Gov. Zhin Woong-seob of the Financial Supervisory Service.(Photo:FSS)Gov. Zhin Woong-seob of the Financial Supervisory Service (FSS) intends to take charge of the introduction of the IFRS2 Phase 2 initiative in a meeting that will take place in May with the heads of Korea’s insurance firms.The top …

President Ha Sung-yong of Korea Aerospace Industries (KAI) has been awarded another term as the CEO of KAI as of May 4. Members at a temporary shareholders’ meeting of KAI held on May 3 at the company’s Sacheon head office in Sacheon, South Gyeongsang Province, unanimously approved the retention…

Executive Managing Director for Construction Sin Jae-sang of Korea Expressway Corp. Executive Managing Director for Construction Sin Jae-sang of Korea Expressway Corp. (KEC) said in an interview with NewsWorld on the occasion of the 25th Road Day on July 7 that the KEC has been working to build new…

Officials of Korea Water Resources Corp.(K-water) and National Water and Wastewater Engineering Co. of Iran pose for a photo session at K-water office in Seoul after signing an MOU on cooperation to boost water volume carried through pipelines in Shiraz and Bushehr, the two cities located in southwe…

Prince Alwaleed bin Al Talal of Saudi Arabia is seen while on a visit to Seoul to seek Korean investments in Jeddah Project. He met with President Eun Seong-soo of Korea Investment Corp. and Chairman Park Hyun-joo of Mirae Asset Group, among others, during his visit to Korea on May 16-17.(Photo:KIC)…

Chairman Moon Hyung-pyo of National Pension Service. (Photos:NPS) South Korea’s state-run National Pension Service (NPS) is poised to pour more than $40 billion into overseas equities and bonds in the next five years, in line with a decision made at a meeting of the NPS Management Committee on May…

Spectators tour booths to look at travel products and services on display at the 31st Korea World Travel Fair (KOTFA) at COEX in Seoul. (Photos:KOTFA) The 31st Korea World Travel Fair (KOTFA) concluded its four-day run on June 12 at the A Hall of COEX in Seoul.  About 60 countries and 50-odd …

Chairman Lee Jae-gap of the Korea Workers’ Compensation & Welfare Service (COMMWEL). A measure to expand the coverage of the Workers’ Compensation Insurance (WCI) to disasters involving workers’ commutes should have been approved during the final session of the 19th National Assembly, C…

Korean and Iranian notables, including KOTRA President Kim Jae-hong and Iranian Vice President for Science and Technology Sorena Sattari cut the ribbon to open the Korean Expo 2016, Tehran at the Iranian capital on May 23. (Photo:KOTRA) Korea hosted the Korean Expo 2016, Tehran, which took place fr…