April 22, 2015

The Korean daily media headlines and humor

Wednesday, April 22, 2015

Your Excellency:

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

Lee Kyung-sik

Publisher-Chairman

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.

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The Korea Post news:

Khachapuri, the representative food of Georgia

Georgia is the first country to ‘mouth-water’ the Korean people with her representative food. Thank you very much, Your Excellency.

It will be introduced to more than half a million visitors to the Namyangju Slow Food & Live Expo in October this year on the southeastern outskirts of Seoul?as well as to the millions of others (Koreans and expatriates in Korea) through the five media units of The Korea Post beginning today.

Here is how you make the representative food of Georgia, KHACHAPURI (cheese bread):

/news/view.html?section=165&category=192&no=913

Khachapuri, the representative food of Georgia:

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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 edt@koreapost.com or korpost@chol.com.

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

A scene from Envolee created by Aerosculpture Group of France.

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The Korea Post notice:

You never know how your masterpiece speech is downgraded into low-quality utterances in the process of Korean translation.

Use The Korea Post Translator Pool where the translators are looked after personally by the Winner of the ‘Korean Literature Translation Award’ of Hankook Ilbo and The Korea Times.

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 edt@koreapost.com) for the most competitive price and the best quality of the work.

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Today’s humor:

Humor from a generous former Asian ambassador

Humor

A guy bought his wife a beautiful diamond ring for Christmas.

A friend of his said, "I thought she wanted one of those sporty 4-Wheel drive vehicles."

"She did," he replied. "But where in the hell was I gonna find a fake Jeep?"

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

Prime Minister Lee Offers to Resign

Prime Minister Lee Wan-koo submitted his resignation on Monday night to President Park Geun-hye who is on a four-nation tour of South America.

PM Cancels All Scheduled Events, Stays in Residence

PM's Resignation Will Help Settle Disorder

President Park Regretful of PM Resignation

S. Korea Urges Abe to Confront History Squarely

S. Korea to Take Part in Developing Telemedicine System in Peru

Prime Minister Clears Schedule for 2nd Day in Row

Peru to Simplify Approval of S. Korean Pharmaceuticals

KOSPI Ends Lower Following Recent Rally

Gov't to Prepare Domestic Industries for S. Korea-China FTA

'No Meetings of Defense Ministers of N. Korea, China at Moscow Conference'

S. Korea to Promote Inter-Korean Sports, Cultural Exchanges

N. Korean Patrol Boat Briefly Crosses NLL

Asahi: China Easing Economic Pressure on N. Korea

NYT: Abe Must Honestly Confront Japan's Wartime History

SCMP: S. Korea, China Could Raise Issue with US Treasury's Calls

Prosecutors Detain Close Aide of Sung Woan-jong

Investigators Raid Keangnam Enterprises to Prove Destroyed Evidence

660 S. Korean Victims File Suit Against 72 Japanese Firms for Forced Labor Compensation

Hampyeong Butterfly Festival Opens May 1

Gov't to Implement Flexible Semester System

Donguibogam to be Designated as National

New Study Finds Phytoncide Levels Reach Highest in Morning

Gov't to Hold Contest to Discover Business Ideas

Samsung SDS to Launch Biometric Payment Service

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

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

S. Korea denounces Japan politicians over war shrine visit

South Korea Wednesday criticized a group of Japanese lawmakers who paid tribute to a controversial shrine symbolizing Japan's militaristic past.

Late bizman's aide arrested over destroying evidence

A close aide of the late businessman who left behind a bribery list has been arrested over suspicions of destroying evidence, prosecutors said Wednesday.

N.K. fails to learn lesson from Iran nuclear deal: Seiler

North Korea appears to have missed an important lesson from the breakthrough deal on Iran's nuclear program: that the United States is committed to negotiations even with long-time foes, the U.S. envoy for nuclear talks with Pyongyang said Tuesday.

Park attends basic trainer jet rollout ceremony in Peru

President Park Geun-hye Tuesday attended a rollout ceremony for the first basic trainer jet in Peru, the latest in a series of moves to strengthen bilateral cooperation in the aviation sector.

S. Korea asks N. Korea to extend deadline in Kaeson..

British Korean War hero donates medals for young Koreans

Seoul seeks to hold sports, cultural events with Pyongyang

Watchdog under fire for delaying punishment on SK Telecom

KOSPI 2,146.59 UP 1.80 points (open)

KOSDAQ 718.89 UP 4.37 points (open)

Dollar opens at 1,083.0 won DN from 1,083.4 won

Hyundai, Kia rank 3rd in BRIC sales last year

Suwon clinches knockout berth in AFC Champions League

Incheon to kick off 'World Book Capital 2005' events

Park Tae-hwan's doc pleads not guilty to negligence

Shares of CJ CGV up ahead of 'Avengers' 2 release

Park Tae-wan's doc pleads not guilty to negligence

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

Doosan Heavy chairman resigns 

Park Yong-sung, chairman of the Chung-Ang University foundation, resigned Tuesday after an email h... 

Met's Hong declines to lead National Opera 

Soprano Hong Hei-kyung said Tuesday she will decline an offer to lead the Korea National Opera (KN...

Collective lawsuit allowed against Canadian bank 

The Supreme Court allowed investors to file a collective compensation lawsuit against Royal Bank of Canada (RBC) over its alleged stock manipulation regarding... 

Housing for youths worsens 

One in five young people live in rooftop shacks or low-cost, tiny “gossiwon” rooming houses, a rep...

Sung's confidant summoned for bribery probe 

Prosecutors called in a former executive of Keangnam Enterprises for questioning Tuesday as part of their widening investigation into the bribery scandal cent... 

Swimmer to take witness stand in doctor's trial 

Swimmer Park Tae-hwan will testify against his doctor who is on trial for allegedly injecting him ...

Abe urged to apologize for wartime misdeed 

Calls are growing within the United States for Japanese Prime Minister Shinzo Abe to apologize about his country’s wartime misdeeds during his visit to the U....

EU removes Korea from illegal fishing list 

The European Union (EU) removed Korea from the list of illegal fishing countries, making it easier for Korean vessels to operate in international waters and s... 

Prime Minister ousted after shortest term 

Prime Minister Lee Wan-koo offered to resign late Monday evening following a series of allegations... 

Netmarble to hit global mobile game market with Disney 

Netmarble Games, the nation’s top mobile game provider, will launch a new mobile game, “Marvel Fut...

More parents move to receive bigger subsidies for babies 

A growing number of couples expecting babies are changing their addresses to receive a bigger subsidy from local governments, sources said Tuesday. 

Korean workers find it hard to take a break 

Seven in 10 workers in Korea find it difficult to go on more than 10 days’ paid vacation a year, a... 

IT companies need to shift toward IoT commercialization 

Google should learn from Tesla how to run the Internet of Things (IoT) business, a leading IoT exp...

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DongA Ilbo (http://english.donga.com)

U.S. media urges Abe to apologize for Japan’s wartime history

With Japanese Prime Minister Shinzo Abe’s trip to the U.S. just days away, many people in the U.S. are calling for him to reflect on and apologize for Japan’s colonial rule and war crimes including the sexual slavery... 

Forced labor victims file suit against Japanese companies

Some 1,000 Korean victims who were forced to work for Japanese companies under the Japanese colonial rule and their bereaved families have filed a large class action lawsuit of around 100 billion won (92.3 million US...

Disappointed, but Chungcheong residents grudgingly accept ‘premier’s resignation’

As Prime Minister Lee Wan-koo finally offered to resign, people in the Chungcheong provinces showed mixed responses. Some expressed regret for losing a chance to expedite regional development, while many others...

Korean dance performance to stage in French national theater

Korea National Contemporary Dance Company’s “Already Not Yet” will be on a stage in France by invitation from Theatre National de Chaillot. It is the first time since a performance by Choi Seung-hee that a Korean...

`US politics allows Abe’s address to Congress in return for greenbacks,` says columnist

In the run-up to Japanese Prime Minister Shinzo Abe’s address to U.S. Congress on April 29, an influential media outlet ran a column that U.S. politics accepted Abe’s address due to Japan’s lobbying. Many have believed...

Girl group member confirmed dating baseball star

Baseball player Oh Seung-hwan and Yuri, a member of girl idol group "Girls` Generation," is dating each other, the latest sports and celebrity couple to be spotted. Oh`s management agency Sports Intelligence said...

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

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

Beer Belly Raises Chances of Dementia, Study Shows

Abdominal obesity in men raises the chances of the cerebral cortex thinning, increasing the risk of dementia, research suggests. The cerebral cortex is the outermost layer of the brain, 2 to 4 mm in thick, and serves as memory storage. >> Full Text

SUVs, Green Cars Dominate Shanghai Motor Show

The Shanghai Motor Show, Asia's biggest automobile showcase, opened in the Chinese city on Monday. A total of 2,000 automakers and parts manufacturers from 18 countries are taking part. The motor show features 1,343 cars, including 109 world premieres. >> Full Text

Pre-Orders for New LG Phone Start Wednesday

LG will take pre-orders for the G4 smartphone for a week from Wednesday before the official launch on April 29. The price has yet to be decided but is likely to be a little lower than that of its predecessor, the G3 -- W899,800 -- because it has to compete with Samsung's Galaxy S6, which costs W858,000. >> Full Text

N.Korea to Stage Massive Military Drills

Seoul Hikes Defense Budget to Counter N.Korean Missiles

Korean Air Heiress Appeals for Clemency

Soldiers Permitted to Use Mobile Phones

Only Three Koreans Included in World's 200 Richest List

Price Hike Hits Cigarette Sales

Tennis Player Chung Hyeon Knocking on Door of World Top 100

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

Amid growing corruption scandal, Prime Minister Lee offers to resign

Facing pressure from the opposition and waning political prospects, Pres. Park to accept resignation once she returns from overseas

On Apr. 20, Prime Minister Lee Wan-koo submitted his resignation to President Park Geun-hye, who is currently traveling in Central and South America, the Hankyoreh confirmed. Lee had been under pressure from both the ruling and the opposition parties to step down after his name appeared on the list left by Sung Wan-jong after his recent suicide.

US media critical of upcoming visit by Japanese PM Abe

With Japanese Prime Minister Shinzo Abe scheduled to visit the US next week, the New York Times and other US papers are coming forward to criticize his historical perspective and to urge him to show genuine remorse. In an editorial in the Apr. 20 edition titled “Shinzo Abe and Japan’s History,” the New York Times stated that Japan needs to own up to its history - including its barbaric occupation of China and Korea and the way it compelled countless women to serve as comfort women, .

North Korea allows payment of normal wages for March

North Korea indicated plans to allow the payment of normal wages for its workers at the Kaesong Industrial Complex, with the difference from an announced minimum wage hike to be paid later, sources said on Apr. 20.“The North said it would allow the payment of the regular wages for now and calculate the difference from the hike later,” explained Corporate Association of Gaeseong Industrial Complex chairman Chung Ki-sup in a telephone interview with Hankyoreh on Apr. 20. .

After price hike, more smokers trying to butt in first quarter of this year

Cigarette consumption fell sharply for the first quarter of 2015 from the same period last year, data show. Survey data also showed a significant jump this year in the number of smokers visiting public health centers, hospitals, and clinics to quit. The numbers could be evidence that the January hike in cigarette prices is prompting many to kick the habit. The Ministry of Health and Welfare reported on Apr. 20 that cigarette consumption for the first quarter of 2015 totaled 519 million packs, .

[Reporter’s notebook] Ministries playing hot potato with issue of Japan’s exercise of self-defense Eyebrows are being raised as South Korea’s ministries of National Defense and Foreign Affairs respond to the issue of Japan claiming the right to collective self-defense by trying to shift responsibility to each other. .

South Korean sovereignty not specified in agreement with US and Japan

The US and Japan confirmed that they will respect South Korean sovereignty when Japan exercises its right to collective self-defense, but the two countries decided not to specify this in their bilateral defense cooperation guidelines, reports say. The Hankyoreh confirmed that the US and Japan communicated their intentions to South Korea during the Defense Trilateral Talks (DTT), which were held at the Pentagon on Apr. 16 and 17. Deputy minister-level officials

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JoongAng Ilbo (conservative): (http://koreajoongangdaily.joinsmsn.com/)

Prime minister decides to resign

After payoff scandal engulfs him, president tacitly accepts quitting

After a mere 63 days on the job, Prime Minister Lee Wan-koo expressed his intention to step down over a payoff scandal Monday night, leaving the president with the big challenge of finding a successor. The Prime Minister’s Office said Tuesday that Lee offered his intention to resign…

U.S. firm bids to build casino at Incheon Int’l

A U.S. casino operator is offering to invest $5 billion to build and operate a first-of-its-kind casino resort connected to Incheon International Airport by 2040.…

Aide to exec who killed himself is interrogated

The investigation of a list of politicians found in the pocket of a businessman-turned-politician who hanged himself picked up steam as one of the businessman’s key aides…

New payment system to aid SMEs

Small companies in Korea have often had a hard time getting paid, but a new payment system promises to make things easier. Conglomerates are supplied by …

Visit to Peru paying off for business

The business delegation accompanying President Park Geun-hye to Peru has obtained cooperation deals worth $141 million in state-led infrastructure projects…

Gov’t sees budget deficit for February

The Korean government again experienced a budget deficit for February, a report by the Ministry of Finance and Strategy showed, even more than…

Chungcheong politicians hit in payoff scandal

A bribery scandal set off following the suicide of a national construction tycoon has shattered rising hopes that the next presidential seat could be seized by…

Shinhan buys 40% stake in a bank in Indonesia

Shinhan Bank, the nation’s top commercial bank by assets and revenue, announced on Sunday it will make inroads into Indonesia.…

Shinsegae makes new duty free unit

Shinsegae Group will set up a new company to strengthen its footing in the duty free business, Korea’s No. 2 retail conglomerate said Tuesday.…

Kospi streak snapped by crisis in Greece

The Seoul main bourse took a breather on Tuesday after an upbeat rally that has lasted for seven consecutive trading days.…

Hyundai gathers in red-hot market

Hyundai Motor has convened its international dealers and executives in Dubai for a four-day meeting to share its sales goals and targets.…

Pet care goes digital in apps and devices

Long gone are the days when pet owners simply tossed some kibble in a bowl or etched their address on a collar and hoped for the best.…

Posco reports unchanged Q1 operating profit

Operating profit in the first quarter for the nation’s leading steelmaker, Posco, maintained last year’s level despite the slumping industry…

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

S. Korea’s standard CEO profile: SNU graduate, business major, 30 years i..

Graduates of Seoul National University (SNU), Korea University and Yonsei University, deemed as the top three universities in South Korea, accounted for 62.4 percent o.. ...04.21 18:02

PM tenders resignation over graft scandal and keeps indoors

Prime minister Lee Wan-gu who had tendered his resignation over bribery cancelled all schedules to stay indoors at prime minister’s official residence in Samchung-don.. ...04.21 18:01

Stock brokers, teachers will decline in 10 years; engineers will increase

In the wake of a demographic shift and the penetration of online and mobile shopping, the number of school teachers and sales representatives will decline in 10 years... ...04.21 17:25

POSCO decides to close money-losing POS-HiAL

POSCO, the sixth largest company in Korea in terms of asset, has decided to liquidate POS-HiAL, a subsidiary of its subsidiary. POSCO’s business liquidation marks the.. ...04.21 17:11

Nonghyup to introduce ‘production agreement system’ for farm produce

Nonghyup will implement a production agreement system where it purchases agricultural produce at a price of 80 percent of levels in previous years in a bid to prevent .. ...04.21 14:54

Labor-gov’t collision takes a turn for the worse

As the Korean Confederation of Trade Unions (KCTU) charged Lee Gi-gwon, minister of Employment and Labor, with the abuse of his authority to the prosecution on Monday,.. ...04.21 14:50

Hanwha Q CELLS bags $900mn solar panel deal

Hanwha Q CELLS inks the largest ever deal in the solar power sector to supply photovoltaic (PV) modules to the US-based power supplier. Under the deal reached Monday.. ...04.21 12:57

PM offers to resign over graft scandal

South Korean Prime Minister Lee Wan-koo is said to express his intention to resign to President Park Geun-hye on her tour on Monday. A high-ranking official of the rul.. ...04.21 11:12

PM under pressure even from ruling camp

Prime Minister Lee Wan-koo is under heavy pressure even from the ruling camp. As the opposition is poised to take steps to impeach the Prime Minister for his alleged a.. ...04.20 17:58

SK Group to merge units amid pressure to simplify corporate governance

SK Corporation and SK C&C each held a meeting of board of directors on Monday and decided on their merger. The move will put an end to the group’s existing ownership s.. ...04.20 17:50

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The Kyunghyang Shinmoon (http://english.khan.co.kr/)

"I Will Step Down" Lee Wan-koo Conveys His Intention to Resign to President Park

On April 20, Prime Minister Lee Wan-koo, 65, engulfed in the Sung Wan-jong list scandal, expressed his intention to resign to President Park Geun-hye, currently···

[Editorial] 16% of Adult Deaths in the Seoul Metropolitan Area Are Caused by Air Pollution

One to two out of every ten adult deaths in the Seoul, Gyeonggi region was a premature death--coming before the life expectancy--caused by air pollution. A team···

Such a Prime Minister: Lee Wan-koo's April Revolution Speech Missing Mention of Rooting out Corruption

On April 19, Prime Minister Lee Wan-koo, 65, said, "The April 19 Revolution is a symbol of democracy and justice," in his commemorative speech on the 55th ann···

[Editorial] Public Opinion on the Sewol Cannot be Covered by the 'Geun-hye Fortress'

On April 18, the "National Rally for the Sewol Tragedy" was held in Seoul, and the landscape of downtown Seoul this day was devastating. Some of the families ···

[1 Year Anniversary of the Sewol Tragedy] Even the Heavens Cried: A Wave of Mourners in the Rain Remembering the Sorrow and Anger

The memorial ceremonies for the Sewol victims held nationwide on April 16 overfilled with sadness and anger. This day, memorials were organized by local governm···

[Editorial] Prime Minister Lee Wan-koo Should No Longer Disgrace the Prime Minister Position

President Park Geun-hye put off her decision on the future of Prime Minister Lee Wan-koo, who has fallen to a lame state, until after her return from a trip to ···

[Editorial]One Year Anniversary of the Sewol Tragedy: The Disaster Is 'Ongoing'

Jo Eun-hwa, Heo Da-yun, Nam Hyeon-cheol, Bak Yeong-in, Yang Seung-jin, Go Chang-seok, Gwon Jae-geun, Gwon Hyeok-gyu, Yi Yeong-suk...We call the names of those w···

'I Will Tolerate No One' President Park Warns of an 'Investigation Storm' Covering the Present with the Past

On April 15, President Park Geun-hye announced her position on the Sung Wan-jong list scandal along with future measures. This was the first time that the presi···

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The Korea Economic Daily (http://english.hankyung.com/)

Amount of Uncollected Social Insurance Premiums Reaches 12 Tril. Won

The collection ratio for the nation's four major social insurance schemes, including the national pension, healthcare insurance, unemployment insurance, and workers' compensation, has reached a record low. Accordingly, the amount of premiums in arrears has also exceeded the 12-trillion-won level for...

1Q Korea-Japan Trade Volume Falls 14% Year on Year

The trade between Korea and Japan has shrunk visibly this year to date. According to the Korea International Trade Association on April 21, the trade volume (exports plus imports) between the two countries for the first quarter of the year has been US$18,447 million, down 13.9 percent from the same ...

$11 Bil. Latin American Telemedicine Market Opens up...Prez. Park Holds Summit Meeting in Peru 

Following the state visit by President Park Geun-hye to Peru, a market for telemedicine is likely to open wide for Korean suppliers in Latin America. This is the first occasion for Korean telemedicine companies to move overseas. Currently the Korean market for telemedicine is completely closed as do...

62.4% of Top 100 Firms’ CEOs Graduated from “SKY” Universities

Among CEOs of Korea’s top-100 companies, the share of those who graduated from the so-called SKY universities, including Seoul National University, Korea University, and Yonsei University, stood at 62.4 percent. According to a monthly magazine Hyundai Management which conducted a survey with 134 CE...

Shinsegae Group to Establish Shinsegae DF to Begin Duty-free Business in Earnest

Shinsegae Group said on April 21 that it would begin investing in the duty-free shop business in earnest by establishing a separate unit called "Shinsegae DF." The newly founded company will be owned 100 percent by the group and headed by Sung Young-mok, current president of Shinsegae Chosun Hotel. T...

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AJU Business Daily (http://eng.ajunews.com/korea)

Actress Kim Bu-seon to appear in new JTBC program

PREVIEW OF CABLE TV PROGRAM: Actress Kim Bu-seon speaks during a sneak preview of the new JTBC entertainment program "Mom Sees You" at the headquarters of the local cable network in Sangam-dong, Mapo-…

Boy band CNBLUE member Kang Min-hyuk, 2 others to host new JTBC program

'MOM SEES YOU' TO AIR ON JTBC: Celebrities pose for the camera during a sneak preview of the new JTBC entertainment program "Mom Sees You" at the headquarters of the local cable network in San…

Samjinnal marks arrival of spring

TEA ETIQUETTE SESSION: French students drink a cup of Korean tea during a tea etiquette session at a park in Seorae Village, Seocho-gu, southern Seoul, Tuesday. Korean and French students also tried m…

Pre-order sales of LG's new G4 smartphone to start April 22

Three major South Korean mobile carriers said Monday they will start receiving pre-orders for LG Electronics' new flagship G4 smartphone on April 22. The G4 will be available to purchase via tworl…

Commercially marketed cigarette packs tumble after price hike: gov't data

The number of cigarette packs commercially marketed in South Korea for the first quarter reached 519 million, down 44.2 percent from the same period of last year, government data showed Monday. The…

S. Korea's producer prices fall to 4-year low: central bank

South Korea's producer prices fell to the lowest in more than four years in March from a month earlier, the central bank said Monday. The producer price index, a barometer of future consumer in…

South Korea's ramyeon exports contract 1.9% in 2014

South Korea's ramyeon (instant noodles) exports contracted slightly in 2014 from the previous year, after rising for three straight years, government data showed Friday. The country's ram…

Kia's Sedona minivan wins US magazine's Auto Interior of the Year award

Kia Motors' Sedona minivan has been named as one of U.S.-based Ward’s Auto magazine's 10 Best Interiors Winners 2015. The Sedona, which is all-new for 2015, is known locally as the Carnival. …

Girl group 2NE1 leader CL fails to make a list of TIME 100 2015

CL, leader of popular South Korean girl group 2NE1, failed to make a list of the world's 100 most influential people of 2015 chosen by TIME magazine. CL ranked second in the U.S. news magazine&…

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ETNEWS (http://english.etnews.com/)

POSCO ICT Electric Car Charge Station in All Hotels in South Korea

Park Tae-joonApr 17, POSCO ICT, the 1st domestic electric car charging infrastructure business, will be installing charge stations over all the hotels in South Korea. It is their marketing ...

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A Fight for Supremacy of Overall Electronic Components...Samsung Electro-Mechanics vs LG Innotek Lee Hyung-soo

Leading electronic components companies in the country, Samsung Electro-mechanics and LG Innotek are having a fierce competition for the top spot. Last year, the sales ...

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Irisys Develops Portable Iris Recognition Module Grafting with USB·OTP

USB memory with iris recognition camera module and one-time password198 generator (OTP) has been revealed. Recently biometric security method has been receiving much spo...

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Samsung Display Acquiring Different Exclusive ‘Quantum Dot’ Technology From SEC

Samsung Display is on the move to acquire Quantum Dot (QD) exclusive technology. It is a different from the QD material covered film panel that Samsung Electronics use...

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Alibaba “We Have No Plan of Building B2B Distribution Base in South Korea”

Chinese electronic commerce group Alibaba announced that they have no plans of building B2B distribution base in South Korea, at least for now. Alibaba executive that...

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