The Korea Herald

Ssangyong E&C signs deal for condos in Vietnam

Ssangyong Engineering and Construction Co. announced Sunday that it has won a $57.8 million contract to build part of a condominium complex in Vietnam.Under the contract, issued by a subsidiary of the Singaporean real estate developer Keppel Land, Ssangyong E&C will build three of the 12 residential

Industry Oct. 2, 2011

HSBC may soon clarify banking closure rumors

HSBC Holdings’ Korean branch is likely to clarify rumors that it is planning to shut down retail banking operations here soon.According to reports that first came out late September, HSBC has drawn up plans to pull out of Korea’s retail banking market and began the process of selling related assets,

Oct. 2, 2011

Mando names chief executive

Shin Sa-hyunHalla Group, the parent company of Mando Corp., has named Shin Sa-hyun the company’s next chief executive officer, the company announced Friday.Following the change, Mando vice president Byun Jung-soo will be in charge of auto parts and the company’s ice hockey team. The officials said t

People Oct. 2, 2011

Korean patent office to export IP automation

KIPO gains foothold in African marketThe Korean Intellectual Property Office will develop an automated patent information system for the African Regional Intellectual Property Organization, Korea’s patent office announced Thursday.According to the KIPO, its commissioner Lee Soo-won signed a memorand

Industry Sept. 29, 2011

Korean patent office to export IP automation

Air Asia X slashes fares as it seeks expansion in Korea

Air Asia X, a Malaysian long-haul low cost carrier, is offering flights to Kuala Lumpur for as little as 100,000 won ($85) as part of its drive to expand its presence in the Korean market.According to the company’s CEO Azran Osman-Rani the limited time offer, which ends on Oct. 4, is only a small pa

Industry Sept. 29, 2011

Korean Air awarded for top first class cabin

Korean Air received the top award for its first class seats, the carrier announced Thursday. The airline said it was awarded the Asia’s Leading Airline First Class award at the World Travel Awards Asia and Australia in Bangkok on Wednesday. This is the second consecutive year Korean Air has been sel

Industry Sept. 29, 2011

New hall doubles KINTEX’s floor space

The second exhibition hall of the Korea International Exhibition Center, or KINTEX, in Goyang, Gyeonggi Province opened Wednesday.Minister of Knowledge Economy Choi Joong-kyung attended the opening ceremony, which doubled as the opening event of an industrial exhibition that combines six events.With

Industry Sept. 28, 2011

STX Group looks to resources, energy to support future growth

Conglomerate focuses on overseas resources as it seeks No. 7 spot among Korean business groupsSTX Group is looking to develop its energy and resource development business into a major part of its portfolio that will generate a quarter of its revenue target set for 2020.Under the “Vision 2020” plans

Industry Sept. 28, 2011

STX Group looks to resources, energy to support future growth

Minister resigns over power cuts

Minister of Knowledge Economy Choi Joong-kyung informed the president of his intention to step down on Tuesday, the ministry said.According to the Ministry of Knowledge Economy, Choi expressed his intention to step down to President Lee Myung-bak after the cabinet meeting Tuesday morning and hand in

Sept. 27, 2011

Hanwha names chief of city development subsidiary

Hanwha Group appointed Bong Hee-ryong as the new chief executive of Hanwha City Development on Friday.According to the group, Bong was selected to head the company in light of his achievements in urban-development projects including Hanwha Engineering and Construction Co.’s EcoMetro project ― a larg

People Sept. 27, 2011

Hanwha names chief of city development subsidiary

Korea needs to develop distinctive ‘Korean style’ designs

Consumer-focused design and R&D is essential for successFollowing is the fifth in a series of interviews with world’s top designers and scholars who will participate in the Herald Design Forum in Seoul from Oct. 5 to Oct. 6. ― Ed.Companies need to focus all their efforts on the consumer, and begin t

Industry Sept. 27, 2011

Korea needs to develop distinctive ‘Korean style’ designs

Asiana resumes flights to Sendai

Asiana Airlines reopened the route to Japan’s Sendai Airport on Sunday.The route was suspended in March after Japan was hit by a series of natural disasters. The resumed flight will be traveling from Incheon to Sendai Airport three times a week, every Tuesday, Thursday and Friday. The March earthqua

Industry Sept. 26, 2011

Korea to become ninth in world with $1tr trade

Trade volume growth sets important precedent for developing nationsSouth Korea’s trade volume reaching $1 trillion is a miracle that has significance not only for Korea but for developing countries, Korea International Trade Association chairman SaKong Il said Monday. With Korea’s trade volume, incl

Industry Sept. 26, 2011

Korea to become ninth in world with $1tr trade

Asiana sponsors Yeosu Expo

Asiana Airlines CEO Yoon Young-doo (right) and Organizing Committee for Expo 2012 Yeosu Korea chairman Kang Dong-suk pose after signing the sponsorship contract in Incheon International Airport on Sunday. (Asiana Airlines)Asiana Airlines signed on as an official sponsor of International Exposition Y

Industry Sept. 25, 2011

Honduras to seek FTA with Korea: trade minister

The Republic of Honduras will push to establish a free trade agreement with Korea, Honduran Trade Minister Jose Francisco Zelaya said Friday.“Honduras and Korea has one trade agreement in place, but we want to take the relations to the level of free trade agreement,” Zelaya said at a press conferenc

Sept. 23, 2011

Honduras to seek FTA with Korea: trade minister

Articles by Choi He-suk