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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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Former Vice President Suh Moon-kyu has been inaugurated as the new CEO of Korea National Oil Corp. on Aug. 17 in a ceremony held at the company’ s head office in Seoul. At the inaugural ceremony, the new president said he would lead the state-run oil company to build a global operation network thro…
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Former Vice President Suh Moon-kyu has been inaugurated as the new CEO of Korea National Oil Corp. on Aug. 17 in a ceremony held at the company’ s head office in Seoul. At the inaugural ceremony, the new president said he would lead the state-run oil company to build a global operation network thro…
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Korea Southern Power Co. (KOSPO) is firing on all cylinders to expand its business environs abroad by securing a foothold in the Southeast Asian region. KOSPO and the Vietnamese Ministry of Science and Technology (MOST) jointly organized a workshop on combined cycle power in Hanoi on July 3. Th…
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Korea Southern Power Co. (KOSPO) is firing on all cylinders to expand its business environs abroad by securing a foothold in the Southeast Asian region. KOSPO and the Vietnamese Ministry of Science and Technology (MOST) jointly organized a workshop on combined cycle power in Hanoi on July 3. Th…
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Korea East-West Power (EWP) is stepping on the gas to lay a solid foundation for sustainable growth by spreading models for advancing shared growth and differentiating itself from others with reinforced social contribution activities. EWP is focusing on standardizing and spreading corporate mod…
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Former Korea Electronics Technology Institute (KETI) President Choi Pyeong-rak took helm at the Korea Midland Power Co. (KOMIPO) as the sixth president at the KOMIPO head office on July 16.He delivered his inaugural speech in which he declared his new catchphrase, “Korea’ s Power Plant of Happines…
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Korea South-East Power Co. (KOSEP) has an intrapreneurship program in place as part of its efforts to innovate management with the goal of tapping staff members’ capacities.KOSEP has become the first Korean power company to implement intrapreneurship in which each team, department, and site office …
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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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Shinhan Financial Group Chairman Jin Ok-dong poses for a photo with Japan’s Financial Services Agency Commissioner Yutaka Ito at the Korea-Japan Financial Cooperation Seminar at the Korea Exchange in Seoul, on Aug. 4 and 8. (Photo: Shinhan Financial…
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Chairman Yang Jong-hee of KB Financial Group. (Photos: KB Financial Group)KB Financial Group has entered the global ESG investment index ‘FTSE4Good’ for the 15th consecutive year, reaffirming its global leadership in sustainable management. Th…
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President Jeong Jeong-hoon of Korea Asset Management Corporation (KAMCO) and President Kim Jun-seok of the Korea Maritime Transportation Safety Authority (KOMSA) pose for a group photo after they signed an MOU to remove blind spots in ship financing …
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KDIC President Yoo Jae-hoon poses for a photo with Dominique Laboureix, chair of the SRB), Chairman of the SRB and KDIC Vice President Yoo Dae-il, and others on July 22. (Photo: KDIC)President Yoo Jae-hoon of Korea Deposit Insurance Corporation (KDIC…
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