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Prime Minister Han Duck-soo convened a meeting of the Regulatory Reform Committee at the Seoul Government Complex on Nov. 25, which approved the introduction of a cap in the system marginal price (SMP) with which Korea Electric Power Corp. (KEPCO) purchases electricity from power generation companie…
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Notables, including Minister Lee Chang-yang of the Ministry of Trade, Industry and Energy (MOTIE), participate in a ceremony to dedicate Shin Hanul Unit 1 at the site of Shin Hanul Nuclear Power Plant on Dec. 14. (Photo: MOTIE)In his speech at a ceremony to dedicate Shin Hanul Nuclear Power Unit 1 a…
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S-OIL President Ryu Yeol of Corporate Strategy & Services and award winners pose at the 12th Outstanding Degree Thesis Awards and 4th Next-Generation Scientist Awards ceremonies at S-OIL headquarters in Gongdeok-dong, Seoul, on Dec. 9. (Photo: S-OIL)The S-OIL Science and Culture Foundation held …
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President Kang Dal-ho of Hyundai Oilbank. (Photos: Hyundai Oilbank)Hyundai Oilbank agreed to extend a supply contract for petroleum products to Sunoco, a U.S. petroleum product distributer, for next year, the Korean refinery said on Nov. 3. With the extending of the petroleum product supply agr…
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Lim Jung-mook, KHNP’s Cairo Office Head, and Yu Dae-yong, Doosan Enerbility’s Cairo Branch Director, attend a ceremony to sign the contract for construction of the turbine island of the El Dabaa Nuclear Power Plant in Egypt on Nov. 9. (Photo: Doosan Enerbility)Doosan Enerbility is flexing its musc…
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A bird’s eye-view of “Wangshin Fuel Cell Power Plant,” to be built by KEPCO E&C in cooperation wih Kumho E&C and LS ELECTRIC. (Photo: KEPCO E&C)KEPCO E&C teamed up with consortium members, Kumho E&C and LS ELECTRIC to sign a contract on a project to build “Wangshin Fuel Cell …
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S-OIL, Hyundai E&C and Hyundai Engineering struck a contract on a project, called “Shaheen” at the international conference room of the Korea Chamber of Commerce and Industry in Seoul on Nov. 17. Seen (from left) at a signing ceremony are Lotte E&C President Ha Suk-joo, Hyundai E&C Pre…
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Executives and staffers of Korea Western Power Co. , including KOWEPO President Park Hyung-duck, pledge their resolution to eradicate serious industrial disasters at the “D-100 Campaign” at KOWEPO headquarters on Sept. 26. (Photo: KOWEPO)Korea Western Power Co., Ltd. (KOWEPO) showcased sulfur hexa…
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Notables, including Vice Minister Park Il-joon of the Ministry of Trade, Industry and Energy and President Lim Hae-jong, participate at the 29th Korea Gas Safety Awards at the 63 Square in Yeouido, Seoul, on Sep. 21. (Photo: KGS)The 29th Korea Gas Safety Awards took place at the grand ballroom of th…
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KOSPO President Lee Seung-woo exchanges views on the hydrogen economy sector with visiting Premier Peter Malianauskas of South Australia and Energy Minister Tom Koutsantonis at the Shinincheon Bitdream Headquarters’ hydrogen fuel center on Oct. 17.KOSPO President Lee Seung-woo had a meeting with vi…
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Chairman Yang Jong-hee of KB Financial Group. (Photo: KB Financial Group)KB Financial Group announced via internet and mobile live broadcasts on April 24 that it posted 1,679.3 billion won in net profit with an ROE of 13.04 percent in the first quart…
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Chairman Jin Ok-dong of Shinhan Financial Group. (Photo: Shinhan Financial Group)Shinhan Financial Group has recorded the company’s highest-ever first-quarter net profit. The growth of its interest income was driven by an increase in loans, des…
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President Kim Sung-tae of the Industrial Bank of Korea (IBK]. (Photo: IBK)Industrial Bank of Korea (IBK) announced on May 12 that it launched the IBK ESG Diagnosis System to support small companies’ ESG management. The IBK ESG Diagnosis System …
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Chairman Ham Young-joo of Hana Financial Group. (Photo: Hana Financial Group)Hana Financial Group’s net profit swelled nearly 10 percent year on year during the first quarter of 2025. This is the best first quarter performance since the company…
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