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Headlines, June 10, 2019

The Korean daily media headlines and humor

Monday, June 10, 2019

Round-up of important news from major Korean dailies and from international media today

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

Kim Jong-Un reportedly consulted fortuneteller if Trump will win next election

Chairman Kim Jong-Un of North Korea has reportedly consulted a fortuneteller to learn if President Donald Trump will win the next Presidential election in the United States. This was reported by popular Korean-language daily newspaper, Chosun Ilbo, this morning. Chosun said that an English book by Anna Effield entitled, “The Great Successor,” carried the story. She reportedly told Chosun on June 6 that it is what actually happened in New York.

Sales of eco-friendly cars jump 28 pct through May

Sales of environment-friendly cars in South Korea jumped nearly 28 percent in the first five months of the year compared with a year earlier on the back of strong demand for electric vehicles (EVs), industry data showed Sunday. The number of environment-friendly vehicles, such as hybrid electric, all-electric and hydrogen fuel-cell electric models, sold in the January-May period reached 65,030 units, up 27.9 percent from the cited period in 2018, according to data from the Korea Automobile Manufacturers Association (KAMA) and foreign automakers.

Consortium with SK E&C wins US$1.2 bln order to build tunnel in London

SK Engineering & Construction Co., a major builder in South Korea, said Sunday a consortium that it's part of has been named the preferred bidder for a 1 billion-pound (US$1.2 billion) project to build a tunnel across the main river in London. The multinational consortium RiverLinx, comprised of SK E&C and other companies from Australia, Spain, Britain and the Netherlands, won the project issued by the state-run Transport for London to build the Silvertown Tunnel that will cross the Thames River in east London.

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

Moon Arrives in Finland for State Visit

President Moon Jae-in arrived in Helsinki on Sunday for a three-day state visit to Finland on the first leg of a week-long tour of Northern Europe. Moon is scheduled to hold summit talks with Finnish President Sauli Niinisto on Monday to discuss ways to strengthen bilateral ties, and will request Finland's support for Seoul's efforts to establish peace on the Korean Peninsula.

Salvage of Sunken Boat in Budapest Likely to Begin Tuesday

Hungarian authorities have nearly completed preparations to salvage a sunken tour boat that took the lives of at least 19 South Koreans in the Danube River late last month. Hungarian authorities in charge of the operation planned to bind the sunken vessel with four wire harnesses on Sunday, but they completed just three and decided to install the last one on Monday.

Public Debate Discusses Solutions to Fine Dust Issue

A public debate was held on Sunday to discuss ways to deal with the country's worsening air quality and the fine dust issue. About 300 residents of South Korea from across the social strata, including taxi drivers, teachers and self-employed individuals, as well as subject experts participated in the two-hour live discussion broadcast on KBS TV.

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

S. Korea, Britain agree on post-Brexit FTA

South Korea and Britain reached an agreement Monday to maintain their current free trade agreement even after the "no deal" Brexit, with Seoul becoming a major non-EU member economy to seal such a deal as it braces for the fallout from the divorce. The move came amid concerns that South Korean companies may no longer enjoy the benefits under the South-EU FTA if Britain leaves the world's single largest economic bloc without agreeing on post-Brexit conditions.

S. Korea, Finland to hold summit on peace, startups

South Korean President Moon Jae-in will hold bilateral talks with his Finnish counterpart, Sauli Niinisto, on Monday, commencing another round of his summit diplomacy to harden international support for the Korea peace process and broaden partnerships on Seoul's search for future growth engines. Moon arrived in Helsinki on Sunday for a three-day state visit, the first leg of his weeklong regional tour that will also take him to Norway and Sweden.

Seoul asks Washington to consider exporters' woes after scrapped Iran sanctions waiver

South Korea's finance minister has called for positive U.S. consideration in resolving difficulties facing smaller South Korean companies due to U.S. sanctions on Iran, the finance ministry said Monday. Hong Nam-ki, the minister of the economy and finance, made the request during his meeting with U.S. Treasury Secretary Steven Mnuchin on Sunday on the sidelines of an annual meeting of the Group of 20 finance ministers in Japan.

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

S. Korean tech giants feeling edgy over US-China trade disputes

South Korea’s tech giants including Samsung Electronics and SK hynix are increasingly on edge over the ongoing economic brinkmanship between the United States and China, in light of a reported warning from Beijing not to cooperate with the Trump administration’s China ban, according to industry sources Sunday. “We will need to step up monitoring on the issue,” said an official from one of the major companies based in Seoul. “Companies here will watch the situation closely, hoping to hear from the Korean government.”

Moon in Finland for talks on peace, innovative growth

South Korean President Moon Jae-in arrived in Helsinki, the capital of Finland, on Sunday, the first leg of his eight-day tour of Northern Europe aimed at deepening partnerships on peace, innovative and inclusive growth. Moon's aides said that Finland, Norway and Sweden are South Korea's important partners in efforts to bring lasting peace to the peninsula and foster new economic growth engines.

[Sky’s the Limit] Big buyer NHIS signals real estate market trend shift

The Korea Herald is publishing a series of articles and videos about some of the most expensive and fascinating landmark office buildings in Seoul. The real estate market for office buildings, which involves multibillion-won units even for average transactions, tends to be defined by lump-sum landmark deals. Investor attention is usually fixed on the most expensive item on the market, the tallest building in the city or country, or the most commercially active complex.

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

South Korea, Finland to hold summit on peace, startups

South Korean President Moon Jae-in will hold bilateral talks with his Finnish counterpart, Sauli Niinisto, on Monday, commencing another round of his summit diplomacy to harden international support for the Korea peace process and broaden partnerships on Seoul's search for future growth engines. Moon arrived in Helsinki on Sunday for a three-day state visit, the first leg of his weeklong regional tour that will also take him to Norway and Sweden.

Seoul asks Washington to consider exporters' woes after scrapped Iran sanctions waiver

South Korea's finance minister has called for positive U.S. consideration in resolving difficulties facing smaller South Korean companies due to U.S. sanctions on Iran, the finance ministry said Monday. Hong Nam-ki, the minister of the economy and finance, made the request during his meeting with U.S. Treasury Secretary Steven Mnuchin on Sunday on the sidelines of an annual meeting of the Group of 20 finance ministers in Japan.

Trade friction burdening Korean economy

A senior presidential aide said the growing trade friction between the United States and China is harming the South Korean economy and the prospects of its manufacturing sector, as the deepening dispute is pulling down overall growth of the global economy. "External uncertainties affecting economic growth in the first quarter of the year have risen more than expected. Meanwhile, the [U.S.-China] trade dispute is affecting a lot of local industries. In response, the government will come up with strong policy measures," Yoon Jong-won, senior presidential secretary for economic affairs, told reporters in a briefing Friday. The remarks were embargoed until Sunday afternoon.

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

N.Korea Suspends Mass Games

North Korea has halted its notorious mass games after leader Kim Jong-un severely criticized organizers for their "wrong spirit." The suspension comes amid rumors that the regime cannot handle the logistics of feeding thousands of performers, many of them schoolchildren, due to international sanctions, according to Radio Free Asia.

Foreign Brands Top Used-Car Searches by Men in Seoul

When it comes to used car purchases, older men in Seoul prefer foreign brands, according to used car dealer SK Encar. SK Encar said last week that it analyzed searches by visitors to its website for the last six months and found that men in their 30s living in Seoul searched for the BMW 3 series most, and those in their 40s and 50s the Mercedes-Benz E-Class.

Too Much Stretching Could Do More Harm Than Good

Stretching eases tense muscles and minimizes the risk of injury, but excessive stretching could weaken joints, ligaments and tendons, causing more pain and illness down the road. Excessive stretching causes ligaments to loosen and leads to instability in the bones. Choi Yoo-wang, an orthopedic surgeon, said, "Infections can occur on the ligaments, or cartilage inside the joints can become damaged, leading to the early onset of degenerative arthritis."

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

S. Korea faces strategic dilemma of choosing between US and China in trade war

The conflict between the US and China is intensifying. As the trade war between the two powers begins looking more and more like a battle for dominance, South Korea is facing very real pressure to decide which side it is on. It already has the past experience of permitting the deployment of US strategic weapons – the Terminal High Altitude Area Defense (THAAD) system – only to end up facing harsh economic retribution from China. Now there are great concerns that we could end up “sandwiched” once again, caught between the two major powers and forced to make an undesirable choice. The government needs to respond wisely and develop a suitable response plan before it’s too late. During a June 5 event organized by the US Embassy in South Korea and the Korea Internet Corporations Association, US Ambassador to South Korea Harry Harris referred to 5G network cybersecurity as a key element in protecting allies’ communications, stressing that the choice of untrustworthy suppliers to cut costs in the short-term would result in very large risks and costs in the long term. While he did not single any company out by name, it amounted to a demand that South Korea avoid using communications equipment from the Chinese company Huawei. It was the first time a senior US official openly discussed the issue.

Trump expresses doubts about reports on execution of N. Korean officials

On June 5, US President Donald Trump expressed his doubts about the accuracy of reports about the execution of North Korean officials who’d been involved in the North Korea-US summit. Trump also said he hoped to hold a third summit with Kim at the appropriate time. When asked by journalists prior to the beginning of his summit in Ireland with Irish Taoiseach (Prime Minister) Leo Varadkar about the reported execution of the North Korean officials, Trump said, “I don’t know if the reports are correct because one of the gentlemen who we deal with [. . .] is somebody that we know well.”

Moon urges unity between progressives and conservatives in Memorial Day speech

South Korean President Moon Jae-in declared that “there are no divisions of ‘conservative’ and ‘progressive’ when it comes to patriotism” in his commemorative address for Memorial Day on June 6. He also predicted that South Korea “can develop into a unified society when we conceive of patriotism within common sense lines rather than skewing toward extremes.”

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The Dong-A Ilbo (http://english.donga.com/)

China warns Samsung, SK Hynix against cooperating with U.S. ban

The Chinese government has summoned South Korea’s Samsung and SK Hynix and other tech giants of the United States and Britain “to warn that they could face dire consequences if they cooperate with the Trump administration’s ban on sales of key American technology to Chinses companies,” the New York Times (NYT) reported Saturday (local time). The NYT reported, by citing people familiar with the matter, that the Chinese government held meetings with major tech companies, including Microsoft and Dell from the United States, the semiconductor makers ARM of Britain, and South Korea’s tech giants, on Tuesday and Wednesday to warn them against cooperating with the Trump administration’s ban on sales of American technology and resources to Chinese companies. The meetings apparently came soon after China’s announcement that it was “assembling a list of ‘unreliable’ companies and individuals.”

Renault Samsung tries to recover sales with LPG-type SUV

Renault Samsung Motors launched its sport utility vehicle "The new QM6 LPG," which is the first Korean vehicle to be installed with an LPG engine. There is much attention on whether the automaker could recover its sales volume that decreased due to the Busan factory strike. The company announced Sunday that it will start signing pre-contracts for the new model from Monday. The QM6 LPG is a facelift model of the existing diesel-type QM6 and the only LPG-type SUV in Korea. Its unique feature is the donut-shaped (donut tank) fuel tank unlike other LPG vehicles that carry a cylindrical tank in the trunk. Renault Samsung Motors invested some 20 billion won for two years to develop its donut tank which can be attached to the space for an emergency tire at the bottom of the trunk.

Korea has longest ‘Boryeong Undersea Tunnel’

Korea’s longest undersea tunnel, “Boryeong Undersea Tunnel,” has been penetrated two-way on Monday, while the whole section of the Boryeong-Taean route, where the undersea tunnel belongs, is expected to open by the end of 2021. The Ministry of Land, Infrastructure, and Transport announced on Sunday that the southbound lane of Boryeong Undersea Tunnel, which is 6.9 kilometers long, will get fully excavated between Daecheon port in Boryeong and Wonsan Islet. Following the upbound lane complete in excavation in February, the completion of excavation works for the downline will signify the full completion of penetrating both ways of the tunnel in seven years since the commencement in 2012. The construction is a part of a road building project between Boryeong and Taean.

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

The Protestant Church to Hwang Kyo-ahn: Is It an Ally or a Burden?

The mainstream Protestants, assessed as the Liberty Korea Party leader Hwang Kyo-ahn's allies, have become a burden to the opposition party leader recently. Some Christians are triggering religious conflicts and getting involved in politics voicing extreme words, such as "President Moon Jae-in should step down," "Jeolla-do is red," and "The Buddhist leadership is leftist." Some people believe that the Protestants are actually the obstacle blocking Hwang from expanding his support base. The conservative Protestant community has been cited as the sturdy support of the missionary, Hwang Kyo-ahn who "has never missed a Sunday worship in the past fifty years." Reverend Jeon Gwang-hun, chairman of the Christian Council of Korea, a union of Protestant churches, said to Hwang, who visited him in March, "I hope you can become the third state leader following presidents Rhee Syng-man and Park Chung-hee," and Hwang replied, "I would be grateful if you could ardently pray for me and our Liberty Korea Party and gather the support of our ten million Christians."

167 Private Kindergarten Presidents File Administrative Suit Claiming "Edufine Is Illegal"

The presidents of private kindergartens believed to be members of the Korea Kindergarten Association filed a lawsuit against the government claiming that the government accounting program, Edufine is illegal. They argued that the Ministry of Education revised subordinate rules and forced kindergartens to use Edufine despite that there were no grounds for such enforcement, since the "three kindergarten bills," including the Early Childhood Education Act, the mother law, had yet to be passed by the National Assembly. The private kindergartens, which had accepted the introduction of Edufine after the government's hardline response, have launched a counterattack on the government.

Investigation of Kim Hak-eui and Yoon Jung-cheon Covers up the “Past of the Prosecution Service”

An investigation team at the Prosecution Service arrested former Vice Minister of Justice Kim Hak-eui (pictured) for bribery and Yoon Jung-Cheon, the owner of a construction company, for rape on June 4. The prosecutors failed to uncover the facts on allegations of a poor investigation conducted by the police and Prosecution Service and on any outside pressure on the initial investigation conducted in 2013-2014. The investigators said they could not find any evidence to prove that there was external pressure, and that the statute of limitations had expired to hold anyone responsible for a poorly conducted investigation. As for the so-called “Yoon Jung-cheon list,” which included Han Sang-dae, former public prosecutor general, and Yoon Kap-geun, former chief of the High Prosecutors' Office, the investigation team said that they did not have any leads to follow. The justice ministry’s committee on past cases handled by the Prosecution Service, which recommended the investigation, criticized that the investigation team granted an indulgence to the past investigation team and Cheong Wa Dae by rushing to close the case concerning outside pressure and a poorly conducted investigation.

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

S. Korea’s chip exports to India surge on strong smartphone demand

South Korea’s semiconductor exports to India surged almost 50 percent in the first four months of this year from the same period a year ago, thanks to exploding demand for smartphones in the world’s second most populous country. According to data released by Korea International Trade Association (KITA) on Sunday, Korea exported a total $490 million worth of semiconductors to India in the January-April period, up 48.5 percent from the same period a year ago. The surge is notable because Korea’s overall semiconductor outbound shipments fell 19.5 percent to $31.62 billion during the same period.

Samsung Securities to buy $778 mn office building in Paris

South Korea’s Samsung Securities Co. is set to become the new owner of Crystal Park building in Paris, France, worth 920 billion won ($778.3 million). According to multiple sources from the financial investment industry on Friday, Samsung Securities has recently decided to acquire Crystal Park office building from French property investment firm Icade for 920 billion won. The Korean brokerage is expected to sign a final agreement with Icade next month.

Less than half Renault Samsung labor union members join strike

The factory line of Busan-based Renault Samsung Motors Corp. remains plugged on as workers refusing to comply with the union leadership order to go on a general strike work around the clock to meet orders in fear of the French parent taking the workload to other overseas partners. The union leaders of Renault Samsung Motors, the Korean unit of French automaker Renault S.A., called for an indefinite strike as of 5 p.m. Wednesday after the union voted down on the tentative agreement with the management on wages and other work terms for this year.

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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.cn kf@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 Herald http://www.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.com lithuania@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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http://pdf.koreapost.co.kr/38/3801.pdf
http://pdf.koreapost.co.kr/38/3802.pdf
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English E-daily: http://www.koreapost.com/news/articleView.html?idxno=9225
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Lee Kyung-sik  edt@koreapost.com

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