Minister of Knowledge Economy Hong Suk-woo and representatives of industries discuss ways to conser energy  at a meeting in Seoul on March 8.The government and the private sector are poised to shift into a low-energy conservation economic structure.The Ministry of Knowledge Economy (M…

Korea Water Resources Corp. held a ceremony to celebrate World Water Day at the Grand Ballroom of Kintex with the theme of “Safe Water Against Climate Change,” attended by around 800 participants led by Prime Minister Kim Hwang-sik and various ministers and representatives of related civic organiz…

Kang Dong-suk, chairman of the Organizing Committee for Expo 2012 Yeosu KoreaWith less than two months to go before the opening of Expo 2012 Yeosu Korea on May 12, the spotlight has been on the diverse exhibitions and other things spectators will see and experience during the 90-day expo period that…

Korea National Oil Corp. will increase its capital to 13 trillion won, up 3 trillion won, according to the Ministry of Knowledge Economy on March 11, pending the revision of the KNOC Law.The ministry said the need to increase capital is part of the government plan to continue to focus on the oversea…

A Korean consortium of Korea National Oil Corp. and GS Energy signed a contract with Abu Dhabi National Oil Co. to develop three untapped oil blocks in Abu Dhabi at the ADNOC headquarters on March 5. Among those on hand at the signing ceremony are GS Caltex Chairman Hur Dong-soo; PCFV Chairman Kwak …

More than 50 heads of state and four representatives of major international organizations will descend on Seoul to participate in the 2012 Nuclear Security Summit (NSS) to discuss ways to promote international cooperation and enhance protective measures for nuclear materials and facilities from bein…

Chairman Chang Sae-joo of Dongkuk Steel said in his New Year message regarding management policies for the steel group that the steelmaker should have a risk management system, the creative reestablishment of the originality of its business, strengthen its means to cope with changes, and continue ma…

President Nam Sang-tae of Daewoo Shipbuilding and Offshore Co. said recently that the shipyard signed a contract worth $1.1 billion to build three submarines weighing 1,400 tons each for an Indonesian owner, the largest order ever for the defense industry in Korea. He said the project is a shot in t…

GS Caltex Chairman Hur Dong-soo said it is too early to talk about GS Energy's initial public offering because the new energy affiliate of the GS Group launched in January still has a long way to go to be a full-fledged energy company.The energy firm will take charge of new and recycled energy, repl…