The Korean daily media headlines and humor

TheKorean daily media headlines and humor

Wednesday, September 28, 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

What’sticking in Korea today?

Hereis a quick roundup of important news stories from the major Korean news mediatoday:

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

USDefense Chief Pledges 'Overwhelming Counterattack' on N. Korean Nuclear Strike

U.S. DefenseSecretary Ash Carter has warned North Korea that it will face "anoverwhelming and effective response" in the event of a nuclear attack.

WhiteHouse: Hongxiang Sanctions Show Obama's Commitment to Isolate N. Korean Regime

The WhiteHouse says that the U.S.' blacklisting of Dandong Hongxiang IndustrialDevelopment Company proves President Barack Obama's aim to further isolate theNorth Korean regime.

WorldKorean Biz Convention Opens in Jeju

The 15th WorldKorean Business Convention opened at the Jeju International Convention Centerin Jeju Island on Tuesday.

Oppositionto Seek Independent Counsel to Investigate Farmer's Death

Threeopposition parties have decided to push for a probe by an independentprosecutor to look into the death of a farmers’ union member.

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

S.Korea stays at 26th in global competitiveness ranking: WEF report

South Korea'sranking in global competitiveness remained unchanged this year as the country'simprovement in its macroeconomic environment was offset by a drop in theeducation sector, a report showed Wednesday.

U.S.focusing on cutting off N. Korea's income from coal trade, labor exports:Russel

The UnitedStates is working hard with South Korea and Japan to cut off sources of incomefor North Korea, including coal trade and labor exports, the top StateDepartment official in charge of Asian affairs said Tuesday.

Seoulhosts foreign investment event to attract more investors

South Korea ishosting a foreign investment promotion event to highlight potential businessopportunities in the country and attract more overseas investors, thegovernment said Wednesday.

WorldBank reappoints Kim to second five-year term

The World Bankunanimously reappointed its Korean-American president, Jim Yong Kim, to asecond five-year term on Tuesday.

Britaineffectively deports 2 N. Korean insurance firm officials

Britain haseffectively deported two London-based officials of North Korea's stateinsurance firm by refusing to renew their visas after the firm was slapped withsanctions in the wake of Pyongyang's January nuclear test, a diplomatic sourcesaid.

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

USsanctions Chinese firm tied with NK

South Korea onTuesday welcomed the US’ imposition of sanctions on a Chinese firm suspected tohave provided financial services and illicit goods that may have helped beef upNorth Korea’s nuclear and missile program.

Clinton,Trump clash in 1st debate

In a combativeopening debate, Hillary Clinton emphatically denounced Donald Trump Mondaynight for keeping his personal tax returns and business dealings secret fromvoters and peddling a “racist lie” about President Barack Obama. BusinessmanTrump repeatedly cast Clinton as a “typical politician” as he sought tocapitalize on Americans’ frustration with Washington.

CorporateKorea braces for change over anti-corruption law

The nation’sdeeply rooted business entertaining culture is expected to go through a majorchange with the enforcement of the anti-corruption law Wednesday.

Toxicsubstance used in toothpastes

Localtoothpastes and personal care products were found to contain a toxic chemicalsubstance also used in deadly humidifier disinfectants, albeit in smallamounts, an opposition lawmaker said Tuesday

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

Anti-graftlaw sets uncharted course for firms

The followingis the first of a series on the anti-graft law, known as the Kim Young-ran Act,which could possibly change Korean society drastically.

Readernails misspelling of Korea's No. 1 national treasure

After Seoulbegan a project to track down mistakes in English-language signs, numerousreports have been filed with The Korea Times.

AmorePacific'stoothpastes recalled for banned chemicals

Chemicals usedin some toxic humidifier disinfectants were also found in famous toothpastebrands, according to the government.

DoesApple still 'Think Different?'

Returning toApple 12 years after an infamous departure in 1985, the late Steve Jobs startedthe famous "Think Different" commercial campaign on Sept. 28, 1997,to get greater public attention.

Many expertsreply in the negative because Apple has failed to produce any notableinnovations of late.

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

Maerskmay seek M&As of Hanjin and Hyundai

Maersk Line,the world’s No. 1 shipping company based in Denmark, could seek to take overHanjin Shipping and Hyundai Merchant Ma…

Colombiaon a path toward peace

The Colombiangovernment and rebels have officially declared the end of the five decade-longcivil war.According to the Associate…

Apaleontologist donates 1,300 rare fossil specimens to Korea

“Iwill be 70 next year. Before I die, I want to contribute my achievements to mycountry.” An individual has donated some 1,300 …

Yourfeelings and movements complete artwork

“Theessence of art is human emotion. What I pursue with my artwork is thefoundation of human emotion. Adding the factor of natu…

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

U.S. Sanctions Chinese Firm for Aiding N.Korea

The U.S. on Monday announced criminal charges andsanctions against Dandong Hongxiang Industrial Development for aiding NorthKorea’s nuclear program.

Wealth Still Concentrated in Gangnam

Seoul wealthiest taxpayers are still concentrated southof the Han River in Seoul, the area now world-famous as Gangnam, but otherdistricts are coming up fast.

Autumn Foliage Season Begins

The trees started wearing their flaming autumn colors onMt. Seorak on Monday, the Korea Meteorological Administration said. That wasthree days later than last year and a day earlier than on average.

Chinese Police Could Help out on Jeju

Lawmakers on Monday discussed asking a small contingentof Chinese police to be stationed on Jeju Island to help with violent crimeinvolving the ever-growing numbers of Chinese tourists on the resort island.

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HanKyoRehShinmoon (http://english.hani.co.kr)

Adocumentary made by “the land and sky of Korea”

“I’mso glad that a Japanese person took a risk and managed to accomplish somethingthat no Korean has dared to do. Let’s give him a big hand,” said Han Seung-heon,a lawyer and former chairman of South Korea’s Board of Audit and Inspection. Itwas the afternoon of Sep. 24, and Han was speaking at a restaurant in the Insaneighborhood of Seoul during a final meeting for those who had supported theproduction of the documentary “Donghak Peasant Revolution: Chili Peppers andRifles.” Han’s remarks were followed by a round of applause for Kenji Maeda,81, the director of this documentary.

ShinzoAbe declines to call S. Korea a country “that shares Japan’s basic values”

Japanese PrimeMinister Shinzo Abe avoided describing South Korea as a “country that shares[Japan’s] basic values,” even after an agreement reached between the twogovernments on the Japanese military comfort women issue on Dec. 28 of lastyear.

Stillno investigation into water cannon blast that killed farmer Baek Nam-ki

The key issuein the recent death of farmer Baek Nam-ki - an investigation into who shot thewater cannon whose jet struck him - has ended up buried in the controversy overwhether an autopsy should be performed.

Japanesejournalist who broke comfort women story says he’s not a “fake reporter”

Takashi Uemura,the former Asahi Shimbun reporter who first brought the Japanese militarycomfort women issue to public debate in 1991 with a report quoting survivor KimHak-sun under her real name, has now published a book.

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

Adocumentary made by “the land and sky of Korea”

“I’mso glad that a Japanese person took a risk and managed to accomplish somethingthat no Korean has dared to do. Let’s give him a big hand,” said HanSeung-heon, a lawyer and former chairman of South Korea’s Board of Audit andInspection. It was the afternoon of Sep. 24, and Han was speaking at arestaurant in the Insa neighborhood of Seoul during a final meeting for thosewho had supported the production of the documentary “Donghak PeasantRevolution: Chili Peppers and Rifles.” Han’s remarks were followed by a roundof applause for Kenji Maeda, 81, the director of this documentary.

ShinzoAbe declines to call S. Korea a country “that shares Japan’s basic values”

Japanese PrimeMinister Shinzo Abe avoided describing South Korea as a “country that shares [Japan’s]basic values,” even after an agreement reached between the two governments onthe Japanese military comfort women issue on Dec. 28 of last year.

Stillno investigation into water cannon blast that killed farmer Baek Nam-ki

The key issuein the recent death of farmer Baek Nam-ki - an investigation into who shot thewater cannon whose jet struck him - has ended up buried in the controversy overwhether an autopsy should be performed.

Japanesejournalist who broke comfort women story says he’s not a “fake reporter”

TakashiUemura, the former Asahi Shimbun reporter who first brought the Japanesemilitary comfort women issue to public debate in 1991 with a report quotingsurvivor Kim Hak-sun under her real name, has now published a book.

Antigraftlaw’s vagueness is a concern for many

Signs of chaosloomed on the eve of the enforcement of a new antigraft law, as the SupremeCourt’s interpretation of the statutes differ from the anticorruptioncommission’s guidelines.

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

Why We Do Not Need to Establish “NationalFoundation Day”

They say the ruling party is trying to establish"National Foundation Day." They claim that the Republic of Korea wasfounded on August 15, 1948 and that they should newly establish NationalFoundation Day to commemorate this.

Ruling Party Takes to the Streets, NeglectingResponsibility in State Administration and Fueling Aversion to Politics

The Saenuri Party has opted to take to the streets inprotest as the ruling party. They have abandoned their responsibility in stateadministration as the ruling party and have chosen a politics of conflict andstrife clashing with the opposition parties as the "minority" aheadof next year's presidential election.

No Apology, Government Ignores ItsResponsibility and Neglects to Punish Those Responsible

The farmer Baek Nam-gi (69) breathed his last breathbefore hearing a word of apology from the Park Geun-hye government. No one tookthe responsibility and no one was punished for his death. Baek's death isexpected to fuel the controversy and debate over excessive use of police forcein suppressing riots and over who was responsible for the tragedy.

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

Restructuringin Shipbuilding, Steel, and Petrochem Industries Begins

A second roundof the industry restructuring effort now focusing on shipbuilding, steel, andpetrochemical industries will be launched at the end of September. Unlike inthe first round during which some of the non-performing companies like HanjinShipping went under, the second round will likely see no such case.

SKNetworks Selected as Preferred Bidder to Tongyang Magic Deal

SK Networkshas been selected as the preferred bidder to a deal to acquire Tongyang Magic,a home appliance manufacturing and rental company. According to industrysources on September 27, the consortium of Glenwood Private Equity and NHPrivate Equity, the current owner of Tongyang Magic, held the main bidding forthe kitchen appliance maker on the same day and SK Networks successfully outbidother bidders by a large margin by offering a purchase price of 600 billionwon.

3State-run Energy Enterprises Incurred More Than 5 Tril. Won in InterestPayments...Parliamentary Probe

Aparliamentary inspection revealed that Korea's three state-run corporationsincluding Korea National Oil Corp., Korea Gas Corp., and Korea Resources Corp.have incurred more than 5 trillion won in interest payments alone in their bidto develop overseas resources.

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

BudaeJjigae chosen by Chinese Tourists as more favorite Korean food

A SouthKorean-style spicy stew called Budae Jjigae was cited as the most favored dishamong Chinese tourists more than fried chicken and Samgyetang (traditionalginseng chicken soup), according to a new Chinese big data survey.

Carlyleconsortium becomes sole candidate to buy McDonald's

A US-SouthKorean consortium of Carlyle Group LP and Maeil Dairy Industry Co. has becomethe sole candidate in contention to acquire or jointly run the Korean unit ofUS iconic fast food chain McDonald's.

Hyundaishipyard proposes unpaid leave for office workers

Hyundai HeavyIndustries, the world's largest shipbuilder, said Monday that office workers atone of its three shipyards would be given an unprecedented unpaid leave as partof a cost-saving program.

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

LGGroup’s next-generation growth engine water business reaping fruit

South Korea’slarge conglomerate LG Group is beginning to make headway in water business thatit has been investing heavily over the last six years as one of its key futuregrowth engines along with solar power and electric vehicle businesses.

HyundaiCapital America prices 3-year $600 mn and 10-year $500 mn global bonds

HyundaiCapital America Inc. on Friday priced $1.1 billion dual-tranche transactionslightly cheaper than expected in the backdrop of imminent U.S. interest ratehike in the year-end.

Prosecutorsseek arrest warrant for Lotte Group chief Shin Dong-bin

South Koreanprosecutors on Monday requested the Seoul Central District Court to approve anarrest warrant for Lotte Group Chairman Shin Dong-bin on charges ofembezzlement and breach of trust involving 175.4 billion won ($157.7 million),a week after the head of the retail giant was summoned for questioning.

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