The Korea Herald

안녕하세요 Shin Hyon-hee 기자입니다.

Articles by Shin Hyon-hee

KHNP hosts industry summit, steps up safety

IndustryMar 23, 2012

Korea Hydro & Nuclear Power Co. said it has been stepping up its efforts to boost safety and energy security as the operator of the country’s 23 nuclear power plants. The state-run utility hosted the two-day Nuclear Industry Summit in Seoul on Friday, setting the stage for leaders from across the globe to share their experience and knowledge in enhancing the safety of atomic power ahead of the N...
Bosch seeks more independence in Samsung car battery venture

IndustryMar 20, 2012

Robert Bosch GmbH, the world’s biggest car-parts supplier, is in discussions with joint venture partner Samsung SDI Co. about producing more electric car batteries independently of each other. Bosch has been discussing greater autonomy from its partner in the SB Limotive joint venture for at least a month as it seeks to react more quickly to customers’ demands, Udo Ruegheimer, a spokesman for th...
Hyundai Mipo reaches milestone of 600th ship delivery

IndustryMar 19, 2012

Hyundai Mipo Dockyard Co., a Korean shipbuilder, on Monday set a milestone in vessel construction with the delivery of its 600th product in just 14 years. The affiliate of Hyundai Heavy Industries Co., the world’s largest shipyard, said it handed over a container vessel with a capacity of 1,000 twenty-foot equivalent units to CK Line Co., a Seoul-based shipping line. The accomplishment came onl...
Nuclear issue creeps up agenda for April election

IndustryMar 18, 2012

Opposition leader vows to curb use of atomic power, experts warn of political motivation In an increasingly volatile race for parliament, nuclear power is creeping up the political agenda as opposition lawmakers seek to exploit growing safety jitters to retake power in next month’s vote. Concerns about the safety of the nuclear industry are rife after news broke last week that plant operators h...
Reactor blackout fans nuclear safety concerns

IndustryMar 15, 2012

The government came under pressure as a soaring number of Koreans are casting doubt on atomic energy after plant operators were found to have attempted to conceal power loss at a nuclear reactor in Busan. Despite no damage or radiation leakage, the accident infuriated the public and anti-nuclear protesters. They raised questions over the public workers’ integrity and whether they are prepared fo...
‘FTA will create momentum for economy’

Mar 14, 2012

KITA chairman forecasts herald interview 7-8 percent growth for Korea’s trade volume This is the second of a series of interviews of top officials on FTAs in light of the Korea-U.S. FTA taking effect. ― Ed. Despite persistent signs of fragility clouding the world economy, free trade pacts will lend a fresh impetus to Korea and its counterparts, said Han Duck-soo, chairman of the Korea Internati...
Seoul’s office market strongest in Gangnam

IndustryMar 13, 2012

Economic growth in Korea continued to wane through 2011. But although the region’s manufacturing activity and private spending and investment weakened, the Asia-Pacific office market ended 2011 with a solid upturn in leasing activity. Rent growth was sustained in most markets and strengthening demand fueled flat to declining vacancies. “Office Space Across the World,” one of Cushman & Wakefield...
Haiti takes lesson from Korea’s real-estate system

IndustryMar 13, 2012

Recent TV coverage of youngsters singing and dancing along with K-pop idol groups during their recent performances in France has left a deep impression on many Koreans. The Korean Wave is not limited to K-pop; it has also been brought about by Korean dramas. Yet there is another area about to create an additional wave, which is Korean cadastre, a comprehensive record of real estate based. Haiti...
Moonbaesool blends soju with tradition, pride

IndustryMar 13, 2012

Intangible cultural heritage heir looks to international markets Soju has long been a favorite drink of Koreans across all spectrums of society. Its crisp, bittersweet flavor and relatively low price often tempt all from the rank and file to CEOs and presidents in times of economic crisis and personal struggle. Moonbaesool Brewery Co.’s hand-made soju is one of the oldest distilled liquors here...
Gasoline tax cut debate resurfaces

Mar 11, 2012

More Koreans demand tax cut, while policymakers see little benefit Sky-high oil prices are reigniting debate over a fuel tax break, pushing policymakers toward a tricky decision in a crucial election year. With petrol prices across the country setting new records by the day, low-income earners and professional drivers are increasingly blaming their hardships on taxes, which account for more tha...
Hotels under antitrust probe

IndustryMar 8, 2012

The Fair Trade Commission has launched an investigation into the country’s seven top-rated hotels in Seoul on suspicion of colluding to rig the prices of their wedding packages and rooms, according to industry sources and reports Thursday. The seven hotels are Lotte Hotel Seoul, Lotte Hotel World, The Shilla Seoul, The Westin Chosun Seoul, Sheraton Grande Walkerhill, W Seoul-Walkerhill and The P...
Hanwha Group names 5 new CEOs

IndustryMar 7, 2012

Hanwha Group said Wednesday it has appointed new chief executives of its five affiliates as part of its sweeping reshuffle aimed at reinforcing its charge into sunrise industries. The Korean conglomerate said it also promoted 102 employees to executive positions, up from 90 last year. The new commanders-in-chief are Shim Kyung-seop at the group’s industrial powder unit, Park Se-hoon at Hanwha G...
BAT cuts prices of Vogue amid sales drop

IndustryMar 7, 2012

British American Tobacco Korea plans to lower the prices of its Vogue cigarettes less than a year after a controversial markup that triggered a plunge in sales and a customer migration to rivals. The local unit of the multinational tobacco giant said Wednesday it would bring the prices of Vogue back to 2,500 won ($2.20) per pack, down from 2,700 won, starting Monday. The pullback is aimed at be...
Retail gasoline prices reach new monthly high in Feb.

Mar 6, 2012

Retail prices of gasoline in Korea hit a fresh monthly record in February on the back of escalated tensions surrounding Iran and upbeat economic figures from the U.S. and China, data showed Tuesday. According to the state-run Korean National Oil Corp., the average price of regular gasoline was 1,986.54 won ($1.77) per liter last month, up 5.52 won from the previous high logged in November. That ...
$Doosan Infracore to build R&D lab in China$

Doosan Infracore to build R&D lab in China

IndustryMar 6, 2012

Doosan Infracore Co. said it broke ground on Tuesday for its first research and development center in China, spurring its foray into one of the world’s fastest growing construction equipment markets. The laboratory, which will sit on an 8,000-square-meter site in Yantai, eastern China, will be devoted to developing wheel loaders, the Korean engineering firm said. Construction will be completed b...