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S-OIL President Ryu Yeol of Corporate Strategy & Service listens to explanations by S-OIL’s direct investment startups while touring S-OIL’s pavilion at CES 2023 at Las Vegas, the United States, on Jan. 5.S-OIL President Ryu Yeol of Corporate Strategy & Service attended CES 2023, held at L…
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Toray Advanced Materials Korea (TAK) announced a plan to implement a project to expand its PPS plant in Gunsan with an additional annual capacity of 5,000 tons by the end of 2024 on Feb. 2. A view of TAK’s plant in Gunsan, Jeollabuk-do. Chairman Lee Young-kwan of Toray Advanced Materials Korea…
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Minister Lee Chang-yang of the Ministry of Trade, Industry and Energy (MOTIE). (Photo: MOTIE)The President Yoon Suk-yeol government, finding not easy to secure high-voltage direct circuit (HVDC) transmission lines along the East Coast, is expected to adopt a policy of expanding large-sized energy st…
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President Lee Seung-woo of Korea Southern Power Co.(KOSPO) gives his New Year’s message at a ceremony to kick off the 2023 business year at KOSPO headquarters in Busan on Jan. 2.In his New Year’s message, President Lee Seung-woo of Korea Southern Power Co. (KOSPO) said, “In the New Year, we still…
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A view of KEPCO headquarters in Naju, Jeollanam-do. (Photo: KEPCO)Korea Electric Power Corp. (KEPCO) is predicted to sustain around 30 trillion won in cumulative losses in 2022, but KEPCO has shored up its financial structure worth about 400 billion won through the sale of assets for the past six mo…
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A view of Korea South-East Power Co. headquarters in Jinju, Gyeongsangnam-do.President Kim Hoe-chun of Korea South-East Power Co. (KOEN) (Photos: KOEN)Korea South-East Power Co. (KOEN) has been building a new business model in the owners engineering (OE) sector of independent power plants. OE refers…
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KPX Chairman Jung Dong-hee, and Labor and management representatives from Korea Power Exchange (KPX) pose after purchasing items from a shop in a traditional market, which were donated to help marginalized neighbors. Korea Power Exchange (KPX) said on Dec. 23 that the peak power demand had reac…
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A view of HD Hyundai 50th anniversary at the Global R&D Center in Pangyo, Gyeonggi-do, on Dec. 26. (Photos: HD Hyundai)Hyundai Heavy Industries Group, marking the 50th anniversary, has made a fresh start with its new name, HD Hyundai. The business group designated the new name and held a ce…
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President Kang Dal-ho of Hyundai Oilbank. (Photos: Hyundai Oilbank)Hyundai Oilbank has continued to conduct activities to promote regional shared growth at the Daesan area in Seosan City, the location of Hyundai Oilbank headquarters. Hyundai Oilbank has implemented a project to secure a market …
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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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FSC Chairman Lee Eok-won poses for a photo with Mirae Asset Chairman Park Hyeon-joo, Celltrion Chairman Seo Jung-jin and Korea Development Bank Chairman Park Sang-jin among others during the National Growth Fund Launch Ceremony at Korea Development B…
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Chairman Yang Jong-hee of KB Financial Group. (Photos: KB Financial Group)KB Financial Group won the Presidential Prize, the highest honor, at the 25th Korea Digital Management Innovation Awards on Nov. 27. The honor recognized KB Financial Grou…
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Hwang Ki-yeon, the 23rd president of the Export-Import Bank of Korea, delivers his inaugural address at the auditorium of the bank's Yeouido headquarters in Seoul on Nov. 6. (Photos: Korea Eximbank)“The Export-Import Bank of Korea should evolve beyo…
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On Dec. 12, IBK established an international cooperation network in Luxembourg to support Korean SMEs and startups. Kim Sung-tae, CEO of IBK, poses for a photo with Gilles Roth, Luxembourg’s Minister of Finance and chairman of LHoFT at the Luxembour…
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