The Korea Herald

Government mulls additional measures to minimize Hanjin’s impact on exports

Sept 4, 2016

[THE INVESTOR] The South Korean government will consider expanding the number of ports of call across the globe for national vessels as part of measures to minimize the impact of Hanjin Shipping ’...
KTCU, TIAA to form real estate JV

Sept 1, 2016

[ THE INVESTOR ] The Korean Teachers’ Credit Union and the Teachers Insurance and Annuity Association of America signed a memorandum of understanding on Aug. 30 to establish a joint real estate inv...
Korea’s growth potential held back by lack of entrepreneurship: ADB economist

Aug 31, 2016

[ THE INVESTOR ] South Korean university graduates’ lack of drive for starting businesses will hold back the country’s potential growth rate, Asian Development Bank principal economist Park Dong-hy...
Tongyang Magic could fetch up to W1tr: analyst

Aug 31, 2016

[ THE INVESTOR ] LIG Investment and Securities projected on Aug. 31 that Tongyang Magic could fetch up to 1 trillion won (US$893.38 million). Related article : AJ Networks, SK Networks head of pa...
Woori Bank to offer payment services for Chinese nationals

Aug 30, 2016

[ THE INVESTOR ] Woori Bank announced on Aug. 30 that it will roll out payment services in collaboration with China’s Lakala Payment. Lakala Payment is one of China’s top three mobile payment se...
Nature Cell gets OK to grow stem cells in Japan

Aug 30, 2016

[ THE INVESTOR ] Biotechnology firm Nature Cell announced on Aug. 30 that it has obtained the license to culture adult stem cells from Japan’s pharmaceuticals agency. The company said that Japan...
NTS probes tax evasion by PEF clients

Aug 30, 2016

[ THE INVESTOR ]The National Tax Service is investigating a number of private equity funds’ clients on suspicion of tax evasion, a local daily reported on Aug. 30. According to the South Korean da...
Kumho Tire creditors to begin sale process on Sept. 20

Aug 30, 2016

[ THE INVESTOR ] The sale process for Kumho Tire will begin in September, industry sources said on Aug. 30. The tire maker’s creditor banks plan to announce the sale on Sept. 20, and receive pre...
Korea Exchange to review delisting of DSME

Aug 29, 2016

[ THE INVESTOR ] The Korea Exchange said on Aug. 29 that a decision on delisting Daewoo Shipbuilding and Marine Engineering will be taken by the end of next month. The bourse operator said that ...
Hyundai Heavy union files injunction against restructuring measures

Aug 29, 2016

[ THE INVESTOR ] Hyundai Heavy Industries ’ labor union on Aug. 29 filed an injunction against the company’s restructuring plans. The union claims that the company’s restructuring plans are bein...
Celltrion’s influenza antibody patented in Australia, Japan

Aug 29, 2016

[ THE INVESTOR ] South Korean biotechnology firm Celltrion announced on Aug. 29 that it has obtained patents regarding CT-P23 antibody specific to influenza A virus in Australia and Japan. Accor...
Woori Bank, Indonesian mobile carrier sign cooperation deal

Aug 29, 2016

[ THE INVESTOR ] South Korea’s Woori Bank and Indonesian mobile carrier Indosat Ooredoo on Aug. 29 signed an agreement to collaborate in developing services for transferring funds abroad. Indos...
Growth of corporate loans slows in Q2: BOK

Aug 29, 2016

[ THE INVESTOR ] The growth of local financial institutions’ loans to companies has slowed in the second quarter of the year, Bank of Korea data showed on Aug. 29. The data showed that loans give...
Regulators to reform listing process next month

Aug 29, 2016

[ THE INVESTOR ] The process of listing on local stock markets will be reformed to give innovative companies easier access, Financial Services Commission Chairman Yim Jong-yong said on Aug. 29. S...
NTS levies W42b tax on SK Shipping, affiliate

Aug 29, 2016

[ THE INVESTOR ] The National Tax Service has levied taxes on SK Shipping and its Singapore-based subsidiary following a special audit, according to reports Aug. 29. The tax agency analyzed SK Shi...