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Chairman Yim Jong-yong of Financial Services Commission.(Photo:FSC) Chairman Yim Jong-yong of the Financial Services Commission (FSC) said recently that the FSC will push 18 detailed tasks under three major strategies, divided into six core sectors. The first is to change the FSC’s role from coac…
Minister of Trade, Industry and Energy Yoon Sang-jick tours MCNEX Co., an autonomous driving-related parts maker, in Gasan-dong, western Seoul.(Photos:MOTIE) The Koran parts and materials industry, once blamed for contributing to a worsening trade deficit in favor of Japan, has turned its fortunes …
President Park Geun-hye stands at the forefront of the key executives and pilots for FA-50 jet fighters at a ceremony at Korea Aserospace Industries on Oct. 30, 2014 to turn the aerospace industry into a strategic sector and a model for success under the Creative Economy Drive pushed by the governme…
President Kim Young-hak of Korea Trade Insurance Corp.(K-sure) (Photos:K-sure)President Kim Young-hak of K-sure signs an MOU on mutual cooperation with Kuwait Petroleum Corp.(KPC) in Kuwait City in which K-sure will provide $2 billion worth of insurance coverage to Korean firms dealing with KPC duri…
Korea Elevator Safety Institute (K.E-safe) President Kong Chang-seug.  Elevators have become the most commonly used mode of transportation in people’s everyday lives. Currently, some 530,000 elevators are in operation across the nation. If an elevator accident takes place, it could lead to mu…
Korea Electrical safety Corp. (KESCO) CEO Lee Sang-kwon. [Photo:KESCO) Korea Electrical safety Corp. (KESCO) CEO Lee Sang-kwon has been honored with the 2015 Korea Creative Economy Grand Prix in Safety Management for his contributions to cutting down on fires caused by electricity.  KESCO Pre…
Saudi King Salman bin Adudulaziz Al Saud, the custodian of the two Holy Mosques, rolls out the red carpet for President Park Geun-hye by receiving her at King Khalid International Airport in Riyadh on March 3. The Park Geun-hye government is stepping on the gas to flesh out steps to parlay her late…
Korea Industrial Complex Corp. (KICOX) President Kang Nam-hoon.(Photo:KICOX) Korea Industrial Complex Corp. (KICOX) provides a one-stop service for companies wanting to make their way into foreign markets, market exploration.  Ace Machinery Co., a specialized maker of automatic folding carton…
KOTRA President Kim Jae-hong presides over a breakfast meeting of CEOs from 15 SMEs, part of the Korean economic delegation on President Park Geun-hye’s recent overseas tour to the Middle East the Grand InterContinental Hotel in Samseong-dong, Seoul, on March 17 to discuss how to parlay the tour in…
Chairman Kim In-ho of the Korea International Trade Association who was inaugurated in a ceremony on Feb. 26 at the KITA building in Seoul.(Photo:KITA) In his inaugural ceremony on Feb. 26, new Korea International Trade Association (KITA) Chairman Kim In-ho said everything has to be changed to brea…
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Industry/Energy
Hyundai Motor Group Executive Chair Chung Eui-sun, POSCO Group Chmn. Jang In-hwa, Louisiana Governor Jeff Landry, Rep. Troy Carter, MOTIR Minister Kim Jung-kwan, U.S. Under Secretary of Commerce for International Trade William Kimmitt, and Hyundai St…
Senior Executive Vice President Won Kwang-sik of HD Hyundai Heavy Industries (left) receives a plaque of appreciation from Pietro Barabaschi, Director-General of the ITER Organization (right), at the 'KOREA-ITER Fusion Day' event held in Cadarache, s…
“XTeer,” an engine oil exclusively for hydrogen internal combustion engines, developed and supplied by HD Hyundai Oilbank. (Photo: HD Hyundai Oilbank)HD Hyundai Oilbank launched a drive to capture the hydrogen mobility lubricant market by developin…
President Kim Hoe-chun of Korea Hydro & Nuclear Power (KHNP) and Claude Imauven, Chairman of the Board of Directors, exchange a letter of intent on long-term cooperation in the uranium enrichment sector the two companies struck as President Lee J…


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