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  OCI Chairman Baek Woo-suk.  / Vice Chairman Lee Woo-hyun. / President Kim Taek-joong.OCI carried out a reshuffle of executives, promoting Vice Chairman Baek Woo-suk to chairman and President Lee Woo-hyun to vice chairman. Chief Operating Officer & President Kim Taek-joong has be…
LS Cable & System Chairman Koo Ja-yeop. (Photo: LS C&S)LS Cable & System (LS C&S) is accelerating efforts to ramp its global presence as the company has put into operation - or will open - an optical cable and an EV battery parks plants in Poland, serving as a foothold to tap the Eur…
LG Chem Vice Chairman Shin Hak-cheol. (Photo: LG Chem)LG Chem has reorganized its business structure under the stewardship of new Vice Chairman Shin Hak-cheol. The restructuring calls for inaugurating a advanced materials business headquarters. LG Chem reshaped its business structure - four business…
Vice chairman Kim Kyo-hyun of Lotte Chem.Lotte Chemical logged 16.545 trillion won in sales, 1.968 trillion won in operating profit and 1.678 trillion won in net profit in 2018. The company announced the provisional figures based on a consolidated financial statement. The 2018 sales represent a 4 pe…
President Hur Sae-hong of GS Caltex.(Photo: GS Caltex)GS Caltex will invest 2.7 trillion won to build an olefin plant for completion in 2021 to turn out 700,000 tons of ethylene and 500,000 tons of polyethylene annually.The second-largest oil refinery in Korea signed an agreement with SK Energy to s…
  President & CEO Moon Dong-joon of Kumho Petrochemical. / Kim Sun-kyu, head of the management division of Kumho Petrochemical. / President Shin Woo-sung of Kumho B&P Chemical.Former President Moon Dong-joon of Kumho P&B Chemicals has been appointed president & CEO of Kumho…
President Kim Young-sang of the Daewoo International unveils the new name in a ceremony held on Feb. 18 from POSCO Daewoo, its old name. (Photo: POSCO International)POSCO Group changed the name of POSCO Daewoo, its international integrated trading house, formerly Daewoo International, to POSCO Inter…
The late chairman Cho Yang-ho of Hanjin Group. (Photo: Hanjin Group)The sudden death of Chairman Cho Yang-ho of Hanjin Group and Korean Air has put the business group into an emergency management mode, and his son and Korean Air President Cho Won-tae, is expected to emerge to the management front as…
Samsung Electronics Vice Chairman Lee Jay-yong. (Photos: Samsung Electronics)As 5G smartphones are enjoying more early popularity than expected, Samsung Electronics plans to expand the production of modem chips for 5G telcom communications and solutions used for those smartphones. Samsung Electronic…
Views of the best-selling “Water Sleeping Mask,” produced by AmorePacific.AmorePacific’s brand “Laneige” is entering the European market.Starting April, AmorePacific is opening Laneige outlets at about 800 Sephora shops in 18 European countries, including France, Russia, Spain and Italy, to tap…
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Policy/Politics
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 D…
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 A…
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 instituti…
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 …


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