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The Korean daily media headlines and humor

The Korean daily media headlines and humor

Wednesday, May 2, 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

/s/

Lee Kyung-sik

Publisher-Chairman

The Korea Post media

P.S.: If the Headlines are no longer desired, please advise us at: edt@koreapost.com or pub@koreapost.com.

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For further details, please call Ms. Sua Kim at 010-7584-5873 (English) or Ms. Kim Jung-mi at 010-3388-1682 (Korean). The Publisher-Chairman may also be reached at 010-5201-1740.

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

The Korea Post media (www.koreapost.com) in English, (www.koreapost.co.kr) in Korean.

Cheong Wa Dae says U.S. Forces Korea will stay even after peace treaty

A presidential aide said Wednesday that U.S. troops will continue to be stationed in South Korea even if a peace treaty is signed to formally end the 1950-53 Korean War.

The ranking official flatly dismissed the possibility of a withdrawal floated by a special security adviser to President Moon Jae-in.

"The government's position is that the U.S. Forces Korea (USFK) is playing the role of a mediator between major powers surrounding the country, such as China and Japan. It is the government's stance that the USFK is needed," the Cheong Wa Dae official told reporters, while speaking on condition of anonymity.

2 biz groups newly added to conglomerate watch list

Two major business groups have been newly added to the antitrust watch list as large business groups whose mutual investments and loan guarantees are restricted, the corporate watchdog said Tuesday.

Every year the Fair Trade Commission (FTC) announces a newly updated list of large business groups with assets of 10 trillion won (US$9.36 billion) or more to oversee their equity investments or inter-affiliate loan guarantees.

In its latest update, the FTC added Kyobo Life Insurance and Kolon, and removed one from the list, raising the total number to 32 from 31 tallied at the end of last year.

Foxtron targets Vietnamese hair product market with great growth potential

Kim Jee-wan, CEO of Foxtron Corp., a leading hair product firm, has said he is proud of the high quality of his hair products. He also said that he is exploring ASEAN and Middle East markets.

In a recent interview with The Korea Post, he said: “If we only count on product strengths such as ingredients and effects, we are confident that we can compete against major name brand names. However, we decided to start overseas first as we lag behind in terms of brand recognition. If we go home after being recognized in foreign countries, we will be able to settle down relatively quickly. We aims to become the ‘BTS’ in the field of hair products."

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KBS (http://world.kbs.co.kr/english/news/)

Top Office: US Troops in Korea Needed even After Peace Treaty

The presidential office says that the presence of U.S. troops in South Korea will be needed even after the armistice that ended the Korean War is replaced by a peace treaty. A senior presidential official made the remarks to reporters on Wednesday when asked about presidential adviser Moon Chung-in's comment that it will be hard to justify the presence of U.S. troops after the peace treaty is signed. The official said that Moon is a presidential special adviser, but has freedom of thought and speech as a scholar, adding President Moon Jae-in gets help from the adviser's political opinion, but is not bound by it.

S. Korea, China, Japan to Hold Summit in Tokyo Next Week

President Moon Jae-in will visit Tokyo next week for a three-way summit with leaders of China and Japan ahead of the U.S.-North Korea summit.

Presidential spokesman Kim Eui-kyeom said on Tuesday that Moon will meet with Japan's Prime Minister Shinzo Abe and Chinese Premier Li Keqiang next Wednesday.

The spokesman said that President Moon will give a briefing on the results of the inter-Korean summit and discuss ways to further strengthen cooperation among the three countries to realize the denuclearization of the Korean Peninsula and establish lasting peace in the region.

Moon Asks UN Chief to Visit N. Korean Nuclear Site for Shutdown Confirmation

South Korean President Moon Jae-in is requesting United Nations officials to monitor the planned shutdown of North Korea's key nuclear test site at Punggye-ri. North Korea promised last week to dismantle the site to “transparently guarantee” its dramatic commitment to stop all nuclear and missile tests. In a phone call with UN Secretary General Antonio Guterres Tuesday, President Moon requested UN monitors and asked that the UN Security Council or the UN General Assembly endorse the inter-Korean agreements he reached with Kim Jong-un at Friday's Panmunjeom summit.

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Yonhap (http://english.yonhapnews.co.kr)

S. Korea's consumer prices rise 1.6 pct in April

South Korea's consumer prices increased more than 1 percent in April on a rise in prices of agricultural and industrial goods, government data showed Wednesday. The country's consumer price index climbed 1.6 percent last month from a year earlier, accelerating from the previous month's 1.3 percent on-year gain, according to the data compiled by Statistics Korea.

The April figure is well below the Bank of Korea's target of 2 percent for the year, stoking speculation that the central bank's monetary tightening will be pushed forward at a gradual pace in the coming months.

But the on-year gain in April is the largest since October, 2017, when the comparable figure was 1.8 percent.

S. Korea, Turkey discuss ways to step up economic cooperation

Business leaders and government officials from South Korea and Turkey gathered in Seoul on Wednesday to discuss ways to expand economic cooperation in various fields, including infrastructure development and innovative technologies, the event's organizer said.

A 150-member Turkish delegation visited South Korea to attend a business forum hosted by the Korea Chamber of Commerce and Industries (KCCI) to explore new trade and business opportunities.

South Korea and Turkey implemented a free trade agreement (FTA) in May 2013 and the two sides in 2015 agreed to expand the scope of the trade pact in service and investment areas.

Samsung introduces mid-end Galaxy A6, A6 Plus smartphones

Samsung Electronics Co. said Wednesday it will start global sales of the Galaxy A6 and Galaxy A6 Plus smartphones equipped with its high-end Infinity Display, along with a more potent selfie camera this month.

The 5.6-inch Galaxy A6 and 6-inch Galaxy A6 Plus comes with Samsung's minimum bezel Infinity Display boasting a 18.5:9 aspect ratio that can allow users to enjoy the widest viewing experience with the available screen size.

The device is aimed squarely at the heavily contested mid-range market, which is growing at a solid pace, particularly in emerging markets and among those people buying smartphones for the first time.

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The Korea Herald (http://www.koreaherald.com)

Allies’ joint military drill to be suspended during inter-Korean summit

South Korea-US joint military exercises are to be suspended when the two Koreas’ leaders hold a historic summit on Friday, in a move aimed at setting a peaceful tone for what could be a major breakthrough to easing cross-border tensions. According to the allies’ militaries, the first part of the annual Key Resolve exercise wrapped up Thursday and the second phase will kick off Monday. A session to review the performance of the computer-simulated games is scheduled for Saturday.

Moon ramps up cooperation with US, Japanese leaders in inter-Korean summit follow up

President Moon Jae-in is stepping up efforts for US and Japan collaborations on North Korean issues, in the follow up to his summit meeting with North Korean leader Kim Jong-un. According to Cheong Wa Dae, Moon spoke with US President Donald Trump late Saturday, and with Japanese Prime Minister Shinzo Abe on Sunday. In the Moon-Trump conversation, which lasted from 9:15 p.m. to 10:30 p.m. (Korea time), the two leaders agreed to continue close collaboration, and to arrange the US-North Korea summit as early as possible.

“President Trump said that the Panmunjeom Declaration confirming the goal of complete denuclearization was welcome news not just for the two Koreas but for the world,” Cheong Wa Dae spokesman Kim Eui-kyeom said.

Infrastructure budget cuts raise concerns

With a thaw in inter-Korean relations raising expectations for possible infrastructure projects in the North, concerns are growing over decreasing budgets set aside to build and refurbish social overhead capital in the South.It is still too early to discuss economic cooperation with North Korea as there remain many hurdles to its denuclearization that would be rewarded with the lifting of international sanctions on the impoverished regime.

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The Korea Times (http://www.koreatimes.co.kr)

'US Forces Korea will stay even after peace treaty'

A presidential aide said Wednesday that U.S. troops will continue to be stationed in South Korea even if a peace treaty is signed to formally end the 1950-53 Korean War.

The ranking official flatly dismissed the possibility of a withdrawal floated by a special security adviser to President Moon Jae-in.

"The government's position is that the U.S. Forces Korea (USFK) is playing the role of a mediator between major powers surrounding the country, such as China and Japan. It is the government's stance that the USFK is needed," the Cheong Wa Dae official told reporters, while speaking on condition of anonymity.

Trump says location, date of summit with Kim Jong-un to be announced 'in couple of days'

U.S. President Donald Trump said Tuesday the location and date of his meeting with North Korean leader Kim Jong-un would be announced in the next couple of days. Trump has said he will meet with Kim in three to four weeks to discuss the denuclearization of the regime. On Monday he said the demilitarized zone dividing the two Koreas, and Singapore, were being considered for the site. "We're setting up meetings right now, and I think it's probably going to be announced over the next couple of days -- location and date," Trump told reporters at the White House.

Moon, Abe, Li to meet May 9

Leaders of South Korea, China and Japan will hold a tripartite summit in Tokyo, May 9, Cheong Wa Dae said, Tuesday.

It will be a South Korean president's first visit to Japan in six-and-a-half years. What was an annual meeting was halted after the last one in Seoul in November 2015. Cheong Wa Dae said Moon would make a one-day trip to Japan to talk with Japanese Prime Minister Shinzo Abe and Chinese Premier Li Keqiang over pending issues in the region, mostly the denuclearization of North Korea.

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Chosun Ilbo (http://english.chosun.com)

U.S. Stealth Fighter Jets Arrive in S.Korea

Eight F-22 Raptor fighter jets have arrived in South Korea from the U.S., according to a government source here on Tuesday.

The world's most advanced fighter jets arrived Sunday from their base in the U.S. mainland to take part in a joint exercise. It is the first time they have been mobilized on this scale for the "Max Thunder" drill that will last two weeks from May 11.

The idea seems to be to keep up maximum pressure on North Korea until it agrees to denuclearize in a summit with the U.S. in May. The jets are parked at an air base in Gwangju.

Kim Jong-un Offers 'Deep Apology' for Chinese Bus Crash Victims

North Korean leader Kim Jong-un went to Pyongyang Railway Station on Wednesday night to see off the bodies of 32 Chinese tourists who were killed in a bus crash on Sunday.

The survivors of the crash in North Hwanghae Province also boarded a special train provided by Kim to take them home.

Kim sent a message of condolences to the Chinese leadership.

Kim visited the Chinese Embassy in Pyongyang at 6:30 a.m. on Monday right after the accident and the same evening visited injured Chinese victims in hospital.

N.Korea's State Media Give Wide Coverage to Summit

North Korea's state media gave wide coverage on Saturday to the summit between President Moon Jae-in and their leader Kim Jong-un the previous day. The official Rodong Sinmun daily carried 61 pictures of the summit on four of its six pages.

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HanKyoReh Shinmun (http://english.hani.co.kr)

Moon shares behind-the-scenes story of inter-Korean summit with top secretaries and aides at Blue House

Cheers and applause rang out from attendees at a meeting with senior secretaries and aides in the small conference room on the third floor of the Blue House’s Yeomin 1 Pavilion on the afternoon of Apr. 30 as President Moon Jae-in emerged from his office just next door. Smiling bashfully, President Moon joined along in the clapping.“Who told you to do this? It’s nice, anyway,” he said. The topic of the meeting – the first since last week’s inter-Korean summit – was the outcome and follow-up measures for the summit, but Moon’s advisers couldn’t hold back their curiosity. Facing their onslaught of questions, Moon shared some behind-the-scenes stories from the summit.

Panmunjeom strong candidate as venue for North Korea-US summit

Panmunjeom, which was the site of the inter-Korean summit on Apr. 27, is also becoming a strong contender for the site of the North Korea-US summit in May. That would make it very likely that the inter-Korean summit, the North Korea-US summit and a trilateral summit involving all those parties would be held successively at Panmunjeom, meaning that all the symbolic work for declaring the end of the Korean War and establishing a peace regime on the Korean Peninsula would take place on the peninsula itself. US President Donald Trump mentioned the House of Peace and the House of Freedom on the southern side of Panmunjeom as possible sites for his meeting with North Korean leader Kim Jong-un in a Tweet on the morning of Apr. 30.

South Korean President Moon Jae-in moves to quickly solidify inter-Korean summit agreements

During a meeting with Blue House senior secretaries and aides on Apr. 30, the first such meeting held since the inter-Korean summit on Apr. 27, President Moon Jae-in repeatedly emphasized “swift follow-up measures across the government.” Moon’s remarks appear to be aimed at ensuring that the Panmunjeom Declaration for Peace, Prosperity and Unification of the Korean Peninsula is actually put into practice, unlike past statements. His goal is to give the agreements reached during the summit too much momentum to be reversed even if a different party gains power. To begin with, Moon gave orders for the inter-Korean summit preparatory committee, which is chaired by Moon’s chief of staff Im Jong-seok, to be reorganized as the “inter-Korean summit implementation committee.”

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JoongAng Ilbo (http://koreajoongangdaily.joins.com/)

Trump hints at a summit in Panmunjom

U.S. President Donald Trump fueled expectations that his historic meeting with North Korean leader Kim Jong-un could take place in Panmunjom, the border village that straddles the inter-Korean border, saying, “There’s a great celebration to be had on the site.”

During a news briefing in the Rose Garden on Monday, local time, the real estate mogul-turned-president indicated his understanding of the historic significance of holding what will be the first summit meeting between the leaders of North Korea and the United States in the demilitarized zone, which would be absent from a summit in an unrelated country like Singapore.

“There’s something I like about it [holding the summit in Panmunjom], because you’re there, if things work out there’s a great celebration to be had on the site, not in a third-party country,” said Trump.

Moon to brief Abe, Li on meeting with Kim

The Blue House announced Tuesday that President Moon Jae-in will meet with China’s premier and Japan’s prime minister on May 9 to discuss the results of his summit with North Korea’s leader.

The meeting will be held in Tokyo and represents the first visit to Japan by a South Korean president in over six years. The last was made by Lee Myung-bak in December 2011. Moon’s immediate predecessor, Park Geun-hye, never made a trip to Japan.

“President Moon will explain the outcome of the inter-Korean summit and ways to achieve denuclearization of the Korean Peninsula and enhance trilateral cooperation to ensure the establishment of permanent peace in the region,” said the Blue House’s spokesman, Kim Eui-kyeom.

U.S. exempts Korea from steel tariffs

Korea was formally exempted from new U.S. tariffs on imported steel and aluminum that went into effect May 1 - the only country to get a pass from the Donald Trump administration. The White House claimed that Korea was exempted because its steel trade no longer threatened national security, the rationale for the Trump’s government’s new tariffs. Last year, Korea was the third-largest exporter of steel to the United States. “Today, President Donald J. Trump issued two proclamations authorizing modifications of the Section 232 tariffs on steel and aluminum,” the White House said in a statement on Monday.

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The KyungHyang Shinmun (http://english.khan.co.kr/)

President Moon, "Chairman Kim Asked About the North Korea-U.S. Summit, And I Answered"

President Moon Jae-in and Chairman Kim Jong-un, head of North Korea's State Affairs Commission reportedly discussed the summit between North Korea and the United States in their private meeting on the footbridge bench during the April 27 inter-Korean summit.

On April 30, a key Cheong Wa Dae official conveyed that President Moon said, "With the North Korea-U.S. summit ahead, Chairman Kim Jong-un asked (about it) and I answered," when his aides asked about the half-hour conversation on the footbridge in a meeting with Cheong Wa Dae senior secretaries and aides.


Chairman Kim Empties Glass of Munbaeju, While Ri Sol-ju and Kim Yo-jong Sing Along to a Performance of "Spring in My Hometown"

A North Korean magician performed a magic show. Singer Cho Yong-pil sang a duet with Hyon Song-wol, director of the North Korean Samjiyon Orchestra. Chairman of North Korea's State Affairs Commission Kim Jong-un emptied his glass of Munbaeju in a single gulp. First Lady Kim Jung-sook came up with the idea for the Hunminjeongeum folding screen in the House of Peace reception hall....

On April 29, Cheong Wa Dae and those present at the inter-Korean summit dinner released the behind-the-scenes details of the April 27 inter-Korean summit.


The art of the Summit Deal
“North Korea just stated that it is in the final stages of developing a nuclear weapon capable of reaching parts of the United States,” President-elect Donald Trump tweeted a day after Kim Jong Un‘s New Year’s Day speech last year. “It won‘t happen.”Now, by stopping nuclear and missile testing just short of having a proven thermonuclear weapon and an ICBM to deliver it to all of the United States, Kim Jong Un has made it possible for President Trump to get his wishat the summit - but only if the U.S. is prepared to sustain negotiations and live up to its commitments.

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AJU Business Daily (http://eng.ajunews.com/korea)

China's dilemma after Panmunjom declaration

China has welcomed the Panmunjom Declaration but it seems to be in a new worry. What does it mean to China that inter-Korean reconciliation leads to peaceful stability on the Korean peninsula, the pursuit of common prosperity and national unification? China judges on a short-term and long-term basis.

In the short term, inter-Korean reconciliation is advantageous for China because it can eliminate anxieties such as the North Korean nuclear issue, the recurrence of war on the Korean peninsula, the leakage of nuclear materials, and North Korean refugees. With the stability of the Korean peninsula, China can concentrate more on other regions and fields.

Hanjin founding family members to be grilled over smuggling allegation: customs chief

The chief of the country's customs office said Monday that founding family members of Korea Air Lines Co. are likely to be interrogated over their alleged smuggling. The office has been investigating allegations that family members of Hanjin Group Chairman Cho Yang-ho, also chairman of Korean Air, have smuggled luxury goods into the country without properly paying duties. Last week, the Korea Customs Service carried out a search of the airline's headquarters over the suspicion raised by some former and current employees that the chairman's children and even his wife circumvented the law using the company to bring in goods from overseas without proper declaration.

Moon urges parliamentary ratification of Panmunjom Declaration

President Moon Jae-in on Monday called for swift efforts to have the outcome of his historic summit with North Korean leader Kim Jong-un ratified by the parliament, a move apparently aimed at ensuring the implementation of the inter-Korean agreement despite a possible change in government down the road.

"I ask you to quickly start taking steps to have the declaration ratified as required under the law on the development of South-North Korea relations," Moon said while meeting with his aides in a weekly meeting held at his office Cheong Wa Dae.

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Maeil Business News Korea ( http://www.pulsenews.co.kr/)

LG Chem hits all-time high revenue of $6.1 bn in Q1

South Korea’s leading petrochemical company LG Chem Ltd. reported strong earnings for the quarter ended March this year with all-time high revenue on brisk sales in its basic materials and chemicals business. LG Chem in a disclosure statement Monday estimated its operating profit for the first three months this year rose 5.8 percent to 650.8 billion won ($607.9 million) from a quarter ago on record high revenue of 6.554 trillion won, up 1.9 percent on quarter. Against a year-ago period, its operating profit was down 18.3 percent, while sales rose 1.0 percent. Net profit gained 0.8 percent on year to 552.7 billion won.

KT expands solar panel facility monitoring service

South Korea’s KT Corp. will start to provide a real-time monitoring service for small- and mid-size solar farm operators in July, the company said on Monday. According to company, the company will provide the GiGa energy Gen-Solar Operation & Management service that will allow KT employees at its integrated energy management platform KT-Micro Energy Grid (KT-MEG) center in Gwacheon, Gyeonggi Province, to monitor real-time conditions of customers’ solar power systems and inform them immediately of equipment failure and technological irregularity.

Economic reunification of two Koreas costs $622 bn for next 20 yrs

A total of $621.5 billion should be injected to the North Korean economy over the next 20 years to help it catch up with South Korea for economic reunification without any serious impact, a report showed.

According to a report released by state-run Korea Development Bank, capital funding of $621.5 billion needs to be injected into North Korea to raise its current per capita gross domestic product (GDP) of around $650 to the $10,000 level by 2036. It is translated into $31 billion annual funding for 20 years, which amounts to 1.9 percent of South Korea’s real GDP.

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What’s ticking around the world at this second?

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

USA Today www.usatoday.com aallman@gannett.com

The New York Times www.nytimes.com inytletters@nytimes.com

Wall Street Journal www.wsj.com support@wsj.com,service@wsj-asia.com

Financial Times www.ft.com ean@ft.com

The Times www.thetimes.co.uk help@timesplus.co.uk

The Sun www.thesun.co.uk talkback@the-sun.co.uk

Chinese People's Daily www.people.com.cnkf@people.cn

China Daily www.chinadaily.com.cn circulation@chinadaily.com.cn

GwangmyeongDaily www.gmw.cn webmaster@gmw.cn

Japan's Yomiuri www.yomiuri.co.jp japannews@yomiuri.com

Asahi www.asahi.com customer-support@asahi.com

Mainichi www.mainichi.jp

Le Monde www.ilemonde.com

Italy LaRepubblica www.quotidiano.repubblica.it vittorio.zucconi@gmail.com

Germany Frankfurter AllgemeineZeitung www.faz.net anzeigen.ausland@faz.de

SüddeutscheZeitung www.sueddeutsche.de forum@sueddeutsche.de

Australia Brisbane Times www.brisbanetimes.com.au syndication@fairfaxmedia.com.au

Sydney Morning Heraldwww.smh.com.au

Colombia Reports http://colombiareports.com

Bogota Free Planet http://bogotafreeplanet.combfp@bogotafreeplanet.com

El Universal http://www.eluniversal.com.mx/english

Andes http://www.andes.info.ec/en

Ecuador Times http://www.ecuadortimes.net

The Jordan Times https://www.jordantimes.com

LSM.lv http://www.lsm.lv/en

The Baltic Times http://www.baltictimes.comlithuania@baltictimes.com, estonia@baltictimes.com, editor@baltictimes.com

El Pais http://elpais.com/elpais/inenglish.html

Philippine Daily Inquirer https://www.inquirer.net

Daily News Hungary http://dailynewshungary.com

Budapest Times http://budapesttimes.hu

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The Korea Post is running video clips from the different embassies.

Azerbaijan: https://www.youtube.com/watch?v=OR8CBpcQ4WM

Sri Lanka: https://www.youtube.com/watch?v=hByX92Y2aGY&t=22s

Morocco: https://www.youtube.com/watch?v=jfFmp2sVvSE

And many other countries.

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TO ERR ON THE SAFER SIDE!

I trust that Your Excellency may be aware that we are ready to fully meet ALL the information dissemination-acquisition requirements of the Embassies—free of charge.

Please visit the following URLs and order us:

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20-page Korean-language newspaper http://www.koreapost.co.kr/pdf/list.php

English E-daily http://www.koreapost.com/news/articleView.html?idxno=6588

English monthly magazine The Korea Post http://www.koreapost.com/cover/coverList.html

To satisfy your information dissemination-acquisition requirements, please drop a line at edt@koreapost.com, pub@koreapost.com or yeskoreapost@gmail.com

The publisher-chairman of The Korea Post media is serving the Diplomatic Community for more than 40 years, 32 years with The Korea Post and 10 years with The Korea Herald as the Cultural Editor who covered the Diplomatic Community.

For quick response, call Chairman Lee directly at 010-5201-1740 or reporters at 010-3388-1682 or 010-7584-5873.

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Lee Kyung-sik  edt@koreapost.com

<저작권자 © 코리아포스트, 무단 전재 및 재배포 금지>

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