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Policy/Politics
Vice Minister Choi Jae-yoo of the Ministry of Science, ICT & Future Planning (MSIP).MSIP Vice Minister Choi Jae-yoo poses with government award winners at a ceremony to mark the 5th anniversary of the Information Protection Day at The-K Hotel Seoul in Yangjae-dong on July 13. (Photos: MSIP) The…
President Hong Soon-man of Korea Rail Corp. The KTX Mileage Discount System will be introduced by the Korea Rail Corp. to provide discounts and additional services based on the distance passengers travel. President Hong Soon-man of Korail said on July 7 that Korail will do its best to compete with…
A view of the NPS headquarter in Jeonju.(Photo:NPS) The public image of the National Pension Service is growing ever higher as its total funds reach 524 trillion won as of the end of March, ranking the third largest among pension funds in the world. It has 21.56 million members and pays pensions to…
Minister Choi Yang-hee of the Ministry of Science, ICT & Future Planning (MSIP) delivers a speech at a ceremony to mark the 29th anniversary of the Month of Information Culture Plaza in Seoul on June 8.Dignitaries, including MSIP Minister Choi and Chairman Choi Sung-joon of the Korea Communicati…
The Busan-Jinhae Free Economic Zone (BJFEZ) ranked 1st overall in the 2015 performance evaluation of seven free economic zones, followed by the Incheon Free Economic Zone (IFEZ) and the Gwanyang Bay Area Free Economic Zone (GFEZ). The Economic Free Zone Commission held its 85th session on May 31 …
Gov. Zhin Woong-seob of the Financial Supervisory Service.(Photo:FSS)Gov. Zhin Woong-seob of the Financial Supervisory Service (FSS) intends to take charge of the introduction of the IFRS2 Phase 2 initiative in a meeting that will take place in May with the heads of Korea’s insurance firms.The top …
President Ha Sung-yong of Korea Aerospace Industries (KAI) has been awarded another term as the CEO of KAI as of May 4. Members at a temporary shareholders’ meeting of KAI held on May 3 at the company’s Sacheon head office in Sacheon, South Gyeongsang Province, unanimously approved the retention…
Executive Managing Director for Construction Sin Jae-sang of Korea Expressway Corp. Executive Managing Director for Construction Sin Jae-sang of Korea Expressway Corp. (KEC) said in an interview with NewsWorld on the occasion of the 25th Road Day on July 7 that the KEC has been working to build new…
Officials of Korea Water Resources Corp.(K-water) and National Water and Wastewater Engineering Co. of Iran pose for a photo session at K-water office in Seoul after signing an MOU on cooperation to boost water volume carried through pipelines in Shiraz and Bushehr, the two cities located in southwe…
Prince Alwaleed bin Al Talal of Saudi Arabia is seen while on a visit to Seoul to seek Korean investments in Jeddah Project. He met with President Eun Seong-soo of Korea Investment Corp. and Chairman Park Hyun-joo of Mirae Asset Group, among others, during his visit to Korea on May 16-17.(Photo:KIC)…
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Industry/Energy
President Lee Kwan-sup of Korea Hydro & Nuclear Power Co.(Photos: KHNP) Korea Hydro & Nuclear Power (KHNP) has designated 2017 as the first year to make a leap forward by expanding its global presence. Last year, KHNP signed a $600 million O…
Hyundai Motor Group Vice Chairman Chung Ui-sun test-drives Hyundai Motor’s self-driving car IONIQ at the CES 2017 in Las Vegas. Hyundai Motor Co. jumped 13 spots to the 6th and Kia Motors Co. rose to 11th in the U.S. vehicle dependability study ind…
KEPCO President Cho Hwan-eik. (Photo: KEPCO) President Cho Hwan-eik of Korea Electric Power Corp. (KEPCO) is certain to be reelected for one more year for the second time after finishing his initial three-year term at a regular meeting of KEPCO’s b…
KPX President Yoo Sang-hee. Korea Power Exchange (KPX) has begun to allow the transaction of renewable energy certificates (RECs) on the photovoltaic power that individuals and companies generate, which are put on the block, in accordance with the g…


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