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S. Korea, Japan urged to seek wisdom of past leaders to improve ties
French, foreign envoys honor comrades of WWI
[Herald Interview] ‘Latvia, Korea kindred spirits in self-determination, m...
Korea's finance minister meets senior Chinese politician
[Contribution] How Hungary brought knowledge of Korea to socialist Europe
Nissan chief Ghosn arrested over financial misconduct: reports
No risk of radiation leak after fire at nuclear research institute
Judges’ council favors impeachment of senior justices involved in power a...
Teenager arrested in death of father, alleged attack on mother
Wanna One makes its ‘bittersweet’ return with first -- and last -- EP

Today Finance

Korea's finance minister meets senior Chinese politician

　SEJONG (Yonhap) -- Finance Minister Kim Dong-yeon held a meeting with a senior Chinese politician Monday during which they discussed ways to promote economic ties between the two nations, Kim‘s ministry said. 　Kim met Chinese State Councilor Wang Yong, who is on a visit to Seoul to attend an economic forum. Finance Minister Kim Dong-yeon (Yonhap)　China unofficially imposed retaliatory measures against South Korean firms after Seoul agreed to install the U.S. Terminal High Altitude Area Defense

Nissan chief Ghosn arrested over financial misconduct: reports

TOKYO, Japan (AFP) - Nissan chairman Carlos Ghosn was reportedly under arrest in Tokyo on Monday, as his firm accused him of “significant acts of misconduct” and said it would seek to oust him.　Japan's public broadcaster NHK and other media outlets said Ghosn had been arrested after being questioned by Japanese prosecutors for various improprieties including underreporting his income.　“The Tokyo District Public Prosecutor’s Office arrested Nissan chairman Ghosn on suspicion of violation of the F

Today
Automode
Racing drivers clean up at WTCR with Hyundai’s i30 N

Hyundai’s own racing team ranked second in WRC

Today
Automode
Samsung CEO seeks breakthrough with Galaxy 10, foldable phone

Koh Dong-jin, CEO of Samsung Electronics’ smartphone business, is making all-out efforts to seek a breakthrough in the company with the introduction of the 10th edition of the Galaxy and the world’s first commercial foldable smartphone. 　Koh recently said in a corporate message to executives and employees of the information technology and mobile communications division of Samsung that he felt “sorry about the currently struggling status of the Samsung smartphone business and will do my best to o

Today
Technology
FKI co-hosts Boao Forum Seoul, seeking a comeback

A regional program of the Boao Forum, referred to as Asia’s Davos conference, kicked off Monday in Seoul, bringing more than 800 political and business leaders from China and South Korea together to discuss the future of Asia. The first event held in Asia outside of China was jointly organized by the Federation of Korean Industries, once an influential business lobby group here. Eyes are on not only the significance of the event, but also on whether it could be a chance for the FKI to rebuild it

Today
Industry
KITA hosts meeting to boost trade between Korea, US

The Korea International Trade Association hosted a meeting Monday between US Ambassador to South Korea Harry Harris and executives from major Korean conglomerates doing business in the US, in an effort to boost trade.KITA CEO Kim Young-ju (left) and executives from Korean conglomerates meet with US Ambassador to South Korea Harry Harris (right) and other representatives from the US Embassy, in an effort to boost trade between the two nations, in Seoul on Monday. (KITA)The meeting held in Seoul w

Today
Industry
Korea Gas Corp. aims to take lead in global LNG

Korea Gas Corp. aims to take the lead in the global market with its liquefied natural gas business on the back of its stable business at home. Liquefied natural gas is widely considered a “clean” fuel because dust, sulfur and nitrogen are removed in the liquefaction process, therefore lower levels of pollutants are emitted when it burns. It also presents a lower risk of explosion even if it leaks, as the gas tends to dissipate in the air. Korea Gas Corp. holds a ceremony to mark the beginning of

Today
Industry
Korea needs to boost service exports

Korea needs to step up efforts to increase exports in the service sector to offset a possible decline in the outbound shipment of its major manufactured goods, experts here say.Exports have shored up the slowing Korean economy so far this year, as decreasing investment and slumping consumption decelerate its growth.According to data recently released by Korea Customs Service, the country’s goods exports increased 22.7 percent on-year to $54.9 billion in October, mainly on the back of a rise in t

Today
Economy
Large-scale executive reshuffles loom in Korea’s banking sector

South Korea’s financial groups are facing potentially massive reshuffles of their executive teams as a majority of the incumbents at commercial lenders and their holding companies approach the end of their tenure at year-end. (Yonhap)According to disclosures from the respective financial holding companies -- KB, Shinhan, KEB Hana, Woori and NH -- sweeping changes may be ahead for the new year. KB Financial Group will see 12 out of 16 executives, excluding auditors, end their terms in December. A

Today
Finance
KT opens first overseas ‘smart farm’ in UAE for disabled

South Korea’s leading mobile carrier KT said Monday it has opened a smart farm with cutting-edge information and communications technology in the United Arab Emirates, marking the company’s first ICT export to the Middle East region. The KT smart farm, about 600 square meters in size, is located in the Emirate of Sharjah, the third-largest region after Abu Dhabi and Dubai. It was established in cooperation with the Sharjah City for Humanitarian Services, which offers rehabilitation and education

Today
Technology
Nationwide survey opens for new license plates

The Transport Ministry said Monday it has begun a nationwide survey on the preferred format for new vehicle license plates. The one selected would be applied from September next year. Transport Ministry officials show five different designs for new vehicle license plates for the nationwide survey, during a press briefing last week. (Yonhap)In July, the ministry decided to adopt a new license plate with seven digits, adding one to the current six. Such a change would allow for 210 million new ca

Today
Industry
US FDA greenlights Celltrion’s chemical combination drug for HIV-1

South Korean biopharmaceutical company Celltrion said Monday that its first-ever chemical combination drug for use by patients with HIV-1 infection has been approved by the US Food and drug Administration.　Developed by Celltrion, Temixys is a tablet-type drug that targets HIV-1, short for Human Immunodeficiency Virus Type 1. It is a next-generation modified drug combining the properties of GSK’s Zeffix (lamivudine) and Gilead Sciences’ Viread (tenofovir disoproxil fumarate).The newly-approved ta

Today
Industry
LG Innotek begins production of compact refrigerators with thermoelectric modules

South Korean parts manufacturer LG Innotek has mass-produced compact refrigerators with thermoelectric modules, the firm said Monday. According to LG Innotek, the recently launched table-sized refrigerator LG Objet has been incorporated with thermoelectric modules. These modules are combined with the components of thermoelements, radiator panels and radiating fans, to replace the cooling compressor system.LG Innotek's thermoelectric modules (LG Innotek)By using thermoelectric semiconductor techn

Today
Industry
E-mart to launch first overseas No Brand’s store in Philippines

South Korean retailer E-mart said Monday that its No Brand private-label products will enter the Philippines market via the brand’s first overseas store set to open in 2020. According to E-mart, the company signed a franchise contract for exports with the Philippines’ leading retailer Robinsons Retail on Friday. Under the deal, the company aims to open 25 No Brand stores and 25 Scentence beauty stores at major shopping malls and department stores in the Philippines by 2020. A No Brand store in G

Today
Industry
Kakao Pay to launch new investment platform, cross-border mobile pay service

After rising to become one of the easiest and most popular payment methods among Korean users through its flagship messenger service, Kakao Pay announced Monday it is expanding its business with an easy-to-use investment facilitator platform.The mobile finance unit of South Korean mobile messaging giant Kakao announced the launch of a new service, Kakao Investment, which lets users invest in various projects through the KakaoTalk messenger without the need to install a separate app. The service

Today
Technology

The Korea Herald by Herald Corporation

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Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
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