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Deputy Prime Minister Kim Dong-yeon talks with IMF Managing Director Christine Lagarde during their meeting in Seoul. (Photo: MOSF) Deputy Prime Minister and Minister of Strategy and Finance Kim Dong-yeon will participate in the 2017 Annual Meetings of the International Monetary Fund (IMF) and the …
Finance
Policy/Politics
South Korean President Moon Jae-in delivers his maiden speech at the UN General Assembly in New York on Sept. 21. How can North Korean leader Kim Jong-un’s nuclear arms ambitions be stopped? Is it possible that the United Nations Security Council’…
Finance
A view of the Eximbank building in Seoul.(Photo: Eximbank) The Export and Import Bank of Korea (Eximbank) said Aug. 25 that it signed a facility agreement (FA) with the central bank of Iran to facilitate the provision of 8 billion Euro (10.6 trillio…
People/Column
Chairman Lee Jeong-ik of the Central Association for National Unification of Korea, known as Mintong, gives a speech at an event to mark 35th anniversary and Seoul Metropolitan City’s nationwide convention for unification at Jangchung Gymnaisum in S…
Education
Ex-U.N. secretary general Ban Ki-moon, HGU President Chang Soon-heung, Vice Minister Cho Hyun of the Ministry of Foreign Affairs, Chairman Lee Jae-hoon of HGU’s board of directors,; and Chairman Kim Young-gil of the UNAI Korea, attend a ground-break…
Health/Life
Chairman Kang Shin-ho of Dong A Socio Group. Dong A Socio Group announced on July 11 that it will hire new employees solely on a “blind application” basis with no consideration given to the general educational background or birth place, becoming t…
Dong A Pharmaceutical Co. launched the Dong A Pharmaceutical Co. College Students Long March in 1998 to help college undergrads build a challenging spirit and build pride in themselves at the time when the country’s economy was in trouble. Chairm…
Business/Company
SK Innovation will begin to mass produce an EV battery capable of running 450 km per charge for the first time in the world. The mileage of the upcoming battery is more than 100 km better than the EV batteries that have been developed so far. The r…
A graph showing how Bi-directional chargers for plug-in vehicles work.(Photo: Hyundai Mobis) Hyundai Mobis has developed an on-board, bi-directional charger for plug-in vehicles. The bi-directional onboard charger (OBC) allows the vehicle to supply …
Hyundai Mobis’s test-driving ground for self-driving cars debuted recently at a lot covering 1.12 million sq. meters in the Bio Well-being Special Zone in Buseok-myeon, Seosan City, Chungcheongnam-do. The car testing ground boasts 14 test tacks, …
Late founder Woo Sang-ki of Sindoricoh Co. steadily upheld the motto of the Kaesong merchants; “No debts, and one well,” throughout his adult life in the running of his businesses. In line with the founder’s motto, the company never borrowed mon…
Industry/Energy
Korea Southern Power Co. (KOSPO) is making massive investments into new and renewable energy projects with the goal of making a shift in the energy paradigm to promote public safety.  The power company is accelerating efforts to expand new an…
Korea Electric Power Corp. President Cho Hwan-eik visits the Big Data Center of LG U+ in Yongsan-gu, Seoul, on Sept. 14. (Photos: KEPCO) Korea Electric Power Corp. (KEPCO) President Cho Hwan-eik toured the Big Data Center of LG U+, a company special…
A view of LG Chem’s plant in Daesang, Chungcheongnam-dop. (Photo: LG Chem) LG Chem has seen its corporate value surge 12.8 trillion won over ten months. LG Chem shares were traded for 390,000 won per share on the Korean bourse on Sept. 12, an 81 pe…
A lab of GS Caltex’s plant in Yeosu.A view of GS Caltex’s plant in Yeosu. (Photos: GS Caltex) GS Caltex is in its 50th year of operation this year. At the company’s new year ceremony on Jan. 1 at GS Tower in Nonhyun-ro, Seoul, Chairman Huh Jin-so…
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IT/Science
Serra do Air Wind Farm (Photos : Adelino Oliveira for EDP)Abogalheira Wind Farm, Portugal Europe's westernmost country makes one of the most efficient wind towers in the world. ASM Energia produces, in the north of Portugal, wind towers exported to …
Beta-i founders (left to right): Tiago Pinto (Head of Money & People), Pedro Rocha Vieira (CEO), Ricardo Marvao (Head of Global Resources) and Manuel Tanger (Head of Innovation & Corporate Acceleration) Portugal is one of Europe’s most vibr…
Construction
LH President Park Sang-woo and Director General Bader Al-Wugayyan of Kuwait’s Public Authority for Housing Welfare pose after they signed an MOU on the development of South Saad Al Abdullah, a new city 30 km west of Kuwait City, at LH’s Seoul regio…
Culture/Tourism
The Seoul International Travel Mart 2017 (SITM 2017) wrapped up its five-day run at the Grand Hilton Seoul on Sept. 15. The SITM 2017 attracted about 800 Korean and 400 foreign tourism companies from 50 countries. The SITM 2017 was jointly hosted by …
Event
His Majesty King Salman bin Abdulaziz Al-Saud His Royal Highness Crown Prince Mohammed bin Salman bin Abdulaziz, Deputy Premier and the Minister of Defense of the Kingdom of Saudi Arabia         His Excellency Ambassador…
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