Articles by Shin Ji-hye
Shin Ji-hye
shinjh@heraldcorp.com-
S. Korea sets aside W9.4tr for tech independence, green energy
The Industry Ministry said Wednesday it has set aside around 9.4 trillion won ($7.8 billion) in its budget for 2020, up 23 percent from this year, to focus on technology independence from Japan and the expansion of renewable energy. The budget plan for the ministry was finalized through a resolution of the National Assembly on Tuesday. “In response to Japan’s export controls, the budget for supporting the materials and parts equipment has increased significantly from 669 billion won
Industry Dec. 11, 2019
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5G smartphones to boost revenue for Samsung Display
Samsung Display faces new opportunities for sales growth as the growing demand for fifth-generation smartphones is expected to drive up sales of the firm’s small and medium-sized OLED panels, industry watchers said Sunday.OLED panels, a key component of large-screen smartphones, are seeing increased demand with the rise in consumption of high-definition video and game content among handset users. Global handset makers, Samsung Electronics, Apple, Huawei, Oppo and Vivo, began to adopt
Industry Dec. 8, 2019
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[Herald Interview] Electricity market competition, price hike needed for green energy expansion
South Korea’s efforts to tackle environmental issues related to power generation using conventional technologies are no longer sustainable, and the only way forward -- apart from expanding renewable energy -- is to allow private operators in the sector which is now controlled by state firms, according to Korea Energy Economics Institute President Cho Yong-sung.“Korea should now ponder whether its energy market needs to embrace a free market mechanism in a new era driven by renewable
Industry Dec. 8, 2019
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KAI succeeds in first flight of light civil helicopter
Korea Aerospace Industries has successfully performed the first flight test of its light civil helicopter, the firm said Thursday. The helicopter delivered its first flight performances for about 20 minutes after take-off, KAI said.The light civil helicopter, which began development in June 2015, is now applied with advanced technologies for the main gearbox, cockpit and canopy, KAI explained. It is also equipped with a main rotor and tail rotor with low vibration and noise.The copter can be dep
Industry Dec. 5, 2019
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Seoul Court upholds W1tr penalty for Qualcomm
The Seoul High Court ruled on Wednesday in favor of the nation’s antitrust watchdog in a legal battle with US chipmaker Qualcomm over a record penalty of 1 trillion won ($837 million). “The court dismissed Qualcomm’s requests and partially sided with the Fair Trade Commission,” said the FTC in a statement on the day. The “partial” decision is due to the court deeming that some corrective actions taken against Qualcomm were illegal, although the imposition
Industry Dec. 4, 2019
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3 more financial instutions end support for coal projects
Three South Korean financial institutions -- DB Insurance, Korean Teachers’ Credit Union and Public Officials Benefit Association -- said Tuesday they had decided to stop coal project financing in order to support the global efforts to tackle climate change. The move by the financial institutions, who have a combined $73 billion of assets under management, comes after two local public pension funds -- Korea’s Teachers’ Pension and Government Employees Pension Service, with $22
Industry Dec. 3, 2019
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[From the Scene] SK Energy to complete vacuum residue desulfurization in Jan.
ULSAN -- SK Energy, an affiliate of SK Innovation, is set to complete the construction of its vacuum residue desulfurization facility in January, in time for the implementation of tighter environmental regulations. In response to heightening environmental concerns and growing harmful emissions from ships, the International Maritime Organization has ruled that from January ships will have to use fuel with a maximum of 0.5 percent sulfur content, down from the current 3.5 percent.In line with the
Industry Dec. 1, 2019
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New IMO rules, lower fuel prices unlikely to affect S-Oil: analysts
S-Oil, headquartered in Seoul and wholly owned by Saudi Aramco, is unlikely to be affected by concerns about lower fuel prices and stricter environmental rules, according to analysts.The new International Maritime Organization rules -- IMO 2020 -- lowering the limit of sulfuric content in bunker fuel to 0.5 percent from 3.5 percent will come into force in January. Refiners have been very worried, with the benchmark Singapore complex gross refining margin -- reflecting Asian refiners’ avera
Industry Dec. 1, 2019
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European companies say level of Korean business law ‘tough’
The European business community in Korea on Friday called for efforts to create a business-friendly climate for both Korean and foreign companies here, citing a growing number of criminal charges and regulations that hinder foreign investment.“Korean laws are very tough,” said Michael Reiterer, ambassador of the European Union to Korea, at an event held by the European Chamber of Commerce in Korea, claiming that stricter regulatory measures were being imposed on foreign companies. &l
Industry Nov. 29, 2019
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South Korea’s exports to grow 3.3% next year: KITA
South Korea’s exports are expected to rise 3.3 percent next year on the back of global economic recovery and rising memory chip prices, a local trade association said Thursday. The Korea International Trade Association said exports are forecast to stand at $561 billion in 2020 with imports of $522 billion, growing 3.3 percent and 3.2 percent on-year, respectively. This year’s exports are expected reach $543 billion while imports are estimated at $506 billion, down 10.2 percent and 5.
Industry Nov. 28, 2019
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[ASEAN-Korea summit] Korea, ASEAN join hands for growth of startups
BUSAN -- Leaders of South Korea and ASEAN countries have joined hands to foster the growth of startups at an event held Tuesday on the sidelines of the ASEAN-ROK Commemorative Summit. Hosted by the Ministry of SMEs and Startups, the ASEAN-ROK Startup Summit took place in Busan to enhance cooperation among startups of Korea and ASEAN. The event was attended by representatives from 40 ASEAN startups participating in a Korean incubation program.President Moon Jae-in said in a speech, “Korea w
Industry Nov. 26, 2019
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[Herald Interview] Biz card app Remember aims to be ‘Asia’s LinkedIn’
BUSAN -- South Korea’s popular business card app provider Drama & Company is seeking to make its mobile platform an “Asian version of LinkedIn” by deploying localized knowledge and sentiments. “Relatively, LinkedIn does not work as well in Asia as in the West. Asians are more reluctant to post their resumes in an open space,” said Drama & Company CEO Choi Jae-ho in a brief interview with The Korea Herald at the ASEAN-ROK Startup Summit held in Busan on Tuesd
Industry Nov. 26, 2019
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[단독] SKT 박정호 사장 ‘태국 판 대장금 구상 중’
SK 텔레콤의 박정호 사장은 25일 동남아의 문화 콘텐츠 투자 사업 중 하나로 타이 버전의 대장금을 구상 중 이라고 말했다. 대장금은 2003년과 2004년에 방영된 후 아시아 대륙을 휩쓴 한류 드라마다.금주 부산에서 개최되고 있는 한아세안특별정상회담 기간 문재인 대통령이 주최한 저녁 만찬 중 동남아 투자 사업의 확장에 대한 질문에 박정호 CEO는 “동남아에서 새로운 미디어, 콘텐츠, 게임과 같은 새로운 산업을 시작하는 것을 긍정적으로 생각한다”고 답했다.그는 특히 한류 드라마의 태국 현지화 가능성을 강조했다.그는 코리아 헤럴드에 “태국에는 훌륭한 음식이 많기 때문에 태국 버전의 ‘대장금’은 재미있고 의미 있을 것”이라고 답했다.만찬에 앞서 박정호 사장은 이날 한-아세안 문화혁신 회담에서 연설했다.이번 포럼에서 그는 투자와 기술 협력을 확대하고 프로덕션의 가능성을 키우며 서로의 재능을 키울 수 있는 아시아 콘텐츠 스튜디
한국어판 Nov. 26, 2019
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[ASEAN-Korea summit] SKT envisions Thai version of “Dae Jang Geum”
BUSAN -- SK Telecom CEO Park Jung-ho said Monday he envisioned a Thai version of “Dae Jang Geum,” also known as “Jewel in the Palace,” a hit Korean drama that drew fans across Asia, as one idea for cultural content investment in Southeast Asia. When asked whether SKT planned to expand investment in Southeast Asia at a gala dinner hosted by President Moon Jae-in for ASEAN leaders on Monday evening, CEO Park said, “I think it would be entertaining to make new bus
Industry Nov. 25, 2019
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[ASEAN-Korea summit] Malaysian premier visits KAI’s production facility
Malaysian Prime Minister Mahathir bin Mohamad visited the production site of South Korea’s sole aircraft manufacturer Korea Aerospace Industries during his trip for the ASEAN-ROK Commemorative Summit in Busan, the company said Monday. He was briefed on the light attack aircraft FA-50, basic trainer KT-1 and Surion helicopter KUH-1.“We have come to trust KAI more after seeing the production facilities and hope to continue our partnership,” Mohamad said. KAI pitched the lig
Industry Nov. 25, 2019
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