The Korean daily media headlines and humor
The Korean daily media headlines and humor
  • Lee Kyung-sik
  • 승인 2018.04.24 13:52
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The Korean daily media headlines and humor

Tuesday, April 24, 2018

Your Excellency:

What’s ticking in Korea and around the world today?

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


Lee Kyung-sik


The Korea Post media

P.S.: If the Headlines are no longer desired, please advise us at: or


Ecuador an attractive, investment destination

for Korean companies

“‘Irresistible’ incentives offered to investors in agro, pharmaceutica, many other areas”

Minister Pablo Campana of Foreign Trade and Investment of Ecuador

Commercial Counsellor Macelo Javier Pazos Hernandez at the Embassy of Ecuado in Seoul said, “Specific incentives could be added in prioritized sectors such as agro-industry, processed food, pharmaceuticals, metalwork, petrochemicals, tourism and new knowledge and technology research and development under certain conditions like establishing operation centers outside urban areas, for example.”
At a recent interview with The Korea Post media in Seoul, publisher of 3 English and 2 Korean-language media outlets, Counsellor Razos Hernandez said, “We offer values of corporate social responsibility, inclusive business, gender equality, fair trade--embedded into each product we export.” Counsellor Razos hernandez, a global-minded economist with 17 years of experience and expertise in market analysis, trade negotiations and international commercial relations focusing on Asia and Latin America, added that besides primary commodities or value added products like high end, jewelry for instance, Ecuador offers, excellent digital translation, education, fin-tech, fashion and architecture design´ services that could be provided to Korean companies.”

(For further details, visit:


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

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

Seoul making final preparations for Moon-Kim summit: Cheong Wa Dae

Nearly everything has been set for the upcoming summit between South Korean President Moon Jae-in and North Korean leader Kim Jong-un with only the final touches now under way, officials from Seoul's presidential office Cheong Wa Dae said Tuesday.With only three days left until the historic summit, South Korea was set to hold a complete rehearsal for it, according to the officials.On Wednesday, the divided Koreas will hold a final and joint rehearsal at the joint security area of Panmunjom, the venue for the third inter-Korean summit.The final preparations come one day after working-level officials from both Koreas reached an agreement on details of what would likely be a monumental meeting between the leaders of the divided Koreas.

U.S. will not lift sanctions until N. Korea takes concrete steps to denuclearize: White House

The United States will not lift sanctions until North Korea takes "concrete actions" to denuclearize, the White House said Monday.White House press secretary Sarah Sanders said at a press briefing that U.S. President Donald Trump plans to continue the "maximum pressure" campaign of economic and diplomatic sanctions until the North takes actions toward denuclearization."Certainly no sanctions lifted until we see concrete actions taken by North Korea to denuclearize," she said, adding the U.S. goal remains the "complete and total" denuclearization of the Korean Peninsula.

Police trying to break up sit-in by anti-THAAD protesters

Riot police are trying to remove protesters from a bridge leading to the base of the U.S. THAAD anti-missile system in southeastern South Korea on Monday, sparking clashes between the two sides.About 200 residents and activists have been occupying the Jinbat bridge in a sit-in aimed at blocking construction vehicles from entering the Terminal High Altitude Area Defense base in Seongju, some 300 km southeast of Seoul.About 3,000 riot police were mobilized to break up the sit-in.



Two Koreas to Hold Rehearsals for Summit

South and North Korea will hold rehearsals for the upcoming inter-Korean summit set for Friday.South Korean officials will hold their own rehearsal on Tuesday afternoon at the truce village of Panmunjeom, the venue for the historic summit between President Moon Jae-in and North Korean leader Kim Jong-un. A North Korean delegation led by National Defense Commission Secretariat Director Kim Chang-son will join the South Korean officials for a joint rehearsal on Wednesday.On the eve of the summit on Thursday, South Korea will hold a final rehearsal involving six officials who will accompany President Moon at the summit. The two Koreas will also disclose detailed schedules and plans of the summit on Thursday.

White House: US Won't Lift Sanctions Without 'Concrete Actions' from N. Korea

The White House says that the U.S. will not lift sanctions until North Korea takes "concrete actions" to denuclearize.White House press secretary Sarah Huckabee Sanders said at a press briefing on Monday that U.S. President Donald Trump plans to continue the "maximum pressure" campaign of economic and diplomatic sanctions until the North takes actions toward denuclearization.She stressed that the U.S.’ goal remains the "complete and total" denuclearization of the Korean Peninsula, adding that certainly no sanctions will be lifted until the U.S. sees concrete actions taken by the North.When asked about the possibility that the U.S. may lift sanctions before the North fully denuclearizes, Sanders said that Washington is not naive in the process and wouldn't make the mistake of past administrations in taking the North Koreans "simply at their word."

Two Koreas Agree on Details of Inter-Korean Summit

The two Koreas have agreed on the details of the upcoming inter-Korean summit, including its timetable, media activities and a joint rehearsal. Kwon Hyuk-ki, the head of the press center at South Korea's presidential office, said in a media briefing on Monday that South and North Korea reached the agreement through three rounds of working-level talks on protocol, security and media coverage. The historic event slated for Friday will begin with a meeting between President Moon Jae-in and North Korean leader Kim Jong-un on Friday morning, followed by an official welcoming ceremony, the summit and a dinner. According to Kwon, the two Koreas plan to exchange soon their respective list of delegates to the summit and officials who will accompany them. Under the agreement, the North will send an advance team on Wednesday to the summit venue on the southern side of the truce village of Panmunjeom, and the South will provide them with necessary assistance and amenities.


Yonhap (

Korean Air's brand value slides after latest family scandal

The brand value of Korean Air Lines Co. has been dropping since the latest scandal surrounding the owner family erupted, and it may be outranked by its rival, according to an appraisal website Tuesday.The "share price" of Korean Air in the brand stock market, as rated by Brandstock, ended at 473,000 won (US$439) on Monday, the lowest since 467,000 won of March 29 last year.Brandstock measures brand value by having its members trade company shares in a simulated stock market using cyber money that can be used only within the website.The brand value price of the air carrier has been slipping since April 16 soon after Cho Hyun-min, former vice president and the youngest daughter of the company chairman, was accused of abusively treating people working with her. The scandal started on allegations that she threw water in the face of an ad agency manager in a fit of rage during a meeting for not being able to answer her question, and it soon led to suspicions of smuggling and other law breaches by the chairman's entire family, including his wife, who is also accused of abusing company staff.

N.K. leader mourns Chinese tourists killed in bus accident

North Korean leader Kim Jong-un has visited the Chinese Embassy in Pyongyang to express his "deep" condolences over the death of scores of Chinese tourists in a traffic accident in the North, state media said Tuesday.Kim's rare visit there came amid a thaw in the relations between the communist allies that was highlighted by his surprise trip to China last month ahead of summits with South Korea and the United States.The North's leader visited the Chinese Embassy at 6:30 a.m. on Monday, the Korean Central News Agency (KCNA) said, as the bus accident occurred Sunday, leaving 32 Chinese tourists dead and two seriously injured. Four North Koreans also died."He said that the unexpected accident brought bitter sorrow to his heart and that he couldn't control his grief at the thought of the bereaved families who lost their blood relatives," the KCNA said.Kim said that North Koreans saw the tragic accident as "their own misfortune" and his country will "take follow-up measures with utmost sincerity" to alleviate the pain of the bereaved families.

Pompeo wins Senate panel approval as top U.S. diplomat

U.S. President Donald Trump's pick for secretary of state, Mike Pompeo, won the approval of a Senate committee Monday, paving the way for his confirmation.The Senate Foreign Relations Committee voted 11-9 in favor of Pompeo after partisan wrangling over whether the Central Intelligence Agency director is fit for the job. Pompeo made a secret visit to North Korea over Easter weekend to meet with North Korean leader Kim Jong-un and prepare for his potential summit with Trump in May or June.


The Korea Herald (

S. Korea’s loudspeakers along DMZ silenced

With South Korea suspending the operations of loudspeakers blasting propaganda across the border with North Korea, expectations are high the measure will translate into broader steps for easing cross-border military tensions.On Monday, the Ministry of National Defense announced the loudspeakers broadcasting propaganda along the border was shut down at midnight Sunday to create a peaceful mood for the inter-Korean summit set for Friday at the truce village of Panmunjeom. The conciliatory gesture boosts expectations for the two Koreas to come up with broader agreements to ease military tensions, including pulling back guard posts from the heavily fortified Demilitarized Zone and declaring an official end to cross-border hostilities.

Korean Air family under siege despite father’s apology

The controlling family of the nation’s largest air carrier found itself under heavy criticism Monday, amid the emergence of fresh allegations of misconduct and another search and seizure operation -- this time at its headquarters -- despite a public apology made by the father of the two troubled heiresses a day earlier.Customs investigators raided the head and branch offices of Korean Air in Seoul where the air carrier’s Senior Vice President Cho Hyun-min has offices, to secure evidence of customs evasion. Cho, also known as Emily Cho, is the youngest daughter of Korean Air Chairman Cho Yang-ho. She has been at the center of controversy after she was accused of throwing water at an advertising agency official during a meeting, sparking a flurry of accusations that the family members had abused their authority over staff.

GM Korea, union reach tentative deal, avoids court protection

GM Korea and the labor union reached a dramatic agreement just an hour before the extended deadline on Monday afternoon, narrowly escaping court receivership and taking a step toward restructuring the local unit.Although the carmaker has avoided “the worst,” hurdles lie ahead in the coming days with GM headquarters and the government calling on each other to bring viable support programs. After the prolonged standoff due to conflicting stances on job security of 680 workers at Gunsan factory, the company and the union agreed to accept additional voluntary resignations for workers at Gunsan, and relocate them to Bupyeong and Changwon plants.


The Korea Times (

Moon calls North Korea's nuke test suspension 'good signal'

President Moon Jae-in has welcomed North Korea's decision to suspend its nuclear and intercontinental ballistic missile tests, saying Pyongyang is showing its sincerity for denuclearization ahead of inter-Korean and Washington-Pyongyang summits. He also called for bipartisan cooperation for the summits. Moon's reaction came Monday, two days after the North announced it would suspend its nuclear and missile tests. North Korea also said its nuclear test site in Punggye-ri would be dismantled to transparently guarantee the discontinuance of further tests."The North declared suspension of nuclear and missile tests on Saturday," Moon said in a meeting with secretaries at Cheong Wa Dae. "To put the decision into practice, it announced it would shut down the Punggye-ri test site. North Korea showed sincerity before the inter-Korean and Washington-Pyongyang summits, and I think highly of it."

Moon-Kim summit to begin Friday morning; end with official dinner

South Korean President Moon Jae-in and North Korean leader Kim Jong-un will meet at the truce village of Panmunjeom, Friday morning, Cheong Wa Dae said after the last working-level preparation meeting was held Monday. The exact time the summit will begin was not disclosed. Because the meeting will be held on the South's side of Panmunjeom, Seoul will hold a welcoming ceremony for Kim. He will be the first North Korean leader to set foot in the South. A dinner between the leaders will take place after the summit.The Koreas agreed for South Korean reporters to cross over to the North's side of Panmunjeom to cover the North Korean delegation's crossing of the military demarcation line (MDL).The North will send an advance team to Panmunjeom, Wednesday, to make preparations for the delegation.

Is Kim following Deng Xiaoping's path in transforming North Korea?

After North Korean leader Kim Jong-un put emphasis on economic development in tandem with his move toward denuclearization, experts say the young leader may pursue economic reform in the same way as Deng Xiaoping did in transforming China.Deng, who led China from the 1970s to 90s, opened the nation's door to the global economy with his iconic "cat theory" that refers to the phrase, "It doesn't matter whether a cat is black or white, as long as it catches mice." As he stated, China adopted a market economy out of its planned economic system, which produced a notable economic presence. In a meeting of the central committee of the ruling Workers' Party of Korea, Friday, Kim declared a move toward "socialist economic development," saying the nation has "verified the completion of its nuclear weapons."


Chosun Ilbo (

N.Korea's Nuke Test Site 'Already Useless'
North Korea on Friday announced a plan to close down its nuclear test site ahead of summits with South Korea and the U.S., but the site is in fact already unusable. As a result of the six nuclear tests from 2006 until last September, experts believe the Punggye-ri test site is now so unsafe and the ground so unstable that no further tests can be conducted there. Although the granite of Mt. Mantap, where the tunnels were dug for nuclear tests, is still stable, many tunnels caved in and there have been several alarming aftershocks.Some 200 people died when a tunnel collapsed during construction after the sixth nuclear test, Asahi TV reported last November.

Daycare Centers Forced to Close Amid Low Birthrate
An increasing number of daycare centers are closing down amid the chronically low birthrate. According to data submitted to the National Assembly by the Ministry of Health and Welfare on Sunday, 912 daycare centers across the country closed from January to March this year. Some 556, or 61 percent of them, catered to babies aged 2 and under. At this rate, about 3,560 daycare centers are expected to close this year, nearly double the 1,970 that closed last year. The number of daycare centers peaked at 43,770 in 2013, when the government began to provide free childcare, and dropped to 40,238 last year. Another factor adding to the pressure on daycare centers is the recent hike in the minimum wage.

Moon to Rehearse for Broadcast of Inter-Korean Summit
President Moon Jae-in is rehearsing carefully for his meeting with North Korean leader Kim Jong-un on Friday, parts of which will be broadcast live to the whole world.Presidential spokesman Yoon Young-chan said their first meeting in the truce village of Panmunjom will be covered from several angles. Officials from both sides are still discussing security, protocol, and media coverage on Monday. They are expected to discuss when and how Moon and Kim will meet and whether they will give a joint press conference.They will also discuss when the two leaders will have their first conversation on a new hotline.


HanKyoReh Shinmun (

North Korea announces suspension of nuclear and missile testing

North Korea has officially announced that it is suspending additional nuclear tests and test launches of ballistic missiles. The North has preemptively forfeited its “future nuclear card” to demonstrate its commitment to denuclearization leading up to the inter-Korean and North Korea-US summits.There are two sets of three “nuclear cards” that must be dealt with in the process of North Korea’s denuclearization. In terms of weapon systems, these are fissile materials, which are the raw material for nuclear weapons; assembled and completed nuclear warheads; and the ballistic missiles used to deliver those nuclear warheads. In terms of timing, these can be divided into already completed nuclear weapons (“past nuclear weapons”), ongoing programs related to using these fissile materials to produce nuclear weapons (“present nuclear weapons”) and nuclear and missile tests down the road designed to develop and upgrade nuclear weapons (“future nuclear weapons”).

Economic development becomes a priority for North Korea

North Korean leader Kim Jong-un officially announced that he has changed the focus of the regime’s strategy from nuclear weapons to the economy. This important shift of strategic direction was officially announced prior to the inter-Korean and North Korea-US summits on Apr. 20, during the third plenary session of the 7th Central Committee of the Korean Workers' Party (KWP), a key leadership body in the North Korean regime.“We have observed the brilliance of the historical achievements illuminated by our party’s strategic course on simultaneously building the economy and a nuclear arsenal. The ‘two-track’ course has concluded in a great victory,” Kim said. This marks the official end of the “two-track” development of nuclear weapons and the economy, which was adopted during a plenary session of the KWP Central Committee on Mar. 31, 2013.

Civic groups seek compensation for victims of South Korean soldiers’ wartime atrocitiesb

The story of civilian massacres by South Korean troops during the Vietnam War was first broken by Hankyoreh 21 in 1999. Statements from victims claiming deaths or injuries caused by South Korean soldiers were released, along with confidential US reports containing photographs. A fundraising campaign titled “We’re Sorry, Vietnam” took place in civil society.The state remained silent, but civil society remained active behind the scenes. In Nov. 2017, the group MINBYUN-Lawyers for a Democratic Society and the Korea-Vietnam Peace Foundation formed a preparatory committee for a citizens’ tribunal to examine the civilian massacres and conducted two on-site investigations. The results showed that over 400 civilians – including senior citizens, women, and children – were killed in Vietnam’s Quang Nam Province between January and February 1968 during the South Korean military’s “Monster Dragon I” operation.


JoongAng Ilbo (

South halts its K-pop offensive

South Korea unplugged front-line loudspeakers that blare K-pop and propaganda criticizing North Korea’s leader on Monday, pulling back a weapon of psychological warfare that has encouraged several North Korean soldiers on the border to defect. The Ministry of National Defense said it turned off the speakers on Monday at midnight to ease tension and create a conciliatory mood ahead of a summit between South Korean President Moon Jae-in and North Korean leader Kim Jong-un on Friday. The speakers had been running continuously since January 2016 after North Korea conducted its fourth nuclear test.Over the past decades, the South has turned the cross-border broadcasts on and off in response to the political situation with North Korea. The loudspeakers have proven to be an effective weapon of psychological warfare, with North Korean soldiers at one point firing shots toward them in 2010.

GM Korea, union cut deal to save carmaker

GM Korea and its labor union agreed to a last-minute deal to save the company on Monday, with both sides compromising on the automaker’s planned factory closure and cuts to employee benefits. According to the company, its management and union came to a consensus on how to deal with 680 workers from its Gunsan plant in North Jeolla, which is set to be completely closed down in May. GM Korea decided to accept voluntary resignations from workers and then relocate any Gunsan employees who decide to remain with the company, replacing its initial proposal that would have forced some workers to take extensive unpaid leave.

Trump says he has given Kim no concessions

U.S. President Donald Trump boasted in a Twitter post on Sunday that North Korea had agreed to denuclearize without the United States making any concessions.“Wow, we haven’t given up anything & they have agreed to denuclearization (so great for World), site closure, & no more testing!” the president tweeted, referring to North Korean leader Kim Jong-un’s announcement on Friday that his country would close a nuclear test site and halt nuclear and missile tests.Trump was responding to a report on NBC’s “Meet the Press,” where host Chuck Todd asked Marc Short, the White House’s legislative affairs director, whether the United States was making a concession by meeting with Kim and questioned Pyongyang’s actual commitment to denuclearization.


The KyungHyang Shinmun (

“Gapjil” Sisters Cho Hyun-ah & Hyun-min to Step Down from All Positions at Hanjin Group
Cho Hyun-min (35), executive director of Korean Air, stepped down from all positions in the Hanjin group ten days after her controversial "gapjil" incident he allegedly threw a cup of water at an advertising agency manager. Her older sister, Cho Hyun-ah (44), president of KAL Hotel Network, who returned to the management of the company at the end of last month, also resigned.Cho Yang-ho (69, photo), chairman of Hanjin group, apologized to the public on April 22, and said he would dismiss his eldest daughter Hyun-ah and younger daughter Hyun-min from all positions in the group. However, just as Cho Hyun-ah returned to management while on probation, after stepping down from all positions within the group following the "nut rage" in 2014, some people are voicing their concerns that the latest measure may also be a makeshift to calm the aggravated public.

North Korea Suspends Nuclear & Missile Tests, Raising Expectation for Denuclearization
On April 20, North Korea declared to shut down the nuclear test facility at Punggye-ri and to end its nuclear test and test launches of intercontinental ballistic missiles according to a decision reached at a plenary session of the Workers' Party of Korea. North Korean media outlets reported that the 7th Central Committee of the party held a third plenary session chaired by Kim Jong-un, chairman of the State Affairs Commission, and reached such a decision. At the same time, North Korea abandoned its policy to simultaneously pursue economic growth and nuclear armament and adopted a new policy concentrating on building its economy. This is the first concrete and preemptive action taken by North Korea in relation to its nuclear program after suspending provocations and expressing its willingness to improve its relationship with the international community this year. Cheong Wa Dae assessed the latest action as "significant progress for denuclearization" and U.S. President Donald Trump also said, "This is very good news... Look forward to our Summit." North Korea appears to have made its willingness to abandon its nuclear program clearer ahead of the summit with South Korea and the United States. It is important to note that North Korea's latest measure took place after Chairman Kim expressed his intention to denuclearize the nation.

Redecorating the House of Peace below the Military Demarcation Line Only 10cm Tall
On April 18, nine days before the North-South Korea summit, things were generally calm at the Joint Security Area (JSA) in Panmunjom. However, the House of Peace, the venue for the summit, was bustling with preparations in full swing. The House of Peace was completed in December 1989 and was renovated once last April. A vinyl curtain was installed at the entrance, and construction materials were placed in the area. The House of Peace is a three-story building, with a conference room and waiting rooms on the second floor. A military official said, "From what I know, North Korea visited the House of Peace for a prior inspection. I think North Koreans are coming down more often recently."


AJU Business Daily (

GM and labor union reach agreement shortly before deadline

The debt-stricken South Korean unit of General Motors reached agreement with union leaders Monday on a rehabilitation package that would pave the way for a bailout from creditors to avoid court receivership.The agreement, which came shortly before the deadline set for 5:00 pm (0800 GMT) Monday, will be put to a vote by unionized workers on Wednesday. If approved, GM Korea will be able to start fresh negotiations with creditors and government officials on how to turn around its troubled business."Ratification of the tentative agreement is critical to our viability plan and securing support of the Korean government and our shareholders, the Korea Development Bank and GM," GM Korea president Kaher Kazem said in a statement.

LG starts receiving pre-orders for ultra-high-definition laser projector

LG Electronics, one of the world's top LED beam project makers, started receiving pre-orders Monday for an ultra-high-definition laser projector, scheduled for release next month, that allows viewers to enjoy a clear image in daylight. LG said in a statement that its new product, CineBeam Laser 4K, can create an image in 4K (3,840 X 2,160 pixels) resolution, the highest among commercial displays and projectors. LG said the new projector is 165 millimeters wide (6.5 inches) and long. It is 470mm tall and similar to a large Thermos flask and its upper part has a built-in mirror that allows viewers to change the angle of projection. According to PMA, a London-based market analyst group, the 4K beam projector market would rise to 1.8 million units in 2020 from 90,000 last year.

Customs officials raid Korean Air offices to find tax evasion evidence

South Korean customs authorities raided the offices of Korean Air Monday to find evidence related to allegations that the family of Hanjin Group head Cho Yang-ho has brought in foreign luxury goods without paying duties through a legitimate loophole at airports.The search was conducted in Korean Air's headquarters and other offices, two days after customs officials ransacked the residence of Cho and his three children. Cho's family is suspected of avoiding customs duties by disguising individual items as company goods or aircraft parts that were brought in through passages for airline officials at airports.


Maeil Business News Korea (

GM Korea, union reach tentative deal on restructuring

GM Korea, the local unit of U.S. auto giant General Motors Co., and its union reached a tentative agreement on the company’s self-restructuring plan, moving a step closer to possible fund injection from its U.S. parent company and the Korean government that would bail out the money-losing unit. According to GM Korea on Monday, its management and labor union struck a tentative deal to freeze wages and cut benefits including no bonus payment this year to rescue GM’s sinking Korean operation. Before striking the deal at the last minute before the company’s Monday deadline, the two parties have had 14 rounds of negotiations on wages and collective bargaining since their first talks on Feb. 7.

Daesang to ramp up feedstuff supplement production

South Korea’s mid-sized food making conglomerate Daesang Corp. is prepping to produce tryptophan, synthetic amino acid instrument to accelerate livestock’s growth to expand its share in the fast-growing feedstuff market. Daesang said Sunday that it will add tryptophan production lines at its lysine factory in Gusan, North Jeolla Province, Korea in the second half this year. It is reported to readying order for equipments.

LG Elec nears closing $1.2bn buyout of Austrian light maker ZKW

South Korea’s LG Electronics Inc. and its holding company LG Corp. are reportedly set to seal an estimated 1.3 trillion won ($1.2 billion) deal to acquire Austrian automotive light maker ZKW Group in line with the LG conglomerate’s inroads into the automotive market in the age of automated vehicles. According to sources close to the matter, LG Electronics and LG plan to hold a board meeting within this month to approve the buyout plan that would make the largest-ever offshore M&A bid for the fourth largest Korean conglomerate.


What’s ticking around the world at this second?

See what the world media around the world have to report:

USA Today

The New York Times

Wall Street Journal,

Financial Times

The Times

The Sun

Chinese People's Daily

China Daily


Japan's Yomiuri



Le Monde

Italy LaRepubblica

Germany Frankfurter AllgemeineZeitung


Australia Brisbane Times

Sydney Morning

Colombia Reports

Bogota Free Planet

El Universal


Ecuador Times

The Jordan Times

The Baltic Times,,

El Pais

Philippine Daily Inquirer

Daily News Hungary

Budapest Times


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Sri Lanka:


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