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The Korean daily media headlines and humor

기사승인 2018.05.17  16:35:40

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The Korean daily media headlines and humor

Thursday, May 17, 2018

Your Excellency:

What’s ticking in Korea and around the world today?

Here are The Korea Post notices and a roundup of important headlines from all major Korean-language dailies, TV and other news media of Korea today:

Very Respectfully Yours

/s/

Lee Kyung-sik

Publisher-Chairman

The Korea Post media

P.S.: If the Headlines are no longer desired, please advise us at: edt@koreapost.com or pub@koreapost.com.

Interview with Director Zabri of the Malaysian Investment Development Authority in Seoul

Malaysia looms large as an attractive investment target country

Director Mohamad Reduan Mohd Zabri (left) holds a lates copy of The Korea Post magazine with

Pubisher-Chairman Lee Kyung-sik.

Director Mohamad Reduan Mohd Zabri of the Malaysian Investment Development Authority (MIDA) in Seoul said, “Hundreds of leading Korean companies have made Malaysia a part of their strategic location for investments and they include Lotte Chemical, Titan Malaysia, Samsung, Hanwha Q-Cells, CJ Bio Malaysia and POSCO Kiswire.” He said, “We continue to welcome more quality investments from Korea to leverage on the opportunities present in Malaysia and the ASEAN region.”

Speaking at a recent interview with The Korea Post media, established 33 years ago and now owning and operating 3 English hand 2 Korean-language media outlets, Director Mohd Zabri said disclosed that hundreds of Korea’s leading business companies are now very active in the promotion of economic cooperation between Korea and Malaysia while at the same time enjoying good business.

(For further details, visit: http://www.koreapost.com/news/articleView.html?idxno=6709.)

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Discloses Commercial Counsellor Dr. Antonio Estévez of Spain at an interview with The Korea Post media

Spain has most attractive investment incentives in store for Korean companies’

Commercial Counsellor Estevez of Spain interviewed by Publisher-Chairman Lee Kyung-sik of

The Korea Post media, publisher of 3 English and 2 Korean language news media outlets established 33 years ago in 1985.

“Spain offers one of the most attractive Investment Incentives systems in the EU. Korean companies can have access to regional incentives grants in 80% of the Spanish territory, soft loans for industrial investments, subsidies and tax incentives for R&D activities, Social Security rebates for job creation and training as well as the benefits that the Treaty on Avoidance of Double Taxation with Korea establishes,” stated Commercial Counsellor Mr. Antonio Estévez at a recent interview with The Korea Post media for publication.

Then he said: “We also offer a ‘Golden Visa’ scheme to Korean investors and expats who are going to work for Korean companies in Spain with a fast track of 10 days for visa clearance and 20 days for residence permits. Finally, we cannot forget the important advantage offered by Spain in terms of strategic location as a platform to enter not only into other European countries but also into Latin American markets.”

(For further details, visit: http://www.koreapost.com/news/articleView.html?idxno=6707.)

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Round-up of important news stories from major Korean dailies today:

The Korea Post media (www.koreapost.com) in English, (www.koreapost.co.kr) in Korean.

Xi emphasizes friendship 'sealed in blood' with N.K.

Chinese President Xi Jinping has met with visiting North Korean ruling party officials and emphasized the importance of advancing a friendship "sealed in blood" between the two countries, the North's state-run media reported Thursday.

The group led by Pak Thae-song, a member of the Political Bureau and vice chairman of the Central Committee of the Workers' Party of Korea, arrived in Beijing on Monday. He is accompanied by senior party officials representing major provinces and cities."Welcoming the friendship group's visit to China, Xi Jinping said that China is attaching very importance to the work to propel the traditional friendship between the two countries sealed in blood to a higher stage as required by the new era," the Korean Central News Agency (KCNA) said in an English report."He noted with pleasure that he met Chairman Kim Jong-un two times and exchanged the comprehensive and detailed views on the matters of concern including the development of the relations between the two parties and the two countries and the regional and international situation," it added.

Trump on N. Korea summit: We'll see what happens

U.S. President Donald Trump said Wednesday that he will see "what happens" as to the fate of his planned meeting with North Korean leader Kim Jong-un.North Korea has threatened to call off the historic summit over ongoing military exercises between the U.S. and South Korea, and protested U.S. demands for a "unilateral" dismantlement of its nuclear weapons program."No decision. We haven't been notified at all. We'll have to see," Trump said at the start of a meeting with Uzbek President Shavkat Mirziyoyev. "We haven't seen anything. We haven't heard anything. We will see what happens."

Jobless rate falls to 4.1 pct in April, job creation remains sluggish

South Korea's jobless rate fell slightly in April due to a rise in employment in the health care, financial service and public service sectors, but job creation still remained weak, government data showed Wednesday.The unemployment rate stood at 4.1 percent last month, down 0.1 percentage point from a year earlier, according to the report compiled by Statistics Korea.The number of employed people reached 26.86 million in April, up 123,000 from a year earlier, according to the data.The unemployment rate for young adults -- those aged between 15 and 29 -- was 10.7 percent, down 0.5 percentage point from a year earlier.The employment rate stood at 66.6 percent in April, unchanged from a year earlier, with the corresponding figure for young people at 42 percent, down 0.1 percentage point over the cited period.

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

White House is Following 'Trump Model,' not Libya Model

The White House has downplayed comments by U.S. national security adviser John Bolton, who recently called for a Libya model for the denuclearization of North Korea. When asked about the model, White House spokeswoman Sarah Huckabee Sanders said Wednesday that she hadn't seen that as part of any discussions so she's not aware that that's the model the U.S. is using. She said the White House was following the "President Trump model," adding Trump is the best negotiator and he will run negotiations the way he sees fit. North Korea has taken issue with comments from top security adviser John Bolton that the North should follow the "Libyan model" of denuclearization first, compensation second. Following a threat by North Korea to pull out of the planned summit with the U.S., Sanders also said that the U.S. is still hopeful that the summit will take place, adding the threat was something that the U.S. fully expected and Trump is "ready for very tough negotiations."

Heavy Rain Pounding Seoul, Gyeonggi Province

Heavy rain, along with thunder and lightning, is pounding Seoul, Gyeonggi and Gangwon provinces on Thursday, with parts of the region hit by over 50 millimeters of torrential rain.As of 9:10 a.m., heavy rain warnings are in place for Seoul, Gyeonggi Province and western Gangwon Province. Early on Thursday at around 4:30 a.m., Paldang Station on the Gyeongui-Jungang Line was struck by lightning, suspending operations of Seoul-bound trains. The incident also crippled the operations of subway trains on the Gyeongui-Jungang Line and KTX trains on the Gangneung Line. With the heavy downpour, Paldang Dam in Gyeonggi Province has been releasing about 19-hundred tons of water per second since 7 a.m.The Korea Meteorological Administration expects rain until Friday morning.

Tax Investigation Launched into 50 Large Companies

The government has launched a nationwide tax inspection into conglomerates and the superrich who are suspected of tax evasion. The National Tax Service said on Wednesday that it will conduct an investigation into 50 large companies suspected of evading inheritance and gift taxes. The tax agency said the amount of suspected tax evasion for each company ranges from several billions to more than 100 billion won. The agency plans to conduct the investigation for three months, and bring criminal charges against those confirmed to have evaded taxes and collect the taxes they evaded through illicit means.

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

Police looking into fresh suspicions in opinion rigging probe

Police are looking into suspicions that a power blogger at the center of an opinion rigging scandal masterminded the manipulation of thousands of Internet comments at portal sites Daum and Nate in addition to Naver, the biggest portal, officials said Thursday.Investigators analyzed a USB memory stick seized from a key associate of the blogger, surnamed Kim and better known by his nickname Druking, and found that the team rigged comments on about 3,000 news stories at Daum and 100 articles at Nate, officials said.Police have obtained court warrants to ensure that the operators of Daum and Nate preserve the related data amid concern that members of Druking's team could attempt to destroy evidence by removing the comments they manipulated.Police plan to analyze data from the two portals to determine whether Druking's team used a "macro" computer program to rig the number of "likes" on comments on news stories carried by Daum and Nate, just as they did with stories on Naver.

GM to recall hundreds of vehicles with Takata air bags in S. Korea

GM Korea Co., the local unit of U.S. auto giant General Motors Co., will voluntarily recall 712 vehicles with Takata air bags, the government said Thursday.The recall -- set to begin May 28 -- affects the carmaker's Saab 9-3 and 9-5 produced between July 2005 and September 2008, according to the Ministry of Land, Infrastructure and Transport. Another five models will be recalled once the company secures improved air bags, it said. Concerns have been rising over the models' air bags built by Japan's Takata Corp., which could potentially hurt drivers when they are deployed. Dozens of deaths and hundreds of injuries have been reported worldwide in connection with the air bags' inflators. No accidents have been reported in South Korea so far, but the government asked car importers in June 2016 to voluntarily expand recalls on vehicles with the problematic air bags. People who fixed their cars' defects on their own before the recall was issued are eligible for compensation from the automakers.

KT&G to roll out new e-cigarette next week

KT&G Corp., South Korea's leading cigarette maker, said Thursday it will put a new heat-not-burn (HNB) electronic cigarette on the market next week.The product, dubbed lil plus, will hit domestic store shelves next Wednesday, the first anniversary of the debut of HNB e-cigarettes in the South Korean market.Phillip Morris launched its HNB electronic tobacco iQOS in South Korea on the same day a year ago, and the company plans to host a media day this year to mark the anniversary.KT&G said its selection of the rollout day for the new product is unrelated to the first anniversary of Phillip Morris' iQOS launch here.But industry watchers said KT&G seems to have targeted the anniversary as the company had originally been expected to release a new product in June or July.

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The Korea Herald (http://www.koreaherald.com)

Trump on N. Korea summit: We'll see what happens

US President Donald Trump said Wednesday that he will see "what happens" as to the fate of his planned meeting with North Korean leader Kim Jong-un.North Korea has threatened to call off the historic summit over ongoing military exercises between the US and South Korea, and protested US demands for a "unilateral" dismantlement of its nuclear weapons program."No decision. We haven't been notified at all. We'll have to see," Trump said at the start of a meeting with Uzbek President Shavkat Mirziyoyev. "We haven't seen anything. We haven't heard anything. We will see what happens."

N. Korea postpones talks with S. Korea, threatens to nix summit with US

North Korea on Wednesday abruptly postponed scheduled high level inter-Korean talks and threatened to pull-out of the summit with the US, taking issue with the ongoing South Korea-US joint military drill and “unfair” demands on denuclearization.According to Seoul’s Ministry of Unification, the North’s chairman of the Committee for the Peaceful Reunification of the Country Ri Son-gwon delivered a message shortly after midnight. In it, Ri criticized the drills and indefinitely postponed the high-level talks which were only hours away. The ministry expressed regret over the North’s unilateral decision, saying that the move does not fall in line with the spirit of the Panmunjeom Declaration. Later in the day, a top North Korean official issued a statement saying that Pyongyang would have no choice but to reconsider the US-North Korea summit if denuclearization is demanded of the regime unfairly.

Advocacy group urges policy for defense against hostile activist funds

The nonprofit Korea Listed Companies Association, which represents some 2,000 listed companies, urged the government Wednesday to come up with a policy to allow companies to defend against hostile moves from foreign activist shareholders.Such attempts have undermined Korean firms’ efforts to embark on long-term growth and instead lead to them sticking to short-term gains, said Jung Koo-ryong, chairman of the advocacy group, in a press conference held at the Korea Exchange headquarters on Wednesday.

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The Korea Times (http://www.koreatimes.co.kr)

Trump insists on North Korea's denuclearization

U.S. President Donald Trump acknowledged on Wednesday it was unclear if his summit with North Korea would go ahead after Pyongyang threatened to pull out of the unprecedented meeting, a move that could deny him a potentially major foreign policy achievement.
North Korea threw into doubt the June 12 summit between its leader Kim Jong-un and Trump on Wednesday, saying it might not attend if Washington continues to demand it unilaterally abandon its nuclear arsenal. North Korea also called off talks with South Korea scheduled for Wednesday, blaming U.S.-South Korean military exercises.

Hyundai to form international consortium for NK biz

One of the best-known names in business here is preparing to take advantage of the country's improving relations with North Korea. While there are lots of questions over whether U.S. companies want to invest heavily in the North given the many uncertainties, Hyundai Group is betting big on new kinds of gambles there. The conglomerate said Wednesday it was seeking to establish a consortium in anticipation of launching several sizable economic projects in North Korea.

Korea urged to rethink growth strategy

South Korea needs a new growth strategy. The economy is losing resilience and vitality under President Moon Jae-in's income-led growth strategy. Businesses are reluctant to make investments and hire new employees, while consumers shun spending due to the higher burden of taxes and interests.

Creation of unproductive jobs in the public sector supported by taxes has made civil service exams most popular among college graduates. Most young Koreans are seeking stable jobs rather than taking risks, which renders the economy enervated.

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

N.Korea Threatens to Pull out of Summit with U.S. Over Air Drills

North Korea on Wednesday threatened to cancel a planned summit with the U.S. in June amid a massive aerial drill by South Korean and American forces.

Kim Kye-gwan, a veteran nuclear negotiator and North Korea's vice foreign minister, in a statement warned Pyongyang "could reconsider a summit with the U.S. if the U.S. is trying to drive us into a corner to force our unilateral nuclear abandonment."

The North is also furious that the U.S. is ratcheting up demands for denuclearization before the summit has even taken place.

U.S. Wants to Inspect N.Korea's Nuke Test Site

The U.S. is demanding that international experts are allowed to inspect North Korea's nuclear test site in Punggye-ri, North Hamgyong Province, which is about to be shut down. North Korean leader Kim Jong-un promised during last month's summit with South Korean President Moon Jae-in to shut down the test site and invited the international press. The U.S. is now demanding the inclusion of experts among the audience after criticism that any shutdown in the absence of experts would be meaningless.

Korea to Crack Down on Cut-Price Package Tours for Chinese

The government plans to crack down on so-called zero-dollar package tours for Chinese tourists, who are herded from one shopping opportunity to another and pressured to buy. The number of Chinese tourists to Korea is expected to rise again now that an unofficial boycott is coming to an end, but the government does not want to return to the old ways.

The Ministry of Culture, Sports and Tourism said Tuesday, "We will run a better management system of package tour operators for Chinese tourists so that they offer better-quality tours."

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

Japan sharpens hardline language about Korea in foreign policy report

There was a noticeable increase of hardline language in the 2018 Diplomatic Bluebook released by the Japanese government on May 15, including the statement that the “Sea of Japan” is the only term with international legal standing for the body of water known in Korea as the “East Sea.” The Diplomatic Bluebook is a report by Japan’s Foreign Ministry that proposes foreign policy directions for Japan while taking into account how the diplomatic landscape around Japan changed during the previous year.

North Korea threatens to cancel North Korea-US summit

North Korea has announced that it has no interest in the US's demands for unilateral denuclearization, adding that it will reconsider its attendance at the North Korea-US summit that has been scheduled for June 12 in Singapore. North Korea's first vice minister of foreign affairs Kim Kye-gwan declared in an official statement, "We have no interest in dialogue if the US insists on cornering us with unilateral demands that focus exclusively on denuclearization, and we have no choice but to reconsider our attendance at the DPRK-US summit," referring to North Korea as the Democratic People's Republic of North Korea.

US passes act for minimum number of troops in South Korea

An amendment of the National Defense Authorization Act calling to maintain US Forces Korea (USFK) troop numbers at a minimum of 22,000 was recently passed by the US House Committee on Armed Services, and was confirmed on May 14. The amendment appears to reflect concerns among mainstream Washington politicians about the possibility of USFK numbers being cut after the upcoming North Korea-US summit.

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

Pyongyang ‘reconsiders’ Trump summit

Pyongyang threatened to pull out of its planned summit with Washington on Wednesday, saying it had no choice but to “reconsider” the landmark meeting if the United States keeps driving the regime into a “corner” by forcing it to abandon its nuclear arsenal. A statement issued by North Korea’s First Vice Foreign Minister Kim Kye-gwan and published by the regime’s official mouthpiece, the Korean Central News Agency (KCNA), came shortly after the North called off a high-level meeting with South Korea just hours before it was to take place in the border village of Panmunjom.

Top prosecutor faces a mutiny over casino hiring probe

Justice Minister Park Sang-ki on Wednesday expressed regret over internal division within the state’s top investigative body over a corruption case about hiring practices at the only casino where Koreans can gamble. Speaking to reporters at the government complex in Gyeonggi, Park said it was “regrettable” that opinions of prosecutors have been revealed via media reports about the casino company case, referring to an unusual rebuke of top prosecutor Moon Moo-il by his subordinates.

Korean, Turkmen fortresses are guards of history

In the ancient city of Nisa in Turkmenistan, where horseback riders of the Parthian tribes traveled along the Silk Road that snaked through the deserts, there are still fortresses that have stood for thousands of years under the blazing sun and winking stars. “This place is named the Parthian Fortresses of Nisa, which was the capital of the Parthian Empire,” said Turkmen Ambassador to Korea Myrat Mammetalyyev. “It was a location important not only to Turkmenistan but to the civilizations of the era.”

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The KyungHyang Shinmun (http://english.khan.co.kr/)

Prosecutor General Moon Moo-il Suspected of Exerting Influence on Gangwon Land Investigation

On May 15, the prosecution team investigating corruption in the recruitment of Gangwon Land employees announced that they tried to press charges against the senior officials at the Prosecution Service who exerted influence on the investigation and judged that it was necessary to detain Liberty Korea Party lawmaker Kweon Seong-dong when questioning him, but that their work was delayed because unlike his original word, Prosecutor General Moon Moo-il (57) led the investigation.

The Special Prosecutor for the D-ruking Case, In the Hands of Bareun Mirae and the Party for Democracy and Peace

The ruling and opposition parties agreed on May 14 to pass a bill on a special prosecutor for the D-ruking case in the parliamentary session on May 18. As a result, the investigation of D-ruking and his manipulation of online comments will now go into the hands of a special prosecutor. Since it will take time for the president to appoint a special prosecutor after receiving referrals of candidates and for the special prosecutor to gather an investigative team, the investigation is not likely to begin until after the June 13 local elections.

U.S. Demands Long and Specific, While Compensations Brief and General

The key issue in the summit between North Korea and the United States is the complete denuclearization of North Korea and compensations by the U.S. corresponding to such action. What to include in denuclearization and compensations and in what order to place them are key. The U.S. government is slowly specifying the roadmap for denuclearization including its demands and rewards for North Korea after setting the date for the summit on June 12. The list of what they want is long and specific, but their promise of compensation is short and general. A gap remains in the two countries' position on the order of corresponding measures.

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AJU Business Daily (http://eng.ajunews.com/korea)

Hyundai Motor invests in U.S. startup to beef up autonomous vehicle technology

Hyundai Motor is investing in Metawave, a California-based manufacturer of radar for autonomous vehicles, to build intelligent radars for its drive to market self-driving cars by 2021. The company said in a statement on Wednesday that its venturing and innovation wing, CRADLE, would invest in Metawave to build smart radars, which work as eyes of autonomous vehicles. Hyundai did not disclose details such as money involved. "A new radar system that can increase resolution and accuracy with an AI engine will be a disruptive technology," John Suh, vice president of Hyundai CRADLE, was quoted as saying.

S. Korea promises to disclose forex market intervention gradually

Bowing to U.S. pressure to introduce a transparent foreign exchange policy, South Korea pledged Thursday to disclose records on market intervention gradually and periodically, saying there would be obvious intervention in the event of sudden movements.

For a year, South Korea will publicly report its foreign-exchange intervention every six months. Later on, the amount of net transactions carried out by foreign exchange authorities will be disclosed on a quarterly basis.

Trump says 'no decision' on summit despite threat

U.S. President Donald Trump said that he will see "what happens" as to the fate of his planned meeting with North Korean leader Kim Jong-un. North Korea has threatened to call off the historic summit over ongoing military exercises between the U.S. and South Korea, and protested U.S. demands for a "unilateral" dismantlement of its nuclear weapons program. "No decision. We haven't been notified at all. We'll have to see," Trump said at the start of a meeting with Uzbek President Shavkat Mirziyoyev. "We haven't seen anything. We haven't heard anything. We will see what happens."

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

Hyundai Group to court global financing for N. Korea infra projects

South Korea’s Hyundai Group, which used to spearhead inter-Korean ventures before ties were cut off, plans to form a multinational consortium of corporations, public entities and international funds to finance revived and future infrastructure projects in North Korea. Hyundai Group last week launched a task force team in anticipation of renewed inter-Korean cooperation after the April 27 summit between the leaders of the two Koreas.

KNOC sells 500 mn Swiss franc bonds to repay debt

State-owned Korea National Oil Corporation (KNOC) has successfully sold 500 million Swiss franc after investors gobbled up the issues less than an hour after the company announced the sale. According to multiple sources from the investment bank industry on Wednesday, KNOC has issued five-year maturity bonds worth 500 million Swiss franc. It took only about 50 minutes before the announced issues were fully subscribed by investors, the sources said.

Bangkok invites proactive investment from Korean Inc: Maekyung Forum

South Korean businesses will be given more investment opportunities in Thailand as the Southeast Asian country seeks to develop future industries and promote investor-friendly policies under its nationwide scheme to revitalize the economy, Thailand’s Prime Minister Prayuth Chan-ocha said on Wednesday. “Until now, Korea had less opportunity to invest in Thailand as compared to Japan and China but there will be more opportunities in future,” Prayuth said, in a meeting with Korean businesses at his residence inside Government House Complex in Bangkok, Thailand, on Wednesday.

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What’s ticking around the world at this second?

See what the world media around the world have to report:

USA Today www.usatoday.com aallman@gannett.com

The New York Times www.nytimes.com inytletters@nytimes.com

Wall Street Journal www.wsj.com support@wsj.com,service@wsj-asia.com

Financial Times www.ft.com ean@ft.com

The Times www.thetimes.co.uk help@timesplus.co.uk

The Sun www.thesun.co.uk talkback@the-sun.co.uk

Chinese People's Daily www.people.com.cnkf@people.cn

China Daily www.chinadaily.com.cn circulation@chinadaily.com.cn

GwangmyeongDaily www.gmw.cn webmaster@gmw.cn

Japan's Yomiuri www.yomiuri.co.jp japannews@yomiuri.com

Asahi www.asahi.com customer-support@asahi.com

Mainichi www.mainichi.jp

Le Monde www.ilemonde.com

Italy LaRepubblica www.quotidiano.repubblica.it vittorio.zucconi@gmail.com

Germany Frankfurter AllgemeineZeitung www.faz.net anzeigen.ausland@faz.de

SüddeutscheZeitung www.sueddeutsche.de forum@sueddeutsche.de

Australia Brisbane Times www.brisbanetimes.com.au syndication@fairfaxmedia.com.au

Sydney Morning Heraldwww.smh.com.au

Colombia Reports http://colombiareports.com

Bogota Free Planet http://bogotafreeplanet.combfp@bogotafreeplanet.com

El Universal http://www.eluniversal.com.mx/english

Andes http://www.andes.info.ec/en

Ecuador Times http://www.ecuadortimes.net

The Jordan Times https://www.jordantimes.com

LSM.lv http://www.lsm.lv/en

The Baltic Times http://www.baltictimes.comlithuania@baltictimes.com, estonia@baltictimes.com, editor@baltictimes.com

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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The Korea Post is running video clips from the different embassies.

Azerbaijan: https://www.youtube.com/watch?v=OR8CBpcQ4WM

Sri Lanka: https://www.youtube.com/watch?v=hByX92Y2aGY&t=22s

Morocco: https://www.youtube.com/watch?v=jfFmp2sVvSE

And many other countries.

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TO ERR ON THE SAFER SIDE!

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To satisfy your information dissemination-acquisition requirements, please drop a line at edt@koreapost.com, pub@koreapost.com or yeskoreapost@gmail.com

The publisher-chairman of The Korea Post media is serving the Diplomatic Community for more than 40 years, 32 years with The Korea Post and 10 years with The Korea Herald as the Cultural Editor who covered the Diplomatic Community.

For quick response, call Chairman Lee directly at 010-5201-1740 or reporters at 010-3388-1682 or 010-7584-5873.

Lee Kyung-sik edt@koreapost.com

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