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S-Oil CEO Hussain A. Al-Qahtani. S-Oil introduced a pilot program to change work schedule to a four-team, two-shift paradigm, starting on March 2, causing the riffle effects in the Korean petrochemical industry. Labor and management of S-Oil as well as the Koran petrochemical industry have watched c…
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A view of Doosan Infracore’s pavilion at CONEXPO-CON/AGG 2020, North America’s largest construction trade show, which took place in Las Vegas from March 10 to 14. (Photo: Doosan Infracore) The recession within the Chinese construction industry, affected by the spread of the novel coronavirus, caus…
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Hanjin Group Chairman Cho Won-tae. (Photo: Hanjin Group)Hanjin KAL, the holding company of Hanjin Group, held a board of directors’ meeting on March 4 and approved a plan to reconfirm Hanjin Group Chairman Cho Won-tae as an inside director. Five people, including former Financial Commissions Commis…
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Hyosung Group Chairman Cho Hyun-joon. (Photo: Hyosung Group)Five major subsidiaries of Hyosung Group saw their combined operation profit reenter the 1 trillion won territory last year for the first time in three years. The good business performance was owed to the expanded sales of premium products …
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KT CEO Koo Hyun-mo. (from left) KT Senior Executive Vice President Jeon Hong-beom, and KT Executive Vice President Kim Hyung-wook. (Photos: KT)New KT CEO Koo Hyun-mo says he is “starting the engine of speed-oriented management” after the reorganization of the company. Change and innovation a…
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Workers make Jongga kimchi of Daesang Corp. at a factory in Hoengseong. (Photos: Daesang Corp.) Jongga, Korea’s first packaged kimchi brand, was introduced to provide kimchi that can be enjoyed by people around the world. Koreans and people around the world are recognizing Jongga as a popular Kimch…
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President Baek Bok-in of KT&G and CEO Andre Calantzopoulos of Philip Morris International pose after they signed a deal at the session “KT&G-PMI Collaboration” at the Four Seasons Hotel in Seoul on Jan. 29. (Photos: KT&G)KT&G has struck a 2 trillion won tobacco export deal in the M…
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A view of Samsung SDS headquarters in Songpa-gu, Seoul.Samsung SDS has signed an agreement with ABL Life Insurance to perform its data center relocation and cloud migration. ABL Life Insurance is the second oldest life insurance company in Korea. Backed by global financial expertise and a nationwide…
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EV car concept model “45.” based on the Electric-Global Modular Platform (E-GMP). (Photo: Hyundai Mobis)Hyundai Mobis, the automotive part subsidiary of Hyundai Motor Group, chalked double-digit growth in operating profit last year on the back of Hyundai Motor and Kia Motors’ improved business pe…
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<이재용 삼성전자 부회장은 3월 19일 삼성디스플레이 아산사업장을 찾아 디스플레이 패널 생산라인을 살펴보고 사업 전략을 점검하고 있다.>이재용 삼성전자 부회장은 3월 19일 삼성디스플레이 아산사업장을 찾아 디스플레이 패널 생산라인을 살펴보고 사업 전략을 점검했다. 이 부회장이 아산사업장을 찾은 것…
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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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