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Chairman Chey Tae-won (middle), chairman of the Seoul Chamber of Commerce and Industry, presides over his first meeting with chairmen of regional chambers of commerce on line on March 18. “We will launch a new regional economic team to promote regional economies,” Chey says. Woo Tae-hee (left), vi…
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LS Group Chairman Christopher Koo has been appointed as the 31st chairman of the Korea International Trade Association (KITA). (Photo: LS Group)LS Group Chairman Koo Ja-yeol (Christopher Koo) has been appointed as the 31st chairman of the Korea International Trade Association (KITA). KITA’s leaders…
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President Moon Jae-in announces national tasks for the year 2021 during his New Year’s address on Jan. 11. (Photo on the courtesy of Cheong Wa Dae website)President Moon Jae-in said, “Inter-Korean cooperation on its own can achieve many things.” During the fifth and final year in office, Presiden…
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POSCO Chairman Choi Jeong-woo gives a key-note speech on the theme of “Post-COVID-19 Megatrends: A New Decade” at WSD Steel Success Strategies held virtually on Oct. 27. (Photos: POSCO)POSCO Chairman Choi Jeong-woo, who has been nominated for his second term, has declared an official company goal …
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Korean Air Chairman Cho Won-tae. Korean Air will be merged with the financially troubled Asiana Airlines. If the megadeal is completed, it will create a “super national flag carrier,” which ranks 7th among global airliners. Under the megadeal, Korea Development Bank (KDB), the main credit bank of …
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Hyundai Motor Group Chairman Chung Eui-sun. (Photos: Hyundai Motor Group)Hyundai Motor Group Executive Vice Chairman Chung Eui-sun has been promoted to chairman of the automobile conglomerate, succeeding his father Chung Mong-koo. Hyundai Motor, Hyundai Mobis and other subsidiaries of Hyundai Motor …
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Deputy Prime Minister and Minister of Economy and Finance Hong Nam-ki. (Photos: MOEF)The 2020 Annual Meetings of the International Monetary Fund (IMF) and the Board of Governors of the World Bank Group (WBG) will be held virtually this year on October 12-18, 2020, to ensure the health and safety of …
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President Lee Cheong-ryong of Mine Reclamation Corp. (MIRECO).Mine Reclamation Corp. (MIRECO) plans to implement a project to reclaim mining areas polluted with mercury in Indonesia. The project is one of an Official Development Assistance (ODA) programs of the Ministry of Trade, Industry and Energy…
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Deputy Prime Minister and Minister of Economy and Finance Hong Nam-ki presides over an online governors’ meeting on May 22 at Seoul Government Complex on May 22, the first part of the 53rd ADB Annual Meeting. (Photo: MOEF)The Asian Development Bank (ADB) will hold the second stage of its 53rd Annua…
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President Moon Jae-in presides over a national report session on the Korean New Deal at Cheong Wa Dae on July 14. (Photo on the courtesy of Cheong Wa Dae website)The government came up with a master plan for a “Korean New Deal,” which will channel 160 trillion won into the economy and create 1.9 m…
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Han Seok-won, Senior Executive Vice President and Head of Planning & Coordination Division at Hyundai Motor Group, and Lee Ju-tae, Head of Future Strategy Division at POSCO Holdings, pose at a signing ceremony for a memorandum of understanding fo…
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Chairman Lee Jay-yong of Samsung Electronics. (Photo: Samsung Electronics)Samsung Electronics announced on May 14 that it has signed an agreement to acquire all shares of FläktGroup, a leading global HVAC solutions provider, for 1.5 billion euro…
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A whole view of CJ Bio America in Fort Dodge, Iowa, the United States. (Photo: CJ CheilJedang)CJ CheilJedang has decided not to dispose of the green bio business, valued at 6 trillion won.The move may be construed by the company’s strategic decision…
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Chairman Shin Dong-won of Nongshim. (Photos: Nongshim)Nongshim held a groundbreaking ceremony for the construction of a pilot greenhouse as a center of exporting “K-Smart Farm” to the Middle East at the Riyadh National Agricultural Center in Saudi …
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