The Korean daily media headlines and humor
Thursday, May 10, 2018
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
The Korea Post media
President Cho Dong-sung of Incheon National University invites Ambassadors,
Spouses to visit and see unique policy, facilities interesting to international students
President Cho Dong-sung of Incheon National University
President Cho Dong-sung of Incheon National University (INU) invites ambassadors and their spouses to visit his University on the upcoming May 14th this year, and inspect the unique facilities and other interesting features which contributed to the rapid growth of the university.
INU rapidly grew from a private college established in 1979 into a municipal university in 1994, and later into a National University in 2013. After being first founded as a private college known as the Incheon Technical College in January 1979, later, it was renamed Incheon College in December 1979 before getting promoted to a comprehensive university in 1988. Now, INU stands in the new and young international city of Songdo in Incheon Free Economic Zone (IFEZ). A year later, in 2010, INU merged with Incheon City College to expand capacity and open more curricula. The university now operates two campuses at Songdo, main campus, and also at Dohwa-dong, satellite campus. From January 2013, the university was rechartered as one of Flagship Korean National Universities in South Korea, representing Gyeonggi Province and Incheon city. The central and municipal government plan to fund the university more than US 70 million dollars per year to continue to expand education and research. It continues its development and implements innovations with a goal to enter World’s Top 100 Universities within 4 years.(For further details, visit:
Round-up of important news stories from major Korean dailies today:
Kim says Trump meeting will be positive for Koreas
North Korean leader Kim Jong-un has said that his upcoming meeting with U.S. President Donald Trump will be a positive development in light of recent tensions on the Korean Peninsula.Kim made the remark to visiting U.S. Secretary of State Mike Pompeo on Wednesday, the North's state media reported. Pompeo was in Pyongyang, a second visit to the reclusive country in more than a month."He said that the coming DPRK-U.S. summit would be a historic meeting for the excellent first step toward promotion of the positive situation development in the Korean peninsula and building of a good future," the Korean Central News Agency said in an English dispatch. The Democratic People's Republic of Korea is North Korea's official name.It was the first time Kim is known to have acknowledged the planned meeting with Trump.
Telecom watchdog releases app that locks phones if user walks around
South Korea's telecom watchdog said Wednesday it released a new service that locks smartphones when the device detects the user walking more than five steps in a bid to prevent accidents and keep pedestrians focused on their surroundings.The Korea Communications Commission said it will update the Cyber Security Zone application, designed to prevent teenagers from being excessively dependent on smartphones, to have the program automatically lock the mobile devices when it senses users walking about.The commission said the service aims to prevent accidents caused by what it calls "smombies," a term which combines zombies and smartphones to describe distracted pedestrians.South Korea's Ministry of the Interior and Safety said smartphone-related traffic accidents doubled over the past five years, with those aged below 20 accounting for 40 percent of all cases.
Moon, Li voice need for adequate reward for N. Korea following denuclearization
South Korean President Moon Jae-in and Chinese Premier Li Keqiang agreed Wednesday to continue working together to peacefully denuclearize North Korea, while stressing the need for the international community to offer the impoverished North adequate rewards in return."The two leaders agreed that the international community, including the United States, must actively take part in ensuring a bright future for North Korea through a security guarantee and support for its economic development in case North Korea does completely denuclearize, instead of demanding North Korea unconditionally denuclearize," Moon's chief press secretary Yoon Young-chan told reporters.Moon and Li met on the sidelines of the three-way summit in Tokyo that also involved Japanese Prime Minister Shinzo Abe.
Moon, Trump Speak by Phone after N. Korea's Release of Detainees
President Moon Jae-in and U.S. President Donald Trump on Wednesday held a phone conversation after North Korea released three American detainees. The presidential office said that Moon and Trump held talks on the phone for 25 minutes from 11:20 p.m. During the phone conversation, Trump said that the release will have a positive effect on his planned meeting with North Korean leader Kim Jong-un and expressed gratitude for Moon's support and help with the release. Trump also said that Secretary of State Mike Pompeo had a very productive discussion with Kim during his recent trip to Pyongyang.
KBS Survey: Moon's Approval Rating for First Year 83%
President Moon Jae-in's approval rating posted 83 percent in an opinion poll conducted ahead of the first anniversary of his inauguration. In the KBS poll conducted on about one-thousand adults nationwide Tuesday and Wednesday, 83 percent of the respondents gave positive assessments on the first year of Moon's state management, while 14 percent expressed discontent.Moon's approval rating was highest in Jeju, Gangwon and Jeolla provinces at 90 percent, and lowest in Daegu and North Gyeongsang Province at under 70 percent. Inter-Korean relations and diplomacy were cited as the biggest reasons for the positive assessment, followed by reforms of corrupt practices and welfare policies. However, 55 percent of the poll respondents said that Moon's job policy was not effective, with the negative assessment highest among people aged over 60.
Trump: Pompeo Returning from N. Korea with Freed Detainees
U.S. President Donald Trump announced Wednesday that three American detainees have been released from North Korea and are returning home with Secretary of State Mike Pompeo.Trump tweeted "I am pleased to inform you that Secretary of State Mike Pompeo is in the air and on his way back from North Korea with the three wonderful gentlemen that everyone is looking so forward to meeting," adding that they seem to be in good health.Trump also said that Pompeo and the detainees will be arriving at Andrews Air Force Base at 2 a.m. Thursday U.S. time, adding he will be there to greet them.The three men -- Kim Hak-song, Tony Kim and Kim Dong-chul -- were detained in North Korea on charges of espionage or "hostile acts" against the regime.
Trump: Pompeo returning from N.K. with 3 American detainees
U.S. President Donald Trump announced Wednesday that three American detainees have been released from North Korea and that the date and venue of his summit with North Korean leader Kim Jong-un have been set."I am pleased to inform you that Secretary of State Mike Pompeo is in the air and on his way back from North Korea with the 3 wonderful gentlemen that everyone is looking so forward to meeting. They seem to be in good health," Trump tweeted."Also, good meeting with Kim Jong Un. Date & Place set," Trump said.
Minister says smaller firms should play key role in inter-Korean projects
South Korea's minister for small and medium-sized enterprises (SMEs) has said smaller companies should play a leading role in economic cooperation between the two Koreas amid growing hopes for cross-border projects after their two leaders' historic summit last month.Hong Jong-haak said he has been asking the government to give 80 percent of the business projects to smaller firms so that they can earn corresponding profits.The progressive economist and former lawmaker was appointed to head the newly created Ministry of SMEs and Startups in November last year as part of South Korea's efforts to level the playing field for smaller companies in a country that has been dominated by conglomerates for decades."Contracts for major projects, such as those dealing with electricity or railways, will be clinched by conglomerates, but it will be the smaller firms who will actually go and work," Hong said in an interview with Yonhap News Agency at his Seoul office on Wednesday.
Corporate watchdog chief hopes for conglomerates' voluntary change
South Korea's corporate watchdog chief said Thursday that conglomerates should continue efforts to voluntarily reform their cobweb-like family-run governance structures to meet market expectations and promote fair competition.In a meeting with heads of the country's top 10 conglomerates, including Samsung and Hyundai, Fair Trade Commission Chairman Kim Sang-jo also stressed that the corporate watchdog would keep monitoring large business groups who abuse their market dominance and carry out unfair business practices."Conglomerates have been implementing plans to improve ownership structure, and that is very positive in that their moves meet market expectations as well as demand from our society," Kim said during the meeting, the third of its kind since his inauguration in May 2017.
"I hope their efforts continue to move forward," Kim said.
The Korea Herald (http://www.koreaherald.com)
Trump preps Singapore meeting with N. Korean leader: news report
US officials are making preparations for a meeting in Singapore between President Donald Trump and North Korean leader Kim Jong-un, a news report said Thursday.Trump instructed his aide to get ready for his summit talks with Kim in the Southeast Asian city-state, according to CNN, which cited "two people familiar with the plans."The White House earlier said the date and site for the unprecedented meeting between the leaders of the two sides had been set. Kim and Trump originally agreed to meet each other in May, but the meeting may actually take place in June.A related announcement is expected in a few days.
Naver vows to relinquish news editing, search words after opinion-rigging scandal
Naver, the operator of South Korea’s largest portal website and search engine, announced on Wednesday a set of measures to prevent a repeat of the latest opinion-rigging scandal, including relinquishing its authority to edit news headlines and removal of a news list on the mobile front page. Naver CEO Han Seong-sook said, “Naver will no longer engage in editing news from the third quarter,” at a press conference held in southern Seoul. Such a decision has been made in the wake of a developing political controversy that was sparked by a revelation that a power blogger named “Druking” and former members of the ruling party had used a computer program that uses borrowed IDs to artificially ramp up the number of clicks on “agree” on comments on particular articles to sway public opinion.
Trump to greet Americans freed by North Korea
US President Donald Trump will greet three Americans released by North Korea at an airbase near Washington Thursday, underscoring a much needed diplomatic win and a stepping stone to a historic summit with Kim Jong-un. Trump will make the short helicopter ride from the White House to Joint Base Andrews to meet Kim Hak-song, Tony Kim and Kim Dong-chul in person, after their release on from North Korea on Wednesday.The North Korean regime granted the three men "amnesty," a US official said, removing a major point of friction between Washington and Pyongyang and a potential obstacle to talks between the Cold War foes.
The Korea Times (http://www.koreatimes.co.kr)
Trump rules out DMZ as location for summit with Kim Jong-un
U.S. President Donald Trump said on Wednesday he will announce the site for a summit with North Korean leader Kim Jong Un within three days and it will not be held at the demilitarized zone along the border between the two Koreas.
"It will not be there," he told reporters at the start of a Cabinet meeting at the White House when asked if the planned meeting would be at the DMZ. "We're going to announce it within three days." Trump, who scrapped a visit to the truce village of Panmunjom in the demilitarized zone due to bad weather during a visit last year, suggested in April that the DMZ would be an excellent venue for his summit with Kim.Kim met South Korean President Moon Jae-in at the end of April at a building in Panmunjom known as the Peace House. Trump suggested that having the summit at Peace House would carry a symbolic value that having it in a third country would not. But the U.S. president also has said the two sides were considering other places as a possible site for the summit, including Singapore.
Freed detainees head home for big welcome, featuring Trump
Freed after more than a year in prison, three Americans flew homeward from North Korea late Tuesday toward a big middle-of-the-night celebration featuring President Donald Trump ― the latest sign of improving relations between longtime adversaries in the buildup to a historic summit between Trump and North Korea's Kim Jong-un.Trump promised ''quite a scene'' at Joint Base Andrews outside Washington for the detainees, who were released as Secretary of State Mike Pompeo visited North Korea on Wednesday to finalize plans for the summit. Singapore was the likely site, late this month or in early June, for Trump's most ambitious foreign policy effort yet.Shortly after they touched down on American soil in Alaska ― for a refueling stop Wednesday afternoon ― the State Department released a statement from the freed men.
South Korea preparing to join table tennis contest in Pyongyang
South Korea is preparing to participate in a table tennis event in North Korea next month, the sport's national governing body in Seoul said Thursday.The Korea Table Tennis Association (KTTA) said it will soon submit entries to take part in the Pyongyang Open tournament in the North Korean capital for the first time from June 13 to 17."After talking with the unification ministry this week, we will submit entries for the Pyongyang Open," said Park Chang-ik, a KTTA executive. "Through the International Table Tennis Federation (ITTF), we've asked North Korea to send an invitation letter to us."The deadline for the submission of entries for the Pyongyang Open is Monday. The KTTA plans to send 10 players who are also set to compete at this year's Asian Games in Indonesia."Any ITTF member can submit its entries freely, but considering the relationship between South Korea and North Korea, we want to discuss it with the government before we send the list," Park said.
Chosun Ilbo (http://english.chosun.com)
Latest China Summit 'Came at Kim Jong-un's Urging'
The latest North Korea-China summit on Monday and Tuesday in Dalian was proposed by North Korean leader Kim Jong-un, the Chinese Foreign Ministry said Wednesday.Chinese Foreign Ministry spokesman Geng Shuang made the revelation during a media briefing in Beijing. Kim addressed Chinese President Xi Jinping as "respected and beloved Comrade Xi" in a thank-you letter he sent on his way home from Dalian on Tuesday, according to the North's official KCNA news agency.
Park Taken to Hospital Again with Back Pain
Ex-President Park Geun-hye was taken to a hospital again for treatment of her chronic lower-back pain on Wednesday. Park was taken in a van to St. Mary's Hospital in Seoul around 11 a.m. and returned to her single cell around 2 p.m.
She has made several visits to hospital since she was arrested on charges of abuse of power and corruption in March last year. Her first hospital trip came last July, when she stubbed her toe. She was then treated for a lumbar herniated disc in August and November. In November she also had a thorough checkup, including an MRI scan. This time she had her lower back x-rayed. The remand prison where she is being held declined to give details, saying only that Park was taken to hospital at the suggestion of doctors.
Six out of 10 People Own Their Homes
Some six out of 10 Koreans are now owner-occupiers of their homes as more households bought homes last year and home ownership has been rising for the last two years even though they had to get loans.According to a survey released by the Ministry of Land, Infrastructure and Transport on Tuesday, the proportion of home ownership stood at 57.7 percent last year, up 0.9 percentage points from the previous record in 2016.Home ownership among low-income households rose from 46.2 percent to 47.5 percent, and among mid-level income earners from 59.4 percent to 60.2 percent. Kang Mi-na at the Korea Research Institute for Human Settlements said, "Housing supply increased, while more housing loans became available at a time when lease and rent prices soared, resulting in more people opting to buy their own homes."
HanKyoReh Shinmun (http://english.hani.co.kr)
Kim Jong-un and Xi Jinping walk and converse along a beach in a manner reminiscent of the inter-Korean summit at Panmunjeom
During the second unannounced meeting been North Korean leader Kim Jong-un and Chinese President Xi Jinping, which took place a little over 40 days after their first meeting at the end of March, the two leaders underlined the rapid restoration of their friendly ties.On May 7, the first day of Kim’s visit to Dalian, in China’s Liaoning Province, the two leaders held a summit and a banquet during which they reconfirmed “the ties of blood that bind our two countries.” On the second day, they continued their conversation in a second meeting. On the morning of May 8, Kim and Xi went for a walk on the beach at Bangchuidao Island, the location of their resort where they were staying, and “opened their hearts in a warm conversation,” the Korean Central News Agency (KCNA) reported.
Kim Jong-un takes surprise visit to China prior to North Korea-US summit
North Korean leader Kim Jong-un’s surprise visit to the city of Dalian in China’s Liaoning Province and his meeting with Chinese President Xi Jinping on May 7 and 8 raise the question of how this unexpected trip to China will affect the North Korea-US summit. The fact that Kim and Xi held their second meeting in just 40 days shortly before the first ever North Korea-US summit must have had profound motivations, and it is sure to have great significance.Kim’s visit to China broke with tradition, just as his previous visit at the end of March. At the time, Kim had secured a promise from Xi to pay a return visit to Pyongyang, but Kim headed back to China before Xi’s return visit could take place. Though Kim’s father Kim Jong-il had frequently visited China, the shortest interval between his visits was three months.
Zainichi Korean professor allowed into South Korea for first time in 12 years
On Apr. 27, the same day that North Korean leader Kim Jong-un crossed the Military Demarcation Line at Panmunjeom, Meiji Gakuin University professor Chong Young-hwan arrived in South Korea via Incheon International Airport.
“Chairman Kim Jong-un talked about ‘our lost 11 years,’ and it was deeply moving for me as someone who lost that much time to have been in Seoul for ‘April 27,’” the 38-year-old Chong, a Zainichi Korean with “Chosen-seki” (Korean domicile) nationality, told the Hankyoreh on May 4.Chong’s visit to South Korea was his first in 12 years since 2006. In 2009, the Lee Myung-bak administration refused to allow him to set foot on South Korean soil. The succeeding Park Geun-hye administration did the same. In June 2016, Chong was blocked from entering South Korea for a talk for the publication of his book “Who Is Reconciliation For?” The book included criticisms of Sejong University professor Park Yu-ha’s “Comfort Women of the Empire,” which stirred up controversy with its denial of the Japanese government’s legal responsibility to comfort women victims.
JoongAng Ilbo (http://koreajoongangdaily.joins.com/)
Pompeo flies to Pyongyang for the second time
U.S. Secretary of State Mike Pompeo flew into Pyongyang on Wednesday to finalize details of President Donald Trump’s summit with North Korean leader Kim Jong-un and successfully secured the release of three Americans detained by the regime.Pompeo flew in from Japan and upon arrival headed to the Koryo Hotel in Pyongyang for meetings with North Korean officials to discuss the agenda for the planned North Korea-U.S. summit. Kim Yong-chol, director of the North’s United Front Department, which is responsible for inter-Korean relations, and Ri Su-yong, a vice chairman of the Central Committee and director of the committee’s International Department, which handles foreign affairs, greeted Pompeo on his arrival early Wednesday. “For decades, we have been adversaries,” Pompeo was quoted as telling Kim according to pool reports. “Now, we are hopeful that we can work together to resolve this conflict, take away threats to the world and make your country have all the opportunities your people so richly deserve.”
Naver promises a better handling of the news
Naver will stop curating articles in its news section, handing over that responsibility to real news outlets starting in the third quarter.The portal will also remove the news section and lists of most searched keywords from the main page of the Naver app and mobile site.The company has gradually become a dominant news distribution platform, defined widely as a “quasi-media” corporation, and that has gotten it into trouble. A mushrooming political scandal has shown how Naver allowed users to abuse the comments sections on its news stories and manipulate public opinion for partisan purposes. Following the overhaul, real media outlets will curate their own stories appearing in a new news section called “News Pan.” Data on readers and advertising revenue will be relayed to each news organization.
Watchdog lacked key evidence in BioLogics ruling
The country’s financial watchdog lacked key evidence to conclude that Samsung BioLogics deliberately overstated its profit and valuation prior to listing in 2015, according to an analysis of documents obtained by the JoongAng Ilbo.In its preliminary ruling on May 1, the Financial Supervisory Service concluded that the pharmaceutical company breached accounting rules and passed its findings to the Financial Services Commission, which will make a final decision on the case.But the documents from the Financial Supervisory Service, which the JoongAng Ilbo obtained, fail to present conclusive evidence of accounting fraud. When asked about the discrepancy, a source at the Financial Supervisory Service said it would provide conclusive evidence to the Securities and Futures Commission.
The KyungHyang Shinmun (http://english.khan.co.kr/)
Father and Son Face a Lonely Death: Son’s Birth Was Never Even Registered
A man in his twenties and a two-year-old boy believed to be his son were found dead in a one-room apartment in Gumi, Gyeongsangbuk-do. According to the Gumi Police Station on May 8, a real estate agent (24) found Seo (28, unemployed) and a baby believed to be sixteen months old in a one-room apartment in Bonggok-dong, Gumi-si at around 2:45 p.m. on May 3 and reported the discovery to the police.The real estate agent had visited the apartment after the landlord asked him to “look into the matter,” since she couldn’t get in contact with the tenant. He told the police, "The door was locked from inside, and I rang the doorbell several times, but there was no answer. So I used a ladder to enter through a window. I found the man and the baby lying side by side in the room." Seo was two months behind on his rent.
Kim Jong-un Meets Xi Jinping Again after 40 Days ― As if to Send a Message to Trump
Chinese and North Korean media outlets simultaneously announced on May 8 that Kim Jong-un, chairman of North Korea's State Affairs Commission, made a surprise visit to Dalian, Liaoning Province, China for two days on May 7-8 and met with President Xi Jinping. Chairman Kim met President Xi for a second time just forty days after they first met on March 26-27 and discussed the imminent North Korea-United States summit and the political situation on the Korean Peninsula. North Korea's Korean Central News Agency reported this day that Chairman Kim departed from Pyongyang on a private jet on May 7 and stayed in Dalian until May 8 and met with President Xi a second time.
A Special Response Team to Block the "Smuggling Route" of Korean Air
A special response team will be set up to improve the current customs system in connection to the alleged smuggling by the family of Cho Yang-ho, chairman of Hanjin group. The team is expected to seek measures to monitor the routes of the staff stationed at the airport, who were involved in avoiding customs in the past, and to discuss the problem of irregular relations between customs and airline staff. According to the words of government officials on May 7, the Korea Customs Service is reviewing the launch of a special response team within the Customs Administration Innovation Task Force (TF) in order to solve the problem of smuggling within the airport, disclosed in the latest Korean Air incident.
AJU Business Daily (http://eng.ajunews.com/korea)
Leaders of S. Korea, Japan and China vow to push for denuclearization
The leaders of South Korea, Japan and China agreed to work on establishing permanent peace on the Korean peninsula through denuclearization in a three-way summit on Wednesday that followed a historic inter-Korean summit.After their talks in Tokyo, South Korean President Moon Jae-in, Japanese Prime Minister Shinzo Abe and Chinese Premier Li Keqiang issued a joint statement which expressed support for the outcome of Moon's April 27 summit with North Korean leader Kim Jong-un.
Samsung SDS invests in U.S. tech firm to step up cloud computing
In an effort to strengthen its cloud computing business, Samsung SDS, a leading information technology service provider in South Korea, has acquired a stake in Bitfusion, a U.S. provider of graphics processing unit (GPU) virtualization solutions.The subsidiary of South Korea's Samsung group said Thursday that it invested an unspecified amount of money in Bitfusion. It refused to disclose details. Samsung SDS has expanded its business area by investing in IT technologies such as blockchain, artificial intelligence and internet of things (IoT).Samsung SDS said it would use Bitfusion's technology to improve its competitiveness in the cloud computing market. Bitfusion offers software techniques to use in conjunction with hardware to maximize the performance of applications with its software accelerating existing clouds and data centers.
S. Korea and China discuss rail line running beyond two Koreas
South Korea and China are ready to join hands in building a railway line running across the Korean peninsula to link with a Eurasia railway project in return for North Korea's complete denuclearization, the South's presidential office said Wednesday.The inter-Korean summit last month paved the way for the resurrection of stalled economic projects. As a first step, South Korean President Moon Jae-in and North Korean leaders Kim Jong-un agreed to connect and modernize cross-border railways and roads.
Maeil Business News Korea ( http://www.pulsenews.co.kr/)
Hyundai Oilbank and Lotte Chemical to jointly build HPC with $2.5bn capex
South Korea’s major refiner Hyundai Oilbank Co. and petrochemical firm Lotte Chemical Corp. have joined hands to build a heavy feed petrochemical complex (HPC) at a combined investment of 2.7 trillion won ($2.5 billion). Hyundai Oilbank CEO Moon Jong-bak and Lotte Chemical CEO Kim Gyo-hyun signed an agreement on Wednesday in Seoul to invest additionally in their joint-venture Hyundai Chemical, to construct an HPC on a 500,000-square-meter site at Hyundai Oilbank’s manufacturing plant in Daesan, South Chungcheong Province.
Celltrion’s Q1 OP up 30.3% on robust Remsima sales in Europe, U.S.
South Korea’s leading biosimilar company Celltrion Inc. on Wednesday reported a 30.3 percent on-year gain in its first-quarter operating income thanks to brisk sales of its flagship biosimilar drugs Remsima and Truxima in overseas markets. The company said in a regulatory filing that it raised 116.5 billion won ($107.5 million) in operating income in the January-March period on a consolidated basis, up 30.3 percent from a year ago. Sales also jumped 24.6 percent to 245 billion won during the same period. Shares of Celltrion soared 9.75 percent to finish at 259,000 won on Wednesday.
Lotte E&C to build $53 mn Sathapana Bank headquarters building in Cambodia
South Korea’s Lotte Engineering & Construction Co. (Lotte E&C) said on Wednesday it was assigned by Japan’s Maruhan Group to erect a new headquarters building for Sathapana Bank in Cambodia at 57 billion won ($52.7 million). Under the contract, Lotte E&C will build a 19-story building with four basements that commands a floor area of 33,135 square meters in Phnom Penh, Cambodia. It will break ground this month to complete the construction by July 2020.
Sathapana Bank is the second largest bank in Cambodia under Maruhan Group headed by Korean-Japanese CEO Han Chang-woo. Lotte E&C hopes its name awareness will increase in Southeast Asia through the high-rise construction, a company official said.
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