Articles by 최희석
최희석
-
Politicians, tycoons in feud over testimony
Friction between politicians and the business community is escalating, fueled by the National Assembly’s plans to call Federation of Korean Industries chairman Huh Chang-soo and other top businessmen to its hearings.At a press conference Tuesday, Huh said that he was opposed to the plans to remove tax benefits for businesses. He criticized policies such as halving university tuition fees as impuls
Industry June 23, 2011
-
POSCO unit signs housing-compound project in Russia
POSCO announced Wednesday that its construction subsidiary POSCO A&C signed a contract to build a housing complex for a coalfield in Sakha Republic in eastern Russia.Under the contract, issued by Russia’s largest resource developer Mechel, POSCO A&C will build a 48,000 square meter housing compound for workers at the Elga coalfield in Sakha Republic.POSCO A&C plans to begin works on the compound i
Industry June 22, 2011
-
SK Group says securities unit’s fate undecided
Conglomerate denies reports on selling SK Securities to SK C&CSK Group remains undecided despite the fast-approaching deadline for complying with fair trade laws dictating that the group divest itself of stakes in SK Securities Co.On Tuesday, the group denied a Yonhap News Agency report that it had decided to sell SK Securities shares to the IT services provider SK C&C if the revised bill is not p
Industry June 21, 2011
-
POSCO listed as world’s most competitive steelmaker for 2nd time
The steelmaker POSCO announced Monday that it was ranked top in the U.S.-based steel industry analysis firm World Steel Dynamics’ World-Class Steelmaker’s list for the second consecutive year. In this year’s report, World Steel Dynamics rated 34 steelmakers in 23 categories including technological capability, profitability and access to raw materials. POSCO scored 8.12 points to take the top spot.
Industry June 20, 2011
-
STX to build shipyard in Russia
STX Corp. announced Monday that it signed a memorandum of understanding on building a shipyard for Russia’s state-run shipbuilder United Shipbuilding Corp. at the international economic forum held in St. Petersburg on Friday.Under the agreement, STX, which counts construction and shipbuilders among its subsidiaries, will undertake the $1 billion project to build a shipyard in St. Petersburg. The c
Industry June 20, 2011
-
Customs agency uncovers overseas money laundering
The largest money-laundering scam conducted through overseas tax-havens has been uncovered by the Korea Customs Service.According to reports, the Korea Customs Service uncovered a money laundering scam by a local intermediate trading firm involving foreign currencies valued at 762.5 billion won ($704.1 million).The company imports petrochemical products, which it then exports to other markets. The
June 20, 2011
-
Rising mortgage rates could dampen spending
Mortgage rates hit a 30-month high fueled by Bank of Korea’s rates hike this month, raising concerns for damaging effects to the economy.On June 10, the central bank raised the benchmark rate by 0.25 percentage points to 3.25 percent in an effort to counter the rising inflationary pressure. Against market expectations, the central bank had kept the rates frozen for two consecutive months in April
June 19, 2011
-
First Global Green Growth Summit to open in Seoul today
The first Global Green Growth Summit 2011 will begin in Seoul on Monday. The two-day summit, timed to mark the one-year anniversary of the launch of the Global Green Growth Institute, will be held under the theme of Building Planet-Responsible Civilization. Headquartered in Seoul, the Global Green Growth Institute was launched on June 16, 2010 with the aim of developing a green-growth economic dev
June 19, 2011
-
POSCO to set up processing joint venture in China
POSCO will set up a joint venture with the Chinese steelmaker Tonghua Iron and Steel Group.According to the Korean steelmaker, it has formed an agreement with the Chinese firm to establish an automotive plate processing joint venture with an annual processing capacity of 200,000 tons.The plant will be located in a special economic development zone in Huinan Country in Jilin Province. POSCO will ho
Industry June 16, 2011
-
BC Card to take overseas fee issue with Visa to FTC
BC Card Co. is upping the ante in the dispute over an overseas fee system imposed by Visa.According to industry sources, BC Card has decided to file a report with the Fair Trade Commission about Visa over the U.S.-based company’s policy of charging fees on transactions taking place outside of Korea.Visa charges a fee equal to 1 percent of the transaction amount for every time a Visa card is used i
June 16, 2011
-
[Herald Interview] Cushman and Wakefield opens frontiers with cross-border retail
With real estate being an essential element in any business that requires stores or offices, the industry ties in to most conventional businesses.Real estate services provider Cushman and Wakefield Korea is taking that natural tie-in a step further.Since last year, the company has been supporting retailers to cross borders. “It’s split into two major sections. We’re helping to export Korean retail
Industry June 16, 2011
![[Herald Interview] Cushman and Wakefield opens frontiers with cross-border retail](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2011/06/16/20110616000685_0.jpg&u=20110616185101)
-
Finance Ministry, BOK agree on policy coordination
The Bank of Korea and the Ministry of Strategy and Finance will increase policy coordination as they work to minimize the effect of uncertainties in domestic and international economic conditions. The measures were announced in a joint statement released by the central bank and the ministry following an early morning meeting between Bank of Korea Governor Kim Choong-soo and Finance Minister Bahk J
June 15, 2011
-
Asiana Airlines opens lounge for disabled people
Asiana Airlines opened the first airport lounge specifically for the disabled at Incheon International Airport on Wednesday.The company also donated wheelchairs to a support center for the disabled at the ceremony marking the opening of the lounge.The event was attended by officials from Asiana Airlines, including its chief executive Yoon Young-doo and those from an Incheon-based welfare organizat
Industry June 15, 2011
-
Chaebol heirs prove their mettle as leaders
Third-generation members of business families moving up the executive ladderThird-generation chaebol family members appear to be rapidly consolidating their positions at the country’s largest conglomerates.Among the grandchildren of chaebol founders, Hyundai Motor Group’s Chung Eui-sun is taking the fastest route to the top. On Aug. 20, 2009, Hyundai Motor Group promoted chairman Chung Mong-koo’s
Industry June 15, 2011
-
POSCO opens 1st overseas facility for processing steel thick plates
POSCO opened its first overseas thick-plate processing center in China on Tuesday. These are steel plates thicker than 6 millimeters used in shipbuilding and heavy equipment production.The center, POSCO-China Dalian Plate Processing Center or POSCO-CDPPC, is located on Changxing Island of the coast of Dalian in Liaoning province, Northeast China. “China was chosen for the site of the company’s fir
Industry June 14, 2011
![[Herald Interview] Cushman and Wakefield opens frontiers with cross-border retail](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2011/06/16/20110616000685_0.jpg&u=20110616185101)
Most Popular
-
1
Smugglers caught disguising 230 tons of Chinese black beans as diesel exhaust fluid
-
2
Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
-
3
[Today’s K-pop] Blackpink’s Jennie, Lisa invited to Coachella as solo acts
![[Today’s K-pop] Blackpink’s Jennie, Lisa invited to Coachella as solo acts](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/21/20241121050099_0.jpg&u=20241121172748)
-
4
Dongduk Women’s University halts coeducation talks
-
5
Defense ministry denies special treatment for BTS’ V amid phone use allegations
-
6
OpenAI in talks with Samsung to power AI features, report says
-
7
Two jailed for forcing disabled teens into prostitution
-
8
Disney+ offers sneak peek at 2025 lineup of Korean originals
-
9
South Korean military plans to launch new division for future warfare
-
10
Gold bars and cash bundles; authorities confiscate millions from tax dodgers
![[Today’s K-pop] Blackpink’s Jennie, Lisa invited to Coachella as solo acts](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/21/20241121050099_0.jpg&u=20241121172748)
