Articles by Shin Ji-hye
Shin Ji-hye
shinjh@heraldcorp.com-
Korea aims to attract W80tr at free economic zones by 2027
Korea aims to attract a total of 80 trillion won ($71.2 billion) of investment from both Korean and foreign companies to the nation’s free economic zones over the next decade by attracting Korean anchor companies and giving more benefits to new industries and service sectors, according to the government on Monday. Korean Free Economic Zones are specially designated areas created to improve the business and living environment for foreign-invested firms in Korea. Since the inauguration of an
Economy Nov. 5, 2018
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SK hynix develops world’s first 4D NAND flash
SK hynix has developed the world’s first 4D NAND flash memory using both Charge Trap Flash and Peri Under Cell technologies, with a plan to start mass production this year, according to the chipmaker on Sunday. SK hynix said it developed 96-layer 512-gigabit NAND flash, named CTF-based 4D NAND Flash to distinguish it from current 3D NAND flash technologies.SK Hynix’s 96-layer 512-gigabit NAND flash (SK hynix)The NAND flash memory chip is widely used for the storage of mobile devices and data cen
Technology Nov. 4, 2018
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Korean tech giants under pressure to go renewable
Korean tech firms are under increasing pressure from global companies, environmental activists, local governments and politics to expand the use of renewable energy, reflecting growing calls to protect the environment and fight climate change. Last week, Korean chipmaker SK hynix announced it would obtain its power 100 percent from renewable resources for its overseas plants by 2022 and reduce greenhouse gas emission by 40 percent in its business sites in Korea. SK hynix became the second electr
Industry Nov. 4, 2018
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[Weekender] Korean medicine: How it all comes together
Lee Noh-hyun, 32, who introduces himself as a “taeeumin,” or a person with the taeeum physiological type, said he has been trying to eat more beef and less chicken and pork since he was told of his type by his Korean medicine doctor. “Although I don’t have blind faith in the relation between the diet based on physiological type and health, I can’t still completely ignore it because Korean medicine, I believe, is reliable to some degree,” he said. Lee is one of many Koreans who have had their ph
Industry Nov. 1, 2018
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KOTRA to host events in US for Korean car parts suppliers
KOTRA is set to host two networking events this week in the US to connect Korean car parts suppliers with American business and trade experts, according to the government agency on Monday. (KOTRA)The events are a response to recent changes in the US automobile market, which are expected to have a severe impact on Korean companies. In May, the US began inspections of imported automobiles and parts with the aim of limiting the country’s dependency on imports. The United States-Mexico-Canada Agreem
Industry Oct. 29, 2018
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Despite hurdles, preparations needed for NK resources development: experts
Despite uncertainties stemming from UN sanctions against the North, preparations should still be made for resources development in North Korea, such as setting up an inter-Korean cooperative body, personnel exchanges and joint research, South Korean mineral experts have said.Speaking at a forum last week, they said approaches to North Korea for co-development should focus on persuading the North of its benefits.Since the inter-Korean summit last month, expectations are high in the South that, as
Industry Oct. 28, 2018
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KITA hosts networking event for German, Korean companies
The Korea International Trade Association and the Korean German Chamber of Commerce and Industry co-hosted a networking day in Seoul on Thursday to match German companies with Korean startups, according to KITA on Friday. Representatives of German and Korean companies listen to a presentation at a networking event co-hosted by the Korea International Trade Association and the Korean German Chamber of Commerce and Industry on Thursday in Seoul. (KITA)The event was attended by German companies inc
Industry Oct. 26, 2018
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Construction experts gather to discuss how to achieve rebound in global market
Representatives of South Korean construction companies and related associations gathered at a forum hosted by KOTRA on Wednesday to discuss how to achieve a rebound in the global market. Among the challenges they discussed were low oil prices and increased competition from Chinese companies. Over the last five years, Korean companies saw the value of their overseas contracts drop from $65.2 billion in 2013 to $29 billion last year -- mainly the result of a plunge in oil prices and the stronger p
Industry Oct. 24, 2018
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Lawmakers divided over inter-Korean economic cooperation
South Korean lawmakers from ruling and opposition parties were divided over the prospects of economic cooperation with the North during the parliamentary audit sessions on Tuesday.While the lawmakers from the ruling Democratic Party of Korea said economic cooperation with the North would help South Korean companies make a U-turn and create more jobs here, representatives of opposition parties were pessimistic, saying such cooperation would impose financial burdens on the public.Rep. Park Jung of
Industry Oct. 23, 2018
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K-water succeeds in pilot water management project in Vietnam
The Korea Water Resources Corporation, or K-water, said it succeeded in its pilot project of smart water management customized for Vietnam that was carried out together with Korean companies and Vietnam’s National Center for Water Resources Planning and Investigation.They shared the performance of the pilot project during a meeting in Hanoi, Vietnam last week, according to K-water on Monday.A Korean company employee explains the equipment to monitor underground water to Vietnamese employees in H
Industry Oct. 22, 2018
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FTC chief to reduce legal uncertainties, urge CEOs to make fair corporate environment
The nation’s antitrust watchdog chief said Monday the agency will make efforts to reduce regulatory uncertainties while urging large companies to create a fair business environment.Fair Trade Commission Chairman Kim Sang-jo spoke at the Korea Chamber of Commerce &Industry in Seoul before around 150 executives and employees from large and small companies, including Samsung, Hyundai Motor and LG, to explain the upcoming overhaul of the fair trade law and the revision of subcontract law that was en
Industry Oct. 22, 2018
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Korea Gas Corporation confident of retaining leadership in natural gas
The Korea Gas Corporation, a public natural gas company, is seeking to solidify its leadership in the natural gas and liquefied natural gas business with continued investment at home and abroad. The company currently provides natural gas to more than 90 percent of the nation’s regions with its four LNG terminals, 72 natural gas storage facilities, and pipes measuring a combined 4,848 kilometers in length. Liquefied natural gas is widely considered a “clean” fuel because dust, sulfur and nitrogen
Industry Oct. 21, 2018
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BOK pessimistic on outlook for Korean economic growth next year
South Korea’s economic growth is likely to slow next year, in line with the global economic sluggishness caused by rising protectionism and instability in emerging markets, the Bank of Korea and global financial organizations said Sunday. The Bank of Korea has lowered the outlook for the nation’s economic growth this year and next year from the early expectations of 2.9 percent and 2.8 percent each to 2.7 percent. This is the lowest since 2012, when the nation had a 2.3 percent econo
Market Oct. 21, 2018
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Companies should spend more on investment: lawmaker
South Korean companies should expand their investments and boost the nation’s economy with their cashable assets that have more than doubled over the last seven years, a ruling party lawmaker said Wednesday.According to Rep. Kim Doo-kwan of the Democratic Party of Korea, cashable assets of Korean companies rose 76 percent from 337 trillion won ($298 billion) in 2009 to 594 trillion won last year, citing the reports from the Bank of Korea. (Yonhap)Cashable assets refer to cash, financial produc
Industry Oct. 17, 2018
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[KH Biz Forum] ASEAN official predicts bright future for partnerships with Korea
The outlook for economic partnerships between South Korea and the ASEAN region is optimistic, given the willingness on both sides to pursue stronger ties in the areas of trade and technology cooperation, according to a high-ranking official from the Association of Southeast Asian Nations Economic Community.“I am very optimistic about future partnership between ASEAN and Korea as efforts are ongoing to make sure the free trade agreement really works and to come up with results that benefit both r
Industry Oct. 16, 2018
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