Oh-jun has decided to resign," an official at the presidential Blue House said, admitting Moon's office has a negative view of Kwon, who took office in 2014 and secured his three-year second term in March last year.

Trump threatens to boycott summit if not 'fruitful': Yonhap

U.S. President Donald Trump said he is doing everything possible to have a "very successful" meeting with North Korean leader Kim Jong-un, but added he will walk away from the summit if it is unlikely to bear fruit."If I don't think it's going to be fruitful, we're not going to go," he said in a joint press conference with Japanese Prime Minister Shinzo Abe in Florida. "If the meeting is not fruitful, I will respectfully leave the meeting."Trump plans to meet Kim in May or early June to discuss the denuclearization of the peninsula. The summit, if held, will be unprecedented for the two countries that have no diplomatic relations with each other.The Washington Post reported Tuesday that Trump sent his nominee for secretary of state, Mike Pompeo, to the North to meet Kim over Easter weekend. Trump confirmed later that Pompeo, current director of the Central Intelligence Agency, went to Pyongyang and formed a "good relationship" with the North's leader.

Top financial supervisor resigns over political donation

The top supervisor of banks and financial institutions resigned over political donations, two weeks after he was appointed by President Moon Jae-in to reform South Korea's financial industry.Moon's office said Tuesday that the president approved the resignation of Financial Supervisory Service (FSS) Governor Kim Ki-sik, respecting a decision by the National Election Commission, which accused Kim of making an illegal political donation while serving as a legislator in 2016.
As a civic group activist advocating social and economic reforms, Kim made his political debut to become a lawmaker in 2012. He allegedly donated 50 million won (46,555 US dollars) to a lawmakers group led by himself in 2016.


Maeil Business News Korea (

Posco chairman resigns 2 years before end of term

South Korea’s top steelmaker Posco in a board meeting on Wednesday accepted the resignation of its chair Kwon Oh-joon who offered to step down without completing his second term that ends in March 2020, citing questionable reasons.
Although Posco recorded best earnings last year as restructuring drive under Kwon paid off, the chief who had earned a second term in March 2017 had been under pressure to walk out as part of the long-standing tradition of Korean politics of replacing the management at public institutions with figures loyal to the new government after a new ruling power is inaugurated.

Hanmi Pharm presents new anti-cancer drug candidates in U.S.

South Korea’s Hanmi Pharmaceutical Co. that last week terminated the clinical development program for its symbolic novel lung cancer drug Olita announced that it would kick off a phase 1 clinical test of its next-generation cancer drug under development as early as within the first half of this year. Hanmi Pharmaceutical unveiled the preclinical test reports of its three new therapies for target immunotherapy - HM43239 dedicated to the treatment for acute myeloid leukemia, HM81422 for liver cancer, and HM97211 for small cell lung cancer that does not have a targeted therapy - at the five-day annual meeting of American Association for Cancer Research that took place from April 14 to 18 in Chicago, the United States.

“Raging” sisters wipe out nearly $300 million in market worth of Hanjin shares

The “raging” sisters of Hanjin Group have taken heavy toll on the stocks of the Korean transportation conglomerate including flag carrier Korean Air Lines, wiping out 320 billion won ($300.4 million) in their market value over the last few days after another heiress brought ignominy to the corporate name with temper tantrum. The combined market cap of Hanjin Group’s five listed units - Korean Air Lines Co., Hanjin KAL Corp., Jin Air Co., Hanjin Transportation Co. and Korea Airport Service Co. - sank to 5.8 trillion won based on the closing prices on Tuesday from 6.2 trillion won on April 11, a day before Korean Air senior vice president Cho Hyun-min’s “water cup rage” incident became public.


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