The Korean daily media headlines and humor
The Korean daily media headlines and humor
  • Lee Kyung-sik
  • 승인 2018.05.10 15:11
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The Korean daily media headlines and humor

Wednesday, May 9, 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


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

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

One year on, Moon's peace drive gathers steam

A year after his inauguration, South Korean President Moon Jae-in's drive for cross-border reconciliation and peace is starting to bear fruit, with Pyongyang veering toward denuclearization talks after years of saber-rattling.A hotline between Moon and North Korean leader Kim Jong-un has been established. Their historic summit last month has yielded long-awaited agreements to reduce military tensions, enhance bilateral cooperation and pursue "complete denuclearization."These were unthinkable as recently as late last year, as the communist state continued its menacing rhetoric and provocative streak, hewing to its two-pronged policy of simultaneously developing its nuclear program and economy.Analysts said that the growing mood for peace was a product of Moon's delicate mediation between U.S. President Donald Trump and Kim, who are expected to meet in the coming weeks over Pyongyang's denuclearization.

Economic growth on track, but daunting tasks still remain

The South Korean economy is on a firm growth trajectory under the Moon Jae-in government, but a dire job market situation, coupled with controversy over the effects of a raft of new economic policies, is posing daunting challenges for the liberal government that took office a year ago.South Korea's economic growth accelerated last year on the back of robust exports amid a global economic recovery. The nation's economy expanded 3.1 percent in 2017 from a year ago, when it grew 2.8 percent, marking the first time since 2014 that Asia's fourth-largest economy grew by more than 3 percent.For this year, the economy is widely expected to expand by 3 percent on continued domestic demand recovery and robust exports.

Speculation rising over N.K. leader's possible visit to China

Speculation is rising that North Korean leader Kim Jong-un has visited China again in an apparent move to strengthen the relationship with his country's traditional ally ahead of his upcoming summit with U.S. President Donald Trump.

According to sources, an apparent North Korean plane carrying a top Pyongyang official arrived in the Chinese northeastern city of Dalian on Monday, a day before Chinese President Xi Jinping is set to attend a ceremony marking the test operation of his country's aircraft carrier.Should the North Korean official on the plane be confirmed to be the North's leader, it would be his second known visit to China following the surprise trip there for his first summit with Xi in late March.



Trump: Pompeo Traveling to N. Korea to Prepare for Summit

U.S. President Donald Trump said Tuesday that Secretary of State Mike Pompeo is traveling to North Korea to prepare for the upcoming Washington-Pyongyang summit. During a news conference to announce his decision to withdraw from a nuclear deal with Iran, Trump said that at that very moment, Secretary Pompeo was on his way to North Korea, adding he will arrive shortly.Trump said that plans are being made and relationships are building, expressing hope that a deal will happen and a future of great prosperity and security can be achieved for everyone with the help of China, South Korea and Japan. He also said that the location and date for his meeting with Kim have been set, but did not elaborate. Regarding the possibility of the release of three Americans detained in the North, Trump said that we'll soon find out and it would be a great thing if they are.

N. Korean Leader Kim Jong-un Meets with Chinese Leader

North Korea's state-run news agency says North Korean leader Kim Jong-un met with Chinese President Xi Jinping. The Korean Central News Agency said Tuesday that Kim visited Dalian in China's northeastern province of Liaoning from Monday to Tuesday and met with the Chinese leader. KCNA said Kim left Pyongyang on Monday morning aboard his special jet on a two-day visit to the Chinese city accompanied by Ri Su-yong and Kim Yong-chol, both vice chairmen of the Central Committee of the ruling Workers' Party, Foreign Minister Ri Yong-ho, and Kim Yo-jong, the sister of the North Korean leader and first deputy director of the Central Committee. China's state-run CCTV also confirmed the North Korean leader's visit to China, saying that the two leaders discussed Korean Peninsula issues. The latest meeting between the two leaders is their second in about 40 days. Kim made a secret visit to Beijing via his special train from March 25th to the 28th for talks with the Chinese president.

Trilateral Summit to Adopt Special Statement on Panmunjeom Declaration

South Korea's presidential office says the leaders of South Korea, Japan and China will adopt a special statement to express support for the Panmunjeom Declaration during their summit in Tokyo on Wednesday. Kwon Hyuk-ki, the head of Cheong Wa Dae’s press center, said on Tuesday that President Moon Jae-in, Japanese Prime Minister Shinzo Abe and Chinese Premier Li Keqiang will issue a special statement supporting the declaration reached during the recent inter-Korean summit for complete denuclearization and building permanent peace. Noting it will be the first trilateral summit in two-and-a-half years, Kwon said the three leaders will also discuss practical cooperation measures on environment and economy.


Yonhap (

Trump: Pompeo traveling to N.K. to prepare for summit

U.S. President Donald Trump said Tuesday Secretary of State Mike Pompeo is on his way to North Korea to prepare for his planned summit with North Korean leader Kim Jong-un.Pompeo was expected to arrive in the North shortly, Trump said during a news conference on his decision to withdraw the U.S. from a nuclear deal with Iran."At this very moment, Secretary Pompeo is on his way to North Korea in preparation for my upcoming meeting with Kim Jong-un," Trump said. "Plans are being made. Relationships are building. Hopefully, a deal will happen, and with the help of China, South Korea and Japan, a future of great prosperity and security can be achieved for everyone."

S. Korean president arrives in Japan for three-way summit with Abe, Li

South Korean President Moon Jae-in arrived in Tokyo on Wednesday for a summit with Japanese Prime Minister Shinzo Abe and Chinese Prime Minister Li Keqiang that is widely expected to focus on the countries' joint efforts to rid North Korea of its nuclear ambitions.The three-way talks follow Moon's historic summit with North Korean leader Kim Jong-un late last month, in which the leaders of the divided Koreas agreed to pursue complete denuclearization of the Korean Peninsula.Moon's presidential office Cheong Wa Dae earlier said the three leaders of South Korea, Japan and China may issue a joint statement supporting the outcome of the April 27 inter-Korean summit held at the border village of Panmunjom inside the Demilitarized Zone that divides the two Koreas.

Economic growth on track, but daunting tasks still remain

The South Korean economy is on a firm growth trajectory under the Moon Jae-in government, but a dire job market situation, coupled with controversy over the effects of a raft of new economic policies, is posing daunting challenges for the liberal government that took office a year ago.South Korea's economic growth accelerated last year on the back of robust exports amid a global economic recovery. The nation's economy expanded 3.1 percent in 2017 from a year ago, when it grew 2.8 percent, marking the first time since 2014 that Asia's fourth-largest economy grew by more than 3 percent.For this year, the economy is widely expected to expand by 3 percent on continued domestic demand recovery and robust exports.Outbound shipments have been the main pillar of the economy for years, with the total reaching an all-time high of $573.9 billion for 2017, surging from $495.4 billion a year earlier, fueled by an upturn in global demand. The total is the largest annual export tally since the country started compiling such data in 1956.


The Korea Herald (

Trump, Xi agree to keep sanctions on NK until it denuclearizes

US President Donald Trump and Chinese President Xi Jinping agreed Tuesday to keep sanctions on North Korea until the regime "permanently" dismantles its nuclear weapons program, the White House said.Trump and Xi spoke by phone after the Chinese leader held two days of meetings with North Korean leader Kim Jong-un in the northeastern Chinese city of Dalian. "The two leaders discussed issues of mutual interest, including recent developments on the Korean Peninsula and President Xi's meeting today with North Korean leader Kim Jong-un," the White House said in a readout.

Seoul seeks neighbors' backing for Panmunjeom Declaration

President Moon Jae-in is set to hold trilateral and bilateral meetings with leaders of China and Japan on Wednesday, as Seoul pushes for a special declaration supporting the Panmunjeom Declaration.The meeting, which will be held in Tokyo with Chinese Premier Li Keqiang and Japanese Prime Minister Shinzo Abe, comes as Seoul scrambles to win the support of neighboring nations to lay the foundations for the upcoming US-North Korea summit. US President Donald Trump and North Korean leader Kim Jong-un are set to hold the first ever US-North Korea summit by early June. Washington has yet to disclose the time and location of the meeting, but high-level Seoul officials say that the announcement is expected this week.

‘Koreans are hard-working but shy’

A hardworking mentality has been without doubt the key mantra of South Korea in its rapid industrialization and economic advancements after the Korean War (1950-53). Now the 11th-largest and fourth-biggest economy in the world and Asia respectively, the country is leading in industries ranging from conventional manufacturing to new technologies related to chips, displays, networks and electronics. Foreign companies that have joined the expanding economy here agreed that hard work remains the top strength of the local work force in their daily operations. According to a survey of 3,410 foreign companies released in March by the Korea Trade-Investment Promotion Agency, 71 percent of the respondents said Korean workers’ strength is that they are hardworking and have a sense of responsibility.


The Korea Times (

Pompeo heads back to North Korea; Trump cites hope for detainees

U.S. Secretary of State Mike Pompeo was on his way to North Korea on Tuesday to prepare for an unprecedented summit with North Korean leader Kim Jong Un as President Donald Trump signaled the possibility that three Americans detained there could soon be released.Breaking the news of Pompeo's second visit to North Korea in less than six weeks, Trump said America's chief diplomat was expected to arrive "very shortly" and that the two countries had agreed on a date and location for the summit, though he stopped short of providing details.While Trump said it would be a "great thing" if the detainees were freed, Pompeo, speaking to reporters en route to Pyongyang, said he had not received such a commitment but hoped North Korea would "do the right thing." His visit, he said, was intended to finalize a summit agenda that could enable a "historic, big change" in relations between long-time foes.

Trump declares US leaving 'horrible' Iran nuclear accord

President Donald Trump withdrew the U.S. from the landmark nuclear accord with Iran on Tuesday, abruptly restoring harsh sanctions in the most consequential foreign policy action of his presidency. He declared he was making the world safer, but he also deepened his isolation on the world stage and revived doubts about American credibility.The 2015 agreement, which was negotiated by the Obama administration and included Germany, France and Britain, had lifted most U.S. and international economic sanctions against Iran. In exchange, Iran agreed to restrictions on its nuclear program, making it impossible to produce a bomb and establishing rigorous inspections.But Trump, a severe critic of the deal dating back to his presidential campaign, said in a televised address from the White House that it was ''defective at its core.''

Kim Jong-un, Xi Jinping met in China on May 7-8

North Korean leader Kim Jong-un and Chinese President Xi Jinping held their second meeting in China's northern port city of Dalian, North Korea's state news agency and Chinese media reported Tuesday.The meeting was confirmed only after Kim returned to Pyongyang, brewing media speculations since Monday. The meeting came about 40 days since the last one that took place in Beijing in late March ― a rare move considering Kim had not previously met any foreign heads of state since assuming power in late 2011.The rare meeting indicates Kim is seeking China's backing ahead of his summit with U.S. President Donald Trump in late May or early June."The two leaders' meaningful reunion took place at China's city of Dalian amid the situation where a notable new era in the history of friendship between North Korea and China is unfolding," the Korean Central News Agency (KCNA) reported.


Chosun Ilbo (

Kim Jong-un in 2nd Secret China Visit
A mysterious high-ranking official who visited the northern Chinese port of Dalian under massive security on Monday and Tuesday was North Korean leader Kim Jong-un. He was there for a second meeting with Chinese President Xi Jinping since a surprise visit to Beijing in March.He flew to Dalian in his own jet, the first time a North Korean leader has visited a foreign country by plane since regime founder Kim Il-sung in 1986.According to China's official CCTV, Kim and Xi exchanged views on the Korean Peninsula during a summit, lunch and dinner and a stroll.Xi expressed support for North Korea's willingness to denuclearize and efforts to solve issues on the peninsula through talks with the U.S. Kim also expressed the hope that Pyongyang and Washington will build mutual trust through dialogue and will take "responsible step-by-step and synchronous measures to find a comprehensive political solution and eventually achieve denuclearization and lasting peace on the peninsula."

Inter-Korean Hotline Won't Ring Anytime Soon
A hotline connecting the leaders of the two Koreas remains silent two weeks after it was opened.North and South Korea agreed to set up the hotline when National Security Council chief Chung Eui-yong visited Pyongyang in March. Last month, technicians from the two sides even tested the hotline, and the first call was supposed to be made before the inter-Korean summit on April 27. Cheong Wa Dae denied the radio silence was due to "discord" between the two Koreas but has to do with scheduling uncertainties. A Cheong Wa Dae official said Monday, "If the schedule for the U.S-North Korea summit is confirmed, it would be natural for a phone call to take place."

Chanel Hikes Korean Prices for 5th Time in a Year
French luxury brand Chanel will hike prices here for the fifth time in a year despite the steadily strengthening won.Industry insiders say Chanel will hike the prices of some products like handbags and shoes by about 11 percent in all stores and duty-free shops in Korea on May 15.Chanel already raised the prices of some products in duty-free shops by about four percent in May last year and by another 17 percent in September. In November, some handbag prices rose five-13 percent, while in January this year cosmetics came with higher price tags -- a 2.4 percent increase on average.


HanKyoReh Shinmun (

Process of dismantling North Korea’s nuclear program is expected to reach unprecedented level

The greatest point of contention about the dismantlement of North Korea’s nuclear program – which is the crux of the agenda of the upcoming North Korea-US summit – is the transparent inspection and verification of its nuclear weapons, facilities and materials. Leading up to the first ever summit between US President Donald Trump and North Korean leader Kim Jong-un, the work of verifying North Korea’s denuclearization is expected to require the most sweeping inspections in the history of dismantling nuclear programs around the world.“North Korea could make Iran look easy,” former US Energy Secretary Ernest Moniz, who negotiated the details of the Iran nuclear deal in 2015, was quoted as saying in a May 6 article by the New York Times. Moniz was referring to the nuclear inspections that occurred in Iran as part of that deal. His point is that since North Korea’s nuclear capabilities are broader and more advanced than Iran’s, inspection and verification will be that much more difficult.

North Korea and US locked in tug-of-war over summit agenda

The US and North Korea are having a late-stage game of tug-of-war over the agenda for their upcoming summit. Each side is fighting to add more items from its wish list to the basket on the negotiating table. Washington wants to broaden the scope and targets of North Korea’s denuclearization; Pyongyang hopes to prioritize the lifting of US sanctions and the normalization of the two sides’ relations. It’s another signal that the summit is close at hand.

Blue House reiterates denuclearization to be left out of summit among South Korea, China and Japan

The Blue House has reiterated that the expression “CVID” (short for “complete, verifiable and irreversible denuclearization”) will not appear in the special statement to be released following a summit among the leaders of South Korea, China and Japan that is scheduled to be held in Japan on May 9. This reflects the conclusion that the parties who must tackle the issue of denuclearization are North Korea and the US, which are expected to soon hold a summit of their own.

“What we hope to adopt during the trilateral summit is a special statement of the three leaders’ support for the Apr. 27 Panmunjeom Declaration. Aside from that, there will be no language or content related to CVID,” a senior official at the Blue House said during a phone call on May 7.


JoongAng Ilbo (

Kim Jong-un meets with Xi Jinping in eastern China

North Korean leader Kim Jong-un met with President Xi Jinping of China on a two-day visit to Dalian, China, returning to Pyongyang Tuesday, the Blue House confirmed later in the day.The presidential office’s confirmation of Kim’s visit to the Chinese easternmost port city came amidst a flurry of reports suggesting Kim made his second visit to China in less than two months and met with his Chinese counterpart to coordinate for the upcoming historic summit meeting between Kim and U.S. President Donald Trump.“The Chinese government informed us in advance of a meeting between President Xi and North Korean leader Kim. Beijing informed us that Kim went to Dalian yesterday [Monday] and returned to Pyongyang today [Tuesday],” Blue House spokesman Kim Eui-kyeom said in a brief statement issued shortly after 8 p.m. Tuesday.

Kim Jong-un may be meeting Xi in Dalian

North Korea leader Kim Jong-un was suspected to be on his second visit to China to meet with Chinese President Xi Jinping, a meeting with keen significance ahead of a planned historic summit between Kim and U.S. President Donald Trump. Pictures and posts about heightened security in the eastern Chinese city of Dalian, 360 kilometers (223.6 miles) west of Pyongyang, the North Korean capital, circulated on Chinese social media sites on Monday and Tuesday. Those security conditions were reminiscent of what the Chinese authorities put in place for Kim’s three-day visit to Beijing via train from March 25 to 28. Pictures of an Air Koryo plane sitting at a Dalian airport and a line of luxury sedans driving through the city led to speculation that it was Kim’s entourage, less than two months after his unannounced trip to the Chinese capital.

Paralysis continues at Assembly

Negotiations between the opposition Liberty Korea Party (LKP) and the ruling Democratic Party (DP) to end a standoff in the parliament foundered on Tuesday, failing to meet a deadline set by the National Assembly speaker to end weeks of paralysis.Speaker Chung Se-kyun had given both parties until 2 p.m. Tuesday to end the wrangling but neither side compromised as of press time, casting a shadow over the Moon Jae-in administration’s first anniversary this Thursday.
The key bone of contention is an independent probe of an online opinion manipulating scandal allegedly linked to a lawmaker from the DP, Rep. Kim Kyoung-soo. A power blogger who went by the nickname Druking was arrested in March on suspicions of using software to fiddle with comments on Naver, the country’s largest internet portal, by manipulating “like” counters on certain political comments. Kim is suspected of ordering Druking to use the scheme to help Moon during last year’s presidential election.


The KyungHyang Shinmun (

The Reality of Unregistered Immigrant Children: We Cannot Ignore Them Any Longer
On May 5, Children's Day, children probably spent a warm and leisure day with their parents. But the majority of unregistered immigrant children in South Korea, whose number is estimated to reach over 20,000, had to spend the day alone without any parental care. The situation was the same for Hyeon-wu (9, alias), who has never seen his father (His story was published on the first page of the May 4 edition of the Kyunghyang Shinmun). Hyeon-wu's father worked in South Korea as an unregistered immigrant worker with Mongolian nationality and was deported to his homeland five months after Hyeon-wu was born.

Assault on Kim Sung-tae: Liberty Korea Party Fuels Controversy
The Liberty Korea Party is trying to stir controversy over the surprise attack by a man in his thirties on the party's floor leader Kim Sung-tae. Kim resumed his hunger strike following his assault on May 5, and other lawmakers have joined him in a hunger strike relay. The party raised allegations about a “conspiracy” claiming that the incident was an act of "terrorism on democracy and the opposition party." However, some people claim that the party has gone too far with talks of a mastermind behind the attack, which appears to be the expression of personal frustration.

A Surprise Team Korea in Table Tennis: Peace Spreads on the Korean Peninsula
North and South Korean female table tennis players currently participating in the 2018 World Table Tennis Championships in Sweden have decided to form a single Team Korea. On May 3, the Korea Table Tennis Association announced that the South Korean women's team taking part in the championships agreed to form a single Team Korea ahead of the quarter-final team match with North Korea, and that Team Korea would head for the semi-finals without a match. This is the first time in 27 years that North and South Korea have formed a single team since the Table Tennis Championships in Chiba in 1991. At the time, Team Korea beat China to become the champions in the team event.


AJU Business Daily (

Police launch probe into radical feminists over leaked nude model pictures

Womad, an online community of radical feminists, topped Tuesday's daily trending keyword list on South Korea's biggest search portal Naver after police launched an investigation to identify people who leaked the pictures of a male nude model taken during a college nude sketch class.A set of photographs showing the model's face and genitalia were uploaded onto Womad's community site on May 1. They were allegedly taken at a nude sketch class at Hongik University's fine arts college in Seoul.Tons of comments mocking the model followed with many users sexually harassing him or making jokes.

Hyundai Heavy's holding company forges partnership with German robot producer

The holding company of South Korea's Hyundai shipbuilding group has forged a strategic partnership with KUKA of Germany to expand its industrial robot business.A memorandum of understanding between the two companies was signed in Germany on Monday, according to Hyundai Heavy Industries Holdings. KUKA is an Augsburg-based manufacturer of industrial robots and solutions for factory automation.Through the deal, the holding company hopes to sell about 6,000 industrial robots by 2021, including small KUKA robots.

Budget carrier Jeju Air posts record-high Q1 net profit

South Korea's top budget carrier, Jeju Air, posted a 117 percent increased in its first-quarter net profit thanks to increased demand in popular routes in Asia.Jeju Air said Tuesday that its net profit jumped to 36.9 billion won (34 million US dollars) from 17 billion last year. Sales climbed 28.5 percent on-year to 308.6 billion won and operating profit soared 70.6 percent to 46.4 billion won.The company attributed its stellar first-quarter performance to an aggressive investment in increasing the size of its fleet and air routes to popular travel destinations in Japan and Southeast Asian countries.


Maeil Business News Korea (

Hyundai Heavy Industries joins hands with German robotics maker KUKA

Hyundai Heavy Industries Holdings said on Monday it has signed a memorandum of understanding with German robotics maker KUKA AG for exclusive rights to sell KUKA products in the Korean market. Under the agreement, Hyundai Heavy Industries Holdings will sell 6,000 KUKA industrial robots by 2021 to large electronics companies by using its sales network and maintenance technology. KUKA is the world’s third largest robot maker and it has increased R&D spending since being acquired by China’s Midea Group in 2016. “We also plan to jointly research and develop industrial robots and to produce KUKA’s robot products in Korea. And we will also independently produce various industrial robots to transform Korean home appliance and automotive factories into smart lines,” said a spokesperson of Hyundai Heavy Industries Holdings.

FSS to sue 21 Samsung Securities employees over ‘fat finger’ dividend error

South Korea’s financial watchdog will report 21 employees of Samsung Securities Co. to the prosecutors on charges of breach of duty and embezzlement over a massive financial accident last month that involved the brokerage mistakenly paying employees with stock dividends instead of cash dividends. The Financial Supervisory Service on Tuesday announced the findings of its probe into Samsung Securities’ “fat finger” trading chaos that led to its stocks plunge 12 percent during the day upon reports that employees rushed to sell off the company’s shares that had been misplaced.

Korean financial firms’ global outreach restricted to Asia

South Korean financial firms’ global outreach fails to go beyond Asia with nearly seven out of 10 of their overseas outposts clustered in neighboring countries, data showed. According to the Korea Institute of Finance (KIF) on Monday, 66.6 percent of the overseas units of Korean financial companies were based in Asia. North America followed with 16.9 percent and Europe with 10.4 percent. They were trailed by the Middle East at 3.2 percent, Oceania 2.1 percent and Africa 0.7 percent. The study showed that the number of overseas operations in the financial sector grew by 24 to 431 in 2017 from a year ago. A majority of them were banks with 185 branches, followed by investment firms with 115, insurance companies with 85 and credit loan companies with 44.


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