The Korea Herald

Kim Yon-se

안녕하세요 Kim Yon-se 기자입니다.

Articles by Kim Yon-se

Import car sales to top 100,000 units in 2011

TransportOct 23, 2011

The nation’s automobile market is set to mark an epoch-making figure in import vehicle sales this year as more foreign companies’ expand their marketing and businesses here.Apart from the big four ― BMW, Mercedes-Benz, Volkswagen and Audi, new competitive players such as Nissan and Jaguar/Land Rover
SC First sets out on early retirement

Oct 21, 2011

Lay-off may be extended to non-executive posts as bank struggles with extended strikeStandard Chartered First Bank Korea began speeding up its manpower restructuring, as unionized workers’ long-running walkout failed to garner wide support from the public.This week, the bank launched one-on-one talk
Bank CEOs pledge to cut fees

Oct 20, 2011

Chief executives in the banking industry are moving to reach a consensus on slashing service fees on customer transactions amid mounting public anger over so-called corporate greed.The move comes after a group of citizens has been holding a series of rallies against financial companies, criticized f
Buyers line up for savings banks

Oct 19, 2011

Potential bidders include Hyundai, Korea Investment and KiwoomCompetition to take over distressed savings banks has grown heated among investors after financial authorities began the process of selling six savings banks on Friday.The stock brokerage sector has emerged as the most active investor in
Samsung Fire expands sales in China

Oct 18, 2011

Samsung Fire & Marine CEO Chi Dae-sub (second from left, front row) poses at an event to celebrate the opening of a branch in Tianjin, China. (Samsung Fire & Marine)Samsung Fire & Marine Insurance, which holds about 30 percent of the Korean non-life insurance market, has been active in tapping the C
Hana pushes to cut KEB price

Oct 18, 2011

Chairman Kim Seung-yu visits U.S. to woo investorsHana Financial Group is expected to launch actions to placate opponents of the group’s planned takeover of Korea Exchange Bank from Lone Star Funds.Hana spokespeople said the move will come after the Financial Services Commission orders Lone Star, co
Prudential Korea values insurance customers’ needs

Oct 17, 2011

Prudential Life Insurance Company of Korea has been gaining consumers’ confidence by prioritizing customer needs in its product development and sales.The insurance firm pushes ahead with sales through “life planners,” while many companies heavily resort to ready-made products via sales channels such
FSC may expedite KEB stake sale

Oct 17, 2011

Regulator could order sale at extra panel meetingThe Financial Services Commission has decided to speed up procedures to order Lone Star Funds, convicted of stock manipulation, to sell a large portion of its stake in Korea Exchange Bank.The financial regulator is likely to order the U.S. buyout fund
Iranian, Filipino films win top awards at Busan film festival

CultureOct 14, 2011

The Busan International Film Festival (BIFF), one of Asia's largest cinematic events, wrapped up its nine-day run in this southern port city of Busan on Friday with Iranian director Morteza Farshbaf's "Mourning" and Filipino director Loy Arcenas' "Nino" winning the festival's main prizes.The directo
Police vow stern action against 'Occupy' protests in Seoul

Social affairsOct 14, 2011

Police vowed Friday to take stern action against any illegal protesters as scores of local civil rights and labor groups moved to launch massive rallies in sympathy with the ongoing anti-Wall Street demonstrations in New York.Taking their cue from the "Occupy Wall Street" rally in Manhattan, about 4
Bidding for savings banks begins

Oct 14, 2011

Financial authorities Friday began the process of selling six savings banks suspended from business since mid-September due to poor financial health, in the hope of finding buyers by the end of December.State-run Korea Deposit Insurance Corp. made a public notice for the sale of the debt-saddled ban
Insurers fined W365b for price-fixing

Oct 14, 2011

Samsung Life, Mirae Asset among those punished for collusionTwelve life insurance companies were fined a total of 365.3 billion won ($315 million) by the antitrust regulator for engaging in price-fixing.The Fair Trade Commission unveiled the list of the companies Friday ― Samsung, Kyobo, Korea, Mira
Lone Star not to appeal guilty verdict

Oct 13, 2011

Hana-Lone Star deal totally up to FSCThe Financial Services Commission will announce the procedures for its coming action under which Lone Star Funds will be deprived of its status as the biggest shareholder of Korea Exchange Bank.The regulator’s stance comes several hours after U.S.-based Lone Star
Ex-Lone Star Korea CEO appeals ruling

Oct 12, 2011

Paul Yoo, former CEO of Lone Star Korea, has appealed to the Supreme Court against Seoul High Court’s Oct. 6 verdict that he engaged in manipulation of Korean stocks in 2003.But the appeal is only related to his individual case and not the financial authorities’ ongoing probe into U.S.-based Lone St
NPS grows banking industry clout

Oct 12, 2011

Pension fund holds major stake in 4 financial groupsThe National Pension Service has expand its presence financial industry after regulators paved the way for the fund to increase its stake in commercial banks earlier this year.Experts are divided over the national pension fund’s active buying of sh