Articles by 박윤아
박윤아
-
Korea’s mobile Internet connectivity ranked 14th: report
[THE INVESTOR] Korea had a rank of 14 among 134 countries in mobile Internet connectivity, according to a global association of mobile operators on June 28.The Global System for Mobile Communications (GSMA) noted that the country scored 80.7 out of 100 in four key areas of mobile Internet connectivity -- infrastructure, affordability, consumer readiness and content.Australia was on top, followed by the Netherlands, Denmark, Sweden, Norway, New Zealand, Finland, the United States, Iceland and the
June 28, 2016
-
Kumho Asiana chief receives prestigious French award
[THE INVESTOR] Kumho Asiana Group chairman Park Sam-koo was awarded a high-level decoration from the French government Monday for his contributions to bilateral exchanges between Korea and France, and to the aviation industry in both countries.Park received the Legion of Honor (Legion d’honneur) from French Ambassador to Korea Fabien Penone at Penone’s residence in Seodaemun-gu, central Seoul. At the ceremony, Penone expressed respect for Park’s achievements, calling him a “businessman, a patron
June 28, 2016
-
Dongbu Corp. signs M&A deal with Keystone Echo Prime
[THE INVESTOR] South Korean builder Dongbu Corp. has signed an M&A agreement with Keystone Echo Prime, a private equity fund, the company said on June 27. The PEF was created by Keystone Private Equity to take over Dongbu. The buyout cost is estimated at 206 billion won (US$175.14 million). Dongbu Corp.’s shares surged 18 percent to 12,900 won when the local stock market opened on June 28. Park Yuna (yunapark@heraldcorp.com)
June 28, 2016
-
Line delays IPO price band decision
[THE INVESTOR] Naver’s messaging app affiliate Line will reveal its IPO price band on June 28, ahead of its overseas listing. The one-day delay has been attributed to the volatile exchange rate following the Brexit decision. Line announced on June 10 its decision to list in Japan and the US. “Although Nikkei rallied today, we reached an agreement to decide the price band after watching the UK and US markets,” said an official from the company. “But we will not have any problems for the overall l
June 27, 2016
-
Korea’s ICT industry to have limited Brexit impact: ministry
[THE INVESTOR] Brexit’s impact on Korea’s information and communications technology industry is likely to be marginal in the short term, given Britain’s relatively small share of its overall shipment, a senior government official said on June 27.Choi Jae-you, vice minister of science, ICT and future planning, noted that Britain accounts for merely 0.7 percent of Korea’s ICT-related exports.The volume of Korea’s direct investment into Britain’s ICT sector stood at around US$300 million between 20
June 27, 2016
-
Hanwha Techwin bags W240b deal
[THE INVESTOR] Korean defense manufacturer Hanwha Techwin said on June 27 it has signed a parts supply deal worth 241 billion won (US$204 million) with Korea Aerospace Industries, the country’s sole aircraft manufacturer.The deal is designed to localize parts of the engine for Korea’s next-generation fighter jets, the firm said in a regulatory filing.In May, Korea picked General Electric as the preferred bidder to supply engines for the KF-X project.KAI said Hanwha Techwin is set to import GE en
June 27, 2016
-
NongHyup invests W270b in US
[THE INVESTOR] NongHyup Financial Group has invested 270 billion won ($US229.5 million) in an American gas power plant, its biggest global investment to date, according to local news media on June 27.Group chairman Kim Yong-hwan said the organization made the loan investment in Newark Energy Center, located in New Jersey. The construction of the 655mv-scale power plant was completed in September 2015.The investment was made via a 350 billion won fund collected by JB Asset Management. NH Investme
June 27, 2016
-
[URGENT] BOK chief calls emergency meeting on Brexit
[THE INVESTOR] The Bank of Korea‘s chief will preside over an emergency meeting with his senior staff on June 27 to discuss how to cope with the fallout from Britain‘s recent decision to leave the European Union.Bank of Korea Gov. Lee Ju-yeol came home earlier in the day, cutting short his trip to Basel, Switzerland, for the emergency meeting.The BOK’s meeting, starting at 2:30 p.m., follows an earlier meeting hosted by the Financial Services Commission where the head of the top financial regula
June 27, 2016
-
President Park calls for stringent crisis management over Brexit
[THE INVESTOR] President Park Geun-hye of South Korea on June 27 sought a stringent crisis management system to minimize the potential negative impact from Brexit.In her first public statement following the Brexit vote, she also ordered the government to take “all necessary measures” to stabilize the local stock market that has suffered a sharp drop.“Along with the 24-hour monitoring system that is currently in place, I want you to take all necessary measures to stabilize the market and minimize
June 27, 2016
-
Investors pick safe assets amid Brexit
[THE INVESTOR] Following Britain’s shocking vote to quit the European Union local investors are shunning risky long-term assets and leaning toward the U.S. dollar and other safer assets, such as short-term deposits, market data showed on June 27.According to the Bank of Korea, outstanding bank deposits with a maturity of less than one year came to a record high of 199.48 trillion won (US$168.12 billion) as of end-April, up 0.4 percent from the previous month.From a year earlier, the April tally
June 27, 2016
-
New housing permits fall 7.3% in May
[THE INVESTOR] New housing permits in Korea registered the first on-year fall in 17 months, declining 7.3 percent in May from a year earlier, government data showed on June 27.The number of new home permits issued came to 52,713 last month, compared with 56,861 during the same month last year, according to the data compiled by the Ministry of Land, Infrastructure and Transport.This marks the first on-year drop since December 2014, when it showed a 17.7 percent on-year fall.The drop more visible
June 27, 2016
-
Daewoo Shipbuilding ex-chief summoned over accounting fraud
[THE INVESTOR] The former chief executive of Daewoo Shipbuilding & Marine Engineering was summoned by prosecutors on June 27 for his alleged involvement in the firm’s accounting fraud and poor management. Nam Sang-tae, who headed the shipyard from 2006 to 2012, appeared before the Seoul High Prosecutors’ Office as a key suspect in the ongoing probe into the ailing shipbuilder.“I will fully cooperate with the investigation,” the 66-year-old told reporters before entering the prosecutors’ office,
June 27, 2016
-
Seoul vows solid measures to tackle Brexit fallout
[THE INVESTOR] The top financial regulator said on July 27 that Korea is well positioned to tide over the unprecedented Brexit shock and vowed to take appropriate measures to minimize the fallout.Yim Jong-yong, chairman of the Financial Services Commission, said that volatility in the local financial market may continue to increase over an extended period of time but insisted Britain’s exit from the EU will have limited impact on the global financial market.“There still exists a possibility that
June 27, 2016
-
Tax revenue from gambling sector gains 4% in 2015:South Korea
[THE INVESTOR] South Korea‘s tax revenues from the local gambling industry increased 4 percent in 2015 from the previous year, data showed on June 27.According to the National Gambling Control Commission, taxes collected from gambling-related businesses, including casinos and horse race betting, reached 2.42 trillion won (US$2.06 billion) in 2015, compared with 2.32 trillion won a year earlier.Tax revenue from casinos rose 12.1 percent on-year to 478.8 billion won, while that from horse race bet
June 27, 2016
-
South Korea starts official FTA talks with Israel
[THE INVESTOR] South Korea launched official talks for signing a free trade agreement with Israel on June 27, the local trade ministry said.The Ministry of Trade, Industry and Energy said the first round of negotiations took place in Seoul, seven years after the two countries began discussions on starting FTA talks in 2009.“South Korea and Israel have complementary economic structures so that an FTA will help the two countries expand bilateral trade and investment considerably,” South Korea‘s to
June 27, 2016
Most Popular
-
1
Yoon, Lee end first talks with differences, agree to meet more
-
2
What is Hybe’s next move?
-
3
China outpaces Korea in smaller OLED shipments for 1st time
-
4
[Grace Kao] Hybe vs. Ador: Inspiration, imitation and plagiarism
-
5
[Herald Interview] Mom’s Touch seeks to replicate success in Japan
-
6
Police to open alleged stalking probe over pastor over Dior bag scandal
-
7
'Queen of Tears' finale sets record viewership ratings as tvN's most-watched series ending
-
8
[News Focus] Lee tells Yoon that he has governed without political dialogue
-
9
Seoul to deploy more military doctors to fill med prof void
-
10
Liberal bloc moves to rewrite student rights ordinance