Outlet profile

The Herald Business

South Korean business press, center-right and pro-market

Owned byHerald Corporation (Herald Media Group), a Seoul-based media company. Chairman Ryan Jungwook Hong bought it in 2002. Choi Jin-young became CEO and publisher in 2024. It is a sister outlet to The Korea Herald.

FundingMainly commercial: advertising, subscriptions and content sales, plus events such as the Herald Money Festa and forums run by the parent company. I found no evidence of state funding.

On the administrationmostly neutral

Background

Herald Corporation dates to 1953, when The Korea Herald's predecessor started. The business paper began as an industry-focused daily, was later bought by the Korea International Trade Association, and became the Herald Business (Herald Economy, 헤럴드경제). In 2002, Ryan Jungwook Hong acquired Herald Corporation and expanded it into other areas, including internet, broadcasting, magazines and education. The group now publishes The Korea Herald, the Korean-language Herald Business, and youth and campus titles. It also publishes English-language business content through The Investor. Choi Jin-young, a former mayor of Namwon and former CEO of Woolim Holdings, became CEO of the group in April 2024. I did not find well-documented editorial controversies, and the search results did not include a review of its coverage of the second Trump administration. Its likely framing is therefore inferred from its business focus: Korea-U.S. trade, tariffs and capital flows, with little partisan U.S. commentary. Note that the name 'Herald Business' is also used by unrelated outlets, so this profile covers the Korean one.

Sources

Profile compiled 2026-10-16; refreshed when ownership, funding, or the administration changes.

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