The Korea Herald

MWC 2020 to proceed as scheduled despite coronavirus spread

Jan 29, 2020

The Mobile World Congress 2020 will proceed as planned, according to a statement released by London-based GSMA on Tuesday local time. The event will kick off in Barcelona, Spain, on Feb. 24-27. The ...
SK in hot pursuit of Hyundai for No. 2 spot in chaebol list: report

Jan 29, 2020

SK Group is fast catching up with South Korea’s second-largest conglomerate Hyundai Motor Group, even as Samsung Group continued to maintain the top spot last year with a sizable lead over them, acco...
[Monitor] South Korea has largest trade surplus with Hong Kong

Jan 29, 2020

South Korea had the largest trade surplus with Hong Kong last year, data from the Korea Customs Service showed. Its trade deficit with Japan remained the largest, although the size was the lowest in...
Crude oil spills from buoy off coast of Ulsan

Jan 29, 2020

Local maritime police took emergency action Wednesday after crude oil spilled from a buoy -- an offshore crude oil loading facility -- installed off the coast of Ulsan, according to police and news r...
China’s coronavirus raises economic concerns in Korea

Jan 29, 2020

As the outbreak of China’s new coronavirus rapidly spreads, concerns have been raised about the Korean economy that heavily depends on China, the nation’s top export destination by volume. On Wednes...
Korea's air passenger traffic up 5% in 2019

Jan 29, 2020

South Korea's air passenger traffic rose 5 percent last year from a year earlier on higher travel demand, the transport ministry said Wednesday. For the whole of 2019, 123 million passengers, includ...
SK Innovation to boost investment in EV batteries and materials

Jan 29, 2020

SK Innovation Co., South Korea's leading refiner, will boost investment in its electric vehicle battery and materials business, a top executive has said. SK Innovation CEO and President Kim Jun made...
Samsung No. 2 5G smartphone vendor in 2019: data

Jan 29, 2020

Samsung Electronics Co. was the No. 2 player in the global 5G smartphone market last year in terms of shipments, industry data showed Wednesday, as the South Korean tech giant faces tough challenges ...
Kumho Tire supplies tires for Audi Q5 SUV

Jan 29, 2020

Kumho Tire Co., the South Korean unit of Chinese tiremaker Qingdao Doublestar Co., said Wednesday it began to supply tires to the Audi Q5 SUV. Kumho Tire began to deliver the high-performance Crugen...
Korea ups monitoring of fake news on Wuhan coronavirus

Jan 28, 2020

The Korea Communications Commission is stepping up its efforts to monitor online posts concerning the new Wuhan coronavirus, to counter rapidly spreading falsehoods that could mislead the public. Th...
[Monitor] Land price hike slows down

Jan 28, 2020

Land prices across South Korea surged by 3.92 percent last year from 2018, according to the Ministry of Land, Infrastructure and Transport. The growth in land prices dropped by 0.66 percentage point...
Semiconductors again top list of S. Korea's export items in 2019

Jan 28, 2020

Semiconductors continued to top the list of South Korea's largest export items last year, data showed Tuesday. Outbound shipments of semiconductors came to $93.9 billion in 2019, accounting for 17.3...
Korean firms scrambling to minimize fallout from Wuhan virus

Jan 28, 2020

Major South Korean companies are scrambling to minimize any possible fallout from the Wuhan coronavirus by pulling their staff out of China and curbing trips there, industry sources said Tuesday. Hy...
More institutions adopt stewardship code, embrace shareholder activism

Jan 28, 2020

The number of South Korean institutions that have embraced shareholder activism by adopting the stewardship code surged last year, raising tensions for companies ahead of their general shareholders m...
Naver’s webcomic unit ramps up service worldwide

Jan 27, 2020

The webcomic unit of Korea’s largest internet portal operator Naver is ramping up efforts to attract more foreign users, launching services in French and Spanish recently. Naver Webtoon, also known ...