Headlines, September 6, 2018

기사승인 2018.09.07  06:38:07


Thursday, September 6, 2018

Round-up of important news from major Korean dailies today

And from international media:

The Korea Post media ( in English, ( in Korean.

N. Korean leader Kim meets S. Korean president's special delegation
North Korean leader Kim Jong-un met with a special delegation of South Korean President Moon Jae-in Wednesday, possibly reaffirming his commitment to establishing peace on the Korean Peninsula and denuclearizing his country.
"The special delegation met with Chairman Kim Jong-un to deliver the personal letter (from Moon) and exchange their opinions," Seoul's presidential office Cheong Wa Dae said in a brief statement.

Tax agency collects tax from nonprofit organizations over illegality
South Korea's tax agency said Wednesday that it has collected some 40 billion won (US$35.8 million) in taxes from nonprofit organizations run by the country's conglomerates over their illegal wealth transfers.

S. Korea's current account surplus hits yearly high in July
South Korea's current account surplus reached its yearly high in July on the back of solid growth in exports, central bank data showed Thursday.
The country's current account surplus came to US$8.76 billion in July, up from $7.25 billion a year ago, according to the preliminary data from the Bank of Korea (BOK).



Moon's Special Envoys Return after Meeting Kim Jong-un
South Korea's special envoys returned home Wednesday night after meeting with North Korean leader Kim Jong-un in Pyongyang for discussions on the planned inter-Korean summit.

S. Korean Delegation Meets Counterparts in Pyongyang
The presidential envoys from Seoul met with their counterparts in the North Korean capital city of Pyongyang.
The top office's chief press secretary Yoon Young-chan told reporters on Wednesday that the delegation led by presidential security adviser Chung Eui-yong held a meeting with Kim Yong-chol, the North's point man in the current talks with South Korea and the U.S.

Over 300 People Displaced in Downpours
Over 300 South Koreans saw their homes submerged due to heavy rains that began last Sunday.
According to data from the government's Central Disaster and Safety Headquarters, 310 people from 192 households had been displaced as of 11 p.m. Friday.

Yonhap (

Trump says revised Korea trade deal may be signed in 'couple of weeks'
U.S. President Donald Trump said Wednesday that a revised trade deal between the U.S. and South Korea may be signed "in a couple of weeks."
Speaking at the White House, Trump indicated the signing could take place when he meets with South Korean President Moon Jae-in on the sidelines of the U.N. General Assembly later this month

Prosecutors expected to demand heavy punishment for ex-President Lee
Prosecutors are expected to request a heavy sentence for former President Lee Myung-bak on a string of corruption charges in a trial on Thursday.
The Seoul Central District Court will hold the last hearing in the case starting at 2 p.m.

Ex-U.S. envoy calls for humanitarian aid to N. Korea
A former U.S. envoy for North Korean human rights issues said Wednesday that humanitarian aid to the impoverished country should continue despite the threat of its nuclear weapons program.
Robert King, who served as the State Department envoy from 2009 to 2017, issued the appeal in a commentary for the Center for Strategic and International Studies think tank, where he is currently a senior adviser.

The Korea Herald (

Envoys meet Kim Jong-un to discuss denuclearization, summit
President Moon Jae-in’s special envoys met with North Korean leader Kim Jong-un and discussed outstanding issues, Cheong Wa Dae said Wednesday.
“The special envoys met with Kim Jong-un, and delivered (Moon’s) personal letter, and exchanged views,” Cheong Wa Dae spokesman Kim Eui-kyeom said.

Soaring debt among self-employed puts economy at risk
A steep rise in debt owed by self-employed people with faltering businesses is a ticking time bomb for the South Korean economy, experts warn.
Outstanding loans to the self-employed increased 77 trillion won ($68.9 billion) on-year to 598 trillion won at the end of last year, according to data from the Financial Supervisory Service.

Seoul Mayor postpones unveiling of master plan amid real estate price row
Seoul Mayor Park Won-soon indefinitely postponed the unveiling of his master plan for the next four years, saying making the announcement at this point could worsen the continued escalation of real estate prices.

The Korea Times (

Moon's envoys make crucial NK visit
President Moon Jae-in's special envoys visited Pyongyang, Wednesday, for crucial discussions with North Korean leader Kim Jong-un over a scheduled inter-Korean summit this month, as well as the North's denuclearization.

LG Uplus pressured to exclude Huawei from 5G network
South Korea's No. 3 mobile carrier LG Uplus is facing increasing pressure to exclude Huawei from supplying equipment to its 5G network amid cyber-espionage concerns surrounding the Chinese company.

'Sex toys' become Shinsegae's new cash cow
Sex toys, which have long been regarded as taboo in the nation's business circles, have emerged as a new source of income for one of the country's largest conglomerates, Shinsegae Group, according to the retail giant, Wednesday.

Chosun Ilbo (

Many Small Businesses Heavily in Debt
More than 150,000 small businesses have taken out high-interest loans from small savings banks, or multiple loans from credit card companies and other financial institutions, according to a recent study.

Moon, Trump Discuss Envoys' Trip to N.Korea
President Moon Jae-in talked with his U.S. counterpart Donald Trump for about 50 minutes on the phone on Tuesday evening to discuss Wednesday's trip to Pyongyang by five senior South Korean officials.

N.Korean Scientists Publish IT Paper in S.Korean Journal
North Korean scientists have published a computer system research paper in a South Korean journal, a first time for North Korean scholars.
The August issue of the English-language journal Transactions on Internet and Information System of the Korean Society for Internet Information carries the paper by six North Korean authors led by Prof. Ri Il-nam of Kim Il-sung University and Prof. Choe Song-il of Huichon University of Technology.

HanKyoReh Shinmun (

Special envoy’s fate unclear as it heads to Pyongyang
South Korean President Moon Jae-in’s special delegation to North Korea left for Pyongyang at 7:30 am on the morning of Sept. 5. There are no delusions that the special delegation’s success is guaranteed. The lesson learned from the cancellation of what would have been US Secretary of State Mike Pompeo’s fourth trip to North Korea is that affairs on the Korean Peninsula are complex and mixed up.

Washington reshuffles its staff for Korean Peninsula affairs
Washington is reshuffling its Korean Peninsula affairs lineup on the heels of the US State Department’s recent appointment of Stephen Biegun as special representative for North Korea policy.

Seoul Defense Dialogue kicks off on Sept. 12
The Seoul Defense Dialogue (SDD), an annual multilateral security meeting at the vice defense minister level, kicks off its three-day schedule in Seoul on Sept. 12. North Korea, which had been the focus of attention in the lead-up, will not be attending.

The Dong-A Ilbo (

‘Trump ordered a preemptive strike on N. Korea 1 month into presidency,’ a book says
After attending the National Security Council (NSC) meeting on January 19 this year, U.S. Defense Secretary James Mattis expressed his frustration to his close associates. This was because President Donald Trump, at the meeting, deval‎ued the “significance of the U.S. military presence in South Korea” and asked why the United States is spending resources on the Korean Peninsula.

Kim makes public appearance in 16 days
North Korean leader Kim Jong Un, who had refrained from public exposure since the impasse between North Korea-U.S. negotiations, revealed himself in 16 days. The Rodong Sinmun of North Korea reported on Wednesday that Kim had visited the mortuary of the former Mechanics and Industry Minister Joo Kyu Chang of the Workers’ Party, who pioneered the development of the country’s long-range missile program. It was Kim’s first official activity disclosed to the public since August 21, when he appeared on the Myohyangsan medical equipment plant site and the funeral ceremony of former Marshal of the Korean People’s Army Kim Yong Chun.

Samsung Electronics plans to unveil a foldable smartphone later this year
Samsung Electronics is planning to launch a foldable smartphone hits year. Koh Dong-jin, CEO of Samsung’s mobile division, told CNBC at the IFA 2018 electronics show Tuesday in Berlin that the development of a foldable smartphone is complicated but the company has nearly concluded it.

JoongAng Ilbo (

Delegation led by Chung meets Kim Jong-un
Moon Jae-in’s special envoy to North Korea met with North Korean leader Kim Jong-un Wednesday on a day-long visit to Pyongyang and delivered a letter from the South Korean president, according to the Blue House.

Shinhan buys Orange Life to diversify revenue
Shinhan Financial Group agreed to acquire Orange Life Insurance, the former Korean unit of ING Life Insurance, on Wednesday for 2.29 trillion won ($2.03 billion) to build up its non-banking business.

Xi Jinping not going to Pyongyang
Chinese President Xi Jinping will not travel to North Korea this weekend to join celebrations of the 70th anniversary of the country’s founding and instead dispatch a top aide, China’s state media reported Tuesday.

The KyungHyang Shinmun (

Growth Is Slow and Wallets Are Slim
The economy in the second quarter grew slightly slower than expected at the end of July, fueling concerns of an economic downturn in the second half of this year. The growth rate was not bad, but a look at the details showed that domestic demand was more sluggish than expected.

“Why Son Heung-min, But Not BTS?” Controversial Military Service Exemption
Military service exemption was one of the biggest issues of the 2018 Jakarta-Palembang Asian Games. It remained a hot topic on September 3, the day after the closing ceremony. People online pointed out and criticized problems concerning eligibility for the exemption as well as equity. A petition was launched demanding improvements to the system on the Cheong Wa Dae petition site. This day, the Military Manpower Administration announced that it would reconsider the military service exemption policy from square one, but the defense ministry drew the line saying, "This is the basic position of the Military Manpower Administration in connection to equity in military service." The positions of the Military Manpower Administration and the Ministry of National Defense once again stirred controversy.

AJU Business Daily (

Samsung Engineering wins $3 bn order from UAE
South Korea’s Samsung Engineering Co. has bagged two deals worth a combined 3.42 trillion won ($3.06 billion) from Abu Dhabi Oil Refining Company, the latest in a string of orders from the United Arab Emirates this year.

Korea’s Daishin Securities invests $109.8 mn in two Manhattan buildings
Daishin Securities Co., a South Korean mid-sized securities company, will invest total 122.7 billion won ($109.8 million) in two buildings in New York City to seek higher returns in a low-interest environment.

Maeil Business News Korea (

S. Korean envoy holds talks with N. Korean officials in Pyongyang
The special envoy of South Korean President Moon Jae-in held talks with senior North Korean officials in Pyongyang Wednesday to make preparations for a fresh summit amid concerns that a stalemate in denuclearization talks could disrupt inter-Korean rapprochement.

Samsung Electronics apologizes for gas leak at semiconductor plant
Samsung Electronics apologized for a gas leak at its semiconductor factory that left a 24-year-old worker dead and two others hospitalized as an initial police probe discovered a ruptured pipe at an underground carbon dioxide storage room.

What’s ticking around the world at this second?
See what the world media around the world have to report:

USA Today
The New York Times
Wall Street Journal,
Financial Times
The Times
The Sun
Chinese People's Daily
China Daily
Japan's Yomiuri
Le Monde
Italy LaRepubblica
Germany Frankfurter AllgemeineZeitung
Australia Brisbane Times
Sydney Morning Herald
Colombia Reports
Bogota Free Planet
El Universal
Ecuador Times
The Jordan Times
The Baltic Times,,
El Pais
Philippine Daily Inquirer
Daily News Hungary
Budapest Times
The Korea Post is running video clips from the different embassies.
Sri Lanka:
And many other countries.

Lee Kyung-sik

<저작권자 © 코리아포스트 무단전재 및 재배포금지>




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