The Korea Herald

Lee Ji-yoon

안녕하세요 Lee Ji-yoon 기자입니다.

jylee@heraldcorp.com

Articles by Lee Ji-yoon

FTC to examine firms’ shared-growth efforts

IndustrySept 28, 2011

The Fair Trade Commission said on Wednesday that it will start a large-scale crackdown on unfair business practices next month, especially on high commission fees at major retail companies. The nation’s antitrust regulator revealed the plan on the first anniversary of the government’s shared-growth
Yuhan-Kimberly seeks innovation through ‘smart work’

IndustrySept 28, 2011

Employees of Yuhan-Kimberly work at a “smart office” installed in the company headquarters. (Yuhan-Kimberly)Yuhan-Kimberly, Korea’s leading hygiene-products maker, has recently announced its new corporate slogan “Smart Work,” which aims to maximize efficiency of workplaces so that employees can bett
16 business items selected to restrict entry of large companies

IndustrySept 27, 2011

A presidential panel on shared growth released Tuesday a list of 16 business items, to which entry of large companies will be restricted. The Commission on Shared Growth for Large and Small Companies has continued discussions on 45 items since May along with local conglomerates.According to the pane
Faulty apps to be refunded within 30 days

IndustrySept 27, 2011

Smartphone apps can be refunded within 30 days if users find any defect, antitrust authorities said Tuesday. The Fair Trade Commission said it recently ordered SK Telecom’s T-Store and LG Uplus’ OZ Store to correct their refund policy. The local app store operators had made full refunds only when th
Osstem Implant fined for illegal rebates

IndustrySept 26, 2011

The Fair Trade Commission said Monday that it has fined three dental equipment makers 127 million won ($106,000) for giving illegal rebates. It is the first time that the state-run antitrust regulator has found illegal marketing practices prevalent in the medical equipment market as well as in the p
Online tax paying system lacks security: lawmaker

IndustrySept 26, 2011

A lawmaker on Monday alleged that HomeTax, the government’s online tax payment system, is exposed to the threat of hacking and lacks adequate security. Currently, about 5.22 million Korean taxpayers, most of them business owners, are using the system due to benefits such as tax cuts. According to Re
Regulator to toughen rules on inter-trading by subsidiaries

IndustrySept 25, 2011

Companies doing business here will face tougher rules on inter-subsidiary dealings from as early as the end of December, antitrust authorities said Sunday. The Fair Trade Commission on Sunday put a revision to the antitrust law on public notice with an aim to step up its vigilance on illegal inter-a
Korean retailers aim to cash in on Chinese golden week

IndustrySept 25, 2011

Korean retailers are launching promotions to target Chinese golden week, which starts Saturday. Industry sources expect that more than 2 million Chinese people will travel abroad during the seven-day holiday starting on Oct. 1, China’s national foundation day. With tens of thousands of Chinese touri
New products, technologies strengthen companies’ brand power

IndustrySept 22, 2011

Korea Productivity Center releases 2011 National Brand Competitiveness Index ranking 176 brandsNew products and technologies have elevated the brand power of local companies over the past year, whileremaining the market leader has become much more difficult, Korea Productivity Center found in an ann
Design helps cities gain more environmental sustainability

IndustrySept 20, 2011

Following is the third in a series of interviews with world’s top designers and scholars who will participate in the Herald Design Forum in Seoul from Oct. 5 to Oct. 6. ― Ed.Richard Register is an American specialist in ecological city design and planning who created the term “ecocity” in the late 1
Firms warned over unfair business with subcontractors

IndustrySept 19, 2011

The Fair Trade Commission on Monday issued warnings against Lotte Engineering and Construction and LS Cable and System for unfair business practices with subcontractors. In January 2009, Lotte delayed writing a contract for six months even after its subcontracting company started construction work.
FTC to probe retailers on luxury brand commissions

IndustrySept 19, 2011

The Fair Trade Commission plans to investigate commission fees at the nation’s top three department stores next month, an official said Monday. The investigation is allegedly aimed at Lotte, Shinsegae and Hyundai department stores that have given favors to foreign luxury brands with lower fees, the
Sales of Europe luxury goods up after FTA

IndustrySept 16, 2011

European fashion brands are enjoying increased demand here after a free trade pact between Korea and the EU took effect on July 1, industry sources said Friday.French brand Louis Vuitton logged 91.2 billion won ($82.6 million) between July 1 and Sept. 14, up 16.9 percent from 78 billion won a year e
Minister hints at blackout compensation

Sept 16, 2011

Disputes are rising over compensation after an unprecedented power failure swept the nation on Thursday. Seoul and many other parts of Korea suffered serial power cuts after a sudden hike in electricity consumption. Unlike large companies with an independent power operating system, smaller businesse
Starbucks hopes instant coffee will cement dominance

IndustrySept 15, 2011

Starbucks still is a major player in the Korean market even though local coffee houses are growing rapidly, its Asia Pacific chief Jinlong Wang said Thursday. “We don’t mind if (our competitors) can do better. But we will always offer something unique and different,” he told The Korea Herald. Such c