Thursday, July 29, 2021
Round-up of important news from major Korean dailies and from international media today
The Korea Post (http://www.koreapost.com/)
“Come sample the world’s best coffee at the Coffee Expo Seoul 2021!”
“Come sample the world’s best coffee at the Coffee Expo Seoul 2021!” This was an enticing expression for Korea’s coffee lovers, especially those in Seoul, to relish the aroma and taste of the genuine Kenyan coffee—directly. On July 14 this year, the Embassy of Kenya in Seoul hosted Coffee Expo at Coex Hall B in downtown Seoul south of the Han River. The four-day event that ran on July 14 to 17 was an opportunity for the Koreans to come, experience, sample, learn and meet some of the top coffee producers from Kenya. In connection with the large-scale coffee promotion event, The Korea Post media interviewed Cabinet Secretary Betty C. Maina of the Ministry of Industrialization, Trade & Enterprise Development on July 13, 2021, who visited Seoul for the important Kenyan coffee event.
She said, “We hope to export more high-quality Kenyan coffee to Korea” She said: “I would like to promote the export of Kenyan coffee by introducing the good taste and high quality of Kenyan coffee to Korea,” Then she said, “During the coffee expo, there will be a B2B meeting between Kenyan coffee farmers and Korean coffee importers and a Cupping Session to experience the taste of Kenyan coffee.”
New leadership pursues unflinching willingness to remove old paradigm for New Uzbekistan
The following article is based on materials provided by the Embassy of Uzbekistan in Seoul to The Korea Post media for publication. The Korea Post media own and operate 3 English and 2 Korean news publications since 1985—Ed. Uzbekistan is still living in a period of transition to shift from centrally planned economy legacy to a full-fledged market economy. Since late 2016, new leadership of the country has pursued an unflinching willingness to remove old paradigms in order to create New Uzbekistan. In the economic sector, these reforms primarily comprise the flexibility of the exchange rate, a comprehensive tax reform and the liberalization of foreign trade. Uzbekistan’s economy is transforming from a closed, state-centered economic model to an open market economy.
“In energy, infrastructure, tourism, IT, agriculture, infrastructure, textile, many more areas”
The Kyrgyz Republic in Central Asia, situated on the west of China and east of Uzbekistan, is a country fast becoming one of the promising economic partners of the Republic of Korea. There are some 20,000 Koreans and ethnic Koreans living in Kyrgyzstan who are actively engaged in the promotion of relations and friendship between Korea and Kyrgyzstan. There is great potential for increased cooperation between the two countries and this was immediately apparent at a recent interview with Ambassador Dinara Kemelova of the Kyrgyz Republic in Seoul, which was conducted on the occasion of the Independence Day of the country on August 31, 2021.
Nowadays economic cooperation between Korea and other countries of the world has become very important, and many competitive Korean companies plan to expand their investment overseas. Details of the interview follow:
KBS (http://world.kbs.co.kr/english/news/)
Moon to Hold 1st Ministerial Meeting on Public Livelihood
President Moon Jae-in will convene an inaugural economic ministerial meeting on public livelihood on Thursday. According to the presidential office, the meeting is designed to help come up with effective policies as the latest and worst round of the pandemic in the nation as of yet is likely to further aggravate economic hardship. During the meeting, Finance Minister Hong Nam-ki will report to the president on a set of policies to ease the COVID-19-induced economic shock and stabilize public livelihood. SMEs and Startups Minister Kwon Chil-seung will introduce measures to help small businesses and the self-employed while Employment and Labor Minister An Kyung-duk will present on job creation policies. Health and Welfare Minister Kwon Deok-cheol will also announce measures to assist socially vulnerable groups.
Kim Jong-un Highlights N. Korea-China's 'Kindred Ties'
North Korean leader Kim Jong-un highlighted the “blood” ties between Pyongyang and Beijing and pledged that the friendly relationship between the two countries will carry on for generations. The North’s official Korean Central News Agency said on Thursday that Kim made the remarks during a visit to the Friendship Tower in Pyongyang on Wednesday to mark the 68th anniversary of the armistice. The monument was set up to commemorate China’s participation in the Korean War. Placing a wreath, Kim said China helped the North “at the cost of their blood” when his country faced “the hardest and most difficult trials.” He said the North-China friendship, which he called “kindred ties,” will carry on for generation after generation on the path toward a common cause. It marks the third time Kim has visited the tower since he took power. The other visits followed the 70th anniversary of China’s participation in the three-year war in October last year and Chinese President Xi Jinping’s visit to the North in June 2019.
US Fed Leaves Key Rate Unchanged
The U.S. Federal Reserve on Wednesday decided to keep the key interest rate at near zero despite signs of continuing economic recovery. After a two-day Federal Open Market Committee(FOMC) meeting, the Fed said in a statement it decided to maintain the benchmark rate in a target range between zero and zero-point-25 percent. The U.S. benchmark rate was dropped to the historically low level in March of last year to cushion the economic fallout of the COVID-19 pandemic and has been kept there ever since. The Fed said the economy continues to “strengthen” but Chairman Jerome Powell said the U.S. still has not reached “substantial further progress yet.”
Powell, however, indicated the Fed could consider readjusting its stance on the current monetary policy if it saw signs that inflation expectations “were moving materially and persistently beyond levels consistent” with its goal.
Yonhap (http://english.yonhapnews.co.kr)
Moderna to resume COVID-19 vaccine shipments to S. Korea next week: gov't
U.S. pharmaceutical company Moderna will resume provisions of COVID-19 vaccines to South Korea next week, the prime minister said Wednesday, following a delay due to an issue linked to the company's vaccine production. Prime Minister Kim Boo-kyum announced the company's vaccine supply resumption plan at an interagency COVID-19 response meeting, explaining that health officials discussed the matter with Moderna officials late Tuesday through a video conference. The government said Tuesday that Moderna provided notification late last week of an unidentified issue with the U.S. firm's vaccine production plans, with the shipments initially set to arrive late this month having been delayed to August. In December, the government signed a deal with Moderna to buy its vaccine for 20 million people, with the 40 million doses agreed to be delivered in successive batches starting in the second quarter of this year.
Cheong Wa Dae says no talks held yet on inter-Korean summit
The office of President Moon Jae-in dismissed a news report Wednesday that the two Koreas are in talks to arrange another summit. Quoting unnamed government sources, Reuters reported that the two sides are seeking to hold summit talks between Moon and the North's leader Kim Jong-un. One of the sources was quoted as adding that a virtual summit could be an option due to the COVID-19 pandemic. "The foreign news report is not true," Cheong Wa Dae spokesperson Park Kyung-mee said in a brief statement. "There has been no (relevant) discussion." Speaking separately to Yonhap News Agency over the phone, she said there is no difference in Cheong Wa Dae's position issued the previous day with regard to the issue. On Tuesday, South and North Korea put their direct communication lines back in operation. Cheong Wa Dae said Moon and Kim have exchanged personal letters several times since April and produced the agreement to reconnect the hotlines that Pyongyang unilaterally cut 13 months earlier.
Daily virus cases hit new high; infections in non-capital area, delta variant worrisome
South Korea's daily new coronavirus cases hit a new high Wednesday, health authorities said, as the highly transmissible delta variant and rising infections outside the greater Seoul area continue to hamper the virus fight. The country added 1,896 COVID-19 cases, including 1,823 local infections, raising the total caseload to 193,427, according to the Korea Disease Control and Prevention Agency (KDCA). The daily number was up 531 from the previous day. It was the largest daily caseload since the country reported its first virus case on Jan. 20, 2020, breaking the previous record of 1,842 tallied last Wednesday. The country added four more COVID-19 deaths, raising the death toll to 2,083. The fatality rate was 1.08 percent. Later in the day, health authorities and local governments said 1,514 new cases were confirmed from 12 a.m. to 9 p.m. Wednesday, down 198 from the same time the previous day.
The Korea Herald (http://www.koreaherald.com)
Korea says Moderna will resume shipments next week
Korea said Wednesday that Moderna was set to make up for the shortfall in the July delivery of its COVID-19 vaccine to the country with shipments resuming in August.“ As a result of a teleconference with Moderna officials held Tuesday evening, shipments will return starting next week,” said Prime Minister Kim Boo-kyum. A day earlier, he said the pharmaceutical company had reported production issues with its vaccine and consequent delays in delivery in a July 23 exchange with the government. He said that the national vaccination campaign will proceed as planned, and that Koreans can count on getting to the goal of herd immunity by November.
US welcomes restored inter-Korean hotlines
The US welcomed the reopening of the inter-Korean hotlines that had been severed for more than a year, calling it a “positive step,” sparking conjecture on whether the development could lead to another round of summits or progress in stalled nuclear talks between Pyongyang and Washington. “The US supports inter-Korean dialogue and engagement, and of course welcomes today’s announcement of restoration of inter-Korean communication lines, and we certainly believe that this is a positive step,” Jalina Porter, principal deputy spokesperson for the State Department, said in a briefing Tuesday (US time). “I will also say that diplomacy and dialogue are essential to achieving complete denuclearization and establishing permanent peace on the Korean Peninsula.”
Inter-Korean talks going virtual?
Cheong Wa Dae is considering setting up a virtual meeting system for inter-Korean talks, signaling that working-level talks could start soon following Tuesday’s restoration of the hotlines between the two Koreas after a 13-month hiatus. “The direct hotlines may not be enough for intensive talks and negotiations,” President Moon Jae-in’s senior secretary for public communication, Park Soo-hyun, said during a radio interview on Wednesday. “Building a virtual meeting system may be one of the options to have more convenient conversations.” His remarks came one day after South and North Korea reopened direct communication lines. Both countries’ governments confirmed that the hotline restoration was the outcome of months of exchanges between Moon and North Korean leader Kim Jung-un.
The Korea Times (http://www.koreatimes.co.kr)
Economy, fairness to be key issues in presidential election
About seven months remain before the country chooses its new leader, and although it has yet to enter full-on election mode, dozens of contenders from both the ruling and opposition blocs have already announced their presidential bids. From the ruling Democratic Party of Korea (DPK), six contenders are in the running but the competition is now mainly about the rivalry between Gyeonggi Province Governor Lee Jae-myung, and former DPK Chairman and ex-Prime Minister Rep. Lee Nak-yon. The ruling party will select its final candidate in October. From the conservative opposition bloc, former Prosecutor General Yoon Seok-youl has long topped opinion polls of presidential hopefuls since his resignation from the top post in early March. Yoon has focused on criticizing the Moon Jae-in government's policy failures, and is expected to join the main opposition People Power Party (PPP) next month.
Students from 26 countries encouraged to stay home until Korea's vaccination drive picks up
International students from countries where coronavirus variants are prevalent will be recommended to not come to Korea until Korea's vaccination rate advances, according to the education ministry, Wednesday. Only 34.9 percent of people here have had at least one vaccine shot as of Tuesday, while 13.6 have been fully vaccinated. As a part of the antivirus measures at schools for the second semester, which starts in September, the ministry said the government and universities will encourage students from 26 countries experiencing serious infection rates of COVID-19 variants, including the Delta variant, to refrain from entering the country until after 70 percent of the local population has had at least one vaccination shot. The ministry expects the 70 percent goal to be reached by the end of September.
Ruling party's push for laws to make 'fake news' publishers pay draws concerns
The liberal ruling Democratic Party of Korea's (DPK) push to revise a law to enable the prosecution of media outlets or reporters for producing "fake news" is drawing concern that it could violate press freedom. At a subcommittee meeting of the National Assembly Culture, Sports and Tourism Committee, Tuesday, DPK members and a liberal minor opposition party member passed a revision bill to the Act on Press Arbitration, while members of the conservative main opposition People Power Party (PPP) did not take part in the vote in protest. The revision will be confirmed if passed by the legislative committee and voted on in a plenary session of the Assembly. The bill will allow the imposition of punitive damages on media companies for reporting damaging disinformation or misinformation, widely known as "fake news." According to the bill, those damaged by fake news due to the "intent" of reporters or media outlets, or gross negligence can claim punitive damages amounting to five times the damage they suffered.
Chosun Ilbo (http://english.chosun.com)
Young Koreans Sink Deeper into Debt
Bank loans to people in their 20s more than doubled in the four years since President Moon Jae-in took office as youth unemployment skyrocketed and housing prices spiraled out of control. They surged a staggering 165.9 percent since 2017, which is much higher than the average 40.6 percent growth of household loans and the highest among all age groups. According to the Financial Supervisory Service, the entire outstanding debt balance rose from W16.4 trillion in the first quarter of 2017 to W43.6 trillion in the same period of this year (US$1=W1,154). Loans to people in their 30s surged 58.4 percent, from W136.4 trillion to W216 trillion. For people in their 50s they grew by 25.5 percent and for over-60s 39.9 percent.
2 Koreas Restore Communication Lines
The government in a surprise announcement Tuesday said President Moon Jae-in and North Korean leader Kim Jong-un have restored cross-border communication lines. The North severed all communications in June last year in a fit of fury over South Korean activists floating propaganda leaflets across the border. "The two leaders have exchanged letters several times since April to restore inter-Korean relations," presidential secretary Park Soo-hyun told reporters. "They also agreed to rebuild mutual trust as soon as possible and develop relations between the two sides." Liaison officers from the two sides already exchanged messages through a communication line twice, in the morning and in the afternoon. "We proposed regular phone calls at 9 a.m. and 5 p.m. every day as before, which the North accepted," the Unification Ministry said.
Korea Sent More COVID Aid to China Than to Poor Countries
Korea sent more humanitarian aid to China under a program to help developing nations fight coronavirus last year than to poorer countries in need, opposition lawmakers revealed Tuesday. Shipments of face masks and protective gear for medical professionals to China were worth US$4 million, much more than the $2.69 million it sent to Iran, the second largest beneficiary. Opposition lawmakers accused the Foreign Ministry of spending taxpayers' money to curry favor with China so President Xi Jinping will visit Seoul before President Moon Jae-ins term ends. "Was it necessary to give the most amount of aid to China even when there are many countries that really need outside help?," one asked. Last year, the ministry set up the program to share Korea's resources in fighting the coronavirus pandemic with countries in need. A total of $51.61 million was spent on it, but by far the biggest beneficiary was China with $4 million.
HanKyoReh Shinmun (http://english.hani.co.kr)
Will Moon, Kim’s correspondence lead to substantive results in inter-Korean relations?
With the 68th anniversary of the Armistice Agreement bringing up memories of the agonies of the Korean War, the announcement that day of the restoration of inter-Korean hotlines could be seen as a long-awaited rainfall after an extended drought. It’s still too early to tell, however, whether that shower will be a life-giving force that moistened the parched earth and helps peace to flower again on the peninsula or whether it will be inadequate to stave off the raging heat. Purely in technical terms, the restoration of the inter-Korean hotlines Tuesday was simply a matter of North Korea reverting to the status quo before June 9 of last year, when it unilaterally closed down all liaison channels over the scattering of propaganda leaflets by defector groups in the South. Even before the hotlines were shut down, however, inter-Korean relations had already been in rickety shape following the collapse of the second North Korea-US summit in Hanoi in February 2019.
Moon, Kim exchanged multiple letters since Moon reached out first in April
North Korea’s decision to restore lines of communication with the South 413 days after severing them was reportedly based on correspondence between the two leaders that began in April. They’ve exchanged letters on more than ten occasions since then. High-ranking officials in the South Korean government familiar with inter-Korean relations told the Hankyoreh on Tuesday that South Korean President Moon Jae-in sent the first letter in the correspondence around the third anniversary of the Panmunjom Declaration on April 27. Moon received a reply from North Korean leader Kim Jong-un before the South Korea-US summit in Washington on May 21. Park Soo-hyun, the Blue House’s senior secretary for public communication, acknowledged Tuesday that Moon and Kim had exchanged letters “several times since April.” That was echoed by North Korea’s state-run Korean Central News Agency, which said the two leaders had exchanged letters several times recently.
US-China stalemate because US sees China as "imagined enemy," Chinese diplomat says
The first senior-level communication between the US and China in about four months ended without achieving much, except to reaffirm the differences in the two sides' views. This chill between Washington and Beijing appears likely to persist for some time. The Chinese Ministry of Foreign Affairs reported Monday that Vice Foreign Minister Xie Feng, who is in charge of China's diplomacy with the US, met earlier that morning in Tianjin with US Deputy Secretary of State Wendy Sherman.
Xie was quoted as rather pointedly saying that the root cause of the deadlock in China-US relations was because "some Americans portray China as an 'imagined enemy.'" This sort of aggressive attitude recalls the "2+2" senior-level talks the two sides held in Anchorage back in March. "For quite some time, when talking about conflict with China and challenges facing the U.S., the 'Pearl Harbor moment' and the 'Sputnik moment' have been brought up by some Americans," Xie was quoted as saying.
The Dong-A Ilbo (http://english.donga.com/)
COVID-19 is top-priority between two Koreas, says Cheong Wa Dae
The South Korean presidential office Cheong Wa Dae picked COVID-19 as the highest priority agenda to rebuild inter-Korean relations after kicking off with restoring communication hotlines. This remarks hints potential for the two Koreas to cooperate in vaccine and pandemic termination. North Korean leader Kim Jong Un also mentioned “public health crisis” on Wednesday. “COVID-19 is an imminent issue for both South and North Korea. We will begin discussions on topics with feasibility,” presidential senior secretary Park Su-hyun said in a telephone interview with the Dong-A Ilbo. “COVID-19 is definitely the highest priority topic for both Koreas. We have many commitments with the international society as well.” North Korean leader Kim said that his country is faced with an unprecedented public health crisis and long-term shutdown, which creates difficulties and challenges equivalent to agonies in a war situation, according to Korea Central News Agency.
South and North Korea restore hotline
South and North Korea restored hotlines on Tuesday, 413 days since North Korea unilaterally severed inter-Korean communication hotline in June last year. Back then, the North blamed propaganda leaflets sent by some North Korean defectors across the border. Taking the opportunity, the South Korean presidential office Cheong Wa Dae plans to expedite the effort to improve inter-Korean ties in the final months of President Moon Jae-in’s term. “South and North Korea have agreed to restore their severed communication hotlines as of 10 a.m., Tuesday,” presidential senior secretary for public communication Park Soo-hyun said on Tuesday. “The leaders of the two Koreas have exchanged letters since April to discuss improving inter-Korean relations and agreed to start by restoring severed communication hotlines.”
Eastar Jet employees endure 1.5 years without being paid
“I just tried to endure it. It was so painful but I persevered to survive,” said Jang Moon-ki, a senior member of Eastar Jet’s maintenance division and member of the workers’ consultative body “Workers’ Alliance,” when asked how he is doing these days. “Now that I have come out of a tunnel, I feel more motivated. Now I am just thinking about taking a leap forward.” An Eastar Jet employee described the past year and a halfㅡthe time it took for the takeover processㅡas a “living hell.” No one could predict whether the company would survive or a buyer would emerge because the aviation industry took the brunt of the COVID-19 pandemic. Employees, who were unpaid for over a year, had to protect themselves and their families. They did everything they could find to make ends meet, including courier service, delivery service, chauffeur service, part-time job at cafes, and day labor.
The KyungHyangShinmun (http://english.khan.co.kr/)
No Action from Japan Following Soma’s Remarks, Not Much of an Option for the South Korean Government
Japan remains passive in its response to the controversy following the inappropriate remarks by Hirohisa Soma, deputy chief of mission at the Japanese Embassy in South Korea, mentioned as the reason plans for a bilateral summit between South Korea and Japan in time for the Tokyo Olympics collapsed. The Japanese government remains silent on follow-up measures that the South Korean government publicly requested. Realistically, the government does not have any cards to press Japan for action, so experts claim the government is caught in a dilemma. According to the foreign ministry on July 27, Japan has yet to respond to the “proper measures” that the South Korean government demanded in connection to the controversial comments by Soma. South Korea did not specify its demands to Japan, but stated that the purpose was to prevent such an incident from recurring, so the request was understood to be a personnel decision, such as summoning Soma back to Japan.
“Nearly 70-80% of the Care Package in Seoul’s Living Treatment Centers Are Thrown Away”
Employees at the Seoul metropolitan government have pointed out that most of the products included in the care package for COVID-19 patients with light or no symptoms under quarantine at the city’s living treatment centers are being discarded without being used. This has been criticized as a result of failing to properly survey the demand when determining the necessary items. Recently, in an online board exclusively for Seoul’s civil servants, one official wrote, “Improvements are urgently needed concerning the items included in the care package for people entering living treatment centers.” The civil servant who identified herself as one on duty at a living treatment center said, “The employees in the management support team here have repeatedly raised this issue, and I also found it so unreasonable, that I am requesting improvements.”
UNESCO Unanimously Adopts Resolution on Japan’s Distortion of Facts on Battleship Island
The United Nations Educational, Scientific, and Cultural Organization (UNESCO) World Heritage Committee unanimously adopted a resolution stating that Japan failed to properly convey historical facts on Korean victims of forced labor on Battleship Island (Hashima Island). On July 22, Kyodo News covered the story also mentioning that the assessment included unusually strong expressions, such as “strongly regret,” aimed at the Japanese government. According to Kyodo News, in the resolution, the World Heritage Committee, asked the Japanese government to make improvements to the Industrial Heritage Information Center in Tokyo, describing Battleship Island. Specifically, the committee pointed out that the Japanese government failed to sufficiently explain the fact that South Koreans were victims of forced labor and also failed to properly remember the victims.
Maeil Business News Korea (http://www.pulsenews.co.kr/)
HK Inno.N IPO priced at top-end of $51 on hottest-ever institutional demand
Initial public offering (IPO) of HK Inno.N Corp., a bio and healthcare company in South Korea, is priced at the top end of 59,000 won ($51.06) apiece in the hottest-ever demand for a bio stock in the country’s secondary Kosdaq market. Its IPO was oversubscribed by 1,871 times from 1,627 institutional investors during the book-building session from July 22 to 26. As a result, the IPO price was set at the highest end of its guidance band of 50,000 won to 59,000 won, allowing it to raise up to 596.9 billion won. Its market capitalization is estimated at 1.7 trillion won. Of the total offering of 10,117,000 shares, 57 percent are new shares with the rest coming from its largest shareholder Kolmar Korea owning 50.71 percent stake.
Korea’s archery dynasty has the best of Hyundai Motor’s high tech
High-tech and materials used to power the latest premium cars are part of the hidden secret behind South Korea’s unrivalled archery command at the Olympics, or what the Washington Post described as a “dynasty of enchanting ruthlessness.” South Koreans have never lost the gold since they took part in the game from Seoul Summer Olympics in 1988, which is unmatched record across all categories in Olympics history. They added three gold medals so far at the 2020 Tokyo Summer Olympics. Their mastery and precision at every four-year competition have evolved with their longstanding corporate patron Hyundai Motor Group and the Chung owner family.
Samsung Electronics Pyeongtaek P2 chip fab briefly stops on Tue evening
Samsung Electronics Co’s second next-gen fab in its main Pyeongtaek complex that became active a year ago came to a stop Tuesday evening and was normalized after a fix to gas problem. The production halt happened around 6 p.m. due to trouble with nitrogen gas supply but was soon addressed to cause little impact to production activity, company officials said. The company claimed the halt was for a maintenance check and denied any technical problem. On Wednesday, Samsung Electronics shares finished 0.9 percent higher at 79,200 won ($68.60). Pyeongtaek P2 is the Korean tech giant’s newest semiconductor fabrication plant that began commercial production in August last year.
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Chinese People's Daily www.people.com.cn kf@people.cn
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Australia Brisbane Times www.brisbanetimes.com.au syndication@fairfaxmedia.com.au
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El Universal http://www.eluniversal.com.mx/english
Andes http://www.andes.info.ec/en
Ecuador Times http://www.ecuadortimes.net
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LSM.lv http://www.lsm.lv/en
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El Pais http://elpais.com/elpais/inenglish.html
Philippine Daily Inquirer https://www.inquirer.net
Daily News Hungary http://dailynewshungary.com
Budapest Times http://budapesttimes.hu
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