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Vice Chairman Park Jin-soo of LG Chem.
LG Chem will make substantial investments in its R&D, expanding it from 600 billion won now to 900 billion won annually in 2018, and increasing the number of research staff by 1,000 in 2018, Vice Chairman Park Jin-soo said recently.
The research activitie…
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OCI Materials has changed its name to SK Materials, aiming to make a fresh start under the wing of SK Business group.
OCI Materials held an extraordinary shareholders’ meeting on Jan. 16 to approve the name change to SK Materials and appoint SK Corp. President Cho Dae-shik and Executive Vice Presi…
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Vice Chairman Chung Ui-sun of Hyundai Motor Group introduces the G90 at Detroit Motor Show on Feb. 12 in Detroit, Michigan, in the U.S.(Photos:Hyundai Motor)
Hyundai Motor Co. posted around 6 trillion won in net profit in 2015, the lowest in five years. The fourth quarter’s operating profit fell 1…
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President Hong Won-pyo of Samsung SDS Solution Division gives a key-note speech at the CES 2016.
Samsung SDS is accelerating efforts to secure markets ahead of other rivals by accumulating patents. In particular, the company is trying to diversify its registration of patents with a focus on foreign…
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Vice Chairman Lee Jay-yong of Samsung Electronics.(Photo:Samsung Electronics)
Samsung Electronics said its revenue in 2015 amounted to 200.650 trillion won, despite a slowdown in the global IT market. The electronics firm’s annual sales exceeded 200 trillion won for the fourth year in a row.…
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Hyundai Oilbank President Moon Jong-bak.
The oil industry became one of the few big industries that ended 2015 with a big smile with operating profit skyrocketing to 4.8 trillion won, the second-highest figure in its history, while many other industries struggled due to the economic slump at home a…
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CEO Nasser Al-Mahasher of S-Oil.(Photo:S-Oil)
President Nasser Al-Mahasher of S-Oil Corp recalled that the oil refinery accomplished a great deal last year in its operational areas, despite the difficult global economy including the steep fall in the price of oil prices. He said management was tigh…
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Vice Chairman Huh Jin-soo of GS Caltex.
GS Caltex launched its local subsidiary in Monterrey, Nuevo Leon, Mexico, to build a plastic compounding plant and sell the product in North America, one of the three major markets in the world for the petrochemical product, the company said recently.
The oi…
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Vice Chairman Chung Chul-khil of SK Innovation.(Photo:SK Innovation)
SK Innovation, South Korea’s top oil refiner, on Feb. 4 posted its second-best performance to date in 2015 thanks to high refining margins on the back of increased global demand for oil products and reduced inventory losses.
The…
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Chairman Kwon Oh-joon of POSCO.
POSCO will export its Finex steel making technology to PKP of Iran, which is on the way to buildinf a $1.6 billion steel plant in the country. The Korean steel giant will take over an 8 percent stake in the proposed Iranian steel plant, according to the Ministry of T…
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The Korea Exchange held the 2026 Securities and Derivatives Market Opening Ceremony at its Seoul office building on Jan. 2, 2026. Chairman Jeong Eun-bo delivers his opening message. (Photo: KRX)The Korea Exchange (KRX) held the 2026 Securities and De…
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KDB Chairman Park Sang-jin delivers a New Year’s address at the 2026 business kick-off ceremony at the bank's headquarters in Seoul, on Jan. 2. (Photo: KDB)Park Sang-jin, chairman of Korea Development Bank (KDB), emphasized that 2026, the Year of th…
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Sung Dai-gou, CEO of Tongyang Life Insurance, poses for a photo with employees at the 2026 Leaders Vision Summit at the Human Resources Development Center on Dec. 18. (Photo: Tongyang Life Insurance)The Korea Federation of Banks (KFB) and six other f…
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Shinhan Bank President Jung Sang-hyuk presides over the Management Strategy Meeting for the First Half of 2026 at the bank’s main building in Seoul on Jan. 5. (Photo: Shinhan Bank)Shinhan Bank President and CEO Jung Sang-hyuk announced the bank’s s…
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