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Vice Chairman Chung Ui-sun of Hyundai Motor Group.A group of foreign dealers of Hyundai Motor cars surround a new car model just introduced duing their annual meeting held Sept. 8-11 at Coex, Seoul. Some 235 foreign Hyundai Motor car dealers attended their Seoul meeting at the invitation of the auto…
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Chairman Kim Yoon of Samyang Group
Samyang Group has decided to incorporate Samyang Corp. and Samyang Genex to reinforce the competitiveness of the group’s food business unit. Samyang Holdings, the holding company of Samyang Group, announced Samyang Corp.’s merger with Samyang Genex on Sept. 11. …
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Daesang Corp. President Myung Hyung-sup.Daesang has become one of the nation’s representative household food brands with such products as the drink Hongcho and Sunchang Gochujang.(Photos:Daesang Corp)Daesang has maintained a paradigm shift, focusing on profitability rather than external growth. The…
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Chairman Kwon Oh-joon of POSCO. (Photo:POSCO)Chairman Kwon Oh-joon announced a five-point plan to overhaul the management of the giant steel maker POSCO, calling for cuts to half of its affiliates in the country and selling, liquidating or merging 30 percent of its non-core overseas operating units …
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Chairman Suh Kyung-bae of AmorePacific delivers his congratulatory address during a ceremony marking the cosmetic giant’s 70th anniversary on Sept. 3 held at the company’s auditorium in Seoul.(Photo:AmorePacific)Chairman Suh Kyung-bae of AmorePacific said the cosmetics giant has set up a pla…
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Officials from SK Telecom and LG Electronics, including Cho Young-hoon, head of SK Telecom’s Smart Home Task Force, gestures after the two companies signed an MOU to interconnect their smart home platforms at an exhibition booth of the Korean telecom provider.(Photo:SK Telecom)
SK Telecom has anno…
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Samsung Electronics Vice Chairman Lee Jay-yong (Photo:Samsung Electronics)The new Samsung C&T, created through the merger of Cheil Industries and Samsung C&T, was inaugurated as the virtual holding company of Samsung Group, the nation’s largest conglomerate, on Sept. 1.The merged company wi…
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OCI President Lee Woo-hyun.OCI Wuxi Solar President Kang Hak-ji, General Manager Masayuki Kuribayashi, and Vice Director Hong Yanweiof Wuxi City sings a deal to install a photovoltaic power plant on the rooftop of the Bridgestone plant in Wuxi, Jiangsu, on Sept. 1.(Photos:OCI)
OCI has teamed up wit…
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Chairman Huh Chang-soo of GS Group and also chairman of the Federation of Korean Industries.A view of the dedication ceremony of the bio-mass power plant built by GS EPS held on Sept. 11 at the Bukok Industrial Complex in Dangjin, South Chungcheong Province.(Photos:GS Group)
GS EPS, an affiliate of…
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LS Cable & System Asia President Myung Noh-hyungA view of LS-VINA’s plant in Vietnam.(Photos:LS C&S)
LS Cable & System (LS C&S) Asia will be listed on Korea’s main bourse, the KOSPI, next year, LS C&S Asia President Myung Noh-hyung said.
President Myung said in an interview w…
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Chairman Kown Oh-gap of HD Hyundai Group. (Photos: HD Hyundai Group)HD Hyundai Heavy Industries has decided to bring HD Hyundai Mipo (HMD) into its corporate structure fold. HD Hyundai Heavy Industries said on Aug. 27 the shipbuilder will effectively…
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Acting KPX President Kim Hong-keun. (Photos: KPX)The nation’s power demand soared to 96 GW at 6 p.m. on Aug. 25, renewing the highest-ever peak power demand one this summer, Korea Power Exchange (KPX) said. A sultry spell, which started earlier…
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Dignitaries, including President Kwon Myung-ho of Korea East-West Power Co. (EWP), Gyeongsangbuk-do Vice gov. Yang Kum-hee and Acting Yeongju Mayor Yoo Jeong-geun, participate in a deal on joint cooperation and investment in a 1.2 trillion won projec…
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President Kim Dong-cheol of Korea Electric Power Corp. (Photos: KEPCO)Korea Electric Power Corp. (KEPCO) and MR (Maschinenfabrik Reinhausen) of Germany joined forces to explore new global markets by utilizing the former’s Substation Equipment Diagno…
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