Articles by Shin Ji-hye
Shin Ji-hye
shinjh@heraldcorp.com-
[Going Renewable 6] How IMO regulations affect Korean oil refiners, shipbuilders
The Korea Herald is publishing a series of articles on the quest of South Korea’s government and businesses to switch to renewable energy. -- Ed.New environmental regulations in international waters could serve as a momentum for Korean oil refiners and shipbuilders to seek new opportunities in the sluggish markets. In response to heightening environmental concerns and growing harmful emissions from ships, the International Maritime Organization has ruled that from January 2020 ships will h
Industry Aug. 19, 2019
-
[Eye Plus] Japanese colonial history in Korea at a glance
On Thursday, a national holiday marking Korea’s independence from Japanese colonial rule on Aug. 15, 1945, the Museum of Japanese Colonial History in Korea was very crowded with visitors wanting to better understand the history of the two neighboring countries amid a deepening diplomatic and trade rift. The two-story museum, which sits in a small alley in Yongsan, central Seoul, opened in August last year through donations from the public, civic groups and academics. It exhibits the h
Culture Aug. 15, 2019
-
SK Innovation secures W800b green loan for EV battery
SK Innovation said it has secured an 800 billion won ($650 million) green loan to expand its investments in electric vehicle batteries. The company said it secured the funds through several financial organizations, including the Korea Development Bank, KEB Hana Bank and Bank of America, without giving further details. A green loan is a new lending activity aimed at making sustainable investments and reducing the impact on the environment with lower interest rates. SK Innovation said the fun
Industry Aug. 15, 2019
-
Korea to toughen rules on cross-border M&As concerning key tech
The government said Tuesday it will tighten regulations on cross-border mergers and acquisitions to curb leaks of high-end technologies to other countries and impose harsher penalties on offenders.The Ministry of Trade, Industry and Energy said it has resolved to revise the related law to better prevent leaks of key technologies. The changes will take effect in February 2020, six months after promulgation. This is a follow-up to the government’s pledge in January to eradicate leaks of indu
Industry Aug. 13, 2019
-
S. Korea to exclude Japan from trade whitelist in September
South Korea is set to drop Japan as a preferred trading partner in September in response to Tokyo’s recent decision to exclude Seoul from its whitelist, officials said Monday. “An export control system on strategic items should be run under ground rules of an international export control system,” said Industry Minister Sung Yun-mo during a press briefing Monday afternoon.“(However) the system should be run accordingly (if a trading partner) operates the system that runs c
Industry Aug. 12, 2019
-
KIC invests $412m in Japanese firms linked to war criminals
State-run Korea Investment Corp. is found to have heavily invested in Japanese companies linked to forced wartime labor, according to sources, prompting concerns about the investment portfolio of domestic financial institutions. It is the latest revelation after the release of the National Pension Service’s investment history last month.According to Rep. Kim Kyung-hyub from the ruling Democratic Party on Friday, the KIC invested about $412 million -- as of last year -- in 46 Japanese compa
Industry Aug. 9, 2019
-
Antitrust regulator nominee says ‘fair economy is vital’
South Korea’s antitrust watchdog nominee Joh Sung-wook said she would keep “fair economic development” in mind, adding both conglomerate reforms and fair economy are vital. The professor at Seoul National University met with reporters on Friday afternoon shortly after President Moon Jae-in nominated her as the new chief of the Fair Trade Commission. “I feel a heavy responsibility to be nominated as the FTC head, who serves a critical role of pursuing a fair economy,
Industry Aug. 9, 2019
-
Female SNU professor nominated to head S. Korea’s antitrust watchdog
President Moon Jae-in has nominated Joh Sung-wook, a professor at Seoul National University, to lead South Korea’s antitrust watchdog, the presidential office said Friday. Joh, 55, will replace former head Kim Sang-jo, who is Moon’s chief policy secretary since June. Currently serving as professor at SNU Business School, Joh previously served as a non-executive member of the Financial Services Commission’s Securities & Futures Commission from April 2013 to April this y
Industry Aug. 9, 2019
-
Japan’s auto parts makers fined W92b over price fixing, reported to prosecutors
Japan’s four-largest automobile parts makers were fined a combined total of 92 billion won ($76 million) by South Korea’s antitrust watchdog for fixing the prices of auto parts, officials said Sunday. According to the Fair Trade Commission, four Japanese car parts firms had fixed prices in collusion when selling alternators and ignition coils to local automakers for 10 years. The four companies included Mitsubishi Electric and Hitachi Automotive Systems, which were fined 80 billion w
Industry Aug. 4, 2019
-
S. Korea to exclude Japan from trade whitelist in retaliation
South Korea plans to exclude Japan from its own whitelist in response to Tokyo’s decision on Friday to remove as a preferred trading partner, as bilateral relations have slumped to the lowest levels since normalizing diplomatic ties in 1965.“The government will resolutely take corresponding measures against Japan’s unjust economic retribution. ... As we have warned earlier, if (Japan) intentionally hits our economy, it must be prepared for greater damages,” President Moon
Industry Aug. 2, 2019
-
Japan takes Korea off list of trusted trade partners, effective Aug. 28
Japan resolved on Friday to remove South Korea from a “whitelist” of 27 countries that receive preferential trade treatment. Japanese Prime Minister Shinzo Abe convened a Cabinet meeting the same day to decide whether to revise the Export Trade Control Order and remove Korea from its list of trusted trading partners.The revised order will be signed by Minister of Economy, Trade and Industry Hiroshige Seko and co-signed by Abe. Seko said the revision would take effect Aug. 28.As of th
Industry Aug. 2, 2019
-
US anti-dumping duties add to pressure on Korean steel firms
South Korean midsized steel companies may face setbacks in the wake of the US move to raise anti-dumping duties on imported oil pipelines, amid global trade uncertainties and price surges in raw materials. According to the steel industry on Wednesday, the US Department of Commerce has imposed anti-dumping tariffs of 38.87 percent on local steel firm Nexteel and 22.7 percent on Seahsteel, effective June 14 for one year. As for other steel companies, the tariff rate was set at 29.89 perc
Industry July 31, 2019
-
South Korea ramps up efforts to protect industries from Japan's export curbs
With just a couple of days remaining for Japan’s decision on removing South Korea from its whitelist of trusted trade partners, the Seoul government and businesses are ratcheting up efforts to protect industries that could be potentially hit by the move.The chances are high that Japan could remove Korea from a whitelist of 27 countries that receive preferential trade treatment after Cabinet approval on Friday. If Korea is removed from the whitelist, domestic companies need to get separate
Industry July 30, 2019
-
South Korea beset by escalating trade tensions
South Korea faces economic disruption as Japan moves to tighten export curbs on materials necessary for local tech frms, along with fresh objections raised by the US that could hurt the domestic agricultural sector.Japan is likely to remove Korea from a whitelist of 27 countries that receive preferential treatment in trade after a Cabinet meeting Friday, major Japanese media outlets reported Monday. Tokyo gathered public opinion on its decision to remove Korea from the whitelist last week. A maj
Industry July 29, 2019
-
Trade minister reaches out to US politicians, businesses over Japan’s export curbs
Trade Minister Yoo Myung-hee warned that Tokyo’s trade measures will set a “risky precedent” while seeking cooperation from US politicians, think tanks and trade organizations over Japan’s export restrictions, the ministry said Friday.During her visit to the US from Tuesday to Thursday, the trade minister met with US politicians, including Commerce Secretary Wilbur Ross, Foreign Affairs Chairman Eliot Engel and Texas Congressman Michael McCaul, as well as think tanks, inc
Industry July 26, 2019
Most Popular
-
1
[Exclusive] Korean military set to ban iPhones over 'security' concerns
-
2
Korean, Romanian leaders discuss defense tech, nuclear energy
-
3
[Graphic News] 77% of young Koreans still financially dependent
-
4
S. Korea calls on Japan to confront history amid Yasukuni Shrine visit
-
5
Yoon’s jailed mother-in-law excluded from latest parole list
-
6
Hybe and Min Hee-jin, CEO of Hybe sublabel Ador, lock horns
-
7
[Pressure points] Leggings in public: Fashion statement or social faux pas?
-
8
Yoo Jae-suk, Yoo Yeon-seok team up in 'Whenever Possible'
-
9
Korea’s homegrown nanosatellite successfully launches into space
-
10
Aging population to drive down Korea's housing prices from 2040: experts