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Industry/Energy > Resources
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 Hwang Rok of Korea Credit Guarantee Fund(KODIT) Chairman Hwang Rok of the Korea Credit Guarantee Fund (KODIT) said on Feb. 27 that he will run KODIT in such a way as to create jobs by extending financial guarantees to promising startups to …
Chairman Yoon Jong-kyoo of KB Financial Group, 5th R, and is welcomed by PM Nguyen Xuan Phuc of Vietnam, 4th R, at the Prime Minister’s Office in Hanoi, Vietnam, as they meet at a reception to celebrate the 25th anniversary of the opening of the dip…
President Wi Sung-ho of Shinhan Bank answers the reporters at a recent media meet following his official inauguration as the new CEO of Shinhan Bank. (Photos: Shinhan Bank) President Wi Sung-ho of Shinhan Bank said on March 7 that he will steer the …
Chairman Kim Jung-tae of Hana Financial Group.(Photos: KEB Hana Bank)Hana Financial Group posted 1.345 trillion won in net profit in 2016, up nearly 50 percent YoY, the largest net profit since 2012 when the Hana Bank merged with the Korea Exchange B…


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