The Korea Herald

Key suspect allegations surrounding Hyundai Group training center arrested

Oct 12, 2016

[ THE INVESTOR ] A key suspect in the embezzlement case regarding Hyundai Group’s training center has been arrested and indicted, the Seoul Central District Prosecutors’ Office said on Oct. 11. Th...
KIC fails to measure up to foreign counterparts

Oct 11, 2016

[ THE INVESTOR ] The Korea Investment Corporation had the lowest profitability among major state-run investment funds, data showed on Oct. 11. Rep. Kim Song-sik of the minor opposition People’s Pa...
Transport Ministry issues warning on Galaxy Note 7 use on aircrafts

Oct 11, 2016

[THE INVESTOR] The Ministry of Land, Infrastructure and Transport on Oct. 11 issued a statement warning against the use of Samsung Electronics Galaxy Note 7 onboard aircrafts. The ministry’s warn...
KEXIM’s loans fueled shipbuilding industry’s difficulties: lawmaker

Oct 11, 2016

[ THE INVESTOR ] The Export-Import Bank of Korea’s subprime loans hampered the restructuring of the shipbuilding industry and fed the industry’s difficulties, a ruling party lawmaker claimed on Oct...
NPS to seek compensation from Hanmi Pharma

Oct 10, 2016

[ THE INVESTOR ] The National Pension Service has decided to file a compensation suit against Hanmi Pharmaceutical should its alleged wrongdoings be proven true. Speaking at the parliamentary au...
Gov’t to analyze Hyundai Motor engine for faults

Oct 10, 2016

[ THE INVESTOR ] South Korean authorities are looking into Hyundai Motor ’s Theta II engine over complaints of engine failure, and abnormal levels of noise. According to local news reports, the ...
Hyundai Motor Group fined the most for unfair trade practices

Oct 10, 2016

[ THE INVESTOR ] Hyundai Motor Group has been fined the most among South Korean conglomerates for breaking fair trade regulations since 2012, antitrust agency data showed on Oct. 9. According to...
Hyundai to be probed over faulty air bag in SUVs

Oct 10, 2016

[ THE INVESTOR ] Hyundai Motor will come under a criminal probe following charges filed by the Ministry of Land, Infrastructure and Transport. The ministry reported the carmaker to the prosecuti...
Lawmaker accuses Hanmi, Drug Ministry of falsehoods

Oct 7, 2016

[ THE INVESTOR ] Hanmi Pharmaceutical was aware of the negative side effects of targeted cancer therapy Olmutinib in August, an opposition lawmaker claimed on Oct. 7. Rep. Jung Choun-sook of the...
Large companies’ loan default rate rises to new high

Oct 7, 2016

[ THE INVESTOR ] Large corporations default rate on bank loans reached a new high in August, data showed on Oct. 7. The default rate is the ratio between banks’ outstanding loans and loans on whic...
S. Korean gov’t promises W4tr ship orders

Oct 6, 2016

[ THE INVESTOR ] The government will place orders for ships ahead of schedule as part of support measures for smaller shipbuilders, Minister of Trade, Industry and Energy Joo Hyung-hwan said on Oc...
FKI faces increasing heat

Oct 6, 2016

[ THE INVESTOR ] Criticism against the Federation of Korean Industries is growing, with the opposition parties going as far as to call for it to be disbanded. The increasing criticism come in the ...
Hyundai Steel to issue W200b bonds

Oct 5, 2016

[ THE INVESTOR ] Hyundai Steel will issue bonds to the value of 200 billion won (US$ 179.49 million) on Oct. 18. According to finance industry sources, Hyundai Steel will issue 100 billion won 5...
Hyundai Motor recalls city car in India

Oct 5, 2016

[ THE INVESTOR ] Hyundai Motor is recalling 7,657 units of the city car Eon produced at its plant in India in January 2015. The company said that faults have been found in the clutch and battery...
Labor dispute weighs down Hyundai Motor

Oct 5, 2016

[ THE INVESTOR ] Hyundai Motor may fall short of its production target this year, weighed down by the ongoing labor dispute. The union has halted walkouts until Oct. 11, with only the union lead...