June 12, 2015
The Korean daily media headlines and humor
Friday, June 12, 2015
Your Excellency:
Here are The Korea Post notice, 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
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 notices:
Please pass this tips on to the Commercial/economic counsellor
Dear Commercial/economic counsellor:
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If you have a business delegation coming to Korea or an investment seminar scheduled here, the two Pools can meet your promotional literature production requirements at the most competitive price and quality.
The Desigerner Pool is led by a seasoned designer with more 20 years of experience after graduation from the prestigious Hongik University of College of Fine Arts and the Translator Pool by the Winner of the Korean Translation Literature Award of Hankook Ilbo/Korea Times. Please contact 2298-1740/2, 1745/6 or edt@koreapost.com.
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Today’s humor:
Hankuk Kyungje
Captain unable to swim
The Great Lakes Laboratory of Buffalo State College in New York employed a licensed boat captain to man it’s research vessel.
Now the fact that the captain couldn’t swim would often become the subject of conversations among the students.
When new comers learned of this, they would often approach him about it.
“Is it true?” one of them asked incredulously.
“You, a boat captain, can’t swim.”
“No, I can’t! Can pilots fly?”
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KBS (http://world.kbs.co.kr/english/news/)
BOK Cuts Key Rate to Record-Low 1.5% to Revive MERS-Stricken Consumption
The Bank of Korea has reduced its key interest rate to a record low one-point-five percent in a bid to revive consumption weakened from the sudden outbreak of Middle East Respiratory Syndrome (MERS).
Park Asks China for Cooperation on N. Korea's Denuclearization
Parties Unable to Agree on Adopting Hwang's Confirmation Hearing Report
Foreign Minister to Visit Germany, Croatia over UNESCO Row
84,000 Overseas Tourists Cancel Trips to S. Korea Since MERS Outbreak
Regulations Eased on Buildings Along Highways
'MERS Outbreak thru End of June to Inflict 4 Trillion in GDP Loss'
RFA: Kim Jong-un Out of Reach During N. Korean Officials' Trip to Seoul
Timonin Blames Inter-Korean Distrust for Little Progress in Joint Projects
N. Korean Propaganda Web Sites Crippled for a Week
US-Japan Missile Interceptor Makes Maiden Flight
US Think Tank Opens Research Center on Korea
US Lawmaker Sends Condolences Over MERS
MERS Death Toll Rises to 10
Military Supports Water Supply Efforts for Drought-Hit Farms
Gov't to Operate MERS Safe Hospitals
KBS, NHK to Co-Produce Radio Program to Mark
KBS Programs Honored at Banff Media Festival
Ruins of Ancient Village Unearthed in Gwangju
Nuke Commission Greenlights Resumption of Hanbit 2 Reactor
US Expert: MERS Outbreak in Korea Can be Stopped Soon
WHO MERS Inspection Team Arrives in S. Korea
Son Yeon-jae in the Lead in Individual All-Around at Asian Championships
S. Korean Women's Football Team Falls to Brazil 2-0 at World Cup
Pyeongchang Olympics to Bestow Record No. of Gold Medals
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Yonhap (http://english.yonhapnews.co.kr)
S. Korea reports 14 new cases of MERS, bringing total to 122
South Korea on Thursday confirmed 14 new cases of the Middle East Respiratory Syndrome (MERS), bringing to 122 the total number of people diagnosed with the potentially deadly disease.
Samsung No. 1 holder of LTE-related patents
South Korea's tech giant Samsung Electronics Co. said Thursday it has emerged as the top holder of standard-essential patents related to long-term evolution (LTE) and LTE-Advanced technologies.
S. Korean midfielder vows to atone for missed chances
South Korean midfielder Jeon Ga-eul vowed Wednesday to atone for her missed scoring opportunities at the ongoing FIFA Women's World Cup in Canada, a day after her team lost to Brazil 2-0 to open the group stage.
WFP on standby for possible N. Korea drought
The United Nations food agency is closely monitoring the weather conditions in North Korea in order to send emergency assistance there in case of a protracted dry spell, the agency's regional director in Asia has said.
Royce expresses understanding of Park's decision to postpone U.S. visit
The chairman of the U.S. House Foreign Affairs Committee said Wednesday he understands South Korean President Park Geun-hye's decision to postpone her trip to Washington.
Royce expresses understanding of Park's decision to postpo..
Wilson Center launches Korea research center
WFP on standby for possible N. K..
U.S. Pacific Commander vows strong response to N...
Overseas projects won by S. Korean builders top US$700 bln
S. Korea reports 14 new cases of MERS, bringing total to 1..
Samsung No. 1 holder of LTE-related patents
S. Korean midfielder vows to atone for missed chances
NC Dinos acquire ex-MLB pitcher Zach Stewart
S. Korea coach rues defensive mishaps in loss to Brazil
S. Korea falls to Brazil to open FIFA Women's World..
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The Korea Times (http://www.koreatimes.co.kr)
Paul `the frivolous' Singer
Experts here said Thursday that Elliott Associates is resorting to legal action to boost its case ... Samsung all-out to bring allies on board
Kim & Chang, Nexus squaring off over Samsung vs. Elliott
US to ask Seoul for official discussion on THAAD
The United States will soon ask South Korea to have an official discussion on the deployment of the THADD missile system on the Korean Peninsula, government s...
NK defector students to learn about democracy in U.S.
A Washington-based North Korean NGO is organizing a student program for North Korean defectors to...
Native instructors to get severance pay
The Supreme Court upheld a lower court ruling, Thursday, in favor of 24 native English instructors who demanded severance pay and other allowances from their ...
Long dry spell worry farmers
The nation has been suffering from a long dry spell as this year’s precipitation is less than 60 p...
Korea to lower carbon emission target
The government said Thursday it will lower its carbon emissions reduction goals.
Japan slammed for justifying colonial rule
Just days before the 50th anniversary of the normalizing of Korea-Japan relations, Japan is stepping up efforts to promote its position on compensation for co...
US ambassador understanding of Park's delay in US visit
U.S. Ambassador to Korea Mark Lippert said Thursday that he understands President Park Geun-hye’s...
Mount Baekdu open to foreigners' marathon tour
North Korea will host an event for foreign tourists on Mount Baekdu this summer, a North Korea travel operator said Thursday.
Gov't MERS website substandard
If the government has not been bashed enough over how it is dealing with Middle East Respiratory S...
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DongA Ilbo (http://english.donga.com)
U.S. photographs provides peek into North Korea
The Internet edition of the New York Times on Wednesday published 13 photographs and videos showing some latest scenes of North Korea in an interactive piece titled "Six Days in North Korea." The photos and videos were...
Joseon Dynasty’s weapon factory Beonsachang site found in Seoul
There is a Chinese-style brick house inside the grounds of the Korean Banking Institute in Samcheong-ro, Seoul. The building is called Beonsachang, a modern weapon factory affiliated with the Arsenal Bureau "Gigiguk"...
Winning war against MERS starts with winning psychological warfare
Now is the time to refrain from excessive responses following the mob psychology and to fight against the Middle East Respiratory Syndrome (MERS) virus based on scientific facts. As the number of kindergartens and...
Mayweather tops list of the world`s top paid athletes
Boxer Floyd Mayweather Jr. was the highest-paid athlete among the world`s sports stars over the last one year, befitting his nickname "Money." U.S. business magazine Forbes reported that Mayweather earned 300 million...
Major Leaguer Kang Jung-ho has 3 hits in one game
Kang Jung-ho, a South Korean player at the Pittsburgh Pirates of the U.S. Major League Baseball, played his fourth game of this season in which he had three hits. In a home game against the Milwaukee Brewers on...
WHO on MERS in Korea: `No sustained transmission between humans`
Dr. Peter Ben Embarek, World Health Organization MERS specialist, said Tuesday, “In Korea, we do not have sustained transmission between humans.” According to science and technology magazine New Scientist, Embarek...
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)
MERS Officials Voice Cautious Hope
The prospect of winning the battle against Middle East Respiratory Syndrome has come down to whether health officials can succeed in containing the spread of the deadly disease. The number of confirmed MERS cases rose to 122, while the death toll climbed to nine. >> Full Text
Pet Owners Worry as MERS Rumors Metastasized
Pet owners are getting increasingly worried amid groundless rumors implicating them in the spread of Middle East Respiratory Syndrome. Unscientific claims are mushrooming on the Internet, saying MERS is carried by dogs and cats. >> Full Text
Samsung Capitalizes on 'Jurassic World'
Samsung has teamed up with Universal Pictures to promote dinosaur blockbuster reboot "Jurassic World" as well as its own products. During the world premiere of the film at the Dolby Theater in Los Angeles on Tuesday, clips from the film was played on Samsung's new SUHD TVs. >> Full Text
MERS Remains a Mystery
Park Postpones U.S. Trip to Focus on MERS Fight
Gov't to Give Cash Subsidies to MERS Patients
U.S. Understands Park's Cancelation
U.S. to Share Bank Data with Korean Tax Man
FIFA Vice Chief Stole Korean Aid Money for Haiti
Korea Defeated by Brazil in First World Cup Match
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Hankyoreh Shinmoon (http://english.hani.co.kr)
[News analysis] With crises brewing at home, Pres. Park had ample reason to delay US trip
In order to placate public sentiment, which has turned against the government after its poor initial response to the MERS outbreak, President Park Geun-hye played a trump card on June 10 by delaying her visit to the US.By pushing back her visit to the US, South Korea’s most important diplomatic partner, on the pretext of public safety, Park is trying to kill two birds with one stone.
WHO says MERS spread can be contained, decrease could come soon
The strain of Middle East Respiratory Syndrome (MERS) in South Korea is essentially the same as that in the Middle East, a World Health Organization (WHO) doctor said on June 9.Dr. Peter Ben Embarek also noted that the current cases in South Korea are all traceable to the first person infected, and predicted the spread could be halted by interrupting the infection chain. .
30 million in prize money for whoever has the ‘greatest question’ in Korea
“Why can’t we see photographs as soon as we take them?” This question by physicist Edwin Land’s daughter inspired him to develop the Polaroid instant camera.“Why can’t we generate a small amount of electricity ourselves whenever we need it?” This question occurred to Park Hye-rin, president of Enomad, after experiencing a number of power outages during a trip to India. .
S. Korean authorities’ instructions on MERS don’t match with actual situation
Academic papers about the incubation period and the range of close contact of the Middle East Respiratory Syndrome (MERS) reveal significant differences from the situation on the ground in South Korea. Experts suggest that the government needs to carefully review the data about infection by the MERS virus so that it can devise countermeasures and disseminate accurate information to the public. .
Authors of Japan’s postwar statement share thoughts amid renewed interest
“The Murayama Statement was made so that Japan would never again commit the same kind of mistakes it did in the past.” - Former Japanese Prime Minister Tomiichi Murayama. “The things that were written in the Kono Statement was merely to make clear things that had already been confirmed. It is natural to conclude that there was coercion of the comfort women.” - Former Japanese Chief Cabinet Secretary Yohei Kono .
Two court rulings win child support for ‘Kopino’ kids
Courts are ordering child support payments in a number of cases involving so-called ‘Kopino’ children born to South Korean fathers and women in the Philippines. Judge Kim Su-jeong of the third family divisions at Seoul Family Court ruled on June 8 that a South Korean man should pay 300,000 won (US$270) a month in child support for his child with a Filipino woman. .
China reportedly secures its hoped-for veto in the AIIB
China appears to have secured a veto in the Asian Infrastructure Investment Bank (AIIB).After analyzing the draft of the articles of incorporation that was reached by senior negotiators for the AIIB in Singapore last month and speaking with various participants in the meeting, the Wall Street Journal reported on June 8 that it is very likely that China has gained veto power over important decisions such as changing the articles of incorporation and reviewing membership applications. .
Japanese intellectuals call for resolution to comfort women issue
Japanese intellectuals issued a statement calling on the Japanese government to clearly acknowledge its responsibility for the issue of the comfort women and to swiftly resolve this issue. On June 8, around 270 Japanese intellectuals held a press conference at the conference room of the House of Councilors in Tokyo and released the Statement by Japanese Intellectuals about Historical Issues Facing Japan and South Korea in 2015. .
Government plans to build two more nuclear reactors to meet rising demand
The government has announced plans to build two additional nuclear power reactors by 2029. The decision is expected to draw a backlash from residents in the candidate sites for the new reactors and fuel an ongoing debate by politicians and civic groups over the expansion of nuclear power and the shutdown of outdated reactors, including Kori Nuclear Power Plant Reactor 1, where a decision must be made by June 18 on whether to request another lifespan extension. .
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JoongAng Ilbo (conservative): (http://koreajoongangdaily.joinsmsn.com/)
MERS forces total sealing off of two hospitals
The Ministry of Health and Welfare Thursday sealed off two hospitals for the first time in the outbreak of Middle East respiratory syndrome (MERS) to prevent the kind of mass infections that came out of Pyeongtaek St. Mary’s Hospital and Samsung Medical Center. Mediheal Medical Center in Seoul…
Key interest rate lowered as fears over virus linger
Korea’s central bank lowered the key interest rate to a new record low amid concerns over the national economy largely contributed by the recent outbreak of Middle East respiratory syndrome…
Chinese tourists afraid to visit Jeju
Middle East respiratory syndrome (MERS) continues to deal a body-blow to the Korean economy even on Jeju Island as an increasing number of tourists cancel trips…
Gov’t offers new emissions goals
The government rolled out four possible scenarios for carbon reduction goals ranging from 15 to 30 percent, which satisfy neither environmentalists nor businesses.…
Key rate cut gives rise to profit fears
The Bank of Korea’s rate cut to a historic low of 1.5 percent deepened worries about profitability losses at Korean banks and insurance companies.…
After BOK action, attention shifts to supplementary budget
After the Bank of Korea’s rate cut to another record low of 1.5 percent, the market is closely watching whether Finance Minister Choi Kyung-hwan will bring in a supplementary …
Nat’l Assembly revision missing from OKed bills
The National Assembly on Thursday sent dozens of recently approved bills, including the plan to overhaul the civil servant pension system…
Washington sends support as Park’s visit delayed
Washington has expressed its hope to reschedule a visit by President Park Geun-hye, which was delayed due to the outbreak of Middle East respiratory syndrome …
In limited ways, MERS can be transmitted through the air
A mystery at the center of the Korean outbreak of Middle East respiratory syndrome (MERS) has been whether the disease has been transmitted through the air…
Nuclear group advises on storage
A group of nuclear experts said the government should immediately start looking for a geologically stable region for underground storage of highly-toxic nuclear waste because…
Hyundai Motor, foundation fund history center
Hyundai Motor and the Korea Foundation, an institution under the Korean Ministry of Foreign Affairs, have signed an agreement with Woodrow Wilson International Center …
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Maeil Kyungje (neutral-oriented conservative, economic/business): (http://news.mk.co.kr/english/)
Do not neglect patients with diseases other than MERS: McKinsey & Company
South Korea should ceaselessly check patients with other diseases, who should be treated with priority, to see whether they are neglected because of MERS cases. The co.. ...06.11 17:56
1 in 3 S. Korea and Jap firms willing to cooperate in 3rd nations: poll
One out of three South Korean and Japanese companies expressed their intent to collaborate with each other in third nations for infrastructure development or consumer.....06.11 17:46
Doosan moves to commercialize carbon dioxide-based electricity generation..
South Korea’s Doosan Heavy Industries and Construction has secured an electricity-generating technology using supercritical carbon dioxide, which is called the next-g.. ...06.11 17:23
Overseas orders received by S. Korean builders top $700bn
Cumulative orders won by South Korean builders from overseas outstripped $700 billion for the first time in 50 years since they set foot onto the overseas construction.. ...06.11 17:18
Gov’t steps up peak wage initiative for public agencies
The South Korean government will accelerate its drive to embrace wage peak system in state-run firms by forming a pan-governmental consultative body within this month... ...06.11 14:30
LGD to be sole vendor for second-generation Apple Watch
LG Display (LGD) will be the exclusive supplier for the panels used by second-generation Apple Watch due out for next year, in addition to first-generation Apple Watch.. ...06.11 11:21
SK Group to sell SK Lubricants
SK Group, one of South Korea’s leading conglomerates, would dispose of its lucrative lubricant-making unit, SK Lubricants, to MBK Partners, a Korean private equity fu.. ...06.11 10:37
Park postpones US visit to fight off MERS
President Park Geun-hye postponed her trip to the US, which was slated for June 14 to 18, a move to step up efforts to contain the spread of the Middle East Respirator.. ...06.11 10:21
S. Korean companies on alert after Elliott’s objection
S. Korean companies are put on alert in the wake of Elliott’s objection to efforts of changing the corporate governance structure, especially in companies whose stock.. ...06.10 17:58
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The Kyunghyang Shinmoon (http://english.khan.co.kr/)
[MERS Crisis] "The People Are Nervous" Amid Rising Criticism, President Makes a Decision to Shoulder Diplomatic Burden
Cheong Wa Dae announced that President Park Geun-hye would postpone her trip to the United States on June 10, just four days before the scheduled departure. The···
[Confirmation Hearing of Prime Minister Nominee Hwang Kyo-ahn] Confirmation Hearing of Hwang Kyo-ahn Concluded, "Need to Reconsider Putting an Important State Task in the Hands of This Man"
?High school colleagues meet as opposites in a National Assembly confirmation hearing. On June 10, the final day of the confirmation hearing of Prime Min···
Japan's Perception of History] Murayama and Kono Strongly Urge Abe to Inherit the Statements of Previous Governments during Talks on the 70 Years after the War?
Former Japanese Prime Minister Tomiichi Murayama, 91, and Japan's former Chief Cabinet Secretary Yohei Kono, 78, strongly called for Japanese Prime Mini···
?[MERS Crisis] An Analysis of 58 MERS Patients: Symptoms in the Order of Fever, Cough, Phlegm, Muscle Ache, Difficulty Breathing ??
According to an analysis, nine out of ten Middle East respiratory syndrome (MERS) patients in Korea showed signs of a fever followed by cough, phl···
Health Minister Putting National Image Above People's Lives and Safety
The ruling and opposition parties criticized, in one voice, the failure in the government's initial response to the Middle East respiratory syndrome (MERS) at ···
President Park's Late Visit to the MERS Support Team: Cheong Wa Dae, 'President Made 30 Calls Concerning the Government's Announcement'?
On June 8, in connection to the Middle East respiratory syndrome (MERS) outbreak, President Park Geun-hye said, "I will supervise and command all minist···
?[MERS Terror Spreads] Government Belatedly Changes Quarantine Policy 'Disclose Names of All Hospitals'
On June 7, the government, which had not disclosed the names of the hospitals where patients with Middle East respiratory syndrome (MERS) had visited, decided t···
[Editorial] President Encourages Conflict While Ruling and Opposition Parties Seek Cooperation
In an emergency situation that can only be overcome with the capacity of the entire nation, coming together and cooperating is the biggest virtue. Even if we ha···
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The Korea Economic Daily (http://english.hankyung.com/)
BOK Cuts Benchmark Rate to 1.50% in 3 Months
The Bank of Korea has cut the benchmark interest rate today again in three months after its March meeting. As Middle East respiratory syndrome saps the vitality of the economy amid the performance of major exporters is getting worse due to the strengthening won value against major currencies, the mo...
Household Debt Scariest Bomb That May Explode Anytime Soon
Concerns are mounting over the household debt balance reaching more than 1,100 trillion won (US$986 billion) as it may pose as an obstacle to consumption recovery. Even Bank of Korea governor Lee Ju-yeol commented on the issue, "The household debt risk needs special attention." Analysts said the deb...
[Market Insight] Chinese Asset Management Firm Shows Interest in Buying ING Life Korea
Reports said a Chinese asset management firm has shown its interest in acquiring ING Life Korea. It remains to be seen, however, whether MBK Partners will sell off the asset less than two years after its purchase of the life insurance company. According to investment banking sources on June 11, Chin...
Ssangyong Motor Embraces Google Android Auto
Ssangyong Motor announced on June 11 that it will develop a new program based on Google’s Android Auto system and mount it into its new cars. At Google’s annual developer conference held in San Francisco on May 28, Ssangyong Motor, together with its largest shareholder Mahindra, joined the Open Au...
LG Life Sciences to Invest 100 Bil. Won in Osong
LG Life Sciences plans to invest 100 billion won in the Osong Life Science Complex in Cheongju, North Chungcheong Province, starting from this year until 2020. On June 11, LG Life Sciences signed a memorandum with the North Chungcheong provincial government and the Cheongju city government to expand...
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AJU Business Daily (http://eng.ajunews.com/korea)
South Korea cuts base rate to 1.50% amid MERS fears
South Korea's central bank slashed the key interest rate by 0.25 percentage point to a record low of 1.50 percent on Thursday, citing a decline in exports and domestic consumption following the ou…
Isolation facility for MERS virus
A medical staffer stands inside a negative-pressure isolation unit at the Seoul Medical Center in Shinnae-dong, Jungnang-gu, Seoul, Wednesday. South Korean authorities Thursday reported 14 new cases o…
Chonbuk National Univ. boasts rich ecological and landscape resources
Following is the fourth in a series of articles on Chonbuk National University’s plan to take a second big leap forward. - ED. Chonbuk National University (CBNU) has precious Mesenat and natural la…
MERS scare deals blow to domestic consumption
Two women wearing masks walk past shops at the Moran Market in Seongnam, Gyeonggi Province, South Korea, Tuesday as the traditional or conventional market was closed amid MERS (Middle East Respiratory…
Actress Uhm Ji-won to appear mystery thriller 'The Silenced'
Actress Uhm Ji-won attends a media preview in the upcoming mystery thriller "The Silenced" at a Lotte Cinema store in Jayang-dong, Gwangjin-gu, Seoul, Tuesday. She plays the headmaster in the film set…
Chonbuk National Univ. provides ‘Residential College,’ ‘Off Campus’ programs for students
Following is the third in a series of articles on Chonbuk National University’s plan to take a second big leap forward. - ED. In the future, our society will need a new breed of leaders who try to …
Actress Oh Yoon-ah files for divorce: agency
Actress Oh Yoon-ah is going through divorce proceedings after eight years of marriage, her management agency in Seoul said on Tuesday. The reason was irreconcilable differences between them, the agenc…
Labor ministry hosts job fair at COEX
Young job seekers look for job opportunity from a bulletin board during a job fair at COEX in southern Seoul on Monday. About 140 companies participated in the job fair hosted by the Ministry of Emplo…
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ETNEWS (http://english.etnews.com/)
D-Ram Continues To Gain Momentum Every Day Due To UHD TV and Dual-Camera Phone
D-Ram continues to have favorable condition in markets. As storage for low and middle priced Smartphones grew, need of demand for new memories such as UHD TV and ...
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Mir Tec Is Entering Chinese Market With Its Cost-Effective 3D Auto Optical Inspection (AOI) Equipment
3D optical inspection equipment was developed with world-class performance and more competitive price than Chinese products. Mir Tec (CEO Park Chan Hwa) announced on ...
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[Seeing Future Technologies Through Patents] What Technologies Did Apple Buy?
Apple buys patents that are needed without any hesitation. When they enter into new field or protect its existing market, it found its way out buy purchasing lar...
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Time Frame Of Sale Of Dongbu Hitek Is Still Unknown
Process of selling of Dongbu Hitek that started since second half of last year is still not making any progress after almost 1 year. Sale company Korea Development Ba...
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What Is Samsung's Direction Against Apple Pay's Expansion...Large Affiliates Are Joining
NFC payment platform will be introduced in Everland where 7 million people visit every year. Following Everland, Shilla duty free shop, Walkerhill, convenience st...
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