Articles by Choi He-suk
Choi He-suk
cheesuk@heraldcorp.com-
Hyundai Motor buys local life insurer
Hyundai Motor Group, South Korea's second-largest family-owned conglomerate, bought a local life insurer as it moves to expand in financial sector portfolio, business sources said Friday.Financial sources said that Hyundai secured Green Cross Life Insurance for 228.3 billion won ($198.3 million) fro
Industry Oct. 21, 2011
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S. Korean, French prime ministers pledge to further economic cooperation
South Korean Prime Minister Kim Hwang-sik met with his French counterpart Francois Fillon on Friday and agreed to support expanded cooperation between corporations, especially small- and medium-sized ones, from the two countries, Kim's office said.Fillon, the first French prime minister to visit Sou
Foreign Affairs Oct. 21, 2011
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Design Korea explores trends and future of design
High school students take pictures of a wooden miniature of a concept car during their visit to Design Korea on Thursday. (Kim Myung-sub/The Korea Herald)Exhibits include breathing system for firefighters, LED desk lampThe ninth annual Design Korea event is under way at the COEX exhibition center i
Industry Oct. 20, 2011
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Korean, French nuke agencies hold public acceptance forum
A seminar hosted by the Korea Nuclear Energy Promotion Agency and the French Atomic Agency on increasing public acceptance of nuclear power plants will take place Friday at the National Assembly.At the seminar, experts from the nuclear industry and media as well as research professionals are to disc
Industry Oct. 20, 2011
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S-Oil sets petrochemicals milestone
Newly opened plant has world’s largest production capacity for para-xylene S-Oil’s newly expanded Onsan Plant in Ulsan was officially opened on Thursday in a ceremony attended by top industry and government officials including President Lee Myung-bak and Khalid Al-Falih, president
Industry Oct. 20, 2011
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GS chairman stresses crisis management
GS Holdings plans to spin off energy divisionGS Group chairman Huh Chang-soo on Wednesday urged company executives to innovate and challenge growth fields to triumph over escalating economic turmoil.“Frontrunners in every industry have established an innovative and distinct business structure
Industry Oct. 19, 2011
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Hanwha Group to plant forest in Mongolia
Hanwha Group, which is developing solar power as a future growth engine, is lending a helping hand to the fight against desertification.The Korean conglomerate, which sponsored the United Nations Convention to Combat Desertification meeting in Changwon, South Gyeongsang Province in October, is condu
Industry Oct. 18, 2011
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Hanwha looks to solar power to fuel growth
Conglomerate is working on additional production facility for solar power equipment in ChinaHanwha Group’s vertical integration of its solar power businesses is nearing completion as it seeks to take on the growing global market for solar energy and develop the business into a growth engine for the
Industry Oct. 18, 2011
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SK to work with Chinese company on depression meds
SK Biopharmaceuticals Co. announced Sunday that it signed a licensing deal with a Chinese pharmaceuticals maker on a potential treatment for depression and bipolar disorder. Established in April, SK Biopharmaceuticals is a subsidiary of the SK Group’s holdings company SK Corp. Under the contract, SK
Industry Oct. 16, 2011
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Mobile Web surfing gains momentum among Korean users
The red-hot boom of smartphones in South Korea is reshaping the way people surf the Web, heralding changes in the cyberspace in favor of greater mobile access rather than conventional media such as desktop and laptop computers. The proportion of those accessing major Korean portals and social networ
Technology Oct. 16, 2011
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Business community welcomes U.S. decision, urges approval in Korea
Korea-based companies and business organizations welcomed the U.S. legislatures’ decision to approve the Korea-U.S. Free Trade Agreement on Thursday.Companies and associations of industries with high dependence on exports were among the most vocal in welcoming the deal. The Korea Automobile Manufact
Oct. 13, 2011
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Opposition still hurdle for ratifying U.S. FTA
Democratic Party, liberal groups demand renegotiation on 10 pointsThe process of bringing the Korea-U.S. Free Trade Agreement into effect is likely to be a rocky one despite receiving approval from the U.S. legislature.According to Deputy Trade Minister for FTA negotiations Choi Seok-young, Korea’s
Oct. 13, 2011
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Conglomerates help SMEs enter overseas markets
International expansion for SMEs emerges as new engine of shared growthShared growth between large companies and small- and medium-sized enterprises is one of the current administration’s main economic policies.Many of the country’s largest businesses have taken up the cause and now operate a number
Industry Oct. 12, 2011
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Korea to allow foreign hospitals in free zones
The government will revise health and welfare regulations to enable foreign hospitals to set up operations in free economic zones, the Ministry of Knowledge Economy said Wednesday.The ministry said that concerned ministries including the Ministry of Health and Welfare and the Ministry of Strategy an
Oct. 12, 2011
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Foreign capital inflow continues to rise
Direct foreign investment into Korea during the first nine months of the year increased from a year ago, but the rate of growth slowed, government data showed Tuesday.According to the Ministry of Knowledge Economy, the amount of foreign investment reported to the authorities during the first nine mo
Oct. 11, 2011
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