The Korea Herald

Choi He-suk

안녕하세요 Choi He-suk 기자입니다.

Articles by Choi He-suk

S. Korea monitoring market response to S&P's U.S. credit rating cut

Aug 6, 2011

South Korea is closely monitoring financial market developments following the move by Standard and Poor's Rating Services (S&P) to downgrade the sovereign credit rating of the United States, the government said Saturday.The Ministry of Strategy and Finance said that it will concentrate on controllin
S. Korean FM departs for Russia for talks on N. Korea, bilateral issues

Foreign affairsAug 6, 2011

South Korean Foreign Minister Kim Sung-hwan left for Russia on Saturday to hold bilateral talks that are expected to focus on North Korea and other issues concerning the two nations.During his four-day trip, Kim will meet with Russian Foreign Minister Sergey Lavrov in Moscow on Monday and discuss No
N. Korea's life expectancy ranks 149th in the world: report

North KoreaAug 6, 2011

The life expectancy of an average North Korean stands at 68.9, placing it 149th among 222 countries checked, a U.S. media report said Saturday.According to Voice of America (VOA), which cited the latest findings by the U.S. Central Intelligence Agency (CIA), the typical North Korean male born this y
U.S. rating cut by S&P on deficit reduction pact

World BusinessAug 6, 2011

The U.S. had its AAA credit rating downgraded for the first time by Standard & Poor’s, which slammed the nation’s political process and said lawmakers failed to cut spending enough to reduce record deficits. S&P dropped the ranking one level to AA+, after warning on July 14 that it would reduce the
S. Korea to raise reward moeny for reporting spies, spy ships

Social affairsAug 6, 2011

South Korea will sharply raise the amount of money given to people who report spies and spy ships as part of its efforts to raise peoples' awareness toward national security threats, the government said Saturday.The Ministry of Justice said a preannouncement of legislation has been made that will re
Korean gunned down in Mexico City

InternationalAug 6, 2011

MEXICO CITY (Yonhap News) – An employee of a South Korean conglomerate was gunned down by unknown assailants in downtown Mexico City, corporate and consulate sources said Friday.The unidentified victim who had worked for the local branch of a South Korean conglomerate was shot to death in an u
U.S. weighs aid to N. Korea in flood aftermath

North KoreaAug 6, 2011

WASHINGTON (Yonhap News) – The United States said Friday that it is "looking into" the issue of North Korea's recent flood, although the communist nation has not made a related aid request."We remain concerned about the well-being of the North Korean people," the State Department said in a pre
Kyungeun Savings Bank suspended for six months

Aug 5, 2011

South Korea's financial watchdog on Friday suspended the operation of a local savings bank for six months, citing its capital shortage.Kyungeun Mutual Savings & Finance will be suspended until Feb. 4, as it failed to meet regulatory capital requirement, the Financial Services Commission said in a st
CJ Construction’s new chief

IndustryAug 4, 2011

CJ Group’s construction arm CJ Engineering and Construction Corp. named Kim Chun-hak as its new chief executive and vice president on Tuesday. Kim Chun-hakBefore taking the post, Kim had been working for Samsung Heavy Industries Co. since 1983 and most recently served as the executive vi
Hanjin Heavy chief under fire for lying low over labor crisis

IndustryAug 3, 2011

Hanjin Heavy Industries and Construction Co. chairman Cho Nam-ho is facing criticism from politicians for continuing to ignore calls to attend a public hearing and put an end to the labor dispute at the shipbuilder. On Dec. 20 the company decided to let 2,500 workers go in the near future, prompting
Herald Design Forum in Seoul Oct. 5-6

IndustryAug 3, 2011

Herald Media, the publisher of The Korea Herald and Herald Business, is holding the first iDEA Herald Design Forum on Oct. 5 and 6.The iDEA forum, (short for information, design, entertainment academy) will bring together leading designers and futurologists from across the world to hold discussions
Minister’s remarks on salaries irk business community

IndustryAug 2, 2011

Minister of Knowledge Economy Choi Joong-kyung, who has made several stern comments about large companies’ practices, once again earned the ire of the country’s business community on Sunday.This time, the minister’s remarks were aimed at executives and their huge paychecks, ruffling the feathers of
Doosan chairman emphasizes quality over quantity

IndustryAug 1, 2011

Doosan Group chairman Park Yong-hyun on Monday said the company must focus on qualitative growth.In a message posted on the company’s intranet to mark its 115th anniversary, Park said that the company should now focus on qualitative growth and that it should continue trying harder despite its achiev
Firms roll up sleeves to help victims of devastating rains

IndustryJul 29, 2011

Korea’s business community is coming forward to help those affected by the heavy rains that wreaked havoc across the country this week.On Friday, some of the country’s largest conglomerates said they would provide money, goods and repair services for those affected by the rains. Chung Eui-sun (left), vice chairman of Hyundai Motor Group, poses with Han Joong-gwang, chairman of Korea Disaster Relie
Asiana cargo flight crashes off Jeju coast

IndustryJul 28, 2011

An Asiana Airlines cargo flight bound for Shanghai Pudong International Airport crashed off the coast of Jeju early Thursday while diverting to the island due to a fire in the cargo hold.“The cargo plane said in its last communication with the control center in Shanghai that there was a fire in the cargo hold,” Kim Han-young, Director General of Ministry of Land, Transport and Maritime Affairs’ Of