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Hyundai Engineering wins $2.2b order in Indonesia

Hyundai Engineering Co., a major South Korean industrial plant builder, said Monday it has won a $2.17-billion deal to upgrade a refinery plant in Indonesia. Under the deal with Indonesia's state-ru...

Sept 16, 2019
Industry
Fiscal spending takes greater effect over time: BOK report

Fiscal spending may have a greater impact on the economy than generally viewed, but the effect may take some time to take place, a central bank report said Monday. In a recent study conducted by the...

Sept 16, 2019
Economy
SK Innovation to supply battery for Ferrari plug-in hybrid

SK Innovation Co. of South Korea has been picked to supply a battery pack for Ferrari's first plug-in hybrid electric vehicle, industry sources said Sunday. After two years of tests of various produ...

Sept 15, 2019
Automode
Korean drug firms eye growth in South America

Korean pharmaceutical companies are making inroads into Central and South America, betting on steady growth of markets in the region. Samsung Bioepis, Celltrion Healthcare, Boryung Pharmaceutical, C...

Sept 15, 2019
Industry
Samsung heir flies to Saudi to check on metro project

Lee Jae-yong, vice chairman and heir apparent of Samsung Electronics, flew to Saudi Arabia on Saturday to check on Samsung C&T’s infrastructure project in the Middle Eastern country’s capital, Riyadh...

Sept 15, 2019
Technology
SKT-Ericsson test of standalone 5G network succeeds

SK Telecom and its Swedish partner Ericsson said Sunday they have successfully conducted a joint test of the 5G standalone network, opening the way for faster network services and better data managem...

Sept 15, 2019
Industry
[News Focus] Household-income polarization worsens in 2 years

SEJONG -- The Moon Jae-in administration has continued to push for “income-led” growth by raising the minimum wage and scaling back the workweek. This was aimed at boosting consumption by raising th...

Sept 15, 2019
Economy
Korean companies expand presence on Dow Jones indices

South Korea’s leading businesses are increasing their presence on Dow Jones indices, indicating improvement in the sustainability of companies from Asia’s fourth-largest economy, according to the fir...

Sept 15, 2019
Industry
S. Korea’s tax burden to grow next year amid concerns

South Korea’s tax burden per capita will stand at an estimated 7.5 million won ($6,300) next year, slightly up from this year, and is poised to grow through 2023, according to data released by the go...

Sept 15, 2019
Economy
South Korea set to exclude Japan from whitelist this week

South Korea is set to exclude Japan from its export control whitelist this week in response to Tokyo’s earlier decision to remove Seoul as a preferred trading partner and impose tighter controls on e...

Sept 15, 2019
Industry
[Eye on Business] Fighting pests and social prejudices: Cesco’s pioneering history

The public image of a company is often represented by the products and services it provides -- an association process that might act to the disadvantage of a company like Cesco, which specializes in ...

Sept 15, 2019
Industry
Samsung's smartphone share in Europe surges in Q2

Samsung Electronics Co.'s smartphone shipments to Europe jumped in the second quarter from a year earlier, benefiting from Huawei's struggle with a US trade ban, a report showed Sunday. Samsung's sm...

Sept 15, 2019
Industry
Seoul to drop Tokyo from whitelist this week

South Korea is moving to strip Japan from its list of trusted trading partners as early as this week, but it is still open to having last-minute negotiations with Tokyo, the trade ministry said Sunda...

Sept 15, 2019
Industry
S. Korean hedge funds see steady growth this year

South Korea's homegrown hedge funds continued to soak up money while viable investment vehicles remain few in number, data showed on Saturday. Hedge funds here pulled in 600 billion won (US$509 mill...

Sept 14, 2019
Finance
Korea Exchange to go paperless from next week

South Korea's stock exchange will introduce an electronic securities system next week, under which all listed stocks and bonds do not exist in paper form, according to the country's financial regulat...

Sept 14, 2019
Finance

The Korea Herald by Herald Corporation

Address : Huam-ro 4-gil 10, Yongsan-gu,Seoul, Korea
Online newspaper registration No : Seoul 아03711
Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
Juvenile Protection Manager : Yang Sung-jin
Tel : 02.727.0114