The Korea Herald

Kim Yon-se

안녕하세요 Kim Yon-se 기자입니다.

Articles by Kim Yon-se

Kia may overtake Hyundai at home

TransportOct 2, 2011

Automaker to launch K9, K3, TAM to expand local market sharesKia Motors Corp. has been in close competition with its affiliate Hyundai Motor Co. in domestic sales, narrowing the gap between them in market share.Hyundai Motor Group is focusing on the possibility that Kia will catch up with Hyundai wi
Insurance supervisors kick off meeting

Sept 29, 2011

Participants in IAIS conference discuss macroprudential surveillance The 18th annual conference of the International Association of Insurance Supervisors kicked off at the COEX in Samseong-dong, Seoul, Thursday.About 500 regulatory officials and chief executives in the insurance indu
FSC to auction off halted savings banks

Sept 28, 2011

Authorities say about half of 85 savings banks suffer from financial difficultiesFinancial authorities are set to put debt-ridden savings banks up for auction to find preferred bidders among bigger financial companies, following a former case during the first half.As an initial step, the Financial S
Hyundai-Kia to post record exports

TransportSept 27, 2011

Hyundai Motor and Kia Motors are about to see their yearly combined exports exceed 2 million units for the first time in 2011.In particular, the Korean won’s recent depreciation against major currencies such as the dollar and the yen will likely be a favorable factor for the automakers’ coming expor
More savings banks may be suspended

Sept 27, 2011

Speculation is growing in the market that more savings banks could be subject to suspension of operations in the coming months as policymakers appear poised to raise the target for state funds to be injected to restructure the ailing secondary banking sector.The Financial Services Commission had pre
Hyundai-Kia, GM vie for No. 2 in China

TransportSept 26, 2011

Hyundai Motor and its affiliate Kia Motors have been successful in expanding their market share in China, taking 9.7 percent of the market between January and August.The companies, ranked third in the Chinese market, have the short-term goal of overtaking General Motors which posted an 11.2 percent
Solid bank profits expected in Q3

Sept 26, 2011

KB Financial Group projected to record about 670 billion won in net profits: analystsIt is estimated that four major financial groups and their banking units will secure robust performance during the third quarter, according to analysis by local securities firms.Securities firms such as Kyobo,
Deutsche Bank employee faces prosecution probe

Sept 25, 2011

One more employee of Deutsche Bank AG will likely be subject to criminal investigation in Korea on suspicion of engaging in irregular stock trading, according to the Financial Supervisory Service.FSS officials allege that an employee of Deutsche Bank rigged the price earnings ratio during his tradin
Hyundai Card to tie up with Hyundai-Kia in U.S.

Sept 25, 2011

Hyundai Card’s global business is drawing interest over whether the company will successfully debut in the U.S. credit card market.CEO Ted Chung’s willingness to tap the world’s largest credit card market could also be meaningful as Hyundai Motor, the majority shareholder of Hyundai Card, has active
FSS to warn card industry CEOs

Sept 25, 2011

Most of six firms under review likely to face sanctions for irregular practicesThe Financial Supervisory Service is moving to reprimand chief executives of major credit card companies for irregular business practices.While the FSS is considering handing down sanctions on several companies for irregu
Leaders of Korea, Peru agree to further expand trade, investment

PoliticsSept 22, 2011

NEW YORK (Yonhap News) -- The leaders of South Korea and Peru agreed Thursday to further expand investment and trade between the two countries, building on progress made since their free trade agreement took effect last month, officials said.South Korean President Lee Myung-bak and Peru's new Presid
Police probe hospital over death of Thai ambassador’s wife

Social affairsSept 22, 2011

Police said Thursday they have launched a probe into a Seoul hospital over the death of the wife of the Thai ambassador in Seoul.The wife of Thai Ambassador Chaiyong Satjipanon died on Monday, four days after she was admitted to Soon Chun Hyang University Hospital after complaining about an acute ab
Lee makes case for atomic energy before global leaders

PoliticsSept 22, 2011

South Korean President Lee Myung-bak on Thursday made a pitch for atomic power before global leaders, saying its use is inevitable to meet growing energy needs and fight climate change and that accidents like Japan's nuclear disaster can be prevented with strengthened safety measures.Lee made the ca
Eximbank supports Korea-Cambodia ties

Sept 22, 2011

The Export-Import Bank of Korea has taken the lead in enhancing tie-ups for development projects between Korea and Cambodia.Under initiative of chairman & CEO Kim Yong-hwan, the state-run bank met to map out further development of the National Polytechnic Institute of Cambodia in Phnom Penh, Thursda
Stock fraud via broadcasters growing

Sept 22, 2011

Regulator launches probe into allegations of stock manipulation by broadcastersThe financial regulator has launched a full-fledged investigation into alleged stock manipulation practices via cable TV channels, Internet broadcasters and cyber communities.Allegations that investment advisors engaged i