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Industry/Energy
A view of Korea Midland Power Co. (KOMIPO) in Boryeong, Chungcheongnam-do. Korea Midland Power Co. (KOMIPO) is accelerating efforts to cut fine dust emissions from its power plants. KOMIPO plans to pour 1.653 trillion won into lowering pollution emissions from power facilities in the Boryung Power…
Korea Southern Power Co. (KOSPO) is making massive investments into new and renewable energy projects with the goal of making a shift in the energy paradigm to promote public safety.  The power company is accelerating efforts to expand new and renewable energy industry infrastructure with th…
Korea Electric Power Corp. President Cho Hwan-eik visits the Big Data Center of LG U+ in Yongsan-gu, Seoul, on Sept. 14. (Photos: KEPCO) Korea Electric Power Corp. (KEPCO) President Cho Hwan-eik toured the Big Data Center of LG U+, a company specializing in the 4th Industrial Revolution, which is l…
A view of LG Chem’s plant in Daesang, Chungcheongnam-dop. (Photo: LG Chem) LG Chem has seen its corporate value surge 12.8 trillion won over ten months. LG Chem shares were traded for 390,000 won per share on the Korean bourse on Sept. 12, an 81 percent jump over 10 months ago. The company saw its…
A lab of GS Caltex’s plant in Yeosu.A view of GS Caltex’s plant in Yeosu. (Photos: GS Caltex) GS Caltex is in its 50th year of operation this year. At the company’s new year ceremony on Jan. 1 at GS Tower in Nonhyun-ro, Seoul, Chairman Huh Jin-soo said the oil company will never let up on its ch…
A view of Hanwha Chemical’s plant in Ulsan. (Photo: Hanwha Chemical) Hanwha Chemical has accumulated a record amount of cash on back of its improving business performance. As a result, the company has seen its credit rating continue rise as it repays debts. Korea Ratings on Sept. 11 revised the o…
President Cho Hwan-eik of Korea Electric Power Corp. (KEPCO) (Phoertos: KEPCO) Korea Electric Power Corp. (KEPCO) is considering acquiring a biomass power plant now under construction in Georgia, the United States. A biomass power plant uses waste timber (wood pellets) to produce steam for power ge…
President Yoon Jong-geun of Korea Southern Power Co. (KOSPO)  other executives and staff members vow to achieve the”New/Renewal 3030 Target” a workshop at the Ibis Ambassador Hotel in Busan on July 31. (Photo: KOSPO) Korea Southern Power Co. (KOSPO) held a workshop designed to overhaul a sys…
Samsung Electronics Vice Chairman Kwon Oh-hyun.A 1 terabit (Tb) 3D V-NAND flash memory, developed by Samsung Electronics for the first time in the world. Samsung Electronics has ushered in an era of 1 terabit (Tb) 3D V-NAND flash memory for the first time in the world. The new flash memory is simil…
Hyundai Motor shows off the self-driving vehicle Ioniq EV at the North America Auto Show in Detroit on Jan. 10, 2017. (Photos: Hyundai Motor) Hyundai Motor Group is concentrating on the development of autonomous autmobiles, connected vehicles and eco-friendly technologies as it copes with uncertain…
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Economy/Finance
President Lee Hwan-joo of KB Kookmin Bank. (Photos: KB Kookmin Bank)KB Kookmin Bank announced on Sept. 29 that it signed a strategic memorandum of understanding with the Bank of New York Mellon Corporation (BNY) to bring innovation to cross-border di…
KEXIM CEO Hwang Ki-yeon poses for a photo with Lee Nam-woo, vice chairman of the KDIA at KDIA Headquarters on Oct. 6. (Photo: KEXIM)The Export-Import Bank of Korea (KEXIM) announced on Oct. 7 that it had signed a memorandum of understanding with the …
President Lee Ho-sung of Hana Bank. (Photos: Hana Bank)Hana Bank announced the relaunch of Daldal Hana Company, a salary account membership service that offers various monthly benefits to customers who receive their salary in their Hana Bank accounts…
Chairman Lee Jae-keun of KB Financial Group. (Photos: KB Financial Group)On Sept. 10, KB Financial Group held the KB Innovation HUB - IR Day at the Fairmont Ambassador Seoul hotel in Yeouido to support investment attraction for innovative Korean star…


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