July 26, 2016

TheKorean daily media headlines and humor

Tuesday, July 26, 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

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MeetPrime Minister Hwang Kyo-ahn at the World Insect Expo, receive a prestigious Plaqueof Commendation

Pleasedo not pass up this rare opportunity!

MayorLee Hyun-joon of the Yecheon County of Gyeongsangbuk-do Province cordiallyinvites Your Excellency and Madam to attend the Opening Ceremony of the 2016Yecheon World Insect Expo on Saturday July 30, 2016,which is attended by Prime Minister Hwang Kyo-ahn on behalf of PresidentPark Geun-hye.

Eachparticipating Excellency is presented with a prestigious Plaque of Commendationas shown in the sample below:

Pleasescroll down to the bottom of this Headlinesfor further details and (many) more photos as well as Letter of Invitation ofMayor Lee at the bottom of this Headlines. (For registration, please call Ms.Kim Jeong-mi at 010-3388-1682 or Reporter Aaron Bae at 010-4556-6148 [English])

Asample Plaque of Commendation to be presented to each Excellency:

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Wishto visit a ‘Dream Land’ in Yecheon? Join the Ambassadors’ Tour on Saturday July 30, 2016, which is attended by PrimeMinister Hwang Kyo-ahn on behalf of President Park Geun-hye. Call 010-5201-1740for Chairman Lee Kyung-sik of The Korea Post, who will be with YourExcellency and Madam on the day with his Mrs.

(Please scroll down to the bottom for full details of the Invitationfor the Excellencies and Madams.)

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

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

AudiVolkswagen Korea Asks for Leniency at Hearing

A hearing washosted by the Ministry of Environment on Monday to give Audi Volkswagen Korea achance to clarify its position in the...

S.Korea Signs $6 Mil. Nuclear Energy Contract with UAE 

South Koreahas signed a one-trillion won contract with the United Arab Emirates(UAE) tooperate four nuclear reactors it is building in...

S.Korea's Export Volume Grows 3.9% in June

AudiVolkswagen Korea Asks for Leniency at Hearing

KOSPIAdvances; KOSDAQ Falls

EnvironmentMinistry Holds Hearing to Listen to Volkswagen's Views

IMFRaises 2017 Growth Forecast for S. Korea to 3%

S.Korea's Stock Market Cap Rises 2.3% from December, Regains World's 14thPosition

S.Korea Signs $6 Mil. Nuclear Energy Contract with UAE

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

Toyotarecalls 6,200 cars for defective airbags

Toyota isrecalling over 6,200 cars sold in South Korea for defective airbags, thetransportation ministry said Tuesday.

Obamasays U.S. commitment to S. Korea 'will never waver'

U.S. PresidentBarack Obama said Monday the U.S. commitment to South Korea's security willnever waver and the country will stand shoulder-to-shoulder with the Asian allyin defense of peace and prosperity.

S.Korean vice defense minister arrives in Washington for defense technology talks

South KoreanVice Defense Minister Hwang In-moon arrived in Washington on Monday for talkswith U.S. officials about increasing defense technology cooperation between thetwo countries, an official said.

Democraticconvention opens to nominate Hillary Clinton for White House

The U.S.Democratic Party opened its national convention Monday to formally nominateHillary Clinton as its candidate for the White House and rally public supportfor her bid to become the first female president in U.S. history.

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

Seoullays out nuclear fuel safety measures

The Seoulgovernment has set up a basic scheme to safely manage spent nuclear fuel, amidpublic...

Unidentifiedgas odor plague Busan, Ulsan

Over 200reports of natural gas odors plagued Busan and neighboring Ulsan over theweekend, but...

Chinesefirms vie for ING Life Korea acquisition

Yet anotherKorean life insurance company may be taken over by China. The race to acquireING L...

Foreignministers of China, N.K. meet at ARF

Breaking adrawn-out cooling-off period after Pyongyang’s nuclear and missile tests, thetop diplomats of North Korea a...

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

Chinaexpected to renege on sanctions against North Korea 

Internationalcooperation on sanctions against North Korea is showing signs of a rift asChina has become reluctant to push the North harder as it protests th...

N.Korea, Chinese diplomats use same flight, hotel 

Speculation isrampant that North Korea and China are seeking to revitalize their deterioratedties after it was found that their top diplomats took the same ...

Regreton China 

It’sdeplorable to see Chinese Foreign Minister Wang Yi engage in a public show ofbullying his South Korean counterpart Yun Byung-se about Seoul's decisiont... 

Unidentifiablegas troubles Busan, Ulsan residents 

The odor of anunidentifiable gas has been stoking fears about safety and health risks amongresid... 

Secondfire at NK Security Department building 

Another firebroke out in a building of the State Security Department (SSD) of North Koreain Nort...

Chinesebuying up real estate in Seoul 

Chineseinvestors are increasingly buying up Seoul properties, leading to bothexpectations and concern. 

'Taekwondowill be more exciting in Rio' 

Ever sincetaekwondo became an official Olympic event at the 2000 Sydney Games, it hasbeen endeav...

Gov'tto investigate Ikea over faulty dressers 

The governmentsaid Monday it will begin a large-scale investigation of Ikea Korea’s dressersto establish a set of safety standards for them.

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DongA Ilbo (http://english.donga.com)

AmazonCEO Bezos tops Buffett to become world’s 3rd richest man

Amazon CEOJeff Bezos passed Warren Buffett (86), billionaire investor and the chairman ofBerkshire Hathaway, to become the worl…

Koreanweightlifter recovers bronze medal missed 8 years ago

Lim Jeong-hwa(30), a former member of the Korean national weightlifting team, is set toreceive an Olympic medal that she missed…

HillaryClinton is to be first woman to run for president

The DemocraticNational Convention (DNC), which will formally nominate former State SecretaryHillary Clinton (aged 69) as Americ…

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

Korea Has Worst Social Safety Net Among RichCountries

Korea lags behind all other members of the OECD in termsof its social safety net. The National Assembly Research Service analyzedsocial cohesion indicators in the OECD, and Korea scored particularly poorly inthe category of social network support.

Korea Swelters in Another Heat Wave

Scorching heat has gripped Seoul and vicinity for fourdays running, with record temperatures hovering around 29 degrees Celsius forthe whole month. That is 1.3 degrees higher than the average between 1981 and2010.

Jeonju Named Among Asia's Top 10 Destinations

The heritage town of Jeonju in North Jeolla Province hasmade a Lonely Planet list of Asia's 10 best places to visit in the next 12months. Japan's Hokkaido topped the list, followed by Shanghai and Jeonju.

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

SouthKorea posts first ever automobile trade deficit with China

Chinese companies’growing competitiveness and Hyundai and Kia’s increased production in Chinamain factors behind shift

Bothyoung and old having more trouble finding jobs in “Hell Joseon”

Young SouthKoreans are finding it increasingly difficult to get a job after finishingtheir studies, a study shows.Meanwhile, older South Koreans who hoped to findwork because of living costs and other factors compelled them to work until theage of 72 on average.

[Reporter’snotebook] How S. Korea squandered its diplomatic goodwill with China

On July 13,two days after the Permanent Court of Arbitration made its ruling about theSouth China Sea, China’s state-run newspaper the China Daily printed a worldmap on its front page titled “China’s position.”

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

FTC looks into Google’s dominance in phones

Korea’s antitrust agency launched investigation intowhether Google Korea abused the dominant position…

Pyongyang is piling up missiles, sources say

North Korean leader Kim Jong-un ordered his military tofortify the country with missiles in late 2013 in case war broke out…

Samsung-BYD link could open EV market

Korea’s IT giant Samsung Electronics said it will spend500 billion won ($439.9 million) to acquire a 4 percent stake…

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

[Jeong-dong Column] [Aftermath of the THAADDecision] The Placement of THAAD Is a Matter of National SovereigntyTheConstitution is not a plaything of power.

The Constitution lies at the center of stateadministration, ultimately, to limit state power and to guarantee the···

Eleven Suicides in Six Years: What's Going onat KAIST?

"When You Are Having a Rough Time, Visit theCounseling Center; When We're Having a Tough Time, Let's Visit the Human RightsCenter" "To the Counseling Cen···

[Woo Byung-woo Scandal] President, 'Acceptthe Hardships as a Challenge and Remain Faithful to Your Convictions' at an NSCMeeting to 'Secure the Safety' of Woo

On July 21, President Park Geun-hye clearly stated herposition that she would not replace Woo Byung-woo, senior secretary for civilaffairs. Despite the burden···

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

Won-Dollar Exchange Rate May Go as High as1,200 Won in 3Q

The strengthening U.S. dollar may have an impact on thewon's value as well. Market analysts said the average won-dollar exchange ratemight go up as high as 1,200 won per dollar during the July-September period.Since hitting a low of 1,136.30 won on April 19 after the Bank of Korea keptits benchm... 

Renault Samsung to Host Renault'sNext-generation Engine Plant in Busan

Renault Samsung Motors has succeeded in hosting a plantfor latest model engines for France's Renault Group thanks to the Busan metropolitancity government's offer of R&D subsidies. Renault Samsung said on July 25that it won a race to locate a next-generation engine production plant againstother ...

LG Electronics Keeps Top Position in the 1HU.S. Drum Washer Market

LG Electronics said on July 25 that it kept its topposition in the U.S. drum washing machine market in the first half of thisyear. According to the Stevenson Company, a Louisville (Kentucky)-based marketresearch firm, LG Electronics took the No. 1 spot in the first-half drum washercategory in te...

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AJU BusinessDaily (http://eng.ajunews.com/korea)

BigBang'sT.O.P donates collections for Sotheby's chari…

BigBang rapperT.O.P will present his art collections for a charity auction hosted bySotheby's, a New York-based internationa…

MoonSo-ri selected as judge in Venice International Fi…

South Koreanactress Moon So-ri has been selected as a judge for the Venice InternationalFilm Festival to be held from August…

Exclusivetrailer for 'Justice League' revealed at Comi…

A Comic-conexclusive trailer for DC Comics' superhero film "Justice League" wasunveiled during an event in San Die…

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

Hyundai Motor Company to Introduce Platformsfor Hydrogen Fuel Cell B... 

Hyundai Motor Company is going to introduce buses thatare designed with platforms for hydrogen fuel cells at the end of next year.Previous hydrogen fuel-cell buses ar...

CrasID Develops World’s First Small FaceRecognition Camera Module

A South Korean venture company has developed small cameramodule that…

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

YoungChinese moms prefer Korean diapers and baby products

Baby productshave the potential to be the next Korean consumer blockbuster in China withKorean brands having gained consumer ...

SKHoldings upbeat in outlook backed by bio and chip materials

SK Holdings,the holding company for SK Group, assured investors of upbeat outlook withbiopharmaceutical and semiconductor ...

S.Korea’s Lunit offers AI-based medical image analysis system

South Koreanstartup Lunit Inc. has come under the spotlight after it unveiled a deeplearning based digital image analysis ...

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The Korea Post is 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 allat your service. You can email all your English and Korean press releases andfeedback for free publication to edt@koreapost.comor korpost@chol.com.The five media outlets are:

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

Sendyour news releases and feedback:

Sendthe Embassy news releases to edt@koreapost.comforpublication by all its five media units, including one Korean (www.koreapost.co.kr)and one English (www.koreapost.com)Internet dailies, which are updated real-time.(Call 010-5201-1740 forfurther details.)

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 inEnglishtokorpost@chol.com.

They are published by the five media outlets of The Korea Post, including the Korean-language Internet newspaper,English website and the Korean-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-language

www.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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Mayor Lee Hyun-joon of the YecheonCounty cordially invites all the ambassadors, spouses

YecheonCounty government hosts World Insect Expo Yecheon 2016

Locatedat the foot of 1,430-meter high Mt. Sobaek in southeastern part of Korea,Yecheon County has been preserving clean environment with thick foreststhroughout the region. Capitalizing on this clean and eco-friendly environment,the Yecheon County government initiated programs of researching and developingindustrial insects by establishing an industrial insect research institute in1998 ahead of other local autonomous governments. Based on researchachievements, resources and experiences accumulated for a decade, the Countyauthority hosted the first insect expo in 2007 and the Insect Bio Expo in 2012when it showcased as many as 330,000 insects of 100 species, such as honeybees, osmiacornifrons, dynastid beetles, dorcushopeis and protaetiabrevitarsis.(Please scroll down to the bottom for the Mayor’sLetter of Invitation at the bottom of this Report.)

Acknowledgingachievements and programs, the then Ministry of Knowledge Economy (nowintegrated into the Ministry of Trade, Industry and Energy) designated theCounty as the special zone of insect industry in 2009. Encouraged by thedesignation, the municipal government has been concentrating efforts ondeveloping and commercializing insects as well as development of eco-friendlyagriculture. It also built the ecology institute of insects and a butterflyobservation park.

Havinggrown as the home of insects, the Yecheon County government will hold the WorldInsect Expo Yecheon 2016 for 17 days from July 30th (Saturday) to August 15th(Monday), 2016 organized by Yecheon Insect Expo Organizing Committee under thetheme of ‘Smart Future Together with Insects’. The expo is designed to showcasethe mysterious world of insects and vision of insect industry through a largevariety of things to see, experience and enjoy at diverseeco-edutainment-oriented programs of exhibitions, festivals and events. Theexpo facilities will be consisted of six major spaces, including the insecttheme hall, insect experiencing hall, insect industry hall, Fabre’s garden,insect ecosystem park and bio-industry exhibition hall.

EcologicalExperience Hall

Asthe world’s largest insect exposition, programs and events of the World InsectExpo Yecheon 2016 will include special exhibition of edible insects, rareinsects and endangered insects, insect cooking contests, insect food cookingshow, experience of insect foods, children’s cartoon contest with live drawingshow of Kim Pung, a popular webtoonist, eco-friendly painting contest ofchildren, and operation of insect-featuring 3D video show, using thesefacilities. Symposiums on insects and insect industry will also take placeduring the Expo.                     

Theinsect theme hall will provide visitors with a chance of reevaluating inherentvalue and features of insects, and exploring future life by presentingpotentiality of insect industry. It will introduce the interesting world ofwaterside insects that fiercely struggle for existence, forest insects thatbuild environment, and smart insects in cities. It will also deliver necessityof the insect industry that emerges as an alternative for preventing destructionof environment and shortage of resources by highlighting insects that help manand keep ecosystemic relations with mankind. At the same time, the hall willdisplay value of insects as sustainable future alternative resources, and worldsituation and vision of edible insect industry and insect-driven eco-friendlyagriculture, as well as future technologies that leverage capabilities of superinsects, such as biotechnology, green technology and robot technology.

Inother halls, including insect experiencing hall, insect industry hall, Fabre’sgarden, insect ecosystem park and bio-industry exhibition hall, they arouseinterest in insects, showcase performance and technologies related with insectindustry, provide information on inherent features of insects, and publicizethat creative agriculture is a vital industry and future growth engine throughsymposiums and workshops. Among programs and events, particularly noteworthyones are the first and premium insect food contest, insect food cooking andtalk show taken part by prominent chefs from Korea, Japan and Bulgaria, andinternational symposium on insect bioindustry.

Asthe venue of the World Insect Expo Yecheon 2016, Yecheon County has a number oftourist attractions, including the Yongmun-sa, a Buddhist temple with historyof over 1,100 years, a 600-year old pine tree named Seoksongryeong, andGeumdangsil Traditional Village. The Yongmun-sa Temple has several nationaltreasures including the Daejangjeon, the oldest wooden building in Korea, andMokbuljwasang, a wooden Buddhist statue. The old pine tree, Seoksongryeong, isunique in that it pays tax to the municipal government as the owner of a largearea of land. The Geumdangsil Traditional Village is preserving manytraditional Korean houses and shrines of ancient aristocrats including a99-roomed house of Lee Yuin, a high-level government official in the JoseonDynasty. Most of these ancient buildings are designated as cultural assets.Another cultural asset in the Village is a dolmen of the Bronze Age.

InsectBio Expo Yecheon 2012

Panoramicview of Yecheon World Insect Expo 2012

Accreditedby International Congress of Entomology (ICE)

Invitationto the 2016 Yecheon World Insect Expo

Iam pleased to inform Your Excellency that Mayor Lee Hyun-joon of the YecheonCounty of Gyeongsangbuk-do Province cordially invite Your Excellency and Madamto attend the Opening Ceremony of the 2016 Yecheon World Insect Expo onSaturday July 30, 2016, which is attended by Prime Minister Hwang Kyo-ahn onbehalf of President Park Geun-hye. Please visit:/news/view.html?section=161&category=181&no=1303for details of the Expo.

Theitinerary of the Tour is as follows:

1330hours Saturday 30, 2016: Meet at Grand Hyatt Seoul (near the Water Fountain).

1330-1630hours: Move by Limousine Buses to Main Venue of the Inspect Expo.

1630-1700hours: Visit the Main Theme Hall of the Expo, Amusement Park, IndustrialPavilion, and the Parblue Garden.

1700-1715hours: Move to the Dinner Banquette Hall of the Yecheon Wedding Hall.

1715-1815hours: Attend Dinner hosted by Mayor and Mrs. Lee Hyun-joon.

1830-1900hours: Attend the Opening Ceremony of the 2016 Yecheon World Insect Expo.

1900-2200hours: Move back to Seoul arriving at Grand Hayatt Seoul.

VeryRespectfully Yours

/s/

LeeKyung-sik

Publisher-Chairman

TheKorea Post phones: 2298-1740/2, mobiles 010-3388-1682 (Korean) and010-5201-1740 (Chairman Lee Kyung-sik).

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

Mobilephone of driver or secretary:_________________________.     Regrets:_____.

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

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