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The Korea Electrical Safety Corp. (KESCO) held a prize ceremony to present the 2012 Korea Electricity Safety Award at the Convention Diamant in Samseong-dong, Seoul, on Sept. 7.Among those on hand at the 2012 Electricity Safety Day anniversary ceremony were Lee Kwan-sup, assistant minister of energy…
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Authorities in the United Arab Emirates have given the green light to the construction of the Barakah Nuclear Power Units 1&2 being built with Korea’ s homegrown technology for the first time overseas.The Federal Authority for Nuclear Regulation (FANR) issued a license to construct two Korean-d…
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Korea Post has become a savior among investors in securities as it continues to invest in securities firms whenever stock prices fall. On July 24, the postal authority had its insurance business unit invest 50 billion won each in the equity-linked securities (ELS) products of Woori Investment and Se…
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STX Offshore and Shipbuilding continues to add to its series of successful orders for merchant ships and value-added vessels.The shipyard has received orders for two 50,000-DWT tankers from a Greek shipping company. It was followed by orders for two 6,500-CBM LPG carriers in Athens a week later. The…
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Chairman Han Duck-soo of the Korea International Trade Association said the association will invest heavily in the surge in online trading in an effort to expand foreign trade for Korea.Chairman Han made the remark at KITA’s 66th anniversary on July 30 in a ceremony held at the InterContinental Hot…
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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…
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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…
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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…
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A company named S concluded a three-year export contract for its solar modules worth some 1 trillion won and applied for a loan to buy materials and expand its plant facilities. But banks turned down the loan applications with the excuse that the solar energy industry is in a slump. Anoth…
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The Ministry of Knowledge Economy (MKE) and Korea Gas Corp. (KOGAS) announced recently that a large gas deposit was found in the Area 4 Mining District in the Northern Sea off Mozambique on Aug. 1.The announcement said the gas deposit would contain some 2.3 billion tons of gas in the 5th exploration…
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Chairman Jin Ok-dong delivers greetings at the 24th Annual General Meeting of Shareholders at Shinhan Financial Group’s headquarters in Seoul, on March 26. (Photos: Shinhan Financial Group)Shinhan Financial Group Chairman Jin Ok-dong said on March 2…
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On March 27, Hana Chairman Ham Young-joo visits a small restaurant to donate a high-efficiency air conditioner as part of his first act after starting his second term. (Photos: Hana Financial Group)Hana Financial Group announced in late March that it…
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Lee Chan-woo, chairman of NongHyup Financial Group. (Photos: NongHyup Financial Group)“Unless we innovate now, there is no bright future for NongHyup Financial Group,” said Lee Chan-woo, chairman, in a meeting with NongHyup subsidiary employees on …
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Chairman & CEO Shin Chang-jae of Kyobo Life Insurance. (Photo: Kyobo Life Insurance)Kyobo Life announced on March 21 that it has been designated as a trustee of the Financial Services Commission (FSC)’s Innovative Financial Services Project, "Ai…
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