Oct. 07, 2014

The Korean daily media headlines and humorTuesday, Oct. 07, 2014

Here are The Korea Post news, notice, humor from Korean-language economic dailies, and a roundup of important headlines from all major Korean-language dailies, TV and other news media this morning:

/s/

Lee Kyung-sikPublisher-ChairmanKorea Post Media-------------------------------------------

The Korea Post news:

From left: Charge d’Affaires and Mrs. Jason Manuel Castro Olivares of El Salvador, Ambassador and Mrs. Manuel Lopez Trigo of Costa Rica, Xinhua News Agency Sports News Director Xu Jiren, Publisher-Chairman Lee Kyung-sik of The Korea Post, Mrs. Hakcal, Ambassador Hakan Okcal of Turkey, Co-Chairman Kim Sung-hoon of the Gwangju World Kimchi Festival, Ambassador Legnany of Uguguay, Mayor and Mrs. Yoon Jang-Hyun, Mrs. Zofia Majka (wife of the Polish ambassador), President Mrs. Kim Bok-ryeo of the Institute of Royal Cusine of Korea, Mayor Park Won-soon of Seoul City, a Guwangju City official, Mrs. Pinilla, Ambassador Tito Saul Pinilla Pinilla of Colombia, daughter of Ambassador and Mrs. Pinilla and Chinese Consul General Zhang Xiamomei for Gwangju.At 21st Gwangju World Kimchi Culture FestivalSeoul Mayor Park helps globalize Kimchi in impeccable English  Mayor Park Won-soon of the Seoul Special City extended a helping hand in globally promoting Korean Kimchi explaining in an impeccable English the health-promoting ingredients of Kimchi to the ambassadors and their spouses at the 21st annual Gwangju World Kimchi Culture Festival in Gwangju Metropolitan City on Oct. 4, 2014. The Korea Post organized the tour for the ambassadors and spouses to Gwangju to attend the opening ceremony of the Festival and visit to the 2014 Gwangju Art Biennale.Speaking to the ambassadors at a luncheon hosted by Mayor Yoon Jang-hyun of Gwangju Metropolitan City in Gwangju, Mayor Park said that Gwangju was a ‘City of Taste, Art and Democracy’ and disclosed that Mayor Yoon Jang-Hyun of Gwangju City and he were good friends working together as social civic activists in the past. Presently Mayor Park is the front-runner at most of the opinion polls on the next Presidential hopefuls. (For further details, please visit /news/view.html?section=161&category=181&no=671.)-------------------------------------------

The Korea Post notices:

Invitation to the Nostalgic 70-80s Gwangju Chungjang Town FestivalFinally, Tomorrow is the Nostalgic 70-80s Gwangju Chungjang Town Festival on Wednesday 8 October 2014. Whoever has missed the chance of application for attendance at the above Festival, please read the summary below and full details of Invitation at the end of this Headlines.

Venue: Chungjang town, Gwangju Metropolitan City, Travel by AirlinesTime/Date: 1300-2030 hours, Wednesday 8 October 2014Events: Attend Opening of Theme Street of the nostalgic 1970s-80s, tour Asian Culture Center, Chungjang Festival Dinner, Opening ceremony of the Chungjang Culture Festival: Tour various interesting sights of the 1970s and 80s at the Chungjang Street in Gwangju Metropolitan City.I am pleased to inform Your Excellency that Mayor Roh Hee-yong of the Dong-gu Town of the Gwangju Metropolitan City, cordially invites Your Excellency and Madam to the 11th 7080 Gwnangju Chungjang Recollection Festival on Wednesday 8 October 2014. Further details are at the end of this Headlines.(For further details, please visit /news/view.html?smode=&skey=7080&x=0&y=0&section=161&category=181&no=659)-------------------------------------------

Commercial Ministers, Counsellors, Officers:

Thank you for your warm interest in the separate English- and Korean-language Internet editions of The Korea Post. The Korean-language Internet edition is presently undergoing a massive renovation for the adequate accommodation of the increasing publicity needs of the trade/economic sections of the foreign embassies in Seoul.Both the English Korean Internet editions are allocating substantially large space to accommodate the publicity needs of the trade, investment and other economic affairs of the different countries for the promotion of cooperation in the trade, investment and other economic areas. For this purpose please email us (edt@koreapost.com or korpost@chol.com) your press releases on the following or other subjects:

1. Scheduled visit of your trade, investment or other economic delegation to Korea and full details about the delegation, including members and purpose of visit.2. Scheduled visit of other delegations from your country3. Scheduled Trade or Industrial Fairs of exhibitions in your country, to which Korean participants are welcome.4. Do you also have any major art or other cultural exhibitions in your country where you wish to invite Korean participants?5. Do you have bilateral economic commission meetings in Korea coming soon? Any plan to encourage Korean participation in such meetings? 6. If you have whatever other events or meetings coming soon where Korea’s participation is desired, please elaborate on them and email them to the above addresses.

The contact information of The Korea Post is:Tel 2298-1740/2, Fax 2298-9506010-3386-1682 Ms. Kim Jung-Mi for Korean callers010-5201-1740 Chairman Lee Kyung-sik (for English)Email address: edt@koreapost.com----------------------------------------

The Korea Post opens Korean-language Business-Economic Internet editionI am pleased to inform Your Excellency that The Korea Post is renovating its Korean-language Internet on a massive scale to contribute to the promotion of trade and economic cooperation between your esteemed country and Korea.The new Korean-language Internet edition will primarily accommodate the publicity needs of the Commercial-Economic Section of your esteemed Embassy for the Korean audience as well as the business community.In connection with this effort, we would like to secure the following information for prompt communication between the Korean-language Internet of The Korea Post and your Commercial-Economic Section:

Name of Commercial-Economic Officer(s)Email addressTelephone, fax and mobile phone numbersMailing address for regular mail such as complimentary copies of The Korea PostAny other information considered by the Embassy to be useful between the Embassy and The Korea Post.

The contract information of The Korea Post is:Tel 2298-1740/2, Fax 2298-9506010-3386-1682 Ms. Kim Jung-Mi for Korean callers010-5201-1740 Chairman Lee Kyung-sik (for English)Email address: edt@koreapost.com----------------------------------------

Here is today’s ration of humor from Korean-language business dailies of this morning:

Seoul Kyungje

Why do men chase women they have no intention of marrying?For the same reason dogs chase cars they have no intention of driving.

Hankuk Kyungje

Agony UncleIf Dear Abby was a man….Q - My fianc? still has feelings for his old girlfriends. I’m afraid he will not be faithful. A - A man’s capacity to love is boundless. It has been proven to increase with the number of sexual partners. Thus, having a few other women, your partner is really increasing his love for you. Best thing to do is cook him a nice meal. -----------------------------------------------

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

Parliamentary Inspection of Gov't Agencies to Begin Tuesday for 20 DaysA record of 672 government agencies will be inspected by parliament beginning on Tuesday for 20 days.

Four Lawmakers to Compete for NPAD Floor Leader PostFour lawmakers have registered as candidates for the main opposition party’s floor leader post.

16 S. Korean Conglomerates to Make 28 Tln Won Investments by 2015Sixteen major South Korean conglomerates, including Samsung Electronics, plan to make 28 trillion won’s worth of new investments by next year.

16 S. Korean Conglomerates to Make 28 Tln Won Investments by 2015

KOSPI, Won Down

Tax Collected at Record Low Rate This Year

Dutch Foreign Minister Dismisses Japanese Claim of Voluntary Prostitution

ISIS: Possible Shutdown of N. Korea's 5 MW Yongbyon Reactor

Experts Say Tokyo Should Intervene in US Military's Usage of Bases in Japan

Call Center for Foreigners to Expand Services

Prosecutors Charge 399, Arrest 154 People in Sewol Case

Cases of Foreign Infectious Diseases on the Rise----------------------------------------

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

Samsung puts Q3 earnings at 4.1 tln won amid desperate struggle Samsung Electronics Co., the world's top smartphone maker, estimated its third-quarter operating profit at 4.1 trillion won (US$3.8 billion) Tuesday, apparently as its key business continued to suffer despite the corporatewide effort to revitalize its earnings.

Key aide to Sewol's late owner deported from U.S. to face corruption chargesA key aide to the late South Korean shipping tycoon blamed for April's deadly ferry disaster was deported from the United States on Monday to face charges of corruption at home in connection with the tragedy.

Daesung Industrial to sell non-core assets to cut debtDaesung Industrial Co., a South Korean company whose portfolio ranges from oil and gas to construction, said Monday it plans to raise 1.5 trillion won (US$1.4 billion) by the end of next year by selling property and new shares in order to repay debts.2014/10/06 18:00

U.N. official urges Seoul to further address racismA U.N. special rapporteur on racism and discrimination on Monday recommended that South Korea ratify the international convention on protecting rights of migrant workers, saying that there are "serious problems" of racial discrimination in the country.2014/10/06 17:21

China silent on 65th anniversary of diplomatic ties with N. Korea China remained silent Monday about the 65th anniversary of establishing diplomatic relations with North Korea, apparently reflecting continued strain in the bilateral relationship.2014/10/06 17:03---------------------------------------------

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

Samsung plans to invest W15.6tr in new chip plantSamsung Electronics said Monday that it would invest about 15.6 trillion won ($15 billion) to build a chip plant in an i...

Sinking caused by overloading, negligenceThe Supreme Prosecutors’ Office on Monday attributed the cause of the April 16 ferry disaster ...

Seoul to prioritize family reunions in N. Korea talksSouth Korea plans to prioritize resolving the issue of separated families during the high-level...

U.N. calls for Korean anti-discrimination actA U.N. expert on racism called on the South Korean government Monday to tackle the country’s x...

Counting cost of college applicationWith Korean universities continuing with their early admission programs for 2015, the nonrefundable appli...

Record foreign investmen...It is good news for the sluggish Korean economy that foreign direct investment has continued...

THAAD deploymentSeoul and Washington have struck different tones in recent months over the possible deployme...    Artists, artisans combined at Hermes“Silence is Golden” by Oliver Beer (Fondation d’entreprise Hermes)Perfection may be what art...

When changgeuk meets Greek tragedyEuripedes’ epic Greek tragedy “Medea” is downright terrifying and brutal. The ill-fated Mede...----------------------------------

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

UN raps gov't over foreign sailor abuses The Korean government has failed to adequately monitor its fishing industry and address human rights abuses and racism against foreign sailors, a U.N. specialist said Monday. Mutuma Ruteere, the U.N. special rapporteur on contem... 'Korea should pass anti-discrimination bill'  YMCA considering lawsuit on Reebok's 'toning shoes' Some athletic shoe makers may face a massive lawsuit led by a civic group if they don’t compensate customers for exaggerated advertisements about their so-called “toning shoes.” “The Fair Trade Commission (FTC) previously issued...

Park calls for regular S-N meetings   President Park Geun-hye said Monday that government representatives from South and North Korea should meet on a regular basis following a surprise visit by to... 

SK starts lubricants joint venture in Spain  SK Lubricants, an affiliate of SK Innovation, said Monday that it has started commercial operation... 

Korindo head probed for alleged tax evasion   Prosecutors are investigating allegations that the head of Korindo Group, a Jakarta-based conglome... 

Double-deckers could solve Seoul's traffic jams   Double-decker buses will run on three routes between Seoul and cities in Gyeonggi Province in a pi...

'Coast Guard gave favors to Undine'   The Deputy Commissioner of the Korea Coast Guard and two other high-ranking officials in the service provided favors to Undine Marine Industries, a private sa... 

Actor says he's not the biological father of son   Actor Cha Seung-won, 44, admitted Monday that he is not the biological father of Cha No-ah.-----------------------------------

Dong A (http://english.donga.com)

`Washington has more than will in improving inter-Korean relations` North Korean National Defence Commission Vice Chairman Hwang Pyong So’s visit to South Korea is a preliminary step for the improvement of the inter-Korean relations and the three senior leaders’ visit came out of its...  Hong Kong protesters, police face off Hong Kong protests continue against Chinese authorities’ plan to vet Hong Kong election candidates for the Chief Executive post. Two Hong Kong police officers are struggling with a young male protester on... National Assembly speaker gives first aid to a baby while in flight National Assembly Speaker Chung Eui-hwa, a former neurosurgeon, was known Monday to have taken care of an emergency patient while in an airplane. He was on his way to embark a visit to two Central American countries of...

Second Lotte World`s lower level buildings to open next week Lotte Group will open to public its second Lotte World complex`s three lower level buildings of Avenuel, entertainment complex and shopping mall next week. The decision came as the Seoul Metropolitan Government approved... Asiad football coach highly likely to lead Olympics team 

Computer giant HP to break into two companies 

A different opening for the Asian Para Games 

Kia Motor Soul`s global sales to soon top 1 million mark 

Matt Kemp`s late homer lifts Dodgers over Cardinals----------------------------------------------

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

Kim Jong-un 'Has No Health Problems'A senior North Korean official on Saturday said leader Kim Jong-un has "no health problems." There has been global speculation about Kim's health because the obese leader has not been seen in public since the beginning of September, and he was last seen walking with a limp. >> Full Text

Ferry Owner's Aide to Be Deported to KoreaA close aide to ferry owner Yoo Byung-eon believed to have managed his slush fund will be deported to Korea this week. Kim Hye-kyung is nominally the head of a health food company, one of a slew of dubious businesses run by Yoo and his family.  >> Full Text

Most New Foreign Investment in Korea Comes from ChinaThe amount of foreign direct investment that flowed into Korea in the January-September period hit an all-time high. FDI from China, the largest contributor, more than tripled on-year. In the first nine months of this year, the amount of new FDI pledges to Korea reached US$14.82 billion, up 37.9 percent on-year.  >> Full Text

Korea's Per-Capita Income to Exceed $30,000 Next Year

N.Korean Officials Traveled in Kim Jong-un's Jet

N.Korea Welcomes Athletes Home from Asian Games

Apple to Unveil New iPads on Oct. 16-------------------------------------------

Hankyoreh (http://english.hani.co.kr)

An unusual opportunity for inter-Korean dialogueWith high-level talks expected soon, there will be a chance to assess Park’s new senior officials’ handling of inter-Korean relations With North and South Korea agreeing to resume high-level talks following the visit of senior North Korean officials to Seoul last weekend, the next question is what approach President Park Geun-hye and the Blue House will adopt as they respond to this unusual opportunity for dialogue.

Are inter-Korean relations nearing a new turning point?The most significant outcome of the visit of senior North Korean officials to South Korea on Oct. 4 was the agreement to hold a second round of high-level talks. With chances increasing that the second round of talks - which have been stalled since the South proposed them in August - will take place in late October or early November, inter-Korean relations appear to be moving toward a new turning point.

N. Korean official says no problem with Kim Jong-un’s healthA secretary of the North Korean ruling party made remarks apparently dismissing recent rumors about the ill health of Kim Jong-un, Minister of Unification Ryoo Kihl-jae reported on Oct. 5.

University instructor struck down for ‘impure lectures’“She took advantage of her position to support an opposition candidate in the election.”Yoo, 47, who used to lecture in the sociology department at Yeungnam University, stood in the dock, accused of violating Article 85 of the Public Official Electio-----------------------------------------------

Joong Ang (conservative): (http://koreajoongangdaily.joinsmsn.com/)

Regional stability addressed at inaugural forumThe visit by a high-ranking North Korean delegation to the South over the weekend was welcomed by leading international scholars and served as an overarching topic yesterday at the J Global-Chatham House Forum 2014 in Seoul…  .

Delegation’s visit prompts calls to lift sanctionsRuling and opposition lawmakers called on the government yesterday to lift sanctions against Pyongyang in order to maintain the momentum from a visit over the weekend…

Korea a haven for former premierA government official has reportedly confirmed that Nambaryn Enkhbayar, 56, who previously served as Mongolia’s president, prime minister and parliamentary speaker…

Opposition apologizes for implicated lawmakerThe opposition New Politics Alliance for Democracy publicly apologized yesterday over allegations that one of its lawmakers was involved in a physical confrontation …

Military postpones candidate approval processIn a candidate screening process that began Sunday, major figures in the military, including chiefs of the Army, Navy and Air Force, finished vetting potential generals yesterday…

Prosecution releases results of Sewol probeThe prosecution yesterday disclosed the results of its months-long investigation into the Sewol ferry disaster that included damning information about the Korean Coast Guard,…--------------------------------

Edaily (http://eng.edaily.co.kr/Stock/)

[Table] Today’s Stock Market BriefThis is a stock market brief of Today. [table] Total stock market id="" width="570... 

[Closed]KOSPI 1,934.94p( 15.42p) slightly up, KOSDAQ 546.83p( 5.04p) slightly upKOSPI & KOSDAQ Index Closed KOSPI closed slightly up 15.42p( 0.80%) at 1,934.94p from yesterday. KOS... 

[Table]Currently Index of Major Country in ASIAThis is Index of Major Country in ASIA. [table] Index of Major Country in ASIA ... 

[Midday]KOPSI 1,931.41p( 11.89p) slightly up, KOSDAQ 546.56p( 4.77p) slightly upKOSPI & KOSDAQ Index KOSPI slightly up 0.62%(11.89p) to 1,931.41p at 14:01. KOSDAQ slightly up 0.... 

[Table]Currently Index of Major Country in ASIAThis is Index of Major Country in ASIA. [table] Index of Major Country in ASIA ... 

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Maeil Kyungje (neutral-oriented conservative, economic/business): (http://news.mk.co.kr/english/)

Jeonse deposit in Gangbuk district approaches $655,000 Jeonse deposit in Gangbuk district approaches $655,000-image  Jeonse deposit in South Korea keeps growing at a relentless pace with mid to small-sized apartments in Gangbuk areas nearing up to 700 million won ($655,246). “Jeonse,” refers to a lease system in which a tenant pays a large lump-sum deposit for typically a two-year rental period. Earlier on, jeonse deposit for an 84 square-meters mid to small-sized Raemian Firstage apartment in Banpo-dong in the posh Gangnam area, outstripped one billion won. An 84.....10.06.2014

Seoul-Pyongyang relations come across watershed

Artifact market comes back to life

PEF taking over small family businesses..

Banks poised to pursue relationship ban..

‘Choinomics’ losing steam, industrial..                                                                                                      

Invitation to the Nostalgic 70-80s Gwangju Chungjang Town FestivalVenue: Chungjang town, Gwangju Metropolitan City, Travel by AirlinesTime/Date: 1300-2030 hours, Wednesday 8 October 2014Events: Attend Opening of Theme Street of the nostalgic 1970s-80s, tour Asian Culture Center, Chungjang Festival Dinner, Opening ceremony of the Chungjang Culture Festival; tour various interesting sights of the 1970s and 80s at the Chungjang Street.I am pleased to inform Your Excellency that Mayor Roh Hee-yong of the Dong-gu Town of the Gwangju Metropolitan City, cordially invites Your Excellency and Madam to the 11th 7080 Gwnangju Chungjang Recollection Festival Wednesday 8 October 2014.Schedule follows:1300 hours, Wed. 8 October 2014: Meet at VIP Lounge 3rd Fl. Gimpo Korean Airlines.1325-1425 hours: Move from Seoul to Gwangju Airport.1500-1530 hours: Coffee break and refreshments.1600-1650 hours: Attend Opening Ceremony of Theme Street and tour various interesting sites of the 1970s and 80s at the Chungjang Street.1710-1800 hours: Tour of Asian Culture Center.1800-1850 hours: Attend Gala Dinner of the Chungjang Festival.1900-1930 hours: Attend Opening Ceremony of Chungjang Festival.2045-2135 hours: Board Asiana Airlines plane for Gimpo Airport.A slight change could occur to the schedule depending on the traffic situation of the day.)Very Respectfully Yours/s/Lee Kyung-sikPublisher-ChairmanRSVP:Yes, we will attend (with spouse)_______. I (alone) will attend_______. Regrets:_______.

Mobile phone number of Korean secretary or driver __________________.The Korea Post phones: David (English) 010-3481-1101, Ms. Kim (Korean)010-3388-1682, Chairman Lee 010-5201-1740. Regular phones 2298-1745/6.

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