The Korea Herald

No two chaebol are alike, author says

Apr 8, 2013

While Koreans’ rising presence on the global stage is hard to ignore, how to do business with them as a non-Korean is an increasingly tricky area little covered in English-language literature. Don Southerton explores the niche with his recently published book “Korea Facing: Secrets for Success in Korean Global Business,” which picks apart how to work with a Korean conglomerate from the ground up, for non-Koreans working in Korean branches overseas.“Over the years I witnessed firsthand cross-cult
Time for insurers to rethink their investments

Mar 25, 2013

As we move into the new year and closer to full implementation of a post-crisis regulatory regime, global de-leveraging of the financial sector is taking firm hold. Regulatory reforms, including the Dodd-Frank Act, the Volcker Rule and Basel III, are putting pressure on banks to be smaller and more risk-averse. As a result, banks around the world are adjusting their business models to meet higher capital requirements while streamlining or closing their proprietary hedge funds and other alternati
Search firm CEO advises staying with same employer for at least 3 years

Mar 25, 2013

The head of a search firm that has found more than 1,300 executives for its client companies since 2000 advises experienced workers to stay at one employer for at least three years.“My advice is to do your job as well as you can with sincere effort and to maintain good relations with your superiors, peers, subordinates and customers,” George Whitfield, president of Halcyon Search International in Seoul, said in an interview with The Korea Herald.“It is also best to stay at one employer for at le
GE Lighting taps LED market through local partnerships

Mar 11, 2013

Pioneer of lighting industry sees increasing sales here thanks to more value-added products
Acuvue continues growth in Korea, its 4th-largest market

Feb 25, 2013

Success of circle lenses helps make Koreans executives at global, Asia-Pacific HQs
Media-planning agency sees growth in Korea

Jan 28, 2013

Globalization, media convergence drive Aegis Media’s growth
Time to struggle for return: HSBC

Jan 14, 2013

The year 2013 will be the investors’ struggle for a comeback amid a low-yield environment, making high-yield bonds and emerging market equities attractive, said Philip Poole, global head of macro and investment strategy at the Hongkong and Shanghai Banking Corp. on Monday.According to HSBC’s scenario, the key developed world interest rates will stay close to zero for at least another two years. Poole advised investing in emerging countries rather than developed countries, and to go for private b
‘Asian bonds, Chinese real estate promising in 2013’

Jan 14, 2013

Global asset management firm BlackRock has predicted that bonds of Northeast Asian countries and Chinese real estate will be the best pick for global investors in 2013.“Asian and emerging market fixed incomes experienced strong inflows in 2012 relative to other fixed income markets, and we anticipate this trend continuing into 2013,” said Joel Kim, BlackRock’s managing director and head of Asia-Pacific fixed income, at a press conference last week.The Asian fixed-income market will show a positi
Top-end mattress sales bounce as more Koreans seek quality sleep

Jan 14, 2013

Local chief says Tempur popular in markets that highly value quality of life including Korea
Foreigners planning start-ups invited to workshop next week

Jan 8, 2013

Nonprofit organization the TIDE Institute is hosting a three-day workshop in English for foreigners planning start-up ventures at Kyungil University next week.Developers, designers and entrepreneurs are invited to come together to share ideas, form teams, build prototypes and find out if their start-up ideas are viable at the “Start-up Springboard” to be held from Jan. 16 through 18 at the university in Gyeongsan, North Gyeongsang Province.The event begins with an open pitch session on Jan. 16 i
AllianceBernstein faces FSS probe for late filing

Jan 7, 2013

The Financial Supervisory Service is fine-tuning details to launch an investigation into the Korean operation of U.S.-based asset management firm AllianceBernstein Ltd., which made public its stock trading four years after the required timing, regulatory officials said Monday. While the financial regulator said it has yet to launch an official investigation, officials said the case has been under close watch. Its probe generally involves a paper-based review as a preliminary step. “At the presen
Over 500,000 foreigners pay tax here

Jan 7, 2013

The National Tax Service estimated Monday that the number of non-Korean taxpayers would surpass 500,000 in 2012, up from 465,000 in 2011 and 403,000 in 2010.The NTS released the figure as it is preparing for the year-end tax settlement. Responding to the growing population of foreign workers here, the NTS unveiled a set of guidelines for foreigners who are to file for the year-end tax settlement.Foreign residents are to submit their tax forms on the same schedule as Korean nationals, but their t
Yu-Tsui from China to lead IBM Korea

Jan 6, 2013

IBM said on Sunday it has appointed Shirley Yu-Tsui, general manager of IBM’s global business services for China, Taiwan and Hong Kong, as the new chief executive of IBM Korea.Yu-Tsui has been named one of China’s top 10 women professional management leaders in 2004, and person of the year in China’s IT service the following year.She will be replacing Lee Hui-sung, who has headed IBM Korea for the past eight years. Lee was promoted to vice president of strategy for the growth market unit at IBM