The Korea Herald

Investigators zero in on reactor data hacker

IndustryDec 21, 2014

The South Korean prosecution said on Sunday it had identified the location of the hacker who posted information on nuclear reactors on the Internet. The joint investigation team looking into the cyb...
Korea to focus on economic ‘structural reform’ in 2015

IndustryDec 21, 2014

The government is expected to announce Monday its economic policy priorities for next year, which will center on structural reform. Deputy Prime Minister and Finance Minister Choi Kyung-hwan hinted ...
Woori Bank forges close ties with local communities

Dec 18, 2014

Woori Bank employees deliver coal briquettes for fuel to low-income families in Nowon-gu, Seoul, last December. (Woori Bank) Woori Bank is forging closer partnerships with local community centers to...
Korea’s labor system needs change: KDI

IndustryDec 17, 2014

The Korea Development Institute has called for more flexibility in Korea’s labor structure in terms of its wage system and working hours. “With unemployment and the working poor becoming serious soc...
BAT Korea to unveil charcoal-filtered cigarettes

IndustryDec 16, 2014

British American Tobacco Korea will unveil its new charcoal-filtered cigarette “Vogue Prima” later this month, according to the company on Tuesday. BAT Korea said this new super-slim tobacco would a...
Weak yen to continue weighing on exporters

IndustryDec 15, 2014

Japan’s weak yen would continue to affect major Korean exporters following Shinzo Abe’s landslide victory in Japan’s national elections on Sunday, as he is likely to push ahead with “Abenomics,” aggr...
‘Korean financial firms should prepare for Volcker Rule’

IndustryDec 14, 2014

The Korean financial sector should prepare for the Volcker Rule, which will be implemented in the U.S. in July next year, in order to avoid disadvantages and fines, according to a local attorney. “L...
[Weekender] Townhouses gain popularity beyond retirees

IndustryDec 12, 2014

Kim Won-sik, a 59-year-old Seoulite, is looking to move away from apartment living ahead of retirement next year. Like many other retirees, Kim also has a dream of spending the rest of his life in a ...
KB says gaining trustis biggest priority

IndustryDec 11, 2014

KB Financial Group’s chief Yoon Jong-kyoo stressed the importance of rebuilding customer trust as a part of the company’s efforts to reclaim the title of the nation’s leading financial group, the com...
Korea pushes for forestry partnerships with ASEAN

IndustryDec 11, 2014

The Korea Forest Service successfully reinforced its partnership with ASEAN countries in the forestry sector at a two-day Korea-ASEAN Special Ministerial Meeting on Forestry that started Wednesday in...
Digital banking prompts banks to close branches

IndustryDec 9, 2014

South Korean banks are being forced to close down branches amid increasingly digitalized banking systems and moves from tech firms to jump into the competition, according to industry watchers. A tot...
Korea’s exports to China face minus growth

IndustryDec 7, 2014

Korea’s outbound shipments to China are likely to post a negative growth in 2014 for the first time in five years, according to government data released on Sunday. Industry watchers said this downwa...
Deflation concerns grow in Korea

IndustryDec 3, 2014

Citing the nation’s continuously falling consumer prices, local experts are raising concerns that the Korean economy may suffer deflation. South Korea’s consumer price growth has been at the 1 perce...
Korea to crack down on bulk sales of tobacco

IndustryDec 1, 2014

The Korean government said Monday it would crack down on stores selling tobacco in bulk this month in the lead up to the Jan. 1 price hike. Proprietors caught selling large volumes of cigarettes will...
Falling oil prices may lift consumption, investment

IndustryNov 28, 2014

Tumbling oil prices, caused by Thursday’s decision by the Organization of the Petroleum Exporting Countries to maintain oil production levels, is expected to improve consumption and investment in oil...