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Business/Company
POSCO Chairman Choi Jeong-woo. POSCO Group posted about 5.5 trillion won in operating profit last year, the best in seven years. The group surpassed the 60 trillion won threshold in annual sales for the second straight year.POSCO set the 2019 sales target at 66.3 trillion won. The group plans to rai…
Samsung Electronics Vice Chairman Lee Jay-yong shakes hands Rep. Hong Young-pyo, floor leader of the ruling Democratic Party of Korea (DPK), who toured the Hwaseong Campus in Gyeonggi-do on Jan. 30. (Photo: Samsung Electronics)Samsung Electronics, which is already a commanding leader in the global m…
Hyundai Motor Group Executive Vice Chairman Chung Ui-sun. (Photo: Hyundai Motor)Hyundai Motor Group Executive Vice Chairman Chung Ui-sun has been inaugurated as co-chairman of the Hydrogen Council. An article, contributed to the World Economic Forum by Hyundai Motor Group Executive Vice Chairman Chu…
LG Chem Vice Chairman Shin Hak-cheol.LG Chem, which has been leading the global lithium-ion battery market for the past 20 years, is expected to surpass the 6 trillion won threshold in sales last year for the first time on the back of rising demand for EV batteries. Business sources said LG Chem is …
A view of the Lotte World Tower, Korea’s highest landmark skyscraper. (Photos: Lotte Group)Lotte Group Chairman Shin Dong-binLotte Group Chairman Shin Dong-bin said, “(We have to) be thoroughly prepared with future predictions and each situation for our survival, and Lotte also should innovate to …
CJ Group Chairman Lee Jay-hyun presides over this year’s management strategy meeting in Japan. (Photos: CJ)CJ Group Chairman Lee Jay-hyun presided over this year’s management strategy meeting in Japan to strengthen the ramp up of the group’s global field management. Such a meeting took place in t…
CJ Group Chairman Lee Jay-hyun. (Photo: CJ)CJ Cheiljedang logged its best-ever annual sales and net profit last year with sales figures coming to 18.670,1 trillion won and net profit 925.4 billion won, up 13.3 percent and 124.5 percent, respectively, owing to its two leading sectors of operation, bi…
LS Cable & System (LS C&S) Chairman Koo Cha-yup. (Photos: LS C&S)LS Cable & System (LS C&S) achieved the best performance in winning orders in five years from markets around the world, including Europe, the Middle East and Asia, last year. The Korean cable maker saw sales soar to…
A slew of AmorePacific’s Sulwhasoo cosmetics in the Jinsul Line, a representative popular anti-aging cosmetics products made with the extracts from ginseng and red pines. (Photos: AmorePacific)Chairman Suh Kyung-bae of AmorePacific.Sulwhasoo, a luxury brand among AmorePacific’s anti-aging cosmetic…
President Hur Sae-hong of GS Caltex Corp., 2nd L, is seen on a recent tour of a jobsite of the oil company.President Hur Sae-hong of GS Caltex traveled to the oil refinery’s research institute and the Yeosu Oil Refinery for the first time since taking over the oil refinery’s top office on Jan. 2, …
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Economy/Finance
Chairman Eun Sung-soo of the Export and Import Bank of Korea (Eximbank)The Export and Import Bank of Korea (Eximbank) is ready to dish out some 62 trillion won in loans and guarantees this year, with a focus on the exploration of new markets for infr…
Chairman Cho Yong-byeong of Shinhan Financial Group. (Photo: SFG)Shinhan Financial Group posted 3.156,7 trillion won in net profit in 2018, up 8.2 percent YoY. It is the largest net profit in its history, by affiliates such as Shinhan Bank, Shinhan C…
Chairman Yoon Jong-kyoo of KB Financial Group. (Photo: KBFG)KB Financial Group logged a net profit of 3.068 trillion won last year, down 7.3 percent YoY due largely to boosts in general expenses. On the bright side, the firm still notched more than 3…
President Kim Do-jin of the Industrial Bank of Korea(IBK). (Photo: IBK)The Industrial Bank of Korea said its net profit amounted to 1.764,4 trillion won in 2018, up 17 percent YoY, the largest in its history. The bank said it and its affiliates’ out…


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