President Lee Myung-bak delivers a congratulatory speech at a ceremony for KOTRA's 50th anniversary on June 5 at the Korea Journalism Foundation building in Seoul.Korea Trade-Investment Promotion Agency (KOTRA), a major player in the promotion of Korea’s exports, celebrated its 50th anniversary on …

High 1 Resort, aiming at being Asia’s top four-season, family resort destination, will host the 48th FIS Congress 2012, the first Asian venue for the international meeting.Roughly 1,000 delegates from all 110 FIS (Federation de International Ski) member countries will make their way to the Kangwonl…

President Shin Woo-sung of Korea BASF Co., a wholly-owned subsidiary of BASF Co. of Germany, a global chemical concern, said Korea is such a small country that a substantial portion of products made in the country have to be exported and despite such a vital handicap, Korea’s technologies are in ma…

Samyang Business Group is striving to reshape itself into a global R&D innovation corporation, particularly in pharmaceuticals and bio sectors. The business group plans to establish an R&D center in the new satellite city of Pangyo, Seongnam, Gyeonggi Province, by 2014 with an investmen…

Kia Motors’ K9 has made its debut in Korea, making the market for domestic premium cars a hotly contested one. The nation’s second largest automaker held a ceremony to launch the K9 sedan at the Seoul Grand Hyatt Hotel on May 2. Among the more than 100 people on hand at the ceremony were Hyun…

Doosan Corp. CEO Park Yong-man took office as the chairman of the Doosan Business Group at an inauguration ceremony in Seoul on April 2, taking over the leadership from Chairman Park Yong-hyun. In his inaugural speech at the Doosan Leadership Institute in Gil-dong, Gangdong-gu, the new Doosan G…

SK Group has jumped into the race to take over Elpida Semiconductor Co. in Japan, which has been looking for a new owner since its bankruptcy last year.SK Hynix Semiconductor submitted its intention to join the bidding for the bankrupt Japanese chipmaker on March 30, in competition with a number of …

  Vice Chairman Suh Seung-hwa of Hankook Tire Co.Hankook Tire has been named the top company in the National Brand Competitiveness Index compiled by the Korea Productivity Center for four years in a row.The tire maker won the top spot in such areas as marketing activities, brand-name recog…

Hanjin Express has been steadily expanding its home delivery operation with tailor-made services and a strengthened global network for the delivery of goods, particularly in the United States, with the segregated services to its customers securing a unique competitive edge over its rivals. The compa…