Dec. 1, 2015
The Korean daily media headlines and humor
Tuesday, Dec. 1, 2015
Your Excellency:
Here are The Korea Post notice and a roundup of important headlines from all major Korean-language dailies, TV and other news media of Korea 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.
A round-up of the latest news published by the Korean media:
KBS (http://world.kbs.co.kr/english/news/)
Park, Putin Share Views to Achieve Peace on Korean Peninsula
President Park Geun-hye has agreed with Russian President Vladimir Putin that the trilateral cooperation among the two...
Nuke Envoys of S. Korea, US, Japan to Meet in Washington Thursday
Park Hopes Korean Art Will Console French
Park Visits Site of Terror Attack in Paris
Consumer Prices Rise 1% YoY in November
S. Korea Ratifies FTAs with China, Vietnam, New Zealand
'S. Korea's Trade Volume Unlikely to Reach $1Tln This Year'
Seoul, Pyongyang Open to Upgrading Vice-Ministerial Talks
Koreas to Hold Vice-ministerial Talks Next Month in N. Korea
N. Korea Begins Construction on Internet Communications Bureau
IMF Decides to Add Yuan to Reserve-Currency Basket
China to Launch Project Next Year to Build World's Longest Underwater Tunnel
Chiefs of S. Korea's Overseas Missions in Asia Pacific Discuss Safety Measures
Incheon Designates 'MacArthur Road' to Honor US General
Gov't Releases 538 Prisoners
Police to Carry out Stricter Steps Against Illegal, Violent Protests
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Yonhap (http://english.yonhapnews.co.kr)
PM vows stern measure against masked protesters
Prime Mister Hwang Kyo-han on Tuesday vowed to take stern measures against those committing violent acts while hidden behind face masks during street rallies.
N. Korean envoy gets tour of Chinese herbal medicine
North Korean Ambassador to China Ji Jae-ryong took a rare tour of Chinese herbal medicine and traditional medical treatment at China's southern resort city of Sanya, according to the city government on Tuesday.
Psy aims to be 'grade-A' singer
South Korean rap sensation Psy released his new album Tuesday, his first since the smash hit "Gangnam Style" catapulted him to worldwide fame.
Daily won-yuan trading tops US$2 bln in one year
The average daily trading volume of the won-yuan trading market here has exceeded US$2 billion over the past year as it has successfully taken root to help bolster South Korea-China economic ties, data showed Tuesday.
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The Korea Herald (http://www.koreaherald.com)
IMF approves China’s yuan as elite reserve currency
The International Monetary Fund welcomed China’s yuan into its elite reserve currency basket on Monday, recognizing the...
Assembly ratifies Korea-China FTA
South Korea’s National Assembly on Monday ratified the long-delayed free trade agreement with ...
Park seeks to bridge gap on climate deal
Park gets off her plane at the Paris Orly Airport on Monday. President Park Geun-hye on M...
Internet banks could spark financial ‘big bang’
The upcoming launches of the nation’s first two Internet-only ba...
Kakao, KT pin hopes on Internet-only banks
Yoon Ho-young (right), executive director of Kakao Corp., poses with Kim In-hoe, executive director of KT...
Internet-only banks
Kakao Corp. and KT Corp. have emerged as winners of the heated race to launch Korea’s first...
Another rally
The possibility of another clash between the police and activist groups is looming large as ...
State-authored textbooks monopolize interpretation of public memory
The South Korean government’s move to publish state-authored textbooks mimics tactics used by ...
Rediscovering the beauty of Korean architecture
The snowy scenery of Buyongji viewed from Yeonghwadang in Changdeokgung Palace by Bae Bein-u (L...
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The Korea Times (http://www.koreatimes.co.kr)
Samsung names new head for mobile business
South Korea's top conglomerate Samsung Group on Tuesday appointed a new head for its flagship mobile business, which is struggling with falling margins amid r...
Korea to issue yuan-based bonds in China
Korea plans to float yuan-denominated foreign exchange stabilization bonds in China within this year, becoming the first foreign country to issue government b...
Translation Awards winners honored
Sophie Bowman from the U.K. started learning Korean eight years ago as a second language because s...
Closed mines to be tourist attractions
The government plans to transform a number of abandoned mines located in Gangwon Province into tourist attractions as part of their efforts to revive the regi...
Many NK defectors resort to selling sex in South
A considerable number of female defectors from North Korea have become sex workers here after experiencing difficulties adjusting to life in the South, accord...
Top nuclear envoys of Seoul, Washington, Tokyo to meet this week
South Korea, the United States and Japan will send their top negotiators for a three-way conversation this week in Washington, D.C. on six-party talks for Pyo...
US airman's love of rocks results in shift in archaeological studies
In 1977, U.S. Air Force senior airman Greg Bowen and his then Korean girlfriend and later wife, Yi...
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DongAIlbo (http://english.donga.com)
IMF puts Chinese yuan in SDR currency basket
The International Monetary Fund has decided to include the Chinese currency in its special drawing rights reserve on Monday. The SDR is the right to draw foreign reserve currencies without collateral by countries...
Donggyo, Sangdo factions agree to unite to mend conflict by inheriting spirit of YS-DJ
The democratization campaign council (or Minchuhyeop), which the Sangdo-dong faction for late former President Kim Yong-sam (YS), and the Donggyo-dong faction for the late former President Kim Dae-jung (DJ) jointly...
Forgery scandal over da Vinci`s La Bella Principessa
On Monday, the British daily Independent reported the alleged forgery over the Le Bella Principessa (pictured), one of the masterpieces of Leonardo da Vinci worth about 100 million pounds (50 million U.S. dollar). The...
Dong-A Sports Awards to honor players picked by colleagues
The 2015 Dong-A Sports Awards ceremony, for which winners will be voted in person by teammates who played together throughout the season, will take place at Four Seasons Hotel in Seoul’s Jongno district on Tuesday. The...
Lawmaker sued for alleged exerting of influence for son`s education
Rep. Shin Ki-nam of the main opposition New Politics Alliance for Democracy was accused by prosecutors for allegedly pressuring the law school of his son who failed in graduation exam. Attorney Bae Seung-hee at...
KT, Kakao become the first Internet-only banks in Korea
“K-Bank (tentative name)” of KT Corp. and “Kakao Bank (tentative)” of Kakao Corp. have won a license for Internet-only bank. Based on a review by external evaluation committee over the weekend, the financial regulator...
WSJ: ‘Korea overcomes preference for boys through education’
Pres. Park offers condolences to the deceased Kim Young-sam
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ChosunIlbo (http://english.chosun.com)
Kim Jong-un 'Watched Failed Missile Test'
North Korean leader Kim Jong-un probably watched the test-launch of a ballistic missile from a submarine that went awry last Saturday, the National Intelligence Service here speculated Monday. The test was conducted in waters in the East Sea near Wonsan. >> Full Text
Korea Ratifies FTA with China
The National Assembly on Monday ratified a free trade agreement with China, paving the way for Korean businesses to gain increased access to 1.3 billion Chinese consumers. Seoul and Beijing wrapped up their FTA negotiations in November of last year and officially singed the agreement in June. >> Full Text
Ancient Metal Type Found in Kaesong
A piece of Koryo-era metal type predating what is believed to be the world's oldest book printed with movable metal type in 1377, has been unearthed in the North Korean border town of Kaesong. The piece was excavated from Manwoldae, a Koryo Dynasty palace in Kaesong. >> Full Text
Korean Smartphones Get Cheaper as Chinese Brands Rise
More People in Seoul Think They Are Fatter Than They Are
Japanese Fashion Chain Achieves W1 Trillion in Sales in Korea
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HankyorehShinmoon (http://english.hani.co.kr)
One gov’t critic now feeling the brunt of “politics of vengeance and retribution”
Man detained and charged with defaming president after scattering leaflets critical of the president
On Feb. 16, a poet named Byeon Hong-cheol, 46, and another individual, surnamed Shin, 34, scattered 40 or so leaflets in front of the Saenuri Party offices in Daegu with the message, “Is she trying to play up security risks in order to cover up rumors about a tryst with Chung Yoon-hoe? Compared to Park Geun-hye, Lee Myung-bak was a pretty good president!”
[Reporter’s notebook] On Flickr, a chance to see the non-aggressive North Korea
Vivid, yet strange. Looking at pictures taken by travelers to North Korea on Flickr is an experience that evokes conflicting emotions. Run by Yahoo, Flickr is counted alongside Instagram as one of the leading photo-sharing sites around. Most of its images are travel pictures. But recent years have seen a marked increase in photos taken around North Korea. .
Business owner hangs critical poster, gets visits from the cops
Hwang Yeon-ju recently received a visit from around ten police officers. The 44-year-old, who runs a furniture workshop in Seoul’s Mapo district, had put up a poster in her shop window from the popular indignation rally held on Nov. 14. It showed the face of President Park Geun-hye, with the words “the dictator’s daughter” underneath it. Another read, .
[Analysis] Can upcoming meeting lead to real improvement in inter-Korean relations?
With North and South Korea agreeing to hold talks at the vice minister level at the Kaesong Industrial Complex on Dec. 11 in order to discuss “pressing issues in the improvement of inter-Korean relations”, the next question is whether this will lead to progress in inter-Korean relations. On Nov. 26, the two sides agreed to hold vice minister-level negotiations in a working-level meeting on the northern side of Panmunjeom that lasted until midnight.
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JoongAngIlbo(conservative): (http://koreajoongangdaily.joinsmsn.com/)
After months, Assembly ratifies FTA with China
Subsidies for farmers was at heart of debate that delayed passage
The National Assembly approved Monday a long-stalled free trade agreement with China, Korea’s largest trading partner that has a market with a population of 1.3 billion.The ruling and opposition parties passed the motion to ratify the Korea-China Free Trade Agreement (FTA), with 265 lawmakers participating…
Forum focuses on shared progress
Speakers at the 10th annual Northeast Asia Trilateral Forum on Monday emphasized cooperation among Korea, China and Japan…
Religious leaders to pay income tax
In a sweeping revision of Korea’s tax system, the government plans to tax religious leaders for the first time and change regulations governing “corporate cars.”…
Most welcome Korea-China FTA
The business community welcomed the ratification of the Korea-China Free Trade Agreement (FTA) on Monday, hoping the bilateral pact will help…
Analysts want the next deal to include Japan
Now that Korea has implemented a free trade agreement (FTA) with China, its next step should be pushing larger deals like the Korea-Japan-China FTA,…
KVA head faces charge over bribery
The president of the Korean Veterans Association (KVA) is facing charges of breach of trust for taking bribes worth 400 million won ($345,768) from the nephew…
Wider rift with Ahn on his own
The internal rift in the main opposition grew wider Monday as its chairman questioned the integrity of his rival, Ahn Cheol-soo…
E-Land puts Kim’s Club up for sale
Korea’s retail giant E-Land Group said on Monday it would sell off its discount chain Kim’s Club. …
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MaeilKyungje (neutral-oriented conservative, economic/business): (http://news.mk.co.kr/english/)
S. Korea’s National Assembly approves FTA deal with China
South Korea’s National Assembly approved the country’s free trade agreement (FTA) with China on Monday after holding a plenary session to vote on the pact. The agreement is expected to take effect as early as this year after China completes its ratification procedure.
Kakao and KT win license to operate Internet-only bank
South Korea’s leading mobile messaging platform provider Kakao Corp. and the nation’s second largest mobile carrier KT Corp. will ...
Internet-only banks to bring new changes
Financial services in South Korea are expected to change drastically as information technology service giants like Kakao Corp. and KT ...
Korea’s KCI mulling stake sale in IHQ to meet debt obligation in cable
South Korea’s Kookmin Cable Investment Inc. (KCI) is mulling various options to keep C&M, the largest cable TV service provider in ...
Korean outdoor clothing turns to sportswear brand for broader appeal
Outdoor clothing and product manufacturers in South Korea are transforming into sportswear brands as the fad over outdoor apparel ...
Foreign tourists will be refunded on purchases at tax-free retailers in Korea
Foreign tourists won’t have to pay value-added and sales taxes in each purchase of 200,000 won ($172) or up to 1 million won in ...
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The KyunghyangShinmoon(http://english.khan.co.kr/)
Make the VIP Uncomfortable, Be the First to Be Censored
According to an analysis, the Park Geun-hye government seems to be more thorough in censoring contents related to the president and her father (former President···
[Editorial] The World's Fate Lies on the UN Climate Change Conference
?From November 29 (local time) until December 11 can be the most important two weeks in the history of mankind. The United Nations Framework Convention fo···
[Editorial] The Incomprehensible Discourtesy of President Park on the Occasion of YS’s Funeral Ceremony
President Park Geun-hye did not attend the funeral ceremony for former President Kim Young-sam yesterday, which was conducted as a state funeral. Instead, she c···
‘Cohesion and Harmony’ to Achieve: A Challenge YS Left Behind on His Final Journey
On November 26, former President Kim Young-sam, commonly known as YS, found a final resting place. Kim led anti-dictatorship and pro-democracy struggles in h···
[Death of YS] Once Enemy Chun Doo-hwan Remains Silent when Asked about Reconciliation with YS
On November 25, the fourth day since former President Kim Young-sam's death, former President Chun Doo-hwan (84) visited the funeral parlor to pay his respects···
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The Korea Economic Daily(http://english.hankyung.com/)
Gov't to Compensate 3 Tril. Won for Farmers for Estimated Loss of 360 Bil. Won
A consultative body consisting of representatives of the National Assembly and government agencies has decided to provide more than 3 trillion won in subsidies for the next ten years to farmers and fishermen who are expected to incur losses due to the Korea-China free trade agreement. The expected a...
[Korea-China FTA] Tariff on Chinese Liquor to Be Phased out in 20 Years
The Korea-China free trade agreement will have a sizable impact on consumers directly in the form of lower tariff duties on items such as liquors, food items, agricultural goods, and some manufactured goods. For example, the tariff rate for distilled sorghum liquor, the most popular Chinese alcoholi...
[Korea-China FTA] Korean Exporters to Preempt Chinese Market over Rivals
Korea's National Assembly has finally ratified a free trade agreement with China on November 30. It has been exactly six months since Korean President Park Geun-hye officially signed an FTA deal with her Chinese counterpart Xi Jinping on June 1. With the ratification of the pact, Korean firms will b...
31% of Foreign Shoppers Spend More Than $3,000 during Grand Sale Period
More than 30 percent of foreign tourists who visited Korea during the grand sale event period, spent more than US$3,000 mainly for the purchase of cosmetics and clothes. The Visit Korea Committee conducted a survey with 2,482 foreign tourists who came to Korea during the Korea Grand Sale period, dur...
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AJU Business Daily(http://eng.ajunews.com/korea)
North Korea may have failed SLBM launch
South Korean military suspected the test fire launching of North Korean submarine-launched ballistic missile (SLBM) which was scheduled on Saturday have failed. According to…
North-South plan Vice-Minister level talks in December
North and South Korea have agreed to hold talks at the vice-minister level next month in another attempt to improve their frosty ties. The vice-minister-level talks will be held on Dec. 11 at the industrial park in the North Korean city of Kaesong…
Former university professor jailed for forcing student to eat feces
An expelled South Korean university professor was sentenced to 12 years in prison on Thursday for habitually beating his pupil and forcing him to eat human feces and drink urin…
Lotte recalls $5.8 million worth of Pepero
After repeated reports of “White Cookie Pepero”, packs of chocolate covered cookie sticks, gone bad, its manufacturer Lotte Confectionary, started recall pro…
Daegu city to provide unique VR experience
Daegu Metropolitan City, located in North Gyeongsang province, Korea is to provide Virtual Reality (VR) travel service starting
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ETNEWS(http://english.etnews.com/)
K-Bank and Kakao Are Chosen to Be South Korea’s First Internet Only Banks
K-Bank led by KT and Korea Kakao Bank led by Kakao and Korea Investment Holdings Co., Ltd. Are chosen as South Korea¡?s first internet only bank. I-Bank ...
Startup Breaks Through America’s Biggest Social Casino
A game that was made by a startup company was chosen as the next game for America¡?s biggest social casino company. Bagel Code (CEO Yun Il Hwan made an announc...
LG Group Strengthens Its Business Constitution Centered on B2B Such As Car Parts and Energy
Vice-Chairman Koo Bon Joon of LG Electronics is moving to LG Corporation to become the leader of a group that pushes for new growth businesses and lead LG Group&ie...
Network Equipment Markets Are Worried Due to Small Facility Investments from Telecommunication Businesses
Red light has turned on network equipment industries¡? performance. It seems that it will be inevitable for all of South Korean b...
Inexpensive Tablet PCs Are Becoming More Popular
Competition for Tablet PCs is shifting its direction from expensive products to inexpensive products because demands for expensive products were reduced and it is ...
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Special Notices:
Photo shows President Soon-Heung Chang of Handong Global University (fifth from left, front row) with ambassadors and other visiting members of the Seoul Diplomatic Corps (SDC), including Ambassador Mme Natallia Zhylevich of Belraus (dean of the visiting members of the SDC), fourth from left the same row With Ambassador and Mrs. Sylvestre Kouassi Bile of Cote d’ Ivoire (third and second from left, front row).
And Ambassador Roballo of Argentina (sixth from left, same row) and Ambassadors Mohamed Abdi Gello of Kenya (on the right of the rear row).
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