The Korea Herald

More self-made entrepreneurs join Korea's rich list

Park Hyun-joo, Kim Jung-ju make top 10 list for the first timeKorea’s list of the wealthiest people has welcome two non-conglomerate players, according to Chaebul.com, a company tracking the country’s conglomerates. The list of the richest people in Korea, especially the top 10, used to be dom

Oct. 10, 2011

More self-made entrepreneurs join Korea's rich list

Caution advised on surging software, entertainment shares

Despite gloom in the broader stock market, software and entertainment shares outperformed at a steady pace this year, suggesting that investors have yet to discover value in select stocks on the Seoul bourse. Price-to-earnings ratios, a key yardstick for measuring stock’s valuation, reached 26 for s

Oct. 10, 2011

KRX holds investor session in Hong Kong for Korean firms

HONG KONG ― The KOSDAQ Global Investors Conference took place at Shangri-La Hotel on Friday, offering a venue for an investment relations session for 12 South Korean companies traded on the tech-heavy KOSDAQ. The first-ever IR conference for the leading firms listed on the secondary stock market was

Oct. 9, 2011

KRX holds investor session in Hong Kong for Korean firms

Major KOSDAQ firms meet up with foreign investors

SINGAPORE -- The recent rout in the global financial market has amplified, among other things, the high volatility of the tech-heavy KOSDAQ stock market in South Korea, with many of its small and midsize firms’ shares varying wildly. Benjamin Ng, managing director of Whitefield Capital Manageme

Oct. 8, 2011

Major KOSDAQ firms meet up with foreign investors

Artists talk how their designs changed the world

The third session of Herald Design Forum 2011, “Culture and Design,” kicked off with a keynote speech by Chung Joon-mo, curator and general director of the Cheongju International Craft Biennale 2011. He discussed the roles of curators and critics, and the role of art museums, galleries and exhibitio

Oct. 6, 2011

BOK won’t change key rate: investment banks

Foreign investment banks see that the Bank of Korea is unlikely to change the benchmark interest rate by the second quarter of next year. According to the new projection data, Barclays Capital, Citibank and Morgan Stanley projected that the central bank will keep steady the interest rate at 3.25 per

Oct. 3, 2011

Korean banks set for record Q3 profits

Bigger margins, troubles at savings banks a boon for major banksKorean banks are expected to post a record profit in the third quarter of this year, helped by wider margins as lenders hiked loan rates but lowered deposit rates. Margin in the banking sector refers to the percentage added to a market

Oct. 3, 2011

Firms struggle with shrinking cash reserves

Local lenders tighten loans, hurting smaller companiesCash flow is slowing at a growing number of Korean firms, both big and small, sending a fresh warning signal to policymakers faced with greater economic uncertainties at home and abroad. Industry data from the Korea Listed Companies Association,

Oct. 3, 2011

Firms struggle with shrinking cash reserves

Hyundai Motor names Kim as new president

Kim Choong-hoHyundai Motor president and co-CEO Yang Seung-suk has resigned for personal reasons and Kim Choong-ho, chief of domestic sales, will take over as new head of the automaker, the company said on Friday.Kim, 60, will be in charge of domestic sales, marketing and business strategy, part of

Mobility Sept. 30, 2011

Hyundai Motor names Kim as new president

Samsung Electronics may post 3.5 trillion won in profit for Q3

Samsung Electronics, Asia’s largest technology company, pulled off record earnings last year, but its revenue and operating income for 2011 might underperform heightened expectations, analysts said on Friday.Samsung posted an operating profit of 17.3 trillion won ($14.7 billion) on revenue of 154.6

Technology Sept. 30, 2011

Samsung Electronics may post 3.5 trillion won in profit for Q3

LG Display stresses localization in China

HONG KONG (Yonhap News) -- South Korea's LG Display Co. said Friday localization is a priority in its China business in order to further expand its presence in the world's No. 2 economy."For LG Display, China is not a mere market" said Lee Bang-soo, LG Display's vice-president of public affairs and

Sept. 30, 2011

Market volatility leads to higher alert

(Yonhap News)Contingency plan activated; top financial regulator sees extended turmoil in marketThe alert level for Korea’s financial market has been raised to the second highest in the five-tier scale, reflecting the growing concerns about the possibility of the global recession as well as th

Sept. 29, 2011

Income gap between firms, household widens faster

The income growth rate of Korean corporations jumped rapidly last year, widening the gap with the growth trend of household income, the Bank of Korea data showed on Thursday.The total income of firms here was tallied at 280.6 trillion won ($240 billion) in 2010, up 18.3 percent from a year earlier.

Sept. 29, 2011

Weak won a major obstacle to stock gains

With fears about the eurozone debt crisis and a slower recovery of the U.S. economy weighing down investor sentiment, a recovery of the KOSPI hinges on the stabilization of the local currency, analysts said on Wednesday. (Yonhap News)The Korean stock market in the past week went through gyrati

Sept. 28, 2011

Weak won a major obstacle to stock gains

Manufacturing sentiment for Oct. hits 21-month low

Faltering U.S. economic recovery dampens business sentimentKorean manufacturers’ business confidence for October stayed at a 21-month low as debt woes in Europe and a faltering U.S. economic recovery dampened sentiment. The index of manufacturers’ outlook on business conditions stood at 86, unchange

Sept. 28, 2011

Articles by Yang Sung-jin