Shinhan Bank upgrades services for foreigners
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Shinhan Bank upgrades services for foreigners

South Korea’s Shinhan Bank said it is increasing efforts to better assist the growing population of foreigners here and Koreans heading abroad. The bank said Tuesday it will…

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[News Analysis] Exports seen improving but no time for relief, experts say
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[News Analysis] Exports seen improving but no time for relief, experts say

South Korea’s exports, the backbone of the country’s economy, seem on course to end their two-year losing streak this year. If they do, it will be a relief…

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Hyundai Motor sets up new tech R&D lab
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Hyundai Motor sets up new tech R&D lab

Seeking to secure new areas of growth, Hyundai Motor, the nation’s largest carmaker has launched an in-house research institute to foster future technologies, the company said Tuesday.A Hyundai…

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Posco seeking new growth engine for next 50 years
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Posco seeking new growth engine for next 50 years

Ahead of its 50th anniversary next year, Posco is seeking to make a second leap forward by securing a new growth engine and keeping its global reputation as…

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Korean journalists pick Grandeur IG as car of the year
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Korean journalists pick Grandeur IG as car of the year

Hyundai Motor’s premium sedan Grandeur IG was named car of the year for 2017 by an organization of South Korean reporters Tuesday. According to the Korea Automobile Journalist…

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Qualcomm files suit against FTC citing unfairness
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Qualcomm files suit against FTC citing unfairness

Qualcomm on Tuesday filed an injunction against South Korea’s Fair Trade Commission, which imposed over 1 trillion won ($873 million) in fines and a corrective measure on the…

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Korea ranked near bottom in women’s economic empowerment
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Korea ranked near bottom in women’s economic empowerment

South Korea ranks among the lowest in terms of women’s economic empowerment, with its pay gap between men and women estimated to need more than 100 years to…

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Hyundai Motor enters electric car-sharing market
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Hyundai Motor enters electric car-sharing market

Hyundai Motor is rolling out a car-sharing service alongside Hyundai Capital, with the launch planned for this April, the firm said Tuesday. The first models to be offered…

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[Herald Interview] ‘Seoul needs trust-building mechanism more than anything’
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[Herald Interview] ‘Seoul needs trust-building mechanism more than anything’

Michael BerkowitzWhat Seoul needs more than anything to become a resilient city is people’s trust in the government, said Michael Berkowitz, president of 100 Resilient Cities under the…

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Half of Korean firms plan to hire older workers in 2017
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Half of Korean firms plan to hire older workers in 2017

More than half of South Korean companies have plans to hire older, experienced workers this year, partly for their expertise but also for their ability to interact and…

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