The Korea Herald

Russia looks into adopting LSIS smart grid technology for urban development

IndustrySept 18, 2014

United Energy Co., a Russian power equipment provider, visited LS Industrial Systems to review power solutions including smart grids for Moscow’s urban development. Andrey Vladimirovich, the chief e...
Korean firms’ brand awareness improves: Productivity Center

IndustrySept 17, 2014

The state-run Korea Productivity Center published the National Brand Competitiveness Index for 206 major brands in 59 industries in the nation early this month. The NBCI, an index that measures bran...
Apple Pay could struggle in Korea

IndustrySept 14, 2014

Apple’s ambitious mobile payment service Apple Pay may need some time to see any success in the growing local mobile payment market due to iPhone’s low penetration rate, the difficulty of building pa...
[Graphic News] Cigarette prices to rise in Korea

IndustrySept 11, 2014

The Ministry of Health and Welfare said Thursday it planned to raise prices by 2,000 won ($1.90) from January. South Korea’s tax ratio on cigarette prices is below the World Health Organization’s re...
Car insurance fees must be revised: association chief

IndustrySept 11, 2014

The new chief of the General Insurance Association of Korea said he would make it his goal to improve the business environment for automobile insurance in the domestic insurance industry. “An accumu...
[Herald Interview] Korea faces household debt crisis

IndustrySept 5, 2014

The vexing debt problem has come back to haunt the Korean economy. Back in the late 1990s, the economy suffered from humongous corporate debts, but this time, the mounting household debt has set alar...
Samsung’s IT affiliates lose nearly W20tr in market cap

IndustrySept 4, 2014

Korea’s largest conglomerate Samsung Group’s IT affiliates lost nearly 20 trillion won ($19.6 billion) from falls in their share prices since July, data showed Thursday, amid worries that the lagging...
Lotte Duty Free launches in Japan with Kansai outlet

IndustrySept 4, 2014

Lotte Duty Free Shop, the world’s fourth-largest duty-free chain, said Thursday it has opened a store in Japan’s Kansai International Airport as part of its global expansion drive. Lotte Duty Free a...
Korea’s automobile exports plunge in August

IndustrySept 4, 2014

South Korea’s auto exports dropped sharply from a year earlier in August as output equally fell, the trade ministry said Thursday. Outbound shipments of cars fell 18.8 percent on-year to 182,795 uni...
Korean economy grows 0.5% in Q2: BOK

IndustrySept 4, 2014

South Korea’s economy expanded 0.5 percent in the second quarter from three months earlier but at the slowest pace in over a year, central bank data showed Thursday. Korea’s gross domestic product, ...
Korean households earn less from interest profit

IndustrySept 4, 2014

South Korean households saw their income from interest-paying financial products drop by 13 trillion won ($13 billion) over the last nine years, data showed Thursday, reflecting the country’s low int...
Agriculture, forestry output inches up in 2013

IndustrySept 4, 2014

Overall output by the country’s agriculture and forestry industries moved up slightly from a year earlier in 2013, with a rise in agriculture production more than offsetting a drop in the production ...
Industry, green groups slam emissions policies

IndustrySept 3, 2014

Both industry and environmental groups have criticized the government’s latest road map for emissions reduction. The government said Tuesday that it would begin its carbon emissions trading scheme f...
Korea to delay low-carbon car incentive plan

IndustrySept 2, 2014

South Korea will delay implementing its low-carbon vehicle incentive system until 2020 to minimize the fallout for customers and the automobile industry, government policymakers said Tuesday. The an...
[Graphic News] Korea’s household debt continues to rise

IndustrySept 1, 2014

South Korea’s household debt is increasing on account of the government’s latest push to boost the housing market and due to a rate cut, according to industry watchers. The total mortgage loans issu...