UPDATE : 2018.11.18 SUN 14:50
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The Korean daily media headlines and humor

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.


Incheon National University


A lion guardian at near the entrance building of the INU President Cho Dong-sung of INU with campus buildings in the backdrop

There is only one week left to the VVIP Diplomat Tour of Incheon National University on May 28, 2018

Please advise us at edt@koreapost.com or call Ms. Sua Kim at 010-7584-5873, if our VVIP Invitation has not reached our distinguished guest.

I am pleased to inform that President Cho Dong-sung of Incheon National University (INU) cordially invites the Ambassador and Madam, and also the senior education officers at the Embassies (on behalf of the Ambassadorsa unable to attend) to a tour of his University on Monday May 28, 2018.
The Tour is organized by The Korea Post media, and will be fully covered by all its five media outlets mentioned the Lett of the Publisher above.

The time/schedule of the Tour is as follows:
0900 hours, Monday 28 May 2018: Meet at the Grand Hyatt Seoul (near the water fountain), and depart for INU by Limousine buses.
1020-1200 hours: Have a tour of the important facilities of the University.
1200-1400 hours: Attend a formal Luncheon with President and Madam Cho Dong-sung of INU prepared by a Super Deluxe Hotel in Incheon
1400-1700 hours: Attend a tour of the Bio-industrial Complex and Korea’s leading bio-related business companies.
1700-1810 hours: Move back by Deluxe Limousine Buses to Seoul.
(A slight change could occur to the schedule depending on situation of the day.)

Very Respectfully Yours

/s/

Lee Kyung-sik
Publisher-Chairman
The Korea Post media
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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.

Spotlight on Danish Cusine at Cafe 395
Millennium Seoul Hilton’s Café 395 will offer a special promotion of Danish cuisine from May 25th to the 31st. During this time, Café 395’s already bountiful international buffet will include a special section featuring Danish foods. Some select items will also be available for purchase as takeaway items (including house smoked salmon, eel, halibut, mackerel and herring).
The buffet will include traditional Scandinavian breads such as rye, knækbrød, hard and soft rolls, accompanied by rich butter or pork fat. A wide selection of herring (marinated, spicy, tomato, dill, curry, fried), salmon (smoked, grav lax, beetroot salmon, lemon salmon), and smoked fish (mackerel, eel, Greenland halibut, herring) will be offered, along with the proper accompaniments for the quintessential Danish gourmet experience.

Foreign minister requests Thai support for denuclearization and peace on peninsula
South Korean Foreign Minister Kang Kyung-wha on Thursday called for Thailand's support for Seoul's efforts to denuclearize North Korea and establish a lasting peace on the Korean Peninsula, her office said.
Kang held talks with her Thai counterpart Don Pramudwinai in Seoul and discussed an array of issues, including deepening cooperation between Seoul and the 10-member Association of Southeast Asian Nations (ASEAN).

Jobless rate falls to 4.1 pct in April, job creation remains sluggish
South Korea's jobless rate fell slightly in April due to a rise in employment in the health care, financial service and public service sectors, but job creation still remained weak, government data showed Wednesday.The unemployment rate stood at 4.1 percent last month, down 0.1 percentage point from a year earlier, according to the report compiled by Statistics Korea.The number of employed people reached 26.86 million in April, up 123,000 from a year earlier, according to the data.The unemployment rate for young adults -- those aged between 15 and 29 -- was 10.7 percent, down 0.5 percentage point from a year earlier.The employment rate stood at 66.6 percent in April, unchanged from a year earlier, with the corresponding figure for young people at 42 percent, down 0.1 percentage point over the cited period.
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KBS (http://world.kbs.co.kr/english/news/)

Trump Promises N. Korea Security Guarantees in Return for Denuclearization
U.S. President Donald Trump has promised to provide strong security guarantees to North Korea if Pyongyang abandons its nuclear ambitions. Trump's incentive follows the North’s threat to pull out of the planned Washington-Pyongyang summit. Our Bae Joo-yon has more. Report: U.S. President Donald Trump said he is not pursuing the so-called Libya model for dismantling North Korea's nuclear weapons and would offer strong security guarantees in return for denuclearization. Trump made the remarks on Thursday during a meeting with NATO Secretary-General Jens Stoltenberg at the White House.

'N. Korea Won't Talk with Seoul Unless Issues are Resolved'
North Korea has warned that it would be difficult to continue talks with South Korea unless issues that led to the cancellation of high-level inter-Korean talks were resolved. Ri Son-gwon, chairman of the Committee for the Peaceful Reunification of the Country, issued the warning on Thursday during an interview with the North's official Korean Central News Agency. The senior North Korean official handling inter-Korean affairs said that the direction of future inter-Korean relations will depend on the South's actions.

Trump Says No Libya Model for N. Korea
U.S. President Donald Trump says he is not pursuing the so-called Libya model for dismantling North Korea's nuclear weapons and would offer strong security guarantees in return for denuclearization. Trump made the remarks on Thursday during a meeting with NATO Secretary-General Jens Stoltenberg at the White House. When asked about his security adviser John Bolton’s calls for the Libya model of denuclearization first, compensation second, Trump said that it’s not a model that the U.S. has at all. He also said that if the North reaches an agreement on its denuclearization during the planned talks, the U.S. will guarantee North Korean leader Kim Jong-un will stay in power.
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Yonhap (http://english.yonhapnews.co.kr)

U.S. affirms no plan to change USFK size, role
The United States has reaffirmed that it has no plan to change the size of the 28,500-strong U.S. Forces Korea (USFK), a Seoul official said Friday, amid the growing talk of a potential drawdown in line with ongoing peace efforts.
The reaffirmation came at the allies' third round of negotiations on sharing the cost for the upkeep of American forces that have served in the South as a major deterrent against North Korean aggression.
"While reaffirming its firm security commitment on the Korean Peninsula, the U.S. side confirmed that it has no plan to alter the size and character of the USFK," the official told reporters on condition of anonymity.

N.K. holds party's military commission meeting to decide on 'organizational' matters
North Korea said Friday the ruling party's powerful military commission has held a meeting to determine personnel reshuffle and organizational matters to beef up national defense both militarily and politically.
North Korean leader Kim Jong-un presided over the first enlarged meeting of the seventh central military commission of the Workers' Party of Korea (WPK), according to the Korean Central News Agency.
"The meeting decided on a series of organizational measures to further strengthen the revolutionary army of the party militarily and politically and improve the overall work for defending the country," the KCNA said.

Nat'l football coaching staff to have final domestic league inspection before assembling World Cup squad
The coaching staff of the South Korean men's national football team will have its final inspection of domestic league players this weekend before they assemble the squad for the 2018 FIFA World Cup, officials said Friday.
An official at the Korea Football Association (KFA) said head coach Shin Tae-yong and his entire backroom staff will attend the K League 1 match between FC Seoul and Jeonbuk Hyundai Motors at Seoul World Cup Stadium in Seoul on Sunday.
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The Korea Herald (http://www.koreaherald.com)

NK upbeat about economic changes after Kim-Trump summit: NGO
North Koreans are upbeat about the economic changes the summit between their leader Kim Jong-un and US President Donald Trump might bring, according to a member of a nonprofit group who was in Pyongyang just last week.
Singapore-based Choson Exchange, which has trained some 20,000 North Koreans in business since 2007, held its latest workshop in Pyongyang last week, focusing on entrepreneurship and startup skills. A record number of North Koreans -- almost 130 -- signed up for the workshop.

Hyundai Reform] Breaking down logic behind Hyundai’s reform plan
What with boisterous opposition from activist hedge fund Elliott, Hyundai Motor Group’s corporate restructuring scheme is dominating the attention of investors and business insiders.
The accusation from Elliott and several other critics of Korea’s second-largest conglomerate is that Hyundai has devised a plan solely in the interest of the owner family, while the group argues that it is aimed to elevate the value of the company, and therefore the interests of the shareholders.
So far, four proxy advisers, including Elliott, have expressed negativity toward Hyundai’s plan, citing how the overhaul program would put Mobis shareholders at disadvantage.

LG Group speeds up leadership succession to Koo Kwang-mo
LG Group, the fourth-largest conglomerate in South Korea, is speeding up its leadership inheritance process from the third generation of the owner family to the fourth generation, largely due to the incumbent chairman’s illness, the group said Thursday. Koo Kwang-mo, the only son of Chairman Koo Bon-moo was nominated as a board member at an emergency meeting of the directors early in the day after it was reported that the chairman had been hospitalized in critical condition. “The board held a meeting today to discuss the nomination of Koo Gwang-mo, vice president of LG Electronics, as an internal board member,” the group said in a statement.
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The Korea Times (http://www.koreatimes.co.kr)

Trump: Kim Jong-un can stay in power after abandoning nukes
U.S. President Donald Trump tried to put his summit with Kim Jong Un back on track Thursday, offering the North Korean leader guarantees of staying in power if he abandons nuclear weapons. As prospects for a historic summit next month between the two leaders dimmed, Trump told reporters that if the meeting were to go ahead successfully, Kim "will get protections that will be very strong." "He'd be in his country and running his country. His country would be very rich." But the pledge came barbed with a warning that if diplomacy fails, Kim could suffer the same fate as Libya's Moamer Kadhafi, who was overthrown and killed by rebels.

Seoul exploring ways to resume talks with North Korea
South Korea continues to search for ways to resume dialogue with North Korea ahead of the U.S.-North Korea summit, an official from Seoul's presidential office Cheong Wa Dae said Friday, apparently suggesting the North's recent suspension of inter-Korean dialogue may not be meant to be anything permanent.
On Wednesday, the North said it was indefinitely suspending high-level inter-Korean talks that were set to be held the same day, citing the recently launched Max Thunder joint military exercise of South Korean and the United States.

If North Korea wants to meet, 'we'll be there': White House
The United States said Thursday it was ready to proceed with next month's summit between President Donald Trump and North Korean leader Kim Jong Un, putting the ball back in Pyongyang's court after it threatened to scrap the meeting. "If the North Koreans want to meet, we'll be there," White House press secretary Sarah Sanders told journalists, adding that the White House schedule had not changed. "The president is prepared and will be ready to meet, and we're continuing to move forward with the preparations at this point."
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Chosun Ilbo (http://english.chosun.com)

Has China Compromised Int'l Sanctions Against N.Korea?
Ever since North Korean leader Kim Jong-un held two summits with Chinese President Xi Jinping, China has increased supplies of crude oil to North Korea and female workers are streaming across the border again, Radio Free Asia reported Wednesday. These are among the latest signs suggesting China may have compromised international sanctions against North Korea, which has suddenly become more abrasive again in its rhetoric against the West after Kim met Xi for the second time in as many months.

N.Korea Blames 'Incompetent' South for Halt of Cross-Border Talks
A senior North Korean official on Thursday put the blame for canceled cross-border talks firmly on the "incompetent" South Korean government.
"Unless the serious situation which led to the suspension of the North-South high-level talks is settled, it will never be easy to sit face to face again with the present regime of South Korea," the North's official Korean Central News Agency quoted Ri Son-gwon, the chairman of the Committee for the Peaceful Reunification of the Fatherland, as saying.

U.S. Hedge Fund Raiding Hyundai Accused of 'Vicious Tactics'
A veteran U.S. investigative reporter has accused the hedge fund currently assailing Hyundai Motor of "vicious tactics" to make a fast buck. Greg Palast (66), who has spent more than a decade reporting on Elliott Management, warned about Paul Singer, the head of the US$34-billion fund.
"There are other vulture funds that operate like Elliott, but few in the finance industry can match the ruthless reputation of Singer funds," Palast said.
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HanKyoReh Shinmun (http://english.hani.co.kr)

Feud of “old men” between Bolton and Kim Kye-gwan
The name of White House National Security Advisor John Bolton appears three times in a statement from North Korean First Vice Minister of Foreign Affairs Kim Kye-gwan expressing “outrage” on May 16. The majority of the statement clearly targets the message on Pyongyang stated by Bolton in recent press interviews. The so-called “superhawk” Bolton, who has made a major comeback in the Donald Trump administration after his past role during the George W. Bush presidency, has emerged as a variable on the path to a historic first-ever North Korea-US summit.

Blue House remains reticent on North Korea’s sudden suspension of high-level talks
The Blue House and South Korean administration spent a busy day on May 16 sounding out Pyongyang’s intentions and developing response measures after the North’s early morning unilateral postponement of high-level inter-Korean talks scheduled to take place at Panmunjeom later that morning.

North Korea attacks its former minister to UK
A Korean Central News Agency (KCNA) piece published shortly after North Korea announced the “suspension” of high-level inter-Korean talks on May 16 over joint South Korea-US military exercises accused Seoul of “failing to address” the “sport of human scum.” The piece appeared to be referring to the words and actions of former North Korean minister to the United Kingdom Thae Yong-ho, who criticized North Korean leader Kim Jong-un and the Pyongyang regime in a May 14 talk before the National Assembly and during a meeting with reporters for the publication of his book “Code of the Third-Floor Secretariat: The Testimony of Thae Yong-ho.”
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JoongAng Ilbo (http://koreajoongangdaily.joins.com/)

White House shoots down Libya model
The White House said Wednesday that the Libya model advocated by National Security Advisor John Bolton was not applicable to denuclearizing North Korea, apparently reacting to North Korea’s threat to pull out of a summit scheduled for next month. Asked if the Libya model was the denuclearization framework it was pursuing, White House spokeswoman Sarah Sanders walked back comments by Bolton last month, saying she hadn’t “seen that as part of any discussions.” “I am not aware that that’s a model that we are using,” she said. “I know that that comment was made,” she continued, referring to Bolton’s remark on “Face the Nation” that Washington was looking at the Libya model to be applied to North Korea. “There’s not a cookie-cutter model on how this would work.”

Top prosecutor faces a mutiny over casino hiring probe
Justice Minister Park Sang-ki on Wednesday expressed regret over internal division within the state’s top investigative body over a corruption case about hiring practices at the only casino where Koreans can gamble. Speaking to reporters at the government complex in Gyeonggi, Park said it was “regrettable” that opinions of prosecutors have been revealed via media reports about the casino company case, referring to an unusual rebuke of top prosecutor Moon Moo-il by his subordinates.

Xi told Kim he’ll support him even if Trump meeting fails
Chinese President Xi Jinping told North Korean leader Kim Jong-un during their summit last week that Beijing has his back even if the North-U.S. summit scheduled for next month fails, according to a government source in Seoul.

“China promised active support even if the North-U.S. summit does not turn out well,” the government source told JoongAng Ilbo on Thursday, describing meetings between Xi and Kim over May 7 and 8 in Dalian, in China’s northeast Liaoning Province, their second summit in some 40 days.
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The KyungHyang Shinmun (http://english.khan.co.kr/)

Swift Investigation and Victim Protection for Illegal Shooting and Publishing of Pictures
In a meeting with the Cheong Wa Dae senior secretaries and aides on May 14, President Moon Jae-in described crimes involving candid photographs and dating violence as "malicious crimes that destroy the lives of the women." The president said, "It is true that the common practice of investigative authorities in investigating such crimes was laid back and that punishment was not severe even when the perpetrator was arrested. We need to change our perception so that such crimes can be handled as a more serious offense." President Moon cited the U.S. and their handling of domestic violence and stressed, "We need a dramatic change." The president's comments seemed to be related to the latest case, in which a female colleague illegally captured and distributed photos of a male nude model at Hongik University.

The Special Prosecutor for the D-ruking Case, In the Hands of Bareun Mirae and the Party for Democracy and Peace
The ruling and opposition parties agreed on May 14 to pass a bill on a special prosecutor for the D-ruking case in the parliamentary session on May 18. As a result, the investigation of D-ruking and his manipulation of online comments will now go into the hands of a special prosecutor. Since it will take time for the president to appoint a special prosecutor after receiving referrals of candidates and for the special prosecutor to gather an investigative team, the investigation is not likely to begin until after the June 13 local elections. The name of the bill will be the Act on the Appointment of a Special Prosecutor to Investigate the Illegal Manipulation of Online Comments by D-ruking.

U.S. Demands Long and Specific, While Compensations Brief and General
The key issue in the summit between North Korea and the United States is the complete denuclearization of North Korea and compensations by the U.S. corresponding to such action. What to include in denuclearization and compensations and in what order to place them are key. The U.S. government is slowly specifying the roadmap for denuclearization including its demands and rewards for North Korea after setting the date for the summit on June 12. The list of what they want is long and specific, but their promise of compensation is short and general. A gap remains in the two countries' position on the order of corresponding measures.
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AJU Business Daily (http://eng.ajunews.com/korea)

Biotech startup PaxGenBio envisions global player with innovative technology
Established in 2015 as one of South Korea's emerging biotech startups, PaxGenBio has produced test kits for early detection of pathogens and gene mutation as a life science company with distinctive technology and management philosophy.
Three years later, its name and products targeting hospitals and public health centers are still unfamiliar at home, but it has gradually gained recognition from specialists, probably better known among overseas clients looking for reliable and good things.

S. Korea's sovereign fund considers canceling contract with U.S. fund Elliott
The head of South Korea's sovereign wealth fund said Thursday he would consider canceling a contract with U.S. activist hedge fund Elliott Management, which has been involved in a legal dispute with the Seoul government over the 2015 merger of two Samsung units. Korea Investment Corporation (KIC) chairman Choi Hee-nam said he has been closely monitoring the dispute. Under a hedge fund program, Elliott manages a $50 million KIC fund. Choi said there were "conflicts of interest" because the Seoul government is the sponsor of KIC which manages $134 billion in assets at the end of 2017.

Stainless steel bars from Taiwan and Italy face dumping probe

Stainless steel bar products from Taiwan and Italy will face a dumping probe on complaints from South Korean companies, according to a state trade watchdog. The Korea Trade Commission said Thursday that complaints have been filed by Dongil Steel, SeAH Special Steel and SeAH Changwon Integrated Special Steel against stainless steel bar products shipped by Taiwanese and Italian manufacturers.
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Maeil Business News Korea ( http://www.pulsenews.co.kr/)

SK Hynix hopes boost in NAND division after Toshiba deal clearance
he long-delayed 2 trillion yen ($18 billion) sale of Toshiba Corp.’s memory chip business to a multinational consortium led by U.S. private equity firm Bain Capital finally has come through after the last stumbling block has been cleared with the green light from Chinese antitrust authorities, giving South Korean chipmaker SK Hynix Inc. a push in the flash NAND business. The deal that had passed regulators in South Korea, the United States, Japan, European Union, Brazil, the Philippines, and Taiwan since the awarding in September last year had been put on hold as Beijing took longer than expected on anti-monopolistic review especially with SK Hynix on board at a time China is going all-out to make chipmaking its core industry.

Biogen confirms upping stake to near 50% in JV with Samsung BioLogics
South Korea’s Samsung BioLogics Co. said Friday it was notified by its partner Biogen Inc. on its plan to exercise a call option that enables the U.S. drug maker to up its stake to 49.9 percent from the current 5.4 percent in their biosimilar joint venture Samsung Bioepis Co., currently under scrutiny by Korean financial authorities over an accounting misdeed.
Biogen alerted that it would exercise its option by June 29, the company said. Although the move was announced during a conference call in Apri.

KAI teams up with Rockwell Collins for Chinook helicopter upgrade program
South Korea’s sole military aircraft manufacturer Korea Aerospace Industries Ltd. (KAI) said on Thursday it has partnered with U.S.-based Rockwell Collins for a performance improvement program for Chinook CH-47D helicopters, the heavy troop aircraft of South Korean army and air force. Under the partnership, the two will seek business and technology collaboration in the areas of design, remodeling and flight test in connection with performance improvement of the CH-47D.
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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:

Real time-updated Korean Internet news http://www.koreapost.co.kr/
Real time-updated English Internet news http://www.koreapost.com/
20-page Korean-language newspaper http://www.koreapost.co.kr/pdf/list.php
English E-daily http://www.koreapost.com/news/articleView.html?idxno=6733
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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.

Lee Kyung-sik  edt@koreapost.com

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