The Korea Herald

Public financial enterprises accused of charging excessive interest rates

Oct 20, 2020

South Korea’s major financial state-owned corporations turned out to have imposed excessive interest amounts that far exceed the principal upon small-sized debtor businesses, raising skepticism about...
8 out of 9 state-run financial firms have zero female executives

Oct 20, 2020

Women in leadership positions are still rare at South Korea’s state-run financial institutions, despite the government’s policy drive to empower female workers at the public offices, data showed Tues...
[Newsmaker] S. Korea to lift export ban on mask filters

Oct 20, 2020

South Korea said Tuesday it will lift the export ban on nonwoven fabrics this week that are used to produce protective masks as the domestic supply of the materials and masks stabilized. Under the d...
Daewoo Shipbuilding develops world's first metalworking robot

Oct 20, 2020

Daewoo Shipbuilding & Marine Engineering Co. said Tuesday it has developed an AI robot for metalworking in the construction of ships for the first time in the world. The AI hot working robot, called...
Bond, CD issuance in S. Korea swells 14.1% in Q3

Oct 20, 2020

Sales of bonds and certificates of deposits (CDs) in South Korea climbed more than 14 percent in the third quarter of the year from a year earlier, data showed Tuesday. The value of those debt instr...
S. Korea's demand deposit turnover hits nadir in Aug.

Oct 20, 2020

South Korea's demand deposit turnover ratio hit an all-time low in August amid growing uncertainty due to the coronavirus pandemic, central bank data showed Tuesday, The ratio, or withdrawals of dem...
Anxiety mounts on S. Korea’s debt management outlook

Oct 19, 2020

Even state-run think tanks are concerned about fast-rising debt without payment resource
Hyundai, Kia set to shift to Q3 loss on provisions for massive recall

Oct 19, 2020

Hyundai Motor Co. and its affiliate Kia Motors Corp. said Monday they plan to reflect a combined 3.4 trillion won ($3 billion) in provisions for product recall and quality control in their balance sh...
GS E&C Q3 net down 43.9% on currency losses

Oct 19, 2020

GS Engineering & Construction Co., a major South Korean builder, said Monday that its third-quarter net profit plunged 43.9 percent from a year earlier due to currency losses. GS E&C posted a net pr...
S. Korea considers duty-free limit on overseas direct buying

Oct 19, 2020

South Korea is considering placing a tax-free cap on local consumers’ direct purchases from foreign countries, to be enacted as early as 2022, officials said Monday. The move comes as the government...
Renault Samsung resumes plant operations amid pandemic

Oct 19, 2020

Renault Samsung Motors Corp. said Monday it has resumed the operation of its sole plant in South Korea following a monthlong suspension to control inventories amid the COVID-19 pandemic. Renault Sam...
Ratio of sovereign wealth fund's alternative assets dips in 2019

Oct 19, 2020

South Korea's sovereign wealth fund cut the ratio of alternative assets to its total investments for the first time in 10 years in 2019, data showed Monday. Korea Investment Corp. (KIC) had alternat...
No deal looms between LG Chem and SK Innovation over trade secret case

Oct 19, 2020

LG Chem Ltd. and SK Innovation Co. -- South Korea's top two electric vehicle battery makers -- appear unlikely to produce a breakthrough in their high-stakes trade secret case over EV batteries ahead...
Hyundai's Kona EV recall potential hurdle in electrification plan

Oct 19, 2020

Hyundai Motor Co.'s planned global recall of 77,000 Kona Electric vehicles may be a drag on the company's electrification plan, analysts said Monday. Hyundai Motor plans to voluntarily recall 77,000...
Samsung Heavy succeeds in operating remote autonomous ship

Oct 19, 2020

South Korean shipbuilder Samsung Heavy Industries Co. said Monday it has successfully navigated its 300-ton remote autonomous ship. The 38-meter-long ship was operated in seas off Geoje Island, 398 ...