The Korean daily media headlines and humor
The Korean daily media headlines and humor
  • Lee Kyung-sik
  • 승인 2018.04.26 09:25
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The Korean daily media headlines and humor

Wednesday, April 25, 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


Moon to clinch ‘Denuclearization of North Korea’ at Moon-Kim talks Friday

President Moon Jae-in is expected to seek to clinch North Korea’s declaration of its denuclearization at his meeting with Chairman Kim Jong-un in Panmunjom on April 27, 2018. The working-level officials of the two sides are known to be finalizing the document of agreement between the two leaders—leaving the question to the two leaders to decide directly at their meeting.
Whether North Korea will carry out its denuclearization is said to have been left for the two leaders to decide at their meeting at Panmunjonm on April 27. This was reported by Korean-langauge daily, Chosun Ilbo, this morning.

(For further details, visit:


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

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

Inter-Korean summit seen as tone-setter for Trump-Kim meeting

South Korean President Moon Jae-in could hold the key to setting the tone for upcoming talks between U.S. President Donald Trump and North Korean leader Kim Jong-un.When he meets with Kim on Friday, Moon will be expected to sound out the regime's willingness to dismantle its nuclear weapons program for peace on the peninsula and beyond.Based on what the North Korean leader says, Trump is expected to make his final preparations for a high-stakes showdown with the reclusive regime."The inter-Korean summit is very important for setting the groundwork for the U.S.-North Korea summit," Ken Gause, a North Korea expert at CNA Corp., said in emailed remarks to Yonhap. "President Moon should be able to use the information he learns at the inter-Korean summit to help prepare President Trump for his meeting with Kim Jong-un."

Semiconductor industry shows big profit gap between majors, minors

The profit gap between majors and minors in the semiconductor industry is as wide as eight-fold, analysis by a corporate tracker showed Wednesday, an imbalance veiled by big successes of industry leaders, such as SK hynix and Samsung Electronics.According to CEO Score, total sales by 173 semiconductor firms last year came to 242.88 trillion won (US$225.3 billion). Their operational profit reached 57.1 trillion won. The analysis was based on business reports submitted by the companies who are members of the Korea Semiconductor Industry Association.The figures indicate an average 23.5 percent in operating profit rate, a high performance considering that the average rate for manufacturers was 5 percent.

A closer look, however, revealed that while the two majors had exceptional rates -- Samsung Electronics 47.4 percent and SK hynix 45.6 percent -- the average for 171 smaller companies was only 5.9 percent.

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.



Two Koreas to Hold Joint Rehearsal for Summit

South and North Korea will hold a joint rehearsal on Wednesday ahead of their upcoming summit set for Friday.Officials from the two sides will begin the rehearsal on Wednesday morning at the truce village of Panmunjeom, the venue for the historic meeting between President Moon Jae-in and North Korean leader Kim Jong-un.The officials will engage in comprehensive on-site inspections under the exact same format as the actual summit, and trace detailed routes and events involving the two leaders, including a welcoming ceremony and a dinner. For the closed-door joint rehearsal, a North Korean delegation led by Kim Chang-son, an official from the State Affairs Commission, will arrive at the Peace House in Panmunjeom to join the South Korean officials.

Moon: Ending Korean War Needs at Least 3-Way Agreement

President Moon Jae-in says South Korea will cooperate with the U.S. and Japan to bring an official end to the Korean War. Moon made the remark during telephone talks with Japanese Prime Minister Shinzo Abe on Tuesday, answering Abe’s question on speculation the two Koreas will declare an end to the Korean War or replace the armistice agreement with a peace treaty during the upcoming inter-Korean summit. Moon said such a declaration cannot be made through inter-Korean dialogue alone, and should at least be a tripartite agreement, involving the U.S., adding he will closely cooperate with the U.S. and stay in close contact with Abe as well. Presidential Spokesman Kim Eui-kyeom said that during Moon's 40-minute talks with Abe, the South Korean leader said that a successful inter-Korean summit will significantly boost the chances of a successful U.S.-North Korea summit and help the normalization of the Japan-North Korea relationship as well. He said the success of the summits will create momentum to fundamentally solve various issues between North Korea and Japan.

S. Korea Conducts Rehearsal for Inter-Korean Summit

South Korean officials held a rehearsal on Tuesday for the upcoming inter-Korean summit. The presidential office of Cheong Wa Dae said the first rehearsal was held for about two hours from 2:40 p.m. at the summit’s venue, the Peace House on the southern side of the truce village of Panmunjeom. Presidential Chief of Staff Im Jong-seok, who heads the preparation committee for the summit, presided over the rehearsal which was also attended by senior committee officials dealing with the summit’s agendas, inter-Korean communications and administrative assistance. According to the top office, the rehearsal took every issue into account, including how the two leaders will move around at Friday’s event and how tables and chairs will be arranged. The preparation committee also practiced real-time management of the summit through the two situation rooms set up at the Freedom House at Panmunjeom and the main press center in Goyang City, northwest of Seoul.


Yonhap (

U.S. mulls Adm. Harris as new amb. to South Korea: reports

The United States is considering picking Adm. Harry Harris, the commander of U.S. forces in the Pacific, as top envoy to South Korea, media reports showed Wednesday.Citing a high-ranking White House source, the Washington Post reported that Washington is mulling appointing Harris as the new ambassador to South Korea. He was nominated to become the next ambassador to Australia in February. The ambassadorial post in South Korea has been vacant since U.S. President Donald Trump took office in January last year.The unusual long-haul vacancy has raised worries over a possible lack of policy coordination between the allies, which has gained urgency amid fast-changing security situations surrounding the Korean Peninsula.Earlier this year, the U.S. withdrew Victor Cha, a North Korea expert, from consideration for the job amid allegations over his policy differences with the Trump administration on the North and other issues.

Foreign shareholders take nearly half of cash dividends in 2017

Nearly half of cash dividends from South Korean conglomerates last year went to foreign shareholders, with Samsung Electronics leading the pack, data from the financial regulator showed Wednesday.The top 30 listed firms in terms of market cap paid 17.39 trillion won (US$16.13 billion) in cash dividends in 2017, of which 8.49 trillion won, or 48.9 percent, went to offshore shareowners, according to the Data Analysis, Retrieval and Transfer System (DART) operated by the Financial Supervisory Service.Samsung Electronics was the biggest payer to foreigners with 5.82 trillion won, equal to 52.74 percent of total dividend payments.SK hynix came next with 7.06 trillion won, or 47.53 percent.Preferred stocks and companies who did not have comparative figures from five years ago -- Samsung BioLogics, Netmarble, Celltrion Healthcare and Samsung SDS -- were excluded from data analysis.

LG Display turns to shortfall in Q1

LG Display Co. said Wednesday it turned to a net loss in the January-March period, posting a quarterly shortfall for the first time in six years amid falling global panel prices.The net loss came to 48.9 billion won (US$45.4 million), compared with a profit of 679 billion won posted a year earlier, the company said through its regulatory filing.The company also posted an operating loss of 98.3 billion won, compared with a profit of 1 trillion won posted a year earlier. Sales moved down 19.6 percent to 5.67 trillion won.LG Display said its sales lost ground due to seasonally low demand coupled with weaker demand from manufacturers, which took a wait-and-see stance on a possible increase of the supply from Chinese rivals.The company, however, said the sales from the OLED panel business continued to increase, claiming the segment's profitability also rose.Despite the improved performance of the OLED sector, however, LG Display said the falling global prices of LCD panels and foreign-exchange conditions led the company to post a quarterly shortfall in the cited period.


The Korea Herald (

Trump to N.Korea's Kim: 'Get rid of nukes'

US President Donald Trump on Tuesday called on North Korea to abandon its nuclear program, ahead of an expected summit with the North's leader Kim Jong-un.Earlier, the US leader -- who spent the day in talks with French President Emmanuel Macron -- had described Kim as "very open" and "very honorable" -- his most positive comments yet about a man he once publicly belittled.But when pressed about what he hoped to gain from Pyongyang, the 71-year-old Republican president was blunt.

Trump praises N.Korea's Kim as 'very open,' 'honorable'

US President Donald Trump praised Kim Jong-un as "very open" and "very honorable" on Tuesday, adding the North Korean leader wants to meet "as soon as possible.""We are having very good discussions," Trump said, ahead of a summit with the mercurial Kim expected sometime before the end of June."He really has been very open, I think -- very honorable."

Opposition parties join hands to regulate internet portals

Three opposition parties agreed to work on regulating large internet portals’ news service and comments sections in the wake of an opinion rigging scandal involving former ruling party members.In addition to editing and arranging news articles, Web portals in Korea show the number of clicks on each article, the rankings of the most searched keywords on a real-time basis, and places comments that get the most “likes” at the top of the comment box below the articles.The leaders and whips of the main opposition Liberty Korea Party, the Bareunmirae Party and the Party for Democracy and Peace said after a meeting on Monday that they would “join forces to improve the portals and the public opinion poll system.”


The Korea Times (

Peace treaty not possible without US: Moon

President Moon Jae-in has reaffirmed that signing a treaty to formally end the Korean War will require a tripartite agreement among North and South Korea and the United States, and is not possible just between the two Koreas.He made the remarks during a 40-minute phone conversation with Japanese Prime Minister Shinzo Abe, Tuesday, three days before his summit with North Korean leader Kim Jong-un.It has recently become known that the two Koreas and the U.S. could discuss the possibility of changing the current armistice agreement into a peace treaty in the inter-Korean and following Washington-Pyongyang summits."Declaring the end of the war cannot be achieved through inter-Korean talks; it can only be done when at least the two Koreas and the U.S. agree on it," Moon was quoted as saying by presidential spokesman Kim Eui-kyeom.

Koreas to hold summit rehearsals Wednesday

The two Koreas will hold joint rehearsals Wednesday for Friday's summit between President Moon Jae-in and North Korean leader Kim Jong-un.The rehearsals will be held under the exact same format as the actual summit on Friday. But Cheong Wa Dae has not confirmed the detailed timeline for events on the day of the summit.Presidential chief of staff Lim Jong-seok will head the southern delegation for the rehearsal. Kim Chang-son, a member of the Party Central Committee from the North, will also visit the summit venue of Peace House on the southern side of the inter-Korean border village of Panmunjeom.Both sides will engage in comprehensive on-site inspections by tracing detailed routes on which the two leaders will walk during the summit. Other details include the arrangement of furniture at the Peace House.

North Korea internally promotes 'nuclear statehood' to its people ahead of summit

North Korea is promoting its "nuclear statehood" to its people ahead of Friday's historic summit between its leader Kim Jong-un and his South Korean counterpart Moon Jae-in, according to a report. Citing sources in the reclusive state, Seoul-based newswire Newsis reported on Tuesday that the North's regime ordered news outlets and publishers to produce stories promoting the North as a "nuclear-armed state." Newsis said the order became effective at midnight Sunday ― hours after Kim made a surprise announcement that his country would suspend all nuclear and long-range missile tests and close a nuclear test site.


Chosun Ilbo (

Leaders of 2 Koreas to Sit Down to Dinner After Summit
The leaders of the two Koreas will sit down to dinner together after their summit on Friday. Officials from the two sides agreed the plan on Monday in preparatory talks in the border truce village of Panmunjom. Cheong Wa Dae press secretary Kwun Hyuk-ki said that President Moon Jae-in and North Korean leader Kim Jong-un will first attend a welcoming ceremony before holding the summit, which will be followed by a state dinner.

Politicians Try to Milk Bitcoin Craze for Local Elections
Politicians are trying to cash in on the bitcoin craze to lure voters ahead of the June 13 regional elections. A dozen candidates running in Seoul, Busan, Gyeonggi and North Chungcheong constituencies have proposed issuing new cryptocurrencies. The trend is most prevalent in Seoul. Seoul Mayor Park Won-soon, who recently won the ruling Minjoo Party's nomination for a third term, vowed to create a currency called "S-coin" that can be used in Seoul. He pledged to award "eco-mileage" S-coins to households that save electricity, water and gas as well as using it to pay subsidies for young jobseekers struggling with unemployment and welfare benefits for city officials.

Women Overseas Travelers Outnumber Men
Women have for the first time outpaced men in the number of travelers heading overseas. The Korea Culture and Tourism Institute said Monday that 12.45 million Korean women traveled abroad last year, accounting for 47 percent of total outbound visitors, compared to 12.39 million men or 46.7 percent. The rest were children.Until 2013, men accounted for 50.1 percent and women for 40.1 percent. Men in their 30s and 40s still outnumbered women in that age bracket because they more frequently go on business trips. But among travelers in their 20s there was little difference. Statistics from travel agencies show that women outnumber men even more markedly when it comes to overseas tourism. According to Hana Tour, 56.5 percent of its outbound customers were women in 2014, and the proportion rose even further to 58.6 percent last year.


HanKyoReh Shinmun (

Positive atmosphere prevailed during Kim-Pompeo meeting, reports Asashi Shimbum

A positive atmosphere prevailed during three or four meetings between US Secretary of State nominee Mike Pompeo and North Korean leader Kim Jong-un between the end of March and the beginning of April, Japanese newspaper the Asahi Shimbun reported on Apr. 23.“Kim Jong-un personally welcomed Mike Pompeo when he visited North Korea. The two of them met three or four times. Some progress appears to have been made toward a North Korea-US summit [scheduled for late May or early June],” the Asahi Shimbun quoted a source familiar with North Korea as saying. The newspaper reported that Kim was delighted to meet Pompeo, who he said “sees eye-to-eye with him,” suggesting his satisfaction with the results of the meeting. A senior official in the American government who is apparently a CIA agent is still in North Korea in an apparent attempt to coordinate the upcoming summit and maximize the results of Pompeo and Kim’s meeting.

Schedule finalized for inter-Korean summit

A general schedule has been set for the historic summit on Apr. 27 between South Korean President Moon Jae-in and North Korean leader Kim Jong-un. According to details announced by Blue House press center director Kwon Hyuk-ki following a third round of working-level talks on protocol, security, and press coverage on Apr. 23, Pyongyang is set to open the North Korea side of Panmunjeom up to South Korean press coverage for the first time since Korea’s division. The two leaders’ meeting as they attempt to overcome 70 years of division will be broadcast live around the globe. The world’s eyes and ears will also be focused on whether Kim’s wife Ri Sol-ju visits the South and what kind of official welcoming ceremony is staged.

GM Korea reaches deal with union on wages, cost-cutting measures

GM Korea labor and management reached a deal on Apr. 23 toward a wage negotiation plan including cost-cutting measures. The two sides announced the tentative agreement on a wage negotiation plan at their 14th round of bargaining talks that afternoon at the company’s Bupyeong factory in Incheon. The agreement means that GM Korea may able to avoid an application for court receivership and find a plan for its recovery.In down-to-the-wire negotiations, the two sides managed to find compromises on key issues including the job security of the 680 remaining Gunsan factory employees who did not apply for voluntary retirement, assignments of new models, and reductions in benefit spending. The union is set to bring the agreement up for a vote by its members on Apr. 25–26.


JoongAng Ilbo (

Rehearsal held for Moon-Kim summit Friday

The Blue House on Tuesday held a rehearsal at the border village of Panmunjom for the historic meeting to take place on Friday, going over things like the expected walking routes of the two Korean leaders. The rehearsal, led by Im Jong-seok, chief of staff for President Moo Jae-in, came three day before the scheduled one-day meeting of Moon and North Korean leader Kim Jong-un at the Peace House on the southern side of Panmunjom. A joint rehearsal with North Korea will take place today. A senior presidential official said Tuesday that the joint rehearsal will take place at the same time as when Kim will cross the military demarcation line at Panmunjom, making him the first North Korean leader to set foot in the South Korean territory, to meet Moon. Details of the rehearsal will be kept secret as it would reveal the schedule for the meeting of the two leaders, which has not been made public.

Death of Chinese tourists rattles North’s leader

North Korean leader Kim Jong-un visited the Chinese Embassy in Pyongyang to express his “deep sympathy” over a bus accident that killed 32 Chinese tourists on Sunday in North Hwanghae Province, just above the border with South Korea, according to Pyongyang’s state media Tuesday.The North’s Korean Central News Agency (KCNA) said Kim made the visit on Monday at 6:30 a.m. as 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,” according to an English report.KCNA did not mention any details of the accident, including its cause, location or how many casualties occurred. Instead, the North’s official mouthpiece emphasized the leader’s grief and traditional bond between the allies.

Elliott makes suggestions to Hyundai Motor

Elliott Advisors proposed changes to Hyundai Motor Group’s restructuring of its corporate governance to maximize its profit as a shareholder, but no direct change is likely to take place anytime soon. The hedge fund’s Hong Kong unit, which owns a $1 billion stake in three of the group’s affiliates, requested Hyundai Motor Monday evening to take on a holding company structure and increase dividend payments under its own proposed plan, called “Accelerate Hyundai Proposals.”Elliott asked Hyundai Motor to become a holding company by merging with its parts-making affiliate Hyundai Mobis to “create a truly comparable and global auto OEM.” It added that a plan proposed by Hyundai Motor early this month to make Hyundai Mobis a major affiliate by spinning off its module and after-sales service businesses and merging them with logistics affiliate Hyundai Glovis and increasing the Hyundai Mobis shares owned by Chairman Chung Mong-koo and his heir apparent Vice Chairman Chung Eui-sun triggers “significant tax costs to shareholders.”


The KyungHyang Shinmun (

"New Economic Map of the Korean Peninsula" President Moon's Pledge in the Spotlight
With the inter-Korean summit on April 27 approaching, the Moon Jae-in government's policy on the North Korean economy, "the new economic map of the Korean Peninsula" is drawing attention.According to the white paper published by the National Planning and Advisory Committee, which worked as the transition committee for the Moon Jae-in government, last year, the three major economic belts forming an H on the Korean Peninsula are at the center of the new economic map. In the east, North and South Korea are to jointly develop Mount Kumgang, Wonsan, Tanchon, Chongjin and Rason and create the East Sea Energy & Resources Belt, linking South Korea's east coast with Russia. To the west, the West Coast Industrial, Logistics & Transportation Belt links the Seoul metropolitan area with the Kaesong Industrial Complex, Pyongyang, Nampo and Sinuiju. Then there is the DMZ (Demilitarized Zone) Environment & Tourism Belt, which connects east and west.

ROKS Cheonan & the Sewol Covered All Other Issues: Will D-ruking and the Summit Shake the Elections?
In every election, big and small variables unexpectedly emerge. Sometimes, a single issue can determine the election landscape or expand to become the major agenda in the race. It can change the position of the ruling and opposition parties from the offensive to the defensive and determine the outcome of the election. As of April 23, the June 13 local elections are now fifty days away. We would like to examine the variables in the upcoming local election based on past examples.

“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.


AJU Business Daily (

Jeju Air's unconventional decision allows crews to wear glasses and nail arts

South Korea's top budget carrier Jeju Air is gaining popularity for unconventionality to create a new and liberal culture in the cabin as the reputation and brand value of Korean Air crashed due to misconduct and illegal activities by its ruling family.Jeju Air, controlled by Aekyung, a mid-sized business group specializing in home, health, and beauty care products for daily use, has seen dramatic growth to be South Korea's third-largest airliner running regular routes to 13 countries since it opened its service in 2006.Last year, Jeju Air's operating profit soared 74 percent on-year to 101.3 billion won (94.1 million US dollars) and its revenue was up 33.3 percent to 996.3 billion won. Net profit gained 45.5 percent to 77.1 billion won.

Trump praises Kim as 'very open,' 'very honorable': Yonhap

U.S. President Donald Trump praised North Korean leader Kim Jong-un for being "very open" and "very honorable" ahead of their potential meeting in May or June. Trump made the remark as he prepares to sit down with Kim to talk about the denuclearization of the regime."We are going to be having a meeting with Kim Jong-un, and that will be very soon," Trump said at the start of talks with French President Emmanuel Macron at the White House. "We have been told directly that they would like to have the meeting as soon as possible and we think that's a great thing for the world."

French company agrees to expand industrial gas production in S. Korea

French Air Liquide SA, a major industrial gas supplier, has decided to expand production at its plant in South Korea's southern industrial city of Yeosu, provincial authorities said Tuesday.The South Jeolla provincial government said the French company would build a new plant worth 157 billion won (146 million US dollars) by December 2019 to boost its annual production capacity of hydrogen and carbon monoxide. The investment plan was confirmed when provincial government officials visited French Air Liquide's head office in Paris, it said.


Maeil Business News Korea (

Elliott unveils designs for Hyundai Motor, shares up

U.S. activist hedge fund Elliott Management, which recently disclosed its $1 billion interest in Hyundai Motor Group stocks, made specific demands to reorganize Korea’s second largest conglomerate to generate greater returns for shareholders, having drawn similar changes from Samsung Electronics. Elliott Advisors Hong Kong, a unit of the New York-based investment firm, said in a statement on Monday it welcomed the Korean auto giant’s proposed restructuring plan, but that “the unwinding of the current circular shareholding by itself… lacks clear benefits to minority shareholders.”

SK Hynix posts 2nd-best earnings in Q1, capex to be around $12bn

South Korea’s SK Hynix Inc. reported a 77-percent year-on-year jump in its operating profit as sizzling demand for memory chips defied the usually slow season of the first quarter and generated a profit of 50 percent for every chip it sold despite softening in prices. To stay ahead in the game amid heated demand to power enterprise big data servers, the company is mulling around 13 trillion won ($12 billion) in capital investment for this year. The world’s second-largest DRAM maker in a regulatory filing on Tuesday disclosed an operating profit of 4.37 trillion won, slightly off its best-ever record of 4.47 trillion won in the previous quarter. Sales of 8.72 trillion won were up 38.6 percent against a year-ago period and down from its record-high of 9.03 trillion won in the previous quarter.

S. Korea’s 5G tech to be another star of the inter-Korean summit

As the South Korean government prepares to demonstrate its soft power to usher the world’s most belligerent regime onto a peaceful path by making it give up nuclear weapons, the business community is busy promoting the country’s strength in IT when global eyes will be drawn to the world’s heavily armed border on Friday. The country’s largest telecom company KT Corp., chosen as the IT service provider for the summit, is readying to wow the global audience through its 5G infrastructure for the live feed from the Peace House, a building on the South Korean side of the border village of Panmunjom, where the historic summit talks between South Korean President Moon Jae-in and North Korean leader Kim Jong-un will take place.


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



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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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