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President Kim Jae-hong of Korea Trade Investment Promotion Agency. The Korea Trade-Investment Promotion Agency (Kotra) plans to help 1,400 small-and medium-sized enterprises (SMEs) become exporters, in support of the government’s target of boosting annual international trade to $2 trillion by 2020…
Chairman Kim In-ho of the Korea International Trade Association. Chairman Kim In-ho of the Korea International Trade Association (KITA) said he is concerned that the government’s investigation of a number of heads of big business firms could harm the economy going forward, which could do more harm…
President Choi Gye-won of Korea Water Resources Corp.(Photo:K-water) Even though Korea Water Resources Corp. is only 47 years old, it has a corporate culture comparable to that of first-class global firms around the world. It is so attractive that “it’s employees want to come to the office even o…
The business prospects of Korea Gas Corp. (KOGAS) were not rosy in 2014. The fact that the company logged a 203.6 billion won loss in 2012 seemed to spark a widespread sense of a crisis among KOGAS employees. Now one year later, KOGAS has turned the corner — surging to a record high 447.2 bi…
Minister of Culture, Sports and Tourism Kim Jong-deok and Chief Executive Lim Won-soon of the National Library of Korea (NLK) hold the 1 millionth book NLK added to its shelves.(Photo:MCST) At a ceremony to mark the 70th anniversary of the establishment of the National Library of Korea (NLK) on May…
President Choi Kwang of the National Pension Service.(Photos:NPS) The National Pension Service (NPS) will be able to pay annual pensions on the same level as advanced countries in 2050 by maintaining the current pension payment system.  According to the data of both the Ministry of Health and…
Director General Kim Kyung-wook of the Construction Policy Bureau at the Ministry of Land, Infrastructure and Transport. (Photo: News World) The Ministry of Land, Infrastructure and Transport (MOLIT) has come up with a pilot program to provide a package of support on overall consulting services to …
A bird’s eye view of the second passenger terminal  at the Incheon International Airport in Incheon.The modernization and expansion project for the Incheon International Airport began in June 2009 with an aim to make the airport a hub in the Asia-Pacific region. Air traffic in the region has e…
Mayor Yoo Jeong-bok of Incheon Metropolitan City.(Photos:Incheon City) The Incheon Free Economic Zone (IFEZ) is proud what it achieved last year in the area of foreign investment attraction. It attracted $1.714 billion last year, bringing total foreign direct investment in the zone so far to $6.769…
President Kang Young-il of the Korea Rail Network Authority(Photos:KR)Prime Minister Lee Wan-koo, Minister of Land, Infrastructure and Transport Yoo Il-ho, Rep. Lee Byung-suk, chairman of the National Assembly Political Reform Committee, and Gyeongsangbuk-do Gov. Kim Kwan-yong clap at a ceremony to …
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Business/Company
POSCO Chairman Choi Jeong-woo. POSCO Group posted about 5.5 trillion won in operating profit last year, the best in seven years. The group surpassed the 60 trillion won threshold in annual sales for the second straight year.POSCO set the 2019 sales t…
Lotte Chairman Shin Dong-bin. (Photos:Lotte Group) President Kim Kyo-hyun, head of the Chemical Business Unit. /  President Lee Yeong-ho, head of the Food Business Unit. Lotte Corp. President Yoon Jong-min, chief of the Management Stra…
Genesis G70 has been awarded the 2019 North America Award of the Year at the Detroit Auto Show in Michigan on Jan. 14. Manfred Fitzgerald, executive vice president and global brand chief of Genesis Motors, and Erwin Raphael, executive director at Gen…
Hanwha Group Chairman Kim Seung-yeon joins other dignitaries in celebrating the dedication of Hanwha in Hoa Lac Hi Tech Park Aero Engines’ plant in Vietnam on Dec. 6. (Photo: Hanwha Group)Hanwha Group Chairman Kim Seung-youn said, “We have to take …


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