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Policy/Politics
Minister Kang Ho-in of the Ministry of Land, Infrastructure and Transport (MOLIT). The Ministry of Land, Infrastructure and Transport (MOLIT) plans to pour 470 billion won into research and development to foster new industry businesses and brace for the advent of the 4th Industrial Revolution. The …
The Korea Institute for Advancement of Technology (KIAT) hosts a forum on startups’ future innovation.  The Korea Institute for Advancement of Technology (KIAT) hosted a session at the Daegu Venture Center of the Daegu Technopark on March 8 to help companies resolve the difficulties they expe…
IFEZ Commissioner Lee Young-geun.  A project to build the City Tower in Cheongna International City of the Incheon Free Economic Zone (IFEZ) has gotten a boost.  The IFEZ signed an agreement on the management and operation of the upcoming City Tower with the Choengna City Tower cons…
President Moon Jae-do of Korea Trade Insurance Corp.(K-sure) Former Vice Minister Moon Jae-do of the Trade, Industry and Energy, has been appointed to head the Korea Trade Insurance Corp. as president and CEO on March 2. “With the signs of spring in the air, it is my pleasure to offer my greeting…
Second Vice Minister Woo Tae-hee of the Ministry of Trade, Industry and Energy (MOTIE) speaks at the inaugural session of the Nuclear Power Export Consultative Committee at the Seoul Palace Hotel on Feb. 3. (Photo: MOTIE) The government has joined forces with industry and financial circles to exped…
Vice Minister Woo Tae-hee of the Ministry of Trade, Industry and Energy (MOTIE) makes an inspection tour of the Korea Power Exchange. The government plans to spend 1.4 trillion won with the goal of supplying advanced metering infrastructure (AMI) to 22 million households by 2020. Vice Minister Woo…
Chairman Park Sang-woo of Korea Land and Housing Corp.(LH) is on a tour of a project site of the company. (Photos: LH) The Korea Land and Housing Corp. (LH) announced on Feb. 26 that its budget for the construction of houses and other related projects, including the purchase of land and housing wel…
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…
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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…
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, …
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 …
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…


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