The Korea Herald

Korea plans to ax red tape to boost new energy investment

BusinessFebruary 15, 2016

South Korea will actively remove administrative red tape and help companies invest in new energy industries that can generate long-term growth, the trade and industry minister said Monday. Large com...
Gaeseong complex closure negative for S. Korean credit ratings: Moody's

BusinessFebruary 15, 2016

The recent shutdown of the inter-Korean industrial complex in North Korea's border town of Gaeseong could have adverse impacts on South Korea's credit ratings, Moody's Investors Service said Monday. ...
'Geunhyenomics,' or the lack thereof

코리아 헤럴드February 9, 2016

The eponymous “Abenomics,” a set of reform plans named after Japanese Prime Minister Shinzo Abe, frequently turns up in the world’s media. But nobody ever refers to “Geunhyenomics” for South Korean ...
[Photo News] Car of the Year

TransportJanuary 31, 2016

Hyundai Motor executive vice president Kwak Jin poses with an EQ900 sedan at a ceremony in Seoul on Friday after the first model of Hyundai Motor’s global luxury brand Genesis was awarded by the Kore...
Samsung Q4 net tumbles on smartphone, chip woes

BusinessJanuary 28, 2016

Samsung Electronics Co. reported a sharp drop in fourth-quarter profit Thursday as its smartphone business stuttered on sluggish demand for premium models and chip prices remained weak. Net profit r...
State tax agency launches probe on 30 offshore tax evasion cases

January 27, 2016

South Korea's tax authorities said Wednesday that it has launched probes into 30 offshore tax evasion cases as part of its efforts to clamp down on tax dodging. The National Tax Service (NTS) said t...
Korea's IT spending to expand 2.4% in 2016

TechnologyJanuary 22, 2016

(KOTRA) South Korea's spending on information technology products and services is expected to grow 2.4 percent in 2016 from the previous year, data showed Friday. Asia's fourth-largest economy is e...
Credit card firms ordered to compensate consumers for data leak

BusinessJanuary 22, 2016

A local court on Friday ordered three credit card-related companies, hit by a massive data leak in 2014, to give 100,000 won ($83) to each victim, a ruling that could set a precedent for other simila...
Hyundai Rotem to build subway line in Philippines

IndustryJanuary 22, 2016

Hyundai Rotem Co., a train-making affiliate of Hyundai Motor Group, said Friday that it has inked a deal to construct a subway line and other necessary systems in the Philippines for 530 billion won ...
Government to unveil possible 4th mobile carrier next week

TechnologyJanuary 22, 2016

South Korea's ICT ministry said Friday it will determine whether to license the country's fourth mobile carrier next week after months of deliberation on candidates. The three candidates passed an i...
Korean shipyards to pay bonuses despite huge losses

IndustryJanuary 22, 2016

South Korean shipbuilders, reeling from massive losses, are planning to pay bonuses to their employees for the Lunar New Year's holiday, as part of efforts to boost morale, industry sources said Frid...
Kia Motors sets sales target in Iran at 20,000 units this year: sources

TransportJanuary 22, 2016

Kia Motors Corp., South Korea's second-largest carmaker, has set its sales target in Iran at around 20,000 units for this year as it is seeking to fully resume exports after years of suspension due t...
Samsung top sellers of phones, tablets, PCs in Q1-Q3 of 2015

TechnologyJanuary 22, 2016

South Korea tech giant Samsung Electronics Co. sold the largest number of so-called smart connected devices in the world in the first nine months of 2015, data showed Friday. Samsung Electronics sol...
Inter-Korean trade hits record high in 2015 despite shaky ties

January 21, 2016

Trade volume between South and North Korea reached an all-time high in 2015 despite strained inter-Korean ties over the North's pursuit of nuclear weapons, a trade association here said Thursday. Tr...
Four in 10 Korean households unprepared for old age: report

January 21, 2016

Approximately four in 10 South Korean households have no concrete plans to cope with life after retirement, a report showed Thursday. The report by the Korea Institute for Health and Social Affairs ...