The Korea Herald

Choi He-suk

안녕하세요 Choi He-suk 기자입니다.

Articles by Choi He-suk

Google, Apple top picks for Korean job seekers

IndustryJun 27, 2011

(AP-Yonhap News)Google Inc. and Apple Inc. are the two most sought-after foreign companies among South Korean job applicants, a market survey showed Monday, pointing to their popularity here.According to the latest survey of 1,428 job seekers by SaraminHR Co., 16.7 percent of the respondents selected Google Korea as the most desired company to work at among foreign firms, citing the company’s corp
Korean women earn lower pay in spite of increase in social status

Jun 27, 2011

Korean women continue to be paid less than men despite improvements in their social standing.A Statistics Korea report showed that the average salary of women stood at 67 percent that of men last year. While the figure is higher than that for 2009 ― when it was 66.5 percent ― it remains disparate from the rapid rise in women’s presence in universities, professional vocations and as successful appl
S-Oil gets new home in Mapo, Seoul

IndustryJun 26, 2011

S-Oil Corp. begins operating out of its new office in Mapo, Seoul, on Monday. This is the first time the company, which previously rented offices in the 63 City building in Yeouido, has set up headquarters in its own building since its establishment in 1976. S-Oil’s new office in Mapo, Seoul. (S-Oil)According to the company, the new building was designed to resemble the square-sailed boat used dur
POSCO wins corporate governance award

IndustryJun 24, 2011

POSCO, the world’s fourth-largest steelmaker, has been named the company with the best corporate governance structure in Korea.According to the steelmaker, it was so named by the Corporate Governance Service and the Korea Exchange on Friday.The company added that its filling of the audit committee with outside directors and other activities giving enhanced independence to auditors also contributed
Korea to release oil from reserves

Jun 24, 2011

The government will release almost 3.5 million barrels from its oil reserves in an effort to control international and domestic oil prices, the Ministry of Knowledge Economy announced Friday.According to the ministry, the government will release 3.467 million barrels in compliance with the International Energy Agency’s Initial Contingency Response Plan.Korea’s oil reserves, held by the government
EUCCK calls for non-tariff barrier removal

IndustryJun 24, 2011

The European Union Chamber of Commerce in Korea is turning up the heat on the Korean government to reduce non-tariff barriers and modify regulations to align them with international standards.On Friday, a week ahead of the tentative implementation of the Korea-EU free trade agreement, the EUCCK published a report outlining non-tariff issues regarding access to the Korean market in 20 categories. S
Politicians, tycoons in feud over testimony

IndustryJun 23, 2011

Friction between politicians and the business community is escalating, fueled by the National Assembly’s plans to call Federation of Korean Industries chairman Huh Chang-soo and other top businessmen to its hearings.At a press conference Tuesday, Huh said that he was opposed to the plans to remove tax benefits for businesses. He criticized policies such as halving university tuition fees as impuls
POSCO unit signs housing-compound project in Russia

IndustryJun 22, 2011

POSCO announced Wednesday that its construction subsidiary POSCO A&C signed a contract to build a housing complex for a coalfield in Sakha Republic in eastern Russia.Under the contract, issued by Russia’s largest resource developer Mechel, POSCO A&C will build a 48,000 square meter housing compound for workers at the Elga coalfield in Sakha Republic.POSCO A&C plans to begin works on the compound i
SK Group says securities unit’s fate undecided

IndustryJun 21, 2011

Conglomerate denies reports on selling SK Securities to SK C&CSK Group remains undecided despite the fast-approaching deadline for complying with fair trade laws dictating that the group divest itself of stakes in SK Securities Co.On Tuesday, the group denied a Yonhap News Agency report that it had decided to sell SK Securities shares to the IT services provider SK C&C if the revised bill is not p
POSCO listed as world’s most competitive steelmaker for 2nd time

IndustryJun 20, 2011

The steelmaker POSCO announced Monday that it was ranked top in the U.S.-based steel industry analysis firm World Steel Dynamics’ World-Class Steelmaker’s list for the second consecutive year. In this year’s report, World Steel Dynamics rated 34 steelmakers in 23 categories including technological capability, profitability and access to raw materials. POSCO scored 8.12 points to take the top spot.
STX to build shipyard in Russia

IndustryJun 20, 2011

STX Corp. announced Monday that it signed a memorandum of understanding on building a shipyard for Russia’s state-run shipbuilder United Shipbuilding Corp. at the international economic forum held in St. Petersburg on Friday.Under the agreement, STX, which counts construction and shipbuilders among its subsidiaries, will undertake the $1 billion project to build a shipyard in St. Petersburg. The c
Customs agency uncovers overseas money laundering

Jun 20, 2011

The largest money-laundering scam conducted through overseas tax-havens has been uncovered by the Korea Customs Service.According to reports, the Korea Customs Service uncovered a money laundering scam by a local intermediate trading firm involving foreign currencies valued at 762.5 billion won ($704.1 million).The company imports petrochemical products, which it then exports to other markets. The
Rising mortgage rates could dampen spending

Jun 19, 2011

Mortgage rates hit a 30-month high fueled by Bank of Korea’s rates hike this month, raising concerns for damaging effects to the economy.On June 10, the central bank raised the benchmark rate by 0.25 percentage points to 3.25 percent in an effort to counter the rising inflationary pressure. Against market expectations, the central bank had kept the rates frozen for two consecutive months in April
First Global Green Growth Summit to open in Seoul today

Jun 19, 2011

The first Global Green Growth Summit 2011 will begin in Seoul on Monday. The two-day summit, timed to mark the one-year anniversary of the launch of the Global Green Growth Institute, will be held under the theme of Building Planet-Responsible Civilization. Headquartered in Seoul, the Global Green Growth Institute was launched on June 16, 2010 with the aim of developing a green-growth economic dev
POSCO to set up processing joint venture in China

IndustryJun 16, 2011

POSCO will set up a joint venture with the Chinese steelmaker Tonghua Iron and Steel Group.According to the Korean steelmaker, it has formed an agreement with the Chinese firm to establish an automotive plate processing joint venture with an annual processing capacity of 200,000 tons.The plant will be located in a special economic development zone in Huinan Country in Jilin Province. POSCO will ho