Aug. 31, 2015
The Korean daily media headlines and humor
Monday, Aug. 31, 2015
Your Excellency:
Here are The Korea Post news, The Korea Post notices, 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.
-------------------------------------------
The Korea Post news:
PM Hwang attends Gyeongju Silk Road Festival on behalf the President
Dignitaries from over 40 countries2015.08.31 12:37
President Park Geun-hye takes strong interest in the promotion of cultural exchange between Korea and all the countries of the world, especially those in Asia and Europe including the countries on the Silk Road. Against this backdrop, President Park had been scheduled to attend the opening ceremony of the 2015 Gyeongju Silk Road Culture Festival on Aug. 21, 2015, which, however, did not materialize due to the mounting tensions on the Korean peninsula at the time due to military provocations caused by the North Korean regime while a high-level inter-Korean negotiations were in progress at Panmunjom. For further details, please visit: /news/view.html?section=162&category=182&no=1041
-------------------------------------------
The Korea Post news:
Invitation to Asia's largest Kim's Eye Hospital in southern Seoul
Has Your Excellency ever heard of the name, Kim's Eye Hospital? The Hospital is the largest in Korea and is considered to be so also in Asia. Director of the Hospital is Dr. Mrs. Yonglan Kim, the daughter of President Hi-soo Kim of Konyang University. Please visit:
/news/view.html?section=160&category=179&no=1037
At this time, I am pleased to inform Your Excellency that President Hi-soo Kim of Konyang University and Director Ms. Yonglan Kim of the Hospital cordially invite Your Excellency and Madam to inspect the ultra-modern facilities and equipment of the Hospital together with a selected number of other Excellencies and Madams on Friday September 18, 2015. If Your Excellency and/or Madam wish to have an ophthalmological check-up, you are most welcome.
For reservation and inquiries, please call:-
Mobile phones: Ms. Kim at 010-3388-1682 (Korean), David Chung at 010-3481-1101 (English) or Chairman Lee at 010-5201-1740.
Regular phones: 2298-1745/6, 2298-1740/2
-------------------------------------------
A round-up of the latest news published Korean media:
KBS (http://world.kbs.co.kr/english/news/)
Both Koreas Downgrade Military Posture to Peace Time
The South Korean military has downgraded its defense posture to its usual level while the North is also said to have lifted its special alert order for its forward units.
S. Korea, Japan Education Ministers Meet for First Time in 15 Years
BOK Business Survey Index Falls from Previous Month in August
Gov't Bolsters Dokdo Site to Counter Japan's Dokdo Portal
105 Years Ago Today Korean Sovereignty Was Handed to Japan
Gov't to Allow Skilled Foreign Workers to Easily Extend Stay
Business Sentiment Remains Weak
Both Koreas Downgrade Military Posture to Peace Time
'Faithful Implementation to Bring Rapid Progress in Inter-Korean Relations'
N. Korea Accepts Offer to Hold inter-Korean Red Cross Talks on Sept. 7
'Sanctioned N. Korean Ships Frequently Entered Russia'
UN Chief to Attend China Parade Despite Protest from Japan
China Welcomes Park's Decision to Attend Military Parade
OECD: S. Korea Health Spending Low, but Rate of Increase Fast
Gov't to Return 10% VAT to Foreign Patients Having Plastic Surgery
Gov't to Cut University Student Quotas by 40,000 over 3 Years
Ancient Ship Found Near Mado Island
20th BIFF to Open on Oct.1
Exhibition of Princess Deokhye’s
Korean Team Discovers New Substance for Possible Cure of Septicemia
Typhoon Goni Brings Heavy Rain, Strong Winds
Mackerel Catch Soars 208% in H1 YoY
Son Heung-min Heads to Tottenham, Becomes 13th S. Korean Premier League Player
'Construction of Stadiums, Facilities for 2018 Olympics on Track'
Lydia Ko Wins Canadian Pacific Women’s Open
-------------------------------------------
Yonhap (http://english.yonhapnews.co.kr)
S. Korean manufacturers' confidence inches up for Sept.
South Korean manufacturers turned slightly positive on their business prospects for September, a poll showed Monday, but the improvement was limited due mostly to nagging concerns over China's slowing growth.
Ailing Daewoo Shipbuilding pushing for restructuring
Daewoo Shipbuilding & Marine Engineering Co., South Korea's No. 2 shipbuilder, is pushing for a massive restructuring drive next month, including the sale of assets worth up to 400 billion won (US$339.1 million), as it struggles to recover from huge losses, industry sources said Monday.
S. Korea's industrial output dips 0.5 pct on weak exports in July
South Korea's industrial output edged down in July as weak exports dented demand for electronic parts and machinery and equipment, a government report showed Monday.
Koreans' overseas card spending hits record high in H1
Overseas credit card spending by South Koreans hit a fresh record in the first half of 2015 on widened duty-free benefits and a rise in the number of outbound travelers, central bank data showed Monday.
Sydney Seiler expected to step down as special envoy for six-party talks
Sydney Seiler, U.S. special envoy for the six-party talks aimed at ending North Korea's nuclear program, is expected to step down from the State Department position, a diplomatic source said Sunday.
60 yrs after Korean War, mine-strewn DMZ ..
Sydney Seiler expected to step down as special envoy for s..
Both Koreas' militaries return to peacetime mode
N. Korea's Kim marks death anniversary of Unification Chur..
Ailing Daewoo Shipbuilding pushing for restructuring
China's yuan cut to have limited impact..
Seoul shares open lower on techs, carmakers
S. Korea's industrial output dips 0.5 pct on weak e..
KOSPI 1,934.12 DN 3.55 points (open)
Kim Soo-hyun draws thousands at China event
Festivals Calendar - September 2015
Rangers' Choo extends on-base streak with single
S. Korean Bae falters in final round of PGA Tour playoff e..
------------------------------------------
The Korea Times (http://www.koreatimes.co.kr)
Koreas swiftly shifting to dialogue
South and North Korea will hold Red Cross talks early next week to discuss family reunions after Pyongyang accepted Seoul’s proposal for the meeting, the Ministry of Unification said Sunday. Separately, the two Koreas plan to ho...
Regular, non-permanent workers' wage gap widens
The wage gap between regular and non-regular workers has widened further this year, government dat...
'NK seeking diplomatic leverage'
North Korea appears to be seeking dialogue with South Korea to make a diplomatic breakthroughs in its stalled relations with other regional powers _ especiall...
Japan upset over Ban's visit to China
United Nations Secretary General Ban Ki-moon’s plan to travel to China this week to attend its mas...
Over 500 doctors indicted for kickbacks
The prosecution has found 536 doctors allegedly took money or entertainment from pharmaceutical firms or medical appliance companies in return for using their...
Worker dies while repairing screen door at subway station
A man died after he became caught between a subway car and a platform screen door at Gangnam Station in southern Seoul while attempting to repair the door, Sa...
Physician-advocate Park Chang-il helps disabled people step out of the shadows
As a young man, Park Chang-il never doubted his future as an orthopedic surgeon.
New A6, A7 sedans lead Audi sales
In the most fought-over midsize imported car segment, Audi is making tangible results in the local...
Honda conducts massive recall in Korea
Honda Korea has been ordered to recall more than 21,000 sports utility vehicles (SUVs) and motorcy...
Seoul to help needy with recyclable hotel toiletries
The Seoul Metropolitan Government (SMG) said Sunday it will work with hotels to collect recyclable toiletries and electric appliances and distribute them to l...
New Weolseong No. 2 reactor starts operation
The second reactor at the new Weolseong nuclear power plant in Gyeongju, 370 kilometers southeast ...
------------------------------------------
The Korea Herald (http://www.koreaherald.com)
Cross-border tensions fade
Cross-border tensions further abated over the weekend as North Korea accepted the South’s offer to hold bilateral Red C...
The irony of plagiarized ‘self-introductions’
“I’m a talented individual who is very diligent.”“From a very young age, I was very interes...
Chaebol face calls to testify at Assembly
More big business leaders than ever are expected to appear at...
Delegation flies to Middle East to gauge interest in Woori Bank
A group of high-profile financial officials from Korea flied to the Middle East on Sunday to ch...
Cable car approval touches off dispute
The government’s decision to allow the construction of a second cable car route on Mount Seoraksan last ...
Chung’s contributions
In an interview with a local newspaper, the Seoul Philharmonic Orchestra’s music director C...
Heavier punishment
Phone scammers got their just deserts when the Daegu District Court sentenced two men to six...
‘Dynamic’ but ‘safe’ Jaguar XE is a catch
“Safe” and “dynamic” may appear to be conflicting ideas at first glance, but they are two o...
------------------------------------------
DongA Ilbo (http://english.donga.com)
Good examples to repel voice phishing scams
“It makes no sense. Are you really a police officer?” Korea’s Financial Supervisory Service (FSS) and the National Police Agency (NPA), which recently have released some recordings of actual voice phishing frauds on...
Stock prices home and abroad would go up and down for sometime
Escaping from the “China shock,” the global stock market appears to calm down. Some, however, see that the stock prices home and abroad would go up and down for some time before uncertainty for increase rate increase is...
Good examples to repel voice phishing scams
“It makes no sense. Are you really a police officer?” Korea’s Financial Supervisory Service (FSS) and the National Police Agency (NPA), which recently have released some recordings of actual voice phishing frauds on...
Tottenham is looking for Son Heung-min
Although Son Heung-min has yet to be listed for the game, fans of Tottenham Hotspur F.C. welcomed, chanting his name. Having completed the deal with Tottenham in the English Premier League (EPL), Son Heung-min (aged...
American YouTube star attends YouTube Fan Fest in Seoul
“There is no such thing as an “overnight star.” You have to be consistent in creating your contents and uploading them. Don’t cling to the number of visitors and readers. Even only one reader for your contents can be...
Japan opens Internet portal offering content on Korean islets of Dokdo
The Japanese government on Friday opened an Internet portal site providing information on South Korea`s easternmost islets of Dokdo, on which Tokyo lays territorial claims. The move is viewed as Tokyo`s intention to...
Thames struck by sudden slump suffers poor batting average
Seoul ward names road after Korea`s first Supreme Court chief justice
Hyundai Motor chairman meets Shandong Province governor
`Open` marketplace to be held at Jamshil Station underground plaza
Obama may endorse a 2016 presidential candidate
Kang Jung-ho garners the season’s 27th walk
Korea’s women’s basketball team determined to go to Olympics
Shinzo Abe to skip World War II 70th anniversary events in China
-------------------------------------------
Chosun Ilbo (http://english.chosun.com)
Half of College Graduates Live with Parents
Half of young graduates are either living with their parents or depend on them financially after leaving university or finding jobs. This trend is mainly due to the tough job market. >> Full Text
Armies Stand Down on Both Sides of the Border
The armies of the two Koreas have eased their respective alert level to a peacetime posture. Tensions rose after two South Korean soldiers were maimed by box mines in the demilitarized zone and the South resumed a propaganda loudspeaker campaign, with North Korean leader Kim Jong-un putting the army on a quasi war footing. >> Full Text
Parents Desperate to Marry Off Their Kids
As more and more young Koreans put off marriage, parents are increasingly taking the initiative to find mates for them. Some have even formed social clubs with other parents in order to find mates for their children. >> Full Text
More Customers Plump for Affordable Smartphones
Seoul Hopes to Resume 3-Way Summits with China, Japan
Dozens Killed, Thousands Homeless in N. Korean Floods
Hyundai to Embark on Massive Recruitment Drive
Police Arrest Mastermind Behind Peeping-Tom Videos
Son Heung-min Transfer Reports Disappoint Leverkusen Teammates
Kim Yu-na to Promote Youth Olympics in Norway
-----------------------------------------
Hankyoreh Shinmoon (http://english.hani.co.kr)
Pres. Park’s approval rating up to nearly 50% after inter-Korean agreement
Respondents cite peaceful resolution with North Korea as main reason for spike in support
Following the high-level talks between South and North Korea on Aug. 25, President Park Geun-hye’s approval rating jumped to nearly 50%, a poll shows. On Aug. 28, Gallup Korea announced that 49% of the 1,004 adults from around South Korea that it surveyed between Aug. 25 and Aug. 27 thought positively of Park’s job performance. This was a 15 percentage point jump from just one week ago, when Park’s approval rating was 34%, and it is the highest number since the third week of April 2014 (59%), just before the sinking of the Sewol ferry.
[Analysis] Halfway through term, Pres. Park hasn’t accomplished anything noteworthy
With Park Geun-hye reaching the midpoint of her term as president on Aug. 25, political analysts are offering critical assessments of her first two and a half years in office. When the Hankyoreh contacted 10 political scientists, pundits, and other experts on Aug. 23 to ask for a midway assessment of Park’s administration, all 10 responded that Park had yet to do anything worth assessing. .
Pres. Park avoids in-person meetings, and that may cause bungled efforts
One of the most frequent criticisms directed at President Park Geun-hye during her term so far has had to do with her avoidance of face-to-face reports. Her preferred method of communicating in writing and by telephone rather than meeting and discussing matters personally has been cited as more than just an idiosyncrasy, but the chief factor in repeated instances of confused government responses. .
[Cine feature] 7 Korean co-production milestones
As the local industry reaches saturation point at home, with Korean films looking to breach the 100 million admissions mark for the third straight year, alternate avenues for growth are being explored by studios and talent. New projects by Bong Joon-ho, Park Chan-wook and Kim Jee-woon have drawn international media attention but just as prevalent in the news these days is news of Korean co-productions, most prominently with neighboring China, whose market became the world’s second largest last year and is already tracking 40% of its 2014 total this year. .
----------------------------------------
JoongAng Ilbo (conservative): (http://koreajoongangdaily.joinsmsn.com/)
Pyongyang gives OK for talks on family reunions
North’s response comes quickly as both sides move to ease tensions
Pyongyang on Saturday immediately accepted an offer from the South Korean Red Cross to hold working-level talks on Sept. 7 to discuss reunions for families separated during the 1950-53 Korean War, the latest in a series of steps by both countries to decrease tensions on the peninsula...
Company labor costs still rising steadily, data shows
It cost an average of 4.67 million won ($3,956) per month last year for domestic companies to keep on one employee, according to data released Sunday…
Plan aims to buoy medical tourism
The government on Sunday proposed a plan that aims to encourage more medical tourists to seek treatment in Korea, which includes offering multi-lingual support…
‘Social’ shopping services evolve as retail industry shifts
Bottles of mineral water, fresh figs from Jeolla, a discount coupon for a pedicure service at a nearby nail salon and reduced-price airline tickets.It’s hard to imagine…
Struck by oncoming train, maintenance worker dies
A 28-year-old on-duty maintenance worker died Saturday evening at Gangnam Station in southern Seoul when he was struck by an oncoming train after getting stuck…
111 questioned in marriage agency crackdown
Police are investigating more than 100 people after a crackdown on 72 agencies across the country suspected of operating illegal marriage brokering services…
Seoul reinforces website on Dokdo
Tokyo launched a new governmental Internet portal site bolstering its claim over the Dokdo islets in the East Sea at the same time the Ministry of Foreign Affairs in Seoul…
Developers place their bets on future casinos
The field is narrowing in the race for two multibillion-dollar casino businesses in Korea. The Ministry of Culture, Sports and Tourism on Thursday…
Mortgage loans stay high despite cuts in base rate
Despite falls in the key interest rates set by the Bank of Korea, net interest spreads of mortgage loans issued by the banks continued to rise in the past two years…
-------------------------------------------
Maeil Kyungje (neutral-oriented conservative, economic/business): (http://news.mk.co.kr/english/)
Recruitment plans for top 30 groups
Amid uncertain economic outlook at home and abroad, South Korean large companies are expected to hire more recent college graduates in the second half this year compar.. ...08.30 17:15
Large companies release youth employment plan
More and more South Korean business groups have released a mid-term or long-term employment plan. The move for large companies to release employment plans amid uncert.. ...08.30 17:14
Samsung conducts reshuffle of chemical businesses
Samsung Group has reorganized its business structure of electronics and chemistry sectors through exchanges of shares and businesses of Samsung SDI and Samsung Fine Ch.. ...08.30 13:25
Park’s approval rating reaches close to 50%
Even though South Korea has entered the second half of the Park Geun-hye administration after passing the halfway point, the administration has regained the driving fo.. ...08.30 10:38
Hyundai Motor union demand undeterred by push to create more youth jobs
Hyundai Motor’s labor and management had held 22 rounds of collective wage negotiations since the first meeting on June 2. However, the labor union declared collapse .. ...08.28 15:42
License fee hike against duty free shop operators
There are growing voices in the National Assembly for raising a license fee for duty free shop operators because their sales are surging, while paying only a small fee.. ...08.28 15:40
JCT begins frugal phone service for foreigners
A frugal phone service has begun for foreign workers and residents in South Korea. They will be able to use mobile phone services without a complicated subscription pr.. ...08.28 15:28
Gov’t to ramp up defense and job budget
The South Korean government will sharply cut growth and tax revenue forecasts in the process of next year’s budget compilation. It will also increase the budget for j.. ...08.28 11:27
DSME grapples with another liquidity squeeze
Korea Development Bank (KDB), the largest shareholder of Daewoo Shipbuilding & Marine Engineering (DSME), is beleaguered by the ailing shipbuilder facing another liqui.. ...08.28 10:38
S. Korea’s growth pattern looks surprisingly similar to Japan’s
South Korea’s nominal GDP growth, that is, real growth plus inflation, looks surprisingly similar to the Japan of 20 years ago, state think tank Korea Development Ins.. ...08.27 17:42
----------------------------------------
The Kyunghyang Shinmoon (http://english.khan.co.kr/)
Will North Korea Launch Long-Range Rockets in October? First Test in Inter-Korean Relations
North and South Korea avoided a military clash with the August 25 agreement, but the path to actual progress in inter-Korean relations and the expansion of exch···
[Editorial] Leading the Ruling Party's Campaign for the General Elections, Choi Kyung-hwan and Chong Jong-sup Are Not Qualified to Be Ministers
Minister of Government Administration and Home Affairs Chong Jong-sup made a toast to a "victory in the general elections" at a dinner of Saenuri Party lawmakers, and the New Politics Alliance for D···
80 Million Cases in 3 Years, 1.6 Times Per Citizen: Indiscriminate Inquiry of People's Communications Data
Last October, A, a man in his thirties received a phone call from the police. The person on the other side of the receiver asked, "What did you do at ** (place···
Hard to Expect an Increase in Domestic Consumption with the Government Measures to Stimulate Consumption
Yesterday, the government presented measures to stimulate domestic consumption. The new government plans include lowering the individual consumption tax on larg···
From Confrontation to Dialogue: Inter-Korean Relations Take the First Step in a New Direction
North and South Korea met at the crossroads of war and peace and a meeting of high-level officials, which continued late into the night for four days, ended in ···
Moon Jae-in, 'Praise the Government's Effort in Doing Its Utmost'
The response among politicians to the expression of regret on the landmine incident and the agreement to cease propaganda broadcasts against the North by senior···
Climbing Foreign Exchange Rates and the Crashing Stock Market: South Korean Economy Suffers a Double Blow
The domestic financial market fell into panic yesterday with foreign exchange rates soaring and the stock market crashing down. The KOSPI index fell 2.5% from t···
-----------------------------------------
The Korea Economic Daily (http://english.hankyung.com/)
Gov't to Resume Int'l Grain Buying Business after Failure in 2013
The grain importing business that the government had tried for years ago will be resumed, this time through a private sector-led initiative. According to government sources on August 30, the government budget of 55 billion won returned to the state coffer after the Ministry of Strategy and Finance f...
[Market Insight] SK Group Invests in Global Healthcare Firms by Joining with China's Fosun Group
SK Group is investing heavily in global healthcare firms by joining hands with Fosun International of China, the country's largest private-owned conglomerate. According to investment banking sources on August 30, SK Group has set out to make investment in healthcare companies around the world throug...
Business Sentiment for September Remains Gloomy
The business sentiment index (BSI) for September turned out to be gloomy due to China's yuan depreciation and the plunge of the Chinese stock market. According to the Federation of Korean Industries' BSI survey with the nation's top-600 companies in sales terms, the BSI for September stood at 95.1,...
LG U Surpasses 20% in July Market Share
LG U passed the 20-percent mark in Korea's wireless telecom service market, in terms of the number of people who actually pay telecom bills. According to the Ministry of Science, ICT, and Future Planning on August 28, LG U had a share of 20.10 percent as of the end of July 2015. This figure is up...
Hyundai and Kia to Showcase Variety of Brand-new Models at IAA
Hyundai Motor and Kia Motors are set to show off a variety of brand-new models, including new Avante and Sportage at the 2015 Frankfurt Motor Show (IAA) which will open on September 15. According to industry sources on August 28, Hyundai Motor is preparing to debut its 6G new Avante at the Frankfurt...
-----------------------------------------
AJU Business Daily (http://eng.ajunews.com/korea)
Chinese chef Lee Yeon-bok promotes Paldo's new black bean paste ramyeon
Chinese chef Lee Yeon-bok, left, and models pose with "Paldo Jjajangmyeon," a new premium black bean paste ramyeon produced by Paldo Food Co., during a promotional event for the product at the Yein Ha…
Exhibition on South Korea in 1970s and 1980s opens
Women take a look at exhibits during their visit to an old back-alley pub at an exhibition in the old Seoul Station building, central Seoul, to mark the 70th anniversary of Korean liberation from the …
Campaign to protect people from unwanted pregnancy launched
With a month to go before the World Contraception Day, employees of Bayer HealthCare Korea hold a quiz show about the pharmaceutical company's "Your Life" campaign to protect people from unwanted …
It's time for students to rent a room
A student takes a look at a bulletin board on the wall near Chung-Ang University in Hukseok-dong, Dongjak-gu, Seoul, Thursday to rent a room before the beginning of a new semester.
Religious leaders issue declaration for peace on Korean Peninsula and reunification of two Koreas
Religious leaders try to demolish a barbed-wire fence after a meeting during which they issued a "declaration for peace on the Korean Peninsula and the reunification of two Koreas" at the Korea Press …
Korea Grand Sale to continue until Oct. 31
A large placard reading Korea Grand Sale hangs on the wall of a department store in downtown Seoul on Wednesday. The Visit Korea Committee kicked off Korea Grand Sale, one of South Korea's largest…
Bird's-eye-view of Seodaemun Station intersection in central Seoul
A photo taken on Monday shows the bird's-eye-view of the Seodaemun Station (Line 5) intersection in central Seoul from the Nonghyup Bank's headquarters, after work to demolish a 44-year-old el…
Autumn is approaching
A man with a smartphone takes a picture of his wife in a field with sunflowers in Jipyeong-myeon, Yangpyeong-gun, Gyeonggi Province, Sunday, as summer is drawing to a close.
-----------------------------------------
ETNEWS (http://english.etnews.com/)
South Korea’s OLED Material Businesses Are Strengthening Their Main Abilities Through ‘Choices And Concentration’
South Korea¡?s OLED material businesses are strengthening their competitive edges through ¡®Choices and Concentration¡? strategy. As growt...
Upper Rank Of Mobile Game That Started With Chinese Game And Ended With Chinese Game…Korean Businesses Are Feeling Pressured By This Trend
Chinese games recorded number 1 and number 10 in sales of Korean mobile games. Chinese games proved strength of ¡®China Trend¡? as a game that was ...
Stock Market Is Happy About Reconciliation Of South Korea and North Korea, But Worried About Chinese Stock’s Continued Drop
Korea¡?s stock market became happy in a long time when there was news about dramatic settlement in a meeting between high-rank officials from South Korea and N...
Internet Companies Regularize Their Competition Against Simple Payments That Are Rising
As Samsung Pay and KT are opening fire into simple payment markets, internet companies set out to counter-attack against them. KT and BC Card are also planning to re...
Hyundai Does A Public Collision Test Of Domestic Sonata and Exported Sonata…
It Took A High-Risk Method To Wipe Out Controversy About Discrimination It Wiped Out Controversy About Discrimination…A-Fi
Hyundai wiped out its customers¡? worries about different in safety level between domestic cars and cars that are to be exported. It was able to prove t...
------------------------------------------
Send your news releases and feedback:
Send the Embassy news releases to edt@koreapost.com for publication by all its five media units, including one Korean (www.koreapost.co.kr) and one English (www.koreaposst.com) Internet dailies, which are updated real-time. (Call 010-5201-1740 for further details.)