The Korea Herald

S. Korea pushes for deregulation for new industries

Feb 6, 2020

South Korea unveiled plans for regulatory reform Thursday in a bid to promote innovation in new industries related to the fourth industrial revolution. Making public the 2020 road map for "regulator...
Business circles concerned about NPS’ stronger shareholder activism

Feb 6, 2020

The National Pension Service’s growing interference in corporate management as it enforces stricter yardsticks on investments and recent revisions of commercial acts are raising the hackles of South ...
KT 2019 profit falls 12% as investment, marketing costs rise

Feb 6, 2020

KT Corp., South Korea's major telecommunication firm, said Thursday its net profit fell 12.2 percent last year from a year earlier as it ramped up spending on its network and marketing. In a regulat...
LIG Nex1 vies to enter defense industry in India

Feb 6, 2020

LIG Nex1 said it is participating in DefExpo India 2020, a biennial defense and aerospace exhibition being held from Wednesday to Sunday in Lucknow, India, the world’s second-biggest arms importer th...
Smilegate sends 10m yuan donation to Wuhan

Feb 6, 2020

Korean game companies pour donations for those affected by novel coronavirus
S. Korea to invest W385b in R&D for eco-friendly auto parts

Feb 6, 2020

SEJONG -- South Korea said Thursday it will spend 385.6 billion won ($326.2 million) on research and development projects for auto parts for eco-friendly vehicles, such as electric cars, in line with...
Korean builders' overseas orders hit 13-year low in 2019

Feb 6, 2020

Overseas orders won by South Korean construction companies hit the lowest point in 13 years in 2019 due mainly to slowing orders from the Middle East, the construction ministry said Thursday. The co...
Duty-free shops to reopen this week after virus disinfection

Feb 5, 2020

Several South Korean duty-free shops that temporarily shut down after people infected with Wuhan coronavirus visited them will reopen later this week, their operators said Wednesday. Shilla Duty Fre...
[Monitor] Administrative cost constrains to start business in Korea

Feb 5, 2020

To start one’s business, it takes an average of eight days to go through the administrative process, costing an average of 4.9 million won ($4,125) in South Korea, a report by the Korea Economic Rese...
K-bio firms all out to contain novel coronavirus spread

Feb 5, 2020

Experts call for government push to expedite vaccine development
[Photo News] Lotte Mart introduces flashy school safety items

Feb 5, 2020

Fluorescent reflective cloaks and school bag covers are showcased at Lotte Mart’s Seoul Station branch in Jung-gu, central Seoul, on Wednesday. The number 30 signifies the 30-kilometer-per-hour maxi...
Samsung No. 2 tablet vendor in 2019: data

Feb 5, 2020

Samsung Electronics Co. ranked behind Apple Inc. in the global tablet market last year in terms of shipments, industry data showed Wednesday, as the South Korean tech giant faces tough challenges fro...
LG Electronics not joining MWC 2020 over coronavirus fears

Feb 5, 2020

Other Korean companies looking at ways to address safety concerns
FTC fines Shinsegae for ‘nonrefundable stickers’ terming it unfair

Feb 5, 2020

South Korea’s antitrust watchdog on Wednesday fined retailers Shinsegae and Woori Home Shopping 2.5 million won ($2,100) each for violating e-commerce laws. The Fair Trade Commission said the two fi...
Samsung Electronics still No. 1 in US home appliances market

Feb 5, 2020

Samsung Electronics set a record in 2019 by commanding 20.5 percent of the home appliances market in the United States, whose $25.8 billion electronics market is the world’s biggest, according to dat...