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The Ministry of Knowledge Economy (MKE) approved a plan to raise electricity charges an average of 4.9 percent effective Aug. 6.The announcement of the rise in electricity charges came shortly after the board of directors of Korea Electric Power Corp. (KEPCO) on Aug. 3 agreed to do so, with addition…
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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…
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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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President Yoon Seog-dae of Korea Water Resources Management Corp. (K-water) poses with ambassadors to Korea from the EU and four EU member states as they toured K-water headquarters and research institute on May 13. (Photo: K-water)Korea Water Resour…
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President Kang Kyung-sung of Korea Trade-Investment Promotion Agency (KOTRA) and other KOTRA participants gesture while posing at an extended strategy meeting of trade and investment in the African region in Cape Town, South Africa, on May 30. (Photo…
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Lee Hoe-seung, head of Seoul Water. (Photo: Seoul Water)Arisu, dating back 110 years to the commencement of public water supply in1908, has positioned itself as a clean, fresh drinking water that represents Korea.In 2016, it grew into the globally re…
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Gyeonggi-do Gov. Kim Dong-yeon, Kakao President Jeong Shin-ah, Namyangju Mayor Joo Kwang-deok and President Lee Han-joon of Korea Land and Housing Corp. (LH) pose for a photo after they signed a contract on the investment of the “AI-based digital hu…
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