Articles by Son Ji-hyoung
Son Ji-hyoung
consnow@heraldcorp.com-
Embattled Toptec CEO denies spilling tech secrets
Toptec, a South Korean maker of automated machines for production of display panels and semiconductors, denied recent allegations that it had attempted to sell confidential information on technology related to mobile phone screen lamination machines to China.The company also refuted claims that it had failed to protect company secrets of its biggest buyer, Samsung Display. Suwon District Prosecutors’ Office on Friday raided the Toptec headquarters in Gumi, North Gyeongsang Province, a
Market Sept. 17, 2018
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LIG Nex1 partners with KBR to upgrade military systems
LIG Nex1, South Korea’s second-largest aerospace maker and defense company in terms of defense revenue, has sealed an agreement with the US defense system certification agency KBR to gain US Department of Defense certification for Korean military arms, so that they can be equipped with the latest “identification, friend or foe” technology. IFF technology is designed to minimize the chances of “friendly fire” incidents, in which military forces misidentify a target and attack their own troops or
Industry Sept. 17, 2018
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[Herald Design Forum 2018] ‘Space composer’ highlights context in spatial design
With the arrival of the 21st century, innovation has increased connectivity among people to an unprecedented level, redefining communication.Speaking at the Herald Design Forum 2018 at Dongdaemun Design Plaza in Seoul on Friday, Junji Tanigawa, a Japanese spatial designer, entrepreneur and author of “The Space Composer” stressed the role of a spatial designer in the new era as a context provider who helps visitors memorize a space and fulfills expectations that people have about the space. Junji
Arts & Design Sept. 14, 2018
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[Herald Design Forum 2018] Simplicity is ‘interpretation’ of complexity: Red Dot Founder
The simplicity of a product design derives from outstanding treatment of complexity of the modern-day product brimming with high-tech features, Red Dot Founder and Chief Executive Peter Zec said in his lecture at the Herald Design Forum 2018 held Friday at Dongdaemun Design Plaza in eastern Seoul. Peter Zec, Red Dot founder and chief executive, speaks at Herald Design Forum 2018 in Seoul on Friday. (Lee Sang-sup/The Korea Herald)“Simplicty is not the opposite of complexity, it is just a very goo
Arts & Design Sept. 14, 2018
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Prime Minister urges BOK rate hike
South Korean Prime Minister Lee Nak-yon urged the Bank of Korea to raise key interest rate Thursday, citing concerns about financial instability.“Without a rate hike, problems related to capital flight, a widening gap in interest rates between Korea and the United States and the (upward) pressure on (the level of) household debt will persist,” said Lee. “It is high time to take this matter more seriously.” Lee also blamed expansionary monetary policy during the forme
Market Sept. 13, 2018
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NH Investment & Securities picked as most preferred bidder for Seoul Square sales
NH Investment & Securities, South Korea’s second-largest securities firm by net assets, was picked as the most preferred bidder for Seoul Square, a prime office building located in central Seoul, according to the company Wednesday. NH Investment & Securities expects the deal worth 1 trillion won ($890 million) to be complete by the end of November, which would be the second-priciest bid in Korea following an M&G Real Estate Korea 1.1 trillion-won purchase deal of the Centropoli
Market Sept. 12, 2018
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Securities firms remove 40% of Korean branches in 7 years
South Korea’s securities firms saw their local branch network shrink by 40.3 percent in the past seven years until June this year, with the arrival of mobile trading infrastructure here, data showed Wednesday. According to the Korea Financial Investment Association, the number of brick-and-mortar branches of 56 securities firms that locate at least one business unit in Korea came to 1,116 as of end-June, indicating that 756 branches in Korea have been removed since June 2011. By brok
Market Sept. 12, 2018
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Samsung Asset Management to provide Korea's 1st ETF built on big data analytics
The Korea Exchange, South Korea’s sole market operator, will list an exchange-traded fund Wednesday that tracks an index built on big data technology. The Kodex Secondary Battery Industry ETF, provided by Samsung Asset Management, will mark the first to use this methodology for this purpose, according to Ko Young-tae, an official in charge of ETF listings at the KRX.The big data techniques will include semantic analyses centering on online materials such as disclosures, investor relations
Market Sept. 11, 2018
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Hurdles to foreign arbitrage explain ‘kimchi premium’: BOK
Hurdles that impede the flow of cross-border transactions have created cryptocurrency price gaps of more than 40 percent between Korea and other countries, researchers from South Korea’s central bank said Tuesday.The Bank of Korea researchers added that the underlying factors were unlikely to disappear in the near future, meaning the so-called “kimchi premium” is likely to endure for some time. The term “kimchi premium” refers to the gap in cryptocurrency prices on
Market Sept. 11, 2018
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MERS fears boost related stocks
South Korean investors on Monday began to rush to stocks in business areas related to the production of face masks and the development of vaccines, after the recent return of Middle East respiratory syndrome.But foreign investors contributed little to the sharp upward trend in demand for these stocks. Upon market opening at 9 a.m., GeneOne Life Science, a Korean drugmaker known to have been pursuing development of a MERS vaccine; and Okong, a maker of adhesive products including disposable
Market Sept. 10, 2018
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Real estate trust companies set record with H1 income
South Korea’s 11 real estate trust companies logged a combined 285.3 billion won ($253.1 million) net profit in the first half of 2018, surpassing their performance in all previous half-years, preliminary data showed Monday. The figure represented an on-year increase of 17.6 percent, and business was in the black for all 11 companies, according to the Financial Supervisory Service, Korea’s financial watchdog.Meanwhile, the companies’ operating profits soared 17.1 percent
Market Sept. 10, 2018
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[Kosdaq Star] Prepaid card biz a catalyst for Kona I
This is the 61st in a series of articles analyzing major companies traded on the tech-heavy Kosdaq market. -- Ed.South Korea’s leading smart card part manufacturer Kona I is gaining market presence as a reloadable prepaid card provider, catalyzed by a series of events over the past couple of months.Analysts have expressed optimism that the Seoul-headquartered firm, which has been running at a loss since 2016, can make turnaround by the end of this year.As of Friday, Kona I was the 193rd-la
Market Sept. 9, 2018
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BOK hawkish signs abate as uncertainties arise
South Korea’s central bank on Friday held the key rate steady at 1.5 percent for a ninth consecutive month on sluggish employment and external unease in August, defending its “accommodative” stance in normalizing monetary policy.The Bank of Korea cited sluggish employment conditions and spreading global trade protectionism, while expressing optimism for consistent domestic economic growth, favorable movements in exports and a moderate level of consumer price inflation at a
Market Aug. 31, 2018
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Pyeongtaek BIX to serve as hub of YESFEZ
On July 20, 47,000 square meters of land in the port city of Pyeongtaek, Gyeonggi Province, 65 kilometers south of Seoul, began to be parceled out to companies with foreign ownership that have sought lower expenses in business administration and synergy effect. (Gyeonggi Urban Innovation Corporation)By giving priority in sales of land in its industrial complex to Korean auto part makers and machine manufacturers that had received foreign investment, authorities said Pyeongtaek BIX will serve as
Industry Aug. 30, 2018
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Woori Bank to become 1st Korean commercial bank to shorten workweek
Woori Bank will become South Korea’s first commercial bank to shorten its workweek to 52 hours, a step to be implemented within a yearlong grace period under a government statute designed to help employees achieve a better work-life balance.Following an agreement between the bank’s management and its labor union, Woori Bank will begin phasing in the new policy in October. Teams or branches that require assistance will be reinforced with more employees, according to the bank. In addit
Market Aug. 30, 2018
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