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Prof. Yoo Sang-hee of Dong-eui University's Economics Department took office as the 7th chairman of Korea Power Exchange (KPX).(Photo:KPX) Prof. Yoo Sang-hee of Dong-eui University’s Economics Department has been elected as the 7th chairman of Korea Power Exchange (KPX). He took office at the KPX …
Samsung Electronics Co., Ltd. on April 26 announced revenues of 52.87 trillion won on a consolidated basis for the first quarter ended March 31, 2013, a 6 percent decrease from the previous quarter. Consolidated operating profit for the quarter reached 8.78 trillion won, representing a 1-percent dec…
The Korean display industry aims at raising display exports from $35 billion in 2012 to $50 billion in 2015 and getting a jumpstart in the global next-generation display market. These are contained in “Vision 2015,” which the Korean display industry unveiled at a ceremony to celebrate the thi…
Samsung Electro-Mechanics (SEM) President & CEO Choi Chi-joon has grabbed the Chung Jin-ki Media & Culture Award 2012 Grand Prize for his leading role in the development of the multi-layer ceramic capacitor (MLCC). Choi has been credited with transforming the MLCC business into one of S…
Samsung Electro-Mechanics (SEM) President & CEO Choi Chi-joon has grabbed the Chung Jin-ki Media & Culture Award 2012 Grand Prize for his leading role in the development of the multi-layer ceramic capacitor (MLCC). Choi has been credited with transforming the MLCC business into one of S…
Samsung Electronics announced on Aug. 7 the release of the Galaxy Note 10.1 in Germany, the United Arab Emirates, and other European and Middle Eastern countries. This is the latest version of the Galaxy Note, a new concept combining smartphone and tablet, which has created a sensation with its supe…
Samsung Electronics and Apple have not yet reached an out-of-court settlement during their second round of closed negotiations in the ongoing patent war between the global smart phone and tablet juggernauts. Samsung CEO Choi Gee-sung, now chief of Samsung Group Future Strategy Office, accompani…
The LS Group has turned to exploring new growth engine industries such as the smart grid and electric vehicles that will drive the business group down the road. The conglomerate recognizes that now is the right time to do so since new technologies based on the green and smart grid industries ha…
Hyundai Mobis set up its China headquarters and tapped Managing Director Chang Kook-hwan to head it in a large-scale reform of the company’ s operation designed to place it among the top five auto parts makers in the world by 2020 under its ‘2020 Global Auto Parts Top Five’  plan. The strate…
Samsung Electronics has not yet surpassed Apple or completely outstripped Nokia, but Samsung’s positive, young talents will ultimately put Samsung smartphones in the top position globally,” Shin Jong-kyun, president in charge of the Information and Mobile Communications business at the Korean elec…
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Economy/Finance
President Lee Kwang-goo of Woori Bank.(Photos: Woori Bank)Woori Bank clinched the right to be the main bank for the National Pension Service (NPS) with 600 billion won in funds for the next five years with the pension service announcing the bank wi…
President-designate Hur Yin of Kookmin Bank. Hur Yin, president-designate of KB Kookmin Bank, said customers will be at the center of the bank’s operation when he takes over the top management of the bank.  Shareholders are slated to approve …
President Wi Sung-ho of Shinhan Bank, holds a trophy with Chairman Lim Ju-hyun of the first-class graduates of Shinhan Do Dream Soho Academy. (Photo: Shinhan Bank) Led by President Wi Sung-ho, on Sept. 26 Shinhan Bank unveiled a mammoth “Shinhan Do…
IBK Head Office building. (Photo: IBK)The Industrial Bank of Korea is out to support its SME clients go through restructuring with diverse financial means. Its slogan, “Finance right and we can succeed together,” was set up following its Companion …


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