Second Vice Minister Woo Tae-hee of the Ministry of Trade, Industry and Energy (MOTIE) speaks at the inaugural session of the Nuclear Power Export Consultative Committee at the Seoul Palace Hotel on Feb. 3. (Photo: MOTIE) The government has joined forces with industry and financial circles to exped…

Vice Minister Woo Tae-hee of the Ministry of Trade, Industry and Energy (MOTIE) makes an inspection tour of the Korea Power Exchange. The government plans to spend 1.4 trillion won with the goal of supplying advanced metering infrastructure (AMI) to 22 million households by 2020. Vice Minister Woo…

Chairman Park Sang-woo of Korea Land and Housing Corp.(LH) is on a tour of a project site of the company. (Photos: LH) The Korea Land and Housing Corp. (LH) announced on Feb. 26 that its budget for the construction of houses and other related projects, including the purchase of land and housing wel…

Chairman Yim Jong-yong of Financial Services Commission.(Photo: FSC) The FSC outlined its financial policy direction for 2017, focused on prompt and thorough response to financial market risks; financial support for stabilization of household livelihoods; and financial reforms and innovation to rev…

Rep. Song Seog-jun of the Liberty Korea Party speaks at a forum on how to overhaul a feasibility study system at the National Assembly Building. Rep. Song proposed a revision bill of the Act on the National Health Insurance Service (NHIS) that would pave the way for the NHIS’s implementation of pr…

Chairman Chung Ji-taik of the Korea Association of Machinery Industry (KOAMI), current vice chairman of Doosan Heavy Industries & Construction, speaks at a New Year’s gathering for those in the Korean machinery industry hosted by the Korea Association of Machinery Industry (KOAMI).Notables, inc…

President Lee Hak-soo of Korea Water Resources Corp. (Photo: K-water) Korea Water Resources Corp. (K-water), marking its 50th anniversary this year, plans to ensure safety and welfare and nurture the water industry. In his New Year’s message, K-water CEO Lee Hak-soo presented three tasks to promot…

President Kim Hak-song of Korea Expressway Corp. The Korea Expressway Corporation was established on Feb. 15, 1969 to construct and manage expressways throughout the nation.  South Korea began building expressways at the end of the 1960s, when the nation’s economic condition was so unfavorab…

A Surion helicopter to be supplied to the Korean military on a contract worth 2.2 trillion won that Korea Aerospace Industries signed with the Defense Acquisition Programs Administration. Under the contract, 100 Surion helicopters will be supplied to the Korean armed forces this year with Army getti…