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US exempts Korean steel from import tariff, in positive signal for local steel industry

Steel products made by South Korea’s SL Tech has been excluded from the US’ steel tariffs, marking the first case of exemption since the US imposed a quota on Korean steel shipments this May, industr...

Sept 20, 2018
Industry
Banks ready for inter-Korean economic cooperation

Fired up by the thawing peninsular mood built on the latest inter-Korean summit, banks here have buckled down on establishing business in the North in the near future, their initial focus fixed on th...

Sept 20, 2018
Finance
Lee Jae-yong’s lip balm ‘closed’ before camera

Is it the massive media attention he received for his copious use of lip moisturizer that’s making him shy? Samsung Electronics Vice Chairman Lee Jae-yong was seen reaching for a dab of his lip balm...

Sept 20, 2018
Industry
Samsung in talks with Japan’s Nipro for medical device division sale

(Yonhap) Samsung Electronics is in talks with Japan’s Nipro to sell off its in-vitro diagnostic unit, as part of efforts to streamline its medical equipment business, according to the industry on Th...

Sept 20, 2018
Technology
Police raid BMW parts supplier in probe of vehicle fires

Police raided a parts supplier of BMW Korea on Thursday as part of a probe into suspicions the Korean unit of the German carmaker covered up vehicle defects that led to dozens of engine fires in rece...

Sept 20, 2018
Automode
Korean trade minister says US-China trade dispute 'new normal'

South Korea's trade minister Thursday urged local companies to develop high-value-added technologies and seek new growth drivers to embrace the protracted trade tension between the United States and ...

Sept 20, 2018
Industry
Opposition, energy minister nominee battle over nuclear phaseout plan

Sung Yun-mo advocates Moon’s nuclear-free vision at hearing

Sept 19, 2018
Economy
S. Korean chaebol to mull NK biz opportunities upon return

South Korean business moguls are expected to start considering potential business projects in North Korea after their Pyongyang trip, according to the industry on Wednesday. According to news report...

Sept 19, 2018
Industry
Hyundai Engineering bolsters business in Indonesia

Hyundai Engineering signed memorandums of understanding with Indonesian officials on the expansion of its industrial facilities and the construction of a hydroelectric power plant there, an effort to...

Sept 19, 2018
Industry
Economists warn of increasing downside risks facing Korea’s exports

A protracted slump in South Korea’s exports might set in next year and jolt the country’s economy, which has relied on outbound shipments for growth amid sluggish domestic demand, economists say. Re...

Sept 19, 2018
Economy
[News Analysis] North’s willingness to denuclearize raises hope for economic cooperation of two Koreas

Projects depend on NK-US summit: experts say S. Korea sent underlying message with delegation of conglomerate chiefs

Sept 19, 2018
Industry
Paradise Culture Foundation chairwoman wins Montblanc Arts Patronage Award

Choi Yoon-jung, chairwoman of the Paradise Culture Foundation under the resort complex operator Paradise Group, was given Montblanc’s Arts Patronage Award on Tuesday. From left: Montblanc Cultural F...

Sept 19, 2018
Industry
SC Bank Korea launches My Run Savings Account

SC Bank Korea, the Korean subsidiary of British banking giant Standard Chartered, has launched a new money market deposit account, offering a relatively high interest rate opportunity to customers, o...

Sept 19, 2018
Finance
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...

Sept 19, 2018
Finance
Kakao Pay’s QR code pay option accepted at over 100,000 stores

Kakao Pay, the mobile pay solutions unit of South Korean mobile messaging giant Kakao, said Wednesday that its QR code payment option is now available at more than 100,000 partner stores nationwide. ...

Sept 19, 2018
Technology

The Korea Herald by Herald Corporation

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