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BOK cuts growth forecast to 2.5%, freezes base rate

Central bank judges Seoul’s growth to be lower than ministry target and IMF prediction

Apr 18, 2019
Economy
TAITRA chairperson praises Korea’s 5G prowess, promotes Computex 2019

South Korea serves as the backbone of world’s 5G advancement, praised Taiwan External Trade Development Council (TAITRA)’s chairperson James. C. F. Huang, Thursday, at Lotte Hotel in Jung-gu, Seoul. ...

Apr 18, 2019
Industry
BOK freezes key rate at 1.75% for April

South Korea's central bank held its policy rate unchanged at 1.75 percent for April on Thursday amid persistent concerns over an economic slowdown, despite a decline in inflationary pressure. The mo...

Apr 18, 2019
Economy
Financial regulator halts review of KT's plan to raise stake in K bank

The financial regulator said Wednesday it has halted its review of a plan by KT Corp. to raise its stake in Internet-only K bank, citing an anti-trust inspection into the telecom firm. KT, the nati...

Apr 17, 2019
Finance
FSC designates 9 fintech services for finance regulatory sandbox scheme

South Korea’s financial regulator on Wednesday designated nine financial technology services as the first participants in the newly enacted “regulatory sandbox” policy for the finance sector. The Fi...

Apr 17, 2019
Finance
Galaxy Fold display certified as less harmful to eyes

Samsung Display said Wednesday the company’s foldable organic light-emitting diode display going into Samsung Electronics’ Galaxy Fold smartphone won an international certification for causing less h...

Apr 17, 2019
Technology
[Non-memory Korea: 3] Samsung, govt expected to announce plans for non-memory next week

Upon President Moon’s order, Industry Ministry is devising policy measures to nurture ecosystem for small fabless businesses, engineering talent at universities

Apr 17, 2019
Technology
Fine dust dampens sales of resorts, boosts laundry services

With people becoming more aware of health and weather conditions, weather reports such as concerning the levels of fine dust have also become influential in consumer choices in South Korea, a report ...

Apr 17, 2019
Industry
AWS aims to expand cloud business into financial sector in Korea

Amazon Web Services on Wednesday pledged to enhance cooperation with its South Korean partners with a focus on the finance industry. With the South Korean government easing regulations on cloud co...

Apr 17, 2019
Technology
How big firms placate local resident protests

SK Incheon promotes factory safety improvements, hosts cultural events and offers subsidies to satisfy protesting residents

Apr 17, 2019
Industry
GS chairman urges open learning attitude

GS Group Chairman Huh Chang-soo shared advice and new business strategies at an executive meeting Wednesday. Amid growing use of artificial intelligence, big data and shared economy, as well as the ...

Apr 17, 2019
Industry
Renault Samsung CEO vows continued investment in Korean market

Renault Samsung Motors CEO Dominique Signora said Wednesday the company will continue investing in the Korean market, considering the Korean unit’s significance to its French parent company. During ...

Apr 17, 2019
Automode
Koo Bon-hwan begins term as new Incheon airport president

Koo Bon-hwan has begun his term as president of Incheon International Airport Corp., the airport operator said Wednesday. Koo, who served at the Transport Ministry for 28 years, said he will push to...

Apr 17, 2019
Industry
Hyundai Capital, Santander Group launch JV Banco Hyundai Capital Brasil

Hyundai Capital, the financing arm of South Korea’s Hyundai Motor Group, and Santander Brasil celebrated the launch of their joint venture, Banco Hyundai Capital Brasil S.A., in Sao Paulo on Wednesda...

Apr 17, 2019
Finance
Disney offered controlling stake of Nexon: report

The controlling stake in South Korea’s biggest game company Nexon may end up in the hands of Walt Disney Co., a report suggested Wednesday. The anticipated price for the stake to go on sale is 15 tr...

Apr 17, 2019
Industry

The Korea Herald by Herald Corporation

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Publisher. Editor : Kwon Chung-won
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