Oct. 08, 2014
The Korean daily media headlines and humorWednesday, Oct. 08, 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 Notice:
During The Korea Post tours, the person-to-person meeting of the Excellency with local governors and mayors could be of benefit to the Excellencies--especially when it comes to the possibility that some of them could one day in the near future be the President of the Republic of Korea or a very important person, a meeting with whom could be of benefit to their country.
This is in addition to the good images that the Excellencies’ presence at the local festivals gives to the local Koreans who are 'real Koreans' vis-a-vis the 'cosmopolitan Koreans' in Seoul and other big cities, whom they meet in any city around the world.
In this regard, it was pity that we were unable to successfully convince some Excellencies to take interest in the Gwangju World Kimchi Festival where we met Mayor Park Won-soon of Seoul who is the front-runner in most of the opinion surveys of the Presidential candidates for the 2017 Presidential election. (/news/view.html?section=161&category=181&no=671).Incidentally, we have a very interesting tour to the Insanga Health Promotion Estate and the Bamboo Salt Plant.
If interested, please scroll down to the end of this Headlines for Invitation.
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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
A banker was arrested for embezzling $100,000 to pay for his daughter's college education. As the policeman, who also had a daughter in college, was leading him away in handcuffs, he said to the banker, "I have just one question for you. Where were you going to get the rest of the money?"
Hankuk Kyungje
American AidOne day after the World War Two, the cabinet of a certain country met to consider the nation’s grave financial difficulties. After much futile talk, one of the ministers suggested they declare war on the US. “Of course, we would be quickly defeated, but then the rich Americans would shower money and supplies upon us, and we would then be over our difficulties.”“But,” interjected the prime minister, “suppose by any chance we won the war? Then we would be in a terrible cirisis.”-----------------------------------------------
KBS (http://world.kbs.co.kr/english/news/)
N. Korean Patrol Boat Crosses NLL, Exchanges Fire with S. KoreaA North Korean patrol boat has violated the Northern Limit Line (NLL), the de facto border in the Yellow Sea, and retreated after briefly exchanging fire with a South Korean Naval vessel.
3 Japanese Scientists Win Nobel Prize in PhysicsThree Japanese scientists have won this year’s Nobel Prize in Physics for their invention of efficient blue light-emitting diodes (LED).
"Geumgang Tours Must Not Contribute to N. Korean Nuke Program"The government has stressed the need to prevent cash generated from South Korean tours to Mount Geumgang resort from being spent on North Korea's nuclear program.
Gov't to Make Ulleung Island Energy Self-sufficient
KOSPI Ends Higher Despite Foreign Selling
S. Korea's Economic Freedom Index Falls to 33rd in World
Over 900 Anti-Korean Protests Held in Japan Over 5 Yrs
New York Archbishop to Support Campaign Against Japan’s WWII Sex Slavery
Yoo Byung-eon's Top Aide Deported from US to Face Charges in S. Korea----------------------------------------
Yonhap (http://english.yonhapnews.co.kr)
Ex-USFK chief: US should not press Seoul over THAAD The United States should not publicly press South Korea to accept the deployment of a THAAD missile defense battery on its soil so as to help Seoul persuade its people first to understand such a deployment, a former chief of U.S. Forces Korea said Tuesday.
U.S. urges N. Korea to cease tension-raising actionsThe United States urged North Korea on Tuesday to halt any action that increases the "risk of conflict" after patrol boats from South and North Korea briefly exchanged fire near their tense Yellow Sea border.2014/10/08 08:38
IMF retains S. Korea's 2014 growth target at 3.7 pct The International Monetary Fund (IMF) kept its growth estimate for South Korea's economy at 3.7 percent for 2014 on Tuesday while predicting Asia's fourth-largest economy will expand 4 percent next year.2014/10/08 08:33
U.S. cites Sewol aide's deportation as good example of cooperation The deportation of a South Korean woman wanted on suspicion of corruption is a good example of how American immigration authorities cooperate with partners around the world, the U.S. immigration agency said Tuesday. 2014/10/08 01:00
N. Korean leader absent from national meeting for his late fatherNorth Korea held a national meeting Tuesday to mark the 17th anniversary of late leader Kim Jong-il's election as general secretary of the Workers' Party of Korea (WPK). 2014/10/07 21:49---------------------------------------------
The Korea Herald (http://www.koreaherald.com)
Allies eye new missile defense in S.KoreaSeoul’s Defense Minister Han Min-koo on Tuesday offered a positive view of Washington’s possible deployment of an adva...
Korea’s trade fire after N.K. ship violates NLLSouth and North Korean patrol ships traded fire in the West Sea on Tuesday morning after a Nort...
Mobile glut slashes Samsung Electronics earningsSamsung Electronics estimated its third-quarter operating profit will fall significantly as the...
Korea, Ivory Coast agree to boost economic cooperationThe leaders of South Korea and Ivory Coast on Tuesday agreed to expand cooperation on the econo...
Nobel shows importance of locationGenerations of scientists have pored over a seemingly basic but ultimately complex skill: how ar...
Abe must accept historyIs Japanese Prime Minister Shinzo Abe sincere about his wish to hold a summit with President...
Bumpy path guaranteedThe unexpected visit by a high-ranking North Korean delegation on Saturday may have paved th... U.N. forum to discuss DMZ biodiversityThe United Nations biodiversity conference underway in Pyeongchang, Gangwon Province, is set to...
Sewol sinking documentary screened in Busan despite controversyA controversial documentary that deals with the April 16 sinking of the Sewol ferry, which clai...----------------------------------
The Korea Times (http://www.koreatimes.co.kr)
Samsung's profits down significantly Samsung Electronics estimated its operating profit at 4.1 trillion won for the July-September quarter, a 60-percent drop from 10.2 trillion won a year earlier, on weaker smartphone margins. This is the first time in more than th... Key Sewol figure put into custody A fugitive aide to Yoo Byung-eun, the late owner of the sunken ferry Sewol, was deported from the United States and arrested upon arrival in Korea, Tuesday. Kim Hye-kyung, 52, CEO of Korea Pharmaceuticals and one of the confidan...'Kim appears to be on northern outskirt of Pyongyang' Defense Minister Han Min-koo said Tuesday that North Korean leader Kim Jong-un is believed to be a...
Gov't turns blind eye to UN finding Ending a week-long investigation, visiting U.N. special rapporteur Mutuma Ruteere said, "There are...
Is CHA overspending on new museum? The nation's central agency for managing traditional heritage has just spent almost 15 billion won...
Seoul mayor vows 'participatory' management Seoul Mayor Park Won-soon vowed Tuesday to be the “people’s mayor,” and said that more citizens wi...
Cheong Wa Dae poor in handling NK delegates Cheong Wa Dae appears to have been clumsy in its handling of a surprise visit by a high-powered North Korean delegation Saturday.
'NK trip to South no surprise to Washington' The weekend visit to the South by a group of three top North Korean officials might not have come ...-----------------------------------
Dong A (http://english.donga.com)
N.K.’s patrol boat violates NLL, exchanges fire with S.K. Navy A patrol boat of the North Korean military violated the Northern Limit Line near Yeonpyeong Island in the Yellow Sea, before retreating in the face of warning shots from the South Korean military on Tuesday. Exchange of... 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... Samsung Heavy Industries wins $440 mln ice-breaker order Samsung Heavy Industries said Tuesday that it received an order of 440 million U.S. dollars to build three ice-breaking oil tankers from a European shipping firm . It is the second oil tanker contract signed this year...
Seo Tae-ji’s new song creates a stir over interpretation “People say when you read the lyrics backwards, you feel the pain of the era of Sogyeokdong. What does it mean?” (A question from Naver’s Knowledge iN, a portal’ question and answer platform) The interpretation of the... Dodgers loses 1-3 to Cardinals despite Ryu’s quality pitching
Abe’s aide suggests nullifying Kono Statement with a new one
Armed traffic police to move to emergency mobilization
Friendly baseball rivals could contend for trophy in Japan series----------------------------------------------
Chosun Ilbo (http://english.chosun.com)
Chinese Tourists Boost Consumption in KoreaSurging numbers of Chinese tourists are changing the landscape of major commercial districts in Korea as shops and other businesses rush to cater to their demands. This plays a significant role in keeping the economy buoyant. >> Full TextChinese Are Korea's Biggest Foreign Credit Card Spenders
Scores of N.Koreans Falsely Seek Asylum in 3rd CountriesAt least 112 North Korean defectors have applied for asylum abroad over the past five years without telling the authorities there that they already had South Korean citizenship, according to data. >> Full TextNumber of N.Korean Defectors Exceeds 20,000
Koreans Still Addicted to Global Luxury LabelsWell-off Koreans have failed to beat their addiction to global bling despite the recession, with Louis Vuitton handbags and Tag Heuer watches still high on the list of must-have accessories. A total of 33,897 Louis Vuitton handbags were reported to customs by Korean tourists returning from trips abroad. >> Full TextMCM Handbags Top List of Fakes Seized in Korea
N.Korean Press Low-Key in Reporting Visit to S.Korea
Hundreds Charged as Ferry Disaster Probe Wraps Up
Cross-Border Thaw Hopes Buoy Hyundai Shares
Corporate Gravy Train for Ex-Gov't Officials Rolls On-------------------------------------------
Hankyoreh (http://english.hani.co.kr)
Pres. Park offers surprisingly positive assessment of NK officials’ visit Though more dialogue has been suggested, Park administration’s standard position on N. Korea remains unchanged President Park Geun-hye hinted at her hopes for improved inter-Korean relations with favorable remarks about a recent visit by a senior delegation from Pyongyang during an Oct. 6 senior secretaries’ meeting at the Blue House.
More and more S. Koreans going into “cyber exile”“Welcome to exile.”It’s become a common greeting for the South Korean “cyber-exiles” who have recently defected to the German messaging service Telegram due to social media censorship concerns. The wry welcome reflects a feature the service shares with other mobile messengers: a message that goes out to already subscribed contacts about the new sign-up.
K-Pop needs a sense of “authenticity”“K-Pop is packaged too perfectly. This is both its greatest strength and its greatest weakness. It could come across as fake to Americans. It needs authenticity.”Janice Min, who is in charge of music magazine Billboard and entertainment journal the Hollywood Reporter as Creative Officer for Guggenheim Digital Media’s entertainment,
Samsung to build world’s largest semiconductor plantSamsung Electronics is gearing up to build the world’s largest high-tech semiconductor plant in Pyeongtaek, Gyeonggi Province.The company announced on Oct. 6 that it had decided to invest 15.6 trillion won (US$14.63 billion) in the first stage of the construction of a state-of-the-art semiconductor assembly line in the Godeok Industrial Complex in Pyeongtaek.-----------------------------------------------
Joong Ang (conservative): (http://koreajoongangdaily.joinsmsn.com/)
Samsung profit plunges to 4.1 trillion won in Q3The easy days of runaway smartphone sales have ended for Samsung Electronics.For the first time since 2011, Samsung Electronics’ operating profit has plunged below the 5 trillion won mark as the company was hit by sluggish sales of its mobile phones due to competition from longtime rival Apple and… .
Dozens of shots exchanged at NLLNorth and South Korea exchanged fire yesterday morning in the Yellow Sea for the first time in five years after a North Korean vessel violated the Northern Limit Line…
National day care hangs in balanceAn association of education office chiefs said yesterday that the organization will not pay for the nationwide day care program next year, …
Military promotions announced following delayThe Defense Ministry late yesterday unveiled the list of some 100 high-ranking officials in the Army, Navy and Armed Forces who were promoted in a storied general-level…
Bickering marks start of parliamentary auditRuling and opposition lawmakers on the parliamentary Environment and Labor Committee traded barbs on the first day of the Assembly’s audit over the opposition’s push…
Postech No. 1 in ’14 college rankingsPohang University of Science and Technology (Postech) took the No. 1 spot in the 2014 college rankings unveiled on Monday by the JoongAng Ilbo…-------------------------------
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 ... ----------------------------------------------
Maeil Kyungje (neutral-oriented conservative, economic/business): (http://news.mk.co.kr/english/)
Samsung puts third quarter profit at $3.8bn
In a preliminary estimate on Tuesday, the world’s biggest electronics group said sales for the three months to September would be about 47 trillion won ($44 billion) and operating profit 4.1 trillion won. Its operating profit margin would stand at 8.7 percent. Samsung’s sales would be the lowest unseen since the third quarter of 2011 while operating profit would tumble to a three-year low since the second quarter of 2011.
Jeonse deposit in Gangbuk district approaches $655,0..
Seoul-Pyongyang relations come across watershed
Artifact market comes back to life
PEF taking over small family businesses..
Banks poised to pursue relationship ban..
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.)-------------------------------------------------
Invitation to Insanga Health Promotion Estate and Bamboo Salt InstituteYour Excellency:
At this time, I would like to inform Your Excellency that we have a very good tour to Hamyang County and I take the liberty of presenting the invitation.It is a tour where the invited ambassadors could 'bathe in oxygen' to cleanse our body to replace the ill effects of the bad air in Seoul with the oxygen filled air of the forests of Hamyang.This is an invitation cordially extended to Your Excellency by Mayor Im Chang-ho of Hamyang County and Chairman Kim Yun-se of Insanga Health Promotion Estate Center to the Tour of the Insanga Health Promotion Estate in Hamyang County (206 miles south of Seoul) on Wednesday 15 to Thursday 16 of October 2014 in a 1-night-2-day tour.The Insanga Health Promotion Estate has traditional Korean health promotion facilities exclusively reserved for very, very important persons, and is also noted for the production of famed Korean Bamboo Salt made from naturally dried salt farm and bamboo canes. Insanga is the only place in Korea that produces Bamboo Salt and operates a Traditional Health Promotion Center.For a glympse into the Estate, please visit: /news/view.html?section=160&category=179&no=675.Details and schedule of the tour are as follows:Name of Tour: Tour of Insanga Health Promotion Center and Bamboo Salt PlantVenue: Insanga Health Promotion Estate, Hamyang County, Gyeongsangnam-doTime/Date: Wednesday 15 to Thursday16, October 2014 (1-night-2-day tour)DAY ONE: 0830 hours, Weds. 15 October. 2014: Meet at Grand Hyatt (Water Fountain)0830-1230 hours: Move from Seoul to Insanga Health Promotion Center in Hamyang County.1230-1400 hours: Welcome ceremony and luncheon hosted by Mayor Im and Chairman Kim.1400-1430 hours: Check in at Insanga Guest House.1430-1830 hours: Tour Bamboo Salt plant, walk in Health Forest, visit Health Center.1830-1930 hours: Attend dinner hosted by the Mayor and Chairman.2020-2110 hours: View traditional court music, experience tea ceremony.DAY TWO: 0720-0800 Hours: Take an 'Oxygen' Tour inside Health Center0800-0900 hours: Breakfast at Guest House.0900-1045 hours: Visit Byeoksong-sa Buddhist Temple and Seoams-sa temple1045-1200 hours: Tea break at Jiri Mountain Lodge, visit Jiri Mountain Observation Tower.1200-1330 hours: Attend luncheon at Guest House.1330-1800 hours: Move back to Seoul, arriving at Grand Hyatt at 6 p.m.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 phones2298-1745/6.