Headlines, November 6, 2018

기사승인 2018.11.06  11:26:40


Tuesday, November 6, 2018

Holding a friendly relationship with South Korea

'Bangladesh is a country of beauty, hospitality and rapidly growing economy'

Mohammad Nazmul Hasan (Nadim)

By Mohammad Nazmul Hasan (Nadim)

Bangladesh is a beautiful country located in South Asia with a land area of 147,570 km2. Dhaka is the capital and largest city, followed by Chittagong which is the largest port in the country. A major part of the country is covered by the Bengal Delta, the largest delta on Earth. The country has 700 rivers and the country’s maritime territory in the Bay of Bengal is roughly equal to the size of its land area. Highlands with green forests are found in the northeastern and southeastern region of the country. The Cox’s Bazar beach is the largest unbroken sea beach of the world, located in the southeast. The world largest mangrove forest, Sundarbans, is the home of Bengal tigers, the national animal of Bangladesh. Bangladesh is a tropical country with a mild winter from October to March and a hot summer from May to August. Overall, it is a country of six seasons- summer, rainy, autumn, late autumn, winter and spring.

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Round-up of important news from major Korean dailies and from international media today:

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

S. Korea granted waiver on Iran oil embargo

The United States on Nov. 5, 2018 granted a waiver to South Korea and seven other nations after renewing its ban on imports of Iranian oil. U.S. Secretary of State Mike Pompeo announced that the temporary exemptions were being given based on "specific circumstances" and to ensure a well-supplied oil market. The seven other nations are China, India, Italy, Greece, Japan, Taiwan and Turkey.

N.K. leader meets Cuban president at his Pyongyang office

North Korean leader Kim Jong-un held talks with Cuba's president at his Pyongyang office on ways to strengthen cooperation between the two sides, the North's state news agency reported on Nov. 6, 2018. Miguel Mario Diaz-Canel Bermudez arrived in the North Korean capital on a state visit on Nov. 4, 2018, along with his wife.

Loans for small businesses pose risk for S. Korean banks: Moody's

The growth of loans to South Korea's small businesses and retailers poses risks for the quality of local lenders' assets, a global ratings agency said on Nov. 5, 2018. "Weakening consumer sentiment and rising unemployment could affect the performance of these businesses, and accordingly the quality of the loans," said Sophia Lee, Vice President and Senior Credit Officer at Moody's Investors Service, in the latest report.



Health Insurance Premiums to Rise 3.49% Next Year

The government will raise health insurance premiums by three-point-49 percent next year, the largest increase since 2011. The Ministry of Health and Welfare announced on Tuesday that the revised National Health Service Act will take effect from January first next year.

S. Korea, US Resume Joint Annual Marine Exercise

South Korea and the United States have resumed a joint Marine exercise after a six-month hiatus. According to the Defense Ministry, South Korean Marine Corps and American troops from the III Marine Expeditionary Force stationed in Okinawa, Japan, launched a two-week "Korea Marine Exercise Program," or KMEP, in Pohang, North Gyeongsang Province on Monday.

28 Private Kindergartens Nationwide Moving to Close

A growing number of private kindergartens are taking steps to close after the government announced strict measures to address spending irregularities at preschool establishments. According to the Ministry of Education, as of last Friday, 28 private kindergartens nationwide have applied for the government’s approval to shut down or informed parents of their plans to close.


Yonhap (

Koreas, UN Command to hold talks over JSA disarmament

The Koreas and the U.S.-led U.N. Command will hold talks Tuesday over a set of issues related to the disarmament of the Joint Security Area (JSA) in the Demilitarized Zone, Seoul's defense ministry said. The third round of the trilateral talks is set to begin at 10 a.m. at the Freedom House, a South Korea-controlled building in the border truce village of Panmunjom.

Two Korean-Americans in tight race for U.S. Congress

Two Korean-Americans are in a tight race to win a seat in the U.S. Congress in this week's midterm elections, polling data showed Monday.With one day to go until Tuesday's vote, Young Kim, the Republican nominee for California's 39th congressional district, is in a neck-and-neck race with her Democratic rival, Gil Cisneros, according to the opinion poll analysis website, FiveThirtyEight.

USFK chief voices U.S. support for inter-Korean military accord

Outgoing U.S. Forces Korea (USFK) Commander Gen. Vincent Brooks voiced U.S. support for the September inter-Korean military accord in a rare contribution to a South Korean military periodical published on Monday.In the autumn edition of the periodical by Seoul's Joint Chiefs of Staff, Brooks commented on the confidence-building measures stipulated in the accord, saying they would help pave the way for a lasting peace on the peninsula.


The Korea Herald (

Hyundai Motor’s Chung Eui-sun lands in Singapore to attend global forum

Hyundai Motor Chief Vice Chairman Chung Eui-sun landed in Singapore on Monday afternoon to attend a global forum hosted by Bloomberg, industry sources told The Korea Herald. Chung is among 400 business leaders attending the two-day event aimed at seeking private sector-led solutions to challenges created by a world economy in transition. It is Chung’s first overseas trip since Hyundai Motor posted its worst quarterly operating profit last month.

Seoul granted waiver to buy Iranian oil

South Korea was granted a waiver that will temporarily allow it to continue importing Iranian oil after the US reinstated all sanctions on Iran on Monday, according to the US State Department. The US granted the waiver to eight countries, including China and India, the biggest buyers of Iranian oil, to keep crude oil prices stable. The countries will be able to buy Iranian oil for up to 180 days despite the reimposed sanctions.

Humanitarian law workshop trains journalists for better protection

In their truth-seeking and public service, many journalists risk their lives reporting in some of the most dangerous places around the world. In many cases, they are arrested, detained, reported missing, wounded or even killed by terrorists or armed forces, who target them deliberately. To help media professionals understand the perilous landscape they often operate in and better protect themselves, a workshop on international humanitarian law was held in Seoul on Thursday.


The Korea Times (

6 million mobile phones in use in North Korea; each priced at $100-200

The number of mobile phones in use in North Korea is estimated at around 6 million, with each device selling for $100 to $200, South Korean Minister of Unification Cho Myoung-gyon said Monday. Cho made the remark during a session of the National Assembly's Special Committee on Budget and Accounts, when Rep. Yoon Hu-duk of the ruling Democratic Party asked him to confirm whether an estimate of 6 million cell phone subscribers in the North was right or wrong.

South Korea gets US exemption on Iranian crude oil imports

South Korea has received a waiver on the renewed U.S. embargo on imports of Iranian oil following months of negotiations between the allies, foreign media reported Monday. The United States reimposed the oil sanctions against Tehran at the start of the day (Eastern Standard Time), a follow-up to President Donald Trump's decision in May to ditch a 2015 nuclear deal signed by his predecessor, Barack Obama.

South, North Korea begin waterway survey

The two Koreas began a joint survey of a waterway on Monday to examine possible use of the estuaries of the Han and Imjin rivers.It is the first joint survey of this area in 65 years since North Korea signed an armistice with the U.S. and China for the 1950-53 Korean War. The survey team is comprised of 10 military and maritime officials as well as waterway experts from each side.


Chosun Ilbo (

President Hails Outgoing USFK Chief

President Moon Jae-in on Monday invited Gen. Vincent Brooks, the outgoing head of U.S. Forces Korea, to Cheong Wa Dae and thanked him for his "sacrifice, efforts and deep affection" for Korea. Brooks is set to return to the U.S. after wrapping up his two-and-a-half-year tenure.

Korea Exempt from U.S. Embargo on Iranian Oil

The U.S. on Monday resumed energy and financial sanctions against Iran, but Korea, China, Japan, India, Turkey and three other countries are exempt on condition that they drastically curtail oil imports. The U.S. State Department and Commerce Department slapped the fresh sanctions on Iran after U.S. President Donald Trump unilaterally pulled out of an international denuclearization deal with Tehran in May.

2 Koreas Begin Joint Waterway Inspection

South and North Korea started the joint inspection on the shared use of the estuary of the Han and Imjin rivers on Monday. The joint use of the river estuary is part of the inter-Korean military agreement reached in September. The inspection is the first measure taken in 65 years involving the estuary, since the signing of the 1953 armistice agreement. Once the inspection is complete, navigation information will be provided for the free passage of civilian vessels.


HanKyoReh Shinmun (

High-level North Korea-US talks expected to be held in New York on Nov. 7-8

Two days of high-level North Korea-US talks between Workers’ Party of Korea Vice Chairman and United Front Department Director Kim Yong-chol and US Secretary of State Mike Pompeo will reportedly be taking place on Nov. 7 and 8 in New York. Multiple diplomatic sources reported on Nov. 3 that the two sides had coordinated on the schedule. Kim and Pompeo are expected to have dinner together after the former’s arrival in New York on Nov. 7, with the main talks to take place the following day."

Former Jeju Seongsangpo police chief recognized for saving lives during Jeju Uprising in 1950

“Now that new light is being shed on the Jeju Uprising, I’m glad his actions are finally receiving recognition, even though 70 years have passed since then.” Kang Sun-ju (86, Pyoseon Township, Seogwipo) made the remarks when a memorial bust of Mun Hyeong-sun (1897–1966) was unveiled at the Jeju Provincial Police Agency on Nov. 1. Mun is remembered for preventing a massacre of civilians by disobeying his superior’s commands during the uprising, which began on Apr. 3, 1948.

Hyundai Mobis to launch new effort to invest in startups and new technology

The Hyundai Motor Group’s mainstay affiliates are rapidly increasing their investment in startups possessing innovative technology. Activities by major affiliates are more measured than ever before amid criticisms that the group has been focused too much on quantitative growth while neglecting new technology and future automobile development.


The Dong-A Ilbo (

Moon asks floor leaders to release a statement welcoming Kim’s visit

President Moon Jae-in and floor leaders of the ruling and opposition parties held their first policy coordination meeting on Monday at the presidential office Cheong Wa Dae, reaching an agreement on issues, including expansion of flexible working hours, expanding beneficiaries of children’s allowance, and lowering the legal voting age to 18. Meeting the leaders of the five political parties in three months, President Moon said he would not rush them into ratifying the Panmunjom Declaration but asked them to release a statement, welcoming North Korean leader Kim Jong Un’s visit to South Korea instead.

Dr. Lee Gook-jong talks about difficulties as trauma surgeon

A trauma surgeon at the medical college of Ajou University Lee Guk-jong will feature in a health information TV show on Channel A, marking the show’s 200 episodes. For the first time on a TV show, he will share his experience, where he had to open a patient’s chest and perform a heart massage in the middle of the night on a helicopter.

Samsung’s QLED 8K TV wins top score by German magazine

Samsung's QLED 8K TV, which was launched in September, has received a top score by Germany-based consumer electronics eval‎uator “Video.” The magazine gave a score of 949 points out of a total of 1,030 points to the QLED 8K TV, breaking the former record of 937 points set by the South Korean manufacturer’s 2018 QLED model.


JoongAng Ilbo (

Moon asks Assembly to prepare welcome for Kim Jong-un

South Korean President Moon Jae-in said Monday he was preparing to invite North Korean leader Kim Jong-un to Seoul and hopes he will come by the end of this year at a meeting with floor leaders of five political parties at the Blue House. Moon also expressed the hope that the National Assembly will issue a welcoming statement to Kim in a bipartisan spirit, according to a floor leader who attended the meeting.

Korea gets waiver on U.S. Iran sanctions

South Korea is among eight countries getting temporary waivers from the U.S. government on an embargo on Iranian oil imports after it reimposed sanctions on Tehran on Monday, according to Seoul’s Ministry of Foreign Affairs. Waivers can be granted for up to 180 days, and it is possible to apply for an extension, according to the Korean Foreign Ministry, after sanctions were restored Monday by Washington following the Donald Trump administration’s pulling out of the 2015 Iran nuclear accord in early May.

Hyundai Group will celebrate on Mt. Kumgang

Hyundai Group said Monday it will hold a ceremony to celebrate the 20th anniversary of the launch of tours to Mount Kumgang, the scenic resort mountain in North Korea, as prospects for the restarting of those tours rise. The South Korean company said it will prepare for a two-day event beginning on Nov. 18 with the North’s Korea Asia-Pacific Peace Committee.


The KyungHyang Shinmun (

LG to Pay Inheritance Tax of 900 Billion Won: Why This Seems So Remarkable

The heirs of LG Group are expected to pay a record-breaking 900 billion won in taxes. According to LG Corp, Koo Kwang-mo and his two siblings will inherit 11.3% (19,458,169 shares) of the shares owned by the late Koo Bon-moo, former chairman of the group. Koo Kwang-mo, who will inherit 8.8% is expected to pay taxes exceeding 700 billion won. This is the highest inheritance taxed ever imposed in South Korea. Until now, the record was held by the family of Shin Chang-jae, chairman of Kyobo Life (184 billion won).

Improve the Social Structure Where the "Yang Jin-ho" in Us Run Rampant

Despite the public anger at the atrocities that Yang Jin-ho, chairman of K-Technology, carried out on his employees, numerous Yang Jin-hos still persist in our society. The reports that Workplace Gapjil 119 released on November 4 show that the Yang Jin-ho-style gapjil (the abuse of underlings by a person in a superior position), such as assault, semi-assault, verbal abuse, outrageous orders, etc. is rampant. One gas station owner forced his employee to cook, labor in his vegetable patch, and work on a holiday only to launch verbal abuse for coming to work three minutes late.

ROK-US Voice Different Views on Suspending Joint Military Exercise

Minister of National Defense Jeong Kyeong-doo and U.S. Defense Secretary James Mattis met in Singapore on October 19, but later spoke different views on Vigilant Ace, an ROK-US joint Air Force exercise. The Pentagon announced that they decided to suspend the military exercises "to give the diplomatic process (for denuclearization) every opportunity to continue." However, a day later, South Korea announced, "It is true that we decided to suspend the exercises, but we decided to further discuss supplementary measures after considering preparedness."


AJU Business Daily (

Samsung BioLogics to complete share transfer to U.S. partner this week

Samsung BioLogics, a biosimilar arm of South Korea's largest Samsung Group, will complete the transfer of shares to an American partner this week to share management of a lucrative biopharmaceutical joint venture. BioLogics said in a regulatory filing Tuesday that the transfer of shares worth about 759 billion won ($677 million) to U.S.-based pharmaceutical company Biogen would be completed on Wednesday.

Samsung unveils teaser image hinting at 'foldable smartphone

Samsung Electronics, which is reportedly developing a foldable smartphone with a flexible display, has uploaded a teaser image hinting at its long-awaited next-generation folding phone.The South Korean phone maker unveiled the teaser image showing "Samsung" folded in half via Facebook Monday. Samsung has been developing a foldable smartphone which can be opened to feature a larger screen like a tablet. The book-like smartphone can be folded to reduce space.

BIGBANG's Seungri to open S. Korean VR theme park franchise store in Singapore

K-pop boy band BIGBANG member Seungri, well known for his successful business skills, will launch a virtual reality (VR) theme park in Singapore next week. The singer is operating a dance academy and a Japanese noodle restaurant franchise."Seungri will launch a VR them park franchise by opening the first store in Singapore on November 15," Kim Yuri, Social Network public relations manager, told Aju News Monday adding the 27-year-old BIGBANG member has become the president of the company's VR franchise division last week.


Maeil Business News Korea (

S. Korea gets an exemption on Iranian oil imports

South Korea along with seven other countries have been granted temporary waivers on Iranian oil imports from the U.S. that on Monday renewed all sanctions against Iran to pressure the Middle Eastern country to curb its nuclear ambition. The news has relieved Korean refiners and chemical companies that heavily rely on Iranian condensate imports, but uncertainties remain because the Korean government has to renegotiate with the U.S. to extend the exemption after a grace period of 180 days, and other local sectors are not exempted from the sanctions.

SK Broadband establishes per-title system for Btv VoD service

SK Broadband Co., the internet and television service unit wholly-owned by South Korea’s leading telecommunications company SK Telecom Co., said on Monday that it will improve image quality of its Btv video on demand (VoD) service by applying new per-title system technology. The per-title system - which has been commercialized for the first time in the country - is a technology based on quality data. SK Broadband has been applying the system to its Btv Internet Protocol TV (IPTV) VoD contents since October.

Green Cross begins development of new herpes zoster vaccine in U.S.

GC Pharma, a South Korean biopharmaceutical company, Monday announced its U.S. subsidiary Curevo Inc. has received U.S. Food and Drug Administration approval for a phase 1 clinical trial of CRV-101, an investigational herpes zoster vaccine. The study will enroll 90 healthy adults in the U.S.

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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