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Prime Minister Chung Sye-kyun delivers a speech after the National Assembly approved the 2021 budget bill at a plennery session on Dec. 12. (Photo: National Assembly)The National Assembly approved next year’s budget of 558 trillion won, a 2.2 trillion won increase from the planned budget set by the…
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Minister Kim Hyeon-soo of the Ministry of Agriculture, Food and Rural Affairs.Korean agricultural produce and food exports have achieved an all-time high mark despite rapid foreign market condition changes, caused by the COVID-19 pandemic. The achievement is not only partly owed to rising concern ov…
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2nd Vice Mayor Kim Hak-jin of the Seoul Metropolitan Government (SMG) speaks at the International Urban Resilience Forum Seoul 2020 held virtually on Dec. 9. (Photos: SMG)The Seoul Metropolitan Government (SMG) held the International Urban Resilience Forum Seoul 2020 virtually on Dec. 9. The forum w…
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Minister Park Jong-ho of Korea Forest Service (KFS) inspects efforts to combat a wildfire in Goseong, Gangwon-do, on May 2. (Photo: KFS)Korea Forest Service (KFS), learning the lessons of a disaster-level wildfire on the East Coast in April 2019, has established a new 2020 comprehensive wildfire cou…
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Prime Minister Chung Sye-kyun speaks at a ceremony to sign an investment deal involving a consortium, led by SK, at the Sasemangeum Convention Center in Gunsan, Jeollabuk-do, on Nov. 24. (Photos: SDIA)With the opening of Saemanguem’s east-west road, the development of the reclamation area in Jeolla…
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President Yoon Tae-jin of Korea Institute for Food Industry Cluster gives a speech at an on-line FOODPOLIS Industry Symposium on the aging-friendly food industry on Nov. 26.Two tenant companies of FOODPOLIS, a new industrial cluster being built in Iksan, Jeollabuk-do, obtained Good Manufacturing Pra…
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President Kim In-sik of Korea Rural Community Corp. (KRC) (Photos: KRC)Korea Rural Community Corp. (KRC) held a ceremony to mark the 112th anniversary at KRC headquarters in Naju, Jeollanam-do, held on Dec. 8. At the event, it announced “KRC Agro-Fishery Community New Deal” to implement innovative…
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President Moon Jae-in poses with winner of the Order of Industrial Service Merit, including Samsung Electronics President Kim Hyun-suk at a ceremony to mark the 57th Trade Day at COEX on Dec. 8. (Photos on the courtesy of Cheong Wa Dae website)Korea is predicted to see exports surpass $500 billion t…
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President Kwon Pyung-oh Korea Trade-Investment Promotion Agency (KOTRA).Korea Trade-Investment Promotion Agency (KOTRA) has announced a roster of 817 Korean-made world-class products for 2020 and their 938 companies in cooperation with the Ministry of Trade, Industry and Energy (MOTIE).The number of…
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President Kim Jung-hwan of Korea Industrial Complex Corp. (KICOX) speaks at a ceremony to celebrate the 2020 Industrial Complex Day in KICOX headquarters in Daegu on Nov. 12. (Photo: KICOX)The government approved revisions of the act on the facilitating of industrial clusters and the establishing of…
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Kim Kyu-young, taking office as a professional manager-turned chairman other than the owner of the group. (Photos: Hyosung)HS Hyosung Group is undergoing changes in its governance structure by appointing Kim Kyu-young, former Hyosung vice chairman, t…
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Chairman Lee Jae-yong of Samsung Electronics. (Photo: Samsung Electronics)Samsung Electronics achieved its best-ever performance on a quarterly basis by achieving the 50 trillion won milestone in operating profit in the first quarter of this year.&nb…
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Hyundai Motor unveils its next-generation electric vehicle, the IONIQ 3, at the 2026 Milano Design Week in Italy, on April 20. On April 20, Hyundai Motor unveiled the IONIQ 3, a next-generation electric vehicle designed to accelerate its transit…
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New Acting President Nam Han-gyu (left) of Kangwon Land poses with former acting president Choi Cheol-gyu as the former took office at Kangwon Land Hotel on March 4 on March 3.Nam Han-gyu, head of the Management Support Division at Kangwon …
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