The Korea Herald

BOK hints at smaller changes in benchmark rate

October 4, 2016

[ THE INVESTOR ] The Bank of Korea may consider altering the benchmark rate by smaller increments. In a report submitted to Rep. Park Joo-hyun of the minor opposition People’s Party, the BOK said t...
Young Koreans’ economic participation hits decade high

October 4, 2016

[ THE INVESTOR ] The economic participation rate of Koreans in their 20s hit a decade-high in the second quarter of the year, data showed on Oct. 4. According to Statistics Korea, the economic par...
Gov’t selects buyers for 50-year Treasurys

Septtember 30, 2016

[THE INVESTOR] KB Kookmin Bank and nine securities companies have been selected to purchase 50-year Treasurys, the Ministry of Strategy and Finance revealed on Sept. 30. Along with KB Kookmin Bank, ...
[URGENT] Golf course in Seongju picked for THAAD

Septtember 30, 2016

[ THE INVESTOR ] The Ministry of National Defense on Sept. 30 chose a golf course in Seongju, North Gyeongsang Province, as the location of the Terminal High Altitude Area Defense system. The min...
N. Korea’s coal exports to China surges despite sanctions

Septtember 30, 2016

[ THE INVESTOR ] China imported record amount of coal from North Korea in August despite the international sanctions, data showed on Sept. 30. According to the Korea International Trade Associatio...
Deloitte Anjin probed over DSME corruption case

Septtember 29, 2016

[ THE INVESTOR ] Accounting firm Deloitte Anjin has come under scrutiny in the expanding Daewoo Shipbuilding and Marine Engineering corruption case, the prosecutors’ office revealed on Sept. 29. ...
GS Caltex breaks ground for world's first biobutanol plant

Septtember 29, 2016

[ THE INVESTOR ] GS Caltex on Sept. 29 began work on the world’s first biobutanol production facility. Located in the company’s complex in Yeosu, South Jeolla Province, the new facility is a pilot ...
Autonomous vehicle test to be allowed on all roades

Septtember 29, 2016

[ THE INVESTOR ] Autonomous vehicle testing will be allowed on all roads in the South Korea from November, the Ministry of Land, Infrastructure and Transport announced on Sept. 29. This follows th...
S. Korean gov’t pushes for reform in petrochemicals industry

Septtember 28, 2016

[ THE INVESTOR ] The government on Sept. 28 called for a restructuring of the petrochemicals industry to reduce oversupply and streamline businesses. “According to a consultation report, a rapid b...
October’s crowded IPO schedule raises concerns

Septtember 28, 2016

[ THE INVESTOR ] October will see the largest number of initial public offerings this year, but there are concerns that the volume could pose an obstacle for the companies. Next month, three compa...
Gov’t-union friction over new wage system escalates

Septtember 28, 2016

[ THE INVESTOR ] The dispute over performance-based salary system is growing with South Korea’s largest umbrella labor unions set to stage mass rallies and strikes. The hardline Korean Confederati...
SME federation chief warns of boycotting Hyundai Motor

Septtember 28, 2016

[ THE INVESTOR ] Korea Federation of SMEs Chairman Park Sung-taek said on Sept. 28 that he is considering launching a boycott campaign on Hyundai Motor products. Speaking to the media, Park said...
Dongbu Steel’s furnace sale to be completed within the year

Septtember 28, 2016

[ THE INVESTOR ] Dongbu Steel ’s creditors plan to complete the sale of the company’s electric arc furnace within the year, with two Iranian steelmakers showing interest in the facility. Accordi...
Race for Tongyang Magic comes down to 4 bidders

Septtember 27, 2016

[ THE INVESTOR ] The bids for Tongyang Magic came down to four competitors on Sept. 27, with CJ Group and Hyundai Department Store Group dropping out of the race. However, Hyundai Department Stor...
KEPCO likely to exceed W10tr operating profit for second year

Septtember 27, 2016

[ THE INVESTOR ] The consolidated operating profit of Korea Electric Power Corp. could reach 11 trillion won (US$10.04 billion) this year, the company’s CEO revealed on Sept. 27. Speaking at a ...