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Dongwon Group founder Kim Jae-chul who retired from his chairmanship. (Photos: Dongwon Group)Dongwon Group founder Kim Jae-chul retired from his chairmanship role after successfully catapulting his small fisheries company into a business group posting some 7 trillion won in annual sales. His retirem…
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Chairman Cho Hyun-joon of Hyosung Group, left, meets with Gov. Yuan Jiajun of Zhejiang Province in China on Aug. 25 at the group’s Banpo head office in Seoul to discuss what the group can do for the Chinese province in terms of cooperation. (Photos:Hyosung Group)Hyosung Heavy Industries Corporation…
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Park Jung Ho, CEO of SK Telecom (left), shakes hands with Satya Nadella, CEO of Microsoft after they signed an MOU on May 7 for comprehensive cooperation in leading-edge ICT, including 5G, artificial intelligence (AI) and cloud. SK Telecom and Microsoft Corp. signed a memorandum of understanding (MO…
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Hankook Tire Group, has changed the name of its holding company and six major subsidiaries to an integrated branding system under Hankook, the company announced May 8.Holding group Hankook Tire Worldwide has changed its name to Hankook Technology Group, while its flagship company Hankook Tire change…
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President Park Chung-kook of Hyundai Mobis.Hyundai Mobis said March 5 that it has started incorporating artificial-intelligence (AI) technology into its manufacturing and supply operations to improve product quality and efficiency.The auto parts maker said it developed an algorithm to detect product…
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CJ Group Chairman Lee Jay-hyun. / Lee Sun-ho, a general manager of CJ Cheiljedang. / CJ ENM Vice President Lee Kyung-hoo.CJ Group will spin off the IT business out of CJ Olive Networks and hand it over to CJ Corp., the holding company of the group. In the upcoming process, Lee Sun-ho, a …
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President Yang Chang-soo of COSMOCOS and Claudia Murillo, director of Farmacia de Ahorror, pose after they participated in a ceremony to open its first outlet at the drugstore Farmacia de Ahorror in Monterrey, Mexico, on May 6. (Photo: COSMOCOS)COSMOCOS, a cosmetics company affiliated with KT&G,…
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LG Uplus Vice Chairman Ha Hyun-hoe.LG Uplus crew members are building a 5G telecom network line in Gyengpo, Gangwon-do. LG Uplus came up with a plan to build 80,000 base stations around the nation to stabilize 5G mobile telecom services by the end of this year.The telecom service provider plans to h…
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POSCO Chairman Choi Jeong-woo.Under the stewardship of Chairman Choi Jeong-woo, who took office as ninth chairman, POSCO has come up with the new vision “With POSCO” to ready itself with the new values that are needed to comply with demands of modern times and seek new pathways toward a centennial…
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Dongkuk Steel Vice Chairman Chang Sae-wook.Dongkuk Steel has agreed to improve its financial position together with business partners, POSCO and Vale. CSP Steelworks in Brazil is Dongkuk Steel’s joint venture that went on stream in 2016. Dongkuk Steel and POSCO have a 30 percent and a 20 percent st…
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CEO Hur Sae-hong of GS Caltex talks with GS Caltex staff members at GS Tower in Gangnam-gu, Seoul. (Photo: GS Caltex)GS Holdings said in an electronic notice released on May 13 that the holding company of GS Group posted 6,842.4 billion won in revenu…
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CEO Anwar A. Al-Hejazi of S-OIL. (Photos: S-OIL)S-OIL chalked up more than 1.2 trillion won in operating profit on the back of inventory profit, caused by crude oil price hikes for the first quarter of this year, in results that surprised analysts.Pr…
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Chairman Chang Sae-joo of Dongkuk Steel Group. (Photos: Dongkuk Steel Group)Dongkuk Steel announced on April 24 that it posted sales of 857.2 billion won, an operating profit of 21.4 billion won, and a net profit of 6.2 billion won in the first quart…
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Chairman Park Gee-won of Doosan Enerbility. (Photos: Doosan Enerbility)Doosan Enerbility said on April 23 that major Doosan Enerbility executives, including Chmn. Park Gee-won, embarked on efforts to promote cooperation to participate in a new power …
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