August 03, 2016
TheKorean daily media headlines and humor
Wednesday, August 03, 2016
Your Excellency:
Here are The KoreaPost notices and around up 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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The Korea Post has three important tours in the next 3 weeks
Currently,The Korea Post has three very interesting tours for the Ambassadors and Madams.They are, in the chronological order:
1.Garica Boutique Hotel in picturesqueGangneung City on the East Coast on Saturday 13 August 2016.
2.Samsung Electronics, LG Electronicsand 5th Navy Headquarters as well as Pyeongtaek Cityon the West Coast on Wednesday 17 August 2016.
3.The Korea Institute of Civil Engineeringand Building Technology on Friday 19 August 2016.
Iwould say that Your Excellency and Madam would not wish to miss the rareopportunity to learn Korea firsthand through proper introduction andaccommodation during these tours organized by The Korea Post media.
Please scroll down to the bottom for a copy of invitation to eachtour.
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Aquick roundup of major news stories from the Korean news media today:
KBS (http://world.kbs.co.kr/english/news/)
N.Korea Denies Hacking S. Korean Officials' Emails
North Koreahas denied allegations that it was behind the recent hacking of emails of SouthKorean officials. The North’s state-run propaganda...
JCS:N. Korea Fires Ballistic Missile into East Sea
Seoul's JointChief of Staff says North Korea launched what is presumed to be a ballisticmissile into the East Sea at around 7:50 Wednesday...
USArmy Secretary Hints Upgrade to PAC-3 in S. Korea
N.Korea Denies Hacking S. Korean Officials' Emails
JCS:N. Korea Fires Ballistic Missile into East Sea
Ex-SaenuriLawmaker Lee Jae-oh Seeks New Party
S.Korea's Ruling Party Condemns Japan's Dokdo Claims
AgricultureMinistry Calls for Different Standards for Beef, Ginseng
KOSPIDips on Tuesday after Closing at Yearly High
ForeignMinistry Summons Japanese Diplomat
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Yonhap (http://english.yonhapnews.co.kr)
Samsungaffiliates suffer downbeat earnings in Q2: data
Samsung Group,the country's top conglomerate, saw its affiliates log weaker than expectedearnings during the second quarter of the year, while No. 2 Hyundai Motor Groupman...
Women'shandball head coach enters Rio with chip on shoulder
Some may tryto use an "underdog" label as a source of motivation, but SouthKorean women's handball head coach Lim Young-chul is feeling slighted by itbefore th...
S.Korea's homegrown drug set to post record sales
Annual salesof a diabetes drug manufactured by LG Life Sciences Ltd., the pharmaceuticalsunit of South Korea's LG Group, are likely to exceed 50 billion won (US$44.9millio...
Topconglomerates take up half of stock market cap
Listed unitsof South Korea's top 10 conglomerates account for slightly over half of thecountry's stock market capitalization, data showed Wednesday, pointing to theirhuge ...
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The KoreaHerald (http://www.koreaherald.com)
N.K.launches ballistic missile: S. Korean military
North Korea onWednesday fired off a ballistic missile into waters off its east coast, the Sout...
Oppositionparty seeks tax hikes for rich
The mainopposition party Tuesday announced it will push for a tax increase on thewealthy and ...
FormerKDB chief’s home, office raided in DSME probe
[THE INVESTOR]Kang Man-soo, former head of Korea Development Bank, has come under scrutiny in...
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The KoreaTimes (http://www.koreatimes.co.kr)
N.Korea fires missile to East Sea
North Koreafired what appears to be a ballistic missile towards the East Sea on Wednesdaymorning...
GalaxyNote 7 unveiled
NEW YORK -Samsung Electronics unveiled its latest big-screen smartphone Galaxy Note 7 tothe worl... Samsung Galaxy Note 7 toboost parts affiliates
Firstincrease in defectors under Kim Jong-un's regime
The number ofNorth Korean defectors is rising sharply, the first time under leader KimJong-un’s ...
Policeend Uzbekistani suspect's 'hide and seek'
An Uzbekistaniman who escaped from a detention center at a prosecutors’ office in Gimcheon onMon...
THAADbacklash may affect K-culture in China
There arefears the decision to deploy a Terminal High Altitude Area Defense (THAAD)battery in So...
GoogleMaps dispute intensifies over data center location
A dispute isintensifying over whether to allow Google to host the nation’s map data abroad.
Policebust big sex party in Seoul
Police havearrested a criminal ring that held secret group-sex parties inside what wasdisguised...
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DongA Ilbo (http://english.donga.com)
NATOcommander expresses concern for 'N. Korea 3 years later'
Gen. CurtisScaparrotti, commander of the North Atlantic Treaty Organization (NATO) andUnited States European Command (EUCOM), e…
Retailstores adopt culture interior strategy in Seoul
At the IconicZone situated on the 10th floor of the Shinsegae Duty Free at Myeongdong incentral Seoul, a 4.5-meter-high giant s…
Governmentbans sales of 32 Volkswagen models
Volkswagen isat the crossroads as the government has announced a sales ban. The EnvironmentMinistry on Tuesday cancelled certif…
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Chosun Ilbo (http://english.chosun.com)
Athletes' Village in Rio Welcomes N.KoreanOlympians
A dance party is held every time a new national teamarrives at the athletes' village in Rio de Janeiro ahead of the 2016 SummerOlympics. Brazilian dancers dressed in green outfits dance to the rhythms ofthe Samba and Bossa nova.
The Dos and Don'ts of Preventing MosquitoBites
Scorching hot days and muggy nights aren't the onlythings that can make the summer months unpleasant -- mosquitoes are anothercause of annoyance. Here are some useful tips for keeping the bloodsuckinginsects at bay.
Japan Stresses 'Urgent' Nuclear Threat fromN.Korea
Japan in its latest defense white paper puts anexceptionally high estimate on North Korea's nuclear capabilities, possibly tojustify a push for rearmament. Japan's Defense Ministry publishes the whitepaper every year.
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HanKyoReh Shinmoon (http://english.hani.co.kr)
Businessoffshoring makes a u-turn as the government encourages “reshoring”
SamsungElectronics has pledged a total of 20 trillion won (US$17.6 billion) ininvestment in Vietnam through 2017. Some 40,000 people are employed directly orindirectly at its local smartphone plant, started operations in 2009.
[Analysis]What the gov’t won’t say about the electromagnetic waves emitted by THAAD
Following theSouth Korean government’s sudden announcement earlier this month of thedeployment site for the US military’s THAAD missile defense system, there hasbeen a fierce debate about the electromagnetic waves emitted by the THAADradar.
Attwo-year point, has basic pension eased elderly poverty?
July 25 markedthe two-year anniversary of the basic pension system, which provides benefitsof 200,000 won (US$178) a month to South Koreans aged 65 and older
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JoongAng Ilbo (conservative) (http://koreajoongangdaily.joinsmsn.com/)
North Korean math whiz defector is named byHong Kong newspaper
The 18-year-old North Korean math whiz who sought refugeat the South Korean Consulate General…
FSC allows brokerages wider range of business
Under the measures announced Tuesday, securities firmswith over 4 trillion won ($3.6 billion) in capital…
Samsung debuts Note 7 with iris scanner
Samsung Electronics overnight took the wraps off itsGalaxy Note 7 phablet with iris scanner…
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The KyungHyangShinmoon (http://english.khan.co.kr/)
A “Shameless” Report by Cheong Wa Dae’sOffice for Economic Affairs, Plastered with Support and Praise for“Dictatorship for Development”
“Iam certain that President Park Chung-hee was a hero of our era, who had boththe theory and leadership to create a new model that would fight poverty andde···
[Editorial] Oxy Announces Compensation Planwith Parliamentary Investigation Still Ongoing: Wrong Order
Oxy Reckitt Benckiser, a British multinational companyand also the biggest company whose humidifier sterilizers caused the mostnumber of deaths, released a co···
[Humidifier Sterilizer Scandal] Oxy Plans toCompensate 1 Billion Won for Death of Infants and Toddlers, But Victims Claim,'It's a Trick!'
Oxy announced its final compensation plan to provide atotal of 1 billion won for the infants and toddlers who died due to thecompany’s humidifier disinfectan···
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The KoreaEconomic Daily (http://english.hankyung.com/)
Chinese Central Bank to Create Online PaymentSettlement System
The Chinese government will establish a settlement systemfor third-party online payment service operators. it is intended to givesupport to the development of the fintech industry by creating an independentinstitution like UnionPay in credit card payment settlement. According toCaixin, China's b...
[Market Insight] Taiwan's Foxconn Sets ItsEyes on Tongyang Magic
Hon Hai Precision Industry Co., Ltd., better known asFoxconn Technology Group for supplying Apple's iPhones, will jump into a dealto acquire Tongyang Magic, Korea's home appliance manufacturer and rentalcompany. It is likely the Taiwanese firm would use Sharp Corp. of Japan as theofficial entity...
Samsung Electronics Earns Top Marks in JDPower Survey
Home appliances of Samsung Electronics like refrigeratorsand washing machines are getting good reviews in the United States. The itemswon the No. 1 ranking in the second-quarter market share data while receivinghigh marks in JD Power's customer satisfaction surveys.According to SamsungElectronic...
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AJU BusinessDaily (http://eng.ajunews.com/korea)
Pyongyangfires missile amid escalating row over US mis…
North Koreafired a ballistic missile into the sea Wednesday as Northeast Asia was caughtup in a row over the deployment of an advanced US mis…
ChaBiotech sets up joint venture with US company
South Korea'sCha Biotech Co. said Tuesday it has agreed to set up a joint venture with USbiopharmaceutical company Sorrento Therapeutics to dev…
Nexonpulls plug on 'Sudden Attack2' in 23 days after …
Nexon GT, oneof South Korea's largest game publishers, has decided to pull the plug on itslatest free-to-play, first-person shooter (F…
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ETNEWS (http://english.etnews.com/)
ARDEN BIKE WEAR: targeting the world-marketwith its made-in-Korea bike wear
Either to work or as part of one’s leisure time, riding abicycle is not out of the ordinary any more. It is now embedded in one’severyday activities, thus many people are looking for bike wear for
Commission for South Korean Robo-Advisors toBe More Expensive than American Robo-Advisors
It is seen that Robo-Advisors that South Koreanconsulting companies put out have higher commission and higher membership costthan American Robo-Advisors because market is not formed as it is suppose
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Maeil BusinessNews Korea (http://www.pulsenews.co.kr/ )
Ex-financeminister Kang Man-soo in probe for illegalities as KDB head
Kang Man-soo,top policymaker on the economy under former President Lee Myung-bak, has becomelatest to come under prosecution ...
CJto prop up K-culture overseas drive to make it primary revenue pillar
South Korea’sfood and entertainment giant CJ Group pledged to up marketing on Koreancontents business so that the so-called ...
HyundaiWia’s 2017 outlook bright on its focus on green car parts
Hyundai WiaCorp. has bumpy roads ahead in the latter half of this year, but is expected tosee its earnings improve starting ...
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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:
(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:
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.)
Invitation to Gracia Boutique Hotel in Gangneung, East Coast tointroduce new hotel
ChairpersonYeo Mung-ju of the Gracia Boutique Hotel in the Summer Resort City of Samcheokon the East Coast cordially invites Your Excellency and Madam to the Hotel andthe picturesque beach facilities on Saturday13 August 2016.
Fordetails on the Hotel, please visit:/news/view.html?smode=&skey=Gracia&x=23&y=13§ion=162&category=182&no=1254
ChairpersonYeo is building a large, prestigious new deluxe hotel on the East Coast, andwishes to introduce the new hotel and her plan to provide the leaders of thecountries of the world visiting Korea as well as the Ambassadors in Korea withcomplimentary accommodation in a gesture of goodwill and expression of herinterest in the promotion of friendship and cooperation between Korea and thecountries represented by the Excellencies.
Itineraryof the Tour for the Ambassadors and Madams on Saturday 13 August 2016 is asfollows:
0830hours, Saturday 13 August 2016: Meet at Grand Hyatt Seoul (near the WaterFountain).
0830-1200hours: Move from Seoul to Samcheok City, Gangwon Province.
1230-1500hours: Luncheon hosted by Chairperson Yeo and attended by the local governmentand civic leaders as well as the Ambassadors and Madams.
Thevenue is the outdoor Pine Grove, which is the scenic location site of thefamous movie, Where the Six Dragons Flew into the Sky.
Therewill be Idol Troupe performances as well as welcome ceremonies and presentationof memorial gifts.
1600-1700hours: Introduction to the complimentary use of the facilities of the new Hotelby the Ambassadors and their Families.
1700-2030hours: Arrive back at Grand Hyatt 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:_____.
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Invitation to Samsung Semiconductor, LG Electronics, 2nd ROKNavy Headquarters and Pyeongtaek City
Iam pleased to inform Your Excellency that Mayor Gong Jae-gwang of thePyeongtaek City of Gyeonggi Province, together with the CEOs of the SamsungSemiconductor and LG Electronics, and the Second ROK Navy Commander, cordiallyinvites Your Excellency and Madam to visit the two major electronics companiesof Korea and the ROK Navy Base as well as the Pyeongtaek City Government on Wednesday August 17, 2016.
Pleasevisit: http://koreapost.koreafree.co.kr/news/view.html?section=161&category=180&no=1324for detailed information on the Pyeongtaek City.
Theitinerary of the Tour is as follows:
0830hours Wednesday August 17, 2016: Meet at Grand Hyatt Seoul (near the WaterFountain).
0830-1000hours: Move by Limousine Buses to the Pyeongtaek City Government Hall.
1000-1100hours: Have tea with Mayor Gong Jae-gwang, see introductory video on Pyeontaekand photo session
1120-1200hours: Visit and inspect the production facilities of the Samsung SemiconductorPlant in Go-deok.
1200-1330hours: Attend Luncheon (buffet) hosted by the Mayor of the Pyeongtaek City.
1330-1430hours: Visit and inspect the LG Electronics Plant in Pyeongtaek
1530-1630hours: Visit and inspect the Republic of Korea Navy Second Fleet Headquarters.
1700-1800hours: Visit the Information Hall of the Pyeongtaek Harbor.
1800hours: Leave Pyeongtaek City for Seoul (Grand Hyatt 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:_____.
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Invitation of Excellenciesto the Korea Institute of CivilEngineering and Building Technology
Iam pleased to inform Your Excellency that President Tai-sik Lee of the KoreaInstitute of Civil Engineering and Building Technology (KICT) of the Ministryof Construction cordially invites Your Excellency and Madam to a tour of theInstitute on Friday August 19, 2016.
Ifdesired, Your Excellency could be accompanied also by a construction- and/oreconomic officer of the Embassy. Please visit: /news/view.html?section=160&category=179&no=1327
Itrust that the Tour would provide Your Excellency with a rare opportunity tohave a glimpse into the advanced construction technology of Korea and that itwould be extremely conducive to the promotion of understanding and cooperationbetween Korea and your esteemed country in the area of construction. Theitinerary follows:
0830 hours Friday 19 August 2016: Meet at Grand Hyatt Seoul(near water fountain).
0830-0920 hours:Move by Limousine Buses to the Head Office of the Korea Institute of CivilEngineering and Building Technology in Ilsan northwest of Seoul.
0920 hours: VisitingExcellencies and Madams to be welcomed at the Entrance Hall.
0930-1120 hours:Introducing of visiting Excellencies and Madams and also the leaders of KICT.Welcome remarks, presentation of Plaque of Appreciation to the KICT presidentand memorial gifts to the visiting Excellencies and other diplomats.
1120-1130 hours: Photo session.
1130-1220 hours: Inspection ofvarious facilities, including BIM Room.
1230-1400 hours: Attend buffetluncheon attended also by the CEOs of small-medium industries.
1400 hours: Leave KICT for Grand Hyatt Seoul.
VeryRespectfully Yours
/s/
LeeKyung-sik
Publisher-Chairman
The Korea Post phones: 2298-1740/2, mobiles 010-3388-1682(Korean) and 010-5201-1740 (Chairman LeeKyung-sik).
RSVP: Yes, my spouse andI will attend_______. I will attend alone_______.
Mobilephone of driver or secretary:____________________. Regrets:_____.
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