The Korea Herald

[Herald Interview] ‘Security concerns should not delay mobile messenger payment’

IndustryAug 31, 2014

The Korean government is advised to push for the growth of the mobile payment market, not to hold back on security concerns. “Too many concerns over security online may hamper the mobile massenger p...
KDB helps finance high-tech start-ups

IndustryAug 28, 2014

The state-run Korea Development Bank is actively promoting technology financing in a bid to keep up with the government’s latest efforts to boost high-tech start-ups that have trouble securing funds....
Korea’s duty-free allowance raised to $600

IndustryAug 27, 2014

The duty-free allowance for travelers entering South Korea will be raised to $600 from the current $400 on Sept. 5, the Ministry of Strategy and Finance said Wednesday. This is the first time that th...
[Herald Interview] Korea’s agricultural community revival movement goes global

IndustryAug 26, 2014

South Korea’s iconic community development movement ― Saemaul Undong ― is to be expanded to developing countries in a joint effort with the International Fund for Agricultural Development, according ...
Pro football governing body approves conglomerate Eland's proposal

SoccerAug 22, 2014

The nation's governing body of professional football on Friday approved a proposal by a local business conglomerate to found a new club for next season. In its board meeting, the K League gave the g...
KEPCO to lay Korea-Japan undersea power grid

IndustryAug 22, 2014

South Korea’s state-run utility giant Korea Electric Power Corp. is pushing ahead with an undersea power grid project between South Korea and Japan in an effort to export electricity to the neighbori...
Defense ministry finds hacking attempts against its reporters

DefenseAug 22, 2014

Unidentified hackers, suspected to be based in China, have been caught trying to steal data from media reporters covering South Korea's Ministry of National Defense, ministry officials said Friday. ...
Korea’s card spending at W50tr in July

Aug 21, 2014

South Korea’s card spending stood at around 50 trillion won ($48 billion) last month, up by 2.4 trillion won ― or 5.1 percent ― from the same period last year, according to the Credit Finance Associa...
Chinese tourists on track to spend W30tr in 2020

IndustryAug 20, 2014

Chinese tourists shop at a duty-free store in downtown Seoul. (Yonhap) Chinese tourists are expected to spend over 30 trillion won ($29 billion) in the domestic market in 2020, according to industry...
Lotte vice chief to meet Myanmar’s deputy minister

IndustryAug 19, 2014

The Myanmarese economic deputy minister is expected to meet with Lotte Group’s vice chairman Lee In-won in early September when he visits here. The two are expected to discuss business opportunities ...
[Herald Interview] Central Asia, Korea bolster forest partnership

IndustryAug 18, 2014

South Korea aims to bolster its forest partnership with Central Asia by sharing its forest expertise and boosting cooperation in restoring the region’s damaged forest ecosystem, the national forestry...
Korea to expand corporate pension plan

IndustryAug 17, 2014

The government is expected to unveil an improved corporate pension plan at the end of this year with an extension of corporate pension plans and deregulation on the of their operations. Under the pr...
Ex-LIG chief may head insurance association

IndustryAug 14, 2014

A former CEO of LIG Insurance is expected to become the new head of the General Insurance Association of Korea, according to industry sources Thursday. The sources said that one of the two candidate...
Trade volume between Korea, Japan drops

IndustryAug 14, 2014

South Korea’s trade volume with Japan has seen a decline recently on the back of a weak yen and Seoul’s reduced reliance on importing industrial parts and materials from the country, according to the...
Finance minister urges Assembly to pass economic stimulus bills

IndustryAug 8, 2014

Choi Kyung-hwan, the deputy prime minister for economic affairs and finance minister, urged economic ministers Friday to step up their efforts to help pass economic stimulus bills pending in the Nati...