Articles by Shin Ji-hye
Shin Ji-hye
shinjh@heraldcorp.com-
Defense ministry finds hacking attempts against its reporters
Unidentified hackers, suspected to be based in China, have been caught trying to steal data from media reporters covering South Korea's Ministry of National Defense, ministry officials said Friday."We've confirmed that a handful of reporters covering the ministry have received an e-mail which carries the malicious code this week," a ministry official said, explaining that once the email is opened, it automatically imbeds the virus code into the computer."The code embedded into the computer is me
Defense Aug. 22, 2014
-
Korea’s card spending at W50tr in July
South Korea’s card spending stood at around 50 trillion won ($48 billion) last month, up by 2.4 trillion won ― or 5.1 percent ― from the same period last year, according to the Credit Finance Association of Korea on Thursday. Though the spending rose, the on-year growth rate was still below the 7.2 percent recorded in July last year. The association said this was due to the nation’s prolonged economic downturn. “In recent months, consumers’ disposable income dropped because of rising apartment r
Aug. 21, 2014
-
Chinese tourists on track to spend W30tr in 2020
Chinese tourists are expected to spend over 30 trillion won ($29 billion) in the domestic market in 2020, according to industry data. According to a report published by Hana Daetoo Securities, the number of Chinese tourists in South Korea will reach 15 million by 2020 based on an annual average growth rate of 20 percent. They are predicted to spend around 30 trillion won in that year to record a five-fold increase from last year’s 6 trillion won. The 30-trillion-won figure corresponds to around
Industry Aug. 20, 2014
-
Lotte vice chief to meet Myanmar’s deputy minister
The Myanmarese economic deputy minister is expected to meet with Lotte Group’s vice chairman Lee In-won in early September when he visits here. The two are expected to discuss business opportunities centering on calls from Myanmar to Lotte to invest more in Myanmar’s food and hotel businesses, according to industry sources. Lee Jae-hyuk, chief executive of Lotte Chilsung Beverage, a unit of Lotte Group, will also reportedly accompany the Lotte vice chairman to the meeting. “We believe Myanmar’s
Industry Aug. 19, 2014
-
[Herald Interview] Central Asia, Korea bolster forest partnership
South Korea aims to bolster its forest partnership with Central Asia by sharing its forest expertise and boosting cooperation in restoring the region’s damaged forest ecosystem, the national forestry chief said.“Central Asia is becoming an important region to South Korea as a growing number of Korean companies have been making inroads into the countries, which have abundant natural resources and high growth potential,” said Shin Won-sop, minister of the Korea Forest Service, in an interview with
Industry Aug. 18, 2014
-
Korea to expand corporate pension plan
The government is expected to unveil an improved corporate pension plan at the end of this year with an extension of corporate pension plans and deregulation on the of their operations.Under the proposed revision of the corporate pension system, Korean companies with over 300 employees will be obliged to run a retirement pension plan for their employees by 2016, and this will be expanded to all companies by 2024.State-run think tank Korea Development Institute proposed the improvements at the po
Industry Aug. 17, 2014
-
Ex-LIG chief may head insurance association
A former CEO of LIG Insurance is expected to become the new head of the General Insurance Association of Korea, according to industry sources Thursday. The sources said that one of the two candidates selected by the nomination committee ― Kim Woo-Jin, former vice chairman of LIG Insurance ― stepped down, leaving only Jang Nam-sik, former chief executive of LIG Insurance in the race.Jang holds a bachelor’s degree in social science from Seoul National University. He has worked for LIG Insurance fo
Industry Aug. 14, 2014
-
Trade volume between Korea, Japan drops
South Korea’s trade volume with Japan has seen a decline recently on the back of a weak yen and Seoul’s reduced reliance on importing industrial parts and materials from the country, according to the Korea International Trade Association. KITA said trade volume between the two nations had reached $42.9 billion in the first half of this year to record a 9.8 percent drop from the same period last year. The figure is the lowest since 2009, in the midst of the global financial crisis, when trade vol
Industry Aug. 14, 2014
-
Finance minister urges Assembly to pass economic stimulus bills
Choi Kyung-hwan, the deputy prime minister for economic affairs and finance minister, urged economic ministers Friday to step up their efforts to help pass economic stimulus bills pending in the National Assembly. “Legislative support is needed from the National Assembly in order to revive the economy. However, many of the economic stimulus bills are still pending, dragging down the government’s push to jumpstart the slowing economy,” Choi said in an emergency meeting with economy-related minist
Industry Aug. 8, 2014
-
Korea to hold international irrigation, drainage congress
Global agricultural leaders and professionals are to gather next month at the International Commission on Irrigation and Drainage Congress hosted by South Korea’s Ministry of Agriculture, Food and Rural Affairs, and the Korea Rural Community Corporation. The ICID Congress ― the largest international conference on irrigation and drainage ― will bring together up to 1,200 government officials and specialists from 60 countries who will share their knowledge and research in Gwangju from Sept. 14-20.
Industry Aug. 7, 2014
-
KB Financial bets big on diversification
KB Financial Group, the nation’s largest financial group, expects its persistent efforts toward business diversification to help it overcome a recent crisis involving extensive data leaks. The diversification scheme is mainly focused on weaning the group off its traditional banking businesses to branch out into non-banking sectors, such as insurance and loan brokering.One example is its launch of KB Capital in March, following its acquisition of Woori Financial.Only five months in, KB Capital ha
Industry Aug. 7, 2014
-
Korea EXIM Bank issues bonds worth $1 billion
The Export-Import Bank of Korea said it has issued foreign currency bonds worth $1 billion to investors in the global market on Wednesday. The bank issued 5-year and 12-year bonds to raise $500 million with each, and their interest rates were 72.5 bps and 85 bps higher than U.S. government bonds, respectively. In particular, the 5-year bond’s interest rate is the lowest since the global financial crisis in 2008, the bank’s official said. Their interest rates are around 17.5 to 45 bps lower than
Industry Aug. 6, 2014
-
Low female employment rate weakens Korea’s productivity
Analysts warned Tuesday that Korea’s productivity will suffer if Asia’s fourth-largest economy fails to address its low rate of female workforce participation. South Korea continues to struggle with low female economic activity due to socioeconomic factors including a lack of financial support for child care and education, and discrimination.The analysts suggested government intervention and policy revisions that could benefit both private companies and female workers.Easing the taxes on working
Industry Aug. 5, 2014
-
‘Live your today,’ Hanwha Life ad tells viewers
Hanwha Life Insurance, the nation’s second-largest insurer, is reaching out to customers with heartfelt a advertising campaign. Its latest television commercial, called “Live your today,” is part of a series of marketing initiatives encouraging people to lead happier lives. The new commercial questions the traditional way of thinking that calls for the younger generation to sacrifice the present for a better future, emphasizing that the more important values in life involve pursuing true happine
Industry Aug. 4, 2014
-
Death toll from quake in south China rises to 398
Rescuers dug through shattered homes Monday looking for survivors of a strong earthquake in southern China's Yunnan province as the death toll rose to at least 398 people, with more than 1,800 injured. About 12,000 homes collapsed when the quake struck Sunday afternoon in impoverished Ludian county, around 370 kilometers (230 miles) northeast of Yunnan's capital, Kunming, China's official Xinhua News Agency reported.Ma Yaoqi, an 18-year-old volunteer in the quake zone, said by phone that at leas
World News Aug. 4, 2014
Most Popular
-
1
Blinken calls on China to press N. Korea to end its 'dangerous' behavior
-
2
New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
-
3
Tensions heighten ahead of first president-opposition chief meeting
-
4
Seoul to provide housing subsidy to married couples with newborns
-
5
[Weekender] How DDP emerged as an icon of Seoul
-
6
Rapper jailed after public street fight with another rapper
-
7
Doctor group's incoming head renews call for govt. to scrap medical school quota hike for dialogue
-
8
Woman gets suspended term for injuring boyfriend with knife
-
9
[KH Explains] No more 'Michael' at Kakao Games
-
10
NewJeans pops out ‘Bubble Gum’ video amid troubles at agency