The Korea Herald

Yang Sung-jin

안녕하세요 Yang Sung-jin 기자입니다.

Articles by Yang Sung-jin

경제부총리 현오석, 미래창조과학장관 김종훈 내정

한국어판Feb 17, 2013

박근혜 대통령 당선인은 17일 새 정부 경제부총 리 겸 기획재정부장관에 현오석 현 한국개발연구원(KDI) 원장을 내정했다.‘공룡부처’로 불리는 미래창조과학부장관에는 벤처기업인인 김종훈 알카텔-루슨 트 벨연구소 사장, 통일부장관에는 류길재 한국북한연구학회 회장, 농림수산축산부 장관에는 이동필 농촌경제연구원 원장, 산업통상자원부장관에는 윤상직 지식경제부 1차관, 보건복지부장관에는 진영 새누리당 의원(3선)이 각각 내정됐다.또 환경부장관에는 윤성규 한양대 연구교수, 고용노동부장관에는 방하남 한국노 동연구원 선임연구위원, 여성가족부장관에는 조윤선 당선인 대변인, 국토교통부장관 에는 서승환 연세대 교수, 해양수산부장관에는 윤진숙 한국해양수산개발원 본부장이 각각 내정됐다.박 당선인은 이날 이런 내용의 후속 11개 부처 장관 내정 인선을 김용준 대통령 직 인수위원장을 통해 발표했다. 지난 13일 6개 부처 장관 내정자 발표에 이어 이날 새 정부 조각이 완료됨에 따라 25일 정부 출범 이후로 예상
More savings banks may face shutdown: sources

Feb 17, 2013

More savings banks in South Korea are feared to face bankruptcies this year as continued losses wiped out their capital, industry sources said Sunday. According to the Financial Supervisory Service and industry sources, four out of 16 savings banks reported that their capital base was fully impaired last year and six more players suffered capital erosion last year. Of the ten savings banks, two players were already suspended and one is set to sell shares to boost their capital base, accordin
Park names KDI chief as deputy premier for economic affairs

PoliticsFeb 17, 2013

President-elect Park Geun-hye named the chief of the state-run Korean Development Institute Huyn Oh-seok as the deputy prime minister in charge of economic affairs, Park's transition team said Sunday. Park also named North Korean expert Ryoo Kihl-jae as unification minister in a series of nominations that also included nine other Cabinet posts, transition team chief Kim Yong-joon said. In her organizational shakeup of the incoming government, Park decided to elevate the status of the finance
S. Korean man arrested for illegal missionary work in Libya

Social affairsFeb 17, 2013

CAIRO -- A South Korean man was arrested in the Libyan city of Benghazi and is under investigation for being involved in illegal missionary work along with three other foreigners, Libyan police and the South Korean embassy there said Sunday. The Libyan police arrested the South Korean, an Egyptian, a South African, and a Swede who was traveling on a U.S. passport, on Tuesday on suspicion of printing and distributing books which called for conversion to Christianity, according to the officia
N. Korea will never bow to nuclear resolutions: diplomat

North KoreaFeb 13, 2013

GENEVA -- North Korea insisted Tuesday it would never give in to "unreasonable" international resolutions against its nuclear arms program, insisting the prospects of denuclearising the Korean peninsula were deteriorating in the face of US hostility."The US and their followers are sadly mistaken if they miscalculate the DPRK (North Korea) would accept the entirely unreasonable resolutions against it," Jon Yong Ryong, the first secretary of North Korea's mission in Geneva, told the UN Disarmament
UN Security Council condemns North Korea nuke test

North KoreaFeb 13, 2013

A united U.N. Security Council strongly condemned North Korea's nuclear test and pledged further action Tuesday, calling Pyongyang's latest defiant act “a clear threat to international peace and security.’‘All 15 council members, including North Korea's closest ally China, approved the press statement hours after the latest underground test. The statement called the atomic blast a “grave violation’‘ of three U.N. resolutions that ban North Korea from conducting nuclear or missile tests.The swift
Lee convenes emergency NSC meeting

North KoreaFeb 12, 2013

South Korean President Lee Myung-bak convened an emergency meeting of the National Security Council, an official said, as an artificial tremor in North Korea suggests that the communist nation went ahead with a threatened nuclear test. Lee will convene the meeting at 1 p.m., the official said. A magnitude 5.1 tremor occurred at 11:58 a.m. and was centered in Kilju County in North Korea's northeast, where the country's Punggye-ri nuclear test site is located, officials said. The government
Earthquake detected in North Korea near nuke site

North KoreaFeb 12, 2013

An earthquake was detected Tuesday in North Korea just north of a site where the country has conducted nuclear tests, providing strong indication that Pyongyang has gone ahead with a highly anticipated third test. There was, however, no confirmation of the test. The South Korean Defense Ministry, which raised its military alert level after the quake, said it was trying to determine whether it was a test. Nuclear blasts can create tremors but they are distinct from those caused by natural earthqu
Samsung’s Lee wins inheritance court battle

IndustryFeb 1, 2013

The Seoul District Central Court on Friday sided with Samsung Electronics chairman Lee Kun-hee by dismissing the claims by his elder brother Lee Maeng-hee for around 4.8 trillion won ($4.4 billion) of the Samsung fortune.Lee was joined by a few other members of the Samsung family who felt they were shortchanged in their rightful inheritance from the late Lee Byung-chull, their father and founder of Samsung. In the ruling for the first trial on the case, the judge said that “the time has expired
Samsung to be fined over lax response to gas leak

Social affairsJan 30, 2013

Samsung Electronics Co. will be fined up to 1 million won ($923) for belatedly reporting last week's fatal hydrofluoric acid gas leak at its chip plant that killed one worker and injured four others, police said Wednesday. Police said they plan to impose the fine on Samsung and its subcontractor, named STI Service, for violating the Toxic Chemicals Control Act that stipulates the firms to notify the authorities promptly when such an incident breaks out. Up to 10 liters of diluted hydrofluor
Lee hails Naro's success as first step toward era of space science

PoliticsJan 30, 2013

President Lee Myung-bak hailed South Korea's first successful launch of a space rocket on Wednesday as the first step toward opening an "era of space science" for the country, his spokesman said. The launch of the Korea Space Launch Vehicle-1, better known as "Naro," marked Seoul's third attempt to join the global space club after its two earlier attempts in 2009 and 2010 ended in failures.The rocket blasted off at 4 p.m., reached its target altitude and put a science satellite into orbit. "
Chronology of major events leading to Seoul's 3rd space rocket launch

ScienceJan 30, 2013

The following is a chronology of major events related to South Korea's development of the Korea Space Launch Vehicle-1, which is set to blast off from the country's Naro Space Center later Wednesday. March 2001 - South Korea joins the Missile Technology Control Regime, an informal international association that oversees the proliferation of unmanned delivery systems capable of delivering weapons of mass destruction. August 2002 - South Korea and Russia confirm plans to develop the Korea Spac
Lee expected to issue special pardon this week

PoliticsJan 27, 2013

Outgoing President Lee Myung-bak is expected to issue a special presidential pardon this week, a senior aide said Sunday, despite opposition from the transition team of his successor Park Geun-hye that it is wrong for an outgoing president to issue pardons for corrupt people. The justice ministry has recently completed its review of a special pardon proposal and the issue is likely to be tabled at a Cabinet meeting scheduled for Tuesday, the official told Yonhap News Agency. "What is left i
Samsung becomes top global mobile phone seller in 2012

TechnologyJan 27, 2013

South Korean tech giant Samsung Electronics Co. sold more than 400 million mobile phones last year, outstripping Nokia Corp. as the world's leading handset vendor, an industry report showed Sunday. According to the latest report by International Data Corp., Samsung's shipments of smartphones and other handsets jumped 22.7 percent on-year to 407 million in 2012, taking up 23.7 percent of the global cellphone market. In comparison, last year's top global vendor Nokia saw its sales tumble 19.5
Heavy industries' market cap tumbles on weaker yen

IndustryJan 27, 2013

South Korea's listed heavy industry companies saw their market capitalization plunge by 34 trillion won ($32 billion) in the last four months, hit by the Japanese yen's rapid descent, industry data showed Sunday. The combined market cap of local heavy industry firms, including automakers and shipyards, tumbled 19.2 percent to 142.8 trillion won as of last Friday, compared with the 176.8 trillion won tallied on Sept. 17, 2012, the highest number recorded for the second half of last year, accor