Articles by Shin Ji-hye
Shin Ji-hye
shinjh@heraldcorp.com-
Half-Year Economic Outlook 2019 highlights trends affecting Korean-German trade
The Korean-German Chamber of Commerce and Industry held its Half-Year Economic Outlook 2019 in Seoul in cooperation with the Incheon Free Economic Zone, the chamber of commerce said. The first part of the event, held to look at trends affecting trade between the two countries, was led by two distinguished speakers. Peter Winkler, deputy head of mission and the head of the economic department at the German Embassy, highlighted the transitions affecting the two countries’ energy sectors as w
Industry Sept. 1, 2019
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Removal of Japan from whitelist to take effect this month
South Korea is on track toward excluding Japan from its export control whitelist this month, in a tit-for-tat response to Tokyo’s earlier decision to remove Seoul from its list of preferred trading partners.According to the Industry Ministry on Sunday, the government is set to complete its public opinion-gathering process Tuesday, a necessary step before it can make a public announcement and implement the change to the nation’s export control system.On Aug. 12, the Industry Ministry
Industry Sept. 1, 2019
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Indonesians seek injunction in Seoul to stop coal-fired plants
Indonesian residents filed a petition for a preliminary injunction to stop construction of coal-fired power plants, which are financed by Korean financial organizations and built and operated by Korean firms, according to Korean environmental civic group Solutions for Our Climate on Thursday. This is the first case where residents outside Korea brought a legal action in the Korean court over a coal-fired power plant site.On Thursday, the Indonesian plaintiffs -- three residents of Java Island --
Industry Aug. 29, 2019
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S-Oil supports children of fallen firefighters
S-Oil said Wednesday it has given scholarships to children of fallen firefighters from Yongsan Fire Station as part of its corporate social responsibility activities. A total 210 million won ($173,000) was evenly distributed to 70 children, according to S-Oil. S-Oil has presented scholarships to children of fallen firefighters since 2006 under its Hero Firefighter Program. The program is aimed at helping the recipients to overcome emotional trauma and focus on their studies, the firm said.
Industry Aug. 28, 2019
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Antitrust regulator chief nominee plans to check Google, Apple, Naver
The nominee to lead South Korea’s antitrust watchdog said she would look closely into unfair business practices related to information and communication technologies amid the emergence of online platforms and big data. “In order to back the innovative ecosystem in line with new economic trends, such as the development of the digital economy and the growth of platform companies, antitrust authorities are required to approach the industry with a balanced perspective,” Joh S
Industry Aug. 27, 2019
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Michigan congressman visits SK Saran Americas in Midland
A Michigan congressman on Monday visited the main facility of SK Saran Americas, part of SK Global Chemical Americas, which produces chemical resin, according to SK Innovation, owner of the chemical unit. SK Innovation said Rep. John Moolenaar toured SK Saran Americas in Midland, Michigan, accompanied by Jay Kim, president of SK Global Chemical Americas, and Steve Persyn, site leader for SK Saran Americas. The company employs more than 40 people at the Midland facility and the chemical resi
Industry Aug. 27, 2019
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Thailand: Tech edge will lure Korean firms
BANGKOK -- South Korean businesses are increasingly entering promising Southeast Asian markets, but the number of Korean companies operating in Thailand is still far lower than that in Vietnam, for instance, where more than 3,000 Korean companies operate. There are currently around 400 Korean companies operating in Thailand, which is Korea’s 18th-largest trade partner in the world and the third-largest market for Korean companies in Southeast Asia, after Vietnam and Indonesia. “Korea
Industry Aug. 27, 2019
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Line Man gains traction in Thailand
BANGKOK -- Line Man, an on-demand service platform of Thailand’s most popular messenger app Line, is making inroads in the local market by providing a variety of services, including food delivery, taxi-hailing, parcel and convenience goods, with a large subscriber base, according to a top company executive. Line, a subsidiary of Korean internet search giant Naver, launched its messenger app in Thailand in 2012 and has grown into a leading social media platform with 44 million users out of
Industry Aug. 25, 2019
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Thailand partnering with South Korea on electric bus development
BANGKOK -- An all-electric bus with the national flags of South Korea and Thailand printed side by side sits on a campus of one of the national research universities on the southern side of Bangkok. The electric bus is a joint project between Korea and Thailand, led mainly by Korean automaker Edison Motors, which currently provides public transport services with eco-friendly buses at Namsan in Seoul and on Jeju Island. The project involves 11 organizations from both sides, including Korea’
Industry Aug. 21, 2019
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[Going Renewable 6] How IMO regulations affect Korean oil refiners, shipbuilders
The Korea Herald is publishing a series of articles on the quest of South Korea’s government and businesses to switch to renewable energy. -- Ed.New environmental regulations in international waters could serve as a momentum for Korean oil refiners and shipbuilders to seek new opportunities in the sluggish markets. In response to heightening environmental concerns and growing harmful emissions from ships, the International Maritime Organization has ruled that from January 2020 ships will h
Industry Aug. 19, 2019
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[Eye Plus] Japanese colonial history in Korea at a glance
On Thursday, a national holiday marking Korea’s independence from Japanese colonial rule on Aug. 15, 1945, the Museum of Japanese Colonial History in Korea was very crowded with visitors wanting to better understand the history of the two neighboring countries amid a deepening diplomatic and trade rift. The two-story museum, which sits in a small alley in Yongsan, central Seoul, opened in August last year through donations from the public, civic groups and academics. It exhibits the h
Culture Aug. 15, 2019
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SK Innovation secures W800b green loan for EV battery
SK Innovation said it has secured an 800 billion won ($650 million) green loan to expand its investments in electric vehicle batteries. The company said it secured the funds through several financial organizations, including the Korea Development Bank, KEB Hana Bank and Bank of America, without giving further details. A green loan is a new lending activity aimed at making sustainable investments and reducing the impact on the environment with lower interest rates. SK Innovation said the fun
Industry Aug. 15, 2019
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Korea to toughen rules on cross-border M&As concerning key tech
The government said Tuesday it will tighten regulations on cross-border mergers and acquisitions to curb leaks of high-end technologies to other countries and impose harsher penalties on offenders.The Ministry of Trade, Industry and Energy said it has resolved to revise the related law to better prevent leaks of key technologies. The changes will take effect in February 2020, six months after promulgation. This is a follow-up to the government’s pledge in January to eradicate leaks of indu
Industry Aug. 13, 2019
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S. Korea to exclude Japan from trade whitelist in September
South Korea is set to drop Japan as a preferred trading partner in September in response to Tokyo’s recent decision to exclude Seoul from its whitelist, officials said Monday. “An export control system on strategic items should be run under ground rules of an international export control system,” said Industry Minister Sung Yun-mo during a press briefing Monday afternoon.“(However) the system should be run accordingly (if a trading partner) operates the system that runs c
Industry Aug. 12, 2019
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KIC invests $412m in Japanese firms linked to war criminals
State-run Korea Investment Corp. is found to have heavily invested in Japanese companies linked to forced wartime labor, according to sources, prompting concerns about the investment portfolio of domestic financial institutions. It is the latest revelation after the release of the National Pension Service’s investment history last month.According to Rep. Kim Kyung-hyub from the ruling Democratic Party on Friday, the KIC invested about $412 million -- as of last year -- in 46 Japanese compa
Industry Aug. 9, 2019
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