The Korean daily media headlines and humor

TheKorean daily media headlines and humor

Friday, September 9, 2016

Your Excellency:

Here are The KoreaPost notices and around up of important headlines from all major Korean-languagedailies, TV and other news media of Korea today:

Very Respectfully Yours

/s/

Lee Kyung-sik

Publisher-Chairman

Korea Post Media

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

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

ParkDiscusses N. Korea Threat at East Asia Summit

President ParkGeun-hye took part in the East Asia Summit in Laos on Thursday, discussing waysto deal with North Korea’s nuclear ambitions with the U.S., China, Japan,Russia and ASEAN member countries.

S.Korea's Jo Gi-seong Wins First Paralympic Gold in Swimming

South Koreanswimmer Jo Gi-seong has won a gold medal at the Rio Paralympic Games.

Gov'tto Exert Efforts to Widen Outside Info Access to N. Koreans

South Koreasays it will work on its own and with the United States to increase NorthKorean citizens' access to outside information.

185Bipartisan Lawmakers Form Group to Push for Constitutional Revision

DefenseMinister, OPCW Chief Discuss N. Korea Threat

ParkDiscusses N. Korea Threat at East Asia Summit

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

Leadersof S. Korea, Laos hold summit to discuss bilateral cooperation

President ParkGeun-hye and her Laotian counterpart Bounnhang Vorachith will hold a summit inVientiane on Friday to discuss bilateral cooperation in trade, investment,energy, development, defense and other areas, her office Cheong Wa Dae said.

Satelliteimagery shows fresh activity at N. Korea's nuclear test site: 38 North

Recentsatellite imagery shows fresh activity at North Korea's nuclear test site,suggesting that excavation and maintenance operations are under way, a U.S.website ...

Accountingfirms' revenues jump 10 pct in 2015: FSS

Accountingcompanies operating in South Korea saw their combined revenues climb 10.1percent on-year to 2.46 trillion won (US$2.25 billion) in fiscal 2015, datashowed Friday...

Trumpreiterates call for S. Korea to pay more

U.S. Republicanpresidential nominee Donald Trump said he will "respectfully" askSouth Korea and other allies to pay more for American defense support ifelected to ...

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

Governorgets 18-month jail term for bribery

A Seoul courton Thursday sentenced South Gyeongsang Province Gov. Hong Joon-pyo to 18 monthsin prison for taking bribe...

Assemblyslams handling of Daewoo, Hanjin

South Korea’spolitical circles began their parliamentary probe into the government’smismana...

KiaMotors to use Mexico as bridge to Americas

South Korea’ssecond-largest automaker Kia Motors aims to use its plant in Mexico as a baseto...

Policerelease anti-graft law guide

Bracing itselffor the implementation of a comprehensive anti-corruption law on Sept. 28, the...

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

N.Korea is losing friends: vice defense minister

Countries thathave traditionally maintained ties with North Korea are now turning their backson the reclusive country, Vice Defense Minister Hwang In-moo said Thursday. Oneindication is the presence of Uganda and Ethiopia in ...

Comfortwoman statue remains sticking point in Park-Abe talks

VIENTIANE,Laos - President Park Geun-hye refrained from mentioning a statue symbolizingJapan’s wartime sexual slavery during a meeting with Japanese Prime MinisterShinzo Abe, Wednesday. However, Japan’s demand for the removal...

N.Korea rejects UN Security Council statement, vows to bolster nuclear force

North Koreasaid Wednesday it rejects the U.N. Security Council statement condemning itslatest missile launches, claiming the statement is a violation of the country'ssovereignty and vowing to continue to strengthen its nuclea...

Baseballcommentator Ha found dead 

Ha il-sung, apopular baseball commentator and former secretary general of the Korea BaseballOrga...

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

U.S.to help N. Koreans gain more access to outside information

The U.S.government has laid out a plan to help North Koreans have greater access tooutside information. It was reported that …

Woodsto be beck to the field next month

Tiger Woodswho left the field for over a year is expected to make his comeback nextmonth.Despite rumors of a possible retiremen…

KingJeongjo Parade to be held next month

Citizens areexpected to participate at King Jeongjo Tomb Parade, the highlight of the SuwonHwaseong Cultural Festival.Suwon …

CJKorea Express commands largest logistics firm in Malaysia

CJ KoreaExpress has become the largest courier service company in Malaysia by acquiringsome shares of a Malaysian logistics com…

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

More Fat Cats Voluntarily Report OffshoreAssets

More and more Korean individuals and businesses arevoluntarily reporting overseas bank accounts with more than W1 billion. TheNational Tax Service said Wednesday that their number increased 28 percent lastyear from the year before. >> Full TextGov't Offer Flushes Out W500Billion in Hidden Overseas Assets

Koreans Report W2.7 Trillion in Bank AccountsAbroad

Korean Air to Share More U.S. Routes withDelta

Korean Air is expanding its partnership with Delta Air Linesof the U.S., the airline said Monday. Code-sharing allows airlines to selltickets for each other's flights and is aimed primarily at adding destinationswithout having to buy more aircraft.

Over 1 Million Homes Sit Empty

More than a million homes in Korea are empty, StatisticsKorea said Wednesday. As of November there were 16.4 million homes in thenation, but 1.07 million or 6.5 percent were empty. Some 5.8 percent ofapartments are unoccupied as property developers put up high-risers on spec andmany remain unsold.

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

Japaneseleader Abe wants comfort woman statue gone: Kyodo News

Japanese PrimeMinister Shinzo Abe all but demanded the removal of a statue symbolizing thecomfort women at a Sept. 7 summit meeting with South Korean President ParkGeun-hye, a Japanese news agency reported. Speaking in reference to a Dec. 28agreement between the South Korean and Japanese governments on a resolution tothe comfort women issue, Abe told Park at their summit in the

Pres.Park and Prime Minister Abe reaffirm comfort women agreement

During asummit meeting at the National Convention Center in Vientiane, the capital ofLaos, on the afternoon of Sept. 7, South Korean President Park Geun-hye andJapanese Prime Minister Shinzo Abe agreed to work closely with the UnitedStates to respond to North Korea’s nuclear and missile programs, including thepossibility of additional provocations, the Blue House announced.

IMFcautions that S. Korea’s debt-to-income ratio should be lowered

In a recentreport, the International Monetary Fund (IMF) advised the South Koreangovernment to tighten its regulations on the debt-to-income ratio (DTI) inorder to reduce the risk of household debt.While the IMF has mentionedhousehold debt as being a risk factor for the South Korean economy on severalprevious occasions, this was the first time that it suggested that Seoul adopta specific DTI cap.

Gov’tto announce Lotte golf course as alternative site for THAAD deployment

South Korea’sDefense Ministry has apparently selected a Lotte golf course as the alternativesite for deploying the THAAD antimissile system in Seongju County, NorthGyeongsang Province, and is planning to officially announce the site selectionat the end of this month.“I’ve been told that the work on assessing thepotential THAAD deployment sites is basically done and that they’re exploringthe option of officially announcing the assessment outcome around the weekafter the Chuseok holiday [Sept. 14-16],” an official with South Korea’sDefense Ministry said on Sept. 7.

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

Kiaopens plant in Mexico with 400,000 capacity

Hyundai MotorGroup Chairman Chung Mong-koo is following other global automotive companiesand starting production in Mexico to improve sales in the Americas.

Kia Motors,the country’s second-largest automaker and key affiliate of Hyundai MotorGroup, on Wednesday opened a plant that can manufacture 400,000 vehiclesannually in Pesqueria, Mexico.

Northcould reverse Thaad decision: Rhodes

Washingtoncould reconsider the deployment of its antiballistic missile system to SouthKorea…

HongJoon-pyo sentenced to jail for bribery

SouthGyeongsang Governor Hong Joon-pyo was found guilty Thursday of taking moneyfrom the late businessman…

Hospitalto use IBM’s Watson for cancer care

GachonUniversity Gil Medical Center, a general hospital in Incheon, has partneredwith IBM to utilize the tech company’s…

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

[Aftermath of the Comfort Women Agreement]President Park Gives Japan "Indulgence" for Comfort Women Issue,While Abe Presses for the Removal of the Comfort Women Statue

At a summit with Japanese Prime Minister Shinzo Abe onSeptember 7, President Park Geun-hye assessed the agreement on the comfortwomen in the Japanese military···

[Editorial] Still Worried about SecurityDespite a Series of Summits with the U.S., China and Japan

President Park Geun-hye attended a series of summits withthe leaders of the U.S., China and Japan and discussed the Terminal HighAltitude Area Defense (THAAD)···

Where Park and Abe resemble and differ

Strained relations between South Korea and Japan duringthe past several years proved to be a major headache for the Obamaadministration; an administration kno···

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

AugustManufacturing Job Growth Rate Hits 7 Year Low

Due to theimpact of the shipbuilding restructuring, the growth rate of manufacturing jobslast month hit a record low since 2009. In contrast, the number of employees inthe service sector increased by a large margin in August. According to a report"August 2016 Labor Market Trend" released by the ... 

DoosanBobcat Set to Make 2.45 Tril. Won IPO Deal

Doosan Bobcat,the world's No. 1 company in the small construction machinery market, willsecure up to 2.45 trillion won (US$2.23 billion) through an initial publicoffering. The company will float 48.9 percent of its shares (48,981,125 shares)in the upcoming IPO. It is likely the Doosan Bobcat dea...

DRAMPrices Rebound after 21 Months of Free Fall

InternationalDRAM prices have rebounded after a free fall for 21 consecutive months, givinghopes to the stock prices of Korea's memory chip suppliers like SamsungElectronics and SK Hynix. According to DRAMeXchange and semiconductor industrysources on September 8, the long-term contract price of ...

ShipbuildingOrder Backlogs Hit 13 Year Low

Korea'sshipbuilding industry saw its order backlogs fall to the lowest level in almost13 years (12 years and ten months). As a new order drought continues, thecrisis facing the industry is likely to get worse further. According toBritain-based shipbuilding and shipping analysis firm Clarksons o...

GalaxyNote 7 Black Onyx to Be Released as Scheduled in October

SamsungElectronics plans to release the Galaxy Note 7 Black Onyx next month. Thismodel has not been available in the Korean market. Samsung

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

Creditcard spending by Chinese tourists focuses on cosmetics: survey

Spending byChinese tourists using plastic cards has jumped dramatically over the past fiveyears, helped by the growing popularity of cosmetics products favored by youngpeople, industrial data showed Thursday. Credit card spending by C…

CJGroup unit acquires controlling stake in Malaysian logistics firm

South Korea'slargest total cargo delivery company, CJ Korea Express Corp., said Thurs…

SouthKorea optimistic over cargo crisis amid growing complaints

A cargo crisiscaused by Hanjin Shipping's filing for bankruptcy protection showed signs ofeasing with one container carrier allowed to unload cargo at the US port ofLong Beach, a top economic official said Wednesday.

?A Hanjin vessel remains stranded atthe port of Long Beach.

Bowing tostrong government pressure, the parent group of South Korea's Hanjin Shippingagreed Tuesday on an emergency fund of 90.5 million US dollars to ease troubledcargo delivery caused by court receivership.

Biddingwar intensifies to acquire lucrative kitchen appliance maker

A race toacquire Tongyang Magic, a lucrative kitchen appliance maker, has intensifiedamong potential buyers including South Korea's food and beverage giant CJ Groupas the final round of bidding draws near.

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

CJKorea Express acquires Malaysia’s Century Logistics

CJ KoreaExpress Co., South Korea’s largest courier service company, said Thursday thatit has bought a leading logistics company in Malaysia to expand its footprintin the Southeast ...

Koreangov’t selects 3 firms to benefit from One-Shot Act

Hanwha ChemicalCorp., Unid Co. and Tong Yang Moolsan Co. have become the first beneficiariesof the so-called One-Shot Act,  ...

HMMto run Southeast Asian routes with 3 smaller Korean shippers

HyundaiMerchant Marine Co., South Korea’s second largest container carrier, would forma shipping alliance with smaller local ...

S.Korean court asks gov’t and state lenders to help out Hanjin Shipping

The SouthKorean bankruptcy court administering Hanjin Shipping asked the government andcreditors to come up with emergency ...

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