September 13, 2016

TheKorean daily media headlines and humor

Tuesday, September 13, 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/)

5.8Quake in Southeastern Part of Korea Causes Injuries, Property Damage

A series ofearthquakes rattled the southeastern part of the nation Monday night. No majorcasualties were reported, but eight people sustained minor injuries andhundreds of property damage reports were filed.

166Aftershocks Follow 5.8 Magnitude Quake

Authoritiessay 166 aftershocks were recorded following the massive five-point-eightmagnitude earthquake that jolted the region near Gyeongju City at 8:32 p.m. onMonday.

USB-1B Bombers to Fly over Korean Peninsula Tuesday

United StatesB-1B strategic bombers stationed in Guam are making their way to South Korea, aday later than originally scheduled.

Gov'tUnveils Measures for Stable Rice Supply, Demand

Gov'tto Execute 71% of Extra Budget Before Chuseok

KOSPIDrops 2.28%, Samsung Nosedives 6.98%

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

Recordearthquake jolts S. Korea

A recordmagnitude-5.8 earthquake jolted most of South Korea, the country'smeteorological agency said Monday.

S.Korea's jobless rate edges up to 3.6 pct in Aug

South Korea'sjobless rate increased slightly in August from a year earlier, with theunemployment rate for young adults still remaining high amid a prolongedeconomic slump, a government report showed Tuesday.

Pirates'Kang Jung-ho earns top NL weekly honors

Kang Jung-hoof the Pittsburgh Pirates has been named the National League Player of the Weekfor the first time in his career.

N.K.capable of building 7 bombs a year, likely to build nuclear ICBM reaching U.S.in decade: Hecker

North Korea iscapable of building seven nuclear warheads a year in addition to the existingstockpile of fissile material for some 20 bombs, and is expected to master thecapability to fly nuclear missiles to the U.S. in a decade, a top U.S. nuclearscientist said Monday.

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

Magnitude-5.1earthquake jolts southeastern S. Korea

A recordmagnitude-5.8 earthquake jolted most of South Korea, the country'smeteorological agency said Monday.

Park:NK poses 'real' threat of war

President ParkGeun-hye on Monday warned that North Korea’s escalating provocations and “real,imminent threats” could pose the threat of war on the Korean Peninsula, pushingpolitical parties to embrace stronger defense measures.

Samsungheir tightens grip, shares tumble on recall

Lee Jae-yong,vice chairman of Samsung Electronics and the heir apparent of Samsung Group,was named as a registered boardroom member, the company said Monday, signalinghim moving one step closer to the throne.

NKready for new nuke test: Seoul

With ripplesfrom North Korea’s latest nuclear test continuing to spread throughout theregion, speculation surfaced Monday that the communist state may be gearing upto detonate another fission device in defiance of international condemnation.

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

Strongest-everearthquake hits Korea, tremors felt nationwide

A5.8-magnitutde earthquake, the most powerful seismic activity here since 1978when the nation started measuring tremors, struck the historic city of Gyeongju,North Gyeongsang Province, at 8:32 p.m., the Korea MeteorologicalAdministration (KMA) said Monday.

Nuclearreactors shut down after quakes

Nuclearreactors locating near the epicenter of a record 5.8-magnitude quake thatstruck Gyeongju on Monday evening have stopped operation.

LeeJae-yong to tighten control of Samsung as director

SamsungElectronics Vice Chairman Lee Jae-yong will take greater control andresponsibility in management as a registered executive director on the board,the company said Monday.

'NorthKorea must be forced to abandon chemical weapons'

Theinternational community should work together to oblige North Korea to join theChemical Weapon Convention (CWC) that calls for destroying all existingchemical weapons and never producing them again, said the head of aninternational chemical weapons watchdog.

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

Pyongyangfinishes preparations for sixth nuclear test

Theintelligence authorities of South Korea and the U.S. have detected the trace ofa completed preparation by North Korea for a …

U.S.presidential campaigns to stumble amid Hillary's health issue

HillaryClinton, the U.S. Democratic presidential candidate and former Secretary ofState (69, picture), showed signs of concerns…

Hyundai’shydrogen powered taxis to hit the road

Hyundai Motorhas set out plans to reinforce its hydrogen fuel-cell cars business. The Koreanauto maker plans to begin a pilot t…

Thethree intermezzi Op 117 of Brahms

Do you know whathappened to Brahms in 1892? He composed the three intermezzi Op. 117, shortpiano pieces, that year. He …

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

N.Korea-China Trade Grows Despite Sanctions

Trade between North Korea and China has increased sinceUN Security Council sanctions against the North came into effect in March,Japanese media reported Sunday.

N.Korea's Nuke Test 'Only Cost $5 Million

'North Korea spent an estimated US$5 million on its fifthnuclear test on Friday, the National Intelligence Service here said Sunday. Theestimate was leaked by a lawmaker on the National Assembly's intelligenceCommittee, which was briefed by the NIS right after the test. 

Tension with China Hits Korean Impresarios'Pockets

According to corporate tracker Chaebul.com on Sunday, 18Korean showbiz figures who own more than W100 million worth of stocks saw theappraised value of their equity holdings plunge 32.9 percent this year toW408.1 billion last week.

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

Populationof S. Korea swells to 50m for first time: census

Almost half ofpopulation lives in greater Seoul area, single-person households have becomeprevalent

South Korea’sresident population passed 50 million for the first time this year.Themilestone comes 30 years after the population first exceeded 40 million in1985. But the number of children aged 14 and under was found to be down by 5.18million from the 1985 level, and the population aged 65 and over was up by 4.82million. In this population structure, the shadow of a low birth rate and anaging population hangs particularly heavy. Individualistic lifestyles were alsofound to have had an impact on household makeup, with single-person householdsmaking up the single largest group among all households for the first timeever.

5thnuke test is message to outside world: Sanctions will not stop N. Korea

North Koreadescribed its fifth nuclear test as “Part of our practical response measures tothe sanctions ruckus and the threat posed by the US and other hostile powers”in a statement issued by the Democratic People’s Republic of Korea NuclearWeapons Institute on Sept. 9. It also called the test “A display of the partyand people’s ultrapowerful commitment.”

Timingof latest N. Korean nuke test is cause for grave concern

Affairs inNortheast Asia were already on an uncertain footing, but the nuclear testcarried out by North Korea on Sept. 9

S.Korea worried about speed of N. Korea’s nuclear development

The pointsthat are worth noting about North Korea’s unexpected nuclear test on Sept. 9are the increased power of the nuclear blast and North Korea’s claim that itwas a “detonation test of a nuclear warhead.”First of all, the explosive powerof this nuclear test (North Korea’s fifth) was twice that of the fourth nucleartest, on Jan. 6. The magnitude of the artificial earthquake as reported by theKorean Meteorological Association (KMA) was 5.04 on the Richter scale, and theforce of its blast was equivalent to 10 kilotons (plus or minus 2 kilotons).

Hungerstrike by T-broad employees, allies may continue through Chuseok

With theChuseok holiday just a week away, Sept. 8 marked the 221st day since 51 workersat a subcontracting partner of the cable company T-broad took to the streets tofight their dismissal, and the 10th day of their hunger strike. Moved by thesight, allies from the labor movement and supporters from civil society groupsbegan staging their own sympathy hunger strikes and press conferences. HopeUnion organizational bureau director Choi O-su,

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

Twostrong earthquakes hit Gyeongju

Two strongearthquakes of magnitude 5.1 and 5.8 struck Gyeongju, a city in NorthGyeongsang about 370 kilometers (230 miles) southeast of Seoul, on Mondayevening, setting off tremors across the nation.

There were noimmediate reports of casualties or serious damage. According to the KoreaMeteorological Administration, the 5.8-magnitude quake was the largest to datein the history of Korean earthquakes reported on land…

North’ssixth nuke test could come at any time

The SouthKorean military said Monday that North Korea could carry out its sixth nucleartest at any time…

Samsungshares fall 7% on more Note7 bad news

Shares ofSamsung Electronics plunged nearly 7 percent Monday after more countriesannounced safety warnings…

Leaders snarlat each other at the Blue HousePresident Park Geun-hye’s meeting with the headsof the ruling and opposition parties ended Monday without agreement…

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

[North Korea’s 5th Nuclear Test: FurtherSanctions] No Solution in Sight with 'Stronger Sanctions

'The South Korean government chose stronger sanctions inresponse to North Korea's fifth nuclear test. Despite that the government'ssanctions and hardl···

Can't Board Planes, Can't Be Turned On:Stricter 'Recall' of Galaxy Note 7

The recall of Samsung Electronics's Galaxy Note 7 isfacing a new situation due to the strong response from the U.S. After therecommendation from the Consumer···

[Sung Wan-jong's List: Hong Joon-pyoSentenced to Jail] Falling Hong Joon-pyo, 'I Want to Go to Hell and Ask Sung

'On September 8, the court sentenced Hong Joon-pyo,governor of Gyeongsangnam-do a year and a half in prison in connection to theSung Wan-jong list, switching o···

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

Samsung'sLee Jae-yong to Be Appointed as Registered Executive Director

Lee Jae-yong,vice chairman of Samsung Electronics, will assume the title of a registeredexecutive director. This is widely interpreted as a move to take moreresponsibility as an owner family member while showing willingness to tackle inperson the reputation crisis triggered by the Galaxy Note 7'... 

China'sHuawei Eyes Cloud Computing Market

China's Huaweiis coveting the cloud market this time after gaining a sizable chunk in theworld's telecom equipment and smartphone market. The Wall Street Journalreported on September 11 that Huawei is strengthening its move into the cloudcomputing market currently dominated by companies in the w...

[MarketInsight] POBA to Revise Its Investment Strategy ahead of U.S. Fed's Rate HikeMove

The PublicOfficials Benefit Association will change its investment strategy in the U.S.real estate market in response to the impending Fed's interest rate hike.Instead of parking in money in real estate funds that it has invested with thepurpose of realizing profits, it will focus more than fund...

"HyundaiSpeed," a New Buzzword Created by Mobis Plant in Beijing

A new buzzword"Hyundai Speed" prevails in the Chinese automobile market. Thisrefers to what Hyundai Motor and Kia Motors, which launched

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

Chineseinvestors show no more interest in South Korean gaming industry

Chineseinvestors are turning back from South Korea's gaming industry which used to bethe target of aggressive mergers and acquisitions by takeover artists fromAsia's largest economy, a state survey showed Friday. From 2010 to 2014,

Samsungapproves $1.05 bln sale of printer business to HP

SamsungElectronics Co., the world's largest smartphone maker, said Monday it has …

Asianashares down 11.5 % on concern caused by capital increase

[courtesy ofAsiana Airlines] Investors dumped shares of South Korea's second largestcarrier Asiana A…

IKEAfinally agrees to recall dressers in South Korea

[Courtesy ofIKEA] Swedish furniture group IKEA has agreed to recall 15 dressers sold inSouth Korea only after a…

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

U.S.authorities turn harsh on Samsung’s Galaxy Note7 ahead of iPhone 7 release

U.S.regulators that have been upping protectionist barriers have slammed hard onSamsung Electronics even as the Korean smartphone giant has taken unusuallyfast and bold recall action on ...

SeoulSemiconductor sues Kmart for selling patent-infringed products

South Korea’slight-emitting diode (LED) producer Seoul Semiconductor Co. filed a lawsuitagainst U.S.-based retail giant Kmart ...

Stateof cargoes and crew becomes concerning as Hanjin Shipping crisis lengthens

As logisticscrisis of Hanjin Shipping lengthens, the toll on cargoes and crew on vesselsstranded at sea as well as its clients ...

KoreaInvestment interested in a piece of Woori Bank

KoreaInvestment Holdings Co., the country`s sole non-banking holding firm, is alsomulling to bid for a share of Woori Bank ...

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