Articles by 신현희
신현희
-
Hyundai Steel bets on excavator parts
Continuous tracks. (Hyundai Steel)Hyundai Steel is upping the ante in its earth-moving equipment parts business as it seeks to meet surging demand for excavators in emerging markets.Korea’s second-largest steel mill said Wednesday it plans to pour 94.4 billion won ($88.6 million) this year alongside its suppliers into a project to establish facilities for components such as continuous tracks, trac
Industry July 6, 2011
-
Incheon Airport Corp. buys 10% stake in Russian airport
Incheon International Airport Corp. announced Tuesday it has acquired a 10-percent stake in Khabarovsk Airport in Russia’s Far East, stepping up its charges into the development of the Russian partner.This makes the IIAC the first foreign airport operator to step into management of a Russian airport, which has been safeguarded by the government there as a national strategic industry.As the third-l
Industry July 5, 2011
-
Korea to foster indium, lithium exploration
Korea will crank up its push for exploit indium and lithium around the world by facilitating local companies’ direct investment into the two scarce metals by law, the government said Tuesday.The Ministry of Knowledge Economy said it plans to place indium, a key element of liquid crystal displays and touch-screens, on a list of 49 foreign rare metals. Lithium, used in aircraft and electric car batt
July 5, 2011
-
Korean firms cut emissions via partnerships
Ministry: 166 firms reduced 56,000 tons of greenhouse gas emissions during last 2 yearsKorea’s efforts to shrink its carbon footprint are progressing through partnerships between big and smaller companies.The Ministry of Knowledge Economy said Monday that 166 local businesses have reduced more than 56,000 tons of greenhouse gas emissions over the last two years in a green collaboration program, a
Industry July 4, 2011
-
KITA matches 10,000 jobseekers with work
The Korea International Trade Association said Sunday the number of people who found jobs through its online recruitment services has topped 10,000 in less than two years. The website, named JobTogether (http://jobtogether.net/), was opened in September 2009 as part of KITA’s campaigns to tackle labor shortages in the local trade industry and rising unemployment in Korea. As of May, 10,838 job see
Industry July 3, 2011
-
Korea pension fund to pump W250b into Titleist brand
Korea’s state pension fund is said to inject at least 250 billion won ($234.3 million) into a Korean-led consortium for its project to buy Titleist golf brand, industry sources said Sunday.The group led by Fila Korea Ltd. struck a deal with Fortune Brands Inc. in May to take over the U.S.-based liquor firm’s golf equipment unit Acushnet for $1.23 billion. Other partners include Mirae Asset Private
Industry July 3, 2011
-
Rare earths deposits found in central Korea
Korea has found rare earths reserves in the North Chungcheong and Gangwon provinces, with a sufficient supply for the next 50 years, a state-run think tank said Wednesday.The deposit in Chungju, 147 kilometers southeast of Seoul, contains 71,500 metric tons of rare earths. The one in Hongcheon in the country’s east has about 76,000 metric tons, the Korea Institute of Geoscience and Mineral Resourc
June 29, 2011
-
SK Group disposes of stake in securities unit
SK Group sold its 24-million-share stake in SK Securities Co. in a block deal on Tuesday, a move seen as a measure to preclude penalties for breaking the fair trade law. The shares owned by SKC Inc., the group’s industrial film-making affiliate, account for 7.73 percent of the total and were traded at 1,920 won ($1.77) each, about 10 percent down from Monday’s closing price. Samsung Asset Manageme
Industry June 28, 2011
-
Imperial 19 Quantum steers innovation
Imperial 19 Quantum, a leading premium whiskey brand by Pernod Ricard Korea, has won a 2011 Korea Herald Best Brand Award.The local unit of the French drinks group launched the 19-year-old whisky in November, seeking to bring change and innovation to the local market.With the name borrowed from physics ― quantum leap ― the “ultra super premium” edition targets “premiumizing” Korean consumers, shif
Special Reports June 28, 2011
-
Korea to top $1tr in trade this year: report
South Korea’s trade volume will likely cross the $1 trillion threshold this year on the back of brisk recovery, a report showed on Sunday.According to the study by the Korea International Trade Association, the country will log $561 billion in exports and $530.5 billion in imports by the end of the year. The trade surplus would amount to $30.5 billion, the association said. This would make Korea a
June 26, 2011
-
Samsung Electronics wins 2 British consumer awards
Samsung Electronics announced Sunday that it has been named the best manufacturer for portable media and home audio-visual products by U.K.-based “Which?” Magazine. Samsung outstripped other finalists ― Panasonic Corp. and Sony Corp. ― in the “Best Home Audio-Visual Brand” category. “Samsung has a strong presence across many of our product areas we cover,” the judges said. “Its innovation and atte
Industry June 26, 2011
-
Korea to foster local growth engine sectors
The government said Thursday it plans to boost support for growth industries in the country’s provincial metropolitan areas by injecting 285 billion won ($265 million) this year.The program is the latest in a string of projects that the Ministry of Knowledge Economy has pushed since 2009 to develop regional technology hubs.Under the plan, the ministry will fund nearly 20 billion won this year for
Industry June 23, 2011
-
Ministry plans heavier speeding fines
The Ministry of Land, Transport and Maritime Affairs unveiled a draft package of traffic safety measures at a public hearing in Seoul on Thursday, which consists of increased speeding fines, brighter crosswalks and tougher penalties for drunk driving. Though the number of deaths from road accidents in Korea has declined by nearly half over the last decade to about 5,500 in 2010, the figure per 10,
June 23, 2011
-
Hong named new head of KOTRA
Hong Suk-woo, a former chief of the Small & Medium Business Administration, has been named new president of the Korea Trade-Investment Promotion Agency, the trade agency said Wednesday.Hong, 58, will supervise the agency’s overall business and shore up overseas operations, concentrating on “globalizing small-and medium-sized firms to steer the era of $1 trillion trade,” KOTRA said in a statement.
Industry June 22, 2011
-
K-sure named best Asian export creditor
The Korea Trade Insurance Corporation, known as K-sure, said Tuesday it has been selected as the best Asian export credit agency by the U.K.-based Trade Finance Magazine.K-sure is one of the country’s two export-import insurance agencies other than the Export-Import Bank. It provides insurance products and project financing and issue bonds to exporters for their shipment, overseas construction wor
Industry June 22, 2011
Most Popular
-
1
Medical profs at top hospitals suspend surgeries, clinics
-
2
Exports to US reach all-time high, widen gap with China
-
3
Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
-
4
Samsung chip business back on track, logs W1.9tr operating profit in Q1
-
5
Shinsegae faces showdown with investors over SSG.com's delayed IPO
-
6
[Music in drama] Rekindle a love that slipped through your fingers
-
7
Hopes rise for possible Gaza truce deal
-
8
S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
-
9
[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
-
10
On May Day, labor unions blast Yoon's foreign nanny proposal