The Korea Herald

Choi He-suk

안녕하세요 Choi He-suk 기자입니다.

Articles by Choi He-suk

KEPCO to develop measures to prevent power outage

IndustrySept 23, 2011

Korea Electric Power Corp. will seek to introduce a regulation for controlling electricity consumption when demand spikes.At the parliamentary audit on Friday, the power company said it will push to have such a measure included in related laws in order to prevent recurrences of the nationwide power
Hyundai Heavy bags 10th drill ship order

IndustrySept 22, 2011

Hyundai Heavy Industries extended its lead in the drill ship market signing a contract for one more such vessel on Thursday.According to the company, the Geneva-based Noble Corp. issued a 600 billion won ($509 million) contract for a drill ship. With the latest deal, the company has been signed on t
SLS Group on verge of collapse

IndustrySept 22, 2011

SLS Group, which came to public attention on Thursday when its chairman Lee Kuk-chul accused former vice minister of culture Shin Jae-min of taking billions of won in bribes, is facing disintegration. Lee, a former civil servant, began his career as a businessman with a factory producing parts for t
K-pop popularity lifts entertainment shares

IndustrySept 21, 2011

Bae Yong-joonWith entertainment companies’ shares rising on the popularity of K-pop, the value of securities held by entertainers is soaring to new highs, data showed Wednesday.According to Chaebul.com, the value of SM Entertainment shares held by its chairman Lee Soo-man came in at 165.7 billion wo
SKT to reorganize divisions

IndustrySept 21, 2011

SK Telecom announced on Wednesday that it will rearrange business divisions in time for the launch of SK Planet on Oct. 1. The company also said that it will carry out an executive reshuffle. SK Planet will be a new subsidiary created by spinning off SK Telecom’s platform business.Under the plans, S
Hanwha E&C looks to overseas markets for growth

IndustrySept 21, 2011

Builder aims to become one of the world’s top 100 construction firms with sales of W5trHanwha Engineering and Construction is turning its attention to overseas markets to fuel its drive to become one of the world’s top 100 construction companies by 2015.Under the plans announced earlier this year, t
Hyundai Heavy starts 2nd Russian farming business

IndustrySept 20, 2011

Hyundai Heavy Industries Co. announced on Tuesday that it has set up its second agricultural business in Russia.For the new subsidiary, Hyundai Mikahailovka Agro, the shipbuilding conglomerate took over the Asinovka farm located 150 kilometers north of Vladivostok.According to Hyundai Heavy’s estima
Hynix sale to go ahead as scheduled

IndustrySept 20, 2011

Auction will be carried out with SKT as sole bidderCreditors of Hynix Semiconductor Inc. have decided to continue with selling the company on schedule, Korea Exchange Bank said Tuesday.After STX Group pulled out of the bid on Monday, market watchers had raised concerns that the process would be dela
STX Group drops out of bids for Hynix Semiconductor

IndustrySept 19, 2011

STX Group dropped out of the bid for Hynix Semiconductor on Monday.The group, which was bidding for the world’s second-largest chipmaker against SK Telecom, said that the plans were scrapped due to global economic instability and for fears that the large investment required to strengthen Hynix’s ope
S. Korea, U.S. hold joint drill on biological war

DefenseSept 18, 2011

South Korea and the United States held a joint exercise in May to counter North Korea's possible biological attacks, a ruling party lawmaker said Sunday.Kim Hak-song of the Grand National Party (GNP) said that the anti-biological war drill was held on May 17-27 at the South Korea-U.S. Combined Force
LG to release new smartphone with QWERTY keypad

IndustrySept 18, 2011

LG Electronics Inc., the world's third-largest handset maker, said Sunday that it will launch a new smartphone model here in South Korea next week that targets young consumers who prefer computer-like QWERTY keyboards.The Optimus Q2 is equipped with a 1.2 GHz dual core processor, 4-inch display, 500
Minister Choi lukewarm on calls for resignation

Sept 18, 2011

The Ministry of Knowledge Economy announced measures to prevent power outages similar to that of Thursday recurring on Sunday.Minister of Knowledge Economy Choi Joong-kyung, however, did not announce plans to step down despite widely held opinion that he would. At a press briefing on Sunday, Choi sa
Seoul to compensate for power outage damages

Sept 18, 2011

The Ministry of Knowledge Economy announced Sunday that those who sustained damages in Thursday’s blackouts can file for compensation from Tuesday.Minister of Knowledge Economy Choi Joong-kyung said that claims can be filed at Korea Electric Power Corp. offices, support centers for small merchants,
Hyundai Heavy denies report on Nigerian shipyard plans

IndustrySept 18, 2011

Hyundai Heavy Industries Co. on Sunday denied reports that it will be building a shipyard in Nigeria.On Friday, Reuters reported that Hyundai Heavy will be investing $7 billion to build a shipyard in the African country, quoting the company’s chief executive Lee Jai-seong.The company, however, said
KLabs names former vice minister as new chief

PeopleSept 18, 2011

Kim Chang-gon, former Vice Minister of Information and Communication, was named the new chief of the Korea Digital Cable Laboratories (KLabs) on Friday.The KLabs’ board of directors announced Friday that it has chosen Kim to replace Suh Jong-ryeol as the organization’s chief executive. KLabs is a re