The Korea Herald

KRX looks to education to create ‘healthy investment culture’

Jun 25, 2013

Korea’s economic success story is a common subject of discussion, but the economy in terms of finance and investment has remained relatively removed from public attention.The Korea Exchange, the country’s main bourse operator, in response declared the nation’s “Great Awakening” in finance, aiming to raise people’s awareness of financial products. The KRX launched a national finance education project in 2003 in the form of a government-designated special training institution. The education projec
Corporate farms face tough future

Jun 18, 2013

The debate on whether or not to cultivate corporate farms has heated up in Korea since a Dongbu Group subsidiary decided to pull out of its tomato production business in March, under pressure from farmers’ interest groups. Dongbu Farm Hannong, a leading crop producer in Korea, invested about 40 billion won ($36 million) to build and operate a 150,000-square-meter greenhouse farm for tomato production in Hwaong, an area of reclaimed land in Hwaseong, Gyeonggi Province. The government removed barr
Seven trends in global business management

Jun 18, 2013

Heightened uncertainty will continue, as the conditions contributing to the global business difficulties are unlikely to subside soon. Most of the key global economies are facing prolonged sluggish or contracting growth prospects along with fiscal debt and political gridlock over structural reforms needed for sustained momentum.Korea’s major companies must prepare for greater pressure and devise preemptive measures. In particular, Japan’s currency depreciation has removed the favorable foreign e
KITA kicks off sourcing fair for major buyers

Jun 11, 2013

Amid the prolonged slowdown of the manufacturing industry, the Korea International Trade Association has looked to the service industry for growth.The association kicked off the Korea Grand Sourcing Fair 2013 on Tuesday at COEX in Samseong-dong, southern Seoul, and at Kin’s Tower in Bundang, Gyeonggi Province.Some 56 potential purchasers from China, ASEAN member states and the European Union were invited to the event and to meet with local small and medium-sized companies involved in the service
Steelmakers spearhead energy-saving campaign

Jun 11, 2013

POSCO aims to save 380,000 kW of electricity through suspension of furnaces, reduced operation hours in other sectors
[Meet the CEO] Communication is key to brewery crown

Jun 4, 2013

OB CEO says distributors and employees to strengthen mutual trust
LH secures management stability through reforms

May 21, 2013

Restructuring helps giant public land developer reduce remarkably debt
Chaebol search for new business areas

May 7, 2013

As key-business performance continues decline, major conglomerates diversify business portfolios
Encouraging international business of SMEs

Apr 9, 2013

There has been considerable discussion time devoted throughout the economic downturn to the importance of small and medium enterprises to the global economy. They account for more than 30 percent of U.S. merchandise exports, and generate over 50 percent of the added value created by EU businesses. In parallel, a World Economic Forum report released at Davos revealed that if countries went halfway toward the best global practices in reducing their supply chain barriers, global GDP could increase
Hankook Tire wins global CSR award

Mar 12, 2013

Hankook Tire said Tuesday it topped the world’s largest corporate social responsibility competition, Vision Awards, run by the League of American Communications Professionals.The LACP is an international forum in the public relations industry, and its Vision Awards recognize the outstanding annual performances of the past 12 months. This year, more than 5,500 companies in 24 countries competed for the industry’s top honor. Hankook Tire, Korea’s largest tire maker, won the top prize across indust
Korea’s outside directors suffer credibility gap

Mar 12, 2013

Outsiders remain in the influential shadow of insiders, analysts say
National oil firm to seek quality-driven growth

Feb 26, 2013

KNOC to focus on post-merger integration, risk management overseas rather than expansion
Top 10 global trends in 2013

Feb 26, 2013

Although the U.S. and Chinese economies are mending, and European leaders believe they have their three-year debt crisis under control, it would be premature to declare “all clear” from the global financial turmoil. In fact, several leading global trends in 2013 will involve jockeying for position to overcome low growth. Moreover, with nations at different stages of recovery, greater competition and little coordination should be expected. First, fiscal tightening in advanced countries will conti
Koreans fight back against marathon working hours

Feb 19, 2013

A growing number of South Korean corporations are turning their backs on a workaholic culture once seen as indispensable but increasingly viewed as unhealthy, unproductive and inefficient.Long working hours, often followed by intense late-night drinking sessions with the boss, have long been a feature of the Korea Inc. that transformed a war-ravaged nation into Asia’s fourth-biggest economy in a matter of decades.Rapid development has brought new values and new priorities, with employees demandi
‘Agricultural sector should go after high-end’

Feb 12, 2013

aT chief Kim believes the day agricultural exports hit $10 billion will come in near future