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The Korea Petrochemical Industrial Association hosted a New Year dinner at Hotel Lotte in Seoul on the evening of Jan. 18 with a host of dignitaries including Minister Hong Suk-woo of the Ministry of Knowledge Economy, and Chairman Chong Bum-shik, among others, attending.The Kore…
Minister of Knowledge Economy Hong Suk-woo, POSCO Chairman & KISA Chairman Chung Joon-yang, and other KISA member company CEOs attend a New Year's meeting of those in the Korean steel industry.  Korea Iron & Steel Association (KOSA) hosted a New Year’s gathering at POSCO Cent…
Prime Minster Kim Hwang-sik, 3rd R, talks with Chairman Chung Mong-koo of Hyundai Motor Group, 2nd R, during his tour of Hyundai Steel Dangjin Complex in South Chungcheong Province on Jan. 7.Prime Minister Kim Hwang-sik visited Hyundai Steel’s steel complex in Dangjin, South Chungcheong P…
Chairman Chung Joon-yang of POSCO.POSCO opened 2013 by pledging to secure a higher level of competitiveness through value management and innovation management. On Jan. 2, the first working day of this year, POSCO held the POSCO Family year opening ceremony at the Pohang headquarters main auditorium,…
Toray Advanced Materials is poised to mass produce carbon fiber at its first plant in Gyeongsangbuk-do starting next January. The company plans to launch a project to build its second carbon fiber plant this month.“We’ll cut the production cost of carbon fiber to half the current cost, and if we h…
 GS Caltex, the first privately invested oil refinery in Korea, celebrated its 45th anniversary in a ceremony held on May 18, a day before its actual anniversary, at GS Tower in Yeoksam-dong, southern Seoul, with some 400 executives and staff of the oil refinery and cooperative firms attending …
Now is the time for investment,” is what officials at GS Group must have believed when they decided to make 3 trillion won in investments this year, a 48 percent jump over last year.The investments will go to such key areas as strengthening business structures for its future stability and to secure…
Chairman Chung Joon-yang of POSCO said his second term as head of the steel giant will be focused on overcoming the current crisis and making POSCO a company loved by the public rather than becoming a top-class corporation.Meeting reporters after attending the breakfast meeting of the World Manageme…
Korea National Oil Corp. will increase its capital to 13 trillion won, up 3 trillion won, according to the Ministry of Knowledge Economy on March 11, pending the revision of the KNOC Law.The ministry said the need to increase capital is part of the government plan to continue to focus on the oversea…
A Korean consortium of Korea National Oil Corp. and GS Energy signed a contract with Abu Dhabi National Oil Co. to develop three untapped oil blocks in Abu Dhabi at the ADNOC headquarters on March 5. Among those on hand at the signing ceremony are GS Caltex Chairman Hur Dong-soo; PCFV Chairman Kwak …
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Economy/Finance
Chairman Kim Yong-hwan at a recent media briefing session explaining the group’s 2018 management plan. NH Financial Group aims to log 1 trillion won in net profit in 2018 by strengthening the Wealth Management and Corporate Investment Banking secto…
President Ham Young-joo of KEB Hana Bank.(Photo: KEB Hana Bank) KEB Hana Bank won the 6th Financial Consumer Protection Grand Award of the Financial Services Commission Chairman, which was designated by the Korea Economic Daily with the support of t…
A photo of the participants at KDB Next Round 100th Event held on Nov. 6 at Yeouido Grand Hotel where the arrival of the 4th Industrial Revolution was taken up as a main subject for discussion.(Photo: KDB) Gov. Lee Dong-geol of said Korea Developmen…
KIS President Ryu Sang-ho, 3rd R, holds hands with top officials of Danpac Sekuritas, an Indonesian securities firm, after signing an agreement to take over a 75 percent stake in Jakarta, Indonesia,  on Nov.12. (Photo: KIS) Korea Investment &am…


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