The Korean daily media headlines and humor

TheKorean daily media headlines and humor

Friday,May 20, 2016

Your Excellency:

Here are The KoreaPost notices and a roundup of important headlines from all majorKorean-language dailies, TV and other news media of Korea today:

Very Respectfully Yours

/s/

Lee Kyung-sik

Publisher-Chairman

Korea Post Media

P.S.: 1. To see the desired site, press down the Controlkey and click the blue URL of the media.

2. If received by a person other than the intendedrecipient, please kindly convey the mail to His/Her Excellency.

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Toavoid duplication with the National Day of Russia

Date of DanoFestival moved to Fri. Jun 10 from Wed. June 8

Your Excellency:

The date of the tour of the Gangneung Dano Festival has been moved to Friday 10 June2016 from the previous date ofJune 8 to avoid duplication with the National Day of the Russian Federation.All the other details of the Tour remain the same.

Also, TheKorea Post and the Gangneung City Government have agreed to present eachparticipating Ambassador with a prestigious Plaque of Testimonial of Dedication to thePromotion of Relations and Cooperation with the People of Korea (23.5cm x 28.5cm, whilesilvery light metal adorned with imitation diamonds decorating the top andbottom of the two pillars supporting the longevity-symbolizing cranes on thetop and the longevity-symbolizing artificial but durable gold-coated turtle atthe bottom fitted into a thick mahogany wood board) presented jointly bythe Chairman of The Korea Post and the Mayorof the Gangneung City?as shown below:

The new scheduleof the tour of Gangnung Dano Festival follows:

0820hours, Friday 10, June 2016: Meet at Grand Hyatt Seoul (near the WaterFountain).

0830-1130hours:Move from Seoul to the Sea Mark Hotel in Gangneung City.

1130-1138hours:Brief welcome ceremony, welcome address by Mayor Choi and return address by theDean of the visiting members of the Seoul Diplomatic Corps

1138-1140hours:Presentation of Plaque of Appreciation to the Mayor of the Gangneung City.(Plaque of Appreciation to be prepared by TheKorea Post.). Presentation of Plaque of Testimonial of Dedication to the Promotionof Relations with People of Korea to each participating ambassador.

1140-1200hours:Introduction to Dano Festival and Briefing on the Preparation of the 2018Winter Olympic Games

1200-1300hours:Attend luncheon hosted by Mayor and Mrs. Choi Myung-hee

1300-1500hours:Tour of the Olympic Park, attend Dano Festival rites.

1500hours: Leave Gangneung for Seoul.

I would greatly appreciate it if Your Excellencywould kindly advise us of your convenience on that day. My personal phonenumber is 010-5201-1740and the regular phones 2298-1740/2.

Very Respectfully Yours

/s/

Lee Kyung-sik

SpecialNote: We need thefull name of the Excellency attending the tour and his/her National Flag sothat we can inscribe the Name and the National Flag on the prestigioustop-quality metal-hardwood Plaque.

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Aquick roundup of major news stories from the Korean media today:

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

S.Korea, Mongolia Seek to Expand Cooperation in Various Sectors

President ParkGeun-hye and the President of Mongolia Tsakhiagiin Elbegdorj have agreed toexpand cooperation between their countries in various sectors.

DirectInvestment & Fund Under Consideration to Finance Restructuring

The governmentand the Bank of Korea(BOK) have decided to consider simultaneously pursuingdirect investment and indirect financing through a capital expansion fund tocome up with funds for corporate restructuring.

ProsecutorsSummon Foreign Executive of Oxy RB

Anchor:Prosecutors are widening their investigation into toxic humidifier sterilizersthat are blamed for some 100 deaths. Investigators on Thursday summoned ReckittBenckiser(RB) Korea's executive in charge of the company's outbound payments ina bid to prove if the company offered money to researchers and fabricatedsafety test results of its products.

FinanceMinister to Pursue Restructuring Based on Pain-Sharing Principle

RivalCamps and Gov't to Hold Economic Meeting Friday

NewAssembly Law to Allow Extra Session in August

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

Foreignownership of S. Korean land grows in 2015

Foreignownership of land in South Korea grew slightly last year from a year earlieramid rising Chinese investment in the southern resort island of Jeju, thegovernment said Friday.

Clintonsays Trump's statement on N.K. shows he's not qualified to be president

U.S.Democratic presidential candidate Hillary Clinton on Thursday accused herRepublican rival Donald Trump of "praising" North Korean leader KimJong-un, saying it is one of a series of statements that show the real-estatetycoon is not qualified to be president.

Houselawmaker calls Trump's willingness to meet with N.K. leader 'ludicrous'

A U.S. HouseRepublican lawmaker blasted Donald Trump's willingness to hold talks with NorthKorean leader Kim Jong-un, saying such a meeting will only bolster the statureof a dictator seeking to "nuke the United States." "You don'tmeet with a dictator like Kim Jong-un. All you do is, you feed into him at thatpoint, you strengthen him. You put him in a better position," Rep. AdamKinzinger (R-IL) said on CNN, calling the real-estate tycoon a"populist." "The reality is, Donald, you may have goodintentions, I don't know, but you don't meet with dictators of reclusecountries like North Korea that talked about wanting to basically nuke theUnited States. That's ludicrous," Kinzinger said.

PMvows to bolster Seoul-Tashkent ties

South Korea'sprime minister said Thursday he will make efforts to expand cooperation betweenSeoul and Tashkent during his visit to Uzbekistan, adding the country is a keypartner in the Central Asian region.

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The KoreaHerald (http://www.koreaherald.com)

Koreanwomen respond to Gangnam murder case

It looked likejust another busy day in Gangnam, Seoul’s well-known affluent district, excepton Wednesday evening ther...

EgyptAirplane carrying 66 has crashed: Aviation officials

An EgyptAirflight from Paris to Cairo with 66 passengers and crew on board crash...

Hanjincreditors agree to extend debt maturity

Bondholders ofHanjin Shipping, Korea’s biggest container carrier, agreed to extend thematuri...

Explosionsat U.S. base, no casualties: report

An oxygen tankexploded at the Camp Carroll U.S. Army Base in the southern part of Korea butth..

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The KoreaTimes (http://www.koreatimes.co.kr)

Switzerlandfreezes NK bank accounts 

Switzerlandhas decided to freeze North Korean accounts in Swiss banks, joining theinternational community’s efforts to punish Pyongyang for its nucleartest... 

Isassisted painting fraud? 

Popularsinger-and-painter Cho Young-nam’s belated admittance that he used an assistantfor his pa... 

Weatheragency under fire for misreporting blunder 

At 5:42 p.m.Wednesday, Yonhap News Agency reported that a 6.5 magnitude earthquake had hitHoengs... 

Randommurder triggers angry response from women 

A recentmurder has triggered an angry public response, especially from women, after itwas allege...

Fateof Hyundai Merchant remains murky 

The fate ofthe troubled Hyundai Merchant Marine (HMM) is up in the air as its creditorsand ship owners failed to reach an agreement to cut charter fees, Wed...

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Dong AIlbo (http://english.donga.com)

U.S.defense ministry uses Japanese name for waters between Korea and Japan

The U.S.Department of Defense’s latest Annual Report to Congress referred to the bodyof water between the Korean Peninsula and …

NobelChemistry Prize winner William Moerner visits Seoul

“Lessthan 5 percent of the applicants to Stanford get to enjoy the honor ofadmission. I was able to get the Nobel price because…

Foxconnacquires feature phone unit from Microsoft

Taiwan’s HonHai/Foxconn Technology has acquired the feature phone (Nokia brand) assets,following its previous acquisition of Sh…

SeoulArchives to open in 2018

The SeoulArchives, which will maintain major archives of history in Seoul, will open inJune 2018.According to the Seoul metropo…

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

Switzerland Slaps Tough Sanctions on N.Korea

Switzerland on Wednesday imposed comprehensive sanctionson North Korea, freezing all North Korean assets and closing bank branches andaccounts there. The sanctions cover a wide range of areas such as finance,exports and imports, aviation and shipping, and education.

More Victims of Online Abuse Turn to Police

Last year saw a marked rise in people who filed criminalcomplaints over online abuse and slander. The number of cyber defamation, libeland slander cases reported to police nearly doubled from 8,880 in 2014 to15,043 last year. 

Leaked Artist's Impression of iPhone 7 PlusFuels Hype

An artist's impression of the yet-to-be-released iPhone 7Plus has been leaked on the Internet, boosting advance hype for the gadget in asaturated market. It was posted Sunday on U.K. IT media outlet Stuff. 

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

Thebereaved mothers who were painted as North Korean spies

Since 1980Gwangju movement, right-wing figures have delegitimized people affected withunfounded allegations

Is“sales diplomacy” really just an empty slogan?

The term“sales diplomacy” is frequently attached to presidential visits overseas. Theidea is that meetings between leaders lead to increased overseas opportunitiesfor South Korean businesses. This is what happened when President Park Geun-hyevisited Iran on May 2: the Blue House announced that the visit had “laid astepping stone for 52 trillion won [US$45.6 billion] in infrastructure buildingand energy reconstruction project orders,” while news outlets trumpeted the “52trillion won jackpot” and “big sales diplomacy win.”

“Tillthe world turns upside down” Parents of LGBT youth share their stories

During a pressconference held at the Korea Press Center in Seoul on May 17, a woman in hersixties grabbed the microphone.“Parents can be the strongest supporters of LGBTkids, but they can also be the most hateful offenders,” said the woman, whoidentified herself as “Haneul,” meaning “sky” in Korean.

Talkto Kim Jong-un? Donald Trump says “absolutely”

Donald Trump,who has basically sewn up the Republican Party’s presidential nomination, hassaid that he would be willing to have dialogue with North Korean leader KimJong-un.But US Senator Jeff Sessions, who is in charge of foreign policy andnational security for the Trump campaign, has distanced himself from Trump’sremarks, suggesting that Trump’s advisors have not had the final say on theissue.

Gwangjuanniversary: the final interview of a martyr for democracy

On the nightof May 26, 1980 - the night before the South Korean army marched into Gwangjuto enforce martial law - Bradley Martin, at the time a reporter for theBaltimore Sun, conducted his last interview with Yun Sang-won (1950-1980),spokesperson for the Gwangju citizen army. Bradley said of Yun, “He didn’t runaway, and he died knowing full well that resistance meant death.”

S.Korean literature comes to the forefront with Booker Int’l win

The awardingof a Man Booker International Prize to Han Kang’s novel “The Vegetarian” isbeing cited as a major step forward in the globalization of South Koreanliterature.Kwak Hyo-hwan, a poet and secretary general for the DaesanFoundation, which supported the English translation of “The Vegetarian,” toldthe Hankyoreh in a May 17 telephone interview that the award - considered oneof the top honors in world literature alongside the Nobel Prize and PrixGoncourt

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

Murderbecomes symbol of Korean misogyny

Mass publicmourning of a 23-year-old woman who was fatally stabbed by a stranger in abathroom near Gangnam Station, southern Seoul, on Tuesday, sparked a rallyingcall against misogyny across the nation. Hundreds of people voluntarily leftPost-it condolence notes and white chrysanthemums near Exit 10 of GangnamStation to mourn the victim’s brutal slaying since Wednesday morning…

Assemblysorely lacks foreign and security experts

There is asevere lack of foreign affairs and security experts in the newly-electedNational Assembly…

Gov’tand BOK still at odds over restructuring

Tensionsbetween the government and central bank over how to finance the restructuringof the debt-ridden shipbuilding…

Expertscall for fair and open global trade

Trade expertsfrom across the world called on Thursday for a fair and transparent businessenvironment…

HyundaiMotor missed a deadline on its holdings

The Fair TradeCommission on Thursday warned Hyundai Motor Group that it missed a deadline…

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

“Killedfor Being a Woman” “Not a Random Murder, But Hate Crime Against Women”

“Why are the targets of random murder always theweak woman?” “It is not your fault that you were murdered for being a woman.”“We were lucky to survive to···

WeNeed More “Third-Generation Translation” by Foreigners Deeply Versed in theKorean Language and Literature

"Manypeople (Koreans) don't read books, but still wish for the Nobel Prize."The New Yorker, a U.S. weekly magazine quoted the words of a literary agent ···

NorthKorean Journalist, 'We Learned 'March for the Beloved' at Kim Il-sungUniversity, But...'

"Even inNorth Korea, the authorities will arrest you if you sing the song withoutpermission." On May 17, Joo Seong-ha, a reporter for the Dong-A Ilb···

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The KoreaEconomic Daily (http://english.hankyung.com/)

NationalPension Service to Invest $1 Bil. More in Hedge Fund

"In thisage of negative interest rates, we will have to make sure constantly howalternative assets are doing in order to maximize their profitability and riskdiversification." Kang Myun-wook, CIO of the National Pension ServiceInvestment Management, said on May 19 in a keynote speech at the ASK ... 

DomesticInstitutional Investors Put 460 Bil. Won in U.S. Thermal Power Plant

A group ofKorean institutional investors, including NH Investment & Securities andKookmin Bank, invested 460 billion won in a gas-fueled combined-cycle thermalpower plant Newark Energy in New Jersey. According to industry sources on May18, NH Investment & Securities invested US$320 million, whic...

KFCCto Invest 30 Bil. Won in LIG Securities Deal

The KoreaFederation of Community Credit Cooperatives will invest 30 billion won in adeal undertaken by Cape Investment to acquire LIG Investment & Securities.According to investment banking sources on May 19, the KFCC decided to fund thedeal after holding an investment deliberation committee mee...

“BioHub” Singapore vs. Korea with No Plan to Attract Biotech Multinationals

A number ofglobal biotech and pharmaceutical companies are building plants and R&Dcenters in Singapore. The number of foreign multinational companies which havelocated their headquarters in the city-state is estimated at around 100.Singapore, once known as a financial hub in Asia, is now emergin...

"TheVegetarian" by Han Kang Sold More Than 60,000 Copies

Since"The Vegetarian," a novel written by Han Kang, won the Man BookerInternational Award on May 17, it has been sold more than 60,000 copies here inKorea. The inventories of the fiction book in brick-and-mortar bookstores weresold out, while online bookstores are selling 20 copies per minute on...

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AJUBusiness Daily (http://eng.ajunews.com/korea)

Aidesays Ban's trip not related to politics

A top aide toUN Secretary-General Ban Ki-moon said that Ban's upcoming visit to South Koreais no political move, rejecting speculation the trip  

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

SouthKorean Research Team Develops Ultra-Small Neuroimaging Device

A South Koreanresearch team has discovered an imaging device that visualizes brain activitiesin real time when a small helmet is worn. It has engrafted technologies fromsemiconductor, SW and other

LGElectronics Newly Establishes Research Institute for Self-Driving T...

LG Electronicshas established a research institute for self-driving technology to research onself-driving technology, which will be an important technology for future...

ShinwhaIntertek Extends OLED Tape Lines

ShinwhaIntertek Corporation, which is an optical film business under Hyosung Group, isextending its lines for tape for OLEDs to respond to increased supplies from...

GJMDevelops Roll-to-Roll Deposition System for OLEDs

A small SouthKorean company has developed a deposition system that

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Maeil BusinessNews Korea (http://www.pulsenews.co.kr/ )

Bankof Korea mulls both direct, indirect funding for restructuring

The Bank ofKorea agreed to aid state-led campaign to restructure ailing industriesincluding the shipping and shipbuilding sectors through both direct andindirect investment means to ...

Korea’sDoosan buoyant on fuel cell business for future growth

South Korea’sDoosan Group, heavy industries manufacturer which has been venturing intoretail and energy sector, envisions ...

Koreangovernment considers merging state energy entities KNOC and KOGAS

The SouthKorean government is studying various options to improve profitability of twoenergy entities including merging Korea ...

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The Korea Post is at your service.

The Korea Postis 31 years old this year and has 5 media units. They are all at your service.

The KoreaPost, established 31 years ago in 1985, operates five news media outlets, twoin the Korean language and three in English. They are all at your service. Youcan email all your English and Korean press releases and feedback for freepublication to edt@koreapost.comor korpost@chol.com.The five media outlets are:

(1) A Koreanprint newspaper (http://www.koreapost.co.kr/pdf/list.php),

(2) A KoreanInternet (www.koreapost.co.kr),

(3) An EnglishInternet (www.koreapost.com),

(4) An Englishprint monthly (http://koreapost.koreafree.co.kr/magazine/index.html),and

(5) An Englishe-daily (/rankup_module/rankup_notice/notice_list.html)

Sendyour news releases and feedback:

Specialnotices:

Sendyour latest Embassy news releases toTheKorea Post for publication

Your Excellency:

Send your latest press release(s) in Korean to (www.koreapost.co.kr) for immediate publication and inEnglish to korpost@chol.com.

They are published by the five media outlets of The Korea Post,including the Korean-language Internet newspaper, English website and theKorean-language newspaper (http://pdf.koreapost.co.kr/13/1301.pdf).

VeryRespectfully Yours

/s/

LeeKyung-sik

Publisher-Chairmanof The Korea Post

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IncludeThe Korea Post chairman in your Kakaotalk partner list for HOT NEWS!

Hispersonal mobile phone number is 010-5201-1740.

ChairmanLee has a lot of up-to-minute hot information to be shared with YourExcellency. Do your esteemed country a favor and bring the two greatcountries closer together using Chairman Lee Kyung-sik of The Korea Post, who owns and operates five print and Internet newsmedia, including Korean-languagewww.koreapost.co.kr, English www.koreapost.com and Korean-languagenewspaper http://pdf.koreapost.co.kr/14/1401.pdf. Use Chairman Lee and hisfive news outlets for the sake of your great country!

Manyambassadors are already Kakaotalk news sharers with Chairman Lee!

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The Korea Post now has a new Vice Chairman

Resume of Vice Chairman Choi Nam-sik of The Korea Post

The Korea Post continues to expand its staff strength,and most recently welcomed Mr. Choi Nam-suk as its Vice President. He is nowsecond in command at The Korea Postpublishing five media units, 3 in English and 2 in the Korean language. A briefpersonal resume of Vice Chairman Choi follows:

Name in Full: Choe Nam-Suk (Mr.)

Date of Birth: January 4, 1949

Education: Seoul National University (Major:English & English Literature)

Military Service: Foreign Liaison Officer (1stLieutenant)

Headquarter Office, ROK Air Force

Major Social Career:

1984-1989: Account Director, Oricom Marketing, CommunicationsAgency

1990-1994: Director in Charge of Public Relations,Halla Business Group

1995-2000: Vice President, Int'l Affairs, Iksan, AdvertisingGroup

2002-2014: Executive Director, The Economic Report,English Economic Monthly

2016: Vice Chairman, The Korea Post Media Group