Nov. 28 2014
The Korean daily media headlines and humor
Friday November 28, 2014
Your Excellency:
Here are a roundup of important headlines from all major Korean-language dailies, TV and other news media this morning:
/s/
Lee Kyung-sik
Publisher-Chairman
Korea Post Media
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The Korea Post news
Samsung, Hanwha strike win-win ‘big deal’ to select and concentrate
Posing a clear distinction from involuntary conglomerate restructuring in 1997
Korea’s top business conglomerate, Samsung Business Group, has struck a ‘big deal’ with Hanwha Business Group, and sold four of its affiliate companies to Hanwha for 1.9 trillion won (US$1.73 billion). The four companies are Samsung General Chemicals, Samsung Techwin, Samsung Thales and Samsung Total Chemicals. The total assets of the four companies are estimated at some 13 trillion (US$11.8 billion). It is the most significant ‘big deal’ that took place among the big businesses for the first time since the painful foreign exchange crisis of the 1997 when such large-scale merger-acquisition deals occurred among five big conglomerates and other lesser-scale companies.
More: /news/view.html?section=159&category=173&no=727
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KBS (http://world.kbs.co.kr/english/news/)
Rival Camps Agree to Review Cigarette Tax Bill First
Deputy floor leaders of rival camps agreed to hold a parliamentary standing committee to discuss the cigarette tax hike bill first as part of the 2015 budget...
S. Korea-Hungary Summit to Open Friday
Hungarian Prime Minister Viktor Orb?n is visiting South Korea at the invitation of President Park Geun-hye with the two leaders set to hold a summit in Seoul on Friday.
Korea's Traditional Music "Nong-ak" Makes UNESCO List
Korea's traditional music that was originally performed by farmers, known as “nong-ak, has been added to the Representative List of the UNESCO Intangible Cultural Heritage of Humanity.
Hungarian PM Meets S. Korean Biz Leaders
Business Community Says S. Korean Economy Faces Serious Crisis
Groundbreaking Ceremony for Legoland Korea to Take Place Fri.
Tokyo Shimbun: N. Korea Issues New Economic Reform Policy
Kim Jong-un's Younger Sister Confirmed to be "Deputy Director" of Workers' Party
Ferguson Riots Continue, Korean Shop Owners on Alert
First Trial on Ex-Sankei Bureau Chief Held
F-15K Pilot Goh Wins 2014 Top Gun Title
Military Verifies Operation Capabilitiy of Latest Jang Bogo II Submarine
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Yonhap (http://english.yonhapnews.co.kr)
UNESCO lists 'nongak' as intangible cultural heritage
UNESCO on Thursday added "nongak", traditional Korean music performed by farmers, to its intangible cultural heritage list for its creativity and cultural identity, the government said.
S. Korea's industrial output shrinks in Oct.
South Korea's industrial output shrank in October from a month earlier, affected by sluggish activities in the manufacturing sector, a government report showed Friday.2014/11/28 08:21
S. Korean manufacturers' confidence up for Dec.: poll
Business sentiment among South Korean manufacturers remained in negative territory for December but posted a small improvement compared with the outlook for this month, a poll showed Friday. 2014/11/28 06:00
Expert calls for PR strategies for Korea-US nuclear energy deal
South Korea and the United States should come up with good PR strategies for an envisioned nuclear energy cooperation deal to pre-empt any misunderstanding of an issue that is seen as carrying highly symbolic meaning for their alliance, a U.S. expert said. 2014/11/28 03:31
Parties agree to discuss tobacco taxes amid budget row
Rival political parties agreed Thursday to immediately begin discussions on a government proposal to raise cigarette prices amid a parliamentary impasse over free child care services for young children. 2014/11/27 16:16
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The Korea Herald (http://www.koreaherald.com)
LG Group reshuffles key executives
LG Group, the nation’s fourth-largest conglomerate, said Thursday that it had conducted its annual executive reshuffle ...
Sankei’s ex-Seoul head denies charges of defaming Park
Sankei Shimbun’s former Seoul bureau chief Tatsuya Kato on Thursday denied having had any inte...
Park goes overboard in use of ‘scary’ metaphors
South Korean President Park Geun-hye used to say that a leader should deliver messages in a cla...
Food for thought, thoughts on design offered at Herald market
The Herald Design Market on Thursday welcomed visitors with an array of snazzy snacks, one-bite...
N.K. leader’s sister granted official post
North Korea revealed the job title of Kim Yo-jong, the younger sister of its leader Kim Jong-un, on Thurs...
Welcome to the 21st cent...
Samsung Group has decided on a path that allows it to focus on its core businesses with the ...
Plight of security guard...
An apartment complex in the wealthy neighborhood of Apgujeong-dong in Seoul has apparently g...
Gong shares journey of faith
Best-selling novelist Gong Ji-young, who has openly discussed themes including dictatorship, fe...
Joy of Nongak is all in the playing
Having lived in Korea for more than a decade now, Sam Hammington has had several encounters wit...
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The Korea Times (http://www.koreatimes.co.kr)
Kim Jong-un's sister emerges as key figure in N. Korea
The younger sister of North Korean leader Kim Jong-un has emerged as a key figure in the repressive nation’s regime after being appointed deputy director of the North’s ruling Workers’ Party. Pyongyang’s official mouthpiece, the... Unions to go on offensive next year Labor strife is expected to worsen next year as the result of the gloomy business outlook and the government’s move to make it easier to lay off permanent workers. The Federation of Korean Trade Unions (FKTU) and the Korean Conf...
Leadership change in full swing at Samsung, Hanwha
The so-called big deal between Samsung and Hanwha Group is evidence of a leadership changeover from fathers to sons at the two chaebol.
LG names salesman as mobile chief
LG Electronics named Cho Juno as chief of its mobile business Thursday in a move to increase smart...
Parties kick off review of 2015 budget proposal
The main opposition New Politics Alliance for Democracy (NPAD) ended a boycott Thursday and joined...
PR activist posts animation advertisement denouncing Abe
A Korean public relations expert Thursday posted an animated video on his Facebook page condemning Japanese Prime Minister Shinjo Abe for continuously denying...
SNU professor resigns amid sexual harassment accusations
Seoul National University (SNU) Professor Kang Seok-jin has offered his resignation following alle...
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Dong A (http://english.donga.com)
Samsung to sell its four operations to Hanwha
Samsung Group has decided to sell its four affiliates including a chemical and defense operation to the Hanwha Group, which will be the largest M&A deal since the 1998 Asian financial crisis. The decision is meaningful...
Messi breaks Champions League goal-scoring record
FC Barcelona`s Lionel Messi rejoices with teammate Pedro Rodriguez after scoring a goal in the 87th minute in a Group F match against Apoel in Nicosia, Cyprus on Tuesday (local time). ...
Park urges ‘to knock on door of creative economy without fear`
President Park Geun-hye said on Thursday, “In order for the world to escape from the lethargic situation of slow growth, it should discover a new growth engine,” adding, “The answer is none other than creative economy,...
Seeking a breakthrough using new elements and actors
Korea’s terrestrial TV drama market is coming up with a wide variety of alternatives to recover from its slump, but there are still no noticeable effects. To deal with what is pointed out as the greatest problem,...
Black Friday boycott by African Americans in support of Ferguson
While the protest across the U.S. has been subsiding by St. Louis county grand jury‘s decision not to indict Ferguson Police Officer Darren Wilson, the African-American community seems to make a collective movement in...
Hungarian prime minister’s visit to Second Lotte World
Kim Yo Jong named `deputy director of party’s committee
Lionel Messi breaks all-time Champions League goal-scoring record
Beijing clothing shop refuses to accept Chinese shoppers
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Chosun Ilbo (http://english.chosun.com)
Samsung's Big Deal with Hanwha Signals New Lean Era
The Samsung Group's decision to sell off its petrochemical and defense subsidiaries to Hanwha signals the start of a new leaner era under conglomerate heir Lee Jae-yong, industry watchers believe. >> Full Text
COEX Mall Reopens After 2-Year Facelift
The COEX Mall in Gangnam reopens on Thursday after almost two years of renovations. The remodeled mall is supposed to offer more family-oriented service and entertainment facilities and wider walkways. The total area of the mall increased from 132,000 sq.m to 154,000 sq.m. >> Full Text
Express Subway to Link Gangnam to Incheon Airport
An express subway will finally link Gangnam, Yeouido and Incheon International Airport when it is completed in two or three years. The Ministry of Land, Infrastructure and Transport will meet with KORAIL Airport Railroad on Thursday. >> Full Text
More Women Quit Work to Care for Children
$285,000 Range Rover Goes on Sale in Korea
Korean Medics to Leave for Ebola-Hit Africa Next Month
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