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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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CJ Group Chairman Lee Jay-hyun. (Photo: CJ Group)CJ Group is aiming to realize its vision “Global CJ” that calls for at least three of its businesses to be world No. 1 brands. The group plans to push a two-track strategy by aggressively exploring global markets and bracing for a sagging global eco…
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President Jeong Yong-sik of the Korea Transportation Safety Authority (TS) speaks at a ceremony to declare an accident-free integrated campaign at Seoul Railroad Station on April 30, 2025.Traffic accidents have been reduced by 19 percent thanks to th…
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MOTIR Minister Kim Jung-kwan, Woori Bank President Jeong Jin-wan and K-SURE Chmn. Jang Young-jin attend a ceremony to sign an MOU to expand a 3 trillion won productive-finance program for exporters at K-SURE headquarters in Jongno-gu, Seoul, on April…
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KOTRA President Kang Kyung-sung shakes hands with Olli Ruutu, Finland’s director general of resource policy and national armaments director, after they struck a government-to-government deal to export K9 self-propelled howitzers to Finland in Helsin…
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President Kim Deok-ho of the Agency for Korea National Food Cluster joins agency officials to cut the cake at a ceremony to celebrate its 15th anniversary on April 3. (Photos: Agency for Korea National Food Cluster)Agency for Korea National Food Clus…
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