Samsung Electronics Co., a global leader in digital media and digital convergence technologies, announced the third generation GALAXY S, the GALAXY S3 in London on May 3. Designed for humans and inspired by nature, the GALAXY S3 is a smartphone that recognizes your voice, understands your intention,…

Korea has launched a project to construct Shin Ulchin Nuclear Power Units 1 & 2 using home-grown core equipment and components.Korea Hydro & Nuclear Power Co. (KHNP) held a ceremony to launch the construction of Shin Ulchin Nuclear Power Units 1 & 2 on May 4 at the construction site near…

President Choo Kang-soo has always stressed that Kogas should expand its own gas fields overseas in order to better compete with global gas firms.Since his arrival at Kogas in 2006, he has been pushing the company’s overseas natural gas exploration under the slogan, “Kogas with the people, coopera…

Korea National Oil Corp. (KNOC) and Petro Vietnam signed an MOU on strengthening cooperation between the two oil companies on oil storage and exploration at the Shilla Hotel on March 29 in the presence of Vietnamese Prime Minister Nguyen Tan Dung, President Do Van Hau of Petro Vietnam, and President…

The government has asked people to conserve electricity as part of efforts to cope with dwindling electricity reserves, which are forecast to drop to 1.5 million kW in the third and fourth weeks of August.Vice Minister for Trade and Energy Cho Seok presided over a meeting of government and industry …

Chairwoman Choi Eun-young of Hanjin Shipping saw her dream come true when she cut the rope in a ceremony to name a 13,100 TEU container vessel at the Hyundai Heavy shipyard in Ulsan after her late husband and former chairman of the shipping company, Cho Soo-ho. Along with the Hanjin Sooho, they also…

Now is the time for investment,” is what officials at GS Group must have believed when they decided to make 3 trillion won in investments this year, a 48 percent jump over last year.The investments will go to such key areas as strengthening business structures for its future stability and to secure…

Chairman Chung Joon-yang of POSCO said his second term as head of the steel giant will be focused on overcoming the current crisis and making POSCO a company loved by the public rather than becoming a top-class corporation.Meeting reporters after attending the breakfast meeting of the World Manageme…

Kia Motors will begin a diverse marketing campaign for its new K9 sedan, which will be introduced in May in Korea, so that the new model will be able to outsell luxury foreign sedans sold in Korea. Kia Motors will open 10 new exclusive showrooms for the brand new luxury model in large cities in…