Articles by Shin Ji-hye
Shin Ji-hye
shinjh@heraldcorp.com-
Posco to invest W20b in smart factories for SMEs
South Korea’s largest steelmaker Posco plans to support small steel companies to build their smart factories, investing 20 billion won ($16.9 million) over the next five years, according to the company on Sunday. A total of 30 billion won in investment -- including 10 billion won from the Ministry of SMEs and Startups -- will be injected to help around 500 selected companies, Posco said. Through the project, companies willing to build smart factories will be provided with up to 100 m
Industry June 9, 2019
-
Steel industry beset by tougher environmental regulations
South Korea’s increasingly stringent environmental regulations are hobbling its steel industry, already beset by falling sales and rising raw material prices. Last week, three regional governments representing South Chungcheong Province, North Gyeongsang Province and South Jeolla Province insisted that local steel companies Posco and Hyundai Steel halt their steel mills for 10 days over violations of the Clean Air Conservation Act. The provincial governments said Posco’s steel
Industry June 9, 2019
-
[Herald Interview] 'Robots can not replace human workforce, at least not now'
Will robots replace human workforce?That is a question constantly raised with the advancement of new technologies that make robots smarter and more autonomous. That is, however, “undue concern,” says the chief of South Korea’s state-run robot institute, who has been in the industry for more than 30 years. “Technological developments to make a human-like robot is still in the early stages worldwide,” Korea Institute for Robot Industry Advancement President Moon Jeon-
Industry June 6, 2019
-
Moon joins test drive of Korea’s first hydrogen-powered city bus
President Moon Jae-in on Wednesday joined a test drive of the nation’s first city bus powered by hydrogen and developed for commercial use, demonstrating his administration’s drive to nurture the development of fuel-cell electric vehicles. The president took the nation’s first hydrogen bus planned for regular intracity bus service at an event held on the sidelines of World Environment Day in Changwon, South Gyeongsang Province. It was the third test drive of hydrogen cars for M
Industry June 5, 2019
-
South Korea to toughen sanctions on habitual tax delinquents
South Korea will toughen sanctions on habitual tax delinquents who owe huge sums, amid growing public criticism over the problem. “The government plans to toughen sanctions on taxpayers who habitually owe taxes despite being (financially) capable of paying, as public anger grows over the individuals who conceal their assets and live in luxury,” said a joint statement issued Wednesday by the ministries of finance, safety, health, law, justice, tax and customs. Beginning next year
Industry June 5, 2019
-
[Photo News] Startup Branch
Korea International Trade Association Chairman Kim Young-ju (left) and Industry Minister Sung Yun-mo attend the opening ceremony of Startup Branch on Tuesday at Coex in southern Seoul. The space, divided into four areas -- offices, a pitching center, a consultation area and a cafeteria -- is designed to run programs that help local startups advance overseas.
Industry June 4, 2019
-
South Korea's largest job fair for foreign firms kicks off
South Korea’s largest job fair for foreign companies began on Tuesday at Coex in Seoul, with 159 firms readying to recruit young job seekers. The two-day annual career expo with the largest number of participating companies this year is co-hosted by the Ministry of Trade, Industry and Energy and Seoul Metropolitan Government and co-organized by Korea Trade Investment Promotion Agency (KOTRA) and Financial Supervisory Service. The companies include Hewlett Packard Korea, Tokyo Electron Kore
Industry June 4, 2019
-
HHI shareholders approve split-up plan amid union backlash
Shareholders of Hyundai Heavy Industries on Friday approved a split-up plan of the company amid intense opposition from the labor union.The split is the first step for the country’s largest shipbuilder to carry out its proposed merger with runner-up Daewoo Shipbuilding & Marine Engineering.In March this year, HHI signed a deal with Korea Development Bank to acquire DSME for 2 trillion won ($1.7 billion). The state-run bank is the largest shareholder of cash-strapped DSME, with a 55.7 p
Industry May 31, 2019
-
Google changes unfair terms for YouTubers’ content at FTC’s request
Google has changed terms and conditions related to copyright infringement on its video-streaming platform YouTube at the request of South Korea’s antitrust watchdog, the government said Thursday. The Fair Trade Commission said the US tech firm had changed eight terms and conditions in a follow-up to the request in March. The authorities had asked for the revision of clauses that allowed YouTube to arbitrarily delete and reuse videos posted by users.Under the revised terms, if a user’
Industry May 30, 2019
-
[Newsmaker] Protests against HHI-DSME merger escalate
Protests by the workers of Hyundai Heavy Industries against a tie-up with Daewoo Shipbuilding & Marine Engineering are escalating, with labor unions of Hyundai Motor and DSME joining the strike on Wednesday. Two days ahead of HHI’s shareholders meeting to decide on modalities of the merger, the workers’ protests intensified by occupying the venue and staging an all-out strike to disrupt the meeting. If the proposal for physical division of the company after merger is passed
Industry May 29, 2019
-
LG Electronics fined by FTC for false advertising
LG Electronics was fined 50 million won ($42,000) by South Korea’s antitrust watchdog for false advertisement of one of its home appliances, the government said Tuesday. The Fair Trade Commission said LG falsely advertised that plastic containers inside its Kimchi refrigerators received certification from the US Food and Drug Administration. LG’s Kimchi containers met the safety standards of the FDA but did not receive certification. The FDA certifies only medicines and not plas
Industry May 28, 2019
-
Industry minister urges Chinese companies to invest in Saemangeum
South Korea’s minister of trade, industry and energy asked Chinese companies to expand their investment in the nation’s Saemangeum projects during a meeting hosted by China’s Jiangsu government on Monday with the aim of boosting ties in trade and investment. On Monday afternoon, Industry Minister Sung Yun-mo and Jiangsu Party Secretary Lou Qinjian met in Seoul to discuss mutual cooperation in the areas of industry, trade and investment. During the meeting, accompanied by t
Industry May 27, 2019
-
Korea’s micro fuel cell standards internationally certified
South Korea’s micro fuel cell technologies were certified by an international standards organization, becoming the nation’s first hydrogen technologies to receive international certification, according to the government Sunday. The standards on micro fuel cells were certified three years after the Ministry of Trade, Industry and Energy proposed it to the Geneva-based International Electrotechnical Commission in April of 2016. The approval came after much discussion and verification b
Industry May 26, 2019
-
‘Competition laws should be more flexible in digital era’
The South Korean antitrust watchdog will be more flexible in enforcing competition laws with the emergence of new services and products in the digital era, its chief said following a meeting with large companies Thursday. Fair Trade Commission Chairman Kim Sang-jo held a closed-door policy meeting with top executives from 15 companies, including Hanjin, CJ, Kumho Asiana, Kolon, OCI and Kakao -- the nation’s largest companies ranking from 11th to 34th by assets.This is the fourth time Kim h
Industry May 23, 2019
-
Ministry, municipalities in talks to attract foreign investors for projects worth $1.8 billion
South Korea is negotiating with foreign investors over new investment projects valued at $1.8 billion, according to the government. On Wednesday, the Ministry of Trade, Industry and Energy held a foreign investment policy meeting with 17 regional governments and seven free economic zones. Such meetings are held every quarter to monitor foreign investment and address challenges. The ministry said regional governments and free economic zones are in talks with foreign investors for 29 new inve
Industry May 22, 2019
Most Popular
-
1
Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
-
2
Korea’s homegrown nanosatellite successfully launches into space
-
3
[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
-
4
Nicaragua shuts down Seoul embassy
-
5
Medical reform committee kicks off despite boycott from doctors
-
6
Hybe's multilabel system tested amid conflict with Ador
-
7
SNU profs to suspend treatment for one day
-
8
Rocket engine expert, ex-NASA exec to lead Korea's new space agency
-
9
SK hynix pledges W20tr to ramp up DRAM production at home
-
10
10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification