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Policy/Politics
Key officials of Korea Land and Housing Corp.(LH) and the Ministry of Housing and Welfare of Kuwait are lined up for a photo session after signing a contract giving the consortium led by LH the right to take charge of the master plan for South Saad Al-Abdullah New City in Kuwait on Jan. 24 at LH's h…
Rep. Song Ki-hyun of the ruling Minju Party of Korea speaks at a parliamentary session in which he submitted to the National Assembly a measure to award NHIS executives and staff members with an authority to investigate into illegal medical institutions and pharmacies.A parliamentary bill deliberati…
An artist conception of the “Inspire Integrated Resort” to be dedicated near Incheon International Airport by 2022.A view of a ceremony of an agreement on the construction of the “Inspire Integrated Resort” near Incheon International Airport on Dec. 6. 2018. (Phtos: IIAC)The “Inspire Integrated…
The Incheon Free Economic Zone (IFEZ) implements a project to build “smart MICE” based on international conference and other multi-purpose zone to ramp up the competitiveness of its meetings, incentives, conferences and exhibitions (MICE) industry with a focus on the Sondo ConventiA, using ICT inf…
Minister Kim Jae-hyun of Korea Forest Service.The Korea Forest Service is to get the delivery of the two Skycrane copters in the fall this year which were ordered early in 2018 to supplement the Forest Service’s firefighting capability from Erickson Inc., a leading aerospace manufacturer and aerial…
Mayor of Seoul Park Won-soon.Seoul City has declared its intention to develop the Hongneung area as a bio cluster to create an economic development complex where some 5,000 scientific technology workers can dedicate their research. Up-and-coming scientists will be nurtured for the future development…
President Sohn Byeong-suk of Korea Railroad Corp. gives his inaugural speech on March 27. (Photo: KORAIL)New President Sohn Byeong-suk of Korea Railroad Corp. (KORAIL) said, “Restoring public trust toward the safety of railroad is the foremost goal.” He stressed a “back to basics” strategy to bo…
President Koo Bon-hwan of Incheon International Airport Corp. (IIAC) delivers his inaugural speech as he took office as the eighth IIAC president at the airport on April 16.Newly inaugurated Incheon International Airport Corp. (IIAC) President Koo Bon-hwan said he will devote himself to making the I…
President Park Sang-woo of Korea Land & Housing Corp. (LH)Korea Land & Housing Corp. (LH) has come up with comprehensive steps to tackle fine dust from an urban design perspective related to the implementation of new projects. The steps are designed to ease apartment occupants’ misgivings a…
New President Chung Yang-ho of of the Korea Evaluation Institute of Industrial Technology (KEIT) delivers his inaugural speech at KEIT headquarters in Daegu on March 27.KEIT President Chung Yang-ho. (Photos: KEIT)Former Administrator Chung Yang-ho of the Public Procurement Service (PPS) took office …
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Economy/Finance
Chairman Sohn Tae-seung of Woori Financial Group. (Photo: WFG)Woori Financial Group plunged is looking to acquire Tongyang Asset Management and ABL Global Asset Management, the former Alliance Asset Management, in its first M&A move since it beca…
Chairman Cho Yong-byoung of Shinhan Financial Group.Shinhan Financial Group launched Shinhan AI, an artificial intelligence (AI)-based investment consulting company, the group said Feb. 18.The financial group set up an AI-specialized company as a sub…
President Jung Il-moon of Korea Investment Securities Co.Korea Investment Securities Co. is ready to take a crack at boosting its global operations and compete with global investment banks now that its global operations in Asia are on a solid foundat…
A view of an opening ceremony for KB Kookmin Bank’s branch in Gurugram, the state of Hariana, India, the bank’s first branch in India, held on Feb. 18 with some 200 related people attending led by President Hur Yin of the Korean bank, Korean Amb. t…


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