Monday, September 17, 2018

Ambassador Alexander Horin of Ukraine (10th from left) poses with other ambassadors at a reception held in celebration of the 27th anniversary of Independence of Ukraine and the 100th anniversary of the National Liberation of the country.

Discloses Ambassador Horin of Ukraine at National Day reception

“Ukraine is a key member of President Moon’s Northern Economic Cooperation Strategy”

Ambassador Olexander Horin of Ukraine in Seoul said: “Our bilateral relations with the Republic of Korea are developing on a positive track. Among other things, Ukraine was included into Northern Economic Cooperation Strategy declared by the new Korean Presidential Committee.” Speaking at a reception he hosted at Four Seasons Hotel in Seoul on Sept. 11 in celebration of the 27th anniversary of Independence of Ukraine and the 100th anniversary of the National Liberation of the country, Ambassador Horin then stated, “In April 2018, First Vice Prime Minister Stepan Kubiv of Ukraine visited Korea to boost bilateral trade, economic and investment cooperation and on April 24 Deputy Minister Yun Kang-hyeon of Foreign Affairs for Economic Affairs co-chaired the 4th meeting of the Intergovernmental Ukrainian-Korean Commission on Trade and Economic Cooperation in Seoul, which was quite visionary for our future economic relations.”

(For further details, visit: http://www.koreapost.com/news/articleView.html?idxno=7571)

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알렉산더 호린 우크라이나 대사(외쪽에서 10번째)가 자국의 독립 27주년과 해방 100주년을 기념하여 성대한 연회를 리셉션에 베풀었는데, 참석한 각국 대사들과 단체사진 촬영을 하고 있다.

행간붙어있는 9월 11일 우크라이나 국경일 연회에서 호린 대사 역설

‘한국의 많은 기업들이 적극적으로 우크라이나에

입지를 넓히고 있습니다’

지난 9월 11일 서울 광화문에 위치한 포시즌스 호텔에서는 뜻 깊은 외교행사가 있었다. 세계에서 우주발사체를 자체 설계‧제작하는 우주기술 강국이자, 항공 강국이기도 한 우크라이나의 국경일을 맞이하여 동국의 주한 ‘알렉산드르 호린’ 대사 내외가 자국의 독립 27주년과 해방 100주년을 기념하여 성대한 연회를 베푼 것. 이 연회에는 외교부의 윤강현 경제외교조정관, 조성식 한-우크라이나 의원친선협회 회장, 그리고 각계 각층의 지도급 인사들이 참석을 하였다. 외교가에도 많은 대사들이 부인과 함께 참석을 하였다.

(국문기사: http://www.koreapost.com/news/articleView.html?idxno=7571)

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Round-up of important news from major Korean dailies today

And from international media:

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

S. Korean officials visit N. Korea for summit preparations

A group of more than 90 South Koreans began a trip Sunday to North Korea to make preparations, largely logistical, for the upcoming inter-Korean summit.

President Moon Jae-in is scheduled to travel to Pyongyang from Tuesday till Thursday for what would be his third meeting with the North's leader Kim Jong-un. The advance team of 93 government officials, technology-related staff and reporters, crossed the border on 19 buses.

Samsung Electronics ranks 7th in U.S. brand relevance index

South Korea tech giant Samsung Electronics Co. has ranked seventh in global brand based on marketing consultancy Prophet's annual brand relevance survey, industry sources said Monday. Samsung's ranking is up three notches from last year and the highest among non-American brands. Samsung has also made the top 10 list for the fourth consecutive year. Samsung is also the sole Asian company that has ranked among the top 10 most relevant brands in the World's largest economy.

Over 80 pct of South Koreans back renewable energy expansion: poll

More than eight in 10 South Koreans favor the increased use of renewable energy on the grounds that it is clean and inexhaustible, a poll showed Monday. According to the survey of 1,003 South Koreans across the nation, 86.2 percent of respondents said they are in favor of the expansion of renewable energy, such as solar and wind power.

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

Moon's Entourage for Pyongyang Summit Includes Samsung Chief

resident Moon Jae-in will visit North Korea this week along with top executives from the country's top four conglomerates, including Samsung Electronics Vice Chairman Lee Jae-yong. Presidential chief of staff Im Jong-seok on Sunday released the list of people who will accompany the president on a three-day trip to Pyongyang for his third summit with North Korean leader Kim Jong-un. Im said that 14 government officials and presidential staff, including National Security Adviser Chung Eui-yong, National Intelligence Service Director Suh Hoon and Foreign Minister Kang Kyung-wha, will join the trip as members of an official delegation.

Top Office: Two Koreas' Leaders to Hold Summit After Luncheon on Tuesday

President Moon Jae-in and North Korean leader Kim Jong-un will hold two summits during three days, the first after a luncheon on Tuesday. In a briefing at a press center for the summit in central Seoul, Presidential Chief of Staff Im Jong-seok said the president will depart for Pyongyang from Seoul Air Base at 8:40 a.m. Tuesday and arrive in the North’s capital at around 10 a.m.

US Urges S. Korea to Abide by UN Sanctions over Biz Leaders' Pyongyang Trip

The U.S. State Department has reportedly urged Seoul to abide by UN sanctions against North Korea in relation to South Korean business leaders' planned trip to Pyongyang with President Moon Jae-in. The Voice of America(VOA) reported on Monday that an official from the State Department's spokesperson's office said that Washington expects all UN member nations to fully implement sanctions against the communist regime, including a ban on sectoral goods.

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

Denuclearization a key item at upcoming inter-Korean summit: Seoul

South Korean President Moon Jae-in will discuss ways to denuclearize the Korean Peninsula when he meets North Korean leader Kim Jong-un this week, Moon's chief of staff said Monday. Im Jong-seok said it will mark a rare opportunity to discuss the issue with the North Korean leader himself. "Just until recently, denuclearization had been an agenda item for talks between the North and the United States," Im told a press conference in Seoul, one day before the South Korean president was set to embark on a three-day trip to North Korea.

Denuclearization a key item at upcoming inter-Korean summit: Seoul

South Korean President Moon Jae-in will discuss ways to denuclearize the Korean Peninsula when he meets North Korean leader Kim Jong-un this week, Moon's chief of staff said Monday. Im Jong-seok said it will mark a rare opportunity to discuss the issue with the North Korean leader himself. "Just until recently, denuclearization had been an agenda item for talks between the North and the United States," Im told a press conference in Seoul, one day before the South Korean president was set to embark on a three-day trip to North Korea.

ICT exports hit record high of US$20.19 bln in August

South Korean exports of information and communication technology (ICT) products hit a record high of US$20.19 billion in August on robust overseas demand for semiconductors, government data showed Monday. The total represents 15.5 percent hike from $17.48 billion a year earlier, according to the Ministry of Science and ICT. Exports of semiconductors made by Asia's fourth-largest economy soared 30.4 percent on-year to $11.64 billion on the back of continued growth in demand. The ministry said exports of displays rose 5.8 percent on-year to $2.96 billion on increased demand for organic light-emitting diode panels.

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

S. Korea's Moon set for historic summit with NK leader Kim

South Korean President Moon Jae-in is set to embark on a trip to North Korea this week for his third and possibly most crucial meeting with North Korean leader Kim Jong-un. Moon will head for Pyongyang on Tuesday, using a direct flight across the heavily-fortified inter-Korean border. The inter-Korean summit will mark the third of its kind since Moon took office in May 2017.

Moon Jae-in to be accompanied by large ‘special retinue’ to Pyongyang

President Moon Jae-in will be accompanied by 64 government, social and business representatives on his trip to Pyongyang, Cheong Wa Dae chief of staff Im Jong-seok said Sunday. Moon is set for a three-day visit to Pyongyang from Tuesday, upon which he will hold his third summit with North Korean leader Kim Jong-un. The 14 government and Cheong Wa Dae officials include National Intelligence Service Director Suh Hoon, National Security Office chief Chung Eui-yong and the ministers of defense, foreign affairs and unification.

Three chaebol chiefs join Moon’s Pyongyang trip

Chiefs of South Korea’s three biggest conglomerates -- Samsung, SK and LG, in order -- will join President Moon Jae-in’s visit to Pyongyang on Tuesday as part of the 52-member presidential business delegation for the third inter-Korean talks this year, Cheong Wa Dae confirmed Sunday. According to the announcement, the list of business delegates includes Samsung Electronics Vice Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won and LG Group Chairman Koo Kwang-mo, all of whom hold absolute authority to make investment decisions for their respective groups.

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

Moon, Kim to have talks Tuesday, Wednesday

South Korean President Moon Jae-in will discuss ways to denuclearize the Korean Peninsula when he meets North Korean leader Kim Jong-un on Tuesday and Wednesday, presidential chief of staff Lim Jong-seok said Monday. Moon Jae-in will fly to Pyongyang via a rare direct route across the inter-Korean border. He is expected to arrive at the capital of North Korea at 10 a.m. Tuesday. The first summit is scheduled to take place soon after the lunch on the first day.

South Korea's tycoons to go to Pyongyang

Top executives from the country's top four conglomerates, including Samsung Electronics Vice Chairman Lee Jae-yong, will accompany President Moon Jae-in to Pyongyang for possible talks on inter-Korean business cooperation. This bodes well for a planned third summit between Moon and North Korean leader Kim Jong-un, but at the same time could trigger disputes about the effectiveness of their visit as sanctions against North Korea remain intact. Presidential chief of staff Lim Jong-seok said Lee, Hyundai Motor Group Vice Chairman Kim Yong-hwan, SK Group Chairman Chey Tae-won and LG Group CEO Koo Kwang-mo will join the 200-member Seoul delegation that will leave for Pyongyang, Tuesday.

Samsung Electronics ranks 7th in US brand relevance index

South Korea tech giant Samsung Electronics Co. has ranked seventh in global brand based on marketing consultancy Prophet's annual brand relevance survey, industry sources said Monday. Samsung's ranking is up three notches from last year and the highest among non-American brands. Samsung has also made the top 10 list for the fourth consecutive year. Samsung is also the sole Asian company that has ranked among the top 10 most relevant brands in the World's largest economy.

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

Top Business Leaders Accompany Moon to N.Korea

President Moon Jae-in is taking a 17-member business entourage with him to North Korea on Tuesday that includes heads of all South Korea's top conglomerates. nOn the list announced by Cheong Wa Dae on Sunday are Samsung chief Lee Jae-yong, SK chairman Chey Tae-won, LG chairman Koo Kwang-mo and Hyundai Motor vice chairman Kim Yong-hwan. Hyun Jeong-eun, the chairwoman of the smaller Hyundai Group which pioneered business with North Korea, will also come along.

Top Conglomerates Donate Less to Charity

Charitable donations by Korea's top 10 listed companies have plunged 15 percent over the last two years. Conglomerates have cut back on donations since the massive bribery and corruption scandal that led to the ouster of President Park Geun-hye and focused on their largesse to two phony charitable foundations set up by Park's crony Choi Soon-sil. Since then, companies have required board authorization for charitable donations, making the process more transparent but also more cumbersome.

Mobile App-Related Complaints on Increase

The growth of the mobile app market in Korea has seen a rise in the number of consumers seeking compensation for poor services.

The Korea Consumer Agency said on Thursday it received some 572 complaints relating to mobile apps lodged by consumers from 2015 to 2017. The figure has risen by 40 to 60 percent each year, from 122 in 2015 to 278 in 2017.

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

Opposition party blocks ratification of Panmunjom Declaration based on costs

“The government is giving the National Assembly a vague bill for 470 billion won [US$419.8 million], the amount it says implementing the Panmunjom Declaration will cost, and is asking us to approve and ratify that declaration. If the Moon Jae-in administration wants the National Assembly to ratify the declaration, it needs the courage to provide accurate details about how taxpayers’ money is going to be used.” —a statement by Lee Yang-su, spokesperson of the Liberty Korea Party, issued on Sept. 12, 2018.

Kim Jong-un says he has no plans for unilateral denuclearization

North Korean leader Kim Jong-un said he has no plans for unilateral denuclearization measures and is awaiting a response from the US. The message was relayed on Sept. 10 by Russian Federation Council Chairperson Valentina Matviyenko, who reported hearing it in a Sept. 8 meeting with Kim during her visit to North Korea, Russia’s RIA Novosti news agency reported. Matviyenko quoted Kim as saying that he had no plan to adopt unilateral denuclearization measures, adding that he was awaiting Washington’s response to the measures he had already taken.

US-China trade dispute is “clash of empires over technological, industrial and financial hegemony”

On Sept. 12, the South Korean Ministry of Trade, Industry and Energy organized an export assessment meeting for major industries at the Korea Trade Insurance Corporation, in downtown Seoul. This meeting was presided over by Trade Minister Kim Hyun-chong and attended by representatives from groups and associations in a range of industries, such as semiconductors, automobiles, shipbuilding, steel and petrochemicals.

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The Dong-A Ilbo (http://english.donga.com/)

'Kim is rather interested in the denuclearization of S. Korea,' British official says

Under Secretary Simon McDonald of the United Kingdom's Foreign and Commonwealth Office visited South Korea for the first time to discuss the situation of the Korean Peninsula, Brexit, and pending issues between South Korea and the United Kingdom. The British official assessed the current status of North Korea at a press conference at the U.K. Embassy in Seoul on Thursday saying that North Korean leader Kim Jong Un appears to be more interested in the denuclearization of South Korea than North Korea.

Apple unveils iPhone XS, XS Max, and XR

Encouraged by the success of the iPhone X, Apple rolled out a new smartphone line called “iPhone XS,” whose prices are expected to hover around 2 million Korean won in local market. On Wednesday (local time), Apple unveiled the iPhone XS, the XS Max, and the XR series at its Cupertino headquarters in California, the United States.

Samsung to supply 5G-ready CBRS equipment to AT&T

Samsung Electronics has been designated as a 5 generation (5G) communications equipment supplier of AT&T, following Verizon and Sprint. AT&T selected Samsung Electronics, Nokia, and Ericson as suppliers of 5G communications devices and is expected to initiate 5G services in Atlanta, Dallas, and Houston within this year. Samsung Electronics will also be providing 4G LTE equipment, which can be upgraded to 5G.

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

Gov’t cracks whip on speculators

The government won’t allow new mortgages to anyone who owns more than two apartments in areas it designates speculative investment areas, which includes all of Seoul and Sejong. Additionally, the maximum comprehensive real estate tax rate will be raised to 3.2 percent, 0.2 percent points higher than the 3 percent applied during the Roh Moo-hyun administration, for people who own more than three apartments or two apartments in speculative investment areas.

Moon advises North to give up its nukes

South Korean President Moon Jae-in said Thursday North Korea should relinquish its nuclear materials and weapons so that denuclearization talks can go forward. Moon stressed that what Pyongyang had done so far was aimed at ending its capacity to make “nuclear weapons of the future” during at a luncheon meeting with a special group of advisers on North Korea policy that included a number of former unification ministers and North Korea experts at the Blue House.

Talks over summit military agenda turn tough

Defense officials from the two Koreas wrangled over a number of issues Thursday during a meeting in the border village of Panmunjom to flesh out a military agenda for the upcoming summit between South Korean President Moon Jae-in and North Korean leader Kim Jong-un. The meeting, held in the North Korean-controlled building called Tongilgak, began at 10 a.m. and was still going on by 8 p.m.

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

The Opening of the Inter-Korean Liaison Office: The Office Should Oversee Communications Between NK and the US as Well as Between the Two Koreas

The North and South Korea Joint Liaison Office, a key agreement in the April 27 Panmunjom Declaration will open in a building in the Kaesong Industrial Compound on September 14 and go into operation. On September 12, the Ministry of Unification announced that Chun Hae-sung, vice minister of unification will be the chief representative of South Korea, and the vice chairman of the Committee for the Peaceful Reunification of the Fatherland will head the North Korean authorities.

"Employment Shock" Intensifies: Change Necessary if Minimum Wage Is Part of the Cause

The number of employed workers increased by merely 3,000 compared to a year ago, showing that employment in Korea is becoming a serious problem. Kim Dong-yeong, deputy prime minister cum minister of strategy and finance, even mentioned adjusting the speed of implementing the higher minimum wage. The recent deterioration in employment was caused by a complex of factors, such as the economic trend, restructuring in the manufacturing sector including shipbuilding and automobiles and the recession spreading to the service sector, structural factors such as the decrease in working-age population, and policy factors such as the minimum wage hike.

Regrettably, Opposition Parties Refuse to Accompany the President to Pyongyang for the Inter-Korean Summit

On September 10, Chief of Staff Im Jong-seok asked nine politicians including the speaker and deputy speakers of the National Assembly, the chairman of the parliamentary Foreign Affairs and Unification Committee and the leaders of the five ruling and opposition parties, but the leaders of the conservative opposition parties--the Liberty Korea Party and the Bareun Mirae Party--declined the invitation. This led Moon Hee-sang, speaker of the National Assembly, and the deputy speakers to refuse the offer as well. It is regrettable that the opposition leaders have given up the opportunity to take part in an important event at a critical moment in the political situation on the Korean Peninsula.

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

New industrial revolution certain to bring opportunities to small businesses: Expert

Like previous industrial revolutions that changed the landscape of the world's economy and society as well, the Fourth Industrial Revolution spawns a huge impact, with the potential to provide new business opportunities to small and medium-sized enterprises (SMEs), a Chienese economist said.

William Cheng, a senior advisor at AliResearch, the policy research arm of China's Alibaba Group, said that the 4th Industrial Revolution is certain to create new business models by upbringing inclusive economic growth.

Hyundai Motor unveils render image of fuel cell electric truck

Hyundai Motor, a frontrunner in the development of hydrogen fuel cell electric vehicles (FCEVs), unveiled the rendered image of its fuel cell electric truck to be launched in 2019. Vehicle specification will be disclosed next week at the IAA Commercial Vehicles 2018 in Germany, along with future plans. With its distinctive simple and clean design, the truck is "aerodynamically efficient with a spoiler and side protector," Hyundai said in a statement.

KCC consortium acquires U.S. silicone maker Momentive

A consortium led by KCC, a top provider of construction materials and paints in South Korea, acquired Momentive, an American developer of high-performance resins, silicones and other advanced materials, in a deal that could affect the global market. KCC formed a consortium with SJL Partners, a Seoul-based private equity fund, and Wonik QnC, which specializes in quartz and ceramic wares required in the production of semiconductor wafers, to acquire a 100 percent stake in Momentive from Apollo Global Management, a U.S. private equity investment firm. The deal, signed in Seoul, was valued at around $3 billion.

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

KCC consortium to buy world’s No.2 silicone maker Momentive at $3 bn

A Korean consortium led by domestic building and industrial materials company KCC Corp. will take over the world’s second largest silicone maker Momentive Performance Materials Inc. for $3 billion, adding a key material base for the home country which is the world’s biggest semiconductor powerhouse. According to sources from the investment banking industry on Tuesday, the consortium of KCC, local semiconductor equipment producer Wonik Group and private equity fund SJL Partners reached an agreement to acquire a full stake in Momentive with its largest shareholder Apollo Global Management, a U.S. private equity company.

S. Korea’s SK Telecom becomes 2nd largest shareholder in Guam’s IT&E

South Korea’s top wireless carrier SK Telecom Co. has invested 35 billion won ($31.2 million) in IT&E Overseas Inc., becoming the second largest shareholder of the Guam-based mobile service provider, the company said on Wednesday. Stake size and other details on the equity investment in the non-publicly trading company were undisclosed due to privacy clauses of the contract, said SK Telecom.

Koo Kwang-mo heads to Science Park in his first official role as LG’s new chief

LG Group’s new chairman Koo Kwang-mo visited the group’s research and development center LG Science Park on Wednesday in his first public and official schedule after succeeding to the leadership throne following the death of father Koo Bon-moo. Industry watchers believe Koo picked LG Science Park as the first place to debut as the new captain of the country`s fourth-largest conglomerate to remember his late father who had a deep attachment to the research hub as the incubator for future growth engines.

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

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Financial Times www.ft.com ean@ft.com
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The Sun www.thesun.co.uk talkback@the-sun.co.uk
Chinese People's Daily www.people.com.cn kf@people.cn
China Daily www.chinadaily.com.cn circulation@chinadaily.com.cn
GwangmyeongDaily www.gmw.cn webmaster@gmw.cn
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Le Monde www.ilemonde.com
Italy LaRepubblica www.quotidiano.repubblica.it vittorio.zucconi@gmail.com
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SüddeutscheZeitung www.sueddeutsche.de forum@sueddeutsche.de
Australia Brisbane Times www.brisbanetimes.com.au syndication@fairfaxmedia.com.au
Sydney Morning Herald www.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.com lithuania@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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