Articles by Shin Ji-hye
Shin Ji-hye
shinjh@heraldcorp.com-
Posco promotes SsangYong’s new Korando
South Korean steelmaker Posco has launched a joint promotion on Wednesday to promote SsangYong Motor’s new sport utility vehicle Korando, by exhibiting them in its headquarters in Seoul. This promotion is part of Posco’s campaign “Business with Posco” aimed for mutual growth with its partners, clients and suppliers. Posco Chairman Choi Jeong-woo (right) and SsangYong Motor's Vice President Yea Byung-tae (Posco)On the day, Posco Chairman Choi Jeong-woo joined a test-drive event of SsangYong’s new
Industry March 20, 2019
-
LS Cable & System launches eco-friendly cable for vessels
LS Cable & System said Tuesday it has launched cables capable of supplying shore-side electricity to vessels with the hope of replacing the conventional ways of power supply that results in air pollution. The cable is used to supply vessels anchored at a port with power from shore-side facilities. (LS Cable & System)The firm hopes this will replace the conventional way of generating power, which is made during the operation of the engine using bunker C oil as fuel. During this process, air pollu
Industry March 19, 2019
-
Hyundai, Kia invest $300m in India’s mobility service provider
Hyundai Motor Group said Tuesday it will invest $300 million in India’s largest ride-hailing platform Ola, its biggest investment so far.Under the agreement, Hyundai Motor, Kia Motors and Ola will collaborate on developing fleet and mobility solutions, as well as building India-specific electric vehicles and infrastructure, the firm said.Chung Eui-sun (right), executive vice chairman of Hyundai Motor Group, and Bhavish Aggarwal, co-founder and CEO of Ola (Hyundai Motor)Through the partnership, O
Industry March 19, 2019
-
LG partners with Gwangju City to foster air-purifying ecosystem
LG Electronics has partnered with Gwangju City to foster an industrial ecosystem focused on air quality, amid growing concerns over air pollution in South Korea, according to the government.Fostering such an industrial ecosystem is one of the government’s regional initiatives to stimulate the recovery of 14 regions that are facing industrial hollowing out. The effort will focus on the development of technologies and products for air purifiers, humidifiers and dehumidifiers amid growing demand fo
Industry March 18, 2019
-
Posco Daewoo rebranded as Posco International
Posco Daewoo has decided to rebrand itself as Posco International during a general shareholders meeting, according to the trading arm of South Korea’s largest steelmaker Monday. The firm said the change of the name is aimed at shaping its identity as a global trading company, leading global business of Posco Group and raising the future valuation. Posco International CEO Kim Young-sang (Posco International)“The launch of Posco International is an important momentum to create synergies with overs
Industry March 18, 2019
-
South Korean conglomerates’ cash reserves hit record high
South Korea’s largest 10 conglomerates held record-high cash reserves last year, as they earned more on thriving chip businesses but spent less on fears of a sluggish economic outlook.According to local corporate tracker Chaebul.com on Sunday, the nation’s 10 biggest business groups by assets had combined cash reserves of around 248 trillion won ($218 billion) last year, up 12.2 percent from 2017, based on the consolidated financial statements of their 95 affiliates. The cash reserves in consoli
Industry March 17, 2019
-
[Weekender] Itaewon’s identity wanes in the wake of gentrification
Late on a Saturday afternoon, Itaewon was nothing like the way it is described in most Seoul tourism books. People could be seen walking down the street in sparse numbers. Stores were almost empty. Some had gone out of business and displayed “for rent” signs in their windows. Granted, this neighborhood is better known for its nightlife, but it was too quiet for a place once known as a “magnet” for expats and locals alike. An owner of a souvenir shop on the neighborhood’s main street told The Kor
Culture March 14, 2019
-
Korea asks Google to change unfair terms for YouTubers’ content
The Korea Fair Trade Commission said Thursday it asked Google to change some of its terms and conditions related to copyright infringement, as the first competition authorities in the world to do so. Google’s video-streaming platform currently allows the firm to arbitrarily delete and reuse video posted by users.The antitrust watchdog said it is unfair that even if a user deletes his or her video, YouTube can still possess and use that video. It is also unfair that YouTube can arbitrarily delete
Industry March 14, 2019
-
LPG vehicles to be allowed for everyone in Korea
Under legislation passed Wednesday morning, anyone in South Korea can now buy a liquefied petroleum gas-fueled vehicle. Previously, only taxis and rental cars could use LPG fuel. The bill, proposed by Rep. Yoon Han-hong of the main opposition Liberty Korea Party and calling for the complete deregulation of LPG vehicles, passed during the plenary session of the National Assembly’s industry committee. (Yonhap)Yoon proposed the bill in 2016, citing a growing need to expand consumer choices, supply
Industry March 13, 2019
-
Antitrust watchdog chief to share competition policies with European counterparts
The Korean Fair Trade Commission chief is slated to share the nation’s competition policies and law enforcement with European nations during his seven-day trip to the continent this week. During his stay, Kim Sang-jo is slated to have a bilateral meeting with the European Union’s top antitrust official, give a keynote speech at the International Workshop on Competition Policy in Serbia and participate as a speaker at the International Conference on Competition held in Berlin. On Sunday, Kim Sang
Industry March 11, 2019
-
Kakao, taxi drivers deal may set bad precedent: SoCar CEO
Lee Jae-woong, founder and CEO of car-sharing app SoCar, said the latest deal struck by taxi unions and car-sharing service providers may set a bad precedent as it appears to restrict business activities already allowed under the current law. After a monthslong dispute, an agreement was reached Thursday among the government, lawmakers, taxi companies and car-sharing firms to allow a car-sharing service for four hours daily on weekdays, in a move that hopes to end protests from taxi drivers claim
Industry March 8, 2019
-
HHI strikes deal with KDB to take over DSME
Hyundai Heavy Industries Group said Friday it closed a deal with the state-run Korea Development Bank to take over Daewoo Shipbuilding & Marine Engineering. HHI CEO Kwon Oh-gap and KDB Chairman and CEO Lee Dong-gull announced a joint statement, pledging employment security for DSME workers and continued relationships with DSME’s current business partners. (Yonhap)“The decision to welcome DSME to the HHI Group is deeply rooted in our belief that it is a mission given to our group, as the trailbl
Industry March 8, 2019
-
LG Chem to issue corporate bonds worth W1tr
LG Chem announced Thursday it plans to issue corporate bonds worth 1 trillion won ($885 million). The Korean firm said it decided to increase the initially planned 500 billion won of corporate bonds to 1 trillion won after carrying out “demand forecasting” for institutional investors this week. (LG Chem)The demand from investors stood at a total of 2.64 trillion won, the largest since Korea adopted the demand forecasting system in 2012, the firm said. By segment, it plans to issue 160 billion wo
Industry March 7, 2019
-
Jim Rogers unfazed by summit collapse, says NK still attractive
Jim Rogers, a famed investor and chairman of Rogers Holdings, said a unified Korea is just around the corner and the Korean Peninsula will be the world’s most attractive place to put money on. Describing the botched US-North Korea summit in Hanoi last week as only a “bump in the road,” Rogers said the reunification of the two Koreas is already happening. “It’s a delay and it’s something that’s inevitable. It’s going to happen. ... North Korea wants it, South Korea wants it, China wants it (and)
Industry March 6, 2019
-
LS Cable & System bets on EV parts business
LS Cable & System is slated to sell a 49 percent stake in its subsidiary LS Alsco to local private equity fund Keistone Partners with the aim of securing capital to foster its electric vehicle parts business, according to a regulatory filing on Wednesday. The company will retain a 51 percent stake in LS Alsco and the sale is expected to be fetch 30.9 billion won ($27 million). LS Alsco, which specializes in aluminum, will expand its business into related materials for EV parts. LS Cable & System
Industry March 6, 2019
Most Popular
-
1
Korean industries gauge impact of Biden's steep tariffs on China
-
2
Do Korean doctors make too much money?
-
3
Is FTC's conglomerate listing a boon or bane for Hybe?
-
4
NewJeans to headline palace show
-
5
Coupang's Kim Bom escapes chaebol chief designation again
-
6
Why Korean crime stories typically feature nameless, faceless perpetrators
-
7
Rare mid-May heavy snow warning issued over mountainous areas of Gangwon
-
8
CIO chief nominee to explain allegations at confirmation hearing
-
9
Debate on 'no-seniors zones' heats up
-
10
Yoon vows to run country 'rightly' on Buddha's birthday