The Korea Herald

S. Korea's electricity supply to stabilize from Friday: ministry

IndustryJul 25, 2018

South Korea’s electricity supply, which has been put on red alert recently amid a record heat wave, is expected to improve from Friday as the nation enters the summer holiday season, according to the...
Inflationary pressure grows on oil prices, heat wave, utility rates

EconomyJul 24, 2018

South Korea is expected to face growing inflationary pressure in the coming months due to rising oil prices, the fallout of a record heat wave and signals of public utility rate hikes, observers note...
Tribunal upholds tax office’s taxation of Philip Morris Korea

IndustryJul 23, 2018

A protracted tax conflict is likely to run on between tax authorities here and Philip Morris Korea, the local unit of the global tobacco company, as the Tax Tribunal has dismissed an appeal filed by ...
Asiana offers extra mileage compensation over meal fiasco

IndustryJul 22, 2018

Asiana Airlines, South Korea’s No. 2 air carrier, said that it will further compensate passengers who suffered from the recent in-flight meal service disruptions and the consequent flight schedule de...
S. Korea to expand support for low-income clusters in H2

EconomyJul 17, 2018

South Korea’s government and the ruling party on Tuesday agreed to increase the amount of tax refunds for low-income households this year, in a move to help them deal with the side effects of the leg...
Minimum wage rise discord deepens

EconomyJul 16, 2018

With neither business owners nor workers’ unions satisfied with the latest settlement of the legal minimum wage for next year, South Korean President Moon Jae-in struggled to appease both sides, whil...
[IP in Korea] ‘Music copyright should evolve with digital revolution’

IndustryJul 15, 2018

The Korea Herald is publishing a series of interviews with experts in the intellectual property sector. This is the 20th installment. -- Ed. For creators in the age of digitalization, copyright may ...
Samsung BioLogics unlikely to be delisted: securities report

IndustryJul 13, 2018

Samsung BioLogics, the pharmaceutical affiliate of Samsung Group that came under fire for a past accounting breach, is unlikely to be delisted despite the financial regulator’s latest sanction, a sec...
FSC rules Samsung BioLogics’ accounting breach was ‘intentional’

MarketsJul 12, 2018

South Korea’s financial regulator on Thursday imposed a top-level sanction on Samsung BioLogics over a past accounting irregularity, concluding that its omission of key governance information notices...
S. Korea ups guard against job crisis, US-China trade war

EconomyJul 12, 2018

The government on Thursday voiced growing concerns about the South Korean economy for the rest of the year, calling for stimulus to respond to the prolonging job crisis here and the escalating US-Chi...
Concerns rise on NPS' stewardship code adoption timeline

EconomyJul 10, 2018

South Korea’s government on Tuesday reconfirmed its plan to improve the decision-making process of the National Pension Service but concerns continued to build up in the market on whether the fund op...
[IP in Korea] 'Cosmax’s patent nullity win against Amorepacific was technical'

IndustryJul 8, 2018

The Korea Herald is publishing a series of interviews with experts in the intellectual property sector. This is the 19th installment. -- Ed. Combining foundation makeup with skincare in an innovativ...
Moon govt. pushes real estate tax hike, dithers financial income tax

EconomyJul 6, 2018

The Moon Jae-in government said Friday that it will raise the real estate taxes for high-priced properties and multiple home owners, in a move to reduce the widening wealth gap, steady housing prices...
[Herald Interview] S. Korea's IP leadership to play key role in innovative growth: KIPO chief

EconomyJul 4, 2018

South Korea’s leading status in the intellectual property sector will serve as an indispensable tool in attaining the country’s economic visions, such as innovative growth, job creation and fair mark...
Presidential panel to tighten grip over affluent real estate owners

EconomyJul 3, 2018

A special presidential panel on Tuesday announced its fiscal reform plan, in accordance with the Moon Jae-in administration’s recently renewed pledge to reduce income disparity and achieve income-led...