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Korea National Oil Corp. has declared its new corporate identity (CI) on July 2, which the oil company said signifies a K as in Korea, mixed with ancient patterns drawn from the ancient philosophy of Taeguk, to become the symbol of Korea and emboldens KNOC’s identity as a state-run company, while a…
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Korea Western Power Co. (KOWEPO) strives to make its mark by successfully undertaking the 388MW gas-based combined cycle power plant project in the MIDC Industrial Complex in Vile Bhagad, Maharashtra, India. The $270 million project calls for building the combined cycle power plant and operatin…
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orea Electric Power Corp. (KEPCO) proposed that electricity charges should be raised by 10.7 percent to recoup a loss the Korean utility company will suffer during the current business year due to the gap between electricity production costs and charges.KEPCO held a board of directors meeting on Jul…
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Chairman Ro Hee-chan of the Korea Federation of Textile Industries (KOFOTI) won the Industrial Merit Gold Medal at a ceremony for the 39th Commerce Day on March 21 for his contributions to the development of textile and fashion industries in Korea during his long career.The chairman, whose career in…
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The Korea Federation of Textile Industries (KOFOTI) hosted the 10th Textile and Fashion Industry CEO Forum on May 30 and June 1 at the Lotte Hotel on Jeju Island in an effort to promote cooperation among different streams, and information exchange, cooperation, and support in other areas in the indu…
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LSIS has built the country’s first exclusive green car key-component electric vehicle (EV) relay plant, taking its first step towards becoming a global green car solution provider.On May 15, LSIS held a ceremony to celebrate the completion of the EV relay plant at its Cheongju Workplace No. 1. In a…
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POSCO and General Electric signed an MOU on cooperation in five areas of industry on May 31 at the Grand Hyatt Hotel in Seoul, the steel giant announced on June 1.The comprehensive agreement covers cooperation in the areas of power generation both in Korea and abroad; the development of steel produc…
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Hyundai Hysco President Shin Seong-jae was awarded the Order of Industrial Service Merit, Silver Tower, in recognition for normalizing the troubled Hanbo Steel that Hyundai Hysco acquired and for building infrastructure to produce 2 million tons of steel products per year in a short period of time.&…
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The 19th Korea Gas Safety Grand Award Ceremony took place at the 63 City in Yeouido, Seoul, on May 24, during which 46 people were presented with various awards for their contributions to the safety of gas in the presence of some 500 dignitaries and related industry executives. Those on hand include…
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The 19th Korea Gas Safety Grand Award Ceremony took place at the 63 City in Yeouido, Seoul, on May 24, during which 46 people were presented with various awards for their contributions to the safety of gas in the presence of some 500 dignitaries and related industry executives. Those on hand include…
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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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