The Korea Herald

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LATEST NEWS

BOK hints at smaller changes in benchmark rate

[ 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...

October 4, 2016
Young Koreans’ economic participation hits decade high

[ 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...

October 4, 2016
Gov’t selects buyers for 50-year Treasurys

[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, ...

September 30, 2016
[URGENT] Golf course in Seongju picked for THAAD

[ 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...

September 30, 2016
N. Korea’s coal exports to China surges despite sanctions

[ 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...

September 30, 2016
Deloitte Anjin probed over DSME corruption case

[ 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. ...

September 29, 2016
GS Caltex breaks ground for world's first biobutanol plant

[ 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 ...

September 29, 2016
Autonomous vehicle test to be allowed on all roades

[ 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...

September 29, 2016
S. Korean gov’t pushes for reform in petrochemicals industry

[ 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...

September 28, 2016
October’s crowded IPO schedule raises concerns

[ 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...

September 28, 2016
Gov’t-union friction over new wage system escalates

[ 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...

September 28, 2016
SME federation chief warns of boycotting Hyundai Motor

[ 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...

September 28, 2016
Dongbu Steel’s furnace sale to be completed within the year

[ 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...

September 28, 2016
Race for Tongyang Magic comes down to 4 bidders

[ 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...

September 27, 2016
KEPCO likely to exceed W10tr operating profit for second year

[ 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 ...

September 27, 2016

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The Korea Herald by Herald Corporation

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Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
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