Articles by Son Ji-hyoung
![Son Ji-hyoung](https://res.heraldm.com/content/koreaherald/hgrp_profile/sonji-hyoung.jpg)
Son Ji-hyoung
consnow@heraldcorp.com-
Estonia touts e-Residency as tool to expedite Korean business entry in EU
President of Estonia Kersti Kaljulaid said Wednesday its e-Residency program has the potential to expedite Korean business entry into the European Union by encouraging applications for the nation’s program that offers foreigners a digitally encrypted and protected identification system.E-Residency refers to a digital identification system that involves blockchain technology without the use of cryptocurrency, so people in and out of Estonia can apply for it regardless of citizenship or location.
Technology Oct. 10, 2018
-
P2P lender 8Percent receives W6b investment
The South Korean startup 8Percent, dedicated to peer-to-peer financing to individuals and small-sized business owners, announced Wednesday it had drawn a combined 6 billion won ($5.3 million) in investments from three venture capital firms. The investments will be used to develop new credit analysis models, advance banking system and improve the profitability of lenders -- or investors into notes of borrowers -- the company said. One of the venture capital firms involved was DSC Investment, whil
Market Oct. 10, 2018
-
[Newsmaker] KRX feels heat from calls to cut trading hours
Ever since the decision two years ago to delay the closing time of the nation’s securities market by 30 minutes, market authorities and labor activists have been in a heated debate, with unions saying the extended trading hours place an undue burden on employees without conferring significant benefits in terms of transaction volume. The issue is to take center stage at this week’s National Assembly audit, with Korea Exchange Chairman Jung Ji-won having been called as witness to
Market Oct. 9, 2018
-
Woori Bank to streamline loan evaluation of offshore units
Woori Bank, South Korea‘s fourth-largest commercial bank by assets, said Monday it has created an office in Singapore to streamline loan evaluation of offshore units across Asia. The office, dubbed “Asia Credit Analysis & Approval Debt Center” is designed to “improve loan approval (of offshore units) and expedite the decision-making process” of corporations in China, Vietnam and Indonesia, as well as branches in Hong Kong, India and Middle East nations, the bank
Market Oct. 8, 2018
-
Lendit to allow secondary market trading
South Korea’s peer-to-peer financing startup Lendit said Thursday that it plans to allow investors and borrowers to trade notes that are not mature by establishing an online secondary market. P2P financing refers to a loan crowdsourced from investors seeking midrange interest rates, between 5 and 10 percent per year. The interest comes from borrowers’ debt servicing. Korea is home to 175 P2P financing platforms licensed as of end-August.The new system, dubbed the “Lendit Market
Market Oct. 4, 2018
-
Vestiges of melting pot in fallen city Ayutthaya
PHRA NAKHON SI AYUTTHAYA, Thailand -- Before a brutal Burmese invasion in the late 18th century, the city of Ayutthaya, the second capital of the Siamese Kingdom for four centuries, was a grand Buddhist city where international trade and art prospered. Its population rivaled that of contemporary London or Paris in its prime. A large stone Buddha statue and headless statues sit in front of a prang in Wat Mahathat. (Son Ji-hyoung/The Korea Herald)Buddhist temples and royal relics were strewn acro
Travel Oct. 4, 2018
-
Seoul, Gyeonggi homeowners to be virtually ineligible for additional mortgage loans
South Korea’s financial authorities are reinforcing regulations to dissuade homeowners in Seoul from taking out loans to purchase additional residences, part of ongoing efforts to bring housing prices under control and subdue household debt. The Financial Services Commission recently revised its banking oversight regulations, which now restrict anyone who owns a home in the Seoul metropolitan area from taking on additional mortgages, officials said Wednesday.The new restrictions on lending
Market Oct. 3, 2018
-
[Herald Interview] True Short envisions ‘one-stop shop’ for short selling-related data
The Korea Herald is publishing a series of interviews on promising startups in the financial technology industry. This is the 22nd installment. -- Ed.Foreign short selling activities on South Korea’s stock market have recently been growing, and with such a trend, there is a Korean startup offering a more comprehensive look into the short selling market landscape in Korea.Short selling refers to the act of selling stocks without owning them in hopes the value goes down. To do so, a short se
Market Oct. 2, 2018
-
Financial audits drag on lackluster IPO market
Longer-than-expected financial audits are posing hurdles to privately-held companies seeking initial public offerings on South Korea’s stock markets, amid a sharp fall in the volume of total investments through IPOs this year through the third quarter. Following the withdrawals of lubricant oil maker SK Lubricant and game software developer Kakao Games from plans to go public in April and in September, respectively, investors’ attention is on whether refiner Hyundai Oilbank, projecte
Market Oct. 1, 2018
-
Private investment, international partnership feed budding Thai science school
RAYONG PROVINCE, Thailand -- Along a green lake in Wangchan Valley, students clad in purple-and-green uniforms stroll around a school campus surrounded by woods that stretch across the northern Rayong province in Thailand. They are part of some 200 students at the Kamnoetvidya Science Academy (KVIS) in 10th, 11th and 12th grades, who are chosen among some 5,000-7,000 applicants through a multilayered screening process each year. An exterior view of the KVIS campus (Son Ji-hyoung/The Korea Herald
Technology Sept. 30, 2018
-
Top regulator hints at launch of 3rd internet-only bank
Anticipation is growing for the nation’s third internet-only bank as the authorities move to clear away hurdles affecting nonbanking institutions, including limits on ownership, following positive remarks from South Korea’s top financial regulator last week.Choi Jong-ku, chairman of Korea’s financial regulatory body, the Financial Services Commission, mapped out a plan to help the new digital banks to move in tandem with the changing environment in the financial industry landsc
Market Sept. 26, 2018
-
FSS chief touts Korea as ‘financial hub,’ riding on inter-Korean thaw
The pangovernmental moves to “advance Korean markets to a financial hub in Northeast Asia” will gain steam, riding on the inter-Korean thaw in the wake of this year’s third inter-Korean summit, South Korea’s Financial Supervisory Service Gov. Yoon Suk-heun told heads of foreign financial units in Korea on Wednesday. The remarks came as South Korea President Moon Jae-in and North Korea leader Kim Jong-un signed a joint agreement to reboot plans for bilateral business coope
Market Sept. 19, 2018
-
Market watchers play down summit’s potential impact
South Korean markets gained little impetus on the first day of the third inter-Korean summit on Tuesday, as market analysts remained cautious about the summit’s potential long-term impact.But some analysts expressed the view that positive developments in inter-Korean relations could stimulate long-term market growth.In stock markets, the top-tier Kospi edged up 0.3 percent Tuesday, while the second-tier Kosdaq was 0.4 percent higher.Bond markets were moderately bearish in closing. The thre
Market Sept. 18, 2018
-
Embattled Toptec CEO denies spilling tech secrets
Toptec, a South Korean maker of automated machines for production of display panels and semiconductors, denied recent allegations that it had attempted to sell confidential information on technology related to mobile phone screen lamination machines to China.The company also refuted claims that it had failed to protect company secrets of its biggest buyer, Samsung Display. Suwon District Prosecutors’ Office on Friday raided the Toptec headquarters in Gumi, North Gyeongsang Province, a
Market Sept. 17, 2018
-
LIG Nex1 partners with KBR to upgrade military systems
LIG Nex1, South Korea’s second-largest aerospace maker and defense company in terms of defense revenue, has sealed an agreement with the US defense system certification agency KBR to gain US Department of Defense certification for Korean military arms, so that they can be equipped with the latest “identification, friend or foe” technology. IFF technology is designed to minimize the chances of “friendly fire” incidents, in which military forces misidentify a target and attack their own troops or
Industry Sept. 17, 2018
Most Popular
-
1
Criminals who drugged teens' drinks with meth sentenced to up to 18 years
-
2
Rival parties unite to form 4-way body to break med school standoff
-
3
Korea to certify safety of EV battery from October
-
4
Wartime sexual slavery victims file for Japanese govt. asset disclosure
-
5
S. Korea logs current account surplus for 3rd month in July
-
6
Producer Teddy's girl group Meovv debuts, showcasing dual feline charms
-
7
Farewell summit: Yoon, Kishida pledge to keep momentum in revitalizing ties
-
8
Man to pay W727m for opening plane door before landing
-
9
Two Korean women arrested for stealing tourist's bag in Turkey
-
10
Frieze Seoul sees slower sales, yet confirms stronger art scene in Seoul