The Korea Herald

안녕하세요 Park Hyung-ki 기자입니다.

Articles by Park Hyung-ki

U.S. Olympians sue Samsung for damages

Apr 27, 2012

Samsung Electronics said on Friday that it has taken all necessary legal steps for the launch of its Facebook app, named the U.S. Olympic Genome Project. “As an Olympic sponsor, the company has followed the necessary protocol with the Olympic Committee and with the sports athletes before launching the app,” its spokesperson said. In a separate statement released to the media, Samsung Electronic...
SK chief Chey encourages workers to create ‘legend’

IndustryApr 26, 2012

SK Group chairman Chey Tae-won has sent words of encouragement to the group’s subsidiaries ― SK Telecom, SK Planet and SK Hynix. In a letter posted on SK Telecom’s bulletin this week Chey told his executives and employees that he is proud of the No. 1 mobile operator’s successes, such as the spin-off of the telecom’s mobile platform unit ― SK Planet ― and the takeover of Hynix Semiconductor, Kor...
Elevator Institute forms panel for Korea Lift Expo

Apr 26, 2012

Korea Elevator Safety Institute has launched the Korea Lift Safety Expo Committee to ensure a successful opening of its event in October, its press release said. Under the theme of “Green City Week,” the expo will be held for four days from Oct. 23 at Coex in southern Seoul. The event will feature not only exhibitions of elevators and escalators from companies around the world, but also constru...
ING Life Korea gets closer to customers

Apr 25, 2012

ING Life Korea is aiming to get close and personal with its existing and potential customers by further “opening its ears” to hear their needs in financial planning. The Korean subsidiary of the global life insurer is boosting in-house training not only for financial consultants but also for executives, in an effort to boost customer relations, its press release said. In addition to the 180-day...
FTC warns conglomerates against price-fixing

Apr 24, 2012

Korean companies fined over 2 trillion won for global cartelism Korea’s Fair Trade Commission said on Tuesday that cartelism among industry peers will bring nothing but harsh penalties for executives found guilty of price-fixing in global markets. An FTC official said that cartelism is illegal in any country, adding that even the temptation of price collusion to reap short-term profit is not wo...
Chung Mong-koo Foundation supports poor, sick children

Apr 24, 2012

Charity to assist children suffering from rare diseases The Chung Mong-koo Foundation, funded by Hyundai Motor Group chairman, plans to boost its support of children from low-income families or with rare diseases as part of its social contribution efforts, a press release said on Tuesday. Chairman Chung created the charity organization last year to help poor students. The foundation said some 5...
Kim MS shares rally on presidential run

Apr 23, 2012

Regulators, analysts caution investors against politically-driven stocks Manufacturing, materials and rail shares linked to Kim Moon-soo rallied across the board on Monday, following the incumbent Gyeonggi governor’s official announcement that he will run for the presidency at the end of the year. The jump has led the Financial Supervisory Service to strengthen its oversight over political-them...
UNESCAP pursues sense of community

Apr 23, 2012

Agency reaches out to SoftBank, POSCO for infrastructure in Mongolia SONGDO, Incheon ― Two years have passed since the United Nations Economic and Social Commission for Asia and the Pacific, Northeast Asia subregional office was established in Songdo. After making connections and contacts with regional think tanks, academics and the private sector, the real challenge is still ahead for Dr. Kila...
Korean food gets ‘C’ in test of public opinion

IndustryApr 22, 2012

Korean food has been graded “C” among international cuisine, despite the government’s efforts to promote its cuisine worldwide, according to the Ministry for Food, Agriculture, Forestry and Fisheries on Sunday. Citing a survey of 593 people in five countries on 12 national foods, Korean food got only 73.2 points out of 100 in terms of taste, look, price and service. It ranked seventh in the mini...
100 large stores closed Sunday under new law

IndustryApr 22, 2012

More than 100 supermarkets closed on Sunday in accordance with a new law aimed at protecting small retailers, according to media reports. E-Mart, Korea’s biggest supermarket chain and part of Shinsegae Group, closed 44 of its 137 retail stores nationwide, while Homeplus, part of British retailer Tesco, shut 44 stores. Lotte Group’s Lotte Mart, meanwhile, closed 30 of its chains. The number of s...
Hankook Tire mulls holding company

IndustryApr 22, 2012

Hankook Tire is looking to spin off into a holding company and a tire business-focused entity, according to a regulatory filing and media reports. The holding company is likely to be a non-tire entity that will focus on venturing into new business areas, market watchers speculated. The listed Korean tire giant filed a disclosure on the Korea Exchange on Friday, saying that it was considering a ...
EN Technologies aims to grow into global power equipment maker

IndustryApr 20, 2012

Samsung, LG-invested tech company eyes IPO, joint ventures Going global may not be an easy task for a small company, but EN Technologies, a Korean electric power equipment and parts developer, wants to prove that nothing is impossible for a venture tech firm like itself. “My goal, at a personal level, is to show that even a venture firm in Korea can truly become a global enterprise like U.S. co...
Hyundai Steel to boost export to Southeast Asia

IndustryApr 18, 2012

Hyundai Steel will boost its exports to Indonesia to 340,000 metric tons of hot-rolled steel annually, its press release said. This comes as Hyundai Steel signed a memorandum of understanding to supply its steel to PT Essar Indonesia in the region where the Korean steel-maker also has two other customers, its spokesperson said. Essar is the largest cold-rolled steel producer in Indonesia, accor...