April 1, 2016

The Korean daily media headlines and humor

Friday, April 1, 2016

Your Excellency:

Here areThe Korea Postnoticesanda roundup of important headlines from all major Korean-language dailies, TV and other news media of Korea today:

/s/

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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Time running out, and there are only six days left to inspect the Hyundai Steel Plant and take the Dangjin Tour on April 8!

Please don’t miss the bus!

Invitation to the Hyundai Steel and DagjinGijisi Tug-of-War Festival (UNSESCO Cultural Heritage)

Your Excellency:

The countdown has begun and now there are only six days to the important Tour of Hyundai Steel and Dangjin for the Excellencies and Madams. See what Hyundai and Dangjin have for the promotion of prosperity of your country through economic-industrial-tourism cooperation!

1. Meet, have luncheon with the CEO and leaders of the famed Hyundai Steel, explore business opportunities with your country.

2. Have hands-on experience in the 600-year-old traditional Korean game of Tug-of-War.

3. It is UNESCO Culutural Heritage.

I am pleased to inform Your Excellency that Mayor Kim Hong-jang of the Dangin City cordially invites Your Excellency and Madam to theDangjinGijisi Tug-of-War Festival (UNESCO Cultural Heritage) on Friday April 8, 2016.The Korea Post organizes the tour at the invitation of Mayor Kim, which also includes a visit to the famed Hyundai Steel Mill.

/news/view.html?smode=&skey=tug-of-war&x=11&y=9§ion=165&category=191&no=912

Here is the interesting schedule:

0820 hours Friday April 8, 2016: Meet at Grqand Hyatt Seoul(near Water Fountain).

0830-1100 hours: Move by Limousine Bus to Dangjin by picturesque West Coast Expressway, visiting the Hyundai Steel Plant on the way to Dangjin.

1100-1140 hours: Visit the Gijisi Tug-of-War Museum.

1200-1340 hours: Luncheon at the Hyundai Steel Guest House hosted by Major and Mrs. Kim Hong-jang of the Dangjin City with the Management of the Company.

1400-1420 hours: Wear traditional Korean costumes of the King, General and Court ladies.

1430-1640 hours: Have hands-on experience in various local cultural events, including participation in the Gijisi Tug-of-War and Rice wine- and Sake-making.

1700-1830 hours: Move back to  Seoul arriving at Grand Hayatt Seoul by 6:30 p.m.

Very Respectfully Yours

/s/

Lee Kyung-sik

Publisher-Chairman

The Korea Post phones: 2298-1745 or 2298-1740/2, mobiles 010-3388-1682 (Korean) and 010-5201-1740 (Chairman Lee Kyung-sik).

RSVP: Yes, my spouse and I will attend_______. I will attend alone_______.

Mobile phone of driver or secretary:_________________________.     Regrets:_____.

(Please mark the blank spaces above and below with an X or Tick and revert to edt@koreapost.com.)

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Special Notices:

Send your latest Embassy news releases toThe Korea Post for publication

Your Excellency:

Please transmit your latest press release(s) to edt@koreapost.com or korpost@chol.com for publication by the five media outlets of The Korea Post, including the Korean-language Internet newspaper (www.koreapost.co.kr), English website (www.koreapost.com) and the Korean-language newspaper (http://pdf.koreapost.co.kr/13/1301.pdf).

Very Respectfully Yours

/s/

Lee Kyung-sik

Publisher-Chairman of The Korea Post

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A quick roundup of major news stories from Korean media:

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

S. Korea, US, Japan to Continue Pressure on N. Korea

Anchor: President Park Geun-hye joined with U.S. President Barack Obama and Japanese Prime Minister Shinzo Abe in...

Park, Abe Reaffirm Wartime Sex Slavery Settlement

Obama, Xi Reaffirm Cooperation on N. Korea

Park Presses Beijing to Dissuade Pyongyang

Obama, Xi Reaffirm Cooperation on N. Korea

'N. Korea Appears to Have Designed Reentry Vehicle, Warhead for ICBM'

S. Korea, US, Japan to Continue Pressure on N. Korea

Seoul Expects Summit with China to Provide Momentum on Nuke Issue

Court Rules Punishment of Voluntary Sex Work Constitutional

S. Korea, Georgia Sign Double Taxation Treaty

Agro Ministry Purchases 143,000 Tons of Rice to Stabilize Market

BOK Report: US Dollars Account for 67% of Bank's Foreign Assets

N. Korea Boasts Achievements of Byeongjin Policy

'Pressure Rather than Dialogue Needed to Make North Korea Change'

N. Korea Fires Short-Range Projectile

Park, Abe Reaffirm Wartime Sex Slavery Settlement

Obama, Xi Reaffirm Cooperation on N. Korea

'N. Korea Appears to Have Designed Reentry Vehicle, Warhead for ICBM'

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

Park warns of tougher sanctions against N. Korea over possible provocation

President Park Geun-hye warned North Korea against staging another provocation as she met Thursday with U.S. President Barack Obama and Japanese Prime Minister Shinzo Abe.

S. Korea's consumer prices gain 1 pct in March

South Korea's consumer prices grew by more than 1 percent for the second month in a row in March, government data showed Friday.

Trump appears to be backing off from suggestion of nuclear S. Korea

U.S. Republican presidential front-runner Donald Trump appeared to be backing off from an earlier stance that he's open to allowing South Korea and Japan to develop nuclear weapons to cope with threats from North Korea.

Obama calls for vigilant enforcement of sanctions on N. Korea

U.S. President Barack Obama called Thursday for stringent enforcement of U.N. Security Council sanctions on North Korea and stronger security cooperation with South Korea and Japan to deter the communist nation.

Obama says U.S., S. Korea, Japan united against N. Korea: report

U.S. President Barack Obama said Thursday the U.S., South Korea and Japan are firmly united against threats from North Korea and will further strengthen three-way security cooperation, a report said.

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The Korea Herald (http://www.koreaherald.com)

KB Financial wins bid to acquire Hyundai Securities

KB Financial Group has emerged winner of the hotly contested takeover battle for Hyundai Securities, the sale’s manag...

Seoul in focus as campaign opens

South Korea will elect new National Assembly members in a general election on April 13. The Kor...

Seoul extends operation term for duty-free stores

Seoul extends operation term for duty-free storeskicker: Customs Service to decide whether to h...

Descendants of the Sun' buoys Korean economy

Although Korea has been rolling out stimulus measures in recent months to boost sluggish export...

Samsung’s semiconductor chief becomes highe...

Samsung Electronics vice chairman and semiconductor business division chief Kwon Oh-hyun was the highest-...

Dump investment hurdles

Apart from indirect investment, such as seeking equity trading gains, foreign investment in ...

‘Patriotism index’

Around 7 in 10 citizens are willing to take up arms to fight in a war, according to a recent...

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

Park meets with Obama on N. Korea, bilateral ties

President Park Geun-hye held talks with her U.S. counterpart, Barack Obama, on Thursday to coordinate their stance on how to deal with North Korea over its nuclear weapons program, South Korean officials said. The talks cameami...

N. Korean leader to fly to Washington for summit with Obama 

It’s expected that Kim (Jong-un) will declare the end of his nuclear program during the meeting w...

N. Korea close to making nuclear-tipped warhead, but more tests needed 

North Korea is getting close to making nuclear warheads small enough to fit on its KN-08 intercontinental ballistic missile (ICBM) but will need to conduct mo...

Korea to resume project to launch five military satellites 

South Korea plans to continue a project this year to place five military satellites into orbit by 2022, which it believes will considerably enhance military s... 

New York Times vs. Trump 

WASHINGTON - Talk about local boy making good, and then look at the case of Donald Trump. He's a N... 

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DongAIlbo (http://english.donga.com)

Leaders of S. Korea, US, Japan agree to pressure N. Korea

South Korean President Park Geun-hye had a series of summit meetings with the leaders of the U.S., Japan and China in Washington …

Lee Jun-hyeong shed light on Korea’s figure skating

Lee Jun-hyeong (aged 20, Dankook University, photo), a rising star in men’s figure skating, shed light on Korea’s figure skating …

Lester Thurow, the author of 'The Zero-Sum Society,' dies at 77

Lester Thurow, an MIT economics professor who warned the expanding economic inequality in his books “The Zero-Sum Society” and “F

Leaders of S. Korea, US, Japan agree to pressure N. Korea

South Korean President Park Geun-hye had a series of summit meetings with the leaders of the U.S., Japan and China in Washington …

Lee Jun-hyeong shed light on Korea’s figure skating

Lee Jun-hyeong (aged 20, Dankook University, photo), a rising star in men’s figure skating, shed light on Korea’s figure skating …

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ChosunIlbo (http://english.chosun.com)

7 in 10 S.Koreans Willing to Fight in War

Seven out of every 10 South Koreans are willing to fight if a war breaks out, according to a survey. The Ministry of Patriots and Veterans Affairs surveyed 1,000 people over 15 in November of last year and found that 72.1 percent were willing to fight in the event of a war. >> Full Text

Major Shipbuilders Win No Orders in Q1

Samsung Heavy Industries and Daewoo Shipbuilding and Marine Engineering won no vessel orders at all in the first quarter of this year. Korean shipbuilders won only eight orders so far this year or six percent of the 170,000 compensated gross tons in vessel orders they won last year. >> Full Text

Korean War Flick Raises W500 Million from Crowdfunding

A movie featuring Liam Neeson about the Incheon Landing during the Korean War has attracted W500 million in crowdfunding. It tells the story of intelligence officers in a spy operation during the landing, with Neeson appearing as Gen. Douglas MacArthur. >> Full Text

How N.Korea Tries to Beat Embargo

Toxic Haze Lingers Over Seoul, Central Parts

KakaoTaxi Marks 1st Anniversary

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HankyorehShinmoon (http://english.hani.co.kr)

US official speaks on necessity of cooperation with S. Korea and Japan

Remarks in Washington suggest that after comfort women agreement, US seeking closer ties

A high-ranking US official delivered a public talk on the necessity and vision of trilateral cooperation with South Korea and Japan.The speech came ahead of a trilateral summit scheduled on Mar. 31 to coincide with the upcoming Nuclear Security Summit in Washington, DC. The message could be a sign that the US government is getting set to pursue trilateral diplomatic and military cooperation in earnest now that the “obstacle” of the Japanese military comfort women issue has been cleared by an agreement on it by Seoul and Tokyo late last year.

S. Korea first in R&D investment as percentage of GDP, sixth in total investment

South Korea ranks first in the world for research and development (R&D) investment as a percentage of gross domestic product (GDP), but spends just 28.5% of what China does in total investment, a recent study shows.South Korea’s cumulative R&D investment over the past 32 years was also found to be roughly one-fifteenth of the US’s investment and one-seventh of Japan’s.A report titled “Major South Korean Science and Technology Indicators at a Glance” published on Mar. 30 by the Ministry of Science, ICT and Future Planning

Defense Ministry announces response to N. Korea long range artillery threat

The Ministry of National Defense announced plans on Mar. 30 for the introduction of tactical surface-to-surface guided missiles in response to the North Korean long-range artillery threat.The ministry released its five-year defense plan for 2017-2021 that day with investments totaling 226.5 trillion won (US$197.8 billion), including 73.4 trillion won (US$64.1 billion) for a five-year defense capability improvement project and 153.1 trillion won (US$133.7 billion) for a military capability operation project.

Civic group filing lawsuit against NIS over data collection

On Mar. 28, civic group People’s Solidarity for Participatory Democracy (PSPD) announced that it would be making a freedom of information request and filing a lawsuit for damages against state institutions including the National Intelligence Service (NIS) and the police and prosecutors that have viewed individuals’ telecommunications data.

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JoongAngIlbo(conservative): (http://koreajoongangdaily.joinsmsn.com/)

Park faces heavy diplomatic load in Washington

President Park Geun-hye went into diplomatic overdrive on Thursday to pressure North Korea to abandon its atomic weapons program after she arrived here to attend an international conference on nuclear security…

Anti-prostitution law constitutional, says court

The Constitutional Court upheld on Thursday the anti-prostitution law, which criminalizes the selling and buying of sex…

Duty-free licenses stretched; Lotte’s fate unclear

The Ministry of Strategy and Finance on Thursday decided to extend duty-free shop licenses from five years…

Sunnier outlook for economy as output recovers

After an arctic chill blew through the domestic market earlier this year, it seems spring has finally arrived…

KB wins bid for brokerage control

KB Financial Group, one of the four largest financial groups in Korea, has been selected as the preferred…

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The KyunghyangShinmoon(http://english.khan.co.kr/)

Daegu, the Heart of the Government? It's Not That Daegu Anymore

There is something serious about the public sentiment in the Yeongnam area, the "comfort zone" of the ruling Saenuri Party, ahead of the April 13 parliamentar···

The Police and the Military Indiscriminately Screened the Communication Data of 97 Journalists

Investigative agencies were revealed to have indiscriminately monitored the communication data of journalists including reporters and producers in the past year···

Girls, Enjoying Unexpected Popularity among Girls

"Vote for your girl." Produce 101, which was first aired on Mnet last January, has recorded high ratings amidst a stream of controversy due to its provocat···

The Truth of the Sewol: Hearing Testimonies Confirm Need for Special Prosecutor

April 16 will mark the second anniversary of the Sewol tragedy, which took the innocent lives of 304 people. It was an overwhelming tragedy caused by the greed ···

[April 13, 2016 Parliamentary Elections] The Gap Between the Rich and the Poor Widens Even When It Comes to Voter Turnout

Gim (58) has hardly ever taken a break from work during the thirty years that she has been married. She was practically forced to work because she couldn't rai···

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

No. of ISA Signees Surpasses 1 Mil. within 17 Days

The number of people who have signed up for newly offered individual savings account products has surpassed 1 million within only 17 days, said the Financial Services Commission on March 30. According to the financial regulator, the number of those who enrolled in ISA plans that have been on offer s...

High Court Rules Law to Criminalize Voluntary Prostitution Constitutional

The Constitutional Court justices said that the anti-prostitution law that criminalizes those who sell sex on a voluntary basis even without duress is not in violation of the constitutional law. The high court ruled on March 31 in a 6-3 vote that the clause 21-1 in the law on prostitution and its pu...

China Toughens Baby Formula Regulations, Dealing Blow to Korean Firms

China launched a strong drive to restructure the baby milk formula market, reducing the number of brands and the kind of products for each producer. If this measure is put in force, more than 80 percent of baby formula brands in the Chinese market would be kicked out of the market, causing a drastic...

DaeyuWinia Goes for IPO Earlier Than Schedule

DaeyuWinia, a specialist manufacturer in Kimchi refrigerator Dimchae and air-conditioner Winia, launched an official process to list itself on the KOSDAQ over-the-counter market. The company submitted an application for preliminary assessment of listing to the KOSDAQ market division of the Korea Ex...

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

North Korea blamed for disrupting South's GPS communications

South Korea accused North Korea Thursday of discharging strong electric waves to disrupt South Korea's satellite traffic navigation signals for an apparent electric warfare am…

Pyongyang's solid-fuel engine appears to be real: US expert

North Korea's recent solid-fuel rocket engine test appeared to be "real and successful", representing a step forward in its ballistic missile program, a US expe…

Propaganda leaflets sent to North Korea

Members of Free Fighters For North Korea are preparing balloons which would carry propaganda leaflets to North Korea [Courtesy of Free Fighters For North Korea] South Korean activists said Mo…

North Korea threatens US with propaganda video

North Korea threatened the US with a propaganda video released on Saturday, sending out a message that if the US continues provoking, the North will not hesitate to stri…

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

Store Price of G5 to Be Same as Galaxy S7

LG Electronics has decided store price of G5 to be same as store price of Galaxy S7 at $732 (836,000 KRW). This shows that LG Electronics is confident that its...

Chinese Semiconductor Businesses Prey on South Korean Semiconductor Fab...

A South Korean Touch IC business is being sold to a Chinese business. China, which has made it clear that it is promoting semiconductor industry, is going after Sout...

LG Siltron Withdraws from LED and Solar Energy Wafer Businesses

LG Siltron, which is an unlisted wafer production company of LG Group¡?s affiliate, was able to convert its loss into surplus in 2 years. It withdrew fr...

iPhone 7 to Become Thinner and Lighter

Apple is going to apply high-tech packaging technology to RF (Radio Frequency) Chip of iPhone 7 series that will be released this fall. It is expected that iPhone 7 will become thinner and lighter an

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MaeilBusinessNewsKorea (http://www.pulsenews.co.kr/ )

Korea’s industrial output edges up in February thanks to recovery in semiconductor exports

South Korea’s industrial output edged up in February from the previous month after shrinking in January thanks to brisk manufacturing activity- the best record since September 2009 - led by a recovery in semiconductor shipments following new releases of mobile IT devices.

2016 KBO regular season begins Friday

The regular season of the Korea Baseball Organization (KBO) in 2016 is set to begin Friday with the Opening Day starters across ...

Samsung Electronics vice chairman Kwon Oh-Hyun becomes highest-paid executive

Kwon Oh-Hyun, vice chairman and CEO of Samsung Electronics Co., in charge of the Device Solutions (DS) division of the ...

Renault Samsung Motors to ride its own away from Samsung

Renault Samsung Motors Co., French automaker Renault Group’s Korean operation, is considering rebranding itself by removing ...

VL Investment invites local institutional investors to buy full stake in

South Korean private equity fund (PEF) VL Investment will join hands with local institutional investors to take over a Japanese ...

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