Firms implement emissions-cutting measures, but lack concrete long-term frameworkKorea is poised to blaze a trail in action against climate change by imposing mandatory emission cut targets on large companies and institutions beginning next year.The much-touted policy, however, faces a rough ride with the affected firms by and large still lacking concrete plans, organization and resolve.In October, the government unveiled specific targets for 366 firms, which will have to shoulder 96.5 percent

Samsung Group promoted Samsung Electronics’ device solutions chief Kwon Oh-hyun to company vice chairman in a management reshuffle at its affiliates Wednesday.Kwon’s promotion demonstrates chairman Lee Kun-hee’s intention to lead the electronic giant under a “two-top system” in which top management roles will be shared by two powerful vice chairmen, Samsung officials said.Kwon, who was previously the president of device solutions at Samsung Electronics, will work together with Samsung Electronic

Foreign investors have been raising their holdings in Korean government bonds, data showed on Wednesday, amid mixed reactions about its impact on the Korean economy. According to data from the Financial Supervisory Service and the Korea Financial Investment Association, the amount of listed government bonds owned by foreign investors reached 63.06 trillion won ($55.9 billion) at the end of November, accounting for 16 percent of total government bond ownership. The record-high foreign bond owners