Articles by Shin Ji-hye
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Shin Ji-hye
shinjh@heraldcorp.com-
Land Minister nominee apologizes for past remarks at hearing
Land Minister nominee Byeon Chang-heum repeatedly apologized for controversial past remarks after being blasted by opposition lawmakers at his confirmation hearing Wednesday. He also pledged to supply more homes in station areas to address housing shortages. At the parliamentary confirmation hearing, lawmakers from the opposition party called for the nomination of Byeon, CEO of the state-run housing developer Korea Land & Housing Corp., to be withdrawn, saying he does not have “the m
Politics Dec. 23, 2020
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Court hearing held on Yoon’s 2-month suspension
The process of reviewing the legalities of Prosecutor General Yoon Seok-youl’s suspension began Tuesday, with a Seoul court holding a hearing on Yoon’s suit to lift the suspension. The court’s decision could turn the tables yet again on Minister of Justice Choo Mi-ae. The Seoul Administrative Court held a hearing at 2 p.m. to interrogate the suspension of the order filed by Yoon against Justice Minister Choo Mi-ae. Yoon did not attend. Deliberation ended at 4:16 p.m. The
Politics Dec. 22, 2020
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[Eye Plus] Hwangudan Altar, remains in the city but unfamiliar to many
Hwangudan Altar, located next to the Westin Chosun Hotel in Jung-gu, Seoul, is an artifact in the middle of the city, but not many people know it. The altar, which was designated as Historical Site No. 157 on July 15, 1967, was where an emperor performed sacrifices to heaven. King Gojong performed sacrifices to heaven at the end of the Joseon Dynasty when he proclaimed the Korean Empire in 1897 after the First Sino-Japanese War. King Gojong’s declaration of the Korean Empire and
Culture Dec. 19, 2020
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All frontline workers, high-risk people to be vaccinated by November next year
South Korea said Friday it would prioritize frontline workers and people in high-risk groups in vaccinations, but some of them may have to wait until November next year. Yang Dong-gyo, head of the medical safety prevention bureau of the Korea Disease Control and Prevention Agency, said at a briefing that the government aims to complete the vaccinations before the flu season begins in November. Priority groups include the elderly, residents of group facilities such as nursing homes, chronic
Social Affairs Dec. 18, 2020
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Prime minister says ‘social consensus necessary’ to raise distancing rules to Level 3
With growing interest in whether social distancing rules will be raised to Level 3 after the daily average number of confirmed cases in Korea surpassed 900 this week, Prime Minister Chung Sye-kyun said Friday social consensus should be achieved sufficiently before moving to stricter rules. The government would “make a bold decision” when it deemed it necessary, he added. “We are collecting opinions from related ministries, local governments and experts as we need to quickly
Politics Dec. 18, 2020
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MIKTA countries join forces to meet challenges of pandemic era
South Korea’s National Assembly presided over the sixth MIKTA Speakers’ Consultation on video Thursday. The theme of the event was “Complex challenges and parliamentary leadership in a pandemic era.” Launched in 2013, MIKTA is a consultative body made up of five middle powers -- Mexico, Indonesia, Korea, Turkey and Australia -- that share the core values of democracy and a free-market economy. Since 2015, each of the five member states has hosted one meeting with Korea
Foreign Affairs Dec. 17, 2020
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Seoul regulates older vehicles, industrial sites to curb pollution
To combat concerns about fine dust, especially during the winter, the city government of Seoul has toughened regulations on high-polluting vehicles and construction sites in the December-to-March period. The Seoul Metropolitan Government first launched the winter season fine dust management program last year to lower the fine dust levels of the city during the winter, when they are usually at the highest. This year, the city government implemented the program starting from Dec. 1 and it will
Social Affairs Dec. 17, 2020
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Movie director Kim Ki-duk dies of coronavirus
South Korean movie director Kim Ki-duk died of complications from COVID-19 in Latvia on Friday. News reports from Russia said the director died in the hospital from complications associated with COVID-19. Kim Ki-duk's family confirmed to multiple Korean media that the news was correct and that they had received a call on the day. According to the sources, Kim arrived in Latvia in the middle of last month. He reportedly lived there with the help of film industry figures in L
Film Dec. 11, 2020
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Posco chief tapped for second term
Posco CEO Choi Jeong-woo has been chosen for a second term, the company said Friday. The steelmaker’s board of directors unanimously decided to reappoint Choi, whose term expires in March. The appointment is subject to final approval at the company's shareholders’ meeting, slated for March. Choi took office as the company’s ninth CEO in July 2018. It is customary for Posco CEOs to serve consecutive terms. By Shin Ji-hye (shinjh@heraldcorp.com)
Industry Dec. 11, 2020
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Audi Volkswagen Korea to launch 8 EV models over 3 years
Audi Volkswagen Group has unveiled its electrification strategy and business plans in the Korean market over the next years. The group said in a digital press conference Friday its four affiliated brands -- Audi, Volkswagen, Lamborghini and Bentley -- will release more than 20 new models next year and eight electric car models within three years in the Korean market. The German automaker plans to increase the proportion of electric vehicle sales in Korea to 11 percent of the total sales b
Mobility Dec. 11, 2020
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HHI Group chosen as preferred bidder for Doosan Infracore takeover
Hyundai Heavy Industries Group has been selected as the preferred bidder to acquire a controlling stake in Doosan Infracore, Doosan Group’s engineering unit, HHI Group confirmed Friday. A consortium of Hyundai Heavy Industries Holdings, HHI Group‘s holdings company, and private equity firm KDB Investment beat out local construction materials firm Eugene Corp. in the takeover race. It offered about 800 billion won ($735 million) for a 35.41 percent stake in the firm. The equity
Industry Dec. 11, 2020
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Hyundai to invest W60tr by 2025
Hyundai Motor unveiled Thursday its new “2025 Strategy” for innovative mobility solutions and core business strategies such as electric vehicles, urban air mobility, autonomous driving, fuel cells and the hydrogen ecosystem. The nation’s largest automaker announced the plan during its CEO Investor Day forum held online for shareholders, analysts and credit rating agency officials. During the event, the company vowed to invest 60.1 trillion won ($55 billion) in future busines
Mobility Dec. 10, 2020
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[News Focus] Revised laws may have big ramifications for major conglomerates
South Korean businesses on Thursday cried foul over the passage of what they called anti-business bills, saying the revisions could threaten management controls and put pressure on them at a time of unseen hardships stemming from the pandemic. Among the bills that passed the National Assembly on Wednesday, a revision to the Commercial Act regarding the “3 percent rule” has been met with the most criticism. The amendment requires listed companies to elect at least one auditor fro
Industry Dec. 10, 2020
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Kia Motors workers to strike again for three days
Kia Motors’ labor union on Wednesday began a partial strike, its third collective action this year, following the collapse of negotiations over wages and other issues a day earlier. Lost production from strikes this year is expected to exceed 30,000 vehicles. Representatives of the management and the union held talks for two days, but failed to reach a compromise. Following the talks’ collapse at midnight Tuesday, the union decided to cut work short by four hours per day for three
Mobility Dec. 9, 2020
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Conglomerates spent more on R&D this year despite pandemic
Faced with growing market uncertainties stemming from the pandemic, large companies in South Korea expanded their research and development investment to secure future growth engines. Samsung Electronics and Naver led the way, data showed Wednesday. According to an analysis conducted by Seoul-based corporate tracker CEO Score of 217 of the nation’s top 500 companies by revenue, the companies’ total aggregate R&D spending came to 40 trillion won ($36 billion) from January to Sept
Industry Dec. 9, 2020
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