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…

"I will do my best to make Hynix a great success," proclaimed Chairman Chey Tae-won in his inaugural speech as new chair-man of Hynix Semiconductor Co., which his business group took over recently, and following his selection as the top executive by the chipmaker's board on Feb. 14.At the Seoul offi…

An A320 passenger plane of Airbus is shown taking off. Korea Aerospace Industries(KAI) won a bid to supply the wing bottom panels for some 500 A320 planes worth  $600 million on Jan. 24 until 2025, the largest single contract to supply airplane parts  won by KAI so far in its history.Korea…

KOSEP President Jang Do-soo is flanked by KEPCO KPS President Tae Sung-eun and PTC Energy Chairman T. N. Thakur as they sign an MOU on the joint exploration of the Indian coal-fired power market at the KEPCO KPS headquarters on Jan. 10.A  consortium led by Korea South-East Power Co. (KOSEP) wil…

With 47 KNOC unit heads from 17 overseas units in 14 countries attending, the two-day meeting led by President Kang Young-won took up issues faced by each unit and issues facing the company as a whole that require immediate attention, especially those related to pushing the "Great KNOC 3020," such a…

Minister of Knowledge Economy Hong Suk-wooA mong roughly 250 people on hand at the gathering were Minister of Knowledge Economy Hong Suk-woo,; GS Caltex Chairman Hur Dong-soo,; SK Innovation President Koo Ja-young,; S-Oil CEO Ahmed Subey,; Daesung Group Chairman Kim Young-hoon,; Korea Petroleum Asso…