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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…
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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…
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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…
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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…
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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…
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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…
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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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Hyosung Group Chairman Cho Hyun-joon.Hyosung Group is building up a shared growth regime based on the group’s management tenet: the competitiveness of its cooperative companies is a driving force behind its growth. Hyosung Group Chairman Cho Hyun-joon has stressed the significance of shared growth,…
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A view of the new Sonata, which was released at KINTEX in Goyang, north of Seoul, on March 21.“Sonata is expected to shed the conventional concept of a popular car.”Executive Vice President Lee Sang-yup, head of Hyundai Motor Design Center, made the remarks at a ceremony to release the eighth-gene…
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LS Group Chairman Christopher Koo makes an inspection tour to LS-Nikko Copper. (Photos: LS Group)LS Group is turning to strategies such as the so-called R&D speed-up and digital transformation to brace for the future growth of the group. The group is accelerating efforts to supply core equipment…
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President Lee Jae-myung announces a joint fact sheet on the conclusion of the “Korea-U.S. trade and security negotiations, one of the biggest variables for the Korean national economy and security, at the Presidential Office in Yongsan, Seoul, on No…
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President Lee Jae-myung (right) presents the Order of Mugunghwa, Korea’s highest honor, and a replica of the Cheonmachong gold crown to U.S. President Donald Trump, who made a state visit on the occasion of the APEC 2025 Korea, at the Gyeongju Natio…
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President Lee Jae-myung shakes hands with U.S. President Donald Trump following their summit talks with the White House in Washington DC on Aug. 25. (Photo on the courtesy of the Presidential Office)President Lee Jae-myung returned home from his visi…
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U.S. President Donald Trump poses with a Korean trade negotiation delegation, including Deputy Prime Minister-Minister of Economy and Finance Koo Yoon-cheol, Minister of Trade, Industry and Energy Kim Jung-kwan and Minster for Trade Yeo Han-koo at th…
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