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Policy/Politics
Chairman Yim Jong-yong of Financial Services Commission.(Photo: FSC) The FSC outlined its financial policy direction for 2017, focused on prompt and thorough response to financial market risks; financial support for stabilization of household livelihoods; and financial reforms and innovation to rev…
Rep. Song Seog-jun of the Liberty Korea Party speaks at a forum on how to overhaul a feasibility study system at the National Assembly Building. Rep. Song proposed a revision bill of the Act on the National Health Insurance Service (NHIS) that would pave the way for the NHIS’s implementation of pr…
Chairman Chung Ji-taik of the Korea Association of Machinery Industry (KOAMI), current vice chairman of Doosan Heavy Industries & Construction, speaks at a New Year’s gathering for those in the Korean machinery industry hosted by the Korea Association of Machinery Industry (KOAMI).Notables, inc…
President Lee Hak-soo of Korea Water Resources Corp. (Photo: K-water) Korea Water Resources Corp. (K-water), marking its 50th anniversary this year, plans to ensure safety and welfare and nurture the water industry. In his New Year’s message, K-water CEO Lee Hak-soo presented three tasks to promot…
President Kim Hak-song of Korea Expressway Corp. The Korea Expressway Corporation was established on Feb. 15, 1969 to construct and manage expressways throughout the nation.  South Korea began building expressways at the end of the 1960s, when the nation’s economic condition was so unfavorab…
A Surion helicopter to be supplied to the Korean military on a contract worth 2.2 trillion won that Korea Aerospace Industries signed with the Defense Acquisition Programs Administration. Under the contract, 100 Surion helicopters will be supplied to the Korean armed forces this year with Army getti…
President Park Sang-woo of Korea Land and Housing Corp.(LH), 3rd R, is with the officials of Kuwait Ministry of Housing Welfare Affairs after signing an MOU on cooperation for  the development of the South Saad Al-Abdullah New Town in Kuwait on May 9 at LH’s head office in Jinju, South Gyeongs…
Korea Tobacco and Ginseng Corp. has turned its operation around in recent years to become an export-oriented company that is no longer dependent on Korea’s domestic market alone for survival. The company now boasts $700 million in overseas sales, joining the list of domestic firms who do better …
Acting President Hwang Kyo-ahn delivers a New Year’s message at a ceremony to kick off the 2017 business year at the Government Complex building. Acting President Hwang Kyo-ahn delivered his New Year’s message in which he said the realization of national solidarity and integration are the mission…
aT President Yeo In-hong speaks at a New Year’s meeting for people in the agro-fisheries, food and distribution industries at the aT Center in Yangjae-dong, Seoul, on Jan. 20. Korea Agro-Fisheries & Food Promotion Corp. (aT) brought together people in the agro-fisheries, food and distribution …
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Business/Company
LG Chem Vice Chairman Park Jin-soo. LG Chem is mass-producing an advanced material that is 100 times stronger than steel and possesses higher heat and electrical conductivity. The step is part of the company’s strategy to shift the paradigm to a fo…
Chairman Kwon Oh-joon of POSCO.(Photo: POSCO) POSCO has tapped Kwon Oh-joon to serve another three-year term as its chairman and CEO. The steelmaker’s board at its meeting on Jan. 25 agreed to retain him for another term. His nomination will become…
(from left) New President Sung Sang-rok, New Senior Executive Vice President Chung Young-chul, New Senior Executive Vice President Park Soo-nam(from left) New Senior Executive Vice President Yang Seung-wook, New Deputy Director Jang Woong-joon, New E…
SK Group Chairman Chey Tae-won deliver a speech at a ceremony to kick off the 2017 business year at the group’s headquarters in Seoul. (Photo: SK Group) SK Group’s move to acquire a stake in a Chinese livestock enterprise is consistent with the gr…


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