The Korean daily media headlines and humor
The Korean daily media headlines and humor
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  • 승인 2015.04.16 00:00
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April 16, 2015

The Korean daily media headlines and humor

Thursday, April 16, 2015

Your Excellency:

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

Lee Kyung-sik


Korea Post Media

P.S.: 1. To see the desired site, press down the Control key and click the blue URL of the media.

2. If received by a person other than the intended recipient, please kindly convey the mail to His/Her Excellency.


The Korea Post news:

At Ansan Culture Plaza on May 1-3, 2015

Ansan City hosts International Street Drama Festival

The Ansan City, some 26 miles southwest of Seoul, hosts the 2015 Ansan International Street Drama Festival (AISDF) at the Ansan Culture Plaza on May 1-3, 2015 in a three-day run on the theme of ‘City in Action!’ which is also a slogan for the event.

A total of 61 works will be presented during the Festival, namely 48 from Korea and 13 from nine foreign countries.

The AISDF poses a substantial contrast with conventional street drama festivals in the fact that it attempts to produce new works created through a harmonious merger between the intrinsic artistic value of the street dramas and regional features of Ansan.

Among the 12 official entries are six Korean works and the remaining six entries from a number of different countries, namely France, Australia, the Netherlands and Portugal.

The Korean works consist of (1) AnNyeong (literally, “Hi!”) created by Creative Group NoNI, (2) Falling As I Lean Against the Wall, (3) Living The Good Life by Ambiguous Dance Company, (4) Pyro Art Work by HWARANG Art Pyrotechnics (5) ‘Donkey Shadow Trial’ by Art-Factory Comma And and (6) Tempest by THEATRE HADDANGSE. Among the six Korean works, the opening work is AnNyeong.

Among the foreign works, the opening entry is one from France named Envolee created by Aerosculpture Group. Others include the Megaphone Project by the Megaphone Project from Australia, The Poet on the Street from the Netherlands and the Remaining People from Portugal.

Ambassadors and Madams are invited to attend the opening ceremony on May 1, 2015. For our possible transmission failures, please call Tel 2298-1740/2, 010-5201-1740 or send an email to or

For further details, please visit /news/view.html?section=161&category=181&no=898.

A scene from Envolee created by Aerosculpture Group of France.


The Korea Post notice:

Are you planning to publish an English and Korean pamphlet or brochure? Contact The Korea Post Publishing Team (Tel 2298-1740/2, 010-5201-1740 or for the most competitive price and the best quality of the work.


Today’s humor:

Hankuk Kyungje

Woman's Advantage

It’s better to be a woman, because:

-Taxis stop for us.

-Free drinks, free dinners, free movies….

-Men die earlier, so we get to cash in on the life insurance.

-We have enough sense to realize that the easiest way to get out of being lost is to ask for directions.

-If we marry someone 20 years younger, we’re aware that we look like an idiot.

-We know which glass was ours by the lipstick mark.

-We got off the Titanic first.


Top headlines of major news media of Korea this morning:


Park Pledges No Mercy in Combating Corruption

Amid the controversy surrounding the “Sung Woan-jong list” that named many pro-Park Geun-hye politicians, the president stressed that she will not tolerate...

Lawmakers Debate PM's Possible Resignation

PM: Don't Recall Meeting Late Businessman

Opposition Lawmaker to Consider Impeaching PM

Prosecution Summons Close Aides of Sung Woan-jong

Late Businessman Accuses PM of Receiving Illicit Campaign Fund

Opposition Chief Urges PM, Chief of Staff to Resign

S. Korea-Colombia FTA Likely to Take Effect This Year

'Gov't Decides to Salvage Ferry Sewol'

Park Pledges No Mercy in Combating Corruption

KOSPI Continues Northbound

IMF Lowers S. Korea's Economic Growth Outlook for 2015 to 3.3%

N. Korea Applies Wage Surcharge at Gaeseong

Second Batch of Russian Coal to be Transported via Rajin-Khasan Route

Unification Minister: Sanctions Can be Lifted Only if N. Korea Takes Responsible Steps

China to Actively Develop, Use N. Korean Ports to Secure Gateway through East Sea

US Deputy Secretary: 'Profoundly Positive Trajectory' in Seoul-Tokyo Relations

Asiana Rough Landing in Japan Injures Over 20

Teachers' Union Calls for Investigation into Sewol Disaster

Memorial Events Held Ahead of First Anniversary of Sewol Disaster

Gov't to Conduct Check-ups on A320 Pilots

19th-Century Japanese Map Labeled Dokdo as

Japanese Agency Distorts Ancient Korean

Composer of "Our Wish" Dies at 89

Gov't to Foster Private Sector Satellite Development

Satellite Images from Arirang 3A Revealed

S. Korean Scientists Develop World's Best Thermoelectric Alloy

Pyeongchang Committee Forms Overseas Advisory Group

S. Korea Takes Down Russia 2-0 in Women's Football Friendly

S. Korea Defeats Russia in Women's Football Friendly

Park Pledges No Mercy in Combating Corruption

'Gov't Decides to Salvage Ferry Sewol'

S. Korea-Colombia FTA Likely to Take Effect This Year


Yonhap (

Hyundai, Kia post record car sales in Europe in March

Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. said Thursday that they posted record monthly sales in Europe last month on growing demand for their strategic car models targeting local customers.

Credit finance firms' net edges down in 2014

Earnings of South Korea's credit finance firms edged down 3 percent last year from a year earlier on a drop in commission and interest income amid a low rate trend, the financial watchdog said Thursday.

S. Korea to stick to stern position on historical issues with Japan, but seeks cooperation on other issues:

South Korean Vice Foreign Minister Cho Tae-yong said Wednesday Seoul will continue to take a "stern" position on historical issues with Japan while trying to increase cooperation with the neighboring nation on other matters.

USFK commander voices need for THAAD deployment to S. Korea

The U.S. Forces Korea commander on Wednesday voiced the need for deploying the THAAD missile defense system to South Korea, saying it would provide a "layered defense" for American troops and bolster the capabilities of existing systems.

S. Korea to stick to stern position on historical issues w..

Kim Jong-un pays tribute to late founder on anniv..

JCS chief urges readiness against N. Korea provocations

S. Korea rebuffs N. Korea's bid for arrears charge

Hyundai, Kia post record car sales in Europe in March

S. Korean theaters bustling before 'Avengers 2' rel..

Jun Ji-hyun on Elle cover in six Asian countries

Recent incident sparks debate over bas..


The Korea Times (

Jindo revisited

JINDO - The night at Paengmok Harbour is colder than that night one year ago when I was here to cover the Sewol tragedy. I spent a week here then, bearing witness to a kind of carnage that could be seen with the increasing body ...

Scandal feared to bring state affairs to standstill

President Park Geun-hye is losing her grip on the administration of state affairs in the wake of a corruption scandal involving her close aides. The “Sung Woan-jong list” that named high-profile politicians, including Prime Mini...

Sung list overshadows Chung-Ang probe 

As investigations into names on Sung Woan-jong’s “bribery list” continue to draw scrutiny, concerns have been raised that they might overshadow efforts to fin...

Second batch of Siberian coal to arrive in South Korea 

The two Koreas and Russia plan to carry out the second trial run of a joint logistics project from Thursday through May 9, according to the government, Wednes...

Pyongyang blasts Park's suggestion for growth 

North Korea criticized President Park Geun-hye for her suggestion that it follow the path of Hungary in the European country’s transition into a capitalist sy...

Opposition threatens to impeach PM 

The main opposition New Politics Alliance for Democracy (NPAD) threatened to call for the impeachment of embattled Prime Minister Lee Wan-koo if he continues ... 

Governor Hong walking tight rope 

South Gyeongsang Province Governor Hong Joon-pyo is under increasing scrutiny because evidence and...

Galaxy S6, Edge sales seen at over 70 million 

Samsung Electronics mobile chief Shin Jong-kyun said Wednesday he expects the sales of the Galaxy S6 and S6 Edge phones to breach the 70-million mark.

Forex rate may favor Airbus over tanker deal 

The fluctuating exchange rate may affect the defense acquisition agency’s decision on who wins the Air Force contract to deploy four in-flight refueling tanke... 

Samsung SDS aims for 'global 10' by 2020 

Samsung SDS said Wednesday that it aims to become one of the top 10 companies in the world in the ... 


DongA Ilbo (

China Q1 GDP growth dips to 6-year low

China`s economy expanded 7 percent in the first quarter this year, posting its the weakest pace in six years. China has cut interest rates twice since November last year to stimulate its economy, but the latest figure... 

Marking the first anniversary of the ferry disaster

After the bodies of the victims of the Sewol ferry disaster were transferred from Jindo to Mokpo in southwestern Korea and identified, they were moved to the funeral hall in Ansan, Gyeonggi Province. When the bodies...

Parodies of prime minister `box bribery` spread online

In the latest development of the Sung Wan-jong scandal, suspicions are swirling that the late former Keangnam Enterprises chairman gave Prime Minister Lee Wan-koo a "Vita 500 (vitamin supplement drink)" box containing...

Kim Ki-min to become principal dancer at Russia’s Mariinsky Ballet

As soon as I arrived in New York to participate at the Youth America Grand Prix (YAGP) Concourse gala performance, an advisory committee member of Mariinsky Ballet told me, “Ki-min, visit the ballet troupe’s website,...

Is Hillary Clinton’s enemy women?

The Financial Times advised Hillary Clinton who declared running for president for the second time on Sunday in a column titled “Why women are Hillary’s key.” As she cannot win enough votes from women with a vague...

Korean men’s ice hockey team gets off a good start

Korean national men’s ice hockey team was degraded to Group B after it lost all five games at the 2014 International Ice Hockey Federation (IIHF) Ice Hockey World Championship Division 1 Group A held in Goyang, Gyeonggi...

Controversies over N. Korean leader’s call for ‘highest-level’ talks 

Ki Sung-yueng, Son Heung-min as promising Korean soccer players 

New year’s wishes change over time 

Samsung’s mobile phone beats Apple to top ACSI 

Actor Lee Jung-jae reported to be in a relationship with Daesang heiress 

N. Korean leader shows willingness to hold inter-Korean summit 

U.S. military base in Yongsan bans civilian drones, model aircrafts 

Japanese police on 14-year manhunt for cruel murderer


Chosun Ilbo (

Shorter Work Hours Could Create Jobs, Study Shows

Shortening work hours could have the effect of creating up to 150,000 jobs over the next six to seven years, according to a study by the Labor Ministry. The ministry studied 23 companies to find out the most effective way of creating jobs. >> Full Text

Cops Get Thank-You Cards from U.S. Envoy

Police officers Ryu Jae-hoon and Kim Kyung-ho each received a personal thank-you card from U.S. Ambassador Mark Lippert for helping him. "Your quick and decisive action in transporting me to Gangbuk Samsung Hospital helped to prevent what could have been a far worse scenario," Lippert wrote. >> Full Text

Koreans Prefer KakaoStory to Facebook

Photo-sharing service KakaoStory was the most popular social media here, a survey reveals. According to a survey of 9,381 people conducted by Hankook Research and released Tuesday, over half or 51.8 percent of respondents said they used KakaoStory most frequently over the last month. >> Full Text

China Invites Kim Jong-un to Victory Day Parade

Asiana Plane Skids Off Runway in Hiroshima

Travel Ban Lifted on Japanese Reporter in Slander Case

IMF Slashes Growth Forecast for Korea to 3.3%

BMW, Mercedes Top W2 Trillion in Sales in Korea

Korea Well Placed in 2nd Round of World Cup Qualifiers


Hankyoreh Shinmoon (

Embroiled in scandal, Pres. Park set to leave for Latin America

Timing of Park’s trip abroad has been criticized for it also coming on the anniversary of the Sewol disaster

With a list left by Sung Wan-jong causing the greatest crisis that Park Geun-hye has faced since being inaugurated as president, her plans to leave the country on Apr. 16 on a tour of four countries in Central and South America is expected to deal another blow to the current administration.

Families Sewol missing still await their loved ones’ return one year later

Park Eun-mi made her way back down to Paengmok Port on Apr. 11. It was one year since the Sewol ferry sank in the waters off Jindo in South Jeolla Province, and the 45-year-old mother wanted to be as close as she could to her daughter Heo Da-yoon, a second year student from Danwon High School who has yet to be recovered from the vessel. In the evening, Park lies down in a container box set up at the harbor. As thoughts of Da-yoon come to her, she looks, tears streaming, .

[Reporter’s notebook] The ministry’s tall tales about North Korean military spending

At around 3pm on Apr. 14, an official at the Ministry of National Defense showed up unexpectedly at its press room carrying a document on the scale of military spending by South and North Korea. The additional details were provided by way of explaining a statement given earlier that morning at the National Assembly by Defense Minister Han Min-koo, who had said North Korea’s yearly expenditures were “believed to be in excess of US$10 billion.” .

Seoul lifts travel ban on Japanese journalist accused of defaming Pres. Park

On Apr. 14, the South Korean Ministry of Justice lifted the travel ban on Tatsuya Kato, 49, the former Seoul bureau chief for Japanese newspaper the Sankei Shimbun. Kato is charged with defamation for writing a column raising questions about what President Park Geun-hye was doing on the day of the Sewol tragedy (April 16, 2014).Sources say that Seoul’s decision to let Kato return home took the Japanese government by complete surprise. There is also speculation that this may be a diplomatic ge .

Report: S. Korea could be headed for Japan-style long-term economic downturn

A decline in the productive population and high rates of household debt may leave the South Korean economy suffering a long-term slump like Japan’s, according to a report by a state-run think tank. The report, titled “Examining the Possibility of a Japanese-Style Long-Term Downturn for the South Korean Economy,” was published on Apr. 13 by Kang Doo-yong, a senior researcher at the Korea Institute for Industrial Economics and Trade (KIET). .

Seoul issued strong condemnation of attack on South Korea embassy in Libya

The South Korean government issued a statement on Apr. 13 denouncing an attack on its embassy in the Libyan capital of Tripoli the day before by armed assailants claiming affiliation with the militant fundamentalist group Islamic State (IS).Seoul also announced efforts were under way on response measures in the wake of the attack."We strongly denounce the armed attack on the security checkpoint at our embassy in Libya, .

‘Week-to-week’ workers stuck wondering if they can pay their rent

“If I have to describe myself, I guess I’m a part-time ‘week laborer.’ I work in week-to-week units, and that’s how much I get paid.”The 27-year-old “rider,” identified by his surname Seo, likened his part-time delivery job at McDonald’s to day labor in weekly units. Last month, he worked 23 hours the first week, 38 hours the second, and 34 the third, only to see his hours drop back down to 21 the fourth week. The store when he works assigns its hours in weekly units. .

Seoul getting its first-ever vertical farm

Seoul is about to see its first vertical farm, which is an eco-friendly agricultural production system inside inner-city high-rises, in which environmental conditions such as light, temperature, humidity, and CO2 density are all automatically controlled to enable plants to be cultivated regardless of the season. What is particularly interesting is that this vertical farm will be set up in a building in a redeveloped apartment complex in Seoul that is being donated as contributed acceptance .

One year later, tears of the Sewol tragedy still haven’t dried

Gwanghwamun Square in central Seoul was a sea of tears once again on April 2. Family members of victims and survivors in last year’s Sewol ferry sinking were back in the streets, weeping as they shaved their heads. It was part of a collective protest to demand the scrapping of the administration’s enforcement decree for a special committee to investigate the tragedy, which took place almost one year ago on April 16. .

In desperate final days, Kaengnam chairman reached out to Blue House and ruling party heavyweights

Shortly before taking his own life on Apr. 9, Sung Wan-jong, former chairman of Keangnam Enterprises, made desperate calls for help, complaining of the injustice and unfairness of the prosecutors’ investigation and reaching out to the Blue House and the leadership of the ruling Saenuri Party (NFP).Thus far, a total of five figures in the Saenuri Party have said they received phone calls from Sung: party leader Kim Moo-sung; Suh Cheong-won, the senior member of the pro-Park faction of the party and a member of the party’s supreme council; current Blue House Chief of Staff Lee Byung-kee; former Chief of Staff Kim Ki-choon and Prime Minister Lee Wan-koo. .

US and Japan pushing for closer military cooperation with South Korea

The US and Japan are continuing their open courtship of South Korea as they try to strengthen military ties between the three countries. Last week, US Secretary of Defense Ashton Carter emphasized the importance of trilateral military cooperation during consecutive visits to South Korea and Japan. Now, Japan is expected to ask South Korea to sign an acquisition and cross-servicing agreement (ACSA), which would enable the military authorities of the two countries to loan each other fuel, ammunition, and other military supplies. .

More high-tech imports from China penetrating the South Korean market

The penetration rate for Chinese imports in the South Korean market is growing in high-tech areas such as semiconductors and computers, a recent research study shows. It has been pointed out that countermeasures against a likely decline in the positive balance of trade with China will be needed once the South Korea-China Free Trade Agreement goes into effect. .

North Korean real estate market: sustained boom, or bubble?

“They say there are apartments in Pyongyang selling for US$200,000.” Jung Eun-yi, a research professor at Gyeongsang National University, was talking about how rapidly housing prices in North Korea have been rising. Jung had just returned from spending January and February in Dandong, China, where she had been tracking trends in the North Korean housing market. In July 2014, the highest price for an apartment in Pyongyang that heard about in Dandong had been US$100,000. .

[News analysis] Why is the US taking Japan’s side on historical issues?

It was early this year that the US first started taking Japan’s side in its historical conflicts with South Korea. When Prime Minister Shinzo Abe announced at a New Year’s press conference in early January that he would be including reflection on war and ways of contributing to Asia and the world in a statement by Abe to be produced in August, the US praised it as a “constructive” move. .

[News analysis] Seoul failing to break out of its diplomatic dilemma

South Korea is finding itself caught in a two-pronged diplomatic dilemma. Already faced with a difficult balance between the US and China on the issue of a Terminal High Altitude Area Defense (THAAD) missile defense deployment, Seoul is now wedged in an awkward position in its trilateral relationship with an increasingly tight-knit Washington and Tokyo. Its failure to come up with a way out has many now accusing it of a diplomatic failure.


JoongAng Ilbo (conservative): (

Sewol keeps casting a shadow

On first anniversary, Koreans don’t feel any closure - or any safer

Last April 16, a ferry called the Sewol was on its way to Jeju Island from Incheon with 476 people on board, mostly high school juniors on a school trip. After a sudden turn off the southeastern coast, the ship listed and then drifted in the sea for nearly three hours...

Calls for PM to resign spread to ruling party

The fate of Prime Minister Lee Wan-koo hung in the balance on Wednesday as the opposition party completed a legal review to push forward…

Asiana flight lands short of Hiroshima runway

An Asiana Airline jetliner landed short of the runway at Hiroshima Airport in western Japan Tuesday night, leaving 18 people with minor injuries…

Rentals more popular than jeonse

More than half of the country’s tenants now pay their rent month-to-month rather through a lump-sum deposit, or jeonse,…

New hires see smallest monthly rise in 2 years

The number of newly hired employees last month accounted for the smallest increase in nearly two years, according to the latest data. In March,…

Trade minister calls on companies to produce less abroad, more at home

The government has been ramping up its support for the export industry as outbound shipments this year have been struggling with depreciation of foreign currencies…

Saenuri veteran keeps silence on bribery scandal

South Gyeongsang Governor Hong Joon-pyo, one of the Saenuri veterans embroiled in a far-reaching bribery scandal impacting both the administration…

Rajin-Khasan project to start its second trial run

A second trial run in a three-party trade project involving Seoul, Pyongyang and Moscow that will transport more than 100,000 tons of soft coal from…

North’s effort to collect arrears charge is ignored

The South Korean government has said that it will not pay an arrears charge for March wages for the 54,000 North Korean workers at the Kaesong Industrial Complex,…

Financial groups weather 2014Eight financial holding companies showed improved fiscal soundness and assets in 2014 during a time of questions over the effectiveness of the group system adopted in 2000.…

Kogas uses air to raise concrete LNG tank roof

Korea Gas Corp. (Kogas) said Wednesday it has succeeded in putting a roof over the world’s first and largest liquefied natural gas (LNG)…

Market rallies, especially Samsung units

The benchmark Kospi closed up 0.39 percent on Wednesday at 2,119.96 after a buying spree by foreign investors. Foreign investors net purchased 322.4 billion won…

Samsung SDS shifts business focus

Marking the 30th anniversary of its launch, Samsung SDS is shifting its corporate structure towards IT service for the manufacturing and logistics industries.…


Maeil Kyungje (neutral-oriented conservative, economic/business): (

Department stores to have ‘no margin sale’ in 14 years

South Korean department stores grappling with flagging consumption have come up with an extreme measure to weather hard times. Following the largest-scale spring regu.. ...04.15 18:00

Park says will not condone those responsible for corruption

“I won’t condone anyone involved in corruption,” President Park Geun-hye noted Wednesday with regards to the ‘bribery list’ left behind by a deceased businessman .. ...04.15 17:53

PM under siege over alleged bribery

Prime minister Lee Wan-koo is in hot water as pressure is mounting on him to resign Wednesday. During a parliamentary session held on the previous day, the beleaguer.. ...04.15 17:50

Honorary journalist’s report: Social robot

MERO-S is a leading social robot in South Korea. The robot developed by KIST Robotics and Media Institute researchers led by Dr. Kim Moon-sang looks close to an all-in.. ...04.15 17:10


55% of those switching to farming have more than 1 year of preparation per..

Those who decided to switch their career to a farmer shifted their lives to rural areas after a thorough preparation period and they have yet to be sure of their succe.. ...04.15 17:09

126-member economic delegation to accompany Park’s visit to South America

The largest-ever business delegation is expected to accompany President Park Geun-hye in her business trip to four South American nations. The Ministry of Trade, Indus.. ...04.15 15:31

S. Korea’s retail giants to face off in rental market

South Korean big retailers are poised to wage a battle in the rental market for consumer goods once again following the duty-free shop business. After Lotte took over.. ...04.15 14:26

Non-farm payrolls rise by 338,000 workers in March

South Korea’s non-farm payrolls grew at the lowest pace in 22 months in March this year. According to the ‘employment trend of March’ released by the Statistics Ko.. ...04.15 11:08

Education ministry to provide up to $27 mn aid for university structural r..

“If universities make adjustments of the number of students in each department to reflect industry demand, we would provide them with a financial assistance of up to .. ...04.15 10:47

Evolution of smartphone cameras

With smartphone penetration surpassing 70 percent, phone camera functions are merging as a key factor for purchasing. As such, smartphone manufacturers are devoting al.. ...04.14 18:07


The Kyunghyang Shinmoon (

[One Year after the Sewol - Insensitiveness] Even Afterwards, the Country Was Nowhere to Be Seen

At Paengmok Port in Jindo-gun, South Jeolla Province, there is a banner with the words, "Where Was the Country?" It isn't just the frustration of the familie···

[Editorial] Outrageous Remark for "Search and Seizure of Kyunghyang Shinmun" Made by a Ruling Party Lawmaker

Saenuri Party lawmaker Kweon Seong-dong's statement about a search and seizure of the Kyunghyang Shinmun is indeed absurd. During an interpellation session at ···

[One Year after the Sewol: Anger] Government Talks of Money, but Not the Truth

At midnight on April 8, Gwanghwamun Square in Seoul was noisy with the sound of the speeding cars. But silence passed at one side of the square where the gaze o···

[Editorial] Kim Moo-sung's Cowardly Attempt to Distract the Public with an 'Investigation on Presidential Election Funds'

As the scandal of the Sung Wan-jong list spreads to an issue concerning Park Geun-hye's election funds in the 2012 presidential election, Saenuri Party leader ···

A Special Investigation Team for the Sung Wan-jong List: President Park Orders Strict Actions Leaving 'No Sanctuary'

The Prosecutors' Office has launched a formal investigation into the allegations that Sung Wan-jong, former chairman of Kyungnam bribed politicians. The invest···

[Editorial] The Determination to Improve Inter-Korean Relations Is More Important Than the President's Trip to Russia

President Park Geun-hye decided not to attend a ceremony celebrating the seventieth anniversary of Russia's victory in World War II, scheduled to be held on Ma···

[1 Year after the Sewol: Memories] When I See the Cherry Blossoms, I Feel like My Friends Will Come Asking to Take Pictures

* The Students Now in Their Senior Year * Cherry blossoms are everywhere, just like a year ago. The children go through life as an average high school senior, ···

Prime Minister Lee Wan-koo, 'Japan's Distortion of History Is Denying Our National Spirit'

Prime Minister Lee Wan-koo, 65, gathered the press for an unscheduled press conference on April 9 and strongly condemned the Japanese Agency for Cultural Affair···


The Korea Economic Daily (

IMF Lowers Growth Outlook for Korea

The International Monetary Fund lowered its GDP growth outlook for Korea, following its earlier downward revision in February. In its Global Economic Outlook report issued on April 14, the IMF lowered its growth outlook for the Korean economy to 3.3 percent from the previous 3.7 percent. This revision cam...

Samsung Electronics Mass-produces Ultra-small SSD, First in the World

Samsung Electronics is set to start the mass-production of NVMe solid state drive (SSD)which has an ultra-slim M.2 standard applicable for ultra-slim personal computers or slim laptop computers. The application of NVMe SSD parts is likely to expand from ultra-high performance workstations towards ultra-s...

College Graduate Jobless Numbers Break 500,000 Level for First Time

The number of the unemployed with a college degree has surpassed the 500,000 level in March for the first time in history. Given the first-quarter unemployment ratio for college graduates in their 20s also reaches a record high of 9.5 percent, the problem of youth unemployment has become more seriou...

Samsung and LG See TV Sales Up But Profits Plunge

TV business is losing profitability for both Samsung Electronics and LG Electronics, which rank No. 1 and No. 2 in the global TV market. The two Korean TV makers have established an unrivaled presence in the global market with their combined share reaching almost 50 percent. According to market rese...

Mr. Pizza Turns Profitable in China, First in 15 Years

Mr. Pizza, a franchise pizza brand of MPK Group, turned to the black in its Chinese operations in the first quarter of this year. This was the first time for Mr. Pizza’s Chinese operations to gain profit in 15 years. MPK Group announced on April 14 that its two Chinese subsidiaries in Beijing and S...


AJU Business Daily (

Smartphone banking service users soar 29.6% on-year in 2014: central bank

The number of South Koreans using smartphone banking service soared nearly 30 percent in 2014 from the previous year, central bank data showed Wednesday. According to the data compiled by the Bank …

IMF lowers 2015 growth forecast for South Korea's economy to 3.3%

The International Monetary Fund (IMF) Tuesday lowered its 2015 growth forecast for South Korea's economy to 3.3 percent from an earlier estimate of 3.7 percent. "Korea’s growth momentum has sta…

KakaoStory most-used SNS among South Koreans: poll

KakaoStory was the most-used social networking service (SNS) among South Koreans in 2014, a poll said Tuesday. According to the survey of 9,381 Internet users aged between 13 and 69, 51.8 percent o…

S. Korea's electric car market likely to expand 5-fold until 2016

South Korea's electric car market is expected to grow more than five-fold until next year, officials said Tuesday. The number of electric vehicles (EVs) in the country totaled 3,044 units as of…

S. Korea's share of global TV market grows in 2014: research firm

South Korean TV makers saw their global sales grow in 2014 from the previous year, while sales by their Chinese and Japanese rivals dropped during the same period, a market research firm said Tuesday.…

Export and import prices rise for 2 months on weak local currency: central bank

South Korea's export and import prices increased for the second straight month in March, the central bank said on Monday. The Export Price Index (won basis) increased 0.9 percent last month fro…

S. Korea's meat consumption jumps nearly 4-fold in 3 decades: gov't

South Koreans' consumption of meat has increased nearly four-fold for the past three decades, government data showed Monday. The country's per-capita consumption of meat reached 42.7 kilogr…

S. Korea's steel imports rise 4.1% on-year in March

Imports of steel products increased in March from a year earlier after sliding for two straight months, industry data showed Friday. The country imported 2.01 million tons of steel products last mo…

Hyundai Starex mini van popular among campers

On the back of the camping boom, Hyundai Motor's Starex mini van continues to be popular among South Korean campers. Sales of the Starex rose 4.4 percent to 12,607 units in the first half from…

Moody's upgrades S. Korea's outlook to 'positive'

A global rating agency Friday upgraded South Korea's credit rating outlook to "positive" from "stable" and retained its sovereign rating of "Aa3," citing "improved management of public corporation…



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G-Star Game exhibition will be held in Busan until 2016. According to the gaming industry, Busan passed the recent venue evaluation test. So for now Busan will maintai...

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