Articles by Jo He-rim
Jo He-rim
herim@heraldcorp.com-
Samsung promotes execs in 30s, 40s in push for change
Samsung Electronics on Tuesday promoted a total of 187 executives in a year-end reshuffle, including young leaders in their 30s and 40s, in an apparent attempt to push for change amid business uncertainties next year. The total number slightly decreased from last year’s 198, but more research and development specialists were promoted. “We carried out an executive reshuffle based on their performance and growth potential with an aim to strengthen the company’s readiness for the
Industry Dec. 6, 2022
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[Newsmaker] Marketing specialist named Samsung’s first female president outside founding family
Samsung Electronics on Monday appointed a female president, its first who is not a member of the founding family, in a year-end reshuffle that put emphasis on elevating young leaders based on their performances. Lee Young-hee, now president and head of global marketing, is a veteran marketer who joined Samsung in 2007 after serving in various roles at global companies, including Unilever and L’Oreal. The 58-year-old is known for playing a leading role in elevating the awareness of Samsung&
Technology Dec. 5, 2022
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Korean delegation departs for US to discuss EV subsidies
A South Korean delegation consisting of government officials and lawmakers departed for Washington on Sunday to meet their US counterparts and discuss ways to minimize the impact of the Inflation Reduction Act against local carmakers. The five-day trip aims to put more pressure on the US Congress to revise the controversial bill, which has scrapped generous incentives for electric vehicles made outside of the US. Korean automotive duo Hyundai and Kia, which currently operates no production base
Industry Dec. 4, 2022
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Top 10 chaebol groups still reliant on internal trade
South Korea’s top 10 chaebol groups are still reliant on internal transactions -- a frequent target of antitrust scrutiny -- with their combined trade volume making up more than 10 percent of their total sales. According to the Fair Trade Commission on Thursday, transactions among affiliates of the nation’s 10 largest conglomerates stood at 156 trillion won ($120 billion) last year, a 15.1 percent jump from a year ago. The steep increase was due to their overall sales growth. The rat
Industry Dec. 1, 2022
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Samsung foldable phone sales for corporate use double
Samsung Electronics said Wednesday sales of its foldable phones for corporate use more than doubled on-year, partly because more companies have adopted remote working policies in the wake of the COVID-19 pandemic. From January to October, sales of Galaxy Z Fold and Galaxy Z Flip phones jumped by 105 percent compared to the same period in the previous year, the world's largest smartphone maker said. The Galaxy Z Fold4 and Galaxy Z Flip4 -- the latest versions rolled out this year -- led to t
Industry Nov. 30, 2022
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SK Telecom, Singapore's Singtel join hands for metaverse push
South Korean telecom giant SK Telecom said Tuesday it forged a partnership with Singapore’s largest mobile carrier Singtel to expand its metaverse service into the Asia-Pacific region. Singtel operates in 21 countries to provide mobile communication and high-speed internet services to about 770 million users around the world. Under their partnership, the two sides agreed to work together on initiating a metaverse project in Singapore and extend the project in the Asia-Pacific region overal
Technology Nov. 29, 2022
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South Korea’s chip exports dwindle as dependence on China increases
South Korea is heavily reliant on China for its semiconductor exports, and it should diversify its overseas markets to mitigate associated risks of decline in trade with the neighboring country, a report said on Monday. According to statistics released from the Korea International Trade Association, South Korea’s semiconductor exports to China from January to September was $42 billion, rising 1.7 percentage points from the previous year becoming 40.6 percent of the country's total vol
Industry Nov. 28, 2022
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[Herald Interview] Backing peninsular peace, Kenya sees Koreas as ‘brothers and sisters’
Kenya seeks to be in “sync” with South Korea on all the issues it stands for, and wants to build stronger ties in politics, the economy and culture, said Alfred Mutua, Kenya’s Cabinet secretary for foreign affairs. “Kenya believes in the principle of peace and prosperity; we support Korea's position about the peninsula. ... Issues that Korea stands for are the same issues that we stand for,” Mutua said in an interview with The Korea Herald on Thursday. Mutua wa
Foreign Affairs Nov. 28, 2022
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Indian ambassador, Korea Herald agree to join efforts to raise country awareness
Indian Ambassador to South Korea Amit Kumar and The Korea Herald CEO Choi Jin-young agreed to explore together opportunities for cooperation and to join efforts in raising awareness of India in South Korea and vice versa, in their meeting in Seoul on Friday. The Indian ambassador who was newly appointed in September also expressed a desire to strengthen the bilateral relations between India and South Korea, which celebrate its 50th anniversary next year. "I firmly believe that India, curren
Foreign Affairs Nov. 25, 2022
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Kim Yo-jong calls Yoon ‘idiot,’ threatens Seoul calling it ‘target’
Kim Yo-jong, the sister of North Korean leader Kim Jong-un, called South Korean President Yoon Suk-yeol an “idiot,” and threatened to make Seoul its “target,” in a statement Thursday. Criticizing the Yoon Suk-yeol administration for its hostile North Korea policy aimed at deterring its nuclear program, Kim, the vice department director of the Central Committee of the Workers' Party of Korea, said imposing sanctions against her regime is not the way for Seoul to ach
North Korea Nov. 24, 2022
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South Korea, Kenya agree to boost economic cooperation
Leaders of South Korea and Kenya on Wednesday agreed to expand economic exchanges in the areas of energy, defense and transport in the first bilateral summit that came in 32 years. South Korean President Yoon Suk-yeol requested Kenya's interest in having more Korean energy and defense companies work on state-led projects, while Kenyan President William Ruto asked for Korea's cooperation in the African country's interest in nuclear energy and smart transport systems, the presiden
Foreign Affairs Nov. 23, 2022
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Kim’s ‘beloved daughter' is second child, born in 2013: NIS
The young girl who was holding hands with North Korean leader Kim Jong-un at a missile test site, in photos released by Pyongyang’s state media, is Ju-ae, Kim’s second daughter, South Korea’s spy agency confirmed Tuesday. On Friday, Korean Central News Agency, North Korea’s state-run media released a slew of photos of the North Korean leader holding hands with a young girl wearing a white jacket and red shoes. The news agency said Kim inspected the launch of its new strat
Foreign Affairs Nov. 22, 2022
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As world condemns NK missile launch, Pyongyang criticizes UN chief as ‘puppet’ of US
As the United Nations Security Council was to convene an open meeting on Monday to discuss countermeasures to North Korea’s latest launch of an intercontinental ballistic missile, Pyongyang denounced the UN chief as “not impartial,” calling him a “puppet” of the United States. The Korean Central News Agency on Monday delivered a statement issued by North Korean Foreign Minister Choe Son-hui, where she denounced UN Secretary-General Antonio Guterres for his condemnat
Foreign Affairs Nov. 21, 2022
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Kim Jong-un revealing daughter for first time shows his confidence, experts say
North Korean leader Kim Jong-un revealed his daughter to the world for the first time on Saturday, in photos of him holding a young girl’s hand as he inspected the launch of an intercontinental ballistic missile. Experts say the unexpected event manifests Kim’s confidence in his missile program, and that it could possibly signal the beginning of her training for leadership succession. The Korean Central News Agency, Pyongyang’s state media, said on Saturday Kim observed the
Foreign Affairs Nov. 20, 2022
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North Korea stole $620m of crypto in March to fund missiles: NK special envoy
North Korea stole $620 million in cryptocurrency from hacking a game company in March, which was likely used to fund the launching of dozens of ballistic missiles it fired in the first half of this year, Seoul’s special envoy for North Korea said Thursday. Speaking at a symposium on North Korea’s cyber threats jointly held by the Ministry of Foreign Affairs and the US State Department for the first time, Kim Gunn, special representative for Korean Peninsula peace and security affairs
Foreign Affairs Nov. 17, 2022
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